ED Magedson – Founder
Cashline Financial Services1304 Cumberland Ct, SE Smyrna, Georgia USA
Cashline Financial Services Internet Scammer Ripped Me Off Smyrna Georgia
Cashline is an internet service that pays bills for consumers for fees. The consumer submits an application online and is charged administrative fees upfront which they pay. The consumer submits a bill like car insurance which is paid by Cashline. Micro Opportunity investors are investors who deposit or transfer funds into Cashline bank account to cover the bill's payment.
As administrative fees and principal payments are received from the consumers (about every two weeks) the Micro Opportunity investor and Cashline are suppose to split the revenue ie the principal and administrative fees.
In a perfect world, no a honest world Joel Udinsky would not exist. Joel falsified records by showing on the weekly reports monies received and disbursed which was a complete lie.
I have read that Joel is running a Ponzi scheme where money received from one investor is used to pay revenue to another investor. I would not know because Joel as never returned a penny of the $300 I invested.
Joel has never responded to any of my many attempts to contact him. I have filed a criminal report against him. Stay away!!
This report was posted on Ripoff Report on 11/01/2013 07:56 AM and is a permanent record located here: http://www.ripoffreport.com/r/Cashline-Financial-Services/Smyrna-Georgia-30080/Cashline-Financial-Services-Internet-Scammer-Ripped-Me-Off-Smyrna-Georgia-1096210. 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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