I'll try to be brief and stick to the raw facts - Including only what I have witnessed first hand. I dealt with this individual for far too long and Never seen him actually deliver on any of his promises / business deals.
Jacob Orona (as I came to know him) took nearly 100k from a business owner stating the he (Jacob) himself would put together a corporate structure and build credit to it within 6 months. Countless excuses, blaming, and stalling pushed the date out longer and longer. A year and half later and not a single corporation or bit of credit. The documents he provided in his stalling were for corporations that didn't even belong to him, but rather an honest, hardworking individual who believed him to be a friend.
He forged someones signature and information on a credit application as guarantor for a lease on a new car for an associate.
He forged someones signature and information on a credit application as guarantor to purchase a hummer for himself (that one was declined fortunately).
He took approx. 100k from a line of credit that belonged to a "friends" parents by forging some checks that he somehow got a hold of.
He maxed lines of credit in the name of a close friend of his wife's - this one I did not witness, but have talked to the victim regarding this case against Jacob and my own case.
He's sold multiple "corporate packages" to people - most times he delivered nothing, others he delivered something not even close to what he claimed he would. I don't know exact details on these victims so I will leave it at that.
Jacob goes by several names and even has some photo ID's with different names (this witnessed with my own eyes). He works under ever changing company names so no point in me listing them. He also moves office to dodge angry clients. Last I heard he was running a scam with some 1099 OID form that supposedly gets you back money that you've payed on your mortgage, and recently started doing conferences on getting out of paying taxes.
DO NOT under any circumstances do business with this shady person. Do Not let him anywhere near your corporation. Do Not let him know any of your Personal or Business information. Do Not give him money! IF you do business with him anyway, keep him as far away from you as possible, and INSIST that you not pay until the product is 100% completed, in your possession and are Positive that he could not possibly use any of your or your company's credit. It's unfortunate that he's turned out to be such a fraud - his wife (though part of the act and the female voice for the phone when he's scamming an account that belongs to a female) and kids seem so nice, yet they too will be victims in the end.
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