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  • Report:  #355376

Complaint Review: N. Joseph Ali - Boston Massachusetts

Reported By:
- Boston, Massachusetts,
Submitted:
Updated:

N. Joseph Ali
EMAN, LLC, 4500 Empire Avenue, Burbank, CA 91505 Boston, 02109 Massachusetts, U.S.A.
Phone:
949-456-5677
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
On January 31, 2008 (Thursday), N. Joseph Ali consummated a purchase & sale agreement for the Royal Bouquet Florist located in Boston, Massachusetts. Mr. Ali presented the seller with three checks - one in the amount of $5,000, another in the amount of $2,500 with a post-date of February 29, 2008, and the last one in the amount of $1,332.38, as part of the closing process for the purchase of the Royal Bouquet Florist from myself. All three checks were written against an account titled "EMAN, LLC D/B/A COUNTRY HAVEN MHP" with an address of 28 State St. Fl. 11, Boston, MA 02109.

After presenting me with the checks and finishing our meeting, N. Joseph Ali asked me to wait to deposit the checks until the next business day as he "needed to transfer some money around" so the checks would be good. I honored his request and waited until the next business day (Friday) to deposit the $5,000 and $1,332.38 checks into my business account.

Mr. Ali then called me the next day (Saturday) and wanted to meet with me on Monday to discuss a personal situation "that had come up". I agreed. On Monday, we met and N. Joseph Ali explained that an unfortunate situation has occurred with his "ex-wife" accessing his accounts and depleting money from them and that his lawyer has been working with the courts to get this resolved and that the "judge" handling the case has put a "freeze" on his bank accounts and that it was very likely if the checks didn't already clear that they would be returned (bounced).

After our meeting, I checked with my bank and BINGO - sure enough, both checks had bounced. After working through many attempts to collect from Mr. Ali and his "delay tactics" and "stories" it became quite apparent that Mr. Ali had no intentions of resolving this matter and seemed to have intentions from the beginning to acquire my business and it's assets fraudulently. He has also failed to begin making payments on the promissory note for the remaining balance of the agreed upon sales price. Additionally, I am still in possession of the $2,500 check that is not cashable as he does not maintain a balance in the checking account upon which the checks were written.

In addition, I was notified around March 5th by the landlord of the leased space where the florist was located that Mr. Ali DID NOT pay February nor March rent. Mr. Ali chose to vacate the premises immediately when the landlord ordered him to present the outstanding rent. So, now the business has been closed and the assets removed to an unknown location or disposed of without any knowledge to me.

Lastly, I also learned from Mr. Ali's former store manager that he had not only duped me in the acquisition of my flower shop, but he also had duped the previous owners of another flower shop named Coates Florist located in Melrose, MA. He had acquired the Coates Florist shop in the July 2007 timeframe.

It appears that the landlord action to force Mr. Ali to pay-up or vacate the premises had an effect on Mr. Ali to cause him to "disappear" and relocate. There were "rumblings" that he may be in the Houston, TX area.

THIS GUY IS TROUBLE. DO NOT DO BUSINESS WITH HIM. DO NOT TRUST ANYTHING HE TELLS YOU. HE HAS DECEIVED MANY PEOPLE.

another hint that Mr. Ali is trouble: look up a ripoff report regarding Sunbelt Business Brokers or Sunbelt Advisors in the Boston, MA area.

James

Boston, Massachusetts

U.S.A.


4 Updates & Rebuttals

James

Norcross,
Georgia,
U.S.A.
N. Joseph Ali - Where are YOUR facts? You have failed to fulfill your contract obligations... I MUST WARN OTHERS

#2

Sat, September 12, 2009

All of the facts have been presented in my original post as to my personal business experience with Mr. N. Joseph Ali.  My posting was to provide fair warning to others that N. Jospeh Ali turned out to NOT to be a very reputable business person to have dealings with.  To this day, N. Joseph Ali still has not fulfilled his contractual obligations in the acquisition of the flower shop I sold to him.  He owes the original $2,500 plus all payments on the promissory note.

I find it quite perplexing that Mr. Ali would take the time to post a rebuttal here instead of contacting me directly to resolve this matter so that I could update this post and get him back into better standing and let people know that he is interested in resolving his business matters justly.  He has my telephone number - it has NOT changed.  He is the one who chose to relocate/move/disappear and disconnect his telephone number and not fulfill his contractual obligations.  Why Mr. Ali?  Why haven't you contacted me Mr. Ali?

To reiterate from my original post - ALL checks he wrote to me for the sale of the business bounced - THIS IS A FACT & I HAVE COPIES TO PROVE IT!  Any legitimate business person would not write fraudulent checks to acquire a business.  So, what were N. Joseph Ali's true intentions?  Hmmmm.....  All intelligent business people can read between the lines in Mr. Ali's rebuttal which is quite baseless and lacking factual data.

Mr. Ali performed his due diligence in pursuing the purchase of my flower shop.  I presented him with all of the facts, figures, spreadsheets, sales data, income tax returns, etc.  He acquired a completely DEBT FREE business - so I'm not sure where he's coming from with his loose and false comments.  I accepted credit cards up until the day I stopped having any involvement in the business operation.  The credit card processing was linked to my business account and it needed to be terminated when I sold the business.  Mr. Ali needed to establish his own credit card acceptance agreement with the bank of his choice - that had NOTHING to do with me.   

