- Report: #467896
Complaint Review: Barrett Capital Exchange And Tom McKenzie - Port Colborne Ontario
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Barrett Capital Exchange And Tom McKenzie
4 Stonebridge Dr Suite 7 Port Colborne, L3K 5V4 Ontario, Canada
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Barrett Capital Exchange And Tom McKenzie Misrepresentation Port Colborne Ontario
"Barrett Capital Exchange" claims to be a group of lenders when indeed are nothing more then brokers. They try to show that they are considering funding your project when they are indeed shopping the loan themselves with hopes that they will find the funding.
In the process, they charge hefty upfront fee's from all and then come up with excuses as to why they can not fund the loan. They receive and review your business plan before they charge the fee's and they lead you to believe that they can get the project funded by their group.From the onset- a conference call is then scheduled with Tom McKenzie who claims to be one of the investors who asks meaningless basic questions to make it look like they really are interested to fund the project. The fee's are then sent to Barrett and they send you a signed worthless retainer agreement. In other words, they cover their bases to protect themselves from being taken to court. This company makes a living out receiving fee's from honest people that believe Mr. McKensie when he claims after seeing your business plan that he can obtain within his group funding for the project. Of course, the fees at this point are not yet sent. This is to give a company owner hope so he/she sends Mr. McKenzie the due diligence fees they request with the hope of being funded. Yeah - GOOD Luck on that one!
Mr. McKenzie is actualy just another broker. His daughter, Michelea Barrett who claims is her company is a note taker.
Save yourself a headache and money and stay away from these jokers unless you like giving them another monetary contribution!
Defrauded company owner
New York, New York
U.S.A.
In the process, they charge hefty upfront fee's from all and then come up with excuses as to why they can not fund the loan. They receive and review your business plan before they charge the fee's and they lead you to believe that they can get the project funded by their group.From the onset- a conference call is then scheduled with Tom McKenzie who claims to be one of the investors who asks meaningless basic questions to make it look like they really are interested to fund the project. The fee's are then sent to Barrett and they send you a signed worthless retainer agreement. In other words, they cover their bases to protect themselves from being taken to court. This company makes a living out receiving fee's from honest people that believe Mr. McKensie when he claims after seeing your business plan that he can obtain within his group funding for the project. Of course, the fees at this point are not yet sent. This is to give a company owner hope so he/she sends Mr. McKenzie the due diligence fees they request with the hope of being funded. Yeah - GOOD Luck on that one!
Mr. McKenzie is actualy just another broker. His daughter, Michelea Barrett who claims is her company is a note taker.
Save yourself a headache and money and stay away from these jokers unless you like giving them another monetary contribution!
Defrauded company owner
New York, New York
U.S.A.
2 Updates & Rebuttals
SAM
PALMDALE,California,
United States of America
They do fund.
#2Consumer Comment
Sat, September 22, 2012
Sometimes it is just time to speak up. Tom Mckenzie does and has funded numerous deals. He also goes by Mack. If you Google him you will see the Internet Rip Off Reports, but what you do not see is who is posting them. A customer of his that supposedly was ripped off.
Well, in my opinion if someone wants to make a statement they have that right, but they should not hide behind a curtain of the internet and spout rumors as they are fact and especially when it can economically harm someone. In addition, when Mack was asked he said he did not have a clue on who these people were, because they never left their names, their real names. All they ever did was leave a project name that they were supposedly ripped off on. With this there are all ways two sides to a story.
Mack has funded numerous deals and at his website www.tmebf.com he posted a complete list. Then someone harassed all of those clients demanding to verify that Mack had funded them. This created a hailstorm of backlash and Mack has now chosen to retire, but he is still funding deals and will continue but at his choice and on his terms. We are currently sourcing the individual and we will refer this action to our legal department for review of action.
In the world of wanting to get your project funded everyone wants a sure thing. Well the main reason deals do not get funded is because they are not good deals. There are many things that cause this, a poor plan, inexperience of the creator, a poor team, not asking for enough or too little money and most of all the back ground of the person creating the plan.
All investors check you out, do a back ground, run a D+B and most of all verify that your plan works or in fact is your plan. This is calleddiligence and it costs money and the average cost is in the $500.00 range, but if it is done in house the cost is lower.
The next time an investor approaches you on funding yourproject you do your diligence and do a back ground check, a D+B, a credit report and back ground on the investor. Do this instead of posting the investor on a website to see if anyone has dealings with them. Posting some on a website is counterproductive and is not doing your diligence. Because sooner or later the real scammers will start posting positive responses to your postings and then they really will scam you. In the world of business intelligence this is what is called counter intelligence. You counter the threat by beingproactive instead of listening to rumors. Do your real due diligence and not creating a rumor mill.
SAM
PALMDALE,California,
United States of America
Another whiner
#3Consumer Comment
Sat, September 15, 2012
Here it is agin. They do not leave their name nor whom they are. Just saying they were ripped off. Nor do they give why they were not funded. The bottomline is Mack funds deals otherwise he would not be in business.
