• Report: #312517

Complaint Review: FDP Capital, Thomas J. Kent

  • Submitted: Wed, February 27, 2008
  • Updated: Sat, April 16, 2011

  • Reported By:Bellevue Washington
FDP Capital, Thomas J. Kent
67 Wall Street, Suite 2211, New York, New York U.S.A.

FDP Capital, Thomas J. Kent, Brad Robinson, Se Milroy Investment Banking Scam, Investment Fund Scam, $5,000 Fees Upfront for "Due Diligence" New York Nationwide

*REBUTTAL Owner of company: Sounds like opm10 is very jealous of Thomas. Put your name up omp10 so the world can see who you are.

*Consumer Comment: New Company that he is scamming people: Wilshire Inc. and Wilshire USA LLC

*REBUTTAL Individual responds: Now FDP Capital is trying to falsely slander us as a form of defense.

*UPDATE Employee: RealDeck, RDI Enterprises S.A., attempted to obtain a loan for $5 million from FDP Capital for likely Illegal Offshore Internet Casino

*Author of original report: FDP Capital is a Scam, along with Thomas J. Kent, Brad Robinson, Sean Milroy, D. Epstein and any other aliases they use...

*Author of original report: FDP Capital, Thomas J. Kent, Brad Robinson, Sean Milroy, Investment Banking Scam, Investment Fund Scam, $5,500 Fees Upfront for "Due Diligence" New York and Nationwide

*UPDATE Employee: Regarding "Rd"

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

FDP Capital and Thomas J. Kent claims to be an Investment Banking fund that manages $500 million to fund entrepreneurial ventures. They request you complete an application and if approved they will contact you. When they contact you they require that you wire $5,500 for travel and due diligence fees. Our company was seeking $5 million to launch and we were "pre-approved for funding".

We were introduced to FDP via a "broker" Brad Robinson that claimed to have done many deals with Thomas J. Kent and FDP Capital. We wired the $5,500 because there was a refund clause if funding was not provided.

Thomas J. Kent traveled to our offices to conduct due diligence. We were immediately concerned because he didn't look like an individual who was worth or managed millions, and on top of that, he did not ask one probing question about our business. He did however say that he was impressed and that we would receive a letter of funding for thr $5 million and escrow attorney information within a week. We never received any ecsrow attorney information, or funding.

We were given excuse after excuse to why there were delays. After a month of this we demanded our refund and sent in our notarized refund request. It has been several months later and we have received NO refund nor further communication.

FDP Capital operates out of an executive office suite and has no real offices of their own. You can never get them on the phone by calling their offices. They work with desperate "brokers"/introducers who are promised $500 for each $5,500 site visit fee.

Since being scammed by FDP Capital we have conducted considerable research and uncovered at least four other companies that were scammed in the same way by FDP. We were not able to uncover one company that had been funded by FDP.

Do not do business with FDP, they are in the business of fraud and collecting site visit fees, not investment funding.

Rd
Bellevue, Washington
U.S.A.

This report was posted on Ripoff Report on 02/27/2008 10:26 AM and is a permanent record located here: http://www.ripoffreport.com/r/FDP-Capital-Thomas-J-Kent/New-York-New-York/FDP-Capital-Thomas-J-Kent-Brad-Robinson-Se-Milroy-Investment-Banking-Scam-Investment-312517. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on FDP Capital, Thomas J. Kent

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 5Consumer 2Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

Sounds like opm10 is very jealous of Thomas. Put your name up omp10 so the world can see who you are.

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

Sounds like omp10 is very jealous of Thomas Kent. Put your name up so people can see your real name. Sounds like this is Ted. Keep it up . Your time is almost over. You know this.
Respond to this report!
What's this?

#2 Consumer Comment

New Company that he is scamming people: Wilshire Inc. and Wilshire USA LLC

AUTHOR: opmsela10 - (United States of America)

 

He is now calling himself Mike Ryan. Mike Ryan is Thomas Kent of FDP Capital and he is also going by Tom Kent.  Wilshire Inc. and Wilshire USA LLC are his newest scam company's!!! 

