Cashwiz, LTD

Cashwiz, LTD Review

Reviews: 2

1 RATING
(1)

Total views: 4047

Published: 24 September 2017

Posted by: Anonymously

This company consists of some of the best rip-off artists in the world starting with founder of the company, Fred Davis Clark. He is currently in federal custody and looking at up to a 20 year jail sentence for defrauding investors at Cay Clubs – simply Google it for that sorted tale. Both he and his wife are going to jail after their friends decided to save themselves and turn state witness. Now his legacy continued with his son-in-law Chad McGhee who was recently appointed new CEO of the company after a hostile takeover and firing of the former CEO Keith Miles. It should be noted that Chad is 30 years old and already has a rather shady history as he worked for his son-in-law in the above mentioned scam! Now its Chad’s turn and he will continue the legacy of running a fraudulent business and defrauding shareholders as well as employees. They have had a horrible track record in all of the Caribbean where they operate. To try and save face they have changed the company name numerous times and in 3 years have had 3 different CEOs and owners. This does nothing to save the company and it continues in a spiral downturn. Customers are getting scammed across the Caribbean and have threatened serious action against the company. Caribbean governments are struggling with what approach to take with these fraudsters as most of the countries have no legislation in place to regulate what they do. They have constant immigration infractions across all the stores and every single store has been raided by the local authorities at some point during their operations. They often have staff knowingly take stolen goods and ignore all sorts or other laws. Yet they remain in business. There are too many employment infractions to list. But let’s just say that in every jurisdiction they have an enormously HIGH staff turnover rate. They often hire people and then unfairly dismiss them. They only seem to keep the dishonest ones who steal or are family to the owners. ALL loyal employees leave in short order IF they can find alternative employment. Staff are constantly disrespected and often work under horrible conditions. Anyone doing business with them should exercise EXTREME caution and avoid them if at all possible. They will take customer pawn items and use them whilst they are on pawn – including driving high end vehicles and peoples boats. One example was where Chad, the CEO, took a customer boat out in the water and damaged the engine beyond repair. They have no business ethics about them and they will ultimately screw everyone in their path. .

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