CMN Funding- Stephen Frank Signed with them in December 2017 to do a financing- was do to be funded in October 2018. At this time 4 years later, they still have not funded and refuse to return my $650,000 that included the 6 wires I sent them along with the additional monies that I spent on this financing Albany New York
I was suppose to be funded in October 2018 for $18,750,000 for the purchase of a Hotel. I went to the closing- which was approved by Stephen Frank and was told the money would be sent to the Notary for the close. When I got to the close, the money was not there. I ended up having to pay the Notary their fees anyway for their time which was $70,000. Stephen Frank continued to say that the money would get sent, but it never did. Now over 3 years later, Stephen Frank has refused to refund me any of my money, but insists the funding is still coming.
When I read what others have been saying, it resembles what he has continued to do to me- claim he has the funding- even tell the bank that it is coming and give that to them in writing. But it continues to not be true. Stephen keeps saying it is going to fund, but then he disappears and can't be reached. Stephen Frank unfortunately is just a lier and is good at it as others have posted how they have also been strung along for years.
Stephen Frank appears to just steal peoples deposits-and when you ask for a refund you never hear from him, nor do you receive your money back. The big money he has you send him- he has you send it to a company named 176 Ridge Street LLC at TD Bank on Central Ave. This is the account that he uses to launder your money.
In order to get my money back, I now have to have my attorney sue him. My attorney sent him a demand letter already, but he did not respond to it. I believe that there are many other people like myself who have had their money stolen by Stepehn Frank. If you are one of them you should start by filing a claim against him with the local FBI office in Albany NY.
The local FBI phone # is 518-431-7264. I wanted to believe that Stephen Frank was an honest lender, but he has proven to just be a criminal.