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08-27-2018, 03:05 PM #1
- Join Date
- Mar 2018
- Posts
- 42
ATTENTION to my fellow Direct funder's!!
Velocity Capital Group (VCG) received a deal where the app from one of our super iso's had "QC Financial" on the app.
Note that this is FRAUD!! This iso puts their DBA on real businesses, and once the deal is funded they will leave the business high and dry with the funds missing.
https://www.qcfinancial.info/about2. The Top left lady in the website is the same person on the Drivers license we received.
Be careful out there!!!
Good luck!
President & CEO
Jay Avigdor
M: 833.VCG.FUND
P: 718.564.6535
F: 718.744.2858
E: jay@velocitycg.com
W: www.velocitycg.comLast edited by Velocity Capital Group; 06-05-2024 at 11:45 AM.
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08-27-2018, 03:33 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
so the ISO is fraud ?
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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08-27-2018, 04:26 PM #3
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- Mar 2018
- Posts
- 42
Correct.... As well merchant.
Merchant is the same as the iso..
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08-27-2018, 04:27 PM #4
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- Mar 2017
- Location
- Nunya
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- 830
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08-27-2018, 04:41 PM #5
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- May 2018
- Posts
- 40
I wonder who has a high default ratio....Asian ISO's or Asian Merchants?
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08-27-2018, 04:43 PM #6
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- Oct 2016
- Posts
- 4,318
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08-27-2018, 04:45 PM #7
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- Oct 2016
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- 4,318
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08-27-2018, 04:51 PM #8
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- Jun 2017
- Posts
- 2,049
Hmmmmmm. The logistics of this - does not add up. Fundamentally.... it can't happen.
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08-27-2018, 04:55 PM #9Karen37aGuest
I love that he said "super iso"...super iso my arse lol
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08-27-2018, 05:11 PM #10
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- Mar 2018
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- 42
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08-27-2018, 05:14 PM #11Karen37aGuest
https://dailyfunder.com/showthread.p...737#post101737
When you sign on the newbie ISOs this way ( doc u sign iso agreement pasted on the DF) ...you are only going to get the low bottom of the barrel
Be prepared for massive defaults, stacks and more fraudLast edited by Karen37a; 08-27-2018 at 05:19 PM.
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08-27-2018, 05:30 PM #12Karen37aGuest
This is why people see all different types of deals...different quality isos and merchants
There are no shortcuts
The shortcuts = massive stacks bad deals and fraud
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08-27-2018, 06:08 PM #13
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- Mar 2018
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- 42
Thanks for your wisdom.
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08-27-2018, 06:09 PM #14
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08-27-2018, 06:54 PM #15
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- Oct 2016
- Posts
- 4,318
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08-27-2018, 07:54 PM #16
- Join Date
- Mar 2018
- Posts
- 42
The merchant has an iso website which we caught before funding. They put themselves on the app with a sepperate number and different info.
They have a website that brings on merchants, and they use their personal information and add their own dba to the business and will then leave the actual merchant dry.
By them adding the dba to the real Business, this makes funders think they actually own the business as sos will show them on the dba, and legal paperwork.
Here is the website.
https://www.qcfinancial.info/about2
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08-28-2018, 01:01 PM #17
- Join Date
- Feb 2018
- Posts
- 1,349
how much did they try and get funded out of curiosity
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08-28-2018, 09:11 PM #18
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- Mar 2018
- Posts
- 42
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08-29-2018, 07:49 AM #19Karen37aGuest
Get them arrested
if they did all that...its wire fraud
Seems like a lot of work to go to, to get the illegal money
Why not just find 200k in deals and renew it once or 400 500...1 million
__
Look at this crazy article
This guy hacked into wells fargo accounts somehow for 300k
https://www.nbcconnecticut.com/news/...491886341.html
*This is also why I believe in the live Isos systems with competent brokers vs online automatic applications. Sometimes Isos get to know their clients/ merchantsLast edited by Karen37a; 08-29-2018 at 08:39 AM. Reason: add*
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08-29-2018, 11:01 AM #20
- Join Date
- Jan 2016
- Posts
- 50
Their business office https://www.google.com/maps/place/23...!4d-97.7311252
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08-29-2018, 11:28 AM #21
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- Oct 2016
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- 4,318
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08-29-2018, 11:32 AM #22Karen37aGuest
That's a basement Iso
All the cars are probably their brokers...as they make more money their cars improve, they turn into BMWs, Mercedes etc LOL then they are repossessed.
That's where the term "boiler room" came from
they were in the basement next to the "boiler/heater" not in a physical office
Add* its ok to have a home based business but what the fk are you doing in your house with 5-10 brokers...go get a physical space..first clue something is wrongLast edited by Karen37a; 08-29-2018 at 11:39 AM.
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08-29-2018, 11:44 AM #23Karen37aGuest
Actually. I bet that old lady Ceo is the guys Grandmother and they just put her name on the iso as CEO
this is the part when I am saying
"You are so low you throw your grandmother under the bus"
Make sure she is not in a nursing home
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08-29-2018, 11:46 AM #24
- Join Date
- Jun 2015
- Posts
- 3,326
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08-29-2018, 11:48 AM #25Karen37aGuest
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