Public Mediation

M C vs. Silosmashers

SiloSmashers has stolen my 401(k) money and won't give it to me

M. C. vs. Silosmashers
12001 Sunrise Valley Dr Ste 202, Reston, Virginia, 20191-3455, United States
    • Status: In Negotiation
      This claim has posted for public comment and negotiation. It will remain posted until resolved to the claimant's satisfaction. Suggest a resolution to help these parties reach a settlement.
      (seeking public comment)
    • Claimant Seeks: View.
    • Claim #: 7188408
    • Amount Involved: 4,026,000.00
    • Filed On: Jun 15, 2020
    • Posted On: Jun 26, 2020
    • Complaint(s):
      • Contract / Agreement dispute
      • Bad business practices
      • Circumvention of rights
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Statement of Claim
Claimant says:
"I sent in my signed 401(k) redemption form in October 2019 to Angela Drummond, President, of SiloSmashers. She was supposed to sign it and send it to Newport Group, fund manager, so I could redeem my 401(k), valued at the time to be $26,000. Silosmashers has refused to sign the form. ( I have proof they received it.)
They have STOLEN my 401(k). Any Virginia attorney firm: let's sue for $10M in damages."
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Additional Communication Between Claimant and Silosmashers Hide
  • Jun 30, 2020, SiloSmashers (responding party) added:
  • SiloSmashers has no receipt of the form and needs the form to be resent. Ms. Copeland may have sent it however it has been lost and cannot be found. Human error along the way. SiloSmashers moved from 2201 Cooperative Way in June 2019. SiloSmashers along with their 401K provider wants to release the funds but needs the form to be resent. Ms. Copeland has been advised about the form needing to be resent by DOL and our 401K provider customer service and legal counsel and refuses to do so. Ms. Copeland could send the form directly to our 401K provider who would forward to SiloSmashers for signature. Ms. Copeland is putting SiloSmashers reputation at risk with posts such as this as well as other posts in social media. SiloSmashers will be sending this case to their legal counsel if this matter is not resolved and Ms. Copeland does not cease and desist.

  • Jun 30, 2020, Claiming party added:
  • Copeland has proof form WAS sent to SiloSmashers in October 2019. This story will be appalling to "60 Minutes" viewers, the four states attorney generals I copied, my senators and the public at large. SiloSmashers will also be held accountable by DOL, IRS and Newport Group (funds holder) will also be sued for collusion, corruption and conspiracy.

    Release my money NOW or pay millions in damages with my counter-suit. Any company holding a person's 401(k) should be forced out of business. I'm not responsible for their "human error along the way" and losing not one but TWO copies sent to TWO different people at the company. It's not human error: it's conspiracy, collusion, and corruption. It's fraud. It's theft. It's PRISON time for those responsible for this theft which, I believe, is a felony. SiloSmashers has put SiloSmashers reputation at risk!

What Claimant Wants Hide
1. Payment due: 401(k) Jun 15, 2020 $26,000.00
2. Damages: Damages for stealing 401(k) Jun 15, 2020 $2,000,000.00
3. Recovery of Losses: Stealing my 401(k) Jun 15, 2020 $2,000,000.00
4. Other – Copy claim to regulators Jun 15, 2020 $14.99
5. Other – Pay for claim posting cost Jun 15, 2020 $14.99
6. Other – Physical delivery charges Jun 15, 2020 $4.99
Cash total : $4,026,034.97
  • 0
Do you agree with the claimant’s demands?  (If you are a party to this claim, click here.)
Awaiting response from Party
J Petaluma commented
J Petaluma (Comment):
"Is the Department of Labor your employer? If so, have you talked to the person in charge of employee investments? This seems like gross incompetence to me."
 (2 years ago)

Respondent's Counteroffer

There has been no response to this claim from SiloSmashers. This claim will remain posted until resolved
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  • Contributed Solution: by Sophie Blythe On 07-01-2020
    SiloSmashers should courier over the paperwork, a very sincere apology, and a generous Visa gift card or check to make up for being jerks. More...
If you are a party to this claim, click here.
Is this a fair resolution?
  • 6
  • Contributed Solution: by George Maxwell On 06-30-2020
    SiloSmashers has written probably one of the worst company responses I've ever read. More...
If you are a party to this claim, click here.
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