- Report: #1295423
Complaint Review: Justin Cozart - Santa Monica California
Reported By:
Worcester Developer -
Worcester, Massachusetts, USA
Submitted:
Updated:
-
Author Not Confirmed
Why?
Justin Cozart
Santa Monica, California, USA
Phone:
312-502-8474
Web:
N/A
Categories:
Business Rating:
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Justin Cozart PWC, Private Wealth Capital, AJMC Holdings RUN AWAY - Do Not Beleive a word this company tells you. Santa Monica California
Justin Cozart of PWC" Private Wealth Capital" and his attorney Greg Mizen are scam artists. Do not send them money do not beleive a single document they send you to be true. We paid them to close on a $ 8.5 M Loan for a development in South Carolina. We requested proof of funds upon sending $ 6K to Greg Mizens Office for Underwritting and Loan Processing on December 23, 2015 with the expectation that we would fund 30 days later. Upon issuance of the funding of the underwritting process we waited until the 13th of Jan for any real conversation and dropped all our information into the required drop box.
We first sent it to Greg Mizen since according to his invoice he was the underwritting department whcih we received an email form Justin that Greg Mizen was only developing the closing docs and all documents needed to go through him not his attorney. We complied on the 17th of Jan we were informed we needed to provide an updated appraisal which we oredered and delivered on Feb 17th. We were than informed on the 22nd of Feb we need additional information on four houses that were part of the value and needed to follow HUD format. That information was provided on the 29th of Feb. We were promised that we would be able to close on the loan on the 15th of March and then Justin went dark on us after multiple phone calls and requests for updates we received emails that stated.
Stop Pushing, I will update you when I have and update or no response at all. When we started asking questions on his prooof of funds letter we found that the bank he uses is a private bank and will not provide any information, when ask Justin stated this is not the way we do this and stated we were to difficult a client and did not want to work with us.
When we reached out to Columbia Pacific a fund he stated he had worked and closed loans with they knew of him but had never closed a loan with him and the information he was providing was completely false. We were not able to verify any funds that were going to be used for the loan and when we confronted Justin on this we received additional vauge or false information.
We requested our $6K back and were told that due to our many requests and pushing this required additional legal expense and we were not going to get any monies returned. We requested billing and documents to verify costs spent and were told we would get the infomration. We are waiting for that information to arrive at this time and will update if received.
Bottom line is we have spents hundred of thousands of dollars with the expecatation this funding was coming, between deposits, engineering and legal costs.
If someone else has experienced this please contact me through this service since I am going to compile our files and correspondence and send it to the State Attorney Generals Fraud Office in the States Justin and Team operate from and the FBI.
Bottom Line- Stay Away from this group and Justin Cozart in particular, they are Scammers and have no ability to achieve what they tell you. Total waste of time and energy.
2 Updates & Rebuttals
Justin Cozarts Continual Fabrications
#2Author of original report
Mon, July 25, 2016
In regard to Mr. Cozarts information he is incorrect on a number of fronts.
1st. We requested proof funds based upon Rip Off Report information that stated that he had not provided monies on prior occassions.
We paid up front $ 6000 to his firms attorney to fund the closing docs since we had received a commitment letter stating that the monies were available and that this upfront cost was for the funding of the loan.
We were provided information in the prooof of fund letter that was fraudulent since he represented that one of the funds he had access to was a total farication confirmed by the fund manager.
After months of either no communication or very little communication we found through our resources that Mr. Cozart was trying to find the funding for the project and at the time of his firms commitment letter he neither had the access to the capital to fullfill his firms commitment letter and had misled us for months.
Both his firm and Mr. Cozarts actions have cost our firm over $ 130,000 in legal costs and lost deposits to date.
The issues he bring up in his rebuttal do not have any relative context to his lies and false commitments. They were never relevant to our interactions with Mr. Cozart and had no bearing on the outcome of our experience with either him or his firm.
I warn anyone who is looking to get involved with Mr. Cozart to not to spend any time or effort on either he or his firm since it is a total fabrication and neither he or his firm have the ability to achieve any of the promises or commitments made.
I can only warn you that any monies you send either to his Layer or to his firm directly will be lost and you will spend months chasing this ghost for no reason at all.
Go anywhere else since spending time here is a total loss.
LOAN RESPONSE
Santa Monica,California,
USA
GEOFF EVANCIC WHIPPLE CONSTRUCTION
#3REBUTTAL Owner of company
Wed, June 15, 2016
Geoff Evancic was brought to our firm for a loan in November of 2015.
The last client who filed a complaint here and we denied a loan, failed to disclose felony gun charges he had pending against him.
Mr. Geoff Evancic also witheld information.
Despite Mr. Geoff Evancic's false statements he NEVER paid our firm anything. It's a complete lie. We received zero dollars from Mr. Evancic. We never received any deposits from Mr. Geoff Evancic ever. Mr. Geoff Evancic wasted much of our time and money and apparently is still continuing to do so.
Mr. Evancic asked for a proof of funds in the beginning of the loan process before his loan was even underwritten. We didn't even know which one of our funds we could take it to without the underwriting being complete. Mr Evancic wanted proof of the funds that we worked with which we provided to him some examples.
No representations or committments were made specific to any fund and a clear to clsoe was nto issued to Geoff Evancic and Whipple Construction because of his own actions.
Mr. Geoff Evancic paid the legal expense directly to the law firm handling the legal processes. When we stopped working with Mr. Evancic he turned the attorney in to the Illinois Bar Association. The Illinois Bar deemed the attorney did no wrongdoing.
In order to seek revenge he went on this site and now he is going to try to file other bogus claims. He defames my character personally and our companies reputation and tells outright lies. It’s a shame he has nothing better to do with his life then try to destroy people.
Mr Geoff Evancic withheld multiple information about himself and his relationships in the deal. He represented on his personal financial statement money that he personally spent on the project that he did not spend.
He failed to disclose his involvement in multiple lawsuits.
Mr Evancic was extremely abrasive to the point that we could no longer help him or work with him. He became toxic.
If you want to follow Mr Geoff. Evancic, Whipple construction and their business dealings you can start with the following articles online:
http://www.telegram.com/article/20151210/NEWS/151219826
https://www.pacermonitor.com/public/case/9738911/New_England_Carpenters_Central_Collection_Agency_et_al_v_Whipple_Construction_Inc_et_al
http://chapter11cases.com/2015/11/11/new-bankruptcy-opinion-in-re-bb-island-capital-llc-bankr-court-d-massachusetts-2015/
