• Report: #1008233

Complaint Review: princeton corporate solutions

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  • Submitted: Sun, February 03, 2013
  • Updated: Sun, February 03, 2013

  • Reported By: mike — New Jersey United States of America
princeton corporate solutions
Internet United States of America

princeton corporate solutions James Scott James Scott-Princeton Corporate Solutions ripped off over 700k in investor funds- HE IS A HUGE SCAM, Internet

*Consumer Comment: No one by that name

*Consumer Comment: James not in RENU now

*Author of original report: JAMES SCOTT-PRINCETON CORPORATE SOLUTIONS IS A MAJOR SCAM-BEWARE

*Consumer Comment: Do Legal actions count?

*REBUTTAL Owner of company: Management Response

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This guys goes by the name James Scott and owns a company called Princeton Corporate Solutions. His real name is James Brown from what the investigators have found. He claims to take companies public and raise all sorts of money when in fact he will just take your money and run.

I am one of 20 investors that got taken from this guy for a total of $700k between all of us. We have already contacted the SEC and district attorney's office and a major investigation has commenced. This may not get our funds back but they informed us that this guy will serve 20-25 years in prison when all is said and done. We will not give up until he either returns our funds or we see in an orange jump-suit.

 He also claims he is this big, rich hot-shot with government contacts that go all the way up to Washington D.C when in fact after our private investigation, no one has even heard of this guy. He is dead broke with multiple judgements pending against him and rents a 1400 square foot house in a low income family area.

I can back everything I am saying here if he tries to deny it and I can forward anyone interested with 20 investors full contact information to back everything I have just said. If you google his name James Scott from Princeton Corporate Solutions you will see that he writes tons of blogs on himself claiming it's someone interviewing him and it goes as far as claims that he is in the illumanati and stuff. 

Be very careful with him, he seems nice like every other scamster out there but this guy is A REAL SCAM ARTIST.

This report was posted on Ripoff Report on 02/03/2013 01:30 PM and is a permanent record located here: http://www.ripoffreport.com/r/princeton-corporate-solutions/internet/princeton-corporate-solutions-James-Scott-James-Scott-Princeton-Corporate-Solutions-ripped-1008233. 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:
1Author 3Consumer 1Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

No one by that name

AUTHOR: Aubrey - ()

I think there is a big mistake here....

I wosk at RENU and there is no one by this name. Remember, RENU was recently bought by PriceWater Firm and we did not see anyone by this name involved at all.

Regardless, I would advise people not to get personal on the internet. There are proper channels through which this can be resolved. Its just a waste of time posting anonymously. If you need any info, feel free to respond. 

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#2 Consumer Comment

James not in RENU now

AUTHOR: Simon - ()

It's a dilemma that small and medium-sized businesses across the country encounter. They want to access ample capital to grow, but they don't want to surrender majority control. An IPO can serve as an ideal solution for many of these firms, yet that is a detailed process that requires the assistance of well-connected and trusted experts, which is why Princeton Corporate Solutions Inc. is thriving. The company president and CEO James Scott has written a handbook for firms that are going public or expanding titled, "Taking Your Company Public, A Corporate Strategies Manual."

Scott's book, which is published by New Renaissance Corporation, will be released on April 18 and is available at Amazon.com and NewRenaissanceCorporation.com.

Founded by Scott in 2000, Princeton Corporate Solutions performs IPO and globalization strategies consulting. The firm facilitates IPOs, international expansions, full corporate structuring and dual listings for companies of all sizes.

 

SO YOU ARE WRONG !!

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#3 Author of original report

JAMES SCOTT-PRINCETON CORPORATE SOLUTIONS IS A MAJOR SCAM-BEWARE

AUTHOR: mike - ()

You do not have to follow any bouncing ball. I can supply anyone who is interested with names and phone numbers of every investor who got scammed by this guy. This guy goes by multiple names and claims that he is a political strategist and corporate strategist. LOL. All he does it write blogs online to cover up all the pages of people that write he is a scam artist. It's the oldest trick in the book....just keep writing bull-crap articles online about topics he has no experience, in order to cover up the top of google pages. I have met a lot of people who have done or considered doing business with him and every single person has the same thing to say. He is a complete MORON. 

Like I said I can supply anyone with names and phone numbers of 20 investors he scammed. I can also supply you with the SEC agents name and phone number as well who is on his case. Someone also told me their is an FBI Agent contact as well but I do not have that one.
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#4 Consumer Comment

Do Legal actions count?

