Blue Dolphin National / Matthew Michael Chouteau — front fee credit scam
Michael Chouteau of Blue Dolphin National (www.bluedolphinnational.com) in Scottsdale, Arizona is running a front fee credit SCAM.
In mid-February 2009 Mike Chouteau took $4500 in fees from me claiming that his company, Blue Dolphin National, was the “parent company” and controlled the process.
In mid-March the funding was due and Michael Chouteau claimed it would be a few more days due to a “paperwork backlog.”
In late April Michael Chouteau said that he was actually only a broker and the REAL parent company would be providing the credit “in the next few days.”
In mid-May Michael Chouteau claimed that the real parent company stole everyone’s money and cannot be contacted anymore. He refuses to identify this mystery parent company stating that he doesn’t want to “place blame.”
In mid-May Michael Chouteau claimed that he never received any money from me and that I had to go back and talk with one of his “brokers” to recover my money.
In mid-May Michael Chouteau admitted that he had my money and had a refund document prepared by a non-existent “legal department” promising to return my money in writing. There was also a written money back guarantee in the original contract in February. It is now four months later and the money is not returned and Mike Chouteau is not answering the phone or email. Blue Dolphin National is a scam.
Mike Chouteau claims to have a “real” office in Scottsdale. It is not a regular office but an office service. He never physically goes to that “office” but communicates with his “staff” by phone, text message and email. The “staff” is someone from a temp employment agency whose job is to take messages. This temp worker is given no information about anything important to company operations. Michael Chouteau will rarely return a phone call or answer an email unless you are a new prospect and he thinks he can get your front fee. Those of us who are owed money and have not see results are usually ignored.
Michael Chouteau, owner of Blue Dolphin National, is a scam broker hustling front fee clients, and inflating those fees at the clients’ expense. Michael Chouteau does not provide any services in-house as he claims. Blue Dolphin National is not a “parent company” and has only been registered with the Arizona Department of Corporations since February 9, 2009. One month later Blue Dolphin National was already in trouble for failing to deliver credit lines as promised. Blue Dolphin National shares a fax number [protected]) with two other companies also owned by Michael Chateau. The other phone numbers he uses are [protected], [protected], [protected], and [protected]. Those may all be scams, too.
Michael Chouteau will often place ads just using his website address to avoid triggering a Google search on his personal and company name and the associated scam complaints. That web address is www.bluedolphinnational.com.
The question you should ask before doing business with Michael Chouteau is if all the claims he makes regarding big funding and six figure incomes are true, then why can’t he produce those results for someone after more than four months, or return a $4500 front fee, as promised in his money back guarantee contract? He can’t do this because he makes promises he can’t keep, he claims resources and experience he does not possess, takes our money, and moves on to the next front fee.
If you still choose to do business with Michael Chouteau/Blue Dolphin National please be warned that he has taken money from a group of customers who are filing multiple criminal complaints with the FBI, various state attorney generals, and the Federal Trade Commission, as well as notification of the IRS. We will also begin civil litigation all over the country, which may result in judgments against Blue Dolphin National. If we are successful, the government may seize Michael Chouteau’s assets, and he may go to jail. Those frozen assets may include your front fees if you send money to Blue Dolphin.