- Report: #605342
Complaint Review: IEV Capital Ryan Sumstad Matt Bradshaw Principal Growth - The Woodlands Texas
Reported By:
PETRO MAN -
WEST by GOD, Virginia, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
IEV Capital Ryan Sumstad Matt Bradshaw Principal Growth
THE WOODLANDS TX The Woodlands, Texas, United States of America
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IEV Capital, Ryan Sumstad, Matt Bradshaw, Principal Growth IEV, In Ground Funding, IEV Media In Ground Funding, Syndication, HSBC---Hoodwink Loan Deal---upfront Scam of epic proportions The Woodlands, Texas
I, as many have been, was ripped off by Ryan Sumstad and his IEV scam. They took up front money from legitimate people seeking a loan and pocketed it. After almost a year, people figured out that the gig was up. These guys had quite a game going, with fancy webinars, fake funding letters, conference calls, lawyers etc. We lost a lot of credibility and respect in our business community because of these bastards, and I for one will probably end up finding Sumstad and putting him in prison myself.
The scam was actually quite simple. Sumstad apparently hired some desperate mortgage broker/loan types and had them collect loan packages from about 20 businesses seeking capital for the energy/mining sector. These loans were supposedly going to be syndicated by HSBC bank via IEV capital's Ryan Sumstad. One other kicker was that we had to assign the interest in our collateral to the actual syndication partnership, with was formed in NEVADA. We did this and sent in our money, not to mention had our lawyers speak with Sumstad's all the time. Money and funding dates were set, reset, and reset. These guys even had us to reserve hotel rooms for a funding party!!
In the end, someone killed their entire family over this awful scumbag who ran off with close to a million dollars of nonsense fees. What the hell is the world coming to?
The scam was actually quite simple. Sumstad apparently hired some desperate mortgage broker/loan types and had them collect loan packages from about 20 businesses seeking capital for the energy/mining sector. These loans were supposedly going to be syndicated by HSBC bank via IEV capital's Ryan Sumstad. One other kicker was that we had to assign the interest in our collateral to the actual syndication partnership, with was formed in NEVADA. We did this and sent in our money, not to mention had our lawyers speak with Sumstad's all the time. Money and funding dates were set, reset, and reset. These guys even had us to reserve hotel rooms for a funding party!!
In the end, someone killed their entire family over this awful scumbag who ran off with close to a million dollars of nonsense fees. What the hell is the world coming to?
1 Updates & Rebuttals
ReapIt
Spring,Texas,
United States of America
Sumstad Arrested for Murder
#2General Comment
Thu, June 23, 2011
http://woodlandsonline.com/npps/story.cfm?nppage=42435
http://www.chron.com/disp/story.mpl/metropolitan/7622405.html
