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  • Report:  #1526275

Complaint Review: Ioticiti Networks Inc. – Metro Connect International - Mustang Holdings - Metro Wireless - Markham Ontario

Reported By:
West Palm Petrie - Ponte Vedra Beach, Florida, United States
Submitted:
Updated:

Ioticiti Networks Inc. – Metro Connect International - Mustang Holdings - Metro Wireless
100 Allstate Parkway, Unit 801, 900 Markham, L3R 6H3 Ontario, Canada
Phone:
1-844-684-2484
Web:
www.ioticiti.com
Tell us has your experience with this business or person been good? What's this?
Report Attachments

Tale of Two Cities- Markham Ontario 2023 - What some thought was a lucky chance to have the privilege to being invited to invest in a new IoT company that developed their own WIRELESS SUPERHIGHWAY namely IOTICITI NETWORKS INC. (Metro Connect International - Mustang Holdings - Metro Wireless) Darrin Frank and Lou Gallucci began sucking in small investors, family's and small businesses to keep them afloat until they were able to bring in some big investors(FISH). Since 2015 they have had 3 different private placements at various prices, they have received deposits from future business partners, they first told shareholders they were focusing on Canada and the USA, then they were meeting and negotiating with potential Global buyers. Since early 2018 it has been delay after delay after delay having negotiations with various parties to buy ownership, with signings of various partnerships and multiple client agreements. The problem is shareholders were getting verbal updates to all these details via phone calls from the VP of Business Development namely Lou Gallucci. In mid 2021 there was a company evaluation done by Deloitte and by the end of 2021 there were new officers hired CEO Andrew Branion (Former Scotiabank) and COO Michael Friedman (Former Scotiabank) with shareholders being updated by Mr. Gallucci again. In 2022, there was an evaluation completed by the C.T.I.A of Ioticiti’s US and Canadian Spectrum licences which were needed for the negotiations with potential ownership buyers. However, this information has not been shared with any shareholders, only verbal confirmation to a few shareholders by Lou Gallucci. To the present day there has never been a shareholders meeting, vote, or sharing of any documentation. Now many family and friends are fighting because in today's economy, many of the initial small investors need there investment out of Ioticiti before they loose property, businesses and spouses.

Tale of Two Cities- Boca Raton Florida 2006 - Cecil Darrin Frank and his wife Sophia (Opasinis) Frank found guilty of fraud and deported to Canada.

https://www.govinfo.gov/content/pkg/USCOURTS-flsd-9_05-cv-80732/pdf/USCOURTS-flsd-9_05-cv-80732-0.pdf?fbclid=IwAR3KQ8iPQqrpxodEhX7-MhNcMVytwOpNzbLAJTJqcob8_X0-ljaUAjkdpQY

http://search.sunbiz.org/Inquiry/corporationsearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=AMERICANMASTERCRAFTSTEELBUILDI%20P980000444270&aggregateId=domp-p98000044427-19202bd4-9873-4f15-b645-faf0051db553&searchTerm=AMERICAN%20MASTERCRAFT%20INC.&listNameOrder=AMERICANMASTERCRAFT%20F150000051920&fbclid=IwAR3q5ucCVe9D0hE8XZCfiNKzbzo6_z4P57tf799nXDTYxJFTpyb0X7diQo0

https://www.tractorbynet.com/forums/threads/beware-american-mastercraft-buildings.4158/?fbclid=IwAR1p3XEqq6Gf59rUFAt3tGJ6OSXVHAP-jRnBEaMSzckwWuXSVQAhgBe00tk

It seems this family easily gets co-conspirators to lie and cheat good hard working people and their families out of their hard earned money, destroys some small businesses and breaks up many families and friendships with no remorse. How do I know that, well when Ronakld Frank lives a high lifestyle and sits in an empty offfice out in Vancouver, brother Cecil Darrin Frank and his wife recently sold two residential homes for approximately $6 million, partly owns an Italian restaurant and drives a Bentley.

