tcstcapital.com

Noah –

We had been scammed by TCST Capital / LL Creation / Lloyd Anastasi / Lloyd A Ralph as well on November 30th, 2019 for $15,000.00
We were required to send $15,000.00 upfront fees/funds to close a $3,000,000.00 loan with TCST Capital / LL Creation / Lloyd Anastasi / Lloyd A Ralph, this was a scam.

Mr. Lloyd Ralph and his son Myron defaulted on our loan contract agreement. The closing date came and no loan deposit. They then required us to pay upfront an additional $30,000.00 for IRS taxes, which was never disclosed to us. He promised us this time the loan would close. We did not send the additional payment.
Mr. Lloyd Ralph contractually defaulted on the $3 million dollar loan and was to return the $15 thousand dollar deposit within 24 to 48 hours as illustrated in the Loan contracts if he defaulted.
Due to his default and refusal to return the $15 thousand upfront fee has initiated a report to the White Collar Criminal and Bank Fraud departments at the FBI. Within the FBI report, all companies, parties & people associated with the $3 million dollar loan scam with TCST Capital / LL Creation / Lloyd Anastasi / Lloyd A Ralph have been disclosed in the report and legal action has been initiated.
The repayment has not been received.
He also used a personal bank statement to show “Proof of Funds, which when we called the bank to check on the bank statement they said the account is not active. This was after we paid the $15 thousand. When we asked for additional due diligence information he became very upset and said he provided enough and will not provide anymore information, which we do not have a right to.

Total SCAM!

Tracy –

Victim Location 92530

Total money lost $3,677

Type of a scam Other

I am a beginning real Estate investor needing a loan to finance my rehab / fix and flip project. A certain Lloyd Anastasi sent an email stating TCST will give me the loan I need for my project and started asking information of how much needed. Was sent an application (attached). After a few days he sent an email stating that the loan is approved but needs to go to underwriting and to wire money. Here’s a script of the email correspondence:

"Your loan agreement and commitment contracts has been received and documented for funding.

Kindly proceed to make payment of $1,927(0.1%) to the underwriting department to compute the final documentation for funding.

Wire info

Domestic Wire Instructions in Continental U.S. in U.S. Dollars (USD)

Wire to:

Campus Federal Credit Union

ABA # ?265473401?

Deron Brown

Account number 00059567

Please make sure you do this as soon as possible so that the underwriting department can compute within 24 hours to allow us proceed directly to funding ok.

Send us the receipt of payment immediately you are done.

Waiting to hear from you."

I was desperate and in a hurry to get the loan so I can start my project, I paid. The following week, he sent another email:

"Good morning and how was your weekend?

I just got a call from the Underwriting Dept. Officer that the documentation is been computed at the last phase and the deposited $1,927 won’t be enough to complete it.

They’ve requested a deposit of 0.5% ($9,635) to be made today to finally complete all documentation.

I will request you get back to me as quick as possible because we’ve already requested your wire scheduled to be Wednesday 21, August.

I will be waiting for your reply soon."

I told him I have no more money and resources to get the money. He said he would help raise the fund and asked a couple of credit cards where he will put funds in and in return, I buy prepaid google play cards with the funds. He did put money in there, paying off some of my balance, giving me more available credit. So I purchased the cards. After a couple of days, I received an email from my card companies stating that the payment was returned because the account it came from was closed. So I am out $3677 and my fix & flip project is not happening.

They have a website.. tcstcapital.com. looks legit but the the phone number and the address does not add up. The physical address on the website is in Duarte CA and google map shows it as a warehouse. The telephone area code is in Riverside CA which is about 70 miles away from the address. I called the number and the "ring" sounded like connecting international. And who answered? The man claiming to be Lloyd Anastasi with his African accent. He did send me a copy of a CA Driver’s license which does not add up because the info on the DL is a Caucasian man of close to 80 years old.

I am still trying to get my money back but it is a long shot…