• Report: #921839

Complaint Review: Profisio Mortgage Ventures LLC

  • Submitted: Fri, August 03, 2012
  • Updated: Wed, August 22, 2012

  • Reported By: Kim K — Charlotte Michigan United States of America
Profisio Mortgage Ventures LLC
110 Hillcrest Street / 2811 Internet Blvd Ste 275 Orlando / Frisco, TX, Florida United States of America

Profisio Mortgage Ventures LLC Tri-Source Investments LLC Mortgage Brokers Orlando / Frisco, Texas, Florida

*Consumer Comment: Proficio Mortgage Investments, Proficio Bank, TrSource Investments LLC, and MSI Credit Solutions

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If you get contacted about re-financing your mortgage, Don't Do It With This Company.I was contacted but David Satow, about re-financing my home, afetr a few emails I was Transfered to Michael John Leake Jr. -Sr. Mortgage Banker NMLS#818701Proficio Mortgage Ventures, LLCa wholly owned subsidiary of Proficio Bank2811 Internet Blvd. Ste 275, Frisco, TX 75034, 866-996-8953 (ext:6111) 800-918-9618 (fax)941-544-6399 (cell) mleake@proficiomortgage.com,

I faxed mailed spent a fefw bucks and loads of time getiing the paperwork to him, I was promised a re-finance without an Appraisal, well time moved on, then after recontacting him I now needed a different loan, and this required an APPRAISAL, OK I said, will this get me a loan or are you just pulling my chain, and trying to screw me over. No, he said this will do it, and I "Will" be able to get you the refinance, well I had to take another day off work and the appraisal was done, at a cost of $350. [continued below]....
.....

Well time traveled on again, I called him back, and was told now, "NO, we can't get you the re-finance" gteat, He Pulled My Chain and screwed me out of $350, like I told him he was going to do, and he said differently.

Well this is just another Scam, and people working off the internet, and on Internet Blvd to beat all!!

He did say HE was going to try to help me out and send money back out of his pocket, "I'm holding my breath".

I told them I was going to post this scam, and they didn't seem too threatened by it, I guess they figure the odds, and don't worry about it.

I was even told that he could refinance it through my current Bank/Lean Holder, Flagstar Bank, But he wasn't able to that either.

WELL Flagstar bank contacted me and they DID re-finance my mortgage at 3.34% without an Appraisal.

So Screw this company, Proficio Mortgage Investments, Proficio Bank, TrSource Investments LLC, and MSI Credit Solutions or any other names and states this company works out of, The Owner is a criminal and is listed here on RipOffs, SO  B E W A R E :(


This report was posted on Ripoff Report on 08/03/2012 05:26 AM and is a permanent record located here: http://www.ripoffreport.com/r/Profisio-Mortgage-Ventures-LLC/Orlando-Frisco-TX-Florida-32801/Profisio-Mortgage-Ventures-LLC-Tri-Source-Investments-LLC-Mortgage-Brokers-Orlando-Fris-921839. 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

Proficio Mortgage Investments, Proficio Bank, TrSource Investments LLC, and MSI Credit Solutions

AUTHOR: Concerned Citizen - (United States of America)

Listed below is Co Owner Robert Adam Neal, Emloyee Rey Salomon, Co Owner Ricardo Mendiola

MSI Credit Solutions fhaloanapproval.com MSI Credit Solutions : Owner a Convicted FELON. INDECENT EXPOSURE/FELONY and POSSESSION OF FICTITIOUS DRIVER'S LICENSE/FELONY Frisco, Texas

Do you feel comfortable enough to give your to give your personal information to a total stranger? What about giving your SS number to a FELON? NO? Well thats just what you do when you fill out a form on fhaloanapproval.com or send or give the information to any one from MSI Credit Solution or have ant dealings with Tri-Source Investments. In fact Robert Adam Neal the co-Owner of the companies listed above and a few other companies not yet listed is a convicted FELON and his partner Ricardo Mendiolas past isnt squeaky clean either (I will post about him next). After doing some background checking this is what I have found so far found. After reading this you may just be more careful with who you trust with your information.

Robert Adam Neal DOB: 12/30/1976
Alias
Adam Neal

Address History
Tulsa OK
Dallas TX
Frisco TX

School History
TCU

Business Finance
2000 2001

University of Oklahoma
Finance
1996 1999

Principal
MSI Credit Solutions (co-Owner)
Privately Held; 51-200 employees; Financial Services industry
August 2006 Present (6 years) Dallas/Fort Worth Area

Principal
Tri-Source Investments  (Owner)
January 2001 Present (11 years 7 months)Dallas, TX

IN THE DISTRICT COURT IN AND FOR TULSA COUNTY, OKLAHOMA
STATE OF OKLAHOMA,
Plaintiff  v.  ROBERT ADAM NEAL, Defendant.

No. CF-1996-4005

(Criminal Felony)
Filed: 09/05/1996
Closed: 03/19/1997
Judge: Hopper, Clifford E.

Parties
NEAL, ROBERT ADAM , Defendant
STATE OF OKLAHOMA , Plaintiff

Tulsa Police Department , ARRESTING AGENCY

Attorneys
Attorney Represented Parties
Brunton, Paul D.(Bar # 1256)
610 S. MAIN ST., STE. 312
TULSA, 74119

NEAL, ROBERT ADAM
Counts

Parties appear only under the counts with which they were charged. For complete sentence information, see the court minute on the docket.

Count # 1.

Count as Filed: , INDECENT EXPOSURE/FELONY , in violation of 21 O.S. 1021
Date Of Offense: 08/31/1996
Party Name: Disposition Information:
Defendant: NEAL, ROBERT ADAM

Count # 2.
Count as Filed: , POSSESSION OF FICTITIOUS DRIVER'S LICENSE/FELONY , in violation of 47 O.S. 0006 0301 2D
Date Of Offense: 08/31/1996
Party Name: Disposition Information:
Defendant: NEAL, ROBERT ADAM

Count # 3.
Count as Filed: APRT, DRIVING WHILE UNDER THE INFLUENCE OF INTOXICATING LIQUOR/MISD , in violation of 47 O.S. 0011 0902
Date Of Offense: 08/31/1996
Party Name: Disposition Information:
Defendant: NEAL, ROBERT ADAM

He also has a DEFAULT JUDGEMENT, 08/03/2006. against him from Arvest bank in Oklahoma for BREACH OF AGREEMENT - CONTRACT

ARVEST BANK, FKA
ARVEST STATE BANK,


Plaintiff, v. ROBERT ADAM NEAL,
Defendant. No. CS-2006-3387

(Civil relief less than $10,000:BREACH OF AGREEMENT - CONTRACT)
Filed: 05/26/2006
Closed: 08/03/2006

Judge: Hass, Russell P.

Seems to me like everyone needs to stay clear of any AND all companies that involves ROBERT ADAM NEAL

More Court Records that can be viewed at: http://www1.odcr.com/
Results from the Oklahoma State Courts Network

For your convenience, these results are aggregated from sources outside of ODCR.com. We cannot promise that the information provided is completely reliable or accurate. You can run the same search on the OSCN.net website if you believe the information here is inaccurate.

More

Tulsa
TR-1993-3742 04/06/1993
NEAL, ROBERT ADAM (Defendant)
STATE OF OKLAHOMA v. ROBERT ADAM NEAL

Tulsa
CF-1996-4005 09/05/1996
NEAL, ROBERT ADAM (Defendant)
STATE OF OKLAHOMA v. ROBERT ADAM NEAL

Tulsa

CJ-1996-5640 12/17/1996
NEAL, ROBERT ADAM (Plaintiff)
NEAL ROBERT ADAM VS STATE OF OKLAHOMA EX REL

Tulsa
CS-1993-3984 08/05/1993
NEAL, ROBERT ADAM (Defendant)
ROUNDTREE ERIN MICHELE VS NEAL ROBERT ADAM

Tulsa
ML-1999-161 01/28/1999
NEAL, ROBERT ADAM (Male Applicant)
IN RE: The Marriage of SWANN ASHLEY DAWN and NEAL ROBERT ADAM

Tulsa
CS-2006-3387 05/26/2006
NEAL, ROBERT ADAM (Defendant)

ARVEST BANK v. NEAL, ROBERT ADAM

Check OSCN.net for more results for Tulsa.
This was just in Tulsa Oklahoma!!!!!

Before you do any business with MSI Credit Solutions you may want to think twice.
REY SALOMON works/worked for MSI (see below)
If Rey Salomon scammed 22 people for $903,195 then what will he do to you. Please take the warning and never trust anyone with your money or SS #.

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20747 / September 25, 2008

Securities and Exchange Commission v. Rey Salomon, Jr. and Ellen H Development LLC, Civil Action No. 3:08-CV-1695 U.S.D.C./Northern District of Texas (Dallas Division) SEC Settles Securities Fraud Case With Rey Salomon, Jr. and Ellen H

Development LLC

Today, the United States Securities and Exchange Commission (Commission) filed a civil action against Rey Salomon, Jr. and Ellen H Development LLC (EHD) alleging that they made material misrepresentations and omitted material facts regarding the use of investor funds in connection with the offer and sale of unregistered securities in an oil and gas drilling program. According to the complaint, the defendants violated the antifraud and registration provisions of the federal securities laws. The Commission also alleges that Salomon acted as an unregistered broker-dealer. Salomon and EHD have agreed to settle the charges against them, without admitting or denying the Commission's allegations.

From at least March through September 2007, EHD, at Salomon's direction, raised $903,195 from 22 investors through offers and sales of fractional interests in a "turnkey" oil and gas drilling program to be conducted in Denton County, Texas. The EHD offering was not registered with the Commission, and was not otherwise exempt from registration. In addition, the EHD offering documents included material misrepresentations and omitted material facts regarding the use of investor funds and the costs of the drilling program. Specifically, the offering documents stated that: (i) all investor funds would be used to drill two oil and gas wells; (ii) investor funds would not be used to pay the debts of EHD or Salomon; and (iii) the cost to drill the two wells was approximately $4.5 million. Contrary to the express terms of the offering documents, Salomon used at least $220,000 of investor money for his personal benefit, including the repayment of a loan made to EHD and Salomon to help capitalize EHD. EHD and Salomon also knew that the actual cost to drill the wells was more than $1 million less than the offering documents represented.

