Signed promissory note
On July 9, 2020, Cole signed a note promising 36 monthly payments of $296. The repayment schedule ended in July 2023. The debt remains unpaid.
Mustapha Cole · FreetownPay · Easy Money Transfer
Why I believe Mustapha Cole scammed me
I trusted Mustapha Idris Yaguba Cole with business investment money, a signed personal loan, and half a Bitcoin. His promises were not fulfilled, and the money remains unpaid.
My warning is simple: do not send Mustapha Cole money based on promises. I did, and I deeply regret it.
What happened
The promises and the losses
This page separates what I can document from what I remember. The signed note and wallet record are shown below. My account of the broader investment is based on years of dealing with him directly.
Additional loan acknowledged
The same signed note states that Cole also owed me $2,700 advanced in an informal and flexible manner to help grow EMT.
Business investment and support
I estimate that I put about $16,000 into his business over time based on his promises. There is no single agreement covering that full amount. The note itself acknowledges more than $5,000 previously given and promises me at least a 20% business stake.
A separate Bitcoin transfer
My wallet records an outgoing transfer of half a Bitcoin on August 18, 2020. The Bitcoin was not returned.
Timeline
What the record shows
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Before July 2020
I provided money to support Cole's financial-services business based on promises about growth and ownership. The later promissory note acknowledges more than $5,000 already provided and a promised stake of at least 20%.
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Cole signed a $10,000 promissory note at 3.24% interest. It called for 36 monthly payments of $296 and also acknowledged the separate $2,700 loan.
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I sent another 0.5 BTC. My wallet entry from that date labels it “Loan for EMT business.” My recollection is that Cole said the money was needed for legal help recovering funds he claimed had been stolen.
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The written repayment schedule ended. Cole had not repaid the note according to its terms, and it remains unpaid.
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Today
Cole's explanation is that money entrusted to him was stolen from him. I cannot verify that explanation, and I do not believe it. Even if his explanation were true, he accepted the money, signed the promise to repay it, and still owes it.
Supporting records
Evidence from the loan and wallet
These are redacted excerpts. The lender's identity, the street address, and most of the handwritten signature are hidden. The complete original records have been retained.
About other reports: Several people in my Facebook network have told me about similar experiences involving Cole. I am not publishing their identities or treating their accounts as proof of my case without their permission and supporting records. This page is based on what I personally experienced.
My conclusion
I believe I was deceived
Based on the unpaid written loan, the unfulfilled business promises, and the unreturned Bitcoin, I believe Mustapha Cole scammed me.
He accepted substantial financial help, signed a repayment agreement, failed to repay it according to its terms, and later said the money had been stolen from him. I do not believe that explanation, but even if it is true, it does not cancel what he owes. He should have found a way to honor his agreement and repay the money.
I am publishing this warning so that other people can see the record before deciding whether to trust him with money.