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Advanced Business Capital gave them $3500 for what they called a business plan that needed to secure our loan they never got us the loan and we never got the business plan this was done last feb Beachwood Ohio
this complaint goes along with mr kenneth schneider of kas funding. these people contacted us telling us they could arrainge a re-fi loan on our real estate with a cash out. they told us we needed to give them $3500 for a business plan which they could send to all their lenders to get us the best finacing available. all we got was a refferal to mr kenneth schneider who is a fraud. never got our loan never got the so called business plan. all of this we feel was just a big scam between mr keith mckenzie of advanced business capital and mr kenneth schneider of kas funding. please let me know what can be done.
thank you (((phone number redacted)))
John ****
elmhurst, Illinois
U.S.A.
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2 Updates & Rebuttals
Keith
Beachwood,Ohio,
USA
Rebuttal to false report filed by John Moroni Elmhurst Lincoln Mercury Elmhurst Illinois
#3
Wed, September 09, 2009
Ripoff Report Verified Safe
Our company Advanced Business Capital fell victim to a very unscrupulous business run by John Moroni general manager of Elmhurst Lincoln Mercury. Advanced Business Capital agreed to construct a Business Plan which was needed to help secure a loan for the company. We charged the dealership $3,500. to produce the plan.
John Moroni paid our company with a check that bounced. When confronted with this information he stated that his dealership was having financial problems and he would make the check good. He also asked me to write several letters on his behalf to satisfy his many creditors. These creditors included the Automotive Union, Hertz Corporation among others. I then received a telephone call from the Hertz Corporation telling me that Mr. Moroni had taken 12 of their cars and had not paid for them but had sold the cars to customers and titled the cars in the customers names. Hertz stated that Mr. Moroni owed them almost $200,000.
John Moroni then asked me to get copies of the titles from the Hertz Corp. knowing that this was unethical if not illegal. The company that I found who was willing to make a loan to John Moroni's company became disinterested when they received a letter from the union's attorney. They then realized that John Moroni's company was in serious financial difficulty. I was informed that numerous managers and employees were leaving the dealership due to pay issues. Our company eventually was paid for the Business Plan.
However, Mr. Moroni told the loan company that they were taking to long and that he no longer wanted a loan from them. He also told me that he did not want the Business Plan we had prepared and wanted his money back despite the fact that Mr. Moroni signed our agreement which states that there is to be no refund. My company at Mr. Moroni's request submitted an application for floor planning. However, Mr. Moroni was turned down because his dealership is on the "knockout list" which means that Mr. Moroni is barred from ever purchasing cars at an auction anywhere in the United States. In my 20 years of dealing with business financing
, I have never encountered as dishonest an individual as John Moroni.
Keith
Beachwood,Ohio,
USA
Rebuttal to John Moroni's false report on Advanced Business Capital
#3
Tue, September 08, 2009
ohn Moroni Elmhurst Lincoln Mercury Elmhurst IL. Rebuttal to false report filed by Elmhurst Lincoln Mercury Elmhurst , Illinois
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John Moroni
Phone: 6308333300
Fax :
150 W Grand Avenue
Elmhurst, Illinois 60126
United States of America
Submitted: Monday, September 07, 2009
Modified: Monday, September 07, 2009
Keith
Beachwood, Ohio
USA
Ripoff Report Verified Safe
Our company Advanced Business Capital fell victim to a very
unscrupulous business run by John Moroni general manager of Elmhurst
Lincoln Mercury. Advanced Business Capital agreed to construct a Business Plan which was needed to help secure a loan for the company. We charged the dealership $3,500. to produce the plan. John
Moroni paid our company with a check that bounced. When confronted
with this information he stated that his dealership was having
financial problems and he would make the check good. He also asked me
to write several letters on his behalf to satisfy his many creditors.
These creditors included the Automotive Union, Hertz Corporation among
others. I then received a telephone call from the Hertz Corporation
telling me that Mr. Moroni had taken 12 of their cars and had not paid
for them but had sold the cars to customers and titled the cars in the
customers names. Hertz stated that Mr. Moroni owed them almost
$200,000. John Moroni then asked me to get copies of the titles
from the Hertz Corp. knowing that this was unethical if not illegal.
The company that I found who was willing to make a loan to John
Moroni's company became disinterested when they received a letter from
the union's attorney. They then realized that John Moroni's company
was in serious financial
difficulty. I was informed that numerous managers and employees were
leaving the dealership due to pay issues. Our company eventually was
paid for the Business Plan. However, Mr. Moroni told the loan
company that they were taking to long and that he no longer wanted a
loan from them. He also told me that he did not want the Business Plan
we had prepared and wanted his money back
despite the fact that Mr. Moroni signed our agreement which states that
there is to be no refund. My company at Mr. Moroni's request submitted
an application for floor planning. However, Mr. Moroni was turned down
because his dealership is on the "knockout list" which means that Mr.
Moroni is barred from ever purchasing cars at an auction anywhere in
the United States. In my 20 years of dealing with business financing , I have never encountered as dishonest an individual as John Moroni.