Monday, October 18, 2010

Paul Petrea's new scam.

Paul Petrea “aka” Woody Paul Petrea SR, Woody Paul Petrea with no SR, Woody Petrea, born June 26,1966 in the state of Giorgia USA.

"I take what I have done to move here, and to continue to live here from the age of 34, very seriously. I have lost an income here not once, but twice, yet continued to stay. How many others can say the same? I just wait, because something always sorts itself out for me, somewhere along the way".  
(Paul Petrea's statement in his forum living in Cebu)

Paul Petrea's new scam.
 Paul Petrea's new scam.
Indeed, something sorts itself out today. 

While I was preparing a long overdue update on First Sergent Mike Farrel, a key figure, (After Gordon Elletson) in Cagayan De Oro sexpat community, I was alerted by a friend on a topic Paul Petrea started in his own forum under the title  
"Payroll loan prospect for investors 5% / month, 60% / year".

here is a screenshot of what he asks: (you may have to click on to enlarge the image)

Paul Petrea's new scam.
Philippines Sexpats wall of shame: Paul Petrea's new scam.
Sounds familiar? For many yes, for others, we need to inform them before they leave their last T-shirt in the Philippines and be repatriated to their Embassy expenses.

The original thread in living in Cebu forums  is here. It has 13 pages and I have saved them all. I will direct you to his (original) thread until he decides to do what he usually does under similar circumstances, that is erasing the entire topic, manipulating postings by editing as fit, spying on your private message box.  
He has erased it, folks! Gone! too compromising for him and his others low life cohorts.

Anyway, back to today's subject, the topic stirred a bunch of controversy in his forum and Paul Petrea decided to keep all communications and request for information out of the board, all you see, is "PM me" "I sent you a mail" "I'll call you tonite" Yes Folks.. It smells bad. 
Paul Petrea's new scam.
Philippines Sexpats wall of shame: Paul Petrea's new scam.
Below is another excerpt of the type of postings and comments. Click on the image to enlarge it. 
On this one, member JTS expressed a loud opposition to this scam and Paul banned him. As usual with anyone disagree with him. Paul did it in the early days of the topic hoping to intimidate other prospective critics but he failed. The mounting criticism among the members forced Paul to make it a "Sticky" thread (His own label).

Reader, in a moment I will direct you to the thread where you can get the picture right from the source. But first, see the last screenshot of Paul's comment that will follow my final comments.
Paul Petrea's new scam.
Paul's reputation? look what his ex-wife JJ had to say.
The original page of the statement is here and you can read much more about his reputation. Just small potatoes compare to other threads about him on the net.
Philippines Sexpats wall of shame: Paul Petrea's new scam.Folks, you have been warned countless times about financial scams in the Philippines don't you? And you think is only Filipinos the con artists? Think again! 
Many foreigners are depending on, be for enrichment or for survival, as the case of Paul is, ever since America said enough is enough living on taxpayers money and kicked him out of disability. 
Are you that fool to believe that Paul does this to help a friend and at the same time helping Filipinos to borrow at 5% monthly interests as opposed to those other sharks charging 20%? 
Time for a big fat laugh a la Gordy lol!  Bwahahahah!!!
(FYI this type of laugh is copyrighted by Gordon Elletson requiring special permission to use it...)

Now, one may ask: Have you lent any money to Paul and he did not return it? The answer is NO. Do you know someone who gave money to Paul and did not return with the interest as promised? The answer is again NO. So why am I writing this page? Just to piss him off? No, my friends.

In the very recent years, 1 or 2, we have seen the get rich fast financial scams flourishing around the world in an unprecedented numbers and sophistication as never before, the US and the Philippines wearing the crown. Famous crooks, like Bernard Madoff, the Legacy and Rural banks and others didn't build the Ponzi scam overnight. They did not squeeze their first customers preferring to be punctual and even more generous than they initially promised thinking they will be their best publicity instrument in the future, their testimonials and the singing of the fat lady will be the talk of the town. And we all know the rest of the story.

Paul Petrea is walking the same path. Investor, don't worry, you won't be scammed, not yet, with the reputation, Paul has he needs a lot of testimonials to build his integrity and counts for that on the first investors to scream it out as loud as they can. Please keep in mind that he started "small" and suddenly decided to go XXXL. In the first 4 pages of the thread he's talking about a "ticket" of 60,000 pesos, he repeated the number times and again, then went on to raise it to 6,000,000.00, that is six million, with an M. 
We don't know how many lucky fools he has already found, yes, lucky, because these will see some money for the reasons I stated above, but beware when the jackpot will get fatter. Because no scammer will be happy to see again his photo been in a jail for a few hundred dollars. It got to be more than that. He said that, not me.

Please, go to his forum and slap this ass right there... In his own turf!... As some have done already. Go through the pages below and read. 
There isn't any friend behind this scam, is just him, he invented the "friend" to avoid troubles doing business as a foreigner in the Philippines. He doesn't help poor people, as he said, to borrow at lower rates. He's helping himself by making poor people poorer. If they have a stable job and income they can find money with lower interest than 5%. Remember: You -the lender- get 5%. What interest he charges to the victim? At least 10%! A month! Talk about philanthropists lol!!! 

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MONDAY OCTOBER - 25 - 2010

Paul Petrea has now closed the topic in a very discrete way, meaning, "do it without saying it." Here is the link to the last page  of the thread. He will try to screw you through private solicitation mails, he will never publish complains and bad experiences, we'll never know how many of you have been screwed.  Yeah, I know... some kiss asses and fake customers will come forward and scream the "happy campers" thing but don't believe a damn  word of this crook and his cohorts. 

Folks, once again, there isn't a friend behind this scam. It's only him. He invented the friend to blame somebody else when your money will vanish "a la Legacy Bank style." The screenshot below is taken from his living in Cebu forums and illustrates perfectly who the "banker" is.

Paul Petrea's new scam.

He didn't go through all that because he loves the PI that much as he says, but because he can't go back to the USA, he has "some problems" there. The Proof is that when he was deported out of the country in 2006 he chose to go to Australia instead of the USA, that could make more sense.

Paul Petrea's new scam. End of the story... Good luck investor!...