• Report: #377755

Complaint Review: Atlantic Capital Resource Center

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  • Submitted: Wed, October 01, 2008
  • Updated: Mon, October 20, 2008

  • Reported By:Seattle Washington
Atlantic Capital Resource Center
32 Nassau Street New York, New York U.S.A.
  • Phone: 888-3335188
  • Web:
  • Category: Loans

Atlantic Capital Resource Center It is a scam! No loans provided, they steal your money! New York New York

*Consumer Comment: Similar Name Notice

*Consumer Comment: Be 100% before you name names

*Author of original report: Some hope?

*Consumer Comment: We're all S.O.L.

*Consumer Comment: Unfortunately

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My story is exactly the same as the rest of these stories!!! I applied for a personal loan for debt consolidation online and was contacted by David Taylor of Atlantic Capital Resource Center the next day. Mr. Taylor told me that I had been "fully" approved for a $5,000.00 loan provided by a private lender. He then sent me the loan package and agreement which stated that I either had to make an "insurance payment" of $900.00 or pre-pay the first 7 months of payments totalling $708.00. I did not have the money to send him (thus, why I needed the loan) so I asked him if the lender would accept a partial payment and he said yes. I then sent a money gram in the amount of $450.00 (plus $35 money gram fee) and confirmed receipt with Mr. Taylor who told me I would receive my funds in 24 hours. When this did not happen I call Mr. Taylor who informed me that the lender approved the partial payment but that the insurance company would not, so if I wanted to receive my funds I would have to send another $300 (plus $25 money gram fee) and then the funds would be released within 6 hours; I foolishly promtly sent the money. By the next afternoon the money still had not arrived and I was unable to reach Mr. David Taylor at all so I called customer service and was told that my account had been transfered to there department and Tracy Emerson was now in charge of my file. Mrs. Emerson informed me that the reason my loan had not funded was because I still needed to pay the $400 processing and administrative fees to them (not the lender). I told her that I was never told about these fees and wanted my money back. Mrs. Emerson then informed me that I would be charged these fees for their time regardless of if I actually got the loan through them but once I paid it, my loan would be funded within 4 hours because everything was all set up to fund in the system. I again foolishly sent them another $400 (plus $35 money gram fee)via money gram and of course the money never showed up in my account and I was unable to reach anyone in the entire company until the following monday when I was informed that money gram system had gone down and they were unable to confirm may payment... by the time they were able to confirm and receive my payment, my loan had "timed out" and the funds were no longer available. I was then told by Mrs. Emerson that I would be fully refunded the entire amount I had sent, plus money gram fees, plus $200 severance (over $1,300). It has been over 4 weeks and I have received nothing and now their phone number does not work, it just says "goodbye".

I just want my money back!!! These people are all crooks who steal from those that don't have anything to spare!!!! I have filed a complaint with WA State Attorney Generals Office and I have been asigned an account number... Does anyone know of any other avenues to get my money back?

I have saved every money gram receipt, loan documents, fax confirmation, and email correspondence!

Please help!

Elizabeths
Seattle, Washington
U.S.A.

This report was posted on Ripoff Report on 10/01/2008 03:57 PM and is a permanent record located here: http://www.ripoffreport.com/r/Atlantic-Capital-Resource-Center/New-York-New-York-10005/Atlantic-Capital-Resource-Center-It-is-a-scam-No-loans-provided-they-steal-your-money-N-377755. 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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#1 Consumer Comment

Similar Name Notice

AUTHOR: J. Anthony - (U.S.A.)

*****NOTICE***** *****NOTICE***** *****NOTICE*****

Our company, ATLANTIC CAPITAL RESOURCES, LLC has just recently learned from:

(a) Ripoff Reports ## 377755, 376761, 370852, 370089 and 370806 on www.ripoffreport.com; and

(b) Complaint filed with the Attorney General's Office of the State of Washington (File 324883)

that a company called ATLANTIC CAPITAL RESOURCES CENTER (or ATLANTIC CAPITAL RESOURCES CENTER, LLC) has allegedly been perpetrating possible fraud and possible scams in connection with loan applications from individuals.

