Complaint Review: United Midwest Savings Bank - Columbus Ohio
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- Author Confirmed
- United Midwest Savings Bank 6460 Busch Blvd #200 Columbus, OH Columbus, Ohio United States
- Phone: 614-538-2443
- Web: unitedmidwestsavingsbank.com
- Category: Banking
United Midwest Savings Bank First Mutual Finance Provided predatory loans in collusion with a fraudulent company/ponzi scheme Columbus Ohio
*Consumer Comment: You Have Serious Wrong Information. The BBB Has ZERO POWER To Force ANY Business To Do Anything!!!
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United Midwest Savings Bank First Mutual Finance This bank gave out about 100 loans, which I consider to be predatory in nature, in collusion with a company called Trusii. These water machines costed consumers between $7600 and $10,000 and were purported to be effective in treating many illnesses.
Trusii wrote contracts to all its clients, promising to pay the monthly loan amount for participating in a medical case study. Trusii, after getting their money up front from United Midwest Savings Bank, then stopped paying the loans, which was a breach of contract.
Upon contacting UMWSB, they refused to look into this and instead hired an attorney to stonewall everyone who was victimized by this ponzi scheme. Law enforcement has stepped in and 2 banks have already forgiven the loans and are now suing Trusii for fraud.
Further, UMWSB did not do their due diligence in valuating these loans - Chris Kennedy, the CEO of Trusii wasn't even named on the LLC. This was also no legitimate case study, as there was no medical supervision. Chris Kennedy had already been arrested and convicted of Federal Fraud and UMWSB did not care to notice this or didn't do their due diligence.
The BBB of Cleveland has forced another bank to have Trusii buy back their loans and repay their customers any overpayments due. Even after all of this, UMWSB refuses to do the right thing, morally and ethically and is forcing victims to continue to pay for these bogus loans and threatens to damage their credit if they do not.
After emailing and directly calling them, UMWSB has been rude, dismissive and plain mean at times. I would not recommend this bank to anyone and I believe they are unethical at the highest levels. Columbus Ohio
This report was posted on Ripoff Report on 12/09/2019 05:07 PM and is a permanent record located here: https://www.ripoffreport.com/report/united-midwest-savings-bank/columbus-ohio-first-mutual-1488839. 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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#1 Consumer Comment
You Have Serious Wrong Information. The BBB Has ZERO POWER To Force ANY Business To Do Anything!!!
AUTHOR: Momo - (United States)
SUBMITTED: Friday, December 13, 2019
First off, I've heard nothing but bad things about this merchant. I am not minimizing the problems you've had. However, MAJOR MISINFORMATION is contained in your report. The BBB and all their BS, is NOT part of ANY government or law enforcement body.
The BBB-BS is NOT the "business police". The BBB with all their deceptive BS has ZERO POWER to force ANY business to do anything. The ONLY purpose of the BBB-BS is to sell their PHONEY "accreditations" and PHONEY "ratings" to ANY business which wants to BUY them.
At the same time, they have taken a concerted effort to DECEIVE the public into thinking they are part of government and law enforcement by calling themselves "the bureau" just like a REAL law enforcement agency would do. The words"fake" and "deception" go hand-in-hand with the BBB-BS such as with their FAKE "mediation" process.
The FAKE "mediator" is a paid employee or contractor who works for the BBB-BS which means it is NOT a real mediation service. The PAID "MEDIATOR" is NOT going to rule against a BBB paying customer who bought their PHONEY "accreditation". Just a few words to let you know the BBB and their BS is not what you may think they are and they have ABSOLUTELY ZERO POWER to force any business to do anything!
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