Complaint Review: jeffry savitz - Atlantic City New Jersey
jeffry savitz Never paid for agreement as promised Atlantic City New Jersey
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In late 2013/early 2014 Mike Kassab soon to be CEO of Consumer DNA signed an agreement with Jeffry Savitz to pay him 25% of the annual profit of his new company Consumer DNA each year in perpetuity. The first half year the company earned $226,635. Doubling this and multiplying by 25% yeilds $113,417 owed for 2014. Adding a conservative 15% growth each year through 2020, the total amount Mike Kassab failed to pay is in excess of $1,250,000 based on this contract.
This report was posted on Ripoff Report on 12/09/2020 10:41 AM and is a permanent record located here: https://www.ripoffreport.com/report/jeffry-savitz/atlantic-city-new-jersey-paid-1502733. 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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