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Resolved
Voobon Ventures IncScammers and liars

J

Run, this is a fraudulent company. This companies claim to do capital venture investments, is not true. The owner Mark Shariar will lie to the employees and have them create PPM to present to investors which is illegal because in order for a person to create this document they must have a license which he nor the other employees don't. I worked there for along time and never met or spoke to one supposed client. He will promise you benefits, for example medical insurance. This is a lie; some employees have worked at the establishment for more than a year and still do not have medical insurance. He will cheat the employee's on their check. If you're hired full-time and on salary, Mark Shariar will deduct money from an employee's paycheck if they don't work at least 40 hours. But if you work overtime you don't get paid extra. Basically the employee is an hourly worker if they work less than 40 hours and is fulltime salary if the employee works more than 40hours. This way Mark Shariar benefits and saves money either way. This is illegal, and told to me by the Department of Labor. He will never give an employee anything in writing stating their pay and the date they are to receive their benefits. To prove how fraudulent this company is, when hired request an operation agreement, stating your pay, when you're supposed to get a raise, and the date your supposed to receive your benefits. Insist that you need this document in writing before you start work and I will guarantee you he will come up with some excuse and you'll never get the agreement. First when you work there Mark Shariar will start you off very low, like slave labor pay and promise you a raise. This will happen in 90 days but it will only be for about $2- $3 more then the original hourly rate. If you go into the office all the employees are supper young (early to mid 20's) he hires young employees because he can manipulate them, no grown adult with reasonable work experience will work their for even a mere minute. The staff of the company has a quick turnover rate every 2-4 months. On top of this I have witnessed him sexually harassing other employees and he's currently being sued for his lewd and obscene behavior. One incidence a female employee was escorted into to the office for her protection to retrieve her personal items because of his inappropriate behavior towards her. If you ask for your benefits before six months he'll either fire you or make you quit so he doesn't have to pay unemployment. I have seen this happen several times. He also does not pay his bills and it very possible that while working there you may witness bill collectors coming to the office because he refuses to pay his bills. I have seen this and he ran out the back door into the hallway (really funny but also extremely sad). One last thing, there are no other companies all over the world or even in the United States. If a person does a little research they will notice that there are no numbers, addresses or any information at all about these other branches all over the nation, but this is company that deals with $5billion dollars worth of capitol investments. Who ever heard of a company that is worth that kind of money and has no record about their other branches even on the internet. This company is extremely fraudulent if you don't believe me work there for two weeks and you'll recognize what's going on.

More Voobon Ventures Inc Complaints & Reviews

Responses

  • Ed
    Edward Apr 24, 2009
    This comment was posted by
    a verified customer
    Verified customer

    Please contact me about your experience at Voobon. We are helping others in the same situation. Regards
    Edward
    [protected]@gmail.com

    2 Votes
  • Ja
    Jack Apr 26, 2009

    Above employees Name is Jessica Hawk. She was terminated from the company because of her dishonesty and theft. I have been working for the company for a long time and all of those above story are false, fabricated and it is clear that above statement is just simply an anger of a former employee.

    0 Votes
  • Ja
    Jack Apr 26, 2009

    Oh! Yeah! I know that is Jessica Hawk. She also claimed unemployment. I think she had a hearing on that day and she lost her case.

    -3 Votes
  • Tr
    Tracey May 04, 2009

    Oh! Yeah that is Jessica Hawk. No employer should hire her again.

    -3 Votes
  • Tr
    Tracey May 04, 2009

    She is a ###. I mean the Jessica Hawk. She is pregnant and she even doesn't know who the father is? She claims sexual Harassment! She got be out of her mind! Anyway, I want to just like to let the reader know that above story is 100% false.

    -3 Votes
  • Jo
    Joy May 20, 2009

    For the most part, I would agree with Jessica's assessment above.

    0 Votes
  • St
    Str8 from the Horse's Mouth May 21, 2009

    I work for Mark Shariar at Voobon Ventures and am upset at the fact that these unqualified, disgruntled ex-employees have nothing better to do than slander someone's company and name. They are no longer employed at Voobon Ventures for valid reasons, and because they're women, they can claim sexual harassment or even rape on someone they don't like and will TRY to get away with it. I'm a female employee at Voobon Ventures and have NO COMPLAINT about Mark Shariar, none whatsoever. I make good money here and if the above-mentioned were qualified to do their job, they wouldn't be wasting time (time that they could be using to find another job) posting negative information online. This really says a lot about their character and objectives in life. Good luck finding positivity!

