This is a PSA for anyone that comes across this guy. You should spread the word.
Alex Youssef has recently scammed 3 panel builders and I would like to share some FACTS about him so you can stay safe.
Alex Youssef is a
career con artist who preys on individuals and companies interested
in doing Panelized Load Bearing Construction.
Alex Youssef has a
growing history of litigation. He has been caught by some and sued
because of it however most cases are Alex Youssef suing
partners/associates/investors/customers/vendors or whoever has the
deepest pockets to draw from.
Alex Youssef is
known to form false businesses
in an attempt to lure his targets. Companies
like Advanced Building Systems, Advanced LGS, LLC and Pinnacle
Advanced Building, Inc., to name a few. He also managed to be the
CEO to some of these companies, which all are known to be Panel
companies, at the same time. It seems suspicious to own
and operate two businesses
that do the same thing at the same time.
From June 2015 until July 2016 he was the CEO of both Advanced
Building Systems and Advanced LGS, LLC. Two companies known to
produce the same types of products and services.
From
October 2016 until Present,
he is the CEO of Advanced LGS, LLC and Pinnacle Advanced Building,
Inc. These companies are also both known to be Panel companies.
Currently,
one of Alex Youssef’s businesses is registered to an address that
has no affiliation with him or the business. On his website
https://advancedlgs.net, it
lists his address at the bottom of the page. This link shows that
neither Alex nor
his business have ever been associated with this address.
Additionally, none of the businesses that have been here are related
to a Panel company.
https://homemetry.com/house/11905+R...+Downey+CA
Alex
Youssef misrepresents himself to try to attract his victims. He
makes claims that he is not able to provide any evidence of. On the
website https://gust.com/companies/advanced-building-systems,
Alex makes claims of $20M “...in
work orders…” Alex is attempting to mislead potential business
associates as there is no way to prove what he has in work orders.
This is a blatant attempt to lure potential targets.
Where Alex Youssef makes his final strike against his victims is by
suing them.
Mercedes Benz Financial has a lawsuit which can be easily located
online. In this case, it appears Alex Youssef has taken money for a
job and not performed the work. This tends to be the case in most of
the lawsuits involving him.
https://www.plainsite.org/dockets/2uob5t4xm/superior-court-of-california-county-of-los-angeles/mercedesbenz-financial-services-usa-llc-v-alex-youssef-et/
Another
lawsuit easily found online is Alex
Youssef and 5D Systems; his own company. He was a partner in 5D
Systems that was a Panel Manufacturing
company.
This company was in business for less than 12 months. Within that
time Alex Youssef
managed
to not only bankrupt the company, but attempt to sue his partners.
http://lawzilla.com/blog/alex-youssef-vs-5d-building-systems-inc/
He
was the owner of Wescor; Alex Youssef bankrupted Wescor
In
regards to one of his business associates
Grace
Zhu; they
were in
business for less than a year. He
was caught stealing company funds (embezzlement).
He was an officer and reported owner of the firm. He was embezzling
funds from him and his partner until the firm was forced to close
their doors.
Pinnacle
Construction
–
Alex
Youssef entered
into a contract with Pinnacle and Ali Fadhavi Construction
to do an apartment building. He received over $700,000
in advanced payments, and quickly abandoned
the job after only 30% completion.
He
had a similar experience with a job in Oakland. The panels were so
poorly manufactured the installer was forced out of business.
Known
Aliases on Public record
Alex
Yousef
Alex Yossef
Alex Youseff
Hany Youseff
Alex
G Youssef
Hana Youssef
Hany Youssef
Hany S
Youssef
Alex Yousseff
Alex Yousset
On top of the lawsuits,
Alex Youssef has a significant amount of Liens/Judgments against him.
Here are just a few:
1. New York
Amount: $55,920
Creditor: ITRIA Ventures
LLC
Type: Civil Judgment
2. California
Amount: $7,022
Type: State Tax Lien
3. California
Type: California Tax Lien
4. California
Amount: $94,612
Type: State Tax Lien
5. California
Amount: “$0”
Type: Forcible
Entry/Detainer Release in Santa Monica, CA
6. California
Type: Eviction
Creditor: CAL American
Corporation
7. California
Debtor: WESCOR Construction/Alex
Youssef
Amount: $42,338
Type: Judgment Lien
8. California
Creditor: Cal American Corp
Type: Eviction
9. California
Debtors: Alex Youssef/Wescor Construction (his
company)
Creditor: LW Supply Corporation
Amount
$1,464
Type: Civil Judgment
10. California
Amount: $46,774
Type: California State
Tax Lien
11. California
Creditor: US Rentals
Amount: $220
Type:
Small Claims Judgment
12. California Tax Lien
Amount: $1,123
In addition to the stacks of liens against him, Alex Youssef has
the following also associated with him:
Multiple Bankruptcy Filings
Defaulted on owned real property 10 times
Multiple aliases to hide his past judgments, liens, bankruptcies
and evictions.
Uses other people’s identities (generally with their knowledge)
to open corporations legally which he would not be able to do under
his own name due to his past.
Alex Youssef does not pay his taxes.
If
you are considering going into business with Alex Youssef, I beg you
look as deep as you can into him. Everything that has been stated
here is true and can be verified through public record.
Alex
Youssef is a crook, a criminal and he will prey upon anyone that
gives him the opportunity. Do not do business with this man, he will
take your money and run.