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Prospexx Integrated Capital - Opinions
Good day,
Just a quick start to a thread for anyone who has had any experience with Prospexx - either good, bad or ugly.
Funding documentation has come through, looks good, but the old adage that if it "looks too good to be true it probably is" is ringing around in my head.
Would appreciate any feedback on them before I get too far down the line with them.
Cheers.
by brfinancial May 28, 2009 1:29 PM
You really don't elaborate much.
Are there upfront costs?
What makes it too good to be true?
You can email racy.prg@gmail.com privately if you like.
by racyprg May 28, 2009 1:34 PM
The loan is for £68,000,000 UK, but I have to say that the rates are reasonable (8-12%) and the upfront fees are reasonable (£8500). For a deal of this size, I'm not concerned with the terms offered.
What I don't know is if anyone has any experience with the funder (Prospexx), and whether my client is better looking for something elsewhere or if they are the real deal and will close.
Any feedback on working with this lender, like I said good, bad or ugly, is greatly appreciated.
Cheers
by brfinancial May 28, 2009 1:54 PM
You're looking for information on a lender in the UK funding a what looks like a loan in the UK, on a website in the US?
You nee to ...................
by Put The Crack Pipe Down May 28, 2009 2:16 PM
Nice to see you're paying attention.
Loan is from a NORTH AMERICAN funder, for a property in the UK. This lender has little to no exposure over here, so nobody has any feedback or background on them.
I guess it would be too much to expect an American to figure it out. Thanks for your helpful post.
by brfinancial June 9, 2009 10:46 AM
Have you made any progress Can you contact me pelletiser@yahoo.com
Thanks
by pelletiser June 10, 2009 11:42 AM
I've also been trying to find out about Prospexx and its principal, Tom McKenzie and would be grateful for insight from anyone who has dealings with him, Prospexx or another realred company run by daughter, Barrett Capital Exchange. Just ran across this entry for Barrett Capital Exchange & Tom McKenzie. Don't have any details & can't judge the merits but it does raise big concerns:
http://www.ripoffreport.com/reports/0/467/ripoff0467896.htm
by cfpro July 11, 2009 2:26 PM
Prospexx and Barrett Capital Exchange are almost one company.
Tom McKenzie uses his dauther, Michalea Barrett to obtain projects. Some go through Barrett and the others through Prospexx where this other joker, Tony Quance runs a SWAT report to dig up as much dirt on companies and people and gives his own personal opinion to protact themselves from having to refund your fee's.
These guys are professional rip-off artists and make a hefty living off taking fee's from customers and not funding because they shop your deal in hopes of getting lucky. They use other funding companies like Lauton Funding in New York who also chage fee's to the client to hand you a meaningless LOI from Barrett or Prospexx. It is a clean scam!
STAY AWAY FROM THESE THIEVES!!!!!!
by John Harris July 25, 2009 7:50 AM
Check
by Honest Broker August 13, 2009 5:57 PM
brfinancial and John Harris - please contact me if you don't mind, as I have a weird situation via a group in London who is I think using Prospexx. Thanks.
Honest-Broker@live.com
by Honest Broker August 13, 2009 6:00 PM
Can anybody say they have been funded by Prospexx Integrated Capital and Principal Tom Mackenzie .I sense a rising profile of problems that could be stemmed by some simple facts.The market conditions should not be a carte blanche for collecting upfront DD fees and after long delays not funding!
by Bemused September 1, 2009 6:27 AM
Anyone closed with Tom Mackenzie and Prospexx Integrated Finance? Asked this question as Bemused and it stayed on the thread for a short time then vanished.Then my password became invalid to repost.Simple question
Thanks in advance
by More Bemused September 1, 2009 10:46 AM
E mailed customer services now both postings are back on but would be great to get some feedback on Tom Mackenzie and Prospexx Integrated Capital!
by More Bemused September 1, 2009 10:47 AM
Just to assist Prospexx Integrated Capital seem to be connected to Barrett Capital Exchange which should increase the chance of somebody having some dealings with them Either involved in their group of funders or someone that has been funded surely?
by More Bemused September 6, 2009 3:48 PM
I should have some information soon - but I wouldn't send any money to a broker and it seems this is exactly what they are, i.e. Kennedy, etc.....
by Honest Broker September 6, 2009 8:37 PM
It appears that John Harris was correct about Tom Mckenzie there seems to be more and more appearing on different blogs It all seems to be directed at the non performance of Barrett Capital Exchange and Prospexx Integrated Capital.With not one positive response to counter things.How do these people sleep?
by More Bemused September 7, 2009 5:12 PM
There seems to be extensive postings about Prospexx Integrated Capital And Barrett Capital Exchange mentioning Tom Mckenzie on this blog however none of them seem to be positive.There is also a posting from Tom Mckenzie himself.
http://insidetradellc.com/blog/list-private-placement-trader-brokers-fraud-avoid/comment-page-3/#comment-243
by More Bemused September 9, 2009 4:40 AM
It has been brought to our attention that some less than complimentary things have been posted on the internet. Unfortunately, and on occasion, we must address these types of issues. Such is the nature of our business. While we often have the pleasure of helping someone finance their dreams and we certainly aim to fund all of the projects that are brought to us here at PCL , it does, at times happen that a project can not be funded. There are many reasons that are never brought to our attention by the client themselves, that can render a project to be non-viable. These things are brought to light through our own investigative work. We never enjoy having to tell a client that their project can not be funded, but if or when it has to be that way, we assure you it is only after every avenue has been exhausted and it is done professionally and with solid back up as to why.
We understand that it is difficult to be told “no” however it seems counter productive to lower ones self to name calling and a smear campaign over the internet. In truth, that sort of behaviour says more about their character than it does ours. So while we must address the comments, we put little merit in them and ask all of our current and future clients to please consider the source.
We have not become as reputable and successful as we are by “scamming” people. There are no charges or pending litigations against us and since 1991 we have successfully funded ourselves, or found funding for many, many projects.
We hope this clears up any concerns that you may have and we thank you for your time.
Prospexx Capital Ltd. Management Team
by Tom McKenzie September 21, 2009 6:38 PM
It strikes me that if someone had a legitimate complaint they would be able to post their real name. When someone like Bemused goes and hits every board that he can, but refuses to identify himself, there is a bit of cowardice. If I knew who he was he would have been contacted, and if legitimate would have been offered a refund as is stated on our website. If he is doing this for fun, we would see him in court. Unfortunately the cowards are heard. He did not qualify for a loan, so it is our fault. We tried, but with his background we obviously could not help. We know who he is. That is being dealt with, with an offer of a refund. .
by Tom McKenzie September 21, 2009 6:43 PM
Mr. McKenzie, if you'd like to speak to me as to determine the true nature of your business (as I have tried within the past few months)I would be glad to report the outcome honestly.
Honest-Broker@live.com
by Honest Broker September 26, 2009 2:47 PM
Mr Mckenzie why do I need to identify myself to confirm what seems to be evident There is no one you have closed a deal with! My whole postings started asking for simple information I do not want a refund it is your clients that you gave false hope too that deserve that.
Yes of course you have to say no to some but who have you said yes to.If there are many many why can none use the internet? and reply.
Incidently who are Prospexx Capital Ltd I thought you traded as Prospexx Integrated Capital why the change again ? Whatever next will it be Prospexx Auto.
I have said nothing slanderous or liabilous about you or your companies just asked simple questions again! has anyone received funding off you?but no answers.It is delays that ruin lives and projects why would it take 12 months to come to a conclusion we all know what can change in that time.If you cannot do things in reasonable time frames do not charge for LOI documentation!and if you can not do it at all stick with your smart cars.Simple
by More Bemused September 29, 2009 2:46 PM
Apologies in advance but this needs to be brought to everyone's attention that may be embarking on the awful journey myself and my company and family were taken on.
