• Report: #894131

Complaint Review: PRECISION AUTO LEASING

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  • Submitted: Thu, June 07, 2012
  • Updated: Thu, November 08, 2012

  • Reported By: Washington DC United States of America
PRECISION AUTO LEASING
DAVIE, Florida United States of America

PRECISION AUTO LEASING FRANK ANTHONY NUZZO FRAUD. SCAMS. CRIMINAL DAVIE, Florida

*Consumer Comment: Precision Auto Leasing not a scam

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Anthony Nuzzo (Frank Nuzzo) has been scamming and defrauding innocent investors for over 8 years.  Let's get this guy locked up.

To all of you who have been scammed by Frank Anthony Nuzzo and Kate O'Brien or know anyone who they've scammed, please file a report at FINRA.

http://www.finra.org/Investors/ProtectYourself/p118628

F. Nuzzo's CRD# is 3219677
You can file a complaint with the SEC at the same time.  

From FINRA

 a company can sell its unregistered shares in private transactions (often called private placements), and such sales to investors are an essential source of capital for American business, particularly small firms. But these Investments can be fraught with riskincluding the fact that you cant be certain the company being touted will actually complete an IPO.

the unregistered shares offered to you could be part of a fraud.  The company might not existor, if it does, the promoter might be offering shares he doesnt have or that he acquired in a questionable transaction.  The fraud could also involve misrepresentations about the company and its prospects, including the likelihood, timing and pricing of any potential IPO. 


This report was posted on Ripoff Report on 06/07/2012 08:03 AM and is a permanent record located here: http://www.ripoffreport.com/r/PRECISION-AUTO-LEASING/DAVIE-Florida-/PRECISION-AUTO-LEASING-FRANK-ANTHONY-NUZZO-FRAUD-SCAMS-CRIMINAL-DAVIE-Florida-894131. 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:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Precision Auto Leasing not a scam

AUTHOR: Jeff Cramblit - (United States of America)

I am just one of the investors in this company that is still in a Pre-IPO mode of operation. I have frequent contact with the management and first hand knowledge about the daily operations. It is true that the company has not stayed on the original time line promised in making a public offering debut but what company ever does. There were mistakes made early on in the hiring of un-qualified accounting firms that did not understand the complexity of this unique company.

The accounting was miss-handled to meet the requirements for SEC filings and time passed quickly with tons of daily business falling in arrears. This situation has now been corrected with a recent hiring of a qualified accounting firm. The re-working of past business is a daunting and time consuming task but is coming along. We will be seeing past and current Profit and Loss statements soon. I will not promise when, that is beyond my scope. Business is brisk and our investment is not at risk. With hundreds of cars in inventory on leases and rent to own programs the model is working. We go into the new year with renewed confidence that our investment will bring everyone a return on their investment. 

If anyone would like to talk to me in more detail, feel free to contact me. 512-415-1726

Jeff Cramblit
Investor and a relations advocate.

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