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Report: #1129732

Complaint Review: Fernali Ferrice - Oakbrook Terrace Illinois

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  • Reported By: Fraud Reporter — Chicago Illinois
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  • Fernali Ferrice 17w240 22nd St Oakbrook Terrace, Illinois USA

Fernali Ferrice - Oakbrook Terrace Illinois | Notice: Ripoff Report VIP Arbitration Decision: A neutral and independent Arbitrator has determined that the following Report contained one or more false statements of facts. The false statements have been redacted as ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)). | ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)) He will defaud you!! Oakbrook Terrace Illinois

*Author of original report: This has not been resolved

*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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RIPOFF REPORT VIP ARBITRATION - SUMMARY OF ARBITRATOR’S DECISION

Master Capital Solutions

v.

Anonymous, Author of Report #: 1126637, 1126962 & 1129732

 

Master Capital Solutions (the “Complainant”) through Ripoff Report’s VIP Arbitration Program has challenged the truthfulness of certain specific statements (each, a “Statement”) posted by Anonymous (the “Author”) on the Ripoff Report website at www.ripoffreport.com at Ripoff Report #’s: 1126637, 1126962 & 1129732  (the “Report”).  The Complainant denies the allegations. Author did not provide a response to this matter upon invitation. Therefore, in accordance with the Ripoff Report VIP Arbitration Rules (the “Rules) the Author waived their right to participate in this Arbitration. By submitting a Report on the Ripoff Report websites, the Author agreed that a dispute over this matter may be submit by the Complainant to the Ripoff Report VIP Arbitration Program.

In accordance with the existing Rules at the time of this Arbitration, the Arbitrator was asked to decide whether the challenged Statements were an opinion or a fact. If, and only if, the Statement was determined to be a statement of fact, the Arbitrator was asked to further decide if, by a preponderance of the evidence, to determine if the Statement was true or false.  If the statement identified by the Complainant is determined to be an opinion, no determination will be made as to that particular Statement because an opinion cannot be determined to be true nor false.

In this case, because the Author did not appear and participate in the process, the Arbitrator had only the evidence submitted by the Complainant to consider. The evidence submitted included Ripoff Report #’s: 1126637, 1126962 & 1129732, Complainant’s Arbitration Statement, Complainant’s Witness Statement, and other supporting documentation (collectively, “Supporting Evidence”).

Each Statement appropriately challenged by the Complainant has been considered, together with the Supporting Evidence.  The Arbitrator determined that certain statements challenged in the Reports were false. Therefore, according to the VIP Arbitration Rules, those statements have been redacted.

Arbitrator rendered the ruling on March 22, 2019.

NOTE: A copy of the full Arbitrator’s Decision is available upon request. Please e-mail arbitration@ripoffreport.com with the name of the Complainant and Report number.

-------------------------------------------------

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)) offered by Universal Capital Solutions, a.k.a., Master Capital Solutions ("UCS-MCS"). 

When UCS-MCS accepted SGN into the program, SGN 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 $2,000,0000 business loan.

When UCS-MCS's efforts with an initial lender were unsuccessful, ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)). ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration))  UCS-MCS introduced another loan-broker who presented our project to lenders.

This broker was able to identify a lender willing to fund SGN's business loan subject to receiving validation that UCS-MCS has structure a qualified Collateral Instrument. However, ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)) to SGN.

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration))

We have also filed a complaint with the Better Business Bureau and Illinois Attorney General.  

This report was posted on Ripoff Report on 03/10/2014 07:06 PM and is a permanent record located here: https://www.ripoffreport.com/reports/fernali-ferrice/oakbrook-terrace-illinois-60181/fernali-ferrice-oakbrook-terrace-illinois-notice-ripoff-report-vip-arbitration-decisi-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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
1Author
1Consumer
2Employee/Owner

#4 Author of original report

This has not been resolved

AUTHOR: Bruce - (United States)

POSTED: Sunday, February 11, 2018

Fernali Ferrice never got the money for smartgrid.

