- Report: #1129732
Report - Rebuttal - Arbitrate
Complaint Review: Fernali Ferrice
Fernali Ferrice17w240 22nd St Oakbrook Terrace, Illinois USA
Fernali Ferrice Master Capital Solutions Fernando Rios Universal Capital Solutions Corporation Fernali Ferrice is a Fraud taking money for treasury certificates that dont exist. He will defaud you!! Oakbrook Terrace Illinois
*REBUTTAL Owner of company: Ceo Response
*REBUTTAL Owner of company: My official rebuttal
*UPDATE Employee ..inside information: This issue is resolved
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Our company paid an initial application fee of $1,250 for a structured collateral loan program offered by Universal Capital Solutions, a.k.a., Master Capital Solutions ("UCS-MCS") - Fernando Rios Alias - Fernali Ferrice
When UCS-MCS accepted us into the program, we signed a Term Sheet on May 17, 2013 and paid an additional $2,500 for underwriting & processing and a $12,500 commitment fee for UCS-MCS to structure a qualified Collateral Instrument to complement our project (i.e., business applying for loan) and coordinate both of these elements with a lender to receive a commitment for a $2,000,000 business loan.
When UCS-MCS's efforts with an initial lender were unsuccessful, they introduced a second lender and requested an additional $7,000. When this lender closed operations for a 2-month holiday break, UCS-MCS introduced another loan-broker who presented our project to lenders. [continued below]....
This broker was able to identify a lender willing to fund our business loan subject to receiving validation that UCS-MCS has structure a qualified Collateral Instrument. However, when UCS-MCS failed to receive lender approval for the collateral instrument, the lender decided not to extend us a loan.
We have since sent a notice of Breach of Contract to Master Capital Solutions/Universal Capital Solutions requesting a full refund.
We have also filed a complaint with the Better Business Bureau and Illinois Attorney General. In addition, we have contacted the local chicago FBI office of Chicago to investigate the practice of this company and individual.
Overall - Universal Capital Solutions, a.k.a., Master Capital Solutions ("UCS-MCS") - Fernando Rios Alias - Fernali Ferrice will keep giving you the run around and will not refund your money. Stay away from him, he will steal your money!
This report was posted on Ripoff Report on 03/10/2014 07:06 PM and is a permanent record located here: http://www.ripoffreport.com/r/Fernali-Ferrice/Oakbrook-Terrace-Illinois-60181/Fernali-Ferrice-Master-Capital-Solutions-Fernando-Rios-Universal-Capital-Solutions-Corpor-1129732. 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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