Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #759730

Complaint Review: American Capital Investments - Internet Internet

  • Submitted:
  • Updated:
  • Reported By: CantonSinkHole — Rohnert Park California United States of America
  • Author Not Confirmed What's this?
  • Why?
  • American Capital Investments Internet United States of America

American Capital Investments | Notice: Ripoff Report VIP Arbitration Decision: A neutral and independent Arbitrator has determined that the following Report contained one or more false statements of facts. The false statements have been redacted as ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)). | American Capital Investments Wood Ranch Partners; Martin J. Mair; ACIC Property investment scams; Do not invest with this company Internet, Internet

*Author of original report: California Lawsuit filed

*UPDATE Employee: ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)) Report: #759730 Complaint Review: American Capital Investments

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

 

RIPOFF REPORT VIP ARBITRATION

SUMMARY OF ARBITRATOR’S DECISION

Health Analytics, Inc., Complainant

v.

Anonymous, Author of Report #759730, 

________________________________________________________________________ 

Complainant Health Analytics, Inc. (the “Complainant”) has challenged the truthfulness of certain specific statements (each, a “Statement”) posted by Author Anonymous (the “Author”) on the Ripoff Report website at www.ripoffreport.com as Ripoff Report #759730 (the “Report”). The Complainant denies the allegations contained within the Report. The Author did not provide a response to this matter. 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 and a Complaint on the Ripoff Report websites, both the Complainant and the Author have agreed to submit the dispute to the Ripoff Report VIP Arbitration Program. 

In accordance with the Rules, 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 decided 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, the Arbitrator had only the evidence submitted by the Complainant to consider. The evidence submitted included Ripoff Report #759730, Complainant’s Arbitration Statement, Complainant’s Witness Statements, and supporting documentation.

Each Statement challenged by the Complainant has been considered, together with any Witness Statements and Documents provided by the Complainant for determination of the truth or falsity of the Statement. The Author did not provide a response to the Complaint. 

The Arbitrator determined that the certain statements challenged in the Report were false. Therefore, according to the VIP Arbitration Rules, those statements have been redacted. 

Decided January 2, 2018, 

Sandra J. Franklin, Arbitrator 

* 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.

________________________________________________________________________

This company markets residential property for sale as an investment with the owner finance option. You buy the property outright for as low as $35,000 and they pay you $400 a month for 12 months until "they" find a buyer for you. They indicate they they get "qualified" buyers within 3-4 months who then pay you their mortgage of $400-$500 per month. They market these properties in various states, such as Ohio and the mid-West where property values are low. It all sounds great, but after more than 18 months, they still have not met their obligation. They always say "they have some prospective buyers" but are very coy to provide any details. They will not even provide the names of their property managers.  Their e-mail do not include their phone numbers, addresses and and Google search for the company even comes up empty. After the first 12 months are over you are one your own. These houses are foreclosures in bad neighborhoods and need a lot of work to sell. They dont' tell you about any of these possible issues such as maintenance costs, property tax, vacancy registration, vandalism, theft, potential legal enforfement by the city, potential condemded property, etc. They tell you that they can sell the property for $50k-$60k, but in reality, the fair market value is below the original $35k investment. Speak to a local realtor in the area before making any decision. Don't let thier quick turnaround tactics fool you as they did me. I have heard other horror stories from other investors who have been faced with condemed properties by the city and other expensive repairs on a house they were told is "move in ready". ACIC, Wood Ranch Partners and Martin J. Mair are con-artists. They are only after your money.

This report was posted on Ripoff Report on 08/02/2011 09:52 AM and is a permanent record located here: https://www.ripoffreport.com/reports/american-capital-investments/internet/american-capital-investmentsnbsp-notice-ripoff-report-vip-arbitration-decision-a-neut-759730. 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
1Author
1Consumer
0Employee/Owner

#2 UPDATE Employee

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)) Report: #759730 Complaint Review: American Capital Investments

AUTHOR: Arch - (United States)

POSTED: Monday, November 06, 2017

Hello Editor,

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration))  in the report, due to fact ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)) was never involved in any way or form.  He was never served from the court system regarding this case, we already filed a complaint with the original editor who has agreed to remove ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)) from their report, but your site has still listed “((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration))” in the report.  Attached is a copy of the Demand letter to other publisher that have agreed to removed ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)) from the report.

 

Respond to this report!
What's this?

#1 Author of original report

California Lawsuit filed

AUTHOR: CantonSinkHole - (United States of America)

POSTED: Wednesday, August 03, 2011

The following is a report from the National Mortgage Prefessional Magazine (7-30-2010) describing the same scam.  Michael Hironimus was involved with both companies and this type is deal can not be trusted. Do your homework and check with local realtors for market values and property conditions. 

"On behalf of a group of unrelated investors, a lawsuit has been filed in the Los Angeles Superior Court against Fortuno Inc., a prominent Lodi, Calif.-based real estate investment company, which describes itself as a large nationwide buyer of foreclosed homes. The lawsuit alleges that Fortuno and its outside marketing representatives, engaged in illegal acts relating to a hands-off real estate investment program that enticed the plaintiffs to invest money in the purchase and re-sale of distressed homes in Ohio and Michigan with the promise of high returns upon flipping the property to the new buyer.
The lawsuit was filed by the Law Offices of Andrew M. Wyatt, a Los Angeles-based firm. It alleges that Fortuno, calling itself the Costco of Real Estate, misrepresented to plaintiffs that it would sell plaintiffs marketable homes at low-price mark-ups and that it could then help them re-sell the houses to third parties at substantially higher prices. Instead, Fortuno sold plaintiffs homes in poor unmarketable condition with high-price mark-ups while also failing to find qualified buyers.
According to the lawsuit, after purchasing the properties, plaintiffs unforeseeably encountered significant fix-up costs; threats of condemnation by local government officials for safety violations; an inability to sell the houses due to their dilapidated condition and lack of qualified buyers; negative cash-flow; high property taxes; and eviction legal costs when the buyers defaulted on payments. An investors goal was to provide people affordable housing.
In the lawsuit, Fortuno and/or its co-defendants, were sued for 10 violations of law including: Racketeer Influenced and Corrupt Organizations (RICO) Act; untrue or misleading advertising; unfair business practices; professional negligence, negligent and intentional misrepresentation; breach of fiduciary duty; deceit/concealment; unjust enrichment; and restitution/accounting.
((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration.
The lawsuit is seeking compensatory and punitive damages, plus attorney fees and court costs. In addition, it requests a return of all invested funds and any illegally obtained profits to the plaintiffs, plus interest."
For more information, visit www.amwyattlawoffices.com.

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now