Beware of Fernali Ferrice!

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#3 REBUTTAL Owner of company

Ceo Response

AUTHOR: Master Capital Solutions - ()

POSTED: Thursday, March 13, 2014

This is a response for this article from the CEO of MCS. The article is false on its content, and defamatory and done with malicious intent. Our original client Bruce Hamilton claims he did not put this article and has asked RipOff Report to remove this article. Bruce Hamilton has applied for a loan program with our company his loan has been taken and all contracts have been done and revised by attorneys. Bruce Hamilton applied for a loan not for treasuries.

The services that were committed through contracts where to process, underwrite, compile a Loan Presentation Package to, represent and negotiate and procure a loan.His partner and my friend Ray introduced Bruce Hamilton to me, at our company we have an open policy to serve our clients and we are always available for them.  Bruce Hamilton was engaged with a placement and syndication company to close his loan with a funding source. One week ago the syndication principle and myself and Bruce Hamilton had a conference to discus his funding.

In the conference the syndication principle indicated to Bruce Hamilton to change the use of funds from allocation to all employees and to diversify the funds to the overall business concept. The syndication principal indicated in the conference call that the funding source was concerned about the excessive uses of funds in payroll. The principals also indicated that at this point the collateral was not going to come into place but after the funding source gave us green light for the loan.

Bruce Hamilton has always cooperated with his conditions although his partner Ray had mentioned that the contracts that Bruce Hamilton had with Illinois where lost and that there was no purpose for the loan. After the discussions and the conference call between the principal of the syndication group and Bruce Hamilton and myself, Bruce indicated he was ready for the next step. Immediately after that we learned about the report in the RipOff Report, I immediately called Bruce and asked him what had happened. Bruce Hamilton said that he did not posted this report and he asked the RipOff Report company to take it off.

Apparently the RipOff Report company does not remove reports even if asked by the original author or if it was a mistake or if they are false or defamatory and requires legal action and to buy their services to deal with this unfortunate issue. MCS has the experience and departments to conduct the services for loan programs with anIntake Department, Processing Department And Compiles The Presentation and Submission Department. Loans do require conditions and information for funding sources we have a 5-step system to conduct our services in a very efficient way and we have a lot of help for the borrowers. MCS has modern loan programs to protect the lender in risk control.

We are going to work with the legal system to clear this report with the RipOff Report Company that was put with false, slanderous and malicious information and intent.

Please contact us at for any additional information:

Email: Info@mastercapitalinfo.com

Phone: (630) 279-5222

From: FernaliFerrice

MCS CEO

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#2 REBUTTAL Owner of company

My official rebuttal

AUTHOR: Master Capital Solutions - ()

POSTED: Wednesday, March 12, 2014

The complaint that was filed was filed by a cleint of ours who states that the complaint was misfiled and he would like to have it removed.

This is his official request for it to be removed which was sent to the RipOff website:

 

Request Removal of Inaccurate Complaint Report:  I have a RipoffReport.com account associated with my email address b.hamilton@comcast.net but notnot have any complaints associcated with this account.

Someone filed the following complaint RipoffReport.com about my company dealings with Universal Capital Solutions Corporation.

However, I do not know where other informatin in the ripoffreport complain comes from, question the accuracy of this information regarding my company's dealing with USC (e.g., complaint notes that "we contact Chicago FBI") , and would never make a personal complain about an individual (e.g., complain that "Fernando Rios Alias - Fernali Ferrice will keep giving you the run around and will not refund your money.  Stay away from him, he will steral your money! with his photo)

For the above reasons, I respectfully request that you remove this complaint.

Should you require additional input regarding this matter, please contact me directly by email.

 

Thank You,

Bruce

 

 

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#1 UPDATE Employee ..inside information

This issue is resolved

AUTHOR: Anonymous - ()

POSTED: Tuesday, March 11, 2014

MCS/UCS has resolved this issue, in addition the person filing the complaint had been approved and is awaiting the closing of their deal. The individual filing this report has also contacted ripoff report to remove this report immediately.

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