I found the pitch for Williams Oil Investment on the Angel Investment Network, and decided to invest in the business due to the secureness that an oil investment would provide as opposed to many others. I made a $5000 investment in May 2018, and received a signed certificate from the owner (Daniel Williams) saying that the investment would be paid back with profit by July 18, 2018.
Not long after the initial investment, I received a series of emails that demanded a series of expenses be paid that were never mentioned in either the investment pitch or in discussion with the owner/operator. As Mr. Williams stated that these various expenses were either necessary and/or would cover multiple oil lifts, I complied even though I had to take out loans to cover them all. After paying an expense for a gps tracking system that I was told I would receive via DHL (and never did), I received another email stating that funds were due for one expense that was to be covered for a 5 lift cycle I had already paid, and even stated Mr. Williams' own words that he had previously emailed me assuring there would be no more expenses and that this expense had already been covered. He has not responded to that email quoting his own words, and has not responded to emails requesting a payout as described by his signed certificate of investment.
I have plenty of documentation that would form a strong suit against him in court if it comes to that, but in the mean time, any other investors that come across this pitch/company should stay as far away as possible!
Williams Oil Investment Reviews
I found the pitch for Williams Oil Investment on the Angel Investment Network, and decided to invest in the business due to the secureness that an oil investment would provide as opposed to many others. I made a $5000 investment in May 2018, and received a signed certificate from the owner (Daniel Williams) saying that the investment would be paid back with profit by July 18, 2018.
Not long after the initial investment, I received a series of emails that demanded a series of expenses be paid that were never mentioned in either the investment pitch or in discussion with the owner/operator. As Mr. Williams stated that these various expenses were either necessary and/or would cover multiple oil lifts, I complied even though I had to take out loans to cover them all. After paying an expense for a gps tracking system that I was told I would receive via DHL (and never did), I received another email stating that funds were due for one expense that was to be covered for a 5 lift cycle I had already paid, and even stated Mr. Williams' own words that he had previously emailed me assuring there would be no more expenses and that this expense had already been covered. He has not responded to that email quoting his own words, and has not responded to emails requesting a payout as described by his signed certificate of investment.
I have plenty of documentation that would form a strong suit against him in court if it comes to that, but in the mean time, any other investors that come across this pitch/company should stay as far away as possible!