    -4 Votes
  • Li
    Lisa May 28, 2009

    Jessica Hawk's baby got popped out!
    She gave Birth but she does not know who the Father is! Haha!
    That tells what kind of person she is!

    -6 Votes
  • Li
    Lisa May 28, 2009

    She is an evil person!

    -5 Votes
  • Ga
    ga1111 Jul 09, 2009

    who is this lisa? Do you work with Voobon. Is this how you promote the company?

    -1 Votes
  • Wa
    warning_you Jul 16, 2009

    Run away from Voobon Ventures and Mark Shariar!!! I had a terrible experience with them. Now they have a bunch of press releases in their web page that are all lies. SCAMMERS!!!

    I know there are other companies out there willing to get any information about Mark Shariar. I don't care if you believe me or not. You will waste several months and even years listening a bunch of lies. At the end you will get nothing and you'll remember this warning.

    6 Votes
  • Ga
    ga1111 Jul 17, 2009

    Warning you contact me please about your concerns. [protected]@gmail.com

    0 Votes
  • Gr
    Greg101 Jul 22, 2009

    All this people are just full of crap. I am a client of that company. I got funded. I hope the company takes an action against those liars and losers.

    -4 Votes
  • Gr
    Greg101 Jul 22, 2009

    This guy is a full of ### [protected]@gmail.com

    -2 Votes
  • Pe
    pels Jul 25, 2009

    Greg101. What is your company? All we want to know if a real company that received funding from Voobon. It would make it easier for Voobon and its clients if they could list 10 companies out of the 75 companies they say they have funded on their website. Dont give me privacy laws and SEC crap.
    No more rumors as we do not care about past employees. Just want to see Voobon validate claims and show people real fundings. It would be good for their business

    4 Votes
  • Wa
    warning_you Jul 25, 2009

    I know that some of those press releases on their website are a big lie. Some of those companies never received any money from Voobon Ventures. I'm wondering if those companies are also scammers or if they even exist.

    6 Votes
  • Br
    Brandt Hott Feb 10, 2017
    This comment was posted by
    a verified customer
    Verified customer

    @warning_you gridline communications is a complete scam. Its run by Terry Dillon a self proclaimed "honest" Christian that runs around creating triangle companies, and has scammed people for millions of dollars. They have scammed foreign governments for alot of money pretending to install worthless technology that they don't even have. GridLine is a fraud 100%.

    3 Votes
  • Br
    Brandt Hott Feb 10, 2017
    This comment was posted by
    a verified customer
    Verified customer

    @Brandt Hott Personally Mr. Dillon ripped off my company for over 300, 000 dollars, then took out over 1 million dollars in loans using our corporation but with his friends home address in another state, and a friendly banker.

    1 Votes
  • Ki
    killerofmark Aug 04, 2009

    this is a bogus company and mark is a fraud by birth..

    3 Votes
  • Uk
    UKinvester Aug 06, 2009

    We in the UK have been scammed by Voobon many people I know have lost money and most still hide their heads in the sand as they must have something to believe in and still accept Mark Shariah when he says for the 30th time, "THE MONEY WILL BE WITH YOU ON THE 1ST". in fact the money almost gets to our bank account and then would you know it some problem again with paperwork. On and on this goes but he gets away with it because the people who have lost money have nothing else except to pray and hope that they have not lost all their moneyand do not admit they have been conned because they see it as shameful. Why someone does not wake up and send the police in I do not know until then I will still have the weekely e mail from the investors that states sorry the money is not here this week due to...but will definately be in our bank accounts by the 1st all 200 million. or lately it has been "The first Tranch of 50 million" what has happened to peoples common sense...WAKE UP AND REALISE YOU HAVE BEEN CONNED SINCE 2006 NO ONE HAS HAD MONEY FROM THEM not one solitary business. THEIR SECOND IN COMMAND RAN A CHICKEN TAKE AWAY FOR GODS SAKE DO YOUR HOME WORK AND RUN HIM IN.

