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Report: #1263506

Complaint Review: Steven M Repetti - Hendersonville Tennessee

  • Submitted:
  • Updated:
  • Reported By: Frank C — Tennessee USA
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  • Steven M Repetti 3560 Tyree Springs Road Hendersonville, Tennessee USA

Steven M Repetti Steve Repetti, Steven Repetti, Steven Michael Repetti Sr.. Steven Michael Repetti. Steve Repetti Sr.. Radweb Technologies, Inc., Radweb Technologies, Radweb Tech, Radweb, RadWeb Technology Partners, RadWebTech5G/Fifth Generat Serial Fraud - Incompetant Software Developer - Convicted Felon - Hendersonville Tennessee

*Consumer Comment: Steve Repetti's Most Well Known & Publicized Fraud

*Consumer Comment: Just so there is no confusion about who this individual is, here is a link to Steve Repetti/Radweb Technologies LLC's LinkedIn Profile

*Consumer Comment: Steve Repetti is a Fraud!

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Before you partner with, invest in, hire, do business with or befriend Steve Repetti you should read this, do you own research into Steve Repetti.

Other known addresses for Steve Repetti.

 

  • (((redacted))), PLANTATION, FL, 33324
  • (((redacted))), FORT LAUDERDALE. FL 33301

#1 Repetti passes himself off as an "investor"

But nothing can be farther from the truth.  He owes millions to the IRS and others for unpaid taxes and numerous judgements stemming from fraudulent investments.  Florida, California, Maryland, DC.    Just start searching in Palm Beach and Broward County for Steven M. Repetti with DOB 08/07/1960 or CrunchFire

Search in Palm Beach County for Steve Repetti and Crunchfire Ventures.. He's being sued by his own partners in CrunchFire and by other local investors.

Seems that everything he touches eventually fails.


#2: Steve Repetti has a criminal record

Fraud, bounced checks, Conversion. I attached just one case where he pleaded guilty to the Felony but there are dozens more.

http://casesearch.courts.state.md.us/casesearch//inquiryDetail.jis

Search for Steven M Repetti. 

#3 Remember that he's a felon

Steve Repetti is/was listed a Director and the software architect of a Tennessee company called Agisent Technologies.  This company has access to FBI data..  It's illegal for a felon to have access to that.  Either Repetti failed to disclose or lied on the affadavit.

The State of Tennessee has PUBLIC MONEY in Agisent!

#4: Tax Liens, Judgements

WOW - Just search for tax liens for Steve Repetti or any of his companies.

 

#5: He kills companies

Talk to LevelRe, Play2Shop and other South Florida companies about him.  He kills companies.

Please consider doing some reporting on this.  The public records are there and if you start connecting the dots you'll see that this person is a sociaopath predator and criminal.  He's a serial killer of companies!

Talk to the attorney that represents his current partners in the lawsuit against him.  His name is Richard Jarolem  rjarolem@traublieberman.com  or Main: (561) 848-8300

#6: He doesn't pay his debts

Pull a credit report or better, just check the public records.  He is a serial deadbeat that doesn't pay his debts.

#7: He's an shiftless grifter

Maryland, Washington DC, California, Louisiana, Florida, Tennessee.  Seems that when things get too dificult for him to commit his grifts and fraud he moves to another State.

 

This report was posted on Ripoff Report on 10/25/2015 07:39 AM and is a permanent record located here: https://www.ripoffreport.com/reports/steven-m-repetti/hendersonville-tennessee-37075/steven-m-repetti-steve-repetti-steven-repetti-steven-michael-repetti-sr-steven-michael-1263506. 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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#3 Consumer Comment

Steve Repetti's Most Well Known & Publicized Fraud

AUTHOR: Muckracker - (USA)

POSTED: Thursday, May 19, 2016

Steve Repetti's Most Well Known & Publicized Fraud

AUTHOR: Muckracker - (USA)

SUBMITTED: Wednesday, May 18, 2016

During 2006-2008 Steve Repetti as the CEO of BRT systematically engaged in fraudulent activities that included massive tax evasion, misuse/theft of shareholder funds, denying shareholder rights, denying debt instruments, lying under oath in a Broward County Court and yes even more outrageous acts.

