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Accepts Commitment Deposit and Then Defaults on Its Contractual Obligations

Fund: GreenHills Ventures

Posted by Anonymous on 2011-11-29

PUBLIC:

GreenHills solicited us as a potential funding candidate. GreenHills required and accepted a commitment deposit of several thousands of dollars. A long due diligence process was required which the company completed and submitted to GreenHills. GreenHills then began defaulting on its contractual obligations by not returning calls and emails and it became obvious after 15 months of not much going on that GreenHills accepted our money and basically left us holding the bag. GreenHills appears to practice this behavior on a regular basis from what we have seen posted on this site.

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