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Report: #1101846

Complaint Review: MEDL Mobile - Fountain Valley California

  • Submitted:
  • Updated:
  • Reported By: Andrew Swartz — New York
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  • MEDL Mobile 18475 Bandilier Circle Fountain Valley, California USA

MEDL Mobile, Hang W/, Hang With , Scam, Pump & Dump, Fraud, Fountain Valley California

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I invested in MEDL mobile back in 2012 on the basis of their incredible growth claims and connection to big blue chip companies as clients. They claim to develop Apps, but when I sent them an App idea through they App Incubator application, I never heard back from them.

Nonethless, I figured they must be getting a lot of submissions so I didnt think to much about it and I held their stock for a little over a year, it was quite a bumby ride, at the start of 2013, the stock was down over 95%, it had gone from a dollar to about $0.07.

6 months later, I saw my App idea in the ITunes store, and guess who the developper was? MEDL mobile, they had stolen my idea. To add insult to injury, I learned that they were paying multiple third parties to pump their stock back up and take advantage of additonnal investors since the business itself was never able to take off and actually make any money.

They have now changed strategies and are using their Hang W/ App instead of their App Incubator to pump the stock with claims of enormous growth potential. I hope no one else will fall for their game of financial fraud and intellectual property theft.

This report was posted on Ripoff Report on 11/24/2013 10:43 AM and is a permanent record located here: https://www.ripoffreport.com/reports/medl-mobile/fountain-valley-california/medl-mobile-hang-w-hang-with-scam-pump-dump-fraud-fountain-valley-california-1101846. 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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