Report: #657552

Complaint Review: Lease Finance Group, LLC

  • Submitted: Tue, November 02, 2010
  • Updated: Fri, November 12, 2010
  • Reported By: ashley — fort lauderdale Florida United States of America
  • Lease Finance Group, LLC
    233 North Michigan Ave, Suite 1800
    Chicago, Illinois
    United States of America

Lease Finance Group, LLC LFG, Lease Finance Group Lease Finance Group is a SCAM. Buyer Beware! Chicago, Illinois

*Consumer Comment: Information you can use

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I was looking for a merchant account and came across a company that came out to my home and sold me equipment. Everything was fine with the merchant but I started having problems with the company that leased my credit card machine, Lease Finance Group LLC. I first started having problems with this company when I went to change my bank. I called Lease Finance and told them that I was changing banks and needed to change my banking information to my new bank. Well they said that would be fine and told me they would fax me the proper forms to change the information. They did send it. I filled it out and faxed it back. They said they never recieved it. So I faxed it again. Again they said they never recieved it. So I said is there a way to do this over the phone. The man I spoke with said yes and he would put my new credit card information on the account and that would be charged every month automaticly.  I figured everything was taken care of until I got a call from another agent asking for payment. I then told them what I had done the previous month. She told me that there is no way for them to take the old banking information off of their system. I had to actually go down to my bank and request a stop payment. I asked why I wasn't told this before when I tried changing the information the month before. Of course she didn't know. So I went down to my bank and put a stop payment on that account. Well while I'm going through this I find out that they charged my old account, which I still had open for a few things. The money of course was not in that account so every time they charged that account they gave me a return back fee and my bank charges me as well. I asked them how many times they charged the old account and they said the first month they charged it 5 times and this month they charged it 3 times. On top of that they charged me late fees.  Now I thought I took care of this the month before. At least that's what the agent said when I spoke with him. So I started to get angry. I asked to speak with a supervisor and they always tell me that there isn't one for me to speak with. I tell them I will not pay for these charges and they tell me that they will keep calling every day until I do. They refuse to take the charges off. I just don't know what to do. I have been hung up on and yelled at. I will not take any more of this abuse. If anybody has any suggestions on what I should do I would greatly appreciate it.


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This report was posted on Ripoff Report on 11/02/2010 06:34 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

Information you can use

AUTHOR: Danne - (USA)

Northern leasing which has over 23 Corporations licensed in New York as Corporations, then other Northern Leasing listed in other states like Florida and California, they have a number of other companies many of which are found within the list below:

Incorporation(s)                                        Date    Status          Exec Officer
1.      Northern Leasing Systems Inc        8/19/91     Active          Jay Cohen       CEO
2.      Northern Leasing Group Inc.         6/09/93     Active          Jay Cohen       CEO
3.      Northern Leasing Group Inc II      7/24/97      Active          Jay Cohen
4.      Northern Leasing Group Inc III     4/28/98      Active          Jay Cohen
5.      Northern Leasing Group Inc IV     9/14/99      Active           None
6.      Northern Leasing Group Inc V      6/29/10       Active          None
7.      Northern Leasing Group Inc VI   11/17/20      Active            Sara Krieger    CEO
8.      Northern Leasing Group Inc VII   7/17/01        Active          Sara Krieger    CEO
9.      Northern Leasing Group Inc VIII  7/22/03        Active          None
10.     Northern Leasing Group Inc VIII  1/23/06      Active            Jay Cohen       CEO
11.     Northern Leasing Group Inc XI      1/23/06     Active           Jay Cohen       CEO
12.     Northern Leasing Group Inc. XII    3/16/06      Active          None
13.     Northern Leasing Group Inc. XIII  4/11/06       Active          Ari Cohen       CEO
14.     Northern Leasing Group Inc. XIV   5/11/06       Active          Jay Cohen       CEO
15.     Northern Leasing Group Inc. XV     3/25/09      Active          None
16.     Northern Leasing Group Inc. XVI   6/30/09       Active          None
17.     Northern Leasing Group Inc. XVII 11/06/09   Active              None
18.     Northern Leasing Group Inc. XVIII 2/01/10    Active             None
19.     Northern Leasing Group Inc. XIX      4/9/10     Active          None
20.     Northern Leasing Group Inc.  XX     4/19/10   Active            None
21.     Northern Leasing Group Inc. XXI     7/08/10   Active            None
MFI (Micro Financial Inc)                                       INCORPORATED NY
GOLDEN EAGLE LEASING                                    INCORPORATED NY
NPMG                                                            NO RECORD OF CORP IN NY
MERCHANT SERVICES                                       RECORD IN NY
LEASECOMM                                                       NO RECORD OF CORP IN NY
INTEGRATED LEASING                                      NO RECORD OF CORP IN MY
VERICOMM                                                        NO RECORD OF CORP IN NY
ACCOMACK LEASING                                                NO RECORD OF CORP IN NY
United Bank Card                                                NO RECORD OF CORP IN NY

