Report: #339170

Complaint Review: Kenlin Capital, Transnational Management

  • Submitted: Wed, June 11, 2008
  • Updated: Tue, July 12, 2011
  • Reported By: gulfport Mississippi
  • Kenlin Capital, Transnational Management
    7365 Main Street - Suite 322
    Stratford, Connecticut

Kenlin Capital, Transnational Management Lending Scam Stratford Connecticut

*Consumer Comment: Correct Spelling is Ralph Soldo

*Consumer Comment: Sorrentino Sentenced to 4yrs

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We referred a client to a company Transnational Management aka Ralph Saldo out of Florida who promised our client that he would back his commercial loan with his own credentials to guarantee the loan would be done. After a considerable amount of time and disappointment we thought that we would do some digging and found out that he was using Kenlin Capital to fund the project. After extracting $25,000.00 for their services he asked for another $25,000 for Kenlin Capital aka Joe sorrentino who in turn did nothing but ask for another $125,000 to get the deal done. Our client refused to give him that kind of money without some type of guarantee that the loan could be done. Of course there were none or he would not provide anything to us. In a nutshell, these guys cannot do any commercial loans so don't waste your time or your money. Our client is currently requesting all dollars be returned with no answers from the guilty parties. Neither will return phone calls.

gulfport, Mississippi
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This report was posted on Ripoff Report on 06/11/2008 06:28 AM and is a permanent record located here: 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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#1 Consumer Comment

Correct Spelling is Ralph Soldo

AUTHOR: Anonymous - (USA)

One other thing.  For the record, the correct spelling of Ralph's name is Ralph Soldo of TransNational Management.  You can see his bio in the link below under development team.  It seems he is still in the market trying to arrange loans with upfront fees claiming to be partnered/represent a wealthy family, this one based in Kentucky, with a large family trust and access to other investors.  If you read the report on Sorrentino I attached above it is exactly the same M.O.

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#2 Consumer Comment

Sorrentino Sentenced to 4yrs

AUTHOR: Anonymous - (United States of America)

In April 2010. Sorrentino was sentenced to 4yrs in prison for this scam. Here is the link to the FBI report on the matter.

Ralph Saldo continues to operate Transnational using exactly the same story - large family trust, upfront fees etc.
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