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Report: #1526275

Complaint Review: Ioticiti Networks Inc. – Metro Connect International - Mustang Holdings - Metro Wireless - Markham Ontario

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  • Reported By: West Palm Petrie — Ponte Vedra Beach Florida United States
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  • Ioticiti Networks Inc. – Metro Connect International - Mustang Holdings - Metro Wireless 100 Allstate Parkway, Unit 801, 900 Markham , Ontario Canada

Ioticiti Networks Inc. – Metro Connect International - Mustang Holdings - Metro Wireless Cecil Darren Frank – Dfrank@ioticiti.com Darrin Frank Sophia Frank Sophia Opasinis Darrin Frank Jr. Ron Frank – Rfrank@ioticiti.com Lou Gallucci – Lgallucci @ioticiti.com Jordan Gallucci – Jgallucci@ioticiti.com Ioticiti Networks Inc. – Metro Connect International - Mustang Holdings - Metro Wireless Cecil Darren Frank – Dfrank@ioticiti.comDarrin FrankSophia FrankSophia OpasinisDarrin Frank Jr.Ron Frank – Rfrank@ioticiti.comLou Gallucci – Lgallucci @ioticiti.comJordan Gallucci – Jgallucci@ioticiti.com Ioticiti Networks Inc. – Metro Connect International - Mustang Holdings - Metro Wireless Cecil Darren Frank – Dfrank@ioticiti.comDarrin FrankSophia FrankSophia OpasinisDarrin Frank Jr.Ron Frank – Rfrank@ioticiti.comLou Gallucci – Lgallucci @ioticiti.comJordan Gallucci – Jgallucci@ioticiti.com Investment Fraud- private company and should only have had 50 investors. To our knowledge there are 150+ shareholders. Ioticiti has not followed the laws under the BC Corporation Act or the BC Securities Commission. These people have brought undue stress and hardship to many shareholders families by perpetuating lies and given false deadline dates to when investors would be paid dividends, when shareholders would be bought out and even denying them any documentation about comapy financials, evaluations of their technology or current share price. Markham Ontario

*Consumer Comment: Terribly Disgusting individuals ----- they continue to rip off people ------ do not lend them anything and report them to the police\rcmp.

*REBUTTAL Individual responds: 401k gone.. we are really suffering.

*REBUTTAL Individual responds: thieving disgusting individuals.. 0 morals.. 0 ethics.... truly garbage people.

*REBUTTAL Individual responds: Every single one of the business execs and team are complicit; they all knew what they were doing to the shareholders, employees and partners.

*UPDATE EX-employee responds: "Jane you are a millionaire you just dont know it yet" - Cecil Darren Frank

*UPDATE Employee: "this is the best Christmas you are ever going to have" - Cecil Darren Frank

*UPDATE EX-employee responds: destroyed friendships, destroyed our lives, destroyed our families ---- they lied to all of us

*Consumer Comment: iot and opportunities

*REBUTTAL Individual responds: God bless - using gods name in vain - what sad individuals.

*Consumer Comment: sad and amazed - looking forward to seeing the case information.

*Consumer Comment: lied to innocent people, lied to government, lied to financial institutions...

*REBUTTAL Individual responds: destroyed families while pampering their own... truly evil bunch

*Consumer Comment: as the marketing material said "Connect the Dots" -- They are all complicit.

*REBUTTAL Individual responds: they used our kindness against us in wanting to help them make ioticiti a great company.

*REBUTTAL Individual responds: if you havent already done so we are urging you to participate in the filings with the bc securities commission.

*REBUTTAL Individual responds: many many families and business have been ripped off internationally.

*REBUTTAL Individual responds: I used my kids university funds and i told them i was going to do this. They have destroyed my kids futures.

*REBUTTAL Individual responds: BDC and Fund Raising.

*Consumer Comment: Why? They were doing well with the their municipal, province, state and possibly nationwide projects?