We sent them a project that did not even exist and we received an LOI for $9,500.  Then we got on a call with Mr. Ryan (aka Thomas Kent, or Tom Kent) and by our group of Brokers past experience we recognized his voice (absolutely no doubt) and he even made the mistake of using his own name during the conversation.

The guy is a CROOK!!!!!!

Pass it on to ALL of the Brokers out there, DO NOT DO BUSINESS with them!!!!!

The phone he is using now is (347)835-8671

 

Please HELP us take him down today!!!

 

This complaint is also being filed with the State of Delaware (recently filed as a New Business)

cc: State of Delaware

Respond to this report!
What's this?

#3 REBUTTAL Individual responds

Now FDP Capital is trying to falsely slander us as a form of defense.

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

After we completed FDP's application WITH COMPLETE TRANSPARENCY regarding our business and backgrounds, FDP Capital 'pre-approved' us for a $5 million loan secured by equity in our company...FDP required that we pay them a refundable $5,500 for a site visit first so they could 'verify' our business. After the site visit we were told the $5 million were already allocated for our project and would be in our possession within 30-days, ANY WE RECEIVED A LETTER OF FUNDING IN WRITING. From that point forward not one commitment made by FDP was kept.

We never heard from their attorneys, nor received any escrow information, and a few months later when we requested a refund, they said we needed to put it in writing and it would take two weeks to process...after two weeks came and went, they said we needed to notarize the refund request and wait another two weeks, which we did. Several months later we have not received any refund nor further communication from FDP Capital, just their online attempts to slander us personally and professionally.

FDP's Modus Operandi:

Once they have your site visit fee and they show up for a couple hours at your company for the supposed 'site-visit', they go into stall and excuse tactics until you finally give up hope or realize you have been scammed. We filed the following report against them: http://www.ripoffreport.com/reports/0/312/RipOff0312517.htm. Since then they have taken on a campaign to discredit our attempts to expose them, in addition to bizarre tactics to try and make them look legit.

Here are some of those links, a little research will show their creativity of just adding a comment to news or blog articles:

http://www.allbusiness.com/economy-economic-indicators/economic-news/6630850-1.html

http://www.allbusiness.com/legal/property-law-real-property-zoning-land-use/6791564-1.html

http://www.youngentrepreneur.com/forum/blogs/newsworthy2u/106-thomas-j-kent-jr-and-fdp-capital-shines-brightly.html

IF WE WERE LOOKING TO OPERATE AN ILLEGAL VENTURE, why would We have indeed filed reports with the FBI (Case# 1727962), The New York Attorney General's office, the New York Chamber of Commerce (who removed them from membership) www.chamber.com , and the National Investment Bankers Association http://www.nibanet.org/ (who also since removed them)? Both the NY Chamber and NIBA were used as credibility references by FDP Capital in extracting $5,500 out of us.

The facts are that not one verifiable company can be uncovered to support any of FDP's business claims, and the reports they have filed on this site about us are there to slander us and defend our attempts to protect others from the same misfortune as us.

Please do a little research and you will find that they are nothing more than scam artists bilking individuals/companies such as ours out of supposed site visit fees in attempts to find funding.

For us this is no longer about the $5,500, it is the principle that these scammers are still taking advantage of companies' hope to find funding, and using that hope to scam them out of 'site visit' fees.

You have to ask yourself, if FDP is so connected on Wall Street, why are they worried about little ole RDI? If you contact FDP, ask them to provide you one verifiable registered company with address and phone (not a cell phone number) they have funded.

DO NOT PAY UP FRONT FEES!

Please feel free to call us to discuss at the number listed on this posting.

425-836-4000.
Respond to this report!
What's this?

#4 UPDATE Employee

RealDeck, RDI Enterprises S.A., attempted to obtain a loan for $5 million from FDP Capital for likely Illegal Offshore Internet Casino

AUTHOR: FDP Capital - (U.S.A.)

FDP Capital LLC is a Wall Street Private Investment Banking Firm, which means that we have a duty to protect our investors from the myriad of bad investment schemes that are out there trying to get funded. Obviously that includes thoroughly vetting a business that is looking for funding. Part of that process is to have one of our inspection agents do an on site inspection to insure that the project is real, has no undisclosed risks, and has the potential to earn enough capital to repay the investor. The potential client is required to pay the expenses for this inspection including airfare, room and board, and ground transportation and the inspectors time.

