• Report: #727182
Complaint Review:

Thawer Ashcroft Crowne & Company LLC

  • Submitted: Mon, May 09, 2011
  • Updated: Thu, April 05, 2012

  • Reported By: disruption — Luxembourg
Thawer Ashcroft Crowne & Company LLC
4086 Chatham View Court Buford, Georgia United States of America

Thawer Ashcroft Crowne & Company LLC Waterbury Financial Services Inc. no verifiable credentials, office is a UPS store mailbox, founder a parasitic flim-flam man Buford, Georgia

*General Comment: The partner

*Consumer Comment: Rahim Thawer pays people to lie for him

*Author of original report: Rahim's sock-puppet show

*Consumer Comment: Former TAC Analyst

*Author of original report: A point of law

*Consumer Comment: Was dragging The UPS Store into this complaint meant mrant as intentional slander towards that business?

*Author of original report: Correction to company name

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If you are thinking of doing business of any kind with Thawer Ashcroft Crowne & Co I strongly advise you to look long, hard and deep into the background and credentials of Rahim Thawer of Atlanta, managing partner and the sole public face of this so-called "Global Venture Capital & Private Equity Firm."

I say sole face, because no trace can be found of any "Ashcroft or Crowne" or any of the people mentioned in Thawer's self-penned marketing verbiage.

Thawer has gone on the public record stating: "Our team comprises of former Goldman Sachs, Blackstone Group, Credit Suisse & KPMG executives who have raised over $9B collectively". Very impressive. But is any of it true?

Where are these people hiding? What are their names for a start? Why did they leave some of the top companies in the world to join a few month old nebulous mystery startup with no visible presence, backing, track-record or credibility?

Shockingly enough the Thawer Ashcroft "company" may be no more than a one person LLC, as was Thawer's previous "financial company" Waterbury Financial Services Inc. Thawer registered and ran Waterbury out of his family's $175,000 Atlanta area house - that's before relocating HQ in mid 2008 to a mailbox at the UPS Store at 3535 Peachtree Rd NE Ste 520 Atlanta, GA 30326. The other address, 2 Ravinia Drive Suite 500. Atlanta, GA 30346, used as the public front for Thawer's operations is another mail-drop at a Regus virtual office.

In fact "Thawer Ashcroft Crowne & Company LLC" was only registered in Delaware in August 2010, using a $139+ online filing service. This so-called "Global Venture Capital & Private Equity Firm" has no known office, staff, license, credentials or verified accomplishments as far as can be ascertained. A similar story to Thawer's previous financial "companies" - Disruptive Strategies Inc. and Waterbury. That's no surprise. Thawer has years of experience bigging himself up using sock-puppets, grandious press releases, fake LinkedIn accounts, multiple email addresses and incredible stories of hundreds of millions flowing through his hands. If he was half as good at creating wealth in a down economy as he says he is, he'd have been on the cover of Forbes by now. Not grubbing around Internet bulletin boards and the fringes of the Atlanta business scene, selling $100 VC seminar tickets and going to Meetup groups.

I could go and on about the outrageous antics of this parasitic flim-flam man and his boyish fantasies of Bugatti Veyrons and big bucks. Instead all I can recommend is that anyone who has even the slightest intention of giving Rahim Thawer money, or taking "business advice" from him, does one thing - have him, his "associates" and "companies", past and present, checked out professionally. Get a serious background check done. That's proper due diligence by a Private Investigator or equivalent pro, not just a Google search and a phone call to one his pals.

If he turns out to be the fake wanna-be that is described here, you may have saved yourself, your business, your real investors and your family from a lot of grief.

You can thank me later.

This report was posted on Ripoff Report on 05/09/2011 07:43 AM and is a permanent record located here: http://www.ripoffreport.com/reports/thawer-ashcroft-crowne-company-llc/buford-georgia-30518/thawer-ashcroft-crowne-company-llc-waterbury-financial-services-inc-no-verifiable-crede-727182. 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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Updates & Rebuttals

#1 General Comment

The partner

AUTHOR: volt - (United Kingdom)

In your update 12th May 2011 you state:

'That might include speaking with Thawer's former partner in Sarasota Florida, who seems to have his own corporation registration issues, as well as another collection of mystery "talent", most of whom chose to give up careers as F-18 Top Gun pilots in exchange for ????'

Can you confirm the partner name or entity you beleive this to be?
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#2 Consumer Comment

Rahim Thawer pays people to lie for him


THis guy Rahim Thawer is paying people to lie and post fake rebuttals for his business.

See this ripoff report http://www.ripoffreport.com/investment-brokers/rahim-thawer/rahim-thawer-clients-are-paid-21941.htm
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#3 Author of original report

Rahim's sock-puppet show

AUTHOR: disruption - (Luxembourg)

A completely laughable sock-puppet response from the slimy snake Rahim Thawer himself. Written in his trademark English-as-a-second language style.

Dear readers, it's a load of fanciful rubbish, just like the fake job ads he desperately posted last week.

As for the car. Not his. We saw that picture on his facebook page ages ago. 

Once again, don't take my word for it. Check and verify everything and anything very, very carefully.  You can thank me later.

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#4 Consumer Comment

Former TAC Analyst

AUTHOR: Former TAC Employee - (United States of America)

From Former Thawer Ashcroft Crowne & Co Employee (wrongfully terminated, "asking too many questions.").

