Last year 2006 I was reading the San Diego Union and I saw an AD concerning financing. I called the phone number and a Dr. Kern/Sam King answered. We met at the Four Seasons Hotel in Carlsbad, CA and Dr. Kern presented the EmpowerCapital mutual empowerment concept.
When you first see the idea it makes sense "People Empowering Each Other" helping one another to qualify for loans.
I asked Sam/Dr. Kern for six references which he gave me. I called all six and everyone said they had done loans with the help of EmpowerCapital.
According to EmpowerCapital's formula if you deposit minimum $25,000 you can leverage this to $1 million line of credit for Real Estate transactions.
However before I did anything I met with Dr. Kern/Sam King at a restaurant in Carlsbad in June and presented the Ritz-Carlton Residences Condo Project in Baltimore, MD which for $240,000 I could secure a 1680 sq. Ft. Unit which was selling for $1,650, 000.00.
Dr. Kern/Sam King said "this will be NO Problem for EmpowerCapital in fact I could fund this myself!" "All you have to do is deposit your $25,000 and you can have the money by the end of the month!" So on June 14th I wired $25,000 to a Bank America account in New York.
The end of June came and Sam King couldn't preform, he said he didn't have enough time! In the meantime another project with Ritz-Carlton came up in Chicago, IL on Chicago's Miracle Mile, again I had the opportunity to secure a 1680 sq. Ft unit for $250,000 that was selling for $1,885, 000. This time I needed the money by the first week of August.
Again when the time came Sam couldn't deliver, so I then asked for my money back to which he agreed, however here it is May 15 and He hasn't returned any of the $25,000.
This guy is a liar, cheat, thief, con man, swindler and a few other choice adjectives! Do not do any business with him because all he will do is take your money and not preform!
If some of you that are reading this have been ripped-off by him please let me know as I am determined to put him behind bars.
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