Complaint Review: Health Capital Investors - New York New York
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- Author Confirmed
- Health Capital Investors 545 5th Ave, 9th Floor New York, New York USA
- Phone: 2124214040
- Web: healthcapital investors.com
- Category: Pharmacies
Health Capital Investors Steven Nitsberg, Healthcare Receivables Funding, Health Capital aggressively pursued transaction, took a diligence deposit, and disappeared. New York New York
*Consumer Comment: Steven Nitsberg Should Be Avoided Like Plague
*UPDATE EX-employee responds: Former Employee of Health Capital Investors ,a/k/a Healthcare Receivables Funding, LLC
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Our company contacted Steven Nitsberg, founder and owner of Health Capital Investors, about providing a credit facility. Steven Nitsberg's father Michael is also involved with the "business" as a marketing rep. The Nitsbergs were very aggressive in their sales pitch and when asked about their ability to scale with our company's needs they indicated that their family had made a significant amount of money in the oil industry and had hundreds of millions to lend. They also mentioned several times that Steven Nitsberg was a graduate of West Point and Harvard. They stated that they had funded many transactions, but would only provide references after we entered into a term sheet and paid the diligence fee. Based on their repeated assurances, we paid the fee.
Once the diligence fee was paid, the Nitsbergs became very unresponsive and would not provide the references and certain other information that we had requested in order to diligence them. The financing was targeted to close by October 31, and by mid-November they had still not done any material underwriting. After several emails went unanswered we made the decision to seek financing elsewhere and within two months had closed on a credit facility with a reputable ABL. I know of another individual who ran a similar advance fee scam for years and as a result is serving 18 years in prison. We would be very interested in working with other individuals who were scammed by the Nitsbergs to see that they meet the same fate.
This report was posted on Ripoff Report on 09/07/2017 03:25 PM and is a permanent record located here: https://www.ripoffreport.com/reports/health-capital-investors/new-york-new-york-10017/health-capital-investors-steven-nitsberg-healthcare-receivables-funding-health-capital-1398532. 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
Steven Nitsberg Should Be Avoided Like Plague
AUTHOR: WN - (United States)
SUBMITTED: Monday, January 13, 2020
My company located in Worcester, Massachusetts gave Steven Nitsberg over 35K to facilitate funding for our young healthcare company. This was way back in 2017. He sent me 2 bank accounts to wire him the 35K, one was located in Vermont and the other in Connecticut.
After he confirmed receiving the funds, that is where the problem begun. He started getting elusive and rarely picked up his phones and whenever he did, he created cryptic requirements which were nothing but delaying tactics.
We later reached a repayment agreement for him to refund the money in 2018 after I threatened to sue him. He paid up as scheduled until Oct of 2018. Currently, he has over $10K still outstanding. He has refused to pick up my calls or return my emails.
Last year, April of 2019, he came up with another response scheme where he had some "fake" assistant respond to my queries via email. The fake assistant would respond to my emails by stating that Steven Nitsberg had had suggery that had put him out of commission. He's been out of commission ever since. Buyer Beware!
#1 UPDATE EX-employee responds
Former Employee of Health Capital Investors ,a/k/a Healthcare Receivables Funding, LLC
AUTHOR: PreviousEmployee - (United States)
SUBMITTED: Thursday, April 12, 2018
I can attest to the fact that Steven did have clients numerous healthcare factoring clients initially and was seemed ok the first 7 years working there. After many years of of knowing him in business (as secretive as he was with us), I do have my opinion for all of you victims on here:
The answer is Yes, to all of the below questions.
Steven Nitsberg be avoided like the plague, in business?
Do I think the allegations on ripoffreport are true?
Has he commited criminal fraud against his clients and employees?
Does he take advantage of clients and employees?
Should he be put out of business? Duh
Should any person or business in the world trust him with their money?
If any of you need a witness, feel free to contact me any time.
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