Cash Rewards Inc. review: Cash Rewards Inc Is A Scam. 76

I never order this program. So i told them to put my money back to my bank account they never did i can, t even login to this account

I would love to join in on anyone's action, from media pressure to a class action. I can be reached at [protected].

William Thomas(-$9k)

I am nearing that magical three year mark where I would be sending in my paperwork to claim the 10K dollars I have been counting on. It seems though I will not be worrying about sending claims paperwork but will be filing complaint paperwork with my attorney general, the BBB, attorney's and whoever else I can find. I am sorry Mr. Maloy has been struck with an illness, I am thankful he served his country, too bad his business venture flopped...not my problem. What is my problem is i bought a manufactured home and was handed a certificate for Cash Rewards August 2008...and this company was already on it's back. This entire mess stems from b.s. misrepresentation and I intend to find a way to deal with it. My very elderly and sickly mother will not be with us for much longer. For whatever reason she never bought life insurance and now the task and expense of paying for her final expenses will be my responsibility and that 10K would have helped nicely. Thank you Mr. Maloy and thank you Oak Creek Homes, great doing business with you. If anyone knows of a class action law suit that is going right now...please let me know.

Our three-year period is just now up, and we, too, were sent back the "PO Box Closed". Called the company who used the "trademark" of Cash Rewards as a selling point to sell us the windows we purchased to find out that Cash Rewards has gone out of business. After reading all of these reviews, I am concerned that Cash Rewards is the ultimate responsible entity, but what about the company in the middle, the middleman, who endorsed and represented to us that we would in fact receive the $10, 000 if we did everything just right? Is that company, who is still flourishing and has deep, deep pockets, not liable at all? You can't squeeze blood out of a turnip. What about the companies that have sold us these large purchases? Best-case scenario is the company did not intentionally misrepresent; why would they not be held liable for any proportionate liability? We signed our purchase agreement in March of 2008. From reading these reviews, there were already customers not getting paid at that point. Why was the company still endorsing Cash Rewards and using their trademark for their own company's profit? Cash Rewards filed bankruptcy in 2009. Why weren't we notified by the "middleman"? It would be appropriate for the company (middleman) to honor what they said would happen dependent upon a business agreement they had with another company (Cash Rewards). It just doesn't seem legit for someone to use the Cash Rewards system as a promotion tool and not be held responsible AT ALL for the lack of monies owed to THEIR customer. After all, I did not enter a business agreement with Cash Rewards; I entered a business agreement with the company who showed their face at my home and signed all the Cash Rewards paperwork in my living room. Has anyone tried this route? Please respond.

I just received letter that states notice of filing of trustees motion to approve sale of assets and paymentsnof necessary assets. So my claim won't be paid because rewards Inc cannot even pay the bankruptcy lawyers.

It goes on to say they are selling off their 201o Mercedes ml550, golf carts, seadoos, and 4 wheelers.

I think we are all out of luck ... This guy David Maloy is a crook.

It's Feb. 7th, 2011. Any news, good or bad?

I just got my certified return to sender yesterday. Says the box is closed. Guess that is not new news. I am completely disgusted was really looking forward to the money. But what can you do when you are a hard working honest citizen. I hope the people who set this scam up get what they deserve. I dont even know if it is worth contacting the real estate company mine was from. I assume no one will take responsibility.

So what s the deal? Im due to send in my stuff this week. But do not know who is actively processing. With all these comments above am I out of luck?

I'm a REALTOR that had offered this to some of my clients before in the past and I got a call from them today stating that their claim had been refused. I thought there was nothing wrong with it until today. Where can my client get the info to submit their claim and can they still do it?

The program looked like a great deal for my clients and I offered to them using my own commission to pay for it simply as a thank you and it looks like that "gift" is now biting me in the @$$. Now I have to go back and explain how they're won't be receiving their money and that CRI has filed bankruptcy.

Any help would be appreciated, thanks.

Baotuan
Garden Grove, CA

I'm an attorney in Oregon sending demand letter for friend. my suggestion is to think outside the box and not go after just the insolvent third party rebate company with lineup of creditors. In all likelihood you were roped in by more than just Cash Rewards. Happy to discuss:

byrd1031@gmail.com

Yes, I agree - we all need to get something filed...against the boat dealership too. We bought ours from Ultimate Watersports in San Jose CA and they are all out of business...more people with the same issue here: Cope & McPhetres Marine — Cash Rewards Fraud/Scam

What about a class action law suit? What does the sttorney general say about this. I will be calling the Inspection Service tomorrow I am a Postmaster. I did find out for boat rebates should be going to a company called ARCHWAY at 20770 Westwood Drive, Strongsville, OH 44149

Update from the trustee 8/11/2010:

Sorry, but at this time there has been no change. There is still an ongoing investigation to try and determine what happened to the money. The FBI and different agencies have been contacted. If you filed your Proof of Claim with the bankruptcy court, you should receive any further notification that is sent out by the Court when something happens in this case. As of today there has been no money collected by the Trustee.

