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  • Report: #592980

Complaint Review: Accelerated Lending Inc.

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  • Submitted: Tue, April 13, 2010
  • Updated: Sat, November 10, 2012

  • Reported By: Mark Lee — Balderson Ontario Canada
Accelerated Lending Inc.
Florida Orlando, Florida United States of America

Accelerated Lending Inc. Sean Morrison Tries to take $20$K due diligence fees - total ripoff. Took me for $7500US ,unbelieveably current wareabouts unknown Orlando , Florida

*Consumer Comment: Warning!

*Consumer Comment: Do not be fooled

*Consumer Comment: Laughable

*Consumer Comment: More Lies from Morrison

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

*Consumer Comment: I was ripped off by Sean Morrison too (ALGI)

*Consumer Comment: Sean Morrison

*Consumer Comment: Sean Morrison

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This company is a ripoff and so is Sean Morrison.I sent them money to come to Canada to see my project and they were a total scam. Sean has medical problem probalby addiction. Do not send any money to this scamm artist. Call me any time to discuss his wherabouts etc. 613-xxx-xxxx ((((REDACTED))) Canada


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This report was posted on Ripoff Report on 04/13/2010 05:38 PM and is a permanent record located here: http://www.ripoffreport.com/r/Accelerated-Lending-Inc/Orlando-Florida-/Accelerated-Lending-Inc-Sean-Morrison-Tries-to-take-20K-due-diligence-fees-total-ripo-592980. 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:
0Author 7Consumer 1Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Warning!

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

Watch out for this guy.

Beats his wife (((email 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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#2 Consumer Comment

Do not be fooled

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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#3 Consumer Comment

Laughable

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

Watch out for this guy.

Beats his wife (http://www.mugshotsworld.com/BRIAN-KEVIN-TRAHAN), 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 T. Jenkins, Jessica A. Jenkins and Jenna A. Trahan, all who live in fear at 2232 Loch Lomond, Lehi UT 84043

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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#4 Consumer Comment

More Lies from Morrison

AUTHOR: Brian Trahan - (United States of America)

More lies Sean, just ask me I can prove it. He can't!!!! I have emails and file numbers from the agencies. I have all the proof and he is just trying to make himself look legit and right. Prove it, I can! Don't throw out fake dates, and numbers. If anyone wants to see the truth they can email me.
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#5 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 showed 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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#6 Consumer Comment

I was ripped off by Sean Morrison too (ALGI)

AUTHOR: Brian Trahan - (United States of America)

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. 

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 (((ROR REDACTED))) if you want to.

Brian T

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#7 Consumer Comment

Sean Morrison

AUTHOR: Tally-ho - (USA)

http://florida.arrests.org/Arrests/Sean_Morrison_4656029/

http://www2.miami-dadeclerk.com/CJIS/CaseSearch.aspx

Case # F06010398
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#8 Consumer Comment

Sean Morrison

AUTHOR: Guster - (Australia)

Could you please email me to discuss Acclerated Lending & Sean Morrison? I would be interested as I know of a few clients who are about to do business with him.


(((ROR redacted)))


 


Any help you could give me would be appreciated.


 

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