Complaint Review: Lincoln Park Capital - Chicago Illinois
- Lincoln Park Capital 440 North Wells St Chicago, Illinois USA
- Phone: 312-882-9300
- Web: http://lincolnparkcapital.com/index...
- Category: Brokerage Companies
Lincoln Park Capital Joshua Scheinfeld, Jonathon Cope Alleging Investigation Reveals Numerous Lawsuits Alleging Extortion, Racketeering in Organized Crime Act, Upfront Fee Scam, Fraud, Litigation, Failure to Fund, Fraudulent Inducement and Conspiracy, Unfair Trade Practices, Dishonest Business Practices, Alleged Investigation by Federal FTC for Unethical/Unscrupulous Activities. Chicago Illinois
*Consumer Comment: Lincoln Park Capital FRAUD?
They had allegedly played some kind of shell game with her clients and basically took them away from her but also took her clients for a ride.
They also do not provide any real investments into companies. Evidently what they allegedly do is take a company shares, dump them in the market and take that cash and give it to the company. It seems they claim they need the shares to prevent delivery falure but in fact they just sell the shares before they give the cash. Text book case of a "death spiral" funder.
This report was posted on Ripoff Report on 01/24/2014 09:58 AM and is a permanent record located here: https://www.ripoffreport.com/reports/lincoln-park-capital/chicago-illinois-60654/lincoln-park-capital-joshua-scheinfeld-jonathon-cope-alleging-investigation-reveals-num-1118130. 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
Lincoln Park Capital FRAUD?
AUTHOR: GSmith - ()
SUBMITTED: Friday, May 30, 2014
They doo all you allege except that they only give back some of the money. Often, they scim 20% or more off of the top plus fees and warrants.
They are associated with scammers Fusion Capital and Aspire Capital.
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