Doctor Says He Was Conned For $750,000

HOUSTON (CN) - A man from Lake Elsinore, Calif., conned a doctor out of $750,000 by promising to donate $2 million to his cancer research group, Dr. Eckhard Alt says in a claim against Jim Bilbrey and JB Global Network.

Alt claims in Harris County Court that Bilbrey told him that he wanted to donate $2 million to The Alliance of Cardiovascular Researchers, a nonprofit with which Alt is associated. Alt claims Bilbrey told him he wanted to fund medical research because his son had died of cancer.

Alt says Bilbrey told him that he was about to receive $70 million to $80 million "from a Canadian entity to support his development of water-power technology." But to get that money, "he would possibly need to demonstrate to the Canadian entity offering the grant that he was a bona fide investor by giving them access to his bank account." Bilbrey said needed Alt's money only "as a backup in the unlikely even that those funds would be needed to prove Bilbrey's bona fides to the Canadian," Alt claims.

"Bilbrey assured Dr. Alt that the money would never leave Bilbrey's bank account. Bilbrey and Dr. Alt agreed that if Dr. Alt would deposit $750,000 into Bilbrey's account for a few weeks, Bilbrey would return Dr. Alt's $750,000 and make a $2 million donation to The Alliance," the complaint states.

Alt says he fell for it. He sent Bilbrey the money and "over the next 18 months, Bilbrey made excuse after excuse as to why Dr. Alt's funds had not been returned," including that "Alt's money had been stolen from a bank account held by Defendants in Montreal, Canada."

Alt wants his money back, and damages for fraud and breach of contract. He is represented by Rhett Campbell with Thompson & Knight.

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