*UPDATE EX-employee responds: Michael Friedman, Andrew Branion, Lou Gallucci and Jordan Gallucci - exit from the company with no minutes or agm distributed to anyone.

*UPDATE EX-employee responds: SNRED Credits - We understand now why they were never obliged even though many of us knew what we were doing at ioticiti would qualify for all the SNRED credits.

*UPDATE EX-employee responds: Why wasn't the Supreme Civil Suit May 2021 announced to the shareholders when it first arose?

*UPDATE EX-employee responds: Why wasn't the Radio Mobile suit announced to the shareholders when it first arose?

*UPDATE EX-employee responds: All the executives participated in fund raising for a decade. Nobody at any time considered calling out where the money was going even though cheques were directly handed to them.

*UPDATE EX-employee responds: Connected Rip Off Reports - Link 1 and Link 2

*Consumer Comment: Background on the Franks - US Court Filings.

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Tale of Two Cities- Markham Ontario 2023 - What some thought was a lucky chance to have the privilege to being invited to invest in a new IoT company that developed their own WIRELESS SUPERHIGHWAY namely IOTICITI NETWORKS INC. (Metro Connect International - Mustang Holdings - Metro Wireless) Darrin Frank and Lou Gallucci began sucking in small investors, family's and small businesses to keep them afloat until they were able to bring in some big investors(FISH). Since 2015 they have had 3 different private placements at various prices, they have received deposits from future business partners, they first told shareholders they were focusing on Canada and the USA, then they were meeting and negotiating with potential Global buyers. Since early 2018 it has been delay after delay after delay having negotiations with various parties to buy ownership, with signings of various partnerships and multiple client agreements. The problem is shareholders were getting verbal updates to all these details via phone calls from the VP of Business Development namely Lou Gallucci. In mid 2021 there was a company evaluation done by Deloitte and by the end of 2021 there were new officers hired CEO Andrew Branion (Former Scotiabank) and COO Michael Friedman (Former Scotiabank) with shareholders being updated by Mr. Gallucci again. In 2022, there was an evaluation completed by the C.T.I.A of Ioticiti’s US and Canadian Spectrum licences which were needed for the negotiations with potential ownership buyers. However, this information has not been shared with any shareholders, only verbal confirmation to a few shareholders by Lou Gallucci. To the present day there has never been a shareholders meeting, vote, or sharing of any documentation. Now many family and friends are fighting because in today's economy, many of the initial small investors need there investment out of Ioticiti before they loose property, businesses and spouses.

Tale of Two Cities- Boca Raton Florida 2006 - Cecil Darrin Frank and his wife Sophia (Opasinis) Frank found guilty of fraud and deported to Canada.

https://www.govinfo.gov/content/pkg/USCOURTS-flsd-9_05-cv-80732/pdf/USCOURTS-flsd-9_05-cv-80732-0.pdf?fbclid=IwAR3KQ8iPQqrpxodEhX7-MhNcMVytwOpNzbLAJTJqcob8_X0-ljaUAjkdpQY

http://search.sunbiz.org/Inquiry/corporationsearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=AMERICANMASTERCRAFTSTEELBUILDI%20P980000444270&aggregateId=domp-p98000044427-19202bd4-9873-4f15-b645-faf0051db553&searchTerm=AMERICAN%20MASTERCRAFT%20INC.&listNameOrder=AMERICANMASTERCRAFT%20F150000051920&fbclid=IwAR3q5ucCVe9D0hE8XZCfiNKzbzo6_z4P57tf799nXDTYxJFTpyb0X7diQo0

https://www.tractorbynet.com/forums/threads/beware-american-mastercraft-buildings.4158/?fbclid=IwAR1p3XEqq6Gf59rUFAt3tGJ6OSXVHAP-jRnBEaMSzckwWuXSVQAhgBe00tk

It seems this family easily gets co-conspirators to lie and cheat good hard working people and their families out of their hard earned money, destroys some small businesses and breaks up many families and friendships with no remorse. How do I know that, well when Ronakld Frank lives a high lifestyle and sits in an empty offfice out in Vancouver, brother Cecil Darrin Frank and his wife recently sold two residential homes for approximately $6 million, partly owns an Italian restaurant and drives a Bentley.

