Complaint Review: GC Capital LLC

On or about February 13, 2015 Aspen Ridge Holdings (ARH) entered into an agreement called a "Loan Commitment" with Geoffrey Caruso at GC Capital, LLC (GC). The Loan Commitment states that within 30 days upon receipt of an "up-font fee" of $19.5K, a $25M real estate acquisition loan will be delivered to ARH. The agreement is fully executed between all parties involved. All due diligence materials from ARH were accepted and approved by GC. The $25M loan was secured by $94M of resort real estate.  

On or about May 13, 2015 after numerous attempts to secure the acquistion loan from GC as per our agreement and hearing every lie imaginable as to what was delaying the loan, (several friends dying, numerous family members in the hospital, in a closing or in a Board meeting at least 50 times), ARH pulled the plug and demanded the return of the $19.5K "up-front fee." GC agreed to return the fee yet to date, nothing has been received other than promises to return.  

GC supplied a fake address, scammed ARH with a person on a conference call reporting to be their banker who in turn told us that GC has the $25M on account and GC has done these deals for this amount previously...of course none of it was true.   ARH has filed financial fraud complaints with the State of New York Attorney General's Office, County of New York District Attorney's Office, the New York State Better Business Bureau and the Internet Crime Complaint Center (IC3) which is a joint task force with the FBI.  GC continually states they are returning the up-front fee but we know their statements to be lies and we will never see the fee returned.  If you are planning to or know of anyone doing business or planning in doing business with GC Capital and Geoffrey Caruso, run, dont walk.