- Report: #1423051
Complaint Review: Anthony Burges Royal Capital Partners Llc - New York New York
Reported By:
Steven -
henderson, Nevada, United States
Submitted:
Updated:
-
Author Confirmed
Why?
Anthony Burges Royal Capital Partners Llc
New York, New York, United States
Phone:
917-500-3139
Web:
N/A
Categories:
Business Rating:
(0)
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Anthony Burges, Royal Capital Partners Llc Anthony Burges Upfront Due Diligence fees ($25,000.00) in order to provide Debt/Equity in the amount of $17,000,000.00. New York New York
A deal was struck, a firm investment/equity contract was signed, stock issued, proof of funds provided, no less than 7 ABSOLUTE letters, emails and lastly a 7 person conference call with date certain to fund, but never funded. A complete ripoff, prior complaints and SEC against Burges come back. Once revealed Burges has refused numerous calls, emails, texts, just disappeared. Associated named parties, Artisan Bespoke Llc (DD firm), David Franklin of FIsher Enterprises, Adrian Little. Everyone beware, we have contacted, the NY dept of Real Estate, the BBB, the Department of Consumer Affairs, the SEC, the CFPA.
It appears we are not the only people Mr. Burges has defrauded, although none of the above mentioned agencies will confirm, "numerous" reports have been filed. Although we have been defrauded and little can be done, the following banks and companies associated with each are taking it very seriously. Royal Capital Partners Llc JP Morgan Chase, Artisan Bespoke Llc Citibank and Bank of America.
If anyone is asked for upfront fees paid to any of the above parties, get names, addresses and phone numbers, all are part and parcel of one another continuing the fraud. Mr Burges was convicted of fraud by default by the SEC, a no show, google Anthony Burges v. SEC.
BE AWARE!
2 Updates & Rebuttals
Anthony
New York,New York,
United States
Client Fraud
#2REBUTTAL Owner of company
Wed, July 18, 2018
This client engaged Royal Capital Investor Group to provide $17 MM in financing for the purpose of expanding their business. The client signed an LOI representing that all outstanding debt was in good standing and that there were no material misrepresentations or ommissions in the information they provided. After the client signed the engagement letter and provided the good faith deposit, we discovered that the client had taken out a $2 MM loan several years ago and DEFAULTED ON THE VERY FIRST PAYMENT! The client letter settled this $5.6 MM debt ($2 MM principal plus default rate interest and late fees) several years later.
The client's defense was that the lender was involved in deftauding the investors that gave them the money to lend to this client as well as others. That is not a reasonable defense for not repaying investors who themselves were victims of the lender. Additionally, the client stated that they were unaware that this was a loan and beleived it to be an equity investment and that a larger investment would follow. However, the client signed a promsisory note and a personal guarantee for the $2 MM Loan. Furthermore, the client has owned and operated a business with millions in annual revenue for over ten years. This is a sophistiicated businessman who surely consulted his attorney before signing the promissory note for the $2 MM and it is inconceivable that he was unaware that he was taking a $2 MM loan that had to be repaid.
Once this was discovered, we attmepted to secure financing from multiple sources on a best efforts basis but wree unsuccessful for the reasons stated above.
Mona
Birmingham,England,
United Kingdom
action against fraudsters
#3Consumer Suggestion
Tue, January 16, 2018
It makes me angry to see how these scammers are exploiting other people's needs. I work with a private investigation agency and we consider taking a class action against people or businesses that are complained about on this website. We aim to help our cleints and people who have been affected by frauds/scams and help them recover their money. We are well experienced (over 66 years), well reputed and we serve worldwide. If you need more information and would like us to help you please get in touch. https://www.detectiveswilsons.com/ or email us at [email protected].
Besst Wishes,
Mona