Tom Mckenzie and his company Prospexx Integrated Capital issued via a broker in the UK a letter of Interest to my company.After accepting our payment for the Due Diligence after 4 months we were told the project had passed that process even without a site visit.It was then that excuses began from the principal Tom Mckenzie.At no time was there a problem with the project just his investors.
So for a further 2 months he dragged out the process with weekly promises of deadlines to produce a contract which we never ever had sight off.In denial and hope we ignored the negative sentiment on the Internet even though we pointed it out.So now they have said no to funding the project for time reasons we felt we must post this daily to stop any other companies falling for the false illusion.It is not a smear campaign and not done anonymously I am the principal and my e mail is sandydouglass@googlemail.com.I am not bitter about being told no it is just the manner in which it has all been done. Nobody should have to suffer what Tom Mckenzie inflicted on me my company and by default family.Even if he had access to all the funds available in the world do not engage with him.These are just facts and I will produce them for anyone.
by Sandy Douglas October 5, 2009 4:28 PM
Apologies in advance but this needs to be brought to everyone's attention that may be embarking on the awful journey myself and my company and family were taken on.
Tom Mckenzie and his company Prospexx Integrated Capital issued via a broker in the UK a letter of Interest to my company.After accepting our payment for the Due Diligence after 4 months we were told the project had passed that process even without a site visit.It was then that excuses began from the principal Tom Mckenzie.At no time was there a problem with the project just his investors.
So for a further 2 months he dragged out the process with weekly promises of deadlines to produce a contract which we never ever had sight off.In denial and hope we ignored the negative sentiment on the Internet even though we pointed it out.So now they have said no to funding the project for time reasons we felt we must post this daily to stop any other companies falling for the false illusion.It is not a smear campaign and not done anonymously I am the principal and my e mail is sandydouglass@googlemail.com.I am not bitter about being told no it is just the manner in which it has all been done. Nobody should have to suffer what Tom Mckenzie inflicted on me my company and by default family.Even if he had access to all the funds available in the world do not engage with him.These are just facts and I will produce them for anyone.
by More Bemused October 5, 2009 4:28 PM
At last conclusive proof I just had to copy and paste your post please do it everyday and finish this man I will E mail you direct and give you the details of people already starting to act against him.
Post it again as this has needed to be said for a long time hope you have ties to the UK as I think that is where it can all start from have you heard of
Andrew Sutton?or Gemma Wilmshurst?
by More Bemused October 5, 2009 4:35 PM
Mr Tom Mckenzie this is what I have waited for you said you had offered me a refund LIAR I did not pay you any money.You did not try and fund any of my projects I just heard how you operate exactly how this person above has depicted Will you be offering them a refund? as they are disgruntled at waiting 6 months for you to find the metal to say no They are lucky as in your time frames that is short.
Prospexx Integrated Capital take fees then spend nearly a year deciding they can not fund something.
Just stop ruining projects and pay the people back their fees.FALSE FALSE FALSE HOPE is all you give then your normal NO the same as you have for years.
What goes around comes around and I am going to enjoy the next steps.
You can not hide in your little yellow smart car for long Mr Car dealer.
This is the modern world where google can tell the truth watch!
by More Bemused October 5, 2009 4:45 PM
Hello
I wait for your e mail lots of these postings seem to have agendas mine is just facts.
Yes I am so angry I will post it again and again.
Apologies in advance but this needs to be brought to everyone's attention that may be embarking on the awful journey myself and my company and family were taken on.
Tom Mckenzie and his company Prospexx Integrated Capital issued via a broker in the UK a letter of Interest to my company.After accepting our payment for the Due Diligence after 4 months we were told the project had passed that process even without a site visit.It was then that excuses began from the principal Tom Mckenzie.At no time was there a problem with the project just his investors.
So for a further 2 months he dragged out the process with weekly promises of deadlines to produce a contract which we never ever had sight off.In denial and hope we ignored the negative sentiment on the Internet even though we pointed it out.So now they have said no to funding the project for time reasons we felt we must post this daily to stop any other companies falling for the false illusion.It is not a smear campaign and not done anonymously I am the principal and my e mail is sandydouglass@googlemail.com.I am not bitter about being told no it is just the manner in which it has all been done. Nobody should have to suffer what Tom Mckenzie inflicted on me my company and by default family.Even if he had access to all the funds available in the world do not engage with him.These are just facts and I will produce them for anyone.
by Sandy Douglas October 5, 2009 4:49 PM
http://answers.yahoo.com/question/index?qid=20090928125112AANMXRR
http://www.ripoffreport.com/Loans/Tom-Mckenzie-Prospex/tom-mckenzie-prospexx-integr-22642.htm
http://www.complaintsboard.com/bycompany/prospexx-integrated-capital-amp-barrett-capital-exchange-a170973.html
http://www.complaintsboard.com/complaints/prospexx-integrated-capital-amp-barrett-capital-exchange-c263130.html
http://www.bigsiteofmoney.com/investing/11303-have-you-ever-heard-of-prospexx-integrated-capital.html
http://www.ripoffreport.com/Brokerage-Companies/Prospexx-Barrett-Cap/prospexx-barrett-capital-exch-24ccb.htm
https://www.ripoffreport.com/Search/Company/Prospexx-Barrett-Capital-Exchange-Tom-McKenzie.aspx
You have got to look at these if you already have not!
by More Bemused October 5, 2009 6:56 PM
Well, that is all very interesting Tom, it would seem you have time to post on websites to deffend your position but you don't have time to answer phone calls, return messages or even answer emails. I have no problem with Identifying myself and if anyone wants to discuss how prospexx I.C behave and do business please feel free to contact me via this site. Prospexx have been telling us they are going to fund since June 17th 2008 when we paid them £6,500 plus another £1,000 to a broker who introduced them, since then we have had call after call promising funding along with letters promising funding and at no stage any contract, I think we have had at least 3 promises of a contract within the next few days...
My name is Kevin Ryan, Tom if you wish to call me and explain why the promises never come to anything I will be happy to explain on this site why the delays have happened and if they are ligitimate. However I don't hold up much hope.
At no time over the past year have you told us we cannot be funded, even weeks ago you told us the contract would be with us within days and then stopped returning call or responding to emails, please feel free to deffend you behavour, however I would suggest any company worth dealing with would at least be honest.
I think the truth is - Prospexx cannot fund anyone...
by KSRyan October 6, 2009 5:38 AM
Tom
I am very public ally asking you for a refund of the fees I paid to your company Prospexx Integrated Capital.
Your excuses for delays and false promises of completing the funding were not contemporaneous.At no point did you attempt any variation of risk reward only an automated bland response to the hurdles your investors created.Our project was always fully secured via assets that you informed us had passed due diligence not once but twice.
The delays were purgatory and have cost us both in time credibility and hard cash.The documentation you initially furnished us with will be made very public as read with your reasons for not funding and the time span just confirm a good deal of the negative sentiment on the Internet.
If a commitment is not made within 5 days to refund my fees and adequate compensation.Not only will I start publicising transcripts of which I received from the Broker and directly from you.I will start legal proceedings and traditional mechanisms not just internet publicity.When read in hindsight they become very damming maybe it has slipped your mind some of the dialogue we had.
I am sorry as you said on our final conversation you do not like the tone but facts prove everything.
