Report: #1120015

Complaint Review: Sequoia Capital Advisors

  • Submitted: Fri, January 31, 2014
  • Updated: Fri, January 31, 2014
  • Reported By: Peter Hammer — New York New York
  • Sequoia Capital Advisors
    45 Rockefeller Center, Suite 2000
    New York, New York
    USA

Sequoia Capital Advisors Philip Tesoriero Took $17,000 for an appraisal that should have cost $5000, didn't do deal New York New York

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Sequoia Capital Advisors (no relation to the "other" worldwide, hugely successful Sequoia financing company, but it's deliberately confusing) took $17,000 for an real estate appraisal from me for a commercial loan they were considering on my property. I have since found out that this appraisal should have cost no more than $4000-5000. I do not believe they ever had any intention of giving the loan either but sure collected a nice fee in advance for considering it. Sequoia is run by a man named Philip Tesoreiro.

I believe they are taking large fees for appraisals and not doing many actual loans. Either way, they get paid.

They have a fancy Manhattan office address but another reporter on Rip-Off Report has stated that this is a "virtual" office and they don't actually work there. I have been told that they work in Howard Beach, N.Y.

I am eager to speak to any authorities investigating these people. I have documents, checks, and a very interesting witness. You can contact me via Rip Off Report.

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This report was posted on Ripoff Report on 01/31/2014 09:44 PM and is a permanent record located here: http://www.ripoffreport.com/reports/sequoia-capital-advisors/new-york-new-york-10011/sequoia-capital-advisors-philip-tesoriero-took-17000-for-an-appraisal-that-should-have-1120015. 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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