Corporate Acquisition Group – Scam or Business Opportunity?

  • Comments: 17
  • Written on: December 30th, 2008

UPDATE 7/25/2009: Ty Tymkovich has failed to deliver on his multiple promises to me regarding the status on our valuation refund. He sent me a check for 1/2 of what he owed me.He has lost his brokers license in Colorado.  There are multiple allegations against Ty which I am more ready to believe than I was in the past.

This topic is taking on a life of its ow, so I am launching a new website at http://www.tytymkovich.com where former customers of Corporate Acquisition Group and Ty can post their stories, information, and options.  This site will be launched in the coming days.

The answer is that Ty Tymkovich and Corporate Acquisition Group is on the level and is a viable way to find an investor for your business.  Like any service business they have some customers that complain for various reasons, but Ty and his company deliver what they promise – opportunity.

Ty Tymkovich has been slighted on a number of websites for various things (mostly untrue).  I have dealt with him directly and I can tell you he has always delivered what he promised to me.  Here’s my story of my interaction with Ty and his company:

Its been almost a year since I received an automated phone call from Rick Weber (312-242-3640) at Corporate Acquisition Group explaining he had a person interested in investing in one of my businesses.

Like any businessman worth his salt, I did some Google searching about who Rick Weber and Ty Tymkovich were before I had further conversations with them.  There are a TON of people out there with opinions about Ty and his company, and after reading a lot of them I decided I would at least have a meeting with their representative to see what they had to offer.

I own three companies – a computer repair company, a website content company, and an internet marketing company.  Ty Tymkovich assured me that they had an investor who was interested in purchasing a portion of one of my companies.  The investment would provide me with much needed capital for expansion and increased marketing.  It sounded like a win-win situation to me.

Is a Business Evaluation a Scam?

Before money changed hands, a business evaluation had to be conducted.  For those who don’t know, a business evaluation is a process by which a company is valued based on its assets, revenues, liabilities, and expected future opportunity.  These factors are all considered before a value is assigned to a company.  That value is how a potential investor can decide if you are a good investment to make.

So here was the first potential red flag – I had to pay $7,500 to have a Texas company conduct an evaluation of my business to assign it a value before Ty Tymkovich and Corporate Acquisitions Group would introduce me to any potential investors.  The way it was explained is that if Corporate Acquisition Group was unable to find an interested investor for my business, they would refund the $7,500 to me.

I was skeptical, so I took the opportunity to contact the Texas company they use for the evaluations and I confirmed that they work with Ty Tymkovich and Corporate Acquisitions Group, and that $7,500 was the accurate price for an assessment on a company with an income level similar to what I have.

I concluded that either Corporate Acquisitions Group was either really confident in their abilities, or this was a masterful ripoff.

I contacted Colorado regulating authorities, the Better Business Bureau, and the local Chamber of commerce and none of them had any unresolved complaints.  I decided to write the check and see what happened.

What Did Corporate Acquisition Group Do?

The biggest thing that Ty’s team at Corporate Acquisition Group did for me was allow me to continue running my businesses while they worked to match me up with an appropriate investor.

On average one to two people a month contacted Corporate Acquisition Group about investing in my company, but so far none of them have been interested enough to produce a letter of intent.

I watched as Ty’s team used the internet to find new leads after their initial leads fell through.  Matching an investor with a business is a finicky task that requires a lot of time, energy and attention.  That is frankly why I hired Corporate Acquisition Group to manage the process for me.  I didn’t have the time or patience to do it myself.

Has Corporate Acquisition Group Found an Investor for my Business?

Not yet.  Over the Christmas holiday they had two more contacts – one from a local guy who probably doesn’t have the kind of money we are talking about (given the credit freeze lately) and another from a guy in the Middle East.

Our one year anniversary is coming up in March with Corporate Acquisition Group, which means if we don’t have a qualified and interested investor before March 25, 2009 Ty’s team is going to be sending me a check for the $7,500 I invested in the business evaluation.

I had a conversation with Ty today to start laying the ground work for the refund.  According to the contract, the request for the refund must be made in writing and mailed within 30 days of the expiration of the original year.  At this time I have every indication that Ty is going to honor the agreement we made together.

Because of this commitment to his word, I plan on leaving the listing with Corporate Acquisition Group even if the one year deadline is not met.

Conclusions:

Every company in existence has a few dissatisfied customers, disgruntled employees, or competitors who would do or say anything to get a leg up on their competition – or better yet steal clients.

At this time I believe that Ty is a man of his word and that Corporate Acquisition Group was doing everything it could to find an investor for my business at a time when investment capital is in short supply.

Subscribe to my RSS feed if you are interested in hearing more about Corporate Acquisitions Group because when the time comes I will post an update and let you know exactly what happens at the end of March – unless of course I get an email from Leah Rogers at Corporate Acquisition Group telling me they have an interested and qualified investor first!

