• Report: #299292

Complaint Review: Corporate Acquisition Group

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  • Submitted: Fri, January 11, 2008
  • Updated: Mon, January 18, 2010

  • Reported By:Englewood Colorado
Corporate Acquisition Group
14 Inverness Drive East, Suite G-236 Englewood, Colorado U.S.A.

Corporate Acquisition Group False Press Reports Englewood Colorado

*Consumer Comment: Colorado Attorney General files lawsuit against Corporate Acquisitions Group, Global Acquisitions Group, Ty Tymkovich + Sam Levine of defrauding more than 700 businesses

* : Judy Judi Stahlecker Corporate Acquisitions Global Acquisitions

*Consumer Comment: Ty Tymkovich: felon, liar, scammer, crook, real estate license premanently revoked in CO because of ongoing criminal history

*Consumer Comment: My business Sold

*Consumer Comment: Thank you

*Consumer Suggestion: True, maybe... but inaccurate.

*REBUTTAL Owner of company: It is true

*REBUTTAL Owner of company: It is true

*REBUTTAL Owner of company: It is true

*REBUTTAL Owner of company: It is true

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Corporate Acquisitions Group of Englewood, CO has posted a self made press release on numerous sites on the web. This "press report" states that Corporate Acquisitions group brokered the sale of two smaller companies to a larger company in Chicago.

Firstly, CAG says that they valuated Telecom Affiliates and acted on "their" behalf in the sale. Ty Tymkovich, the president of CAG is the registrar for CAG's website and the internic records clearly show Telecom Affiliates as being the agent along with Tymkovich's old email address. So what involvement did Tymkovich have with Telecom Affiliates, and what role did he play as president of CAG in valuating Telecom Affiliates?

The second company reportedly involved in the deal was E-Telco Agents... supposedly an Illinois corporation according to CAG's press release. Records at the Illinois Secretary of State clearly show that there is no corporation listed as E-Telco Agents, however there is a Colorado company doing business as E-Telco Agents and they are registered in the Colorado Secretary of State's database as being owned by Satori Marketing, whose address just happens to be the same as Corporate Acquisitions Group. And the E-Telco Agents web site lists a Sam Levine as one of their principle's, and the CEO of Corporate Acquisitions Group just happens to be a guy named... Sam Levine.

Chain Telecom, the Illinois corporation for whom CAG supposedly brokered the deal does not appear in the Illinois S of S database either, and a thorough internet search does not show them in existence either. So who is Chain Telecom?

So what do we have here? Corporate Acquistions Group, a company that sells businesses a valuation service to help sell their business, posts it's own press release stating that they brokered the multi-million dollar sale of two companies apparently owned or heavily tied to their own execs, to a company who apparently doesn't exist, or at least they don't know that it is really not an Illinois corporation as they state it to exist.

This very web site has links to complaints on a defunct corporation named Alliance Acquisitions, some of whose execs are now tied to Corporate Acquistions Group. These complaints basically alledge that these businesss "valuation" companies charge high fees to value your company in preparation for sale and that they then put you in touch with the correct market for buyers (sale not guaranteed). That sounds great... but what if the company who is telling you that they will accurately and capably target your business sale publishes totally false or highly misleading press releases that claim they have brokered sales that they actually artificially manufactured, not brokered? Well, then you have to ask yourself, "Why does this company need to create press reports of such a false or misleading nature?" I don't know. Ask yourself.

With two new course studies at major universities now focusing on these types of issues, it should be an interesting case study to see how these companies progress and how well they can hide with a thousand bright college students watching their every move. Some day telemarketers, spammers, and internet fraud experts will be taught in history classes as the 21st century snake oil salesman of older times. But for now, there are enough bright, hard working independent business people still behind the learning curve of the what is supposed to be the promised land of the internet and modern business. All that glitters is not gold.

Good luck, Ty, Sam, et al. We'll be watching and hoping the best for your continued success. You continue to be a big help to those of us whose lives depend on being able to find every bit of data there is to be gotten. Who knows? You may find yourselves, your companies, or your tactics in text books some day.

Dan
Englewood, Colorado
U.S.A.

This report was posted on Ripoff Report on 01/11/2008 06:22 PM and is a permanent record located here: http://www.ripoffreport.com/r/Corporate-Acquisition-Group/Englewood-Colorado-80112/Corporate-Acquisition-Group-False-Press-Reports-Englewood-Colorado-299292. 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

Colorado Attorney General files lawsuit against Corporate Acquisitions Group, Global Acquisitions Group, Ty Tymkovich + Sam Levine of defrauding more than 700 businesses

AUTHOR: Sascha - (U.S.A.)





