• Report: #604137

Complaint Review: Discount Capital Corp.

  • Submitted: Mon, May 17, 2010
  • Updated: Wed, February 13, 2013

  • Reported By: ILattorney — Springdale Arkansas United States of America
Discount Capital Corp.
18586 Main Street, Suite 100 Huntington Beach, California United States of America

Discount Capital Corp. Jim Hagan, James Hagan (President), Jim Hagen Promised to find capital, required 1st and last lease payment, never delivered capital, kept the money Huntington Beach, California

*General Comment: Discount Capital- Jim Hagan

*Consumer Suggestion: Not an accurate pic of Hagan

*Author of original report: Clarification re: Rustan Laine

*Author of original report: Clarification re: Mortgage Relief Project, LLC and my Discount Capital complaint

*Author of original report: Struck a nerve indeed!

*Consumer Comment: struck a nerve

*Consumer Comment: 100% WRONG!!!!!

*General Comment: don't know Wontor

*Author of original report: Was Steven Wontor involved in your Minneapolis deal?

*Author of original report: Was Steven Wontor involved in your Minneapolis deal?

*Author of original report: Here is an independently confrimed photo of Jim Hagan/ Discount Capital Corp/Anchorbay Financial/Mortgage relief project, LLC

*Author of original report: Check out Rustan Laine, Anchorbay Anchor Bay Financial/Mortgage Relief Project, LLC

*Consumer Suggestion: Heads up at AnchorBay Financial

*Consumer Suggestion: contact Secret Service

*Consumer Comment: Update

*Author of original report: Is Hagan into DeTomaso Panteras and the like?

*Consumer Comment: update

*Author of original report: Forurinfo

*Consumer Comment: Update on my post, Sorry bout that

*Author of original report: Forurinfo? Says "Company Owner"

*REBUTTAL Owner of company: Any new updates?

*Author of original report: New Name, same old scam

*Author of original report: Our investigator in Huntington says he's not gone

*Consumer Comment: Good Luck Jerry

*Consumer Comment: Good Luck

*Consumer Comment: complaints to secret service office

*Author of original report: Thanks to the guy from Burnsville

*Consumer Suggestion: Suggest report to secret service

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Summary:

Contacted banks for capital. [continued below]....
.....  Banks connected my company to Discount Capital to "help" secure financing.  Started very friendly relationship with Discount Capital and Jim Hagan.  Looked like they would work hard to secure the capital needed.  They were supplied with everything they required. Then: 

Discount Capital indicates that money for the first and last payments on a loan that they are "close" to securing is required.  Money ($16,215.26) is sent to Discount Capital in anticipation of receiving the capital requested from a lending source.  Money is received by Discount Capital, and communication from them all but ends.  Emails go unanswered, and Jim Hagan is like a ghost.  When Hagan replies, he does so as if HE has been victimized by YOUR unprofessional rants and an you, the impatient customer.

When it appears that the deal really is not going to go forward, requests for a refund of monies paid to Discount are served upon Jim Hagan.  He ignores them.  He responds only to point out that he can keep any money he has earned searching to secure capital for the customer.

The service provided by Discount Capital is, at minimum, sloppy and amateurish.  At the far end of the service spectrum, they are precisely and perfectly fraudulent. The web site quality alone is pretty telling, as it appears to have been built equally sloppy and amateurish. 

The fraudulent service opinion stems from the abrupt change in communication and responsiveness of Discount Capital after they received the sum of $16, 215.26  and were pressed to perform what they promised.  They indicate hard work and expense searching for your capital, yet refuse to document any of the work or provide proof of the efforts made. 

This company is not to be trusted.  Again, at minimum, they could care less about customer service.  On the other hand, that could all be part of the plan...

My investigation will continue as I piece together the other parties connected to this company:  those who directed the company to Discount Capital, and even offered to provide legal services to help get the money back from Discount, while it is suspected that the very same company who offered to go after Mr. Hagan for the refund is also connected to Mr, Hagan...addition to his complaint to follow.

