ED Magedson – Founder
Lighthouse Capital Development LLC822 A1A North, Suite 310 Ponte Vedre Beach, Florida USA
Lighthouse Capital Development LLC Defrauded by Jack Smith, Walter Parsons of Lighthouse Capital Development - Beware of These Men Ponte Vedre Beach Florida
Thank you author of Report #1028538.
Unfortunately, my company also ran into the same crew Jack Smith/Walter Parsons/Corey Boddie who told us the same storie about Lighthouse Captial Developmen and Questus helping fund fledging businesses. They convinced us to wire $166,666 in advance fees to Lighthouse for a guaranteed $25 million non-recourse loan. These advance fees (which they identified as “underwriting fees”) were supposedly 100% refundable in the event that no loan was produced by Lighthouse.
However, Smith/Parsons took the advance fees and never produced a loan, and failed to return the advance fees despite repeated demands. We have since learned that advance loan fees are not lawful in Florida unless the entity a licensed broker. Lighthouse is not a license broker. We are pursuing all avenues of relief. We would appreciate the assistance of anybody that has come in contact with Smith/Parsons/Boddie/Ligthouse.
Any supporting evidence/witnesses would asist us in stopping this group from taking advantage of anybody else. Please contact us at: (((email redacted))) or call: (((redacted))).
This report was posted on Ripoff Report on 06/08/2013 10:59 PM and is a permanent record located here: http://www.ripoffreport.com/r/Lighthouse-Capital-Development-LLC/Ponte-Vedre-Beach-Florida-32082/Lighthouse-Capital-Development-LLC-Defrauded-by-Jack-Smith-Walter-Parsons-of-Lighthouse-1057632. 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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