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May 18, 2013

Genex Capital Better Business Bureau Report

by Structured Settlement Watchdog

Settlement purchaser Genex Capital sports a Better Business Bureau report that claims that it was incorporated in May 2004 in Maryland (To wit... Incorporated : May 2004, MD).

Download Genex Capital BBB Maryland MD Inc 2004 Proctor Limcangco  May 17-2013

Yet, when one searches for either Genex Capital, or the alternate name posted on the BBB report  Genex Strategies,Inc. with the Maryland Secretary of State Download Genex No Results Search-Maryland SoS

I also followed up with a phone May 17,2013 to Maryland Secretary of State to confirm that there were no records prior to writing this post. I obtained official documentation confirming this from the State of Maryland.

Following is a certification from the State of Maryland Department of Assessments and Taxation that there is no record of a trade name by the name of Genex Capital

Download State of Maryland -Genex Capital 5-22-2013

Following is a certification from the State of Maryland Department of Assessments and Taxation that there is no record of foreign or domestic corporation by the name of Genex Strategies, Inc.

Download State of Maryland-Genex Strategies, Inc. 5-22-2013

What's up with that? As you can see from the above link from May 17, 2013, the BBB report for Genex Capital claims a Baltimore, MD address at a Regus office center as its headquarters. 

Furthermore, according to to Vancouver, Canada based Gian Karla Limcangco's LinkedIn profile, she has not been associated with Genex Capital since May 2012, a position she held for 7 months.

It would be good for American consumers if Genex Capital updated its Better Business Bureau records.

While we're at it, there is a May 31, 2012 post on Genex-Capital.blogspot(dot)com, one of the ones that refers to Genex as "an international company in the world"   states it was posted by Roger Proctor (the name of the CEO of Genex Capital) , and lists an address in Dover Delaware that is not a UPS Store.

Here's the excerpt

" Posted by Roger Proctor at 04:13    No comments:
Labels: Genex Capital
Location: 152 S State St, Dover, DE 19904, USA"

Here's what's at 152 S. State Street in Dover Delaware,  First Heritage State Park.   Download 152 So. State Street Dover, DE

 

 

Posted at 01:18 AM in Genex Capital Commentary, Secondary Market Structured Settlements |

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