Please spread the word to stay clear of all of these people mentioned above and here is some more linkls you can check out and please comment about your experience with any of them.

https://www.ripoffreport.com/report/american-mastercraft-steel/markham-ontario-bilked-i-non-1525990

https://www.ripoffreport.com/reports/american-mastercraft-steel-buildings-corporation/boca-raton-florida-33434/american-mastercraft-steel-buildingsdarren-frank-sold-me-a-sales-pitch-for-a-steel-build-302967

 

 

 

 



 

This report was posted on Ripoff Report on 05/10/2023 04:44 AM and is a permanent record located here: https://www.ripoffreport.com/report/ioticiti-networks-metro/markham-ontario-cecil-darren-1526275. 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
16Consumer
10Employee/Owner

#26 Consumer Comment

Terribly Disgusting individuals ----- they continue to rip off people ------ do not lend them anything and report them to the police\rcmp.

AUTHOR: Karma - (United States)

POSTED: Saturday, May 18, 2024

Im a shareholder and to this day the legacy ioticiti\metroconnect business staff are continually trying to rip people off. 

The executive business teams belong in jail and shouldnt be allowed to rip off any families any longer.  

So many lives have been affected by these grifters.... they use religion to pose as ethical people, lie about their past, lie about their future, their families are in on it to... strategically placing their family members in positions as insiders.   

The shareholders i have met have been so broken by this all and i hope their is justice. 

Im an elderly individual and we; my wife and I put our retirement money in thinking we could trust them. 

 

 

 

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#25 REBUTTAL Individual responds

401k gone.. we are really suffering.

AUTHOR: 401k - (United States)

POSTED: Thursday, April 18, 2024

We cashed out our 401k's to invest and now with the cost of living sky rocketing we are forced to sell our house; we worked hard our entire lives.   Our family is falling apart because of our investment in Metro Wireless which ended up being ioticiti. 

 

We are destitute and have found out we were lied to continously over the years... the business team are evil people. 

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#24 REBUTTAL Individual responds

thieving disgusting individuals.. 0 morals.. 0 ethics.... truly garbage people.

AUTHOR: Christine - (Canada)

POSTED: Monday, April 15, 2024

thieving disgusting individuals.. 0 morals.. 0 ethics.... truly garbage individuals.

 

 

they knew all along what they were doing. 

 

 

they looked people in the face and took their hard earned money while they were living the highlife.  

 

 

they stole from people which believed in them. 

 

 

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#23 REBUTTAL Individual responds

Every single one of the business execs and team are complicit; they all knew what they were doing to the shareholders, employees and partners.

AUTHOR: concerned - (United States)

POSTED: Monday, April 08, 2024

Every single one of the business executives knew exactly what was going on.. even the short term ones. 

 

 

if you can somehow believe that people of that stature didnt once think to call a shareholders meeting to provide accountability around the expenditure in the time of their service even once you have serious grifting problems. 

 

 

to think that a bunch of "well to do" business people on linkedin with great feats of business grandeure in the public and private sector couldnt get their act together to maintain some level of integrity...

 

 

anybody reading these comments from the poor people that were ripped off should make this go viral as they hurt a lot of families and individuals. 

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#22 UPDATE EX-employee responds

"Jane you are a millionaire you just dont know it yet" - Cecil Darren Frank

AUTHOR: jane doe - (Canada)

POSTED: Thursday, March 21, 2024

"Jane..… you are a millionaire you just dont know it yet" - Cecil Darren Frank

 

they would say to empoyees and investors.. 