Please spread the word to stay clear of all of these people mentioned above and here is some more linkls you can check out and please comment about your experience with any of them.

https://www.ripoffreport.com/report/american-mastercraft-steel/markham-ontario-bilked-i-non-1525990

https://www.ripoffreport.com/reports/american-mastercraft-steel-buildings-corporation/boca-raton-florida-33434/american-mastercraft-steel-buildingsdarren-frank-sold-me-a-sales-pitch-for-a-steel-build-302967

 

 

 

 



 



24 Updates & Rebuttals

Christine

toronto,
Ontario,
Canada
thieving disgusting individuals.. 0 morals.. 0 ethics.... truly garbage people.

#2REBUTTAL Individual responds

Tue, April 16, 2024

thieving disgusting individuals.. 0 morals.. 0 ethics.... truly garbage individuals.

 

 

they knew all along what they were doing. 

 

 

they looked people in the face and took their hard earned money while they were living the highlife.  

 

 

they stole from people which believed in them. 

 

 


concerned

California,
United States
Every single one of the business execs and team are complicit; they all knew what they were doing to the shareholders, employees and partners.

#3REBUTTAL Individual responds

Mon, April 08, 2024

Every single one of the business executives knew exactly what was going on.. even the short term ones. 

 

 

if you can somehow believe that people of that stature didnt once think to call a shareholders meeting to provide accountability around the expenditure in the time of their service even once you have serious grifting problems. 

 

 

to think that a bunch of "well to do" business people on linkedin with great feats of business grandeure in the public and private sector couldnt get their act together to maintain some level of integrity...

 

 

anybody reading these comments from the poor people that were ripped off should make this go viral as they hurt a lot of families and individuals. 


jane doe

Ontario,
Canada
"Jane you are a millionaire you just dont know it yet" - Cecil Darren Frank

#4UPDATE EX-employee responds

Thu, March 21, 2024

"Jane..… you are a millionaire you just dont know it yet" - Cecil Darren Frank

 

they would say to empoyees and investors.. 

 

a truly disgusting fraudulent bunch. 


john doe

California,
United States
"this is the best Christmas you are ever going to have" - Cecil Darren Frank

#5UPDATE Employee

Thu, March 21, 2024

"this is the best Christmas you are ever going to have" - Cecil Darren Frank

they would say to employees and shareholders

 


bob

California,
United States
destroyed friendships, destroyed our lives, destroyed our families ---- they lied to all of us

#6UPDATE EX-employee responds

Mon, February 26, 2024

many of us went in as a group friends as we had faith in what lou and darren were touting.   many of us pulled mortgages to invest with ioticiti as we strongly believe in them.  some of us lead the investment with dozens of people supporting us to look after our friends families and best interests. 

 

its a terrible state now as all the once friends are at eachothers throats for what the business execs have done.  

 

we pray that there will be some justice here


tech girl

richmond hill ,
Ontario,
Canada
iot and opportunities

#7Consumer Comment

Mon, February 26, 2024

i met them as a potential client and their tech team really had their heart in the game and wanted to do what is right for humanity.  

 

its such a shame that the business teams used them. 

 

the business execs are a truly evil unethical bunch after hearing more details from the shareholders that were ripped off. 


john

Ohio,
United States
God bless - using gods name in vain - what sad individuals.

#8REBUTTAL Individual responds

Wed, February 07, 2024

 After putting my retirement money in that i slaved for farming they "God Blessed" me. There is nothing more rotten than a person that hides behind religion and carries out disgusting acts. A higher power is definitely going to deal with them accordingly.


Denise (in law school)

Ottawa,
Ontario,
Canada
sad and amazed - looking forward to seeing the case information.

#9Consumer Comment

Wed, February 07, 2024

I cant wait to hear more on this case it looks like a lot of people were involved and the business team were big into white collar crime and likely throughout their business careers prior to ioticiti. I bet it was just amplified when they all got together. Good to see there is some potential for these poor families that were ripped off. Lets hope the court system has some morals and ethics; i have faith in our judicial systems even though white collar criminals should be treated far more harshly for the generational damage it does.


sono una vergogna

toronto,
Ontario,
Canada
lied to innocent people, lied to government, lied to financial institutions...

