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CB Real Estate Cash Rewards Inc. scamming thousands of people out of their money
Cash Rewards Inc.

Cash Rewards Inc. review: scamming thousands of people out of their money 63

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Author of the review
11:59 pm EDT
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This review was chosen algorithmically as the most valued customer feedback.

They claim to give back cash rewards on real estate that you have bought or sold after a (3) year waiting period and after you have completed their conditions (which are totaled out of line). They have made it almost impossible to be able to please them with their paperwork.
I was suppose to get back $4000.00, I completed my paperwork, had it looked over by a real estate professional and a real estate attorny before I sent it in for my reward. Needless to say, they found a reason not to pay me. I have also contacted several other people with the same complaint. This whole thing sounds like a scam and I, a long with others would like this resolved. This company has found a way to scam hundreds of thousands of dollars!

63 comments
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Caroltac
Martinez, US
Mar 02, 2010 2:35 pm EST

I have waited 3 years from the date of purchase of a new boat - to claim my $10, 000.00 cash reward. I have filed all the necessary paperwork to find out that the boat company that I bought this from and Cash Rewards, Inc are out of business and in bankruptcy

I have taken the necessary steps to file for a claim with the courts Case # 09-33685 is the case number

Even though this has filed in court they are letting more people that are coming into their 3 rd year for the reward file. It is a long shot of any recovery but worth the try.

David Maloy should pay us back - we invested in the products and gave him money - we need ours back. This is not right and not fair.

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CRIScammedUs
, US
Sep 28, 2011 8:58 pm EDT
Verified customer This comment was posted by a verified customer. Learn more

On September 14, 2011, a Change of Plea Hearing was in the U.S. District Court, Eastern District of Virginia, Alexandria Division. David Allen Maloy pled guilty to Count 2 of the indictment, charging him with mail fraud. The maximum penalties for this offense are a term of 20 years of imprisonment, a fine of $250, 000, or twice the amount of gross gain or loss, full restitution, a special assessment, and three years of supervised release. Mr. Maloy’s sentencing hearing will be held in the same court on December 16, 2011.

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Landon126
, US
May 31, 2011 10:19 pm EDT

http://www.fbi.gov/washingtondc/press-releases/2011/owner-of-cash-rewards-inc.-accused-of-7-million-fraud

Maybe we can all go to the trial and boo him or cheer when he is convicted!

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MarianL
Reno, US
Sep 23, 2010 5:07 pm EDT
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Bank of America and its President, Brian T. Moynihan, and one Robert Flores who says he's "from the Office of the President, Bank of America" are arrogant [censor]s totally out of touch with the rest of us Americans. Case in latest point is that I go to my local Senator's office for help under this HAMP, BUT the arroganr [censor]s, Brian T. Moynihan, and Robert Flores, leave me a telephone number I have to pay to call them at. [protected]. Zero customer service. Zero brains from Bank of America's Brian T. Moynihan, and Robert Flores. Bank of America takes billions of dollars from each and every one of us taxpayers but won't have an 800 number in Bank of America's President's Office to handle these loan mods coming in from the Congressional offices or even their customers. If I could afford long distance, you arrogant totally out-of-touch [censor]s Bank of America's Brian T. Moynihan and Robert Flores, I wouldn't be trying to get this legally required loan modification from Bank of America now would I?!? No wonder we tax payers had to bail Bank of America out!

What arrogant totally out-of-touch [censor]s Bank of America's Brian T. Moynihan and Robert Flores Need Is Customer Service. Businesses must promise long and deliver short to their customers. They must keep all commitments made to the customer. Never lie to the customer. Never give conflicting stories to the customer. Never give a customer the run-around. Always remember that the customer is always right. Put a mirror in front of you if you answer the phones. Put a smile on your face when answering the phones. HAVE and GIVE to your customers an 800 number you arrogant totally out-of-touch [censor]s Bank of America's Brian T. Moynihan and Robert Flores.

Arrogant totally out-of-touch [censor]s Bank of America's Brian T. Moynihan and Robert Flores, apologize for having a customer wait. Remember that escalatory language always breeds more escalatory language. Arrogant totally out-of-touch [censor]s Bank of America's Brian T. Moynihan and Robert Flores, without the customer, there is no business. Without a business, there is no job for an employee. Not the most difficult sell for most people. No wonder we taxpayers had to bail Bank of America out!

