ED Magedson – Founder
Sequoia Capital Advisors45 Rockefeller Center, Suite 2000 New York, New York USA
Sequoia Capital Advisors Philip Tesoriero Took $17,000 for an appraisal that should have cost $5000, didn't do deal New York New York
Sequoia Capital Advisors (no relation to the "other" worldwide, hugely successful Sequoia financing company, but it's deliberately confusing) took $17,000 for an real estate appraisal from me for a commercial loan they were considering on my property. I have since found out that this appraisal should have cost no more than $4000-5000. I do not believe they ever had any intention of giving the loan either but sure collected a nice fee in advance for considering it. Sequoia is run by a man named Philip Tesoreiro.
I believe they are taking large fees for appraisals and not doing many actual loans. Either way, they get paid.
They have a fancy Manhattan office address but another reporter on Rip-Off Report has stated that this is a "virtual" office and they don't actually work there. I have been told that they work in Howard Beach, N.Y.
I am eager to speak to any authorities investigating these people. I have documents, checks, and a very interesting witness. You can contact me via Rip Off Report.
This report was posted on Ripoff Report on 01/31/2014 09:44 PM and is a permanent record located here: http://www.ripoffreport.com/r/Sequoia-Capital-Advisors/New-York-New-York-10011/Sequoia-Capital-Advisors-Philip-Tesoriero-Took-17000-for-an-appraisal-that-should-have-1120015. 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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