AUTHOR: jsilva - ()

http://dockets.justia.com/search?q=Princeton+Corporate+Solutions  Mr. Scott has directly taken investment capital from numerous individuals and most likely continues to do so. There is a fairly lengthy list of investors who were taken advantage of and the SEC filings are available for all to see. Just look at Shaka Shoes and the Renuen merger. www.otcmarkets.com look at filings for RENU and simply follow the bouncing ball back to Mr. Scott's actions with this one shell.
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#5 REBUTTAL Owner of company

Management Response

AUTHOR: Princeton Corp - (United States of America)

Ahh yes, what would companies do without the obligatory ripoff entry from an agenda driven individual and competition hiding behind the mask of fake names and the internet. It never ceases to amaze us how websites such as this one, through an unregulated vehicle like the internet creates such a platform for defamation without consequence. One can be a convicted felon or drug addict leading a sex cult in an underground bunker, write a few blog posts on a high PR site and within seconds the lie becomes real. It would be laughable, if it werent so pathetic. But this unfortunately is the age we live in. All it takes is one defamer, a few different IP addresses and you can say anything negative about anyone with complete anonymity. 

NEWS FLASH:  PRINCETON CORPORATE SOLUTIONS DOES NOT TAKE ON INVESTMENT CAPITAL FROM PRIVATE INDIVIDUALS . . . EVER!  Princeton Corporate Solutions funding referrals are institutional only and exclusively post public. Therefore the entire basis for this fraudulent claim crumbles in on itself. But allow us to continue.

Anyone that knows anything about our company knows that we offer more free services than virtually any company out there. We offer free eBooks to educate CEOs and executives on all areas of corporate strategy.

We offer free audio book downloads on topics such as: 
Regulation d rule 504, 505 and 506
Creating scalable corporate structures
Growing with Government Contracts
How a ceo can build their executive pedigree
 How to hire a senior executive
Corporate PR strategies
Corporate globalization for growth
How to create a powerful business plan and much more

We do this because we know there are some businesses with a great idea that contact us who cannot afford the services of a strategies consultant, but we still want to help them. When people call us we take our time on the phone to listen to them and help steer them in the proper direction without even having to hire us. 

With the collapse of the economy, the financial situation for entrepreneurs has become dyer. As the economy has worsened we have made every effort to put out even more free educational material and this, by default has given us more market share which has enraged those that consider us their competition. We offer for free what other companies charge thousands of dollars for and because of our natural search engine relevance, its easy for companies to find our free educational material which again has enraged our self-proclaimed competitors as theyve lost revenue because of the free access that entrepreneurs have because of what weve made available. 

Sometimes clients come on with us after expressing the financial ability to do so only to be able to fund part of the process therefore we cannot continue the process until their situation improves.  We always offer favorable financing to our clients so that hiring us does not hinder the day to day running of their corporation. We want the action of hiring us to be an asset, not a burden to the client so we almost always customize a payment program where we will perform the work based on monthly payments so that a sincere client can afford to get their company to the next level. 

Weve had companies that we took public that, because of our relaxed invoicing and no pressure attitude, did not even give us our equity distribution in the company even after we took them through the entire process. Anyone that knows anything about our company is that we only charge basic cost in the going public process and we make our revenues on the modest equity we are distributed in the client company. This has hurt us financially in the past. 

Weve even participated in facilitating reverse mergers and helped manage the process while the company is trying to find executive management to run the company and due to the change in business model our minimized involvement weve issued our stock back to the treasury of the public company so they could use that stock for mergers and acquisitions. Were not trying to stand out for this as many consultants do this as a strategic move so they can move onto other projects as opposed to being tied down to one that is no longer going down the path we initially signed on for.
We, just as many in this industry, are seasoned and innovative with helping clients get things done by exposing them to new processes and strategies, but no one has the ability to magically read the market. 

We work with many companies that are growing through mergers and acquisitions and we have participated in pre-public strategies at the PPM level with roll up efforts before and one time we and our alliances could not move forward with the process due to the crumbling economic situation. 

Sometimes unfortunately this happens in rollup efforts that is why the group of alliances we participated with, just as other responsible companies will use the Regulation D 504, 505 or 506 protection (protecting with full disclosure, both the corporation and the investor) of the securities act of 1933 by using a private placement memorandum to expose every conceivable risk to the point of meticulous redundancy to let the accredited investor know that there are countless risks with investing and they should only do so if they have the liquidity as a true accredited investor. Unfortunately some people are not forthcoming with their financial suitability and lie about their financial and asset liquidity.

Of course in general, an organization must always try to investigate every investor in a transaction, but unfortunately sometimes an individual can slip through the cracks as they tell a very convincing story about their financial suitability and can even produce fraudulent credentials demonstrative of an accredited investor profile.

We know who the individual is who wrote this and this person will almost certainly post countless additional entries under different names. While this individual has all day to fabricate stories in order to randomly sabotage reputations. Our company will only respond to this defamation once. Lets face it this is the internet and this site just as many are completely unregulated and people can concoct fictitious scenarios with absolute anonymity.  Wait, did he actually say illuminati? Youve got to be kidding. Werent you the guy on that show Doomsday Preppers storing up cans of chili and cat food for the Zombie Apocalypse.
Gotta love the internet!
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