ciiimtg Rip Off Artist Los Angeles, Internet
Avoid CIIIMTG.COM at all costs. This is nothing but a ripoff. I sent them $128,000.00 in October 2010. After being promised that the loan I had applied for would be funded on March 16, I was called on March 14 and told that there was a delay. The bank was having trouble "wiring the funds". I asked how long the delay would be and Lorenzo stated that the intermediary lender, CWT or Capital World Trading, was giving their lender 45 days to either fund the loan or return the deposit. Neither event occurred. On June 3, I was told that CWT was initiating a lawsuit/investigation into why the lender did not fulfill his obligation. I sent an email to Lorenzo asking which law firm had been retained, how long the investigation might take and other pertinent details. He has not responded to my email.
I have very little hope that I will actually receive my money back or get the loan funded. This man is causing me to lose my house due to his repeated promises that the loan would, in fact, fund.
Avoid Avoid Avoid.
Lorenzo, if anything I have written is false or inaccurate, by all means feel free to start legal proceedings against me, just remember I get to cross examine you. I don't think you can risk it.
1 Updates & Rebuttals
CIIIMTG,LLC
LOS ANGELES,California,
USA
DUE DILIGENCE ON CIIIMTG AND LORENZO NAVA
#2General Comment
Mon, January 30, 2017
MEMO 12/19/2012
From Bob S
Lorenzo Nava, CIIIMTG
To whom it may concern,
I have researched Lorenzo Nava, CIIIMTG .
I called the F.B.I. And the Federal Trade Commission. I also checked with the California State Attorney Generals Office, Better Business Bureau national database, and the Freedom of information Act Federal database (to search across all Federal Government websites at once).
I also checked several “scam” websites on the internet. This is what I found.
F.B.I. Although they could not tell me if any complaints were filed or if there was an ongoing investigation they could tell me that his name and his company name did not appear in their data base.
F.T.C. They told me that if there were any complaints or legal filings against Lorenzo Nava or CIIIMTG that I could find them through the Freedom Of Information Act.
Freedom of Information Act Neither the name Lorenzo Nava or the business name CIIIMTG showed up in FOIA .
Better Business Bureau, Los Angeles One complaint, resolved through BBB, details on the BBB website. CIIIMTG has been a member since 10/6/2008. This complaint shows up elsewhere on the internet. I also checked the BBB national database and this is the only complaint.
California State Attorney Generals Office No Complaints. He filed as a business entity 5/15/2008.
Internet Postings “Ripoff Report” and “Scam Informer” each had the same six complaints posting from 2009-2011, all anonymous; monies deposited not returned,non performance, going to the authorities, the FBI. None of these people has filed a formal complaint, no charges have been brought.
Mortgage Broker Outpost.com, Business Week, part of Business Exchange; Post by “assassin 17” complaint , he is a member of Broker Outpost. You must be a professional in the field of Real Estate to join this website. His only contribution to Broker Outpost was a song about mortgages.
Anyone can post a complaint on many different websites anonymously. There is no way to find the author. On Lorenzo's website ,on the bottom of the column on the left, you will see Malicious Postings. Check it out. I have found no real evidence of Lorenzo or his company being involved in any misleading or illegal practices. His lenders and borrowers act in confidentiality.
Each Scam website offers a disclaimer saying that they are not responsible for false complaints. In my opinion these websites should have verifiable complaints or be removed from the web. Accusations without accountability. One website I found particularly interesting
was “complaintslist.com. They offer postings for complaints along with postings of responses to the complaints and a method to resolve the complaints. All accusatory websites should be like this. Someone once said “they couldn't put it on the internet if it wasn't true.”
I have also found some people posting responses that are favorable to Lorenzo and his company especially on LinkedIn, but one on Brokers Outpost. I have personally spoken to three different clients of Lorenzo who spoke highly of him who used his services as a consultant. He has been in business since 2008, member of L.A. BBB since then with an A rating, and I don't believe the accusations against him are true. I believe it to be a matter of “sour grapes” with some of his disappointed clients.
Sincerely,
Bob S