New Reviewer

PLEASE GET WITH US ON CLASS ACTION LAWSUIT PERTAINING TO PRIMEAU FUNDING

We should all work together to do a class action law suite against this company. I already talked to FTC and many other government site representatives and after talking to many more attorney's about this specific scam that they are doing, they said if we can just all come together, at least 3 or more, we could get our money back and then some.It looks like there are possibly even more victims than this, we can all come together and take her and this company to court and sue, garnish her wages, if she doesn't have the money, and sue her in a class action. She has been asked by many of us for a refund, now we can actually ask for PUNITIVE damages as well. We actually sent in $7500 and we didn't get any services at all, but her lies. So, please comment with me and I can organize it all, I know how to write the demand letter on behalf of us all, we can all add up how much money this woman has stolen from us and we have about 3 more years and we can sue her more readily. After 30 days if she doesn't respond to our Demand letter, we automatically will win. She is good in court defending herself, but so am I too and I can help us all do this. All we need to do is get together and I can sincerely do the rest, if you are serious about getting your money back. Lets get together and do it. Even if she does respond, she will have to come up with a resolution that we all agree to. Most likely she will fight it and dig herself a deeper hole. So, please do some footwork with me and lets find more victims. We will win if we can file at least 3 complaint forms for FTC, they will do the rest for us. I believe there was already some filed against her, they maybe just needed one more compliant. So, go file it at FTC.gov (Make sure to click "File Complaint"), I believe it is. We just need her office location and write her the demand letter. It is really simple and I have an article on how to do it. You can look me up by typing "Primeau funding Joker Broker". I wrote another article on how to Sue or Write a Claim against big company's. So, I Have been studying this as a Harvard researcher for many years now. We are almost ready to take her out. If you want to jump on and file along with a small claims court - class action law suite, please contact me. We are very serious and we can win our money back. She knows what she is doing and it is a common scam that the FTC and BBB are very aware of. All they need is more people to stand up and we can get our money back.No matter what. We actually can take her to court and sue for even more money than we sent in. Up to a certain amount depending on what Small Claims court fees and rewards are for ARIZONA, as that is where her business license is. So, like also this pertains to where your location is. Like Tennessee we can sue for up to 15,000 dollars or so. This would cover both you and my company's loses. We possibly can add on even more people, as there are many others if you look through the grape vine of sites. She should have known that people would complain against her, because she doing a classic loophole scam, but after too many complaints, she is in the wrong for Misleading conduct and Trickery. Kindest Regards,
View full review
2 comments
#1645135

I have sent clients to Primeau Funding over the past few years and we have been very pleased with their professionalism and their ability to get deals funded!

#1650794
@PissedConsumer1645135

BS. You can't back that statement up with even a name.

View more comments (1)
ID
#1208925 Review #1208925 is a subjective opinion of poster.
Location
Scottsdale, Arizona
Cons
  • Being mislead
  • Deception
  • Trickery and misleading
Reason of review
Not as described/ advertised
Loss
$7500
Preferred solution
Full refund

