• Report: #555039

Complaint Review: Hershey Investments, LLC

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  • Submitted: Fri, January 15, 2010
  • Updated: Wed, March 07, 2012

  • Reported By: Victoria — denver Colorado United States of America
Hershey Investments, LLC
5751 Kroger Drive, Keller Texas 76248 Keller, Texas United States of America

Hershey Investments, LLC Ken Jones HERSHEY INVESTMENTS LLC A SCAM PLEASE BEWARE!!!!!! Keller, Texas

*Consumer Comment: *****INVESTOR ALERT: Please feel free to type in 269041 at this site and go to 'Consumer Comment #3'.....

*Author of original report: Hershey Investments Ken Jones SCAM!!!!! BE AWARE!!!! Keller, Texas

*REBUTTAL Individual responds: Response to post regarding consumer experience

*Author of original report: Updated Partner's Name

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I was introduced to Ken Jones by my mortgage broker out of Maryland by the name Matheno Howell-bey who also happens to be part of this scam artists. I was planning to buy a house last  year in CO and had a credit score of 620 and was introduced by a friend to Matheno  who claimed that he would get my loan done. I put the property under contract with an earnest money of $1500 which would be nonrefundable if i didn't close the loan. Spoke to Matheno about the earnest money being nonrefundable and if he knew for sure we could get this done and he assured me that the loan would close. After about 15 days, i got a call from Matheno telling me that i should pay for rapid credit score because he was having problems with my credit score. He then introduced me to Ken Jones of Hershey Investments who in turn told me that if i paid $1800 my credit score would go up and they would be able to get me the loan. I sent the money the next day and haven't heard from him since. To cut the long story short i ended up losing the earnest money because we didn't get the loan closed and the $1800 i had paid to Hershey Investments for the rapid credit score. I tried to contact Matheno who never returned my calls either. I want to WARN all of you not to fall prey to this scam artists. Stay away from HERSHEY INVESTMENTS , KEN JONES his partner ERIC and MATHENO.  Am in a process of filing a compliant with the Texas attorney general in regards to Hershey investments and the BBB. Thanks.

This report was posted on Ripoff Report on 01/15/2010 11:17 AM and is a permanent record located here: http://www.ripoffreport.com/r/Hershey-Investments-LLC/Keller-Texas-76248/Hershey-Investments-LLC-Ken-Jones-HERSHEY-INVESTMENTS-LLC-A-SCAM-PLEASE-BEWARE-Kell-555039. 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:
2Author 1Consumer 1Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

*****INVESTOR ALERT: Please feel free to type in 269041 at this site and go to 'Consumer Comment #3'.....

AUTHOR: Karl - (USA)

at Ripoff Report #269041, entitled "Blame it on a Lawyer" and read what is stated for important information.

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#2 Author of original report

Hershey Investments Ken Jones SCAM!!!!! BE AWARE!!!! Keller, Texas

AUTHOR: sonthom1 - (United States of America)

Please see another post below from another victim of Hershey Investments and Ken Jones. Whatever to wrote on your rebuttal does not hold any water. You are SCAM!!! We are still moving forward with the AG to try and get our money back.

http://www.ripoffreport.com/mortgage-companies/hershey-investments/hershey-investments-ken-jones-5a056.htm
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#3 REBUTTAL Individual responds

Response to post regarding consumer experience

AUTHOR: HersheyInvestments - (United States of America)

So that anyone reviewing this is aware, Hershey Investments, or H I, is not a credit restoration company, and we do not represent ourselves as such. Any credit services offered are by a referral basis only, to an outside company, who are solely responsible for their own performances. H I does not profit from any credit restoration services. Before any services are rendered, any and all clients are required to sign a contract disclosing the above fact, our business processes, as well as agreeing to a hold-harmless. To that end, H I claims no responsibility for actions of the credit restoration company, nor do we guarantee any of the services or performance that such company provides, and H I admits to no wrong doing in any way. Any information divulged below is done so in an informative manner only.

