Newport Oil Corp.

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Category: Business & Finances

Contact Information
Clearwater, Florida, United States

Newport Oil Corp. Reviews

Duped by the Gleichowski's July 8, 2010
Misuse of funds for Research & Development
The company was represented to me by one of the investing partners as a way for my husband and I to invest. After researching and reveiwing the Recomplletion Project report and checking to confirm it was an operating comapny, we gave money to the representative, Daniel Gleichowski, to invest in this company. We questioned why we received no verification that the funds were invested in R&D only to be told he (Daniel) had that covered. After two checks on returns from the investment delivered from Daniel's personal checking account and not Newport Oil account, we began to question Daniel on as to why they weren't coming in our names. Now after some "side stepping" from Daniel and calling Newport Oil - we find out Daniel used our money, with acceptance of the owner of Newport (from what Daniel said), to pay his personal bills and personal income tax obligations. We have contacted Daniel to return all our money and he's telling us that he can't because it's all gone. Our money was used to pay ahead on his personal residence and personal expenses without even letting us know.

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