Results 1 to 17 of 17
-
10-04-2016, 03:27 AM #1
- Join Date
- Oct 2016
- Posts
- 26
fraud alert Hudson capital solutions/Lorenso Dennis
Good evening,
Hope you are doing great. I just wanted to warn you about this company. I recently helped a Client obtain a loan and the broker I sent the deal to stiffed me for my commission. He first lied and said he was waiting on payment so he can send me my portion. After a week the money never came so i called the lender that funded the deal and they told me they paid the commission a week ago. When I confronted the broker i told him I knew he was paid, he stuttered and said he would call me back. Minuets later he called and said he took my money and spent it, he said He would pay me back with in a week. Now it's been 4 weeks and no one answers my calls. I called the CFO of that company and he does not take my calls or returns my Voice mails or emails. I have a 11 year old daughter that has Aspergers and she has been teased at school, she just started middle school and the teasing has stopped and she is doing very well in school and I was planning to use that commission to take her out for all the hard work she has done and get some tutoring. Please forward this email to other finance professionals so others don't get screwed like I did. Spread the word, help me put an end to crooks like his company.
The person who screwed me over is Lorenso Dennis and the company is called Hudson Capital Solutions address 878 Pompton Ave suite B2, Cedar Grove, NJ 07009. The CFO of that company is Joseph Gerstel and I have suspicion he is also involved since both are avoiding my calls. Help me put a stop to this, who knows how many other people they have done this to.
Luis Urena
-
10-04-2016, 09:07 AM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Very sorry to hear of your experience with this individual and company. If this is true it is totally unacceptable. There is no excuse for dishonesty. My best wishes to your daughter.
-
10-04-2016, 09:30 AM #3
- Join Date
- Aug 2014
- Posts
- 194
fraud alert Hudson capital solutions/Lorenso Dennis
PM your info, your daughter deserves some fun for her hardwork.
-
10-04-2016, 10:04 AM #4
- Join Date
- Oct 2016
- Posts
- 26
fraud alert Hudson capital solutions/Lorenso Dennis
I have been in the finance industry for about 9 years and this is the first time this has happened to me. I have helped hundreds of people in need and have got them the financing they need. This deal I closed was tough like most deals, when I refer lenders business I don't just give a number and name, I am involved in the deal and help out. This sucks!! Times were tough and it was a slow month and I could have used that money. If your are a parents you know that your kids are your everything and I just wanted to treat my daughter for doing so good in school.
-
10-04-2016, 10:36 AM #5
- Join Date
- Nov 2013
- Posts
- 600
Sorry to hear your unfortunate luck with said broker. Do you have an ISO agreement?
Assuming you have an agreement that stipulates when and how much commissions should be paid you do have a legal platform to fight this out. Some attorneys could work on a contingency fee assuming this broker has some assets thats worth going after or at least leverage a payout that includes attorney fees and treble damages.
Again, look over your ISO agreement and read the items regarding handling of commissions and arbitration etc
Best wishes and good luck
-
10-04-2016, 10:43 AM #6
- Join Date
- Oct 2016
- Posts
- 25
That sounds horrible, I'm very sorry this happened to you. But as other have said.
Don't let these people take you for a fool. If you have an ISO agreement, talk to your company and see if they'll help you pursue a case. Drain them of every single penny they have. These people are what's wrong with the industry.
-
10-04-2016, 10:49 AM #7
- Join Date
- Oct 2016
- Posts
- 26
fraud alert Hudson capital solutions/Lorenso Dennis
Yes I have a iso agreement and I have been calling and emailing them everyday. Thanks for looking at my post, and yes this kind of people put a bad name on our industry. They ruin it for us honest workers.
-
10-04-2016, 10:56 AM #8
Yes there are a lot of scum people on this earth.
I would suggest to copy/paste your post onto www.ripoffreport.com so when other people research them they will see what true pieces of trash they really are.
-
10-04-2016, 10:59 AM #9
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
-
10-04-2016, 11:40 AM #10
- Join Date
- Oct 2016
- Posts
- 26
fraud alert Hudson capital solutions/Lorenso Dennis
After weeks of lies and lies and fake promises, he just text me back and said he will pay me a small portion of the total by Thursday this week. I fell for that trick 3 times already. I gave him more time then any one would and time after time he lies. I even told him after he game me the bad news that I'll work with him and he could pay me in a month but needed some amount weekly. Then I try to call the CEO and that guy won't take my calls or text me back. They are both on it. Because of these 2 jerks I'm in a financial hole. I told him I needed my money and guess what he replied with... "I'm leaving the industry have a nice life"
-
10-04-2016, 11:49 AM #11
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
-
10-05-2016, 07:33 AM #12
- Join Date
- Jun 2015
- Posts
- 3,326
Who was the actual lender ? I have helped people in your situation by putting pressure on the lender to put pressure on the ISO
-
10-05-2016, 01:00 PM #13
- Join Date
- Oct 2016
- Posts
- 26
fraud alert Hudson capital solutions/Lorenso Dennis
The lender was Knight Capital Funding
-
10-06-2016, 04:54 PM #14
-
10-06-2016, 05:25 PM #15
it is schmucks like this that give everyone a bad name. It is why more deals are not co-brokered and you dont see more cooperation between offices... So many more deals would get done and everyone would make more money if people weren't low life animals who look to make an extra buck by stepping on other people
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
-
10-06-2016, 05:49 PM #16
- Join Date
- Oct 2016
- Posts
- 26
fraud alert Hudson capital solutions/Lorenso Dennis
We are all on the same boat to help people and provide a better life for our families. It just sucks that people this company that did this to me exist and don't care what they do for greed.
-
10-12-2016, 11:17 PM #17
- Join Date
- Oct 2015
- Location
- NYC
- Posts
- 35
Make sure you get his government name 100% correct because this thread will ultimately give you the last laugh. When another perspective employer does their Googles on this guy, I'm pretty sure this thread will pop up in the search results. They will see he's a shady person and nobody will want to work with him. .He sounds like a real bottom feeder. I wish more of the lying scheming brokers that backdoor deals, as well as their employers that turn the other cheek end up broke. As an independent broker who has been in the MCA space since 07' nothing boils my blood more than hearing this type of BS. The amount he took from you will be small change now that his reputation is available for anyone and everyone to see.
Similar Threads
-
Fraud Alert!!
By Triton in forum Business LoansReplies: 5Last Post: 11-21-2016, 06:07 PM -
Eid App Lab - Hatem Eid - FRAUD ALERT
By Lexgroup in forum Everything elseReplies: 11Last Post: 02-11-2016, 11:59 AM -
Fraud alert
By WhoisKingsley in forum Everything elseReplies: 3Last Post: 10-08-2015, 05:23 PM