- Report: #1121425
Complaint Review: Kodiak Capital - Newport Beach Select State/Province
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Author Not Confirmed
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Kodiak Capital
260 Newport Center Drive Newport Beach, 92660 Select State/Province, USA
Phone:
(212) 262-2600
Web:
http://www.kodiak-capital.us/
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Kodiak Capital Ryan C. Hodson,William R. Newell,Colin G. Manners,Larry J. Thompson, Jason B. Alexander Kodiak CapitalAlleging Investigation Reveals Numerous Lawsuits Alleging Extortion, Racketeering in Organized Crime Act, Upfront Fee Scam, Fraud, Litigation, Failure to Fund, Fraudulent Inducement and Conspiracy, Unfair Trade Practices, Dishonest Business Practices, Alleged Investigation by Federal FTC for Unethical/Unscrupulous Activities. Newport Beach California
Kodiak Capital states that Kodiak generally invests in platform companies with greater than $5 million of revenue, and our target investment size is $1 to $25 million. However, we will consider, and have made, investments in companies with lower revenue that are rapidly growing or have add-on acquisition opportunities. However, most of the time the companies they "claim to finance never get the money and are using the ham announcemt for investor realions reasons or to dupe other investors. When they do invest in stocks, they do so on such aggrious terms that the stocks plummet. These "investments" involve buyiing stock from the company at a huge discount and simultaneously reselling the shares into the market and pockiting the difference. To call that an investment is absolutely fraudulent and creates a death spiral for the companuy seeking the investment. In addition, they claim Kodiak generally invests in platform companies with greater than $5 million of revenue, and our target investment size is $1 to $25 million. In reality, they will offer this financing scheme to anyone who knocks on their door and gives them their fee. This includes a variety of companies rampant with fraud including CMoney (CMEY.PK), a Houston-area mobile payment startup that in an SEC filing charged chairman Wilson, company founder Jennifer Pharris and others for fraud, embezzlement and a related series of other bad deeds. Kodiak Capital in essense is a reseller when one of their death spiral equity lines is triggered, but for the most part they make fraudulant announcements about financings that ultimately don't happen. Run from them!
2 Updates & Rebuttals
CSilver
new york,New York,
Alvin Donavan again...
#2Consumer Comment
Tue, February 25, 2014
This looks like Alvin Donovan's work. He makes ficticious postings about peole he has attempted to defraud.
GSmith
Chicago,Illinois,
Kodiak Capital Death Spiral
#3Consumer Comment
Sat, February 22, 2014
I was a shareholder in Cavu resources, a junior mining company company who received a $10 million funding commitment form Kodiak Capital Group. Since that time, the stock has lost over 91% of its value and now has a mrket capitalization of under $2 million. If you see one of Kodiak's funding announcements, sell your stock and get out as fast as you can.