#10Consumer Comment

Wed, February 07, 2024

 as we find out more about the business group we (the businesses, families, shareholders involved) cant figure out how they could have looked at people eye to eye and conducted the deals they had done. they lived in extravagance and lied to everyone - knowingly hurting people as the deals were signed; truly disgusting.


devastated

boca raton,
Florida,
United States
destroyed families while pampering their own... truly evil bunch

#11REBUTTAL Individual responds

Wed, February 07, 2024

 i understand that many weddings were had by the children of the business execs during the time of investment rounds. My family and i are so disgusted with the details we heard.. where we understand there were weddings and entertainment provided coinciding with the heavy investment round pushes. these people are truly evil and disgusting. they knowingly took from families and the elderly to pamper their families... brutal!


dot connector

new york,
New York,
United States
as the marketing material said "Connect the Dots" -- They are all complicit.

#12Consumer Comment

Tue, December 19, 2023

as the ioticiti marketing material said that was presented to my family, my collegues and i  "Connect the Dots" -- They are all complicit.

executives on the business side could not have operated in ioticiti for so many years without being complicit... think about it.  

 

 

 


cowan

Saint John Island,
U.S. Virgin Islands
they used our kindness against us in wanting to help them make ioticiti a great company.

#13REBUTTAL Individual responds

Sat, June 24, 2023

they had all they needed to make an amazing company, especially with the frequency licenses they owned in mexico, canada and united states.   They even told me about europe and africa in a few of the discussions. 

 

how can they be such blatant liars straight to my face.  I brought in my brothers as well for investment and i have to deal with the fall out now?  They have really hurt many many relationships because of their greed. 

 

hopefully the all of this will be brought to light and a form of justice will be served. 


Sitting in the East

Beijing,
China
if you havent already done so we are urging you to participate in the filings with the bc securities commission.

#14REBUTTAL Individual responds

Sat, June 24, 2023

if you havent already done so we are urging you to participate in the filings with the bc securities commission. 

we need help to get things moving and urge you to file referencing "ioticiti". 


Constituent Lodge

Vancouver,
British Columbia,
Canada
many many families and business have been ripped off internationally.

#15REBUTTAL Individual responds

Sat, June 24, 2023

more and more sharelholders are getting together and we are finding that so many families and businesses have been affected by ioticiti's complete lack of transparancy.  Consider the stories you have been told and who really drove the investment opportunity at you.  


Saturn Retrograde

vancouver,
British Columbia,
Canada
I used my kids university funds and i told them i was going to do this. They have destroyed my kids futures.

#16REBUTTAL Individual responds

Sat, June 24, 2023

I used my kids university funds and i told them i was going to do this.  I am not a rich man and they understood this.  they have destroyed my kids futures. 

 

all the business execs were in on it and they will not pick up their phones, answer their emails - they know i know everything now and will cannot face what they have done.  they have been caught red handed.. i am going to push to get the rcmp involved.  


tim horton

Canada
BDC and Fund Raising.

#17REBUTTAL Individual responds

Wed, May 31, 2023

To the external shreholders it was a no brainer for ioticiti to go to the BDC; especially with the tech they were developing.  Many of us had good interactions with the BDC and were successful in using them to get our businesses going.  For years this subject was brought up and often the replies were in the form of deflection or appeasement with no action. 

Everyone on the business team was complicit in this deflection. 

 

After finding out what happened in december of 2022 when the accounts were exposed it makes absolute sense that the BDC business loans were discouraged. 


ripped

Canada
Why? They were doing well with the their municipal, province, state and possibly nationwide projects?

#18Consumer Comment

Mon, May 29, 2023

What i dont understand is how the executives can be just allowed to tuck tail and run.   After all they put out some great stuff and were working closely with the government. 

 

https://govlaunch.com/projects/vaughan-on-experiments-with-ioticiti-system-for-automated-stormwater-pond-monitoring

 

 

why would someone risk all of this?  why wouldnt they try and get their backend dealings in order as so much is on the line? 

 

 


disgusted

United States
Michael Friedman, Andrew Branion, Lou Gallucci and Jordan Gallucci - exit from the company with no minutes or agm distributed to anyone.

#19UPDATE EX-employee responds

Thu, May 25, 2023

Michael Friedman, Chris Macloed, Andrew Branion, Lou Gallucci and Jordan Gallucci - exit from the company with no minutes or agm distributed to anyone.

