- Report: #952779
Report - Rebuttal - Arbitrate
Complaint Review: Peabody Chase Consulting
Peabody Chase Consulting300 Rabro Drive Hauppauge, New York United States of America
Peabody Chase Consulting Roderick Odem Get everything in writing! Hauppauge, New York
*Author of original report: Correction
*Author of original report: Again he makes it up as he goes along
*REBUTTAL Owner of company: You never closed a Deal Never even worked on a file
*Author of original report: Oh how inaccurate a response
*Author of original report: It wasn't an advance
*REBUTTAL Owner of company: Employee Never closed a deal
I started working with Peabody Chase Consulting (PC) first in their marketing division and later in the capacity of an Independent Funding Consultant. I was to find businesses and individuals in need of financing or capital. There was to be more involvement in the actual funding process but due to the serious lack of training and the partner, Rod Odem just moving ahead on deals without me this never developed
For the larger deals and projects, of which I was finding, PC charges an upfront fee. This made it much more difficult to find such deals because the businesses either didn't have the money for the fees, were against such fees on principle, or were aware of the many scams were fees were asked but services never delivered. There were some incredible deals, some including new technologies that could have changed the way we live. The technologies were already proven, They just needed the capital to bring them to market. I couldn't even bring many of these to PC because so much had been stated about how it costs money to do these deals. The businesses just couldn't or wouldn't pay those fees. Incredible returns, and even small portions of ownership in these technologies that could have easily made us rich were lost or had to be passed on. It shows an extreme shortsightedness. The company seems to work somewhat better with smaller deals.
Of the deals I was responsible for I was mostly paid late or in the last instance, not paid at all. It was our agreement that I was to get a portion of the upfront fee, a generous portion of the commissions collected from the company upon funding and, if a portion of the company was taken in the deal, I was to get half of that.
I went for over a month of promises and excuses, some of them extremely implausible as to why I hadn't been paid yet. Somehow, along the way I'm sure the Managing Partner paid his bills and perhaps his other agents and employees. There is no excuse why he couldn't pay me. Conditions turned to conflict between us. Eventually, we negotiated an agreement between us to resolve the situation. It's been almost weeks and he still hasn't even signed the agreement we spent an entire day negotiating. It's now about 2-1/2 months and I've still not been paid. I got promise after promise and "AT BEST," excuses. I have evidence of the facts that PC has been promising to pay me, some of the extremely implausible excuses and more.
If you're considering doing business or working with Peabody Chase Consulting, if this is the way they treat the people they work with, who bring them the actual projects and deals, how might they perform in their dealings with you? If you're considering working with or for Peabody Chase the opportunity sounds very good but get every detail in writing in such a format that it would be enforceable in a court of law.
This report was posted on Ripoff Report on 10/09/2012 10:04 AM and is a permanent record located here: http://www.ripoffreport.com/r/Peabody-Chase-Consulting/Hauppauge-New-York-11788/Peabody-Chase-Consulting-Roderick-Odem-Get-everything-in-writing-Hauppauge-New-York-952779. 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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