Complaint Review: RICO FINANCIAL SERVICES INC. - Ontario CA
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- Author Confirmed
- RICO FINANCIAL SERVICES INC. 1749 E Flora St, Ontario, CA United States
- Phone: +1 714-408-2454
- Web:
- Category: Loan Fraud, Loan scam, Scammers
RICO FINANCIAL SERVICES INC. WILLIAMS FREDERICK, CEO RICO FINANCIAL SERVICES CONTRACTED $2.0 M BUSINESS LOAN AND COLLECTED UPFRONT FEES, NEVER DELIVERED LOAN Ontario CA
*Author of original report: Rico Financial Service continued obvious scams and stole addtional $2,350 totalling $35,800 to date
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From beginning of June, Williams Frederick, said to be CEO of the Rico Financial Services in California approached our company and introduced that they can fund up to $5.0M long term loan at reasonable term.
And they assured the $300 processing fee is the only upfront fee that the borrower needs to pay and there is no other fees prior to and after the loan disbursement.
On June 3rd, the loan agreement was duly signed and validated. But, no loan had been delivered. Immediately after the date, Williams Frederick started to request series of different fees to be paid by borrower upfront and told unless such fees duly paid, no loan shall be disbursed.
After repetitive negotiation and dispute completed, we had paid total $2,700 upfront fees in 14 times. However, as of today July 10th, no loan has been delivered by the Rico Financial Services Inc.
Williams Frederick, being CEO of the company, keeps soliciting us to pay $25, $50, $100 repetitively day by day and never stop his fee payment solicitation.
This is the terrible financial service company ever I have worked and we have been scammed $2,700 which is very important monetary asset.
This report was posted on Ripoff Report on 07/10/2019 01:52 PM and is a permanent record located here: https://www.ripoffreport.com/report/rico-financial-services/ontario-ca-williams-frederick-1481712. 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
Rico Financial Service continued obvious scams and stole addtional $2,350 totalling $35,800 to date
AUTHOR: Scammer Buster - (United States)
SUBMITTED: Monday, August 05, 2019
The man named, John Frederick Williams, supposed to be CEO of Rico Financial kept pretending as if they would deliver immediately the promised loan up to $2.0M but actually never disursed the loan after repetitively collected addtional fees for fund transfer and authorization costs, or whatever named upfront fee.
So far, the man proposed tens of different amount loan proposals such as $10K, $30K, $50K, $300K, $500K, and $2.0M by saying the fund will be immediately delivered after we have paid respective addtional fees. Never happened the loan delivery to date. The total fees scammed rose to $35,800. Exactly today the guy sent a text message by saying, "Yes. I will deliver today $500K. But I need $50 iTunes Card from you."
This guy never stop solicitation of more money no matter what.....Sneakiest scammer he is.
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