Golonzo
Junior Member
- Feb 10, 2008
- 123
- 19
So I have a family friends who were introduced to an investor Charles T Grant (Chuck) and he offers to finance their property development project.
My friends send him their business plan and the budget is several millionaire dollars, he says that amount is small for this kind of property they want to develop and offers to triple the amount lol.
The interest on the loan would be 7%. When I heard this it seemed to good to be true, 7% interest rate and he tripled the amount of the loan!!!
So they send me Chuck's proposal and I go through the contract and it seems good up until he asks for $50,000 (fees, hotel costs, business class tickets) to visit the construction site. That's when mistakes in the proposal stood out, I don't want to point them out so he can read it here and adjust the proposal and scam others. But these are easy to catch So I go to the website gtcfin.com and it looks like crap, no testimonials etc... but maybe he is old school. Then I googled him to find out what others have to say and this comes up ripoffreport.com/r/Charles-T-Grant/internet/Charles-T-Grant-Scamm-Internet-933510
It sucks because this guy seems to target people who actually have a good cause and he uses it against them. He really touched their hot buttons. I have warned my friends and thought I would mention this here. Maybe the guy is legit, maybe in this industry you have to pay those fees. Its still in progress so I will update.
My friends send him their business plan and the budget is several millionaire dollars, he says that amount is small for this kind of property they want to develop and offers to triple the amount lol.
The interest on the loan would be 7%. When I heard this it seemed to good to be true, 7% interest rate and he tripled the amount of the loan!!!
So they send me Chuck's proposal and I go through the contract and it seems good up until he asks for $50,000 (fees, hotel costs, business class tickets) to visit the construction site. That's when mistakes in the proposal stood out, I don't want to point them out so he can read it here and adjust the proposal and scam others. But these are easy to catch So I go to the website gtcfin.com and it looks like crap, no testimonials etc... but maybe he is old school. Then I googled him to find out what others have to say and this comes up ripoffreport.com/r/Charles-T-Grant/internet/Charles-T-Grant-Scamm-Internet-933510
It sucks because this guy seems to target people who actually have a good cause and he uses it against them. He really touched their hot buttons. I have warned my friends and thought I would mention this here. Maybe the guy is legit, maybe in this industry you have to pay those fees. Its still in progress so I will update.