RiverDave
In it to win it
- Joined
- Sep 13, 2007
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The following is what I have personally witnessed at OCM, and are my opinions only. They should be construed as nothing more then opinions of what I observed. As with everything there are three sides to every story. This is mine.
Tim at OCM absolutely did NOT honor the terms of the agreement, or the extension of the agreement that him and the seller agreed upon.
The seller was to write a letter clearly stating there was no liens on the boat or trailer per Tim's request. The seller performed that task on the night of the August the 18th. Tim was to wire transfer the funds in the amount of 59,174 into the sellers bank account the following day (the 19th). The seller actually wrote a follow up e-mail saying there is zero chance Tim would wire the money and he would have an excuse.
On the 19th I received a phone call from Tim and his Lawyer citing a variety of reasons why they could not and would not wire the funds that day. Everything from the Patriot act, to funds having to be moved from a private account to a numbered account with OCM to make the transfer and it would take a day.
The seller agreed to wait yet another day for his money to be wired, along with a "I told you so" directed at me.
The following day Tim texted a "screen shot" to both myself and the seller that appeared to be the information required to complete a wire transfer.
This was followed up by another screen shot of an e-mail that was sent to Tim from Chase bank. This e-mail is displayed below.
In the body of the e-mail you can see that it clearly says "Wire Template Activated." Tim also texted what he called a "confirmation #" to the seller as proof that the wire had been sent per the requirements of their agreement.
The seller spent all day driving back and forth from Bank of America to Chase to try to see if the Funds had posted. I feel terrible that he did that based upon my word that Tim had indeed (or so I believed at the time) sent the wire and it was just a matter of time, before it posted.
I spent my entire afternoon at OCM listening to Tim make phone calls to try and verify that the funds had posted. To try and get a Federal # to track the wire transfer. Ultimately coming away from the three hour experience with no proof that could be confirmed or denied that a wire had actually been sent by Chase.
I asked Tim to login to his bank account and show proof that the funds had been removed. He declined stating that his wife was unaware of this situation and he didn't want to involve her, and it took both of them to login into this personal account.
If you remember in the beginning of this story, the lawyer the day before had just given me a complete dissertation as to why they couldn't provide a wire, because it was out of a personal account and not the correct business account. Strangely the next day the wire was supposedly in fact coming from this very same personal account that it couldn't come from the day before.
Sadly a quick google search tonight of "Wire Template Activated" brought up Chase's banking website, and from what I am lead to believe after reading the step by step instructions of the wire transfer process (complete with screen shots). The confirmation # that Tim had sent as "proof" is not a confirmation # at all.
https://chaseonline.chase.com/resources/Wire_Recipient_Template_Help_Guide.pdf
When you start the process of a wire transfer Chase will e-mail you a code securely to your e-mail account to verify that it is the correct person logging into your bank account. You have to enter that code to proceed to the second step. That code is what was texted to the seller, and the code is absolutely worthless to anyone else, which is why nobody at Chase could use the number to look up the wire transfer.
It is now the 21st and quite simply there are no funds. There was a Fed wire # sent over this morning. The seller tried to confirm with the bank all morning a wire had been sent but to no avail. The seller came all the way to lake Havasu today and they called the federal reserve only, IN THE SELLERS WORDS, to be told "there is no transaction pending anywhere in the federal wire with the dollar amount of 59,174.00".
The seller is now at the police station with Tim McDonald. I am at OCM and I will not move five feet from the DCM v drive until it is hooked to my truck.
What I witnessed yesterday at OCM was (in my uneducated opinion) borderline pathological (for lack of a better description). There would be one logical explanation after the next as to why these seemingly simple tasks could not get done. Each explanation building off the last, and using the previous for the basis of the next. None of them from the first to the last do I believe to be true on any level at this point.
The kicker being I have a friend who's boat was also sold at OCM recently. Tim has claimed to have mailed him a check over a week ago (standard mail for a 40,000.00 check no less). Everyday this seller is told "Well it should show up today." Needless to say afte the check not showing up the next line is "Well let me put a stop payment on that check, and when the bank verifies that, we will Fed Ex you a new check." Understanding of course that the bank can take days to put a stop payment on a check.
My friend was also supposed to get his funds "no matter what" on the 19th. I told him to have Tim get a cashiers check and have it on his desk, and I personally would pick it up and Fed Ex it to him. When he asked for that to happen Tim declined the offer and according to my friend Kurt was told "Dave doesn't work for OCM, and is not the owner of the boat so he can't release the funds to someone him." (Paraphrasing of course)
Of Course Tim would be happy to Fed Ex a check himself. Tim claimed that his wife had gone to the bank to generate a cashiers check, and then swung by Fed Ex on her way back to the shop. He even went so far as to provide my friend a Fed Ex tracking number and said he could track it in the morning.
