• Report: #492941

Complaint Review: David Dollar Dave Dollar

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  • Submitted: Thursday, September 10, 2009
  • Last Posting: Friday, September 23, 2011
  • Reported By: leddora@hotmail.com — Fairfield California USA
David Dollar Dave Dollar
http://www.telomolecular.com/ Internet United States of America

Dave Dollar - Telo - Telomolecular - David Dollar is a scammer and a cheater. Internet

*Consumer Comment: the guys


1Author 3Consumer 2Employee/Owner

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David Dollar former CFO of Telomolecular is a professional scam artist. as acting CFO of  this company, David Dollar cleverly misplaced over $100,000 of Telo's investors money. No financial records were kept to justify how the money he essentially "stole" was spent. Investors and board members continue to question his financial handy work only to leave him stumbling to answer them. The money is long gone. Telo was left to clean up the mess behind David and his team of dishonest players. Rumor has it that he has moved on to bigger and more profitable scam artistry. he is still seen about town driving the Ferrari that was purchased with stolen money. would love to be around when karma catches up with that little sports car driver. Shame on you Dave.

I am a former employee of Telomolecular, who was truly conviced that I would receive what David Dollar and his board of directors promised me as an employee. I was promised a competitive salary with all the perks if I would continue to hang in with them during their so called "brief" transition period. for months I continued to perform my duties only to discover that I was actually employed by money hungry thieves and liars. I lost out on wages while they continued to profit from my hard work. Disgusting to me how a so called "family man" such as David Dollar could take the food out of my children's mouths without even so much as an apology.

I wonder if Dave Dollar's wife would continue to wash his "tighty whities" if she knew about his blatant extramarital affairs. he is so bold in his disrespect for commitment, not only in his business dealings but also at home with his family that he freely strolls around town with other women who are clearly not his wife, hanging on his arm. His wife and children to not deserve to accidentally run into their supposed loving husband and father on the street with some street walker.

This report was posted on Ripoff Report on 9/10/2009 2:46:19 PM and is a permanent record located here: http://www.ripoffreport.com/medical-laboratories/david-dollar-dave-do/dave-dollar-telo-telomole-7adf9.htm.

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REBUTTALS & REPLIES:
1Author 3Consumer 2Employee/Owner
Updates & Rebuttals

#1

Untrue Accusations

AUTHOR: Sun Nanosys - Fair Oaks (USA)

I worked with David Dollar and while I made some mistakes that led the company down the wrong path, for which I am extremely regretful, Mr. Dollar was known for his honesty and solidness. He tried to restore the company to proper operations, in spite of my failure, and in the face of some tremendous challenges. There is no way that he did any of these things. Zero chance and I know countless people who will vouch for his character. I know him well enough to know that he is a family man, spends all of his time with his family, and this was just a vicious attempt to slander him. Whoever filed this report was no employee of the company, because as far as I know none of the corporation's employees current or former are angry with Dave. This sounds like sour grapes over a business transaction.
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#2 Consumer Comment

re: scam

AUTHOR: person - sacramento (United States of America)

I have no knowledge if Dave Dollar is promiscuous now, however, persons known to me in past have said so. the point is that as acting CEO, and also seller of stocks, even if he did not issue them, he "sold" them using his knowledge of people he knew and their money, to convince others to invest, and in turn receive some sort of "paper" stating we owned shares. his involvement is certainly suspicious, in that he knew of the dealings certainly, and how the company never truly marketed the skin anti-aging products.....why not mass market if you have a great product? because it was a scam...nobody really knows what was in those containers. my spouse bought a few and commented the over the counter stuff worked better. to those who were in the circle or close to it, with mr dollar, it was obvious that he was in some way benefiting from the infux of capital as were the other officers. the saddest part is that they collected $6.5 mil, got a $100/k and 5 yr stock sale probation for this. think about it....if your company sold and collected moneys for a product that did not exist, then you got caught, and paid a 1.5% penalty for that, would you risk it and take the money? yes....or no? they did.
bottom line: everyone lost out due to the company corruptness. we all understand the inherent risk with start ups, but to be duped and ripped off by what seemed like people selling a good idea, shame on them and him. there is a very hot place for them at the end of this life, and from all that I have been told and heard, mr dollar is still at it in selling empty ideas, and was before telomolecular.  as far as if he cheats on his spouse is just gas on a fire, who cares. he is apparently not well liked and probably watches his back every time he gets in his luxury car to go to the store.shame the SEC could not get more money back for the initial shareholders.
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#3 Employee

False Accusations

AUTHOR: Beach Guy - Los Angeles (United States of America)

Just so you know I believe a court action has been filed to find the identity of this writer, who will be sued for libel. These facts are all totally libelous and untrue. Telo did get in trouble with the SEC more than 4 years ago but it was over extremely controversial matters, primarily whether the CEO exaggerated several (three) work relationships.  The government case was totally unfounded and unfair and led to all sorts of false accusations against executives. It wasn't worth closing the company down over. The founders of the company may one day want to rebuild the company and take it public again, so this online slander is extremely unhelpful. All of the science was real and promising, patents were filed, there was in fact a skin creme product that was commercialized and sold and any one of the former scientists or board members at the company can verify this. Real people from top universities worked day in and day out to build new medical technologies and when a venomous person like you spouts all sorts of wild lies on the internet it embarrasses these former employees. This rhetoric has to calm down. If you believe Mr. Dollar did something illegal then sue him in a court, and do not anonymously libel him and make statements that have not an ounce of evidence. You should research the costs and consequences of a libel suit. This company will probably be rebuilt so calm down and only make statements that you know 100% to be factually true. You are damaging the brand. Remember that the company's attorneys can find out who you are and get your email and phone # info. You are not as anonymous as you think.
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#4 Employee

One More Thing

AUTHOR: Beach Guy - Los Angeles (United States of America)

Also this person who claims to be a former shareholder should be ashamed of himself. Just because you lost some money on the company is not a reason to OUTRIGHT LIE about it and repeat things you probably heard through the grapevine. The company was totally real, had an operational lab and honest scientists, and real products. IT FAILED, most startups do, but you are making it out like it was a total scam operation which it wasn't. The SEC performed a year long investigation and they did not accuse the company of phony science, they accused it of misrepresenting several business relationships. I will find out who you are and sue you back to the stone age. I promise you that my attorney will figure out who you are.
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#5 Consumer Comment

who cares

AUTHOR: person - New Plymouth (USA)

dave is a good guy, they lost all the money, who cares. move on....
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#6 Consumer Comment

the guys

AUTHOR: person - New Plymouth (USA)

I don't think you can sue someone for libel based on facts or printed info . besides people are probably anonymous. unfortunately, people like Dave and Jeremy were likely pawns. at the time,there was a lot of talk about this great idea being bought by some European company, packaged and bundled, and re-opened as another co. yet I don't think any shareholder has heard any news of this idea. If MS had the great idea, you would think he would continue with it. now he's onto solar stuff?

let it go, write it off, and be careful if any of these folks ask to invest in a new idea. if they are such bad people, karma has a way of dealing with it. personally I think they were blind on it all.
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