• Report: #944888

Complaint Review: Wecosign Inc.

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  • Submitted: Fri, September 21, 2012
  • Updated: Tue, September 25, 2012

  • Reported By: RIPPED OFF BY WECOSIGN — Laguna Beach California United States of America
Wecosign Inc.
Laguna Beach, California United States of America

Wecosign Inc. Frank & Tara Jakubaitis Wecosign scams OC Law Firms Laguna Beach Frank Jakubaitis in Default & owes over one million dollars & is Spiraling Out of Control Laguna Beach, California

*REBUTTAL Individual responds: HERE WE HAVE THE INTERESTED INVESTORS, VERY EMOTIONAL PEOPLE

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WECOSIGN SCAMS OC LAW FIRMS

It will come as no surprise to you that Frank Jakubaitis has been conning a number of OC law firms convincing them to work for him for very little and then allowing him to pay later. Well, later has arrived and now Jakubaitisby his own admissiondoesnt have 2 nickels to rub together and is now screwing over his attorneys. As shareholders, at least we dont have to feel like were aloneFranks an equal opportunity con-man.

Knobbe  Martens is owed the largest amount, Horowitz, Cron & Armstrong is owed, The Dreyfuss Firm is owed, Morris & Stone is owed, Adam Jaffe is owedet al. Its amusing that Frank has coaxed a few of these attorneys to actually accept shares of Wecosign Stock in lieu of cash since the stock isnt worth the paper its printed on and never will be.

As we all know, Frank and Tara Jakubaitis have multiple tax liens and judgments against them both personally and corporately. To make matters worse, Jakubaitis in his shareholder letter (SEE SHAREHOLDER LETTER ENCLOSED) dated June 10, 2011, brags about the supposed profit he made: I am pleased to report now as a result of my previous decisions we charted up almost an $11,000.00 profit for the month of May. I expect that June will even be better. Never before have we seen such profitable numbers. WHAT A SPECTACULAR RESULT FRANK! AFTER 4 YEARS IN BUSINESS AND ALMOST 2 MILLION DOLLARS INVESTED, YOU MADE $11,000.00 PROFIT! IM SPEECHLESS!!!

IN REALITY, FRANK CONVENIENTLY DOESNT MENTION THAT HE NEGLECTED TO PAY HIS FEDERAL AND STATE INCOME TAX DATED 3/31/2011 (SEE ENCLOSED TAX LIENS). THE DATES OF THE TAX LIENS COINCIDE PERFECTLY WITH THE SAME FISCAL QUARTER AS HIS APPARENT PROFIT WHICH WAS REALLY NO PROFIT AT ALL. IN HIS SENILE STATE, FRANK SEEMS TO THINK THAT NO ONE WILL NOTICE THAT HE DIDNT PAY HIS TAXES. AS WE ALL KNOW, IF YOU OWE A DEBT AS A COMPANY, ESPECIALLY TAXES; YOU DONT CONSIDER ANY INCOME PROFIT UNTIL THE PAYABLES ARE SATISFIED.

EVEN IF THIS WERE A LEGITIMATE PROFIT BEING REPORTED WHICH ITS NOT, IT WOULD ACTUALLY BE PATHETIC. CAN YOU IMAGINE ANY OTHER COMPANY RAISING ALMOST 2 MILLION DOLLARS AND THEN 4 YEARS LATER BRAGGING THAT THEY MADE $11,000.00/MONTH AS A PROFIT THAT MUST BE SHARED THROUGH DIVIDENDS AMONG 50+ SHAREHOLDERS? WHAT WORLD DOES FRANK LIVE IN? ITS BEEN ONE YEAR SINCE HE AUTHORED THAT SHAREHOLDER LETTER AND HIS FINAL THOUGHTS WERE THE FOLLOWING: Finally the healthier we become, we can then pay a dividend or take another run at the market this time with a profit and an organized method.

However this time we will trail a handsome profit which will induce investors to purchase and have brokers clamoring for our stock. WELL FRANK, ITS BEEN A YEAR AND YOU DONT LOOK HEALTHIERIN FACT, YOU LOOK RATHER UNHEALTHY. ALSO, IS THAT AN ORGANIZED METHOD AS OPPOSED TO THE UNORGANIZED METHOD THAT HE ALREADY TRIED? HE THEN GOES ON TO SUGGEST THAT THIS HEALTHIER STATE OF AFFAIRS WILL INDUCE INVESTORS TO PURCHASE WHICH IS IRONIC SINCE HE ALREADY INDUCED INVESTORS WITH FRAUD AND MISREPRESENTATION. ITS ALSO HIGHLY UNLIKELY THAT BROKERS ARE GOING TO BE CLAMORING FOR WECOSIGN STOCK SINCE ITS VALUELESS NOW AT .001 CENTS/SHARE. (SEE OCMARKETS.ORG TYPE IN WECS).

