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Report: #408425

Complaint Review: ANR Capital Group, Inc. (Ray Kim) - Pasadena California

  • Submitted:
  • Updated:
  • Reported By: TAMPA Florida
  • Author Confirmed What's this?
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  • ANR Capital Group, Inc. (Ray Kim) 556 S Fair Oaks Ave Ste 198 Pasadena, California U.S.A.

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Where to start about Mr. Ray Kim and the ANR Capital Group. First of all they are based in Pasadena, CA. I set up an appointment to meet with Mr. Kim at thier offices and he kindly offered to meet me closer to where I was located as he was "relocating his offices" ... after checking on "his office" in Pasadena... it's nothing more than a UPS Store Mailbox ... I hired Mr. Kim after speaking with him for serveral months. I was looking to raise capital for a new business that I was working on in Florida. I was recently laid off from my job in th avaition industry and relalized that would not be coming back. I paid Mr. Kim the up front fee of $30,000 which he advertised was fully refundable if he couldn't obtain the needed funding. I did this Aug. 13, 2008. Based on his advertising, I should have started hearing some things in late August. When I started to ask for details, he then told me they were running behind, due to the economy and wouldn't hear anything for 30 days at least. I had advised Mr. Kim the need for the funding by the end of Sep. and he felt he could accomplish this without any problems. In mid-Sep, I started to ask for more updates, but Mr. Kim started to delay responding to me. It took him days to respond to emails and he would never answer his phones. In early Oct. I told him that the deal I was working on was falling apart and the $20k deposit was in jeopordy, due to his failure to live up to his commitments. He advised me then, that he used a third party to secure funding and he actually didn't do any of the work... so basically he was acting like a broker. He still assured me that he would be able to obtain the funding so I did what was needed to secure the original deal of buying the business. This included paying a $5k penalty to the owner of the business for the delays. Needless to say these excuses went on and on and on and on through the month of Oct and Nov. Mr. Kim always offered another story and no promises were ever kept. Eventually the business deal I was working on and needed the funding for colapsed and I lost my deposit of $20k and the $5k penalty. Mr. Kim was less than concerned and offered yet another excuse. In early Dec I requested that he just refund the money, since he obviously was not experienced or was even a legitamate financial business. It was then that he told me that he had 'applied" for my refund with his mysterious third party and it would take 2 weeks to process. Again, Mr. Kim failed to produce. It's been 4 weeks since then and he's not even returning calls or emails at all. I have been working with a local lawyer in FL to sue Mr. Kim for the fraudulent ads and transaction that he committed. I would have loved to have at least gotten my $30k back from him, even though he cost me far more in losses of the business deal itself. I also intend to submit everything to the local District Attorney's office for review in hopes of prosecuting Mr. Kim for fraud. It's clear that he isn't capable of assisting in obtaining business capital and his advertised money back guarantee is a total lie. Be aware of this con man. He'll take your money and not give a darn whether you're out in the street because of his actions!!!

Michael
TAMPA, Florida
U.S.A.

This report was posted on Ripoff Report on 01/05/2009 06:50 PM and is a permanent record located here: https://www.ripoffreport.com/reports/anr-capital-group-inc-ray-kim/pasadena-california-91105/anr-capital-group-inc-aka-ray-kim-false-advertising-no-refunds-no-responces-pasadena-408425. 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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REBUTTALS & REPLIES:
2Author
3Consumer
2Employee/Owner

#7 Consumer Comment

ALSO Ripped Off- Need Info

AUTHOR: I Got Burned - (United States of America)

POSTED: Tuesday, September 21, 2010

I was also ripped off by Ray Kim and strung along with lies.  Has anyone had any success?  I know he's living in Texas, possible ties to a restaurant, but no solid info.  Who do we need to contact?  I'm sure there are others out there that would be willing to tell their side of the story.  Please advise.

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#6 Author of original report

Follow up

AUTHOR: Michael - (U.S.A.)

POSTED: Thursday, April 08, 2010

 

I would definately participate in putting this man out of business ...

Let me know what to do or who to contact and I will provide everything that I have already collected and all the info that I have filed here locally with the FL State Attorney's office ...

 

 

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#5 REBUTTAL Individual responds

RAYs a scam artist

AUTHOR: RayCARCHER - (United States of America)

POSTED: Wednesday, March 31, 2010

RAY KIM, AnR Capital Venture One...and whatever else he might use.

Ray is a scam artist, and has rippped off many people. I have a group of 10 people that he has scammed. i suggest all of you email me so we join forces take him down. The DAs office should be very excite to hear about him. please contact so we organize a game plan to destroy him and take him down for good. He needs to pay back and serve some time in jail. He has taken  too many peoples hard earned cash. Its a problem.

