• Report: #967038
Complaint Review:

Cornerstone Capital Investment Corporation

  • Submitted: Fri, November 09, 2012
  • Updated: Fri, November 09, 2012

  • Reported By: Trusting Friend — Long Beach California United States of America
Cornerstone Capital Investment Corporation
1035 Primera Boulevard Lake Mary, Florida United States of America


*REBUTTAL Owner of company: To whom it may concern

REBUTTAL BOX™ | Respond to this Report! | Consumer Comment

What's this?
Corporate Advocacy Program

Show customers why they should trust your business over your competitors...

What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

Set the record straight:
Arbitration Program

SEO Reputation Management at its best!

WARNING! If you see or hear of Cornerstone Capital Investment CorporationProphecy Financial Group or Commercial Escrow Services, Inc... the hairs of your neck should begin to tingle and you should run the other way.

They will promise you funding in 90 days, scam you, lie to you and cheat you out of your money. When you dont get your funding, he will make excuses, tell lies etc. I have complete records and communications for almost two years. 

I foolishly lent money to an energy company who then gave to these people who promised them the sun moon and the stars to fund their projects. 20 months later they have nothing and I haven't been able to get my money back.

I understand that they have done the same to many other companies - none have had their monies returned nor have any of their projects been funded.

The people listed below are frauds.  The escrow officer has lost her license. They will lie, make up stories, then when you need to reach them, they turn off their phones, change phone numbers.  None of these people actually have offices.  They use phone service companies to take messages as if they had offices.  They are frauds.  They will take your money promise great returns and funding, but all they do is spend your money. 

Beware of:

William "Will" Blackmer (904) 657-0840  will@cornerstonecapitalinvestmentcorp.com

Richard "RIC" Lanham  (214) 998-7332  rlcornerstone@gmail.com

Ken Devellis (203) 241-3838  prophecyfinancial@gmail.com

Toni Hardstone (925) 933-9960 

This report was posted on Ripoff Report on 11/09/2012 02:39 PM and is a permanent record located here: http://www.ripoffreport.com/reports/cornerstone-capital-investment-corporation/lake-mary-florida-32746/cornerstone-capital-investment-corporation-william-blackmer-will-thieves-liars-cheats-967038. 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

Click Here to read other Ripoff Reports on Cornerstone Capital Investment Corporation

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
0Author 0Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

To whom it may concern

AUTHOR: Principal at PFG - ()

The following is a rebuttal to this gentleman and his claim that Prophecy Financial Group was involved in some type of deceptive or illegal activity.

Prophecy Financial Group (PFG) is an independently operating business, being involved in real estate project development on a consulting basis which includes, among other responsibilities, assisting project ownership with the formation of business plans and bankable documentation packages, underwriting services and the provision of potential pre-screened sources of funding for their applicable project financing requirements. 

Twenty four months ago, PFG was introduced to Cornerstone Capital by an independent third party as a possible project funding source. PFG performed initial due diligence and, at that time, it was determined that Cornerstone was an acceptable source and was added to the PFG stable of financial services firms available to their client base. PFG was never a subsidiary or affiliate of Cornerstone Capital and operated only as a referring consultant.

Any clients that expressed an interest in dealing with Cornerstone were specifically informed that although preliminary due diligence was performed by PFG and there was no evidence of any type of underhanded business practices in the past, that they should have their corporate attorneys perform an independent  inquiry as they would ultimately be responsible for their own decisions.

Unfortunately, over the past eighteen months Cornerstone Capital has apparently encountered many financial, structural and performance issues causing the company to underachieve and as a result, a number of projects have not been financed as contracted by Cornerstone. Deposited contracts stipulated a refund clause based on performance but, to date, Cornerstone has neither returned the clients deposit funds nor provided them with project financing. What created this series of events over time has yet to be determined, but it is PFGs’ hope that these matters will be resolved by Cornerstone in the very near future.

Inappropriately, PFG was inadvertently blamed for the non-performance of Cornerstone although PFG was exclusively and contractually representing their clients’ interests during the process and is currently assisting those clients in an effort to recover their deposit funds or receive funding for their projects.

To add clarity and for the record, PFG was never involved in the handling of client deposits or contracts with Cornerstone. Additionally, PFG did not charge for or receive any fees or payments for services rendered to the clients during the extensive documentation package preparation and underwriting process as PFG does not accept remuneration of any kind until a successful transaction is concluded.

PFG has obviously distanced themselves from Cornerstone due to these extenuating circumstances, including the lack of performance indicated above, and have since altered their core business by forming very strong business and personal relationships with a select few solid, reliable and successful banking and financial services firms to provide their clients with conventional and alternative project financing rather than maintaining a stable of many firms with lesser relationships. With that said, PFG continues to successfully provide project ownership with the appropriate capital stack necessary to facilitate the financing requirements of major US real estate development and construction projects on an ongoing basis.

Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?