This report was posted on Ripoff Report on 05/17/2010 11:40 AM and is a permanent record located here: http://www.ripoffreport.com/r/Discount-Capital-Corp/Huntington-Beach-California-92648/Discount-Capital-Corp-Jim-Hagan-James-Hagan-President-Jim-Hagen-Promised-to-find-capi-604137. 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:
13Author 14Consumer 1Employee/Owner
Updates & Rebuttals

#1 General Comment

Discount Capital- Jim Hagan

AUTHOR: Scott - ()

Our firm has represented Discount Capital and Jim Hagan for many years.  They deal with high risk companys and individuals with credit issues that preclude them from traditional sources.  The contracts that the complaining individuals sign is very clear, Discount Capital will locate a source of funds that will provide the monies requested by the complaining individuals.  The contract also provides that a first and last "lease" payment is required.  What these people do not choose to remember or read is that once Dicount Capital locates a source, prepares a "lease" settlement offer from this funding source, Discount Capital has completed the services that were contracted for and the monies collected are earned by Discount Capital.

Every complaint that we dealt with was the result of the company or individual not liking the terms and condictions from the funding source.  The interest rates are somewhat higher due to their own credit issues.  These companys and/or individuals get upset with Discount Capital and proceed to wage a name calling campaign and have even filed lawsuits.  Not one case has ever reached a trial. 

The complaints you are reading are from companys and individuals who are business owners that siogned a contract they failed to adhere to and instead blame Discount CApital and Jim Hagan. 
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#2 Consumer Suggestion

Not an accurate pic of Hagan

AUTHOR: republic - (United States of America)

The picture posted is not Jim Hagan, I knew Jim and that photo is not Mr, Hagan 
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#3 Author of original report

Clarification re: Rustan Laine

AUTHOR: Fraudbuster - (USA)

In the interest of disclosure and fairness, this complaint string was created to inform the public of a specific complaint against Discount Capital Corporation of Huntington Beach, California and to inform the public of others who have had the same or similar problems with Discount Capital's business practices.  Any reference to Rustan Laine is used for the purpose of informing the public that they will encounter internet sources and information posted by Rustan Laine on behalf of Discount Capital or that lead the reader to seek out the services of Discount Capital.  This complaint in no way is intended to indicate in any way that Rustan Laine is the owner or operator of Discount Capital or any other company mentioned and should not be read as such.  The posts are not an indictment or criticism of the services provided by Rustan Laine as there is no information regarding the quality or veracity of the work he does.

Anyone seeking to do business with Discount Capital should note the complaints found here and elsewhere on the internet and research the business themselves.  There is no information found in this string that should indicate that Rustan Laine is an active participant in the multiple claims of fraud made by the posts or those posts of others against Discount Capital or Jim Hagan.  Any reference to internet posts made to bring business to Discount Capital/Anchor Bay are there to illustrate the methods used to continue the business operations of Discount Capital. Unless explicitly stated otherwise, reference to "him" or "he" are referring whomever runs/owns/profits from activities of Discount Capital.

The complaint is against Jim Hagan and Discount Capital and anyone knowingly participating in a concerted effort to defraud consumers under the umbrella of Discount Capital.  Reference to Anchor Bay Financial is to illustrate the obvious connection between the companies and the practices being utilized. 

Readers must be vigilant and thorough when dealing with companies over the internet.  
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#4 Author of original report

Clarification re: Mortgage Relief Project, LLC and my Discount Capital complaint

AUTHOR: Fraudbuster - (USA)

To all who read this:

It is not this poster's intention to infer or otherwise state as fact, anything negative regarding Mortgage Relief Project, LLC or anyone involved therefor. I have no knowledge of anything negative regarding Mortgage Relief Project, LLC.  Any reference to Mortgage Relief Project was and is used for the purposes of notification to the reader that a person who has done work for Discount Capital has posted information regarding Mortgage Relief Project.  Any negative inference regarding Mortgage Relief Project was not and is not intended.  This poster has no complaint against Mortgage Relief Project, LLC or the members/partners/employees thereof.  I have no information about this company nor have I found any complaints regarding this company.

