• Report: #1054657

Complaint Review: Wall Street Private Equity Group

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  • Submitted: Wed, May 29, 2013
  • Updated: Wed, May 29, 2013

  • Reported By: Anonymous — New York New York
Wall Street Private Equity Group
20283 State Road 7, #300 Boca Raton, FL 33498 Boca Raton, Florida USA

Wall Street Private Equity Group Beware Of Selling Your Business To Wall Street Private Equity Group Boca Raton Florida

*REBUTTAL Owner of company: VIETNAM ERA VET

*Consumer Comment: EXPERIENCE AND BACKGROUND

*REBUTTAL Owner of company: PERSONAL INFORMATION

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Wall Street Private Equity Group Inc filed for bankruptcy in October 2012. It wasn’t dismissed in bankruptcy until this month. None of its current employees have ever completed a merger of consequence by themselves. Wall Street Private Equity emerged from bankruptcy with only a fraction of its cash left and no immediate major acquisition transactions pending.

 Their Vice President Steven Blum (real name Steven Blumberg) was arrested last year for beating his wife and instead of incarceration spent several months taking anger management classes and received probation. Mr. Blum has told various individuals that his wife was having an affair with the handyman in his condominium complex and that impacted on his actions. Mr. Blumberg was sued by his condominium seeking eviction for nonpayment and other related matters.

If you ask the individuals at Wall Street Private Equity to give you a dozen references of mergers that they personally completed without anyone else’s involvement or support they won’t be able to give you even one.

The company formed Business Sold by Owner and sold more than 100 very small companies a program and in general abandoned providing services to them causing numerous unhappy clients. 

Mr. Calabria joined Wall Street Private Equity in 2011 as a part time bookkeeper making between $12-$15 an hour. By changing all of the bank accounts over to his name as well as the name of all of the stock certificates, he convinced the bankruptcy judge that he had the right to file the petition. Mr. Calabria is an older man in his 60’s with health problems.

Are these the type of people that you want handling the sale of your company?       

 Sincerely,

An Industry Executive Fort Lauderdale, FL    


This report was posted on Ripoff Report on 05/29/2013 09:45 AM and is a permanent record located here: http://www.ripoffreport.com/r/Wall-Street-Private-Equity-Group/Boca-Raton-Florida-33498/Wall-Street-Private-Equity-Group-Beware-Of-Selling-Your-Business-To-Wall-Street-Private-1054657. 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 2Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

VIETNAM ERA VET

AUTHOR: anonymous - ()

MY Name is Richard A Calabria, MBA, as stated in my previous post my competitor has posted negative information about me and one of my employees. I wish to continue to set the record straight. During The VIETNAM ERA, I served in the United States Navy from 1963-1966. I serve my country in the capacity as a Medical Corpsmen and was stationed at the Philadelphia Naval Hospital in Philadelphia, Pa.

In September 1966, I was honorably discharged from the UNITED STATES NAVY and served several years in the U.S. Naval Reserve.  I was able to attend college under the G.I. BILL OF RIGHTS and obtained part of my college education under that Bill. Over the years I was able to obtain my MBA and have almost completed my course work for my PhD.

My wife and I also adopted three children who were in protective custody with children and families in the state of Florida who were sisters, and we did not want to see them separated.

As I have previously stated my competitor in a previous post has posted negative information, however, he failed to tell you that he is a convicted felon with six counts of felony charges one of which was income tax evasion. He has also failed to inform you that he has a tax lien filed with Broward County by the IRS for over$550,000.00, he does not believe in paying his fair share of taxes.

AS far as my company Wall Street Private Equity, you may call the Better Business Bureau for a reference at 800-834-1267 or 561-842-1918. We also have client references that will be provided to interested clients during the process.

If you have any further questions about me or my company you can reach me at 954-592-7194.

 

RICHARD A CALABRIA, MBA

 

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#2 Consumer Comment

EXPERIENCE AND BACKGROUND

AUTHOR: anonymous - ()

My name is Richard A. Calabria, and I am the CEO and sole shareholder of Wall Street Private Equity Group, Inc. (“WSPEG”) It has come to my attention that a business competitor may file some negative information about me and my company, so I want the record to be straight in case of that event.

I have a degree in Accounting. I also have an MBA, and I am two courses away from completing my Ph.D. coursework in organizational management, specializing in the area of Servant Leadership. I have, since 2005, been an adjunct instructor for the University of Phoenix, teaching accounting and business courses. I also hold a Florida Real Estate License. I am advised that a person or persons connected with this competitor intends to repeat false criminal allegations me.  In that regard, I note that a lawsuit including these false allegations was filed against me in Broward County, Florida, and that the lawsuit was voluntarily dismissed (in my favor).

I have over thirty-five years’ experience in management, accounting, sales, and organization of various companies. I became the legal owner of WSPEG through a set of circumstances and events that took place whereby I first became the Director, President, Secretary, and Treasurer, and which events are memorialized in a bankruptcy court ruling by the Honorable Erik Kimball in 2013.  Specifically, Judge Kimball expressly ruled was I was the sole shareholder and owner of WSPEG, and denied my opponent’s motion to dismiss the bankruptcy, which my information on the proposed competitor’s posting actually concedes.  Subsequently, and by and with my express agreement and on motion by WSPEG, that bankruptcy was dismissed by Judge Kimball on April 18, 2013.

My expertise lies in the area of accounting and management, and, though I do not have years of direct experience in the mergers industry, my employees do, specifically WSPEG’s five Senior Consultants, who have over fifty  years of experience in various aspects of the mergers business.  In that time, those Senior Consultants have been involved with over 100,000 potential clients with their combined fifty years’ experience in the various aspects of the mergers business, and have been directly instrumental in several significant mergers.  WSPEG is an ongoing business and maintains a B+ rating with the Better Business Bureau.  WSPEG also has references from satisfied clients available upon request.

Richard A Calabria, MBA

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#3 REBUTTAL Owner of company

PERSONAL INFORMATION

AUTHOR: anonymous - ()

My Name is Richard A. Calabria, MBA and I am the   CEO of Wall Street Private Equity Group, INC. and its sole shareholder. It has come to my attention that a former disgruntled employee and competitor may file some negative information about me and my company.

I have my degree in Accounting,  I also have an MBA, and I am two courses from completing my PhD coursework in organizational management specializing in the aera of Servant Leadership. I have since 205 been an adjunct instructor for the University of Phoenix teaching Accounting and business courses. I also hold a Florida Real Estate License.

I have over thirty-five years’ experience in management, accounting, sales, organization of various companies. I became the owner of Wall Street Private Equity Group, Inc.  through a set of circumstances and events that took place whereby I became the Director, President, Secretary and Treasurer.

In order to protect the company and its assets, I placed the company in Chapter 11 Bankruptcy in October of 2012, where Federal  Judge Kibell ruled that I was the sole shareholder and owner of Wall Street Private Equity Group INC,  that Bankruptcy was dismisses by Judge KImbell  on April 18th,2013.

Wall Street Private Equity INC is an ongoing business and maintains a B+ rating with the Better Business Bureau. 

My expertise lies in the arrear of Accounting and Management, though I  do not have years of experience in the mergers industry  my employees do, My  five Senior  Consultants have over fifty  years of experience in various aspects of the mergers business.  My Senior Consultants have  been involved with over  100,000 potential clients  with their combined fifty years’ experience in the various aspects of the mergers business.

Richard A. Calabria, MBA

 

 

 

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