- Report: #238839
Report - Rebuttal - Arbitrate
Complaint Review: American Entertainment Distributors
American Entertainment Distributors2514 Hollywood Blvd. Suite 200 Hollywood, Florida U.S.A.
American Entertainment Distributors heavily advertized on National TV for DVD rental machines. They falsely claimed that investors could make high profits. We spent $ 77,000.00 and never recieved anything in return. ripoff Hollywood, Florida
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The company was then shut down by the Federal Trade Commission sometime in October because of many consumer complaints. All properties and monies were supposedly handeled by a reciever (Lauren Wald. We were told that we would have to wait untill the many criminal trials were over untill any proceeds could be released. By the way - We were also told by the dept. of Justice in florida that we had the rite to have these proceedings over in a timely fashion. to us Two (2) years is not in a timely fashion.
We have just recently been made aware that the trials are now over and we were told by the Justice Dept. to call Rose Williams at the Florida probation dept. concerning restitution in this case. We were told by the probation dept. their are no funds to be released at this time. Our question now is - Where are all the funds and property this company left behind.
We feel our rights may have been violated and would like to talk to anyone who feels the same. Also our financial situation has worsened since this rippoff. The money was our 401k and everthing we had!
Mitchell & phyllis
South Glens Falls, New York
This report was posted on Ripoff Report on 03/12/2007 05:24 AM and is a permanent record located here: http://www.ripoffreport.com/r/American-Entertainment-Distributors/Hollywood-Florida-33020/American-Entertainment-Distributors-heavily-advertized-on-National-TV-for-DVD-rental-machi-238839. 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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