• Report: #484149
Complaint Review:


  • Submitted: Sun, August 23, 2009
  • Updated: Tue, June 07, 2011

  • Reported By: knally1972 — USA
2417 12TH AVE S Minneapolis, Minnesota United States of America

KC FINANCIAL MGMT SERVICES INC Cheryl Wetternach & Kimberly Kippels PO BOX 19527 MINNEAPOLIS, MINNESOTA 55419-0527 Fraud, Very Misleading, Lying to State and Federal Govt. Agencies, Unethical, Completely Dishonest Nationwide

*Consumer Comment: Original report is all lies

*REBUTTAL Owner of company: Fabricated/Inaccurate Information

REBUTTAL BOX™ | Respond to this Report! | Consumer Comment

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Major Fraud and Abuse being committed by KC FINANCIAL MGMT SERVICES INC

KC FINANCIAL MGMT SERVICES INC is officially listed as a charitable organization in the State of Minnesota, but is actually in fact a social security representative payee company which collects monthly fees of 30.00 USD per client

That in itself is legal according to social security rules and regulations. What is not legal and represents abuse and fraud, is how they conduct their business affairs, how they manage, embezzle, and misuse clients funds. KC FINANCIAL MGMT SERVICES INC is very deceptive in fraudulently misleading the social security administration into believing KC FINANCIAL MGMT SERVICES INC is not only a reputable company; but also a company that follows and abides by the strict guidelines, rules, and regulations set forth by social security in ensuring that the communities most vulnerable citizens receive just and proper care.


KC FINANCIAL MGMT SERVICES INC has a P.O. Box set-up as their official mailing address to hide the fact that KC FINANCIAL MGMT SERVICES INCs actual place of business is also CHERYL WETTERNACHs mom Elvera Wetternachs private place of residence at 2417 12th Ave S in Minneapolis, Minnesota. KIMBERLY KIPPEL also lives with her mother Gladys Kippels in St Paul, Minnesota, at 6875 132nd Street Ct, Apt 5, phone number is (952) 997-2274. CHERYL WETTERNACH is a single mom to Loyola student basketball player Ross Forman, who she had with Robert Forman.


We are a dedicated pro bono team of lawyers, paralegals, and community outreach workers who work hard to ensure fairness and justice when dealing with vulnerable members of our community. We were really appalled upon learning this very disturbing evidence. We usually judge by facts, evidence, and first-person or eye-witness accounts to said tragic events. Upon interviewing some of KC FINANCIAL MGMT SERVICES clients and doing some investigative work ourselves, here is what we learned and found out:

- Many different clients of KC FINANCIAL MGMT SERVICES have very strong suspicions of KC FINANCIAL MGMT SERVICES embezzling some of their social security benefits; while KC FINANCIAL MGMT SERVICES collects a 30.00 USD fee on top of that, which taken out of clients monthly benefits. Many clients of KC FINANCIAL MGMT SERVICES have also not received any financial statement whatsoever from KC FINANCIAL MGMT SERVICES. A couple clients stated they had been with KC FINANCIAL MGMT SERVICES for upwards of two years and have never ever received a financial statement from KC FINANCIAL MGMT SERVICES detailing and stipulating how the clients benefits had been spent, or what exactly they had been spent on. Many clients also stated that KC FINANCIAL MGMT SERVICES frequently delayed making timely payments to them. It sometimes took KC FINANCIAL MGMT SERVICES the entire month to send out the benefit check that a lot of these vulnerable citizens depend on for food, clothing, shelter and paying their bills; as it is usually the case with these very vulnerable citizens that social security benefits are there only source of income for them to get by on.  These same clients and a few others with help from their family members sat down and crunched together the total amount they had received from KC FINANCIAL MGMT SERVICES INC. When those numbers did not match up with what the clients were suppose to be receiving via social security end of the year tax forms, all communication with KC FINANCIAL MGMT SERVICES fell on deaf ears, as both CHERYL WETTERNACH and KIMBERLY KIPPEL ignored all emails, phone calls and voicemails left for them by very concerned family members looking out for the best interest of their loved one. KC FINANCIAL MGMT SERVICES, CHERYL WETTERNACH, and KIMBERLY KIPPEL also have been found to be negligent by having the social security administration correspondences mailed to KC FINANCIAL MGMT SERVICES INC P.O. Box; and then CHERYL WETTERNACH and KIMBERLY KIPPEL withholds forwarding that important correspondence to many of their clients    

- KC FINANCIAL MGMT SERVICES INC has been prone to frequently switching banking institutions to help cover up their embezzlement activity from both the social security administration and from previous and current clients. KC FINANCIAL MGMT SERVICES then purposefully misleads the social security administration by submitting forged annual financial and accounting records; thus committing fraud by purposefully lying and committing fraudulent activity with intent to misuse and abuse social security benefits for their own personal use


