Complaint Review: Wall Street Private Equity Group
Wall Street Private Equity Group Inc filed for bankruptcy in October 2012. It wasn’t dismissed in bankruptcy until this month. None of its current employees have ever completed a merger of consequence by themselves. Wall Street Private Equity emerged from bankruptcy with only a fraction of its cash left and no immediate major acquisition transactions pending.
Their Vice President Steven Blum (real name Steven Blumberg) was arrested last year for beating his wife and instead of incarceration spent several months taking anger management classes and received probation. Mr. Blum has told various individuals that his wife was having an affair with the handyman in his condominium complex and that impacted on his actions. Mr. Blumberg was sued by his condominium seeking eviction for nonpayment and other related matters.
If you ask the individuals at Wall Street Private Equity to give you a dozen references of mergers that they personally completed without anyone else’s involvement or support they won’t be able to give you even one.
The company formed Business Sold by Owner and sold more than 100 very small companies a program and in general abandoned providing services to them causing numerous unhappy clients.
Mr. Calabria joined Wall Street Private Equity in 2011 as a part time bookkeeper making between $12-$15 an hour. By changing all of the bank accounts over to his name as well as the name of all of the stock certificates, he convinced the bankruptcy judge that he had the right to file the petition. Mr. Calabria is an older man in his 60’s with health problems.
Are these the type of people that you want handling the sale of your company?
An Industry Executive Fort Lauderdale, FL
This report was posted on Ripoff Report on 05/29/2013 09:45 AM and is a permanent record located here: http://www.ripoffreport.com/reports/wall-street-private-equity-group/boca-raton-florida-33498/wall-street-private-equity-group-beware-of-selling-your-business-to-wall-street-private-1054657. 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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