ED Magedson – Founder
Spartacus Partners Corp./Andrew Glass545 Eighth Avenue New York, New York USA
Spartacus Partners Corporation/Andrew Glass The Earn Fee Scam/ New York New York
We hired this company has banker to facilitated a loan for the development of a project, they requested a $310,000,000.00 dollars to cover for their services, due diligence and related fee of the loan provider we wire the money toa escrwo agent attorney David Michail where he was going to hold the money to paid the services fee from Andrew glass and his company, and the loan provider "closing fee" or related expenses to the loan. They expected to fund the project 90-120 days after and never happen, they did sent a week after we sent the money to the attorney the related documentation to the escrow attorney with documents from the provider to received the related funds, but the provider that supposedly was a different company was Spartacus Partners Corp./Andrew Glass them self has we later fopund out by one of his former partners and President Kevin Gluckstal all the scam structure and where all the money and the provider was the same person and all accountts where the money went oversee to a institution call Metropolitan Holdings all control by Andrew Glass, has Kevin Gluckstal describe, the attorney escrwo David Michail never check the documentation and or the authenticity of the lender provider request, the money went to the same account of Spartacus Partners? or Andrew Glass, owner. The loan never occurred we had a meeting on his attorney on June after hundred of a call email requesting attestation of the service requested, and the all meeting was a disater, we 1st was told by Andrew Glass the original agreement was not good we need it to do a new agreement and created anew partnership where he and his attorney William Levine form Pryor and Cashman was going to be on the board and the 3 of us will have a board call Mexican Stand off, I requested before anything a proof of funds and of course the respond was what expected no rpoof of funds and after that meeting we cancel all contracts, and ask for our money back, they said they will refund our money less the $75,000.00 earn fee of Spartacus efforts ( Still dont know which efforts or the reason why the money went ourt of the escrow attorney since no loan provider was never in existance) for a total of $225,000.00 even that they never did anything or much less refund any part of our money, at the end all it is what is call a "earn fee scam" we never received a penny, and we found multiple companies and individuals that they have done this scam, they structure the agrements to lock you in and the amount of fees to expensive to fight in court and not big enough that goverment agencies will do anything, the reason of this report is to help other avoid and prevent from falling into this trap. hope this help all honest and hard working consumers.
This report was posted on Ripoff Report on 08/23/2013 04:45 AM and is a permanent record located here: http://www.ripoffreport.com/reports/spartacus-partners-corpandrew-glass/new-york-new-york-10018/spartacus-partners-corporationandrew-glass-the-earn-fee-scam-new-york-new-york-1078338. 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.
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