• Report: #1078673

Complaint Review: Clement

  • Submitted: Sat, August 24, 2013
  • Updated: Sat, August 24, 2013

  • Reported By: MMT — Mt. Clemens Michigan
Clement
14350 N Frank Lloyd Wright Scottsdale, Arizona USA

Clement Anderson aka Clem Anderson dba Dakota Holdings, LLC Rip Off Loan and Funding Scam Scottsdale Arizona

*REBUTTAL Owner of company: Exposing the lies !

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My company sought out private lender financing as a bridge loan prior to obtaining a conventional loan from a bank.

Through what we thought was a reputable broker, we were introduced to Clement Anderson (aka Clem Anderson) and a company he purported to own called Dakota Holdings, LLC.  We provided Clem Anderson with more than $20,000, in advance, for expenses associated with due diligence associated with the prospective loan.  He traveled to Michigan to view the businesses that were designated for the funding and properties that would have been used to secure the loan.  

His travel was the only arguable "expense" he incurred.  We encouraged him to get title work on the properties with the funds that we provided to him.  He did NOTHING else.  Rather, he sat on our money, was difficult to get in touch with (always in the "mountains" where his phone didn't work), created unreasonable demands to funding and blew the deadlines in our contract.

Our contract provided for a FULL REFUND of the deposit, less actual expenses, if certain conditions were not met.  Those conditions were not met. Clem Anderson refused to return the deposit.  We are currently suing Dakota Holdings, LLC (which doesn't even seem to be a registered company in Arizona) and Clement Anderson in Michigan for, among other things, FRAUD.

I don't believe Clem Anderson ever had the intent, or ability, to fund the loan.  Otherwise he would have engaged in due diligence with the money we gave him (title work, legal, etc.).  He made sure he kept as much of the money he could while putting on a decent show (traveling to Michigan, etc.) to make it appear as though he wasn't pulling a scam.  Now he has our money and we have a lawsuit.  

While investigating the lawsuit, we discovered that Clem Anderson has had multiple "funding" companies and even was mentioned in a Rip Off Report (had to dig deep for that one because it was related to a different company than we thought we were working with).  I hope this report cautions anyone to reconsider doing business with Clem Anderson, Dakota Holdings or any company he is associated with.  Had we known, we would not have given him a dime.  

BE WARNED... CLEM ANDERSON ripped us off, you may be next!


This report was posted on Ripoff Report on 08/24/2013 09:16 AM and is a permanent record located here: http://www.ripoffreport.com/r/Clement-/Scottsdale-Arizona-85258/Clement-Anderson-aka-Clem-Anderson-dba-Dakota-Holdings-LLC-Rip-Off-Loan-and-Funding-Scam-1078673. 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:
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Updates & Rebuttals

#1 REBUTTAL Owner of company

Exposing the lies !

AUTHOR: David - (USA)

Says the one who has their hands dirty already. Check these out -

Firstly let's address the fake internet postings from Garrison/IntaCapital aka ScammerTracker aka SeattleVet. 

We are a United States based company so our level of disclosure and transparency is greater than Switzerland. Our Director, which has been referenced in their posting on this site, is currently affiliated with a United States Federally Insured, Publicly Traded Bank, with billions in assets. They don't hire fraudsters or conmen - Check out the requirements to obtain a United States Federal-Chartered designation. No one from Daniel Terry or his cohorts could ever pass the background check. In comparison to a United Stated Federally Chartered bank, Garrison/IntaCapital is a broker without its own money. This also stated in their small print disclaimers. They solicit High-Net Worth individuals in the attempt to broker introduction to Swiss Banks. Clients have very little financial recourse against such an entity in Switzerland. 

Garrison/IntaCaptial just recently reactivated their Garrison website. It was previously taken down. They are no longer located at Batiment Banque National Suisse Rue de la Paix 6 Ch-1003 Lausanne Switzerland. The investigations over the last 3 years have severely crushed their business financially. But, we suspect they never really had a business just a fraud scheme to pay expensive overhead. 

Secondly let's address the lies posted on Garrison/IntaCapital website titled Postings. 

Garrison/IntaCapital reconstruction of events on their website posting as it relates to a Danish developer is filled with lies. Garrison/IntaCapital stole money from this Client. They accepted this clients application as approved, and then requested 150,000 Euros to pay for processing the deal on behalf of their "confirmed investor". The money that was released was in a US based escrow company. Therefore, there exists 3rd party verification of contracts and wire transfers that were executed and issued as part of Garrison/IntaCapital fraud scheme. 

Lawyers, UBS and Credit Suisse bankers ultimately discovered that Garrison/IntaCapital never had an investor. When the Client officially requested his money back, they agreed (Client has written proof of this agreement), but they never did so. He and our Director traveled to Switzerland and met with Paul Jordan and Swiss authorities on this matter for 2 days. Daniel Terry was conveniently absent and Jason Mitchell, their Director of Business Fraud, hide in his office during the entire meeting. On the website, they state that invitations were offered to meet in their office and we refused. Once again, we have travel itineraries, phone records, and Switzerland police, Vaud, Lausanne records to refute this claim. 

A few months later Garrison/IntaCapital requested arbitration via the ICC in Geneva to avoid court. They knew they had no case or evidence to stand on to fight our fraud charge. Unfortunately, the ICC dropped the arbitration filing because Garrison/IntaCapital was not able to pay the $10,000.00 filing fee. This is also documented. They probably knew they didnt have the money and used this as a stalling tactic. In the end, the Client never got his money. He decided to file fraud charges with Swiss law enforcement agencies and the FBI. We paid the Client our referral fee that was paid to us by Garrison. Once we discovered that they were involved in a fraudulent scheme we paid the client the money. The client never paid us any money since the transaction was never completed and more importantly the Client lost money on the deal due to Garrison/IntaCapital fraud! On their website they state that we charged the Client large fee which is another orchestrated lie. 

Lastly let's address why the statements made on this post should be investigated.

All information concerning this matter can be verified and referenced by ICC letters issued to the Client's attorney, contracts issued by Garrison/IntaCapital, court filing documents, emails, and bankers from several prominent banks in Switzerland. In addition, more verification of their fraud enterprise can be evidenced by many more clients and law enforcement and legal filings against Garrison/IntaCapital.

Garrison/IntaCapital may be operational for now but their days are numbered. Lies will not set them free. We prefer not to trade further internet rebuttals to their fake postings but to just post evidence online concerning their fraudulent enterprise. If they continue to post lies to misdirect, we will do just that. Facts and Evidence is on our side and not theirs!

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