Complaint Review: Advanced Business Capital

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.

ohn Moroni Elmhurst Lincoln Mercury Elmhurst IL. Rebuttal to false report filed by Elmhurst Lincoln Mercury Elmhurst , Illinois










Rebuttal Box Respond to this report!

What's This?






What's This?

Are
you an owner, employee or ex-employee with either negative or positive
information about the company or individual, or can you provide
"insider information" on this company?








Victim of this person/company?

What's This?






What's This?

Are
you also a victim of the same company or individual? Want Justice? File
a Rip-off Report, help other consumers to be educated and don't let
them get away with it!







  






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.