Found him on Linkendin at the time and had some refrences it seemed at the time was looking for gap funding at the time for a project. Everything looked legit just like everyone else was saying was registered with the state of NV etc but actuallity he was just a ghost acting as someone else. What started to throw me off was i asked for case studies for other projects he had funded. This lady that suppesdly recieved x amount for a commercial deal when i called her started to ask questions i knew right away she had no idea what she was talking about. Also when it came to deposit money in this chase account of his accountant or whatever it had a fishy account name very unprofessional i knew almsot instantly that this was a scam.
What needs to happen is someone needs to team up with the feds call him acting like a intrested borrower and scan where he is making or recieving these calls problem is he is using a voip and even then he could be running a VPN ontop of that sucks need to find this guy or his team and put them away for good!! MAkes me sick.
Story unfolds as everyone elses with the exception I never sent any funds over to him. However my Co partner in the business we ran together had someone attempt to pull 3,500 credit lines with her info. As My own personal credit as well has been pulled multiple times as well from other lending companies I have never spoke with. Basically Identinty Fraud is what he tried to pull on us.
We are here in the Midwest in South Dakota so hes game he plays reaches all across the US.
I was referred by Chloe Oreily from the website Private Money Gold Mine.com she told me to contact her partner Damon Cox LLC to obtain a real estate private lender loan. I contacted Mr Cox and he asked for the details of the real estate deal. After reviewing the terms of the deal he said he would need my bank statements, business articles, passport and tax id to determine eligibility. 24 hours later I received an email indicating he could provide a non secured loan for $250k as a business start up, however to secure the loan I would need to purchase PPI insurance. He then sent me the loan docs to sign and schedule closing of the loan in 24 hours. I was then emailed back that I would need to wire the 1.5% of the loan amount to obtain the security which is the PPI and cost is $3750. I did inquire about the insurance company and terms. He then insured me that they are the lender and has the money and make the rules. After careful consideration I went to the bank to wire the funds for the PPI after reading the terms of the contract that indicates full refund if funds are not disperse. After the funds were wire, Mr Cox contacted me for the wire confirmation to schedule the closing. After Mr. Cox received the wire I inquired about closing and he informed me that know I would have to pay an additional 13K in AFR taxes before they can now schedule closing. I then informed in that it was not in the contract and I am not paying another dime and to send my refund back to me. He then said he would have his attorney draft a disclaimer and send me my money back. that has not been done and he is not answering phone calls or emails.
Damon Cox is a scam! No matter how you were referred to him, do not use him! He will approve any loan you apply for. First, he will tell you as collateral, you are required to pay PPI insurance in case of default, but will not provide you with any information about the insurance company issuing the policy. That should have been the first red flag.
If you wire the money for the insurance, he will say things are progressing along nicely when all of a sudden, there will be another unecpected expense - this time he says you owe AFR taxes becuase the loan is taxed as income. Luckily, I wa smart enough to at least realize at this point that this guy is full of crap. My thoughts were either 1) he is a lender who obviously has no idea what the heck he's talking about or 2) he's trying to rip me off. I asked him to confirm his information because I know what the AFR is and it did not apply here. He simply responded with yes it does.
It was at this point I decided that whatever the reason was he was expecting me to pay the AFR, I didn't want to work with him. I asked for a refund of the funds paid and surprise, surprise, haven't heard anything back since. He was responsive with calls, emails, and any questions until I started asking for a refund.
DAMON COX LLC IS A TOTAL FRAUD TELLING PEOLE THAT HE IS A DIRECT LENDER AND THEN HE ISSUES YOU AN APPROVAL FOR THE FUNDS THAT YOU WANT AND HIS HOOK IS FOR YOU TO CHECK WITH THE SECRETARY OF STATE OF NEVADA TO GIVE MERIT TO HIS FRAUD AND AFTERWARDS HE SENDS YOU A FORMAL CONTRACT TELLING YOU THAT ONCE YOU PAY FOR THE (PPI) WHICH IS CALLED PAYMENT PROTECTION AND HE TELLS YOU ONCE HIS COMPANY RECEIVES THE FUNDS IN THE AMOUNT OF $3500.00 HE WILL WIRE APPROVE FUNDS INTO YOUR BANK ACCOUNT OR ESCROW COMPANY. HE THEN HAVE YOU TO WIRE FUNDS INTO ONE OF HIS COHART ACCOUNTS AT A BANK OF AMERICA OR CHASE BANK AND THEN HE IS GONE. i HAVE THE F.B.I. ON HIS TRAIL AS I WRITE THIS ARTICLE ABOUT HIS COMPANY. DO NOT FALL FOR THIS FRAUD AS WE DID. TWO NAMES THAT HE HAS USED FOR INDIVIDUALS WHO FALLS FOR HIS FRAUD WHICH WITHOUT DOUBT THEY WERE IN TNHIS FRAUD WITH HIM IS A FEMALE BY THE NAME OF (JESSICA LUNA) WHOSE BANK IS BANK OF AMERICAN HE ASK YOU TO WIRE FUNDS TO OR ANOTHER NAME HE USES FOR HIS FRAUD IS A PERSON NAMED STANLEY DICKSON BANK IS CAPITAL ONE WHICH IS WHOM WE WIRED OUR PAYMENT TO FOR THE PAYMENT PROTECTION INSURANCE.
