- Report: #815966
Report - Rebuttal - Arbitrate
Complaint Review: Ritch & Associates
Ritch & Associates9111 Cross Park Drive Knoxville, Tennessee United States of America
Ritch & Associates Robert Ritch scam Knoxville, Tennessee
*Consumer Comment: Robert Ritch SCAM FRAUD
*Consumer Comment: Rob Ritch SCAM CENTRAL
*REBUTTAL Owner of company: There are no free rides
Ritch came to Houston for our meeting. He wanted to meet in the dining room and was thirty minutes late, but, nevertheless, we had a pleasant meeting. I like dealing with pleasant people and Ritch was pleasant. He laid out two funding options. The first involved my putting in money which I do not have and told Ritch. He went to a second option - a prerevenue stock offering which I liked because it fits the venture well. I offered to drive Ritch around while he was in Houston, but he declined saying he would visit an investor. I notified our management team that Ritch would call, for due diligence, and had a list of phone numbers. Ritch declined to make the calls. Ritch promised to send a written offer next week. We parted. I thought I was funded.
No written report came next week. I waited a month and contacted Ritch by email. No response. By telephone. No response. Finally, Jeff called and gave me the "offer" verbally. I had to put in $25,000 as partial payment for a suitable corporate shell. I became angry as I had told Jeff and Ritch that I had no more money to put into the funding. In fact, I had to borrow $3,000 to get the audience. Jeff said he would get back to me. Never did.
I wrote an email to Jeff with copy to Ritch stating the above and I was disappointed with both of them. Ritch did respond to this email. He told me that Jeff had told me, in advance, that I had to put in $25,000 to get funded. He ended by accusing me of wasting his time. (This is, of course, after I paid him $3,000 for the audience.)
To any reading this report, do no make mistake. In fact, with regard to funding, I have never had a positive outcome from paying any front fee.
This report was posted on Ripoff Report on 12/30/2011 02:35 PM and is a permanent record located here: http://www.ripoffreport.com/r/Ritch-Associates/Knoxville-Tennessee-37952/Ritch-Associates-Robert-Ritch-scam-Knoxville-Tennessee-815966. 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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