• Report: #726366

Complaint Review: Accelerated Lending Group Inc.

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  • Submitted: Fri, May 06, 2011
  • Updated: Sat, November 10, 2012

  • Reported By: Brian Trahan — Lehi Utah United States of America
Accelerated Lending Group Inc.
4400 Northcorp Parkway Suite 223 Palm Beach Gardens, Florida United States of America

Accelerated Lending Group Inc. Sean Morrison tried to take me for a due diligence fee of $14,700 and a feasibility report fee of $38,500 but refused to get me a loan or issue a refund. Palm Beach Gardens, Florida

*Author of original report: Proof is now Sean Morrison's jail time for this!

*Consumer Comment: Warning!

*Consumer Comment: The ironic part

*Author of original report: Ok Morrison

*Consumer Comment: Prove it!

*Author of original report: More Lies from Morrison

*REBUTTAL Owner of company: Accelerated Lending Group, Inc.

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Sean Morrison started with me on Feb 22 2011. That's when I paid him my due diligence fee. A month went by before I heard from them again. I called weekly, emailed daily and no replies. I wanted a 100% financing through JV partnering and he said he could do it. After a month of him telling me there was nothing missing from my documents and the loan would go through he said everything I sent him was needing to be redone. A few weeks later he says I pass in house due diligence and he orders a feasibility study that cost $38,500. He originally told me the due diligence fee was covering everything. Then when I got that bill he says there is even more for the appraisal and travel expenses. Then he tells me he can only do 70% of the loan. I told him I needed a 100% loan or a refund and he refused both. Said it was my fault the loan didn't go through at 100% even though I did everything he asked me to. [continued below]....
..... 

He is always sick and in the hospital but according to Lindsay and the other 1 person he works with he is on the phone or in a meeting. It's all lies though as I found out. He threatens you with vulgar language and is very VERY unprofessional. Hangs up on you, won't let you speak when you get him on the phone. I had to file a complaint with the BBB and also the FL State Attorney Generals office. They told me to file another complaint with the florida financial bureau. His feasibility study group is ADDS and they even think he is on drugs. He has lost investors because of his lack of communication and also drug use. He has felony charges against him in Miami Dade County. 

Good luck with him. you can contact me via www.crycle.com if you want to.

Brian T

This report was posted on Ripoff Report on 05/06/2011 07:40 AM and is a permanent record located here: http://www.ripoffreport.com/r/Accelerated-Lending-Group-Inc/Palm-Beach-Gardens-Florida-33410/Accelerated-Lending-Group-Inc-Sean-Morrison-tried-to-take-me-for-a-due-diligence-fee-of--726366. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
3Author 3Consumer 1Employee/Owner
Updates & Rebuttals

#1 Author of original report

Proof is now Sean Morrison's jail time for this!

AUTHOR: Brian Trahan - ()

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#2 Consumer Comment

Warning!

AUTHOR: Done Been Had - (United States of America)

Watch out for this guy.

Beats his wife (((link redacted))), claims to be a huge developer, will take your money, lie to you and revert to childish antics- aka hahaha. 

The poor wife he beats, DeAnn Trahan and the poor kids that have to watch him beat his wife, Joshua ****, Jessica **** and Jenna ****, all who live in fear at ****, Lehi UT 84043

This guy keeps making claims but has proven zero. Claims he closed the loan at 100% financing with SBA, his most recent quote:

"I was able to find a real company willing to build 7 facilities a year and each one, I get 850K up front on because I am the developer! (do the math...850,000*7 is a lot of dough for one years income...plus profit!) On top of that, I get 20% ownership of each. They pay the bill for 2 years so I have time to save money."

Well chief, which one is it? Sad, sad case.

Brian K. Trahan
www.crycle.com
brian@crycle.com
801-227-4944
281-652-8944
832-429-8195

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#3 Consumer Comment

The ironic part

AUTHOR: Done Been Had - (United States of America)

This guy keeps making claims but has proven zero.

Claims he closed the loan at 100% financing with SBA, his most recent quote:

"I was able to find a real company willing to build 7 facilities a year and each one, I get 850K up front on because I am the developer! (do the math...850,000*7 is a lot of dough for one years income...plus profit!) On top of that, I get 20%
ownership of each. They pay the bill for 2 years so I have time to save money."

Well chief, which one is it?
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#4 Author of original report

Ok Morrison

AUTHOR: Brian Trahan - (United States of America)

Why don't you show them all the Feasibility cover letter I sent you. I won't show any Morrison anything else. Anyone wants to see it feel free to give me an email address. Obviously you didn't know the situation quiteamused. I got a financial backer while I was talking with Sean and he told me not to use him because it would be a waste. I used him to fund the down payment so now instead of giving Morrison 30% ownership I gave it to him. I am more than happy to show what I have to anyone but not you you criminal. You lie and tell everyone that no agency has contacted you, how about my emails proving it? You tell them all I'm broke and threaten me non-stop for calling you out. What about the 15 people I have that are all filing a class action law suit against your dumb ignorant white trash scamming self? What about the others you threaten and try to extort?  

quiteamused you posted before and I called you an ignorant idiot then too...if you don't know the facts, don't post. I wouldn't go by what Morrison is showing you. He's doing all he can to stay in the scamming business!!! I have so many others that have been scammed by him and wrote it off...well, I won't post anymore, if you want to look at them find my contact info on another site or send me a reply from the email Sean sent you that you say he asked to move forward. I'm more than happy to show it but not to him. He's worthless and I would love to see ANY papers from ANYONE that he has closed business with! I won't waste any more time on him except with the legal agencies now.
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#5 Consumer Comment

Prove it!