DENVER Colorado Attorney General John Suthers announced today that attorneys from his offices Consumer Protection Section have filed a lawsuit against two Englewood-based businesses and their owners, Tyrone E. Tymkovich (DOB: 12/30/1977) of Aurora and Sam Levine (DOB: 2/1/1967) of Castle Rock, who are suspected of defrauding more than 700 businesses in Colorado and other states between July 2006 and September 2009. 

According to the complaint, Tymkovich, Levine or their employees at Englewood-based Corporate Acquisitions Group and Englewood-based Global Acquisitions Group would approach small businesses and inform them that either buyers were interested in acquiring their firms or their businesses could be sold. Tymkovich, Levine and their employees are accused of convincing more than 700 businesses in Colorado and other states to allow them to conduct an appraisal of their business for $5,000. Of the $5,000 Tymkovich and Levines businesses collected from their clients, only about $1,000 of the fee was actually devoted to completing the appraisals. 

Throughout the process of courting new clients, Tymkovich, Levine and their employees are accused of lying to client businesses about the success of Corporate Acquisitions Group and Global Acquisitions Group. For example, Tymkovich and Levine are alleged to have created promotional materials that said they have taken in $7 million in revenues in 2007 and implied that the profits were due to sale commissions. In fact, of the $2.8 million Tymkovich and Levines businesses reported over the past two years, less than $100,000 came from sale commissions. The other $2.7 million came from the appraisal fees they charged.

Tymkovich and Levine also are alleged to given the clients a money-back guarantee in the event of no sale occurring. However, Tymkovich and Levine only followed through when a business complained to either the Better Business Bureau or the authorities, according to the complaint. 

The Office of the Attorney General has requested that an Arapahoe County District Court judge order Tymkovich and Levine to stop their fraudulent business operations, bar the duo from committing fraud in the future, and order Tymkovich and Levine to pay restitution.

http://www.coloradoattorneygeneral.gov/press/news/2009/12/18/attorney_general_files_lawsuit_against_two_englewood_businesses_their_owners_s

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#2

Judy Judi Stahlecker Corporate Acquisitions Global Acquisitions

AUTHOR: Marcus - (U.S.A.)

I just found out Judy Stahlecker is a hidden owner of corproate acquisitions group and global acquisitions group and is the mastermind of the scam.  What a trip.
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#3 Consumer Comment

Ty Tymkovich: felon, liar, scammer, crook, real estate license premanently revoked in CO because of ongoing criminal history

AUTHOR: Sascha - (U.S.A.)

Ty Tymkovich has a criminal history of making multiple threats to persons/property, as well as a history of 'anonymous' online character assassination.

On May 28, 2009 Tyrone E. Tymkovich, President of Corporate Acquisitions/Global Acquisitions LLC., entered into a Stipulation & Final Agency Order in the matter of disciplinary action against his real estate broker's license (er 40029518) with the State of Colorado Real Estate Commission. The order settles charges that Tyrone Tymkovich made violations of the real estate licensing law. Under the terms of the order Tyrone Tymkovich agrees to a fine of $5,500.00 and a permanent revocation of his real estate license. Tyrone Tymkovich admitted to the allegations, factual findings and conclusions of law in the investigative report dated April 27, 2009.

Tyrone E. Tymkovich has plead guilty to theft, a class 2 misdemeanor, and forgery of a check, a class 5 felony. On March 13, 2009, Tyrone E Tymkovich also plead guilty to disturbing the peace, and to threats to person/property. Tyrone E. Tymkovich has repeatedly failed to notify the Colorado board of Real Estate of his criminal convictions, as stipulated by law.

The findings of the State of Colorado Board of Real Estate can be found here, as well as you can use the two above links to the Denver and Arapahoe Country courts to peruse Ty Tymkovich's criminal history for yourself and decide:

http://docs.google.com/gview?a=v&q=cache:HMgMVPuuN5QJ:www.dora.state.co.us/real-estate/meetings/minutes/broker/CREC_May_2009.pdf+tyrone+tymkovich&hl=en&gl=us

Tyrone Tymkovich and Corporate Acquisitions/Global Acquisitions Group are currently under investigation by the office of the Colorado Attorney General office in Denver.

Second Judicial District
201 W. Colfax Avenue
Denver, Colorado 80202
email address is: info(at)denverda.org

Corporate Acquisitions Group, LLC. resigned their BBB Accreditation on June 5, 2009, and are in the process of reanimating their business valuation scam company under the new 'Global Acquisitions' moniker.

Based on BBB files, Corporate Acquisitions/Global Acquisitions Group has a BBB rating of 'F'.

