FUNDZIO LLC CONSUMER FRAUD FT. LAUDERDALE Florida

 I WORKED AT FUNDZIO FOR CLOSE TO NINE MONTHS AS A FRONTER AND I HAVE NEVER SEEN A BUSINESS RUN SO DIS FUNCTIONALLY AND DISHONESTLY. THE ENTIRE CONCEPT OF THE BUSINESS IS NOT TO HELP THE MERCHANT BUT TO TAKE AS MANY FEES AS POSSIBLE AT THE HIGHEST COMMISSION RATE BY OUTRIGHT LYING AND FRAUDULENTLY MISREPRESENTING ALL FACTS TO THE MERCHANT WITH TOTAL DISREGARD TO THEIR BUSINESS AND FUTURE.

SINCE APRIL 2016 EDWARD “EDDIE” SIEGEL, THE CEO OF FUNDZIO BROUGHT TO THE MARKET A NEW PRODUCT CALLED THE FRESH START PROGRAM WHICH WAS SUPPOSED TO CONSOLIDATE THE MERCHANTS CASH ADVANCES INTO ONE LOAN/CASH ADVANCE WHILE LOWERING THEIR PAYMENT BY OVER 50% AND MOVING THEM FROM A DAILY PAYMENT TO A WEEKLY OR MONTHLY PAYMENT. IN THEORY THIS SOUNDS AMAZING TO THE MERCHANT AND FOR A FEE FROM $595 TO $2495 YOU CAN BE A PART OF THE FRESH START PROGRAM AND PLATFORM. THE ONLY PROBLEM BEING IS THAT THE MERCHANT ALREADY HAS ONE TO FIVE CASH ADVANCES OUTSTANDING, HAS NEGATIVE DAYS AND NSF’S ON HIS BANK STATEMENTS AND HIS MONTHLY DEBT/CASH ADVANCE PAYMENTS ARE SOMETIMES EQUAL TO OR OVER THE 25% RULE OF THUMB OF THEIR MONTHLY GROSS REVENUES, THUS NO LENDER IS GOING TO APPROVE THEM FOR A CONSOLIDATION.

THE FRESH START PLATFORM IS A HOAX, A FRAUD SOLICITED BY EDDIE SIEGEL FOR HE WOULD BUY DEAD OR STOLEN LEADS FROM OTHER COMPANIES THAT GAVE THE MERCHANTS PERSONAL INFORMATION INCLUDING THEIR PREVIOUS BANK STATEMENTS AND SOCIAL SECURITY NUMBERS. HE WOULD HAVE THE CLOSERS SELL THEM A FALSE DREAM IN ORDER TO STICK THE MERCHANT WITH AN UPFRONT FEE THAT NO OTHER CONSOLIDATION COMPANIES WOULD DARE TO CHARGE. THIS CONCEPT WAS FLAWED FROM THE OUTSET AND EDDIE SIEGEL HAD HIS CLOSERS AND HIMSELF FRAUDULENTLY MISREPRESENT TO THE MERCHANTS THAT THEY HAVE BEEN PRE-APPROVED FOR THE CONSOLIDATION AND WITHIN A FEW WEEKS THEIR PAYMENT WOULD BE REDUCED IN HALF AND EXTENDED TO A WEEKLY OR MONTHLY PAYMENT. THOUGH THIS FRESH START PROGRAM EDWARD “EDDIE” SIEGEL HAS PREYED ON THE HOPES AND DREAMS OF THE SMALL BUSINESS OWNER. HE HAS BEEN DISHONEST, DISINGENUOUS WITH TOTAL DISREGARD OR EMPATHY FOR THE MERCHANT ONLY CARING ABOUT HOW MUCH HE CAN CHARGE IN FEES TO LINE HIS POCKET WITH.

IN BEHALF OF THE SMALL BUSINESS OWNER AND JUSTICE I HAVE NO CHOICE BUT TO POST THIS IN HOPES THAT THE MERCHANT WILL READ THIS STATEMENT OF FACT AND STAY AWAY FROM THIS ILLEGAL AND FRAUDULENT BUSINESS PRACTICE. FURTHERMORE, I HAVE PRESENTED THIS LETTER TO THE SUN SENTINEL INVESTIGATIVE TEAM AND THE STATE ATTORNEY OFFICE IN BROWARD COUNTY FOR THEIR REVIEW, INPUT AND DETERMINATION.