As a result, the shareholders of BRT were able to Obtain a Court Order from Carole-Lisa Phillips that removed him immediately as an Officer & Director of the Corporation. Unfortunately for the Shareholders the damage had already been done and they lost $$$$millions of dollars of invested capital.

Steve Repetti inkedin.com/in/steverepetti managed to survive this scam to pursue many others in the time that has passed. More on that at a later date.

This is a link to the Court Order:

https://en.wikipedia.org/wiki/File:Steve_Repetti_Court_Ordered_Removal_As_Officer_%26_Director_of_BRT.pdf

 IN THE CIRCUIT COURT OF THE 17TH JUDICIAL CIRCUIT IN AND FOR BROWARD COUNTY, FLORIDA

CASE NO.: 08-19110 (25)

DOLORES MILLETTE, individually and derivatively on behalf of BRT HOLDINGS, INC., a Delaware Corporation, BRT Services, INC., a Delaware corporation, f/k/a RILEY HARPER & SONS, LTD., on its behalf and derivatively on behalf BRT HOLDINGS, INC., a Delaware corporation,

Plaintiffs,

vs.

BRT HOLDINGS, INC., a Delaware corporation, and STEVEN M. REPETTI, Individually,

Defendants,

_______________________________/

 

ORDER ON PLAINTIFF’S AMENDED EXPEDITED VERIFIED MOTION

TO APPOINT RECEIVER CUSTODIAN OR PROVISIONAL DIRECTOR

AND PLAINTIFFS’ VERIFIED EMERGENCY MOTION FOR

TEMPORARY INJUNCTIVE RELIEF


THIS CAUSE having come before the court on July 11, 2008, September 5, 2008, and October 1, 2008, upon the Plaintiff’s Amended Expedited Verified Motion to Appoint Receiver, Custodian, or Provisional Director and Plaintiff’s Verified Emergency Motion for Temporary Injunctive Relief, and the Court having considered the evidence and arguments presented by the parities, finding sufficient grounds for the entry of the order and otherwise being duly advised in the premises, it is hereby Ordered and Adjudged:

 000541 CASE NO.: 08-19110 (25)

 Findings of Fact

1. This Court has jurisdiction over the corporation BRT Holdings, Inc. a Delaware corporation, and may exercise judicial authority over its affairs and assets given its qualification as a foreign corporation doing business in the State and that its corporate offices and assets are maintained within this jurisdiction.

2. Plaintiffs bring their Verified Motion to Appoint Receiver, Custodian or Provisional Director seeking appointment of a custodian pendent lite pursuant to Florida Statutes § 607.1430 & 607.1434(a). These provisions allow for the judicial appointment of a custodian where a shareholder or group of shareholders in a corporate of 35 or fewer shareholders show that the corporate assets are being misapplied or wasted, and have caused material injury to the corporation, or where the directors or those controlling the corporation have acted, are acting, or are reasonably expected to act in a manner that is illegal or fraudulent. Florida Statute § 607.1430. A custodian pendent lite “may exercise all of the powers of the corporation, through or in place of its board of directors or officers, to the extent necessary to manage the affairs of the corporation in the best interests of its shareholders and creditors.” Fla. State §607.1432(3)(b) Plaintiffs also bring their Verified Motion for Temporary Injunctive Relief seeking to enjoin Defendant Steven Repetti from undertaking any corporate acts on behalf of the Defendant BRT Holdings, Inc., including the sale or transfer of funds or assets, the sale or issuance or creation of shares, the taking of any new loans, undertaking of corporate acts or decisions by written consent, or ratification of prior corporate acts or decisions by written consent.

