Where to start about Mr. Ray Kim and the ANR Capital Group. First of all they are based in Pasadena, CA. I set up an appointment to meet with Mr. Kim at thier offices and he kindly offered to meet me closer to where I was located as he was "relocating his offices"... After checking on "his office" in Pasadena... It's nothing more than a UPS Store Mailbox... I hired Mr. Kim after speaking with him for serveral months. I was looking to raise capital for a new business that I was working on in Florida. I was recently laid off from my job in th avaition industry and relalized that would not be coming back. I paid Mr. Kim the up front fee of $30,000 which he advertised was fully refundable if he couldn't obtain the needed funding. I did this Aug. 13. Based on his advertising, I should have started hearing some things in late August. When I started to ask for details, he then told me they were running behind, due to the economy and wouldn't hear anything for 30 days at least. I had advised Mr. Kim the need for the funding by the end of Sep. And he felt he could accomplish this without any problems.in mid-Sep, I started to ask for more updates, but Mr. Kim started to delay responding to me. It took him days to respond to emails and he would never answer his phones.in early Oct. I told him that the deal I was working on was falling apart and the $20k deposit was in jeopordy, due to his failure to live up to his commitments. He advised me then, that he used a third party to secure funding and he actually didn't do any of the work... So basically he was acting like a broker. He still assured me that he would be able to obtain the funding so I did what was needed to secure the original deal of buying the business. This included paying a $5k penalty to the owner of the business for the delays. Needless to say these excuses went on and on and on and on through the month of Oct and Nov. Mr. Kim always offered another story and no promises were ever kept. Eventually the business deal I was working on and needed the funding for colapsed and I lost my deposit of $20k and the $5k penalty. Mr. Kim was less than concerned and offered yet another excuse.in early Dec I requested that he just refund the money, since he obviously was not experienced or was even a legitamate financial business. It was then that he told me that he had 'applied" for my refund with his mysterious third party and it would take 2 weeks to process. Again, Mr. Kim failed to produce. It's been 4 weeks since then and he's not even returning calls or emails at all. I have been working with a local lawyer in FL to sue Mr. Kim for the fraudulent ads and transaction that he committed. I would have loved to have at least gotten my $30k back from him, even though he cost me far more in losses of the business deal itself. I also intend to submit everything to the local District Attorney's office for review in hopes of prosecuting Mr. Kim for fraud. It's clear that he isn't capable of assisting in obtaining business capital and his advertised money back guarantee is a total lie. Be aware of this con man. He'll take your money and not give a darn whether you're out in the street because of his actions!!!
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