After the inspector has completed his inspection of the project, he makes his report to the FDP Capital board for approval, rejection, or further investigation. In this case, when the inspector made his report on RDI Enterprises, further investigation was ordered into the gaming laws, and discrepancies were found.

A conference call was set up with the principals of RDI Enterprises S.A. and FDP Capital LLC to address these discrepancies. During the conference several questions were asked about who would be clients for the casino, and how an offshore casino could repay its investors. The answers were disturbing.

The principals of RDI Enterprises revealed that the online casino would be owned by a shell company based in a small Central American nation, but would have it's internet servers located in the US and would target gamblers living in the US, and that the investors would be repaid by sending the money through several offshore bank accounts owned by other shell companies in multiple Caribbean nations. Our legal department immediately warned us that such an arrangement would likely violate several money laundering and banking laws as well as US gaming laws.

FDP Capital's board ultimately determined that RDI Enterprises was attempting to fund a likely criminal enterprise and that by doing so they had violated the terms of their contract and wasted our time. RDI Enterprises was subsequently informed that their project had been declined for breach of contract.

Sometime later RDI submitted a request for refund of the balance of the site visit fee, this request was denied because the deposited funds had already been depleted and because the contract states that a refund is only applicable if the client is not at fault. In this case it was determined that RDI was at fault for failing to disclose serious legal problems inherent in its offshore gambling business model and because Mr. Phipps had been (to say the least) uncooperative with our employees.

Mr. Phipps (a principal of RDI) deserves special mention here due to his campaign to abuse, intimidate, and injure FDP Capital and its employees via e-mail, telephone, and in various forms of postings on the internet. At times he appears to lose control and act out irrationally. When Mr. Phipps has not gotten his way, he has become increasingly aggressive, made threats, and attempted to intimidate those whom he has targeted. When those tactics were ineffective, he has shown that he is willing to lash out at his targets by making incendiary and defamatory anonymous comments on blogs and message boards on the internet attempting to damage the reputation of his targets. He even boasts about his tactics apparently hoping to further upset and intimidate his targets.

Unfortunately for Mr. Phipps what he has been doing is against the law and we have assigned a legal team to work up a case on him and his company so that we may bring suit against him for damages caused by any and all unlawful acts and statements he, his partners, or his associates may have committed against us or our employees. It is indeed unfortunate that such steps need to be taken.

Common sense would seem to dictate that a company looking for funding, were it legitimate, would not seek to antagonize and damage a well connected Wall Street investment banking firm. It is unclear how such a company, who has been looking for funding for the last four years, would believe that their actions with this firm would not effect their future prospects with other investment firms. But that is the track this company seems to be set on. 'alea iacta est'

RDI Enterprises, it seems, prefers to blame us rather than themselves for the consequences of their actions. They continue to maintain that we were under some obligation to fund their scheme, we were not. We made no commitment to fund them and would not make such a commitment without first knowing what they are planning to do with the money and how they plan to repay the funds. Furthermore, any contract that involves an illegal enterprise is automatically void under US law. By accusing us of wrong doing, they appear to be attempting to shift the blame away from their offshore gambling scheme and the $5 million dollars that they would have received had they gotten the loan, money that likely could never be repaid legitimately if ever at all. Instead they attempt to focus public attention on the $5500 deposit they paid toward our expenses to inspect their project, most of which had been spent during the inspection process. Money that they lost because their project violated the terms of their contract with us.

Any interested party wishing to know more about RDI Enterprises S.A. (aka RealDeck), its principals, or our own investment banking policies are encouraged to contact us through our website at: www.FDPcapital.com , or via email at: funding@FDPcapital.com . Our legal department will be happy to provide you with a packet of information to assist you in making an informed determination about RDI Enterprises S.A. and its offshore gambling scheme.
Respond to this report!
What's this?

#5 Author of original report

FDP Capital is a Scam, along with Thomas J. Kent, Brad Robinson, Sean Milroy, D. Epstein and any other aliases they use...

