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Report: #293702

Complaint Review: International Business Consulting Inc / Global Funding Net - Hilton Head South Carolina

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  • Reported By: perfectville Ohio
  • Author Confirmed What's this?
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  • International Business Consulting Inc / Global Funding Net 33 Office Park Road, Suite A 202 Hilton Head, South Carolina U.S.A.

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This company, working with Global Funding Net aka Dr. Arthur Seagal and Paul Tomasi. Require $25,000 to place you with a "possible source of funding" don't count on getting anything. Why should they care they have $25,000
paid in advance. Talk about a rip off artist these guys have it in the bag. GFN [globalfundingnetwork.com] the website is suddenly "under construction" IBC [international bussiness consulting] Paul Tomasi has been all over the USA ripping people off for years. Paul Tomasi has alias names and has lived in the same locations as Dr. Arthur Seagal for years. California, New York, PA, Hilton Head. BEWARE- BEWARE -BEWARE -BEWARE. If you are checking these guys out BEWARE.

been scammed
perfectville, Ohio
U.S.A.

This report was posted on Ripoff Report on 12/21/2007 04:35 PM and is a permanent record located here: https://www.ripoffreport.com/reports/international-business-consulting-inc-global-funding-net/hilton-head-south-carolina-29928/international-business-consulting-inc-global-funding-net-unlimited-possibilities-capi-293702. 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:
0Author
7Consumer
0Employee/Owner

#7 Author of original report

Comments for the last entry

AUTHOR: Sweet treat - (U.S.A.)

POSTED: Thursday, January 10, 2008

1. The criminal back ground he is referring to is 1 minor misdomeanor charge from 20yr ago. That hardly constitutes a "criminal history" after a little investigation of my own I turned up his record. talk about past financial problems and anger managment. as you can tell by the tone in this email.

2. The company that I was "placed with" is another company such as IBC in the Netherlands that required another $15,000 "retainer" to "place" me with a "possible source" of funding, and another 3-5% off of the back end. IBC also requires 3-5% off of the back end. Correct mr if I am wrong but dosn"t that equal $40,000 in retainers and 6-10% total? oh and by the way did I mention that I still have no money!

3. The Gov. agency I complained to was the Dept. of Consumer Affairs, they can not help any way because this was a business matter. And he wants me to sign a paper saying I will not lodge any other complaints to any other Gov. agency. WHATEVER!? I live in a country that gives me the right to say what I want to whom I want.

4. YES I did sign his contract, but after a little more checking I found out he dosn't have a license to operate a business in Hilton Head Island. one of which is REQUIRED.

5. He is worried that I will ruin his reputaion?!? all of what has been said is a matter of PUBLIC record. I don't think he can blame me for that!

6. So since it is my RIGHT to complain I called the BBB in SC and reported him to the town of Hilton Head Island. And when the Dept of Consumer affairs sends me a copy of the report I filed, I will post it as well, so as to refute any claims of me filing false information.

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#6 Consumer Comment

Paul Tomasi/ IBC/Hilton Head Island

AUTHOR: Pissed Off In Small Business - (U.S.A.)

POSTED: Wednesday, January 09, 2008

FW: BIG PAPAS COUNTRY INN L.L.C.
From: LORI **** (((email redacted)))
Sent: Tue 1/08/08 4:47 PM
To: (((email redacted)))


----------------------------
From: (((email redacted)))
To:
Subject:
Date: Tue, 8 Jan 2008 09:00:19 -0500

January 8, 2008

Yesterday I received a copy of the written Complaint that you filed with The State of South Carolina's Department of Consumer Affairs out of Columbia, South Carolina which they acknowledged receiving as of December 17, 2007 wherein according to the envelope your complaint arrived in here The State of South Carolina did not mail such on to us until December 27, 2007.

