Mr. Emmanuel Houngevou registered his Non-For-Profit Corporation in the State of Illinois on November 08, 2012 under the name Allodo Association of Africans. Emmanuel Cossi Houngevou has organized a ponzi scheme in the West African community. The scheme works as follows: First, Mr. Houngevou asked people to put in $ 510 every other week while he promised each one of the group members to get $20,000 back each time in the course of 18 months. Second, Mr. Houngevou charged each member $10 on every $500 they put down every two weeks. Third, Mr. Houngevou lied to his investors stating that there were 80 members in the group. In addition, he told them that he was the only one who knew all the participants, hence he would have the sole control of determining who is next in line to take their monies. When people asked to get their monies back, Mr. Houngevou would tell them it was not their turn yet. According to the timeline that he sets, every member should have received their monies by April 12, 2015. As of today, the amount owed to the members of our community is over $300,000, and the only way ALLODO is promising to pay back is to ask the members to continue the scheme so more money can come in in order to pay the previous debts. This scheme has been going on for about 6 years.
When we asked where the money went, we were told that ALLODO Association of Africans opened an African supermarket with it. The supermarket was formed in the State of Illinois on 09-27-2013 as BENIN MARCHE, INC. The registration number is IL-IL-69257739. I have the names of the victims and their contacts information. I will provide them at anytime if need be.