Remember our funding was for only $700000 and you talk as if you can access millions.Speak through my Broker and I would advise you to respond on here also.This page has very few links as yet and still comes high on searches.This is not a campaign it is just a simple demand for a refund and compensation as I paid and received nothing Simple
by Sandy Douglas October 6, 2009 8:32 PM
Hello Tom Mckenzie
Since I posted my request for a refund I have been innundated with replies and concerned clients. Also the first ever e mail from you.In my response to you I have been candid however in your reply to me you are already aware of my confusion.So in the interim you have still not repaid me or even formally replied to my request for a refund and compensation.Of course I sent you a formal request so what is your formal reply?
by Sandy Douglas October 16, 2009 6:02 PM
These two companies Prospexx Integrated Capital and Barrett Capital Exchange take upfront due diligence fees claiming to have access to funds.Then after extended periods of time they find excuses not to fund a project thus pocketing the fees.
They give no detailed reports of what the fees are spent on and basically claim they can not get their investors to fund a project which they have already given a letter of interest for.It seems that they target projects that they can draw out the process and then find an excuse not to fund.
There only expense seems to be Mr Tom Mckenzie who gives vague excuses not factual reports from any instructed professional so we can only assume it is he who benefits from the fees.
I have had a number of clients that experienced this awful process and none have received funding given excuses that were blatantly obvious at the LOI stage,
So the complaint is why do these companies feign interest in projects in areas that their "investors are not happy with" We can only assume for the fees! Do not send them anything
After Taking fees upfront these companies and Tom Mckenzie spend in my case 6 months finding various reasons why they can not produce what they give documentation for at the outset.Talking in very vague terms they work through a broker initially then when you get to speak to them direct the excuses change.Step by step they will say positive things and delay and delay.For nearly 2 months Mr Tom Mckenzie who claims he is investing himself will use terms like it is all "wrapped up" then further terms like senior partners are viewing the project and there will be further delays.
At the outset he claims to be the principal of an organisation that cannot e mail.
He as far as I can grasp is a deluded old man that told me he could not fund my project after 6 months as he did not like my tone.
I apologise in advance but I will post a complaint every day I can in an effort to prevent the pain he inflicted on me my colleagues and family happening to anyone else. His working practices are at least incompetent and to be honest just plain evil.For months we say the questions on the Internet but wanted to believe let me advise eveyone not too.
Prospexx Integrated Capital & Barrett Capital
150 Battery Street
Fort Erie, Ontario
Canada
Phone: 062 823 04 43
prospexx.com
These companies take your money and run after they make you wait for long periods to tell you are getting nothing for what you have paid $1000s of dollars and £1000s of pounds they are stealing now is the time to get angry and complain long and loud Refund the money you frauds is what all their "clients" victims should demand.
Prospexx Integrated Capital & Barrett Capital Exchange
Posted: 2009-10-16 by Bemused
fee scam
Complaint Rating:
Company information:
Prospexx Integrated Capital & Barrett Capital
150 Battery Street
Fort Erie, Ontario
Canada
Phone: 062 823 04 43
prospexx.com
Mr Tom Mckenzie the fulcrum of all these complaints has missed the point.My original complaint was he takes fees off people for nothing.So I started asking questions to that effect he and his companies advertise something that they then charge for and subsequently never produce.He then starts trying to defend this evil practice by saying he is offering refunds to people like me that complain about paying and getting nothing.Therefore I now have two equal and substantial complaints both proving each other.I know clients have paid and got nothing and I also know he has not offered refunds and that is a simple and obvious lie.So Mr Tom Mckenzie stop scamming people and stop saying you are offering funds or refunds unless you can prove anything of substance do not keep digging yourself into such obvious holes.For once do something of substance.
Prospexx Integrated Capital Take Your Money And Give You Nothing
Posted: 2009-10-03 by lookplease
Due Diligence Fee Scam
Complaint Rating:
Company information:
Prospexx Integrated Capital & Barrett Capital
150 Battery Street
Fort Erie, Ontario
Canada
Phone: 563-823-8481
prospexx.com
A man that deludes himself Tom Mckenzie spreads an image that he can produce something after he has taken peoples money. Under the name of Prospexx Integrated Capital or one of his other imaginary contrived companies.
Then he insults people that he has been producing something/nothing since 1991 and expects them to wait up to 12 months to be told he can not fund.
He is a simple Walter Mitty that maybe is convincing himself that he should speak to people about funding when in reality he should be in a bar talking the same shit about care in the community.
Please do not give this man money as he will spend it wasting other peoples time.
Answer all the questions that are on the internet by advising him to get a life and leave real business to people that do it and not bullshit about doing it.
The man and his companies are frauds stop him by contacting him and asking what do you do apart from waste peoples time but under no circumstances pay him any money or he will persist in his erroneous practices.
Google what he does and then you will understand he is just a complete waste of space.
You must be aware of the sentiment on the Internet and my experiences to date emphatically prove most of them.
Let us bring this to an end.
Sandy
by Sandy Douglas October 16, 2009 6:26 PM
Good day,
Just a quick start to a thread for anyone who has had any experience with Prospexx - either good, bad or ugly.
Funding documentation has come through, looks good, but the old adage that if it "looks too good to be true it probably is" is ringing around in my head.
Would appreciate any feedback on them before I get too far down the line with them.
Cheers.
by brfinancial May 28, 2009 1:29 PM
You really don't elaborate much.
Are there upfront costs?
What makes it too good to be true?
You can email racy.prg@gmail.com privately if you like.
by racyprg May 28, 2009 1:34 PM
The loan is for £68,000,000 UK, but I have to say that the rates are reasonable (8-12%) and the upfront fees are reasonable (£8500). For a deal of this size, I'm not concerned with the terms offered.
What I don't know is if anyone has any experience with the funder (Prospexx), and whether my client is better looking for something elsewhere or if they are the real deal and will close.
Any feedback on working with this lender, like I said good, bad or ugly, is greatly appreciated.
Cheers
by brfinancial May 28, 2009 1:54 PM
You're looking for information on a lender in the UK funding a what looks like a loan in the UK, on a website in the US?
You nee to ...................
by Put The Crack Pipe Down May 28, 2009 2:16 PM
Nice to see you're paying attention.
Loan is from a NORTH AMERICAN funder, for a property in the UK. This lender has little to no exposure over here, so nobody has any feedback or background on them.
I guess it would be too much to expect an American to figure it out. Thanks for your helpful post.
by brfinancial June 9, 2009 10:46 AM
Have you made any progress Can you contact me pelletiser@yahoo.com
Thanks
by pelletiser June 10, 2009 11:42 AM
I've also been trying to find out about Prospexx and its principal, Tom McKenzie and would be grateful for insight from anyone who has dealings with him, Prospexx or another realred company run by daughter, Barrett Capital Exchange. Just ran across this entry for Barrett Capital Exchange & Tom McKenzie. Don't have any details & can't judge the merits but it does raise big concerns:
http://www.ripoffreport.com/reports/0/467/ripoff0467896.htm
by cfpro July 11, 2009 2:26 PM
Prospexx and Barrett Capital Exchange are almost one company.
Tom McKenzie uses his dauther, Michalea Barrett to obtain projects. Some go through Barrett and the others through Prospexx where this other joker, Tony Quance runs a SWAT report to dig up as much dirt on companies and people and gives his own personal opinion to protact themselves from having to refund your fee's.
These guys are professional rip-off artists and make a hefty living off taking fee's from customers and not funding because they shop your deal in hopes of getting lucky. They use other funding companies like Lauton Funding in New York who also chage fee's to the client to hand you a meaningless LOI from Barrett or Prospexx. It is a clean scam!