 

a truly disgusting fraudulent bunch. 

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#21 UPDATE Employee

"this is the best Christmas you are ever going to have" - Cecil Darren Frank

AUTHOR: john doe - (United States)

POSTED: Thursday, March 21, 2024

"this is the best Christmas you are ever going to have" - Cecil Darren Frank

they would say to employees and shareholders

 

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#20 UPDATE EX-employee responds

destroyed friendships, destroyed our lives, destroyed our families ---- they lied to all of us

AUTHOR: bob - (United States)

POSTED: Monday, February 26, 2024

many of us went in as a group friends as we had faith in what lou and darren were touting.   many of us pulled mortgages to invest with ioticiti as we strongly believe in them.  some of us lead the investment with dozens of people supporting us to look after our friends families and best interests. 

 

its a terrible state now as all the once friends are at eachothers throats for what the business execs have done.  

 

we pray that there will be some justice here

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#19 Consumer Comment

iot and opportunities

AUTHOR: tech girl - (Canada)

POSTED: Monday, February 26, 2024

i met them as a potential client and their tech team really had their heart in the game and wanted to do what is right for humanity.  

 

its such a shame that the business teams used them. 

 

the business execs are a truly evil unethical bunch after hearing more details from the shareholders that were ripped off. 

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#18 REBUTTAL Individual responds

God bless - using gods name in vain - what sad individuals.

AUTHOR: john - (United States)

POSTED: Tuesday, February 06, 2024

 After putting my retirement money in that i slaved for farming they "God Blessed" me. There is nothing more rotten than a person that hides behind religion and carries out disgusting acts. A higher power is definitely going to deal with them accordingly.

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#17 Consumer Comment

sad and amazed - looking forward to seeing the case information.

AUTHOR: Denise (in law school) - (Canada)

POSTED: Tuesday, February 06, 2024

I cant wait to hear more on this case it looks like a lot of people were involved and the business team were big into white collar crime and likely throughout their business careers prior to ioticiti. I bet it was just amplified when they all got together. Good to see there is some potential for these poor families that were ripped off. Lets hope the court system has some morals and ethics; i have faith in our judicial systems even though white collar criminals should be treated far more harshly for the generational damage it does.

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#16 Consumer Comment

lied to innocent people, lied to government, lied to financial institutions...

AUTHOR: sono una vergogna - (Canada)

POSTED: Tuesday, February 06, 2024

 as we find out more about the business group we (the businesses, families, shareholders involved) cant figure out how they could have looked at people eye to eye and conducted the deals they had done. they lived in extravagance and lied to everyone - knowingly hurting people as the deals were signed; truly disgusting.

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#15 REBUTTAL Individual responds

destroyed families while pampering their own... truly evil bunch

AUTHOR: devastated - (United States)

POSTED: Tuesday, February 06, 2024

 i understand that many weddings were had by the children of the business execs during the time of investment rounds. My family and i are so disgusted with the details we heard.. where we understand there were weddings and entertainment provided coinciding with the heavy investment round pushes. these people are truly evil and disgusting. they knowingly took from families and the elderly to pamper their families... brutal!

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#14 Consumer Comment

as the marketing material said "Connect the Dots" -- They are all complicit.

AUTHOR: dot connector - (United States)

POSTED: Monday, December 18, 2023

as the ioticiti marketing material said that was presented to my family, my collegues and i  "Connect the Dots" -- They are all complicit.

executives on the business side could not have operated in ioticiti for so many years without being complicit... think about it.  

 

 

 

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#13 REBUTTAL Individual responds

they used our kindness against us in wanting to help them make ioticiti a great company.

AUTHOR: cowan - (U.S. Virgin Islands)

POSTED: Saturday, June 24, 2023

they had all they needed to make an amazing company, especially with the frequency licenses they owned in mexico, canada and united states.   They even told me about europe and africa in a few of the discussions. 