3. The Court having carefully weighed and considered all the testimony, including deposition testimony, and exhibits in evidence, finds that the Plaintiffs are entitled to relief under Florida Statutes § 607.1430 and have made the requisite showing that under the direction and control of Defendant Steven Repetti, the assets of Defendant BRT Holdings Inc. are being misapplied or wasted, and finds as follows:

a. Under Mr. Repetti’s exclusive control, Mr. Repetti transferred substantial assets of the corporation to a corporation that he formed, Fifth Generation Systems, altering the corporate purpose of BRT Holdings Inc., from an insurance administrative services and insurance software development company to a holding company with no accounts or income, and that Mr. Repetti did not provide notice to any of BRT Holdings Inc.’s shareholders other than Edwin Millette, Jr.

000542

CASE NO.: 08-19110 (25)

b. Mr. Repetti disregarded numerous corporate formalities and the rights of the shareholders and denied their shareholder status or their right to notice of corporate actions.

c. Mr. Repetti acknowledged the difficulty in determining the equity interests of all the shareholders after many years of failing to adequately document their interest.

d. From 2002 until 2007, Mr. Repetti continued the practice of not paying employee payroll taxes resulting in a $1.7 million corporate liability for taxes and penalties.

e. From 2002 until May 31, 2008, Mr. Repetti withdrew more than $500,000.00 in funds from the corporate accounts for personal use without seeking shareholder approval.

f. Mr. Repetti has sold substantial assets of BRT Holdings Inc., its stock in Fifth Generation Systems, without notice to shareholders or shareholder approval other than Edwin Millette Jr. In 2007, when BRT Holdings Inc. had no income, except from the sale of these assets, Mr. Repetti borrowed more than $120,000.00 in unpaid sums from the corporate account without seeking shareholder approval. Mr. Repetti claimed in his testimony that he was the majority shareholder and was authorized to take such actions.

g. Without seeking shareholder approval in related litigation, Mr. Repetti rejected a pre-trial offer by Affirmative Holdings to “walk away” from the trial and not to pursue a claim for monetary sanctions against BRT Holdings Inc. approved by this Court for Mr. Repetti’s discovery misconduct in that litigation. Without seeking shareholder approval, Mr. Repetti pledged the remaining assets of BRT Holdings Inc., its stock in Fifth Generation Systems, to his counsel to cover the attorney’s fees in the Affirmative trial. Mr. Repetti’s corporate authority to transfer or encumber these assets was the very subject of the Plaintiff’s pending motion for injunctive relief.

h. Mr. Repetti instructed the corporate accountant to without general ledges when BRT produced tax returns and financial statements to Plaintiffs under Florida law.

Conclusions of Law

4. The Court hereby removes Steven M. Repetti as an officer and director of the corporation until such time as this Order is amended, modified, or vacated. To the extent that Steven M. Repetti currently serves as BRT

CASE NO.: 08-19110 (25)

Holdings Inc.’s representative before any other corporation, including but not limited to, Fifth Generation Systems Inc.’s Mr. Repetti shall resign that position and shall not hold himself out as a representative of BRT Holdings to third parties pending the outcome of this litigation and the report and recommendation of the custodian as outlined below.

5. The Court hereby appoints Dolores Millette, Edwin Millette (also known as Edwin Millette Sr., Daryl Polenz, and an independent custodian, Edward Pozzuolli Esq 954-525-7500 as the Custodians and provisional directors pursuant to Florida Statutes § § 607.1432 and 607.1435, respectively.

6. The custodians are empowered to exercise all of the powers of the corporation through or in place of its Board of Directors or officers to the extent necessary to manage the affairs of the corporation in the beset interest of the shareholders and creditors.

7. Mr. Repetti shall turn over all corporate records in his possession, custody, or control wherever located including any and all documents relating to corporate governance and shareholder interests and all documents pertaining to the assets, accounts liabilities, promises, or obligations of BRT Holdings Inc., to the custodian within five (5) days.

