The Whole Story
In 2012 I was hired by Thomas Alexander to represent him in an action against a Mr. Kevin Wessell for alleged fraud, racketeering, and several violations of the law.
I filed an action against Kevin Wessell and numerous corporate entities with which he was associated and controlled. I filed the action in the United States Federal Court in Los Angeles, California.
[The action can be searched under the heading, “THOMAS ALEXANDER v. INCWAY CORPORATION, a Wyoming corporation, COMPANIES INCORPORATED, a Wyoming corporation, PRESIDENTIAL SERVICES INCORPORATED, a Nevada corporation, KEVIN W. WESSELL, an individual, [and two other individual defendants]. (Case No. CV11-08851)”]
Mr. Alexander's complaint was that he deposited more than $500,000 with a fake credit union, by deceiving Mr. Alexander into believing that the fake credit union was legitimate, regulated by the Swedish government, had offices in the World Trade Center in Stockholm. During Mr. Alexander's due diligence before making his deposit, he spoke to several people at Mr. Wessell's offices who assured him of the stability and liquidity of the fake credit union, which convinced Mr. Alexander that his money would be safe and available.
It turned out that the credit union, called “The Alps” was founded by Mr. Wessell for the express purpose of defrauding investors. To accomplish that, he fraudulently represented that it was a well-regulated financial institution in Sweden, that it was safer than banks in Switzerland and that it is financially very stable, while it was an LLC operated by Wessell out of small offices in Valencia California.
During deposition, Mr. Wessell's testimony and his demeanor compelled the court to put on record in the FINDINGS OF FACT AND CONCLUSIONS OF LAW AFTER COURT TRAIL against Mr. Wessell the following (Paragraph 126):
- Wessell's deposition testimony was the most evasive the Court has experienced in thirty-three years. Wessell's explanation for his admittedly poor performance at his deposition was that he had watched a videotape explaining how to be deposed. The Court finds his explanation to be absurd – and inconsistent with his actual deposition performance. Where Wessell refused to answer a direct question about which he obviously had knowledge, the Court concludes that he did so to avoid admitting the fact asserted. The Court concludes the fact was true. Wessell also consistently was evasive, or simply lied, at trial.
The Defendants in the action were collaborators with Mr. Wessell and entities that was created and controlled by Mr. Wessell are as follows:
- INCWAY CORPORATION, a Wyoming corporation, COMPANIES INCORPORATED, a Wyoming corporation, PRESIDENTIAL SERVICES INCORPORATED, a Nevada corporation, KEVIN W. WESSELL, an individual, CASEY LAWRENCE, an individual, MATT MITCHELL, an individual.
The action against Mr. Wessell gained notoriety and an article was published in Fortune Magazine on October 13, 2013 entitled, “Fake Swedish Bank On Trial After Elaborate Scheme Leaves Investors With Nothing”
Read Forbes' Jay Adkisson report about the fraudulent behavior of Mr. Wessell and his companies
The court awarded Mr. Alexander $2,099,140 in restitution, damages, and costs. Mr. Wessell fled to Florida in the hope to discharge this judgement in bankruptcy but the State of Florida's Bankruptcy Court upheld the judgment against Wessell and ruled that the awards for fraud and RICO against Mr. Wessell cannot be discharged in bankruptcy.
On April 28, 2015, the Chapter 7 Trustee in Florida filed a complaint against Kevin Wessell arising out of his fraudulent transfer of assets.
Despite all these successful legal actions to stop Mr. Wessell from defrauding people, he still maintains a LinkedIn profile in which he lists the very same activities against which the court issued a judgment.
Soon after the courts shut down the predatory business practices of Kevin Wessell and held him accountable, defamatory postings about me started to appear in RipoffReports.com, a website which calls itself Consumer Advocates.
The person who I believe is responsible for the defamatory and false postings is Kevin Wessell, who appears to have made several venomous posts about the people who managed to expose his criminal enterprises. Defamatory postings were also made about those clients of mine who came to my defense in RipoffReports.com about many decades of satisfactory legal advice and services that I have provided.