Tom Stacy presented himself as a direct capital provider and wealth manager for very wealthy families - NOT TRUE.
I unwittingly submitted a dozen or so deals to him. When I submitted a very clean deal to him, a term sheet came out, but not from him. In fact they went around him, and therefore went around me. The truth came out - he took the file to another Broker, who took it to a Broker, who brought the funding.
What a ridiculous waste! This was an easily fundable deal and ruined my relationship with the client as well due to the absurd daisy chain of people involved, all holding their hand out.
Almost $400,000 in commission was paid, of which he only got $50,000 - which he was supposed to aplit with me. He kept every penny and it has been over 7 months now. He has not paid me a dime of the money he owes me despite countless promises.
He is a thief and a liar. Avoid this guy at all costs.