8. The Court hereby specifically empowers the Custodians to take the following acts, but without limiting other acts:

a. Assess and make recommendations regarding the proper allocation of shares of stock over the court of the life of the corporation to date;

b. Identify and locate all corporate assets and liabilities, and if possible, appraise or assess as may be reasonably determined;

c. Review of all internal accounting records of the corporation wherever located and to make a determination of the current fiscal status of BRT. The Custodians are further empowered to recommend to the Court and BRT Holdings Inc.’s shareholders to take all action necessary to recover those funds or assets. Any action, compromise, settlement, or release must be properly noticed and approved by both the corporation and this Court;

d. Review and assess the corporation’s relationship with Fifth Generation Systems Inc., including a review of all of the corporation’s rights under the assignment and assumption agreements and related agreements, to assess the corporation’s standing under the agreement and the software license to BRT

 

 

000544

CASE NO.: 08-19110 (25)

Holdings thereunder and to demand performance of any aspect of the agreements;

e. To determine extent of the ownership interest of the corporation in Fifth Generation Systems Inc.,

f. The Custodians empowered to evaluate and assess what rights BRT Holdings Inc. has, if any, in regards to placing a representative on the Board of Directors of Fifth Generation Systems Inc.

g. In furtherance of the custodian’s duties and powers set forth herein, the custodians shall represent the corporation in its dealings with third-parties including but not limited to legal and accounting professionals, creditors, and the officers and directors of Fifth Generations Systems Inc.

9. The Custodians shall report to the shareholders and this Court its findings and recommendations as to the aforementioned matters within sixty (60) days.

10. The Custodians shall serve without bond. The independent Custodian shall be compensated for his/her time on a monthly basis upon approval of the Court as to the reasonable of the expenses. Until such time as corporate assets are located that can be applied towards compensation of the custodian, Plaintiffs, shall be solely responsible for the expenses of the custodian as approved by this Court.

11. The Court reserves jurisdiction to modify or vacate this Order.


DONE and ORDERED in Chambers, in Fort Lauderdale, Broward County, Florida, this ________day of October, 2008.

CAROL-LISA PHILLIPS OCT 28 2008 A TRUE COPY

______________________________________________ JUDGE CAROL-LISA PHILLIPS


Copies furnished to

Keith T. Grumer, Esq. (Keith T. Grumer shall distribute a copy of this Order to all Defendant Shareholders of BRT Holdings Inc.) James Sparkman, Esq.

000545

 

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#2 Consumer Comment

Just so there is no confusion about who this individual is, here is a link to Steve Repetti/Radweb Technologies LLC's LinkedIn Profile

AUTHOR: Muckracker - (USA)

POSTED: Saturday, May 14, 2016

Just so there is no confusion about who Steve Repetti & Radweb Technologies LLC are, here is a link to Steve Repetti's LinkedIn Profile linkediincom/in/steverepetti

To the best of my knowledge everything in this report and more is true.

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#1 Consumer Comment

Steve Repetti is a Fraud!

AUTHOR: Recent Victim - (USA)

POSTED: Thursday, April 21, 2016

Unfortunately, everything in this Ripoff Report about Steve Repeti is 100% true!

 

I have first hand knowledge of the fraud and deception perputrated by Mr Steve Repetti. My investors lost over $500k due to Steve Repetti's fraud and misrepresentations. As you might expect, when we realized we were being ripped off we considered pursuing litigation against Mr Repetti. so, we started to do some research on his background and potential assets.

In hindsight, we probably should have done this before doing business with Steve Repetti, it would have saved us a tremendous amount of money and aggrivation.

If you do a Google search for Steve Repetti, you will find lots of websites and videos that seems to support his claims of being an experienced technologist and a start up investor with over 20 years experience launching new tech start ups. Well, like all good con artists, he talks a good game, but nothing could be further from the truth.

After digging a little further, it became clear that Steve Repetti is a very bad dude. He has numerous judgements against him from other litigants who sued him. He has numerous tax liens and other judgemnets from the IRS. He has not paid a dime to either and therefore, he knows he is in essence "judgement proof" from any future litigation. That is why he will say or do anything to meet his end goal despite any litigation repercussions...just ask his current partners of Crunchfire Ventures.

I could go on and on, but the moral of the story is DO NOT DO BUSINESS WITH STEVE REPETTI....you will regret it!

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