Wolfe Capital Group

Wolfe Capital Group will sweet talk you into investing with them but you will never see returns

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Published: 21 August 2017

Posted by: Bernice G. Jaime

There are some people who will pay for all that they do in this life. They will be judged rightly when they pass from this world. We all sin, but to rob someone of their money when they are incapable of defending themselves and then flaunting it and using it for your own good is something else. If you prey on the defenseless then your punishment will be severe indeed. I am a 73 year old woman. I am a widow. My husband passed away in 2009, and I have been living by myself since then. We had a pension account that we jointly owned. I wanted to take money out of it, but people kept warning me against doing that because apparently once you take the money out of there, it becomes taxable.
I had no idea how the laws worked, and I mostly relied on help from others when it came to these things. My daughter and her family checked in on me every once in a while, and handled my finances as well, since I didn’t go out much. They were going on vacation in the summer of 2015. I was going to be home alone for a couple of weeks. She was worried when she left, but I told her I’d taken care of myself for 73 years and that these two weeks would be no different. She wasn’t convinced, but she went anyway. I was wrong. I was preyed upon.
On the 24th of June, I got a call. I picked it up, thinking it was my daughter. But it turned out to be someone from Wolfe Capital Group. I had never heard of that company before, and I had no idea why they were calling me. I don’t remember the name of the guy who called very well. His second name was Wolfe. He was the owner of the company. His names was James, I think. Or was it Jack? I don’t remember. I was surprised at the turn the conversation took. This man knew that I was over 70 years old. He told me their company dealt with investments. He asked if I would be interested in making an investment?
My answer should have been no right away, but I hesitate just long enough for him to latch on. He asked if I knew how investments with companies like theirs worked. I honestly told him I didn’t. He said that I would be required to take money out of my pension account and send it to him. I asked him what he would do with the money, and he said that he had a lot of projects that were waiting for investments like mine, and that my money would be used for a good cause. I said I’m all for donations, but how can you call this an investment?
He laughed and said that he wouldn’t keep all the money. He said he would keep a part of what I sent him and use that for his projects and that he would send most of my money back to me so that I could keep it accessibly, without worrying about having to pay tax. It sounded great when he said it. Here was a solution to the question I didn’t know how to solve before!
So I sent him $80,000 a couple of days from the account. He had given me the details of where to send it and things like that. I sent it to him, and he told me that he would contact me once things were worked out. He even told me I could choose to look at some of their services and products if I wanted, instead of the money. I didn’t say anything to that.
After a week, I hadn’t heard back from him. I was starting to get nervous. When my daughter came back home and visited me, I told her what had happened. She got really flustered and told me that I had been scammed. I didn’t want to believe her. She tried to contact the guy at 702 982 5226, but he never picked up. I lost a huge chunk of the money that was supposed to see me through difficult times, just trying to evade tax. I don’t know what made me do it, without talking to my daughter about it and asking her what she thought. I feel so stupid and small, thanks to Wolfe Capital Group.

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