• Report: #1012434

Complaint Review: Konkel Brokerage

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  • Submitted: Mon, February 11, 2013
  • Updated: Fri, February 22, 2013

  • Reported By: C86 — Somewhere Nova Scotia United States of America
Konkel Brokerage
267 Franklin Street Internet United States of America

Konkel Brokerage Brad Konkel, Frances King Loan Scam, Western Union and Chase Bank scams, Internet

*Consumer Comment: Refund

*Consumer Comment: NOT A SCAM

*Author of original report: No refund

*Author of original report: No refund

*Consumer Comment: refund

*Author of original report: Brad Konkel to offer refund

*Consumer Comment: KONKEL BROKERAGE NOT SCAM

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This Brad Konkel guy is really smoothe. Contacted me from a posting on Craigslist saying he was a broker for a collection of Venture Capitalists that funded all different types of loans etc.

This isn't the typical scammer here. His words were meticulous, spelling was top notch, grammer was excellent. He has a website with his picture and Brad Konkel is also listed on LinkedIn with the same photo and 3 business connections.

LinkedIn Profile states he is a Howard Graduate and several other fancy things. His website has testimonials where multiple people have been funded. One of the testimonials even reads that "I thought upfront fees were a scam, but Konkel Brokerage proved to me they were not, quick and easy etc"

It is all very convincing. Firs thing they ask for is you to sign an agreement, a Letter of Disbursement. This outlines how much your funding will be after you agree to pay the fee etc and is signed by both Brad and Frances, his venture capitalist for this particular transaction. Next is for you to pay the percentage of the loan as Brad's broker fee. Well actually half of the fee is due up front. In my case, $300. You need to Western Union it to his Venture Capitalist in Bonifay Florida though, Frances King. After that is done you are told the loan will be funded.

Not quite yet though. Afterwards, you are told suddenly the VC requires a MSRD payment be made to help ease their minds since this is an unsecured loan. It is a new requirement that Brad was unaware had gone into effect already. This fee is $500 again Western Union to Frances in Florida.

I suggested Escrow.com for both fees but that was not immediately shot down, I was later told they had many busy clients and not enough time to deal with that etc.

So after the MSRD is paid, then you are expecting your loan. Well then you have to complete a Pyschological Analysis Process, PAP that proves that you are a good person and will repay the loan.

What this entails is setting up a Chase bank account, sending them the information. They then deposit a set amount of money and you will withdraw it and send it back to them. This proves that you are legitimate and won't walk away with their money.

After this apparently you are supposed to get the loan. Thats as far as I got.

This report was posted on Ripoff Report on 02/11/2013 02:52 PM and is a permanent record located here: http://www.ripoffreport.com/r/Konkel-Brokerage/internet/Konkel-Brokerage-Brad-Konkel-Frances-King-Loan-Scam-Western-Union-and-Chase-Bank-scams-1012434. 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 4Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Refund

AUTHOR: T.S - ()

Unfortunately my boss was already scammed by this man. He went by the name of Ben keller but had a b.Konkel email address, i started putting 2 and 2 together but my boss had already been sucked in,I was too late. he was scammed out of 2 grand that we didnt have to begin with. he has a website with the same pic, keller brokerage. Its heart wrenching to be treated this way. My boss looks like hes going to have a heart attack any day..its awful. I WISH we could catch these people.    
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#2 Consumer Comment

NOT A SCAM

AUTHOR: T.S - ()

Tell me how this is not a scam ?? My boss just got scammed out of $2000.00 by this person !! 

Id like to know more info on your end. Unless maybe you are in cahoots with him ..?  
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#3 Author of original report

No refund

AUTHOR: CS86 - ()

Sorry to hear you were scammed as well. I tried to contact Brad back about a refund and he didn't respond for weeks. Finally I get an email back from his assistant who I had never spoken to before during the process saying that I wouldn't receive my refund. Apparently my post here caused them too much missed business so they decided I didn't deserve my refund.

Immediately after receiving that email I also got an email from Brad stating the same and basically adding that this was my fault lol.

It's sp upsetting.

Brad Konkel and Konkel Brokerage is a scam and a total fraud. Do not, do not send any money their way. I just went to their website KonkelBrokerage.com and the website has been suspended.

They will likely strike again under a new name/website. Here is the photo below. Please do not do business with this man.
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#4 Author of original report

No refund

AUTHOR: CS86 - ()

Sorry to hear you were scammed as well. I tried to contact Brad back about a refund and he didn't respond for weeks. Finally I get an email back from his assistant who I had never spoken to before during the process saying that I wouldn't receive my refund. Apparently my post here caused them too much missed business so they decided I didn't deserve my refund.

Immediately after receiving that email I also got an email from Brad stating the same and basically adding that this was my fault lol.

It's sp upsetting.

Brad Konkel and Konkel Brokerage is a scam and a total fraud. Do not, do not send any money their way.
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#5 Consumer Comment

refund

AUTHOR: T.S - ()

So after all of this have you in fact gotten a refund from this person ? We have been scammed. Just wondering how you made out. Any more info would be greatly appreciated .
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#6 Author of original report

Brad Konkel to offer refund

AUTHOR: CS86 - (United States of America)

Brad has contacted me after reviewing this report and has offered a refund of my money. I would like to update this report to show that he is a man of his word. It looks like there was a misunderstanding. If I am to receive my refund that proves he is running an honest business.

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#7 Consumer Comment

KONKEL BROKERAGE NOT SCAM

AUTHOR: ThomasS - (United States of America)



I got a loan for $140K from Konkel brokerage 7 months ago for my construction business and a friend of mine just got hers over a month ago.This person obvioulsy doesn't know what He or she is saying.I can personally vouch for this firm and I am certain that there must be a very reasonable explanation for this.Konkel Brokerage is NOT a scam.
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