Also, TO SET THE RECORD STRAIGHT - OVER THE YEARS THAT I OWNED THE FLOWER SHOP I CHOSE TO EXIT ALL WIRE SERVICE COMPANIES BECAUSE THEY WERE NOT PART OF MY CORE BUSINESS STRATEGY THAT I CHOSE TO FOCUS ON.  I was never denied nor rejected by any of the wire service companies!  I was in good standing with the 3 that I had originally participated with, so I have no idea why he would make such a statement.  Here's another fact - Mr. Ali asked for my assistance in re-establishing one of the wire service agreements after we had closed on the business.  I assisted as much as I could - making the contacts, getting the paperwork, talking with the wire service company, etc...  when it came to filling out the paperwork and signing, Mr. Ali insisted that I keep it in my name.  Um....HELLO? I no longer owned the business and knew that I shouldn't sign it, so I didn't.  After all, I had already experienced the bounced checks from closing...come on, N. Joseph Ali - REALLY NOW.  All you had to do was sign the paperwork - they were going to let you use my history with them to help you get restarted.  Of course, by you signing the paperwork it required guarantees on your behalf....Hmmmmm, and you chose not to sign!  Again, that had NOTHING to do with me.  I even accomplished having this flower shop's website ordering page redirected to your other flower shops wire service page as a work around until you could get your wire service re-established at this shop.

Mr. N. Joseph Ali has my telephone number.  It has not changed.  He has made NO EFFORT to contact me to discuss and/or resolve this matter.  I made EVERY EFFORT to contact Mr. Ali until he disappeared with no way to contact and have all of the correspondence records to prove it, include cell phone logs, email correspondence, and even the MA State Attorney General's Office.  Mr. Ali chose to disconnect/change his telephone number and there was no way for me to keep attempting to reach him to resolve this matter. 

In closing, Mr. Ali has the opportunity to make this all better and right, and quite frankly "go away" for him.  He knows what to do to clear this up.  It doesn't involve posting rebuttals in here.  I will gladly update this log if/when Mr. Ali makes the correct and right decision to fulfill his contractual obligations.  I must warn others about my experience with this man as I would want to be warned if I were in their shoes.


I am available at P.O. Box 961, Norcross GA 30091


David Richards

Houston,
Texas,
U.S.A.
I have had a perfectly fine experience w/ N. Joseph Ali - Shouldn't take everything on the as Gospel

#3Consumer Comment

Wed, February 04, 2009

Dear All, This is to affirm that I recently had a pleasureable experience working with N. Joseph Ali regarding the sale of my business. He was very straightforward and actually gave me points about my business value that I did not consider. He was fair and timely in our dealings. I have a couple of suggestions for the previous Consumer who commented; Antomi??? (Not sure if this person really exists since they did not give a full proper name or contact info): 1) You should not be quick to assume that a single random posting by perhaps an unhappy Seller who may actually have something to hide himself is true Gospel like. 2) Anyone can write anything at anytime about anyone else. Tomorrow, someone could write falsely about you and perhaps a third party would "ASSUME" as you have that it is true. Let's not be so naive and presumptious where the very purpose of this site is abused and the public is served unjustly.


Joseph Ali

Houston,
Texas,
U.S.A.
James/ Royal Bouquet sold an alligator in the guise of a business- WATCH OUT

#4REBUTTAL Owner of company

Wed, February 04, 2009

Despite the very slick posting here, James failed to mention that he was actually paid on the checks except the $2,500.00 This despite the fact that he sold a true lemon/alligator and failed to disclose the nonrevivable state of Royal Bouquet. Inc. The reality is that since James bought, it he was forced to reduce the busines to half its square footage, he removed all credit/debit card processing and was rejected/denied by most of the mainstream floral wire companies. After completely diminishing any value he presented fancy statements and his innocent style to portray that there is really some value and potential. Despite great investment and effort in the iniitial weeks, it became very apparent that he sold what was a thriving business years before the he had absolutely tanked. James wanted someone else to pay for his mistakes and I regrettably did for most of it until I discovered what he had done. Please contact Coates florist and learn first hand that actually the business was resold to them in an overall better posiition than when they sold it to me. We reached this agreement once it was determined that I would be moving (not vanishing) to Houston. The Seller's had carried a note which was paid as agreed and ultimately canceled/revoked due to their repurchase of the store. Before I could reach James to discuss the matter it was he who had actually vanished. Rumor has it that he is in Atlanta. This man is truly a modern con and should be dealt with carefully. I deal with alot of people as I often buy distressed businesses knowing what we're getting into. Most Seller's also understand there are slim chances for sustainability. The difference here is that there was no chance and Royal Bouquet was beneath even Pawn status and James pulled a fast one. I wish you the best any way James. Sincerely, Joseph Ali, EMAN, LLC You can reach me at 5868 Westheimer Road, #462, Houston, TX 77057


Antomi

Houston,
Texas,
U.S.A.
He is currently in Houston, Texas

#5Consumer Comment

Tue, January 13, 2009

I was very fortunate to run into this article. I've been going back and forth with him in regards to a sale of my business. I will take your word for it and not let my business go. In case anyone is wondering, his telephone number is 713-367-4877. Fax number: 818-450-0653

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