- Report: #354819
Complaint Review: Frank Beninsig - Folsom California
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Author Confirmed
Why?
Frank Beninsig
2795 E.Bidwell Ste 100 Folsom, 95630 California, U.S.A.
Phone:
916-849-4270
Web:
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Business Rating:
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Frank Beninsig Fund Raising scam, posed as an investor, Folsom California
I meant Frank Beninsig at a funding post for c**k tail party where investors would listen to companies seeking fund raising to capitalize there company. Frank had a great interest in a patent pending product I own, he was very happy our company office were so close together, he then informed me that he wanted to be partners and a change from being an investor or an investor agent. He wanted to do the fund raising for my company. He could not receive a check in his name, asked to barter for his pay and to make his health insurance payments direct to his health care provider. He also asked for his rental car to be paid directly to the rental car agency.
Frank is one of thses people who tells you everything you want to hear, he received $15,000 in payments made on his behalf, products and expenses. Durning our relantionship he would say there were several investment groups who were interested in funding my project, that I needed to have a meeting with them. The meetings never happened. I then has a friend of mine who also used Frank, I learned Frank was funding raising and try to sell his company. Frank informed me on his expense report he had to pay for my Friend lunch because he was a potential investory. My friend informed me he had lunch with Frank and a investory where my friend pitched his fund raising to the investor, my company was not even talked about.
I paid Frank to work on my patents, to this date I still have not received from the USPTO of the work he completed, there is additional work to be done that he was paid to do. He does not return phone calls or has he fullfill his agreement.
Frank Beninsig has filed bankruptcy that is why he can not receive checks in his name. He informed me that he is getting assistance for his daughters to attend college that is why. If he got checks in his name he would make to much money and loose his assistence he receives for his daughters.
I then informed Frank he had to start producing results, I then put together a log showing him of the items that remain unresolved or never happened as he said they would. After I demanded results he refused to return my calls.
I gave him a credit card to use for posting on a web site where investors looked for investments, he than used the card number without permission.
Frank posses as an investors find companies in search of capital, talks a real good story promises he will be able to raise capital, makes you pay while he says he is fund raising then never comes through.
Jerry
Rocklin, California
U.S.A.
Frank is one of thses people who tells you everything you want to hear, he received $15,000 in payments made on his behalf, products and expenses. Durning our relantionship he would say there were several investment groups who were interested in funding my project, that I needed to have a meeting with them. The meetings never happened. I then has a friend of mine who also used Frank, I learned Frank was funding raising and try to sell his company. Frank informed me on his expense report he had to pay for my Friend lunch because he was a potential investory. My friend informed me he had lunch with Frank and a investory where my friend pitched his fund raising to the investor, my company was not even talked about.
I paid Frank to work on my patents, to this date I still have not received from the USPTO of the work he completed, there is additional work to be done that he was paid to do. He does not return phone calls or has he fullfill his agreement.
Frank Beninsig has filed bankruptcy that is why he can not receive checks in his name. He informed me that he is getting assistance for his daughters to attend college that is why. If he got checks in his name he would make to much money and loose his assistence he receives for his daughters.
I then informed Frank he had to start producing results, I then put together a log showing him of the items that remain unresolved or never happened as he said they would. After I demanded results he refused to return my calls.
I gave him a credit card to use for posting on a web site where investors looked for investments, he than used the card number without permission.
Frank posses as an investors find companies in search of capital, talks a real good story promises he will be able to raise capital, makes you pay while he says he is fund raising then never comes through.
Jerry
Rocklin, California
U.S.A.
1 Updates & Rebuttals
Inventor/Investor
El Dorado Hills,California,
USA
Character assassin via the web...
#2
Sat, September 12, 2009
This report on Frank Beninsig is not accurate. As part of performing what you have complained about (ie: fund raising and patents), one must examine all aspects of ones business in order to determine the soundness of not only the business, but what if any, of that product or idea, is truly patentable (not just patent pending).
That being the case, as another businessman, I do know Frank. What you have said about him is far from the mark. He was upfront and honest with you in regards to his personal life, and still you wanted to work with him. Frank continued to work with you, as he went about his other work process of discovery with the USPTO. None of this takes overnight, nor is it for free. That being said, Frank did attempt to put together investor meetings with other people/clients (you never know who might want to invest in another persons business), and pitched the idea of franchising.
In conclusion, I only see a snippet of a story of what may or may not have happened. No one works for free, and although you put out a terrific product, in the end it may not be patentable.