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Watchful_Eye_2010
, US
Aug 12, 2010 10:32 am EDT

Case is pending in Texas and California. Bankruptcy for Cash Rewards. FBI involved with Mr. David Maloy's actions.

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Thomas b Gurski sr.
Bonner, US
Aug 10, 2010 11:11 am EDT
Verified customer This comment was posted by a verified customer. Learn more

Iwas also scammed.Iwas suppose to get back 20.000 dollars from a RV purchase.After three years I sent in everything they asked for.I got the envelope back unopened two days later.The message was that the mail was rejected.Iwould like to talk to the attorney general in the state where cash rewards inc. resides.

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Jaymesis
Portland, US
Jul 04, 2010 8:36 pm EDT

I'm getting ready to submit mine for my 15, 000 dollar reward, I know that from what I've read this company is bankrupt and done for. My reasoning however is if it ever comes to a class action settlement, we may never see money from the company, but we may see a return from the companies that were endorsing the program; for which may result in at least getting your original investment back. Just make sure to make copies of everything.

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KrisAB
Las Vegas, US
Jun 08, 2010 1:02 pm EDT
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Thanks Eddie. Keep us psted. I have another call into a higher up at the courts to confirm I'm officially on the claims list and see if there are any updates.

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Eddie G
Clermont, US
Jun 08, 2010 12:42 pm EDT
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Kris, nothing yet. I did get to speak with the Attorney/Trustee. I also filed my proof of claim with the Court in Texas and I am also officially on the list of debt climants. So I will get notified by the trustee when anything is issued or settled whenever that take place. Not holding my breath on that one...but you never know.

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KrisAB
Las Vegas, US
Jun 08, 2010 12:01 pm EDT
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Has anyone heard any updates from the court?

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Eddie G
Clermont, US
May 09, 2010 4:34 pm EDT
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It is May 9, 2010...Like many of those that have already posted your comments, I have just received back the set of "original" documents from the Post office that I has submitted to ITPA in Ohio for my $10, 000.00 cash reward redemption after waiting 36 months after the sale of one of my real estate properties. However. what I find a bit confusing is why would we were not be notified by the bankruptcy courts...after the Chapter 7 filing? I would have thought that since we had filed our initial certificate 36 months ago we would have been on their customer database oe listing of "pending" award receipiantes...I see failures by lots of parties here, broker, dealers and government, etc...I will do what I can to try to get my case filed with the Texas Courts etc...and will confer with my attorney, but my gut feeling is we will likely not get much if anything from these folks...but nonetheless lets keep up the pressure, I would be happy to see all of these folks go to jail for FRAUD. Please keep the posting going on this subject...Thks.

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BEANS89450
San Antonio, US
Apr 28, 2010 2:01 pm EDT

THERE MAYBE RELIEF FOR ALL OF YOU ! ATTENTION !FOR ALL OF YOU OUT THERE THAT WERE DENIED YOUR CLAIMS...IF IT'S REAL ESTATE RELATED, , , FILE A COMPLAINT WITH THE TEXAS REAL ESTATE COMMISSION, OR YOUR STATE AGENCY, , ie..CALIFORNIA WOULD CALL - CALIFORNIA DEPARTMENT OF REAL ESTATE. EACH STATE HAS A RECOVERY FUND FOR PEOPLE THAT HAVE LOST MONEY DUE TO SITUATIONS LIKE THIS. GOOD LUCK !

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Sandy I.
Franconia, US
Apr 19, 2010 6:41 pm EDT

We still have a year left on our $7000 CASH REWARD. Has a n y o n e recieved their reward?

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Scott L Perry
Fresno, US
Mar 17, 2010 5:08 pm EDT

If we all have been lied to regarding our cash back program we need to file a class action suit. If there is a better solution I would like to hear it. If any one has had results I would appreciate any advice on resolving this issue. Our situation is regarding a matercraft boat we bought.

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cgill
Blue Springs, US
Mar 16, 2010 4:36 pm EDT

Can anyone tell us who we need to contact to get involved with these law suites. I lost 4, 000 as well. please reply with some info for everyone. Thanks

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tntsteins
Gardnerville, US
Feb 27, 2010 7:03 pm EST

My friend was to send her "rewards" claim in this month and I was to send my in July. I decided to Google Cash Rewards and I see that it is pointless to do so. Is there a lawsuit against Cash Rewards? I read the posts, but I am still not sure what my friend and I should do, if anything?