 

how can they be such blatant liars straight to my face.  I brought in my brothers as well for investment and i have to deal with the fall out now?  They have really hurt many many relationships because of their greed. 

 

hopefully the all of this will be brought to light and a form of justice will be served. 

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#12 REBUTTAL Individual responds

if you havent already done so we are urging you to participate in the filings with the bc securities commission.

AUTHOR: Sitting in the East - (China)

POSTED: Saturday, June 24, 2023

if you havent already done so we are urging you to participate in the filings with the bc securities commission. 

we need help to get things moving and urge you to file referencing "ioticiti". 

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#11 REBUTTAL Individual responds

many many families and business have been ripped off internationally.

AUTHOR: Constituent Lodge - (Canada)

POSTED: Saturday, June 24, 2023

more and more sharelholders are getting together and we are finding that so many families and businesses have been affected by ioticiti's complete lack of transparancy.  Consider the stories you have been told and who really drove the investment opportunity at you.  

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#10 REBUTTAL Individual responds

I used my kids university funds and i told them i was going to do this. They have destroyed my kids futures.

AUTHOR: Saturn Retrograde - (Canada)

POSTED: Saturday, June 24, 2023

I used my kids university funds and i told them i was going to do this.  I am not a rich man and they understood this.  they have destroyed my kids futures. 

 

all the business execs were in on it and they will not pick up their phones, answer their emails - they know i know everything now and will cannot face what they have done.  they have been caught red handed.. i am going to push to get the rcmp involved.  

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#9 REBUTTAL Individual responds

BDC and Fund Raising.

AUTHOR: tim horton - (Canada)

POSTED: Wednesday, May 31, 2023

To the external shreholders it was a no brainer for ioticiti to go to the BDC; especially with the tech they were developing.  Many of us had good interactions with the BDC and were successful in using them to get our businesses going.  For years this subject was brought up and often the replies were in the form of deflection or appeasement with no action. 

Everyone on the business team was complicit in this deflection. 

 

After finding out what happened in december of 2022 when the accounts were exposed it makes absolute sense that the BDC business loans were discouraged. 

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#8 Consumer Comment

Why? They were doing well with the their municipal, province, state and possibly nationwide projects?

AUTHOR: ripped - (Canada)

POSTED: Monday, May 29, 2023

What i dont understand is how the executives can be just allowed to tuck tail and run.   After all they put out some great stuff and were working closely with the government. 

 

https://govlaunch.com/projects/vaughan-on-experiments-with-ioticiti-system-for-automated-stormwater-pond-monitoring

 

 

why would someone risk all of this?  why wouldnt they try and get their backend dealings in order as so much is on the line? 

 

 

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#7 UPDATE EX-employee responds

Michael Friedman, Andrew Branion, Lou Gallucci and Jordan Gallucci - exit from the company with no minutes or agm distributed to anyone.

AUTHOR: disgusted - (United States)

POSTED: Thursday, May 25, 2023

Michael Friedman, Chris Macloed, Andrew Branion, Lou Gallucci and Jordan Gallucci - exit from the company with no minutes or agm distributed to anyone.

 

why didnt any of the business executive team/board of directors put together an AGM to annouce their departure from the company?

 

why didnt they put together an AGM in 2022 when they began pointing fingers at one another for the mishandling of the funds by ioticiti business executives?

knowing this was all going on how could they continue to fundraise into late November 2022.... this all doesnt make any sense unless they were all in on the laundering of the $'s coming in? 

so immoral and unethical.. absolutely disgusting bunch. 

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#6 UPDATE EX-employee responds

SNRED Credits - We understand now why they were never obliged even though many of us knew what we were doing at ioticiti would qualify for all the SNRED credits.

AUTHOR: ripped off - (United States)

POSTED: Thursday, May 25, 2023

SNRED Credits - We understand now why they were never obliged even though many of us knew what we were doing at ioticiti would qualify for all the SNRED credits.