My friend is a very intelligent individual so I'm not quite sure how the hell he doesn't know how Fed Ex works.. But needless to say if something is in their possession you can track it from the word go. The instant they point that little scanner at it it's in their system and you can look it up online and see if it's on the truck, if it's at their facility, which hub it will be at, and follow it all the way to your door. The Fed Ex number was tracked, and needless to say it came up invalid. I suspect the number that was sent to my friend came from the Fed Ex shipping label that was sitting on Tim's desk, and he plans to send it "soon" but certainly not on the 20th (which bear in mind I am writing this in the evening of the 20th), as he very clearly told my friend, and myself several times to myself throughout the course of the afternoon.
* Note that Fed Ex Envelope was shipped today by an Employee of OCM this morning the 21st. The contents of it are unknown at this point.
The thing that weighs on me the most is a comment that Tim made twice in the last two days. He casually said in conversation "I really like what I do for a living, I like this building, and I love this town but maybe it's time.." Strangely yesterday afternoon right before I left his wife casually mentioned the exact same thing in conversation.
Between the funds supposedly coming out of personal accounts, and three mentions in two days of "hanging it up" it has left me with some very dark theories about what is probably going to happen next. If for some reason that LLC gets run into the ground, and the private accounts are isolated from the LLC, and you factor in talk of moving on. Well you don't need a road map to figure out what I'm thinking there.
About the time you will read this, will be about 30 seconds after I have removed my interests from OCM. Once Dan Sr's v-drive is hooked up to my truck I will move this thread to the public section of RDP, I will be leaving this parking lot, and I can promise you I will never be returning to this place under the moniker OCM for any reason.
To have someone look you straight in the face and flat out lie about so many things is beyond disturbing to me and as I said before I can only describe it as pathological. I gave Tim the benefit of the doubt because of previous referrals, and previous business that I arranged in him buying three boats off Dan Sr. We have gone out and had beers on several occasions, and I have always enjoyed Tim / Ruby and their company. I can tell you without equivocation though that there is some seriously twisted shit going on over there now.. Whatever was good in this place has long since left, and I believe it to be a sinking ship, and sinking fast.
At this point I am hoping that 29'Commander and my buddy get paid on their boats, but I don't expect it will happen without legal pressure at a minimum.
RD
Tim at OCM absolutely did NOT honor the terms of the agreement, or the extension of the agreement that him and the seller agreed upon.
The seller was to write a letter clearly stating there was no liens on the boat or trailer per Tim's request. The seller performed that task on the night of the August the 18th. Tim was to wire transfer the funds in the amount of 59,174 into the sellers bank account the following day (the 19th). The seller actually wrote a follow up e-mail saying there is zero chance Tim would wire the money and he would have an excuse.
On the 19th I received a phone call from Tim and his Lawyer citing a variety of reasons why they could not and would not wire the funds that day. Everything from the Patriot act, to funds having to be moved from a private account to a numbered account with OCM to make the transfer and it would take a day.
The seller agreed to wait yet another day for his money to be wired, along with a "I told you so" directed at me.
The following day Tim texted a "screen shot" to both myself and the seller that appeared to be the information required to complete a wire transfer.
This was followed up by another screen shot of an e-mail that was sent to Tim from Chase bank. This e-mail is displayed below.
In the body of the e-mail you can see that it clearly says "Wire Template Activated." Tim also texted what he called a "confirmation #" to the seller as proof that the wire had been sent per the requirements of their agreement.
The seller spent all day driving back and forth from Bank of America to Chase to try to see if the Funds had posted. I feel terrible that he did that based upon my word that Tim had indeed (or so I believed at the time) sent the wire and it was just a matter of time, before it posted.
I spent my entire afternoon at OCM listening to Tim make phone calls to try and verify that the funds had posted. To try and get a Federal # to track the wire transfer. Ultimately coming away from the three hour experience with no proof that could be confirmed or denied that a wire had actually been sent by Chase.
I asked Tim to login to his bank account and show proof that the funds had been removed. He declined stating that his wife was unaware of this situation and he didn't want to involve her, and it took both of them to login into this personal account.
If you remember in the beginning of this story, the lawyer the day before had just given me a complete dissertation as to why they couldn't provide a wire, because it was out of a personal account and not the correct business account. Strangely the next day the wire was supposedly in fact coming from this very same personal account that it couldn't come from the day before.
