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Genesis Venture Capital

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Genesis Venture Capital Reports & Reviews (1)

- San Bernardino, CA, USA
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My name is *** *** I am a recent graduate from California State University San Bernardino. As recent graduate I have posted my resume on all the secure job/resume posting sites. On 11/11/16 I received and email from a fraudulent Company (unaware at the time) named Genesis Venture Capital. A lady named Lisa Thompson reached out to me and made it appear as if she had found my resume online and was interested in my background and wanted to see if I'd be interested in a project management position with her company. She stated they were a venture capital company that works with startup Tech Company and incubate them for success. She stated they were international in two countries and expanding a US Division. They just opened an office in Illinois (300 N LaSalle St, Chicago), it had been open about 3 months and they were looking to expand office location to CA (601 s Figueroa St, Los Angeles) and about 12 other states. They needed project managers. She also sent me over employment forms, job description, company site link information, and did/sent everything a legal legitimate employer does and everything collaborated her story. After a few email exchanges back and forth she reached out to me via phone, conducted a phone interview, followed up with email confirmation upon interview completion. She then reached out a few days later and followed to say all was good with the interview and now I would receive, should review (I Did, all checked out), sign and return an employee agreement form. The form stated I’d be under interview/assessment process for a month. It was to be composed of theoretical and practical phase and upon completion of both with a good score they would offer the job. Then at that point she stated a gentleman would reach out to me named Charles Payne, and he did. I also needed to submit employment form to him wait for acceptance, to proceed. We exchanged multiple emails then I returned the form at the point the interview/assessment process began. They sent me five case studies over a two week time; I needed to complete, resubmit and wait for score results.

Thru that phase all test were passed with 5 out 5 score. We spoke via phone one time thru out that phase, he called from an Illinois number. I requested the call, I wanted clarity for everything and he gave the same story/information as Lisa with more of spin. He promoted the company well, spoke about growth opportunity, his time with the company and etc. Afterwards we exchanged a few more emails, then on 12/1/16 he stated that all cases were good to go and the practical phase could now start. It was a project, I had to find the best prices from local vendors (BestBuy, Apple) on batches of equipment needed for a startup company they were working with. They sent me all the information needed I conduct my market research found best prices at best buy submitted information for the project the total came to 25,000$ - 4 batches of 3 laptops each. He then reached out and stated he would provide me with an account funded for the project, he stated since I’m not an employee yet it had to be done this way. Charles sent over the account information and also stated the project will be changing, it will be for the new LA office they are opening, not for Tech Company anymore. So instead of purchasing equipment purchase gift cards and wait until office opens then go get equipment with cards. The account I received was to be used as reimbursement and he stated I didn’t have to spend any of my own money. Once Reimbursed I’d be required to send him Card information. He sent over supporting documentation, information around best buy and their policies, and even made it seem as if he was in contact with the companies finance department and they were going to be informed to allow all to go through. I was giving another 2 weeks to do so. The first thing I did was check the routing number and it showed up as a Wells Fargo number. The next day I visited Wells Fargo (1190 S Beach Blvd, La Habra, Ca) to check to see if this was legit and explain what was happening and to just get final confirmation. Victor a banker there checked the information I gave him and replied, “All looks good, account is real, and funds to support what the account information I had given him reflected.” Before I left I asked if he could contact account holder to make sure there were aware he then stated it was protocol to reach out to a customer so he couldn’t call”. I left proceeded with caution.

I started off with a 500 dollar purchase and then made the reimbursement transfer waited a few days funds went back in and posted to my discover card no problem. Then I send him Gift Card Information. I exchanged emails with Charles he urged now feel comfortable to go ahead and execute the full project. Every time I purchased and then made a reimbursement transfer waited a few days funds went back in and posted to my discover card no problem. Now the project is complete all of the reimbursement payments have been flagged as invalid due to being received from a compromised account, I am left with 25,000$ worth of Debt on my Discover Card.

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