- Report: #663442
Complaint Review: Southtrust Funding - Valrico Florida
Reported By:
copper22 -
Palm Beach Gardens, Florida, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Southtrust Funding
3660 Erindale Drive Valrico, 33596 Florida, United States of America
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Southtrust Funding Tom Tersigni, Mark Young, Randy Lape, Al Vargas Theft of $200,000 - Platform deal where money was taken from Escrow for their personal lifestyle - Valrico, Florida
Outright theft of $200k from a Platform deal: Tom Tersigni, Mark Young, Randy Lape, Al Vargas. Funds were supposedly held in escrow with a 10% loss risk....escrow funds were withdrawn immediately for their own lifestyles. RUN and don't give these little men who lack character and integrity the time of day. They will be reaping what they've sown....if they haven't already.
3 Updates & Rebuttals
ThomasT
Rochester,Michigan,
USA
All have been absolved
#2REBUTTAL Owner of company
Wed, June 21, 2017
To whom it may concern:
The defendants in these ridiculous claims have been completely absolved. The author has tried to ruin our lives and reputation. Thankfully, these accusations were tried in civil court. The jury ruled unanimously in our favor, and I have attached the proof. The claims made by the author were complete lies, and we had our day in court to prove so. If you're finding this, and looking to do business with us, please ask, and I will provide proof of the court's ruling.
ThomasT
Rochester,Michigan,
USA
This case has been closed!
#3UPDATE Employee
Mon, March 09, 2015
To Whom it May Concern:
I am writing this today to inform anyone that reads these rediculous claims, that this case was tried by a jury in the Wescheseter Supreme court in White Plains, NY. There were actually two trials. In the first trial the jury deliberated and found that none of the people named in the false complaint above had committed any fraud. Furthermore, they found that the above named individuals were not even "unjustly enriched".
The plaintiffs were able to get the court to agree to set that verdict aside and have a second trial, as they believed the jury was confused. The second trial lasted two days. The jury deliberated for less than two hours, and UNANIMOUSLY voted in favor of the defendants that no fraud was committed whatsoever.
This clearly shows the plaintiffs and authors of this rediculous post were indeed treated fairly. The outcome was not what they wanted. If you need further clarification you can email me. I have the court papers to show anyone who may be interested.
Randy Lape
Lithia,Florida,
United States of America
False Claims
#4REBUTTAL Owner of company
Thu, May 12, 2011
As everyone knows that handles commercial loans, there are almost always application fees to package and submit for funding large commercial projects. The packages are very compliacted on projects that are 50 million or more in funding request. These loans are not funded over night and can take from 6 month to 2 years depending on the project complications. The author of this report has no patience and pulled out in the middle of the process. They got their committment letter and everything was moving forward with the lending platform that is still in business funding commercial loans as I type this rebuttle. After time passed, many man hours and constant communications, site visit and other work had been put into the projects, they wanted a refund. These were application fees and at no time was the word escrow ever used nor were the funds ever put into an escrow account. Claims were made with the Florida Attorney General, Secret Service, Hillsborough Police Department, FBI, IRS and anyone else that is obligated to listen and follow through with investigations. After a quick investigation, all claims were deemed false and all cases were closed due to no evidence and no proof of wrong doing. This author is doing nothing but trying to cause problems because they are ignorrant in the commercial funding process. Feel free to contact any of the agencies named in his claim or in my rebuttle.
