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Report: #1362861

Complaint Review: Cix - Connected Investors Exchange - Internet

  • Submitted:
  • Updated:
  • Reported By: First Real Estate Companies — Las Vegas Nevada USA
  • Author Not Confirmed What's this?
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  • Cix - Connected Investors Exchange Internet USA

Cix - Connected Investors Exchange Allows Fraudulent Scammers to Affiliate as Hard Money Lenders. Scammers are using others names and fake email addresses to get personal information and up front loan fees from unsuspecting would be investors. North Carolina

*Consumer Comment: Cix.connectedinvestors no call backs from anyone

*UPDATE Employee: Misunderstanding

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We have had phone calls from at least 4 would be real estate investors who signed up with Connected Investors which is an online platform for real estate investors to connect. These people who called my firm were contacted by fraudsters posing as our reputable Real Estate Brokerage in Las Vegas, to attempt to get their personal financial informatin and up front "loan fees." The fraudsters/scammers open fake email accounts (gmail, yahoo and outlook) using our company name and send emails to people directing them to an outdated secretary of state listing for our company so that they "appear legitimate."

Connected Investors is somehow allowing their members to be contacted by these fraudsters and don't seem to have a vetting process to weed out real lenders and false lenders.  

We have contacted our local police, reported these people to the various email providers as well as the FBI's internet fraud division.  

I have attempted to reach Connected Investors and no one calls me back.  

 

 

This report was posted on Ripoff Report on 03/20/2017 11:31 AM and is a permanent record located here: https://www.ripoffreport.com/reports/cix-connected-investors-exchange/internet/cix-connected-investors-exchange-allows-fraudulent-scammers-to-affiliate-as-hard-money-1362861. 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 Consumer Comment

Cix.connectedinvestors no call backs from anyone

AUTHOR: zzsam - (USA)

POSTED: Saturday, October 28, 2017

I signed up for this a couple times and no one responded back to my query. I think they are not up front and an honest business. They just take names and are representing themselves as a lender when they are only a facilitator, meaning you may or may not have a chance in securing a lender or investor.

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#1 UPDATE Employee

Misunderstanding

AUTHOR: CIX CTO - (United States)

POSTED: Friday, May 05, 2017

I am the CTO of Connected Investors and spoke directly with the principle of the company filing this report, apparently soon after she filed this report.  

I understand her frustration.  Unfortunately, her understanding of the facts was incorrect.  While it appeared to her that CI had some culpability here, in actuality someone was utilizing a phishing scheme victimizing a person in her own company.  That scammer, posing a person in her company, targeted members of CI, because CI is the largest online network of real estate investors.

Now, at Connected Investors, and by extension, CIX, we constantly strive to educate, educate, educate, real estate investors about how to qualify, do the due diligence, and take precautions when it comes to Lenders - especially when they ask for upfront fees.  

In addition to education, we take very aggressive steps to protect our members from online scammers.  These include a number of technology measures, constant scrutiny from our entire staff, and pursuing law enforcement avenues whenever possible.

Finally, the network of lenders that are part of CIX, are each one vetted, credentials verified, and credible business relationships are established.  This is not some hodge-podge group that anyone can join.  Protecting our lenders' reputations is of paramount importance.  If we didn't do an excellent job of that, they wouldn't want to be associated with us.  But clearly, we do, and they do.

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