ZOOMERAL, INC. Reviews

: 5
20% Would buy here again

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E
E. Leannon
If you're thinking about investing with this company, I'd say don't do it. They're running some complex criminal operation, swiping MILLIONS from folks who don't deserve it...Read on
C
Carter
My experience with this company has been a total nightmare. They promised my family member a big return on their investment in just 70 days if they forked over a bunch of money. But it's been ...Read on
E
ebony
Don't listen to those guys! David, Michael, Caleb, and John are shady characters. They'll try to rip you off and take your money. They promise loans but they never come through. Stay far ...Read on
C
Casey Rogers
Beginning in 2020, and possibly before, two companies, McMann Commercial Lending (owner: Walter Trock) and Genie Investments, owned by David Hughes of Illinois, ... have been working a very sophist...Read on
K
Kim Nash
Mcmann Commercial Lending, Zoomeral, and Genie Investments 
We started the application process with McMann Commercial Lending for a BELOC loan December we wired a $7,900 application fee for this ...Read on

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    Investment Scam

    If you're thinking about investing with this company, I'd say don't do it. They're running some complex criminal operation, swiping MILLIONS from folks who don't deserve it. David Hughes and Genie Investments are working with brokers all over, tricking people left and right. I suggest keeping your distance from them. It's just a matter of time before they get caught and end up in jail.


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    Investment promise turned scam

    My experience with this company has been a total nightmare. They promised my family member a big return on their investment in just 70 days if they forked over a bunch of money. But it's been well over a year now and we haven't seen a dime of that promised return. And to top it all off, when we tried to ask about our investment, they hit us with threats of legal action if we said anything bad about them. It's just awful how they do business, exploiting folks who are just trying to make an honest living.


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    Business Expansion Line of Credit

    Don't listen to those guys! David, Michael, Caleb, and John are shady characters. They'll try to rip you off and take your money. They promise loans but they never come through. Stay far away from them!


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    Loans

    Beginning in 2020, and possibly before, two companies, McMann Commercial Lending (owner: Walter Trock) and Genie Investments, owned by David Hughes of Illinois, ... have been working a very sophisticated Ponzi scheme across state lines. Dozens of victims have had millions of dollars stolen from them in this sophisticated criminal enterprise. Both companies offer a program they call a BELOC-Business Expansion Line of Credit-that they promote daily on their website for business owners to access low interest lines of credit that are not personally guaranteed.



    Through a variety of channels David Hughes and Walter Trock con you into believing that they have “bond market channels” in which they raise capital to lend out at cheaper rates than others. When clients ask for previous deals they have funded, they hide behind the fact that they are bound by non-disclosure agreements with previous clients as financials of course are private and thus they cannot share the companies or the amounts they have successfully funded.



    Mcmann represents that their sister company is Genie Investments Nv, which is co-owned by David Hughes and Mike Conner who is an Attorney.



    McMann and Genie both work with a variety of brokers throughout the states to get clients to put money into an “ICA” (interest carry account) to “lock in the loan.” They offer their clients a 80+ page contract which many lawyers and bankers have signed off on. That is how sophisticated this criminal ring is. They have eluded attorneys, and many savvy business people for years stealing millions of dollars as they hide behind their contracts.



    Mcmann and Genie ask everyone to use the Zoomeral loan portal to download their documents. The Zoomeral Company (zoomeral.com) is also Owned by David Hughes of Genie Investments. David Hughes represents that his “wholesale lender” which is supposedly based in the UK, has failed to perform thus he takes no personal responsibility for the financial ruin he has caused dozens and dozens of people. However, even though he has contracts he has breached from 2020, throughout 2021, 2022, 2023, he continues to represent to clients that he can “fund their lines of credit,” while never making good on previous contracts but simply walking away as he continued to take millions of dollars knowing he would not fund their companies. The con men also work with brokers including Jessica Seithel in Scottsdale, AZ. BEWARE.



    The Mcmann loan officer is Michael Lanza has been trained to represent to clients that Mcmann has ways to fund these BELOC loans and also they throw out their that they can do other bridge loans “on the strength of their BELOC program”



    Members are told the BELOC loan will be funded in 75 days for the first tranche which pays back the ICA and then some. The second tranche is to be funded 75 days after that and can be for the whole loan amount (often times millions and millions of dollars). Victims of this Ponzi scheme that is perpetrated by David Hughes and Walter Trock have lost millions of dollars. The victims have banned together and have hundreds of emails, texts, recorded phone calls and voice messages from David Hughes and Walter Trock with proof of aforementioned crimes.



    If you have been ripped off by David Hughes or Walter Trock, report it to the Illinois FBI and the SEC.


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    Loan

    Mcmann Commercial Lending, Zoomeral, and Genie Investments
    
We started the application process with McMann Commercial Lending for a BELOC loan December we wired a $7,900 application fee for this LOAN then we wired a $37,500 on a bridge loan. (On a loan we where told they SCC) and 20,000 due diligence fee to Zoomeral/ David Hughes on 1/11/2023 At that point, We were verbally guaranteed, lots of emails, text as well as guaranteed within our contract, that we’d receive the funding of our first tranche (20% of loan) in no later than 75 calendar days and then the funding of our second tranche (80% of loan) in no later than 75 calendar days from the funding date of our first tranche. Around 75 days of waiting, we started asking about our funding. anytime we asked about our loan we received messages similar to or exactly like this plus a text and e-mail updates. One of the e-mail updates sent on 3/23 stated that the bank had placed a hold on the account due to the size of the deposits coming into and going out of the account and that attorneys were working to get the hold released. Then we received an e-mail on 4/03 stating that the hold had been released. On 5/10 we were told through e-mail that McMann attorneys were handling a compliance issue and that it should be resolved by Friday 5/12 and that the funding should be happening the week of 5/15 to 5/20. We are currently at 8 months of waiting for the funding of our money. I have received many text message, verbal calls, and letters. Excuse after excuse. Michael Lanza with McMann Lending would not call me back I would text him and he would not respond but maybe every 30 texts later but never over the phone.
    I have tried many times to get a refund. Walt Trock refuses saying 7900.00 was non refundable. You sold me this loan that you can’t get. I sent 57,500.00 to Genie Investments which now I find out David Hughes is the owner of Zoomeral the platform and Genie Investments. David Hughes does nothing but threaten me if I leave a review or speak with anyone regards this he will cancel my loan. That is why I have not posted up till now. I have personally received many threats of cancellation verbal and in letters from Mcmann Commercial Lending and Genie Investments/Zoomeral. Last week Walt Trock had admitted to me verbally and in text messages there is no money he totally blames Genie Investments/David Hughes. Walt Trock also told me he had not been paid off of 1 BELOC in over 2 years with David Hughes. I question why do I have all kind of proof that Michael Lanza saying he has never had to wait past 80 days? When there is people waiting 2 years? Up until this week Mcmann is still selling this loan. When I spoke to David Hughes yesterday If you express yourself he gets angry and refuses to listen and says he will block you and cancel your loan. As hard as it is I have been extremely patient with each of them. David Hughes offered me to give him another 3k and he may can get another loan. David Hughes also sent me a letter explain they are suing their capital provider. They refuse to tell you who is their capital provider and show proof . He saying he will try to get our deposit back or partial back threw a law suit to this capital provider. Ok, shut me up another couple of years to see if this law suit even comes to past. When you have my money. It should be in an escrow send it BACK! That is the right thing to do when you cannot give people what you promised but Mcmann Commercial Lending and David Hughes/Zoomeral/ Genie Investments refuses! I didn’t want to believe I was being scammed but my opinion is yes I have been.

    Leviticus 6:2


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