In April 2014 I wired Allan Oulate, my former financial advisor and friend $3,551,758. He stole all
On April 2014, Allan Oulate received a wire for $3.5M. Little did I know that my financial advisor would spin a web of lies and steal money for his personal use.
Allan Oulate advised that I put some of it into a 5 year CD, a 3 year CD, and a 30 day CD.
There are no records of CDs being opened nor did any of the interest rates he claimed we were getting exist. This set off an initial red flag. Allan said based on his relationships he was able to get the best rate which is not available anywhere else (3-4 times better than market)
He thought that he could take the money from the 3 and 5 year CDs and I wouldn't know until the 3 year mark and the 5 year mark.
After I became suspicious I asked him to liquidate the CDs and it became very clear that something was wrong. He couldn't return the money and made up excuses on why you cannot simply liquidate a CD and it takes time to get the money back. Weeks if not months.
Once Allan had my money he said Hamid Doumbia 's dad passed away. I've met Hamid Doumbia before and have reached out to him recently to see if Allan told him about the fraud he committed. Will post an update.