 

why didnt any of the business executive team/board of directors put together an AGM to annouce their departure from the company?

 

why didnt they put together an AGM in 2022 when they began pointing fingers at one another for the mishandling of the funds by ioticiti business executives?

knowing this was all going on how could they continue to fundraise into late November 2022.... this all doesnt make any sense unless they were all in on the laundering of the $'s coming in? 

so immoral and unethical.. absolutely disgusting bunch. 


ripped off

United States
SNRED Credits - We understand now why they were never obliged even though many of us knew what we were doing at ioticiti would qualify for all the SNRED credits.

#20UPDATE EX-employee responds

Thu, May 25, 2023

SNRED Credits - We understand now why they were never obliged even though many of us knew what we were doing at ioticiti would qualify for all the SNRED credits.

 

Radio development - we made a radio that is in the field

sensor stack development - we made a product that is in the field

it operations work

software/hardware development for construction applications

and much more. 

 

 

Being well versed in R&D and product development the SNRED program in canada is an excellent means to recoup R&D money for all the work that was being done by the development team. 

 

Some of us would request the use of the SNRED but the executives would nay say it and said it wasnt worth it.  This went on for years... despite knowing that SNRED can recoup 40% if not more of the R&D expenses.  This should have been a red flag for many of us but we had a lot of trust at the time in the executive team. 

 

Some of the lead technical staff were never paid and would often put in 70 hour weeks to get the development done.  The premise around the work conducted was always we are almost there and the big payout was coming.  We were terribly mislead and its horrible that some of the executives were paying for their own homes, cars, family cars and expenses etc on the backs of both the tech team and the shareholders investment dollars.  

The immoral and unethical behaviour of the executive business team is absolutely abhorrent.  

 

 


ripped off

United States
Why wasn't the Supreme Civil Suit May 2021 announced to the shareholders when it first arose?

#21UPDATE EX-employee responds

Thu, May 25, 2023

Why wasn't the Supreme Civil Suit May 2021 announced to the shareholders when it first arose?

 

Shouldnt have this been conducted based on the corporations act? Doesn't the executives and board members have a fudiciary responsibility for full disclosure with all dealings with the company that may affect the share value?


ripped

United States
Why wasn't the Radio Mobile suit announced to the shareholders when it first arose?

#22UPDATE EX-employee responds

Thu, May 25, 2023

Why wasn't the Radio Mobile suit announced to the shareholders when it first arose?

 

Shouldnt have this been conducted based on the corporations act? Doesnt the executives and board members have a fudiciary responsibility for full disclosure with all dealings with the company that may affect the share value?


angry parent - they stole from my family.

United States
All the executives participated in fund raising for a decade. Nobody at any time considered calling out where the money was going even though cheques were directly handed to them.

#23UPDATE EX-employee responds

Thu, May 18, 2023

All the executives participated in fund raising for a decade. Nobody at any time considered calling out where the money was going even though cheques were directly handed to them.

This in iteself is incredibly hard to believe. 

Logic would dictate that all those listed here: https://www.ripoffreport.com/report/ioticiti-networks-metro/markham-ontario-cecil-darren-1526275

--- Would at some point consider checking on where the 10's of millions of $'s were deposited; and for a company that had no product out there how was there burn rate so high?

At no point did any reflect on the ethical nature or the fudiciary responsibilities in managing peoples money? Especially those they had a personal relationship with whom were banking on ioticiti/metro connect being successful? 

Was everyone in on it? Even those in British Columbia where they were headquartered out of? 

All these questions need to be addressed but after being taken to the cleaners by ioticiti many of us do not have the funds to support lawyers.  Meanwhile all of the ioticiti business corporate team and their offspring are driving high end vehicles and living in high end homes. 

This is all so surreal and sickening. 

 



ripped off shareholder

United States
Background on the Franks - US Court Filings.

#25Consumer Comment

Wed, May 17, 2023

 

Filings from US Courts. 

https://www.govinfo.gov/content/pkg/USCOURTS-flsd-9_05-cv-80732/pdf/USCOURTS-flsd-9_05-cv-80732-0.pdf

 

They should not have got off this easily. 

 

These poor people (the clients) were ripped off and i feel terribly for them. 

 

 

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