Results 26 to 50 of 129
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11-03-2021, 01:34 PM #26
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- Apr 2014
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- Chicago, IL
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- 185
Another example of why you don't need these guys fellas. Ryan is a liar and a cheat. Adam has given this guy 35 days to pay out what we verified he received. But now of course, he doesn't have bank access, but yet is still funding renewals, etc. What a load of crock!
I'm going to CC Splash reps on an email and post their replies here along with a very public inquiry. Either way the truth will come out. Your position that thousands of dollars in commission are suddenly missing even when we have Trace ID's and outgoing receipts to your bank account is BS. Mark my words, I'm not giving up until this matter is public and either Splash or SBL funding is exposed.
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11-03-2021, 01:48 PM #27
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- Jun 2017
- Posts
- 2,049
Funding is not going to stop based on Commission on another deal.
And, we aren't going to take money from peter to pay paul. If that was the case Adam would pay you out on the deal then collect on it. I'm literally in the same exact position as he is....
Unless I'm being lied to. Which I highly doubt.
Again, the situation, although not ideal, is what it is.
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11-03-2021, 01:55 PM #28
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- Jun 2017
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Your making Assumptions, an accusations, and we opened a New Account to continue funding. Rerouted ACH Processing, etc etc etc. Your linking 2 things that have nothing to do with each other together.... Bank Access and funding renewals. SO youd feel better had we not opened a new account to keep the ship moving???
It has become clear, you don't actually want to listen... Or have a rational unbiased intelligent outlook on anything...
You want to heave insults, and that's fine. Do you.
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11-03-2021, 02:11 PM #29
- Join Date
- Aug 2016
- Posts
- 831
How much money are we talking about? Just pay the guy from your personal account and get this over with.
Not worth the bad reputation or headaches this is giving you
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11-03-2021, 02:17 PM #30
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11-03-2021, 02:34 PM #31
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- Apr 2014
- Location
- Chicago, IL
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- 185
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11-03-2021, 02:36 PM #32
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
Here you go everyone. Direct email from Splash:
"Hi ***** what a horrible situation this has become. I really feel like they are trying to be paid twice here or they got themselves into a bad situation financially.
I already called Chase last week. There are no trace numbers for online ACH's. This is the confirmation that we have showing it is sent.
This is ridiculous on Ryan and SBL's part to blame anyone else. We gave everything and showed everything we can possibly have. Obviously I am more than happy to continue doing what we can as well.
We funded this deal on 9/29 for SBL. We have done business with Ryan previously and everything went smoothly. They requested we send this commission to a different account of theirs - which we did."
I have the ACH confirmation. Want me to share that with everyone too?
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11-03-2021, 02:48 PM #33
- Join Date
- Feb 2017
- Posts
- 3,433
I'm not taking sides here, trying to stay neutral. However, Splash has no right to write "This is ridiculous on Ryan and SBL's part to blame anyone else." They actually did not and have not blamed anyone else. They can say what they themselves have done, but the cannot judge or define what someone else did.
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11-03-2021, 02:57 PM #34
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- Jun 2017
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Last edited by ryan $; 11-03-2021 at 03:00 PM.
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11-03-2021, 02:59 PM #35
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- Apr 2014
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- Chicago, IL
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- 185
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11-03-2021, 03:06 PM #36
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- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
Behavior and attitude?
Dude you owe me my commission. Man up and get on the phone with SPlash with Adam on a 3 way and try to figure out what went wrong if you're serious.
All that I'm getting here are sorry excuses from a spineless sack of crap. Don't tell me about attitude.
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11-03-2021, 04:14 PM #37
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- Jan 2014
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- 1,375
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11-03-2021, 04:19 PM #38
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- Jun 2015
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- 3,325
ryan are you the owner or only a worker there ?
