Best report
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Apr 1, 2009
Barry Adams, Rick Webber, Ty Tymkovich(all of Corporate Acquisitions Group, LLC), and Marvin "Randy" Hicks(PBS + Alliance Acquisitions) are all part of the same scam system.
They offer clients a “100 percent money back guarantee” that they will find qualified buyers for businesses. When clients tried to claim the refund, they deny the claims. Sellers are required to pay a designated fee to the scammers for acting as an intermediary with buyers, a designated sum for hiring an independent firm to prepare a valuation of the business that was being sold, and a fee for successfully matching a seller and a buyer. In order to deny the guaranteed refunds, they provide clients with sham matches. The buyers claim they are qualified but in reality have no interest in purchasing the clients’ businesses.
http://www.usdoj.gov/usao/ks/press/Sept07/09_20.html
Marvin Randolph Hicks: One count of conspiracy to commit wire fraud, six counts of wire fraud via telephone calls and one count of conspiracy to commit money laundering.
They offer clients a “100 percent money back guarantee” that they will find qualified buyers for businesses. When clients tried to claim the refund, they deny the claims. Sellers are required to pay a designated fee to the scammers for acting as an intermediary with buyers, a designated sum for hiring an independent firm to prepare a valuation of the business that was being sold, and a fee for successfully matching a seller and a buyer. In order to deny the guaranteed refunds, they provide clients with sham matches. The buyers claim they are qualified but in reality have no interest in purchasing the clients’ businesses.
http://www.usdoj.gov/usao/ks/press/Sept07/09_20.html
Marvin Randolph Hicks: One count of conspiracy to commit wire fraud, six counts of wire fraud via telephone calls and one count of conspiracy to commit money laundering.