Jonathan Cross and Nelson Shapiro, the 2 directors of Blackpool Group misrepresented their company saying they managed a $250 million fund interested in investing $5 million into a smaller Hedge Fund which was to be formed and started by them for me to use in my real estate business. They asked me to pay $25,000 in upfront fees to prepare the documents and form the entities.
The agreement with Blackpool was to provide the fund with $5 million by June 23rd 2013 or return the $25,000. After repeated lies about the delayed funds they were not able to perform and have not returned the $25,000 as per their agreement. They are now threatening to sue our company to avoid returning the fee of $25,000.
They have also scammed 2 other businesses and all details of their other scams can be obtained from S&Z Fund Services, 145 PInelawn Rd, Suite 200, Melville NY 11747. Tel 631.368.3110
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