Caught in Vitala’s scam spiderweb

Caught in Vitala’s scam

The first striking remark is that although Vitalagroup scam company advertises ” no upfront fees” , contracts ( here below copy of the financial agreement for Maghreb inbox plant ) state – mobilisation fee ( whatever that means)  will be 35% of the total contract fee of 398 000 US$

WAOW ! Expensive for a “no upfront fee promise !

vitala  scam application form pretending "we charge no upfront fee"

vitala scam application form pretending “we charge no upfront fee”

In fact, Big Bad Wolf Vierich astute trick is to charge these fees for ” feasibility studies. Now remember Big Bad Wolf Vierich’s Vitala group states: no loan will be asked for  before studies are double checked by Vitala Group ! 

This is how and why they capture customers, luring them into thinking the  Vitala feasibility Studies will be of such a good quality that they guarantee the loans will be automatically accepted but the banks.

As explained in our previous article here,  this condition should be considered as perfectly illegal ( in french, this what is called a not written deemed  Clause in a contract, clause réputée non écrite), because Vitala group can not be both judge and party.

maghreb-inox-payments-dates-algeria-steel-plant-saad-boudemagh-5

“no upfront fee” Maghreb inox payments scheduled by Vitala Group international scam Company and Big Bad Wolf Vierich conman, scamming Saad Boudemagh Group

vitala-contract-fee-algeria-steel-plant-saad-boudemagh-6

details “no upfront fee” Maghreb inox payments scheduled by Vitala Group international scam Company and Big Bad Wolf Vierich conman, scamming Saad Boudemagh Group

magherb-inox-vitala-scam-group-saad-boudemagh-victim

Maghreb inbox Vitala scam group agreement ripoff versus Saad Boudemagh group

So as explained in our previous article, Vitala  and Saad  Boudemagh’s Group  sign a contracts on december 2014,  for Algeria RELIZANE  MAGHREB INOX PROJET plant and  for Ouargla cattle farm.

And  from this very minute, Big Bad Wolf Vierich keeps insisting on the facts that only documents approved but his team can be sent to lenders, because vitala group will stand as a backup guarantee. THIS IS THE VITALA SCAM SPIDERWEB

Well one should also notice this line in the contrat : Vitala should never be a partner… but as the story goes it did indeed become a partner later on ! Breach of contract !

Algeria steel plantSaad boudemagh : Vitala-cannot be a partner

Algeria steel plant by Saad boudemagh : Vitala-cannot be a partner`

 

23/12/2014 : Ouargla  signed contract specificly insists on the fact tant Big Bad Wolf Vierich will finance the project before october 2015, prove idea the loan is accepted by Algeria Central bank.

financial agreement Ouargla vitala scamming Saad Boudemagh's group

financial agreement Ouargla vitala scamming Saad Boudemagh’s group

here below, again, you can check that Vitala group scam company  “no upfront free” is indeed the equivalent of 169 000 US$ contract fee + 7 X 44 000 US$ monthly fee

Ouargla contract Vitala scamming Saad Boudemagh fees and charges details

Ouargla contract Vitala scamming Saad Boudemagh fees and charges details

29/12/2014 : Big Bad Wolf Vierich insists he wants to add more land to the Ouargla  project

31/12/2014 : Saad Boudemagh’s Group sends press releases about the difficult situation in Ouargla, farm land wise.

06/01/2015 : Saad Boudemagh’s Group underline how urgent and important it is to respect deadlines for the loan.

09/01/2015 : Saad Boudemagh’s Group receive first invoice from vitala Group

12/01/2015 : payment of the first invoice is confirmed by Gibraltar bank on the personnel account of Wolf Vierich

Then months after month  payments are done on Vitala Group international scam bank account.

11/05/2015: Vitala Group proposes to become legal advisor for the Ouagla project, just  as thyy did for  Maghreb Inox.

30/09/2015: Vitala Group scam company ask for a certification  of Mr Boudeamgh’ s personal fortune, though they insist on their website FAQ that this will never be asked for.

