• Report: #516937
Complaint Review:

Todd Spenla - Microbanc

  • Submitted: Thu, October 29, 2009
  • Updated: Thu, April 26, 2012

  • Reported By: Bradley — New York City New York USA
Todd Spenla - Microbanc
87 FRANKLIN PL New York, New York United States of America

Microbanc - Todd Spenla - is a pathological liar and thief New York, New York


*Consumer Comment: Todd: Your Response is "Well Written?!"

*REBUTTAL Owner of company: Microbanc and Todd Spenla

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I need to alert other people because I am a victim of Todd Spenla's brokering.  Todd Spenla - Microbanc - New York City is a pathological liar and thief.  Todd Spenla currently has 4 lawsuits against him from 'clients' that paid him a retainer fee to perform.  His m.o. is to ask for a retainer fee upfront and promise to deliver executed deals.  Beware of Todd Spenla.  Do not give your hard-earned money to this common thief.  Todd Spenla masquerades as a very successful NY broker, all the while his 'office' is a garage it his home.  Todd Spenla is nothing but a common golf instructor.  He even gives golf instructors a bad name.  All you have to do is Google Todd Spenla.  Todd Spenla is discredited by many and respected by none.  All you will see is lawsuits, one after another, against him and Microbanc, which is his company.  They are from his other 'clients' that are trying to get their retainers back, but have not been able to.  The only money that Todd Spenla, this disgusting excuse of a human being, has made this past year, is those unfulfilled retainers.  Save your money, yourself, and a potential headache.  Don't do business with this shyster -Todd Spenla.

This report was posted on Ripoff Report on 10/29/2009 02:41 PM and is a permanent record located here: http://www.ripoffreport.com/reports/todd-spenla-microbanc/new-york-new-york-10013/microbanc-todd-spenla-is-a-pathological-liar-and-thief-new-york-new-york-516937. 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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Updates & Rebuttals

#1 General Comment


AUTHOR: Salvatore S - (USA)

After careful investigation regarding this report PLEASE BE ADVISED that the malicious review was posted by an angry ex-girlgriend whose significant other is a competitor. If you look thru all the complaints they are pretty much from a similar fake account name between hole_in_one_whistleblower and thewhistleblower etc... and a month apart. She is venting her frustrations regarding Todd Christopher Spenla through libel. Name calling like dork, poseur as as hair dye jokes, grammar and tribal tattoo references are of personal nature. Clearly not a professional relationship as the alleged "consumer" claims, all the while disguising behind false names and email addresses to make a point is just that, FALSE!!! Unfortunately the buden of proof falls on Mr Spenla that is h*e this iste works.  Although is should demand for the alleged "consumer" to bare a burden prior to publishing poisonous words thus tarnishing a man's reputation with out any foundation at all.

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#2 Consumer Comment

Todd: Your Response is "Well Written?!"

AUTHOR: A Republican Broker - (United States of America)

Apparently, grammar and spelling is NOT high on the agenda at whatever college you attended...or maybe, the high-dollar world of collegiate golf (sarcasm) got you out of English classes.  Your response letter is laughable and sad, frankly.

I've done some simple online searches and the internet is chock-full of stories about your con-man tactics!  Hell, I even got an email from a guy who was looking to get in touch with you because you 'took him' for tickets to the US Open!  Good Lord, do you EVER pay for anything?!  You're a scheister and a thief and eventually those law suits are going to catch up with you! 

And you dye your hair?!  ROFL!  OMG!  What a poseur!  And tribal tatoos?  Are you serious?  What a dork.
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#3 REBUTTAL Owner of company

Microbanc and Todd Spenla

AUTHOR: Todd Spenla - (United States of America)


To Whom It May Concern:

This rebuttal comes from the desk of Todd Spenla, Senior Managing Member and CEO of Microbanc, LLC. The above posting clearly comes from a disgruntled former employee. It is poorly written and contains a host of misrepresentations and inaccuracies. I will address each claim separately.

Firstly, Microbanc is a New York based global investment banking group. Our firm specializes in advising and raising capital for micro-cap and startup companies in a variety of sectors. My colleagues and I have a plethora of professional credentials in the investment banking and advisory industry. Our past successes have enabled Microbanc clients to raise hundreds of millions of dollars to help fund their respective ventures. Microbanc has a long list of success stories - over two-dozen completed transactions. Even during the present financial crisis, we have managed to navigate our clients with successful outcomes.

Secondly, we are, indeed, a retained firm for consulting services which include: advisement, valuations, preparing institutional quality business plans and proformas, Private Placement Memoranda (PPM), subscription documents, and, of course, providing exposure to our Rolodex of accredited investors in the capital markets.  We pride ourselves in being a very selective with whom we work, and provide a full range of services to our clients. Our goal is to be a "one stop shop" for micro-cap and startup companies - that is Microbanc's motto.

Thirdly, we participate in a number of charities. In fact, I am an assistant golf coach at NYU in my spare time, and receive a salary of $1 per year.  I am very active within the NYU community, as well as at my alma mater, Florida State University, where I received a full athletic scholarship.

Fourthly, Microbanc's corporate headquarters is based in New York City. We maintain a strong syndicate of partners that participate with us on a deal-by-deal basis. As such, Microbanc enjoys a tremendous deal-flow, allowing us to attract a "best of breed" client list with whom we work on a confidential basis. At Microbanc, we pride ourselves on providing personalized service and maintaining exceptional client relationships. This is our credo and something larger investment banks lack.

Finally, neither Microbanc nor I have ever been sued or involved in any lawsuits. If there are any inquiries about specific information regarding Microbanc and its activities, please contact us at the below referenced numbers.

Very sincerely your,

Todd Spenla
Managing Partner/ CEO

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