• Report: #1025066

Complaint Review: Sierra Investment Group, Inc.

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  • Submitted: Thu, March 07, 2013
  • Updated: Thu, March 07, 2013

  • Reported By: Nagus Supplies — Naples Florida United States of America
Sierra Investment Group, Inc.
123 west nye Lane Suite 520 Carson City, NV 89706 Carson city - Las vegas - San Francisco California, Nevada United States of America

Sierra Investment Group, Inc. Summit Business Consultants Government Grant Scams, Investment Scam, Ponzi Schemes, Ripp Off, Crooks Promising grants to small businesses & running off with your Money Carson city - Las vegas - San Francisco California, Nevada

*Consumer Comment: Also scammed by Sierra Investment

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We've been scammed by a company by the name of  Sierra Investment Group and Echoe Inc.

The names of the people we've dealt with are :

John Hargrove 

Mike Callaway

Ruby Robinson

Artist (Art)Willington  (In my opinion this Artist guy and Mike Callaway is the same person)

Santana Cantrell

Mike Steins

Mike Anthony

David Allen

Alex

Michelle

Mercedes

Phone numbers:

Sierra Investment

800-323-6298

775-227-6190 fax

Summit Business Consultants

265 E. warm Street Rd. ste#107 LAs Vegas, Nevada

888-225-3008

702-973-8660 fax

Echoe, Inc.

(Echo Inc.)

John Hargrove Cell 702-742-4173 this one reads on the caller Id Sandra Moore

702-742-2307

Mike Callaway 702-374-3594

Echoe Used Wells Fargo Bank

account#2527741702 & #5688279156

Summit Business Consultants used

U. [continued below]....
.....S. Bank

Acct#153755185102

They claim to be document preparation company for qualified grant recipients. As we all know this economy has been hard on everyone so we figured a grant was a good idea.

Around this time last year we contacted a Company by the name of Sierra Investment Group. They claimed to work with Big companies using examples like Walmart or Chevron who at the end of the year would give out large amounts of money to small businesses who "qualify" and use that as tax write offs. This being a WIN WIN situation. They get to write off these large amounts of money & helping small businesses grow while helping boost our economy. They talk a sweet deal.

We were approved for a $292,000.00 (tax free) grant promising after a year becoming 2nd grant recepients and hopefully getting more money from these companies and at this point since we've all ready paid for all these DOCUMENTS they claim they have to provide, it was ONLY a one time investment. They said these documents were good for 5 years. They had us write down where all the $292,000.00 were going to be spent on & gave us a 36 month deadline to spend it.  

They start by charging you a Business Plan Agreement fee and Supplemental Documents fee which include a business plan which they need to present to these various companies like I mentioned before but claim some stay anonymous. Once we send the first two payments, after months of waiting we finally receive a Business Plan with all types of errors on them we had them revise. They also promised us a CD Rom with all this information on it & said they would make copies & send them all out to all companies who are waiting to give out these grants to small businesses like ours. Never received the CD ROM just a paper copy.

Then around 4 to 5 months of not hearing anything from Sierra we began calling them & e-mailing leaving Voicemails & finally get a call back by this company Echoe inc. & informs us that they are with Sierra Investments & that they are the ones which now proceed with the document preparation. Since it's such a significant amount of money they have to provide documentation to the IRS / Department of Treasury of the U.S. These people have had us wire money into 2 different Wells Fargo accounts mentioned above in a matter of a few months totaling $21,340.00 I am not including the other $8,243.00 we initially sent Sierra for the agreement & business plan. They also throw in that in any case if we are not granted the funds the initial investment totaling $29,583.00 will be refunded.

When we were already getting close to the grant funding since of coarse they were going to ask us for more money...they even sent us an email with the heading of the Department of Treasury of the United States addressed to the beneficiary of grand recepients signed off the Mr. Timothy F. Geithner to make things look legit. 

Once all the money was sent & all we were were waiting on was OUR $292,000.00 transfer, they of coarse stop answering calls & e-mails. Some of the cell phones they use are now disconnected. So I decided to contact Sierra Investment 800 number which by the way doesn't even ring...goes straight to voicemail. I leave a message and get a call back later that afternoon. They called with a BLOCKED number...which is very tipical of ALL of them and this guy MIKE ANTHONY tells me he is returning my call & wanted to know what fund transfer am I waiting for??? I explained we have already paid everything there is to pay and that I was promised a wire transfer for the $292,000.00 plus my $29,583.00 investment on a seperate check. This guy has the face to just sit there and tell me OH NO! have you been dealing with Mr. John Hargrove from Echoe??? Oh sweetie thats a Scam! go to Ripp Off alert and you will see they have been ripping off our clients...We've lost so much business because of them....They have nothing to do with Sierra Investments. 

Don't be fooled...All these people are Linked. They change there names to act like they are other people...Although I must say not to Creative...Everyone is Mike. Can you atleast come up with another name?? 

I asked this one of many MIKE'S (Mike Anthony) if this was something that was hurting there Business and OBVIOUSLY has been going on for such a long time...(I have seen reports dating back to 2006) Why wouldn't you disclose this information with your clients from the begining? Why don't you let your clients know if you happen to get contacted by a third party who claim they are with Sierra investments asking for more money.. It's a SCAM! Why don't you put this information on your website? Why don't you from the very begining explain what the total amount is going to cost you for these document preperations and that NOT ONE PENNY MORE is needed from them? His response....Ohhhhh I don't know....I mean we tried one time but I really don't know...and then asked me to contact the authorities & the department of Nevada's FBI.

So I asked ok....forget Echoe & the crooks behind that Scam....Where is my grant that YOU SIERRA INVESTMENT promised we would receive within 6 to 12 months? It's been WELL OVER a year now? & of coarse his response....it's in process. He explained the economy is so bad now that EVERYONE is applying for these grants. 

Not 20 minutes passed and Mr. John Hargrove who by the way is in Nevada calls me from Mr. Mike Callaway's (one of the many Mike's) cell phone number...Which by the way Mike is supposed to be in California. to advise me that he will call me tomorrow that the funds are ready to be transfered & that if I had any questions for him. In my opinion he called just to see if we already were aware of the FRAUD...Since his buddy from Sierra had just called me to break the news.

These people are Scam Artist.... and have been doing this for years & nothing has been done. Visit there Facebook page and you'll see more of there Victims. One of which claims he contacted the FBI when he was ripped off close to $17,000.00 and the FBI told him that was't enough to pursue. That he should get a group of everyone affected by these people in order to pursue.

Something Needs to be DONE!
  

This report was posted on Ripoff Report on 03/07/2013 12:39 PM and is a permanent record located here: http://www.ripoffreport.com/r/Sierra-Investment-Group-Inc/Carson-city-Las-vegas-San-Francisco-California-Nevada-89706/Sierra-Investment-Group-Inc-Summit-Business-Consultants-Government-Grant-Scams-Investme-1025066. 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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#1 Consumer Comment

Also scammed by Sierra Investment

AUTHOR: Terri H - ()

We also were ripped off by these people. Everyone you name is who we were contacted by or spoke with.

After about 8 to 9 months we were told how some disgruntled employees had left their company and taken files with them, ours being one, and not to speak with them or give them any money. Then we were also told the same thing when we asked why they didn't tell us this when we first signed up with them.

Well we fell for it again with a company called Grant Advocates. Less money but same scam. The mans name, or name he is using is Steven Tyler, which we believe also worked for Sierra. I have written a report on Grant Advocates here on Ripoff Report, just yesterday, and their website has been taken down!!! Yay!

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