In October. I met with Kimberly Eckles and entered into an agreement to provide funding to develop a "wine based" skin care product line. This agreement was confirmed in Chicago in October when she came to further discuss this business venture.
In October and November of I advanced a total of $10,000.00 to Kimberly Eckles with an agreement that I would share a 20% interest in the profits generated by the new business entity.in addition I agreed to fund a trip for us to visit France to develop a "story line" for the launch of the new "French Wine Based" product line (approx $5000.00).
We discussed the need for a written agreement and she explained that she needed to consult with her brother-in-law, a lawyer, to determine exactly how the business entity would be set up, i.E. Corporation, partnership. Limited partnership, etc. She was to present a draft agreement to me in 60 days to confirm our business agreement.
In February while attending a packaging convention in Anaheim California, she asked for an additional $5000.00 for product development cost. I became concerned that she and her brother-in-law lawyer had not yet drafted an agreement after several months so I presented her with a draft of a partnership agreement so as to confirm our agreement. She objected to the agreement and claimed that she wanted to impose a limit of two years for sharing of profits. (Most new businesses do not earn a profit within two years AND this was never discussed or agreed to) I told her I would not allow the check for $5000.00 to clear without a written agreement.
She responded by e-mail on February 15 saying that she intended to end our business relationship and that she would repay the $10,000.00 thus advanced. She has since not responded to my demands for repayment. I am convinced that this is a scam and that this individual using the same investment scheme has victimized others. I have documentation of the money paid to Kimberly Eckles as well as her affirmation of her agreement to give this money back.
InvestmentScam / Deceptive Business Practices / Fraud
This is the same report filed with the Attorney General of Arizona.
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