![]() Date: 2024-08-16 Page is: DBtxt003.php txt00004063 | |||||||||
Energy ... and a SCAM | |||||||||
Burgess COMMENTARY But, it turns out that this is a well orchestrated SCAM. I was not able to obtain any validation of the claims being made by 'Matt Peterson' getting only the simplistic response 'send the business plan'. When it turns out that all the details are going to be 'filled in' after we have travelled to the Middle East, I was pretty sure this was a scam. When I researched the email address and could find nothing of substance AND the major firm Emaar was warning of scams, I was 100% sure of the SCAM. I have been exposed to scams originating in West Africa. The Nigerian 419 scam is well known, but there are others that are very similar to the scam identified here. The critical step is to get the person physically in the country where money becomes necessary every step of the way to eventual ... but never to happen ... funding.
Thanks to the major company Emaar for their part in making this scam visible. Thanks.
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LinkedIn
Thank you for connecting me on Linkedin. I am from E & I Investment Group. We are located here in Dubai UAE.I have gone through your profile and believe we have a lot in common which we can achieve.i am open to having a good business relationship with you. The business cooperation we are looking at is Investment funding.We can fund your projects as a soft loan at 4% ROI for up to a period of 15 years if desired.we are currently handling debt financing projects.Do reply if you have need for our investment funding facility for further details. Regards, Matt Patterson Peter Burgess has sent you a message. Date: 2/05/2013 Subject: RE: investment funding Dear Matt, Thank you for your recent message. I got it about 15 minutes before I had to get engaged in a house move, and was without decent communications (Internet, telephone. etc.) for a few days. I am surfacing again and getting back to a new and better normal. As you will see from my LinkedIn profile and other material that turns up on the Internet, I have an unusual background ... some engineering, some economics, some corporate management accounting and some project planning and evaluation in both the private and public sector. I 'Articled' with Coopers and Lybrand in London a long time ago! You have probably figured out that I am way beyond the end of my formal career. However we are in a time where science and progress in some fields gives me great optimism for the future albeit while much of leadership in politics and business gives me nightmares. My primary 'agenda' is to develop and promote what I call TrueValueMetrics ... a system of Value Accountancy that complements money profit accounting and makes accounting and reporting for social impact routine. Most of the elements are already used in high quality project and investment analysis anyway ... so in some ways it is not such a huge jump into the unknown. With respect to some form of collaboration with you and the E&I Investment Group ... what might be of most 'value' to you (your company), me (my agenda) and society at large. Can you give me some examples of what might be of interest to you. I am very much aware that many projects that are modestly profitable but of huge social value are turned down while projects that are more profitable but result in social value destruction get funded. Access to alternative sources of financing can change this. For example there are going to be many initiatives for rebuilding after Superstorm Sandy but few will be done in financed in ways that enable them to be 'built back better' because patient capital is not available. With respect to 'green energy' initiatives in both New Jersey and New York there are interesting incentives that can be available for qualified projects. . Any thoughts? What would work for you? I have an open mind. Sincerely
Peter Burgess
Matt Patterson has sent you a message. Date: 2/05/2013 Subject: RE: investment funding Dear Peter Burgess , Thank you for your reply and interest on our project funding.We are currently funding projects at 4% ROI and we are currently handling debt financing projects.We do not have any major area for funding.We fund projects after the careful study of the business plan to know the exit strategy.We will be interested to fund your project at 4% ROI.Send us an email with your Telephone number for more comprehensive answer by my team.Also send the business plan for review and possible funding. Email: mathpatterson@emaarinvestmentgroup.org Regards, Matt.