 
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#5 Author of original report

Struck a nerve indeed!

AUTHOR: Fraudbuster - (USA)

While I will not engage in a back and forth debate with our newest poster, I will say that it is irrelevant that Hagan may have closed some deals.  He didn't do what he said he was going to do:  justify keeping the 1st and last lease payment he required. He ignored requests for proof of the work he supposedly performed. 

If he is a legitimate businessman, why has he not defended himself here?  Why did I get an email showing that I ordered magazines that I did not order after I started my investigation.  Why are there others who have had the same experience with Hagan?  Why is the business license for Discount Capital expired?  Why does Rustan Laine blog bomb everywhere on the net?  Why does the address for Discount also include that of Edition.net?  Why do they share a fax number that is listed to A. Atkinson?  Why does WWIZ Magazines have the same contact info as Discount?  Why doesn't that legitimate businessman respond to Better Business Bureau inquiries? Why does Anchorbay Financial lead you back to a Discount Capital form?  Why are all the people in the chain connected to fly-by-night internet schemes?  Why was the contact in my client's case convicted of the same exact fraud we propose occurred here...twice?  Why did that contact spend time in federal prison? Why did the application to Discount include a "Marshall Trust" crest?  Why doesn't the businessman post references?  Why didn't he account for his time as he promised?  Why have we sworn to the facts of this matter on official California, Florida and Arkansas affidavits?  Why does his office have little to no staff yet he "sends things to legal"?  Why are the stories we have heard about Hagan so similar?  Why does Rustan Laine, the computer guy, post all over the net (including job postings on Craig's List) leading people back to Anchorbay Financial and Discount Capital Corp.?  Why do the ads say "ask for Mr. Williams" when there isn't a Mr. WIlliams?  Why didn't any of the refering parties to this deal get paid?  I could go on but I don't want to reveal all of my cards.  Understand this:  we have hired people to seek capital from these sources who will document the activities.  The Electronic Crimes Division of the Secret Service has the complaints.

If Mr. Hagan has closed legitimate deals, good for him and those he found capital for.  He didn't in many cases it appears and surely did not in the case of my client.  Slander and Libel do not apply when the speech is supported by facts.  Know the law before spitting the law.

Defender of Hagan, come forward and prove he is legit.  I bet you won't. I bet you can't.  Actually, prove my client's deal was legit and we will give up all this.

Proof. 
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#6 Consumer Comment

struck a nerve

AUTHOR: jerry - (USA)

Apparently struck a nerve. 

 

Appears totally uninformed or maybe a fellow Scammer.
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#7 Consumer Comment

100% WRONG!!!!!

AUTHOR: S.Viega - (United States of America)

First off, NO!!!  Not even close to even looking like Hagan. Secondly, he is a legitimate and successful business man. There is never a guarantee that you will get funded, and if people would read documents, they would know that before they make a deposit for "ANYTHING"  So posting such horrible things about other people and Slandering them, well "IDIOTS", its "WRONG"..There have been many many deals that went thru, and those who did not get funded and were/are bitter? Then get over it. Nothing is ever promised and guaranteed..Perhaps those of you who get denied, there is a "REASON". If that is the case, you will be given an explantion as to why, don't be so quick to judge, and stop trying to threaten here. Is your life so boring, depressing, and miserable, that you have to waste precious time blogging about someone who has done nothing wrong, and is only trying to support his family and survive? Get a freaking "LIFE"!!!!!!!

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#8 General Comment

don't know Wontor

AUTHOR: jerry - (USA)

I think there is more than one minnesota case.  Steve Wontor did not show up for us although I will check with the Broker who linked us up.

 

Also:  Do a Google:    south dakota war college hagen

 

Do you suppose there is a chance that the Jim Hagen who "might be coming back from California" to work on a political campaign is our little Crook?

