Jon Elayda who supposedly owns a company called Comentum Capital offered us to fund Purchase Orders that were securly factored by our current factoring company.
He first made us correct financial statments by hiring a special CPA and spend nearly $5,000.00 just to fly down to meet with him and pay for CPA services.
After they were supposedly corrected which that was not the case because the ended up being 95% similar to the ones we had pulled from our quickbooks he started giving excuses of funds supposed to be wired to our account and then never got there because of bank errors.
After that he took 2 more months promising funds for ordering product to our suppliers every sngle week and never coming true due to various unbelievable coincidenses or excuses.
Actually in the last two weeks he put himself as a victim of his supposed dyalisis every single day, when we met he was only doing that every time he didn't want to talk or didn't have an answer to give to us.
Our customers have deadlines like every company to supply and they had given us POs with enough time ahead for us to supply and deliver.
Since Jon Elayda not only promised but assured us even by having us and our supplier sign letters of assignment of funds we believed his business was real, so by the time we waited and waited it was too late to find other ways to look for funds and we lost our orders and that really deteriorated our relationship with our customer to an extent that he is not interested in keeping us as suppliers anymore.
This customer of ours would order somewhere around One Million dollars in POs for 2010 and we just lost him for good.
This is why we file this report, we may not be able to get our customer back now but we really want to prevent other people from dealing with this guy and suffering just what we went through due to his lack of seriousness and responsibility.
We have written proof of everything stated in this report to whomever may need it. Even emails where Jon Elayda assures funds or things being ready.
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