    4 Votes
  • Uk
    UKinvester Aug 06, 2009

    18 months ago Voobon sent sent a press release stating that they were investing $200 million in Gridline Communications. Gridline have not seen one penny. You will not see them taking Voobon to court as yet because of the bad publicity that this would bring and their business does not need this. The story goes on and involves many more people who thought they would get rich quick but have instead spent most of their savings thinking their ship is comming in. Voobon do not have any investers they have a one page magazine as a front on the net. They did not file accounts for 2 years (a federal offence). They have put out press releases (not real press releases just the free ones on the internet so they come up when you try to do a voobon record search. They do not state that they have invested they say may invest, might invest, are looking at etc. That is not against the law but it puts false hope into these businesses and their investors and they spend spend spend thinking they are being invested in and will reap the rewards. Voobon also make money from asking for money from these investors for fees, they say they have paid lawyers for the contracts etc. THEY ARE LIVING OFF YOUR MONEY. WAKE Y WAKEY

    3 Votes
  • Lp
    LPTex Aug 07, 2009

    bitter, angry people that know little or nothing about the private equity markets, especially since September 2008. the fact that this man and his company are still working with multiple companies and HAS funded many, even though he could walk away under all of the recent develoments speaks much about his commitment to honor his word. If raising $200M was so easy then why doesnt UK Investor go do it. Geez

    -3 Votes
  • Lp
    LPTex Aug 07, 2009

    Bitter angry people. Obviously havent paid attention to what's happening in the world. probably dont know anything about what it takes to raise $50M for the last couple years. Its not easy and Sharir sticking with it when therewere plenty times he coulda walked with no issue says alot about him. sounds like hes commited to his people and doing all he can in a firestorm. UK Invester sounds like they thought they were gonna get rich. cant say much more but sure sounds like sour grapes.

    -2 Votes
  • Lp
    LPTex Aug 07, 2009

    ditto!!! lets all kick the guy for tryin.

    -2 Votes
  • Lp
    LPTex Aug 07, 2009

    anybody here ever tried to raise a million? didnt think so.

    -2 Votes
  • Wa
    warning_you Aug 07, 2009

    If Gridline Communications did not receive any money, why did they have a press release?, why are they keeping the announcement on voobon's website? what kind of game is this?...Any idea UKinvester?

    3 Votes
  • De
    debie101 Aug 08, 2009

    Accusations that Rip-Off just an Extortion Business

    Posted by randfish on January 16th, 2008 at 1:46 am Google


    One of the most interesting stories to catch my eyes in the last few months was this exposé from Chris Bennet at 97th Floor - Google, Your Honeymoon with [redacted] Has to Stop. Looking through Chris' detailed research into the practices of the website and perusing some of the appalling accusations made about the business and its founder, it's shocking that the domain continues to retain its authority.

    Here's the basic gist of Chris' arguments:

    1. The website - [redacted] - essentially earns a living through extortion of businesses based on the search results (almost like a reverse reputation management campaign).
    2. Because the site ranks well at Google (Yahoo!, Live, and Ask appear not to give it as much weight), companies whose profiles appear on the site must pay the owner to have the information removed or have administrative comments added that an issue was resolved or the complaint was found to be false.
    3. It would appear that content creators unfamiliar with the English language, yet very familiar with keyword stuffing, create many of the negative profiles on the site (ostensibly to help them rank better in the search engines so they will have a greater negative impact on the businesses they list).
    4. The site even features bizarre allegations (supposedly from a 16 year old girl) that Google's founders propositioned her and another underage girl.

    Certainly, if you visit the site (which I won't link to directly), you'll note the exaggerated style and tone of the content suggests a less-than-professional organization. The site proudly claims not to investigate the comments left by its visitors, and one is forced to wonder if [redacted] will truly investigate once a business pays them (or whether they simply remove the listing or add their "all's well" commentary).

    Beyond the ethics, I have to say that it's a fascinating business model from an SEO perspective - integrating the negative linkbait pull of trashing a business or person as a link acquisition technique, using the link weight to rank well for company names, then forcing them to pay in order to "mitigate" their bad publicity through search engines. Honestly, I'm surprised that someone like Matt Cutts hasn't taken action against the site - it would seem to fit well within his usual definition of manipulating Google.

