Www.stockholderloan.com
2070 Business Center Drive Suite 160
Irvine California 92612
U.S.A.
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stockholderloan.com Deceptive Stock Loan Company Advertising Lies and Operating Illegally Irvine California
2Author
0Consumer
2Employee/Owner
This company is run by one Tony Gentile, who decided one day that he would put up a website loaded with falsehoods to try to make his company seem as if it is as legitimate as established companies like Emerging Money Corporation and HedgeLender or larger companies offering stock loans through credit unions.
His lies include the statement that his stock loan company has been in business for "two decades". This is patently false. His website has not even been up for 2 years.
He puts up a list of phony "testimonials" that Gentile himself wrote, all praising his crooked enterprise. None of the individuals exist.
He operates his company in California without a Finance Lender's License, which is required of every individual brokering or offering financial services, including loans, in the state of California, even though he operates from and gives his address as California.
Gentile takes individuals' stocks and dumps them on the open market by selling them, causing the price to drop, then he gives a portion of the sale to the "borrower" - and has the nerve to charge him interest. He then pockets the difference between the stock value and "LTV" of his crooked loan.
This individual has also touted his loan as "tax free" - and the IRS has been alerted. He spends a lot on Google Adwords because his company is so new that it cannot place for any organic (natural) search results under key words like "stock loan".
We hope that this disgusting company will be put out of business and people will be protected from victimizing any more clients. Let us hope that enough people are alerted to this con artist soon.
Reporter999
New York, New York
U.S.A.
Click Here to read other Ripoff Reports on Www stockholderloan com
REBUTTALS & REPLIES:
2Author
0Consumer
2Employee/Owner
Updates & Rebuttals
#1 Update By Author
AUTHOR: Reporter999 - Philadelphia (U.S.A.)
SUBMITTED: Wednesday, September 24, 2008
POSTED: Thursday, September 25, 2008
Remove names of HedgeLender and Emerging Money. Should not be in this report.
#2 Employee
AUTHOR: Mark - Sugar Land (U.S.A.)
SUBMITTED: Thursday, November 06, 2008
POSTED: Thursday, November 06, 2008
My apologies to “Reporter 999”, as it appears that he has a bad experience with stock loans. My name is Mark LaCour, and I am one of the managing partners of www.stockholderloan.com. I would like to start some dialogue with this dissatisfied person in order to understand and address their concerns. Unfortunately it appears that “Reporter 999” has not listed their contact info...
So in the interest of customer service please contact me at mark@stockholderloan.com. I would be happy to be contacted by the media, a consumer advocate, lawyer or government authority to help answer “Reporter 999” concerns. I think it would be great if we could do this in a transparent and public forum on this website, so that all could review our investigation into “Reporter 999” and his financial history.
We are a full service company with a reputation of doing fair and ethical business. We refuse to hide behind aliases, and our contact information is on our website (www.stockholderloan.com) for all to see. We are accredited by the Better Business Bureau, with an “AA” rating, and immediately investigate and address all complaints.
In these difficult economic times we must turn down some stock loans because it simply does not make good business sense. We have family and employees to support, and have an obligation to only do deals that work for all involved. Usually when this happens the person that is being turned down is disappointed, and often a stock loan was his last ditch effort. People in that stressful a monetary situation often lash out in anger. But this type of groundless dribble only hurts others, so I demand that “Reporter 999” provide some proof of his acquisitions in this forum.
Regardless we wish nothing but the best for “Reporter 999”, and hope to hear from him soon!
#3 Employee
AUTHOR: Mark - Sugar Land (U.S.A.)
SUBMITTED: Tuesday, November 11, 2008
POSTED: Tuesday, November 11, 2008
It's been one week and we still have not heard back from “Reporter 999". Please contact us so that we can better understand your issues, and address your concerns.
Best regards,
www.stockholderloan.com
