Frank Beninsig
Fund Raising scam, posed as an investo

Business & Finance

I meant Frank Beninsig at a funding post for cock tail party where investors would listen to companies seeking fund raising to capitalize there company. Frank had a great interest in a patent pending product I own, he was very happy our company office were so close together, he then informed me that he wanted to be partners and a change from being an investor or an investor agent. He wanted to do the fund raising for my company. He could not receive a check in his name, asked to barter for his pay and to make his health insurance payments direct to his health care provider. He also asked for his rental car to be paid directly to the rental car agency.

Frank is one of thses people who tells you everything you want to hear, he received $15,000 in payments made on his behalf, products and expenses. Durning our relantionship he would say there were several investment groups who were interested in funding my project, that I needed to have a meeting with them. The meetings never happened. I then has a friend of mine who also used Frank, I learned Frank was funding raising and try to sell his company. Frank informed me on his expense report he had to pay for my Friend lunch because he was a potential investory. My friend informed me he had lunch with Frank and a investory where my friend pitched his fund raising to the investor, my company was not even talked about.

I paid Frank to work on my patents, to this date I still have not received from the USPTO of the work he completed, there is additional work to be done that he was paid to do. He does not return phone calls or has he fullfill his agreement.

Frank Beninsig has filed bankruptcy that is why he can not receive checks in his name. He informed me that he is getting assistance for his daughters to attend college that is why. If he got checks in his name he would make to much money and loose his assistence he receives for his daughters.

I then informed Frank he had to start producing results, I then put together a log showing him of the items that remain unresolved or never happened as he said they would. After I demanded results he refused to return my calls.

I gave him a credit card to use for posting on a web site where investors looked for investments, he than used the card number without permission.

Frank posses as an investors find companies in search of capital, talks a real good story promises he will be able to raise capital, makes you pay while he says he is fund raising then never comes through.


Company: Frank Beninsig
Country: USA
State: California
City: Folsom
Address: 2795 E. Bidwell Ste 100
Phone: 9168494270
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