[fundor]

...

[WestCoastFunding]

Beware, Funded a large deal and nothing is in yet 35 days later. Not saying they wont pay but travelling and on a plane constantly seems a little odd. certainly concerned and wanted to warn the public here first.

35 days without a commission? I would be blasting these guys nonstop.

[RickyR3712]

35 days without a commission? I would be blasting these guys nonstop.

So fundor were they a scam or not?

[mikem]

So fundor were they a scam or not?

I was involved with this deal. I was working on it with Fundor through Syd.

Syd is not a TOTAL scam. He pays commissions when he feels like it. On this deal he didn't pay one red cent. It was a very large commission.

I do not believe that Syd is a funder. He has sent us some contracts on his paper but somehow it always gets "killed by funding" for some BS reason.

Bottom line is he received a large commission that was supposed to come to us and he's been stalling for a month and half now.

Lastly, he works off another ISO's platform. That ISO is on this forum as well. That ISO is assisting him with this. I do not want to publicize his name just yet. Figured I"ll give him a SHORT while to resolve.

Get the popcorn out.

[RickyR3712]

I was involved with this deal. I was working on it with Fundor through Syd.

Syd is not a TOTAL scam. He pays commissions when he feels like it. On this deal he didn't pay one red cent. It was a very large commission.

I do not believe that Syd is a funder. He has sent us some contracts on his paper but somehow it always gets "killed by funding" for some BS reason.

Bottom line is he received a large commission that was supposed to come to us and he's been stalling for a month and half now.

Lastly, he works off another ISO's platform. That ISO is on this forum as well. That ISO is assisting him with this. I do not want to publicize his name just yet. Figured I"ll give him a SHORT while to resolve.

Get the popcorn out.

Thank you for the update Mikem. To confirm an iso sent it to an iso who sent it to an iso, who may or may not have sent it to another iso. Does not really surprise me that someone is getting screwed here. Fundor you obviously have no clue what you are doing and need to start looking for a job in a different industry. It amazes me how people like fundor are able to be in this industry.
I feel bad for the merchant on how many credit pulls he must have got from filling out one app.
Syd I can understand if you are getting screwed from some other iso that you can not pay this iso. Also, be careful that if you do pay mikem that fundor will not also come after you for the money.

[mikem]

Thank you for the update Mikem. To confirm an iso sent it to an iso who sent it to an iso, who may or may not have sent it to another iso. Does not really surprise me that someone is getting screwed here. Fundor you obviously have no clue what you are doing and need to start looking for a job in a different industry. It amazes me how people like fundor are able to be in this industry.
I feel bad for the merchant on how many credit pulls he must have got from filling out one app.
Syd I can understand if you are getting screwed from some other iso that you can not pay this iso. Also, be careful that if you do pay mikem that fundor will not also come after you for the money.

I don't believe there is any issue in co-brokering a deal. Fact is we monetize a nice amount of dead files for our ISO's . The ISO that got paid (and we know he got paid) works very close with Syd. He's not stiffing him. If Syd pays Mikem, Mikem pays Fundor, it's really that simple. We are not MCA scum. We don't think that having a few people on a deal means those people shouldn't get paid. We've done it for tougher deals many times successfully.

[RickyR3712]

[QUOTE=mikem;80864]I don't believe there is any issue in co-brokering a deal. Fact is we monetize a nice amount of dead files for our ISO's . The ISO that got paid (and we know he got paid) works very close with Syd. He's not stiffing him. If Syd pays Mikem, Mikem pays Fundor, it's really that simple. We are not MCA scum. We don't think that having a few people on a deal means those people shouldn't get paid. We've done it for tougher deals many times successfully.[/QUO
I do not think there is any issue in co brokering with an iso that is better connected. I have used someone on this forum to help do a land deal which i knew nothing about.
case that will be OK is fundor sends to mikem who funds it with lender. Lender pays mikem who takes a cut and then pays fundor.
case that happened and is BAD is fundor sends to mikem who sends to syd who sends to another iso who then funds it with a lender. Chances are that since the middle iso had no clue they were sending it to other iso, they sent it all out to a bunch of people also.
Please tell me the one who funded the high risk deal was yellowstone ,knight ,mantis or some other well known funder. I will not be able to stop laughing for days.

[mikem]

As the originating ISO on this deal, I can confirm the above info as all true, and have just about run out of patience. The holy sh*t part is about to hit this wall very soon.

Was all this just erased lol? Sean whats the deal? Dont you want to help weed out crooks? If they are paying you I"ll pay double...

[admin]

Was all this just erased lol? Sean whats the deal? Dont you want to help weed out crooks? If they are paying you I"ll pay double...

I think you should keep your issues between your attorneys

[Stippt]

I think you should keep your issues between your attorneys

Are you saying an issue such as this one has not been brought to this forum before?

[mikem]

I think you should keep your issues between your attorneys

LOL...I dont but why dont we ask the community?

[Stippt]

Was all this just erased lol? Sean whats the deal? Dont you want to help weed out crooks? If they are paying you I"ll pay double...

Maybe Sean needs to know what we know about these guys BESIDES stiffing ISOs on commissions.

[fundor]

So fundor were they a scam or not?

Unlike those who are making up details about this situation. I am in it and I know for a fact that them having experience playing a "shell" game where one hand submits the deal and the other hand gets paid is not a new trick but is not such an easy one to prove and sue for.
I strongly advise to beware of being fooled by anything. I am in the business 10 years plus. I have been around. My rep was lazy and apparently made a very big mistake working this deal the way he did. yes he funded it sideways. but he did fund it.
Cost us 70k in Revenue. I will live.
We tried to negotiate with these sociopaths to no avail. I am sure it will be gossip around your holiday tables. Unfortunately, this industry attracts those who are looking for "an easy score" without needing a license. If it required a license to do what we do which i would gladly petition for I'm sure we would lose 25% of the industry. Including these bums who steal from grandma to line their pockets. I guarantee when you find out who you are really dealing with-You will run for the hills or do worse to these pieces of trash.
I wish for them only what they have coming to them.

[WestCoastFunding]

This Syd Capital guy sure as hell had a lot of mouth when we tried vetting him because we were skeptical. Looks like we were right to be skeptical.

What person did you deal with directly over there?