Update by user Jul 30, 2020
Company fixed the issue and I have been provided with partial refund.
Update by user Jul 27, 2020
As of July 27th, 2020 I have entered into an agreement with S.A. Capital which resolves our dispute. All prior claims are void and the status of our business relationship has been restored to good standing.
Original review posted by user Jan 07, 2020
On March of 2019, Maz Pawar of SA Capital LLC reached out to me inquiring about my interest in capital raising services his team could offer. The scope of work included: 1.
CIM and other supporting documentation so my startup could be presented to third-party investors 2. 1-page teaser summarizing the opportunity 3. A comprehensive list of prospective investors I could approve 4. Investor outreach 5.
Setup of call with potential investors 6. Regularly scheduled to update me on the campaigns progress 7. Weekly progress reports on investor outreach efforts The initial campaign was to run for 2-3 months with the outcome of SA Capital securing a few scheduled calls at the least. In the course of 9 months of trying to work with this company not ONE investor call was scheduled and only 3 weekly progress reports were delivered to me.
SA Capital supposedly relaunched my investor campaign in September of 2019 focusing on private investors only. The communication from Maz Pawar and John Paulson was even more elusive on the second round attempt of investor outreach and after November 13th all communication ceased from SA Capital with no updates or closure to my file. As stated by a previously complaint made on BBB.org they pitch deck they promised to rewrite was literally a copy and paste of documents and materials I provided to them without adherence to notes I provided to them on what needed to be updated. The investor list only included names of firms they said they reached out to.
The two progress reports we received had three fields which included the number of contacts in total they reached out, the number of those who requested more information, a number for those who were interested post receiving that info and a figure for those who declined to move forward.
Again, that weekly report was only delivered 3 times in the course of 9 months. SA Capital was fraudulent in their capabilities, poor in customer service and unethical in business practices.
Hi Harold, i am currently in a similar situation, were you able to get your money back at any point?
This is not a scam. Stop spreading false information.
Hello Auriella, Glad you decided to tell us this is not a scam. Are you going to return my $4500? If not, I suggest you figure out who you can contact to help me get our money back on this scam.