Aamir Waheed Money Laundering Allegations Fact-checked (2024)

Aamir Waheed was involved in the multimillion-dollar Allied Veterans of the World scam. He was also sued for patent infringement.

Now he has a real estate company and claims to be an expert in the sector.

Before doing business with Aamir Waheed or his firm, Real Track Inc., read the following review. You will learn why you should keep away from him.  

Who is Aamir Waheed?

Aamir Waheed is the owner of Real Track Inc., a real estate company that acquires and sells properties. According to his multiple PR articles, Aamir is a specialist in real estate transactions.

Furthermore, his public relations articles state that he has sat on the boards of various companies in the industry. He claims over 25 years of experience in the real estate industry.

What is Money Laundering?

Criminals are primarily motivated by the prospect of financial gain from illegal action, yet they struggle to conceal this money. Money laundering is how they make unlawful riches appear legal. It is an important tool for many illegal enterprises, including cocaine trafficking and terrorism, as it helps criminals build and maintain a facade of legitimacy.

Unchecked, it can erode trust in financial institutions and fund other unlawful acts such as violence and terrorism. Money laundering allows criminals to disguise their illicit riches, posing a serious threat to both the banking system and society as a whole.

However, his public relations articles ignore to mention that he previously ran a scam in Florida.

Aamir Waheed of Orlando, Florida used to be a member of Allied Veterans of the World, a $300 million hoax.  

DEVELOPCO INC: Aamir Waheed’s Desperate Bid to Leave His Past Behind

DEVELOPCO INC is Aamir Waheed’s latest initiative, although there is no information or reviews available on the internet. Given Aamir’s vast riches from his numerous frauds, it’s logical to believe that DEVELOPCO INC is a shell corporation used to launder money.

If you search for Developco Inc. on Google right now, you will only see automated company listings. Why would a firm require customers if all it does is launder money? 

A generic placeholder webpage can be seen if we visit DEVELOPCO INC.’s main website, developco.com. 

Aamir Waheed and the Allied Veterans of the World Scam:

Aamir Waheed is currently in charge of a real estate company. However, it wasn’t the situation a few years ago.

Aamir was first embroiled in the infamous Allied Veterans of the World fraud.

For those unaware, one of the biggest frauds of the past ten years was Allied Veterans of the World. It affected many victims across the United States and continued for years.

Here’s a brief synopsis of Allied Veterans of the World before I discuss Aamir Waheed’s role in the scam: 

What was the Allied Veterans of the World Scam? 

Allied Veterans of the World was a nonprofit organization that was founded in 1979 and advertised that it gave money and labor to first-responder and veteran organizations around the country.

It presented itself as a forum for veterans to assist fellow veterans. The nonprofit said it gave a large amount of money to hospitals and clinics run by the Veterans Administration.

The organization ran 49 gaming parlors throughout Florida to raise money. Customers might play similar games and computerized slots there. In this manner, you would not feel bad even if you lost any money because you would know that it would benefit veterans.

But all of that was untrue.  

Authorities discovered that, in just five years, the NGO had made $300 million, of which just 2% had been donated. The remaining cash was used by the nonprofit’s executives to purchase homes, Maseratis, boats, and Porsches.

The lieutenant governor of Florida resigned at the moment, even though she was unrelated to the organization’s misdeeds. She did so as a result of the nonprofit’s support.

According to IRS investigators, Allied was involved in a plot and conspiracy to deceive the public and government entities. A few organization officials were detained by the authorities after the swindle sparked widespread indignation.

You can now see why it is so significant that Aamir Waheed is suspected of being involved in this scam. 

Proof of Aamir Waheed’s Involvement in the Multi-million Scam

Although the people related to the multi-million scam have hidden their affiliation in most places, there is one piece of evidence connecting Aamir Waheed with Allied.

In 2014, Aamir Waheed filed an appeal in the District Court of Appeal of the State of Florida Fifth District. 

He appealed a non-final order finding probable cause to support the State’s seizure of multiple assets. The Court affirmed in part and reversed in part. 

The Court highlighted that the State seized multiple assets that used to be under the ownership of Aamir and other appellants. These assets included motor vehicles as well. 

Authorities had seized the assets because of Aamir and other appellants’ alleged involvement in the Allied Veterans of the World syndicate. Court documents mention that Aamir and his colleagues allegedly conducted an illegal gambling scheme throughout Florida. 

It involved the operation of ‘internet sweepstakes cafes’ which were, in reality, illegal gaming rooms. 

Allied acted as the parent company. Moreover, it had 40 affiliates all across Florida who ran these cafes. Aamir Waheed and his friends owned several of these cafes. 

The Trial Court found that there was probable cause behind seizing those assets. Aamir Waheed and others used or attempted to use those assets in violation of the FCFA. 

In his appeal, Aamir Waheed argued that the Court should reverse the Trial Court’s order due to a lack of sufficient evidence. 

The Court reversed the order in part. They removed the seizure of motor vehicles as assets claiming that they couldn’t have been used in the illegal gambling scheme. But, it didn’t reverse any other decisions of the Trial Court. 

Aamir Waheed Confronts Patent Infringement Lawsuit Amid Allied Scam

Aamir Waheed, Tariq Waheed, Cheri Black Waheed, and their firms were sued in 2014 by Sweepstakes Patent Company.

Patent infringement was the cause of the litigation. Aamir and his businesses were violating Sweepstakes Patent Company’s trademarked “Personal Computer Lottery Game,” according to the company.

This demonstrates beyond a doubt Aamir’s role in the Allied scam.

By bringing your complaint to our attention, you can obtain justice if Aamir Waheed has deceived you. We will put you in touch with professionals and reporters who can assist you in getting your money returned and being noticed by the appropriate parties. 

It is strongly suggested that you do your research before spending money online. This is a user-generated report.

As part of the authorities’ takedown of the syndicate, he was arrested. His company ran illicit gambling cafes.

The lawsuit claims that Aamir Waheed planned, carried out, and benefited from the patent violation. He ran lottery and promotional sweepstakes operations.

The lawsuit claims that the plaintiff’s many patents were being infringed upon by these computer-based sweepstakes game systems.

The court documents are shown below: 

Conclusion

Aamir Waheed owned a number of the numerous Allied Veterans of the World cafes. He played a big role in the multimillion-dollar fraud.

On the other hand, nothing is known about whether he was detained by the authorities for his part in the fraud.

Moreover, he is currently managing another real estate company and presents himself as an authority in the industry.

I don’t think anyone should do business with his new company, given his history of operating frauds.