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11-03-2021, 04:40 PM #39
- Join Date
- Oct 2020
- Posts
- 92
I mean if you have funds available which you seem to as you resumed funding MAKE IT RIGHT. No one else should be responsible for your bank flagging your account. It just seems wrong for you to carry on with your funding. If this was me id be pissed as well.
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11-03-2021, 05:07 PM #40
Outsider looking in from a neutral standpoint, accounting wise you can't do that. Those may be funds tied strictly to funding. Furthermore, the whole situation sucks.
In regards to lost/missing money within ACH transactions on accounts that get frozen due to any form fraud committed or done to, especially in a reputable megabank, these things do take long. These are compliance, regulatory processes that can be extremely difficult.
Hope you guys figure it out.
Wish all sides the best.Last edited by BR-Nightmare; 11-03-2021 at 05:25 PM.
The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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11-03-2021, 05:28 PM #41
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
If it's your funds that you're funding with, you can do what you want. They're your funds!
If the funds are borrowed, then perhaps you have a point.
However, the issue isn't that the bank account is allegedly frozen. The issue is that there isn't any transparency into the process. Banks freeze accounts for a variety of reasons such as money laundering, terrorist activities, lying on federal funding applications, etc. Never have I heard anywhere of a bank freezing an account because of failed ACH or a reversal that's contested.
We can't validate his story. We haven't received anything but a MTD of an empty bank account. Banks don't just put accounts on fraud without correspondence. If a wire or an ACH was received after the account was frozen or closed, the bank can verify the deposit and even perhaps return it.
To put this in perspective, Splash is a company with far more capital. It took exactly 2 emails to get them to do a screenshare of their account and release to us the name of their banker to contact to verify that the ACH transaction from their bank did go out.
At the least, jump on the phone with Adam with a fraud specialist from your bank and ask them to explain to your ISO what's happening. It's been 30+ days since the dispersion of these funds and the minute we go public with the info with the intent to sue, somehow we're the jerks.
This whole thing is pretty fishy. Caveat emptor.
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11-03-2021, 05:36 PM #42
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- Aug 2016
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- 831
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11-03-2021, 05:39 PM #43
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- Aug 2016
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- 831
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11-03-2021, 06:02 PM #44
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- Jul 2021
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- New York City
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- 47
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11-03-2021, 07:15 PM #45
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- Oct 2020
- Posts
- 92
Valid point however we are talking a pretty small amount of money here so just pay it out of pocket until you resolve it with your bank. Splash is good for it money doesnt just disappear. Whole thing seems odd never had any dealings with SBL but even if i had done 1000 deals with no issues after seeing this thing play out i probably wouldnt fund with them again. Not trying to kick anyone while they are down but unless im missing something seems like bs.
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11-04-2021, 07:17 AM #46
I have no dog in this fight but I'm submitting a "friend of the forum" post to say that I also have had the exact same thing happen to me where a large commission was withheld even though the lender had already paid it. The excuse was the same: a bank account hack & freeze in the account (my) commissions were in. weeks went by but "their" problem was made "my" problem because they believed that screwing me would be more profitable than maintaining their own professional integrity. It's too bad some folks think like that; it makes it harder to do an already difficult job.
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11-04-2021, 09:46 AM #47
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- Jun 2017
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- 2,049
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11-04-2021, 10:28 AM #48
Just an observation, since this fiasco started and multiple posts have been made regarding the issue James has not commented on anything. He has provided no explanation, apology, defense, etc... Would be great if James would step up and at least reassure everyone that SBL owes money to that he will make things right...
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11-04-2021, 10:55 AM #49
- Join Date
- Feb 2017
- Posts
- 3,433
Ricky, the are not privy to the other side of the story. They can show them everything on their side, but they should not throw anyone under the bus. SBL has not blamed anyone else for the situation. I would really think that innocent until proven guilty beyond a shadow of a doubt would apply, but not on the internet. At least nobody's made a meme yet.....
Oh, wait never mind!
5syj9a.jpg
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11-04-2021, 12:10 PM #50
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