    I think more investigation of the site might be warranted - just a few quick searches led me down a fascinating tale of dodged court appearances, paranoia, default judgments, and violent threats. Here's a few gems:

    * The Phoenix Sun Times - The Real [redacted] - the reporter's meeting with ROR's owner is almost hard to believe, and the number of businesses paying thousands each month (if accurate) make this one of the most profitable black/gray hat SEO concepts I've ever heard.
    * Eric Goldman - [redacted] Gets Mixed Ruling - it would appear that the site does have the ability to operate legally, though Chris' blog post certainly suggests that the owners themselves are behind much of the content (and thus would have to answer for it). That portion of the case (suggesting that the owners created the libelous content) is still proceeding in Arizona.
    * A video from Florida - WSVN on Rip-Off - showing fairly compelling evidence that the site does indeed extort businesses by offering to turn bad reports into positive ones for a fee.

    BTW - I'm not sure why Chris didn't mention it, but as far as Google's TOS violations go, it would appear that they're also selling paid link advertising and passing link juice (the banners in the top right corners don't have nofollows).

    -2 Votes
  • De
    debie101 Aug 08, 2009

    How To Fight Back Against A [redacted]

    A [redacted] on a site like [redacted] can be seriously damaging to your business’s reputation. [redacted] allows its users to publish a [redacted] on any company without fact checking or any evidence that the allegations are true. Many users misuse the site in order to perpetuate personal vendettas, or even just for pranks. This [redacted] can be seriously damaging to your reputation and the site does not allow you to fight back except to post a rebuttal. In some cases, the owner of the site declines to publish the rebuttal to the [redacted] and then you have no recourse whatsoever.

    If you pay a fee, the site’s editor will post a note under the [redacted] stating that it was investigated and the claim was false. This makes a [redacted] that is unfair amount to extortion. Such a [redacted] is especially frustrating, because this site is weighted highly in Google page rankings. If a customer searches for your company name and [redacted], or even just your company name, it’s very likely this will be the first thing he or she sees.

    There are ways to fight against an unfair [redacted] without giving in to blackmail, though. One way is to file a lawsuit. This can be expensive and [redacted] has successfully defended many such lawsuits. However, they have also settled with some plaintiffs and failed to defend other cases, in which a default judgment was entered against them. If the complaint against you in your [redacted] is minor, it may not be worth bothering, but if you stand to be ruined because of it, this is an avenue you may want to pursue. A federal lawsuit is currently brewing against [redacted] that may put them out of business, but it’s too soon to find out the results.

    Another way to handle a problem with [redacted] is to hire a company which provides online reputation management services. This is a relatively new arena but it’s likely to grow over time, since the way the Internet is structured allows people to post slander and libel without much recourse. A company that handles online reputation management may charge around $5, 000, which is still cheaper than hiring an attorney to fight your [redacted].

    They won’t just post a rebuttal on [redacted], they’ll use their knowledge of Google rankings, SEO tools and other tricks of the trade to make sure that the [redacted] about your company is buried and people see positive information first.

    When choosing a reputation management service to fight your [redacted], look for testimonials of satisfied customers. One site that claims it’s been fighting [redacted] for ten years goes on to say that he’s just now getting results. Decide for yourself, but I’d rather have someone who’s had success sooner than this. Some sites also guarantee that they get you results against [redacted] or you don’t have to pay. This is probably the first line of defense you should take if an unfair [redacted] is filed against you.

    If you have a [redacted] that you want to see taken off of Google see Online Reputation Management.

    This entry was posted on Wednesday, March 25th, 2009 at 10:40 am and is filed under Online Reputation Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

    -2 Votes
  • De
    debie101 Aug 08, 2009

    I am basically checking that they remove those above comments or not? If they do that means they are monitoring the site and they are subject to prosecution...
    An attorney...

    -1 Votes
  • De
    debie101 Aug 08, 2009

    Scamming as an Art Form: Ed Magedson and [redacted]

    To be a brilliant artist, you don’t necessarily need to use paints, clay or any other traditional artistic tools. You apparently don’t need to have morals or a conscience either.

    Ed Magedson is a name well known throughout the internet as a scam artist and the man behind [redacted]. The website claims to serve as a consumer advocacy forum: “By Consumers, For Consumers”. But if you believe the many, many reports from other sources, the website is merely a blackmail scam to con businesses into paying Ed Magedson.

