Our company engaged Keystone Capital for an equipment lease of $1,700, 000. We were told that a deposit of $35,495.82 will be required for first months payment to begin the lease. Beforehand, we had sent financials (personal and business), and all other necessary information they had requested. Ed Popal from Keystone indicated there would be no problems for closing and it will be very quick as well. We then sent the required deposit of $35,495.82 to Keystone in "Good Faith". Keystone then turned us onto another individual Peter Matera that could neither confirm nor deny he was employed by Keystone. Peter mentioned two men-Peter Bowen and someone by the name of Mitch that he would like us to conference call with. He said we will talk to Mitch first and demanded we do not mention Peter Bowen's name. All of us conferenced with Mitch-Banker's Capital. After the call, Mitch made contact to myself and our CPA, and asked us who the "H*" is Keystone and who is Ed Popal. We then realized we had been misrepresented by Keystone, realized that the equipment lease will never commence and requested our deposit of $35,495.82 be returned, on company letterhead. Ed's email to me said our transaction is being closed out and unwinded. This was after numerous emails and calls over a 3-4 week period. His latest email dated 1-13-10 stated that Keystone elected to refer the file to their legal counsel and he does not have any more information at this time as the file is no longer on his desk. And that a package has been mailed to us from their legal counsel and at this point and time and moving forward, all future discussions should be made directly with Keystone's legal counsel. The lease was never commenced from Keystone and we would just like a full refund of our deposit of $35,495.82.in addition I have found the Banker's Capital full contact name, which is Mitch Larkin. Mitch indicated to myself and our CPA-that the Keystone proposal was in fact a "FANTASY" and requested to view our commitment letter with them. He said he wanted to review this, in order to see how we can obtain our deposit of $35,495.82 be returned.in fact, Mitch demanded we get these funds returned and engage their firm (Banker's Capital) to finance the deal of the $1,700, 000.
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