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Report: #1338369

Complaint Review: Status Group International Corporation - Islip Terrace New York

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  • Reported By: John — los angeles California USA
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  • Status Group International Corporation 509 Providence Dr. Islip Terrace, New York USA

Status Group International Corporation this is a scam - they do not honor their contracts Islip Terrace New York

*REBUTTAL Owner of company: Unfair and Frivolous Complaint

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The Status Group LLC is a scam - they target small business owners' and convince them they can connect them with investors to help grow and scale a small business. They have you pay $3,500 for their services to introduce you to an interested investor - AND in the contract they have a money back guarantee...."Pay to the Company, a refundable* engagement retainer/fee of $3,500.00  - refund if investor declines to fund. There are a bunch of templates to fill out, but after they get the money - their communication slows and eventually stops. They blame the troubles and delays on the investor (who is also in on the scam) and say they will eventually get you funded - but after 3 years they do not, and then will not refund your money...

This report was posted on Ripoff Report on 11/15/2016 09:36 PM and is a permanent record located here: https://www.ripoffreport.com/reports/status-group-international-corporation/islip-terrace-new-york-11752/status-group-international-corporation-this-is-a-scam-they-do-not-honor-their-contracts-1338369. 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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REBUTTALS & REPLIES:
0Author
0Consumer
1Employee/Owner

#1 REBUTTAL Owner of company

Unfair and Frivolous Complaint

AUTHOR: Allan Goldner - (USA)

POSTED: Wednesday, December 07, 2016

Our services as a Consulting Firm is to connect qualified clients with projects that are suitable to our investors and meet their qualifications for funding.  We facilitate hundreds of millions of dollars on behalf of our clientele every year.  When we accept a client for funding, we guarantee that our investors will offer to fund. Without that offer, we shall provide a refund. Our services requires paid for staff that have to meticulously assemble the financial package as specified by the investment group.  If we fail to interest our investor, we guarantee the refund.  Onve our investor(s) accept the client's project by direct agreement with said client in a MOU agreement, our guarantee has been satisfied.  Should the investor and his group decline for any reason during his due diligence or KYC to fund the project, that is between the client and the investor.  As consultants, we cannot be responsible once the client has engaged the investors directly.  We represent the best interests of our clients and protect the interests of all parties.  Unfortunately not every project is revealed as it is presented and not every client is satisfactory.  Our only job is to package and we do not weigh in on the accuracy or integrity of what the client presents.  Our satisfied clients over the past 10 years speak to our integrity and results but sometimes what is yellow, waddles, and has a beak is a duck after all. I'm sorry to say this is sour grapes and nothing more. 

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