I was completely shocked and surprised by the receipt of your above complaint for at least the following reasons:

1) you did not contact me prior to filing your complaint telling me you were upset with what had taken place to date nor even asking us what all we had done for you,

2) you made a number of false statement(s) in your written complaint which if The State of South Carolina made a Public Record out of--which their paperwork to us stated they may--could affect International Business Consulting, Inc.'s ability to do business in the future,

3) you originally came to us via Dr. Arthur Segal of Global Funding Network as the "President" of xxxxxxxxxxxxxxxxxxxxwhich is also you fully executed our Financial Procurement Agreement, (hereinafter known as FPA), are therefore NOT a consumer and,

4) you fully and legally agreed to at least all of the following contained in our FPA which you fully executed with us of your own free will as of 28 September 2007:

Paragraph "1" entitled "IBC'S SERVICES" which states:

"IBC shall disseminate information provided by Client regarding its funding needs for the Project to prospective sources of such Funds, ("Possible Sources"), and IBC, on a reasonable efforts basis only, shall attempt to introduce, refer, identify, or otherwise make known to Client the name, address and telephone number of one or more persons or entities.".

PLEASE NOTE THAT THE ABOVE IS THE TOTAL SERVICES THAT IBC LEGALLY AGREED TO PROVIDE YOU WITH WHICH WE DID WHEN WE HAD JOINT CAPITAL ASSISTANCE PROVIDE YOU WITH THEIR WRITTEN "LETTER OF INTENT" TO YOU--WHICH YOU HAVE SINCE CONFIRMED YOUR RECEIPT OF--DATED 30-10-07.

WE ALSO HAD ANOTHER POSSIBLE SOURCE OF OURS' CONTACT YOU BUT EVENTUALLY DECLINED TO DO BUSINESS WITH YOU BECAUSE YOU HAD INITIALLY FAILED TO DISCLOSE YOUR CRIMINAL HISTORY.

Paragraph "4" entitled "FEES AND CHARGES" which states:

"On or before the effective date of this Agreement, (28 September 2007),Client shall pay to IBC a one time, non-refundable, Retainer Fee, via certified funds ONLY....".

Based at least upon the above we have absolutely no intention of even considering returning any part of the $25,000.00 Retainer Fee that you paid to us which has been fully earned.

Furthermore, as you have made false statements to a governmental agency, (as I understand it a crime in and of itself--Purjury--which could land you personally in a prison for a long time), which they could make part of a Public Record we may not only refer this matter on to our lawyer but may also file a written Complaint against you with the State of Ohio.

As a final note now that you have filed your above written Complaint with the State of South Carolina no one at International Business Consulting, Inc. will communicate with you or anyone else at xxxxxxxxxxxxx until you both write another letter to the State of South Carolina stating that International Business Consulting, Inc. did NOT in fact, "bugged out" as your Complaint to the State of South Carolina stated and you also have your lawyer write to us stating that Big Papas Country Inn will not file any future false complaints with any governmental or other agencies mentioning our name.

IF YOU WOULD LIKE TO KEEP THIS MATTER FROM GOING ANY FURTHER I VERY STRONGLY SUGGEST THAT IF YOU HAVE A LAWYER YOU

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#5 Consumer Comment

Dr, Segal has severed his ties with IBC

AUTHOR: Sweet Treat - (U.S.A.)

POSTED: Saturday, January 05, 2008

Dr. Segal is trying to help out this owner. Dr. Segal no longer has a business relationship with this company and is currently trying to help. GFN did not take the retainer, IBC is responsible for that.

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#4 Author of original report

Dr. Segal is helping me get my situation fixed

AUTHOR: Sweet treat - (U.S.A.)

POSTED: Saturday, January 05, 2008

Dr. Segal, called me and is helping me!!!!!

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#3 Author of original report

Dr. Segal did not take any money

AUTHOR: Sweet treat - (U.S.A.)

POSTED: Saturday, January 05, 2008

He did only act as a broker.

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#2 Author of original report

this is what another had to say

AUTHOR: Sweet treat - (U.S.A.)

POSTED: Saturday, January 05, 2008

Posted by GlobalFundingNet (Monday, October 15, 2007)
Do you need funding, of any type, for legitimate projects?

