Check Scams, Debt Collection scams and other financial scams.
#386228 by Carlabanker Mon May 20, 2019 6:14 am
Scammer and time waster with a fanciful financial opportunity.


Commercial Loan Consultant at Business Funding Solutions

Compounding Trade – Program Now Available

Overview Terms:

• 1M Min, no Max •USD or EUR (RMB allowed, if profits are paid in USD or EUR)
• Principal NEVER put at risk• Funds stay in Client's account at all times
• Trade duration 1 yr and 1 month •Combination of compounding principal and monthly return
• Because of the compounding of principal, the monetary value of the monthly return component increases every month, too
• Profits paid monthly + there is a lump-sum payment of compounded principal at end of tradeProgram.

Procedures:
• Option 1: MT 199 Proof of Funds (POF) and will request Blocked Funds letter, triggering 50% LTV on Trader's Credit Line and generating Cumulative Return of about 5.8x Net to Client, after all fees.
• Option 2: Client sets up a client acct at Trader's Private Wealth Management Bank via AAA rated Corresponding Bank, triggering 100% LTV on Trader's Credit Line and generating a Cumulative Return of about 43x Net to Client, after all fees.
• Profits paid to whatever bank the Client wants, as per Client instructions to Platform Paymaster
• Trade can be renewed for over 10 years without having to re-apply
Fees:
• 5% Intermediary Fee (1 existing person direct to compliance officer + any other working intermediaries) covered by Irrevocable Profit Sharing Agreement, to be lodged.
Application Procedures:
• Must submit completed KYC with 2 Bank Officer signatures in blue ink and 2 Bank Officer business cards
• Compliance Officer will review terms directly with client using detailed Spreadsheet
• Client will be given Bank Confirmation Letter for Bank to complete (if Client chooses Option 1) or invitation link to open account at Trader's Private Wealth Management Bank (if Clients chooses Option 2) after call with Compliance Officer Closing
Procedures:
• Client receives Investment Agreement after submitting Bank Confirmation Letter (if Client chooses Option 1) or invitation link to open account at Trader's Bank (if Clients chooses Option2)
• If Client chooses Option 1, the Trading begins after MT 199 POF and Blocked Funds Letter is executed and confirmed

• If Client chooses Option 2, the Trading begins after funds have been transferred to Client's account at Trader's Bank (this happens faster than Option 1)
• Time from Application Date to Trade Date can be 2 to 3 weeks, but files are currently being fast-tracked.

This Program Overview is not coming from the Platform and is not to be construed as a solicitation nor investment offering. This program can close at any time and without advance notice.

Contact: [email protected] - [email protected]
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#386258 by Terminator5 Mon May 20, 2019 5:18 pm
"Business Funding Solutions" at "businessfundingsolutionsinc.com" . There is absolutely nothing on the website to indicate where the business is located. There is a phone number. "877-587-5345" . Additionally the website is registered with privacy protection, so we get no help there.

Google searching "877-587-5345" we do find adverts here where they claim a location in Florida:


https://www.nocomo.org/loans/listing/a5 ... e1ffd4398/

Address:
6574 N State Road 7, Coconut Creek, FL 33073

877-587-5345

http://www.businessfundingsolutionsinc.com/

********************************************************************

https://us-business.info/directory/coco ... #id3259698


Address
6574 N. State Road 7
City, Region, ZIPCoconut Creek, FL, 33073Phone
(954) 614-0373

Business category
Bad Credit Loans
Business category
Bad Credit Personal Loans
Business category
Title Loans
Site
http://www.businessfundingsolutionsinc.com

********************************************************************




Google searching "6574 N State Road 7, Coconut Creek, FL 33073" we find that this is the address of UPS Store and requires a suite number to be a valid deliverable address. Which in my opinion amounts to a fake address.


Reverse Searching "6574 N State Road 7, Coconut Creek, FL 33073" on white pages we find quite a few tenants listed at that address but "Business Funding Solutions" is not listed as a tenant .


https://www.whitepages.com/address/6574 ... zUfw90U9Zi


**********************************************************************


There is a company by that name registered in Florida USA, but the address on that registration does not match the Companies claimed UPS Store Address.

http://search.sunbiz.org/Inquiry/Corpor ... rch/ByName



**********************************************************************



Searching the "Florida Office of Financial Regulation" website for "Business Funding Solutions" no such entity is found . Searching under "Steven Richman" we get a hit on a denied application .

https://real.flofr.com/datamart/searchByName.do

Last Name: Richman
First Name: Steven

Status

RICHMAN, STEVEN LEE
Loan Originator
Application Denied Technical



That means that neither "Business Funding Solutions" nor "Steven Richman" are authorized by the State of Florida to originate Loans.





I definitely wouldn't do business with them!!


Possibly Stolen Identity? or Unauthorized Operating Business?

Blackmail / Extortion / Sextortion . Anonymous Victim Assistance .
http://www.connectsafely.org/faq-on-sexting-and-sextortion/

Reporting Blackmail / Sextortion Scams and Fake Drug Purchase Blackmail Scams
https://www.ic3.gov/default.aspx

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