Complaint Review: Pacific West Equity & Financial BARONS INVESTMENT - Costa Mesa California

This Letter was sent to Governor Arnold Schwarzenegger, State Capitol Building, Sacramento, Dear Mr. Schwarzenegger, In response to our telephone conversation this morning, please accept this letter as a formal complaint against the following names and company, Pacific West Equity & Financial and Investment Group (PWEF) and Robin R. Thompson, are doing business as a Mortgage Broker / Lender at 600 Anton Blvd., Suite 1100, Costa Mesa, CA 92626.

FACTUAL BACKGROUND OF THE OWNERSThat PWEF is owned, and the control of the operation of the company itself, is by Robin R. Thompson and his family, the OWNERS. This misconduct described below is part of the owners' routine practices.Pacific West Equity & Financial and Investment Group (PWEF) and Robin R. Thompson are doing business without holding any license from the state of California;

The OWNERS have engaged in a course of conduct with regard to the company, consistently violating state and federal laws;

Conspiring to defraud the consumers, the bank and government and the private investor;

Violating the rights of the consumers in this, and all the lending companies across the country and outside;

The owners have a history of working alongside many people in the lending broker scamming business;

The owners opened and operated and caused a similar company to close by all kinds of government and state authorities. MORGATGE FRAUD AND MISREPRESENTATIONS.

The company has a Call Center located in Costa Mesa, CA. This Call Center is structured as a boiler room, which is a rented space with desks, telephones and trained scam artists who place hundreds of calls daily to people all across the country. They use a number of different scams but each one is designed to steal and defraud the people, the Banks and the taxpayers' money.

The owners know that the person calling doesn't know that. The caller is under the impression that they are calling a legitimate lending investor, but the truth is that they are not. They are calling a boiler room set up to scam a) The office of Barons Investment & Trust who's address 415 Madison Ave., Suite 1400, New York, NY 10017 is to set up phony and fraudulent letters of Proof of Funds to the consumers, showing that the company (PWEF), has billions of dollars for funding. b) When the client calls the phone number on the letterhead of said company and asks to verify the funds, Ms. Susan Montgomery, who signs these letters, will make up a phony statement. c) Ms. Montgomery continues to assist the owners to make up these letters.d) That Ms. Montgomery has full knowledge that the (PWEF) does not have the funds.

That (PWEF) advertises in the yellow and white pages, and online that they will finance anyone that the bank would not, with an upfront fee.

The advertisements are listed without addresses and require use of toll free numbers.

The (PWEF) is advertised under 21 different names to be able to confuse and defraud it's victims.

Robin R. Thompson along with LAMON HOLLOWAY and its company, NUWAY VENTURE LLC, located at 670 Rolling Green Dr., Las Vegas, NV 89169 brings the victims from across the country to (PWEF) and receives kickbacks.

(PWEF) through it's employee, Don Hayes, misleads and defrauds the consumer by showing up on the project seeking the finance and makes up phony documents to justify the excessive upfront fees (PWEF) charges, in return for receiving a percentage of the fees as kickbacks.

On January 14, 2009 I delivered to said individuals and their companies a signed Letter of Interest citing an obligation for $36,517,500.00 to Pacific West Equity & Financial and Investment Group, attached hereto as Exhibit "A".

On January 15, 2009 ("PWEF") sent me a letter of Proof Of Funds from BARONS INVESTMENT & TRUST, which shows a balance of $1.8 billion in there account signed by it's representative, Susan Montgomery, attached hereto as Exhibit "B".

On January 16, 2009 (PWEF) sent me a letter to wire $17,500.00 forthwith and an additional $17,500.00 to be paid upon signing of the Commitment Letter, attached hereto as Exhibit "C".

That on or about January 16, 2009 Thompson, Holloway, Montgomery, through their companies mentioned above, seduced me to pay $35,000.00 in order to be able to obtain a Commitment Letter.

In fact, the letter was delivered to and accepted by them, even though (a) they knew that they did not previously deliver consideration of the deposit paid, and (b) that they had no plan, and no intent to ever deliver more. Instead, they sought keeping the $35,000.00 deposit.

Nevertheless, to seduce me into paying the $35,000.00 at once, the individuals mentioned above committed Corporate and Mortgage Fraud by;

Falsification of financial information, including false accounting entries, issuing bogus letter of Proof Of Funds from BARONS INVESTMENT & TRUST, which shows a balance of $1.8 billion in ("PWEF")'s account. This letter designed to inflate profit, and false transactions designed to evade regulatory oversight,(2) Self-dealing by corporate insiders, including: (a) Insider Trading, (b) Kickbacks, and (c) Misuse of corporate property for personal gain.

They knew full well that I was relying on their representations and the proof of funds letter from Baron's Investment & Trust and that the loan would be funded from those funds.

The (PWEF) to seduced me to pay $35,000.00 sent a letter on January 16, 2009 with the closing date for January 30, 2009. Then they requested it to be changed until February 6. Then once again they requested it to be changed until February 13th, 23rd, Finally, they set the final closing date on March 6, 2009, attached hereto as Exhibit "D".

On numerous occasions I requested from these companies mentioned above to supply me with a list of the documents they would need for the closing. Please keep in mind that, when they sent me the agreement for the loan amount, the only thing they asked for was the name of my company and the $35,000.00 upfront fee and no documents at all.

After 18 different emails and numerous phone calls to Mr. Thompson seeking the list of the documents required to close the loan, finally, on February 15th he sent me an email, and I quote, Mohamed, here is the list of items that we need. If you do not have them or feel that they do not apply, please explain in detail and I will see what I can do.

I have performed all conditions precedent required of me and sent over all the required documents forthwith.

On February 23rd they responded with an email Mohamed, Thank you, I have received your documents. I am actually speaking directly with the investor about this today and will see how fast we can get this completed.

On March 2, 2009 the individuals mentioned above informed me that there would not be a closing and there is no money to fund the loan.

On March 5th Thompson emailed, and I quote, I REALLY DON'T KNOW AT THIS TIME. WE MAY HAVE SOMEONE TOMORROW OR 5 YEARS DOWN THE ROAD. AT THIS TIME I AM CONSIDERING CANCELING THE WHOLE THING.

Numerous demands were made to fully refund the deposit, from March 3, 2009 through and including today's date, as is established by numerous emails. In addition, despite these numerous demands, these companies, through their owners and agents, refused to REFUND my upfront fee deposit.

During the course of approximately three (3) months, they fraudulently induced me to pay in excess of $35,000.00 by falsely stating and representing that prior to issuing a Commitment Letter, I must pay this amount and that these monies would be listed as a credit on the closing statement.

These individuals and their companies knew that the statements were false because they never intended to give credit, as represented to me. These individuals and their companies knew that the statements were false because they never issued a Commitment Letter, as represented to me.

These individuals they knew full well that I was relying on their representations to obtain a loan and that the loan would be funded.

That Thompson, Holloway, Hayes, and Montgomery intended for me to rely on their false statements and representations and were intentionally fraudulent and deceitful in order for them to manipulate and steal my money for their own personal use.

I'M RESPECTFULLY requesting that your department get involved and investigate, resolve this matter and issue your recommendation to refund my deposit back in full and award such other and further relief as this office deems just and proper.

Ripoff buster

San Jose

Costa Rica