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  • Report:  #1029294

Complaint Review: Phoenix Capital Investment Company Antelope Valley Financial Services Bob Russell Cal Jacobson

Phoenix Capital Investment Company, Antelope Valley Financial Services, Bob Russell, Cal Jacobson, Crosslink Minerals Beware of Dealing with these guys! Palmdale California

  • Reported By:
    Coeur d'Alene Idaho
  • Submitted:
    Sat, September 08, 2007
  • Updated:
    Fri, August 08, 2008
  • Phoenix Capital Investment Company, Antelope Valley Financial Services, Bob Russell, Cal Jacobson
    3524 E Avenue R
    Palmdale, California
    U.S.A.
  • Phone:
    661-274-2097
  • Category:

I read the report from Joe in CO and his experience is identical to mine. I have trusted these individuals for over a year! There has beeen one promise after another in that time frame. We have set numerous closings up based on their promises only to have them go AWOL for days on end. Then we only hear of some vague excuse why they could not follow through on their committment. Any excuses ranging from Homeland Security, the weather in New York, converting Chinese mineral/mining deposits, these guys are sure to use. They do not return phone calls or emails and have cost me and my associates many valuable time and resources. The cycle goes like this: Yes we can do this, yes we need this information, yes, we should know by the end of this week, yes we just got the money from overseas, yes we will close by 1st to next week. When the it gets close to closing date, they disappear for a week then to let you know the money was held up by Homeland Security or the weather in NY. And so it goes for over a year. A company can fund deasl or make excuses but they can not do both.

Don't send them any money. If they say they can fund a $500 car loan they will then ask you to spot them $499. Run, do not walk away from these guys as fast as you can.

Don
Coeur d'Alene, Idaho
U.S.A.

2 Updates & Rebuttals


Robert Driscoll

Palmdale,
California,
U.S.A.

Don--you are mistaken

#3REBUTTAL Owner of company

Fri, August 08, 2008

Don. You are mistaken as I have stated in the other report you filed. Prove your accusation. Show me wire transfers, checks etc that show we took money from you. WE NEVER DID. Nor did we ask you to "spot" us any funds. We NEVER took any money from you or anyone else. Your project was ill conceived from the start and we had challenges even finding an investor to look at it. also, we never had an exclusive agreement with you, and you could have taken your project anywhere for funding. We worked long and hard on your project and never received any payment. That is how we work. We get paid when the project funds. Why didn't you take your project any where else for funding? It is because everyone else DOES want up front money for putting together the package that we put together for you for free. I am sorry if you feel that we somehow ripped you off, but your accusations on this site are 100% false.

This is my response to Joe Oltman's false accusations:

I just found out about this site. I guess anyone can say anything they want here without any proof or any kind of repercussions.

For the record: Antelope Valley Financial Service, inc. and Phoenix Capital Investment Group, LLC never have, and never will take up front money for any projects that we are working on acquiring financing for. I would challenge Joe Oltman to come up with proof that we did. Joe has stated that we even chose our name to try and sound like another company out of Arizona. How funny. We chose the name because Bob Russell was diagnosed with terminal pancreatic cancer 5 years ago, and came back from the brink. Just like the bird of legend, the Phoenix. We told Joe we would look for funding for his project, that was all. We never even had an exclusive with Joe Oltman. He could have looked anywhere for the funding. We spent countless hours putting his project together without receiving or asking for any money. That is what we do. When the project gets funded, not until then, we get paid. It has almost been a year since he accused us of Economic Espionage, Fraud, and Civil Theft. Yet no lawyers or government officials have knocked on our door or even called us to present charges. He states that he has proof that we have defrauded him. Let him present his in court, not here where he sounds like a adolescent child. He should take his proof to an attorney first though, and have them look at the whole contract. He obviously doesn't know how to read a contract. Maybe he has and that is why we haven't heard anything else about this, because there is nothing there. We originally gave him a contract because he needed something to show to his principles so he wouldn't loose his project, or so he said. We later found out that he was the one committing fraud. He used our contract, minus the addendum which clearly states if we retain an investor for his project he will be funded, to try and acquire loans from banks. We received numerous calls from banks about this funded project. This is why he is so upset, we could not ethically tell the bank that yes, he was funded so he received no monies from the banks. Once again, we stated in the contract that we would fund his project, if and when we found an investor that was willing to take the enormous risk his project represented. He tends to leave out that portion of the contract when it suits him. Also, Joe Oltman is a very dangerous individual. We have heard that he is bipolar and sometimes forgets to take his medicine. When our investor, Kelly Jones, started to check out the project he decided not to fund it and put his money elsewhere Joe Oltman called our office and my cell phone 7 times. I have transferred these calls to a cassette. He threatened not only Bob Russell and I, but also our families. At one point he told us that he hopes we love our families, and to kiss them goodbye because he is going to come out to California for a visit. I have this on recording and have filed a report with the Los Angeles County Sheriffs Department. I am sorry that Joe Oltman doesn't understand how to read a contract and could offer up any help he would require in understanding the intricacies of one. However, accusing us of these violations or crimes on this site is unwarranted.
Robert Driscoll
one other note: Joe Oltman is obviously not as astute as he thinks he is, and he is obviously operating from feeling like an adolescent that has been jilted. I feel sorry for him, but I have never been in trouble with the law as he has again, wrongly stated. He is probably using one of those search engines and my name comes up. I challenge him to bring proof to COURT on these matters. My attorney's are well prepared to take this matter up. If I had known about this site I would have responded a year ago through my attorney's. Now it seems a little mute, but I wanted a response to these false accusations posted on this site.