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#4 Consumer Comment

Ray Kim and the ANR Capital Group are a scam

AUTHOR: mychael - (USA)

POSTED: Monday, October 05, 2009

To all other consumers... especially Michael from Tampa... I too was ripped off by Ray Kim and the non-existing ANR Capital Group. I have filed a report as well against them, and though I was not there with Michael... I hear many similarities in the statements that I got from Ray Kim. But the bottom line is......... He stole my money!!! and I have absolutely nothing to show for it!!! I was given many promises since this all started back in March of 2008. And other than the dollar amount... it's exactly the same story as Michael from Tampa. I urge anyone else who may have dealt with Ray Kim to please file a report. I too will follow up with the District Attorney's office. Since Michael is in Florida, and I am here in California, and with Ray Kim's response coming from Texas, that would make the offense a Federal matter. And to Ray Kim... if you read this... only you know how many people you have ripped off... eventually it will all catch up with you.

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#3

Same old game ... BUYER BEWARE

AUTHOR: Michael - (U.S.A.)

POSTED: Sunday, September 06, 2009

The last posting was made in July, regarding Mr. Ray Kim and it was an agreed upon statement to post,  that was composed by Mr. Kim himself ... I just quoted it and posted it ... based on a signed agreement that would Mr. Kim would either complete the deal we had started, or refund my money ...

Sadly, he has yet to do anything further ... he's had this file and my $30k for over a year now and hasn't produced one thing ... all of his programs are fruitless and without merit ... he has also changed the name of his business again ... I can only assume to distance himself from the last scam ... excuse me, business ... He is now doing business as Venture One Capital ... This man has promised refunds and hasn't delivered ... he's sat by and watch me lose my home and car ... and hasn't done anything ... he was offered the opportunity to enter into an agreement to repay ... and wouldn't accept it ... he will not give up the names of his so called "brokers', who he alleged paid ... which makes no sense ...

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#2 Author of original report

July 10, 2009 Update

AUTHOR: Michael - (U.S.A.)

POSTED: Monday, July 13, 2009

We have come to a resolution to my satisfaction. Ray has been working with me to the entire time and he never ran away from his obligation.

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#1 REBUTTAL Owner of company

Your Facts Are WRONG!

AUTHOR: Ray - (U.S.A.)

POSTED: Tuesday, January 20, 2009

I am Ray Kim and would like to respond to Mr. Michael Hx postxxxxxxxx. It is true that I sold him a finance program that guaranteed him financing for $30k. It did not work out and I am in process of trying to get a refund from the broker or company that I was reselling this program for. But i would like to point at the inaccuracies of Mr. Hxxxxxxxx post.

First of all, I did have a physical address. I also have a PO Box. I provided the physical address to Mr. Hxxxxxxxx for him to verify and provided the property management name as well. He obviously never followed up with them. If he had, he would have found that that i was in that building for six months. I have the lease agreement to prove it.

Second, I indicated to Mr. Hxxxxxxx that I was moving and that once I settled down, I would provide the new office address to him. Well, I decided not to get an office for now and work out of my home which I told him.

Third, I went through a broker who was selling this program. I was a reseller. In this business, there are many resellers of programs. I also told Mr. Hxxxxxxxx that information. He was fine with it. I did tell him that it was a person I knew and trusted.

Fourth, this program was not fraudulent as there was a company that was actually executing this program as Mr. Hxxxxxxxx later found out. So his claims that I was making fraudulent advertising is absolutely, unequivocally WRONG.

I do understand the frustration and anger of Mr. Hxxxxxxxxx. However, I have never wavered from the fact that regardless of who I was using, I am ultimately responsible for getting his refund. Again, I do not dispute this fact. As my attempts to get a refund from the broker has been unsuccessful up to now. I indicated to Mr. Hxxxxxxxx that I would personally get a loan to repay him out of my own pocket in the event I am unsuccessful of getting my refund by the end of January 2008.

In addition, I offered to have his credit repaired (no money at of his pocket) which he agreed to but later decided not to move forward with it. I was just trying to get his some kind of money to help his financial situation from being laid off. His current credit would not had suffice, therefore, this could have been a temporary solution.

I have not changed my name, disconnected my office line or cell phone. I also still have the same email. Most people would have changed their contact information if they never had intentions of repaying the money.

I am sorry that this program did not work out for Mr. Hxxxxxxx and I take full responsibility for the loss. I will continue to work with Mr. Hxxxxxxx to resolve this issue but I had to clarify many of his inaccuracies and libelous claims.

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