10/09/2015:  Saad Boudemagh’s group decides to stop all negotiations and work with vitala group international scam company for  MAGHREB INOX and Ouargal Farming project

Then follows a long and cumbersome list of negotiations which finally ended for Saad Boudemagh’s Group loss of 1.1 millions US $, which lead to the denunciation of Vitala Group Scam in front of Algerian authorities

All ot  the feasibility Studies  provided by Vitala Scam Groupo soon appeared to be complete unprofessional and useless

 

 

 

deadline were never respected

27/08/2015 :  Saad Boudemagh’s Group and insistedtaht october 2015 was definitely deadline to stras the works  and they had put   700,000, 00 US$ of their own money in advance of the loan witch was suppose dot arrive in december

02/09/2015 : Saad Boudemagh group asks Vitala how come all the proposed loans were croockery.

 

10/09/2015 : Vierich declare he is wealthy ( mind you ! ) ; Vitala sends another fake loan proposal also crockery .

Here below copies of the accountant study demonstrating that Vitala Groupo feasibility studies if full of inaccuracy, making them absolutely unreliable.

Remember that Vitala has charged  the equivalent of 169 000 US$ contract fee + 7 X 44 000 US$ monthly fee for that useless work

feasability-ouargla-inacuracy-vitala feasibility-ouragla-croockery ouargla-vitala-inacuracy-corp-production viatla-inacuracy-expertise-memorandum vitala-expertiser-innacuracy-budget-ouargla vitala-inacuratcy-expertise-accountant-conclusion-vitala-is-a-scam vitala-inacuratcy-expertise-fake-inflation-algeria vitala-inacuratcy-expertise-follow-up-2 vitala-inacuratcy-expertise-follow-up

 

Saad Boudemagh suing Wolf Vierich & Vitala Group for scam, swindle and fraud.

Mr Saad Boudemagh is suing Vitala group  and Wolf Vierich for swindle and fraud.

It all started 2 years ago from now,  on  26/10/2014, like  2 valid business projects. Saad Boudemagh, international tycoon, born in Algeria and living between Monaco, Miami, Algeria, Geneva and Paris, got acquainted with Wolf Vierich and Vitala Group, about a steel plant and a cattle farm to be built in Algeria

Little did he know that he should have run away from him, as this would cost him time and money !

Strangely enough, as off today, november 18th 2016, Wolf Vierich keeps showcasing the 2 projects on his Vitala  scam website, and using them for advertising his supposed ” know how”. This  although Mr Boudemagh has cancelled his contract with Vitala and is suing Wolf Vierich and his Vitala ripoff group in Algeria and England for scamming. And strangely enough, Wolf Vierich at the same time tries to slander Mr Saad Boudemagh on scam websites such as scam.com and ripoffreport.com  ( those  2 websites propose to erase all the threads slandering you provided … you pay them a hefty sum….  this is just blackmail, frankly speaking).

algeria-projects-on-vitala-group-scam-location-pag

Saad Boudemagh’s Algeria projects still listed on-Vitala group scam location-page as of today november 2016

algeria ouargla from Saad boudemagh group on international project 13 on vitala scam group page

algeria ouargla from Saad boudemagh group on international project 13 on vitala scam group page as of today november 2016

 

Wolf Vierich slanders Saad Boudemagh on ripoff website scam.com

Wolf Vierich slanders Saad Boudemagh on ripoff website scam.com

ripoff report backmailing fees to repair your repoutation

ripoff report backmailing fees to repair your reputation

 

scam.com blackmail: if you pay they will erase the threads that are slandering you !!

scam.com blackmail: if you pay they will erase the threads that are slandering you !!

A bit of a  schizoid attitude for Big Bad Wolf Vierich conman !

 

13/11/2014: Big Bad Wolf Vierich visit confirmed in Algeria  (20-25 / 11/14)

Well, let’s get back to scratch : on october 2014 Mr Boudemagh was working on 2 industrial projects in Algeria, one in the automotive industry and one in then food sector.

06/11/2014:  Wolf Vierich and Vitala  confirmed  “their are interested in finding a financement for those 2 projects” «MAGHREB INOX STAINLESS STEEL PROJECT – FINANCING »  and Ouargla cattle processing farm.

Vitala Group by big Bad Wolf Vierich conman scam  strategy in progress.

This is when they first send to the Boudemagh Group  the first  email , where they state : “We never have worked in the past on unsuccessful, non feasible or non profitable projects “. 

Well , just have a look at all the fake listed projects and at once you realise this is complete lie. 