Robert Driscoll

Palmdale,
California,
U.S.A.

Don--you are mistaken

#3REBUTTAL Owner of company

Fri, August 08, 2008

Don, we never took any money from you or anyone else. Our delays are due to the fact that your project was ill put together from the begining and even though we tried to make it presentable out investors go cold feet when it came down to money time. Did we EVER sign a contract with you. NO. Just because we couldn't get an investor to put his money up you are upset. Why didn't you take your project elsewhere? It is because everywhere else wants up front money. That is why. Everyone else won't work for you for free. Good luck with your funding.
Robert Driscoll

By the way here is my response to Joe Oltman's false accusations:

I just found out about this site. I guess anyone can say anything they want here without any proof or any kind of repercussions. For the record: Antelope Valley Financial Service, inc. and Phoenix Capital Investment Group, LLC never have, and never will take up front money for any projects that we are working on acquiring financing for. I would challenge Joe Oltman to come up with proof that we did. Joe has stated that we even chose our name to try and sound like another company out of Arizona. How funny. We chose the name because Bob Russell was diagnosed with terminal pancreatic cancer 5 years ago, and came back from the brink. Just like the bird of legend, the Phoenix. We told him we would look for funding for his project, that was all. We never even had an exclusive with Joe Oltman. He could have looked anywhere for the funding. We spent countless hours putting his project together without receiving or asking for any money. That is what we do. When the project gets funded, not until then, we get paid. It has almost been a year since he accused us of Economic Espionage, Fraud, and Civil Theft. Yet no lawyers or government officials have knocked on our door or even called us to present charges. He states that he has proof that we have defrauded him. Let him present his in court, not here where he sounds like a adolescent child. He should take his proof to an attorney first though, and have them look at the whole contract. He obviously doesn't know how to read a contract. Maybe he has and that is why we haven't heard anything else about this, because there is nothing there. We originally gave him a contract because he needed something to show to his principles so he wouldn't loose his project, or so he said. We later found out that he was the one committing fraud. He used our contract, minus the addendum which clearly states if we retain an investor for his project he will be funded, to try and acquire loans from banks. We received numerous calls from banks about this funded project. This is why he is so upset, we could not ethically tell the bank that yes, he was funded so he received no monies from the banks. Once again, we stated in the contract that we would fund his project, if and when we found an investor that was willing to take the enormous risk his project represented. He tends to leave out that portion of the contract when it suits him. Also, Joe Oltman is a very dangerous individual. We have heard that he is bipolar and sometimes forgets to take his medicine. When our investor, Kelly Jones, started to check out the project he decided not to fund it and put his money elsewhere Joe Oltman called our office and my cell phone 7 times. I have transferred these calls to a cassette. He threatened not only Bob Russell and I, but also our families. At one point he told us that he hopes we love our families, and to kiss them goodbye because he is going to come out to California for a visit. I have this on recording and have filed a report with the Los Angeles County Sheriffs Department. I am sorry that Joe Oltman doesn't understand how to read a contract and could offer up any help he would require in understanding the intricacies of one. However, accusing us of these violations or crimes on this site is unwarranted.
Robert Driscoll

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