  1. leeon coggins
    leeon coggins said on February 10th, 2009 at 3:09 pm

    So did you get your refund? If so you would be 1 of the few, more like the only one. The men who Ty learned his skills from are all going to be sentenced in October of this year by The Federal Government in Wichita they have a hot line set up if you got screwed.

  2. Thor
    Thor said on February 11th, 2009 at 4:45 pm

    Not time to send it yet. They have until March 25th and the contract says I need to send it 30 days ahead. We will be sending it by certified mail next week. I promise I will blog about it either way.

    I get the impression you don’t like Ty very much, but he has never given me a reason to distrust him. He is listed with the State of Colorado and they do post complaints on their regulator website – he has none.

    I am not sure what you mean about these other people, but I don’t have a contract with them.

  3. Odin, one-eye said on February 19th, 2009 at 3:02 pm

    So it seems that my early post was deleted. It is truly disappointing that someone would virtually vivesect and choose to gag a contrarian point of view, and that act of removal begs further queries about motives and the levels of trust that can be put into the nature of the reportage here, and Ty Tymkovich, Corporate Acquisitions Group, -et alli.

    To repeat: I believe that Thor Schrock is going to “report” that he has received a full “refund” from Ty Tymkovich, president of Corporate Acquisitions Group LLC. Does this proclamation suddenly vindicate Corporate Acquisition Group LLC, to the lofty and coveted status of “real deal”, considering their longstanding history of unethical business practices?

    Ty Tymkovich has falsified press reports(the E-Telco Agents/Chain Telecom fiasco), conducts misleading and fraudulent business practices, and continues to victimize small businesses. Lastly, if Mr. Tymkovich does not fulfill his end of the contact with the “refund”, what is to happen to their effervescent Facebook Friendship?

    Deletions and omissions of this civil public discourse speaks volumes…

  4. Odin said on February 20th, 2009 at 2:08 pm

    “I worked with Randy Hicks. I worked for MCI for years and Qwest. Both of those companies, Fortune 100 at a time, defrauded millions of their investors of billions of dollars…”

    -Ty Tymkovich, president Corporate Acquisitions Group, LLC

    http://www.usdoj.gov/usao/ks/press/May2008/May22a.html

    http://www.usdoj.gov/usao/ks/press/Sept07/09_20.html

    Marvin Randolph Hicks: One count of conspiracy to commit wire fraud, six counts of wire fraud via telephone calls and one count of conspiracy to commit money laundering.

    According to the indictment:

    – PBS offered clients a “100 percent money back guarantee” that it would find qualified buyers for their businesses. When clients tried to claim the refund, PBS denied their claims.
    – Sellers were required to pay a designated fee to PBS for acting as an intermediary with buyers, a designated sum for hiring an independent firm to prepare a valuation of the business that was being sold, and a fee for successfully matching a seller and a buyer, which would be due two days after the sale.
    – PBS received very little money from completed buy/sale transactions. More than 98 percent of the money PBS received from clients was for independent third party business valuations.
    – In order to deny the guaranteed refunds, PBS provided clients with sham matches. The buyers PBS claimed were qualified in fact had no interest in purchasing the clients’ businesses.
    – In order to deny the guaranteed refund, PBS provided clients with references identifying individuals who were represented as business owners who had sold their businesses through the efforts of PBS. In fact, these references were the owners of PBS or PBS analysts and had never owned a business sold by PBS.

  5. Thor said on February 21st, 2009 at 7:31 am

    Odin, any posts with links are automatically considered spam. I salvaged the above comment. Your subsequent three attempts to repost the same comment – word for word – have been deleted.

    With that said, I don’t see how anything you wrote in your comment has anything to do with Ty or Corporate Acquisitions Group. You said a lot of things about a lot of people, and then said CAG was a scam as a result. That doesn’t make much sense to me.

    I am sending them my letter – as per our contract – requesting a refund of the money we paid for the Business Evaluation on Monday. As promised, I will keep all of my readers posted on what Corporate Acquisitions Group does.

  6. vicki lane
    vicki lane said on February 23rd, 2009 at 3:24 pm

    I asked for my refund via a certified letter last month and what a surprise, Ty wrote me back and said that due to the economy, they do not have my refund. If I give him some time, he is trying to get funding to pay everyone back. Meanwhile, my phone calls go unanswered. He’s either not in, or they think he is in, or he just left.
    Gee, maybe he’ll pay you since you do some much positive PR for him, but as for me, I guess I am out the 5K. Also, we didn’t have one lead for the sale of our business in over a year.

