This is a letter I wrote to one of many people who have contacted me who have been scammed by Ben Johnson, John Campbell, and Rhondalyn Tanwar.
I am a broker who found Ben Johnson of Broadway Capital for some funding needs on several different projects. We went through the entire process and on February 15th the money was wired and all of the paperwork was completed. Over the past months it has gone from them telling us that it would fund any day to John Campbell promising "this week". There is always a new reason that it is not happening yet. Finally my clients could no longer wait for the hope of these funds to come through. They sent in their requests and now it has been three weeks and they still haven't received their 5% back.
I did some research on John Campbell and he has been sued for this same thing before. I have a court document showing a situation in which he and another partner scammed a church telling them the same info. That they were close and to keep waiting. The three individuals involved all point blame at each other. Ben Johnson has no idea what he is doing. He is very short and sometimes rude to people because when you press him for answers when it comes down to it he really doesn't know what is going on. John Campbell is a perfect example of the companies that collect a fee and never have any intention of funding your loan. They take the "processing fee" and then wait for you to pull out or they deny the loan. This allows him to keep 5,000 every time he tricks someone in to thinking it is a real deal. And finally there is Rhondalyn Tanwar, she was a mortgage broker a few years ago but now seems to have dropped off of the face of the earth. Her "U. S Financial Agency" is run out of a small home in Florida (Not the kind you would think someone with access to so much in assets would live) and if you try to contact her you will most likely not succeed. She checks her voicemail because her box will fill up and then be empty again but she will never return a phone call or an e-mail.
We are in the process of contacting the proper authorities including the FBI who will freeze all of the assets that these rip-off artists have access to. I am sorry to say that you, like many others have been taken by three individuals who have no concern for anyones well being beside their own. They make promises that they know all along they cannot fulfill. It is to the point right now that Ben Johnson, and John Campbell wont even speak to me. The last time I spoke with John Campbell he said if I call again he will push back the funding even further. He and Ben are liars and scammers. That is as simply as I can put it. No one can reach Rhondalyn so here we sit all in the same boat.
I have been trying to keep people in contact who are dealing with this company so that they can take action against them together. If you would like to be put in contact with them please let me know.
I know that this is a horrible situation but I wanted to share with you some of what I am able to do and find out what kind of business you are doing. I am a broker that has a pool of investors that I use for hard money, bridge loans. The investors love the short term deals and will fund them all day. Everything up to 1 year is relatively easy to get done. The shorter the term of the loan the better it is for our investors. They will fund against any real estate asset so long as the borrower owns the property free and clear, and that they stay around 50% Loan to Value. We have funded against everything from raw land to commercial property, to a single residential home. Their sweet spot is from around 500,000 up to 3 million. We do go bigger but they are a little harder and take some more time.
We also do splash cash deals. We have 1M that sits in an account solely for that purpose. Proof of Funds, Verification of Deposit, anyone who needs short term money (up to 60 days) placed in an escrow account. The money cannot be taken or touched but is simply used to close a deal. My guy can fund these in 24 hours. The borrower must deposit points charged in escrow upfront. Points vary, but usually 3-8 points depending on the amount.
I am on my e-mail all day so send me any scenarios that you have or that you come across and I can get it to our investors for a look. Please e-mail me with any questions that you might have.
I am interested to hear what your company is doing and how you are adjusting to the market in order to continue doing business. Several times throughout the month I will have an individual with funds looking to lend them out on these deals. Send me anything within the U.S. I will not ask for bogus fees and I am always here to answer questions. Thanks for your time and I hope to hear from you soon.
Broker
St. George, Utah
U.S.A.
0 comments