• Report: #1087068
Complaint Review:


  • Submitted: Tue, September 24, 2013
  • Updated: Tue, September 24, 2013

  • Reported By: quotient — tacoma Washington
777 North Capitol Street, NE washington, Dist of Columbia USA

ICMA-RC icmarc Ponzi scheme?unaware management not interested in the companies problems, dishonest service reps, will say anything they think will get you off the phone washington dc

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 sep 16 I called icma to request the  form I needed to  close my account  and be  done  with those  people.was told the  form  would be mailed  mon the  16, or  first thing   the  17th. Today is the  24th, nothing  from icma in the  mail. On the  19 I  called again and was told  they had no responsibility  for the  post office, they  were  vague  as to  whether the  form  was mailed. spoke  with a  rodney ford, wh  said it may  or may not have been  sent. spoke  with a  my trembly  who said the  form  was sent, but he  would like  my  info to send  another one(?)red flags went  up, they were  defendive, not  open  about  the  mailing, going from   yes it  was, to maybe, to  'we are  not responsible for the post office. [continued below]....


.was  contacted  bt a  ms tripi from  somewhere  in icma. she  gave me the same  song and  dance  and said to call  her if  it  didnt  arrive  in the  mail on the  24th, gave  me her  number  and everything, just like a  competent  honest service rep  would. When i called to say  nothing  arrived in the  mail, all i got  was  a voice mail menu, as  ms tripi was  apparently done  with  the situation, having  done the  we  care,  customer service,  clients  matter BS, guess she  thought mission accomlished  and went  behind the  customer avoidance   program on her  phone. but  now,,,,,

Bob Glass, from  the  main icma  number,the  first  people  who  you  speak to, the  lowestraked  and  paid I assume, as  theirs  is an  entry  level  job, authorized  a  frd  ex  over night  package.something  the  higher  lever  managers  couldnt, or  wouldnt  do , when it  became  clear there was  no  form mailed,  and they had  backed them selves  in a  corner, with 5  different people  lieing  about  it, they cant  give  in and admit they  were trying to delay the  isbursement, it s  obvious they are, its not  difficult  to  mail a  form.

   More important, is getting  all the  funds as  I have  become aware  some  people think  icma  does not have  100% of the  cash they  should have, due to some  mismanagement, theft   or  something. Just  not  enough cash  on hand  to pay  disbursements, so they  play  games like  this  delaying till the  first , when  client  contributions  are sent  from the  employers. Thats  a  ponzi scheme. even though they  didnt start  out to  run a  ponzi scheme, companies  do make  mistakes  and  refuse  to live  up  to them and  take the  loss. I believe thats why  icma is stalling and    lieing about  the  form being sent, I ll wait, and see if the  rumours are true, and  on the  first  when icma  gets   money in, they will allthe sudden cheerfully allow me  to  have the  form   I need to  close out my acct  and be  done  with the  clowns.

   All Iwant is the  money Iworked and sent  in as a  retirement  account. to have  icma  pull this , no matter what there   financial problems  is  terrible, and  Iwill not  roll over  and  abandon   my account   or let it  be  absorbed  by icma  no  matter  what. Avoid this  company. Ill wait  and see what   terrible  thing  happened  to fed  ex  that the form cant be delivered  as  bob glass  claims. Im sure  it will be  something, like they  forgot to  put the  form in the  package  or  something. the lengths ICMA is  going to  not  send  me the  form, and delay  sends  up numerous red flags. have also  filed  with the  state atty general consumer div. maybe they can get a  straight  answer from icma 

This report was posted on Ripoff Report on 09/24/2013 04:59 PM and is a permanent record located here: http://www.ripoffreport.com/reports/icma-rc/washington-dist-of-columbia-20002/icma-rc-icmarc-ponzi-schemeunaware-management-not-interested-in-the-companies-prob-1087068. 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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