Complaint Review: Ritch & Associates
Ritch & Associates Robert Ritch scam Knoxville, Tennessee
*Consumer Comment: Robert is a very intelligent, positive individual
*REBUTTAL Owner of company: Did your deal get funded?
*Consumer Comment: Robert has been an absolute blessing to deal with!
*Author of original report: Robert Ritch Swindler
*Consumer Comment: Rob has funded many deals!
*REBUTTAL Owner of company: Get the Facts Right if You are going to publish them,
*Consumer Comment: Robert is a truly exceptional individual
*Consumer Comment: Robert Ritch is a great guy
*Consumer Comment: Robert Ritch SCAM FRAUD
*Consumer Comment: Rob Ritch SCAM CENTRAL
*REBUTTAL Owner of company: There are no free rides
Ritch came to Houston for our meeting. He wanted to meet in the dining room and was thirty minutes late, but, nevertheless, we had a pleasant meeting. I like dealing with pleasant people and Ritch was pleasant. He laid out two funding options. The first involved my putting in money which I do not have and told Ritch. He went to a second option - a prerevenue stock offering which I liked because it fits the venture well. I offered to drive Ritch around while he was in Houston, but he declined saying he would visit an investor. I notified our management team that Ritch would call, for due diligence, and had a list of phone numbers. Ritch declined to make the calls. Ritch promised to send a written offer next week. We parted. I thought I was funded.
No written report came next week. I waited a month and contacted Ritch by email. No response. By telephone. No response. Finally, Jeff called and gave me the "offer" verbally. I had to put in $25,000 as partial payment for a suitable corporate shell. I became angry as I had told Jeff and Ritch that I had no more money to put into the funding. In fact, I had to borrow $3,000 to get the audience. Jeff said he would get back to me. Never did.
I wrote an email to Jeff with copy to Ritch stating the above and I was disappointed with both of them. Ritch did respond to this email. He told me that Jeff had told me, in advance, that I had to put in $25,000 to get funded. He ended by accusing me of wasting his time. (This is, of course, after I paid him $3,000 for the audience.)
To any reading this report, do no make mistake. In fact, with regard to funding, I have never had a positive outcome from paying any front fee.
This report was posted on Ripoff Report on 12/30/2011 02:35 PM and is a permanent record located here: http://www.ripoffreport.com/reports/ritch-associates/knoxville-tennessee-37952/ritch-associates-robert-ritch-scam-knoxville-tennessee-815966. 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
If you would like to see more Rip-off Reports on this company/individual, search here: