[Velocity Capital Group]

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.com

[mcaguru]

so the ISO is fraud ?

[Velocity Capital Group]

Correct.... As well merchant.

Merchant is the same as the iso..

[Nunya]

Correct.... As well merchant.

Merchant is the same as the iso..

Finkel is Einhorn? Einhorn is Finkel?

#lacesout

[Emoney]

I wonder who has a high default ratio....Asian ISO's or Asian Merchants?

[WestCoastFunding]

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

I mean, how does this get thru due diligence? How do the funds end up in the ISOs account?

[WestCoastFunding]

I wonder who has a high default ratio....Asian ISO's or Asian Merchants?

Interesting.

[ryan $]

Hmmmmmm. The logistics of this - does not add up. Fundamentally.... it can't happen.

[Karen37a]

I love that he said "super iso"...super iso my arse lol

[Velocity Capital Group]

Hmmmmmm. The logistics of this - does not add up. Fundamentally.... it can't happen.

The app shows the same phone number that our rep was going back and forth with. That same number is the nuber thats on the "ISO's Website, as well as the same that's the "CEO of the iso shop" And matches the Drivers license picture.

Very well done Fraud.

[Karen37a]

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 fraud

[Karen37a]

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

[Velocity Capital Group]

Thanks for your wisdom.

[Karen37a]

Thanks for your wisdom.

you are welcome...just sayin

[WestCoastFunding]

The app shows the same phone number that our rep was going back and forth with. That same number is the nuber thats on the "ISO's Website, as well as the same that's the "CEO of the iso shop" And matches the Drivers license picture.

Very well done Fraud.

How is this a well-done fraud? I’m still trying to get how the money ended up in the ISOs account.

[Velocity Capital Group]

How is this a well-done fraud? I’m still trying to get how the money ended up in the ISOs account.

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

[fundingsmbs]

how much did they try and get funded out of curiosity

[Velocity Capital Group]

how much did they try and get funded out of curiosity

Approved for 40K

[Karen37a]

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/ merchants

[NiceJewishBoy]

Their business office https://www.google.com/maps/place/23...!4d-97.7311252

[WestCoastFunding]

Their business office https://www.google.com/maps/place/23...!4d-97.7311252

Look at how the cars are parked on the street the wrong way. That whole neighborhood is lawless.

[Karen37a]

Look at how the cars are parked on the street the wrong way. That whole neighborhood is lawless.

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 wrong

[Karen37a]

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

[Michael I]

Look at how the cars are parked on the street the wrong way. That whole neighborhood is lawless.

who is going to scream at someone on a street called "love road" where is the love man

[Karen37a]

who is going to scream at someone on a street called "love road" where is the love man

me ...give me their phone number and ill call to see if Grandma exists

( remember i am 53...so I guess I am old too)