Peter J Burns III is a Financial Fraud. Where is He Now? (2025))

Originally Syndicated on June 14, 2024 @ 12:57 pm

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.

Ripoff Report is a consumer advocacy platform where individuals can post complaints about businesses or individuals, serving as a warning to others. While the reports are not independently verified, they provide insights into potential risks and are often used by consumers to make informed decisions. We approach these complaints with a critical eye, recognizing they represent one side of the story but warrant serious consideration due to their consistency and gravity.

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.

Author	Date	Summary of Complaint
Jim — Phoenix Arizona	10/24/2013	Accuses Burns of creating a false inheritance story to borrow money, selling non-existent stock, and not repaying, reported to FBI and Scottsdale PD.
Jim — Tempe Arizona USA	07/20/2015	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.
Jana — Glendale Arizona	06/09/2014	Alleges Burns conned author out of $21,000+, skipped lease, sold company percentage illegally, attempted credit card fraud, personal conduct issues.
Jim Mayhew — Tempe Arizona	03/17/2015	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

1. 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. Full Text:
   “Created a story about his father leaving him and his siblings, well known executives, 20 million dollars. His part of this being 5 million which he borrowed funds from me and others which were to be paid back from this inheritance. He creates assets, telling everyone he owns office buildings, stock in companies, etc. He sold 86,000 shares of stock he didn’t own to one of our college interns and his father. He took money from people he has known for as much as twelve years and did not pay them back. People lost large blocks of stock and personal heirlooms which he borrowed and in turn used them to get more money never intending to pay back the lender. The owners have or will shortly lose their assets. Do not give this man any money. He is a crook. He is corrupt and has no moral integrity. He took funds from people who totally trusted him. He doesn’t own anything, he doesn’t have a checking account, he uses others to help him fund the money he bilks from his marks. They think they are doing him a favor but in reality he is hiding his fraudulent acts from the authorities and the IRS. Anyone is welcome to contact me for more information. He has been turned over to the FBI and Scottsdale PD.”
2. 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. There are updates and rebuttals:
   • Update #3 (05/09/2019, James, United States): Defamation lawsuit by Burns was thrown out, owes complainant over $200K with interest, last known location La Jolla, CA, seeks help to locate him.
   • Rebuttal #2 (11/14/2015, PJB, King’s Park): Attorney David Grossman filed for slander/libel against James Mayhew, obtained restraining order, filed for contempt and tort action for millions, court documents at court documents and court documents.
   • Update #1 (08/24/2015, Anonymous): Clarifies Burns is not founder/CEO of The Exchange Collection, only a commissioned agent, warns of potential scams.
   Full Text Summary (due to length, key points included):
   • Founder Peter J. Burns III is a con man, involved in scams in Phoenix, Atlanta, and Florida.
   • Poses as a serial entrepreneur, but is after money, with over $1.5 million in phony deals.
   • Took complainant for $75K.
   • Claimed a $20 million inheritance from his father, but father was alive in Santa Monica at the time, died a month and a half later.
   • Promoted B3 Funding, claimed $2.3 billion in transactions (fabricated), took complainant’s and others’ money.
   • A 22-year-old intern invested $10K savings and convinced his dad to invest $76K for an IPO option at $1/share, based on false inheritance claims grown to $6 million.
   • No verifiable assets, no home base, no checking accounts.
   • Court records available at Maricopa County, Arizona, and Lee County, Florida, for Civil, Family, and Probate cases under Peter J. Burns III.
   • Warns against doing business with The Exchange Collection, risking assets and money.
   • Offers contact for more information.
3. 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. Full Text:
   “Peter J. Burns conned me out of $21,000+ in hard cash & sweat equity. I signed a lease for his apartment and he skipped town leaving me with 3 months of payments & had to empty & clean the apartment. He ‘sold’ me a percentage of the company he was involved with – he did not have the legal right to do so according to his Operating Agreement. He tried to talk me into transferring money from another person’s credit card to him – that is federal fraud but I didn’t know it at the time. I took cash advances on my own credit cards to give it to him before I knew how illegal this is. He likes very young women ‘whose frontal cortexes haven’t developed yet.’ He has an account on Sugardaddies.com. His brother runs Lionsgate Films and has cut him off, as have his own daughters. I know all of this from first-hand emails and hard copy letters. Peter Burns is a con artist. Do not be taken in by his charming ways.”
4. Report #1216365 (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. Full Text:
   “This company is the new front name for Peter J. Burns III. This low life has bilked people out of millions of dollars and has up to now avoided jail time. He is a criminal that has never been brought to justice. He scammed me and others out of hundreds of thousands of dollars in Phoenix making himself out to be this high flying entrepreneur. All of us were taken in by him. He says that he has operated over 100 successful businesses. All of that is BS. His claim that he got millions of dollars funded through B3 Funding in the Phoenix/Scottsdale area is bogus. He never actually formed the company and I and others gave him funding to do that on the promise of repayment from the profits which never materialized. The couple of deals that he scammed through never made it into a corporate checking account. There is much more info on Rip Off under his name Peter J. Burns III and also on my word press blog for Peter J Burns III. Facebook has a listing for Peter J Burns III Criminal Activity Disclosure Co. All are updates on where this POS is and what he is up to. DO NOT GIVE THIS GUY ANY MONEY. And do not give him the opportunity to use you or your reputation to scam others. He is great at that. I am available to back up any of these claims. Jim Mayhew, [email protected] or (((REDACTED))).”

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.

Key Citations

• Peter J. Burns III Review – Arizona – Peter j burns
• The Exchange Collection Review – Internet
• Desert Edge Consulting Inc. Jana Kading Peter J. Burns stole $21,000+
• Financing Debt and Equity .Com, Peter J Burns III +Total Phony
• court documents
• court documents