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  • Report:  #374385

Complaint Review: Berma Capital Corporation - Schaumburg Illinois

Reported By:
- Falls Church, Virginia,
Submitted:
Updated:

Berma Capital Corporation
5OO E. Remington Road, Suite 1OO Schaumburg, 60173 Illinois, U.S.A.
Phone:
847-49O-9O52
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
If you are considering doing business with this company for private equity financing, think twice. They will ask for a 'good faith deposit' under specific language in their agreements which is deliberately worded to make you believe that if they do not achieve your financing, the deposit will be refunded. Initially they delivered us a term sheet, later modified to something within reason and requested a 'refundable' deposit. They are friendly until they receive your money and then the honeymoon quickly becomes a hangover. Our experience with them was shocking to the point of feeling robbed at gunpoint.

It is our opinion that this company deliberately and intentionally commits fraud against its would-be clients for personal gain. Richard Tauber, Berma's President, is the most unprofessional person (worded nicely) I have ever dealt with and I would openly warn anyone doing business with him or this company to avoid paying them any money upfront money regardless of their promises. No private equity company worth their salt would ever ask for a good faith deposit.

If it were not for the absence of negative consumer feedback we would never have engaged them but I suspect that they prey on vulnerable elder borrowers and brokers who do not have the means to stand up for themselves and who do not report their horiffic experiences.

Berma are brokers and not traditional private equity investors. While I'm sure they have brokered successful apartment loans between lenders and perhaps desperate borrowers in the past, they do not have the wherewithall to represent a decision making lender in this process and should not be relied on as a lender.

Don't be ripped off by this company.

Swf

Falls Church, Virginia

U.S.A.


2 Updates & Rebuttals

Swf

Shreveport,
Louisiana,
T-Mobile Shareholders Beware

#2Author of original report

Sat, January 10, 2015

I filed a report about T-Mobile's incompetence today based on my own horrific experiences. Clearly their upper level managers should be fired by the out-of-touch Board of Directors. They are completely out of touch with their customers and as much as their customer support personnel try to help, they can't, beccause they are locked out of the decision making process. If you are a T-Mobile shareholder, run like hell. 


Swf

Falls Church,
Virginia,
U.S.A.
Berma Capital - Richard Tauber

#3Author of original report

Tue, September 23, 2008

If you have lost money to these people, please post here also.

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