Report: #1292280

Complaint Review: JCF Capital

  • Submitted: Mon, March 07, 2016
  • Updated: Tue, March 08, 2016
  • Reported By: Mullen — Henderson Nevada USA
  • JCF Capital
    4370 La Jolla Village Drive, Suite 400
    San Diego, California
    USA

JCF Capital Justin Floyd Con artist acting as a capital advisor San Diego California

*Author of original report: The proof is in the pudding.

*REBUTTAL Owner of company: False Claims & Potential Criminal Activity

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

This guy Justin is a slick character.  He claims to have hundreds of private clients and relationships with funding sources, but in fact he has a list of venture capital firms you can download off the internet for the price of an hour worth of internet time and the local library.

 

A company I consult for hired his firm because he was referred by a lawyer (dont even get me started on lawyers).  He came out and told us how great heis and how successful he has become.  It was right before Thanksgiving and I suggested to my employer that he wait until January or February before he get started with the fund raising campaign.  EVERYONE knows bankers and rich people dont spend the holidays pouring over business pland and looking at new possibilities....they enjoy themselves and go on vacation.  That's the whole point of being rich and successful.

 

This guy claims November and December are their very best months, and in year's previous they did huge amounts of invesmtnets, more than any other months!  Well, needless to say, he gets his $15,000 retainer.  Two months go by to January and then one phone call happens.  A company that wants to steal the small business technology.  Very nice.  Three months go by and nothing.  Justin doesnt even return his calls, texts or emails. 

 

Just when he is about to be written off, he reappears andsays he has all these hot leads.  But, his 3 month deal is over and he needs $5,000 per month to work the investment.  No one is calculating that a 10% fee is worth at least 10 times his monthly demand, so he gets paid another $5,000.  Low and behold....another month goes by with absolutely nothing....until another invoice for $5,000 more shows up.  This guy spends more time on hismonthly invoice that actually doing any work.

 

He had all this history when he signed his agreement in November 2015, but he hadnt received his broker license until September 2015.  He spit back the same collateral material he was provided, but he did manage to put his own name on it first.  He doesnt have any employees...only a few foreign students that work as 'interns' that dont need to be paid.  I guess in order to get your license you need to be able to scam, swindle and cheat your way to other people's money. 

 

Stay away from this guy.  He has nothing you need.

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This report was posted on Ripoff Report on 03/07/2016 11:51 PM and is a permanent record located here: http://www.ripoffreport.com/reports/jcf-capital/san-diego-california-92122/jcf-capital-justin-floyd-con-artist-acting-as-a-capital-advisor-san-diego-california-1292280. 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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Updates & Rebuttals

REBUTTALS & REPLIES:
1Author
0Consumer
1Employee/Owner

#1 Author of original report

The proof is in the pudding.

AUTHOR: - ()

Thanks for the response Justin Floyd.  That was a really quick response to this rip-off report, much faster than the reponses to texts, emails and phone calls.  While I appreciate you finally recognize that my interests are an investor of capital, in excess of $430,000, in this project, I do not now, nor have I ever managed, arbitrated, decided or been a key factor in any action Mullen has ever taken, in any capacity whatsoever.  Is it strange that an entity would invest such a large amount of money and not want to closely monitor the manner in which the money is spent?    That is what investors do.  You should know that.

You see, as a consultant, my job is to observe, suggest and recommend actions, as well as document, plan, provide information and prepare due diligence for my client.  Clearly in this case, I made many sugestions for my client to not do business with you, yet his decision was opposite than my opinion.  However, the fcts are still the facts.  JCF was told in email, phone and text the types of investors that the client wanted, and before payment, everything was wonderful.  After funds were received, investors needs were complicated, company information was insufficient and JCF needed more than could be provided in order to obtain funding.

You see, if JCF Capital is just a consultant, that is fine.  I am one too.  But I do not go around telling people I can raise them money when I can not.  I do not tell people how great my previous years' work was, when it was not.  Those comments would be false and misleading.  Taking the work that I did on behalf of my client, putting your name on it, does not mean that you did the work.  It means you changed the name on it.  I could bore everyone with copies of the emails I sent you, but I dont want anyone to believe me, I want them to do their own due diligence and decide for themselves the value you bring.  I know the value you brought to my client.

