Complaints

The complaint text that is displayed might not represent all complaints filed with BBB. Some consumers may elect to not publish the details of their complaints, some complaints may not meet BBB's standards for publication, or BBB may display a portion of complaints when a high volume is received for a particular business.

• Initial Complaint

  Date:09/06/2024

  Type:Customer Service Issues
  Status:

  UnresolvedMore info

  Complaint statuses

  Resolved:

  The complainant verified the issue was resolved to their satisfaction.

  Unresolved:

  The business responded to the dispute but failed to make a good faith effort to resolve it.

  Answered:

  The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.

  Unanswered:

  The business failed to respond to the dispute.

  Unpursuable:

  BBB is unable to locate the business.

  I made a payment of $3997 to raisemasters (Contact Person: **** ********) on February 28th as he promised to get me funding to acquire an office building in *******, *******. He then introduced me to **** ***** and ***** ****** (Capital ***********) who charged me another $5000 to get the necessary funding of $39,000,0000 to purchase the office building in *******. After realizing that **** and ***** were snake oil salesmen, I sent an email to **** on March 27th, 2024 requesting him to cancel my membership and issue refund as they had 30 days cancellation policy. **** asked me to wait for couple of more months to get the funding and introduced me to couple of more people. Meanwhile, I lost more than another $20,000 to attorneys for my Phonex deal as due diligence fees. I lost the Phoenix deal and around $30K because of the false funding promise by raisemasters. After realizing that raisemasters funding promise was false/fradulent, I asked **** for a full refund of my $3997 during the month of June 2024. **** refused to issue the refund by saying I attended couple of zoom meetings conducted by ****** ******** (Who supposedly owns Raise Masters). I warn anyone to refrain from taking their membership as their system is simply a ******** kind of group created using slack with weekly zoom calls. All this info is available on *******. Please do not pay thousands of dollars for content that is available for free on *******/********. There are lot of ******** groups that when joined would be more helpful than these paid programs. Don't get carried away by the hype.

  Business Response

  Date: 09/21/2024

  This complaint is from a client who maintained access for a few months AFTER he stopped paying his payment plan. This client completely misunderstood what our coaching program was and expected us to raise money for him which is not what we do at all. We never promise ANY member that we can find them funding as we are an education and training company ONLY. We do not raise money for anyone, we do not source lenders for members and we do not promise any capital for any specific deal at any point. While we will make connections between members, once that connection is made it is on the member and the connection to reach an agreement and the membership is not contigent on any specific capital raise achievement.  

  - The client joined in February 2024 and only paid one month of his 6 scheduled payments. 

  - After he made his first payment, he was introduced to 3 different people in the membership to potentially assist him with raising money. 

  - He maintained access for another 3 months despite being delinquent on his membership fee. When we kicked him out of a members meeting call as a result, he called us screaming that we are a scam and how dare we kick him out of the members meeting. 

  - We contacted him and he wouldn't pay anything to come current with his membership so was removed from platform and all access. 
  

  - He then came back in July asking for a refund, and he was informed he's not entitled to a refund. 

  - He also worked with someone we referred him to who found him extremely difficult to work with. 
  
  - This is obviously a troubled person who is very difficult to work with given his interactions with us and others and his complaint should be ignored. We have never had a BBB complaint across over 500 members in our history and have many glowing reviews of our membership on TrustPilot along with many testimonials we can provide. 

  Customer Answer

  Date: 10/08/2024

  Complaint: 22222361
  
  I am rejecting this response because:

  This complaint is from a client who maintained access for a few months AFTER he stopped paying his payment plan. This client completely misunderstood what our coaching program was and expected us to raise money for him which is not what we do at all. We never promise ANY member that we can find them funding as we are an education and training company ONLY. We do not raise money for anyone, we do not source lenders for members and we do not promise any capital for any specific deal at any point. While we will make connections between members, once that connection is made it is on the member and the connection to reach an agreement and the membership is not contigent on any specific capital raise achievement.  
  

  Client Response: Just to prove how bad the liars at raisingcapital.com are, I am pasting an email communication that I sent to Sean Campbell who after taking my $4997 vanished. Here it is
  Sajay Marni <[email protected]>
  Wed, Mar 27, 5:03?PM
  to Sean
  
  Hello Sean, I have been trying to reach you for almost 10 days with no luck in sight. If you are facing any headwinds in connecting people, then I want to exit raise masters before my 30 days guaranteed period which ends tomorrow. Best wishes
  
  - The client joined in February 2024 and only paid one month of his 6 scheduled payments. 
  - After he made his first payment, he was introduced to 3 different people in the membership to potentially assist him with raising money. 
  Client Response: Sean Campbell introduced me to another loser by name Ricky Siegel who stole another $5000 while promising to arrange funding for my real estate acquisitions. All these losers are a bunch of scammers trying to loot money with a capital raise promise. While taking the membership money, they promise to introduce funders/investors/lenders but that turns into another avalanche of fraud as the other losers suck more number of our hard earned dollars
  - He maintained access for another 3 months despite being delinquent on his membership fee. When we kicked him out of a members meeting call as a result, he called us screaming that we are a scam and how dare we kick him out of the members meeting. 
  Client Response: There was no doubt that I was screaming but I was screaming after watching their fraudulent practices. Why would I even be in those boring calls? They create a facebook kind of private group and charge an exorbitant $4000-$5000/month with a promise to make connections via zoom calls. There are hundreds of these groups available on facebook for free. I strongly advise anyone to join those free groups for education purpose instead of getting carried away by the false promised of these scammers.
  - We contacted him and he wouldn't pay anything to come current with his membership so was removed from platform and all access. 
  Client Response: After sending the above referenced email in March they begged me to stay on board for few more months. If I was a troubled person and didn’t make payments as they claimed, why didn’t they kick me out after the first month? The excerpt of my email communication clearly states that I wanted to cancel and get full refund. Why would I pay another $4000-$5000/month and get scammed further?
  - He then came back in July asking for a refund, and he was informed he's not entitled to a refund.
  - He also worked with someone we referred him to who found him extremely difficult to work with. 
  

  Client response: Yes, they introduced me to another loser by name Ricky Siegel who stole another $5000 with a false funding promise. 
  
  - This is obviously a troubled person who is very difficult to work with given his interactions with us and others and his complaint should be ignored. We have never had a BBB complaint across over 500 members in our history and have many glowing reviews of our membership on TrustPilot along with many testimonials we can provide. 
  

  Client Response: raisingcapital.com is definitely a troubled entity that fleeces Americans of thousands of their hard earned dollars. Just because someone didn’t complain before doesn’t mean raisingcapital.com has clean history. I am gathering all the victims of raisingcapital.com to file a class action lawsuit. Then only we will be able to expose their illegal practices.
  
  Sincerely,
  
  Sajay Marni