- Report: #1507195
Complaint Review: TheBizCash.com Ethan Kang - Irvine California
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Author Confirmed
Why?
TheBizCash.com Ethan Kang
2102 Business Center Dr, Irvine, 92612 California, United States
Phone:
800 860 5624
Web:
www.thebizcash.com
Categories:
Business Rating:
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TheBizCash.com Ethan Kang M & E Financial Group TheBizCash.com Ethan Kang SCAMMING investors into investing, NOT paying interest and NOT funding the loan as promised Irvine California
This business is a SCAM!!! Their website is www.thebizcash.com. The property management at this address posted on Thebizcash.com website confirms that this business HAS NEVER BEEN A REGISTERED TENANT at this address: 2102 Business Center Dr, Irvine, CA 92612. They also used another address at 2082 Business Center Dr, Suite 195, Irvine, CA 92612 ---that address is also a FAKE ADDRESS. Also M & E Financial Group had moved out of that office more than a year ago without a forwarding address.
They will take investors investments very quickly with a promise backed by security agreements and loan documents but will drag investors on for months without an actual funding. They won't even pay interest for keeping the client's money... i.e...they will use your money for free. For more than 5 months, they continued communications and came up with stories of underwriter having cancer, this person being sick, that person wired funds to the wrong receiver and will take so many days to work out a reimbursement.
Worst yet, they produced FAKE bank documents of the funding amount being wired with a receive date. Although they did send back the original investment amounts after threats of legal actions against them.... it is still VERY WRONG to SCAM clients. DO NOT send them ANY MONEY!!! SCAM SCAM SCAM!!!
2 Updates & Rebuttals
JAT
San Marino,California,
United States
Absolutely UNTRUE!!!
#2Author of original report
Mon, April 26, 2021
We have all your approval letters, your security agreements and loan documents signed, you even provided the BANK receipts to show that FUNDING was sent. Turns out that the bank receipts is FAKE.
If there were FRAUDS Detected and loan denied--- why did the lender send bank wire receipts for the loan funding? If loan was denied-- why didn't the lender send back the investment? Why did he keep us hanging in the durations with daily communications? So he can continue to use client's fuinds or until he scams another to payback the client? So whose FRAUD??? The LENDER!!!
Originally the loan had some technicality --- the client's company using her HOME OFFICE (which qualifies under IRS rules that it is a legitimate physical office.) Application was resubmitted and fully approved.
Client originally had 2 physical offices besides her home office --one in NYC and the other in Los Angeles. Client provided all the leases to proof this fact. COVID 19 caused all these office buildings to be closed and not useable --- that is why client's office is moved back HOME OFFICE.
The client even signed new leases for another physical office in NYC--- provided the lease as well as photos to proof office existence.
So WHERE is the FRAUD? On the lender of course and we have all the evidence to show. Besides my client isn't the only one scammed... there are multiple others that have been scammed as well.
TheBizCash
Irvine, CA,California,
United States
There are multiple reasons as to why someone does not qualify for a loan.
#3UPDATE Employee
Sun, April 25, 2021
There are multiple reasons as to why someone does not qualify for a loan. We aplogize that your applicaiton was not approved. However, we have refunded back your initial investment and have sincerely apologized for the inconvenience. As stated, sometimes people do not meet the requirements needed for a loan. In your case, mulitple instances of fraud were detected.
Again, we apologize for the inconvenience, but there is not much else that we can do if your initial application has been rejected. We have returned your invesment months prior and have discussed your status with you. There is no need to leave multiple message and complaints on all our soical media accounts as we have already brought this up to your attention months ago.
Thnank you.
