FDP Capital and Thomas J. Kent claims to be an Investment Banking fund that manages $500 million to fund entrepreneurial ventures. They request you complete an application and if approved they will contact you. When they contact you they require that you wire $5,500 for travel and due diligence fees. Our company was seeking $5 million to launch and we were "pre-approved for funding".
We were introduced to FDP via a "broker" Brad Robinson that claimed to have done many deals with Thomas J. Kent and FDP Capital. We wired the $5,500 because there was a refund clause if funding was not provided.
Thomas J. Kent traveled to our offices to conduct due diligence. We were immediately concerned because he didn't look like an individual who was worth or managed millions, and on top of that, he did not ask one probing question about our business. He did however say that he was impressed and that we would receive a letter of funding for thr $5 million and escrow attorney information within a week. We never received any ecsrow attorney information, or funding.
We were given excuse after excuse to why there were delays. After a month of this we demanded our refund and sent in our notarized refund request. It has been several months later and we have received NO refund nor further communication.
FDP Capital operates out of an executive office suite and has no real offices of their own. You can never get them on the phone by calling their offices. They work with desperate "brokers"/introducers who are promised $500 for each $5,500 site visit fee.
Since being scammed by FDP Capital we have conducted considerable research and uncovered at least four other companies that were scammed in the same way by FDP. We were not able to uncover one company that had been funded by FDP.
Do not do business with FDP, they are in the business of fraud and collecting site visit fees, not investment funding.
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