- Report: #730742
Report - Rebuttal - Arbitrate
Complaint Review: Monetech Group Holdings
Monetech Group Holdings7251 W. Lake Mead Blvd. STE 300 Las Vegas,, Nevada United States of America
Monetech Group Holdings Formerly Four Seasons Consulting Monetech Group Holdings Fraud Report Las Vegas, , Nevada
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I paid them $1000 for a boiler plate business analysis. They turned it around in a couple of days and told me that I was approved for a $290,000 grant. I got suspicious when the grant approval came in only two days after I recieved their initial analysis (and before my corrections were made to it). I spoke with a Dan Goodman from Monetech who said that the main condition of approval was that I had to turn in "supplemental documentation to the funding organization within 10 days". "The supplemental documentation", he told me, was "a very specific IRS approved business plan". Dan then told me that I had a"99% chance of funding if I paid them to provide me with this business plan. Dan sent me a Business Plan Package Service Agreement which requested that I pay Monetech another $4300 immediately. At this point I sent Monetech a list of conditions that I needed met before I would pay $4300 more to them. I needed to know that an organization truly existed that was willing to grant my company $290K and I wanted to see evidence that Monetech truly sent letters of intent out to 38 organizations. Here were the the conditions I sent to Monetech:
1. I had requested to have a copy of the updated business analysis
after my corrections and feedback was given to Monetech. I have not
received a copy of my updated analysis. I would like to have a copy of
the updated analysis. I would like to refer to it as I work on the
business plan and I want a copy for my records.
I had requested to have a copy of the grant proposal before they
were submitted to the organizations. I understand that they were all
slightly different. I asked to see at least one of them for my
records. I want to know how I am being represented to these organizations
before they were sent. I did not receive a copy of even one of the proposals
prior to you submitting them. I would like to have this before I move
forward. Organization names can be omitted if need be.
I would like to know the name of the organization that is willing to
fund the proposed $290,000 grant. I am willing to sign a non-disclosure
agreement or any other agreement in order to have this information.
I need to request a payment plan for the Business Plan Package
Service Agreement. I can put $1000 down now and the rest upon final grant
I was just told that Monetech will not be doing the Business
Plan. I would like to know who or what organization will be doing it.
Jason from Monetech called me and told me that they could not meet any of my conditions. Instead he emailed me copies of letters of intent that (he said) they mailed out to the 38 organizations. The letters of intent had no names on them... they were also boiler plate.
That's when my husband and I started investigating deeper and found a ton of fraud reports including one to the FBI.
This report was posted on Ripoff Report on 05/18/2011 01:58 PM and is a permanent record located here: http://www.ripoffreport.com/r/Monetech-Group-Holdings/Las-Vegas-Nevada-89128/Monetech-Group-Holdings-Formerly-Four-Seasons-Consulting-Monetech-Group-Holdings-Fraud-Rep-730742. 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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