ED Magedson – Founder
MBF Leasing132 W 31st St. New York, New York United States of America
MBF Leasing is purely a scam. I was conned into $134 a month for 4 years (over $6432) for a $300 machine, being told that the money I would save on my merchant charges would more than cover the $134/month, but I had to take the machine (which I have never used) to get the account.
I am over 2 years into the lease, but am paying them $2651 just to terminate the lease and have no further dealing with them. I have to return the equipment as well, after all this money they still own it!! I cannot understand how people can work for companies like this.
Anyway, I recommend everyone writes to the New York Attorney
This report was posted on Ripoff Report on 01/20/2010 11:01 AM and is a permanent record located here: http://www.ripoffreport.com/r/MBF-Leasing/New-York-New-York-10001/MBF-Leasing-Merchant-Services-Equipment-Scam-AVOID-THEM-New-York-New-York-557297. 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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