• Report: #687228

Complaint Review: Frank Geivelis

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  • Submitted: Wed, January 26, 2011
  • Updated: Tue, March 01, 2011

  • Reported By: PPRS — Estero Florida United States of America
Frank Geivelis
15979 Cutters Court Fort Myers / Toronto, Select State/Province United States of America

Frank Geivelis Fotios Geivelis, Worldwide Funding and Ventures LLC, Zoomers, Inc., Milan Group, Arnold Milan, Forbes Hutton Financial Corp., 2PNR Construcoes LDA, worthless checks, fraudulent papers, false promissary notes, fraudulent payorders, larceny and theft Fort Myers / Toronto Canada

*REBUTTAL Owner of company: Mr. Hetick

*General Comment: Please respond - Done

*REBUTTAL Owner of company: UPDATE

*Author of original report: more lies... no way out for Frank Geivelis

*REBUTTAL Individual responds: Please Respond

*REBUTTAL Owner of company: Situation Progressed

*Consumer Comment: Frank Geivelis/Milan Group/ForbesHutton

*Consumer Comment: Frank Geivelis/Milan Group/ForbesHutton

*Author of original report: update and info

*Consumer Comment: Reference

*Consumer Comment: Business Dealings with Frank Geivelis

*REBUTTAL Owner of company: Mr. Prechels Statements Are All Not Credible Or True

*Author of original report: nothing has been resolved, more lies, more victims, bigger scam than expected

*REBUTTAL Owner of company: Situation Has Been Rectified

*REBUTTAL Individual responds: Dissapointed Individual.

*Author of original report: will work with authorities

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I met Frank Geivelis in 2009 (real name: Fotios Geivelis) when he signed a lease contract as my tenant. Shortly after moving into my house he offered me to invest in some of my business ventures and property portfolio. We agreed to investments of a several Mill. U$ amount, he prepared the paperwork laying out the details. Shortly thereafter he stopped paying his rent and ask me for some money support since the closing of his deals supposed to be very shortly. He also requested from me to prepare 2 Real estate purchase contracts for 2 of my homes, his friend would buy and finance them for him.

I later contacted that person and found out they never had an intend to do so. After 3 months past due in rent payments i ask him to vacate which he did. He gave me several checks as compensation for the outstanding rent. All of them were worthless and bounced because of NSF. He continuously offered me to invest if i would help him, so i wired him a couple thousand $ to help him out in expectation of the multi million $ funding he agreed too. [continued below]....
..... Every week a new story, delays, missing signatures, compliance issues. He flew to Toronto Canada where he act as the Vice President of the Milan Group and he told me together with his partner Arnold Milan he would finalize the deals. Shortly thereafter he called me for help and money again so i send him several times another $ 1.500 and 1.000 etc.


Every week another excuse and delay. In the meantime i found out that he has an open warrant (public information available at Lee Clerk of Courts and Lee Sheriffs online) for worthless checks and Grand larceny and other things, therefore he is not able to enter the US again. I also got contacted by several authorities searching for him. In 2010 i have received 3 different Payorders from World Wide Funding each for 2 digit Mill.$ amounts with 3 different amended payout dates , needless to say i never have received the funds. His stories are about trading, commissions of Millions paid to him. I found out that he took from many other people money is still taking money from other people, all with the same promises to be paid any day and always with the same false promises to get funded Millions of Dollars but he need to borrow a couple thousand here and there to keep his network up.

In reality he is financing his lavish livestyle, drives a Maybach and a Ferrari., lately a Mercedes CLS 550, he is also well known in Casinos and joins some player clubs. He acts as Vice President of the Milan Group (Toronto), Vice President of Forbes Hutton Financial Corp (Toronto), Managing Member of World Wide Funding Ventures, President of Zoomers Inc. He is involved in dealings in the business of the common questionable "Trading" with SBLC's, Proof of Funds, MT 700 / MT 760, with Trading platforms in London, Dubai, Spain, Portugal which never occur succesfully. His latest deal was an offer to finance one of my projects with a letter of credit of about 500 Mill. Euro. I have received a Bank Statement from him with a balance of 2 Bill. Euro and a Joint Venture agreement to be sigend by me, him and the owner of this money which is a Corporation in Portugal and which Frank Geivelis claims to be the financial director of.

After me signing the paperwork i have not gotten the signed paperwork back with different excuses, finally last week i have been informed by Frank Geivelis that this corporation has been blacklisted because of fraudulent letters of credit that have been issued to be cashed exceeding the account balance by several hundred millions. I consider all these dealings as highly fraudulent and illegal, the real purpose is to get money from customers expecting funding thru Frank Geivelis. I have been promised every week to get my money back he owes me, never happened, i have used all of my funds to keep my projects alive to make downpayments and additional principal payments with guaranteed and unconditional payorders from Frank Geivelis corporations in hand.