Specifically, the Commission alleges that Salomon and EHD violated Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. The Commission further alleges that Salomon violated Section 15(a) of the Exchange Act. Salomon and EHD consented to judgments that permanently enjoin them from future violations of these provisions and hold them liable, jointly and severally, for disgorgement of $903,195 plus $81,809 of prejudgment interest, for a total of $985,004. Based on the defendants' sworn financial statements and supporting documents, the judgments do not order Salomon and EHD to pay civil penalties and payment of $382,069 of disgorgement and pre-judgment interest was waived.

Rey Salomon, Jr., and Ellen H Development LLC On September 25, 2008, the SEC filed a settled civil action against Rey Salomon, Jr. and Ellen H Development LLC (EHD) alleging that they fraudulently raised $903,195 from 22 investors in connection with an unregistered securities offering in an oil and gas drilling program. The SEC also alleged that Salomon acted as an unregistered broker-dealer.

Salomon and EHD agreed to settle the charges against them, without admitting or denying the allegations in the SECs complaint, by consenting to permanent injunctions. In addition, the defendants agreed to pay, jointly and severally, $903,195 in disgorgement and $81,809 in prejudgment interest, for a total of $985,004. Based on the defendants sworn financial statements and supporting documents, the judgments did not order Salomon and EHD to pay civil penaltie and payment of $382,069 of disgorgement and pre-judgment interest was waived.

Salomon also agreed to be barred from association with any broker or dealer, with the right to reapply after 5 years.

For more information about the SECs action, you can read Litigation Release

Nos. 20747 (Sept. 25, 2008) and 58679 (Sept. 29, 2008).

The Court appointed Wayne M. Secore as Special Master to submit a plan to distribution to the Court and, upon approval, to distribute funds to approved claimants. If you have questions or believe you may be able to participate in any distribution, you can contact Mr. Secore at:

Secore & Waller, L.L.P.
1222 Merit Drive, Suite 1350
Dallas, Texas 75251
Phone: (972) 776-0200
Email: wayne@secorewaller.com

SEC Complaint in this matter http://www.sec.gov/litigation/complaints/2008/comp20747.pdf

I have created a list of websites you may want to take a look at. Rey Salomon is on the BLACK LIST and has been listed as the one person you DO NOT want to do business with EVER. SEE BELOW

http://www.sec.gov/divisions/enforce/claims/reysalomon.htm
http://www.sec.gov/litigation/litreleases/2008/lr20747.htm
http://www.corporationwiki.com/Texas/Dallas/rey-salomon/37553137.aspx
http://www.sec.gov/Archives/edgar/vprr/07/9999999997-07-023978
http://www.formds.com/issuers/ellen-h-development-llc
http://capitalstrategies.biz/resources/black-list/
http://www.vippa.net/femagazine/Publication4.pdf
http://www.thehomeeconomist.com/component/alphacontent/?view=alphacontent&start=30
http://www.sec.gov/litigation/complaints/2008/comp20747.pdf
http://www.docstoc.com/docs/56371231/34-58679
http://www.ogj.com/articles/2008/10/sec-charges-north-texas-man-and-firm-with-violating-securities-laws.html
http://fpn.advisen.com/articles/article83710426-1052072421.html
http://www.sec.gov/news/digest/2008/dig093008.htm

If your still not sure if you want to do business with MSI then this may also help. Seems like Mr. Salomon can't stay out of trouble.

LN AR DOB CASE/BOND CTCHARGE DISP

01 SALOMON REY CA 012076 MA9938133 ME UCW CLUB DISM
02 SALOMON REY CISNEROS 012076 MB0143002 MM FAIL ID FUG NO PGBC
03 SALOMON REY JRA 012076 F-9502012 FH ASSAULT NBIL
04 SALOMON REY JRA 012076 MB9619813 MM DWLS/SR DISM
05 SALOMON REY JR 012076 F-0039559 FW THEFT AGGREGAT PGBC

Read what is listed on his criminal record at http://www.dallascounty.org/criminalBackgroundSearch/

Ricardo Mendiola MSI Co-owner

Dallas County Criminal Background Search Service

MENDIOLA RICARDO    Defendant  

#      NAME                        DOB        CASE/BOND      CHARGE              DISP

01    MENDIOLA RICARDO  040878     MB0114299     DWLS/SR             DISM
02    MENDIOLA RICARDO  040878     MA0249372     DWLS/SR/ENH      PGBC
03    MENDIOLA RICARDO  040878     MA0251019     DWLS/SR/ENH      PGBC
04    MENDIOLA RICARDO  040878     F-0249926      FLEEING RECK      JGSA
05    MENDIOLA RICARDO  040878     MC08A3311     FTA                     DISM
06    MENDIOLA RICARDO  040878     MC08A3309     SPD 75/55           DISM
07    MENDIOLA RICARDO  040879     MC08A3310     FTA                     DISM

 And thats not all! I have other employee's/associates with criminal records. Let me know if you want more

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