I read the Conquest Financial Services RipOffReport.Com allegations about Jeremy Murray below, from April, 2012, and, if they are true, this absolutely should make anyone upset!
These are the allegations in that RipOffReport:
"Conquest Financial Services Jeremy Murray Beware doing business with Conquest Financial Services. From their salesman, to the owners will never be there for you after you sign up a contract that's designed to completely rip you off. Totonto, Ontario Canada
Submitted: Tuesday, April 17, 2012
Posted: Tuesday, April 17, 2012
Reported By: Emma — Etobicoke Ontario Canada
Conquest Financial Services
326 Adelaide St. West, Suite 400, Totonto Ontario M9C 4X1 Canada
Conquest Financial Services was represented to me by Paul Murton as a sales agent. Once the terminal was installed and I had problems with it, he's gone! I would call their office and he no longer works there. Whenever I called their office for questions about billings and problems with my terminal, I never got any proper support. Once I got through (after many attempts) their tech guy Farouk for help, he came to my house and I had to give him $30 just so I could get my terminal running again. To top it all, you will be billed by 2 other companies that are based in US!
I can't remember the number of times they put me on hold only to be cut off for reasons only they know. All they do is charge your account without invoice, no explanation and you are left in the dark as to what they are for. They are defensive and rude and you will be shocked at how these people suck you dry. Cancellation fee is $700 and I am stuck with a terminal that they said they can't repair because it will be just as expensive than getting a new one. They said I can't have it repaired because that will mean I have tampered with the machine! Where do I turn then.
Now the terminal does not work and I owe another $1700 to Northern Leasing Company that's based in US, that these leeches are working with to scam people. Yes, CONQUEST financed my terminal through a company based in US with a Canadian address in its letterhead. Be forewarned and never come close to these company or you will find that these sharks are still very much a part of this society. I just hope that they meet their karma soon!"
http://www.ripoffreport.com/credit-card-fraud/conquest-financial-s/conquest-financial-services-je-6000b.htm
Then I read all of the RipOffReport alleged scam and alleged fraud pages on Jeremy Murray and Conquest Financial Services on the RipOffReport.com site at http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-je-c8cb3.htm and got really, really disgusted!
Then I read the ScamInformer.Com allegations mentioning Michael Shvartsman, the Russian Mafia, Admeris Payment Systems, jeremy Murray, Conquest Financial, Fraud And Organized Crime etc. at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html - the same 'Fraud and Organized Crime' allegations appear on the RipoffReport.com site under the heading 'Conquest Financial Services Jeremy Murray SCAM ARTIST, WHO ARE THESE PEOPLE Toronto, Ontario Fraud and Organized Crime' at http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-je-c8cb3.htm - and I was astonished!
Then I read the allegations from Conquest Financial Services 'ex-employees' - "Conquest Financial Scam Misleading claims, horrible customer service & cancellation fee Toronto Ontario - I was not a client but am actually an ex-employee who left Conquest Financial within the past few months (because I realized exactly how bad I was scamming clients), I reveal everything they are trying to hide from you..." at http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-scam-mislea-nd6dn.htm AND "they are a scam. I used to work there myself and found this blog post here - http://conquest-financial-scam.blogspot.com/ . That accurately describes how they scam their customers. With regards to how they treat you as an employee, they will save you should be making at least $500 a week, however most only make $200-$300 a week - and these are the openers that are good enough to stay. Some would actually be making $0 a week if they stayed. They also treat your paycheck like a loss of profit for them and it's a hassle to get paid. Never work at conquest financial" at http://forums.redflagdeals.com/conquest-financial-services-scam-736019/ and felt sick again!
Then I re-read again the first part of "Fraud and Organized Crime How is it that people suspected of having ties to Organized Crime are able to start up a Business that is involved with the collection of Credit Card Transactions and Money Lending. The Shvartsman Family from Toronto Ontario, Klara, Michael and Gerald, owners of the long deceased million dollar nightclub in the West Edmonton Mall known as KAOS, were accused of having ties to the Russian Mafia by the Edmonton Police Services. This action along with the police warning people to not go to this nightclub for safety reasons resulted in the Shvartsman’s closing the bar in the late 1990’s. Law Suits followed and The Shvartsman family left Edmonton, to return to Toronto and also set up roots in Boynton Beach Florida..." at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html
Then I read the posting by 'Boynton Beach' above: "I've been reading the allegations in the ScamInformer.Com report 'Fraud and Organized Crime' at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html with interest.
Russian Mafia allegations? Boynton Beach, Florida?
Hmmm....!
