Complaint Review: Julie Anne Markwood - Florida
- Julie Anne Markwood Florida United States
- Phone: 773.708.9254 ; 312.890.76
- Web: www.moonandbackcapital.com ; www.ae...
- Category: Finance, Financial Fraud, Financial Services
Julie Anne Markwood Julie Ann Markwood Julie Markwood Joshua Staggs Joshua John Robert Staggs Moon & Back Capital LLC Moon & Back Consulting LLC Aeterna Capital Partners Non performing "lender" takes deposit and never funds - promises return of deposit - doesn't make good on promise. Florida
*Consumer Comment: Aeterna Capital Partners - loan agreement no-show
*Author of original report: Connect - Contact
*Consumer Comment: connect
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Our company was in the process of seeking financing for growth. Julie Anne Markwood ("Markwood") - who holds herself out as a loan broker, offered to bring a lender or iinvetor to the table. Ms. Markwood is either a principal of or has worked with the following companies: Moon & Back Capital LLC, Moon & Back Consulting LLC, Drum Roll Capital LLC as well as several other organizations. (Markwood's LinkedIn profile is: https://www.linkedin.com/in/jamarkwood/ ) Markwood informed us that she had an investor that liked companies in our sector and asked for our pitch deck in order to gauge their interest.
The investor that she believed would have an interest was Aeterna Capital Partners from the Cayman Islands - there are many companies with this name but this one has a website of: www.aeternacapitalpartners.com. The company was represented by a person who went by the name of Joshua John Robert Staggs. In conversations with Josuha Staggs, he said Aeterna represented several family offices and other high net worth individuals and entities. The literature from Aeterna also showed that a Mr. Albert Cheok was affiliated with Aeterna. The picture in the Aeterna brochure is Albert Cheok known for his role in pioneering REITs in Singapore (among other things) but there was never any contact or communication from anyone who represented themselves as Mr. Cheok.
After review of our pitch deck and preliminary financial information, Aeterna issued a term sheet for a convertible loan.
While we had concerns about Aeterna (we had never done a deal with them), we were assured by Julie Anne Markwood that they were legitimate and that she had closed deals with them recently. She was so confident that she indemnified us for half of the due diligence fee in the event that Aeterna did not fund.
The term sheet called for a substantial ($75,000) due diligence fee, however, the parameters of the term sheet called for the deposit to be fully refundable in the event the deal did not close except in the case of borrower fraud.
We went through the due diligence process and the funding was approved. Loan documents were signed by all parties and a closing was scheduled.
The closing never happened. The funding never came. We made a demand for teh deoposit but the deposit was never returned despite several promises that is was on the way. The indemnification was ignored by Ms. Markwood.
Joshua Staggs made claim after claim for weeks after the scheduled closing date - but funding or a deposit return was not forthcoming.
Repeated demands to Julie Anne Markwood to enforce the indemnification were ignored and no proof of Aeterna actually funding a deal was ever provided.
Caveat emptor with Julie Anne Markwood, Joshua Staggs, Moon & Back Capital/Consulting, Drum Roll Capital and Aeterna Capital Partners.
We are pursuing further legal action but wanted others to be aware of our experience.
This report was posted on Ripoff Report on 05/23/2023 06:07 AM and is a permanent record located here: https://www.ripoffreport.com/report/julie-anne-markwood/florida-ann-joshua-staggs-1526505. 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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#3 Consumer Comment
Aeterna Capital Partners - loan agreement no-show
AUTHOR: John - (United States)
SUBMITTED: Tuesday, July 04, 2023
We are a company that Aeterna Capital Partners (point-person is Joshua Staggs) have a loan agreement with that has yet to be fulfilled. Our original funding date was supposed to be 4/12/2023, then 4/26, then 5/2, then 5/5, then 5/8 ... and so on. Every day it's the same excuse list they seem to cycle through. We have a fully executed loan agreement and never thought in a million years that the lender would not fulfill the agreement?!
We are now waiting for the wire transfer to materialize tomorrow, which is the same story for almost the last 90 days. I don't know if this is a fraud or just a complete display of the most incompetent and inept investment managers in the world. This is a binary outcome: if the loan is funded then Josh and his Introducing Broker, Julie Anne Markwood, are just really unlucky and inept. If Aeterna never funds this loan, then they are both criminals of something I'm sure because what is going on just isn't right.
I hear that 8 or 9 companies in the US are twisting in the wind like us. Feel free to contact me if you are a me-too as well. jvs@qxc.us
#2 Consumer Comment
connect
AUTHOR: stu - (Canada)
SUBMITTED: Wednesday, June 07, 2023
Hi,
would like to chat about combining efforts toward legal action.
#1 Author of original report
Connect - Contact
AUTHOR: Ripped Off - (United States)
SUBMITTED: Friday, June 02, 2023
Would be great to connect and discuss shared experience - feel free to emal me at:
Aspen9000@proton.me
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