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Patriot CapitalFraud and lies


I have already lost my money so here goes. It is now Official. Mark Phillips and Patriot Capital are scam artists. Located in or around Johnson City, TN, Please stay away from Jimmie (Jimmy) Pates, Dave Simms, Michelle and of course, Mark Phillips.

Phillips and the crew are unable or unwilling to do what they say they can. They promise anything until they get their $495 Processing fee. They stick around a few days, stating they work for a Hedge Fund, but they are just brokers. Here area a few examples of how they work.

Phillips emailed me on 3/2/09 “We should be able to close end on next week at latest.". I believed him. On 3/18/09, after going silent for days, Phillips emailed me stating he had the flu. Again I believed him. On April 7th, again after days of silence and no Return calls, I was told in an email that my loan docs needed Verbage changed, per the lawyers. Again I believe him.

On April 13, after I posted an unfavorable accounting of his actions online, he responded again by email, “My hiccup in the paperwork was my first lender backed out. I did not want to freak out your seller." He later added, “I will contact you by phone when I have your financing in place. At that time you can choose to take it or not."

On April 17 he actually called and told us we had an approval from Troy at Warshaw Capital. On Saturday, 4/18 he sent us a Patriot Capital letter giving us an approval. We asked for a letter from the Troy and he said he would get one. We still haven't seen it. Phillips has gone underground, although we can see him pop online. Yet he will not return calls. Not to me, my sellers or the title company that is doing the work. I even offered to shut my mouth about him if he would only refund my Processing fee. That offer went unanswered.

I am sure there are others that have been swindled. Phillips will come back screaming Slander and Libel. I have shown you part of the Proof. If anyone has any other questions or wants to join me in swearing out a complaint with the FBI, contact me.

Stay away from him. Stay away from all of them. They are scam artists and just take your $495 processing fee and run.


  • Je
    jennlk74 May 21, 2009


    I wanted to pass information along regarding Mark Phillips. Mr. Phillips is a scam artist. He has several business names, phone numbers and email addresses. Mr. Phillips will require upfront money- usually between $250.00- $500.00. He will state that a contract will be sent to you and that he will be in touch. He will require you to either send money via pay pal or by moneygram.
    Please be warned that Mr. Phillips is a scam artist with no intention to assist you with your loan needs. He simply is looking to take your money. He is currently being investigated by the Atty General in TN. Furthermore several of the people that he has scammed have file police reports on him.

    If you have further questions feel free to contact me at [email protected]
    Thank you- just trying to assist anyone that might come across this deviant business person.

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