ED Magedson – Founder
GB Funding - Global Business Funding10161 Park Run Dr. #150 Las Vegas, Nevada United States of America
we were contacted by gb funding and they offered us a business grant for (we were going for 825,000) they asked us questions about our business profile and they would search for foundations that would except our profile, to start the process we and paperwork we had to give 3,750.00.( they have our tax info and social security#'s)
we received a call from a Darren Glisten saying they had a foundation that approved us for the amount of 425,000, we needed to give them more information for the i.r.s so the company can get there tax write-off, but we needed to come up with 7,800 for them to do a report for the i.r.s (pie charts, graph charts, etc.) sent them the 7,800 by wire (july) and gb funding said it would take 6-8 wk for the money to come in depending on the i.r.s,
we waited and called gb funding roughly 9 weeks later and no one called us back, we kept calling and no one responded.
In october of 09' we received a call from gb funding stating the money is available by the i.r.s but we need to give 5% of the amount to a non -profit organization i told them that that was fine and i will get a non proft organ name and let them know, gb funding stated we needed to give one of their non profits the 5% and i told them fine.
he said we needed to give them another 4,500.00 i told him are you out of your mind you already have 11,550.00 of my money there is no way i am giving you any more.
gb funding told me to call him back a.s.a.p to let him know and that they would release the amount of 825,000 , i said i thought we were approved for only 425,ooo he said no now you will get the 825,000 . i said i cant give you anymore money and he said how about 3500.00 and i said no.
never heard from them again.
This report was posted on Ripoff Report on 02/23/2010 09:06 AM and is a permanent record located here: http://www.ripoffreport.com/r/GB-Funding-Global-Business-Funding/Las-Vegas-Nevada-89145/GB-Funding-Global-Business-Funding-took-our-money-promised-us-funding-they-took-off-an-573637. 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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