Comments on Agave Mountain: Mutual Loan Bank Scam

Same here - as everyone said - I listened to this ...

2009-04-01T09:57:00.000-05:00

Same here - as everyone said - I listened to this man for a couple of minutes as I was on hold on my other line and found the whole pitch humorous - I asked him where the pre IPO stock was listed - he replied it is on the NASDAQ under a ticker (which I will not defame by naming here as I am sure he just made this up)- I said I am looking at it now they have been listed for years how is this pre-IPO? - he actually just ignored my comment and kept talking at which point I got bored and hung up -

i hear u

2009-03-21T09:49:00.000-05:00

i hear u

We were contacted by Robert Holland to invest in M...

2009-03-20T20:58:00.000-05:00

We were contacted by Robert Holland to invest in Mutual Loan Bank: 10,000 shares at $1.00 for a profit of $40,000 in a couple of months. How many people do you know who have a portfolio of mutual funds and need to borrow using them as a collateral? I do not know any. My husband insisted in "investing". We sent a cheque yesterday and put a stop payment today!

It is a scam. If nothing else, they are breaking ...

2009-03-18T16:25:00.000-05:00

It is a scam. If nothing else, they are breaking about a dozen SEC rules simply contacting you about an "IPO."

Contacted by David Hoffman, Graystone Capital, pit...

2009-03-18T08:02:00.000-05:00

Contacted by David Hoffman, Graystone Capital, pitching Mutual Loan Corp @ $1.00 per share. IPO within 60 days. Promised to send me material. Did not. I said I would do some research. Found this blog. YaHoo!
Gave me address 3440 Hollywood Blvd, Suit 415, Hollywood FL.
The only thing I find on the company are help wanted advertisements for "self motivated" sales people. No website. I did not do a Dun & Bradstreet on them. The address given appears to house "Kensington Hart Financial Group, LLC"
How legitimate does all of this sound to you?!

I WAS CONTACTED BY GRAYSTONE CAPITAL CONSULTANTS O...

2009-02-10T21:49:00.000-06:00

I WAS CONTACTED BY GRAYSTONE CAPITAL CONSULTANTS OF HOLLYWOOD FL.( AREIL FINE )
BACK IN NOV 2008 WAS OFFERED 10K SHARES OF MUTUALOAN @ 1.00 EA. AND THE IPO WOULD BE COMING OUT JAN-FEB 2009 @ 5.00 SHARE. I WAS STUPID I BOUGHT AND NOW THE CHASE IS ON. I WISH I WOULD HAVE FOUND THIS BLOGG EARLIER. DO YOUR HOMEWORK FIRST BEFORE INVESTING.

I just got the same phone call10 K initial investm...

2009-02-03T17:22:00.001-06:00

I just got the same phone call
10 K initial investment at $1 per share of Mutual Loan Bank would be worth 40 to 50 K in a few months
"As all of Wall Street knows".
Any question I asked was answered with a question about me or my finances. Finnaly I was asked for an adress so Fed Ex could pick up a check in 3 hours.
Yeah right
Sadly these tactics must work ocasionally or these guys would have quit by now.

I just got the same phone call10 K initial investm...

2009-02-03T17:22:00.000-06:00

This is exactly the same sales pitch I got last ye...

2009-01-27T10:43:00.000-06:00

This is exactly the same sales pitch I got last year, promising an IPO in 3 months -- 10k @ $1/share. It is a scam.

I too , was contacted By a Ariel Fine and was told...

2009-01-26T22:15:00.000-06:00

I too , was contacted By a Ariel Fine and was told that I could buy in right now @ $1.00 a share and that this company was about to go public @ $4.00 to $5.00 a share when it did. So I asked her to send me info. on this ,which never came. This was on 1-5-09

I also was contacted by Arielle Fine on 26 Jan 09....

2009-01-26T15:11:00.000-06:00

I also was contacted by Arielle Fine on 26 Jan 09. I asked her for the spelling of her name. She was pitching the same Mutual Loan Bank. For a minimum 10k investment I would get 10,000 shares. It was going to go public in about 3 months at a price of $5 per share so I would get a 40k profit on my 10k investment. I asked her about the banks management and financial info and drew a blank. After talking with her about 5 minutes she called me a liar and hung up. So I passed on this opportunity. I hope you do too.

I was contacted by Ariel Fine. She was also pushin...

2009-01-08T18:32:00.000-06:00

I was contacted by Ariel Fine. She was also pushing Mutual Loan Bank. This bank is supposedly the only one that will allow someone to take a loan against a mutual fund without penalty, or something like that. She had my name and a previous address. It was the same 10k commitment but for a $5 per share investment and she gauranteed me a 40k return in 6 months. Other than the gaurantee of enormous returns, she called me on my cell phone which I only give out sparingly so I know that it was very unlikely that we had spoken before like she said. I immediately looked up the name online and I got this scam website. I hope this helps someone else.

I was contacted by R Holland and he wanted to sell...

2008-11-03T18:08:00.000-06:00

I was contacted by R Holland and he wanted to sell me stock in a bank known as the Mutual Loan Bank owned by Mutual Loan Corporation, allegedly the fastest growning bank in the US!! He told me he would sell me 10,000 shares for $1.00 and that I would quickly be able to sell it at $6.00 per share. He had my address and said that he called me in the past and that because I did not buy I missed out on a large gain. Beware of MLM's bearing gifts. No bank of this nature would be selling on a cold call boiler room. Thanks for the opportunity Robert but I will pass.