Due to Privacy & Legal concerns, I cannot share my name as I do not want to expose myself legal and be a victim of a lawsuit.

He is nothing but an Egoistic, self centered b*****d! He is a real Shark who will lend you money for your company and take it back in numerous multiples, a true Vulture Capitalist!!!!

Here are the real facts that you need to know:

1. Sharing a personal family home address is totally uncalled for and very unprofessional, I would never to this to jeopardize anyones personal matter. 

2. Thawer has 2 home, 1 in Buckhead (Atlanta) that was purchased not too long ago for close to a million and a home in Newport Beach, purchase late 2010, little over a million.  Funnily the home's mortgage or noteholder is his one of his many LLCs (he has hundreds as do many VC).  These homes will not show in the public registrars office as they are shielded by 2 independent trusts controlled by the trustee, or beneficiary, Rahim Thawer himself and his attorneys!  The other home he has is GA, is just a front that he has put together which he doesn't own himself.

Why Trust Accounts?  From what I understand he has pending lawsuit in Europe and South Africa, suing his cousin, former employee at WFS too for a few million dollars.  

As it goes for PO box services, all creditable businesses can have those addresses and also for the privacy of his business relationships.  I would focus on his business relationships, who his friends are that they work together??

I was invited to his Newport Beach home a few months ago, while I was still an employee, where I was wrongfully terminated.  Let me tell you who his friends are and you can make your own mind about him,

Soros Fund Managers.
Carlyle Group VPs.
Bank of America Executives
Republicans.  Funny how you have a mix of Democrates and Republicans working as bankers!! Where you have Jews & Muslims working together?  Yet in front of the world they are fighting!!  And funnily most of his partners are Jews!

These are the same vultures who are killing corporate america an defining new rules.  I am not sure how much he is connected to Soros himself but he seems to have a close relationships with these boys who are in the making.  These are the George Soros or Gordon Gecko in the making.  I suggest to go seeking capital elsewhere or raise money from your friends.  These sharks will eat you alive.

FYI here is the office I was working out of which they have recently moved:


11400 West Olympic Boulevard
Los Angeles, California 90064

New Los Angeles: 

601 South Figueroa Street
Los Angeles CA 90017

New Atlanta:

1075 Peachtree Street NE
Atlanta, GA 30305

And yes, he may keep a low profile in Atlanta, but he was driving a 6 month leased F430! Maybe Bugatti is next?

Move on and be thankful you were not fired or no money made your way as you would be working in a sweatshop in china right now trying to pay off his note!!!!!!!!
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#5 Author of original report

A point of law

AUTHOR: disruption - (Luxembourg)

Georgia law forbids the use of a maildrop (such as a private mailbox service) or USPS PO Box as the legal registered address of a corporation. A real street address must be used, so that the corporation can be served in a lawsuit.

Waterbury Financial Strategies Inc. is a Georgia corporation and is bound by these rules.

Mandatory annual corporate filings, signed by Rahim Thawer, the sole officer of Waterbury Financial Strategies Inc., show the UPS Store address and not a real, legal physical address. Mr. Thawer has filed these invalid reports for three years running in violation of Georgia law, despite the presence of a clear warning as to the requirements for legal filing status, which appears a few lines above his electronic signature.

The mention of the UPS Store was in no way derogatory and no such inference should be drawn. They provide a fine and useful service to many. The only issue here is what Thawer has managed to get away with in the past. He is free to receive his mail wherever he pleases, but as an officer of the corporation he is required to obey the law, or face the consequences.
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#6 Consumer Comment

Was dragging The UPS Store into this complaint meant mrant as intentional slander towards that business?

AUTHOR: Thomas K - (USA)

Thousands of legitimate businesses, including those with nationally known corporate names, utilize The UPS Stores and post office locations for their address of correspondence. This complaint not only suggests to readers, but also emphasizes, that the fact that a business operating via one or more of these locations may reduce the legitimacy of that business.  This should be obvious that that is the furthest from the truth, yet some readers may question whether the author of this complaint has intentionally slandered the integrity of UPS or the United States Post Office. If that was not the intent of the complainer, perhaps clerification of his point is due. 
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#7 Author of original report

Correction to company name

AUTHOR: disruption - (Luxembourg)

A white-collar fraud investigator from South Africa pointed out in a private forum that Thawer's one-man UPS Store (Mailbox Etc.) headquartered corporation is "Waterbury Financial Strategies Inc." and not Waterbury Financial Services Inc.  Please consider this a correction to our earlier report. 

The entity "Waterbury Financial Strategies Inc." is a Georgia Corporation. At one point Thawer headed west and set up Waterbury at 1700 Broadway in Santa Monica California. This does not appear to be a business district or a likely location for an international financial corporation. Also California records do not show the registration of Waterbury Financial Stratagies Inc. as a foreign corporation, nor is there any record of a California corporation with the same name.

As previously stated, interested and concerned parties should engage professional assistance in performing due diligence. That might include speaking with Thawer's former partner in Sarasota Florida, who seems to have his own corporation registration issues, as well as another collection of mystery "talent", most of whom chose to give up careers as F-18 Top Gun pilots in exchange for ????

More to follow.....

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