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Updated almost 14 years ago on . Most recent reply

User Stats

41
Posts
4
Votes
David M.
  • Investor
  • Colton, CA
4
Votes |
41
Posts

FBI raids Scottsdale financial firm - Remington Capital

David M.
  • Investor
  • Colton, CA
Posted

Its about time!

http://www.azcentral.com/arizonarepublic/business/articles/2011/03/16/20110316biz-fbiraid0316.html

Most Popular Reply

User Stats

782
Posts
415
Votes
Darryl Dahlen
  • Commercial Loan Officer
  • Southern Maine, ME
415
Votes |
782
Posts
Darryl Dahlen
  • Commercial Loan Officer
  • Southern Maine, ME
Replied

I've seen LOIs from RFG/RC issued on projects that little to no hope of funding where the upfront fees were substantial.

No experienced or reputable broker would ever send a loan to Remington or BlueStone.

You feed on unexperienced brokers and desperate borrowers and only serve to make my job harder as an honest broker. I can't even count how many time over the years I've worked with clients who've spent thousands with your firm only to be turned down when they never should have been engaged to begin with.

People used to make up false deals just to see if you would issues an LOI and almost without fail you would. Pathetic.

I'm glad the FBI and SEC are finally going after folks like you. The day you go out of business won't come soon enough.

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