Alpha University

Victim Location 15237

Total money lost $39,000

Type of a scam Investment

I met Chris through a close friend that told me he was 2 years into investing on the stock market but betting against it rather than for it. I initially met with Chris when he was running a company called Kings of Capital LLC. ran out of Pittsburgh. When we first met he told me about his years of experience in the industry and how he was making others that are already investing with him enough money to buy their own houses out right. I did not believe him at first but he backed up the proof by showing me paperwork on how much they invested and how much they got back in a short period of time. After a couple times speaking with Chris I was ready to invest In what he was doing. After about a week investing, he asked me to move into my house because he was no longer getting along with his parents. I willingly said yes and both agreed to rent every month of 300 dollars. When he first moved in, I would come from work and he would tell me how great the stock was doing that day and assured me through words and paper forms that my investments were going great and there was nothing to worry about. This went on for the first couple of months and I thought everything was fine. Skip ahead a few months and Chris asks me for a large loan of $25,000 dollars. At the time I had just gotten out of the Marine Corps and was working as a laborer for a landscape company and had no way of helping him out with this amount of money. When asked about the reason he needed such large amounts of money his response was he needed it because he had information that "something big" was going to happen, and did not tell us much more. My father heard his cries and lent him the money on a few conditions they had worked out between them two. A month later when it was time to pay back my fathers earnings, Chris gave my dad a signed check for $28,500 that came back ‘Insufficient funds’. This was the beginning of what has been almost a three year trial. We have recently found out that the money lent from my dad was to pay off another guy who had invested in what Chris was doing only a couple months prior to us. He is now in debt to me and my father for a little under $40,000. We are currently in court and he has been late to every single meeting we have had and shows no intent to pay us back yet. He lied under oath in our first time at the court house, and will step in front of the judge in May as of now.