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  • Report:  #245692

Complaint Review: Wolfe Capital Group - Henderson Nevada

Reported By:
- Sunnyvale, California,
Submitted:
Updated:

Wolfe Capital Group
Henderson, Nevada, U.S.A.
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
I bought in to the program and they did not deliver as promised.

I ended up having to report them to BBB of LV, LV Chamber of Commerce, National Ethics Board and LV Insurance Board.

After I did that, they paid me back the $30K within 3 days.

When they did, I emailed all those agency that I got my money and now I see a lot of people are experiencing the same as me.

Give it try!

Thanh

Sunnyvale, California
U.S.A.



4 Updates & Rebuttals

Thanh

Sunnyvale,
California,
U.S.A.
More details

#2Author of original report

Fri, October 05, 2007

I bought in to the program and they did not deliver as promised. WCG Response: This information is correct and as of today's date we have issued 37 LLC's each with a secured credit facility, many with approvals up to 1.5 million dollars. THANH:"We had 5 or 6 phone conference. James told me that he has plenty of LLC and I can get my LLC with the LOC in 30 days and also he told me that he can get $100K working capital line for me as well. AND ALSO, I went over with him numerous times on how I plan to use the LOC. He told me that is no problem. When I bought it, he told me that it can't be done." I ended up having to report them to BBB of LV, LV Chamber of Commerce, National Ethics Board and LV Insurance Board. WCG Response: As of the date of this rebuttal we have not been contacted by any of the above listed organizations THANH:"It took me 8 days of calling them and having to send out emails to BBB of LV, LV Chamber of Commerce, National Ethics Board and LV Insurance Board, they finally gave me a refund. On the day I got a refund, I emailed BBB of LV, LV Chamber of Commerce, National Ethics Board and LV Insurance Board that I got the refund." After I did that, they paid me back the $30K within 3 days. WCG Response: At Wolfe Capital Group we understand that occasionally buyers change their minds after a sale has been completed. Understanding this, we have a very strict refund policy All refund requests must be must be submitted in writing and also submitted with some sort of postal tracking control ie: registered letter, USPS, Fed EX, UPS etc. The purpose for this is so that nothing falls thru the cracks or is left unattended. At this time this policy has been working fine as we have tendered seven or more refunds to date. Thanh has not requested a refund, in fact we have no receipt of ever receiving any money from anyone named Thanh, of course we have no last name and Thanh has not contacted us directly to verify any paperwork or funds he ever provided to Wolfe Capital Group for our products and services. THANH:" I had about at least 20 phone conference with Mr. Wolfe and the sales rep to confirm what I can do with the product. I scanned all my documents. Nancy was the one who handled my refund. She did a direct deposit from WCG BofA account to my BofA account." When they did, I emailed all those agency that I got my money and now I see a lot of people are experiencing the same as me. WGC Response: Every organization experiences turnover in employees and agents, and we are not immune. It is true that certain employees or agents resigned, some of which wish to damage our business and reputation with their actions. Some of those departed individuals include Frank Avilla, Rich Avilla, Edwige Bingue Joanne Calhoun, Nancy Mosco, Don House, Jeff Joseph and Phil Litzinger There were also a number of affiliates, independent agents and other employees terminated from the program due in part to misrepresentation of Wolfe Capital Group and or its products or services. Those names consist of Michael Andrews, Alvin Uwaifo, Latricia Christina Wright, Alvin Dawkins, Carisa Litzinger, Sterling Wright, Darlesia Guzman, Joel Kipfer, Raymond Tibbs, Frances Williams, Ken Hutchinson, William Brown, Stephen Williams, Darrell Brown, Dorlinda Wiseman, Tim Golden, Estella Tucker, Girma Wossenseged, Alexander Potts, Sue Fuller, Pete Formicxa, Daryl Dupree, Dennis Falls, Frank Morales, Johnny Reed, Lisa Lowe, Kyle Kirwan, Gregory Hilderbrand, Steven Golightly, Marques Jordan, Rebecca Clemons, Terrell Collins, Mary Ann Castillo, Gloria Washington and Joseph Wekesa. THANH:"WOW that is a lot of people who left WCG" Give it try! We can only offer the truth, however we will offer it via sound ethical legal business practices that are supported by the laws of the States that we are licensed to do business in and will not further subscribe to superficial unverifiable media recourses. In closing I invite Thanh" and any other concerned party to contact our office and schedule an appointment for further correspondence, testimonials and credibility verification prior do doing business with WCG. THANH:"I did and I wanted a refund" Sincerely; James B. Wolfe CEO Wolfe Capital Group 702-982-5226


