Barry Steven Sobel / Barry Sobel Investment LLC Rockville Maryland

Complaint: On May 21, 2019 Barry Sobel contacted me via LinkedIn messaging and asked if we are looking for business funding. He proposed his company (Barry Sobel Investment LLC) lending program can lend up to $10M with 3-5 % p.a. interest rate with flexible terms. He guaranteed that his lending program offers only one fee, loan processing fee for $2,150 prior and after the loan disbursement and there is no other fee of any kind. So the loan application and discussion started on May 23rd. Because of our business’s current cash flow situation, I asked if he can deliver the loan by making such only loan procesing fee $2,150 50% paid upfront and 50% paid after the loan delivery completed. He agreed and accepted the term but upfront fee part was made $1,150. From the beginning, we have insisted that we would work with him if he can deliver the very same day the loan as our payment of $1,150 upfront has been made. On 5/23/2019, the $1,150 was paid by me via Bitcoin transfer to Barry Sobel’s wallet address. Immediately after he confirmed the receipt of the $1,150 he claimed he received less becasue of bitcoin rate was low and requested to send additonal $10 so additonal $10 sent. Later same day he again sent LinkedIn message telling that he won’t deliver the loan unless I pay $300 more as upfront part of the fee. So the $310 was sent so that he could receive net $300. But the same day delivery was not realized. After he failed the agreed same day delivery, we strongly claimed his unfairness breaching the terms agreed and signed in the loan agreement. He made a series of non-sense excuses and never agreed to rectify his unfair business conducts. During the course of dispute, he brought up that he needs to receive the remainder of loan fee for $700 and told unless receiving it, he would not deliver the loan as company’s policy. After series of dispute about his unfair and scam-like business attitude, we reluctantly agreed to pay the remainder of fee $700 and it was sent to his bitcoin wallet on 6/04. But again immediately he came back claiming he only received $551 instead of $700 by showing a fake made bitcoin receipt. Natually fierce complaints made by me as such day, bitcoin rate never fallen down to such low level and he made obviously a fake to cheat us and steal more. After this series of so uncomfortable discussion via LinkedIn messaging, because of the urgent need to get funded for our business, I made an adjustment payment for $110 in hope he would deliver the promised fund on the same day as he sent a guarantee mail “By receiving from borrower

Tags: Financial Fraud, Fraud- Automotive, Loan Fraud, Loan Scam, Scammers

Address: I Barry Soble guarantee that we do deliver loan and guarantee that there will be no more other fees to be paid by borrower””. But the loan fund never delivered. In addition to such additional undisclosed fees

Website: 142 Flanders C Delay Beach , Florida United States

Phone: recently (6/07 Fri) he came up with another fee ($176) as Value Added Tax for the transaction. It became very obvious the man was not legitimate and knowledgeable at all about the authentic loan tranaction talking about VAT… The guy is truly ridiculously nasty loan scammer and his unfairness is beyond description. Prior to enter into concrete loan discussion

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