This report was posted on Ripoff Report on 01/26/2011 05:15 PM and is a permanent record located here: http://www.ripoffreport.com/r/Frank-Geivelis/Fort-Myers-Toronto-Select-StateProvince-/Frank-Geivelis-Fotios-Geivelis-Worldwide-Funding-and-Ventures-LLC-Zoomers-Inc-Milan-G-687228. 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:
4Author 5Consumer 7Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

Mr. Hetick

AUTHOR: Frank - (USA)

Mr. Hetick, as I have mentioned numerous times though email and these posts, neither me personally nor my companies have any idea who you are, what company you represent, or what group you are referring to in your posting. I personally have had nothing to do with you or your company.  Additionally, I have spoken to Mr. Milan and he is also unaware of who you are or who you represent.  Mr. Milan has made it very clear that he has not done any business with anyone named T. Hetick either personally or through his companies.  You claim that Mr. Milan has any financial obligation to you is inaccurate, false and defamatory.

You have indicated that I am responsible for millions of dollars owed to you and base this assertion on pay orders you claim were issued by one of my companies, which I, as the owner, executed.  On top of the fact that I do not believe I have had any business dealings with you, the pay orders which my companies issue are contingent upon the closing of a transaction.  Accordingly they do not carry any value unless a specific transaction is closed and funded.  Therefore, I can say with certainty that neither myself nor my companies would have any outstanding financial obligation to you. If, however, you were to provide me with the pay orders and if the transaction code listed is an active transaction, then I will honour the commitments, which I have made in accordance with the pay orders.  Nevertheless, you have indicated that the pay orders which you refer to have expired. 

You also claim that I have entered Canada illegally.  This claim is absolutely false.  You are very uninformed about the situation and are making assertions, which are totally without merit.  Although I am not prepared to get into the specifics of the situation in this forum, logically your claim cannot be true.  Customs specifically checks warrants before anyone enters the country.
Your statement that myself and Mr. Milan are on the run is completely false.  We are waiting for you to reveal who you are and are prepared to meet with you and your attorneys to resolve this situation.
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#2 General Comment

Please respond - Done

AUTHOR: Tom H. - (Canada)

 In the number of emails that were exchanged between us, my name has always been visible.
 The first email to you introduced me as someone who “ speaks and acts for a group that, intentionally or not, has outstanding business,legal and financial issues with you, either directly or through your associate Arnold Milan”. 
You were also advised that we would communicate only by email until we thought it was beneficial for us to do otherwise ("We will contact you if we feel it's beneficial to do so. If all you can do is to offer more empty promises, no thank you.") We are more than happy to post our email exchanges, so there is no confusion.

Perhaps we should have clarified:  we are owed millions of dollars by the Milan Group of Companies, for which Mr. Geivelis has provided signed (by himself) payorders to pay/cover the funds on behalf of Arnold Milan. Hope this provides better clarity.

As well, here is a potential tip to an iceberg:  http://www.corporationwiki.com/Florida/Naples/arnold-milan/36123133.aspx

We know that when you entered Canada, it was illegally as someone with an outstanding warrant for passing bad checks.
We know that the picture  appearing in this thread is from a club in Toronto called SixtyNine Bathurst, a club located in the same building as Arnold Milan’s old nightclub; perhaps he also has part ownership of it.

A last question: if we were to provide you with the payorders that you have signed, and taken responsibility to honor, on behalf of arnold milan and his companies, will you pay them out in short order?

We have also, over the course of the past few days, received reports that both Frank Geivelis and Arnold Milan are possibly on the run. We all truly hope this is not the case.
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#3 REBUTTAL Owner of company

UPDATE

AUTHOR: Frank - (USA)

Mr. Prechel’s accusation that I and my companies owe a substantial amount of money is not true.   While my company has lost clients because of Mr. Prechel’s accusations and defamatory statements, I am continuing to move forward on a number of transactions.  My goal is to leverage assets and complete project funding around the world.  Projects which I work on are funded off profits generated from leveraged programs overseas and no upfront fees are ever charged for project funding. Mr. Prechel claims that he has a contract that indicates Worldwide Funding And Investments LLC,charges an upfront fee for project funding.  This is not accurate.  Certain deals I work on have associated costs. The necessary costs, procedures and guidelines are specifically described and explained in the contract.

I do not deny that I issued an unconditional pay order to Mr. Prechel.  My intention has always been to pay Mr. Prechel what he is owed. Mr. Prechel’s referral to a fraudulent pay order is inaccurate. A pay order is simply a guarantee of payment upon successful closing.  While my intention has always been pay Mr. Prechel what he is owed and to move forward with his business ventures subject to being able to raise the necessary funds.

With respect to Mr. Prechel’s denial that he has threatened me, I have evidence to the contrary. He has continued to threaten me every day that if he did not receive money, he would post more negative statements in forums such as ripoff report.

