SCAMCavitt Payton Consulting LLC Investment Scam Reports & Reviews (1)
Cavitt Payton Consulting LLC Investment Scam Contacts
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Country United States
Victim Location TX 76208, USA
Total money lost $120,000
Type of a scam Investment
hundred twenty (120) days together with an additional twenty percent (20%). The solicitations continued when Mr. Cavitt contacted Plaintiff on or about March 25, 2022. Mr. Cavitt reiterated the purported opportunity, characterizing it as an “airtight deal” and “can’t lose money.” There, Mr. Cavitt represented to Plaintiff that Defendants would return the money furnished plus an additional twenty percent (20%) or twentyfour thousand dollars ($24,000.00) if Plaintiff were to provide Defendants with a sum of one hundred twenty thousand dollars ($120,000.00). In furnishing the funds, Plaintiff relied upon Ms. Payton’s and Mr. Cavitt’s representations. On or about March 30, 2022, Mr. Cavitt, individually and as a member of Cavitt Payton, executed a promissory note binding both himself and Cavitt Payton to certain terms including the obligation to pay Plaintiff a total sum of one hundred forty-four thousand dollars ($144,000.00) (the “Promissory Note”). On or about March 31, 2022, Plaintiff wired a total sum of one hundred twenty thousand dollars ($120,000.00) to Defendants’ account reference. Pursuant to the terms of the Promissory Note, payment was to be made in full and within one hundred twenty (120) days from the disbursement date, making payment due on or before Friday, July 29, 2022.
To date, and despite repeated demand, Defendants have neglected to ensure payment of the entirety owed to Plaintiff and have failed to make any effort or affirmative step towards repayment of the Promissory Note. As a result of Defendants’ nonpayment, on or about August 31, 2022, Plaintiff called the Promissory Note, making the total amount immediately due
and payable according to the terms of the same. Additionally, on or about January 11, 2023, Plaintiff served onto Defendants a demand for payment of the monies owed under the Promissory Note. Plaintiff incorporates by reference all allegations, contentions, and assertions set forth in Sections I through VII above as though fully set forth at length herein and asserts that the same are moving factors, which have contributed to the injuries suffered by Plaintiff. Both Ms. Payton and Mr. Cavitt, individually and in a representative capacity of Cavitt Payton, made representations to Plaintiff. These representations were both false and material to the transaction and were made with the intent of inducing Plaintiff to act upon said representations and enter into a transactional relationship with Cavitt Payton. At the time the representations were made, Defendants knew or should have known that the representations were false, and the intention to honor the commitment and fully perform the future promise was nonexistent. Plaintiff relied upon the aforementioned representations to her detriment, sustaining actual and exemplary damages, plus court costs, and interest.