Complaint Review: Kevin Monahan - Ft meyers Florida

STATEMENT OF FACTS 1. In December of 2020 Mr. DaCosta entered into a Contractual Agreement with Kevin Monahan & Franchise Guardian (FG) in which he would invest $35,000.00 into a "Franchise Agreement” that would have FG completing the following: (1) filing to trademark the name "Dabomb Sports Grill”; (2) Deliver a completed Financial Disclosure Document; (3)Deliver an Operations Manual – all by the date the final payment was due in February 2021. The total payment and investment amount was: (1) initial payment of $12,500; (2) second payment of $7500; (3) third payment amount of $7500; (4) last payment of $7500 – for a total amount of $35,000. None of the promised deliverables were provided. 2. During January of 2021 Mr.Dacosta. DaCosta was informed via Mr. Monahan that $18,000.00 needed to be wired to an escrow account to show that the franchise has a minimum amount of reserves to match the reduced franchise fee. Mr. DaCosta was advised that this $18,000.00 would only need to be held in the account for 60 days but would be returned thereafter. Mr. DaCosta wired the funds and after 60 days the money was never returned. 3. In February of 2022, Mr. DaCosta was again contacted via Mr. Monahan about another investment opportunity where he would bottle and sell Mr. DaCosta’s "Awesome Sauce” in Sam’s and Walmart. Mr. DaCosta was instructed to wire an additional $8,000.00. After wiring the money, Mr. DaCosta never received samples and his sauce was never sold in the locations promised. Instead, Mr. DaCosta was offered to be featured in Entrepreneur Magazine with a full page article at a cost of $2500. Mr. DaCosta was asked to wire the $2500 and after doing so, the article never was created. 4. In September of 2022, Mr. DaCosta was again contacted via Mr. Monahan about another investment opportunity with an offer to build a franchise location in New York. He was told that he merely needed to provide $10,000.00 to gut an existing property to prepare for the build. So, Mr. DaCosta wired $10,000.00 in anticipation of starting this new business in New York. While wiring the $10,000.00 Mr. DaCosta inadvertently sent an additional $15,000.00 to Mr. Monahan, that was supposed to be transferred into Mr. DaCosta’s business account. Mr. DaCosta recognized the error and immediately demanded that Mr. Monahan return the funds. It was not until several weeks later and multiple transactions that Mr. DaCosta received the funds, but this finally made Mr. DaCosta realized that he was being scammed. After my client made a total of $73,500.00 in investment contributions, he was lead to believe that you would honor these contractual arrangements and be compensated according to the offer of each Partnership Agreement created via text that he ultimately accepted by transferring said funds via wire. Instead, Mr. DaCosta has not received any compensation in return for his capital investments nor the original capital. When Mr. DaCostta inquired over time about each business investment, he was assured that each business was moving forward and it would only be a matter of time before he received compensation. Consequently, that never happened and you ultimately filed a Cease & Desist Letter on Mr. DaCosta.

Is available at this site. Just type in 502469 and it appears in Consumer Comment #19 at Ripoff Report #502469.

Thank you for sharing your Ripoff Report with everyone. Feel free to upload evidence in order to support what was stated in your Report.

Have a relaxing weekend.

*****NATIONWIDE ALERT: All Americans are strongly urged to type in 472051 at this site and read Ripoff Report #472051 and all of the consumer comments for extremely important information.