I am an officer of Forbes Hutton Financial Corp., but my role as an officer and my duties and obligations within this role are very specific.  My capacity as an officer at Forbes Hutton Financial Corp. is strictly limited to the transactions, which are currently being worked on at this time. I am not an officer or employee of the Milan Group and have not held myself out as acting on behalf of either Forbes Hutton or the Milan Group in any deals with Mr. Prechel. While I have made representations to Mr. Prechel that Arnold Milan is a partner for certain transactions, my dealings with Mr. Prechel are not associated in any way with my partnership with Arnold Milan or his companies.  Mr. Milan does not know Mr. Prechel and Forbes Hutton Financial Corp. has not made any commitments to him for any project funding.

Mr. Prechel continues to speak about my outstanding case and make statements, which are not credible or accurate. He does not have all the facts and is unaware that I am in contact with the necessary authorities regarding this case and that agreements have been made by my attorney and the prosecutor. 

It is unfortunate that my dealings with Mr. Prechel have come down to this.  I understand that he is struggling financially and personally owes significant amounts of money to private investors in South West Florida. There are also a number of cases, which I have listed below, which expose some of Mr. Prechel’s current financial distress.

I will not be making any additional rebuttals, as this matter is now going to be handled by my attorneys.
 
 
 
 
Name Case Type Filed Date Disposition Date Disposition
Prechel, Oliver  DF 01-SP-000046 GULF STAR COMMUNICATIONS INC Plaintiff vs PRECHEL OLIVER Defendant SC Damages CV 1/3/2001 2/7/2001 Order
Prechel, Oliver  DF 07-CA-012470 Deeken, Guenter etal Plaintiff vs Prechel, Oliver etal Defendant CA Breach of Contract 10/11/2007  
Prechel, Oliver  DF 09-CA-000394 Paul & Partners Holdings Inc Plaintiff vs Prechel, Oliver etal Defendant CA Damages Monetary 1/30/2009  
Prechel, Oliver  DF 09-CA-003832 Suntrust Bank Plaintiff vs Prechel, Oliver etal Defendant CA Breach of Contract 8/25/2009  
Prechel, Oliver  DF 09-CA-065608 Wachovia Mortgage FSB, fka World Savings Bank Plaintiff vs Prechel, Oliver etal Defendant CA 3 Mtg Foreclosure Over $250K 9/9/2009  
Prechel, Oliver  DF 09-CA-067926 Orion Bank Plaintiff vs Tro LLC etal Defendant CA 3 Mtg Foreclosure Over $250K 10/26/2009 8/9/2010 Final Judgment
Prechel, Oliver  DF 09-CC-008108 American Express Centurion Bank Plaintiff vs Prechel, Oliver Defendant CC Damages 11/3/2009 11/3/2010 Default Final Judgment
Prechel, Oliver  DF 10-CA-051313 HSBC Bank USA National Association, atf Luminent Mortgage Trust 2006 2 Trust Fund Plaintiff vs Prechel, Oliver etal Defendant CA Homestead Residential Foreclosure 3: $250,000 or more 1/29/2010  
Prechel, Oliver  DF 10-CA-059935 Iberiabank, siit Century Bank FSB Plaintiff vs Prechel, Oliver et al Defendant CA Non-Homestead Residential Foreclosure 3: $250,000 or more 11/15/2010   
 
 
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#4 Author of original report

more lies... no way out for Frank Geivelis

AUTHOR: PPRS - (USA)

Frank Geivelis has no way out owing so much money to everyone and he is out of stories now. The entire ponzi scheme is falling apart. He offered me 4 weeks ago to honor his pay orders and to repay the monies he owed me. Since than I hear every week a new story why the payments got delayed. As of two weeks ago he was asking me not to repost anything or to rebuttal and to update that everything was paid, since my post were detrimental to him, his attorney would call deals off and "investors" would not work with him any further. In reality the potential victims found out about it and saved last minute their "investment" and his big projects were anything only phantasy stories to keep everybody's hope up. Frank Geivelis on his own provided me with two pay orders signed by himself, one in entirely unconditional and has no contingencies, which is a partial payment and one is for 10 Million Dollar subject to his credit line based on a Nova Scotia Bank deal for 250 Mill. $, which he provided me a copy off. I will place these documents all online within this week with public access. Interested parties will be able to evaluate them. Its is incorrect that i have called or threatened Mr. Geivelis. It is incorrect that Frank Geivelis is not related to Forbes Hutton and the Milan Group. I will post the documents showing Frank Geivelis signing as Chief Financial Officer and / or Vice president of Forbes Hutton Financial Corp. I will provide a copy of a contract prepared by Worldwide Funding with outrageous upfront fees for a project Funding, like my cases, and these (of course) nonrefundable fees supposed to be paid to a Arnold Milan account, clearly advised in the agreement. I have received this contract as proof that he can at least make a partial payment as soon as this "money comes in". In regards to his warrants and other issues, i want to refer to my prior post, there is the contact info for Daniel Hochuli who is the investigator in his case. Because the proposed settlement from Mr. Geivelis has not been honored i need to file my fraudulent and worthless checks now with the authorities along with the fraudulent pay orders.
I
n regards to Arnold Milan or the Milan Group. I have never met Mr. Milan and he never has promised anything to me personally. However, Frank Geivelis represented himself as Partner of Arnold Milan, the Milan Group and Forbes Hutton Financial and he stated that all of my agreed funds were approved and knowingly committed thru Arnold Milan. Frank Geivelis also represented himself in writing, that he is the Vice President and Chief Financial Officer. Frank Geivelis promised me several times, as well as others, that he would honor his payment obligations out of a Multi Million Dollar Settlement payment Arnold Milan has to receive from Mexico. Frank Geivelis stated his Partner Arnold would give him a loan to pay his obligations. Maybe some of the other victims who are reading this rebuttal have heard that same story too.
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#5 REBUTTAL Individual responds