AUTHOR: quiteamused - (United States of America)

So Brian you're telling us that CBRE did a full feasibility study for $5500 and that you got SBA financing at 100% for aquisition and construction of a new storage facility with no money down no money in the bank and no construction or experience ever running a slef storage facility. You've called Mr Morrison out as a liar on many sites and on many occasions. I think you need to put up some proof of your statements regarding the above before we are to believe you about Mr Morrison.  Show the SBA loan commitment and show the feasibility study. I've seen an email from Morrison to you asking you to produice and he would move forward. As yet no report just more inflammatory posts by you. It's time you put up or shut up.
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#6 Author of original report

More Lies from Morrison

AUTHOR: Brian Trahan - (United States of America)

I have everything documented Sean...you can lie and I can prove you wrong. Everything you said is a lie so who ever wants to ask me can. (((ROR REDACTED))) will give you my information.

Also, if you weren't contacted why did you tell me you had to submit every thing they asked for? If you're not on drugs, what do you get from the hospital? 

Ask me and I will prove the lies from Morrison! Dates, income, emails, debt all lies. He's trying to prove himself right trying to make him look official and it's all lies...people can see through it Sean! All they have to do is ask me and I can prove it unlike you!!!


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#7 REBUTTAL Owner of company

Accelerated Lending Group, Inc.

AUTHOR: Accelerated Lending Group, Inc. - (United States of America)


I am only addressing this to point out the fact that people are accusing financial professionals of being scams and it could not be any further from the truth.

Regarding the alleged drug use, I do not use drugs.

Regarding the alleged arrests and felony- I have never been convicted of a felony and the only convictions I have are reckless driving.

I have owned the company for 4.5 years.  Visit justia.gov- type in my name or firm- the only litigation regarding myself was a case where I was forced to sue an ex employer for nonpayment and a case I ultimately won.  The FBI, Florida Office of Financial Regulation, attorneys or any other regulatory body have never sent my firm anything regarding any complaints. 

Regarding the hospital- 4/19, Palm Beach Gardens Medical
Center (ER) - saw Doctors R.S. McFarland and Neis S. Ozar.  4/29-Saw Dr. Jyoti B. Mohanty.  5/6- ER again.  Saw Doctors Da Huh Le, Sion W. Carter,
Richard J. Price and Manuel G. Martorell. 
5/11- ER again.  Saw Doctors Brian
J. Young and Jaime T. Snarski.  Diagnosis was heart palpitations, hypertension, shortness of breath, profuse perspiration, heart pains and chest pains. 
Let me tell you how much fun that was. Thankfully I now have a clean bill of health.

An LOI was issued to the client on February 4 for a loan amount of 4.1M dollars with an expiration date of 2/18.  Payment was received on 2/22, four days after the proposal expired. Mr. Trahan initially sent documents to my firm on February 3, 2011 at 3:01pm.  Additional documents were submitted on February 15, 18, 21, 23, March 8, 17, 21, 22, 27, 31 and April 5.  Client become confrontational with threats and asked for a refund on April 7.  On April 26, a purchase contract was submitted
(over 60 days after payment was received)-it was executed on 3/28 and expired on 4/25, the day before my firm received it. 
May 4, the client claimed they hired an attorney to sue my firm. On May 5, the client asked for a proposal to give to the seller.  Also on May 5, the client began posting false claims online.

The loan did not close for the following reasons-in 2008, client made $19,966 per tax returns, 2009 was $10,883 and 2010 client reported $18,557.  Clients personal financial statement cash of $1,500 and credit card debt of $11,119.  No ability to repay 4.1M per tax returns and personal financial statement.  No executed construction quotes or agreements were provided, no permits or approvals to build from the city, no business plan, no appraisal, no feasibility study/viability report, no customers, no potential customers or marketing plan-absolutely zero ability to repay 4 plus millions dollars.  In short, the client paid my firm a fee to get a loan for him and he simply did not qualify due to an inability to repay and no confirmed exit strategy.  All of these documents were requested per the LOI and the client knew this yet still executed our proposal knowing he was not able to satisfy the terms, not the fault of ALGI that the client made false claims of being able to provide this
information.  The client has no documentation to support his claim and these posts are blatant libel and defamation.

The majority of clients I speak to claim they have been ripped off or scammed.  I am sure that there are scammers out there but as a client you must understand- millions of dollars are not given away for free.  If you cannot show an ability to repay a loan, you will not receive one. This goes the same for a car note, residential mortgage, or any other loan.  The days of giving away free money are over- hence the repercussions of it happening in the past and the global recession we are now in.  I will not address this or any other complaint publicly again but the facts must be brought to light for the sake of myself, my family and my company.  If you have a real project with a verifiable exit strategy you can contact me at smorrison@algiusa.com.
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