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Report: #1200033

Complaint Review: Delta Capital Group LLC - Simsbury Connecticut

  • Submitted:
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  • Reported By: Concerned Advocate — Portland Oregon
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  • Delta Capital Group LLC 6 Station Street Simsbury, Connecticut USA

Delta Capital Group LLC Delta Capital, Delta, Delta Now Workout, debt restructuring, restructure, SBA, loan modification, debt, equity, investment, Simsbury Connecticut

*REBUTTAL Owner of company: Respone to Accusations

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Delta collected $24,000.00 in fees upfront in exchange for establishing long term solutions and workouts/restructures/settlements with lenders at some point in the future for an individual lodging hospitality entity, however it acted in bad faith and did not perform per the agreement.  As a result, we intend to seek reimbursement of all monies collected by Delta.  For example, Delta agreed to put together a detailed business plan to which it refers to as a "book" for the initial part of its engagement, however it has not done so to date.  It failed to thoroughly review and analyze the financials, establish assumptions, or a develop a proposal to present its findings of any kind.  Effectively, Delta collected client's money and did nothing, while repeatedly ill-advising to allow the lenders to foreclose on the asset and then deal with the outcome of any personal guarantees thereafter. 

Delta has engaged in deceptive and unethical business practices similar to what it had warned us about from a competing firm that it convinced the client not to engage in order for it to receive the engagement and the subsequent monies, and we encourage an investigation on behalf of other clients so the Delta Capital firm and it's principals cannot take advantage of others by making promises to desperate clients in exchange for demanding monies upfront for deliverables and scope of services that it does not intend to perform or commit to.  

Furthermore, Delta engaged in intolerable and disrespectful behavior toward us with crude language and comments.  Brief communications quickly turned into highly unbearable situations for us as the "bullied" as a result of excessive yelling, foul language and harassment by Delta personnel and as a result of holding them accountable and for simply asking questions and requesting deliverables.

This report was posted on Ripoff Report on 01/07/2015 04:52 PM and is a permanent record located here: https://www.ripoffreport.com/reports/delta-capital-group-llc/simsbury-connecticut-06070/delta-capital-group-llc-delta-capital-delta-delta-now-workout-debt-restructuring-rest-1200033. 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
0Consumer
1Employee/Owner

#1 REBUTTAL Owner of company

Respone to Accusations

AUTHOR: Delta Capital - ()

POSTED: Thursday, February 26, 2015

 Delta worked with this Indian family company for two years and it became apparent that the activities they were involved with were illegal and fraudelant. You will note they do not identify themselves in their complaint This is quite in charachter - make an accusation but dont reveal who you are.They have holdings of three hotels that are in Oregon/Idaho and are all failing.

We do debt restrucure and have done debt restructure for 30 years with no other complaints ever. What we refused to do was misrepresent the activities of this client so they could cheat the government of large quanitites of debt repayment. They were capable of repayment and wanted us to engage in fraud to allow them to avoid repayment. We do not do this. We have respresented hundreds of company's in 30 years with tremdendous success. We have large numbers of references as a result.

The holding company for this client is in Bankruptcy and is being sued by large numbers of banks and creditors for fraud. All of this is documented by us. The writers parents are being sued personally for large amounts of money and fraud as well. This is all a matter of record. 

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