- Report: #1168106
Complaint Review: Patrick Oliver Kelley - New York New York
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Author Not Confirmed
Why?
Patrick Oliver Kelley
355 South End Avenue New York, 10280 New York, USA
Phone:
800 852 6708
Web:
www.falconfinl.com
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Patrick Oliver Kelley Falcon Financial Advisors Advance Fee Loan Scam New York
Patrick Oliver-Kelley, PhD. on his website for Falcon Financial Advisors (www.falconfinl.com) represents his firm as a privately owned “international merchant banking firm” specializing in raising capital for public and privately owned companies. Kelley states that Falcon Financial Advisors (FFA) have cumulatively executed over hundred transactions with a total value in excess of $750 million for his clients. Kelley then provides his client list which contains many large public companies including several Fortune 500 companies. All potential customers should be extremely circumspect of an elderly one-man internet show operating from multiple former apartment addresses that insists on the four-part moniker Patrick Oliver-Kelley, PhD. Spend a little time looking and you will find that the “Doctor” received his academic doctorate from Buxton University in the United Kingdom. Buxton is an unaccredited vendor of long distance education, or under law enforcement lingo, an “illegal diploma mill”. Be aware of Kelley’s requests for advance fees for potential loans. He will characterize these requests as necessary to maintain his vast network of high level contacts. Kelley will boast about his past record of multi-million dollar financing with major public companies. Please do your due diligence to discover if a single one of these transactions has actually ever occurred. Be very wary when Kelley attempts to pass you on to other multiple funders. Ask, is this the guy that can actually write a check? You may discover very quickly that the Doctor will shuffle you from one fruitless, clueless contact to another. All through this shuffle, Kelley will repeatedly press for additional advance fees. In summary, please spend a little time researching Patrick Oliver-Kelley before you give him a dime. If after becoming apprised of Kelley’s record, you remain inclined to do business with him, I would be happy to introduce you to a Nigerian prince that I met on the internet.
1 Updates & Rebuttals
Patrick
New YORK,New York,
It was a Best Efforts deal
#2REBUTTAL Owner of company
Thu, November 13, 2014
The filer of this report was a cleint referred to us in early July 2013. He retainded us on a Best Effort, Non-exclusive basis to raise $75 million to buy oil and gas producing acreage in Canada. This means that we would do our best to find investors for the project and he was free to engage other advisors if he so wished, but that there were no guarantees. The retainer would be deducted from the agreed success fee.
We contacted a large pool of possible investors and within several weeks had a group of five interested institutional investors, one of which is the largest Bank in Europe and another, a highly respected equity group in New York, emphasing energy investments. None in the group requested nor received any fees from the Principal. Ihe Investment Bank representing the seller, a highly respected Canadian Investment Bank, annouched that the deal would be closed on a date specific and that it was accepting closed bids on that date. The Bank provided guideline estimates to the bidders.
My client, in his wisdom, decided to bid several million dollars less than the recommended target amount. He lost the bid by several millions. In other words, he failed to close the deal because of his own error, bad judgement, or greed. The winning bid was exactly in the guideline figure mentioned to the bidders.
Then several weeks later, the filer returned to us with another deal and we agreed to try to find investors for this deal on the smae terms as agreed previously, but we did not ask for nor was any additional monies paid.
The second deal had a very short time line- one month, but we nonetheless found three interested investors. Two of the investors requested that the princiapls do an enhanced engineering report. For ten days, filer told us the report would be forth coming. With less than a week remaining before the deadline, the filer said that he had decided not to have the engineering report done. The third investor was prepared to proceedm but the vendor announced to everone that the Japanese had come in, and were not asking for any additonal information and that the seller decided to go with the Japanese. Three months later informed us that he wanted his retainer returned. We reminded him that his engagement was Best Effort, Non-exclusive.
