- Report: #944888
Report - Rebuttal - Arbitrate
Complaint Review: Wecosign Inc.
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
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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 s**t 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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