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Report: #913634

Complaint Review: DAVID LERNER ASSOCIATES,INC. - Syosset New York

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  • Reported By: mark — plainview ny New York United States of America
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  • DAVID LERNER ASSOCIATES,INC. 477 Jericho Turnpike Syosset, New York United States of America

DAVID LERNER ASSOCIATES,INC. Apple REIT 10 Investment Syosset, New York

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On April 13, 2012 I invested 5,000.00 and my son invested 3,000 in to a Apple REIT 10 ,Traditional IRA fOR 2011 tax  . My 5,000.00 was invested corectly my sons 3,000 was invested in a money market account with no interest bering at all . They gave me and my son a form to fill out and sign .

I mentioned to both investment counselor put my sons 3,000 in to the Apple REIT 10 just as it was placed for 2010 Tax year . July 16 , 2012 I went to the office to ask about the 3,000 .Why was'nt it invested into the Apple REIT 10 .They said they have to talk to my son . Which is a lie . THEY gave the forms and collected the money .

They said they called my son several times and never my home . They lied again . The only time they called was July 16,2012 after I approched them and spoke to the vice president, who was usless and also lied .

On  July 17, 2012 I drove to the office and asked for Mr. Darren Nomberg . He said he would see me in 1 hour. I waited and never spoke to him at all . I was told they want to see my son and sign some papers . It was impossible for him to come since he does not live near buy and he works late hours .

They called the  police because I was loud and I told them they were theifs and very upset . They knew exactly what they were doing . My son lost interest from April 13, 2012 and the money is in the money market  IRA with no interest .

As of today nothing has been done to correct this pproblem .

I will never invest any money at David Lerner again . I hope to take my money out and put a complaint against them to the SEC and attorney generals office .. And I adivse to all investers not to invest any money with David Lerner assoc. in the U S . They just take your money and do not follow up with your investments or calls .

This report was posted on Ripoff Report on 07/17/2012 09:38 PM and is a permanent record located here: https://www.ripoffreport.com/reports/david-lerner-associatesinc/syosset-new-york-11791/david-lerner-associatesinc-apple-reit-10-investment-syosset-new-york-913634. 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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