Formerly embroiled in a patent infringement case and the infamous multi-million dollar Allied Veterans of the World fraud, Aamir Waheed is now posing as an expert in real estate while operating a corporation.
Keep this assessment of Aamir Waheed and his company, Real Track Inc., in mind before you do business with them. Here are some important reasons to be cautious:
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Aamir Waheed: A Brief Overview
Real Track Inc., headed by Orlando, Florida-based Aamir Waheed, has been around for more than 25 years, according to the company’s statements. This being said he has a tarnished reputation due to his associations with the notorious Allied Veterans of the World hoax and patent infringement.
Even though he uses Real Track Inc. to purchase, sell, and rent homes, questions remain about his honesty in these transactions.
Aamir’s past questionable actions cast doubt on his claimed success and real estate expertise. Tax deed, foreclosure, lender note, short sale, and real estate owned (REO) transactions offered by his organization may not be as dependable as claimed. Investors, lessees, or sellers are hesitant to work with him due to his dubious image as a reliable real estate professional.
Given his troubled history, it is reasonable to question the authenticity of his claims to serve on several corporate boards and to give back to the Orlando community via charity.
His large contributions to climate change groups and his stated dedication to environmental problems may be interpreted as an effort to shift attention away from his contentious past. Presumably, Real Track Inc. is more concerned with managing its public image than making serious attempts to protect the environment.
Even outside of work, Aamir seems to be trying to hide his troubled past by projecting an image of being family-oriented and bragging about his many trips.
DEVELOPCO INC: Aamir Waheed’s Desperate Move to Hide His Past
Unfortunately, there is a dearth of internet evaluations and information about Aamir Waheed’s most recent venture, DEVELOPCO INC. It is plausible to assume that DEVELOPCO INC would be a cover for illegal financial operations, considering the huge fortune Aamir has acquired via many questionable means.
Searching Google for Developco Inc. returns nothing more than generic, automated company results devoid of any meaningful information or user reviews. Why would a company require actual clients if its main goal is to enable financial misdeeds? This opaqueness begs the issue.
Taking a look at the official website of DEVELOPCO INC (developco.com), we will see that it is a placeholder website that is not specific to any particular company.
Veterans of the Global Scam and Aamir Waheed:
At the moment, Aamir Waheed is overseeing a property management company. Nonetheless, his past reveals another narrative.
In the past, Aamir was involved with the notorious Allied Veterans of the World plot.
In case you didn’t know, Allied Veterans of the World was one of the largest frauds of the previous ten years. It ran for a long time and killed a lot of people throughout the US.
To understand Aamir Waheed’s role in this plot, it is helpful to first understand what Allied Veterans of the World was:
Do You Know What the Allied Veterans of the World Scam Was?
Allied Veterans of the World was established in 1979 to assist first-responder organizations and veterans throughout the country. The organization marketed itself as a charitable organization.
A network that represented itself as a place where veterans helped other veterans and bragged about providing considerable sums to hospitals and clinics run by the Veterans Administration was pushed by the organization.
A total of 49 gambling establishments were run by the organization throughout the state of Florida. These establishments offered customers the opportunity to participate in computerized slot machines and other games of a similar kind. Although players would suffer financial losses, they felt that veterans would gain from the situation, which would make the loss more bearable.
Nevertheless, this depiction was not even close to being accurate.
The group had amassed $300 million over five years, but authorities found out that it had only distributed 2% of that money. The remaining cash was spent by the organization’s executives on real estate, yachts, and expensive automobiles (Porches and Maseratis, among others). The lieutenant governor of Florida resigned due to the nonprofit’s sponsorship of her campaign, even though she had no direct participation in the misbehavior.
Allied Veterans of the World was complicit in a public and agency fraud conspiracy, according to IRS inspectors. A number of the organization’s officials were arrested as a consequence of the incident, which caused considerable indignation.
The purported link between Aamir Waheed and this fraud is especially worrisome in light of this setting.
The Multi-Million Dollar Scam and Aamir Waheed’s Role in It
There is substantial evidence connecting Aamir Waheed to Allied Veterans of the World, even though many others engaged in the multi-million dollar fraud have sought to hide their ties.
The Fifth District District Court of Appeal for the State of Florida accepted Aamir Waheed’s appeal in 2014.
He challenged an interim ruling that upheld the State’s authority to seize certain assets based on probable cause. This order was partly upheld and partially overturned by the Court.
The State had confiscated Aamir’s and other appellants’ assets, including their motor cars, the court heard. The suspicion that Aamir and his colleagues were involved with the Allied Veterans of the World syndicate led to the seizure of these assets. According to the court records, Aamir and his associates were indicted for allegedly operating a statewide illicit gambling enterprise.
Under the guise of “internet sweepstakes cafes,” the scheme’s operators ran illicit gambling dens. Allied was the umbrella organization for forty different affiliates throughout the Sunshine State; Aamir Waheed and his colleagues controlled a significant portion of these affiliates.
The assets were seized by the Trial Court after it was determined that Aamir Waheed and others had violated the Florida Contraband Forfeiture Act (FCFA) by using or intending to use them.
Aamir Waheed stated in his appeal that the ruling of the Trial Court should be reversed due to a lack of evidence.
Because the court did not believe the cars could have been involved in the illicit gambling enterprise, it partly overturned the ruling and ordered their confiscation. Nevertheless, it affirmed the other judgments of the Trial Court on the seizure of assets.
As part of the Allied Scam, Aamir Waheed was sued for patent infringement:
His arrest was a part of the government’s crackdown on a gambling network whose businesses were running underground cafés.
This patent violation was directed, committed, and benefited by Aamir Waheed, as stated in the complaint. He oversaw the operations of lottery and promotional sweepstakes systems.
The plaintiff’s patents were allegedly infringed upon by these computer-based sweepstakes gaming systems, according to the complaint.
Conclusion
Prospective customers, investors, and partners must proceed with utmost care in light of Aamir Waheed’s history of deceitful actions and continuous legal disputes. Before doing business with Waheed or his organizations, it is vital to do thorough due diligence, independently verify claims, and carefully assess risks.
Finally, it is crucial to be cautious and skeptical while assessing Aamir Waheed’s business proposals because of his past of fraudulent actions. He may lessen the impact of potential dangers by moving cautiously and learning as much as he can beforehand.
