Complaint Review: XYZ Capital Associates - West Bloomfield Michigan

They sent this email after I sent a resume from a Craigslist.org posting. After speaking with Elizabeth Sinclair several times about the position I had a phone interview with Jack Gilmore and a second interview with, the Owner, Craig Abraham.  they explained the nature of the business and required a $1,588.00 deposit at they spent several thousand dollars developing a direct mail campaign to get your phone ringing.  They accepted $500.00.  After the Money Order was cashed I never heard back from them.  Below is the email correspondence. 

Dear Candidate, We have received your email requesting more information about becoming an Affiliate with our company and would like to thank you for your interest. We've received an overwhelming amount of inquiries and we are trying our best to get back with every one in a timely manner. So please accept our apologies for not being able to speak with you personally at this time.  We have a very rare and exciting situation available right now for the right individual. To give you more complete details about our company and the position we would like you to take 8 minutes of you time to watch our short business presentation. It is very important that you understand you will earn in excess of $100K a year PLUS residual income and that is with NO selling involved! Please locate the link for our Business Presentation Video at the bottom of this page.Again, we have received a great deal of inquiries for this position so therefore, in all fairness to you, please view the video at your earliest convenience. If you feel that you might have an interest after watching the video then please reply to this email with Phone Interview in the subject line or we can be reached at: 1-866-936-0224. Whether you email or have to leave us a message it is very important that you make sure you leave your name and telephone number with the best day and time you can be reached. CLICK HERE TO WATCH BUSINESS PRESENTATION VIDEO *We have also attached 2 of our marketing pieces for you to take a look at after viewing the video.  Thank You.Sincerely,Elizabeth SinclairXYZ CAPITAL ASSOCIATES1-866-936-0224 Ext.414www.xyzcapitalassociates.info2 attachments  Download all attachments  Postcard Mailer.pdf
997K   View   Download  Quad Fold Brochure.pdf
4664K   View   Download  

Hello, 

That is great news! Welcome on board then and please let us know as to when you will be sending in your application. Also, because you will be sending funds with it in the mail then I highly recommend you have the post office provide you with a tacking number. When you do get the tracking number then please forward it to us. Looking forward to hearing from you soon!
Thank you.Sincerely,

Craig Abraham 
CEO
XYZ CAPITAL ASSOCIATES
1-866-936-0224 Ext. 415
www.xyzcapitalassociates.info

Hello,I would like to take this opportunity to welcome you aboard as our new Affiliate for XYZ Capital Associates in Virginia. We have received your application and deposit and we are very excited to have you part of our team! Attached to this email you will find your:     1. XYZ Capital Affiliate Training Manual    2. Master Copy of XYZ Capital Cash Advance Application     3. Master Copy of XYZ Capital Cash Advance Application (excel format)    4. Cash Advance Application Training Guide         5. Copy of B2B flyer (In word format so you are able to personalize it, if you choose to use it) Take your time absorbing all of the training material attached and when you feel comfortable with the information then please email us when your ready and we will proceed to set you up with the next step of training online!  **IMPORTANT**If you have any questions regarding the training materials, the best way to communicate with us is via email. We are in and out of the office throughout the day and constantly on the phone; therefore, communication via email is most efficient and allows us to address any questions or concerns immediately.   Again, welcome on board Julie. We are looking forward to a prosperous future together! Thank you.Sincerely,

Craig Abraham 
CEO
XYZ CAPITAL ASSOCIATES
1-866-936-0224 Ext. 415
www.xyzcapitalassociates.info5 attachments  Download all attachments  XYZ Capital Affiliate Training Manual.pdf
363K   View   Download  XYZ Capital Cash Advance Application.pdf
33K   View   Download  XYZ Capital Cash Advance Application.xls
54K   View   Open as a Google spreadsheet   Download  Cash Advance Application Training Guide0001.pdf
2681K   View   Download  B2B Cash Adv Flyer.doc
73K   View   Download  

 You will first need to go through your training materials and it will explain our criteria in detail. You should have a master copy of the cash advance application in your materials so as soon as you feel like you're ready to walk him through it then have him fill it out.

Thank you.Sincerely,

Craig Abraham 
CEO
XYZ CAPITAL ASSOCIATES
1-866-936-0224 Ext. 415
www.xyzcapitalassociates.info 


Hello,

I understand that you had a telephone interview today with Jack Gilmore. As per his conversation with you I am attaching some literature for you to have that will help validate all the information you retained for our WA DC Affiliate position. Please take your time to read through the paperwork and you may set aside the Affiliate application(pg.5) until we speak with each other.  After you've done so, then I'd like you to locate the profile form that is also attached(in Word compatible format so that you may type on it). Would you please be so kind to fill out the profile form and email it back to me at your earliest convenience because the information on the profile form will help us with our decision as for who we choose to be our exclusive Affiliate in WA DC. I will review your profile form as soon as I receive it and promptly have my assistant schedule a phone appointment with you and myself. At that time I will address any and all questions that you may have and we can discuss further details. Thank you and I am looking forward to speaking with you myself soon! Sincerely, Craig Abraham Craig AbrahamCEOXYZ CAPITAL ASSOCIATES1-866-936-0224  Ext. 415www.xyzcapitalassociates.info2 attachments  Download all attachments  XYZ Affiliate Paperwork.doc
136K   View   Download  XYZ PROFILE FORM - compatible format.doc
90K   View   Download  

After I had a personal contact interested they did not give me the details and answers to the processing contract.  Instead the below email.

Hello Julie, I have to go to a dinner conference right now but I just wanted to let you know that I got your emails and I will get back to you first thing tomorrow morning with the answers to your questions and your login info for the online training. My apologies for cutting it short Julie but I promise you're my priority first thing tomorrow.

Thank you.Sincerely,

Craig Abraham 
CEO
XYZ CAPITAL ASSOCIATES
1-866-936-0224 Ext. 415
www.xyzcapitalassociates.info


This next morning they cashed my Money Order and I have not been able to get an email or return call from them.  

It is unfortunate that I googled this company before sending the cash.  The first compliant was not registered when I searched.  Today 5/9/2011 it is on the google search.  I forwarded my complaint to the FBI and hope together we can stop this.  Please, this is a scam.