Consumer reviews and reports on scam companies, bad products and services
Cor Development Group
COR Development Group COR Funding Corporation (Cor) Nationwide Reported Scam Fraud Originating out of Illinois - Fees for Loans Des Plaines, Illinois
19th of Mar, 2011 by User960442
First, I would like to state that I have been posting regarding COR Development Group on Mortgage Grape Vine (a com) since March 13, 2011, in an effort to document public links / records to bring to light important information on this company. My personal experience regarding COR Development Group is documented at that site as well. I spend many hours (without remuneration) in the preparation of the funding documents for submission to COR. In addition, individuals: Jill Rosen, Rodney Lindsey (president of the CEO Space Denver Club), and Royce Carter in Colorado - gave a presentation to one of my long time clients in Colorado representing that COR was backed by a trillion dollar private gold family. They stated that NO fees were required at any time. This presentation was given in the hopes of getting my client to submit a proposal to COR. I do not believe that these individuals were fully aware of this deception, but two members of this group did represent that they had done their due diligence. (My group declined as COR's validity could not be determined.) According to details found in Internet public blogs and records, COR Development Group has been collecting loan fees that range between $20,000 and $30,000 for a period of 3 years, with NO funding performance during that entire time. I have personally spoken to 2 companies and verified they have indeed paid these large fees to COR and have not been funded as promised within 120, one of these submitted their proposal in August 2010 - at least six months ago. Anther story appears on this site stating they waited 15 months. One company I spoke with has requested a refund - and that is yet to be received as of this week. In my more recent posts (March 17-20, 2011) on Mortgage Grape Vine, I provided direct information links found on the Internet to two individuals, Artemio Rivera and William "Bill" Grveles. Mr. Grveles is most certainly at the heart of the COR organization and is listed repeatedly as the president of two of the organizations, one which is COR Lending Corporation. I have been unable to find even one of these 3 entities (that are very closely tied together and which include the words Inc. and Corporation in their titles) to be legally registered in any state corporation database. (I have repeatedly ask, and will certainly willing to stand corrected, if anyone can bring forth that information. .... To date - that has not occurred) According to the public records: The three entities are: 1. COR Development Group, Inc. (Allegedly controlled by a CEO named Alberto B Colon) with physical offices in a residential "mobile home". Oasis Mobile Home Park (847) 827-6694 - Note Bill Grveles is listed on numerous trade sites as either COR's VP or Office Manager. Atermio Rivera has signed contracts as this entity's attorney. William "Bill" Grveles, according to an Internet search on his name and COR Development Group, Inc., shows he actually owned this company in 2008. It business was stated to be manufactured homes. As there are no corporate registration records for COR Development Group, Inc. of any kind that we can locate, it is logical to presume that Grveles is still its owner. 2. COR Lending Corporation (or Group) - President, Bill Grveles - with physical offices in Richie's Creative Hair Salon. 3. City One Capital - President Bill Grveles - no physical address found, but it shares the same online web resources as COR Development Group, so it can assumed that they share a bedroom at the trailer park, or have frequent shampoos together at Richie's Creative Hair Salon. The web sites and the office number (847) 305-3800 COR Development Group are owned by ... yes.. you guessed it William "Bill" Grveles. The physical location of (847) 305-3800 (LAND LINE number for COR Development Group) - is in the Oasis mobile home park. Public records show: Alma Grveles (lot 106):
7500 Elmhurst Rd.
Des Plaines, IL 60018 RE: ALBERTO B COLON - I have found numerous references in public background sites to variations in names, and one last name "Otiz" references to an alias Alberto C. Colon, There is also an Alberto C Colon that references a possible Alberto B Colon alias. I have yet to speak to anyone, or find any post stating that anyone has personally met with "Alberto B Colon". It is repeatedly stated that he needs to "stay behind the scenes" - which is not how legitimate companies in loan finance work. COR has created "rangers" to deal with all companies. Of these "rangers", Ross Haugen, is currently in court on 31 counts of fraud leveled by the SEC. Recent articles exist online that may be Googled: March 20, 2011. COR Development group has also created: PP Partners, these are contractural relationships with the companies that occur when fees are paid. I have not reviewed those documents personally. It is reported that there are "hundreds" of emails to companies (PPs) from Alberto B Colon / contract documents signed by an "Alberto B Colon". And the number of companies reported to have entered into agreements to be range greatly between 157 to 475 to 700 companies. And, I am sure we will find out soon if an Alberto B Colon is a real person, or an alias for someone else with either a similar name, or one of the other individuals in management. If anyone has FACTS that they feel would be important, I would encourage them to contact the FBI field office FBI - Chicago 2111 W. Roosevelt Road, Chicago, IL 60608 (You can google and easily obtain their phone number) . You can also post your experience on this site (as another company has done). In the interim, it is important to alert any company considering doing business with this this COR Development Group, that companies ARE NOT BEING FUNDED, NOR HAVE THEY BEEN FOR THE LAST 2-3 YEARS.
Comments
4313 days ago by Shameese
My step father has given this company money through a third party with hopes of building an amusement park he has yet to see any funds. He has given at least 150, 000 AT Least...I am trying to convince him it is a scam but he has so much faith in this project or maybe he's in denial I don't know.HELP ME BRING HIM TO THE LIGHT!!! so he can see this situation for what it is...A SCAM!!!

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