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

This is a reply to FDP Capital's rebuttal by "D. Epstein". I would love to respond to their rebuttal as if they are a legitimate company, but I cannot because they are scam artists. I have requested they have their attorney(s) contact me, but none ever did. I believe the best response is to paste in my very last email communication with FDP on October 25, 2007 which received no reply or calls from anyone at FDP.

Do not let FDP scam you!

Patrick Phipps


-----Original Message-----
From: Patrick
Sent: Thursday, October 25, 2007 4:40 AM
To: 'sean@fdpcapital.com'; 'kent@fdpcapital.com';
Cc:
Subject: RE: Regarding your recent email


Mr. Milroy:

To-date, FDP Capital has done nothing to prove that you are a legitimate business. Every commitment and promise you made to us has been broken. We were promised Escrow Attorney information from day one and here we are 8 weeks later with more evidence proving your operation to be a fraud and a scam, and less to support your case of being legitimate. I have uncovered multiple clients/victims of FDP that have claims similar to ours, and not one that has been funded. I would like you to prove to us that you are legitimate and prove you have $500 million under management or you are $30 million liquid, or that you had already allocated the $5 million for our project. I would be surprised if you could even provide one legitimate client you have funded.

You listed fraudulently on your reference sheet that Vincent Breeding was a builder client of FDP's and "Thomas J. Kent, Jr." and Vincent said FDP funded a $35 million golf course project in Bakersfield. I have learned that Vincent is an inactive real estate and was acting as a "broker" similar to Brad Robinson, and not the client...not to mention no funding was ever accomplished, just additional site visit fees from other victims out of Bakersfield. I also have uncovered a number of other facts and lies about FDP that I have on file.

If you look at the emails going back and forth, as I know you have, you would know that the only harassment, threats, intimidation, and defamation, not to mention the sharing of confidential information related to our project with 3rd parties not involved, came from your "partner", "Thomas J. Kent, Jr.". As for your accusation of civil rights violations, that is a very serious allegation with no proof whatsoever! I have seen the doctored email that your partner sent to Vincent Breeding and Brad Robinson supposedly from me. If you want to bring in the legal and criminal authorities, please do, I welcome it.

I am 100% confident that you will not try and prove any of the above because you already know you cannot.

The evidence I have uncovered shows that your business' purpose is simply in the business of taking site visit fees that are small enough that most people won't bother when you give them whatever excuse necessary to them as to why you could not fund them.

Feel free to prove me wrong.

PS, Mr. Milroy, what is your phone number? Because throughout this eight week experience, not one FDP associate has been able to be reached via your shared executive office space reception phone number.

In the meantime, on principle, I will be doing everything in my power to protect other unsuspecting victims from your scam.

Patrick Phipps
RDI



-----Original Message-----
From: Sen -FDP Capital LLC [mailto:sean@fdpcapital.com]
Sent: Thursday, October 25, 2007 1:30 AM
To: rdi
Cc: 'kent llllll'; 'Patrick Phipps';
Subject: Regarding your recent email


To: RDI
Re: Real Deck Internet Casino Project



As I am sure you are aware, FDP Capital, LLC has a refund policy and that policy is clearly stated in the agreement that you signed. That agreement is binding and it states that any request for refund must be notarized and in writing and received by our office as stipulated. Obviously that precludes any verbal, electronic or facsimile communication which our experience has shown can be unreliable and problematic with regard to record keeping. We have not adopted this policy lightly, but as a result of several past illusory requests for refund that clients have tried to use as a ploy to renegotiate the terms of their financing, therefore we now require all client requests for refund to be signed, in writing and independently authenticated by a notary public before we will accept it; since any request for refund terminates the client's agreement and any offers to finance the client's project; we must be sure that the person making the request has the authority to do so and that we can document that authority. We don't consider this to be a hardship on the client because most banks provide free walk in notary services for their depositors.

Our website ( www.FDPcapital.com ) clearly states that both Thomas and I are Managing Partners of FDP Capital, LLC, and even though I often don't deal directly with fund seeking clients, I have always reserved the right to so when I feel that it is important and I reserve the right to veto any project that is brought to us for funding.

We also don't take harassment, threats, intimidation, defamation, civil rights violations and/or verbal abuse directed against our staff, employees, or associates lightly; our policy is to prosecute offenders to the fullest extent of the law. Therefore you are requested to, if possible, make every effort to restrain your business associates' actions.