 

It says he last worked politically for Janklow.  Janklow is a former Governor of South Dakota who went to jail because he blew thru a stop sign and killed a mortocyclist.  

 

Tried to call SD Reipublican office and the office of Dave Kundson the political candidate and got stomewalled.
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#9 Author of original report

Was Steven Wontor involved in your Minneapolis deal?

AUTHOR: Fraudbuster - (USA)

Let me know via this complaint.  Thanks.
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#10 Author of original report

Was Steven Wontor involved in your Minneapolis deal?

AUTHOR: Fraudbuster - (USA)

Let me know via this complaint.  Thanks.
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#11 Author of original report

Here is an independently confrimed photo of Jim Hagan/ Discount Capital Corp/Anchorbay Financial/Mortgage relief project, LLC

AUTHOR: Fraudbuster - (USA)

If anyone looking at this would like to further confirm this photo or shed dome light on this scam, please post here.

Thank you.
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#12 Author of original report

Check out Rustan Laine, Anchorbay Anchor Bay Financial/Mortgage Relief Project, LLC

AUTHOR: ILattorney - (United States of America)

Jim Hagan may not even exist.  What I do know is that the world gets connected to Discount Capital/Anchor Bay Financial/Mortgage Relief Project, LLC through a person named Rustan Laine located in Huntington Beach, CA.

He is the computer guy.

He posts information about getting capital all over the web.  He posts under the jobs section of Craigs List recruiting people to lead others to these companies; thus  creating a web of lead sources all over the U.S.. These poeple will be duped into sending clients his way.  His posts say that all you have to do is ask business owners "do you need capital?" and you get paid.

This scam works by getting people who need funds to go through the innocent party to be fed to the scammer.

Since I have started my efforts, my email has received notices of magazine subscriptions to gay magazines in my name (sort of).  He got my email from my posts and emails to him, my responses to his Craigs List post ect., and my constsnat requests for Hagan to return the money that was stolen.

I think I know who Bruce is as well.  We'll see if that lead bears fruit.

Rustan Laine is also president, according to his resume, of Huntington Continental Town Home Association.

Look him up, he's all over.  It's easy to put the pieces together once you do the leg work.

It'll be easy for the authorities too.

 

 

 

 

 

 

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#13 Consumer Suggestion

Heads up at AnchorBay Financial

AUTHOR: jerry - (USA)

I posted a "heads up" message @ AnchorBay Financial.  Suggested that anyone who  got to the site should  check out reports on Jim Hage, Discount Capital etc.-- then make their own decision as to whether they want to becoem involved.

 

Hopefully the Investigaor(s) will keep him on the redar.
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#14 Consumer Suggestion

contact Secret Service

AUTHOR: jerry - (USA)

good to see there is some activity.  I note the intent to reprot to Police Dept.  I suggest that any information also go to:
 

Lutrell Smith

United States Secret Service

200 W. Santa Ana Blvd. Suite 500

Santa Ana, CA 92701

714-569-2530 Desk

714-315-1215 Cell

Mr. Smith has a file on Hagen.  I understand that he has been contacted by investigator(s) from out of state about additional victim{s).

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#15 Consumer Comment

Update

AUTHOR: forurinfo - (United States of America)

In regards to your last post, have no idea who those two people are. The only thing I can thinkof is that they are the Property Managers of that address. Executive Building Service, Inc. They filed a Small Claims against him, well, his Company Discount Capital, but since then has been dropped. I believe that was back in May?

He moved out of that office space long time back, so the new tenants likely do not have any relation to him. James Hagan lives in Michigan now. He is no longer in the State of California...Maybe when he gets the itch to buy a Hot Rod, maybe we will hear from him. I will be sure to let Bruce know to pass anything on to the Huntington Beach Police if he has any further info.

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#16 Author of original report

Is Hagan into DeTomaso Panteras and the like?