On 02/04/13 8:06 PM, Peter Burgess wrote:
Peter Burgess Feb 14 (2 days ago) to mathpatterson, bcc: me Dear Matt Thank you for your message from February 5. I must apologize, my move has been quite disruptive, but I am now emerging from the chaos and getting back to a more reliable routine. As you may have picked up from President Obama's State of the Union address on Tuesday, there is a renewed priority to support energy related initiatives in the United States. This already in progress in many States and I am optimistic that this will accelerate. My contact telephone number is (1) 570 431 4385 a landline ... my cell is 212 744 6469 but connectivity in Bushkill PA is horrendously unreliable. My email is peterbnyc@gmail.com I am collaborating with a firm ... Better World Building Technology (BWBT) ... that works in the energy efficient building sector, and has a pipeline of projects mainly in New Jersey and New York where financing of your type could be very interesting. A big part of the work is retrofitting energy saving components into existing buildings ... mainly commercial. The project ROI for these energy related projects is attractive based on the current state of technology, the current energy pricing and the encouragement (subsidy) from Federal and State authorities. The ROI changes depending on the tax status of the parties. Many projects in the energy efficient building sector are going slowly because there is a 'hang-up' in the area of construction or project financing. We could solve this problem by either (1) financing the equipment installation, (2) financing the total project (via the entity who is the ultimate owner of the project) or (3) establishing a financing arm associated with BWBT. It looks like a typical commercial project will be around from $3 million to (say) $15 million, and the projects can be replicated once the process is established. If you and your team can guide us here a little bit on what might be the best for you, we will incorporate this into a reasonably formal project / business plan. BWBT is already drafting their end of an upcoming project which I should have by the weekend. With regards Peter Burgess mathpatterson@emaarinvestmentgroup.org 7:07 AM (2 hours ago) to me Peter Burgess, Send us the business plan and executive summary for our review and possible funding. Matt. mathpatterson@emaarinvestmentgroup.org Feb 16 (9 days ago) to me Peter Burgess, Send us the business plan and executive summary for our review and possible funding. Matt. Peter Burgess Feb 19 (6 days ago) to mathpatterson Dear Matt Am I right, that the CEO of your unit is Mohamad Saeed Al Raqbani? My work on a business plan financial model for your review is progressing well. I have a meeting tomorrow, and hopefully most of the loose ends will come together then. Things will go better if I do not have to spend time explaining the 'bone fides' of you and your group! Thanks Peter mathpatterson@emaarinvestmentgroup.org Feb 19 (6 days ago) to me Dear Peter Burgess, Do send us the business plan and executive summary once they are ready for our review and possible funding. Regards, Matt. Peter Burgess Feb 24 (1 day ago) to mathpatterson Dear Matt
A draft of a business plan including an executive summary has been uploaded to the following URL
A draft of a separate executive summary has also been uploaded to the following URL I would be happy to discuss at your convenience. The financial projections are made based on a spreadsheet model that we can use to generate a range of different scenarios. The model uses month by month parameters for a period of 5 years. A slightly different version of the model is needed to do the projections for 15 years which I believe would be very useful. I hope this is helpful Sincerely Peter Burgess
Peter Burgess investment funding mathpatterson@emaarinvestmentgroup.org Mon, Feb 25, 2013 at 1:15 AM To: Peter Burgess Dear Peter Burgess, My team has also gone through your business plan and I wish to inform you that we are willing to fund the project. We would fund your project as a debt financing at 4% ROI for a duration of 4 year or more provided that you would have a good security to act as the collateral for the funding. To secure the funding,you will need to make available these details for the term sheet to be issued for signing,
If you have any questions, kindly revert back for answers. Regards, Matt Open a pdf of the EMAAR_ANNUAL_REPORT_2011 Open a pdf of the Press Release about Emaar FY2012 Results
ATTENTION People and/or entities unaffiliated with the Emaar Properties PJSC are trying to pass themselves off as Emaar employees or affiliated with Emaar. They were fraudulently using this domain name to solicit investment funds until January 23, 2013. This website has been legally acquired by Emaar by virtue of NAF UDRP decision FA1211001472933. Any communications from this domain name prior to January 23 should be considered fraudulent. If you have been contacted by people representing themselves as Emaar employees or affiliates, please contact Customer Care at customercare@emaar.ae. With reference to the possible fraudulent use of http://www.emaarinvestmentgroup.com
Peter Burgess
Dear Colleagues
I have seen the following on the Internet associated with the domain name http://www.emaarinvestmentgroup.com/
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People and/or entities unaffiliated with the Emaar Properties PJSC are trying to pass themselves off as Emaar employees or affiliated with Emaar. They were fraudulently using this domain name to solicit investment funds until January 23, 2013. This website has been legally acquired by Emaar by virtue of NAF UDRP decision FA1211001472933. Any communications from this domain name prior to January 23 should be considered fraudulent.
If you have been contacted by people representing themselves as Emaar employees or affiliates, please contact Customer Care at customercare@emaar.ae.
I have been in communication with an email account that uses the domain emaarinvestmentgroup.org/ but no website associated with the domain.
Is this part of the scam that you refer to, If it is, what would you like me to do in order to help
Peter Burgess
Emaar Customer Care
Dear Peter Burgess,
Emaar Customer Center
Location : Emaar Square, Building 2 – Ground Floor, Downtown Dubai
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