I too was ripped off by Daniel Levy of Symtek Solutions. Luckily I didn't send him any money, but he wasted a bunch of my time listening to him on conference calls and trying to get him to return my phone calls. It's no surprise to me that no one has been funded with his miracle no-credit unlimited money program.
On its face it seems quite ridiculous, but this snake-oil salesman and his supporting cast of so-called business credit "gurus" are promising a dream to desperate people and the fish are biting. Let's just take a look at some of the red flags of Daniel and his fly-by-night symtek solutions scam:
1: Started an advertising blitz on Craigslist in May and then his business was doing so well that his wildly successful campaign completely disappeared. He's got no website, incorporated in 12/07 and uses a virtual office address. Doesn't seem very confident in his ability to get all these people 500K - of which he should be getting a nice commission. Again - business 101 - establish credibility by using a permanant office location with employees who are trained and can return phone calls with updated client information.
2: Offers no proof of happy former clients or ability to get funding - when asked, says that past clients don't want to be harassed - all these scumbags say the same thing don't they?! That's because they don't exist!
3: Promises unlimited funding since all a prospective client has to do is come up with $3500 per corp and corps are unlimited. (Anyone else smell the BS here yet? So why not get 1000's of corps and just use each corp to pay the monthly payments on the other until you die? - what a joke) Not to mention the fact that we are currently in a lending CRISIS with multiple bank failures and NO ONE is lending Unsecured Money with or without financials - especially these large sums which are then being filtered to those with poor credit who have demonstrated an inability to handle money responsably - hence their poor credit. Do you really think lenders with this kind of money would be that stupid?
4: Is running a business that supposedly deals with millions and millions of dollars, yet lacks the professionalism of returning paying-client phone calls and emails? Looks like his scam is going better than he thought it would and his clients are wanting updates on the progress of their promised loans - the nerve of some people!
It's quite possible that Daniel had drunk his own coolaid and believes he might actually get people funding, but I highly doubt it. I can see Joe Carr is a believer, as he's the one who is giving this clown a platform to rip people off. Sorry Joe, but your reputation is going down with this one - and rightfully so too. Might I recommend proving a program's legitimacy first before sending the herd of naive dreamers into the slaughter. I guess that would mean wasted "potential" commissions though since reputation carries no weight anymore.
With all highlighted above, the rational person who understands how lenders with big money act should never fall for a scam like this. Unfortunately, those with poor credit are desperate these days and will sacrifice better judgement for the possibility of getting more money to feed their poor spending habits/bad investments/etc. I guess what it comes down to is this: The best scam artists play on the victim's greed and who doesn't want 500K of free money - especially when you can just buy another corp and use that money to pay off the first and so on and so on.
I'm just glad I smelled this scam a mile away. Unfortunately, I wasted my time listening to his garbage. I'm just glad Joe has some people on his program who actually have decent information. That's probably part of the problem though as he gains the trust of individuals with legitimate info then convinces them to open their wallets for the scams.
I hope others can see this for what it is and walk away from this guy - although it sounds like it may be too late for a lot of people - he is promising a refund so let's hope he can actually deliver on that, because there's no unlimited 500K's at the end of this rainbow.
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