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aggie05
Houston, US
Feb 16, 2010 3:42 pm EST

Thanks for the info sunny123!

I tried to contact Cara Kennemer and would have found out the same information you had if she had returned my call so before you go pointing fingers at what research I "haven't" done, just state the facts and leave any personal attacks out. No letter was sent with the dismissal so how were any of us supposed to know who Valley Center even was? This forum has become a means of communication for people who are in the same boat and are just looking for information. I didn't want to pass up an opportunity to send a rejection letter in had Valley Center actually been another name for "us."

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Sunny123
, US
Feb 16, 2010 10:13 am EST

Aggie05 and the other misinformed: #1, the lawfirm that sent out the dismissal information does not represent you, me, or any other creditors. cara kennemer and the goins underkofler crawford and langdon law firm represents a creditor called valley center. valley center was the landlord for cash rewards. i spoke to cara kennemer and the trustee and both confirmed this. #2 the case that was dismissed was the valley center's lawsuit again cash rewards. next time bother to investigate - or have your legal eagle mom (aggie05) do it for you - before posting that all of us have an attorney representing us. we don't! so there is nothing to complain about if the valley center people dismiss their lawsuit, maybe it will help us get something from cash rewards!

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pinkynemo
Fremont, US
Feb 08, 2010 4:53 pm EST

I also received letter from district of texas dallas division, if they dismiss the case who gonna pay us back the money? I think we should send rejection letter now until they agree pay us back.
Anyone can tell me how should I write the rejection letter?

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aggie05
Houston, US
Feb 04, 2010 6:20 pm EST

I too was robbed by the bankrupt Cash Rewards, Inc. A "Proof of Claim" had to be filled out and sent in to the US Bankruptcy Court for the Northern District of Texas Dallas Division by December 19, 2009 in order to receive any money from this company. I only learned about it through these comments. I submitted my "proof of claim" and it was filed with the court.

Today, I get two court documents from the lawfirm representing us (Goins, Underkofler, Crawford & Langdon...Cara Kennemer is the lawyer) saying BOTH sides have filed a "joint motion for dismissal." The second document says we have 20 days from February 1, 2010 to send in a written response rejecting this motion. What I don't understand is why BOTH sides would opt for dismissal. Especially the lawfirm who is supposedly representing us! My mom works at a lawfirm and said that normally when a motion to dismiss is filed that means a settlement has been reached and they enclose the settlement letter, but I didn't get one.

So my question is, has anyone else received this and if so, do you know why they filed to dismiss the bankruptcy case? If no settlement has been reached, then I suggest that everyone who received these papers send in their rejection letter within the 20 day timeline and MAKE this case go to a hearing.

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DM66
, US
Feb 03, 2010 7:12 pm EST

If any one has begun legal proceedings I would like to be involved.

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Cash Rewards, Inc.
Coppell, US
Feb 02, 2010 10:22 pm EST

Cash Rewards, Inc. is in bankruptcy and any questions should be directed to the trustee:

Diane G. Reed
604 Water St.
Waxahache, TX 75165
[protected]

OR

Robert G. Richardson Attorney
[protected]
For Immediate Response

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Cash Rewards, Inc.
Coppell, US
Feb 02, 2010 10:19 pm EST

Cash Rewards, Inc. is in bankruptcy and you should contact the trustee Diane G. Reed at dgrtrustee@sbcglobal.net or [protected] Water St., Waxahache, TX 75165 or preferrably their attorney Robert G. Richardson at [protected].

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WILL NOT STAND FOR IT
Port Allen, US
Dec 09, 2009 10:27 pm EST

try contacting the vendor that you did business with to get the 10, 000. Put pressure on them.

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Alex T
Truckee, US
Nov 12, 2009 12:56 pm EST

I was to receive $10, 000 and followed the instructions to the T. My package was sent back to me with a label that simple stated "refused return to sender. I've tried to call resolve corporation and cash rewards, inc. but can not locate a number to contact any live person and many numbers are disconnected. I have left messages with the numbers I do find but nobody returns the calls. What should I do?

