KCS Financial / Unauthorized billing
Our company was seeking a business line of credit against a ship, and they represented themselves as the 'approval' underwriter for several lenders. After some due diligence they sent us a letter of approval and requested their fees upfront - amounting to roughly $11, 250 - they also asked us to put out a press release that they had provided us financing - we declined.
Then the stall tactics ensued - many weeks of documents, repeated requests for documents they already had, etc. We asked for our money back, at which time they said they would 'attach liens against all personal and corporate assets' if we did not pay them an additional $40, 000 - and hired a collection firm to go after us.