Jalin Realty Capital Advisors Scam Fraud You Decide

Henning, Minnesota 6 comments
Not resolved

The below is information, as the NCND allows, on the strange and possibly Fraudulent business practices of;

1) Jalin Realty Capital Advisors, LLC (registered by Rythm Stone Media Group LLC)

2) C David Manns of Jalin Realty Capital Advisors, LLC

3) Anthony Bryd Vice President/General Manager of WWRD-TV Dayton Ohio, Owner of Rythm Stone Media Group LLC, Owner of Jalin Realty Capital Advisors LLC

This will include the connections to other companies and Broker/Dealers that vouched for them. Such as Richard Cooper of Cooper Consulting Group and Danielle Vareltzis of Danrik Group.

To verify the above information go to the link, search for both Company names, and view the documents to see the registrant.

http://www2.sos.state.oh.us/pls/portal/PORTAL_BS.BS_QRY_BUS_INFORMATION1.SHOW_PARMS

The link below will provide the number to call and verify Anthony Bryd's position with WWRD-TV. Also included is the contact page for Rythm Stone Media Group.

http://www.wwrdtv.com/contactus.html

http://rhythmstonemedia.com/contact_us.html

Thank you

On 07-29-2010, A Better Wireless, NISP, LLC (ABW) executed a loan commitment with Jalin Realty Capital Advisors, LLC (JRCA). Our funding was to begin no later than 08-30-2010. This was to begin tranches, totaling over $50, 000, 000.00, and completing the total funding within 60 days of the closing date.

On 07-30-2010, the required "Commitment Fee" (in excess of $36, 000.00) was wired to JRCA on ABW's behalf from a third party and verified that JRCA received these funds. ABW has legal obligation to repay these funds to the third party.

On 08-05-2010, a Non Circumvention/Non Disclosure (NCND) was executed between ABW and JRCA.

On or about 10-15-2010, ABW began to demand documents from C David Manns to prove the performance, by JRCA, on the executed loan commitment (Allowed in the NCND section II paragraph 2). This was after confirming, through a third party, that an escrow account was never opened nor funded on behalf of ABW for the amount identified in the loan commitment. This amount identified as a "Collateral Fee"is in excess of $1, 500, 000.00 ($1.5 mil).

On or about 10-23-2010, ABW contacted Anthony Bryd (Vice President of WWRD TV) at WWRD TV in Dayton Ohio. The listed registrant of JRCA to try and find out from a principal what was happening with our funding. ABW resorted to the TV Station after trying all numbers listed for JRCA and C David Manns. Mr. Bryd stated he would have someone contact ABW.

On 10-25-2010, ABW received an email from C David Manns of his intention to rescind our verbal agreement and legal counsel will follow up with the official Notice to Rescind.

On 10-26-2010, ABW received an email, from C David Manns with a PDF attachment identified as Notice of Non Renewal. Later in the day ABW received another email from Danielle Vareltzis (DanRik Group), a portion copied below regarding the "Commitment Fee", that stated

The attorney's our taking care of the paper work and will

get it out to Better Wireless when completed.

11-01-2010, To date ABW has received no documents nor disposition of the "Commitment Fee"

11-16-2010, To Date ABW has received no documents nor what has happened to our "Commitment Fee".

11-16-2010, Email Demand Notice

Mr. Manns and Mr. Bryd,

JRCA has 72 hours, by end of business 11-19-2010 CST, (NCND notification time) to;

A) Issue binding loan documents and fund ABW, as per current

executed loan commitment.

B) Refund the "Commitment Fee" to ABW's account

If this is not completed within that time frame we will release ALL

documents and information we have received to the authorities.

Beginning with the SEC (for MN, OH, PA, and TX), FBI, FCC, MN State Police,

MN Attorney General, and Ferguson Law Group (the escrow group).

