- Report: #1531712
Complaint Review: Donegal Abbey - New York
-
Author Not Confirmed
Why?
Donegal Abbey
405 Lexington Ave 10174 New York, United States
Phone:
917-562-8003
Web:
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Donegal Abbey Brendon Lyden Chief Investment Officer We sent them 10,000 they did not close the loan, the deposit was refundable. we asked for the money back. They have not sent it. They stole $10,000 from 2 different people and committed other crimes New York
I am a principal, as well as a broker and lawyer.
On Feb 8, 2024 Donegal Abbey issued my company a term sheet to fund $495,000. They required a $10,000 deposit . we wired the deposit. Then they we agreed on loan documents on Friday Feb 16. They kept stalling me until finally on Friday 2/23. I got frustrated. Donegal Abbey had sent, at the request of a client of mine who had received a term sheet to fund $40 million term sheet, a proof of funds. The term sheet required my client pay him $25,000. He sent the proof of funds and it showed Donegal Abbey had $466 million on deposit with Truist Bank. I called the officer at Truist who signed the proof of funds letter. She did not know Donegal Abbey and asked to see the letter. I emailed the letter to her and she told me: 1) she did not sign the letter and it was not her signature; 2) She said the stationary was not her bank stationary; and 3), she was not an officer of the bank in Orlando which was where the letter was ostensibly issued. She said someone forged her signature . She was reporting it to her investigations department. I then confronted Brendon Lyden. He said it was a mistake and he would rectify it. I told my client and stopped him from sending the $25,000 deposit.
He also issued a term sheet to another client of mine for $1.6 million and took a $10,000 deposit. When I told my client what was happening he called Brendon. Brendon denied the facts and said he would get back to my client . He did not close the funding and did not return any phone calls
On Sunday 3/1he told me he would not be funding my loan. He kept talking to my client for another few days stating he would fund it
He also tried to get my client who received the $40mm term sheet to send the deposit.
We have reported the matter to the New York City Police Department.
2 Updates & Rebuttals
Irv
United StatesP. T. Barnum Would Love You!
#2Consumer Comment
Wed, March 20, 2024
This is nothing more than an ADVANCE FEE LOAN SCAM. This is as obvious as the rising of the sun!!!!! "There's a sucker born every minute!" ..... P. T. Barnum
coast
United StatesPerhaps You Did Your Client a Disservice
#3Consumer Comment
Wed, March 20, 2024
A competent attorney should be able to spot an obvious scam.
A simple web search would have revealed that donegalabbey.com isn’t a valid website.
