Fixed Price: $150 - $600
| Posted: Feb 26, 2014 | Ends: 3d, 14h |
My company (several partners) signed an agreement with a company that was supposed to provide my organization with a seven-figure amount of funding capital in exchange for 25% of the stock of the company. My company also put $50,000 down in reference to the funding. The company is now almost a year late on the funding and kept the $50,000. In the original agreement, the owner of the other company personally guaranteed the $50,000. SEC issues - The other company said that they were monetizing securities transactions to fund the investment. The other company is located in Florida and the agreement was written to be governed under the laws of the state of Florida. At one point in the process, my company was even shown a bank letter (which we now believe may have been fraudulent). There may be both civil and criminal issues.
Category: Business and Corporate