Complaint Review: David Bebout

 I am a current client of GF&L and David Bebout , Mr. Bebout has worked with us and we are about to close our on our deal , all we had to do was follow the steps of the program . We were able to reach Mr. Bebout and discuss any matter concerning our deal and we have not paid him or his company any money to do this.

 

Please get in touch with me before you make a decision concerning David Bebout and Mr. Jackson, of Dallas Texas.  I have no vested interest here other than I know the truth about the above mentioned claims.  I have personally had business dealing with all the parties involved in this matter. I am more than willing to tell you that my name is Greg Gilbert and I live in Birmingham Al. but have been told by the site that I am not allowed to do so.

I also think it is a very sad testimony to the state of our country, when we allow someone to make very damaging claims and very ugly actuations about someone or a business and not have to identify themselves in any way.  To me, it removes any credibility or validity to any claims that are made in this way.

I know David Bebout and have had numerous business dealings with him and his company, as well as the Lender who he represents, over the last four years.  I have found that everyone that is involved with David, and the Lender he represents, to be very professional, very honest and honorable people. I would go on to say, that in my dealings with David and the Lender, everyone of the oh by the ways, have always been to my or my clients favor.  Every single one, without exception.  Also they have never asked for, at any time, a upfront fee to engage the Lender in funding of mine or my clients projects. 

All, everyone, of the informational documents or memorandums that I have received over the last four years from David and his Lender, have always been very clear and precise in explaining to me or my clients what is expected of me to engage the Lender to facilitate the funding of mine or my clients projects.  There has never been any confusion or misrepresentation of what was expected of me.

Now, as far as the individual who is making these derogatory remarks about David and Mr. Jackson, I have had the occasion to both interact with him as the client and also having brought a client to him and have found him to be a over bearing and rude individual.  The one particular time I brought a client to him, the conversation ended with him screaming and yelling at my client. To say the least I was very embarrassed and appalled at his behavior. 

I also know enough of the details concerning the who, the what and the why of the compliant the he has filed against David.  First of all, the client he mentioned, was a client David referred to him, secondly the only person who has received any upfront fees in the transaction is him.  Finally the only person who has not preformed is him.  The fee he has received are in the hundreds of thousands of Dollars and for over a year he has had David's clients money and not preformed and refuses too, instead he tries to deflect the blame on to David and Mr. Jackson.

You would assume from his compliant that his client is very upset with David but you would be surprised to find that the client mentioned here is still working with David's and Mr. Jacksons group and moving closer to getting funded in spite of the individual who has filed this compliant. Amazing but a fact!!!!!

Bad things happen to good people all the time and I am sure sites like this are well intentioned to protect the consumer from all the frauds and scams that pop up in hard and difficult times like we are in now.  But in this instance it is the POT who is calling the kettle black.

Please contact me, don't let a, for the lack of a better word, lousy individual deter you from considering David Bebout and Mr. Jackson to get your project funded.  My e-mail address is my name plus 821 at g mail.

To All Interested Parties that care to be well informed. 

A person in New Mexico posted this false report during the month of Dec 2010.  His name is George Lovato, Jr - Pres/CEO of BH Capital Ltd in Albuqerque.  I was referred to Lovato / BH over two years ago by a Terry Suitt, Jacksonville FL (he obtains a Fee from the Retainer as well) and he can be found in the web site of BH if you care to search.  Over 2 years ago the letter of credit / collateral enhancement needs of my Clients were introduced to Lovato / BH Cap Ltd who preported to be in the collateral enhancement biz as well as his web site.  After a year he stated to me that he was "prepared to move forward" after the advise of his lawyers / bankers? 

Three (3) of my Clinets of thier own business decsion elected to retain Lovato / BH Cap Ltd and wired him single payments for Retainers to obtain a $150,000,000 bank guarantee or standby letter of credit.  He told them and me he would syndicate the transaction with several / many of his "investors."  Amounts from $305,000.00 to two wires of $55,000.00 each were sent to him that totalled over $410,000.00 - and to this date not ONE of my Clients, although a year has passed down to several  months, has Anything Whatsoever - nothing to show for the large Retainer except head and heart aches ontop of their legal bills.

In may he with Suitt and I were with my Client in Europe for his Site Inspection.  He obtained a $50,000.00 fee inside his $305,000.00 Retainer for this trip - May of 2010.  Money was wired to him from that Client in Apr of 2010 with a Agreement signed in Mar 2010.
 
I do not demand or accept Retainers nor does the Investor that I work with.  We do charge for expenses such as travel on all transactions.  When the transaction Closes I along with the Investor are paid our Success Fees and I will rebate all paid in expenses at that time.

Lovato / BH Cap Ltd have reports files against them (ripoff and other) going back a few years so if one becomes informed they do check it out for themselves.  It may be wise to also check with the FBI White Collar Crime Unit and the NM Atty General's Office via your legal counsel in New Mexico.

Suggested that you do not "Retain Lovato nor BH Cap Ltd" ... if you ever care to see your money or anything else from him.

I have been a commercial lender and banker for over forty years and have assisted the attorney general's office in NY and FL put "front money scammers" in jail.  I believe this may occur in this instance since very large sums of money are involved.

I nor Lenders I know or do business with ... do not issue what he calls "letters of intent."  I do issue when called for a non binding term sheet that is clearly noted as non binding and to be replaced by the Lenders Term Sheet after a project sponsor with actual proven Collateral has come forward for them.  That is a bank-to-bank transaction.

Lovato / BH Cap Ltd have produced no bank guarantees nor standby letters of credit for his and/or my Clients.  My Clients lawyers names can be provided you upon request for additional input into your decision to move forward in any business transaction with Lovato / BH Cap Ltd.