Report: #1154038

Complaint Review: SBC Financial Corporation - New York New York

  • Submitted:
  • Updated:
  • Reported By: Aranha — New York New York
  • SBC Financial Corporation 261 West 35th Street New York, New York USA
  • Phone: 646-650-5700
  • Web:
  • Category: Loans

SBC Financial Corporation SBC Corporation, John Butler, Nationwide Advance Corporation Employment Scam, Fraudulent Lending Scheme New York New York

*Author of original report: To the empty threat


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Same exact spiel as Fast Source Capital. Promised a Series-7 sponsorship, but neither firm nor John Butler are registered with FINRA meaning they have ZERO intention nor ability to conduct such license sponsorship. By the time you leave on your first day, assuming you have an IQ over 100, you will feel like you were part of some weird brain-washing attempt. They ring that stupid gong for ANYTHING, so even if they are 'closing deals' (IE: scamming business owners), keep in mind that that bell means NOTHING, and it's the dumbest thing I've ever seen in any 'corporate' office. The bathroom probably is a give away that you are surrounded by slime-balls. The guy is clearly hopped up on drugs. They basically SELL you into the job, the same way they SELL people into their loan scam. I was dubious but somewhat willing to accept that hey, maybe stock brokers do all take massive quantities of drugs. Not registered with the NY Secretary of State's business registration and they are one big (small office...) fraud/scam. Do not waste any time on the phone with them. They operate as SBC Financial Corporation, SBC Corporation and apparently also call out as Nationwide Advance Corporation and feed a bunch of lies in their script. Anyone who can't see this is a huge scam right on day one is interested in believing fairytales that they will run their own branch office. What branch office? They only have one and it's being run by a coke-head.

This report was posted on Ripoff Report on 06/11/2014 04:01 PM and is a permanent record located here: https://www.ripoffreport.com/reports/sbc-financial-corporation/new-york-new-york-10001/sbc-financial-corporationsbc-corporation-john-butler-nationwide-advance-corporation-em-1154038. 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 Author of original report

To the empty threat

AUTHOR: Aranha - ()

POSTED: Monday, July 21, 2014

Have you guys filed with FINRA yet? No? Then you're still a complete scam. What are your funding sources? Why are you not registered with the NY SOS? Don't make empty threats it makes you look stupid.

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#1 UPDATE Employee



POSTED: Sunday, July 20, 2014

John Doe 1-5


Re:          SBC TELECOM CONSULTING INC d/b/a SBC FINANCIAL et al v. John Doe 1-5


                Our File No.:  400-77

5 DAY Notice

Dear John Doe 1-5: 

                This firm has been retained in reference to the captioned matter. SBC TELECOM CONSULTING INC is in the business of purchasing receivables at discount prices. SBC TELECOM CONSULTING INC d/b/a SBC FINANCIAL is now the assigning employment agent pursuant to the company assignment. Michaels & Michaels Partners Inc is the arbitration agent attached to this firm. All information in this post is inaccurate and defames the SBC corporate image.

The above-mentioned matter requires your immediate attention. Annexed above this letter is the exhibit of a threat and a defamatory statement that was transmitted VIA this post from your office on or about February 10 2014. Should you continue with defamatory statements toward SBC and/or its affiliates, partners, and successors our firm will be forced to file a permanent injunction with a restraining order granting any applicable relief, lost profits, irreparable harm, libel damages against “printed words”, and attorney fees under all statues. We hope you will be governed accordingly moving forward.  

               If anyone has and/or can obtain information in regards to Joe Doe 1-5 please contact SBC Directly on 646-650-5700 or VIA certified mail to SBC 261 W 35 STREET STE 600, NY, NY 10001 and upon successful judgment and award of a case, up to 5,000.00 will be issued to the informant. All information will be kept confidential.

Sincerely yours,



cc Internal Council

cc SBC General Council

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