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Report: #279349

Complaint Review: John Capriotti And Jasmine Myers - Atlantic City New Jersey

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  • Reported By: San Pablo California
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  • John Capriotti And Jasmine Myers New Jersey Atlantic City, New Jersey U.S.A.

John Capriotti And Jasmine Myers John Capriotti and Jasmine Myers are Con Artist Thieves Atlantic City New Jersey

*Author of original report: The Duties of an Escrow Officer

*Author of original report: If thats the case, John, then refund our money!

*REBUTTAL Individual responds: NOT A THIEF

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Do NOT give money to John Capriotti! He is a con artist who takes your money and then you never hear from him again. He and his girlfriend accomplice Jasmine Myers (employee of Commerce Bank in New Jersey) will con you out of whatever they can get and then disappear and not answer your calls. Jasmine Myers poses as an escrow agent but the account she gives you for your funds to be escrowed is her personal bank account and from there the money goes to John Capriotti and his fellow thieves. This man sets up what appears to be legitimate real estate transactions with legitimate companies and persons to appear to have some credibility but its all a con. He cons the licensed real estate agents he puts in offers with, the lawyers he sets up for the closing and everone in between. This man and his lying accomplice need to go to jail. Anyone else who has been ripped off by John Capriotti I welcome you to contact me.

Another victim
San Pablo, California
U.S.A.

This report was posted on Ripoff Report on 10/17/2007 02:16 PM and is a permanent record located here: https://www.ripoffreport.com/reports/john-capriotti-and-jasmine-myers/atlantic-city-new-jersey/john-capriotti-and-jasmine-myers-john-capriotti-and-jasmine-myers-are-con-artist-thieves-a-279349. 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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2Consumer
1Employee/Owner

#3 Author of original report

The Duties of an Escrow Officer

AUTHOR: Another Victim - (U.S.A.)

POSTED: Monday, November 05, 2007

John Claims his accomplice is a victim of a failed real estate transaction. But any escrow officer knows that you do not distribute funds out of a personal bank account via personal check to parties in a real estate transaction. The funds are distributed via the instruction of the closing attorneys. Jasmine, as an employee of an bank should know this. The attorneys in question don't even use Commerce Bank to hold funds! That is the one piece in this transaction that didn't fit and its too bad none of the investors saw it coming. But Jasmine Myers knew all along she was writing checks to John Capriotti.

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#2 Author of original report

If thats the case, John, then refund our money!

AUTHOR: Another Victim - (U.S.A.)

POSTED: Monday, November 05, 2007

If you and your friend Jasmine are victims in this, then why do you avoid phone calls, do not answer emails, and have as yet not refunded others who have posted in this forum? WHERES THE MONEY JOHN? Give us our money back and I will post on here about what a fine upstanding ex-con you have turned out to be. But I find it interesting that you monitor and check this forum. Why John? Its only a matter of time before you get caught for the scams you are pulling. Only a matter of time.

I sure know one thing that is true. You ripped me off plain and simple and you have clearly ripped off others too. So pay us back. Make good on your promise and I will be the first to post how you paid us back.

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#1 REBUTTAL Individual responds

NOT A THIEF

AUTHOR: John - (U.S.A.)

POSTED: Monday, November 05, 2007

MS. Jasmine was asked to perform a escrow type of position so that the funds can be routed to places that where needed to go. These deals are legit. In this certain deal the broker of the the deal scammed us out of 65k and still couldn't complete. His name is EARL WHITE III. He sent us wiring instruction and the money was sent out. He told us the loan had to be certified with a bank gauruntee of 5m. And the deal would be funded in this deal there was a profit for me of close to 2m in which would of paid all my cash investors and some.

"You quoted"This man sets up what appears to be legitimate real estate transactions with legitimate companies and persons to appear to have some credibility but its all a con. He cons the licensed real estate agents he puts in offers with, the lawyers he sets up for the closing and everyone in between.

Thats a lot of scamming that dosen't even sound right. Every deal is legit and fourth coming. Trying to close them is the hard part. Real estate is a hard in todays market. The deals are there but the people trying to close on them just dont qualify. Here is how it works.

Broker one contacts john of said property forsale at lets say 70% of true value.
I then negotiate the deal below 60% because hard money lenders cant go over 65%. I then find a buyer before I put my name on the contract. ( so that I don't have to buy it or go on title) at 65% or higher A profit of 5% or more depending on the discount.

Broker 2 after large amounts of advertising calls or emails me with a buyer but he wants a cut too. First questions is how is he buying it. CASH,FINANCING ETC.

Most of the time these people have good credit but not the down payment. Most deal require 1% down payment. Most states require to make deal legit. 1% of any deal over 2m is 20k and up. But lets not forget there is 2 transaction Im the buyer and seller so there is a need for 2 down payments. But lets not only remember that if there is a signed contract to buy and sell to another party that is legal too. Simultaneous closing. If the end buyer pulls from the deal or cant not be financed then the deal dosen't close and all investors are out of there payday including me. But all contracts state that all we be paid and they will once one of these deals completely goes thru.

Jasmine is a victim too. She is being accused of stealing and she didn't steal from no one she was asked by me to mediate as a escrow agent(not escrow account).
She was told by me where to send the funds. She was only doing what was asked. She know nothing of the transaction or the legitimacy of the deals. She was only a agent for me. These are legit deal that fell through.

JOHN

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