• Report: #974001

Complaint Review: ADDS International

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  • Submitted: Mon, November 26, 2012
  • Updated: Mon, December 31, 2012

  • Reported By: Concerned Buisness Owner — Mesa Arizona United States of America
ADDS International
14 W Main Street Suite A Buford, Georgia United States of America

ADDS International Advanced Due Diligence Service Due Diligence report written by a $ year old Buford, Georgia

*UPDATE EX-employee responds: ADDS International is a professional respected company

*Consumer Comment: Case against ADDS International

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Our company paid $47,000 for a due diligence report from ADDS International and we recieved a report that was written by a five year old, It took them 6 months to deliver our report and Mr Bill James does not even work for the company that he gives you the website for references.

This is fraud Mr William (Bill) James and His Associate Keith Froemming both of Georgia represented themselves as investment bankers and 3rd party Due diligence officers . On the day were to get our report they admitted their company was not affilated with TD Bank or Any due diligence association.




This report was posted on Ripoff Report on 11/26/2012 04:31 PM and is a permanent record located here: http://www.ripoffreport.com/r/ADDS-International/Buford-Georgia-30518/ADDS-International-Advanced-Due-Diligence-Service-Due-Diligence-report-written-by-a-year-974001. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE EX-employee responds

ADDS International is a professional respected company

AUTHOR: ADDSBJames - (USA)

I am Bill James formerly of ADDS International. ADDS International does not now nor has ever had anything other than a client to client relationship with Mr Froemming and his advisory service. ADDS expressly states in its engagements to clients that we are in no way involved in the financing of a project and we merely evaluate projects and properties FOR A FEE and give an unbiased 3rd party opinion on the attributes of the collateral. Clients without the financial wherewithal to bring a deal to frution should not begin the process of seeking financing. Clients seeking to purchase property should do substantial due diligence of their own before proceeding with any lender or advisory group. It is not the fault of the firm providing 3rd party due dileigence services that an apartment complex with tax filings showing losses, severe mold and rotting wood foundations, several murders on site and lower than average occupancy rate does not appraise at the sale price. It is not the fault of the due diligence firm that a client seeking to build a 40 million dollar industrial development has no money in the bank to enter into a contract of sale to purchase the development site and has essentially no experience in the prospective business at hand. ADDS has a reputation for doing fair and honest work. It is your prerogative to shoot the messenger but any report we have done we have done with honesty and integrity. If your project does not qualify to be financed maybe you should look internally for a valid reason
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#2 Consumer Comment

Case against ADDS International

AUTHOR: Anonymous - (United States of America)

To the consumer who filed this report, I encourage to contact attorney Scott Bushnell in Atlanta, GA, telephone (404) 869-1201, regarding the fraud committed by ADDS International.  Mr. Bushnell currently has a case against this company and would be interested in any additional information from other victims.
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