 «We only come on site for a visit” do they add, “when all economical, financial, political and logistics aspects are positive, so as to prevent customers to invest money in advance”.

And best of all ” we do not charge any money in advance, nor expenses, nor hidden costs. we only charge a 5% commission on money raised thanks to our work, and customers accepts the loan. if customer does not accept the loan we ask nothing ” …

Seemed too good to be true ! Was too good to be true !

“we do not ask any personal guarantees to the customer” It goes on” and it is all under control of national banks checking for criminal money”

When asked by Saad Boudemagh whether Vitala group and Big Bad Wolf Vierich conman were going to provide a letter of intent,  the answer  was : ” yes after we have visited the site and we have accepted the project”.

When asked by Saad Boudemagh whether Vitala group and Big Bad Wolf Vierich conman can become partners  or enter in joint venture, the answer was : “never. because this would cause  a twisted situation where we would loose our independence” . and they insist ” we only take a 5% commission on the loans we successfully provide”.

20-25 / 11/2014: Big Bad Wolf Vierich on SITE EN RELIZANE (MAGHREB INOX PROJET) and OUARGLA (cattle farm)

It all looked perfect. So from 20 to 25th of november 2014, Saad Boudemagh Group organized a trip for Vitala Wolf Vierich conman on both sites, RELIZANE ( for MAGHREB INOX PROJET) and  OUARGLA (cattle processing farm). At that point Saad Boudmagh’s group clearly states they have very strict deadlines that must be respected, and they have a feeling Vitala cannot comply. At that point Big Bad Wolf Vierich insisted in sying HE DOES WANT TO stay as a partner in the projects.

From On 12/01/2014, Vitala clearly knows that the Saad Boudemagh’s group needs the loan to be organized and delivers before june 2015. Still they accept the challenge, as they consider these are A-list projects.

This is when the tricks start ! Vitala insists that  lenders would need better documentation and business plan. Big Bad  Wolf Vierich  explains only his team can provide this type of business plan… but of course he will charge the Saad Boudemagh Group for that. He also insists the anyway this will save time and money to the Saad Boudemagh Group, as anyway the documentation provided must be double-checked and approved by Vitala, which will also, Big Bad  Wolf Vierich insists, will stand as a guarantee to the lenders.

Caught in Vitala’s scam spiderweb.

Vitala issues its letter of intent  on 09/12/2014 and contract is signed  on 15/12 2014 for the steel plant and 23/12/2014 for the  Ouargla cattle farm.

This is where the real scam starts. From the very minute, Big Bad Wolf Vierich keeps insisting on the facts that only documents approved but his team can be sent to lenders, because vitala group will stand as a backup guarantee. Then he says he will have to come very often onsite… in fact he only came once !

finally..

to be followed

 

Schizoid Wolf Vierich lists Saad Boudemagh’s project on Vitala scam & slanders him on blackmailing sites

Vitala group scam : Schizoid Wolf Vierich  lists Saad Boudemagh’s project on his site as ” successfully” funded, while at the same time defamating Mr Boudemagh  on blackmailing websites such as Scam.com and Ripoffreport.com while slanders him on blackmailing sites where he spits out calumny.

Now indeed this is a strange business strategy ! Would you really trust a businessman running his company  with such PR errors !

How can Schizoid Wolf Vierich  conman at the same time,

  • use Mr Saad Boudemagh ‘s project  and names on your website, to advertise your company  so called  “successes”
  • while defamating and slandering him on those websites dedicated to blackmail such as scam.com and ripoffreport.com

Calumny seems to be one of the favorite activities of Big Bad Wolf Vierich.  He mostly uses it to threaten his victims so they keep silent. To do so he opens fake reports about his victims on  the above mentioned websites, truing to ruin their reputation.