 Notice that everything Ive communicated here and elsewhere can be verified by anyone by going to County Recorder Orange County. You may also view his vast civil and small claims lawsuits by going to: www.occourts.org.  These are not unfounded accusations or hearsay from former disgruntled employees or disgruntled investors as Frank, Tara and Adam Jaffe would like you to believeno sour grapes here my friends. I have conducted a detailed investigation and extensive research into the business practices of Wecosign and specifically Frank and Tara Jakubaitis and have uncovered iron-clad evidence for everything that Ive stated.

I have not merely made assertions expecting you to believe my words; Ive provided documented proof. I DONT NEED TO ACCUSE JAKUBAITIS OF ANYTHINGHE ACCUSES HIMSELF WITH HIS OWN WORDS AND CONDUCT, IM SIMPLY POINTING OUT HIS DISHONESTY AS WELL AS HIS ASSININE REMARKS AND CONTRADICTIONS FOR YOU TO SEE FOR YOURSELF. By contrast, Jakubaitis in his several shareholder letters makes ungrounded dogmatic assertions that have no basis in fact. Notice that he does not and cannot provide any supporting documentation for anything he says. So much for his continued transparency.

Ive been told that Frank is not even giving his small claims appeals expert Adam Jaffe gas money for all the driving he does from Camarillo to Santa Ana to defend Wecosign and Frank in his many lawsuits against him.

Since Franks attorneys know how full of shit he is, it appears that he will soon be sued by his own law firms whichunder any other circumstanceI would have to say is distasteful but in Franks case, I frankly dont blame them.

cc: Knobbe Martens     
Horowitz, Cron & Armstrong     
The Dreyfuss Firm     
Morris & Stone     
Adam Jay Jaffe

This report was posted on Ripoff Report on 09/21/2012 05:00 PM and is a permanent record located here: http://www.ripoffreport.com/r/Wecosign-Inc/Laguna-Beach-California-/Wecosign-Inc-Frank-Tara-Jakubaitis-Wecosign-scams-OC-Law-Firms-Laguna-Beach-Frank-Jakub-944888. 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 0Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Individual responds

HERE WE HAVE THE INTERESTED INVESTORS, VERY EMOTIONAL PEOPLE

AUTHOR: Rich Leger - (United States of America)

HERE WE GO AGAIN : Here is what the atty fees are.;

kNOBBE Martens Olsen and Bear : Is owed  $ 357, 000.00, plus another $ 75, 000.00 for trademark work, (ie) WECOSIGN, and other marks. The primary reason for the largest invoice was for the Federal Lawsuit Brought against WECOSIGNUSA for stealing our trademark. These folks were collecting money in our name, and this invoice was the single largest invoice that crept up on us. The shareholders were informed by letter, however Notwithstanding,, kMO&B IS THE FINEST LAW FIRM IN THE COUNTRY and asked Mr. Frank Jakubaitis to personally gurantee the repayment of this money because they had no faith in WECOSIGNS SHAREHOLDERS to step forward and do so . Carlos Padilla did not gurantee it, Richard Leger did not, nor did David Serio step up. So the choice was that Frank Jakubaitis was asked and had no choice but to guranteed the money to continue the matter to a close. WECOSIGN does have a judgement agiinst the perpatrators for $285, 000.00, which is probably not collectable since they left  the State.

The DREYFUS FIRM : AMOUNT OWED : 30,295.00. This was to defend the unlawfull detainer filed by Carlos Padilla former employee a week after ghe was fired. The total amount paid to the firm previous to this was 59,000.00 to which the court refused to award the attorneys fees to Mr. Jakubaitis. This is a personal obligation and has nothing to do with WECOSIGN, or actually but for Padilla it would have never happened

Morris and Stone the firm is owed $ 12, 000.00 to date. This is for a law suit that was filed and encouraged by Carlos Padilla, his name is Steurt Titu, another personal friend of Carlos Padilla. The suit was brought aginst WECOSIGN and in the "corporate by laws" the corporation is required to ddefend and indemnify its officers and since I was personally served and sued along with my dog Jordon, the shareholders pay for it. Sorry shareholders ask Carlooser about it !

Adam Jaffe was paid 5,000,000 shares of corporate stock to act as corporate counsel,act is the  key word.. He then extended his credit cards for fees to an expense account. Adam just up and quit one day, and simply left all the cases to default or otherwise, leaving us in a real quagmyere. If he does not want the stock I wish he would simply return it. He's obviously complained about it to the other side. Im not certain anyone is home here

So the fact that they say its out of control is nonsense and rubbish. Lets add another $26, 000.00 for small claims actions encouraged by Padilla and friends and now this public forum you guys are really really emotional and twist a fact pattern better than any pretzel Ive ever seen. Now as an investor I would bring a class action against these idiots for ruining my stock investment. At the end of the day when the facts are played correctly we will see that Leger, Serio and Pdilla are noting more than lose cannons and mature idiot! They have no idea what it cost to run a business

Finally Im not certain how they gather thiis information, but my accountants are quick to tell me that they are now getting desperate and throwing mud at the innocent investors by bringing this public. The other comments are not worth responding to. Can we now get back ti business.
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