Reasons for this rating include:

* Failure to obtain required competency license.
* Failure to honor commitment to arbitrate or mediate disputes.
* Complaints filed against business that were not resolved.
* Government legal action(s) against business.
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#4 Consumer Comment

My business Sold

AUTHOR: Ed - (U.S.A.)

My name is Ed of Glass on Wheels. I have read these posts to this site and decided to post my own. I met with this company in August of 2007. I sold my company in March of 2008. I did a valuation through these folks. I tried to sell my company before on my own with NO success. I am not sure if the valuation helped or not, but at the very least I did sell my company. Anyone is welcome to call me who reads this and ask any questions. In the interest of making this valid, look up Glass on Wheels, Greeley, Colorado and call and ask for Ed. If you reach the new owner, tell him its about the sale of the company and you are looking for a reference. I am one of the letters you refer to. These folks did alot of work, they hired a broker in my area as well at no cost to myself. They closed the transaction well within both my price and time expectations. I too was called by someone, and spoken to by multiple people. I dont judge anyone who posts here, but I can tell you I dont see any positive and all the negative comes from people who choose NOT to do business the way CAG recommends. If you dont like it, pass on it. If you do, then sign up.

Would you like it if people posted on your business that never did business and were never defrauded in any way? none of you were, or so it appears. I dont see ANY complaints on this site from a client of CAG that was defrauded. I see a bunch of people who didnt do business with them that are adding their expertise to selling a business. I had never sold a business, and had no idea how to. I too thought it was a scam, but I took the risk. I sold my business because of my risk and their expertise. Like I said, look my company up in the yellow pages, call and ask for a referral.
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#5 Consumer Comment

Thank you

AUTHOR: Walker - (U.S.A.)

Dan,

I apologize if this is not the right place to post this per your rule. But I want to express my appreciation to you and this site in providing information regarding CAG.

I had a call from Rick Webber, scheduled and actually met two of CAG representatives - one presented a CAG business card as Senior Business Analyst. Before they came (supposedly from Minnesota), we received an email with 2 attachments - one asking for tax information on our business and one from Secretary of State of CO stating CAG is a legit company. After receiving that attachment, I became suspicious and "googled" them and found Ripoff Report. Needless to say, I was better prepared in talking to the CAG reps.

The centered their "pitch" on building a case for the valuation and showing all kinds of plastic protected letters etc on legitimacy of CAG and some canned reports. The message - the 500+ buyers they represent "required" valuation reports otherwise they will not recommend us to them. Another item of interest is if they flew that far to check out a potential acquisition, wouldn't one assume a lot of pictures would be taken and a tour of inside and outside of the business? They did none of that.

If this blog does not get posted to the public, it is ok. I just want to give you some feedback and thanks for your work.

Regards...
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#6 Consumer Suggestion

True, maybe... but inaccurate.

AUTHOR: Dan Tanna - (U.S.A.)

Mr. Tymkovich,
The press release was inaccurate on several points. And in the view of several readers of the press release... mis-leading. It simply reads like a promotional advertisement for your firm, not a statement of financial or transactional disclosure.

After we obtain a copy of the official required newspaper release and compare it to the press release we will be happy to submit here a fair and honest disclosure of what we find. Then we are absolutely finished paying attention to the activities of CAG. The only thing that prompted this study was actually the annoying telemarketing voicemail message Rick Webber uses to solicit business. We were studying telemarketers, not business valuation companies. But, if you're going to have an automated service call with no option for removal from the call list then you leave the average person little choice but to do research to discover who the caller is. After being solicited once, companies have the right to ask not to be bothered again with the same sales campaign.

Any time after you've done an automated telemarketing blitz, go to Google and just enter the phone number you used and count the complaints. Also note how sooner or later your firms name appears there on the internet tied to that number.

Telemarketing might serve some companies, but it costs tens of millions to other companies in wasted time and resources. But automated telemarketing??? That's so "low rent". The next time you do a valuation of any small business, ask the owner how disruptive and expensive the ten to twelve unsolicited telemarketing calls they get a week really are to them. I'm positive they are also wasting your company's time as well, are they not?

Rick Webber's last telemarketing blitz was the reason several dozen people were brought to this site, among others, and read so many of the negative, and even possibly untrue and unkind comments about you and/or your company(s). There is a lot to read. One video journalist who convinces a network editor to do a national story on small business valuation companies and you might wish you had re-thought your decision to use automated telemarketing. I already suspect that many of the "listings" you have don't subscribe to the Wall Street Journal.

