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Report: #1193216

Complaint Review: Crunchies Food Co LLC - Westlake Village California

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  • Reported By: Jim Lacey Scam — Phoenix Arizona
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  • Crunchies Food Co LLC 733 Lakefield Rd Westlake Village, California USA

Crunchies Food Co LLC Jim Lacey Westlake Village scam, ponzi, scumbag, thief, confidence man Westlake Village California

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Jim Lacey the CEO and President of Crunchies Food Company LLC, now known as Crunchies Natural Food Company LLC is nothing more than a scam artist.

The companies financial history and projections have been a complete fabrication. James Lacey took money from investors to grow the Company, but instead spent it on furthering his lifestyle and financing his sons lifestyles. I hear from employees that the sons seldom showed up for work, but still got paid full time wages and each were provided with Company cars, free gas, insurance, etc...

He would get new investors in order to pay the old investors that wanted a return...isn’t that a ponzi scheme? When the vendors he screwed over came looking for their collateral they offered him a deal to take over part of the company, repay some funds to investors and provide Jim Lacey with a percentage of the Company. Instead of taking the generous offer, he decided that bankruptcy was the best course, very ego driven! Thinking that the filing would kill the creditors claims, and he could buy it from BK clear of debt...but he couldn't raise the money, because he had burned everyone already! During this period he claimed it was a hostile takeover, ha! WHAT A BAFFOON!

He always acts ignorant and plays the victim...pretty typical for this type of guy. Jim Lacey lacks any level of business management skill, he may be a great salesman, but is utterly clueless in how to run a company. Too bad his ego is too large to realize his limitations. Let's hope Chaucer Foods (the new majority owner) quickly figures out this guys game and gets rid of him. It is a smart category to invest in, but deep due diligence is required, especially when dealing with a sleazy salesman. 

In hindsight I really do not know what I was thinking. When presented with the information on investing it seemed so solid. I know now that it was all bulls***. The international Costco order, the Sam’s Club, the every retailer on the planet is "clamoring to get Crunchies" speech, was just a bunch of bullshit. I feel stupid, and really my belief that most people are good is diminished. The family trust I was controlling lost a fraction of what some of the others lost. I on the other hand, lost my practice, my credibility, I may never recover. Thanks Jim!!!

Jim Lacey and his brainwashed privileged children will never...NEVER...understand the impact that their self centered "fark everyone" attitude has on people. If there is a higher power that punishes those that hurt others....the Lacey family is going to have a very challenging future.

I am working on trying to recoup some of the misappropriated funds, if you are in the same boat as me please let me know. Last I heard he was still at the helm of Crunchies with Chaucer watching over him. I cannot believe that a Company like Chaucer will not see through this guy pretty quickly and can his a**, and his arrogant brethren.

This report was posted on Ripoff Report on 12/04/2014 10:21 PM and is a permanent record located here: https://www.ripoffreport.com/reports/crunchies-food-co-llc/westlake-village-california/crunchies-food-co-llc-jim-lacey-westlake-village-scam-ponzi-scumbag-thief-confidence-1193216. 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. READ: Foreign websites steal our content

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