Complaint Review: David Maiers, AMG Finance LLC - Carson City NV
David Maiers, AMG Finance LLC Individual named bank accounts used: 1. Linda Lane with Bank of America No. 488074678543 2. Janet Sue Marohnic with Wells Fargo No. 8120326791 3. Janet E. Angus Tavizon with US Bank No. 299383528161 4. Ellyana Barreras with Bank of America No. 325095829120 5. Sylvanus Weathersby IV with Ascend Federal CU No. 145462503130 6. Maria de Loudes Velasquez with Bank of America No. 3340-4025-0086 7. Debra Meyer as cash pick up via WU 8. Carolina Russell as cash pick up via WU David Maiers stole $17,371 as loan related upfront fees without delivering the loan as a lender Carson City NV Nevada
*Author of original report: David Maier made final rush urging us to pay final $3,800 "Escrow Fees" and behaved wrongly with full of lies and misconducts
*Author of original report: Recently used phone numbers for texting
*Author of original report: David Maier's scams taken place and total amount stolen reached to $30,408.00 as of 10.05.2018 with no delivery of loan
*Author of original report: David Maiers continues his scam attempts to steal addiional $1760 by submitting a toy fake bank letter
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David Maiers, President of AMG Finance LLC in Nevada sent an email via his gmail account to our President CEO on January 02. He porpsed that he would lend his fund at 6.0% p.a. of whatever amount our business project requires. His proposition was the only fee that the borrower shall make prior and later of the loan disbursment was $2,860 and nothing else.
Since then a series of loan discussion started and the $2,860 was paid by our company on Jan. 19th 2018. Immediately afer the payment was made, David Maiers changed the way to negotiate about the loan term and conditions. He brought up numerous other upfront fees such as Insurace Fees, VAT Fees, Transfer Fees, etc. by keep telling that immediately after such fees are paid, he would deliver the promised loan fund immediately. While our company was seriously looking for a long term project finance, we reluctantly decided to pay such previously undisclosed fees and before the final loan agreement was concluded on 3/20, the total payment of upfront paid fees rose to $12,671.
After long disputes on the hidden fees and timing of fee payments made, the very final loan agreement was finalized and validated on 3/20 and it was expected the timely delivery of the loan fund on the same day 3/20. But it never occurred.
We started to complain against the lender, David Maiers for the non-delivery of the loan and claimed the default by lender. However, instead of expressing his apology, he started to argue about new fees such as closing fees, transfer fees, and additional VAT receip fees for totaling $4,650 must be paid prior to the final loan fund delivery to us. We all here know well such business conduct of upfront fee collection in regulated lending business is totally illegal and violation of regualtions. But, becasue of our urgent necessity to get the project funding completed, we reluctantly made payment of such last minute disclosed hidden fee for $4,650 on 4/05.
As of today, the loan has not been delivered to us. And still he is claiming that we must pay other upfront fees. At this time, we decised not to continue working with him as we don't see any professional legitimacy in his company and his quality as business professional.
The damage caused so far for past 4 months is uncountable not only in menetary loss but also the time and opprtunity costs all lost.
This report was posted on Ripoff Report on 05/04/2018 11:46 AM and is a permanent record located here: https://www.ripoffreport.com/reports/david-maiers-amg-finance-llc/carson-city-nv-89703/david-maiers-amg-finance-llc-individual-named-bank-accounts-used-1-linda-lane-with-bank-1441534. 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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