This is Charles Demes. My services are not at all related to debt collection; nor is this a scam. By law, a debt collection agency must disclose up-front that they are attempting to collect a debt. Our company is NOT a debt collection agency. There are two other companies (Capital Recovery Corporation and Capital Recovery Collection Solutions) that are debt collection agencies, but we are not affiliated with these companies. We are a legitimate asset recovery company and have received an “A” rating (the highest awarded) from the Chicago Better Business Bureau (http://www.bbb.org/chicago/business-reviews/f ... ago-il-86001836).
With respect to scams, scams are based on money up-front. My proposal is based on a contingency which means our fee is extracted from the recovered funds. We are only paid if we are successful in recovering the funds for the beneficiary.
My company locates unclaimed assets, e.g., inheritances. These are moneys that were never recovered by an individual because they either did not know the money existed or because they passed away (and I am therefore trying to contact next of kin). If you doubt my claims, you can get references from some of the thousands of clients for whom I have helped recover money over the 20 years I have been in the business. My company is also a member of the Chicago Better Business Bureau--a watchdog organization that screens companies for exactly the types of scams you are worried about.
If I, or anyone from my company, have ever contacted you it is because we have found a legitimate asset that you (or your family) have legal claim to. We charge a fee that covers finding the asset, finding the individuals who can legally claim the asset (which can take months of work), and legally processing the claim in this highly specialized field to win these cases so the money goes to our clients and not the many creditors that can also lay claim to these funds. Each case can take months or years of work, but in the end, you and your family get a check for the agreed upon amount. If we cannot secure the money for whatever reason, we don't get paid. In other words, if you don't get paid, we don't get paid. Please contact us if you have any further questions about our services, or visit our website www.capitalrecoveryllc.com
Thank you.
This reeks of a typical bait and switch or basic scam. Many of the positive posts are surprisngly short on details but state he "Did what he promised" never something specific like he "found my HUD money" or "found $36,500 in inheritance" which begs the question why anyone would be so thankful but not care to mention what he actually did which is the same patter on his web page. When someone is not clear about what they really do or how much they actually charge it is a good bet that they are being unclear because they don't want you to understand and i would also be very skeptical of so many posts that lack any concrete numbers or examples - sort of like the psychics who always claim your long lost relative "just wants to let you know they're OK" but never let you know anything really specific like where that lost inheritance is hidden!
Do some research on his company "Capital Recovery Inc." He's got an F rating from the BBB because of some 19 complaints. Do not do business with this guy. If money is owed to you, you can usually find it by checking with government agencies and doing Google searches. Best of luck to you.
Hi everyone, thought I'd clarify some things given that I just went through this process....
I received a call from Charles Demes and thought it sounded fishy. I did some internet research and found out that there are several companies that go by "Capital Recovery." Some are collection agencies, but Capital Recovery, LLC--Charles Demes DID get an "A" rating from the BBB (maybe the previous post was related to another Capital Recovery that got an F rating, but this is not Mr. Demes' company). Anyway, given the confusion, I was still wary. Mr. Demes faxed the contract and I decided to show it to my cousin who is a lawyer, so I faxed it to him. My cousin said the contract was legitimate, so I signed it (why not? It was no cost to me). I did get a check in the mail for a little over $11,000.00. (it took a bit longer than I thought--about 6 weeks). It was related to an inheritance issue (kindof complicated--the rightful heirs died and I was next of kin twice removed or something). Anyway, several of you asked for more info, so since I just went through it, here is some details. The way it worked was that when they got the contract, they called me to confirm that I was actually related to the heirs. Once it was confirmed they sent it to a lawyer who had to go to court. After that I didn't hear anything for awhile. I called and they told me that it was going though the trail process and to be patient. Several weeks later I got a check with detailed information about my case (like he promised). Everyone at Capital Recovery was responsive. I had no obligations to Mr. Demes or Capital Recovery once I got the check (just a check, no more papers to sign or anything). Simple, I know but that is what happened. I encourage you to do your homework, but do the RIGHT homework. Start with the Better Business Bureau website and type his name directly. Show the contract to a lawyer if you can. If it is Mr. Demes, he is legit.
I'm a 70 year old retired grandmother , and I thought I knew everything about my family. It turns out I didn't. Charles Demes contacted me and told me I had an inheritance coming to me, and that we would recover it for me. I was very skeptical at first, but after seeing that his company Capital Recovery was a member of the BBB and had an A rating, and after consultation with my husband, I decided to sign the papers. It turns out that my brother who died several years ago had some money that no one knew about.This turned out not to be very surprising after all, as my brother was a very private person who didn't talk about his finances with me or anyone else in our family. Because I was the last surviving sibling of my family, and my brother was never married and had no children, I was entitled to inherit that money. I would have never received it without Charles Demes help. I am happy that I decided to become a client of Capital Recovery, and I would suggest that people give Charles a chance to help them. It was a very positive experience all around, and I am using those recovered funds to take my grandkids on a family vacation to Florida this winter