This is from a June 1, 2011, story in the Palm Beach Post, Florida, headlined 'Russian Mob Influence Growing In South Florida, FBI Says'
"Authorities say the case is a sign of the mob from the former Soviet Union reaching deeper into South Florida to commit "any type of fraud you can think of," said Brodsky, in charge of the Miami FBI's organized crime squad. Their stocks in trade: credit card fraud, cybercrime, human trafficking, prostitution, drugs, extortion and arms smuggling."
See http://www.palmbeachpost.com/news/news/russia ... rida-f-1/nLssD/
'Credit card fraud'?
If this ScamInformer report's 'Russian Mafia' allegations are founded in fact, this may be relevant or it may be not...."
Seeing these 'Russian Mafia' and 'credit card fraud' allegations, for some reason all I could think of in relation to the opportunities offered by credit card fraud as against credit card processing, without making any specific, express or implied scamming allegations about Ameris Payment Systems or Conquest Financial Services myself, was that famous quote from Teddy Roosevelt: "The uneducated man robs the train. The educated man steals the railroad."! That shrewd quote may be relevant here or it may not be.
Now I don't know if the allegations previously mentioned above are true or not, but there do seem to be a lot of them and they certainly do seem to raise some very unsavory questions.
According to another post above by 'Going Global' in reference to the alleged scamming by Conquest Financial, Toronto, Conquest Financial Services are now seeking "top sales superstars with a hunter mentality to develop new business opportunities globally".
Conquest Financial Services, Toronto, with a string of RipOffReport.Com scam allegations, is now going GLOBAL???
After reading about SelectCore Ltd's February 2012 acquisition of the assets of Conquest Financial Services, the alleged 'scammers', I wondered why a SelectCore Ltd, which has reportedly submitted a proposal for a prepaid Toronto 'welfare card' or 'Toronto City Service Benefit Card', would want to have anything to do with alleged 'scammers' Conquest Financial Services.
Now I am not making any express or implied allegations of any kind myself against Conquest Financial Services, Michael Shvartsman, SelectCore Ltd or anybody else named in this posting; I'm just passing on the results of my own research for your information and consideration.
I read the online posting quote concerning SelectCore Ltd which claimed that "Once the welfare prepaid card is issued by the company it is expected that they will further eat away at payday company revenues by offering microcredit payday loans that can be loaded directly to the card..."
That reference to "payday loans" took my mind right back to the ScamInformer.Com allegations headed 'Fraud and Organized Crime' at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html which allege: "How is it that people suspected of having ties to Organized Crime are able to start up a Business that is involved with the collection of Credit Card Transactions and Money Lending. The Shvartsman Family from Toronto Ontario, Klara, Michael and Gerald, owners of the long deceased million dollar nightclub in the West Edmonton Mall known as KAOS, were accused of having ties to the Russian Mafia by the Edmonton Police Services. This action along with the police warning people to not go to this nightclub for safety reasons resulted in the Shvartsman’s closing the bar in the late 1990’s. Law Suits followed and The Shvartsman family left Edmonton, to return to Toronto and also set up roots in Boynton Beach Florida...In Florida, Klara Shvartsman started up another nightclub known as The Grand. It to was short lived, after approximately 4 months the bar was closed by the police and the city of Boynton Beach...After all the Florida businesses were set up, some active, some not, Michael Shvatsman returned to Toronto to start a Business there called Conquest Financial Services, it was claimed to have an American office at 3370 190 St unit 3815, which has recently been changed to 3825 NW 135 st. OpaLoca Florida 33054. After researching this address, it seems to be a warehouse. Conquest Financial is a business like Vision Payment Solutions and it lends money to small businesses that cannot obtain a loan from a bank. It was also in the business of leasing POS Terminals. A portion of the credit card sales was the method of payment for the small business owner to repay his loan, along with a healthy fee charged to them. This business according to the Vice President of sales Jeremy Murray (Suspicious person) had thousands of clients. Conquest Financial in Toronto is located at 326 Adelaide Rd or St w unit 400. Also located at this address are three other companies, all of which have to do with Credit Card purchases in one way or another. Company 2 is Xtreme Mobility and advertises as having an American Address which is 3370 190 th st unit 3815 Aventura Florida. The phone number advertised for the American address is 408-368-4381 which happens to be a cell number T-Mobile in Sunnyvale California postal code 94086 registered to Jimmy Law, and coincidentally, Simon Law is the owner and CEO of Xtreme Mobility. Now, Xtreme Mobility also advertises that it is partners with Admeris Payment Systems also at 326 Adelaide unit 400 in Toronto, and is Company 3. Next is company 4 known as Optimus Capital Corporation. Until within the last month they to advertise they are at 326 Adelaide St, and, 4006 ST. Catherine W. Westmount Quebec H3Z 1P2. When researched, this address seems to be a Restaurant called Cote St Luc Bbq, how weird is that. This ends the circle of companies.