Please Respond

AUTHOR: Frank - (USA)

In response to the post by Mr. Hetick, I have asked Mr. Hetick  several times to identify himself  and or his company by email and still as of today he has not provided any information.  Instead, he has posted that he is owed several million dollars by my company Worldwide Funding And Investments LLC, which is indeed a untrue statement. My company does not know who this person is.  His refusal to identify himself to me or my attorney is concerning.  

For the record Mr. Arnold Milan has never been a officer, or member of Worldwide Funding And Investments LLC, and this information can be verified with the secretary of state and division of corporations in the state of Florida. All statements made by Mr. Hetick are untrue.  I hope that Mr. Hetick will identify himself so that I am able to deal with his accusations appropriately.  In reference to the statement of my personal name and outstanding warrant, read above on my prior post. If you should have any questions please call 239-220-1062
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#6 REBUTTAL Owner of company

Situation Progressed

AUTHOR: Frank - (USA)

The situation with Mr. Prechel has progressed since his last post.  He has continued to message and threaten me.  Due to Mr. Prechel’s persistence, I was forced to block his number from my phone.  Mr. Prechel has continued to post inaccurate statements on this website.  In response, I have spoken with a number of business associates, including attorney’s, bankers and very reputable organizations who will be posting claims which will dispute Mr. Prechel’s. The individuals that have posted on my behalf will more than willingly make themselves available to anyone to answer any and all questions in reference to our business relationships.  I believe Mr. Prechel’s postings are out of anger, frustration and disappointment and that he is trying to pass the blame to me for his personal and professional failures. 

Mr. Prechel indicates that I am wanted for serious matters in the USA.  This statement is untrue and can be verified with Lee County Clerk Of Courts.  I have been advised by my attorney David Goldberg, that my case in Florida has already been negotiated with the prosecutor and a tentative deal will be made. The accuracy and truth of Mr. Prechel’s claims will be verified in a proper forum. 

Mr. Prechel’s claims that I owe money to a number of people is not accurate.  In reference to the pay orders that Mr. Prechel is referring to, Mr. Prechel requested these pay orders in order to buy more time in dealing with his own issues, and I agreed, although reluctantly to issue these.  Nevertheless, these payorders were subject to a transaction closing, which unfortunately, never closed.   While I hoped to be able to pursue certain deals with Mr. Prechel It has become apparent that we will never do business together now or in the future. 
 
Mr. Prechel’s claims that Mr. Milan or any of his companies are involved is also inaccurate.   My dealings with Mr. Prechel were separate from my dealings and associations with Mr. Milan and not on behalf of any of his companies.
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#7 Consumer Comment

Frank Geivelis/Milan Group/ForbesHutton

AUTHOR: Tom H. - (Canada)

We ( a collective of people and org's that are also owed large sums of money) have also had dealings with Frank Geivelis through his association with the Milan Group of Companies (ForbesHutton Financial, ForbesHutton Leasing,etc.)
Members of our group received pay-orders signed by Frank Geivelis in his capacity as a owner/director of Worldwide Funding, a position he apparently shares with Arnold Milan. We contacted his attorney via email about 2 weeks ago, and he replied " Please send me the pay orders as I'm working with the FBI and I need pay orders". He advised in a subsequent email that we should send the payorders to him, along with all our contact info. We advised that we would, but only after he provided proof of his assistance with the FBI; almost 2 weeks and we're still waiting. These pay-orders have long since expired in 2010 and all we have received are delays since then in receiving our money; collectively we are owed in the area of $5-7M.

We are in the process of compiling our collective documents and information in order to post in a more orderly, concise fashion; this will be done in the coming days.

How did we come to know that Frank Geivelis was of questionable character? Amazing what you can find on the internet.

