Peter J Burns III, based in Arizona, has been the subject of several complaints on Ripoff Report, primarily alleging financial misconduct. These reports, dated between 2013 and 2015, detail accusations of creating false stories to borrow money, selling non-existent stock, and failing to repay debts. The complaints also mention legal judgments and reports to law enforcement, such as the FBI and Scottsdale Police Department.
Detailed Allegations
Each complaint provides specific instances of alleged misconduct:
- One report claims Burns lied about inheriting $5 million to borrow funds, sold stock he didn’t own, and was reported to authorities.
- Another accuses him of scamming individuals out of significant sums, totaling over $1.5 million in phony deals, and involving interns in fraudulent investments.
- A third alleges he conned someone out of over $21,000, skipped out on a lease, and attempted federal fraud with credit cards.
- The fourth describes him as using a company as a front to bilk millions, with false claims of business successes.
Unexpected Detail
An unexpected aspect is the personal conduct allegations, such as Burns’ preference for very young women and his account on Sugardaddies.com, alongside family estrangement, which adds a personal dimension to the financial accusations.
Survey Note: Comprehensive Analysis of Complaints Against Peter J Burns III
This note compiles and analyzes four complaints against Peter J Burns III, based in Arizona, as documented on Ripoff Report. The complaints, accessed from specific URLs provided, allege various forms of financial fraud and misrepresentation, with additional personal conduct claims. The analysis aims to present a detailed overview for a thorough understanding, ensuring all information is derived solely from the given sources and presented objectively.
Background and Context
Peter J Burns III is identified as an individual based in Arizona, with the complaints focusing on his alleged activities primarily in Phoenix, Tempe, and Glendale, all within the state. The reports, dated between October 24, 2013, and July 20, 2015, are from Ripoff Report, a platform for consumer complaints. Given the user’s instruction to avoid confusion with individuals from other states, the analysis confirms all reports mention Arizona locations, aligning with the specified base.
Compilation of Complaints
The following table summarizes the key details from each report, including title, author, date, and a summary of the complaint text, ensuring a structured presentation for clarity.
| Title | Summary of Complaint |
|---|---|
| Peter J. Burns III Review – Arizona – Peter j burns | Accuses Burns of creating a false inheritance story to borrow money, selling non-existent stock, and not repaying, reported to FBI and Scottsdale PD. |
| The Exchange Collection Review – Internet | Claims Burns, as founder, is a con man with scams in multiple cities, scamming $75K from author, totaling $1.5M in phony deals, involving interns. |
| Desert Edge Consulting Inc. Jana Kading Peter J. Burns stole $21,000+ | Alleges Burns conned author out of $21,000+, skipped lease, sold company percentage illegally, attempted credit card fraud, personal conduct issues. |
| Financing Debt and Equity .Com, Peter J Burns III +Total Phony | Describes company as Burns’ front, bilking millions, false business claims, warns against giving money, more info on Ripoff Report and blogs. |
Detailed Analysis of Each Complaint
- Report #1094255 (October 24, 2013, Jim from Phoenix, Arizona)
The author claims Peter J Burns III created a story about inheriting $5 million from his father, which he used to borrow funds from the author and others, promising repayment from this inheritance. Burns allegedly sold 86,000 shares of stock he did not own to a college intern and the intern’s father. The complaint further alleges Burns took money from people known for up to twelve years without repayment, using borrowed assets like stock and heirlooms to secure more funds without intent to repay. The author describes Burns as a crook with no moral integrity, hiding fraudulent acts from authorities and the IRS, and states the matter has been turned over to the FBI and Scottsdale PD. - Report #1243102 (July 20, 2015, Jim from Tempe, Arizona USA)
This report targets The Exchange Collection, identifying Burns as its founder and labeling him a con man with a history of scams in Phoenix, Atlanta, and Florida. The author claims Burns poses as a serial entrepreneur but is solely after money, with no verifiable assets, no home base, and no checking accounts. Burns allegedly scammed the author out of $75,000, with total phony deals amounting to over $1.5 million. The complaint mentions Burns lied about his father’s death and a $20 million inheritance to induce investments in B3 Funding, which never materialized, with fabricated claims of $2.3 billion in transactions. It also notes Burns involved a 22-year-old intern and his father in investments based on false promises, with more stories of fraud available upon contact. - Report #1153413 (June 9, 2014, Jana from Glendale, Arizona)
Jana accuses Burns of conning her out of over $21,000 in cash and sweat equity, detailing that she signed a lease for his apartment, which he skipped, leaving her with three months of payments and the task of emptying and cleaning it. Burns allegedly sold her a percentage of a company he was involved with, which he did not have the legal right to do, according to the operating agreement. The complaint mentions Burns tried to talk her into transferring money from another person’s credit card, which she later realized was federal fraud, and she took cash advances on her own cards for him. Additionally, it highlights personal conduct, stating Burns prefers very young women (“whose frontal cortexes haven’t developed yet”), has an account on Sugardaddies.com, and is estranged from his brother, who runs Lionsgate Films, and his daughters, based on firsthand emails and letters. - Report #1153413 (March 17, 2015, Jim Mayhew from Tempe, Arizona)
This report focuses on Financing Debt and Equity .Com, described as a new front for Peter J Burns III, labeling him a criminal who has bilked people out of millions without jail time. The author claims Burns scammed him and others in Phoenix, portraying himself as a high-flying entrepreneur, with false claims of operating over 100 successful businesses and securing millions through B3 Funding, which never formed a corporate account. The complaint warns against giving Burns money or letting him use one’s reputation, stating more information is available on Ripoff Report under his name, a WordPress blog, and a Facebook listing for Peter J Burns III Criminal Activity Disclosure Co., with the author available to back up claims.
Synthesis and Observations
The complaints collectively suggest a pattern of financial fraud, including borrowing money under false pretenses (e.g., inheritance stories), selling non-existent assets, and failing to repay debts, with alleged totals reaching millions. Misrepresentation is evident in claims of business successes and assets that the reports assert are fabricated. Legal actions are mentioned, such as judgments and court cases, with reports to authorities like the FBI and Scottsdale PD. An unexpected dimension is the personal conduct allegations, particularly in Report #1153413, which include preferences for young women and family estrangement, adding a personal layer to the financial accusations.
The reports, while serious, are based on individual accounts and have not been independently verified, as noted in the conclusion. The consistency across complaints, such as the repeated mention of B3 Funding and inheritance lies, suggests a recurring modus operandi, but the lack of external corroboration warrants caution in interpretation.
Conclusion
This compilation highlights significant allegations against Peter J Burns III, focusing on financial misconduct and misrepresentation, with additional personal conduct claims. The reports, dated between 2013 and 2015, provide a detailed picture of alleged fraudulent activities, primarily in Arizona, with some mentions of other states. Given the nature of the platform, these are consumer complaints and should be considered as such, with further investigation recommended for verification.
