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  • Report:  #389386

Complaint Review: Pyramid Sun LP - Boston Massachusetts

Reported By:
- Columbia, South Carolina,
Submitted:
Updated:

Pyramid Sun LP
225 Franklin St Boston, 02110 Massachusetts, U.S.A.
Phone:
866-417-6131
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
Pyramid Sun LP is also located at 10237 Berea Rd, Cleveland, OH 44102. You submit a loan request and you get an LOI stating that you have to pay $18,000 for due dilience fees or $10,000 if you have an appraisal. The LOI also states that if you withdraw your loan application you lose your fees. If the company cannot get you a loan you get a refund of your fees minus any third party costs.

I had an appraisal done on a property and it did not come in at the required amount. I asked my rep KEVIN O'MALLEY (the only person who answers the phone by the way) if I will get a refund. He stated that I would and he would process the request. A few weeks went by and still no refund. I contacted Kevin several times and finally theatened to contact the FTC and then I received an email from the supposed accounting department stating that I will have something mailed out by the end of the day. I then recieve a letter from an attorney stating that I will not get my money back because I withdrew my loan application which in fact is not true.

I did do some type of investigation of the company before I sent money out. They are listed with the State Secretary Office in Ohio but not in MA. Kevin gave me the number to a referral but my associate asked for one and he received the same contact. Unfortunately for commercial and private equity loans they are not required to be listed with the state and are apparently not regulated like residential mortgages. I found this advertisement on Loopnet.

No one else at the company answers the phone nor do they return phone calls. Kevin has also called me from various phones located in Los Angeles, San Diego, Ohio (the only land line) and MA. He has set this operation upto look very professional. He has his Lawyer as the trustee of the company listed in OH. The one thing that I remember that stands out the most and should have threw up a red flag was that when I questioned the legitimacy of his company he became very defensive and almost angry about me sending the $10,000.

Bottom line "DO NOT USE THIS COMPANY, IT IS NOT LEGIT"

I have complaints in with the FTC and FBI.

Rocky

Columbia, South Carolina

U.S.A.


12 Updates & Rebuttals

Fnboot

Arlington,
Virginia,
United States of America
Fat Church Goer Gets Corrected

#2General Comment

Fri, March 08, 2013

So in your opinion the victim is wrong for trying to conduct business. Operating within the law is the obligation of the servicing business. It is the reason for the consumer protection laws and agencies that have come about. So to be clear, you have never been taken advantage of? I doubt that unless you are apart of the criminal syndicate that supports this type of business. Yes, this response goes to fat Pat Henton out of St. Paul Minnesota which can be found on page 3 of this link. http://www.stpaulsepiscopal.org/newsletter-files/201102.pdf

F**k off! I hope you're the next victim since you support getting scammed.


Rocky

Columbia,
South Carolina,
U.S.A.
Marvin, More People Have to be Taken

#3Author of original report

Thu, December 11, 2008

before the FBI will do anything. The company has changed their phone number and they have not responded to the BBB. I'm not going to let this go, they messed with the wrong person. As the saying goes, "What goes around comes around".


Rocky

Columbia,
South Carolina,
U.S.A.
Marvin, More People Have to be Taken

#4Author of original report

Thu, December 11, 2008

before the FBI will do anything. The company has changed their phone number and they have not responded to the BBB. I'm not going to let this go, they messed with the wrong person. As the saying goes, "What goes around comes around".


Rocky

Columbia,
South Carolina,
U.S.A.
Marvin, More People Have to be Taken

#5Author of original report

Thu, December 11, 2008

before the FBI will do anything. The company has changed their phone number and they have not responded to the BBB. I'm not going to let this go, they messed with the wrong person. As the saying goes, "What goes around comes around".


Tekalr

SAN ANTONIO,
Texas,
U.S.A.
Rocky from Columbia, South Carolina - Please contact me!

#6Consumer Comment

Thu, December 04, 2008

I am on the verge of doing a deal with Pyramid Sun and your report really got my attention. I'd like to hear what you have to say so I can avoid getting screwed like you. Please call me? My name is Marvin Thomas and you can reach me at (((ROR redacted))) Thanks! I think you may have saved me from making a big mistake! CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.