If you Google ' Fotis Geivelis ' (his real name), the first result is this:

G - Active Lee County Warrants   Geivelis, Fotios White Male, 09/11/1979,
MISD SUMMONS WORTHLESS CHECKS
( www.sheriffleefl.org/activity/warrants.aspx?a=g )

Frank Geiveilis is wanted in the USA on a warrant, and is in Canada illegally.
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#8 Consumer Comment

Frank Geivelis/Milan Group/ForbesHutton

AUTHOR: Tom H. - (Canada)

We ( a collective of people and org's that are also owed large sums of money) have also had dealings with Frank Geivelis through his association with the Milan Group of Companies (ForbesHutton Financial, ForbesHutton Leasing,etc.)
Members of our group received pay-orders signed by Frank Geivelis in his capacity as a owner/director of Worldwide Funding, a position he apparently shares with Arnold Milan. This pay-order was supported by a letter from his attorney. We contacted his attorney via email, and he informed us he is working with the FBI, and that we should send the payorders to him, along with all our contact info. We advised that we would, but only after he provided proof of his assistance with the FBI; almost 2 weeks and we're still waiting. These pay-orders have long since expired in 2010 and all we have received are delays since then in receiving our money; collectively we are owed in the area of $5-7M.

We are in the process of compiling our collective documents and information in order to post in a more orderly, concise fashion; this will be done in the coming days.

How did we come to know that Frank Geivelis was of questionable character? Amazing what you can find on the internet.

If you Google ' Fotis Geivelis ' (his real name), the first result is this:

G - Active Lee County Warrants   Geivelis, Fotios White Male, 09/11/1979,
MISD SUMMONS WORTHLESS CHECKS
( www.sheriffleefl.org/activity/warrants.aspx?a=g )

Frank Geiveilis is wanted in the USA on a warrant, and is in Canada illegally.
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#9 Author of original report

update and info

AUTHOR: PPRS - (USA)

After my report from last night i have have received the following message from Frank Geivelis: " i have called all my people to post to discredit your bs and monday s**t really hit the fan for you". I could consider that a threat, but i see it as a helpless way to blame on others and get away with his actions and dealings. Well, one of these post's already appeared, saying what good of a businessman he is. Im not making any comment on that posting, as well as i won't approach others to either post or make false statements. It's just amazing that he is searched nationwide with 2 warrants for some serious matters (public information) while he claims he is a good business man, which are usually not searched for. I'm sure more victims will come forward if they find out about this scam. Frank Geivelis just lies and twists his stories. I was the bad losing liar first, just 2 days thereafter he posted that I'm a good businessman and he is funding my projects and paying my money back... and now after he was unable to get more money from others, im the bad guy again.

He sneaked in my house did not pay his rent, he screwed my out of money and too late i found out I'm not the only one, he got evicted before and there are other people he owes a lot of money also. I just want to point out, before someone even consider doing any kind of business with him or his affiliated Groups and companies, reserach this matter further. There is an investigator involved his contact infos are: Daniel Hochuli, Bureau of Investigative Services:1-800-342-5869 or (239) 533 7191 email: hochuld@doacs.state.fl.us. The evidence for my statements will be posted in a short timely manner on one of the special linked sites: www.geivelis.com, there will be many documents of all kind (Letter of credits, account statements, notes, contracts, payorders and more, i saved them for over 2 years). I will proof that Frank Geivelis is lying and dishonest. In his Statement he is giving false facts, i just got this week on 3/22/11 two new payorders from him and signed by him for 10 Mill USD to be paid on 3/15/11 or sooner, as well as a partial payment of 20.000 USD to be paid on 3/25/11 which of course has never occured.

In regards to the dirt he throws on me, Frank Geivelis is the one who got more than one car repossessed, one actually at my house while i was present, bank accounts closed because of his business dealings. He got evicted more than once and is facing it again in Canada where he is hiding from US prosecution. He is the one who being searched for owed taxes by the IRS according to him. Frank Geivelis is right with one statement: I truly have lost a lot and will now lose even more, because i relied on his fraudulent agreements, payorders and false promises and the unfortunate waiting for over 2 years to get the promised and guranteed money and my owed money back. My own fault, i should have researched him better and listen to others who did warn me. But still better as some of his victims who already lost their homes or had to file bankruptcy.
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#10 Consumer Comment

Reference

AUTHOR: D. Greenberg - (United States of America)

I came across this commentary and was suprised to see the negative inferences made against Mr. Geivelis. I have also dealt with him on numerous business transactions and he always performed as expected. Mr. Geivelis will continue to be a trusted associate.
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#11 Consumer Comment

Business Dealings with Frank Geivelis

AUTHOR: Tom - (United States of America)

I have been doing business with Frank Geivelis and World Wide Funding for about five years. During this time he was very Profesional and completed everything I needed him to do. I do not know anything about the negative articale listed, but my dealings with Frank were completely different. I will keep using Frank for all my business needs and I would Recomend him to anyone I know.











