Report: #1125941

Complaint Review: Morgan and Lynch Group Inc.

  • Submitted: Sun, February 23, 2014
  • Updated: Sun, February 23, 2014
  • Reported By: Eduardo — Miami Florida
  • Morgan and Lynch Group Inc.
    2100 w 76 st suite 306
    hialeah, Florida
  • Phone:
  • Web:
  • Category: Loans

Morgan and Lynch Group Inc. Luis De La Riva, Iosdalmia Rodriguez, Armando Leon, Carlos Zepeda, Regions Bank, TD Bank loan fraud and deception hialeah Florida

*Author of original report: irrelevant response from Luis

*REBUTTAL Owner of company: Morgan & Lynch Rebuttal

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Luis De La Riva presents himself as a business loan broker. He promises a guaranteed approval for a business loan. He initially requests bank statements, id, and all other pertinent business documents such as licenses, occupational permits etc. After a few weeks he says that everything looks good but that he will need an application fee to process the application. He asks for $1,500 per bank. I say per bank because he says that he cannot obtain the desired amount from one bank only, that he must submit applications to multiple banks simultaneously, when asked about the legality of this he says that it is perfectly legal.Luis said that the money is not for him, that he has to give it to the branch manager of each bank. Luis then takes your money and tells you that the loan will be approved in less than a month. He sets up meetings with the client and bank managers at his office. The strange thing is that even though the client hands documents and personal information to him plus a large sum of money, he never provides any contract or agreement to sign. There is no license or certificate on the wall to indicate that he is in fact a licensed  broker, neither is there information about him on the internet. The corporation is under his wifes name. Her name is Iosdalmia Rodriguez. She is his only employee. They are seldom in the office. A month passes and still no approval, then 2 then three and all he says to the client "you have to have patience. Him and his wife are never in the office. Every time you call them hey are eating lunch in a restaurant, that seems to be their biggest and most important event of the day after scamming someone. After 3, 4 months passes Luis says "I have great news, its almost approved, if you could get an approval as soon as 3 days from know would you do something to get it? The desperate client is eager to accept anything so Luis takes advantage of this and asks for additional money to give to the bank manager to expedite the underwriting process. Well in the end the client is left without the application fee and without the loan. It all seemed very real. The branch managers even meet with the clients!!!!! Luis sometimes gives back the money and sometimes not depending how aggressively the client demands a refund. Even when he does return the money its like he got an interest free loan for more than 6 months plus had access to personal financial information. The bank employees that I can speak of because I saw them for myself are Armando De Leon of TD Bank of Hialeah and Carlos Zepeda of Regions Bank. Please do not fall for this SCAM. If it sounds too good to be true RUN AWAY. By the way, the address that is on file for them on sunbiz is an old one. They moved out over a year ago but they have not updated it on sunbiz. They are now in a 2 story building that looks like it used to be a hotel with no elevators that is on NW 36 ST. IN MIAMI between 6-10 blocks east of the Palmetto expressway close to TGK Detention Center (Ironic isn't it???)

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Updates & Rebuttals


#1 Author of original report

irrelevant response from Luis

AUTHOR: victima de mentira - ()

This people must have problems with many people because this response refer to a woman as the complaintant and in my case there was no woman involved. Only man no woman. I report this man to help others avoid be victim. To refresh his memory I had good credit and did not need to ask no one else credit. This man say many lie to me and other people that he promised a loan to. He got one of my friend a loan that went ok but he took money from me and my other friend and no result and I have proof and many witness that know you

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#2 REBUTTAL Owner of company

Morgan & Lynch Rebuttal

AUTHOR: Morgan and Lynch - ()

Please consider this my formal response to the following report.


To start of with, this report was difficult to respond to because the person that wrote it was anonymous, however we as a company made the decision to respond. Lets first start of by the security deposit that we request, which is to cover expensive related to the application process. If the application for some reason is decline we refund the money like they specified at the end of the proclamation. They also stated that the deposit was to give to the bankers mentioned, which is totally false.Those individuals only help customers achieve their goals obtaining open accounts, and other bank services. This person stated that she didn’t see any certificates of  the job we do as a company, but you don’t need to be licensed to be packager.



The only unhappy customer in this case I think is the person that wrote this proclamation. After we performed our job, we helped her gather all the documentations, put all the papers in order, met with their CPA and get the proper signatures, she then obtain from the bank two lines of credit. However, the president of that corporation which was a friend of hers, that she was using for good credit backed out of the transaction of fear of ruining her credit, of misconduct or irregularities in the management of their company.


In no given time did we act with bad faith, we were just doing our job. We respond to all phone calls during the whole application process, we request documentation when it was needed and solicit any signature when it was necessary. Our job was done, we delivered the product and they didn’t take it. Nevertheless, after our hard work, time, dedication and expenses that we as a company put into this particular client, we refunded the deposit to the last penny. These aren’t just statements, we have proof of everything said.


There’s nothing that we do in our company that involves any type of scams and I hope this respond will be enough to silence any wrong ideas.

 The management





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