Askar Karabayev Ibar Development
Askar Karabayev Ibar Development Reviews
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Sam Hsue
April 8, 2011
Creep from Kazakhstan
This self proclaimed big shot hails from Borat's homeland of Kazakhstan. Askar Karabayev claims to be a brother of Kazakhstan's prime minister or speaker of Kazakh Parlaiment. He claims to be an oil tycoon and a developer. The fact is that he is that he built about 20 homes in Newport Coast over the last 15 years, and had a few failed real estate projects. The financial crisis caught him with his pants down, and like many developers he lost virtually all his projects. He does have ties to some government official, but seems to make up stories and inflate facts to the point where he has no credibility with people that get to know him. Ultimately, Askar Karabayev is a small time Soviet style hustler with a huge ego. I bought a home from him about 5 years ago, and the quality was not there. When I asked Karabayev to address some of the construction deficiencies, some of which were structural, he suddenly pretended not to speak English, and began to ignore my calls. I did some research into his background. Karabayev is shady. He is sued by multiple people and companies. Most real estate professionals in Newport Coast won't work with him. Now he seems broke, but still has enough to show off. He is involved in some oil and gas businesses in Kazakhstan, and tried to get me involved. I would not do anything with this slimeball.
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