- Report: #707329
Complaint Review: Capital Resources Financial Ltd. - Long Beach New York
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Author Not Confirmed
Why?
Capital Resources Financial Ltd.
248 W. Park Avenue Long Beach, 11561 New York, United States of America
Phone:
5164313335
Web:
capitalresourcesfinancial.com
Categories:
Business Rating:
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Capital Resources Financial Ltd. Patrick Murphy, George Husack, Dan Peterson Advance Fee Scheme Long Beach, New York
Patrick Murphy represented he was the former President of the AFL-CIO and that subsequent to his retirement, he created Captital Resources Financial Ltd., the ONLY entity which the AFL-CIO now accepts Executive Summary packages for loan consideration.
We signed a written contract which clearly states that in the event the loan is not provided our deposit would be refunded. Pursuant to this agreement, we paid over $1M in loan fees and miscellaneous expenses.
Numerous demands for additional documentation were required, all of which we complied with, and yet Capital Resources Financial Ltd. NEVER provided one document for the ownership as promised. After six (6) months of continual delays, the asset we sought to acquire was sold to another group.
We have requested an immediate refund of our monies as per the contract three times, but no refund has been issued in over 90 days, even though we were initially promised the refund would be forthcoming. We believe that Cpaital Resources Financial Ltd. never intended nor had the means or contacts to fund the project as represented.
We are seeking other complaintants against this company to explore legal action ASAP. Other individuals involved in this transaction are George Husack, and Daniel F. Peterson.
We signed a written contract which clearly states that in the event the loan is not provided our deposit would be refunded. Pursuant to this agreement, we paid over $1M in loan fees and miscellaneous expenses.
Numerous demands for additional documentation were required, all of which we complied with, and yet Capital Resources Financial Ltd. NEVER provided one document for the ownership as promised. After six (6) months of continual delays, the asset we sought to acquire was sold to another group.
We have requested an immediate refund of our monies as per the contract three times, but no refund has been issued in over 90 days, even though we were initially promised the refund would be forthcoming. We believe that Cpaital Resources Financial Ltd. never intended nor had the means or contacts to fund the project as represented.
We are seeking other complaintants against this company to explore legal action ASAP. Other individuals involved in this transaction are George Husack, and Daniel F. Peterson.
1 Updates & Rebuttals
Patrick Murphy
Long Beach,New York,
USA
PONZI SCAM BY CLIENT
#2REBUTTAL Owner of company
Tue, July 10, 2012
Dwaine Seiter/Summit Developers of Rexburg, Idaho was sued for Fraud, by Pat Murphy Capital Resources Financial Ltd we are the Plaintiff . The case against Seider is in the Supreme Court of New York, County of Nassau. Case # 11-05490. He concealed the fact that he was indebeted to hard money lenders whom he stiffed.
Mr. Dan Peterson whom he accuses with drew early from the project because he realized Seiter was a Fraud and did not want to loose his license. Mr. Seiter says I am not President from the AFL/CIO he is wrong . I would have been prosecuted for Fraud, a if I scammed him the authorities would have prosecuted me . We are in business since 1996 and have never had a complaint against us .