  7. leon coggins
    leon coggins said on March 4th, 2009 at 3:47 pm

    As stated before, you will not get a refund from Ty or Corporate Acquisitions Group, I suggest that after you get screwed over, and you will believe me, you contact the Secret Service in Wichita Kansas, they are very familiar with Ty, and his past, and his current activity! Three men that Ty worked directly with and learned his skills from are being sentenced in October of 2009 2 are already in jail for other scams, 1 of those is Marvin Randy Hicks of Alliance, one of the main sources of Ty’s training on how to scam business owners. Thor may I suggest you be proactive in regards to this, I am willing to bet you get a letter if you haven’t already telling you they don’t have the money to pay you. Ty is a scumbag plain and simple, email me and I will give you direct proof, I worked with him at Fidelity and Alliance and can tell you he is a liar, and a great BS Artist, and he has gotten you, you just don’t know it yet. Call the Secret Service, they k now all about him Special Agent Ron Emmit will be glad to fill you in talk with him if you don’t believe me!

  8. Odin said on March 16th, 2009 at 1:25 pm

    Thor,

    It’s been over three weeks since you reported that you were sending Corporate Acquisitions Group L.L.C. your letter for a refund, because they did fail in finding a qualified buyer for your business. What’s the poop? In our era of modern instant communication you should have had some information by now, or are Corporate Acquisitions Group L.L.C. not responding to your correspondence?

  9. Odin said on March 16th, 2009 at 1:27 pm

    PS. Interesting that you tried to ban me from posting truths about Ty Tymkovich’s business history with convicted criminals here…pretty damning actually…

  10. Thor said on July 27th, 2009 at 5:18 pm

    Update:

    http://tytymkovich.com/ has been launched

  11. Liam
    Liam said on September 10th, 2010 at 10:38 am

    Attorney General announces $2 million judgment against fraudulent Englewood-based business brokers

    08/23/2010

    DENVER — Colorado Attorney General John Suthers announced today that an Arapahoe County District Court judge has approved a settlement barring Tyrone E. Tymkovich (DOB: 12/30/1967) of Aurora and Sam Levine (DOB: 2/1/1967) of Castle Rock from soliciting or defrauding Colorado businesses through their business brokerage. Tymkovich and Levine will be required to pay $1 million each to the state in fines and restitution.

    According to the Office of the Attorney General’s lawsuit, filed in December 2009, Tymkovich and Levine defrauded more than 700 businesses in Colorado and other states between July 2006 and September 2009 through their two Englewood-based businesses, Corporate Acquisitions Group and Global Acquisitions Group. Tymkovich and Levine approached businesses and informed them that either buyers were interested in acquiring their firms or their businesses could be sold. Tymkovich, Levine and their employees convinced their victims to allow them to conduct an appraisal of their business for $5,000. Of the $5,000 Tymkovich and Levine’s businesses collected from their clients, only about $1,000 of the fee was actually devoted to completing the appraisals.

    Under the settlement, neither Tymkovich nor Levine will be allowed to act as business brokers for any new clients or solicit upfront appraisal fees from any existing clients. The settlement also requires that Tymkovich and Levine notify the Office of the Attorney General of any commissions paid by existing clients and demonstrate that these commissions are the result of actual brokered sales.

    The Office of the Attorney General obtained a contempt order against Tymkovich earlier this month after he admitted to continuing to solicit businesses using the alias “Adam Smith” for a New Jersey based company, HDI Consultants. Under the contempt order, which stemmed from his violation of a Feb, 18, 2010 court order, Tymkovich was required to pay $160,000.

  12. LOIS STANLEY
    LOIS STANLEY said on October 18th, 2010 at 9:29 am

    On August 11th of this year Ty contacted me about selling our business, (after he scammed us). He said he had a new buyer, very interested. After a couple of exchasnges, that I expressed my doubt of his honesty, he got very abbusive. He called me an ass hole, and said he was no differnt than the Washington politions. It was a couple of weeks later that I learned they had revoked his brokerage licence. I am sure he thought we were so dumb the first time he could scam us a second. I hope he rots in hell for all the pain he has caused people.

  13. rockhead
    rockhead said on December 16th, 2011 at 10:12 am

    I was recently contacted by a Chris Jones representing Corporate Acquisitions.
    He has a purchaser for my timeshare. Does anyone have any knowledge of these people??

  14. Thor said on January 2nd, 2012 at 10:21 am

    From what I can tel, he is with Sunbelt Business Brokers out of MN. If that is the guy, Sunbelt is a reputable company. With that said, business sale/purchase companies often tell people they have buyers waiting with cash in hand when they actually have a list of people who might be interested if the right opportunity came up…

  15. […] might remember that I wrote a post about a business I was trying to find an investor for through Corporate Acquisitions Group.  The one year anniversary of that business listing is coming up on the 25th of March, and my […]

  16. Corporate Acquisition Group Issues Valuation Refund said on July 16th, 2009 at 8:01 am

    […] 6th, 2009 Over the past two months I have made some posts talking about Ty Tymkovich and Corporate Acquisitions Group. Corporate Acquisitions Group finds investors for businesses and I listed one of my companies with […]

  17. […] name is Thor Schrock and I listed one of my businesses for sale with Ty Tymkovich and his company, Corporate Acquisitions Group in Colorado about 18 months ago. Ty Tymkovich – The […]

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