Please stop with those annoying telemarketing blitz's and you'll easily stay off the negative radar that no viable company needs to be on.
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#7 REBUTTAL Owner of company

It is true

AUTHOR: Ty - (U.S.A.)

This report is completely true. As a requirement for our lender and collateral for funding our growth, the income of these 3 companies owned by the current owners of Corporate Acq. Group were used in a financial merger. Public announcement had to legally be made and the press release was chosen as well as newspaper notice in The Denver Post. All companies are current with the Colorado Sec of state. All file tax returns annually with the IRS and all have income. Said income is used as collateral on existing debt as CAG doesn't have assets that can be secured as many small businesses understand.

Please contact the company during office hours for further information. References for Brokers, transactions (both completed and in process), employees, and vendors are all available upon request and are gladly given to validate concerns of any kind for current as well as prospective clients.

This press release is not and was never meant to be a reference as much as an explanation of the transaction. Corp. Acq. had been in business for over a year prior to this release and has no complaints through any entity including those in which we are registered and regulated in the State of Colorado or the BBB of Metro Denver. Corporate Acq. currently works with over 100 brokers nationwide in its unique marketing approach. All are licensed in the states in which they work. All transactions are handled by a professionally licensed firm in the state in which the transaction is consumated.
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#8 REBUTTAL Owner of company

It is true

AUTHOR: Ty - (U.S.A.)

This report is completely true. As a requirement for our lender and collateral for funding our growth, the income of these 3 companies owned by the current owners of Corporate Acq. Group were used in a financial merger. Public announcement had to legally be made and the press release was chosen as well as newspaper notice in The Denver Post. All companies are current with the Colorado Sec of state. All file tax returns annually with the IRS and all have income. Said income is used as collateral on existing debt as CAG doesn't have assets that can be secured as many small businesses understand.

Please contact the company during office hours for further information. References for Brokers, transactions (both completed and in process), employees, and vendors are all available upon request and are gladly given to validate concerns of any kind for current as well as prospective clients.

This press release is not and was never meant to be a reference as much as an explanation of the transaction. Corp. Acq. had been in business for over a year prior to this release and has no complaints through any entity including those in which we are registered and regulated in the State of Colorado or the BBB of Metro Denver. Corporate Acq. currently works with over 100 brokers nationwide in its unique marketing approach. All are licensed in the states in which they work. All transactions are handled by a professionally licensed firm in the state in which the transaction is consumated.
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#9 REBUTTAL Owner of company

It is true

AUTHOR: Ty - (U.S.A.)

This report is completely true. As a requirement for our lender and collateral for funding our growth, the income of these 3 companies owned by the current owners of Corporate Acq. Group were used in a financial merger. Public announcement had to legally be made and the press release was chosen as well as newspaper notice in The Denver Post. All companies are current with the Colorado Sec of state. All file tax returns annually with the IRS and all have income. Said income is used as collateral on existing debt as CAG doesn't have assets that can be secured as many small businesses understand.

Please contact the company during office hours for further information. References for Brokers, transactions (both completed and in process), employees, and vendors are all available upon request and are gladly given to validate concerns of any kind for current as well as prospective clients.

This press release is not and was never meant to be a reference as much as an explanation of the transaction. Corp. Acq. had been in business for over a year prior to this release and has no complaints through any entity including those in which we are registered and regulated in the State of Colorado or the BBB of Metro Denver. Corporate Acq. currently works with over 100 brokers nationwide in its unique marketing approach. All are licensed in the states in which they work. All transactions are handled by a professionally licensed firm in the state in which the transaction is consumated.
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#10 REBUTTAL Owner of company

It is true

AUTHOR: Ty - (U.S.A.)

This report is completely true. As a requirement for our lender and collateral for funding our growth, the income of these 3 companies owned by the current owners of Corporate Acq. Group were used in a financial merger. Public announcement had to legally be made and the press release was chosen as well as newspaper notice in The Denver Post. All companies are current with the Colorado Sec of state. All file tax returns annually with the IRS and all have income. Said income is used as collateral on existing debt as CAG doesn't have assets that can be secured as many small businesses understand.

Please contact the company during office hours for further information. References for Brokers, transactions (both completed and in process), employees, and vendors are all available upon request and are gladly given to validate concerns of any kind for current as well as prospective clients.

This press release is not and was never meant to be a reference as much as an explanation of the transaction. Corp. Acq. had been in business for over a year prior to this release and has no complaints through any entity including those in which we are registered and regulated in the State of Colorado or the BBB of Metro Denver. Corporate Acq. currently works with over 100 brokers nationwide in its unique marketing approach. All are licensed in the states in which they work. All transactions are handled by a professionally licensed firm in the state in which the transaction is consumated.
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