Find Someone Else

To begin. We have just completed almost 7 years of 2 multi-million dollar court cases against some incredibly rich and incredibly powerful people. We won the original court case(s) by unanimous jury decision. We have also won all appeals and currently hold a mandate in our hand (which means the case is dead and they cannot appeal any more). I will also state that we won against two sets of attorneys that have defended their clients in the Supreme Court. So, if you wish to threaten us with 'legal action' for stating the truth here, or perhaps to try a defamation suit (which we also won), we are not afraid, and our teams of attorneys are standing by to hold you accountable. Bottom Line: I would avoid dealing with these people. I would be especially wary of giving them any money. We recorded this phone call. We keep detailed records. I do not work in the lending industry, neither does anyone that works for me. We are not in competition with Primeau Funding and we have never heard of them before today (probably because they did not want people researching them before the meeting). We are not in competition with Legacy Commercial Capital and we heard about them just a few days ago, when we started speaking with their ‘consultant’ Jeff Thornton of T-Time Investments. I am not being paid and/or compensated for this review. The following is a break-down (more or less in chronological order) of how our ‘funding conference call’ went with Debbie McNutt of Primeau Funding as well as Terrence ‘Coach’ Smith of Legacy Commercial Capital. I have relayed the basic parts of the conversation, but the best/most accurate record is the telephone recording (which was used extensively to create the information below). Please draw your own conclusions from the provided information. I. How the ‘funding call’ went down (conversation was recorded with notes): 1. I was about 2 minutes early to the conference call and the music was pretty bad while I was waiting. Not ‘elevator music’ but a loud, sometimes disharmonic, fast guitar. 2. Terrence ‘Coach’ Smith, CEO of Legacy Capital, got on the line on time and asked me to introduce myself. He seemed pleasant/professional enough, however, it was incredibly difficult to answer his questions... Why, might you ask? Well, for one thing, when he stopped speaking, the line would ‘click/pause’ (similar to if someone hung up on you), and then that blasting, raking music would start playing. After trying to get through about a minute or so of questions, I finally asked if he had some sort of setting he could change so that music wasn’t blasting at me. He chuckled a bit and said, ‘sure’ and made the music stop. It was a bit difficult to understand his mode of speaking as well. In addition, throughout the entire call, the line would click and beep a number of times, as well as pause/go mute. This implies to me that a number of people were calling in and/or monitoring the conference call without introducing themselves. Very difficult to communicate this way. 3. Debbie jumped on the line, and started talking. Fast and to the point. Basically her first question was she wanted us to state how much money we had already invested. She then proceeded to cut me off before I finished (we had a 9-item list previously provided to them with patents, trademarks, hours worked, as well as tax-supported records, etc.) I started with my work hours as a paid consultant; as stated, she cut me off and said that was unacceptable (she actually laughed at me). When she was done with her ‘explanation’ of why that particular line item was not acceptable, I swallowed my pride, didn’t even argue with her and tried to move on to the next line item. She didn’t want to hear it. I had to actually ask her if I might finish answering her original question. She said OK and I outlined my partners’ involvement to the tune of $217k... of which she merely didn’t care. 4. She then jumped into her next issue and stated that we had to come up with 10% ‘capital injection’ and asked if we were willing to do that. A. I said that my group had not discussed that, but we could discuss it. B. She then tried to dismiss me from the call. 5. She then wanted the Net Worth and Liquidity of every member of our Company. I started to say that if all she needed was a verbal, that I could provide that much money if needed, even without my partners. She then stated that she was leaving to take another call! Not kidding. 6. Jeff (the guy that brought Legacy Commercial Capital to us) jumped in and said, when do you want to talk again and she hung up/left the line at 9min and 30 sec into the talk (meaning ‘her’ talking at us). 7. Debbie then RE-JOINED THE CALL approximately 54 seconds later... (not kidding) A call that she had just terminated and said something like ‘Oh, I... um... I guess you are still talking with Terrence?’ 8. I then asked Debbie, if we produce this money for you/your group, what do we get in return? A. She said not a cookie cutter approach. She said what her equity group would look at is Capital Injection, 5 year pro-forma, very aggressive (bleep: Meaning their phone line made beeps/pauses and I don’t know what she said) cash flow, exit strategy, typically bought out by year 5, (bleep, again), an array of everything, so she can’t underwrite it over the phone. B. She then returned to ‘we just need a verbal statement of net worth then we will look at NOI and EBIT for years 1-5.’ ’ Which again, I had already told her that I, alone, without my partners could come up with that money). C. She then told me that I was being very adversarial and basically would not want to work with me. I chuckled and said I was going to say the same thing about you; you literally just left in the middle of my answer to your questions to go on another phone call. I said I am a former military commander and a business owner of 16 years ... and she chopped me off again. She then proceeded to speak non-stop until the 15 minute point... WHEN SHE HUNG UP, AGAIN! D. I remained on the line, trying to piece together a plan with my ‘consultant Jeff’. He was happy I was able to speak with her again, but was ‘upset’ at her rude behavior. I admitted that it already seemed as if Debbie had decided she didn’t want to work with us. E. At 16minutes, a series of beeps meant that someone had either left or joined the call, but did not speak to us. My guess is that Terrence left the line or someone new joined and listened in without saying anything. F. At 18 minutes, another beep of a caller joining or leaving: “This is Debbie McNutt with Primeau Funding”... DEBBIE RETURNED TO THE CALL, AGAIN!!!. She then said, “Terrence, we have another call scheduled here.” We do have other calls besides yours (meaning my group, not Terrence/Legacy Capital). G. Despite the fact that I thought this was Legacy Capital’s conference line, and that I was supposedly in a conference call with the CEO of Legacy Capital (Terrence Smith), I started to protest, realized it was pointless and that something else was clearly going on... I just sucked it up and said, OK. Goodbye. H. My consultant-Jeff- called me back immediately and wanted to know if I could provide her the net worth statements and tried to explain that she really didn’t mean we needed to give them $1Million dollars up front. He also mentioned that Terrence was basically Debbie’s ‘Boss’... which is also really strange. I. Now that I knew who some of the players in this ‘show’ were, I immediately started looking up Primeau Funding on the internet... surprise, surprise. Whether legitimate or not, they seem to have taken advantage of a number of people. 9. What a real funding group or entity might do: Spend 5 minutes actually reviewing the 4 pages of information that they made you send them (them requiring us to use their forms/documents, instead of their own is not that abnormal... however, normally they would want to see the rest of our information/documents, if they were interested). If the proposal on the table is getting $10Million, a legitimate funding group would do their research, before speaking with you – A. Debbie McNutt came to our meeting unprepared. She knew nothing about me or my partners, and seemed to not even care what our project was (very odd for venture/angel capital). Had she done even a cursory Google Search on the CEO or our Chief Science Officer, she would have seen dozens of legitimate sources about us, to include Wikipedia, Linked-In, Numerous Universities, Military Records, Local/State/Federal/International Government Records, White Papers, Court Case/Litigation Records, Business Records, even Trademarks and Patents, etc. 10. Debbie McNutt was rude and had her own agenda to push... neither of which is a no-go for business (not how I do business when trying to form a business relationship... but I digress), however, if She actually listened to ANY of the answers provided, she would have quickly realized that we already passed her ‘capital injection’ test and her ‘required 10%’ test for our net worth (as an individual or a group). She didn’t listen, she spoke over me and interrupted me numerous times, and was very unpleasant to speak with in general. To me, this means that something unspoken was playing out and she just didn’t want to deal with us, despite already being given the information she said she needed to ‘get to the next step’. 11. This is a well-played ploy. In psychological terms, if you continue to tell someone they aren’t good enough or you don’t want them, that person will subconsciously try to prove that they are good enough and that you do want them. Prior to this call, we had already stated we would not pay upfront fees, to the tune of thousands of dollars. When the consultant-Jeff, pushed back and said we need to pay for fees like background checks and stuff. I said, that won’t be a problem. We can pay for each line item, however, part of my company deals with background checks and they cost about $18-$30 (sometimes less if you get a bulk rate deal with a good company). Also, credit checks are similar. I also know that if they wanted to check on the status of our businesses, they could pay for a ‘business in good standing’ certificate from each particular state of organization/incorporation... and that would only be a few hundred dollars maximum... how do I know? I have paid for them before. Thus, she didn’t care about our project, because all she seems to want is those ‘up-front’ thousands, and it seems, they have a second plan for people that can produce large amounts of cash. I am sure that plan will not be good for anybody, except them. Undoubtedly they will use that plan to line their pockets even more. I recommend avoiding these people and protecting yourself before the next time you try to get funding, by having a checklist of your own, for what you are and are not willing to do for them. II. Checklist for Investor Conversations/Meetings 1. Ask for the name and company name of the people looking to invest in you, BEFORE, accepting a meeting. 2. Up Front Fees: Do not pay them. It is typically not a good idea and you should say no right away A. To Proceed forward anyways/work through a compromise: i. Ask for a physical address for their company ii. Ask for some type of reference. (Perhaps who they have dealt with in the past. A customer or a financing institution that has actually succeeded with a deal) iii. Ask for an Escrow attorney, that they have used more than once, to vouch for them? iv. Provide documentation for all of their ‘hard costs’ to determine legitimacy. v. Provide documentation for all ‘time spent’ working to try and get us funding, like an attorney or consultant would keep track of their hours (I do it...) vi. Offer to place the capital and/or ‘up-front money’ in a third party escrow account, which can be used to draw funds, when appropriate documentation is provided and/or proven, as opposed to just giving them control of all the money. vii. If they balk, then walk. viii. Try to check out a number of ‘scam reporting websites’... don’t just trust the first page or two of Google Searches. ix. Forbes link to a Venture Capital (VC)/Investor Checklist: https://www.forbes.com/sites/davidteten/2015/02/11/dont-pitch-a-venture-capitalist-without-this-checklist/#6fc322ae5d53 x. Entrepreneur .com article on how to prepare for a VC meeting https://www.entrepreneur.com/article/81964 3. Good luck and Stay Positive (...but be as prepared as practical!)
View full review
1 comment
#1445088