AUTHOR: ILattorney - (United States of America)

Would/could Jim Hagan be Dave Adler? 

 

Linda and Dave Adler have the same address as Discount Capital.  They run the DeTomaso fan club out of the same office.

 

Foruinfo, you got any info?

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#17 Consumer Comment

update

AUTHOR: forurinfo - (United States of America)

I have passed the information along. I am often on boards like this. We deal with alot of people and I often go to Boards like these to look information up. Funny how I came across this one. I have done business with Anchor Bay Capital located in Carlsbad, Ca. I came across the Anchor Bay Financial wondering if they were one of the same, and no relation, but The Anchor Bay Financial sites linked me to Discount Capital. I believe those are one of the same Companies. Its just that my buddy Bruce had done business with him and I read what happened. I suppose I really have no business to post here when I personally don't know James Hagan, but I have advised Bruce to give info if he has anything that can be of any help. He had mentioned he moved to Michigan and re-established his business there. Thank you for your info. I won't waste your time and I apologize if I hit a nerve.

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#18 Author of original report

Forurinfo

AUTHOR: ILattorney - (United States of America)

Thanks for clearing that up for me.

How did you come to find out about Ripoff Report and this complaint?

It's odd that someone who did not get scammed by Hagan would even find these complaints.

I'm sure that Bruce could provide some valuable information to help apprehend this con artist.  If you would like to help, ask Bruce to Contact the Huntington Beach Police with any information he can provide.  They have a file on this matter.

 

Really, if you have any information please post it here.

 

My source in Huntington is positive that he hasn't skipped town.

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#19 Consumer Comment

Update on my post, Sorry bout that

AUTHOR: forurinfo - (United States of America)

Was just wondering if there were any updates. I am not the owner, that was a mistake before I posted. Sorry bout that.

A business associate of mine had done business with James Hagan at one time. He buys and sells Vintage Cars, and he goes by the name of Bruce. They restore Hot Rods and Collect them. I am not in any way, shape or form the Owner of this Company or Mr. Hagan. You have nothing to worry about with me being a fake poster here. Alot of people post false information on boards like these. Bruce had a legitimate deal with James Hagan, he bought a car from him just before he moved. I believe he drove a Ford Truck, but I could be wrong...

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#20 Author of original report

Forurinfo? Says "Company Owner"

AUTHOR: ILattorney - (United States of America)

What's the story? 

 

One problem with this site is the same thing that makes it great: anyone can post.

Forurinfo, please post how you know anything about this person/persons or this scam.

If you are legit, please indicate the make of car Mr. Hagan drives so I can verify that you have actual, firsthand information to provide.

 

Thank you for your information so far, but I cannot waste efforts on random posts.

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#21 REBUTTAL Owner of company

Any new updates?

AUTHOR: forurinfo - (United States of America)

Whats the latest on the Hagan Scam? Seen the Website, yep, its the same...
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#22 Author of original report

New Name, same old scam

AUTHOR: ILattorney - (United States of America)

Mr. Jim Hagan has this site now.  This new site is identical to the Discount Capital site.  The name he picked looks like intent to mislead b/c his is named Anchor Bay Financial and there is a financial services company named Anchor Bay Capital.

This guy puts his propeller ads on a blog supposedly put up by Anchor Bay Financial, but if you look at Anchor Bay Financial, you see the exact website for Discount Capital with different logo.

He runs the site, the blog, the ads, everything.

Check it out for yourself.  The site says it's a Michigan company.



http://www.anchorbayfinancial.com/index.html
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#23 Author of original report

Our investigator in Huntington says he's not gone

AUTHOR: ILattorney - (United States of America)

Looks like Mr. Hagan isn't gone.  My investigator assures me that he will not lose track of this guy.  Once the investigation garners a few more statements, every law inforcement office we can think of will recieve the evidence neatly packaged, and full of solid information for them to use.

He'll go down soon.

Trust this.