STAY AWAY FROM THESE THIEVES!!!!!!
by John Harris July 25, 2009 7:50 AM
Check
by Honest Broker August 13, 2009 5:57 PM
brfinancial and John Harris - please contact me if you don't mind, as I have a weird situation via a group in London who is I think using Prospexx. Thanks.
Honest-Broker@live.com
by Honest Broker August 13, 2009 6:00 PM
Can anybody say they have been funded by Prospexx Integrated Capital and Principal Tom Mackenzie .I sense a rising profile of problems that could be stemmed by some simple facts.The market conditions should not be a carte blanche for collecting upfront DD fees and after long delays not funding!
by Bemused September 1, 2009 6:27 AM
Anyone closed with Tom Mackenzie and Prospexx Integrated Finance? Asked this question as Bemused and it stayed on the thread for a short time then vanished.Then my password became invalid to repost.Simple question
Thanks in advance
by More Bemused September 1, 2009 10:46 AM
E mailed customer services now both postings are back on but would be great to get some feedback on Tom Mackenzie and Prospexx Integrated Capital!
by More Bemused September 1, 2009 10:47 AM
Just to assist Prospexx Integrated Capital seem to be connected to Barrett Capital Exchange which should increase the chance of somebody having some dealings with them Either involved in their group of funders or someone that has been funded surely?
by More Bemused September 6, 2009 3:48 PM
I should have some information soon - but I wouldn't send any money to a broker and it seems this is exactly what they are, i.e. Kennedy, etc.....
by Honest Broker September 6, 2009 8:37 PM
It appears that John Harris was correct about Tom Mckenzie there seems to be more and more appearing on different blogs It all seems to be directed at the non performance of Barrett Capital Exchange and Prospexx Integrated Capital.With not one positive response to counter things.How do these people sleep?
by More Bemused September 7, 2009 5:12 PM
There seems to be extensive postings about Prospexx Integrated Capital And Barrett Capital Exchange mentioning Tom Mckenzie on this blog however none of them seem to be positive.There is also a posting from Tom Mckenzie himself.
http://insidetradellc.com/blog/list-private-placement-trader-brokers-fraud-avoid/comment-page-3/#comment-243
by More Bemused September 9, 2009 4:40 AM
It has been brought to our attention that some less than complimentary things have been posted on the internet. Unfortunately, and on occasion, we must address these types of issues. Such is the nature of our business. While we often have the pleasure of helping someone finance their dreams and we certainly aim to fund all of the projects that are brought to us here at PCL , it does, at times happen that a project can not be funded. There are many reasons that are never brought to our attention by the client themselves, that can render a project to be non-viable. These things are brought to light through our own investigative work. We never enjoy having to tell a client that their project can not be funded, but if or when it has to be that way, we assure you it is only after every avenue has been exhausted and it is done professionally and with solid back up as to why.
We understand that it is difficult to be told “no” however it seems counter productive to lower ones self to name calling and a smear campaign over the internet. In truth, that sort of behaviour says more about their character than it does ours. So while we must address the comments, we put little merit in them and ask all of our current and future clients to please consider the source.
We have not become as reputable and successful as we are by “scamming” people. There are no charges or pending litigations against us and since 1991 we have successfully funded ourselves, or found funding for many, many projects.
We hope this clears up any concerns that you may have and we thank you for your time.
Prospexx Capital Ltd. Management Team
by Tom McKenzie September 21, 2009 6:38 PM
It strikes me that if someone had a legitimate complaint they would be able to post their real name. When someone like Bemused goes and hits every board that he can, but refuses to identify himself, there is a bit of cowardice. If I knew who he was he would have been contacted, and if legitimate would have been offered a refund as is stated on our website. If he is doing this for fun, we would see him in court. Unfortunately the cowards are heard. He did not qualify for a loan, so it is our fault. We tried, but with his background we obviously could not help. We know who he is. That is being dealt with, with an offer of a refund. .
by Tom McKenzie September 21, 2009 6:43 PM
Mr. McKenzie, if you'd like to speak to me as to determine the true nature of your business (as I have tried within the past few months)I would be glad to report the outcome honestly.
Honest-Broker@live.com
by Honest Broker September 26, 2009 2:47 PM
Mr Mckenzie why do I need to identify myself to confirm what seems to be evident There is no one you have closed a deal with! My whole postings started asking for simple information I do not want a refund it is your clients that you gave false hope too that deserve that.
Yes of course you have to say no to some but who have you said yes to.If there are many many why can none use the internet? and reply.
Incidently who are Prospexx Capital Ltd I thought you traded as Prospexx Integrated Capital why the change again ? Whatever next will it be Prospexx Auto.
I have said nothing slanderous or liabilous about you or your companies just asked simple questions again! has anyone received funding off you?but no answers.It is delays that ruin lives and projects why would it take 12 months to come to a conclusion we all know what can change in that time.If you cannot do things in reasonable time frames do not charge for LOI documentation!and if you can not do it at all stick with your smart cars.Simple
by More Bemused September 29, 2009 2:46 PM
Apologies in advance but this needs to be brought to everyone's attention that may be embarking on the awful journey myself and my company and family were taken on.
Tom Mckenzie and his company Prospexx Integrated Capital issued via a broker in the UK a letter of Interest to my company.After accepting our payment for the Due Diligence after 4 months we were told the project had passed that process even without a site visit.It was then that excuses began from the principal Tom Mckenzie.At no time was there a problem with the project just his investors.
So for a further 2 months he dragged out the process with weekly promises of deadlines to produce a contract which we never ever had sight off.In denial and hope we ignored the negative sentiment on the Internet even though we pointed it out.So now they have said no to funding the project for time reasons we felt we must post this daily to stop any other companies falling for the false illusion.It is not a smear campaign and not done anonymously I am the principal and my e mail is sandydouglass@googlemail.com.I am not bitter about being told no it is just the manner in which it has all been done. Nobody should have to suffer what Tom Mckenzie inflicted on me my company and by default family.Even if he had access to all the funds available in the world do not engage with him.These are just facts and I will produce them for anyone.
by Sandy Douglas October 5, 2009 4:28 PM
Apologies in advance but this needs to be brought to everyone's attention that may be embarking on the awful journey myself and my company and family were taken on.
Tom Mckenzie and his company Prospexx Integrated Capital issued via a broker in the UK a letter of Interest to my company.After accepting our payment for the Due Diligence after 4 months we were told the project had passed that process even without a site visit.It was then that excuses began from the principal Tom Mckenzie.At no time was there a problem with the project just his investors.
So for a further 2 months he dragged out the process with weekly promises of deadlines to produce a contract which we never ever had sight off.In denial and hope we ignored the negative sentiment on the Internet even though we pointed it out.So now they have said no to funding the project for time reasons we felt we must post this daily to stop any other companies falling for the false illusion.It is not a smear campaign and not done anonymously I am the principal and my e mail is sandydouglass@googlemail.com.I am not bitter about being told no it is just the manner in which it has all been done. Nobody should have to suffer what Tom Mckenzie inflicted on me my company and by default family.Even if he had access to all the funds available in the world do not engage with him.These are just facts and I will produce them for anyone.
by More Bemused October 5, 2009 4:28 PM
At last conclusive proof I just had to copy and paste your post please do it everyday and finish this man I will E mail you direct and give you the details of people already starting to act against him.
