Report: #1366365

Complaint Review: Broad Financial LLC - Monsey New York

  • Submitted:
  • Updated:
  • Reported By: James Wilson — Jackson Mississippi USA
  • Author Confirmed What's this?
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  • Broad Financial LLC 21 Robert Pitt Dr. Suite 202 Monsey, New York USA

Broad Financial LLC Jeff Astor, Madison Trust Checkbook IRA Ponzi Scheme Scam with Broad Financial LLC, Madison Trust Company Monsey New York

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BBB Complaint ID 12080014

Your complaint has been submitted and assigned the ID 12080014. For your reference, a copy of your complaint appears below. You will also receive an email with a link that you may use to view this complaint. 

The complaint is being handled by the dispute center listed below. Please contact them with any questions.

Better Business Bureau Serving Metropolitan New York (New York, NY)
30 East 33rd Street 12th Floor
New York , NY 10016
Web: http://www.newyork.bbb.org 

Complaint Detail / Problem
Complaint Type:
Guarantee Or Warranty Issues
Was working with Broad Financial to set up an IRA. During the sales process, everything was amazing however as soon as I decided to proceed and paid them the customer service came to a complete halt. After complaining about the immediate termination of any service I was told that my expectations... were out of line with what they offer. As this was out of line with my expectations and with what I was promised I immediately canceled. Broad Financial are scam artists posing as consultants., They want to set up everything for you because they fraud you in the process here how it works. You give them the name of the LLC that you would register yourself and instead they will register it the reason why is because 1. they become one of the Directors and shareholders with a stake in your company. 2. They then turn around and sell your company to you 3. After they sell your company to you, they remain a shareholder and director of your company for their own grossly enrichment benefits. --- 2. They draft their own Operating Agreement on your behalf that they do not show you nor tell you what is in it as if you knew what they wrote you would never have believed any of their lies on their website they are not even a goto company service or middleman rather they are a straight up Ponzi scheme scam. - Never have anyone other than a Professional Practicing Attorney Draft and write your IRA Operating Agreement, Never have anyone else but You Start your LLC and get your EIN from the IRS its easy and regardless of what anyone says it has 0% to do with the IRA Process as it all comes down to the Operating Agreement. --- 4, If you have broad financial do your stuff for you; then you are an idiot as You have no control or security over your wealth as they can come in being board members and take anything from you and run while not answering their phones. - From Day 3 after paying $495 I tried to cancel and get a full refund and hired a Professional IRA Attorney in which I Formed my LLC through the SOS of MS Directly online Paid $53.00 Got an EIN online via IRS.GOV - Free, and Paid my Attorney $200.00 to draft, write and file my Operating Agreement for my Checkbook IRA from there I was free to choose any custodian I wanted to I set up my bank accounts, Brokerage Accounts for stocks bonds, etc., and I am off to the races. From doing it all myself the correct way. Meanwhile, I am out $495.00 and my Smart Brains LLC, Company that I could have registered myself but was scammed into believing the false promises from Broad Financial and duped into allowing them to register it and if you search it in ms you will see that Broad Financial is listed as an officer of my company. Also if you search broad financial in any state SOS, you will see there name everywhere. - This is illegal, and a no goes, and any Attorney will tell you this. ---- I have all emails from Broad Financial, My Attorneys, The Attorneys General of the United States, The FTC, The SEC, etc. as I have filed complaints with all and am on the road to bringing a lawsuit against Broad Financial if this is not resolved this one last time.

Desired Resolution / Outcome
Desired Resolution:
Desired Outcome:
1. Full Refund of $495.00 2. Full Refund of Credit Card Fees of $175.00 from the Chargebacks 3. If Broad Financial wants to scam me by saying we only will refund you in exchange for you doing like everyone else on BBB and remove your complaint and replacing it with it was a misunderstanding so that we can continue our Ponzi Scheme scam as only 3% of scammed customers go all the way through with filing, suing, etc. to get their money back and the rest don't so that is why we ignore everyone after we scam you out of your money. --- If you offer anything like this to collude me into making a false statement in exchange for a full refund, then You will have to pay me $5000.00 To Make a false statement and reverse the truth.
Total Desired Outcome: ----- $495 - Refunded $175 - Refunded ----- Plus if you will try to handle me only to refund me if I make a false statement then you will have first to send me $5,000 before I do so as You will have to pay for that service. ---- Next step from here is the Lawsuit and an all out online campaign against Broad Financial Ponzi Scheme. Whenever your name comes up in searches, whenever someone searches IRA etc. everyone will hear about, read and now that you are a Ponzi Scheme Fraud to include be able to read everyone's complaints including all of the ones that you had professionally scrubbed off the net. As I have gone to the way back machine and downloaded all of it from the BBB and other sites. The ball is in your court you have this one last chance to make it right before All hell breaks loose and rains down on your Lucrative Ponzi scheme...
Complaint Background
Not all of these questions are required.  Please provide as much information as you have.
1. Product/Service Purchased: Checkbook IRA  
2. Model Number: Checkbook IRA  
3. Contract, Account, or Policy #: N/A  
4. Order #: N/A  
5. Purchase Date: 2/23/2017 
6. Date Problem First Occurred: 2/26/2017 

Dates you complained to the company/organization

7. First Date: 2/23/2017 
8. Second Date: 2/24/2017 
9. Third Date: 2/27/2017 
10. Payment Made: Deposit
11. Payment Method: Credit Card

Name of Sales Person

13. First Name: Jeff  
15. Last Name: Astor  
17. Purchase Price: $495.00  
18. Disputed Amount: $495.00  

This report was posted on Ripoff Report on 04/07/2017 01:12 AM and is a permanent record located here: https://www.ripoffreport.com/reports/broad-financial-llc/monsey-new-york-10952/broad-financial-llc-jeff-astor-madison-trust-checkbook-ira-ponzi-scheme-scam-with-broad-1366365. 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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