• Report: #193498
Complaint Review:


  • Submitted: Fri, May 26, 2006
  • Updated: Fri, May 26, 2006

  • Reported By:CRESTWOOD Kentucky


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Alliance Acquisitions Associates are scamming 100s and possibly 1000s of small business owners coast to coast with a bogus contract designed to rip off $ 1000's of dollars of YOUR hard earned money. The perpetrators of this scheme are none other than the CEO of the company RANDY HICKS and the COO TED MARIOTT who also has his wife Lucy on the payroll as a top "exceutive" as well. AA has been fined for spamming e-mail and is now a well known name being investigated and microsoped by local, state and federal agencies due to the overwhelming dissatisfaction of its many clients. We believe that of the 1000s of clients that AA represents taht only ONE business transaction has actually been closed between a buyer and seller of a small business.

In April 2005 I entered into a one year contract with Alliance Acquisitions after a "business analyst" was sent to my office to review my company financials over the past two years. I was told that for AA to list my company for sale I would need to have a independent "business analysis" prepared by an evaluation company and for a mere $ 5000.00 AND because of AA's position with the evaluation company (Business Evaluation Systems) it was a great price with the AA discount. Before signing my contract I had my business analyst meet me at my CPA's office to review AA's information. Specifically and emphatically I was told that the $ 5000.00 COLLECTED by AA would be used for the evaluation and after the one year contract was over and IF my business did NOT sell my money would be refunded under ANY and ALL circumstances with no questions asked.

IF my company was sold during the one year period the new BUYER would pay the $ 5000.00 at closing of the business sale. To intice my signature on the contract I was told by the business analyst that there were already SEVERAL people up in Michigan and Minnesota that were VERY INTRESTED in my business. As a matter of fact the business analyst asked me if I would be ready to close within 30 days of the contract because this was a slam dunk deal.

Moving forward I heard nothing from AA for months. I did receive a nice 56 page binder from Business Evaluation Systems that from page one till the end couldn't be understood by a Philadelphia lawyer! BES NEVER called to verify my equipment, records, tax information, year end financials...nothing! I called BES as an a bogus small company owner and asked how much it would cost to have an evaluation done, their answer was anywhere from $ 200-$ 500 depending! Wonder what AA did with the rest of my money?

In August after hearing NOTHING from AA I called numerous times and left message after message for either Randy (Moe) or Ted (Curly) to call me back....NOTHING! I sent e-mails...NOTHING! I sent a letter on August 09th, 2005 AND guess what 3 weeks later I got a call from Lesli B., the National Accounts Manager, (protecting her last name because her story is already documented on tis website!) Lesli told me that there were only a couple inquiries and that was it.

I heard nothing from AA until March when I got my "sorry about your luck letter" signed by scumbag himself, CEO Randy Hicks. The letter was dated in March 07th, 2006 but never arrived by certified mail until March 28th, 2006. On April 04th, 2006 and following AA's "instructions" concerning my refund I sent a FAX directly to AA.

Guess what I heard...nothing! I started e-mailing. I started calling. NOTHING! FINALLY three weeks later I got a call from Moe (Randy) that basically said you get nothing, we honored our contract because we INTRODUCED you to funding sources. Well I guess INTRODUCED meant grabbing the Yellow Pages and listing some "funding sources" like Wells Fargo who incidentally has NEVER heard of or done business of any kind with AA! I called most of the 5-6 listed companies and GUESS WHAT, NOT one of them had heard of or done business with AA period.

As the SELLER WHY would I need a funding source anyway? Now I can see a BUYER possibily needing a funding source HOWEVER my business analyst told me that ALL of AA's "buyers" were pre-certified credit wise or would pay CASH at closing (Yeah right!)

My contract expired on April 29th, 2006 and Moe (Randy) during our "sorry about your luck" phone call graciously offered to list my business until April 2007 but I told him I wouldn't let him list a dog house but I did want my money back NO DEAL!

Like many other AA clients that have been RIPPPED OFF I have turned this over to my personal attorney who HAD been corresponding with AA's attorney BUT I got a letter today from Clarke Dubose (former AA attorney) that advised me that he no longer represented AA and I should direct all questions to AA. WONDER WHAT HAPPENED? My best guess is that Clarke figured out after OVERWHELMING complaints by phone and e-mail that his clients were criminals and decided to walk down a better path!

Read the article by Lesli on this website, THEN read the one village idiot that just LOVES AA! I challenge this guy to PROVE to me his identity and that AA actually SOLD his business. Of course I will never get a response to that challenege because this person really is either Moe or Curly that sent this trash to ripoffreports.com

The fun is just beginning folks! I predict that before this is over that MILLIONS of small business owners across our nation will know EXACTLY who Alliance Acquisitions Asasociates really are and what they stand for, and it's NOT "Truth, Justice, and the American Way". Stay tuned and for God's sake stay away from AA!!!


This report was posted on Ripoff Report on 05/26/2006 07:57 PM and is a permanent record located here: http://www.ripoffreport.com/reports/alliance-acquisitions-associates/marietta-georgia-30062/alliance-acquisitions-associates-rips-off-100s-of-small-buisness-owners-natiowide-look-a-193498. 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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