- Report: #778900
Report - Rebuttal - Arbitrate
Complaint Review: BorrowBest - Midtown Capital Group
BorrowBest - Midtown Capital Group5296 South Commerce Drive ~ Suite 102 Salt Lake city, Utah United States of America
BorrowBest - Midtown Capital Group Borrow-Best, Midtown Capital High fees for doing nothing and individuals associated with previous stock ponzi scheme company Salt Lake city, Utah
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Hedge Lender's principals owned half of Midtown Capital Group, David Borish's previous company. Mark Stevens sent out many emails saying he was the Marketing Director for this company.
Borish teamed up with people in Utah to start a new company called "Borrow Best" so people would not ask about his past.
Today, Borish, Stevens and others are charging huge fees to people who want stock loans form them. They are NOT doing anything for this. They are getting paid by their "lenders" - maybe illegally because they are not licensed as far as I can tell from their website. They do nothing. They don't represent the client. They take huge fees up to 5% of the loan amounts and nobody has to pay for this.
There are other companies that do not charge these fees for doing nothing. Look them up and save yourself a lot of money. Do it yourself.
Borrow Best will not disclose their history of involvement with a company accused of fraud. The refuse to disclose this and this should be enough to tell you do not undertake ANY loan with these people. They are not honest and do you want to pay these people for this?
Changing their name to BorrowBest is just smoke and mirrors. Be smart. Stay far, far away from these people no matter what they say. The SEC will be checking them out soon and you don't want your loan involved in that. Buyer beware!!
This report was posted on Ripoff Report on 09/20/2011 07:39 AM and is a permanent record located here: http://www.ripoffreport.com/r/BorrowBest-Midtown-Capital-Group/Salt-Lake-city-Utah-84107/BorrowBest-Midtown-Capital-Group-Borrow-Best-Midtown-Capital-High-fees-for-doing-nothin-778900. 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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