 

Radio development - we made a radio that is in the field

sensor stack development - we made a product that is in the field

it operations work

software/hardware development for construction applications

and much more. 

 

 

Being well versed in R&D and product development the SNRED program in canada is an excellent means to recoup R&D money for all the work that was being done by the development team. 

 

Some of us would request the use of the SNRED but the executives would nay say it and said it wasnt worth it.  This went on for years... despite knowing that SNRED can recoup 40% if not more of the R&D expenses.  This should have been a red flag for many of us but we had a lot of trust at the time in the executive team. 

 

Some of the lead technical staff were never paid and would often put in 70 hour weeks to get the development done.  The premise around the work conducted was always we are almost there and the big payout was coming.  We were terribly mislead and its horrible that some of the executives were paying for their own homes, cars, family cars and expenses etc on the backs of both the tech team and the shareholders investment dollars.  

The immoral and unethical behaviour of the executive business team is absolutely abhorrent.  

 

 

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#5 UPDATE EX-employee responds

Why wasn't the Supreme Civil Suit May 2021 announced to the shareholders when it first arose?

AUTHOR: ripped off - (United States)

POSTED: Thursday, May 25, 2023

Why wasn't the Supreme Civil Suit May 2021 announced to the shareholders when it first arose?

 

Shouldnt have this been conducted based on the corporations act? Doesn't the executives and board members have a fudiciary responsibility for full disclosure with all dealings with the company that may affect the share value?

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#4 UPDATE EX-employee responds

Why wasn't the Radio Mobile suit announced to the shareholders when it first arose?

AUTHOR: ripped - (United States)

POSTED: Thursday, May 25, 2023

Why wasn't the Radio Mobile suit announced to the shareholders when it first arose?

 

Shouldnt have this been conducted based on the corporations act? Doesnt the executives and board members have a fudiciary responsibility for full disclosure with all dealings with the company that may affect the share value?

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#3 UPDATE EX-employee responds

All the executives participated in fund raising for a decade. Nobody at any time considered calling out where the money was going even though cheques were directly handed to them.

AUTHOR: angry parent - they stole from my family. - (United States)

POSTED: Thursday, May 18, 2023

All the executives participated in fund raising for a decade. Nobody at any time considered calling out where the money was going even though cheques were directly handed to them.

This in iteself is incredibly hard to believe. 

Logic would dictate that all those listed here: https://www.ripoffreport.com/report/ioticiti-networks-metro/markham-ontario-cecil-darren-1526275

--- Would at some point consider checking on where the 10's of millions of $'s were deposited; and for a company that had no product out there how was there burn rate so high?

At no point did any reflect on the ethical nature or the fudiciary responsibilities in managing peoples money? Especially those they had a personal relationship with whom were banking on ioticiti/metro connect being successful? 

Was everyone in on it? Even those in British Columbia where they were headquartered out of? 

All these questions need to be addressed but after being taken to the cleaners by ioticiti many of us do not have the funds to support lawyers.  Meanwhile all of the ioticiti business corporate team and their offspring are driving high end vehicles and living in high end homes. 

This is all so surreal and sickening. 

 

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#2 UPDATE EX-employee responds

Connected Rip Off Reports - Link 1 and Link 2

AUTHOR: Destroyed by the Franks and Galluccis. - (United States)

POSTED: Wednesday, May 17, 2023
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#1 Consumer Comment

Background on the Franks - US Court Filings.

AUTHOR: ripped off shareholder - (United States)

POSTED: Wednesday, May 17, 2023

 

Filings from US Courts. 

https://www.govinfo.gov/content/pkg/USCOURTS-flsd-9_05-cv-80732/pdf/USCOURTS-flsd-9_05-cv-80732-0.pdf

 

They should not have got off this easily. 

 

These poor people (the clients) were ripped off and i feel terribly for them. 

 

 

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