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Report: #1155925

Complaint Review: Craig Scott Capital - UNIONDALE New York

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  • Reported By: Concerned Investor — Hernando, Florida
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  • Craig Scott Capital 1225 RXR PLAZA - 12TH FLOOR, EAST TOWER. UNIONDALE, New York USA

Craig Scott Capital, Craig Taddonio, Brent Porges, Joe Gentile, Edward Beyn Fraud, Churning, Scam, Criminal Charges UNIONDALE New York

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Craig Scott Capital is a complete scam.  They pretend to be a full servicce brokerage firm but are not in any way shape or form.  Some young man called me repeatedly insisting that I purchase some stock from him.  After about 15 phone calls I agreeded to give him a try and i purchased about $5,000.00 worth of HIMX.  Seemed like a good idea at the time.  Oh was I wrong.

 When I recieved some paper work my concerns started when I saw I was charged a $99.00 "firm commission" after the broker promised me that I wouldnt be charged any commission.  When I inquired about it he had a quick witted answer and brushed me onto another topic.  I was starting to feel uncomfortable but I am a man of my word so I sent him a check for the trade.

 About three weeks later I recieved a call from someone named Edward Beyn.  This gentalmen claimed to be partners with the orignal person who I had opened the account with so I entered into conversation with him.  Edward rambled on about being this seasoned broker who managed tens of millions of dollars and convinced me to send him $200,000.00 for an investment in some other stocks.  These were suppose to be long term investments.  A month after the stocks were bought I got another phone call form Edward.  This time he seemded in a hurry and told me we had to sell all of the stocks we bought.

Then the trading began.  Edward entered me into his Earings program.  Bottonline he churned my account.  Traded for his own benafit,

This report was posted on Ripoff Report on 06/19/2014 06:18 AM and is a permanent record located here: https://www.ripoffreport.com/reports/craig-scott-capital/uniondale-new-york-11566/craig-scott-capital-craig-taddonio-brent-porges-joe-gentile-edward-beyn-fraud-churni-1155925. 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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