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Ripoff Report | Ft lauderdale, Florida - Pi llc praxis capital
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Report: #1501780

Complaint Review: - Ft lauderdale Florida

  • Submitted:
  • Updated:
  • Reported By: K — calso maine United States
  • Author Not Confirmed What's this?
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  • 101 NE 3rd Avenue Suite 1500 Ft lauderdale, Florida United States

Pi llc Praxis Capital, John Martinez Received deposit and fraudulently never performed any services Ft lauderdale Florida

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Pi/Praxis Capital claims to be a private capital lender. Company is owned by John Martinez. Pi formerly known as Praxis Capital, only collect fees for due dilgence third party work but never conducts any due diliegence to fund any loans. To avoid being exposed to provide proof of capital to fund loans, they request additional large deposits before commitment with the intention to defraud borrowers and refuses to return deposits by claiming borrower refusal to sign final paperwork.

Before borrower adheres to their demands, borrower requested proof of due diligences but John Martinez (president) gives excuses and claims PI is not obligated to show proof and declines to show any evidence of work performed by any third party vendors. This a fradualent trick is used to blame borrower for not moving forward so Pi can refuse refund deposits.  They have not funded any projects and only take in deposits and expect borrowers to walk away.

DO NOT MAKE ANY DEPOSITS TO THE COMPANY. THEY ARE A FRAUD.

This report was posted on Ripoff Report on 11/10/2020 10:39 AM and is a permanent record located here: https://www.ripoffreport.com/report/ft-lauderdale-florida-pi-llc-praxis-capital-john-martinez-1501780. 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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