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#12 REBUTTAL Owner of company

Mr. Prechels Statements Are All Not Credible Or True

AUTHOR: Frank - (USA)

I met Oliver Prechel in April, 2009.  I rented a residential unit  from him for a period of six months commencing on April 1, 2009 at  15304 Briarcrest Circle Fort Myers Fl 33908. 
I am the sole member of Worldwide Funding Ventures, LLC, Worldwide Funding and Investments, LLC and Zoomer’s Entertainment Company, Inc.   Through these companies, I am in the business of commercial project funding and real estate development.   In May, 2009 Mr. Prechel approached me with several business and investment opportunities, which I was interested in.  I advised Mr. Prechel that conditional upon a specific transaction involving between Zoomer’s Entertainment Company, Inc., and a third party closing , I would be interested in entering into a joint venture with him through Zoomer’s Entertainment Company, Inc, and financing certain of the business opportunities he proposed.  I expected the Transaction, which involved source funding, to close by July 15, 2009.   Mr. Prechel verbally agreed to this arrangement, and specifically acknowledged that I would fund certain business opportunities that he had presented subject to the Transaction closing. 

On June 13, 2009, I received a call from the lender for the Transaction advising me that there had been a delay.  I immediately informed Mr. Prechel and explained to him the reason for the delay.  At the time I also owed Mr. Prechel US $7500.00 for unpaid rent for the residential property.  Mr. Prechel allowed me an extension of time within which to pay my rent because of our pending joint venture.

Ultimately, the Transaction did not close.  I became aware that the Transaction was not going to close on June 24, 2009.  I explained to Mr. Prechel that the Transaction was not moving forward because the lender was not able to secure a line of credit.  Nevertheless, Mr. Prechel and I continued to maintain contact and work together in anticipation of closing another transaction that could potentially fund our joint venture.  I was hopeful that this would be possible.
In November, 2009, while I was still in contact with Mr. Prechel, I flew to Canada on a business trip on behalf of Worldwide Funding and Investments, LLC.  This trip was separate from my dealings with Mr. Prechel, and funds generated from these deals would not have anything to do with the business opportunities with Mr. Prechel.  However if there was a successful close on any transaction, then of course, at that time I would consider funding Mr. Prechel projects.
While in Canada, and between November, 2010 and January, 2011, Mr. Prechel continued to call me to inquire about our potential joint venture and the monies I owed him personally for unpaid rent.  In addition, he requested pay orders, which would be used to keep his original business opportunities alive.  In accordance with his request, I issued pay orders from  Worldwide Funding and Investments, LLC that were subject to another transaction closing, specifically, a leveraged program which Worldwide Funding And Investments, LLC was facilitating  on a commission basis (the “Leveraged Transaction”).   The pay orders were only valid upon the successful closing of a transaction, and the amounts of the pay orders were issued in accordance with verbal agreements between Worldwide Funding and Investments, LLC and Mr. Prechel.  During this time I transferred a total of US $1,700.00 to Mr. Prechel for the unpaid money, and continued to work on several transactions through Zoomer’s Entertainment Company, Inc., and Worldwide Funding and Investments, LLC that could potentially fund the business opportunities that Mr. Prechel had initially proposed.  Unfortunately, I was unable to close any transactions to fund any of Mr. Prechel’s projects.  I verbally explained to Mr. Prechel that the transactions I was working on, including the Leveraged Transaction, would not move forward for a variety of reasons, including:  compliance issues, credit line availability, and non-performance from the principals involved in transactions.
In January, 2011, Mr. Prechel had also approached me with an art transaction (the “Art Transaction”) for which he required a stand-by Letter of Credit (“SBLC).  Mr. Prechel wanted to acquire several art pieces from overseas that were being sold at a discounted price and then place it in a public auction to make a profit.  I advised Mr. Prechel that I had a client, 2PNR Construcoes LDA, who was potentially interested in doing this deal.  2PNR Construcoes LDA, would have placed a standby letter of credit instrument in order to secure The line of credit in order for funds to be generated for the buy and sell of art pieces.  I submitted documentation to Mr. Prechel which evidenced the ability of my client to close the Art Transaction.  However, Mr. Prechel alleged that the documents were fraudulent.  This is not true.  The documents which I submitted to Mr. Prechel included:  (1) a joint venture agreement between  2PNR Construcoes LDA and Mr. Prechel outlining the profit structure and terms of joint venture agreement, (2) an online account statement which can be verified on a bank to bank basis, and (3) a copy of the signatories passport.  This Art Transaction did not close.

Despite the fact that the transactions I was working on to fund Mr. Prechel’s business opportunities did not close, Mr. Prechel continued to call me to inquire about project funding, which he alleges I have legal contractual obligations to fund.  While, I do owe Mr. Prechel USD $11,050.00, which includes interest, for unpaid rent, I do not believe I have any other legal obligations to him.
On January 26, 2011 Mr. Prechel posted a number of reports on several websites making false accusations and presenting inaccurate facts about our business relationship.  In addition, Mr. Prechel makes reference to certain individuals and corporations that were not involved with or associated with my business relationship with Mr. Prechel.  In my dealing with Mr. Prechel, I was acting personally or through Worldwide Funding Investments, LLC or Zoomer’s Entertainment Company, Inc.   I believe that Mr. Prechel was frustrated because I could not fund his projects and decided to post the reports.  Often in business, and especially in the current market, deals do not close.  While it is unfortunate, I made it clear verbally and in writing to Mr. Prechel, that I would only be able to fund his projects subject to transactions closing.  I contacted Mr. Prechel on January 29, 2011 to advise him that his postings were damaging, inaccurate and defamatory, specifically to an individual and certain corporations that have had no dealings with him whatsoever.  On  January, 29th 2011 Mr. Prechel deleted posts from two of the three websites that he had posted on.  He advised me that if he did not receive certain funds by February 4, 2011 that he would repost on more websites.  Mr. Prechel has been persistent with his demands due to his current financial position.  A number of his properties are in foreclosure, his vehicles are being repossessed and he is having a difficult time keeping up with personal financial obligations.    He is desperate for money and threatening me on a daily basis that he is going to post information, which I believe to be inaccurate and defamatory, on several websites. 

