- Report: #450626
Complaint Review: Livingston Collins & Cohen / John Keenan / Mike Simon - Cleveland Ohio
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Livingston Collins & Cohen / John Keenan / Mike Simon
1701 12th Street Cleveland, 44114 Ohio, U.S.A.
Phone:
216-664-1396
Web:
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Livingston, Collins & Cohen / John Keenan / Mike Simon Private Investment Lending Cleveland Ohio
This company was recently established in December, 2008, and operates as a legitimate company.
They ask that brokers provide information on the commercial property that is searching for a loan and then immediately issue a Letter of Commitment for a Non-Recourse loan with an unbelievable interest rate. Once the Borrower wire transfers $4,595, and copies of tax returns and personal information, LCC begin their supposed "Due Diligence" process. The account represenatative continues to call the broker giving an update from Underwriting stating that Terms are forthcoming, but then low an behold, underwriting issues an email stating that there is a Condition on the loan, and the condition has to be removed in order for a loan to be provided.
The condition is ridiculous, and no way can be removed, therefore, LCC cannot make the loan. They want the borrower to submit a letter saying they are backing out of the loan process, then LCC does not have to refund the money.
It's a total SCAM. John Keenan recently had a different company by the name of Commercial Equity Management which also operated in the same manner, and was also found to be fraudulent. Mike Simon works for John Keenan as a Senior Vice President and is part of the SCAM. An attorney by the name of Edward F. Siegel has forwarded email stating that no money will be refunded.
Texas
Houston, Texas
U.S.A.
They ask that brokers provide information on the commercial property that is searching for a loan and then immediately issue a Letter of Commitment for a Non-Recourse loan with an unbelievable interest rate. Once the Borrower wire transfers $4,595, and copies of tax returns and personal information, LCC begin their supposed "Due Diligence" process. The account represenatative continues to call the broker giving an update from Underwriting stating that Terms are forthcoming, but then low an behold, underwriting issues an email stating that there is a Condition on the loan, and the condition has to be removed in order for a loan to be provided.
The condition is ridiculous, and no way can be removed, therefore, LCC cannot make the loan. They want the borrower to submit a letter saying they are backing out of the loan process, then LCC does not have to refund the money.
It's a total SCAM. John Keenan recently had a different company by the name of Commercial Equity Management which also operated in the same manner, and was also found to be fraudulent. Mike Simon works for John Keenan as a Senior Vice President and is part of the SCAM. An attorney by the name of Edward F. Siegel has forwarded email stating that no money will be refunded.
Texas
Houston, Texas
U.S.A.
3 Updates & Rebuttals
Down with cem
Vail,Colorado,
U.S.A.
John Keenan
#2General Comment
Sat, November 07, 2009
These guys just keep filing LLC's for each new company. They scam as many people as they can, then just dissolve the company. I'm going to contact the state's attorney about this scumbag. I would encourage anyone that has been scammed by these a-holes to do the same...
Texas
Houston,Texas,
U.S.A.
**Update on John Keenan and his many companies
#3
Mon, August 17, 2009
Be aware that John Keenan has other companies as well. He closed Livingston, Collins & Cohen, as well as Commercial Equity Management. According to the Cleveland, Ohio Better Business Bureau there are other companies by the name of Pyramid Sun, Ltd. (aka Pyramid Sun, LP) as well as 27851 Hilliard Boulevard, Ltd. which also happens to be his home address in Cleveland, Ohio, according to the appraisal district.
Pyramid Sun has a Virtual Office in Boston, therefore you can look on the Boston, MA better business bureau website.
If you do business with John Keenan or any of his affiliates, be aware it is a scam.
Texas
Houston,Texas,
U.S.A.
John Keenan, Mike Simon, Livingston Collins & Cohen
#4Author of original report
Mon, June 01, 2009
As of May 26, 2009, this company filed papers to dissolve, even though they were established in December 2008.