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hgarcia
Alvarado, US
Oct 22, 2009 11:59 pm EDT

shall anybody bother in submitting any more claims

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Wronged in DFW
Keller, US
Oct 22, 2009 5:09 pm EDT

I too was denied my "Reward" of $3000 after patiently waiting the 3 year period and filing all the proper paperwork correctly and on-time. Just for those who are interested, you can reach David Malloy (President/CEO of Cash Rewards) at his home phone number of [protected]. The house is located at 718 Penfolds Lane in Coppel, Texas 75019 and the Dallas Appraisal District appraises it at $838, 150. You would think that he could make good on his company's promise.

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joe out $5000.
wylie, US
Sep 15, 2009 8:58 pm EDT

just got my reward claim back unopened and not paid. told by relator that company went broke. should have just had the 1% off house

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AndrewSe
, US
Aug 31, 2009 11:31 am EDT

So I just found out that I wont be getting my $10, 000 dollar CASH REWARD check from the purchase of a Malibu Boat in 2006. Has anyone been successful in a judgment against the dealer or manufacturer based on a misleading or deceptive sales practice of an authorized dealer for their product?

Just curious if people think this is a viable option/recourse for us.

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consumercure
Vacaville, US
Aug 12, 2009 8:59 pm EDT

We got burned as well. Just got our certificate back from Strongsville Ohio with a "refused" RTS tag on it day before yesterday. I went ahead and filed my B 10 form and copies of my certificate with the Northern District of Texas Bankruptcy Court.
Just for everyone's info, the next activity seems to be Thursday, August 20th. The Honorable Harlin DeWayne Hale is the presinding judge:

[protected] Cash Rewards, Inc.

Motion for 2004 examination of David Maloy filed by Creditor American Homestar Corporation

http://www.txnb.uscourts.gov/calendars/hdh/postcal/2009_08_20.html

I wish everyone well in their endevours to redeem their certificates.

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cindysae
Sacramento, US
Aug 11, 2009 3:33 pm EDT

i sent in mine paperwork to strongsville, ohio too and got the same thing back from the post office...what now..

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cindysae
Sacramento, US
Aug 11, 2009 3:30 pm EDT

the end of my 3 years, i sent in my cash rewards certified mail and i got it back within couple of days from the post office "REFUSED". So they did not bother to sign for the letter...

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B & R
Modesto, US
Aug 10, 2009 11:33 pm EDT

We waited 3yrs for our reward of $5, 000.00. We jumped throught the hoops to collect all the information they wanted from us to redeem our money. Well, guess what ... our package that we send to Strongsville, Ohio was refused. It never got the Cashrewards, it was just returned by the post office. After seeing these complaints, I know why. Bankrupcy!
Well, I guess we will make a complaint with the BK courts. I guess were lucky that they don't have any original birth certificates.

B & R

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pinknemo
Fremont, US
Jul 27, 2009 2:57 am EDT

Where can I claim ITPA?
I wait for 3 years to get $4000 rewards and now I don't know what should I do.Thanks!

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DallasComplaint2009
Coppell, US
Jul 22, 2009 6:29 pm EDT

Could this have been securities fraud?

Check out: http://davidmaloyscammedus.blogspot.com/

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Don Junghans
San Diego, US
Jul 15, 2009 11:51 pm EDT
Verified customer This comment was posted by a verified customer. Learn more

On April 1st of 2009 I sent in Certificate#E10035 by certified mail along with my original Birth Certificate, Gas & Electric bill, Purchase of home paper work along with all the appropriate paper work they required from me and after almost three months I have not heard back from them. I still am waiting for my Cash Back rewards money of $10, 000.00. I have now noticed their phone number is ringing but no answering machine or any one picking up. I have noticed them on the website labeled Rip Off Artist but hoping this was not true. I am hoping someone will reply on what is going on and when I should see my Money that was promised to me by providing the proper info per the paper work instructions. Now after talking to my real estate agent who said he gave them the required $1, 500.00 to set this up and patiently waiting the 3 years and now out of a valuable paper work like my birth certificate. I hear they filed a chapter 7. What can be done so we can fix what appears to be a scam artist.