The legal disclaimer on the website for Ripoff Report specifically provides that the information is “non-substantiated source of information.  The information provided in the Ripoff Report is the sole creation of consumers from the general public.”  I believe that because Mr. Prechel cannot substantiate his accusations, he is using any means or forum available, including posting information which is neither credible or true, to elicit funds from me which I don’t believe I have a legal obligation to provide.  Mr. Prechel does not have evidence to support his accusations against me and the reports which he posts online are not credible.  I believe the more appropriate venue and forum to determine the validity of Mr Prechel’s accusations is in a court of law.
Please feel free to contact me if you have any questions.  I can be reached at:  (239) 220-1062.
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#13 Author of original report

nothing has been resolved, more lies, more victims, bigger scam than expected

AUTHOR: PPRS - (USA)

After my posting on 1/28 i have been contacted thru Frank Geivelis, asking me to remove the posts at ripoff and two other websites in exchange for payment of owed money and honouring the promissory notes in a total amount of 10 Mill. USD. The first payments supposed to be made on Tuesday February 1st. 2011 and thereafter, all within the next days. Came Tuesday, nothing has been paid, new excuses, another delay, but soon within that week payment supposed be made to me. No payments, now all of Frank Geivelis million dollar deals felt apart last minute because of my posting here. Finally i should be paid by last week, last minute another deal got delayed. Finally i have been promised a partial payment on 2/22 and a significant payment no later than 2/25/11. All day today i hear waiting for money coming in. Of course nothing came in today, and nothing will come in today, i live with that game for 2.5 years. In the meantime i have been contacted by Arnold Milans attorney to remove the post and that he has nothing to do with this. She also claims that Frank Geivelis has nothing to do with Forbes Hutton Financial or the Milan Group. This is not true since i have received paperwork from Frank Geivelis where he represents himself as Vice President and Chief Financial Officer of one or the other Milan corporation. He also resides in the Milan Offices and is available thru the Milan Office phone numbers. So i refused to rebuttal or correct this.

I have been contacted by several other "clients" of the Milan / Geivelis Group claiming they have the same experience and problems like i have and deal with loss of money between $500.000 and several Million USD and deal with useless payorders like i have. I assume these people will add to my posting very soon. I have created a link where i will provide all the papers i have received to proof the validity of my post. That will be 37 documents at this point, including contracts created by World Wide Funding with upfront charges to be paid to Arnold Milans account, so his involvement is obvious. The link will allow potential victims to add there paperwork or documents to it, so this can and will be a database for victims and possible investigators or authorities. I alread have been informed that the FBI is involved. I also will post the name and contact info of the Florida investigator on Frank Geivelis, so US victims will be able to contact him. I will post all info and documents under: www.frankgeivelis.com,www.fotiosgeivelis.com, www.geivelis.com, www.geivelis.info. www.geivelisforbeshuttonmilan.com,
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#14 REBUTTAL Owner of company

Situation Has Been Rectified

AUTHOR: Frank - (USA)

I would Like To State For The Record That Worldwide Funding And Oliver Prechel Have Resolved There Differences. The Report Filed Was Out Of Anger And I Hereby State That Oliver Prechel Is A Good Business Person And I Will Continue To Work With Him In Bringing His Projects To A Close.

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#15 REBUTTAL Individual responds

Dissapointed Individual.

AUTHOR: Frank - (United States of America)

