- Report: #707626
Complaint Review: Kovacs Constultants & John Kovacs - Coronado California
Reported By:
Jay -
San Diego, California, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Kovacs Constultants & John Kovacs
120 C Ave Unit 302 Coronado, 92118 California, United States of America
Phone:
314 591 7115
Web:
www.kovacsconsultants.com
Categories:
Business Rating:
(0)
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Kovacs Constultants & John Kovacs kovacks, kovaks, joey or joseph paglia Loan Scams, Business Plan Scams - Very Dishonest Owners with No Credibility Coronado, California
John Kovacs of Kovacs Consulting Group is a young individual of 28, who appeas to prey on people who he befriends. He befriended Doug Sperber about a year ago, and in turn became friends with all Doug's friends too. Then he started promoting his business of writing business plans. This turned into obtaining capital for your business.
John's loan scam was to charge $20,000 application fee for a Stand By Letter of Credit for $300,000. When the loan is approved, you pay another $15,000. Doug and I applied for this loan and a month later found out this is a scam. John told me I was to expect some Chase closing documents with 4.9% interest rate. Of course docs never came. Doug found out one of the partners from Kovacs, Joseph Paglia, used some of the application money for something else, and this is why the loan was not approved. Appears the application fee never went to the bank.
We are still trying to get a full refund from Kovacs Consultants at this poing. The disturbing thing about all this, is that John Kovacs has repeatedly lied about the status of this loan and the refund. He has acted in a VERY unprofessional manner and at this point has no credibility with me or any of the scores of customers he has lied to. There are many customers who applied for this loan and have yet to see a refund or a loan. I don't even know if any of John Kovacs customers ever got a loan.
Doug is doing his best to work with Kovacs Consultants to obtain refunds. I will keep this blog updated with any real progress.
John's loan scam was to charge $20,000 application fee for a Stand By Letter of Credit for $300,000. When the loan is approved, you pay another $15,000. Doug and I applied for this loan and a month later found out this is a scam. John told me I was to expect some Chase closing documents with 4.9% interest rate. Of course docs never came. Doug found out one of the partners from Kovacs, Joseph Paglia, used some of the application money for something else, and this is why the loan was not approved. Appears the application fee never went to the bank.
We are still trying to get a full refund from Kovacs Consultants at this poing. The disturbing thing about all this, is that John Kovacs has repeatedly lied about the status of this loan and the refund. He has acted in a VERY unprofessional manner and at this point has no credibility with me or any of the scores of customers he has lied to. There are many customers who applied for this loan and have yet to see a refund or a loan. I don't even know if any of John Kovacs customers ever got a loan.
Doug is doing his best to work with Kovacs Consultants to obtain refunds. I will keep this blog updated with any real progress.
3 Updates & Rebuttals
Victim!
San Diego,California,
USA
REFUNDS
#2Author of original report
Wed, March 30, 2011
Kovacs Consultants is attempting to pay me back. I am to expect partial refund tomorrow, and a few releases to sign, for the remaining funds. From what I can tell the company is trying to do right by me eventhough the loan company did not work out in processing the loan. More positive news hopefully tomorrow.
Victim!
San Diego,California,
USA
No Progress
#3Author of original report
Sat, March 19, 2011
Well, I was promised a hold harmless release today, but of course, zip! This is deeply dissapointing. John said I would be paid back 48 hours from last Monday, and now its Friday, still no money and not a word from John. Again, a huge dissapointment. If I don't hear from John by tomorrow, I am moving forward and filing a police report. If I don't receive a refund by Monday, filing a law suit. John Kovacs leaves me no choice!
Jay B.
San Diego,California,
United States of America
Partners in Kovacs Consultants Hire Attorney
#4Author of original report
Fri, March 18, 2011
I just heard that some of the partners in Kovacs Consultants, Joey or Joseph Paglia, hired an attorney but unknown why. Maybe to offer all the victims a settlement? More later.