Frank

Renton,
Washington,
U.S.A.
I was an investor, not a promoter of WCG

#3UPDATE EX-employee responds

Sat, May 12, 2007

Mr. Wolfe: Thank you for the flatery of claiming me to be a marketer of your services. I purchased the mythical LLC in January and did not receive what was promised and before March 1 I requested a full refund. To your credit, I received a full refund by Mid April. Your diligent staff worked tirelessly to satisfy my request and technology regressed to the point of taking wiretransfers over 30 days, but your firm delivered. Thank you and please treat the other disgruntled and disappointed investors with the dignity they desverve and refund thier money or deliver on, maybe, one of your promissest. One more thing, please keep my name out of the mudd bath that your inability to perform or you mere decietfull practices have created for yourself. Good luck to all future investors!! Take care, Frank


Phil

Henderson,
Nevada,
U.S.A.
Rebuttal to the accusation that I misrepresented Wolfe Capital Group

#4UPDATE EX-employee responds

Wed, May 09, 2007

To Whom It May Concern: My name is Phil and I would like to submit to public record the facts surrounding my employment and involvement with the company Wolfe Capital Group. I had the unfortunate experience of working with WCG for a period of about 6 months as a Sales Representative. To refute the claim that I was misrepresenting the Wolfe Capital product I would like to state for the record that every training session I attended while with the company was conduced by Mr. James Wolfe. Likewise every client that I worked with who went on to purchase the product met personally with Mr. Wolfe and EVERY client was given a presentation by Mr. Wolfe and in some cases they were presented to by Mr. Wolfe multiple times. To date I have retained a positive business relationship with majority of the clients that had purchased the WCG system and each ultimately asked for their funds back. Most received their funds in a timely manner but several did not or STILL have not received their funds, one in particular purchased an LLC in September. This particular gentleman has received his LLC, that process took over 6 months and he has not been able to access his $1,500,000 line of credit for real estate. In fact this client presented appraisals on two properties he was looking to purchase, they were at 40% Loan to Value and each property was UNDER $50,000 (Mr. Wolfe states his program works at 70% & below) and WCG was unable to get these transactions funded with his alleged $1,500,000 LOC. The client has since requested his funds back due to lack of performance from WCG, these events have transpired over the past 14 days. I have built my customer base with a high level of customer service and the ability to actually deliver a product that will perform to the client's expectations and I will continue to do so in the future. A number of the names that were listed by Mr. Wolfe are actually people who were clients (or potential clients) so to accuse them of misrepresentation when they never sold a product is a very slanderous accusation to make. To assume that the public will believe that a list of 25-30 people were all bad seeds in the WCG organization is laughable, half of that list left due to a lack of performance by Mr. Wolfe. I am including a copy of the resignation letter that I hand delivered to Mr. Wolfe on 2-21-2007. I welcome anyone with questions regarding my tenure at WCG. Attention James Wolfe, Effective today 2-21-2007 I am resigning from my position as a Sales Executive with Wolfe Capital Group. My resignation is due in part to a lack of infrastructure and customer support for the actual product. Over the last few months that I have been working with Wolfe Capital Group I am responsible for the sale of approximately 10 LLC's, of which not a single client of mine to date has received any value for the $30,000 which was spent with Wolfe Capital Group. At this stage in the companies growth I feel that it would be unethical and immoral for me to continue to collect funds from new prospective clients. I personally will not compromise my moral character so that I "may" have the "privilege" of working with your company. I find it very unfortunate that such a good and solid strategy for the clients has been eclipsed by the underlying greed of certain key top executives in the company. Lastly I would like to also submit it into record that I do not want my name on any loan paperwork for which I was not the individual originating the loan. I wish Wolfe Capital Group the best of luck in the future. Sincerely, Phil


