Tradeline Solutions, CEO. Ted J. Stearns Of San Diego, CA Ted Stearns, CEO of Tradeline Solutions is a "Professional Con Artist" and a Thief/ Liar San Diego California

It was recently brought to my attention by one of my former colleges, that my name was being slandered by Mr. Ted Stearns on behalf of Aegean Capital Partners. I take a great deal of offense to these completely untrue and utterly ridiculous allegations made by Mr. Ted Stearns. I have never participated nor engaged in any sort of postings such as the ones located on this site, or for that matter any others like it. To completely clear the record in regards to these postings involving my name or anything involving me whatsoever, I will briefly explain my experience involving Mr. Ted Stearns and our business dealings. I was sub-contracted (not hired as an employee) by Mr. Stearns Company (Trade Line Wholesalers) in December of 2007 (not Aegean Capital Partners.) I provided Mr. Ted Stearns with the best of my ability and intellect to aid in growing what seemed to be a legitimate up and coming company within the personal consumer credit industry. After investing many long hours and numerous resources over a period of about two months, I began to become more privy to very sensitive internal information of Trade Line Solutions, which Mr. Ted Stearns kept in the highest of confidentiality throughout my term at TLS. Upon discovering certain information Mr. Ted Stearns overall company plan began to become more and more apparent to me, his vendors were no longer able to supply him with the necessary credit lines to fulfill his promises to his customers. Therefore Mr. Ted Stearns decided to extend his performance contract to a longer term so that after the initial 45 days, and no product delivered to the customer, he could hide behind his extended contract stating that he still had four more months to provide the product purchased, all the while knowing full well that there was no product left to provide. After seeing these deceitful practices in action, I approached two of my fellow contractors to discuss the option of leaving Trade Line Solutions as soon as possible, and contacting all former, current, and future prospective clients, to notify them of the illegal and deceptive practices taking place at Trade Line Solutions based upon the leadership and direction of Mr. Ted Stearns. Shortly after both of those contractors agreed that they also wanted no part in Mr. Ted Stearns shady business practices, at which point the three of us left and began to immediately contact as many of the clients as possible along with the Federal Trade Commission, and the California States Attorney to prevent any further losses, and to also help previous clients attempt to gain refunds. Upon leaving in February 2008 we learned that Mr. Ted Stearns had hired on a completely new staff with no previous knowledge of the initial scam, and began to tremendously increase advertising for his mythical product to gain hundreds of new customers, knowing full well that there was again no product to be sold. Be aware that in the short two months that I was with Trade Line Solutions I personally realized Mr. Ted Stearns taking in an average of $2000 to $4000 per client, and at least 15- 30 clients per day. That adds up to a lot of money, and a lot of helpless unaware good people losing there hard earned money. Now I will let anyone reading this draw their own conclusion to these factual events, but I know what my opinion was, I left and left quickly upon finding out the true Ted Stearns and his manipulative business practices. I know that Mr. Ted Stearns currently operates Aegean Capital Partners, and imerchantadvance.com, along with a few other small ventures in San Diego California. I hope that this information will help any future potential clients of Mr. Ted Stearns or any of his companies.

We are writing this in response to the ugly accusations, untruthful remarks, and false information that have been voiced in regards to TradeLine Solutions and its owner, Ted Stearns.

We have learned that both posting were submitted by Brian Woody, an ex-employee of TLS, and is posting under the alias of Bob Cole, R. Walker and Anonymous.

Brian Woody was contracted as a 1099 employee in mid-December of 2007 and was hired to launch the business division of the company and as a result he absorbed the business model, learning the ins and outs of the company's vendors, investors and marketing.

Woody, along with two other former contracted employees, Andrew Christison and Randy McMurray have attempted to set out and start their own company using TLS business model, and by stealing intellectual property and the company's leads.

After Woody's termination, he along with Christison and McMurray proceeded to contact leads that were property of TLS, despite the fact that all three had signed a non-compete clause. Creating a company called Universal Trust Financial, they set up their office at 501 W Broadway, San Diego 92101, right across from TLS. We have learned from a TLS vendor that Woody has contacted them using the alias Christopher.

All three men are facing criminal charges while Randy is presently in jail due to unrelated crimes. A police report has been filed with the county prosecutor's office against Brian Woody, Randy McMurray and Andrew Christison for Grand Larceny including unauthorized removal of intellectual property, embezzlement for fraudulent conversion of clients and conspiracy with the intent of a crime. The three men also face a civil suit.

Both these postings are uncalled for and unwarranted. Posting of personal information as well as information on non-related companies shows a desperate attempt to disparage TLS in order to attract clients.

TLS will not comment further on these posting and encourage our clients to call us at (619) 595-4851 to discuss any concerns they may have.

The latest information:

Tradeline Solutions sent me an e-mail on 2-19-2008 and this is what it said:

Once again Tradeline Solutions would like to thank you for your past business. As you know, the company is "No Longer In Business" But if you happen to have any questions (or complaints) about your previous account you can contact our customer service manager "Sharon" formerly known as "Katie Herrera" at 619.595.4851 or email her at support@tradelinesolutions.net
Seriously?
..."Sharon" was that the best cover "Katie Herrera" could find to hide her identiy?
I wonder what Ted Stearns is going by now a days "The Joker"or maybe
"s****.>

It was not very difficult I placed a call to the main number for the FTC at,
1-877-382-4357.
202-326-2222
www.ftc.gov

I then informed the FTC of my complaint against Tradeline Solutions/Ted J Stearns. After giving them my information personel and otherwise, they took a recorded statement from me over the phone. Once I had completed my statement I was given a claim number, and informed by the officer in charge that there is currently an investigation underway and that they would be in touch if any more information was required from myself. I was also asked if I would be willing to testify before a court if charges were filed, my answer "Absolutely YES." I hope this helps to answer you question in reguards how I found out about the investigation, feel free to contact the FTC at the numbers listed above and speak with them yourself.

How do you know the FTC is investigating them?

Thanks,