Hello, my name is Hossein Sarmadi-Fard, and I’m reaching out during the most difficult time of my life. Over the past year, I’ve been the victim of a devastating scam that has left me financially ruined, deeply in debt, and at risk of losing my home.
In 2024, I borrowed $50,000 to invest with a trading company that promised strong returns. At first, everything seemed legitimate - I made profits and believed I was on the right path to securing my family’s future. Encouraged by these results, I made a decision I deeply regret: I cashed out my $100,000 IRA to reinvest, intending to return the funds within the 60 days allowed by the IRS to avoid penalties and taxes.
But it was all a scam. The company froze my funds and eventually disappeared, taking everything I had worked for. Now, I not only owe taxes, penalties, and interest on the IRA withdrawal, but I also face crushing credit card debts. I borrowed $45,000 across three credit cards to invest in a mentorship program to become an affiliate marketer, hoping to create a sustainable income for my family. With my funds stolen, I can’t pay back these loans or cover the taxes owed.
My financial situation has spiraled out of control. I now owe more than $640,000 in outstanding debts, and I’m barely able to cover my monthly bills. I’ve exhausted every option, and I can’t qualify for additional loans. If I don’t receive help soon, I will lose my home, and my family will face homelessness.
This ordeal has taken a severe toll on my physical and mental health. I haven’t been able to sleep for months, and I constantly blame myself for trusting the wrong people. But all I wanted was to invest wisely, just as many others do, to provide a better future for my loved ones.
I haven’t told my family the full extent of what happened because I feel so ashamed and embarrassed. I want to find a way to recover before sharing this burden with them.
Now, I am humbly asking for your help. The funds raised will go toward:
- Covering overdue mortgage payments to save my home.
- Paying taxes, penalties, and interest owed to the IRS and the state.
- Managing immediate debts and living expenses while I work to rebuild.
Your kindness and generosity could make the difference between losing everything and finding a way to rebuild. If you’re unable to donate, even sharing my story with others could help me reach someone who can.
Thank you for taking the time to read my story and for any support you can offer. It means more to me than words can express.
With gratitude,
