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Report: #374385

Complaint Review: Berma Capital Corporation - Schaumburg Illinois

  • Submitted:
  • Updated:
  • Reported By: Falls Church Virginia
  • Author Confirmed What's this?
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  • Berma Capital Corporation 5OO E. Remington Road, Suite 1OO Schaumburg, Illinois U.S.A.
  • Phone: 847-49O-9O52
  • Web:
  • Category: Loans

Berma Capital Corporation, Richard Tauber Berma Capital Corporation - Richard Tauber Don't get ripped off by these A**holes Schaumburg, Illinois

*Author of original report: T-Mobile Shareholders Beware

*Author of original report: Berma Capital - Richard Tauber

Show customers why they should trust your business over your competitors...

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If you are considering doing business with this company for private equity financing, think twice. They will ask for a 'good faith deposit' under specific language in their agreements which is deliberately worded to make you believe that if they do not achieve your financing, the deposit will be refunded. Initially they delivered us a term sheet, later modified to something within reason and requested a 'refundable' deposit. They are friendly until they receive your money and then the honeymoon quickly becomes a hangover. Our experience with them was shocking to the point of feeling robbed at gunpoint.

It is our opinion that this company deliberately and intentionally commits fraud against its would-be clients for personal gain. Richard Tauber, Berma's President, is the most unprofessional person (worded nicely) I have ever dealt with and I would openly warn anyone doing business with him or this company to avoid paying them any money upfront money regardless of their promises. No private equity company worth their salt would ever ask for a good faith deposit.

If it were not for the absence of negative consumer feedback we would never have engaged them but I suspect that they prey on vulnerable elder borrowers and brokers who do not have the means to stand up for themselves and who do not report their horiffic experiences.

Berma are brokers and not traditional private equity investors. While I'm sure they have brokered successful apartment loans between lenders and perhaps desperate borrowers in the past, they do not have the wherewithall to represent a decision making lender in this process and should not be relied on as a lender.

Don't be ripped off by this company.

Swf
Falls Church, Virginia
U.S.A.

This report was posted on Ripoff Report on 09/19/2008 11:04 AM and is a permanent record located here: https://www.ripoffreport.com/reports/berma-capital-corporation/schaumburg-illinois-60173/berma-capital-corporation-richard-tauber-berma-capital-corporation-richard-tauber-don-374385. 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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#2 Author of original report

T-Mobile Shareholders Beware

AUTHOR: Swf - ()

POSTED: Friday, January 09, 2015

I filed a report about T-Mobile's incompetence today based on my own horrific experiences. Clearly their upper level managers should be fired by the out-of-touch Board of Directors. They are completely out of touch with their customers and as much as their customer support personnel try to help, they can't, beccause they are locked out of the decision making process. If you are a T-Mobile shareholder, run like hell. 

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#1 Author of original report

Berma Capital - Richard Tauber

AUTHOR: Swf - (U.S.A.)

POSTED: Tuesday, September 23, 2008

If you have lost money to these people, please post here also.

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