NATIONWIDE COMMERCIAL RELIEF INC Mitch L Stecker Fraudulent Inducement for a Business Loan Palm Beach Gardens Florida
In 2015 Mitch Stecker represented that for a fee of $17,500.00 he could get funding for my small business within 90-120 days for $5M dollars. We reached an agreement to proceed and I paid the refundable fee. Since then for several years he kept extending the due date for the funding telling me and others who signed up with him that the funds he collected from all of us are invested in a trading platform that he cannot just accessed without the consent of a "Mandate".
I have repeatedly asked for the refund of the $17,500.00 with interests but despite his promises to abide and even upon signing a Mutual Release of Funds to this day February 2020 he has not responded. Instead he continues to give me and others a sliding deadline for the refund.
This man I found out in 2019 was sanctioned by the Florida Office of Financial Regulation IN 2014 and received a cease and desist from doing this fraudulent practice but was only fined $8000.00 like a slap on his wrist. It is recorded as OFR 2014-360 SF.
Obviously this man is a crook, knows how he can play the law, just pay a small fine and continue to do his dirty deeds. He was never arrested for this fraudulent actions.
6 Updates & Rebuttals
Daniel
West Palm Beach,Florida,
United States
Information Update August 2023
#7General Comment
Wed, August 16, 2023
Mitchell Lee Stecker currently collects loan advanced fees as Worldwide Capital Solutions, Inc. and/or Worldwide Capital Solutions, LLC.
Stecker’s website lists a Palm Beach Gardens, Florida mail drop address for Worldwide Capital Solutions, Inc.; and a Charlestown, Nevis, West Indies mail drop address for Worldwide Capital Solutions, LLC.
The Worldwide Capital Solutions, Inc. and/or Worldwide Capital Solutions, LLC domain name “wwcsnevis.com” is registered through Contact Privacy, Inc. in Toronto, Canada.
According to Palm Beach County Court public records, Stecker owes a plaintiff a $184,877.02 judgment and legal fees for not providing a loan for the advanced fee he collected. And Stecker has been evicted twice for failing to pay his rent to the landlord.
Jim
Anaheim,United States
Another Member of the Moron Club
#7Consumer Comment
Sun, February 23, 2020
Moron, you posted to a PUBLIC website. As such, the public is repsonding and telling you that you're a total and complete moron. Advance fee loan scams are very old, the Federal Trade Commission (FTC) has it on their website as a scam that people should avoid, and it's been there for a very long time.
The scam involves individuals who need short-term loans, and pay maybe a few hundred dollars for the loan, usually in the form of cash cards. Then the person offering the loan strings you along....asking for more money. Then more...and still more.... Pretty soon, the victim is out a few thousand dollars and no loan.... There are variations on the con, but at the end, they all involve someone paying money upfront for a worthless promise.
However, the FTC assumes people who are in business know better. You clearly have no idea what you're doing. You should not be in business if (a) you actually thought this loan was somehow a good idea, and (b) you thought I was the guy who scammed you. The scammer has your money. The scammer is not giving it back and neither you nor the police are going to find the person. The scammer will simply change names, move, and pull the scam all over again with someone else like you.
I will say this again in a different way and I urge you to read this: If you pay someone upfront for a loan, then what you're doing is paying them for a service they have yet to perform. Would you pay an employee on Monday for the week they have yet to complete? Would you pay a consultant 100% of their fee before they worked one minute on the job they promised? The answer to both questions is no; neither of those things make sense. So why would you pay someone upfront for a service they haven't done? You saw the possibility of getting $5M into your account for your business and dumped your common sense.
No, I am not the scammer. I just have the common sense you do not....
Scammed
Washington,District of Columbia,
United States
Mitch Stecker, Honorable People do Business in Good Faith – not Fraudulently
#7Author of original report
Fri, February 21, 2020
Jim,
Is that you Mitch Stecker using a fictitious name? It is amazing that on the same day I filed my report I got your immediate response. You must be watching for Rip Off Reports about you. You surely sound like someone who knows how to play the system and perhaps has never done business in good faith.
Why don't you tell that to all the other businesses who advanced a combined total amount of approximately $2.5 Million dollars to Mitch Stecker? Mine was the smallest for $17,500.00. Are you saying that those others should not be in business either? NO!!!!. Mitch Stecker is the one who should not be in business since instead of working hard for his money he takes the easy way out by defrauding people.
To other businesses stay FAR away from this con man. This guy takes advantage of people's hard earned money and lies. He is a FRAUD!!!.
Mitxh Stecker, what goes around comes around and I hope legal authorities and or the government organizations catch on to your cheating ways like Bernie Madoff.
Leo
Washington,District of Columbia,
United States
Mitch Stecker is a Thief and should be put out of business!!!
#7Consumer Comment
Fri, February 21, 2020
Commenter is most likely Mitch Stecker, said thief and fraudster!!! State of Florida is concerned enough that they have put a cease and sessist order on Mr. Stecker's business. This has not stopped Mr. Stecker, and he continues his finely tuned scam. This comes from a reliable source.
Do not under any circumstances do business with this person!!! He will run you around, as in our case for over 3 years. The broker that we dealt with had many customers placed in Mr. Steckers hands. The total deposits taken by Mr. Stecker is upwards of $2.5 MILLION DOLLARS!!! None of the deposits have been returned to my knowledge.
I would be more than happy to discuss our experience with Mr. Stecker with anyone remotely considering doing business with him. Our money is gone, but very concerned others like us will be victimized. When the law fails to close down criminals such as this, we have to take a stand as a consumer.
Jim
Anaheim,California,
United States
You Should Not Be In Business - Period
#7Consumer Comment
Thu, February 20, 2020
This is the old prepay loan scam that's been around for years. If you fell for this, then you should not be in business.....
....for a fee of $17,500.00 he could get funding for my small business within 90-120 days for $5M dollars. We reached an agreement to proceed and I paid the refundable fee. Really? So what you decided to do was pay someone $17,500 upfront for services yet to be rendered that he can secure a $5 million loan for you? Would you pay a consultant upfront for significant services rendered? Would you pay an employee upfront for work performed for you? Are you beginning to understand the foolishness of your actions? Here's what you should have done: If this guy was that confident that he could get you a loan for $5 million within 90-120 days, then why not pay him $17,500 after the loan was in your account?
But it was refundable you say? Well, you gave someone $17,500.00 Just what exactly is his incentive to give you a refund? Can you say ZERO?
If you fell for this, then you should not be in business. I repeat that because the scam you fell for was so old...
dave
palm beach,Florida,
United States
i can help you
#7Consumer Comment
Thu, February 20, 2020
please contact me at johnnycollect@yahoo.com please send me your info