We were contacted by advance business capital via us mail for a loan i paid them $3500 for a business plan which to date i never got. The idea we were told was this way they could send it to all their lenders. Now kenneth schneider whom they told us would fund our loan. We recieved a loi and were told we needed to send him $7500 for due diligence which we got in writing was refundable if the loan didn't fund. Then he sent us a loan commitment letter asking us to deposit 1% of the loan amount in a title co.
We became suspious and contacted our attorney who sent him a letter saying the money would be put in his client fund account and when the loan funded he would release it. Mr schneider gave us numerous lame excuses as did keith mckenzie of advanced business capital as to when the loan would close. Bottom line it didn't and we are out $7500 which schneider got and $3500 mckenzie. I filed complaints with the ny attorney general's office as well as both in ohio and illinois. I have not gotten a response from new york and it's going on 8 weekd since i filed. Ohio responded saying i should contact the bb. Illinois is still looking in to this. I feel they both are connected to this fraud and will do whatever it takes to prosecute these crimminals.
Thank you
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