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Report: #1182732

Complaint Review: TSC Capital, LLC - Albany Georgia

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  • Reported By: Serendipity Equity Group, Inc — San Francisco California
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  • TSC Capital, LLC P.O. Box 5294 Albany, Ga Albany, Georgia USA

TSC Capital, LLC Tamesha Childs Fraudulent service, no refund, false promises, fake service, scam, rip off, Albany Georgia

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It was my unfortunate experience to learn a hard lesson with this woman and company.  I will not deny or try to pretend that I didn't see the red flags during my initial communication and contact with Tamesha, owner of TSC Capital, LLC.  The saying that if it's too good to be true then it probably is, rang so true in my dealings with her.

 

Tamesha guarantees that she will be able to secure an investor or company who will fund your project.  She provides you with loan packages and forms that lead you to believe that she is actually going to be successful in securing the financing. However, once the packages have been filled out and sent back to her, the communication becomes nothing but emails with rates/payments that are not on any lender letterhead or coming directly from the investor.  Her vagueness is explained away consistently by her stating that she cannot divulge additional information as she is the link to these investors and that is basically why her service is of value.  She also arranged two different phone calls of investors that she had secured funding for but these calls were also vague and I never got specific answers to what the project was that had been funded.  Just vague amounts and vague descriptions of the investment.  Yes, I know - RED FLAG, RED FLAG, RED FLAG!

Tamesha asks for a $2500 deposit in order to secure the financing for your real estate investment project.  This is her fee for being succesful in getting the funding promised.  I apprehensively provided her with a $500 deposit which is when she provided the loan package and docs that were required for me to obtain the funding.  I then upped the deposit another $1,000 when she called and asked specific questions that the lender/investor she had secured for my particular project was wanting to know.  She convinced me that the funding was going to take less than a week but she did need that second payment of the $1,000 to move forward in good faith.  I stupidly paid that even though the  full $2500 was the required deposit, I felt like I was protecting myself somewhat from not paying the whole deposit required until I had documents proving that she had indeed obtained this funding for me.  Now I was in it with her for $1500.

Three weeks went by with nothing but ridiculous emails stating that she was going to be receiving the loan commitment, receiving the paperwork that would prove she had secured the loan.  Calls made to her were nothing but convincing conversations about how she had this investor secured for me to fund it and she would be getting me the documents soon.  I had secured another loan with a legitimate company and Tamesha knew that I had this loan as a back up, if she didn't follow through as promised.  Of course the terms of her investor were much more attractive, with much less down so I held out hope that she was going to back up all of her promises and produce this miraculous loan.

It never happened and we closed the escrow successfully with the legitimate lender I had secured as a back up.  When I asked for the refund of my $1500 because she hadn't been able to produce any proof or documentation that she ever had a loan and couldn't during the whole three week time frame, which was supposedly have to have been only a week to get the funding, she denied my refund by stating that I just needed to submit another project.

I specifically asked Tamesha before I made the second payment of the $1,000 to provide me with an email or document that would show that I was going to receive a refund of the full deposit amount, should she not produce an approval from her investor/lendor.  She provided me with that email stating I would get the refund.  

She continues to tell me to submit another project, will not refund the $1500.  She also does not answer my calls or return v/m's.  Emails to her are answered but come back with the same response each time...submit another project.

I am going to be reporting her to the local authorities and see if they recommend any higher government authorities as well. 

Please don't make the same mistake I did.  TSC Capital, LLC and Tamesha Childs are nothing but a scam to take money from hard working people who unfortunately trust her very convincing bullsh@# about the service she provides.  

 

 

 

 

This report was posted on Ripoff Report on 10/13/2014 06:46 PM and is a permanent record located here: https://www.ripoffreport.com/reports/tsc-capital-llc/albany-georgia-31706/tsc-capital-llc-tamesha-childs-fraudulent-service-no-refund-false-promises-fake-serv-1182732. 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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