phoenix global funding inc global business funding, gb funding, richard klingensmith took money pretending to put in investment portfolio. after getting the money, he started avoiding communications. he signed an agreement to return the money but almost 1 year and nothing. parker, Colorado

In March, 2011, Richard Klingessmith asked for processing fee for a guaranteed loan amounting to $8 Million. The company claimed to have a funding portfolio that can be made available by April, 2011. After receiving the processing fee, he made excuses about the availability of the fund and claimed that there is another opportunity available and being processed so we just have to wait for a while. Time passed and it was either he cannot be reached or excuses after another.

To-date, we have not received any funding, refunds, etc. We have discovered a number of people scammed by him already and are building a case against him already. Any party victimized by him, please call the authorities immediately.