Thanks,

Don Junghans

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WILL NOT STAND FOR IT
Port Allen, US
Jul 08, 2009 8:09 pm EDT

Please be advised that Cash Rewards, Inc. has filed for Chapter 7 Bankruptcy on June 21, 2009. Case no. 09-33685 Northern District Dallas Texas. The trustee is Diane G. Reed. The creditors meeting is July 21, 2009 at 11:20 a.m. at Office of US Trustee, 1100 Commerce St., Room 524, Dallas. The attorney listed for them is Marcus Leinart.

My Cash Reward Receipt was issued by them on July 1, 2009 AFTER they filed for bankruptcy. Last night I logged on to print my Certificate and Registration Form and both printed but had lines missing on the forms.
Today I called the mobile home dealer and they told me to call the home office because they had this morning received an e-mail from their home office stating that they had just received info that Cash Rewards, Inc. had filed Chapter 7 Bankruptcy. I telephoned the lady at the home office in Dallas and she was very concerned and said that they were attending the creditor's meeting. I was also told that Cash Rewards had telephoned them AFTER filing bankruptcy and AFTER the trustee had seized the bank account in New York, and told them to mail their payments to them directly at a post office box which they did because they said they were having trouble with the bank up there.

I AM A PARALEGAL AND NOTARY PUBLIC. I AM VERSED IN BANKRUPTCY PROCEEDINGS. LET ME TELL YOU THEY HAVE SCAMMED THE WRONG PERSON. I LIVE IN BATON ROUGE, LA AND I WILL BE CONTACTING THE TRUSTEE THIS WEEK AND I WILL BE ATTENDING THE CREDITORS' MEETING ON JULY 21. THEIR ACTIONS AFTER FILING BANKRUPTCY COULD GET THEIR ENTIRE CASE DENIED AND COULD RESULT IN FINES AND POSSIBLE JAIL TIME. I ENCOURAGE EVERYONE OF YOU TO CONTACT THE TRUSTEE AND TELL YOUR STORY AND FILE A CLAIM AGAINST THEM. YOU CANNOT BE GRANTED RELIEF IN BANKRUPTCY IF IT IS SHOWN THAT YOU WERE COMMITTING FRAUD AND ESPECIALLY IF YOU WERE CONTINUING TO SCAM PEOPLE AFTER FILING.

MY EMAIL: MUT126@HOTMAIL.COM

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scammedin sandiego
, US
Jun 29, 2009 3:16 pm EDT

oh wow, i just read all your responses and about your experiences with cash rewards. i too have been waiting longer than 120 days for a response. i emailed custimer service with no response back. i would love to receive the cash promised, but my real concern is the originals i sent them. has anyone received their originals back?
i would like to join in a lawsuit against them if anyone has info, will you please send it to me- thanks.

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Fed up
, US
Jun 17, 2009 5:17 am EDT

This company built their business on offering a crooked program to merchants AND consumers. I got duped into joining their program as a merchant on the sales pitch that "10% of consumers actually fill out the rebates, that's why we can offer this program".

The funny thing is 90% of the real estate agents who joined this program and paid their $[protected] membership fee, probably NEVER used the program. CashRewards banked on that money. Then whenever one of the merchants offers a CashReward, they have to pay CashRewards a percentage of the reward. Needless to say, CashRewards does NOT want to give out any rewards, that's basically money out of the door...

CashRewards should be shut down and all of their merchants should be reimbursed membership fees for this load of garbage.

If you see a real estate agents or car dealer offering a CashReward, run the other way. It's a joke. Having to wait THREE YEARS for a rebate is ridiculous. Original birth certificate? What the hell? CashRewards is a load of crap. Here's the owner's business plan: "Let's offer a rebate to consumers, charge our merchants ridiculous amounts of money to join, and make it extremely difficult, if not possible to redeem. Then we'll sell products and training programs to our merchants to show them how to be better salesman so they can dupe their customers into wanting a CashReward. Then when the merchant offers a CashReward we'll charge a 15% fee! Yeah! Money in bank bro"

It sickens me to think that someone would start a business on the hopes of scamming people out of their money.

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Concerned Customer
Alexandria, US
May 16, 2009 10:46 am EDT

Please take the time to file an official complaint with the Texas Attorney General. Very simple to do online & will just take you a few minutes.

http://www.oag.state.tx.us/consumer/complaints.shtml