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Report: #543399

Complaint Review: Benchmark Financial Groups, LLC - Aliso Viejo California

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  • Reported By: Todd — Erie Colorado United States of America
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  • Benchmark Financial Groups, LLC 65 Enterprise, Suite 330,Aliso Viejo, CA 92656 Aliso Viejo, California United States of America

Benchmark Financial Groups, LLC After we made the first & last monthly payments of $7,000, they said they needed more collateral then they initially requested. When we requested our deposit back they deducted $4,200 for their effort Aliso Viejo, California

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Benchmark Financial Groups sent us a lease agreement for an 8" printing press that NanoPrint Technologies signed and then sent a check for $7,000, for the first and last month's lease payments.  However, Benchmark never signed the agreement or forwarded any funds for this lease, but tried to structure it a different way and get more unrelated collateral to cover the lease. They already had a Corporate guarantee and Personal guarantees from the two main owners of NanoPrint Techniologies, who combined, own more than 70% of the company. Then after about 45 days of them dragging out the process, supposedly looking for ways to make the deal work for them, we finally requested our funds back and Vanessa Stewart filled out the paperwork and told me it had been processed and that there would be some minimal fees netted out for administration purposes which we thought would be the documentation fees of $125 as mentioned in the lease agreement. 
 
When we finally got a check they had backed out approximately $4,200 for underwriting fees as reflected in an attached letter addressing these deductions.

This report was posted on Ripoff Report on 12/21/2009 08:16 PM and is a permanent record located here: https://www.ripoffreport.com/reports/benchmark-financial-groups-llc/aliso-viejo-california-92656/benchmark-financial-groups-llc-after-we-made-the-first-last-monthly-payments-of-7000-543399. 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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