Sadly a quick google search tonight of "Wire Template Activated" brought up Chase's banking website, and from what I am lead to believe after reading the step by step instructions of the wire transfer process (complete with screen shots). The confirmation # that Tim had sent as "proof" is not a confirmation # at all.
https://chaseonline.chase.com/resources/Wire_Recipient_Template_Help_Guide.pdf
When you start the process of a wire transfer Chase will e-mail you a code securely to your e-mail account to verify that it is the correct person logging into your bank account. You have to enter that code to proceed to the second step. That code is what was texted to the seller, and the code is absolutely worthless to anyone else, which is why nobody at Chase could use the number to look up the wire transfer.
It is now the 21st and quite simply there are no funds. There was a Fed wire # sent over this morning. The seller tried to confirm with the bank all morning a wire had been sent but to no avail. The seller came all the way to lake Havasu today and they called the federal reserve only, IN THE SELLERS WORDS, to be told "there is no transaction pending anywhere in the federal wire with the dollar amount of 59,174.00".
The seller is now at the police station with Tim McDonald. I am at OCM and I will not move five feet from the DCM v drive until it is hooked to my truck.
What I witnessed yesterday at OCM was (in my uneducated opinion) borderline pathological (for lack of a better description). There would be one logical explanation after the next as to why these seemingly simple tasks could not get done. Each explanation building off the last, and using the previous for the basis of the next. None of them from the first to the last do I believe to be true on any level at this point.
The kicker being I have a friend who's boat was also sold at OCM recently. Tim has claimed to have mailed him a check over a week ago (standard mail for a 40,000.00 check no less). Everyday this seller is told "Well it should show up today." Needless to say afte the check not showing up the next line is "Well let me put a stop payment on that check, and when the bank verifies that, we will Fed Ex you a new check." Understanding of course that the bank can take days to put a stop payment on a check.
My friend was also supposed to get his funds "no matter what" on the 19th. I told him to have Tim get a cashiers check and have it on his desk, and I personally would pick it up and Fed Ex it to him. When he asked for that to happen Tim declined the offer and according to my friend Kurt was told "Dave doesn't work for OCM, and is not the owner of the boat so he can't release the funds to someone him." (Paraphrasing of course)
Of Course Tim would be happy to Fed Ex a check himself. Tim claimed that his wife had gone to the bank to generate a cashiers check, and then swung by Fed Ex on her way back to the shop. He even went so far as to provide my friend a Fed Ex tracking number and said he could track it in the morning.
My friend is a very intelligent individual so I'm not quite sure how the hell he doesn't know how Fed Ex works.. But needless to say if something is in their possession you can track it from the word go. The instant they point that little scanner at it it's in their system and you can look it up online and see if it's on the truck, if it's at their facility, which hub it will be at, and follow it all the way to your door. The Fed Ex number was tracked, and needless to say it came up invalid. I suspect the number that was sent to my friend came from the Fed Ex shipping label that was sitting on Tim's desk, and he plans to send it "soon" but certainly not on the 20th (which bear in mind I am writing this in the evening of the 20th), as he very clearly told my friend, and myself several times to myself throughout the course of the afternoon.
* Note that Fed Ex Envelope was shipped today by an Employee of OCM this morning the 21st. The contents of it are unknown at this point.
The thing that weighs on me the most is a comment that Tim made twice in the last two days. He casually said in conversation "I really like what I do for a living, I like this building, and I love this town but maybe it's time.." Strangely yesterday afternoon right before I left his wife casually mentioned the exact same thing in conversation.
Between the funds supposedly coming out of personal accounts, and three mentions in two days of "hanging it up" it has left me with some very dark theories about what is probably going to happen next. If for some reason that LLC gets run into the ground, and the private accounts are isolated from the LLC, and you factor in talk of moving on. Well you don't need a road map to figure out what I'm thinking there.
About the time you will read this, will be about 30 seconds after I have removed my interests from OCM. Once Dan Sr's v-drive is hooked up to my truck I will move this thread to the public section of RDP, I will be leaving this parking lot, and I can promise you I will never be returning to this place under the moniker OCM for any reason.
To have someone look you straight in the face and flat out lie about so many things is beyond disturbing to me and as I said before I can only describe it as pathological. I gave Tim the benefit of the doubt because of previous referrals, and previous business that I arranged in him buying three boats off Dan Sr. We have gone out and had beers on several occasions, and I have always enjoyed Tim / Ruby and their company. I can tell you without equivocation though that there is some seriously twisted shit going on over there now.. Whatever was good in this place has long since left, and I believe it to be a sinking ship, and sinking fast.
At this point I am hoping that 29'Commander and my buddy get paid on their boats, but I don't expect it will happen without legal pressure at a minimum.
RD