Post it again as this has needed to be said for a long time hope you have ties to the UK as I think that is where it can all start from have you heard of
Andrew Sutton?or Gemma Wilmshurst?
by More Bemused October 5, 2009 4:35 PM
Mr Tom Mckenzie this is what I have waited for you said you had offered me a refund LIAR I did not pay you any money.You did not try and fund any of my projects I just heard how you operate exactly how this person above has depicted Will you be offering them a refund? as they are disgruntled at waiting 6 months for you to find the metal to say no They are lucky as in your time frames that is short.
Prospexx Integrated Capital take fees then spend nearly a year deciding they can not fund something.
Just stop ruining projects and pay the people back their fees.FALSE FALSE FALSE HOPE is all you give then your normal NO the same as you have for years.
What goes around comes around and I am going to enjoy the next steps.
You can not hide in your little yellow smart car for long Mr Car dealer.
This is the modern world where google can tell the truth watch!
by More Bemused October 5, 2009 4:45 PM
Hello
I wait for your e mail lots of these postings seem to have agendas mine is just facts.
Yes I am so angry I will post it again and again.
Apologies in advance but this needs to be brought to everyone's attention that may be embarking on the awful journey myself and my company and family were taken on.
Tom Mckenzie and his company Prospexx Integrated Capital issued via a broker in the UK a letter of Interest to my company.After accepting our payment for the Due Diligence after 4 months we were told the project had passed that process even without a site visit.It was then that excuses began from the principal Tom Mckenzie.At no time was there a problem with the project just his investors.
So for a further 2 months he dragged out the process with weekly promises of deadlines to produce a contract which we never ever had sight off.In denial and hope we ignored the negative sentiment on the Internet even though we pointed it out.So now they have said no to funding the project for time reasons we felt we must post this daily to stop any other companies falling for the false illusion.It is not a smear campaign and not done anonymously I am the principal and my e mail is sandydouglass@googlemail.com.I am not bitter about being told no it is just the manner in which it has all been done. Nobody should have to suffer what Tom Mckenzie inflicted on me my company and by default family.Even if he had access to all the funds available in the world do not engage with him.These are just facts and I will produce them for anyone.
by Sandy Douglas October 5, 2009 4:49 PM
http://answers.yahoo.com/question/index?qid=20090928125112AANMXRR
http://www.ripoffreport.com/Loans/Tom-Mckenzie-Prospex/tom-mckenzie-prospexx-integr-22642.htm
http://www.complaintsboard.com/bycompany/prospexx-integrated-capital-amp-barrett-capital-exchange-a170973.html
http://www.complaintsboard.com/complaints/prospexx-integrated-capital-amp-barrett-capital-exchange-c263130.html
http://www.bigsiteofmoney.com/investing/11303-have-you-ever-heard-of-prospexx-integrated-capital.html
http://www.ripoffreport.com/Brokerage-Companies/Prospexx-Barrett-Cap/prospexx-barrett-capital-exch-24ccb.htm
https://www.ripoffreport.com/Search/Company/Prospexx-Barrett-Capital-Exchange-Tom-McKenzie.aspx
You have got to look at these if you already have not!
by More Bemused October 5, 2009 6:56 PM
Well, that is all very interesting Tom, it would seem you have time to post on websites to deffend your position but you don't have time to answer phone calls, return messages or even answer emails. I have no problem with Identifying myself and if anyone wants to discuss how prospexx I.C behave and do business please feel free to contact me via this site. Prospexx have been telling us they are going to fund since June 17th 2008 when we paid them £6,500 plus another £1,000 to a broker who introduced them, since then we have had call after call promising funding along with letters promising funding and at no stage any contract, I think we have had at least 3 promises of a contract within the next few days...
My name is Kevin Ryan, Tom if you wish to call me and explain why the promises never come to anything I will be happy to explain on this site why the delays have happened and if they are ligitimate. However I don't hold up much hope.
At no time over the past year have you told us we cannot be funded, even weeks ago you told us the contract would be with us within days and then stopped returning call or responding to emails, please feel free to deffend you behavour, however I would suggest any company worth dealing with would at least be honest.
I think the truth is - Prospexx cannot fund anyone...
by KSRyan October 6, 2009 5:38 AM
Tom
I am very public ally asking you for a refund of the fees I paid to your company Prospexx Integrated Capital.
Your excuses for delays and false promises of completing the funding were not contemporaneous.At no point did you attempt any variation of risk reward only an automated bland response to the hurdles your investors created.Our project was always fully secured via assets that you informed us had passed due diligence not once but twice.
The delays were purgatory and have cost us both in time credibility and hard cash.The documentation you initially furnished us with will be made very public as read with your reasons for not funding and the time span just confirm a good deal of the negative sentiment on the Internet.
If a commitment is not made within 5 days to refund my fees and adequate compensation.Not only will I start publicising transcripts of which I received from the Broker and directly from you.I will start legal proceedings and traditional mechanisms not just internet publicity.When read in hindsight they become very damming maybe it has slipped your mind some of the dialogue we had.
I am sorry as you said on our final conversation you do not like the tone but facts prove everything.
Remember our funding was for only $700000 and you talk as if you can access millions.Speak through my Broker and I would advise you to respond on here also.This page has very few links as yet and still comes high on searches.This is not a campaign it is just a simple demand for a refund and compensation as I paid and received nothing Simple
by Sandy Douglas October 6, 2009 8:32 PM
Hello Tom Mckenzie
Since I posted my request for a refund I have been innundated with replies and concerned clients. Also the first ever e mail from you.In my response to you I have been candid however in your reply to me you are already aware of my confusion.So in the interim you have still not repaid me or even formally replied to my request for a refund and compensation.Of course I sent you a formal request so what is your formal reply?
by Sandy Douglas October 16, 2009 6:02 PM
These two companies Prospexx Integrated Capital and Barrett Capital Exchange take upfront due diligence fees claiming to have access to funds.Then after extended periods of time they find excuses not to fund a project thus pocketing the fees.
They give no detailed reports of what the fees are spent on and basically claim they can not get their investors to fund a project which they have already given a letter of interest for.It seems that they target projects that they can draw out the process and then find an excuse not to fund.
There only expense seems to be Mr Tom Mckenzie who gives vague excuses not factual reports from any instructed professional so we can only assume it is he who benefits from the fees.
I have had a number of clients that experienced this awful process and none have received funding given excuses that were blatantly obvious at the LOI stage,
So the complaint is why do these companies feign interest in projects in areas that their "investors are not happy with" We can only assume for the fees! Do not send them anything
After Taking fees upfront these companies and Tom Mckenzie spend in my case 6 months finding various reasons why they can not produce what they give documentation for at the outset.Talking in very vague terms they work through a broker initially then when you get to speak to them direct the excuses change.Step by step they will say positive things and delay and delay.For nearly 2 months Mr Tom Mckenzie who claims he is investing himself will use terms like it is all "wrapped up" then further terms like senior partners are viewing the project and there will be further delays.
At the outset he claims to be the principal of an organisation that cannot e mail.
He as far as I can grasp is a deluded old man that told me he could not fund my project after 6 months as he did not like my tone.
I apologise in advance but I will post a complaint every day I can in an effort to prevent the pain he inflicted on me my colleagues and family happening to anyone else. His working practices are at least incompetent and to be honest just plain evil.For months we say the questions on the Internet but wanted to believe let me advise eveyone not too.
Prospexx Integrated Capital & Barrett Capital
150 Battery Street
Fort Erie, Ontario
Canada
Phone: 062 823 04 43
prospexx.com
These companies take your money and run after they make you wait for long periods to tell you are getting nothing for what you have paid $1000s of dollars and £1000s of pounds they are stealing now is the time to get angry and complain long and loud Refund the money you frauds is what all their "clients" victims should demand.
