Amy Cockerham Amy F Brown RiverRock Capital, LLC River Rock Capital, LLC DAC Investments LLC, created a scam using false credentials and fraudulent invoices to defraud us into paying her $30,000 Royse City Texas
On October 25th, 2017, our company negotiated an agreement with Amy’s company (RiverRock Capital) to fund the capital request of $5.5mm. Amy outlined the requirement for us to pay an Expense Deposit of $30,000 in conjunction with a few analysis / studies that she will need to obtain from other third parties. When asked who these companies were, and if we could we get a list of deliverables expected, and some refternces from her she said the companies are two research firms (which i will keep nameless) and gave us her “Industry Analyst Detail” sheet for us to see which described what would be expected and a very long excuse about her partners / customers aninimity.
On October 27th, 2017 we recieved an email stating she “covered” one of them for $15k and listed a sum of others she said gave commitments to demanding payment on the balance. We told her we would not pay the full sum until we see paid invoices and deliverables. She said that will take a day or so and requested at least $10k now since she already "paid" one of them and indicated “if we want to close this loan by the end of the year we must engage these firms now and pay her to pay them”. We wired $10k to her.
On November 8th Amy traveled to our demonstartion site located outside Texas and and visit about the funding / ownership structure for the loan. At the end of her trip she requested the balance ($20k) so she can quickly get this closed. We again asked her for the copies of invoices and listing of deliverables since we never received anything to date. Upon her return, she sent us two invoices (from the research firms she told us she hired) marked "Paid" which we later discoverd (after we figured out we were scammed) that both invoices were fake. In a pursuit to get our loan funded (so we were told), she continued a wave of requests for info in a rush to get the bridge loan closed before thanksgiving and kept requesting the balance even sending texts saying “I’m in this $50k and I’m not willing to keep delaying on the balance” . After a short call, we agreed to wire her $10k more and upon funding the bridge loan would fund the balance and she agreed.
From Nov 24th to December 1stth she was pressing to finalize the bridge loan documents. On December 1st we executed the bridge loan note and sent it to Amy. She said upon receipt of the last payment, her partners will fund the loan. We wired her the last $10k. After waiting a few days for the wire (which never came), we knew something was wrong and started to dig through all the information she gave us and after calling both research firms we found out both invoices she gave us were fake. We talked with a few known associates and past companies that also got scamed and discovered her patten reached all the way to California. Meanwhile, Amy continued sending one excuse after another about “the lost wire” and continued to keep up the charade that the loan will fund. Excuses ranged from being hospitalized with the Asian flu after her trip to China to visit with her partners, a sudden death in the family, a car accident and a series of out of town court battels in California for her Partners companies and several other whoppers.
On March 8th, 2018 we emailed her notice that we found out all her mis dealings and of our intent to present the facts and evidence to the local authorities in the hopes that she would not be able to do this to someone else in the future. She emailed very quickly saying I will have your money back tomorrow, which never happened.
2 Updates & Rebuttals
Anon
Texas,United States
We can vouch for the above reports about Amy Cockerham -- plus some
#3Consumer Comment
Mon, July 09, 2018
If you are reading this, we agree wholeheartedly with the comment above that "Amy is a fraud." A firm I am involved with was also duped by Amy in much the same manner as the previous commenter. When we ran background checks on Amy, we were shocked to discover a history of fraud (run them!). Our firm has elected to pursue this criminally and is contacting the Collins County DA (https://collincountyda.com/) about our experience with Amy. We suggest if you have dealings with Amy, please do the same. She needs to be stopped.
Chris
Round Rock,Texas,
United States
Amy is a fraud
#3Consumer Comment
Sat, June 16, 2018
I had a very similar experience with Amy Cockerham of RiverRock Capital. I met with her in the summer of 2015, after being introduced to her through a colleague. My company was in the process of raising money for a Series A round of financing. I met with her at her office in Frisco, Texas. I presented the company and technology. She represented herself as having relationships with family offices all across the globe. She had already done a soft pitch to several families that showed interest in our deal. She said, "I don't want to waste yours nor my time if I don't think I can get a deal done". She insisted on money up front, becasuse she had to pay an outside party to produce an investment book in the format the family offices expected. Originally she wanted $15k, we negotiated down to $5k. Of which, we did not have the money at the time, so I took out a personal credit card for $5k to pay Amy. We signed an agreement with Amy on 10/16/2015. She indicated that she had strong interest from a family out of Germany and they were confirmed for closing a 2015 deal for $1.5M investment, money would hit by end of January.
That did not happen, when we finally connected with her in early Febuary 2016, she said another family out of Texas was in for a bridge loan of $750k and we were to finalize details of the term sheet. That did not happen. She never produced any results, never got an investment booklet, always had trouble connecting with her. It would go a month, wouldn't hear from her, when we did connect she'd apologize profusely, tell some excuse of why she was out of pocket. I formally demanded my money in November 2017. She responded in December and said she would refund my money by end of the year. That did not happen. I spoke with her as recently as June 7, 2018. She said she would send $1000 on 6/8 another $1000 on 6/17 and the rest by today. No money, no response. She is a complete fraud. Do not do business with Amy Cockerham.