Report: #861158

Complaint Review: Westbridge Mutual LLC

  • Submitted: Thu, March 29, 2012
  • Updated: Sat, June 03, 2017
  • Reported By: Tdro5300 — Nashville Tennessee United States of America
  • Westbridge Mutual LLC
    10100 Santa Monica Blvd
    Century City, California
    United States of America

Westbridge Mutual LLC Michael Briscoe HUGE SCAM / FRAUD, Laundered nearly $1 Million from Our Business Century City, California

*Author of original report: Briscoe Still Scamming. New Names involved in this deal: Peter Dance, Ernie Walker, Jon "Aubrey" Divens, Bruce Haglund

*Author of original report: New Photos

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Editor’s Comment:  06/03/2017 -.  Ripoff Report believes in transparency and the more information the better.  In this instance, there has been court action regarding this subject Report.  We believe it important to note that not all Court Orders are alike.  Many court orders are absolutely legitimate and we make no representations about this court order situation However, we want our users to be aware that sometimes courts enter orders based upon default which typically means that the defendant didn’t show up. [continued below]....

.....  Sometimes a defendant won’t show up because they didn’t even get notice of the case proceedings in the first place and other times defendants may not show up because they don’t necessarily have the knowledge and/or the financial resources to fight.  Still, in other instances, a defendant may simply appear only to stipulate (settle) the case by agreeing to stipulate to a court order because they are being bullied by the plaintiff and whether what they said was true or not, they just want the matter to go away so they can move on with life and make the plaintiff go away.  Again, we make no representations about this particular court order situation.  We are simply providing you with additional information so that you may be more informed and, coupled with any additional research you feel is necessary, may make your own informed decision regarding the validity of this Report.  As always, we encourage our readers to do their homework and not just rely on one single source for information.  Google, through the Lumen Database, has provided the following document relating to this subject Report:

http://lumendatabase.org/notices/14206031 

Michal Papuc v Hydro Therm Technologies Group; Terra Venet Aka Terra Drotar - Judgment and Permanent Injunc... by Ripoff Report on Scribd

END OF EDITOR’S COMMENT

 

THE ORIGINAL REPORT IS UNDER THE LINE IMMEDIATELY BELOW 

____________________________________________________

In mid-December 2011, Hydrotech (HT) spoke with Jesse W. Hathorne and Michael A. Briscoe, representatives of Westbridge Mutual LLC, on a telephone conference call.  Mr. Briscoe and Mr. Hathorn told Hydrotech (HT) that their company, Westbridge Mutual, could obtain a loan in the amount of $8 Million through Wells Fargo Bank, funded within 10 days, for a fee of 10% or $800,000.  Mr. Briscoe and Mr. Hathorne stated that in order to obtain the $8 Million in funding within 10 days, Hydrotech was required to place 10% of the loan amount ($800,000) in an escrow in advance to cover loan costs and fees.  Mr. Hathorne and Mr. Briscoe stated that the escrow agent for the $800,000 fee was to be California attorney Michael Papuc.

In December, 2011, a loan request on behalf of Hydrotech to Mr. Briscoe, Mr. Hathorne,  and Westbridge Mutual for the $8 Million loan. In mid-Jan, 2012, Michael A. Briscoe and Jesse W. Hathorne provided names of two previous customers of Westbridge Mutual as independent business references:  

Daniel M. Gotvald, Leveraging Wealth LLC, 951-452-7985

Dayo Beverly, New Perspective Media LLC, 310-962-4310.
 
Dayo Beverly said that she worked in tv and film production and used attorney Michael Papuc, in separate transactions with Westbridge Mutual.  She stated she didn't have any current loans with Westbridge Mutual but will definitely use them in the future depending upon the level of capital needed at the time.
 
Daniel M. Gotvald said that he was a financial broker and claimed to use Westbridge Mutual on a regular basis and that he has used Michael Papuc numerous times.  He claims to have been very satisfied with both Mr. Papuc and Westbridge Mutual.  He recommended both Michael Papuc and Westbridge Mutual highly.
 
In late Jan, 2012, Hydrotech, Michael Papuc and Westbridge Mutual executed an Escrow Agreement whereby HT was to place $800,000 in escrow with attorney Michael Papuc to be released upon funding of the $8 Million loan. Hydrotech sent $800,000 by bank wire through their law firm pursuant to the Escrow Agreement. 
 
