Usacomplaints.com » Miscellaneous » Complaint / Review: Universal Capital Management, Inc - Misleading Investors and Stealing Portfolio Company ideas - and Driving Portfolios Company s into financial ruin under the guise of raising capital. #512309

Complaint / Review
Universal Capital Management, Inc
Misleading Investors and Stealing Portfolio Company ideas - and Driving Portfolios Company's into financial ruin under the guise of raising capital

Michael Queen and his company Universal Capital Management are compulsive liers. He lies to his investors about innovative business ideas that he steals from company's of his portfolio.investors are told that their investment dollars are going to finance a company or business idea of a company in his portfolio while he uses the money to prop up Universal. This give the appearance that investors are interested in Universal Capital's Stock causing a slight increase in value. Michael Queen then turns around and sells or liquidate his company stock and pockets the profits. The stock price drops well below the purchase price of the Investor, and the investor is stuck holding the bag of devalued stock. Mike will offer to give the Investor his money back but returned at the current stock price value or at 20 to 55% less in value dollars of what was originally invested. This is being done at the same time he is stealing business ideas from his portfolio company's claiming them and pitching stolen ideas to his investors as his own. Universal Capital Management has bilked an untold number of portfolio company's out of great business ideas while ignoring the terms of their confidential contract. Universal Capital Management has no break-out successful company's of their portfolio because they are only interested in sucking the life blood out of them and spewing them out.
Investors and small business owners beware.


Offender: Universal Capital Management, Inc

Country: USA   State: Delaware   City: Wilmington
Phone: 3029988824
Site:

Category: Miscellaneous

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