Please Read my Prior Post, do you think she is worth pursuing in court? As my company alone lost 7.5K and many sales and time,that was valuable, as I personally Wasted months working with her.

One Paperwork after another week after week. She was claiming that she needed more info and this and that. Making us jump through Firey Hoops. Read my story online called "The Joker Broker who Stole my Money "Debbie McNutt is McDeath" Article online.

The Kazweh website. We are doing to write a demand letter either way. Just on this site alone, it looks like she has tallied up over 21,000 dollars in losses claimed. Can't imagine how many more that haven't been to this site and reported their losses.This has hurt us bad, as that money could have went towards other debts or expenses.

She is a thief and she knows the scam she is pulling off is a Loophole. When enough people get together, we can take her out. This happened almost two years ago, and she has managed to steal many more company's dollars.I Think she wants to hit up the big corps. because they will just write it off as a loss and move on, butwith smaller businesses like myself, it really can take a toll on your life.

I can't believe someone like her really exists. She has no shame in what she is doing and this has caused me and my family, great distress. How can people like her operate a business and not get taken down or shut down?Shows what Ethics America doesn't have, which I stood for and believed in. I contacted many Attorney's and even FTC and they acted like, 'This happens all the time, if there is pre payment, don't ever do it'....Right, but she is very convincing that you will get the loan, and don't worry about a thing, she will do all the paperwork to make your company look good.

She doesn't do a damn thing, but take your money, and forces you to send it in in a week , or she can't help you get a loan. That should have been my red flag, but they had other Scammers there to keep supporting your efforts with her. Then later they act like they can't believe what just happened.It is a big Ponzi pyramid scheme/Show. You are right.

Thanks for posting this, however we are working on getting a class action lawsuit against her. If you know of any material or way to help us, we would possibly be willing to work with you. You didn't actually go forward with this scam, did you? You are blessed if you didn't, it looks like you didn't.Thanks for taking the time to put this up.

You would think more people would look her up, before undergoing her underwriting process. WHICH IS A COMPLETE AND UTTER JOKE! Coach Terrence is a Jerk and Liar as well.

These people will have bad Karma come back at them, very badly.They are aware of what they are doing. It causes harm against others, I don't care how Corrupt money is and the system of chaos.

ID
#1199132 Review #1199132 is a subjective opinion of poster.
Location
Scottsdale, Arizona
Reason of review
Unprofessional, Exploitative-Seeming behavior
Preferred solution
Re-Evaluate your life choices

$6,000 for absolutely nothing: how is this legal?

I do not want to provide my name, but suffice it to say that we were charged $6,000 for this broker to locate a funding source for us, and they came up with 0 actionable leads. Yet, we were still charged $6,000. I am surprised this is allowed. To this day, my husband and I feel like we were quasi-scammed by this company. We both have excellent credit, graduate degrees and impeccable backgrounds. I guess we were simply too naive and trusting. Live & learn, I guess. Anyway, fast forward several years, and we now have an SBA loan at a much lower rate than anything a broker would have tried to cobble together. Caveat emptor. You could quite literally be charged $6,000+ for a "lending package" that never materializes. (*I will provide my identity to the owner of this website if requested, but I generally do not provide my personal information online).
View full review
5 comments
#1444927

I did business personally with Primeau Funding and I can honestly say that they were upfront, honest, and professional throughout the lending process. I would definitely recommend them to other colleagues in the same Industry.

Just so we know this isn’t some random person my name is Michael Saint. I own 7 businesses and I can be reached via email at Michael.saint@***.org

#1402359

•THEY ARE CREATIVE SCAMMERS IS ALL• If you did this, you will never see your money again, I sent 7500 dollars and I didn't get any loan or anything; they are a full scam company. If you want to team up with me, we can both send a demand letter and work out a small claim court suite; let me know, because what they have done is called "Illegal - Fraudulent Business Transaction" .

They used trickery and under no case was she going to actually get you a loan, with a pre payment charge this is illegal. She knows it and she is robbing people all around the world.

*I have an article on how to write a demand letter, you then just send it to her and after 30 days or whatever time frame, she doesn't come up with a solution; you can take to your small claims court, we are eligible to sue for up to $15,000 where I am from, I have all this information if you are interested please contact me. I am not a Lawyer, but a business that did lose my money from this company and she refused to issue a refund; she asked for a money order and I learned a huge lesson.

Never prepay and believe that someone promising you that a loan will come through, and then they would refund you the pre payment fees, this is a scam loophole, but still it is a scam and you know she didn't do any work for you, she is only filling out paper work for a loan company which any one can do, she isn't doing anything special at all, but robbing you. I hope you didn't fall for this.

#1402214

Same here. She took $7500 “Due diligence” from us and never did anything.