Prospexx Integrated Capital & Barrett Capital Exchange
Posted: 2009-10-16 by Bemused
fee scam
Complaint Rating:
Company information:
Prospexx Integrated Capital & Barrett Capital
150 Battery Street
Fort Erie, Ontario
Canada
Phone: 062 823 04 43
prospexx.com
Mr Tom Mckenzie the fulcrum of all these complaints has missed the point.My original complaint was he takes fees off people for nothing.So I started asking questions to that effect he and his companies advertise something that they then charge for and subsequently never produce.He then starts trying to defend this evil practice by saying he is offering refunds to people like me that complain about paying and getting nothing.Therefore I now have two equal and substantial complaints both proving each other.I know clients have paid and got nothing and I also know he has not offered refunds and that is a simple and obvious lie.So Mr Tom Mckenzie stop scamming people and stop saying you are offering funds or refunds unless you can prove anything of substance do not keep digging yourself into such obvious holes.For once do something of substance.
Prospexx Integrated Capital Take Your Money And Give You Nothing
Posted: 2009-10-03 by lookplease
Due Diligence Fee Scam
Complaint Rating:
Company information:
Prospexx Integrated Capital & Barrett Capital
150 Battery Street
Fort Erie, Ontario
Canada
Phone: 563-823-8481
prospexx.com
A man that deludes himself Tom Mckenzie spreads an image that he can produce something after he has taken peoples money. Under the name of Prospexx Integrated Capital or one of his other imaginary contrived companies.
Then he insults people that he has been producing something/nothing since 1991 and expects them to wait up to 12 months to be told he can not fund.
He is a simple Walter Mitty that maybe is convincing himself that he should speak to people about funding when in reality he should be in a bar talking the same shit about care in the community.
Please do not give this man money as he will spend it wasting other peoples time.
Answer all the questions that are on the internet by advising him to get a life and leave real business to people that do it and not bullshit about doing it.
The man and his companies are frauds stop him by contacting him and asking what do you do apart from waste peoples time but under no circumstances pay him any money or he will persist in his erroneous practices.
Google what he does and then you will understand he is just a complete waste of space.
You must be aware of the sentiment on the Internet and my experiences to date emphatically prove most of them.
Let us bring this to an end.
Sandy
by Sandy Douglas October 16, 2009 6:26 PM
by Sandy Douglas October 16, 2009 6:34 PM
Clients agreed, with the process shown below. Clients signed the paperwork of the process shown below. Clients now have lost their memories, we did what we promised to do.
The client either comes directly or the project is brought by a broker to our offices. The project is then discussed to establish if it warrants going further by putting a conference call together. During the conference call the information gathered comes from the client offering a full and clear presentation in their words and not from a business plan. At the end of this conversation we ask for a day or two to look into the industry and possibly a bit of client background, and after if there was interest in taking the project on based on the possibility that there was potential funding available the client is advised of this and advised of our desire to take the project on and the process would began.
Now the engagement process takes place. All documents are issued, including a letter of understanding, letter of engagement invoice for the due diligence fee copy of the refund policy and cover letter. The payment of the due diligence fee is requested and we begin. Once the signed letter of engagement, signed letter of understanding and the due diligence fee has been paid then it is at this point that a file is opened and additional information is requested including personal financial statements, business plans, executive summaries, financial statements, proforma forecasts, architectural drawings, photographs, and any pertinent business related information.
Prospexx Integrated Capital (PIC) Studies the information provided, any information not understood or missing, questions are compiled, discrepancies are noted, and the project is then passed along to the due diligence department. The due diligence department has a two part job to do. Full background investigations are performed on principles, criminal background, civil actions and suits pending, settled or that has been registered with the courts and financial checks that may have an impact on the project as personal background checks.
The education and employment histories are verified. When any questions come up regarding any of the above points, either yourself direct or your broker or agent is contacted and is expected to discuss these matters with you. Then all of the new or corrected information is entered into the due diligence report.
It is at this time the other members of the team see the project. Primarily that is those able to study the spreadsheets and pro-forma’s to analysis the project and will provide their opinion about whether the project will perform as per the statements made in the business plan or executive summery. It is at this time that we often see extremely exaggerated points and inaccurate information and we begin to get the feeling for the integrity of the client. If they will provide inaccurate information to try to obtain the money we don’t question that we will be provided with inaccurate information when a loan has been put into place. It is made note of if we feel if the client has misrepresented anything.
The second part of the due diligence work is the preparation of reports for our inside and outside investors. The major report is called the SWOT report referring to Strengths, Weakness, and Opportunities Threats. It may, or may not be complimentary to your business, but it is compiled from supplied information, information mainly supplied by you the client, and industry information. The SWOT Report is prepared by business experts, sub contracted by Prospexx Integrated Capital to guarantee impartiality. All of the information gathered is put into an understandable format, to be presented to the investors. That format is complete when all aspects of the project have been thoroughly checked.
At this point if we feel it is important enough to bring the client in to discuss the results of the due diligence investigation and/ or to discuss any serious points in the SWOT Report, this is done. If there are any serious discrepancies at this time they are discussed with the client.
The SWOT and due diligence information is considered to be very confidential and is not provided to anybody for an argument. The SWOT report is viewed by investors only after confidentiality agreements are signed and due diligence information is complete.
All information we feel the lenders and investors should be provided with is put in place at this time. Obviously there are specific types of projects that will be looked at by investors, and there are other investors that do not work on that type of project. The most likely investors for your project will see the information first.
We then have ongoing discussions with the lenders and investors of which I am one and decide where the project will go from here. The process takes place weekly and used to take 6-8 weeks. But in today’s economic time the reality can be 6 months or more of working with investors to get to the point of a decision. In many cases we decide to take the project to our small group of outside investors if we are having a difficult time making a decision. That in itself adds more time.
When a lender/investor/group has made a decision that a project is potentially able to be funded the terms the lender would like to see in the project are provided to the client for review. If those terms are acceptable they are returned to the investor unmodified. If there is anything the client wishes to negotiate then it is done at this time. Then the contract and verification of all proceeds being available is put together. Because most projects have more than one investor it is a negotiated issue amongst the investors associated with the project for how much money.
When a contract is provided it means all monies have been put into one holding account usually belonging to one investor. The final contract is signed and funds are dispersed.
When a positive decision to fund has been made by Prospexx Integrated Capital we will indicate to you the terms at which we wish to move forward. Sometimes this may not be what was original discussed or what is expected by the client. At this point the terms can be negotiated. Following this will be a contract and administrative terms. No project is considered funded until contracts are signed.
The degree of risk of a project is what determines its likelihood of funding. Risk is not fixed. Risk is based on may variables such as the market the project is in, the financial position of the client. An example of changing risk is projects in the real estate industry brought to pic e8 months previously. They may have looked very good and low risk at the time but because of the economy they now are very high risk projects and likely not to be funded by anyone. We may have looked at these projects in appositive light but the times have changed affecting the risk. Lenders who were enthused originally lose that enthusiasm when they see the market beginning to come apart.
If a project is declined during the time the investors are negotiating and producing the contract, because of the degree of risk, or if the project loses the level of interest that is necessary for it, then we ask the client to allow us to take the project “to the street”. That means we can place your projects in front of very large number of legitimate lenders and investors. Their interest in a project will be immediately made aware to you, because the investor or our firm will contact you directly. The outside investor will notify Prospexx Integrated Capital of their interest. That in itself helps as we may be interested in partial funding, but not the whole thing. Also this guarantees that the brokers are protected because we will know what investor is working with you, to fund your project.
With some of our most recent projects, we have kept them open longer that we should have. This is mainly to try and fund projects that are being discounted because of the current economic times. Some projects not being funded are not the fault of the quality of the project, nor the fault of Prospexx Integrated Capital, but are the results of these current economic times. It appears in some ways that things are turning around, and some projects that were scheduled to be declined, may just have been given a second wind. We can discuss that with you to see what we might be able to do. Our job is to do our best to fund.
Something that has come about recently is the clients have been asking for the due diligence fee to be returned to them. This is not our usual protocol.. We offer a legitimate service. We have a refund policy and we will gladly honour that policy. When a project is not funded, it certainly is not because of something our firm did or did not do. We have gone to the limit of what we are capable of, to fund your project. If we are wrong and you do obtain funding in the same manner as your project was brought to us, we will gladly honour our guarantee posted here. http://www.prospexx-i-c.com/Refund.html on our website.
We are very thorough. If your project is not funded through the work of Prospexx Integrated Capital, we will do everything possible to assist you in any other opportunity available to fund. You must remember, we do not work in a fee for funding scheme. We do not make any promises. The project itself and the quality of the presentation are there in every case. If not funded, it is not the presentation nor the lack of understanding from our investors that are the reason for the lack of success. That is why our refund policy stands strong.
We hope this information has been helpful to you. If you have a project that has not been taken to our outside investors, regardless of when the project was first brought to us, your project will be presented to every one of the hundreds of outside investors that we have compiled if you just ask. Our aim is to fund every project we take in, unfortunately that cannot be done, but anything we can do to see your project funded will be done. We wish we could fund every project, but that is not possible. We have and will continue to deal with all reasonable requests.
Tom McKenzie
1. I am aware that Prospexx Integrated Capital will provide a best efforts attempt to provide the funding required.
2. I authorize Prospexx Integrated Capital to do all necessary credit and background investigations involved in their due diligence work.
3. I am aware that I am working directly with lenders and investors capable of securing the funding I am requesting.
4. I am aware that no term sheets, interest amounts, principal amounts, and time frames can be contracted until the due diligence procedure has been completed.
5. I am aware that the procedure of securing financing can take up to six (6) weeks before funding is provided.
6. I agree that any fees paid to the above company, is for the work that is being done to make potential capital available. I know that due diligence fees are to be considered to have been earned at the time of payment.
7. I agree that Prospexx Integrated Capital offers no guarantees of funding and shall be held harmless, should financing not be able to be provided by Prospexx Integrated Capital .
8. I am aware that Prospexx Integrated Capital offers no refunds of any fees paid except as stated in the refund policy (copy on website www.barrettcapital.ca). All fees are considered earned at the time of payment.
9. I am aware that my funding request will be brought to Prospexx Integrated Capital inside investors, and to the outside investors directly associated with Prospexx Integrated Capital.
10. I am aware that this loan and/or equity investment request is made by my commercial company or organization. I understand that Prospexx Integrated Capital does not lend or provide capital to private individuals. Corporate transactions only.
11. I understand that Prospexx Integrated Capital will, under no circumstances, operate as a mortgage broker.
12. I understand that Prospexx Integrated Capital does not operate a loan for fee type of scheme. The amount of the fees paid by the client or their broker is for the initial and ongoing work by Prospexx Integrated Capital and the size of these fees has no bearing on the success of the funding project.
I have read, understand and agree to abide by all twelve (12) points in this Letter of Understanding dated this day of , 2008.
Signed:
Please Print Name Below:
Please print this page and complete signature and dates. Return by fax, email or courier service.
by 12345 November 3, 2009 5:48 PM
12345
What a bunch of BS. Yes client sign these things because they think they're dealing with a lender. You are no such thing. You take borrowers' money under the guise of being a provider of capital period.
Makes me sick.
by Honest Broker November 3, 2009 8:28 PM
That is the simple fact taking fees under false pretences.
Self proved by the postings by Mr Mckenzie trying to substantiate why he can take fees but still with no potential to fund.
After months of just being asked who he has funded he still gives the excuse that after telling people he can fund he takes fees but then still does not provide anything but excuses.
Ask any of his clients, whatever they signed did they think he could fund or did he tell them he could fund they will all say yes.Then ask him again where are your clients that have been funded and the answer is there are none!
by Bemused November 9, 2009 1:36 PM
The biggest BS of this sham document or someone could interpret it as a direct lie which shows the level of error in this agreement is point 5) six weeks is laughable after six months the pain begins and then the excuses go on on and on for months longer.
by Bemused November 9, 2009 1:45 PM
I have recently given up after over 7 months of continual promises of funding, right up to a time when I placed a Deadline on proceedings, when my deadline expired then Tom McKenzie claimed he “Closed” the application. I have tried to be as understanding as possible of the current economic crises but what I have learned over the past months about this "Organisation" is frankly an outrage... I paid in good faith £8, 750.00 to Wilmshurst Finance ( Ms Gemma Wilmshurst ) which is a representative arm of Prospexx which is in turn is headed up by Tom McKenzie, this payment was under the understanding that Wilmshurst/Prospexx were the Principal Lender with funds - This is the key issue - WITH FUNDS.
Whereas Prospexx/Wilmshurst may have "ACCESS" to funds clearly they do not have the authority to utilize it and have to ask for the funds to be "Authorised for release" from each of the individual Equity Investors before Wilmshurst or Prospexx can actually make the Loan available.
If the Investors decline to "authorise" the funds then Prospexx via Wilmshurst can not provide the Loan...
Doesn’t matter how you boil this down it means that at the point Prospexx or Wilmshurst state they are able to provide a Loan, they are in fact not, until they have funds authorised for release by the individual Investors that make up the Equity provided by Prospexx/Wilmshurst – as such Prospexx/Wilmshurst can at best HOPE that they will be authorised to release funds but actually do not HAVE fully under their control sufficiently to really enable to them to give such undertaking to any Borrower...
Any “advance” payment is therefore being made without funds being in place, I passed Due Diligence with flying colours and have written evidence from Tom himself that up and till a few days before he closed my Application ( after my deadline expired ?? ), a Contract was due.
From my experience I most sincerely hope anyone considering applying to Prospexx or Wilmshurst does so after very careful consideration and in the full knowledge of the risk they take with their very hard earned money… I have commenced Legal proceedings against Wilmshurst Finance, contributions welcome, financial or otherwise !
Tom if you read this, your THREATS do not scare me, “ bring it on ! “
by WWIT November 13, 2009 11:33 AM
I welcome any contact from anyone - my email is tradplat@gmail.com
I HAVE secured funding from another source after months of emotional tourtore by both Wilmshurst Finance ( Gemma Wilmshurst ) and Prospexx ( Tom Mckenzie ) I have event sent them proof of the Funding I have secured as they promised to refund fees as they very clearly state in the Refund Policy - so far nothing ..
Tom just becomes very agressive and starts threatening to make my life even more difficult than he has already made it for me as well as countless others.
enough of this talking something needs to be done.
by WWIT November 13, 2009 11:39 AM
If you feel you qualify for a refund under the terms of your signed letter of understanding, please send an email me to at prospexx@yahoo.com. If you qualify, Our agreement stands and I will not fail to comply to our agreement. Funding provided elsewhere, shame on me. Call me for a refund under our signed agreement. Thank you.
Tom McKenzie
see agreement www.atomck.com
by Tom McKenzie November 21, 2009 10:58 AM
Sandy Douglas has the balls to post his name. He and I are discussing the likelihood of a refund at the moment. The refund being based on his funding being available elsewhere the same as it was requested from me. That is the agreement I have with everyone. Have you not noticed the happy clients don't get involved with these boards. I don't either. It is just that sometimes, we have to defend ourselves against unfounded attacks by cowards that won't identify themselves. Two people have. One is a Mr. John Harris a promoter of illegal US corporations. He has made every one of the clients he brought to me, register a Delaware company at a cost of about $9,000 while he pays about $700. Recent client information (his clients) is that they had to have a US corporation to borrow from me. Absolute pipe dream. I am not a US company and have no need for anyone to register anything in the US whatsoever. So it looks like John Harris is stealing from his clients. I didn't know anything about this US corporate registry at anytime I was dealing with this fellow. Why are we listening to this man when he uses these tactics.
The other gentleman is Sandy Douglas. Notice how I referred to him at the beginning of this email.
I believe that the person below has nothing to do with his time. Can't get a job, and lied on his application, particularly about the molestation charges. I am glad I have had nothing to do with this disgusting person. OOPS Was I supposed to keep that quiet. Maybe next time I will say who I am supposed to be quiet about.
Mr Mckenzie why do I need to identify myself to confirm what seems to be evident There is no one you have closed a deal with! My whole postings started asking for simple information I do not want a refund it is your clients that you gave false hope too that deserve that.
Yes of course you have to say no to some but who have you said yes to.If there are many many why can none use the internet? and reply.
Incidently who are Prospexx Capital Ltd I thought you traded as Prospexx Integrated Capital why the change again ? Whatever next will it be Prospexx Auto.
I have said nothing slanderous or liabilous about you or your companies just asked simple questions again! has anyone received funding off you?but no answers.It is delays that ruin lives and projects why would it take 12 months to come to a conclusion we all know what can change in that time.If you cannot do things in reasonable time frames do not charge for LOI documentation!and if you can not do it at all stick with your smart cars.Simple
by Tom McKenzie November 21, 2009 11:16 AM
If you are one of the anonymous whiners that seems to forget all of the documents signed, and the agreements that were made, and the work that was done for you, then you should visit http://www.wall-of-shame.org/ We are going to post all of the information gathered on every whiner and we are going to name names and notify necessary authorities where appropriate. All of the information gathered by our due diligence firm, and the information supplied by the whiner will be posted. If you anonymously complained, you breached the confidentiality agreement. So now we are able to as well. Everyone will see everything. Is this vindictive? You be. If you don't have the balls to put your name to your complaint, we will treat you like a dirt ball. 23 anonymous postings, and we now know who they all belong to. Make for interesting reading. We have even found one that has a warrant from five and half years ago. That might be good for handcuffs out of the office. I thank those that had the decency to at least use their real name. They will be treated a bit differently. Any home life indiscretions will be treated the same as we have been treated. You really should hide what you do from friends and acquaintances, they do like to talk. Remember we did business, personal, and and criminal investigations on everyone. I have just begun. Those that acted decently will be treated the same. The dirt balls will get the special attention.
by Tom McKenzie November 22, 2009 6:54 PM
Hey - McKenzie
Why don't you post one address for a deal you've closed or have a broker come on here to validate a closing (and I mean with proof). You are not a lender - that is obvious.
I don't have a dog in this race (and you'd better be glad that I don't) but no real lender ever has to defend themselves on this forum.
PROVE YOU ARE A LENDER OR SHUT THE FUCK UP.
by Honest Broker November 23, 2009 2:30 PM
http://www.scamfound.com/f2/scam-report-tom-mckenzie-prospexx-integrated-capital-barrett-capital-exchange-72293.html
It is and he is the perpetrator of a Scam and just a simple liar
by Bemused November 26, 2009 3:58 PM
http://twitter.com/mckenzienoman
That sums Tom Mckenzie up Although I do not see the funny side of it.
by Bemused November 26, 2009 7:03 PM
http://prospexx-i-c.com/
If he's so successful a lender - why shut down?
by Honest Broker December 2, 2009 9:59 AM
Bemused, will you please email me at jim@letter10development.com. I'm not going to waste my time on Mr. McKenzie online. He pulled his bait-and-switch on us as well.
by morphosis2000 December 3, 2009 1:48 PM
For a little enlightenment on what goes on these boards, Visit
http://www.wall-of-shame.org/
by Tom McKenzie December 4, 2009 3:41 PM
Does anything else have to said The "Man" Tom Mckenzie has spoken by shutting down his scam by 2nd of Jan he will have said No to everyone.Now that he has so much time on his hands he has instructed an eight year old to design a site to shame people that paid him money to do nothing.
Poor Sandy Douglas must hold his head low as he could copy and paste a request for his fees and compensation to be refunded multiple times.(he paid for nothing as everyone did)
Maybe the perpetrator of this crime should think about why people are annoyed with him not because he constantly gives excuses but that he charges people for that practice.
The "man" is a fraud and seems to think that by posting a explanation as to why he took money for nothing it excuses his in capacity to perform a simple task like due diligence.
Pay the fees back Tom you are a crook and you are proving that by your actions At least think of your daughter what family business is that!!!!!!!!
Pure theft in anyone's eyes pay back the fees you sham.
by Bemused December 4, 2009 7:19 PM
If I were directly involved in this I would go directly to the Canadian authorities. Probably start with the local police and the Canadian attorney general. He is definitely worth the time to try to stop him.
by Honest Broker December 4, 2009 7:42 PM
UNLAWFUL DEFAMATION
It is a general doctrine of law in all jurisdictions that making false public
statements against a person or firm is illegal. Commonly known as “slander” (when
verbal) or “libel” (when written), false statements to damage someone’s reputation is
called “defamation”. Defamation is defined by various laws in clear and uniform
terms: “Provably false statements of verifiable fact, that serve to undermine or
damage someone’s reputation.” It is no defence to phrase a false statement as an
“opinion”, one’s “own experience”, or as some alleged “consumer complaint”. As
long as the comments contain some false statements of fact that could be verified as
false and could or should be known to be false, then it is defamation, and it is illegal.
All defamation is illegal, and law suits against false defamers are highly
successful and collect substantial damages from the wrongdoers. Written
defamation (which applies to the Internet) is punished harshly, and damages usually
do not need to be proven, as they are assumed by law due to the written exposure to
the public. Defamation falsely accusing of fraud or professional misconduct is even
more severely punished by “treble damages” and “punitive damages”, which can be
enormous amounts of money far beyond any expected real damages to the victim.
All defamation to enforce demands is criminal as extortion or blackmail,
which are serious federal crimes in all countries. Extortion (in the USA), also called
Blackmail (in the UK), is defined in various laws in uniform terms: “Threats or
actions to damage a person’s reputation, to enforce a demand for anything the
person is not obligated to give.” Defamers who use false unlawful defamation on the
Internet, to enforce demands of things not owed to them, are committing a serious
crime. If a person is entitled to something, they are required by law to use normal
lawful “due process of law”, where an independent, objective and impartial court can
apply any signed contract that governs the transaction, if there ever was any. Using
criminal attacks by defamation to circumvent due process of law is highly illegal, and
indicates that the person defaming probably did something illegal or criminal to
sabotage the transaction by his own fault, if there ever was any transaction.
Defamers know that their false statements are illegal, and that false
defamation to enforce unlawful demands is criminal. This is why they make great
efforts to remain anonymous, to avoid both civil and criminal liability. Experience
shows that once an anonymous online defamer can be identified and their identity
exposed by a reply in that forum, they stop, disappear, or begin modifying their
statements to back-track on their lies.
by LEGAL VIEW December 23, 2009 8:34 AM
Stop whining and do something. Go here: http://www.recol.ca/
Canadian fraud investigation unit.
by WaitingFor?? January 11, 2010 10:02 AM
