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Report: #67114

Complaint Review: I,V.C. Group - (aka International Venture Capital Group) - New York New York

  • Submitted:
  • Updated:
  • Reported By: Lafayette Colorado
  • Author Confirmed What's this?
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  • I,V.C. Group - (aka International Venture Capital Group) 350 5th Ave #3304 New York, New York U.S.A.

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I wired my entire life savings ( $510,000 ) to International Venture Capital Group ( I.V.C. Group) on good faith that they would honor the terms of the online contract and privide me with a steady monthly income (since I am currently unemployed and have no other source of income) as well as build cash equity for the future.
In good faith I incurred a tremendous 2003 tax liablility (>$250,000) that was to be covered by the cash dividend paid on my money by I.V.C. Group.

Everything seemed to be going along OK until I wired the last amount of my money. I heard from Richard Blackwell, my representative at I.V.C. Group, for the last time on July 9th. Jim Hull called me twice after that and said he was responsible for customer service. Jim also said he submitted the request to correct the account and that I would probably be getting the money owed me in one lump wire at the beginning of the following week. That money has never shown up. The required direct deposit transfers to my account have stopped and I have never received the contract that I was suppose to receive.

At this point there is no way to get ahold of anyone at I.V.C. Group. They have not been responding to emails or returning phone calls since mid-July. The answering service has told me that the majoriy of IVC's calls are about not getting money and IVC not returning phone calls. Several of the people at the answering service have told me not to wait but go out and get an attorney.

IVC has every dollar I had to my name. I have no way to survive since I am unemployed.

Deborah
Lafayette, Colorado
U.S.A.

This report was posted on Ripoff Report on 09/17/2003 10:41 AM and is a permanent record located here: https://www.ripoffreport.com/reports/ivc-group-aka-international-venture-capital-group/new-york-new-york-10118/ivc-group-aka-international-venture-capital-group-ripoff-financial-scheme-new-york-ne-67114. 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
1Consumer
1Employee/Owner

#2 REBUTTAL Individual responds

International Venture Capital Group scamming retirement age people across the country

AUTHOR: fraud detection unit - (United States of America)

POSTED: Sunday, September 05, 2010

The Secret Service and FBI have been watching this one group of criminals carry out various scams every couple of years. They know who these people are. If anyone has any information regarding people who were scammed the FBI office in Miami is handling the case.   Please be careful.
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#1 Author of original report

IVC Group Internet ponzi scam

AUTHOR: Deborah - (U.S.A.)

POSTED: Sunday, October 12, 2003

IVC Group was set up for use in an internet ponzi scam. The address in New York was just a mailbox service and was shutdown in August. All the money was stolen and wired to banks in Costa Rica. IVC Group hired unsuspecting people to do the selling/retrieving of money for them. Contact Federal Authorities with any information.

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