Damon Cox LLC Reviews
Found him on Linkendin at the time and had some refrences it seemed at the time was looking for gap funding at the time for a project. Everything looked legit just like everyone else was saying was registered with the state of NV etc but actuallity he was just a ghost acting as someone else. What started to throw me off was i asked for case studies for other projects he had funded. This lady that suppesdly recieved x amount for a commercial deal when i called her started to ask questions i knew right away she had no idea what she was talking about. Also when it came to deposit money in this chase account of his accountant or whatever it had a fishy account name very unprofessional i knew almsot instantly that this was a scam.
What needs to happen is someone needs to team up with the feds call him acting like a intrested borrower and scan where he is making or recieving these calls problem is he is using a voip and even then he could be running a VPN ontop of that sucks need to find this guy or his team and put them away for good!! MAkes me sick.
Story unfolds as everyone elses with the exception I never sent any funds over to him. However my Co partner in the business we ran together had someone attempt to pull 3,500 credit lines with her info. As My own personal credit as well has been pulled multiple times as well from other lending companies I have never spoke with. Basically Identinty Fraud is what he tried to pull on us.
We are here in the Midwest in South Dakota so hes game he plays reaches all across the US.
I was referred by Chloe Oreily from the website Private Money Gold Mine.com she told me to contact her partner Damon Cox LLC to obtain a real estate private lender loan. I contacted Mr Cox and he asked for the details of the real estate deal. After reviewing the terms of the deal he said he would need my bank statements, business articles, passport and tax id to determine eligibility. 24 hours later I received an email indicating he could provide a non secured loan for $250k as a business start up, however to secure the loan I would need to purchase PPI insurance. He then sent me the loan docs to sign and schedule closing of the loan in 24 hours. I was then emailed back that I would need to wire the 1.5% of the loan amount to obtain the security which is the PPI and cost is $3750. I did inquire about the insurance company and terms. He then insured me that they are the lender and has the money and make the rules. After careful consideration I went to the bank to wire the funds for the PPI after reading the terms of the contract that indicates full refund if funds are not disperse. After the funds were wire, Mr Cox contacted me for the wire confirmation to schedule the closing. After Mr. Cox received the wire I inquired about closing and he informed me that know I would have to pay an additional 13K in AFR taxes before they can now schedule closing. I then informed in that it was not in the contract and I am not paying another dime and to send my refund back to me. He then said he would have his attorney draft a disclaimer and send me my money back. that has not been done and he is not answering phone calls or emails.
Damon Cox is a scam! No matter how you were referred to him, do not use him! He will approve any loan you apply for. First, he will tell you as collateral, you are required to pay PPI insurance in case of default, but will not provide you with any information about the insurance company issuing the policy. That should have been the first red flag.
If you wire the money for the insurance, he will say things are progressing along nicely when all of a sudden, there will be another unecpected expense - this time he says you owe AFR taxes becuase the loan is taxed as income. Luckily, I wa smart enough to at least realize at this point that this guy is full of crap. My thoughts were either 1) he is a lender who obviously has no idea what the heck he's talking about or 2) he's trying to rip me off. I asked him to confirm his information because I know what the AFR is and it did not apply here. He simply responded with yes it does.
It was at this point I decided that whatever the reason was he was expecting me to pay the AFR, I didn't want to work with him. I asked for a refund of the funds paid and surprise, surprise, haven't heard anything back since. He was responsive with calls, emails, and any questions until I started asking for a refund.
DAMON COX LLC IS A TOTAL FRAUD TELLING PEOLE THAT HE IS A DIRECT LENDER AND THEN HE ISSUES YOU AN APPROVAL FOR THE FUNDS THAT YOU WANT AND HIS HOOK IS FOR YOU TO CHECK WITH THE SECRETARY OF STATE OF NEVADA TO GIVE MERIT TO HIS FRAUD AND AFTERWARDS HE SENDS YOU A FORMAL CONTRACT TELLING YOU THAT ONCE YOU PAY FOR THE (PPI) WHICH IS CALLED PAYMENT PROTECTION AND HE TELLS YOU ONCE HIS COMPANY RECEIVES THE FUNDS IN THE AMOUNT OF $3500.00 HE WILL WIRE APPROVE FUNDS INTO YOUR BANK ACCOUNT OR ESCROW COMPANY. HE THEN HAVE YOU TO WIRE FUNDS INTO ONE OF HIS COHART ACCOUNTS AT A BANK OF AMERICA OR CHASE BANK AND THEN HE IS GONE. i HAVE THE F.B.I. ON HIS TRAIL AS I WRITE THIS ARTICLE ABOUT HIS COMPANY. DO NOT FALL FOR THIS FRAUD AS WE DID. TWO NAMES THAT HE HAS USED FOR INDIVIDUALS WHO FALLS FOR HIS FRAUD WHICH WITHOUT DOUBT THEY WERE IN TNHIS FRAUD WITH HIM IS A FEMALE BY THE NAME OF (JESSICA LUNA) WHOSE BANK IS BANK OF AMERICAN HE ASK YOU TO WIRE FUNDS TO OR ANOTHER NAME HE USES FOR HIS FRAUD IS A PERSON NAMED STANLEY DICKSON BANK IS CAPITAL ONE WHICH IS WHOM WE WIRED OUR PAYMENT TO FOR THE PAYMENT PROTECTION INSURANCE.