Global Funding Network at www.globalfundingnet.com can aid you in finding funding via debt, (30 years, interest only, annual payments), non voting minority position equity investment, proof of funds, collateralization, and a number of other ways if you are an honest, solvent, businessperson with a legitimate vaible commercial project. GFN only gets its true pay day when you close the deal and we are paid by the funder, not you. We fund at 100%. Collateral is not needed but can reduce rates in commercial real estate projects. We fund from one-half million into the Billions. Only serious businesses that are solvent, please apply. www.globalfundingnet.com

Newest messages appear on top.

--------------------------------------
10-21-07 OLC: Read the web site and came to these 2 conclusions:
1. You have no idea about this industry, its terminology or how it really works.

2. You have absolutely no experience.

No such thing as a gatekeeper, sure people tend to act as gatekeepers but no such position ever has or ever will exist. Find out what an FPA is and what the initials stand for, these are just 2 of the most obvious of the many red flags your site raises. I guess from the responses you have received other have also noticed how little you know.



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#1 UPDATE EX-employee responds

rebuttal

AUTHOR: Gobal Funding Network - (U.S.A.)

POSTED: Saturday, January 05, 2008

Dear small business owner and those reading:

While it is easy to make accusations on the web and be anonymous, Global Funding Network has no record of any petitioner for funding from the town you mentioned.

Further at no time did GFN receive a dime from a petioner for funding. It mearly collects petition applications for funding and refers such onto finders of funding sources.

GFN gets is true pay day when a client of such funder closes.
GFN, when in existance, gave full and complete disclosure.

The finders that GFN refers petitioners too had a financial procurement agreement with the borrower, that GFN asked no less than 6 times, for each petitioner to have their lawyer and accountant read and negotiate with the finder.

There was no colusion between any finder and GFN.

90% of the time GFN worked with brokers of clients seeking funding are rarely directly with the client. Perhaps this is why the city that you mention is not registering. Did you have a broker?

These brokers all signed agreements stating that GFN does not warrent, or guarentee the finder, or their funding sources, and this was always told to every client. All clients and their brokers must do their due diligence on the finder, and the finders contract advises that all clients and brokers must do diligence on the funders.

Further, every finder, will refund any retainer paid in full to you, IF they did not perform, and find you a funding source. IF you think you have had money taken from you unethically, the contract with them calls for you simply to contact the American Arbitration Committee for a hearing.

In all cases if funding did not go thru, once a source was found, it is due to the clients fault, and usually because the client was untruthful to GFN or to the finder, and hid things (which GFN's web site begged them not to do.) Some of these things were being so poor, that they borrowed the retainer (which if GFN knew they were doing would have disqualified them from funding), because where would they get funds for the funder's due diligence fees, etc?

The reader needs to understand the most clients coming to web based funding sources, habe been rejected by banks and other sources, due to their being credit risks, due to past bankruptcies, criminal convictions, and the like.

GFN, due to Dr. Segal's health problems, has been taken over by CommFundingNet@aol.com and if anyone is having difficulty in funding, they will aid you, just as Dr. Segal would have.

At no time did this complaintant come to GFN and tell GFN of his problem or GFN would have interceeded on his behalf with the finder.

GFN goal was to sincerely help folks be referred to a finder of funds so that funding would occur.

For the record, alligations of alliases and moving around etc, are just false. GFN was a NJ corp (not located in SC), and a division of a professional corporation, founded in 1979 without, till today, a single complaint from a borrower.

Accusing GFN of taking your money, when you never wrote a check to GFN, as no petitioner has ever done so, is just a falsehood.

If you came to GFN with a complaint of paying the finder a retainer and not getting your funding source, GFN could have got you satisfaction with a phone call to the finder. GFN will NOT work with a finder who does not do what he says he will do.

While you may be unhappy with the finder, please do not lump GFN into the mix.
Contact CommFundingNet.com and see what can be done to aid you.

Happy New Year. Dr. Segal, retired, circa mid Nov 2007
January 5, 2008

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