Regards,

Sen Milroy
Managing Partner

FDP Capital, LLC
67 Wall Street, Suite 2211
New York, NY 10005

Tel. (212) 709-8228
Fax: 215.252.5404

www.FDPcapital.com
Respond to this report!
What's this?

#6 Author of original report

FDP Capital, Thomas J. Kent, Brad Robinson, Sean Milroy, Investment Banking Scam, Investment Fund Scam, $5,500 Fees Upfront for "Due Diligence" New York and Nationwide

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

FDP Capital and Thomas J. Kent claims to be an Investment Banking fund that manages $500 million to fund entrepreneurial ventures. They request you complete an application and if approved they will contact you. When they contact you they require that you wire $5,500 for travel and due diligence fees. Our company was seeking $5 million to launch and we were 'pre-approved for funding'.

We were introduced to FDP via a 'broker', Brad Robinson (from Minnesota) that claimed to have done many deals with Thomas J. Kent and FDP Capital. We wired the $5,500 because there was a refund clause if funding was not provided.

Thomas J. Kent traveled to our offices to conduct due diligence. We were immediately concerned because he didn't look like an individual who was worth or managed millions, and on top of that, he did not ask one probing question about our business. He did however say that he was impressed and that we would receive a letter of funding for the $5 million and escrow attorney information within a week, and funding within 30 days. We never received any escrow attorney information, or funding.

We were given excuse after excuse to why there were delays. After a month of this we demanded our refund and sent in their required notarized refund request. It has been several months later and we have received NO refund nor further communication.

FDP Capital operates out of an executive office suite (http://www.sri-ny.com/index.html) and has no real offices of their own. You can never get them on the phone by calling their offices. They work with desperate 'brokers'/introducers who are promised $500 for each $5,500 site visit fee.

Since being scammed by FDP Capital we have conducted considerable research and uncovered at least four other companies that were scammed in the same way by FDP. We were not able to uncover one company that had been funded by FDP.

Do not do business with FDP, they are in the business of fraud and collecting site visit fees, not investment funding.
Respond to this report!
What's this?

#7 UPDATE Employee

Regarding "Rd"

AUTHOR: Fdp Capital - (U.S.A.)

Re: "Rd Bellevue, Washington U.S.A."

FDP Capital, LLC is a Wall Street Investment Banking Firm. We represent qualified capital investors who wish to earn a competitive return on their investments but do so with as little risk as possible.

Each of our prospective business clients are asked to provide a detailed summary of their business model and answer a battery of questions before we will consider them as a candidate for our investors. Based upon the information provided by the prospective client, we make a determination of the viability of the prospective clients business model. If we consider the model to be viable we issue the prospective client a signed letter of interest and a site inspection agreement.

The client must agree to all of the provisions of the agreement which includes travel expenses, associated preparation time and appraisal costs, and may include an application fee depending on the type of funding request. Per the agreement the site visit fee is refundable less actual expenses incurred on the site visit and in preparation for the site visit PROVIDED that the client has been truthful in their answers and fully cooperative with the site inspector and provided full disclosure of any issues relating to the business that might effect the businesses ability to successfully repay the investor.

We are not aware of any individual with the initials RD whom we may have dealt with in Washington State, but based on the other information provided we are confident that the individual who submitted this complaint is a principal of a company called Real Deck. Upon inspection of this business we had further questions regarding the legality of its business model and after some research we discovered information about its Internet based Casino business model that would likely violate federal gaming laws and international banking laws. Because the principals failed to disclose this information and because of uncooperative behavior on the part of the principals thereafter they were in violation of the terms of the agreement they signed and as such forfeited any right to a monetary refund of the remainder of their site visit fee and terminated their agreement with us.

Obviously we reject this person's allegations and have referred the matter of this unsubstantiated public accusation to our attorneys for advisement. It would be helpful if the anonymous party who posted this complaint would come forward and identify him/herself so that we may have our attorneys discuss the matter with them.

Thank you for your attention.

D. Epstein
Managing Director
FDP Capital, LLC

DE/sm
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
X