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Report: #1522404

Complaint Review: Max Infinity Fund - New York New York

  • Submitted:
  • Updated:
  • Reported By: Agostino — United States
  • Author Confirmed What's this?
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  • Max Infinity Fund 40 Wall Street New York, New York United States
  • Phone: 2038323718
  • Web:
  • Category: Fraud

Max Infinity Fund Coercive sales efforts New York New York

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Maxinfinityfund – represented by Jerry Sarabella and Chester Scotland – in a very abusive way tried to get me to buy $11,500.00 worth of shares in "Chime” and under the auspices of the Max 7 A Series of the Max Infinity Fund. It started with a telephone call by Jerry Sarabella who basically demanded that I agree to buy share. I was not able to say a word and just before he hung up, he said he was sending me documents by FedEx. This occurred on October 27, 2022. I returned the FedEx with a note that I was not interested. The following Monday I received a call from somebody – also fast talking – at the company, yelling at me and threatening me. He claimed I had been taped agreeing to buy the shares. New York makes it a crime to record to record or eavesdrop on an in-person or telephone conversation unless one party to the conversation consents. (N.Y. Penal Law §§ 250.00, 250.05.). I never gave such consent. It is the same in New Jersey. The Chime IPO has been delayed multiple times. Further research showed that the "Max Infinty Fund” has a questionable track record, in 2022 the former founder of the company was charged with fraud (see also https://www.sec.gov/news/press-release/2022-29) At least one broker was cited for violating FINRA rules. This firm uses very aggressive tactics to coerce people to invest.

This report was posted on Ripoff Report on 11/07/2022 10:10 AM and is a permanent record located here: https://www.ripoffreport.com/report/max-infinity-fund/new-york-coercive-sales-1522404. 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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