• Report: #951662

Complaint Review: Wecosign Inc. Frank & Tara Jakubaitis

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  • Submitted: Sat, October 06, 2012
  • Updated: Tue, October 09, 2012

  • Reported By: WECOSIGN IS A FRAUD! — Long Beach California United States of America
Wecosign Inc. Frank & Tara Jakubaitis
Internet United States of America

Wecosign Inc. Frank & Tara Jakubaitis ATTEMPTED COVER-UP BY WECOSIGN: FRANK & TARA JAKUBAITIS DENY ACCUSATIONS OF FRAUD & EMBEZZLEMENT EVEN IN SPITE OF IRON-CLAD EVIDENCE POINTING TO THEIR GUILT , Internet

*UPDATE Employee: Threats By Nameless Poster

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How delusional can these two be?
Taras writing is much more coherent than Frank's sophomoric ramblings and only an Organized Eye would make sure there are no typos. Also, Frank would never call someone "mean-spirited since he thinks highly of being mean-spirited. By
the way, tell Frank he better cut back on the pasta; he looked 8 months pregnant the last time I saw you both at Buca Di Beppo.

Though you're a better writer, the substance and content of what you're saying is patently false and erroneous and
I think you know it deep down!

Do you really expect all the shareholders to believe that you and Frank have done nothing wrong?!!! Are you that confident in your arrogance to think that very intelligent people that you call shareholders cant see through your phony, hypocritical charade? Youd make a lousy cult leader because youre not that convincing. The pictures of the yacht and the 500 SL ARE NOT THE POINT! THE MONEY THAT WAS SPENT ON THEM IS!

Are you trying to say that you and Frank did not take hundreds of thousands of dollars of investor money and spend it on two luxury yachts and a 500 SL Mercedes?  The 500 SL Mercedes is in your new garage right now. There's NO GROSS DISTORTION OR MISSTATEMENT OF EVENTS AT ALL!!! You and Frank know exactly what you did. NOT ONE INVESTOR WOULD HAVE WRITTEN YOU AND FRANK A CHECK HAD THEY KNOWN HOW RECKLESS AND GROSSLY NEGLIGENT FRANK WAS GOING TO BEHAVE BY MISAPPROPRIATING INVESTOR FUNDS. He did NOT have the right to take that money and buy anything he wanted! By the way, why don't you call up your former law firms: Knobbe Martens and Horowitz Cron & Armstrong and Morris & Stone and Rutan & Tucker and Adam Jaffe now that you owe every one of them tens of thousands of dollars and in the case of Knobbe Martens, hundreds of thousands of dollars and ask them if they think it was Ok for Frank to take 1/4 million dollars and waste it on yachts? I wonder if they have an opinion on that. You know what the answer will be!

Almost every investor has been interviewed and has written a sworn statement as to what they were told and what was conveyed by Frank. He didn't follow through with one promise. All the investors that gave you and Frank the big money know
better and you're not going to pull the wool over their eyes--they're not stupid.

No poster needs to convince the world that you and Frank are cons and crooks...you both have done a marvelous job of that yourselves! Let me tell you what is "simply outrageous and mean-spirited." TAKING HARD EARNED MONEY FROM GOOD PEOPLE THAT TRUSTED YOU AND FRANK AND USING IT TO ENRICH YOURSELVES WITH THE EXCUSE THAT IT'S YOUR STOCK TO SELL SO IT'S YOUR MONEY TO KEEP...AND THEN FRANK RAN THE COMPANY INTO THE GROUND WITH STUPID
DECISIONS AND INCOMPETENCE. YOU BOTH SHOULD BE ASHAMED OF YOURSELVES!!!


Everyone knows that your CFO is nothing more than a puppet for you and Frank. He doesn't go pee without asking Franks permission. He's been manipulated for years and you and Frank have set him up to be the fall guy and everybody knows it
including the SEC and the IRS. By the way, what happened to your CFO? He doesn't seem to be answering the phone. Enjoy your final 60 days as Counterfeit Cosigners.

WECOSIGN IS INDEED A FAILURE AND EVERYONE KNOWS IT! Your only response to "property managers across the country" is to tell them that they're out-of-luck since they forgot to read the fine print. Youre answer is. We have to engage in loss mitigation. IT SOUNDS LIKE YOURE MORE CONCERNED WITH YOUR POTENTIAL LOSS THAN YOUR CUSTOMERS (THE PROPERTY MANAGERS/APARTMENT OWNERS) WHO TRUSTED YOU TO COSIGN ON BEHALF OF THEIR POOR CREDIT TENANTS!

