Jon Elayda who supposedly owns a company called Comentum Capital offered us to fund Purchase Orders that were securly factored by our current factoring company.
He first made us correct financial statments by hiring a special CPA and spend nearly $5,000.00 just to fly down to meet with him and pay for CPA services.
After they were supposedly corrected which that was not the case because the ended up being 95% similar to the ones we had pulled from our quickbooks he started giving excuses of funds supposed to be wired to our account and then never got there because of bank errors.
After that he took 2 more months promising funds for ordering product to our suppliers every sngle week and never coming true due to various unbelievable coincidenses or excuses.
Actually in the last two weeks he put himself as a victim of his supposed dyalisis every single day, when we met he was only doing that every time he didn't want to talk or didn't have an answer to give to us.
Our customers have deadlines like every company to supply and they had given us POs with enough time ahead for us to supply and deliver.
Since Jon Elayda not only promised but assured us even by having us and our supplier sign letters of assignment of funds we believed his business was real, so by the time we waited and waited it was too late to find other ways to look for funds and we lost our orders and that really deteriorated our relationship with our customer to an extent that he is not interested in keeping us as suppliers anymore.
This customer of ours would order somewhere around One Million dollars in POs for 2010 and we just lost him for good.
This is why we file this report, we may not be able to get our customer back now but we really want to prevent other people from dealing with this guy and suffering just what we went through due to his lack of seriousness and responsibility.
We have written proof of everything stated in this report to whomever may need it. Even emails where Jon Elayda assures funds or things being ready.
4 Updates & Rebuttals
3rd
Seattle,Washington,
United States of America
You were not the only one who was deceived
#5Consumer Comment
Thu, December 22, 2011
Jon Elayda also deceived the Investment Center. He was fired because he was not doing his job right. He has been screwing up clients information left and right. He is such a scam artist. He is also a liar and will tell you anything to get out of the situation. There are a couple of folks I know that is in the process of a law suit.
3rd
Seattle,Washington,
United States of America
I am not surprised at all and there is definitely a pattern here
#5General Comment
Sat, October 29, 2011
On 04 DEC 09, I wrote Jon N. Elayda, CEO of Comentum Capital Opportunities, Inc to authorize him to liquidate my investment; Account Number HCCFR-1016 5758 and remit a check representing proceeds to my mailing address. I estimated the balance as of 04 DEC 09 to be $49,553.37. I expected remittance to be made within thirty (30) days of his receipt of this instruction in accordance with the terms of our contract agreement he provided, which was paragraph 4 section 4.2
I requested him to please prepare a pro-forma tax statement for me to use in estimating any tax obligations I may incur from this transaction. I understood that a Form 1099 would be mailed to me in January 2010. I also asked him to please contact me directly if he required clarification or any additional documentation to execute this transaction. I expected payment within 30 days.
The dispute arose On 05 MAR 10, when I wrote another letter to follow up my request dated 04 DEC 09 requesting payment to me of my principal and accrued interest on the above-referenced account. That letter constituted formal notice to him as provided in section 6.8 of the Placement Agreement executed by Elayda on 20 MAR 08
At that time it has been 60 days from his receipt of the initial request - as evidenced by the Certified Mail receipt executed by his office on December 07,2009 At this writing, he made no response regarding redemption of shares nor have I received a Form 1099 reporting earnings for 2009 from Elayda. In fact, the only statement of interest earnings I was provided was for the quarter ending December 31, 2008 Certain disclosures normally provided on a Form 1099 such as (Payors Tax Identification Number) have not been reported to me.
I notified him that if I do not receive a written response to this request by March 15 (90 days from my initial request) regarding payment of principal and accrued interest, I will consider his actions to be non compliant with the terms of the Placement Agreement and will formally report your actions to Financial Industry Regulatory Authority as he was a licensed broker with Investment Center of Tanglewood (CRD# 2596623) at the time the contract was executed. I also reported his questionable tax reporting practices to the Internal Revenue Service.
Again, I asked him to please contact me directly if he required clarification or any additional documentation to execute this transaction. If payment was not received, I will proceed with contacting FINRA, the Internal Revenue Service and/or any other forum, including the Texas State Attorney Generals Office and the Securities and Exchange Commission, to enforce payment.
On15 MAR 10, (18:23:03) Elayda sent me an email and an attachment stating:
Not trying to give you the idea that I am not available but have been extremely busy. Were you able to receive your year end statements as requested. As for additional information, we are working on finalizing a joint venture agreement with our partners to put our investment to a close with them. I have attached the copy of the LOI which was revised throughout our negotiating period with our advisers and investors. For your eyes only.
This positions Comentum and its investors into a position of control of the new company and how the distribution of shares of the new entity will be awarded to Comentum after the operational period of five years. THis is the main result why our liquidity is enormoursly limited due to the functionof dealing with the banking regulatory involvement of closing our investment banking deal as well as the outstrech of the additional liquidity to our clients.
Regards,
Jon N. Elayda
Comentum Capital
Opportunities, Inc.
19 Briar Hollow Lane Ste 125
Houston, Texas 77027
Ofc: 713-465-1001
Fax: 713-532-3433
Cell: 713.449.5607
I then reported Elayda to FINRA on 23 MAR 10 (Filing ID:720968), Attorney General of Texas on 01 APR 10(ID: H337424), and the Internal Revenue Service (REF: 0855875309) for non-compliance with the terms of the Comentum Captial Opportunities Placement Agreement (Account Number HCCFR-1016 5758). On 30 JUN 10, 1130 PST, I contacted Elayda at his 713.465.1001 contact number and asked him as to when would I expect my investment. He replied by informing me that the Investment is in the process of liquidation so that he can write me a check.
As of now he has been docking and dogding.
Abel Murillo
Houston,Afghanistan
REPLY TO JON ELAYDA'S LYING REBUTTAL
#5Author of original report
Sat, December 12, 2009
My answer to this person called Jon Elayda:
Regards,
Comentum Capital
Opportunities, Inc.
Jon
Houston,Texas,
United States of America
No Good Deed Goes Un-Punish
#5REBUTTAL Individual responds
Fri, December 11, 2009
Complainant was referred to us by his previous funder to assist complainant with getting his paper work, accounting and procedures up to snuff to qualify with lenders of PO and factor fundings.
We must submit financials and contracts satisfactory to lenders from any company desiring to use this type of funding.
We worked with complainant to get his paperwork and accounting into a form satisfactory to lenders' requirements. Complainant consistently missed meetings to address these concerns claiming he was in Mexico all the while, it turns out, he was hiding in Houston.
Funds were available if the lenders' qualifications were met. They were not. Complainant did not qualify, therefore funding was not completed.
We were asked by complainant's previous funder to help him, which we tried to do, but he didn't qualify and now we have to put up with his spiteful, immature petulance.
Sincerely,
Jon Elayda
Comentum Capital Opportunities