They have reached our company last year, offering the great hotel price that they can book for us this year. We had paid 9 units of room to them and one additional unit in July. However, when the day of the reservation came, October 16th, we found out from the hotel that they never received the money from the International Events, or IEP Group Inc. At the same day we received an urgent email from IEP Group Inc. Saying that they have failed in their business and they will try to pay back slowly.
Thus, we had to pay to hotel at the higher rates for the rooms and we most likely will never get the money back from the IEP Group Inc.
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