- Report: #772556
Report - Rebuttal - Arbitrate
Complaint Review: Pacific Investors Management Group
Pacific Investors Management Group4660 La Jolla Village Drive, Suite 500 La Jolla, California United States of America
Pacific Investors Management Group Martin R. Bishop, Robin R. Thompson, Rob R. Thompson, Mary Francis Gilmore, Chad W. Fisher financing scam, financing fraud, misrepresentation, wire fraud, fraudulent lender, lending scam to obtain deposits and fees, loan fraud, La Jolla, California
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Robin's name also shows up on other Ripoff Reports, along with other potentially fake names he's may have used, problem is, he doesn't appear to use his name to initiate a lending transaction so it's hard to find at first, he appears to use a fake name, or change company names and pretends to be both people maintaining multiple email accounts. Can't get through customs to a site visit with a fake name though! Company is a shell out of Delaware and registered in San Diego, both are in good standing, meaningless. So too a bank reference, meaningless. Do your background checking thoroughly.
This group portrays as a direct lender for commercial projects, from my experience, purely in order to obtain due diligence deposits, keep the funds and continue the scam, lots of promises, no delivery and constant red flags. there is absolutely no evidence they are a direct lender or deliver any financings, even if they delivered a proof of funds, it would guess it would be fake. This is a pure scam in my opinion, I highly doubt you will get any financing as promised, you will most ikely get a succession of requests for more fees, excuses and delays, lose any and all deposits you fund and be very disappointed. That's what happened in my case. After a succession of fees paid, promises broken, deliveries failed to eventuate and lots of excuses, they started trying to blame us for anything they could come up with. Completely forget about getting your 100% refundable for any reason deposit back, don't even be so naive. Don't believe it for a second.
First they portrayed as a direct lender, accepted the deal and needed a due diligence fee, cost a fortune for site visits (vacations) thereafter, then all of a sudden they need more fees to place it with their investors (so much for them being a direct lender as originally stated), that investor backs out, then more fees. Do not believe any of it. Their contracts (absolutely pathetically written ones which they get very pissy if you try clean it up to actually be reflective of what they're promising), a contract will not get you any deposits back, good luck getting a lawyer and going after them, think about that before you spend $20k or another $20k, or site visits (vacations) for them. Nothing you can do, your deposit is gone, a contract won't do squat for getting your deposit back, would cost you ten times that in lawyer fees and effort to even try. Just steer clear from the onset.
Robin R. Thompson, approximately 6'8", very overweight and arrogant appears to be the drive behind the scam, we would not have found out his real name apart from the customs record from a site visit, he didn't use Robin or give you his real name, be wary of the above description, it is Robin R. Thompson, hard to miss. He appeared to portray another individual to get started as his name brings up a bunch of prior scams and red flags, so he can't lead with it. This time, the name was Martin R. Bishop, or perhaps this is truly another guy who's in on the scam too, who knows. Funny how they shared a cell phone, voices were the same sounding and would never get on a call together, or be in town to meet with you together and you could never meet the other guy.
His partner Mary Francis Gilmore assisted too, again, so he doesn't have his name registered to the company as it comes up with prior frauds if you search it, so he uses hers. Funny how a multi-billion dollar company with 4 principals each owning their own G4's have an pretty dull kid analyst listed as the agent of service, Chad W. Fisher, a prior loan servicing adjuster and real estate broker. Poor kid may not even know, he certainly didn't know much about commercial lending. Their office space was some sketchy vacant temp offices, they don't live anywhere near La Jolla, just using the address for credibility, there was no office, just an answering service which won't tell you anything.
This is barely worth listing the numerous other issues they perpetrated, I'd recommend to simply steer away from them all and don't waste your money, they're frauds in my opinion, it's no fun being a recipient of wire fraud, especially for something you put so much effort and risk into, so be warned. I'm happy to share the track record of emails, wires and contracts should there be any debate to this, it's crystal clear to prove, or if anyone wants to pursue it legally, or to testify against them. This group/individuals was presented a very professional project and every item they asked for was immediately delivered, no financing, loan agreement or even anything resembling such ever amounted, they continually failed to deliver everything they said they would and certainly no deposit was returned for failing to do such as was contracted. This amounts to wire fraud and an intentional scam, pure and simply.
This report was posted on Ripoff Report on 09/02/2011 08:25 PM and is a permanent record located here: http://www.ripoffreport.com/r/Pacific-Investors-Management-Group/La-Jolla-California-92122/Pacific-Investors-Management-Group-Martin-R-Bishop-Robin-R-Thompson-Rob-R-Thompson-M-772556. 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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