I have contacted Bank A Fraud and Bank B Fraud and have begun the

complaints against JRCA and Brightway and shall complete the complaints

upon the expiration of the 72 hours by providing all documents

to them.

I await your response

Review about: Loan Product Using Sblc Monetizing.

Comments

Anonymous
Roann, Indiana, United States #354609

wegotscammed.info has lots more information

Anonymous
Roann, Indiana, United States #354608

wegotscammed.info for more information

Anonymous
Roann, Indiana, United States #239802

Thank you, Mitch. I have also spoke with Jalin Realty's attorney. Per the attached complaint summary, he asserts the commitment fee is the cost for preparing the loan package ie)processing, underwriting, and due diligence, which is a service provided even if the loan is not granted. He also believes arbitration was an option your company refused. In addition, I should forewarn you that he expressed a lawsuit is being filed related to this issue. He indicated he would provide me with the case number.

Please understand the legality of the contract will better be addressed by a state Attorney General and/or your company's attorney. If a state Attorney General or another government entity issues a formal judgment, your BBB may be able to report this information in its reliability report if it meets are reporting guidelines. As indicated before, I will share your information as well as any documents other complainants provide with our Ohio State Attorney General for their review and consideration.

In summary, your BBB's role can be to assist the parties in coming to a resolution and reporting that outcome in the company's BBB reliability report. Enforcement of the law is the responsibility of the judicial system and your BBB is happy to work with that system.

At this point, I need your response to Jalin Realty's attorney's position. In order to report the case in the company's BBB reliability report upon its closure, I need to notify the company in...

Thank you for your follow up and communication.

Christy Mauch | Director of Operations/Executive Director, Center for Business and Consumer Ethics, Inc.

Tel: 937-222-1534, ext. 2264

Fax: 937-222-3338

Email: cmauch@dayton.bbb.org

www.bbb.org | Start With Trust

Better Business Bureau

15 W. Fourth St., Ste. 300

Dayton, Ohio 45402

Show more
Anonymous
Roann, Indiana, United States #239796

Thank you, Mitch. I have also spoke with Jalin Realty's attorney. Per the attached complaint summary, he asserts the commitment fee is the cost for preparing the loan package ie)processing, underwriting, and due diligence, which is a service provided even if the loan is not granted. He also believes arbitration was an option your company refused. In addition, I should forewarn you that he expressed a lawsuit is being filed related to this issue. He indicated he would provide me with the case number.

Please understand the legality of the contract will better be addressed by a state Attorney General and/or your company's attorney. If a state Attorney General or another government entity issues a formal judgment, your BBB may be able to report this information in its reliability report if it meets are reporting guidelines. As indicated before, I will share your information as well as any documents other complainants provide with our Ohio State Attorney General for their review and consideration.

In summary, your BBB's role can be to assist the parties in coming to a resolution and reporting that outcome in the company's BBB reliability report. Enforcement of the law is the responsibility of the judicial system and your BBB is happy to work with that system.

At this point, I need your response to Jalin Realty's attorney's position. In order to report the case in the company's BBB reliability report upon its closure, I need to notify the company in...

Thank you for your follow up and communication.

Christy Mauch | Director of Operations/Executive Director, Center for Business and Consumer Ethics, Inc.

Tel: 937-222-1534, ext. 2264

Fax: 937-222-3338

Email: cmauch@dayton.bbb.org

www.bbb.org | Start With Trust

Better Business Bureau

15 W. Fourth St., Ste. 300

Dayton, Ohio 45402

Anyone looking to do business with Jalin Realty Capital Advisors LLC

Please run or use EXTREME Caution.

The refund in the contracts appear to be bogus.

Show more
Anonymous
Roann, Indiana, United States #239003

The number of Groups that Jalin has taken money from and not funded is grown to four now...

Look out everyone DO NOT get scammed like we did

hmmstrange
Roann, Indiana, United States #214538

Want to know more check out

www.jrca.info

View more comments

You May Also Like