James

Henderson,
Nevada,
U.S.A.
James Wolfe Responds

#5REBUTTAL Owner of company

Fri, May 04, 2007

Rebuttal to Report filed by Thanh of Sunnyvale, California filed 4/25/2007 Rebuttal by James B. Wolfe, CEO, Wolfe Capital Group WCG responses are tendered as WGC Response: I bought in to the program and they did not deliver as promised. WCG Response: This information is correct and as of today's date we have issued 37 LLC's each with a secured credit facility, many with approvals up to 1.5 million dollars. I ended up having to report them to BBB of LV, LV Chamber of Commerce, National Ethics Board and LV Insurance Board. WCG Response: As of the date of this rebuttal we have not been contacted by any of the above listed organizations After I did that, they paid me back the $30K within 3 days. WCG Response: At Wolfe Capital Group we understand that occasionally buyers change their minds after a sale has been completed. Understanding this, we have a very strict refund policy All refund requests must be must be submitted in writing and also submitted with some sort of postal tracking control ie: registered letter, USPS, Fed EX, UPS etc. The purpose for this is so that nothing falls thru the cracks or is left unattended. At this time this policy has been working fine as we have tendered seven or more refunds to date. Thanh has not requested a refund, in fact we have no receipt of ever receiving any money from anyone named Thanh, of course we have no last name and Thanh has not contacted us directly to verify any paperwork or funds he ever provided to Wolfe Capital Group for our products and services. When they did, I emailed all those agency that I got my money and now I see a lot of people are experiencing the same as me. WGC Response: Every organization experiences turnover in employees and agents, and we are not immune. It is true that certain employees or agents resigned, some of which wish to damage our business and reputation with their actions. Some of those departed individuals include Frank Avilla, Rich Avilla, Edwige Bingue Joanne Calhoun, Nancy Mosco, Don House, Jeff Joseph and Phil Litzinger There were also a number of affiliates, independent agents and other employees terminated from the program due in part to misrepresentation of Wolfe Capital Group and or its products or services. Those names consist of Michael Andrews, Alvin Uwaifo, Latricia Christina Wright, Alvin Dawkins, Carisa Litzinger, Sterling Wright, Darlesia Guzman, Joel Kipfer, Raymond Tibbs, Frances Williams, Ken Hutchinson, William Brown, Stephen Williams, Darrell Brown, Dorlinda Wiseman, Tim Golden, Estella Tucker, Girma Wossenseged, Alexander Potts, Sue Fuller, Pete Formicxa, Daryl Dupree, Dennis Falls, Frank Morales, Johnny Reed, Lisa Lowe, Kyle Kirwan, Gregory Hilderbrand, Steven Golightly, Marques Jordan, Rebecca Clemons, Terrell Collins, Mary Ann Castillo, Gloria Washington and Joseph Wekesa. Give it try! We can only offer the truth, however we will offer it via sound ethical legal business practices that are supported by the laws of the States that we are licensed to do business in and will not further subscribe to superficial unverifiable media recourses. In closing I invite Thanh and any other concerned party to contact our office and schedule an appointment for further correspondence, testimonials and credibility verification prior do doing business with WCG. Sincerely; James B. Wolfe CEO Wolfe Capital Group 702-982-5226 Thanh Sunnyvale, California

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