Report Filed: Larry Thompson, Alliance Generating Capital Front Fee Scam Los Angeles California!!
Searched Linkedin for a lender to provide a $100,000 bridge loan to enable funding of my venture. Larry Thompson promised he would provide the loan withing 48 hours of receiving a $1,000 processing fee which he later reduced to $500 if I promised to pay remaining $500 when loan was received which I plromised to do. I paid the $500 loan processing fee which Thompson confirmed. I expected my $100,000 bridge loan in two days as promised. Instead Thompson sent an email requiring $2,200 loan insurance never mentioned earlier and contradicting his promise to fund in 48 hours after receiving the processing fee. In his rebuttal, Thompson will state he told me he required a loan insurance fee in addition to the loan processing fee or he did not promise funding in 48 hours of receiving the processing fee. Larry Thompson runs a front fee scam. Do not make my mistake. Pay him nothing.