George Zebold George A. Zebold scammed us out of $55,000 of contracting work and 8 months of labor. miami florida
George Zebold is the senior accountant at AHS Residential. We are contractors who worked for that organization for 8 months doing the interior painting of their rental buildings. AHS Residential with the help of their accounting secured millions of dollars in loans from financial institutions. They use that money to pay for contractors to develop the real estate investments.
What people do not realize they use trickery in their accounting and their contractors to make a profit from not paying their contractors in full. Our experience is that towards the end of the project, they sabotaged our agreement by putting unreasonable expectations that were ridiculous. Their 80 page contract states (basically) that if we didn't comply we would forfeit our money.
We now realize they intentionally made these decisions to benefit from our loss. George A. Zebold holds an accountant manager position so he would be a crucial part of this scam. There are other contractors effected by their unethical efforts and we are finding each other by publishing our experiences. I could understand scamming people for $1,000 or $2,000 but they got us for $55,000 and that is just borderline criminal behavior.
In my opinion, they should be locked up. We'll see. Just be aware of these business practices when dealing with these individuals.
1 Updates & Rebuttals
George Zebold
Coconut Creek,Florida,
United States
Baseless and false accuasation reported about me by "Christopher"
#2REBUTTAL Individual responds
Tue, September 17, 2019
My name is George Zebold , and I am responding to what I feel is a report from a unprofessional and cowardly person who will not formally identify himself or the company that has been so "wronged” and has stated lies about me. There is only one fact in this report that is correct, I was the Accounting Manager at AHS Residential LLC when I left their employment on January 29, 2019. I was never a senior accountant; I always held the position of Accounting Manager since I started with them on April 19, 2015.
The report is a hoax, and I demand that the author provide some proof that the transaction/event really happened, as well as formally identify himself and the injured company he is referring to. Now as to all the accusations:
1. Any subcontractor bills are submitted for payment to AHS Construction LLC, and each vendor signs both a release of claim and a release of lien before the check is given to them by the personnel of AHS Construction LLC. My position of Accounting Manager for AHS Residential LLC did not allow me to determine what vendors were paid and how much they were paid on any given invoice(s).
2. I believe that the payment terms for most subcontractor/vendors were "paid when paid” but again I was never part of the contract negotiations between AHS Construction LLC and their vendors.
3. I did assist in preparing construction loan document draws and supporting documentation copies of invoices for "soft costs” that had nothing to do with the construction costs to the lending bank for reimbursement, AHS Construction LLC would submit their invoice to both the "owner” company, in this case Village of Mangonia Lake LLC, and the bank the construction loan was authorized by. I did write checks from the "owner” companies to pay AHS Construction LLC after the loan draw was approved and received by the "owner” company from the lending bank.
4. Prior to my leaving AHS Residential LLC, I was very involved with the yearly audits performed by outside CPA firms who reviewed all the companies’ payment practices, including AHS Construction LLC, to insure that there were no outstanding liabilities unrecorded or contingent liabilities that may be created by legal action taken against AHS Residential LLC or any of its subsidiaries. When I left in January 2019, there were no such outstanding liabilities or legal action filed by any "painting” company against AHS Construction LLC to my knowledge.
5. In the 4 years I was the Accounting Manager, AHS Residential LLC, although privately owned, has always had an audit of their and all the subsidiaries’ accounting records and practices and has never received a "qualified” opinion, meaning that all the companies are following generally accepted accounting principles in how they are recording their transactions and are following financial accounting standards board pronouncements in reporting their financial results.
This "Christopher” has not identified himself or his company, has not filed a legal suit to collect whatever funds, if any, are due his company and to use his phrase, by falsely accusing people and AHS Residential LLC, is committing what I fell is "borderline criminal behavior”! It is unfortunate that he doesn’t identify himself and his company because based on what he has written about me I would seek legal action against both him and his company for the "injury” I have suffered from his baseless accusation in the report he filed.
Should he become confident enough to identify himself and his company, then I will address more specific comments to him and seek legal action against him and his company.