 

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#24 Consumer Comment

Good Luck Jerry

AUTHOR: forurinfo - (United States of America)

Jerry,

      There are a few on this Ripoff Report who have complained. From what I have heard, he up and moved out of state. Seems to have  ran off and re-opened in a different name apparently. Word travels fast amongst the conned. Good Luck..

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#25 Consumer Comment

Good Luck

AUTHOR: forurinfo - (United States of America)

Don't quote me on this , but From what I understand, James Hagan moved, Packed up and skipped town. He has a new Alias...Good luck to everyone getting your funds back...
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#26 Consumer Comment

complaints to secret service office

AUTHOR: jerry - (USA)

thanks for the response:

 

I was referred to a local Loan Broker by an officer at my bank.  The Broker referred me to Disocunt Capital.  Much of the correspondence etc took place thru the local Broker. 

 

I have found that the local Broker did not really know anything about this guy (Hagen).  He had been referred by someone else.  I am trying to track that down and see if there are some other victims to be identified here. 

 

I tri ed to do some due dilligence.  We got some referrals, including a couple of Drs. in the CA area.  They both reported that they got fincaning thru the place.  In reviewing my notes I realize their activity was a couple of years old.

 

I do not recoginize the name, Wes Robisnon.  I don't believe he showed up anywhere.

 

I think if we can get enough people with claims to toal $100k we can get some action from the Secret Svc. office in CA.

 

Good luck c;ao,
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#27 Author of original report

Thanks to the guy from Burnsville

AUTHOR: ILattorney - (United States of America)

I have a feeling this rip off scheme is much bigger than the few who have complained on this site. 

Was a guy named Wes Robinson involved in your deal?  How did you get ultimately end up with Discount Capital?

 

Our situation started at a legit bank, who then directed us to guy who finds capital, who sent us to another company (run by Wes Robinson, who was twice convicted of mail fraud for this exact kind of scam), who then sent us to Discount.

We can, if the victims work together, get some closure on this thing.

Thanks for your comments and suggestions!

 

 

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#28 Consumer Suggestion

Suggest report to secret service

AUTHOR: jerry - (USA)

I am one of the people who were scammed by Jim Hagen and his Discount Capital Corp.  I came across the Ripoff Report web site by accident and note that there are several with issues similar to mine.

 

I engaged an Attorney who is pursing the issue as a civil matter.  I am not optimistic that will result in anything positive but the Attorney has taken the case on a contingent basis so I did not have to spend more money to start the process.

 

I also contacted the Attorney General in my state.  That office is making efforts to communicate with Hagen and try to get some money refunded.  The office also told me that I may have been the victim of a crime.  They recommended that I contact several law enforcement agencies.  One agency was the United States Secret Service, Electronic Crimes Task Force.

 

I started in my state and was eventually connected with a Secret Service Agency office in Santa Anna, CA.  I have forwarded pertinent information to that office.  I have provided a synopsis of my issues and copies of the associated documents, including e-mails etc.  I also included copies of your and other reports that are on the Ripoff Report site. 

 

The contact information is:

 

            Lutrell Smith

United States Secret Service

200 W. Santa Ana Blvd. Suite 500

Santa Ana, CA 92701

714-569-2530 Desk

714-315-1215 Cell

Lutrell.Smith@usss.dhs.gov

 

I have no idea if anything will develop from this.  The Agent did tell me that the felony threshold for matters like this is $100,000 (cumulative).   Statute of limitations depends on what the US Attorney decides to charge the offender with.  It could be anywhere from 3 to 5 years.  I currently see five reports on the Ripoff site that total over $74,000.  I expect there are others who have been scammed and were not aware of this web site so do not show up here.  If others can be identified $100,000 total seems reasonable.

 

I suggest (request) that you contact the Secret Service and inform them of your complaint against Hagen et.al.   I am certain that multiple complaints will elicit more response than one.

 

If you have knowledge of any others who have been robbed, I suggest that you encourage them to become involved as well.

 

 

Good luck

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