At the time that we were working with this client, we were referring clients to Lynn Anne with credit-a-must; contact creditamustatgmail.com. When we began working with this company, we were seeing fantastic results, with some derogatory items being removed within a week, and most derogatory being removed shortly thereafter for the clients that were referred. In our business, it meant that we could take clients that had credit blemishes, and get them into a home with a mortgage from our partner lender, sometimes within the same month, though that was rare, and typical results were around sixty days. Around June of 2009, we began to have difficulties contacting Lynn and getting updates for any clients that had been referred. While we received some contact from her here and there, she eventually stopped taking any calls and responding to emails, and disappeared all together. At the time, she was working on approximately six files that we know of. We are unsure as to what she was able to accomplish or not after we lost communication. Any clients that utilized credit-a-must and experienced negative results are encouraged to pursue their legal options. H I is currently attempting to skip trace this individual, though we have been advised that for any legal recourse to be obtained, it must come from the individual clients, as H I was not provided with any services and does not have the grounds to pursue suit.  

In regards to this specific client, as indicated in her post she was referred to us by Matheno to assist her with obtaining the financing for the home she was attempting to purchase from him. Matheno is an individual investor, and for better or worse has no ties, partnership, or any type of relationship with H I, and brought this client to us only after seeing an ad for our services online. Typically, we do not work with outside investors, as that is the position that we take in the transaction. We made an exception on this occasion. H I had no involvement with what transpired between Matheno and the client, including the purchase and escrow agreements that were completed before H I was contacted, as well as any conversations that may have transpired between them regarding our services. When Victoria contacted us, she did have a credit score of 620, however, she also had a SHORT SALE that had occurred within the last year and a half. Essentially, the only options that she had at that point were to either A) put 15% down through a no credit check mortgage program, or B) attempt to have the short sale information removed from her credit profile and attempt to obtain a mortgage through a more traditional lender. She obviously opted for the latter, and apparently did not obtain the wanted results. Those were her only options that would work for her situation and H I made no guarantees regarding either option, especially considering the time crunch that she was under in reference to small window available in the contract. This clients deal was, unfortunately, a bad experience for all parties involved, and has prompted a change in our business practices since, specifically regarding credit restoration and outside investors. Currently, restoration services are now referred through a much more affordable licensed and bonded credit restoration company, with the possibility of obtaining the services with no upfront cost (pay after completion), and any fees that are paid are done so by only by credit card, which in the event if services are not performed, allows the client to dispute through their credit card company. Any further inquiries regarding this matter may be addressed to H I.

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#4 Author of original report

Updated Partner's Name

AUTHOR: sonthom1 - (United States of America)

I was introduced to Ken Jones by my mortgage broker out of Maryland by
the name Matheno Howell-bey who also happens to be part of this scam
artists. I was planning to buy a house last  year in CO and had a
credit score of 620 and was introduced by a friend to Matheno  who
claimed that he would get my loan done. I put the property under
contract with an earnest money of $1500 which would be nonrefundable if
i didn't close the loan. Spoke to Matheno about the earnest money being
nonrefundable and if he knew for sure we could get this done and he
assured me that the loan would close. After about 15 days, i got a call
from Matheno telling me that i should pay for rapid credit score
because he was having problems with my credit score. He then introduced
me to Ken Jones of Hershey Investments who in turn told me that if i
paid $1800 my credit score would go up and they would be able to get me
the loan. I sent the money the next day and haven't heard from him
since. To cut the long story short i ended up losing the earnest money
because we didn't get the loan closed and the $1800 i had paid to
Hershey Investments for the rapid credit score. I tried to contact
Matheno who never returned my calls either. I want to WARN all of you
not to fall prey to this scam artists. Stay away from HERSHEY
INVESTMENTS , KEN JONES his partner CALVIN WILLIAMS and MATHENO.  Am in a process
of filing a compliant with the Texas attorney general in regards to
Hershey investments and the BBB. Thanks.
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