Print the value of index0
  • Report:  #1490329

Complaint Review: Stan Milnes CEO of Perfectech Inc.

Stan Milnes, CEO of Perfectech, Inc. Secure A Pet He scammed me for a $25,000 investment Placentia CA

  • Reported By:
    Victim — Santa Fe United States
  • Submitted:
    Mon, January 13, 2020
  • Updated:
    Wed, September 23, 2020

Stan Milnes is a fraud, con artist, profiter and a thief. I had the misfortune of meeting him at a church event in 2005 with my husband. He presented himself as a consultant of numerous start-up companies and if you look at LinkedIn, you will see he is always the "Vice President” of Companies and now CEO/President of Secure-a-Pet aka Perfectech,Inc. Secure a Pet, a company designed to put GPS trackers on pets.

He is very narcistic and tries to hob nob with successful people to give himself credibility and gain the trust so he can find his next victim. He is extremely arrogant, and plays the "Strong Christian” role so you will think he is a good guy and can do no wrong - Pathetic! 

He told me and my husband that he had a great idea for the GPS tracker for pets, mostly dogs at the time. He was asking an initial $25,000 to $100,000 to invest with his company. I invested $25,000 in Secure a Pet in 2006 and referred other people to him who invested more than I did. A few years later he had his first proto-type dog collar which had a large black GPS tracker attached to the collar. It was way too big, so he went back to the drawing board.





Over the years he would send us updates, but he was a clever wordsmith and every email claimed he was looking for other investors and tech companies to manufacture the tracker. Here it is over a decade later and in January of 2018 Stan emailed us to advise that he had a buyer for the company and needed all the investors to send him our stock certificates and complete paperwork so we could now get less money than what was originally promised.

This was and still is very suspicious and in early 2019 I received the an email that said the acquiring company lost one of their primary funding sources and have spent the past few months in efforts to replace the funding source. He was pushing to complete the buyout and get the payments started as soon as possible, but the initial amount would be less.

Another email said the acquiring company has still not completed all the terms of the agreement at this point and has not completed the transfer of funds and supposedly was in contact with their CEO and recently have had discussions with one a group working on the acquisition headquartered in a middle eastern city. Really...this is full of s___t!

He continues to say he does not understand the details of the delay as there has been some difficulties within the group because they were in the process of moving forward with the purchase of two other companies. As usual, Stan says he can’t specifically provide a date certain for the first round of distributions. 

He then says, given the limited options available, he is doing all he can to try to ensure the deal gets completed even though it has taken far longer than any of us wanted. Yes, 14 YEARS and still nothing! Finally, Stan says until all the provisions of the agreement are fulfilled, he will continue to hold all the share certificates and they will not be physically transferred until all the provisions are fulfilled. I am sure this is LIE! I am certain I will never will never see a dime!!

Stan is a fraud, con artist, profiter and thief! His emails above are all lies! You would think after 14 years he would have been able to develop a very profitable company that matched GPS technology with pets and more. I am sure he has been living off our money and I want my original $25,000 back. In process to reporting him to the FBI, FTC and more. Beware of this man and stay away. He currently lives in California.

2 Updates & Rebuttals


Victim

Dallas,
Texas,
United States

Trying To Remove This Complaint

#3General Comment

Tue, September 22, 2020

To the Editor, I sent an email in July (see below) to remove the Ripoff Report for the following. It is still listed and today is 9/22/20. Please remove the report from the internet. 

https://www.ripoffreport.com/report/stan-milnes-ceo-perfectech/placentia-ca-secure-pet-1490329

Response From Ripoff Report - 9-22-20

You just need to file a rebuttal.  You can explain what parts of the Report is false. Its free. You can add photos, documents, anything you want to prove your case. The longer you wait, the worse it is for you.

We have always had a uniform policy to NOT remove Reports.. sorry. 

9-22-20 Unfortunately, the report from the Sender is not false or untrue.

Sorry, I thought they would remove it at the request of the sender.


Stan

McKinney,
Texas,
United States

Rebuttal of a libelous claim of malfeasance

#3REBUTTAL Individual responds

Thu, July 16, 2020

Suzanne Dortch (Pockrus) and her husband were very early investors in my company and were clearly made aware of both the risk and the time frame it may take.  They signed documents to indicate they were aware of the risk and possible loss of some or all of their investment, they were qualified investors in accordance with SEC regulations, and received the Private Placement Memorandum that detailed the investment.  

To indicated in any way this was a scam, I committed fraud or I stole the money is absolutely absurd.  This has been a very long and difficult process in which I have gone many months with no income in order to keep the company going rather than to walk away.  Like many new companies unfortunately we were somewhat under-funded, so it was a battle to keep things going.  I always kept the investors advised and looked for a way to allow them to receive value for their investment.  

A group approached me in efforts to buy the company and help finish the funding required to bring the product to market.  We agreed to the buyout so the investors could get some small upfront funds and then be able to get the balance of their investment back plus a 20 -25% bonus.  I have worked diligently to make this happen, however the group has not met their agreed timeframes and unfront funds committed, so I had to find another group to meet those same requirements which I have.  I hopefully will have this completed before the end of the year and begin the process.

I never profited at all by Suzanne's investment nor did I scam anyone during this process.  These libelous statements are without merit and to question my faith is both childish and a sad statement on the person she is purports to be. My faith is enormously important to me and has been my foundation through all the trials and tribulations of this journey.  

I felt it was very important to let any readers understand no laws were brokent, no regulations were breeched, and all the information provided in the emails and documents were based upon both facts and information provided by the company who was to acquire my company. 

Respond to this Report!