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Report: #1451544

Complaint Review: Gauravjit Singh / Raj Singh / Singh Ventures / Drone cast / Nomocabs - Philadelphia Penselvania

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  • Reported By: Brad — Hayward CA United States
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  • Gauravjit Singh / Raj Singh / Singh Ventures / Drone cast / Nomocabs 1700 Market St Philadelphia, Penselvania United States

Gauravjit Singh / Raj Singh / Singh Ventures / Drone cast / Nomocabs Scam $10,000 for the name of Advertisement Services , Fraudulent Venture Firm Philadelphia Penselvania

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I was building my new start-up business and contact Raj Singh when i saw that his venture firm singh ventures is looking for new start-up business to invest and help to raise capital. so he offer me first that he will invest $350,000 for 4% equity in my start-up. 

He Raj Singh CEO of singh ventures claimed he sold his nomocabs to uber for 200 million dollars?

  1. Once I signup the agreement he told me for the tax purpose he can’t transfer the money it’s a big amount.
  2. He said better I transfer $10,000 to his wells Fargo account and he will help me to do marketing and press release for new product.
  3. He will spend his $350K towards marketing and other services.
  4. I transfer the 10K to his account.

 

Later Raj Singh he starts demanding more money because the advertising budget need more funds and told me if I can’t give more he can’t proceed with his investment and the agreement will lapse.

I contact the wells Fargo bank and ask them to refund my money as this is a fraudulent venture firm they told me that singh ventures don’t have even a single dollar in their account he withdraw money and keep this account empty for this purpose only.

I just like to warn every new start-up business or entrepreneur out there please do your due diligence before you start dealing a venture firm like singh ventures.  

Don’t believe his other activities on net where he is presentation himself a real successful person in philly or his interview on 1by1 million its all fake? 

This report was posted on Ripoff Report on 07/12/2018 09:50 PM and is a permanent record located here: https://www.ripoffreport.com/reports/gauravjit-singh-raj-singh-singh-ventures-drone-cast-nomocabs/philadelphia-penselvania-19103/gauravjit-singh-raj-singh-singh-ventures-drone-cast-nomocabs-scam-10000-for-the-1451544. 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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