    The site claims to offer the consumer a chance for retribution or justice for being ripped off by a business, but there is some evidence that many of the posts are written by Magedson or employees. [redacted] says it has won numerous legal battles over the legitimacy of the reports, and it has appeared to find a large degree of protection from the Communications Decency Act (CDA) of 1996. Magedson himself has been in court and if you’d like an idea of how slippery a character he is, you can read the court transcript here.

    I’m not saying that a site that legitimately warns consumers of potential scams aren’t good for business. The internet has provided a means for consumers to voice their concerns and complaints when they’ve been slighted. But what about businesses who are targeted for no apparent reason?

    If [redacted] is to be believed, Larry Page and Sergey Brin of Google harassed a couple of 16-year-old girls in a Santa Monica coffee shop and attempted to get them to go to a hotel room (link). I don’t know Page or Brin personally, but I don’t really need to. The two founders of the largest and most successful search engine in the world weren’t drunk in a Santa Monica coffee shop picking up 16-year-old girls. The claim is ridiculous. **It appears that the name has been changed from the original post to now read Soney Bonoi.

    Unfortunately outrageous claims are all the norm on [redacted], and your average business can be targeted with little to no substantiation. The worst part about Magedson’s site is that Google has continued to rank the reports exceptionally well. Search for a given business, and if there is a report written on it, chances are the link will appear on the first page.

    Yahoo and Microsoft’s Live search engine have begun handling the reports differently. MSN won’t list Rip-Off at all in its listings, and the visibility on Yahoo is a mere five percent. Compare that to 91 percent visibility on Google and you can see why Rip-Off gets the traffic that it does.

    According to results culled from Compete.com on April 14, 2009, Rip-Off receives nearly 3 million unique visitors a month! To put it in comparison, Fox.com gets 3.36 million unique visits a month. That means nearly as many people are viewing the company-bashing reports on Magedson’s site as they are catching up on the latest episodes of House, Family Guy and American Idol.

    This kind of traffic is what continues to give Rip-Off “relevance”. How much relevance can be gleaned from learning about a supposed case of adultery in Minneapolis is to be determined (link). The company openly states they will not investigate the validity of the claims – unless you want to join their “corporate advocacy program” and pay a hefty fee.

    I suppose you can call this something other than extortion, but I’m afraid my antonym finder is broken at the moment. Until the laws are changed or Magedson slips up, the only thing to do if you find your business on the site is to create your own quality content and hope Google sees the error of their ways. At least you won’t find much about R.O.R. on Yahoo or MSN.

    **All of the links to mentioned [redacted]s are nofollows.

    By: Zack S.
    Share and Enjoy:

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    Tags: Ed Magedson, Rip-Off, [redacted], ROR

    This entry was posted on Tuesday, April 14th, 2009 at 12:34 pm and is filed under Blog Posts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

    -2 Votes
  • De
    debie101 Aug 08, 2009

    The following is a list of the criminals* allegedly behind the EZBC and Rip Off Scheme. (BEIC) will continue to say allegedly until each of these criminals has been convicted in court for their involvement in this scheme.
    *Note Ed Magedson and Amr Elgindy are convicted criminals but Henry and Karen Stricker while currently fugitives from justice have yet to be convicted of a crime.

    Convicted Criminal - Ed Magedson More Ed Magedson News
    Internet Hate Sites


    The main architect of the Rip Off portion of the scam is petty criminal Ed Magedson. Magedson started his criminal career in Florida in the early seventies. After several arrests and after he spent some time in Prison for check kiting Magedson left Florida ahead of a current warrant (A call to the Florida probation department will verify that there is a 25 year outstanding warrant for his arrest) Magedson disappeared and went out went out west.
    He spent the next 20 years being a type of evangelist preacher against corporate America. It was when the internet gained fame that Magedson started his Rip Off Scam. Trying to set himself up as the "good guy' against the evil corporate America, Magedson began badbusinessbureau.com and ripoffrepoert.com.
    To hide from lawsuits, Magedson has incorporated Rip Off on the Caribbean island nation of St. Kitts and Nevis in the West Indies
    Alyon Technologies said in a statement last August that it sued Magedson in the West Indies and obtained a $10 million default judgment against him. Magedson brags he has yet to pay Alyon any money.

