Last year I was
contacted by Turnaround Business of Henderson, NV. They "appeared" to be
legitimate, but within their auspices is a TOTAL SCAM ORGANIZATION.
The name of this group is Business Funding Services which shows its address a 4550 Oakey Blvd / Suite S / Las Vegas, NV 89102. Their main contact person is Michael Logan.
I was first contacted by phone from Turnaround and worked with a man named Richard Gutierrez and an associate, J.D. Caldwell. Both these men are now claimed to be fired by Turnaround. Turnaround now disclaims any responsibility for participation in a scam.
Business Funding Services (MIchael Logan) next contacted me by phone representing themselves as
the "go to" part of the operation which would contact Private Business Foundations on my behalf.
In his phone conversation of 8/16/10 I was assured that I had a grant approved for $548,000 with a, yet un-named, West Coast Corporation. He demonstrated a reliable knowledge of the process and informed me that the paperwork now needed would cost the balance of the initially agreed amount of $4,700. Already, I had sent Turnaround $2,500 by bank transfer on their initial contracted amount for their initial services. Further research showed the money initially sent was actually to the account of Business Funding Services---as instructed by the man representing himself as a part of Turnaround.
When my phone calls to Business Funding Services failed to be returned in December 2010, I began to
research further. Both Turnaround and Business Funding Services had researched as "good with no complaints" from the Better Business Bureau of Henderson, NV and the Attorney General's Office of NV.
On 1/18/11 I reached the Henderson, NV, District Attorney and Business Licensing Agency. There, a
gentleman by the name of Robert Helferstay informed me I needed to contact the FBI in Las Vegas relative to an ongoing investigation on fraud with Private Grants.
It seems there were problems for the last 2 years with these people. It was not looking good.
I was then referred to Agent Gerald Burkin of the FBI Las Vegas Office. He informed me that for some 3
months they had been investigating and I was to send all pertinent materials to him in Las Vegas. That investigation has been ongoing and I am in touch monthly with Agent Burkin who has returned my calls several times.
He states that I am lucky to a degree with only $7,200 at risk. He knows of one entity which has sent $18,000 to date with nothing but promises in return. He further states that these cases are hard to prosecute because those involved change addresses and names when the heat comes on with complaints.
QUESTION: Why would such activities go on with the appearance of a good bill of health from the
supposedly monitoring agencies of BBB and AG licensing Corporations in NV?
QUESTION: Will I be able to recover a single cent of money---all of which was borrowed against promises given by seemingly legitimate people who would do the extensive paper work and legal services needed to complete the process with a Private Foundation?
This is my report. I'm unable to find a more proper point of contact to send this to---what appears to
be---a reliable entity which might keep other struggling and starving businessmen like me from getting further hurt in this failed economy. For the last 4 years my Tree Surgery Business has been suffering under a 70% reduction in income. This seemed like the perfect solution since it involved the Private
Sector rather than Government.
Can you help me stop these particular scammers?