I have heard numerous people say the same thing. She takes money and then never produces.

She is a BROKER not a lending source or funds director. Big talker and no substance...

#1424758
@PissedConsumer1402214

Eric Plott perpetuates fraud as he continues to write "Child-like" reviews as himself, anonymous and Moringa Kingdom that are "Balderdash".

Eric became vengeful when a back-ground check was completed on him per his request for a business loan.

I advised Eric that he had pending criminal charges and that he would need to wait approximately 3-weeks to see if the pending charges for a "Hit and Run" would be dropped. Eric became vengeful by threatening Primeau Funding that things would get ugly if we did not return his retainer or pay off his student loan. Our, (PF) contract clearly outlined that the retainer was non-refundable however would be credited back to the client at closing, less any cost incurred on our (PF) end. Eric signed the contract.

Eric Plott's criminal background and creditability can be viewed here

http://primeaufunding.com/eric-plott.html

PC has allowed Eric Plott to violate their Terms & Conditions and a lawsuit was filed against PC by another party http://www.flastergreenberg.com/assets/htmldocuments/RICO%20Complaint.pdf

I, Debbie McNutt have worked in the financial community since 1998 and in the private sector since February of 1999. Most of our business is referral based from existing clients and consultants/brokers of whom we’ve worked with in the past. PF has engaged in writing Executive Summaries for clients and I, Debbie McNutt have personally met with clients upon request. I have been involved with site visits, photographing of properties and I do a training seminar once a month for consultants/brokers.

I have been asked to speak at seminars in California.

Primeau Funding has no issues with any regulatory agencies and an A+ rating with the BBB. When seeking funding for a project, it is important to be honest along with follow through with any requests that are made by the investor along with provide the requested documentation to have the best possible chance of funding.

#1343420

My name is Debbie McNutt and I am the Managing Director of Primeau Funding and we have no record of charging a client $6,000. The author does not identify themselves nor has this author ever contacted Primeau Funding, therefore this review is "fraudulent"

View more comments (4)
ID
#1044227 Review #1044227 is a subjective opinion of poster.
Service
Primeau Funding Customer Care
Pros
  • That creative financing and funding companies exist
Cons
  • That they could charge for something they did not deliver
Reason of review
taken advantage of
Loss
$6000
Preferred solution
Full refund

Primeau Funding the Experienced and Professional Funding Source!!

I have known and worked with Debbie McNutt and Primaeu Funding for many years. She is very thorough and detailed with her preparation of funding packages. Primaeu Funding has top rated and excellent funding providers. Debbie has received many compliments from these same funding providers regarding the professional, detailed and accurate presentation she provides for her clients! Primeau Funding has successfully sourced for and closed on funding for many projects during their many years in business. I definitely recommend that you take your funding request to Primaeu Funding!! I know from my experience you will receive a detailed, accurate and thorough response to your request!! Submitted by D Buck
View full review
ID
#940352 Review #940352 is a subjective opinion of poster.
Service
Primeau Funding Customer Care
Pros
  • Professionalism
Reason of review
Good customer service
New Reviewer

FULL Scoop on The Joker Broker Who Stole My Money

FULL Scoop on The Joker Broker Who Stole My MoneyLink To This Article here:http://thekazweh-com.myshopify.com/blogs/news/11824****-full-scoop-on-the-joker-broker-who-stole-my-money This amazing scam is found hereSite http://www.legacycommercialcapital.com/ facebook:...
View full review
View full review
4 comments
#1281264

Legacy Commercial Capital at http://www.legacycommercialcapital.com is a fraudulent private funding site.

+ The site gives an address in Florida but is not registered / authorised in Florida as a search here shows: http://search.sunbiz.org/Inquiry/CorporationSearch/ByName

+ That address is a PO box and their telephone number (305) 628-**** belongs to Brenda Schofield of 3140 NW 158th St Opa Locka, FL 33054

+ The domain is being used in an email financial scam reported here: https://www.scamwarners.com/forum/viewtopic.php?f=9&t=133234

+ The registrant is using privacy protection

View more comments
ID
#825759 Review #825759 is a subjective opinion of poster.
Location
Columbia, Missouri
Cons
  • Trickery
  • Scam
  • Contract fraud
Reason of review
Pricing issue
Loss
$7500
Preferred solution
Full refund

Why Trust Reviews on PissedConsumer?

  • Professional auto and live moderation
  • 100% user-generated content
  • Equal opportunity and protection
  • Zero tolerance for fake reviews
  • Verified content

For more information read Blog article