    Convicted Criminal - Amr Elgindy More Amr Elgindy News
    Strike The Root

    BusinessWeek Online


    Amr Elgindy has a long criminal record that started when he was 18 years old. This is not the first time that Mr. Elgindy has posed as the "good guy" for a profit (he is currently under indictment for a similar scheme). The following is a profile of the mastermind behind the scheme.
    Before the million-dollar homes and flashy cars, Mr. Elgindy was struggling to make his mark in a new world after his family Immigrated to the suburbs of Chicago when he was 2 or 3.
    From an early age, he had trouble living up to the high expectations his family set, he told friends. His father was a professor, his mother was a pediatrician; his two brothers went on to earn advanced degrees, and a sister became a teacher. His own path, he conceded, was more tortured.
    He dropped out of high school and got an equivalency degree in 1985. He enrolled at the University of Southern California to study biomedical engineering and later studied biology at San Diego State, but he completed less than two years of course work, university records show.
    Trouble found him early. In 1986, at 18, he was arrested for assault with a deadly weapon in Los Angeles; the charges were later dropped. He worked as an auto salesman at three different Chevrolet dealerships within a year before entering the murky world of buying and selling penny stocks.
    His resume includes some of the most notorious brokerage firms in the industry, the "pump and dump" shops that had long histories of manipulating stock prices and leaving investors out in the cold. Among these firms he joined, now defunct, was Blinder Robinson, nicknamed "Blind 'em and Rob 'em."
    Mr. Elgindy later confessed to the authorities that he and brokers at another firm had accepted bribes from stock promoters seeking to manipulate shares. According to court records, in 1995 he was granted immunity in exchange for information about the scheme.
    With his cooperation, federal prosecutors won convictions against four people on tax evasion charges. That was the beginning of Mr. Elgindy's life as a government informant, documents show. At a time when Wall Street was overrun by penny stock fraud and even the influence of organized crime, he helped government agents navigate the terrain. In court, the government has acknowledged that his tips were valuable.
    Mr. Elgindy, who moved to Texas in 1994 to run his own brokerage firm, liked to boast about how he began wearing a wire. He also started carrying a gun, a small .380 Colt, because he had been repeatedly threatened, he said. When reporters visited his home, he would play tapes of secretly recorded conversations and show off his gun collection.
    By the late 1990's, Mr. Elgindy had repackaged himself as a short seller who blew the whistle on crooked companies and wise guys. He was mentioned in a 1997 Business Week article about corrupt brokers. He was also written up in Wired magazine and featured on the Discovery Channel program "Justice Files."
    Though many journalists were suspicious of Mr. Elgindy's motives, his information was often useful and provocative to them.
    Bill Alpert, a longtime reporter at Barron's, the financial weekly in New York, remembers visiting Mr. Elgindy in 1996 at his home in Fort Worth and seeing stacks of cassette recordings he had made with people from the underbelly of Wall Street.
    By then, Mr. Elgindy was driving a Ferrari and living comfortably in a home decorated with statues on columns, draped in velvet.
    "Everyone in his family was accomplished, an achiever, and he'd gone astray, " Mr. Alpert said. "But by helping the government and helping get swindlers, this would help redeem him."
    When stock trading moved to the Internet and day trading became a fad, he moved his soapbox to the Web. On popular sites like Silicon Investor, an online stock forum, he plied his trade with great bravado.
    He later set up a Web site and sold tips for a $600-a-month subscription fee. Few complained about the price.
    "Most of the people on that site were doing 20 to 30k a week -- what's 600 bucks/mo., " one fan, who called himself Tool Dude, wrote in a recent post on the Silicon Investor site.
    As early as 1997, though, Mr. Elgindy began to run into legal troubles. He had worked briefly for Bear Stearns in 1994 and later lost a civil suit over his firing by that firm. He was also sued by the insurance company MassMutual, which accused him of fraud for accepting disability checks worth $7, 500 a month in 1994 for unemployment attributed to "emotional stress" even though he was employed at Bear, Stearns and another brokerage firm at that time.
    That case was referred to the Justice Department and in 1999, while living in San Diego, he was indicted by a federal grand jury in Texas. He pleaded guilty to insurance fraud and was sentenced to four months in a California prison.
    When he was released in October 2000, Mr. Elgindy resumed his position as a prominent short seller on the Internet. He also began assisting the government in investigating cyberspace scams, he said.
    His case was supported by a letter from Jeffrey A. Royer, an F.B.I. agent in Gallup, N.M., who said that Mr. Elgindy had "gone above and beyond to assist law enforcement and civil regulatory agencies in combating fraudulent activities."
    The F.B.I. now says the letter, which was undated and not on official letterhead, is suspect. "It is highly unlikely that as an agent Royer worked on any significant white-collar cases in Gallup, " said H. Douglas Beldon, an F.B.I. spokesman.
    Indeed, by the time of that letter, the Justice Department had opened an investigation into Mr. Elgindy's activities. After Sept. 11, the government said, a Wall Street broker told federal officials that Mr. Elgindy had tried to sell $300, 000 in stock in anticipation of a market plunge. He placed his order on Sept. 10.
    As part of that inquiry, the government said it uncovered a broader plot that involved Mr. Royer, who had left the F.B.I. in December to work for Mr. Elgindy.
    In a 33-page indictment handed up over two weeks ago, the government portrayed Mr. Elgindy as a con man's con man. For the last two years, the government contends, Mr. Elgindy led a double life: He told people he was helping the government uncover stock market manipulation, but instead, the indictment charges, he was bribing F.B.I. agents to supply him with information to commit his own frauds.
    Mr. Elgindy and four others, including Mr. Royer and another F.B.I. agent, were charged with obstruction of justice and securities fraud. They have all pleaded not guilty. Mr. Elgindy's lawyer, Ms. Knight, declined to comment except to accuse the government ofusing a "race based" notion to deny Mr. Elgindy bail.

