Complaint Review: Capital Werks LLC Preferred Lease Foundation Capital Partners

State of Rhode Island
Notice of Suit

Robert G. Blanchard
North Smithfield, Rhode Island

v.

Capital Werks LLC
Foundation Capital Partners
Preferred Lease
5 Hutton Centre Drive/Suite 1200
Santa Ana, California


Docket 07-7465
6th Division Court
Providence, Rhode Island

Filed on August 24, 2007

PLAINTIFF Robert G Blanchard, acting as a personal guarantor and President/Owner of the The Providence Telephone Company, a RI Corporation, entered into a lease agreement on 10/17/2005 with DEFENDANT, Preferred Lease, aka Foundation Capital Partners aka Capital Werks LLC, a California entity in the amount of $77,000. Through its agents, officers and others the DEFENDANT lead the PLAINTIFF to believe that if funding could not be obtained, a full refund of PLAINTIFFS $7,500 lease deposit would be made. DEFENDANT did not arrange financing and has refused to fully refund PLAINTIFFS deposit despite numerous demands for payment. PLAINTIFF believes DEFENDANT which has failed to register to conduct business in RI, violated the R.I. and Federal Deceptive Trades Practices Act and the Federal Truth in Lending Law. The California BBB gives the DEFENDANT an UNSATISFACTORY BUSINESS RATING and DEFENDANT has been the subject of at least 60-lawsuits or complaints. Plaintiff seeks $2,500 plus cost of suit for a total of $2,535.62


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(This information was not included in the lawsuit, but is provided for informational purposes only.

Names of People Publicly Associated With Capital Werks, or Preferred Lease, or Foundation Capital Partners

Ryan McQuitty
Shane Jangi
Arik Ziya
Ziya Arik
Jim Reader
James Reader

Robert
North Smithfield, Rhode Island
U.S.A.