Universal Capital Solutions Master Capital SolutionsFernali Ferrice Breach of Contract for collateral loan program. Promise to structure qualified collateral for Business Loan is a FRAUD. Stay away from UCS-MCS!! Oak Brook Terrace Illinois

RIPOFF REPORT VIP ARBITRATION - SUMMARY OF ARBITRATOR’S DECISION

Master Capital Solutions

v.

Anonymous, Author of Report #: 1126637, 1126962 & 1129732

Master Capital Solutions (the “Complainant”) through Ripoff Report’s VIP Arbitration Program has challenged the truthfulness of certain specific statements (each, a “Statement”) posted by Anonymous (the “Author”) on the Ripoff Report website at www.ripoffreport.com at Ripoff Report #’s: 1126637, 1126962 & 1129732  (the “Report”).  The Complainant denies the allegations. Author did not provide a response to this matter upon invitation. Therefore, in accordance with the Ripoff Report VIP Arbitration Rules (the “Rules) the Author waived their right to participate in this Arbitration. By submitting a Report on the Ripoff Report websites, the Author agreed that a dispute over this matter may be submit by the Complainant to the Ripoff Report VIP Arbitration Program.

In accordance with the existing Rules at the time of this Arbitration, the Arbitrator was asked to decide whether the challenged Statements were an opinion or a fact. If, and only if, the Statement was determined to be a statement of fact, the Arbitrator was asked to further decide if, by a preponderance of the evidence, to determine if the Statement was true or false.  If the statement identified by the Complainant is determined to be an opinion, no determination will be made as to that particular Statement because an opinion cannot be determined to be true nor false.

In this case, because the Author did not appear and participate in the process, the Arbitrator had only the evidence submitted by the Complainant to consider. The evidence submitted included Ripoff Report #’s: 1126637, 1126962 & 1129732, Complainant’s Arbitration Statement, Complainant’s Witness Statement, and other supporting documentation (collectively, “Supporting Evidence”).

Each Statement appropriately challenged by the Complainant has been considered, together with the Supporting Evidence.  The Arbitrator determined that certain statements challenged in the Reports were false. Therefore, according to the VIP Arbitration Rules, those statements have been redacted.

Arbitrator rendered the ruling on March 22, 2019.

NOTE: A copy of the full Arbitrator’s Decision is available upon request. Please e-mail arbitration@ripoffreport.com with the name of the Complainant and Report number.

---------------------------------------------------------

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)) offered by Universal Capital Solutions, a.k.a., Master Capital Solutions ("UCS-MCS"). 

When UCS-MCS accepted SGN into the program, SGN signed a Term Sheet on May 17, 2013 and paid an additional $2,500 for underwriting & processing and a $12,500 commitment fee for UCS-MCS to structure a qualified Collateral Instrument to complement our project (i.e., business applying for loan) and coordinate both of these elements with a lender to receive a commitment for a $2,000,0000 business loan.

When UCS-MCS's efforts with an initial lender were unsuccessful, ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)). ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration))  UCS-MCS introduced another loan-broker who presented our project to lenders.

This broker was able to identify a lender willing to fund SGN's business loan subject to receiving validation that UCS-MCS has structure a qualified Collateral Instrument. However, ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)) to SGN.

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration))

We have also filed a complaint with the Better Business Bureau and Illinois Attorney General.