Send your story to American Greed at CNBC (americangreed@cnbc.com) if they get enough of us reporting the same maybe they will take an interest. Also, for those of you in California file your compalint the the California Attorney Generals Office (http://ag.ca.gov/contact/complaint_form.php?cmplt=CL). You call also see more info here about Cope and McPhetres.

I purchased a Master Craft in July of 2007 and after sending over the nec paper in a 7 day span we are supose to get $15, 000 in July 2010. Now rumor has it cash rewards is out of business. We are going to send in the paper work in and in 4 months we will find out what kind of company Master Craft realy is. We will also see if this cash rewards is a fraud or not.

here is another thread about the same issue you should check out. it has more important information.

My paperwork is due in July 2010. I guess I won't ne sending it in. Is there a class action suit? By the way Mr. Maloy, I too had cancer a year and a half ago (at age 34) so I was planning on using my $15, 000 to pay some medical bills. Don't want to hear your sob story and that is coming from a fellow cancer survivor. Can anyone send me info on what to do next...Robin Jones [protected]

Here is another unhappy person who got hosed by CRI. C&M in Rocklin provided me two certificates. One from them and one from Mastercraft. I am sure Mastercraft paid theirs at a minimum. So, I was supposed to be getting up to 20k back. Good thing I never counted on it since I pretty much figured this deal would fail all along. Just remember folks, if it sounds too good to be true it almost always is. There is a special place in hell for those who pull these stunts. I don't give a rat's ### that you claim to be sick. This was just a variation of a Ponzi scheme.

Choke on it *^&*@^!

Can someone tell me if there is any type of civil suit being filed -- as others my husband and I just found out about the bankruptcy-- and we too were suppose to receive our 10, 000. dollar rebate --I will make sure I let anyone and everyone no how this family owned company does buiness ---Thanks Gail

We are supposed to file for our Cash Rewards rebate of $15, 000 next month but I've found the company is out of business and has filed for bankruptcy. I believe there is a class action lawsuit waiting to be had against Cash Rewards, Inc., David Maloy and Mastercraft boats. If anyone else has had a similar problem, let's get together and find an attorney.

KB

My three years is now and I have just found out that this is all happening. I am going to include myself in this claim and hope it is not too late. Someone needs to pay for this - Cope and McPhetres in Rockin is out of business and so is the Cash Rewards company. This is so unfair to all the people that believed that an incentive is real - I am very disappointed and sadden by the greed in all the companies that made money of us hard working people. They get off free and we are left with nothing. I had a contract what about that?

I too was entitled to a $15K Cash Rewards. Found out to day that the company was in bankruptct. Will send in my papers
and file claim with court although the return is slim. Does anyone know who the escrow accounts were deposited and exactly
how would someone have access to an escrow account without some accountability. Bought my Mastercraft and the rewards were
due to be filed March 1 -March7, 2010. Will check with Court in AM to see if still eligible to file complaint. Will email Maloy at the
address given to see if you responds.

Larry, Arlington TX

I just found out about this by trying to check out the Cash Rewards Inc web site and realizing it did not exist any more. I don't expect to get any of the $15, 000 I thought I would be getting next year but I am going to send in the B10 claim form just in case.
I was wondering what people are putting in line 3 of form B10 where it asks for the Last four digits of any number by which creditor identifies debtor. Did you use your Certificate number and also on line 2 it asks for Basis for Claim. I was going to put Time deferred mail in cash reward.

I am so angry. I just looked over all of my paperwork because I saved and made copies of absolutely everything. I really tried to check into this before I accepted and there is a whole section which says What if you go out of business? There was a whole wordy answer which ended with the statement "whether we or a Cash Rewards Merchant go out of business, customers with valid certificates who follow the proper procedure will get a check" Also, my reward was based on a purchase of a boat from Mastercraft and I trusted Mastercraft that they would not get involved with anything so shady. I guess I learned my lesson.

Thanks for all the advice.
Michele

I too was expecting $10, 000 in Nov. from m purchase from Cope & McPhetres in Rocklin. I paid as much as I did because I expected the money. Truly fraud! I am going to file a complaint with the attorney general in CA. Does anyone know what county they consider their home base? Did anyone follow through with KCRA?
Thanks,
Mike

heck out the complaint for at the California Attorney General http://ag.ca.gov/contact/consumer_mailthnx.php.