JUDGE FOR YOUSELF ON THE VALIDITY OF THIS COMPANY
”CONQUEST FINANCIAL SERVICES”"
http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html"
Those ScamInformer.Com allegations then took my mind back again to the question asked in another online posting on Conquest Financial Services: "Might not this Wikipedia information have a bearing if the Russian Mafia and Money Lending allegations included among the ScamInformer.Com 'Fraud and Organized Crime' allegations referred to ("Fraud and Organized Crime How is it that people suspected of having ties to Organized Crime" at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html) have any foundation in fact? I don't know. I'm just asking."
In the "Loan shark" article in Wikipedia (en.wikipedia.org/wiki/Loan_shark) which is referred to above, it states : "In its early phase, a large fraction of mob loansharking consisted of payday lending...Over time, mob loan sharks moved away from such labor intensive rackets. By the 1960s, the preferred clientele was small and medium sized businesses. Business customers had the advantage of possessing assets that could be seized in case of default, or used to engage in fraud or to launder money."
Conquest Financial Services apparently offer 'Merchant Funding', 'Merchant Cash Advances', or 'Credit Card Receivables Factoring'. It has apparently been claimed concerning Selectcore Ltd that "Once the welfare prepaid card is issued by the company it is expected that they will further eat away at payday company revenues by offering microcredit payday loans that can be loaded directly to the card..." I'm not making any express or implied allegations of any kind here, but that might be considered by some to be 'across-the-spectrum' money-lending, if true.
So I thought I'd check out SelectCore Ltd on RipOffReports.Com.
I found the 'breach of contract' allegations below about SelectCore Ltd. on Ripoffreport.com at http://www.ripoffreport.com/utility-companies/selectcore-ltd-canad/selectcore-ltd-canada-keith-m-a8147.htm (PLEASE NOTE: whether these 'breach of contract' allegations are true or not I do not know):
"RipOffReport.com Report: #800870
Complaint Review: Selectcore Ltd. Canada
Submitted: Tuesday, November 22, 2011
Posted: Sunday, July 08, 2012
Reported By: Michael — Prattville Alabama USA
Selectcore Ltd. Canada
1600 Steeles Ave. West Suite 318 Toronto Ontario L4K 4M2 United States of America
Selectcore Ltd. Canada Keith Mckenzie & Ryan Deslippe BREACH OF CONTRACT Toronto, Ontario
This was clearly a Breach of Contract, Business Joint Venture Agreement Pursuant to the laws of the Province of Ontario, Canada. Selectcore Ltd. is a Public Traded Company, refused to perform as promised and prevented me and my company from full filling obligations. This was a legally binding agreement sealed contract that was valid with attorneys and witness testimonies. I performed as agreed, kept up my end of the deal, they left contractual obligations unfulfilled and performed in an unsatisfactory manner causing great loss and sacrifice."
http://www.ripoffreport.com/utility-companies/selectcore-ltd-canad/selectcore-ltd-canada-keith-m-a8147.htm
See also: "selectcore-ltd | Ripoff Report | Complaints Reviews Scams Lawsuits Frauds Reported
Company Directory | selectcore-ltd" at http://www.ripoffreport.com/directory/selectcore-ltd.aspx
Essentially the same Selectcore Ltd allegations appear, posted at an earlier date and giving a Chatham Ontario address for Selectcore Ltd, on ComplaintsBoard.Com:
"Selectcore Ltd, Chatham, Ontario Complaints & Reviews - Breach Of Contact
Review all Selectcore Ltd, Chatham, Ontario complaints
Selectcore Ltd
Posted: 2011-11-22 by Michael S. Moore
Breach Of Contact
Complaint Rating: 100 % with 19 votes
Company information:
Selectcore Ltd
14 Williams St. North
Chatham, Ontario
Canada
Phone: (519) 562-5173
selectcore.com
Breach of Contract-
Business Joint Venture Agreement Pursuant to the laws of the Province of Ontario. They are a Public Traded Company on TSX refused to perform as promised and prevented me and my company from fulling obligations. This was a legally binding agreement contract that was valid with witness testimonies. I performed as agreed, kept up my end of the deal, they left contractual obligations unfulfilled and performed in an unsatisfactory manner causing great loss and sacrifice.."