The absurd part of his strategy is that while he slanders his victims, he keeps using their names  and images  on Vitala group professional scam company website. just check

As seen today november 12, 2016 on Vitala group professional scammer  Press release page

Algeria : Ouargla's Saad boudemagh project on vitala group press scam pag

Algeria : Ouargla’s Saad boudemagh project on vitala group press scam pag

While as seen today on scam com on a thread by Schizoid Wolf Vierich

schizoid Wolf Vierich conman slanders mr Saad Boudemagh on blackmail sites scam com

schizoid Wolf Vierich conman slanders mr Saad Boudemagh on blackmail sites scam com

So while he slanders Saad Boudemagh, directly or through is conmen associates,  Wolf Vierich  conman keeps using images and informations about the projects that Mr Saad Boudemagh was developping, and that Schizoid Big Bad Wolf Vierich had propose to fund. Without any success though. You can read here the full story of Algeria Ouargla and Oran project scam by Vitala Group

Ouargla farm project by Saad Boudemagh, as  seen today november 12, 2016 on Vitala group professional scammers website project page

Ouargla cattle farm Algeria project on the scam project webpage of vitala con people

Ouargla cattle farm Algeria project on the scam project webpage of vitala con people

also here  Oran Project for a steel plant project by Saad Boudemagh, as  seen today november 12, 2016 on Vitala group professional scammers website global project page and listed as successful

Oran steel plant Saad Boudemagh's project in Algeria on the scam project webpage of vitala con people

Oran steel plant Saad Boudemagh’s project in Algeria on the scam project webpage of vitala con people

Both projects are also still listed as successful on the press page of  the Vitala group international scammer web page.

In fact none of the projects have even funded and Mr Saad Boudemagh is suing Vitala group  and Wolf Vierich for swindle and fraud.

Saad Boudemagh's alerai, Ouargla cattle farm project listed as successfully funded on vitala group press scam page

Saad Boudemagh’s alerai, Ouargla cattle farm project listed as successfully funded on vitala group press scam page

The strange side of Wolf Vierich’s scam is that he just does not try to give evidences that could help him ! I mean facts, real projects,  that would have been successfully developed thanks to funds that Vitala groups could have provided. 

This would be so simple and so effective though !

Again, this is the weakest point in all his testimonials. They list only projects, announcements, but you will never will find one picture, contact, website, phone number or address of actually succesful realization by Vitala group scammers.

Instead he keeps using on his website references to projects that have never succeed, including the Algerian project by Saad Boudeagh, who is suing him  !

Algerian Projects for a steel plant project  and Ouargla Cattle farm by Saad Boudemagh, as  seen today november 12, 2016 on Vitala group professional scammers website global press page and listed as successful

And Big Bad Wolf Vierich keeps slandering Mr Saad Boudemagh with unbelievable accusations. He slanders him ann… me ! on such slander and blackmail websites as ripoff report and scam.com. When you ask those websites to erase the slandering threads they answer : pay and we’ll erase them !  Well this is just what blackmailing is isn’t it? 

scam .com blackmail offerscam com webmaster blackmail : you can pay and we erase thread

ripoff report blackmail offer

ripoff report blackmail offer to "repair your reputation " that they have damaged in slandering threads online

ripoff report blackmail offer to “repair your reputation ” that they have damaged in slandering threads online

These are the methods of Vitala group international scammers and Big Bad Wolf Vierich conman.

Tycoon Saad Boudemagh : world wide businessman

Featured

Saad Boudemagh, as seen in the photo below with Donald Trump, whom he met in February 2013 in Miami, where he was invited by socialite Monica Heftler, who left us since, is a businessman of international stature. He was born in Algeria.

Saad Boudemagh and Donald Trump- Mar a Lago-fevrier-2013

Saad Boudemagh and Donald Trump-
Mar a Lago-fevrier-2013

 

“Between the two men it’s been  instant sympathy”, told Monica Heftler … “and during this charity event held at Mar a Lago, owned by Donald Trump in Palm Beach, for the benefit  of “The Unicorn children foundation” the two men immediately found they had similar interest.

Monica Heftler with President Obama

Monica Heftler with President Obama

Saad Boudemagh does travel  around the world. He can  often be seen in Monaco, Paris, Geneva, London and Miami. but mostly Saad Boudemagh remains faithful to his homeland, Algeria

He invested very significantly in Algeria in various industrial activities linked to automotive world, but also in  metallurgy and food industry.

Saad Boudemagh, is charismatic and generous and  he makes regular donations to charities

saad Boudemagh at Innocence en Danger Gala under the high patronage of president Nicolas

saad Boudemagh at Innocence en Danger Gala under the high patronage of president Nicolas Sarkozy

more about Saad Boudemagh at  Innocence in Danger under the patronage of  President Nicolas Sarkozy