    Fugitive - Henry Stricker Fugitive - Karen Stricker More Henry Stricker News
    U.S. Postal Inspection Service

    I.B.B. Wanted


    More Karen Stricker News
    R.I.A. Wanted

    I.B.B. Wanted


    If you are forced to flee the scam rich potential of the United States, the internet becomes the perfect way to access victims. Below is the history of the husband and wife team that is instrumental in the plot.
    From 1983 through 1989, Henry Stricker and his wife Karen, operated out of Los Angeles, California, perpetrating nationwide fraud. Numerous victims were induced to buy outlets to sell merchandise display racks. But the purchasers never received the promised outlets and were defrauded of more than five million dollars.
    On December 3, 1992, the Strickers were indicted by a federal grand jury on thirty counts of mail fraud, wire fraud, interstate transportation of stolen property, false statements to a government agency and obstruction of justice. Both of the accused failed to appear for trial and subsequently fled the U.S.

    -2 Votes
  • Ji
    jigga1 Aug 12, 2009

    All anyone wants VOOBON to do is list A deal they have closed.

    3 Votes
  • Pr
    Private_Anonymous Aug 19, 2009

    Mark has been assigning his employees to come back and write positive comments on these boards! Any positive remark you see has been written by an employee that was FORCED to do this!

    This company is going down. Mark is the lowest lifeform on the planet.

    3 Votes
  • Uk
    UKinvester Aug 24, 2009

    HEY ALL THESE COMPLAINTS WOULD STOP IF ANYONE EVR COULD COME UP WITH JUST ONE, JUST ONE LITTLE TEENY TINEY COMPANY THAT HAS EVER HAD THE INVESTMENT THAT THE PRESS RELEASES SAID WERE DELIVERED. ANYONE? ITS NOT ASKING MUCH REALLY IS IT BUT VOOBONS DAYS ARE NUMBERED THE PRESS WILL GET THE STORY SOON VOOBON YOU MESSES WITH THE WRONG PEOPLE THIS TIME.

    2 Votes
  • Uk
    UKinvester Aug 24, 2009

    Kind message to the staff at Voobon, I would take your vacation as quickly as possible or make sure you are paid for it this is not a gripe at the staff the overall pawns in this game. So get any outstanding pay accrued dont let him steal from you too.

    2 Votes
  • Pe
    pels Sep 15, 2009

    So who has the next update with Voobon? Seems real but like to know a funding

    0 Votes
  • Ga
    ga1111 Jan 13, 2010

    Sadly it appears as if voobon and the orlando people are frauds. No one was ever funded not one single company.