Michael A. Briscoe and Jesse Hathorn told HT reps that the loan was funding and the $800,000 should be released.  Michael Papuc told HT that the $8 Million loan was funding and asked HT to confirm release of the funds by Mr. Papuc.  The release was  authorized only if the condition of the Escrow Agreement for release of the funds had been met by the $8 Million loan funding.  In fact, contrary to the representation by Mr. Briscoe, Mr. Hathorne, and Mr. Papuc the loan had not funded. 
 
Michael Briscoe was arrested on felony complaint on another matter, involving identity theft, fraud, theft, etc., brought by the Los Angeles County District Attorney.
 
Daniel Gotvald had misrepresented himself as an independent business reference for Westbridge Mutual when he was a paid associate of Michael Briscoe and that Dayo Beverly misrepresented herself as an independent business reference when in fact she was the business partner and girlfriend/wife of Michael Briscoe and the mother of one of his children.  About this time, HT reps discovered that Michael Briscoe had defrauded others in a similar loan scheme and that the reason they could not reach Mr. Briscoe because he was in custody in LA county jail, having been arrested for identity theft and credit card fraud in a felony complaint filed by the Los Angeles District Attorney. 
 
HT reps spoke by telephone with Jesse Hathorne and demanded the return of HT funds. Jesse Hathorne said that Mr. Briscoe had been unavailable on a business trip to Las Vegas, when in fact Mr. Briscoe was in Los Angeles County Jail.  The conference call was recorded.  HT reps sent, to attorney Michael Papuc, a Notification of Non-performance, which under terms of Escrow Agreement triggers refund of $800,000 upon confirmation of the failure of Westbridge Mutual to cause bridge loan of $8 million to be provided to Hydrotech. 

On February 7, 2012, Michael Briscoe posted bond in the amount of $250,000 bail in matter of People v. Michael Briscoe LASC Case No. BA391884. 

As of March 18, 2012, Westbridge Mutual and Michael Brisoce have not returned the funds, nor provided accounting of the funds.  Efforts to contact Mr. Michael Briscoe, Mr. Jesse Hathorne, Mr. Daniel Gotvald, Ms. Dayo Beverly, have not been successful. Lawsuits are being filed.

Aliases: Mike Briscoe, Mike Anthony, Michael Anthony, Anthony Briscoe, Michael Briscoe, Dayo Azziza Beverly, Beverly Dayo, Danny Gotvald, Daniel Marinko Gotvald, Jesse Hathorne, Jesse Hathrone, Jesse Hathorn

Known States: California, Nevada, Texas, Louisiana, Maryland, Virginia, DC, London, England

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This report was posted on Ripoff Report on 03/29/2012 05:32 PM and is a permanent record located here: http://www.ripoffreport.com/reports/westbridge-mutual/michael-briscoe/scam-fraud/california-861158. 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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#1 Author of original report

Briscoe Still Scamming. New Names involved in this deal: Peter Dance, Ernie Walker, Jon "Aubrey" Divens, Bruce Haglund

AUTHOR: ERose - (USA)

They are back at it again. This time a gentleman in Washington state was being scammed by Michael Anthony Briscoe (from California and Maryland) and Westbridge Mutual. Because of this and other ripoff reports, he did not escrow the $200,000 that these guys were soliciting for a bogus "letter of credit" deal. The two attorney's involved in this apparent fraudulent deal (according to the business owner who was involved in this deal)were "Aubrey Divens" (better known as Jon Divens or Jon Aubrey Divens), of Beverly Hills California, and Bruce H. Haglund, of Irvine, California. Also involved were two "brokers" (or rather middlemen ... go betweens) who brought the victim to Westbridge Mutual for this deal. Their names are Peter Dance, NIR Now (aka National Information Referral, "Helping Homeowners Help Themselves") and Ernie Walker, NOW Funding ("Funding for the Entrepreneur").BEWARE!!! Shady stuff. Hooray for sites like this one that save people from fraudsters!
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#2 Author of original report

New Photos

AUTHOR: ERose - (USA)

Here are updated photos of two of the key conspirators
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