Finally, Just Floyd included all of his employees in the group email relating to my very angry email regarding the demand for additional $5,000 for something that simply was a waste of money for my client.  My erroneous reference to a less-than-appropriate organization was simply to highlight the point that you do not promise things and say things that are purposely misleading and simply not true in order to get a check.  If JCF services is 'best efforts' then making statements guaranteeing $5 million in 90 days should not be made, because the term 'best efforts' becomes a cop-out instead of the company motto.  That should be said up front.  And yes, people who lose money, or have to watch those how have lost money, get angry and want immediate satisfaction for sure.  I did not threaten physical harm to you or anyone else, I warned you that these types of misleading actions could cause physical harm, because I see it on the news every night.  Everyone does.  You simply can't tell lies to people and think its ok because you just meant best efforts.  You can't say your best months of the year are November and December when it simply isnt true, and you can't say your previous years have been so wonderful when you had a broker's license just two months previous.  It is misleading.

The bottom line is resources from myself and family invested over $430,000.  That is real.  You have been successful at absolutely zero, that is real too.  I have a right to be angry not only for the original statements you made to me, but the lack of communciation, false promises and ongoing demand for money each month (which you told me upon the first $15,000 being paid to you), would never need to happen because funding commission would already cover any month fees.  Why shouldn't I be furious?  Mis-directing the issue to my angry response is what bad companies do.  Forget about the poor service, he threatened me.  That's ridiculous.  If you don't want to do something, any excuse will do.  I guess today's excuse is a client's representative got mad because we couldn't perform, now I am unable to perform.  Post hoc ergo propter hoc.

I know you say you run a professional company.  That is all and fine that you think that.  But for me, your company is terrible.  In my opinion, I am 100% right and I am allowed that opinion.  Threatening me because I have the audacity to expose you for the terrible treatment you did will not go anywhere.  Because you did, in fsct, treat my client terribly. Mis-direct all you want and threaten me with lawsuits and police and the SEC all you want.  My opinion is valid and protection under the Constitution is intact.  You have obligations under your license to FINRA and the SEC, I do not.  You are obligated to such requirements.  Maybe, just maybe, you could prove me wrong and actually follow thru with even $1 of investment, to which your client paid you $20,000 to acquire.  Maybe that should be in your next response.  Or, maybe you mis-direct again and blame it on your client as the reason you can't raise them any money, even though you keep asking them for checks each month.....interesting.

 

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#2 REBUTTAL Owner of company

False Claims & Potential Criminal Activity

AUTHOR: JCF Capital Advisors - (USA)

Mr. Keith Drohan apparently is a minority shareholder and consultant of Mullen Technology Inc (and current JCF Client) where JCF does not have a contractual agreement or any working relationship with Mr. Drohan making false claims and even criminal physical threats of violence and bodily harm to JCF and its empoloyees.  He continues to these threats on behalf of himself and our client Mullen Technologies Inc to whom we maintain a postiive working contractual relationship.

We have reported Mr. Drohan to the authorities and will be pursuing criminal and legal action against him for making threats of violence and for defamation of character.  David Michery CEO of Mullen maintains he has no control over Mr. Drohan and his actions. JCF is considering reporting and may be required to report these actions to our broker dealer, FINRA, the SEC, and the FBI upon further notice from JCF counsel.

Mr. Keith Drohan's direct quotes in email to JCF and its employees:

"before someone comes down there to San Diego and thumps your scull...that calculation is coming up sooner than you think."

"In your in-depth due diligence you probably should have looked into the backgrounds of the people that work around that place.  Lots of people from Death Row Records and several 'security' personnel at the music side of the business.."

"I would hate for the three wise men to roll up on someone that had no conscience."

Keith Drohan

Mullen Technologies, Inc., Consultant

HLE Development, Inc.

2360 Corporate Circle, Suite 400

Henderson, NV 89074

(714) 588-0406

fax (714) 333-4774

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