    2 Votes
  • Da
    David Berger Jan 18, 2010
    This comment was posted by
    a verified customer
    Verified customer

    Former Employees,
    Please contact me, I can help you guys. My Name is David Berger. I am an attorney practicing in the Metro Atlanta Area. If you want to take a real action, please contact me at
    [protected]@yahoo.com

    I can’t wait to see you guys soon!
    I’ll do it for FREE.
    I’ll get my money from defended

    1 Votes
  • Uk
    UK Investor Feb 03, 2010

    It seems his associate companies have closed and staff laid off see twitter for his fasion magazine. His funding company in Orlando does not exist and was fronted by a convicted fraudster when it was used in the Gridline Investment that HAS NEVER HAPPENED. His new web site which keeps going down does not mention his offices in new youk las vegas and london because THERE NEVER WERE ANY OTHER OFFICES. and his staff have mostly been laid off. He still has some small investors that he still strings along and they keep giving him more and more fee money because they feel they have given him so much they cant give up now. WELL GIVE UP NOW AND TELL YOUR OWN INVESTORS THAT YOU HAVE NOT DONE YOUR HOMEWORK AND HAVE LOST THIE MONEY.

    NOW WILL SOMEONE IN THE USA JUST GO TELL THE POLICE AND GET THIS MAN SHUT DOWN ONCE AND FOR ALL

    2 Votes
  • Po
    poplckndrp Feb 11, 2010

    I worked for about one month with this company here in Atlanta back in 2008 and was cheated out of what I was owed as my hourly wages also. They fired me and refused to pay me. I knew they were up to no good and that everyone associated with the company was full of it. Not surprised with all this information I'm learning about this place right now.

    1 Votes
  • Pr
    Private_Anonymous Mar 15, 2010

    Take it from an ex-employee who has been there and experienced Voobon and its inner-workings: this business is fraudulent, and Mark Shariar is a con artist. He has multiple "companies" that are reported to the IRS, yet most of them do not receive any income. They are TAX SHELTERS. I am sure the IRS would love to get their hands on him!

    Any positive posts you see on this website or any similar site have been posted by Mark or one of his employees. He assigns employees to write positive reviews to try to recover from his bad reputation.

    Mark makes the mistake of treating his employees incredibly poorly. He is often verbally abusive, and his behavior is erratic. He is suspected of drug use, has brought prostitutes to the office, and he has even solicited job candidates for sex. When finding that out, it makes sense that he is constantly "interviewing" job candidates. Not only is the turnover rate so high, because why would any self-respecting person want to work for this horrible excuse for a man, but he likes to feel a sense of authority. It would be fair to say that out of every 100 interviewees, perhaps only one person will be offered a job. It is not because he is incredibly picky, but that he is constantly interviewing. He also chooses his female employees based upon their appearance, and who often chosen an attractive female over a more qualified and less attractive female. Take a look at Yahoo Hotjobs and see that Voobon is constantly "hiring" for administrative positions. Mark will only interview women for administrative positions, because according to him, "women do a better job at admin". This is also convenient as it allows him to have an excuse to invite young, unknowing women to his office so he can potentially solicit them.

    In addition to his highly inappropriate professional behavior, he also breaks department of labor laws. Often times on pay day, Mark would suddenly have to go out of town. Not only would employees not receive their checks on time, but often their checks would be over a week late. In November, the majority of his employees were excused. He waited until he could no longer afford to pay them before letting them go. Many of them are still waiting to be paid for their wages earned last year! He also punishes employees that quit by paying them what he calls "minimum wage". However, the wage they receive is often not even the legal hourly minimum wage required by law. He claims he has the right to do this because they have not given two weeks notice, when in fact these employees did give verbal/written notice and he chose to ignore it.

    Mark will continue to treat people like this until he is forced to stop by law. The problem is that so many people have let him get away with it in the past that he thinks he can continue to do whatever he wants, with no regard for anyone but himself.

    These financial problems explain why their website goes down. It is because he does not pay his server. Why would anyone want to do business with a man that is so ethically and morally bankrupt??

    2 Votes
  • Ni
    nikki56 Nov 04, 2010

    I went in for an interview around a month ago now, went back for a second interview where I performed an assessment for my graphic design skills on their software. I have been calling on the status of my assessment for over two weeks now. Hmmm I'm wondering how many others may feel they gave Voobon nearly two hours of their time and 5 design ideas for nothing only to have Voobon use the designs not have to pay the interviewees anything AND never offer them a job. I've been getting the run around how Mark has been out of town and hasn't reviewed any assessments yet. HMMMMM I'm thinking they had an interviewing spree for graphic artists just to steal our ideas and have inspirations to use for their own campaigns for months???????

    0 Votes

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