KMA Capital Partners, Inc. — Franchise Scam
KMA Capital Partners, Inc. represented itself to be a private consulting and business development company that focuses on financial consulting and investment banking services for small and mid-cap private and/or public companies.
Management decided to expand their operations with the sale of field offices targeting 60 by 2007. The Ad details read Fin.Advisor/M&A, money back guarantee office priced at $500K with $250K down and, balance a 5 year non-recourse note. The buyer if not satisfied with results KMA Capital Partners, Inc. may buy back the office. KMA also guaranteed $450K in fee income to each field office over the first 15 months.
Needless to say the sale of at least eight field offices was nothing but a scam in which KMA Capital Partner, Inc. and, management walked away with the monies of those field offices which to date they have refused to refund.
My case No. 07-CA-9799 was filed in the Circuit Court of the 9th Judicial Circuit in and for Orange County, Florida, a final judgment against KMA Capital Partners, Inc. in an attempt to recover my $250K from KMA Capital Partners, Inc. This case was initiated by KMA Capital Partners, Inc. when six months into our contract its mangement then forced me into a buy-out once it became very apparent that they were unable to follow through with their fraudulent representations. Some of the other field offices that are in a similar situation range from Texas to Baltimore MD, Washington and Florida. Since then the company has closed its headquarters in Florida while continuing its operations elsewhere in the United States meanwhile, each of its victims has not generated any revenue from the purchase of those field offices nor have they received a refund of their monies.