http://www.complaintsboard.com/complaints/selectcore-ltd-chatham-ontario-c567068.html
And the same Selectcore Ltd allegations can be found also at ComplaintsNow.Com:
"Complaints Home > Selectcore Ltd. (Payment Processing) > Breach of Contract
by MikeMoore77 on Nov 22, 2011
Breach of Contract
Keith M. & Ryan D.- Breach Contract. This was a business joint venture agreement pursuant to the laws of the Province of Ontario. Selectcore is a public traded company on TSX refused to perform as promised and prevented me and my company from fulling obligations. This was a legally binding agreement contract that was valid with witness testimonies. I performed as agreed, kept up my end of the deal, they left contractual obligations unfulfilled and performed in an unsatisfactory manner causing great loss and sacrifice."
http://www.complaintnow.com/Selectcore-Ltd.-:-Breach-of-Contract-/complaint/complaints/message/show/158561/0/177057/0
Again, whether these 'breach of contract' allegations concerning SelectCore Ltd are true or not I don't know.
But I'm finding it either disconcerting or significant, I'm not sure which, that Conquest Financial Services, Michael Shvartsman and SelectCore Ltd are all mentioned in RipOffreport allegations posted on RipOffreports.Com.
Perhaps there may be good reason for the worried SelectCore Ltd investor quoted below to be asking this question about SelectCore Ltd's acquisition of Conquest Financial Services?
"Conquest Financial Services - SelectCore Ltd. - SCG
Conquest Financial Services
hopper_12
2/11/2012 7:53:36 PM | No Recommendation | 350 reads | Post #30658675
Did a little digging on the internet regarding Conquest Financial Services. Their Web sites alright, but there are alot of links on google like Conquest Financial Services fraud or Conquest Financial Services scam.
Does anyone know much about conquest?
I own alot of SCG shares and I hope this was a good move."
http://www.stockhouse.com/bullboards/MessageD ... =0&s=SCG&t=LIST
...And perhaps, while again without making any express or implied allegations of any kind myself, the City of Toronto ought now to be worried, too?
http://www.toronto.ca/legdocs/mmis/2011/bd/bgrd/backgroundfile-42776.pdf
Let me make this plain again: I'm not making any allegations of any kind myself here, whether express or implied, about any company or individual. These are just my own research results, thoughts and questions. You're as free to form your own opinion of all of this as I am.
Why would Selectcore buy a company that had it's corporationship dissolved by the Canadian Government for Non Compliance (forgot to file their tax returns for a few years)
Conquest Financial Services Dissolved see linkhttps://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fd ... &crpNm=conquest financial services&crpNmbr=&bsNmbr=
I saw in a recent Marketwire press release that Admeris Payment Systems (which appeared to share Toronto premises and some management with alleged scammers Conquest Financial Services) has now changed its name to SALT Technology, Inc. and moved its headquarters to San Francisco, CA. However, "SALT Technology, Inc. will continue to operate certain functions out of its Toronto, Canada and London, U.K. offices." I would assume that the Jeremy Murray and Michael Shvartsman named in the comments above are still involved in this company? Why the sudden need for a name change from 'Admeris Payment Systems' to 'SALT Technology, Inc.,' I wonder.
T saw this interesting post on Admeris Payment Systems and Salt Technology Inc over at http://800notes.com/Phone.aspx/1-647-430-9434/2 - "I saw in a recent Marketwire press release that Admeris Payment Systems (which appeared to share Toronto premises and some management with alleged scammers Conquest Financial Services) has now changed its name to SALT Technology, Inc. and moved its headquarters to San Francisco, CA. However, "SALT Technology, Inc. will continue to operate certain functions out of its Toronto, Canada and London, U.K. offices." I would assume that the Jeremy Murray and Michael Shvartsman named in the comments above are still involved in this company? Why the sudden need for a name change from 'Admeris Payment Systems' to 'SALT Technology, Inc.,' I wonder."
"That assumption about Jeremy Murray, Admeris Payment Systems and SALT Technology Inc appears to be correct. Jeremy Murray, who was apparently 'VP of Business Aquisition and Development'; for Admeris Payment Systems and 'Vice President Sales at Conquest Financial Services' is now listed on his online business profile as being 'VP Merchant Services at SALT Technology, Inc.' You can draw your own conclusions from that. 'Michael Shvartsman' is listed as 'Owner, Conquest Financial Services' but has been referred to previously, I seem to recollect, as 'Managing Director, Admeris Payment Systems'." - source: http://whocallsme.com/Phone-Number.aspx/5143152935/2#p489974667844806637