As for Frank and Tara in their rebuttals claiming that the complaints from property managers are not real or legitimate because they didn't list the property or their name, this is yet another brazen example of Frank and Tara thinking they're going to pull the wool over everyone's eyes. Property Managers are intelligent people and they've read these postings and checked out the veracity of what's been said since anyone can verify the accusations and OBVIOUSLY, knowing that Frank is a SERIAL LITIGANT, they don't need documented ammunition for Frank to sue them as he love's to do.

With respect to Frank and Tara's Federal and State tax liens: Frank says, " I don't see what tax leins have to do with anything." Actually, they're CORPORATE TX LEINS AGAINST WECOSIGN SO THEY HAVE EVERYTHING TO DO WITH FRANK RUNNING WECOSIGN AND NOT BEING COMPETENT TO DO SO.

The Shareholders DO NOT KNOW THAT THE COMPANY IS MOVING FORWARD! IN FACT, WHAT THEY KNOW FOR SURE IS THAT WITH YOU AND FRANK IN CONTROL OF WECOSIGN, IT WILL NEVER BE SUCCESSFUL BECAUSE YOU'RE  ARROGANT, DISHONEST AND INCOMPETENT.

If everything is going so well at Wecosign, why are you and Frank the only two people in the office? Frank, the big important CEO, Founder, Chairman and Blowhard that he is and "The Finance Gal" Tara. This is some brilliant way to run a corporation that was first to market. You two should be real proud! Weve called multiple times and sent people into the office and all
they see is a locking glass security doorno workers. YOU HAD A DUTY AND RESPONSIBILITY TO BE GOOD STEWARDS OF THE MONEY THAT OTHERS HELPED YOU RAISE AND YOU FAILED MISERABLY!

ALL THE SHAREHOLDERS KNOW HOW MUCH MONEY YOU AND FRANK SQUANDERED AND WHAT YOU SQUANDERED IT ON! THEY ALSO KNOW FRANK DESTROYED THE BUSINESS RELATIONSHIP WITH RENT.COM AND THAT HE REFUSES TO PAY CERTAIN PROPERTY MANAGERS FOR DEFAULTED TENANTS. WE KNOW WHO THEY ARE AND HOW MUCH YOU OWE THEM AND THEY SHALL REMAIN NAMELESS FOR NOW. YOU HAVE NO IDEA WHAT IM CAPABLE OF. YOU AND FRANK HURT PEOPLE SEVERELY THAT I CARE ABOUT. I sleep well at nighthow about you?

This report was posted on Ripoff Report on 10/06/2012 10:07 AM and is a permanent record located here: http://www.ripoffreport.com/r/Wecosign-Inc-Frank-Tara-Jakubaitis/internet/Wecosign-Inc-Frank-Tara-Jakubaitis-ATTEMPTED-COVER-UP-BY-WECOSIGN-FRANK-TARA-JAKUBA-951662. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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Updates & Rebuttals

#1 UPDATE Employee

Threats By Nameless Poster

AUTHOR: Records - (United States of America)

All of the postings and threats made by the individual who still chooses to remain nameless are being compiled and reported to the various authorities. Since March of 2012 this individual has engaged in a letter writing campaign to  Wecosign's shareholders making accusations and allegations of fraud, embezzlement, misappropriation, etc., yet at the same time promising a return of shareholder value. This is the forum by which the writer has chosen to restore shareholder value by posting  venomous spurious allegations about the founders and the company on the internet with the intent to destroy not only the founders but the company as well. Perhaps the writer works for a competitor. Perhaps the writer was an employee that had an opportunity at Wecosign, but was terminated for cause. Either way, the motive is to defame and destroy a company that makes a difference in people's lives. As stated before, property managers across the country have an opportunity to reduce their vacancy rate and accept credit challenged applicants. The service is appreciated and needed. Professional property managers do not resort to anonymous postings. 

In closing, the rent.com relationship failed because rent.com did not following through on what they promised and tried to change the terms of the contract. All of the employees were witness to their attempts.

The postings are as stated before mean-spirited and outrageous and should be considered in that vein.  

  
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