• Report: #949060

Complaint Review: Ken Kinnie

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  • Submitted: Mon, October 01, 2012
  • Updated: Thu, November 29, 2012

  • Reported By: GTCnotReal — Scottsdale Arizona United States of America
Ken Kinnie
Pacesetter Road scottsdale, Arizona United States of America

Ken Kinnie AFC(Asian FInance Corp) , GTC(GLobal Technology Centers) How many have lost money waiting for the trading program or the loan for billions to come in? scottsdale, Arizona

*UPDATE EX-employee responds: It is a shell game

*Consumer Suggestion: GTC Vision and Performance

*Consumer Suggestion: GTC Vision and Performance

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Unfortunately it's taken time for this catch up to Mr. Kinnie. Ponzi is one way to put it. I know of hundreds of thousands of dollars have been borrow or invested waiting for  the funding event which has been in process for 10 yrs. I/We could go on for days on the integrity issues. When family members move away saying there is an issue then you know it's time to investigate. Hopefully the right folks will read this and ask more questions.

This report was posted on Ripoff Report on 10/01/2012 09:50 AM and is a permanent record located here: http://www.ripoffreport.com/r/Ken-Kinnie/scottsdale-Arizona-/Ken-Kinnie-AFCAsian-FInance-Corp-GTCGLobal-Technology-Centers-How-many-have-lost-mon-949060. 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 3Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE EX-employee responds

It is a shell game

AUTHOR: worked in office with GTC - ()

I was recruited to put together tthe HR department for Ken Kennie and GTC. I worked in the same GTC office for 7 months and I can easiely say Ken is running a shell game. I watched him send out emails with information that "the funding of the project has been approved". When I asked to talk with any of the "funders" it all fell a part. I watched Ken and Pauline schred paperwork from his other past money sceem "The hydro-electric power plant in China that his wifes family was a part of". This one also had a bunch of side investers who were never paid back.

I even sat in a meeting with an invester group "The Black Swan" where I listened to Ken make up a story about how the funding had been approved and the bonds just needed to be converted and approved by the FBI.

This guy did not develop or create the plan for GTC as the concept had already been developt in CA and TX. What Ken did was talk some investors into put money in, then once they did, they were the people who really worked and created the plan and any other important supporting information that Ken would use latter to get other to invest. One note: Once he recieved a check from an investor and then cashed it, went over to his son's private school and paid for the school, he was very behind in the payment, and then took everyone in the office out for a big lunch.  

Visionary....not unless you think a visionary is a person who talks people into giving him money stating "we are funded, we just need a little cash right now to get us to the first round by the end of the month". 

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#2 Consumer Suggestion

GTC Vision and Performance

AUTHOR: AZInvestors - (United States of America)

I am a related party in that I have invested money in this venture but could NOT disagree more with the information provided in the referenced report. While I am equally frustrated with the status of GTC, I believe that Mr Kinnie is a visionary and entrepreneur and has offer a global business and model that can change Global Trade and connect two of the worlds largest consumer markets.  In my review GTC has been at this venture more more than ten years and several of the principals that I have personally talked with clearly understand the impact this venture can have on tens of thousands of lives. And while they have not done things perfectly the world markets change and I have personally talked with various airport officials, Sacramento Developments Groups and other investors that share or have confidence in this business opportunity.

While I cannot speak to all accounting practices, they have been conservative and much of the business model has been developed and validated by industry experts that I have spoken with and Mr Kinnie has provided me direct access to those personnel. I have visited the office several times  and was met without reservation. I find it ironic that such comments are arbitrary, vague and are meant to provide deflamatory information when no substantive information is provided.  Had investors like me lost money in the stock market, you look at the decision making and move on yet in this case a management group has invested more than a decade in this venture and the opportunity remains viable. This venture supports jobs, commerce, global market opportunities and is embraced by many state and government agencies that have had full disclosure. I would encourage any party to ask informed questions to the Company as I have every confidence they will address those issues in a responsible manner.   I am hopeful that this vision is allowed to blossom and I support this venture without reservation.  
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#3 Consumer Suggestion

GTC Vision and Performance

AUTHOR: AZInvestors - (United States of America)

I am a related party in that I have invested money in this venture but could NOT disagree more with the information provided in the referenced report. While I am equally frustrated with the status of GTC, I believe that Mr Kinnie is a visionary and entrepreneur and has offer a global business and model that can change Global Trade and connect two of the worlds largest consumer markets.  In my review GTC has been at this venture more more than ten years and several of the principals that I have personally talked with clearly understand the impact this venture can have on tens of thousands of lives. And while they have not done things perfectly the world markets change and I have personally talked with various airport officials, Sacramento Developments Groups and other investors that share or have confidence in this business opportunity.

While I cannot speak to all accounting practices, they have been conservative and much of the business model has been developed and validated by industry experts that I have spoken with and Mr Kinnie has provided me direct access to those personnel. I have visited the office several times  and was met without reservation. I find it ironic that such comments are arbitrary, vague and are meant to provide deflamatory information when no substantive information is provided.  Had investors like me lost money in the stock market, you look at the decision making and move on yet in this case a management group has invested more than a decade in this venture and the opportunity remains viable. This venture supports jobs, commerce, global market opportunities and is embraced by many state and government agencies that have had full disclosure. I would encourage any party to ask informed questions to the Company as I have every confidence they will address those issues in a responsible manner.   I am hopeful that this vision is allowed to blossom and I support this venture without reservation.  
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