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http://www.ripoffreport.com/brokerage-companies/www-stockholderloan/stockholderloan-com-deceptive-48d52.htm

Report: Www.stockholderloan.com
Share Reported By: (New York New York )
stockholderloan.com Deceptive Stock Loan Company Advertising Lies and Operating Illegally Irvine California
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2070 Business Center Drive Suite 160
Irvine California 92612
U.S.A.
Phone: [phone]
Web Address:


Category: Brokerage Companies


Submitted: Thursday, September 11, 2008
Last posting: Tuesday, November 11, 2008
This company is run by one Tony Gentile, who decided one day that he would put up a website loaded with falsehoods to try to make his company seem as if it is as legitimate as established companies like Emerging Money Corporation and HedgeLender or larger companies offering stock loans through credit unions.

His lies include the statement that his stock loan company has been in business for "two decades". This is patently false. His website has not even been up for 2 years.

He puts up a list of phony "testimonials" that Gentile himself wrote, all praising his crooked enterprise. None of the individuals exist.

He operates his company in California without a Finance Lender's License, which is required of every individual brokering or offering financial services, including loans, in the state of California, even though he operates from and gives his address as California.

Gentile takes individuals' stocks and dumps them on the open market by selling them, causing the price to drop, then he gives a portion of the sale to the "borrower" - and has the nerve to charge him interest. He then pockets the difference between the stock value and "LTV" of his crooked loan.

This individual has also touted his loan as "tax free" - and the IRS has been alerted. He spends a lot on Google Adwords because his company is so new that it cannot place for any organic (natural) search results under key words like "stock loan".

We hope that this disgusting company will be put out of business and people will be protected from victimizing any more clients. Let us hope that enough people are alerted to this con artist soon.

Reporter999
New York, New York
U.S.A.