- We had a reporter go undercover to try and interview Elvera Wetternach at her home in Minneapolis to see if anything new could be uncovered about the many clients allegations of fraud, misuse, and abuse. The reporter was refused entry, told CHERYL WETTERNACH was out on business, and Elvera Wetternach declined to be interviewed. After that the reporter started to leave, when at that moment the reporter noticed a car pulling up in the back alley. The reporter quickly proceeded to try and interview the people inside. One person getting out of the car identified herself as CHERYL WETTERNACH, and she was carrying what appeared to be an older gentleman wearing a Loyola sweatshirt. When the reporter identified them self to CHERYL WETTERNACH and the senior gentleman, CHERYL WETTERNACH quickly clammed up, absconded from comment and even verbally threaten our reporter. When the reporter stated that 2417 12th Ave S, Minneapolis, MN was what the State of Minnesota had listed as the official place of business for KC FINANCIAL MGMT SERVICES INC, and our reporter was just there to get more information pertaining to KC FINANCIAL MGMT SERVICES INC, CHERYL WETTERNACH flew into a hysterical screaming tirade, demanding that our reporter leave immediately or CHERYL WETTERNACH would call the police. When our reporter reinterred the fact that the State of Minnesota had listed this address, 2417 12th Ave S as the official place of business for KC FINANCIAL MGMT SERVICES INC and did they have another office somewhere? CHERYL WETTERNACH then got right into the face of our reporter and screamed for the second time that our reporter leave immediately or CHERYL WETTERNACH would call the police

If you have a loved one suffering from a disabilty or near retirement age, we strongly urge you to avoid KC FINANCIAL MGMT SERVICES INC at all costs, we feel they are criminals by the way CHERYL WETTERNACH and KIMBERLY KIPPEL's have been shown to mislead, commit fraud, deceitfully conduct  KC FINANCIAL MGMT SERVICES INC business affairs, and how they manage, embezzle, and misuse clients funds. Thank You! 

This report was posted on Ripoff Report on 08/23/2009 06:40 AM and is a permanent record located here: http://www.ripoffreport.com/reports/kc-financial-mgmt-services-inc/minneapolis-minnesota-55404-3809/kc-financial-mgmt-services-inc-cheryl-wetternach-kimberly-kippels-po-box-19527-minneapol-484149. 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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#1 Consumer Comment

Original report is all lies

AUTHOR: howie - (United States of America)

KC Financial has been my payee for a few years and this person who made this report must be doing some serious drugs or have other serious issues. KC Financial has been nothing but good to me and a couple other people i have referred to them.  The person I talk to most is Cheryl and she is nothing but professional and always has the answer or information I am looking for.  This agency is very together and does provide clients with quarterly and year end reports and they send all important social security stuff.

To the person who wrote these lies...SHAME ON YOU a*****e.  To this site, Ripoff Report, for publishing stuff before finding out any facts and having a hand in assisting liars as they work to ruin reputations of good companies...SHAME ON YOU TOO!
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#2 REBUTTAL Owner of company

Fabricated/Inaccurate Information

AUTHOR: KC Financial Mgmt Services, Inc. - (United States of America)

We, the owners of KC Financial Mgmt Services, Inc. would like to provide people with correct information.  First, most information on the internet is old/outdated and the information provided in the initial report is completely inaccurate.  Here is our correct information:

Our registered office address is (which is on the State of MN Business website) KC Financial Mgmt Services, Inc., 380 Jackson St., Suite 700, St Paul, MN  55101.  This address should be used for legal correspondence only.

Our mailing address is KC Financial Mgmt Services, Inc., P O Box 19527, Minneapolis, MN  55419.  This address should be used for all other documentation, inquires, etc.

To contact us directly, Kim Kippels (612) 532-8807 and Cheryl Wetternach (612) 532-8810.  Our fax number is (612) 871-4252 and email is kcfmsinc@yahoo.com  KC Financial does not have a web page.

The original report filed against our company was done so by a disgruntled client (that didn't get his way), who misrepresented himself as a "team of lawyers, paralegals, community outreach worker and reporter" to post his report on this site. 

The "reporter" stated that he went undercover to interview a family member and was denied.  However, the "reporter" never stated that after being denied he tried to force his way into the house past an 86 year old woman.  He then states he waited for Cheryl and was verbally threatened by her when she pulled into the driveway. At this time the "reporter" demanded that Cheryl give him his check.  At no time did he state he was a "reporter" wanting an interview or to ask questions.  Instead he identified himself as a client of KC Financial and wanted his check to be issued to him on the spot.  However, said check had been mailed to him the day before.  His request for "on the spot check" was denied and he was asked to leave the premises.  

As for the alegations of abuse, fraud, embezzelment and misuse of client funds we vehemently deny these alegations. We understand as representative payee's our clients are not always going to like us or be happy with our decisions regarding their money.  That is to be expected.  We are more than willing to talk to any of our clients regarding their finances and monthly expenditures.  We provide Social Security with all reports and documents that they request, and have financial reports from our bank that contain all checks cashed and deposits received. 

Both of us have no issue with our information being on this report, but what we do have issue with is our family being brought into this.  KC Financial is our business and we would like to request that their names be taken off the report filed, they have absolutely nothing to do with KC Financial Mgmt. Services, Inc.

Please contact either Kim or Cheryl regarding what an organizational representative payee does or feel free to visit the Social Security web site, www.ssa.gov and enter Representative Payee in their search bar.  This will give information on the role of a representative payee.

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