If you want to be really mad look up the addresses for the Cope's on Zillow.co, if you want to see how the really rich live. Can I have my CashRewards please?

From the BBB
Business Contact & ProfileBack to Top
Business Name: Resolve Corporation
Accu Check Rebate Center
Epson Rebate Center
GPX - DPI Global
ITPA
Tech Authority
Business Address: 20770 Westwood Rd.
Strongsville, OH 44149
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Original Business Start Date: 1/1/1978
Principals: Lawrence Zimmering, C.E.O.
Tim O'Keefe, Regional General Manager
Phone Number: [protected]
[protected]
[protected]
[protected]
Fax Number: [protected]
BBB Accreditation: This business is not a BBB Accredited Business

Type of Business: FULFILLMENT SERVICES
Website Address:

http://www.resolvecorporation.com

Business ManagementBack to Top
Mr. Lawrence Zimmering, C.E.O.
Mr. Tim O'Keefe, Regional General Manager
Mr. George Poporad, General Manager
Mr. Todd Kosich, SVP Sales & Marketing

Additional Locations & Phone NumbersBack to Top
19850 S. Diamond Lake Rd. Rogers, MN 55374
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Dept IW002 P.O. Box 49500 Strongsville, OH 44149
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P.O. Box 360450 Strongsville, OH 44136
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[protected]

P.O. Box 49193 Strongville, OH 44149
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P.O. Box 49237 Strongsville, OH 44149
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P.O. Box 49285 (EP430) Strongsville, OH 44149
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[protected]

COPE & MCPHETRES MARINE, INC
Entity Number: C2210488
Date Filed: 12/30/1999
Status: ACTIVE
Jurisdiction: NEVADA
Entity Address: 1475 LINDA WAY
Entity City, State, Zip: SPARKS NV 89431
Agent for Service of Process: FRANK COPE
Agent Address: 4409 GRANITE DR
Agent City, State, Zip: ROCKLIN CA 95677

COPE & MCPHETRES, INC.
Entity Number: C0207505
Date Filed: 07/05/1946
Status: ACTIVE
Jurisdiction: CALIFORNIA
Entity Address: 2931 EL CAMINO REAL
Entity City, State, Zip: SANTA CLARA CA 95051
Agent for Service of Process: FRANK W COPE
Agent Address: 385 GOLDEN OAK DR
Agent City, State, Zip: PORTOLA VALLEY CA 94028

Director - ROBERT B COPE
Address 1: 4825 CLOVER RANCH ROAD Address 2:
City: LOOMIS State: CA
Zip Code: 95650 Country: USA
Status: Active Email:

Treasurer - ROBERT B COPE
Address 1: 4825 CLOVER RANCH RD Address 2:
City: LOOMIS State: CA
Zip Code: 95650 Country:
Status: Active Email:

Secretary - ROBERT B COPE
Address 1: 4825 CLOVER RANCH RD Address 2:
City: LOOMIS State: CA
Zip Code: 95650 Country:
Status: Active Email:

President - FRANK W COPE
Address 1: 385 GOLDEN OAK Address 2:
City: PORTOL VALLEY State: CA
Zip Code: 94028 Country:
Status: Active

Active File Date: 1/26/1995
Type: Domestic Corporation Entity Number: C1231-1995
Qualifying State: NV List of Officers Due: 1/31/2010
Managed By: Expiration Date:
NV Business ID: NV19951048403 Business License Exp:

Registered Agent Information

Name: GLORIA M. PETRONI Address 1: 417 W. PLUMB LANE
Address 2: City: RENO
State: NV Zip Code: 89509
Phone: Fax:
Mailing Address 1: Mailing Address 2:
Mailing City: Mailing State:
Mailing Zip Code:
Agent Type: Noncommercial Registered Agent

February 10, 2010 OMG! I cannot believe it, yes I can. I too, purchased from Cope & McPhetres (C&M), Rocklin CA. My 10k redemption is not due until May 1, 2010 but can see that I should prepare for the worst. I plan to submit, on time, as prescribed but will expect the same. I think that if we all stick together we can at least get some justice.

For those of us in the Sacramento area we can call KCRA, Channel 3 Problem Solvers for starters. Secondly, Cope & McPhetres had a number of stores throughout the west (at one time I heard 30). Certainly, they need to be exposed for the crooks that they are. I don’t really think this was an accident. It sound to me like opportunistic crooks. This sounds very much like an elaborate scheme where the two parties blame each other for not fulfilling the agreements and leaving the consumer holding the bag (Bernie Madoff). I think that a call to the boat manufactures is another good start. C&M was a factory authorized dealer and if the factory authorized them, then, we need to talk. I do understand that CashRewards (CR) was distributed nationally because before I purchased from C&M I check the program out to make sure it was legit (my bad) and found that this program was being used as a marketing strategy nationally.

