Salvatore Esposito - Joe Esposito - Blue Bay Advisors FMAFinancial.com - Financial Management Advisors is SAME scam as Blue Bay Advisors!!! Don't be fooled!! Orlando Florida

In response to this complaint, please allow me to provide the following facts:

This report was posted by a disgruntled employee that was fired for unethical sales practices. He has continued to post lies on this site in order to feel better about himself and his desperate situation.

Let me clarify -

FMA Financial is not owned by either Sal or Joe Esposito and operates with the complete backing of an Attorney! The person that authored this complaint obviously has a personal grudge against these persons and has fabricated lies...or is ABSOLUTELY confused. There are NO COMPLAINTS with the BBB for this company.

Timeshare Trader USA is fully operating and has no affiliation with FMA Financial. They are completely separate entities in two separate locations. Timeshare Trader USA is an advertising company that specializes in the Timeshare industry and publishes a magazine that is marketed in all major Timeshare cities. There are NO COMPLAINTS with the BBB for this company.

If you have any questions about this subject, please direct inquiries to Info@FMAFINANCIAL.COM.

Everything reported about this group is true. Read this story...

www.orlandosentinel.com/news/local/breakingnews/orl-bk-fraud-suit-021309,0,6688318.story

OrlandoSentinel.com
Florida Attorney General: Downtown Orlando company deceived distressed homeowners
Willoughby Mariano

Sentinel Staff Writer

2:22 PM EST, February 13, 2009

The state Attorney General's Office is filing suit against a downtown Orlando company saying they broke a law meant to save struggling homeowners from fraud, according to court a document released today.

Financial Management Advisors, a loan-modification company, charges up-front fees of up to $2,500 to troubled home owners looking for help escaping foreclosure, according to a court complaint released today. The problem is that state law bars companies from charging these fees, and the FMA isn't providing the services they promise, it states.

Luis Gonzalez, a lawyer for FMA, says the company helps people, and has never committed fraud. The under which they attorney general is suing them is new and ill-conceived, he added.

"They're barking up the wrong tree when it comes to FMA," Gonzalez said.

The company also claims to be connected with major mortgage lenders, including Fannie Mae, Countrywide Financial and Lending Tree, but do not have documentation to support their claim, according to the complaint. An advertised staff of "attorneys, accountants and expert negotiators" does not exist.

Gonzalez said that the company is new and was previously using general contractors. It now has a staff attorney.

The suit asks for a permanent injunction, restitution, civil penalties and litigation costs.

FMA is also known as FMA Servicing, Inc.

Company executives Edward Billings, Joseph Esposito and Salvatore Esposito, were also named in the suit.

FMA is based at 37 N. Orange Ave. suite 1010.

Copyright © 2009, Orlando Sentinel