- Report: #747674
Report - Rebuttal - Arbitrate
Complaint Review: Paul Wiltz of Monet Inc.
Paul Wiltz of Monet Inc.6000 Poplar Avenue, Suite 250 Memphis, Tennessee United States of America
Paul Wiltz of Monet Inc. Wonda McGowan, denita scott is a SCAM, FRAUD, SNAKE, LIAR and a THIEF. Memphis, Tennessee
*REBUTTAL Owner of company: Final Response
*Author of original report: Refutting Paul Wiltz' False Claims
*General Comment: Don't be fooled
*General Comment: Mone't Inc. funded.
*Consumer Comment: My Excellent Experience With Mone't Inc.
*UPDATE Employee: Ryan Gill, Cyle A. Williams, and all their Associates
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I am taking the time to write this, so that you do not have to experience what my team has experienced in the past few months in dealing with Paul Wiltz and his staff at Monet Inc.. May the following information be a warning and a red flag to you in regards to doing business with Monet. Paul Wiltz repeatedly lied to us, wasted our time and stole our money. Trust him at your peril. You have been warned!
My partner and I are finders who work to raise capital for our clients. We were impressed with Monet's good looking website and seemingly credible press releases. Prior to going into business with Paul, we actually read the ripoff report in which this is a response to... and we sided with Paul because of our naivety and urgent need for funding. We did not heed the warning and we paid the price. Please don't fall for the same scam we did.
We approached Paul Wiltz and his staff with several deals. After reviewing all the documents of each, Monet decided to take one on, assuring it was a grand slam that they would close in no time. Paul assured us and our client repeatedly that he had a specific investor lined up, stating "You have no idea how fast I will close this deal. This is what I do." and that he "would close in 7-10 days" from going into contract with Monet. Paul Wiltz told us he would close this deal in 7-10 days, but he needed a $2500 due diligence fee to cover the time and expenses he and his staff would invest in getting the deal done. We offered to go into contract with him only if he would agree to refund the $2500 retainer, upon not producing an offer. In addition to the refund clause, the contract included 100% transparency. Paul agreed to these terms. We paid a retainer.
After nearly 90 days of unreturned calls, swindling, stall tactics and blatant lies, Monet has produced no such offer and refuses to keep their word in refunding the retainer. A couple weeks after the "specific investor" that Paul told us he would close in 7-10 days, failed to produce an offer, in the spirit of transparency, we called the CEO of the company directly inquiring about the nature of their relationship to Monet. In so doing, we learned that Monet had never done a deal with them before, and that they didn't even do the type of financing the we required. If Paul Wiltz were an honest businessman with integrity, he would have disclosed these truths upfront.
A month after failing to produce his promised offer, a month of "The offer will come next Monday", "The offer will come tomorrow.", Paul switched strategies and targeted another source for funding which he claimed a solid relationship with. We have sources who actually know the heads of this hedge fund and those Principals told us that Paul is a greasy slime ball and that they can't stand him. In addition, we have developed a relationship with another Principal of whom the Monet website claims to be in a $100M deal with. This Principal verified that they did have an initial engagement with Monet, but the deal died, went nowhere, and that Paul was put off the project indefinitely. The press release on the website, does not reflect this reality at all, even further evidence of deliberate deception in attempts to collect retainers.
We found our experience with Monet to very similarly reflect the experience of the rip off report to which this is a response to. Paul is likely to rebute this post with more of his convincing slick talk. You will be a d**n fool if you fall for his scam after being warned twice. We gave Paul an opportunity to be a man of integrity, a man of his word, and refund the retainer. Paul obviously felt that keeping the $2500 was worth destroying a business relationship as well his credibility with everyone who will read this.
A man is only as good as his word. If your word is no good, you are no good. In our experience, Paul Wiltz of Monet Inc is no good.
This report was posted on Ripoff Report on 06/30/2011 03:54 PM and is a permanent record located here: http://www.ripoffreport.com/r/Paul-Wiltz-of-Monet-Inc/Memphis-Tennessee-38119/Paul-Wiltz-of-Monet-Inc-Wonda-McGowan-denita-scott-is-a-SCAM-FRAUD-SNAKE-LIAR-and-a-747674. 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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