- Report: #1481712
Complaint Review: RICO FINANCIAL SERVICES INC. - Ontario CA
Reported By:
Scammer buster -
Rockville, Maryland, United States
Submitted:
Updated:
-
Author Confirmed
Why?
RICO FINANCIAL SERVICES INC.
1749 E Flora St, Ontario, 91764 CA, United States
Phone:
+1 714-408-2454
Web:
N/A
Categories:
Business Rating:
(0)
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RICO FINANCIAL SERVICES INC. WILLIAMS FREDERICK, CEO RICO FINANCIAL SERVICES CONTRACTED $2.0 M BUSINESS LOAN AND COLLECTED UPFRONT FEES, NEVER DELIVERED LOAN Ontario CA
From beginning of June, Williams Frederick, said to be CEO of the Rico Financial Services in California approached our company and introduced that they can fund up to $5.0M long term loan at reasonable term.
And they assured the $300 processing fee is the only upfront fee that the borrower needs to pay and there is no other fees prior to and after the loan disbursement.
On June 3rd, the loan agreement was duly signed and validated. But, no loan had been delivered. Immediately after the date, Williams Frederick started to request series of different fees to be paid by borrower upfront and told unless such fees duly paid, no loan shall be disbursed.
After repetitive negotiation and dispute completed, we had paid total $2,700 upfront fees in 14 times. However, as of today July 10th, no loan has been delivered by the Rico Financial Services Inc.
Williams Frederick, being CEO of the company, keeps soliciting us to pay $25, $50, $100 repetitively day by day and never stop his fee payment solicitation.
This is the terrible financial service company ever I have worked and we have been scammed $2,700 which is very important monetary asset.
1 Updates & Rebuttals
Scammer Buster
Rockville,Maryland,
United States
Rico Financial Service continued obvious scams and stole addtional $2,350 totalling $35,800 to date
#2Author of original report
Mon, August 05, 2019
The man named, John Frederick Williams, supposed to be CEO of Rico Financial kept pretending as if they would deliver immediately the promised loan up to $2.0M but actually never disursed the loan after repetitively collected addtional fees for fund transfer and authorization costs, or whatever named upfront fee.
So far, the man proposed tens of different amount loan proposals such as $10K, $30K, $50K, $300K, $500K, and $2.0M by saying the fund will be immediately delivered after we have paid respective addtional fees. Never happened the loan delivery to date. The total fees scammed rose to $35,800. Exactly today the guy sent a text message by saying, "Yes. I will deliver today $500K. But I need $50 iTunes Card from you."
This guy never stop solicitation of more money no matter what.....Sneakiest scammer he is.
