| NEW WORLD BROKERS |
| NEW WORLD BROKERS MIKE LAPPENNA,MIKE LINSEY scammed up-front fees for bogus loan programs NIAGARA FALLS, New York |
| 18th of Mar, 2011 by User782860 |
| This broker of New World Brokers took up-front fees from clients like me and said he would get funding from banks in 3-6 months and he never did and Mike Lappenna scammed clients of there monies and has never returned a dime to one client he and his brokers have taken millions from clients....just a word to the wise don't deal with this guy for any loans or his other brokers like John Sacco,Joe Salfi,(whose father is a Judge in Orlando Florida) Harry Rolfes.Don Murphy,and others so just beware they will steal your monies.... |
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My name is Joe Salfi. My name is included in the above complaint and I would like to respond.
I got involved with Amazing Business Consultants (ABC, Inc.) in October, 2010.
I responded to an online advertisement for an opportunity to sell the Amazing
Business Consultants business credit line program to folks needing capital for
their businesses.
The program promised $200k - $400k credit lines to business owners, even if
they had bad credit. The upfront fees were low and ABC, Inc. guaranteed all
upfront money if funds were not obtained --- Additionally, ABC, Inc.
provided over 25 reference letters from satisfied clients and lending institutions.
I decided to market it and I sold a total of TWO clients the ABC program, both in
November, 2010.
By late December, 2010 the ABC program was looking like a SCAM. I immediately returned all
upfront money I had gotten as a result of my two clients and I contacted FBI agent Laura Busbee
in the Massachusetts office.
For the past seven months (January – July 2011), I have done the following:
-Turned over ALL information to the FBI regarding Amazing Business
Capital, Inc. and the ABC agent I dealt with – John Sacco.
-Gotten ABC to refund a portion of one of my clients upfront money
they had kept.
-Personally repaid a portion of the upfront money from my other client
that John Sacco has kept and has refused to refund.
-Continued to fight ABC and John Sacco for every penny my two clients paid them.
-The last thing I have done is learned is a valuable and painful lesson.
I am embarrassed to have been apart of this ABC scam. Without my knowledge,
ABC and John Sacco, provided me with FAKE client references and fake bank
reference letters. As a result, I did not fully investigate the backgrounds of
Amazing Business Consultants or John Sacco on behalf of my two clients.
My clients counted on me to advise them and I let them down, and for that
I was wrong.
I have never conducted any business throughout my career in a deceptive,
unethical or illegal manner – and I won't start now.
The gentleman authoring this RipOff Report complaints is a client-victim of
ABC. He is not and was not one of my clients.
He and I worked together in January, 2011 to uncover the details of the scam.
Unfortunately, while we were working together, we had a disagreement about
how to go about discovering the complete truth about ABC and some of the
senior ABC brokers.
The broker he used to secure his ABC credit line was Harry Rolfes. My understanding
is that Rolfes has not refunded him one dime or helped him recover any money from
ABC. He is very angry and he has a right to be, but not at me.
I hope he, and all of the ABC victims recover all of the monies they paid for the fraudulent
ABC program. I will continue to fight for that. |
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