• Report: #431710

Complaint Review: Ravi T. Hardyal, Global Financial & Capital Corp

  • Submitted: Sat, March 07, 2009
  • Updated: Thu, April 09, 2009

  • Reported By:puerta plata Other
Ravi T. Hardyal, Global Financial & Capital Corp
5875 Highway 7, Unit #15A WoodBridge, Ontario U.S.A.

Ravi T. Hardyal, Global Financial & Capital Corp Loan broker, took deposit and referred financial institutions fraudulent or bankrupt WoodBridge Ontario

*REBUTTAL Owner of company: Aspen Capital did try to help

*Author of original report: Aspen Capital, Douglas Martin

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We were looking for project financing in the Dominican Republic. Ravi of global said he had a lender but required a $15,000 deposit to confirm that we were serios borrowers. The money was paid and he refered us to FDP Financial. This company appeared in your reports and we were concerned about them. I asked Ravi for a references for this company that required an addition $10,000 US deposit. Ravi said he funded over $2 billion with this company. I thought ths strange since they claimed to manage only $500 million in assets. Ravi then provided me with a reference for FDP. When I checked the reference, an oil exploration company, I was told that FDP were frauds, they took your money but had no facility to lend.

Ravi then referred us to a second lender that wanted a $10 million US up front fee. He referred me to their website and they appeared to be a construction company not a lending company.

He then referred us to Pheonix Lending. There were reports from other brokers that they were also fraudulent and they ultimately filed for bankrupcy.

In October we asked, following the contract we signed, for Ravi to return the deposit. Ravi promised the money on numerous occassions and didnt deliver. We hired a lawyer and Ravi did return some of the money in drips and drabs. We have now instructed our lawyer to sue for the balance owing.

Dennis
puerta plata
Dominican Republic

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This report was posted on Ripoff Report on 03/07/2009 07:42 AM and is a permanent record located here: http://www.ripoffreport.com/r/Ravi-T-Hardyal-Global-Financial-Capital-Corp/WoodBridge-Ontario-L4L-1T9/Ravi-T-Hardyal-Global-Financial-Capital-Corp-Loan-broker-took-deposit-and-referred-fi-431710. 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 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

Aspen Capital did try to help

AUTHOR: Douglas Martin - (U.S.A.)

My name is Douglas Martin and the owner of Aspen Capital. I introduced Dennis to Ravi and was also led to believe that Ravi had the lenders who could fund Dennis's project. I understand Dennis's frustration in trying to get his client's money back from Ravi, but to suggest that Aspen Capital is culpable is disingenuous. Dennis spent about two weeks performing his due dilligence on Ravi and his company. Dennis said he contacted the Canadian Government to verify Ravi's license and standing. Dennis also said he asked his brother, who is an attorney in Canada, to check on Ravi. Dennis along with his client made the decision to proceed with Ravi and sent the deposit to Ravi. Aspen Capital did not receive any money, nor do we ever collect upfront fees. I have spoken to Ravi several times on behalf of Dennis to get Ravi to send the deposit back. Every time I spoke to Ravi, he said he was sending a portion of the deposit. I don't know what else I can do, and I told this to Dennis, so I don't know why he is claiming that I'm not trying to help. I can be reached at 570-714-7791 to discuss this with anyone interested. Thank you, Douglas Martin
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#2 Author of original report

Aspen Capital, Douglas Martin

AUTHOR: Dennis - (Dominican Republic)

Aspen Capital, Doug Martin, was the broker that brought me to Global and Ravi. He lied about having done deals with Ravi before and offered no assistance in recovering the lost money
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