My Name Is Frank Geivelis I Am The Owner Of WorldwideFunding Ventures, And I Am An Officer Of Forbes Hutton Financial Corp. The Person Complaining His Name Is Oliver Prechel He Lives in Fort Myers, All Accusations And Statements That Have Been Made On This Forum Are Completely False.I Met Oliver Prechel In Fort Myers, Where He Owned A Real Estate Business And A Mobile Teeth Spa Business, Mr. Oliver Prechel Had Projects That He Wanted Funded That Had To do with Real Estate Back In 2009. I Approched Him And Sat With Him And Discussed several Options, To Assist Him In Financing. At The Time I Had A Very Large Commercial Transaction That Was Coming Up To Close, And I Offered To Help Him Fund A Flea Market, As Well As Expand His Mobile Teeth Spa Business Along With Assisting Him In Developing Some Real Estate Property If The Transaction Closed Successfully, Long Story Short The Transaction Did Not Close, I Never Took Any Upfront Money From Mr Prechel, To Obtain This Financing. To Make A Long Story Short. Mr Prechel. Continued To Call And Call And Told Me He Needed His Projects Funded Up Until 2 Days Ago And Was Claiming That If He Did Not Receive any Money They Were Going to Reposess His Car And Sell His House At The End Of February In Foreclosure, Along With All His Other Properties That Are In Foreclosure At This Time Which Is Avalaible On Lee County Public Records. Mr. Prechel Has Failed In All His Businesses And Is Now Trying To Take His Failures Out On Other Individuals Like Myself. For The Record. Mr Arnold Milan From Forbes Hutton Financial, Does Not Know Mr. Prechel Nor Has Done Any Business with Him, The Only Reason He Is Mentioned In This Post Is For The Reason That He Calls Our Office And The Company Name Is Milan Group. Additionally Mr. Prechel Came Forward To Me For A Project Where He Needed A Letter Of Credit For Some Art Deal That He Was Putting Together, And I Structured Thru One Of Our Alliances To Have This Instrument Cut And Monetized In Order To Fund His Project, So When He References A Stateement He Is Reffering To That Transaction. Mr. Prechel Is In Many Many Major Lawsuits For Not Paying Anyone In Lee County And That Can Be Verified On Lee Clerk.Org. To Conclude This Post, I Have Forwarded The Post Messages To My Attorneys For A Slander Of Character Against Mr. Prechel. If Anyone Should Want To Contact Me Regarding These Accusations Feel Free Too.

 

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#16 Author of original report

will work with authorities

AUTHOR: PPRS - (USA)

I met Frank Geivelis in 2009 (real name: Fotios Geivelis) when he signed a lease contract as my tenant. Shortly after moving into my house he offered me to invest in some of my business ventures and property portfolio. We agreed to investments of a several Mill. U$ amount, he prepared the paperwork laying out the details. Shortly thereafter he stopped paying his rent and ask me for some money support since the closing of his deals supposed to be very shortly. He also requested from me to prepare 2 Real estate purchase contracts for 2 of my homes, his friend would buy and finance them for him. I later contacted that person and found out they never had an intend to do so. After 3 monthspast duein rent payments i ask him to vacate which he did. He gave me several checks as compensation for the outstanding rent. All of them wereworthless and bounced because of NSF. He continuously offered me to invest if i would help him, so i wired him a couple thousand $ to help him out in expectation of the multi million $ funding he agreed too. Every week a new story, delays, missing signatures, compliance issues. He flew to Toronto Canada where he act as the Vice President of the Milan Group and he told me together with his partner Arnold Milan he would finalize the deals. Shortly thereafter he called me for help and money again so i send him several times another $ 1.500 and 1.000 etc. Every week another excuse and delay. In the meantime i found out that he has an open warrant (public information available at Lee Clerk of Courts and Lee Sheriffs online) forworthless checks and Grand larceny and other things, therefore he is not able to enter the US again. I also got contacted by several authorities searching for him. In 2010 i have received 3 different Payorders from World Wide Funding each for 2 digit Mill.$ amounts with 3 different amended payout dates , needless to say i never have received the funds. His stories are about trading, commissions of Millions paid to him. I found out that he took from many other people money is still taking money from other people, all with the same promises to be paid any day and always with the same false promises to get funded Millions of Dollars but he need to borrow a couple thousand here and there to keep his network up.In reality he is financing his lavish livestyle, drives a Maybach and a Ferrari., lately a Mercedes CLS 550, he is also well known in Casinos and joins some player clubs.He acts as Vice President of the Milan Group (Toronto), Vice President of Forbes Hutton Financial Corp(Toronto), Managing Member of World Wide Funding Ventures, President of Zoomers Inc. He is involved in dealings in the business of the common questionable "Trading" with SBLC's, Proof of Funds, MT 700 / MT 760, with Trading platforms in London, Dubai, Spain, Portugal which never occur succesfully.His latest deal was an offer to finance one of my projects with a letter of credit of about 500 Mill. Euro. I have received a Bank Statement from him with a balance of 2 Bill. Euro and a Joint Venture agreement to be sigend by me, him and the owner of this money which is a Corporation in Portugal and which Frank Geivelis claimsto bethe financial director of. After me signing the paperwork i have not gotten the signed paperwork back with different excuses, finallylast weeki have been informed by Frank Geivelis that this corporation has been blacklisted because of fraudulent letters of credit that have been issued to be cashed exceeding the account balance by several hundred millions. I consider all these dealings as highly fraudulent and illegal,the real purpose is to get money from customers expecting funding thru Frank Geivelis. I have been promised every week to get my money back he owes me, never happened, i have used all of my funds to keep my projects alive to make downpayments and additional principal payments with guaranteed and unconditional payorders from Frank Geivelis corporations in hand. I have many paoers in hand shown the activities names and accounts and im willing to cooperate with all authorities per request.

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