Usacomplaints.com » Business & Finance » Complaint / Review: Watermark Capital Partners - Tom Lennon - Thomas P. Lennon Jr, Lennon Companies Investment Fraud - AVOID. #834347

Complaint / Review
Watermark Capital Partners - Tom Lennon
Thomas P. Lennon Jr, Lennon Companies Investment Fraud - AVOID

Watermark Capital Partners, specifically Tom Lennon, is in my opinion, a fraud and a complex scam. Our group approached Watermark Capital about 2 years ago to raise capital for our entertainment based start-up. He told us that he would have no problem raising the capital in 3-6 months. He then asked for a $5,000 / month retainer and a 4% equity stake in our company. His sales presentation is flawless and he is one of the best salesmen / "potential con-man" I've ever met and he sold us hard. We agreed to his term and from that point forward it was excuse after excuse about why the money could not be raised while he still drew his retainer. After 3 months, we tried to get out of the contract for non performance and Tom then threatened to sue us into bankruptcy if we tried. We did not have the resources to fight him in court so after 4 more months of Tom Lennon and Watermark Capital siphoning the founders investment in the company and not delivering, we had to bankrupt the company.



0 comments

Information
Only registered users can leave comments.
Please Register on our website, it will take a few seconds.




Quick Registration via social networks:
Login with FacebookLogin with Google