Please NOTE that our company, ATLANTIC CAPITAL RESOURCES, LLC is NOT and HAS NEVER BEEN, in any manner, associated, affilated or connected with ATLANTIC CAPITAL RESOURCES CENTER (or ATLANTIC CAPITAL RESOURCES CENTER, LLC) which the above complaint was filed against.

ATLANTIC CAPITAL RESOURCES, LLC also understands that ATLANTIC CAPITAL RESOURCES CENTER (or ATLANTIC CAPITAL RESOURCES CENTER, LLC) may have offices in Seattle in addition to New York City.

ATLANTIC CAPITAL RESOURCES, LLC has an office in New York City and consults on commercial deals only, not individual loan applications.

ATLANTIC CAPITAL RESOURCES, LLC has filed letters explaining the above with the Attorney General's Office of the State of Washington, the Attorney General's Office of the State of New York and has also inserted a notice on its website. We have already considered changing our name because of this unfortunate similarity of name and set of circumstances.

There has already been some confusion and some damage in the public concerning our company and sincerely hope that the proper authorities apprehend the offenders and pursue any and all remedies against Atlantic Capital Resources Center or Atlantic Capital Resources Center, LLC if the above alleagtions are deemed to be accurate by said proper authorities.

Please keep the above information in mind if anyone files any additional reports or complaints.

Thank you,

Management of ATLANTIC CAPITAL RESOURCES, LLC
ACR

New York, New York
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#2 Consumer Comment

Be 100% before you name names

AUTHOR: Kristin J. - (U.S.A.)

I reviewed the website provided for Atlantic Capital Resources, LLC, and I don't see the similarities between that website and the falsified ones associated with ACRC and it's array of alias websites/companies. First signal is the layout and wording itself---no match with ACRC site. Second, they have listed contact phone and fax numbers, which isn't anywhere on ACRC website. And third, their address is mailable per the USPS (which the ACRC address definitely was not). I guess time will tell since their info was forwarded to the authorities. I'm hopeful, but at this point, after being out nearly $2000, I'm not expecting much.

Thanks for the info though. :)
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#3 Author of original report

Some hope?

AUTHOR: Elizabeths - (U.S.A.)

I found another alias that this company just started using Atlantic Capital Resouces, LLC... their phone number is 212-537-9192, it currently works. They will tell you that they are not the same company but if you go to their website http://atlanticcapitalfunds.com/home.html you will see that they structured the exact same way. I have sent this information to the FBI as well as they local law enforcement agencies. If I can't get my money back, I am going to badger them until I feel better about getting ripped off! I have also been in contact with several different investigative report news teams that are working hard to catch these cons!

Atlanta Guy - you are probably one of them! Who else would go around and take the time to harrass people who have been ripped off? Was it smart to send our money to these people? Absolutely not... but they only thing that any victim on this page is guilty of, is trusting human beings too much... giving people too much credit and assuming that the world revolves around the same moral compass... So Atlanta Guy, or should I say Capital Atlanta Guy Resouce Center - blow me!
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#4 Consumer Comment

We're all S.O.L.

AUTHOR: Kristin J. - (U.S.A.)

Unfortunately, there's no way for us to get our money back. Atlantic Capital Resource Center is actually a group of con artists out of Canada. I've filed all reports and done all I can, but it's bleak that I'll get my nearly $2000 back.

I wish I had some positive news for you.
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#5 Consumer Comment

Unfortunately

AUTHOR: Atlanta Guy - (U.S.A.)

There is no help for you. You sent your money to scammers in a foreign country, who use phony addresses and disposible phones. It is gone forever. There is nothing anyone can do about it. No lender EVER requires money up front for a personal loan. NEVER. Do yourself a favor and wise up. Stop falling for scams.
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