Five Point Capital, Inc. The verbal pitch off $1 payoff vs the written contract San Diego , California

It's interesting how a business can use such deceptive practices to land a leasing client and nothing gets done to stop it. I'm referring to the $1 payoff promise that 5 Point Capital account executives verbally make to their clients is the hook to get the trusting customer to sign the paperwork. I just read a dozen letters which all stated the same thing. The scam goes back to 2007 and the trusting customers were all promised to be able to purchase the equipment they leased for $1 per unit at the end of the long and costly lease period only to find out the lease period was going to continue for another year and there was no $1 payoff written into the agreement anywhere.

I fell for this scam as well. Glad to see you all emailed your account of this fraud. It will help to prove in court their deceptive business practice. Hopefully there will be a nice refund sent out to all the former clients.

I anticipate that there will be a class action lawsuit and I may join it if I don't sue them on my own.