Complaint Review: Anthony J. Tomasi
Anthony J. Tomasi Financial Group Scam, fraud, real estate fraud, bait and switch Stamford Connecticut
This man is operating a real estate lending scam. His behavior over the last 8 weeks is typical "bait and switch," in that false promises and representations were made, there was a rush to wire money, then came a massive runaround for weeks ending in no product (and almost losing our property), extreme difficulty in getting refunded (we still have not, as of September 10, 2013), and finally the victim is blamed by the perpretrator who asks not to be contacted anymore about a refund.
This man is a pathological liar. I would advise even my worst enemy to stay away from him!
We were originally referred to Anthony Tomasi by a broker, who supposedly never did business with Tomasi before. Both referring broker and Tomasi falsely portrayed AJTM Financial Group as a "hard money" private lender. We were told to immediately (within 72 hours) wire $3750 for an appraisal, and return a signed agreement stating the loan would be based primarily on a 65% LTV, based on the value of that appraisal. The appraisal was never conducted.
Falsely portraying himself as the funder, Mr. Tomasi offerred loan terms and a bogus conditional loan approval. He turned out to be merely another broker, with an answering service and a mysterious "processing" department that we could never get hold of directly. At first he said he had a lending "branch" with a funding committee in Idaho. Accordingly, we provided everything to his processsing department that was stipulated on his due diligence "needs list," even though we were originally told it was essentially a no docs loan. He wanted 80 pages of documentataion. After we submitted everything, he kept asking for more and more. When we finally figured out that he was NOT a lender, just another broker, and that the real funder had not been contacted about us and had never received our due diligence docs, we began to ask hard questions. In eight weeks, he only picked up his phone four times. Getting to call him back was ALWAYS a challenge. Finally, he stopped answering his phone altogether, and cleverly used Email with false promises saying he would in fact call us later, and then never did. He began to call us unreasonable in our need to find out more information about the true lender, and then blamed us for being irrational and providing enough verification. Ultimately, the loan was denied by the true funder (who only received a smattering of our original support docs) as it wasn't a fit for them. We signed the preliminary loan approval agreement on June 27, 2013. It is now September 10, 2013, and we have NEITHER appraisal, $3750 refund for our appraisal, or a loan.
His delay and run around tactics continued as we asked for a refund. We submitted multiple requests for that he provide us with trackable documentation about how and when our refund was supposedly sent. He said the check was mailed "on Thursday," then he said "on Friday." However, he WOULD not provide a check #, bank information, who signed the check, how much it was written for, or a photo of the check stub showing the funds were deducted from his account. He continued to make us out as crazy and unreasonable, and threated to call the local police department if we kept contacting him.
We finally threatened to contact the Connecticut State Attorney General's office if he did not provide the requested information. We did.
We said if, on the next day, we did not recieve trackable documentation about how and when our refund was sent, we would submit a complaint to the Certified Financial Planner Board. When we called the CFB board, we found out he is not even listed as a Certified Financial Planner, even though he puts himself out there as such.
We said if, on the next day, we did not recieve trackable documentaiton about how and when our refund was sent, we would submit a complaint to the Better Business Bureau.
We said if, on the next day, we did not recieve trackable documentation about how and when our refund was sent, we would submit a complaint to "RIP OFF Report" and every other similar Internet site, warning people about doing business with him.
We said if, on the next day, we did not receive documentation about how and when our refund was sent, we would sue him for fraud. He would not only be liable for the $3750, but for any property loss because of time delays, and pain and suffering.
Stiill, no refund or verification about a refund. This man is BAD NEWS.
This report was posted on Ripoff Report on 09/10/2013 11:49 AM and is a permanent record located here: http://www.ripoffreport.com/reports/anthony-j-tomasi/stamford-connecticut-06902/anthony-j-tomasi-financial-group-scam-fraud-real-estate-fraud-bait-and-switch-stamfor-1083333. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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