Lease Financial Group LLC
Listed within the Secretary of State as
LFG GROUP LLC                                           Listed as licensed revoked in 2008
Moved from 233 North Michigan Ave, Chicago Illinois
No Building exist within so-called moved location at 35 E Wacker place, Chicago Illinois after they had a run in with a State Representative, they also loss their lease for noon payment of over $401k in back rent at the 233 North Michigan Ave address which was pending in local district court currently.

In fact within the city of Chicago the person who registered the business license when they were within the 233 North Michigan Ave, Chicago address lives in St. Charles Illinois.  And there is no other parties involved within any licensing even revoke residing in Chicago.

They also have corporations under other names, are tied into banks, insurance companies all over the nation. And they were sued for the issue of consumer fraud in the state of New York and Missouri by the Attorney Generals within those states. All Better Business Bureaus have complains on file against them concerning the same complains and in Illinois alone they have a total of 760 filed to date (July 2010)

The game is moving these non-cancellable leasing into the hands of ICON Leasing Fund Eleven LLC which is a 35% owner of Northern Leasing and formed also 52.75% for which they have ownership interest in ICON Northern Leasing, LLC they in turn take the leases at and interest rate of 18% and then trade in as credit derivatives using one company called Goldman Sachs.

What they are doing is the very same thing as within the credit default swaps that caused a major problem within the mortgage bundles being traded within the secondary market, Icon whose President within a corporate veil Beauford J.B. Clarke, and others with and or without knowledge are involved in trading paper (non-cancellable Lease Agreements) using this as being backed by consumer businesses to level credit derivatives internationally.  Thus many Trillions off the backs of the small Business owners all whom have less than $100k in

Currently there are more than 3 failed class action lawsuits filed in New York City, and two others within New York in which one was allowed as a class, and may have upwards to over 300,000 small business victims,  These lawsuits were filed by the Law Firm of Krishnan Chitturr, within the attorneys comment on the case, he had stated There could be a lot of money at stake for the alleged victims, Youre
talking about $18 millions dollars a year and its been going for 10 yrs so youre talking about $180 million a year, Chittur said. ( Why No Shutdown?

As within the mortgage industry will this become the next over-looked white collar crime which it seems cannot be seen as criminal but instead within the use of fake lease agreement some alleged forged and other gotten by a massive team of telemarketers and street sales hustlers their method seems untouchable. Or is it just like Bertie Madoff, wrote to me in a e-mail a very simple accounting equation, so simple that it goes over the heads of those cannot see the ties in the
direction of fraud.

One of the alleged members of this elite Corporation within its many affiliates and multi-level corporations which are registered within the state of New York as; Northern Leasing Group I, II, III, IV, V, and roman numerals going to 21, then within another 30-40 LLCs known as Lease Financial Group in Chicago, Ohio, California, Merchant Services and other blankets of corporations all using various Presidents and Secretarys out a pool of 10 names, like Jay P Cohen aka Jonathan P Cohen , or VP over Collections Sam Buono who is also known as Di Buono and others who may have commented other financial crimes under other names and barred/banned from doing any other business upon release from prison. The issue is that it seems that the current structure of American Business has no fail safe to prevent
criminals whose willful intent is to steal and remove capital in order to feed into their gambling habits using the option markets and other levels of trades to create more and more money.

The traders as in the past and the  very same businesses we bailed out during the mortgage meltdown, and the documentation of fraud cannot located and much is in plain eye view if those who are educated enough to see the passage in which crimes lay theyre beds. 

What will be next? Well as I can see it the next level of corporate white collar wolves will be the ones involved in The Carbon Credit Game this one is moving up the ranks sooner than you will think. Within disasters just like the Gulf Oil Spill and others open the path for the Games to jump in with Red Alga and other forms of clean up material so that they can shift the balance of the un-pure ecological
system to balance out heavy carbons across the planet thus creating enormous amounts of money from the so-called result. This is bad? Or is it the way that the world finances itself on the backs of the poor and the have nots and then use the wealth received from it as a bases of keeping are economy in order.
Reference Material Websites Northern Leasing Sucks (((Redacted)))

call (((Redacted))) thanks

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