- Report: #339170
Complaint Review: Kenlin Capital Transnational Management - Stratford Connecticut
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Author Confirmed
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Kenlin Capital Transnational Management
7365 Main Street - Suite 322 Stratford, 06614 Connecticut, U.S.A.
Phone:
203-375-7900
Web:
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Kenlin Capital, Transnational Management Lending Scam Stratford Connecticut
We referred a client to a company Transnational Management aka Ralph Saldo out of Florida who promised our client that he would back his commercial loan with his own credentials to guarantee the loan would be done. After a considerable amount of time and disappointment we thought that we would do some digging and found out that he was using Kenlin Capital to fund the project. After extracting $25,000.00 for their services he asked for another $25,000 for Kenlin Capital aka Joe sorrentino who in turn did nothing but ask for another $125,000 to get the deal done. Our client refused to give him that kind of money without some type of guarantee that the loan could be done. Of course there were none or he would not provide anything to us. In a nutshell, these guys cannot do any commercial loans so don't waste your time or your money. Our client is currently requesting all dollars be returned with no answers from the guilty parties. Neither will return phone calls.
Roscofire
gulfport, Mississippi
U.S.A.
Roscofire
gulfport, Mississippi
U.S.A.
2 Updates & Rebuttals
Anonymous
USACorrect Spelling is Ralph Soldo
#2Consumer Comment
Tue, July 12, 2011
One other thing. For the record, the correct spelling of Ralph's name is Ralph Soldo of TransNational Management. You can see his bio in the link below under development team. It seems he is still in the market trying to arrange loans with upfront fees claiming to be partnered/represent a wealthy family, this one based in Kentucky, with a large family trust and access to other investors. If you read the report on Sorrentino I attached above it is exactly the same M.O.
http://www.loopnet.com/Attachments/E/D/C/EDCBDDF6-A15A-4CF5-AA2E-EFE867CB7BE8.pdf
Anonymous
United States of AmericaSorrentino Sentenced to 4yrs
#3Consumer Comment
Wed, June 22, 2011
In April 2010. Sorrentino was sentenced to 4yrs in prison for this scam. Here is the link to the FBI report on the matter.
http://www.fbi.gov/newhaven/press-releases/2010/nh041210.htm
Ralph Saldo continues to operate Transnational using exactly the same story - large family trust, upfront fees etc.