The are likely hundreds of us that got ripped off. I did some checking today and talked to the local FBI here in Sacramento. The person I talked to was less than interested and that idiot suggested the local BBB which is good but has no teeth. Another call to the FBI suggested the California DOJ to report fraud. I know myself I am out a chunk and I am willing spend a little time making trouble for all these guys. If we communicate and develop a list of ourselves the authorities may take the matter seriously.

EB

I am just wondering the status of this as I am going to send in my docs to the courts ASAP. Thanks for everyones help!

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.

Well David my receipt is due April 2010 from you and Cope and it looks like you have screwed me and my family as well out of 10k. Do the honorable thing and pay everyone what you owe them. Dont hide behind the courts and do what many others have done and sell your personal assets and pay your debts.

What a ### Maloy is! Also, the thiefs at Cope & McPhetres should be tracked down. I've bought 2 Mastecrafts from them before they filed bankruptcy and I'm glad to see that my $10, 000 Cash Rewards that I was going to claim this coming August isn't worth crap! What a let down... I am a true believer in KARMA and these folks will eventually get what they deserve!

I am just now finding out about all this. My 36th month is almost over and I don't know what to do. I don't want to send info in to a company that no longer exists. Any advice?

I bought a boat at Cope and McPhetere Marine 3 years ago, submitted my claim to Cash Rewards Inc on December 1st and received my package returned to me today. Went to the internet and found this forum. Very disappointing. I just knew from the start that this rewards program would be a scam.

I would think that Retailers/Vendors should bear part or all of the burden on this scam. We would never have purchased their product for the same price had we known there would be no money coming back to us.

We also got BURNED! Thank you Mr. Maloy. Without you, I may forget how to run an honorable business. I am hard working business owner, tax paying citizen who believes in being honest and upfront. I sincerely doubt you were in the military. If you were, you would have been more like my Dad; honorable.

So we lost $7, 500.00, but we have not lost our dignity and self-respect nor our ability to be honest. I spoke to an ex-sales person from Cope tonight... He wasn't sure if they paid Mr. Maloy's company or not...but I was issued a certificate... at some point someone should have been honorable enough to tell me that my certificate wasn't worth more than the toilet paper I used yesterday.

Mr. Maloy you are correct, Karma! It will happen or maybe it has already happened to you? I don't know and don't wish bad upon you. I do wish for the people who could use the money that something good happens to them. I am lucky... I have a healthy family and a son on the way. Yes, my family did have the money ear marked for something... and we've been waiting for some time now... and just learned of the awful news today.

Mr. Maloy, I too can be reached, at jason@alliantnetworking.com. If you have the time, you can even call me collect if you need to, I would like to ask about the demise of your company. I would find it very informative.

I hope that everyone who was led down the rabbits hole finds a carrot at the end of their tunnel. I am sorry for everyone's loss, including my own. This has been a learning lesson and life is nothing more than a series of lessons. This beats the scam I fell for last year with Emerald Cove Marina. We are all the next village idiot if we don't learn from our lessons and hopefully share our stories with others.

Jason Gretsch
[protected]

I actually work across the street from the Dallas courts building. I will be filling out my form and taking it to the building directly. I don't think any of us will ever get any money back but at least it is worth a try. I was hoping to get that money to pay off some debt. Bummer.

I am sending my forms in tomorrow for my 2006 Malibu, with Cope/Mcpheters - Ultimate Water Sports out of business and now CRI, I am not optimistic but it is worth the >$10 to try. I will be monitoring this site for more info and pursuing the Texas bankruptcy of CRI

I have just received my rewards envelope REFUED... spoke to our agent and he said to google the cash rewards inc and find the bankruptcy information... does anyone know what to do now?

Well, I guess we shouldn't bother sending in our claim form... If it's true that Cope and Mcphetres didn't hold up their end of the bargain, then they are culpable as well. However, my husband actually spoke to someone at Cash Rewards three years ago to make sure we had the necessary paperwork, and we were never told that Cope and Mcphetres weren't fulfilling their end of the bargain. That constitutes intentional fraud on both Cash Rewards and Cope and Mcphetres part! The gentleman that my husband spoke to and received correspondence from is Jim Atkins, who sent us a response to our query identifying himself as the Chief Operating Officer of Cash Rewards. Where is HE now? I will be looking into the owner's of Cope and Mcphetres, they should be held responsible as well as Cash Rewards.