ED Magedson – Founder
ICMA-RC777 North Capitol Street, NE washington, Dist of Columbia USA
ICMA-RC icmarc Ponzi scheme?unaware management not interested in the companies problems, dishonest service reps, will say anything they think will get you off the phone washington dc
sep 16 I called icma to request the form I needed to close my account and be done with those people.was told the form would be mailed mon the 16, or first thing the 17th. Today is the 24th, nothing from icma in the mail. On the 19 I called again and was told they had no responsibility for the post office, they were vague as to whether the form was mailed. spoke with a rodney ford, wh said it may or may not have been sent. spoke with a my trembly who said the form was sent, but he would like my info to send another one(?)red flags went up, they were defendive, not open about the mailing, going from yes it was, to maybe, to 'we are not responsible for the post office
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Bob Glass, from the main icma number,the first people who you speak to, the lowestraked and paid I assume, as theirs is an entry level job, authorized a frd ex over night package.something the higher lever managers couldnt, or wouldnt do , when it became clear there was no form mailed, and they had backed them selves in a corner, with 5 different people lieing about it, they cant give in and admit they were trying to delay the isbursement, it s obvious they are, its not difficult to mail a form.
More important, is getting all the funds as I have become aware some people think icma does not have 100% of the cash they should have, due to some mismanagement, theft or something. Just not enough cash on hand to pay disbursements, so they play games like this delaying till the first , when client contributions are sent from the employers. Thats a ponzi scheme. even though they didnt start out to run a ponzi scheme, companies do make mistakes and refuse to live up to them and take the loss. I believe thats why icma is stalling and lieing about the form being sent, I ll wait, and see if the rumours are true, and on the first when icma gets money in, they will allthe sudden cheerfully allow me to have the form I need to close out my acct and be done with the clowns.
All Iwant is the money Iworked and sent in as a retirement account. to have icma pull this , no matter what there financial problems is terrible, and Iwill not roll over and abandon my account or let it be absorbed by icma no matter what. Avoid this company. Ill wait and see what terrible thing happened to fed ex that the form cant be delivered as bob glass claims. Im sure it will be something, like they forgot to put the form in the package or something. the lengths ICMA is going to not send me the form, and delay sends up numerous red flags. have also filed with the state atty general consumer div. maybe they can get a straight answer from icma
This report was posted on Ripoff Report on 09/24/2013 04:59 PM and is a permanent record located here: http://www.ripoffreport.com/r/ICMA-RC/washington-Dist-of-Columbia-20002/ICMA-RC-icmarc-Ponzi-schemeunaware-management-not-interested-in-the-companies-prob-1087068. 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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