• Report: #1057838

Complaint Review: Bancport corp

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  • Submitted: Mon, June 10, 2013
  • Updated: Mon, June 10, 2013

  • Reported By: anonymous — New York
Bancport corp
110 Washington Ave. 3rd Floor North Haven, Connecticut USA

Bancport corp Bancport corp - upfront fee scammers North Haven Connecticut

*Consumer Comment: Ask Dennis Carr For References and Watch Him Squirm

*Consumer Comment: Dennis Carr and Bancport Commercial Capital Lie

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 Bancport corp is running some kind of suspicious operation collecting fees with a fake letter of interest.

We were contacted by Dennis Carr, who presents himself as an employee for Bancport, with a fake letter of interest that required quick action and an underwriting fee of $5,000. The deal looked and smelled suspicious. We questioned Dennis on the deal and the investor behind it. He guaranteed us in writing that the letter of interest came from an investment group and the $5k will be sufficient to cover the closing expenses.

We were reluctant but gave them the benefit of doubt because they put a clause for cancellation and full refund. We paid the $5k and within days got an email that was forwarded from a company called Kilpatrick and Hart requesting up to $18,000 upfront to help with funding. After a quick due diligence, we found Kilpatrick and Hart to be a fraudulent upfront fee scammers. We contacted Dennis and he promised to clear the confusion and we didn’t have to pay anymore fees to get the funding, but Tom Hart, from Kilpatrick and Hart, kept sending emails requesting upfront fees and wanted to set up a meeting to pitch us.

We told Dennis to provide a credible and legit source of funding that has nothing to do with any upfront. He then said he had another contact to make the introduction but wanted to meet personally first to discuss our plans. I took the meeting with him, and to my surprise he had 2 other people with him. The meeting ended up being nothing more than a sales pitch for $10,000 upfront from a shady guy who calls himself Michael Cherry. Michael tried to use some investing lingo to gain confidence, but he didn’t know what he was talking about. Michael also went as far as getting on a fake call that he claimed was from a Russian billionaire that was looking for investment opportunities and mine would be perfect.

After the meeting I asked Dennis to provide the source of the letter of interest. He then told me the letter came from his company. Asked why, he said that’s how he engages clients. If he sees a deal he likes, he send out a letter to reflect what type of funding he can get. We imidiately asked for our money back but he wanted more time to get a legit source, so we gave him an ultimatum of 30 days.

After the 30 day he starting coming up with reasons why the deal is slow and how he confident and will secure the funding from his so-called 300 sources.

Emails and calls from Dennis have now seized.

What Dennis and Bancport corp are running is illegal per the SEC because you can’t collect a fee to go out and seek funding. We have taken steps to report him and his company to both the SEC and the FBI. Hopefully they will put an end to these scammers and put these criminals in jail.

Be warned, stay away from these creeps.

This report was posted on Ripoff Report on 06/10/2013 07:16 AM and is a permanent record located here: http://www.ripoffreport.com/r/Bancport-corp/-North-Haven-Connecticut/Bancport-corp-Bancport-corp-upfront-fee-scammers-North-Haven-Connecticut-1057838. 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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#1 Consumer Comment

Ask Dennis Carr For References and Watch Him Squirm

AUTHOR: ConsciousEntrepreneur - ()

If you have doubts about what the others are saying about Dennis Carr and Bancport Commercial Capital then just ask for a reference and watch Dennis Carr squirm.  He will probably tell you that they sign NDA's or clients don't want the information revealed, however; you have to question someone that can't provide you one satisfied client and the only financial reference Dennis Carr and Bancport Commercial Capital do provide is a firm that is even more shaky than they are with numerous complaints under their belt.  

If your goal is to waste money use Dennis Carr and Bancport COmmercial Capital.  If you want more than a 0.1% chance of success and not being robbed look for a different option

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#2 Consumer Comment

Dennis Carr and Bancport Commercial Capital Lie

AUTHOR: Bancportcommercialcapital_antiscammer - ()

I have also had experience with Dennis Carr from Bancport Commercial Capital.  He was referred and he did not deliver.  He created what amounts to a fake letter to pressure our company to put up money to "close the deal."  In reality as he later explained.  There was never an actual deal on the table more of a "goal."  Dennis Carr from Bancport Commercial Capital cannot provide you any actual deals that he's closed.  He will refer you to a third party web site where "example deals" are done but no company names. 

If you are deciding to work with Dennis Carr from Bancport Commercial Capital be warned.  if this isn't enough to concern you then simply ask him to send you deals of companies he's closed and references.  He will not be able to come up with it he will say something about confidentiality.  Tell him you'll sign an NDA in exchange for the companies and references.  He might tell you he has never been sued.  Well that could be changing soon as well.  Don't fall for this scam. 

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