Complaint Review: Dellovo Capital - Lexington Massachusetts
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- Author Not Confirmed
- Dellovo Capital 394 Lowell St., Suite 13 Lexington, Massachusetts United States of America
- Phone: 7812749800
- Web: http://dellovocapital.com
- Category: Brokerage Companies
Dellovo Capital, Dellovo Financial, Ray Dellovo, Raymond Dellovo, Harry Saul, Erik Dellovo. The TRUTH about Dellovo Capital Lexington, Massachusetts
*Consumer Comment: 2/16/11 Scam for $15k
*REBUTTAL Owner of company: DCC Complaint Response
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Since 2006, eight (8) complaints have been filed against Dellovo Financial (aka Dellovo Capital) with the Massachusetts Attorney General's Office Consumer Complaint and Information Section. To Verify Complaints call (((redacted))).
Dellovo Capital is NOT a lender. Dellovo Capital is a brokerage firm that shops your loan packet to dozens of potential lenders.
Their LOI promises a guaranteed return. However, they will NOT return your money!
Dellovo Capital to date has taken ten of thousands of dollars from individuals.
This report was posted on Ripoff Report on 10/25/2009 07:22 PM and is a permanent record located here: https://www.ripoffreport.com/reports/dellovo-capital/lexington-massachusetts-02420/dellovo-capital-dellovo-financial-ray-dellovo-raymond-dellovo-harry-saul-erik-dellovo-514728. 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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#2 Consumer Comment
2/16/11 Scam for $15k
AUTHOR: Scammed Investor - (USA)
SUBMITTED: Monday, April 04, 2011
Ray Dellovo claims he has changed his ways. He hasn't ... Dellovo Capital is a Scam.
Here is an email that was received on 2/16/11 -
Hello,
Need more info on this problem as I know someone who is
trying to get her 15k returned from them.
Regards,
Barry
#1 REBUTTAL Owner of company
DCC Complaint Response
AUTHOR: Dellovo Capital Corporation - (USA)
SUBMITTED: Wednesday, February 10, 2010
Dellovo Capital Corporation (DCC) - In response to blog complaints:
It has been brought to our attention that a select few individuals have taken the action of posting defamatory content regarding our corporation on several internet blogs. We invite any individual that questions the legitimacy of these complaints to contact us or the Massachusetts Attorney Generals office directly. We are happy to provide references of monies that have been refunded, as well as discuss why money was not refunded in certain circumstances. For 23 years we have operated at the highest level of integrity in an industry that has come under intense scrutiny in recent years.
Due to these unfortunate events, DCC no longer offers a refundable deposit and no longer centers its operations around the brokerage of commercial loans. DCC has recently been approved by two of only 25 national direct MAP lenders as a Direct Correspondent Lender to offer HUD, FHA, USDA, Fannie and Freddie products in the commercial mortgage marketplace. Please inquire for more details.
Ray Dellovo
781-274-9800
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