San Diego credit repair business CEO accused of conning clients

SAN DIEGO - A San Diego man who ran a credit repair business is facing more than 40 felony counts based on allegations he defrauded his clients.

Thirty-seven-year-old Khaled Helmy was the CEO of United Credit Partners, a business that claimed to help people repair their credit.

“Our clients experience positive, fast results,” Helmy says in a video online, promoting his business.

One woman, who asked to remain anonymous, told 10News that was not true.

“He looked at me, shook my hand, all this kind of stuff, and guaranteed me,” she said.

The woman said she signed a contract with United Credit Partners and gave the company $1,500 to help with credit inaccuracies. She said she got no results and no refund.

“I gave this man six months of my life to try to fix something that was really important to me. I’m kind of back at square one as far as my credit goes, and I’m back a couple steps as far as my $1,500.”

To date, Helmy faces 45 felony counts ranging from grand theft to forgery. He was first arrested in October 2013. He posted bail, but investigators say he continued his crimes.

Court documents state that Helmy charged victims’ “credit cards with additional charges without their consent.”

Melinda Opperman with the nonprofit organization Springboard -- which helps those in a credit crisis -- says she sees many people duped by scams.

“They can’t believe it happened to them,” Opperman said.

She urges people to watch out for red flags, which include any company that asks for money upfront.

“Don’t make a decision right away,” Opperman said. “Go ahead, do your homework. Do some comparison shopping.”

When it comes to past credit issues, people do not necessarily need to hire an outside company to help them, Opperman said.

An online search shows numerous allegations against Helmy:

“They lied and took my money!” wrote Maurice S. “Do not do business with them.”

Joan G wrote that she was “very disappointed” with the company.

Helmy’s attorney Brian Watkins says the claims are baseless.

“None of these allegations have been proven,” Watkins told 10News.

Watkins says the San Diego County District Attorney’s office solicited for victims online, a move he calls unprecedented. He said that by doing so, investigators tainted the jury pool.

“That brought out in the woodwork a lot of people claiming to be victims that weren’t happy with his services that did not get their credit restored to their satisfaction,” Watkins said. “For every victim, I can provide two people that were very happy with their services.”

Watkins said a guarantee for clients’ full credit repair was never written in any contract.

Helmy was re-arrested on March 26 and remains lodged in the George Bailey Detention Facility. His bail is set at $500,000. His next court date is in mid-April.

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