Rocky

Columbia,
South Carolina,
U.S.A.
Straight From the MA Better Business Bureau

#7Author of original report

Sat, November 22, 2008

"Pyramid Sun appears to be operating as an advanced fee loan business. According to information in BBB files this business offers loans to individuals with poor credit. Consumers are told that they must wire money to the business as a down payment/collateral/loan tax/processing fee before they can receive the loan. After wiring such funds the consumers are told that further money is needed to secure the loan. Ultimately, the consumers who have contacted us have never received their loans nor have they received a refund of the money they paid upfront. It is illegal for lenders to require any form of advance payment in order for consumers to secure a loan." This wasn't listed until recently otherwise I definately would not have contacted them. Note *No one by the name of Galvaick exist in MD nor in Google AND Charter Financial Services is located in MO*


Richard

Baltimore,
Maryland,
U.S.A.
We've done business with these guys

#8Consumer Comment

Fri, November 21, 2008

This sounds very unlike this firm. We have conducted business with them on three loans, one of which went no where and were overnighted our commitment immediately. We closed on the other two. We share this only to balance the fact that there are not many lenders out there that communicate and stay with the process till resolution. This firm does that and beyond. They need to be commended and supported. We believe that if they had an error, they would have taken the brunt of the issue and moved on. There is a missing element to this persons grip. Why use this forum? It only makes one look suspicious & less professional. "God has a plan and deceit is not in it" Richard Galvaick Charter Financial Services Baltimore MD


Richard

Baltimore,
Maryland,
U.S.A.
We've done business with these guys

#9Consumer Comment

Fri, November 21, 2008

This sounds very unlike this firm. We have conducted business with them on three loans, one of which went no where and were overnighted our commitment immediately. We closed on the other two. We share this only to balance the fact that there are not many lenders out there that communicate and stay with the process till resolution. This firm does that and beyond. They need to be commended and supported. We believe that if they had an error, they would have taken the brunt of the issue and moved on. There is a missing element to this persons grip. Why use this forum? It only makes one look suspicious & less professional. "God has a plan and deceit is not in it" Richard Galvaick Charter Financial Services Baltimore MD


Richard

Baltimore,
Maryland,
U.S.A.
We've done business with these guys

#10Consumer Comment

Fri, November 21, 2008

This sounds very unlike this firm. We have conducted business with them on three loans, one of which went no where and were overnighted our commitment immediately. We closed on the other two. We share this only to balance the fact that there are not many lenders out there that communicate and stay with the process till resolution. This firm does that and beyond. They need to be commended and supported. We believe that if they had an error, they would have taken the brunt of the issue and moved on. There is a missing element to this persons grip. Why use this forum? It only makes one look suspicious & less professional. "God has a plan and deceit is not in it" Richard Galvaick Charter Financial Services Baltimore MD


Richard

Baltimore,
Maryland,
U.S.A.
We've done business with these guys

#11Consumer Comment

Fri, November 21, 2008

This sounds very unlike this firm. We have conducted business with them on three loans, one of which went no where and were overnighted our commitment immediately. We closed on the other two. We share this only to balance the fact that there are not many lenders out there that communicate and stay with the process till resolution. This firm does that and beyond. They need to be commended and supported. We believe that if they had an error, they would have taken the brunt of the issue and moved on. There is a missing element to this persons grip. Why use this forum? It only makes one look suspicious & less professional. "God has a plan and deceit is not in it" Richard Galvaick Charter Financial Services Baltimore MD


Codeenforcer

Columbia,
South Carolina,
U.S.A.
Reply to "Dirty Laundry"

#12Consumer Suggestion

Thu, November 20, 2008

The only wrong doing and madness here is the people breaking the law. Since when did reporting a fraud or a company that is "Ripping people off" not supposed to be posted on this site? That is the purpose of this site. So since your reply does not meet the guidlines for a rebuttle as perscribed by this website, your comment should be removed. I wouldn't be surprised if you are actually the person that represents Pyramid Sun, LP. As a matter of fact it is in line with what you did previously on another site where you had a complaint removed and submitted a positive report posing as someone else. I also noticed that you are removing yourself from different websites. Too late for you. So you are aware, you are not discouraging us by postings like these. It is not over! We'll let the law do its thing. We have reported you to more than one federal agency and they are very interested since they confirmed you have broke the law. So look for that soap on a rope bar JOHN, you'll need it where you're going!


Patricia Henton

St. Paul,
Minnesota,
U.S.A.
Dirty Laundry

#13Consumer Suggestion

Thu, November 20, 2008

What's with airing your dirty laundry in public? Apparently, you did something wrong or you wouldn't be writing "madness". Ahhh (sigh) more amateurs in the commercial arena, se la vie. When will they go away. I like how they don't take your "bait" and respond. Now who's the crazy one. Don't be surprised if they slap you with a lawsuit for just being an idiot (is that possible?).

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