Patrick Murphy represented he was the former President of the AFL-CIO and that subsequent to his retirement, he created Captital Resources Financial Ltd., the ONLY entity which the AFL-CIO now accepts Executive Summary packages for loan consideration.
We signed a written contract which clearly states that in the event the loan is not provided our deposit would be refunded. Pursuant to this agreement, we paid over $1M in loan fees and miscellaneous expenses.
Numerous demands for additional documentation were required, all of which we complied with, and yet Capital Resources Financial Ltd. NEVER provided one document for the ownership as promised. After six (6) months of continual delays, the asset we sought to acquire was sold to another group.
We have requested an immediate refund of our monies as per the contract three times, but no refund has been issued in over 90 days, even though we were initially promised the refund would be forthcoming. We believe that Cpaital Resources Financial Ltd. Never intended nor had the means or contacts to fund the project as represented.
We are seeking other complaintants against this company to explore legal action ASAP. Other individuals involved in this transaction are George Husack, and Daniel F. Peterson.
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