As a group of current and former employees, we would like all consumers and the authorities to close down Vanguard Funding LLC. The practices by which they close loans is why the country is the way it is. Ed Bohm is not supposed to be associated in any way with mortgages but he is owner of the company along with brian Ofsie. He has an office in the back with one of the underwriters. GO GET EM FBI/BANKING DEP'T.
BEWARE OF INVESTING WITH VANGUARD On each of the following, Vanguard replaced my proposed investments with another generating little or no interest. With each I complained and asked to speak with a manager. Despite having very significant investments, Vanguard refused. Do not trust them with your money! ,
My mother had over $500,000 in various investments. She passed at the age of 97. During her later years, when she became less savvy, Vanguard put some of her money in an essentially non-interest bearing account. They took advantage of her age and physical condition and refused to address their actions.
My mother passed on 10/20. Four times I submitted the required paperwork to forward her investments in my name. I spent hours and over a year before they FINALLY included her investments with mine, as required by law.
I invested $500,000 in 5 accounts. I indicated this in both a formal application and a telephone conversation. Two months later, my statement indicated that it was put in a non-interest bearing accountVanguard refused my request to speak with a manager, and to provide some restitution. Once again, Vanguard refused my request to speak with a manager, and to provide some restitution.
4. On 12/27/2022 I called. I asked to invest $100,000 in Delta Airlines stock. The stock was selling at $32 a share. My statement indicated my investment instead was put on a Vanguard money market fund. I called, and was told this was a "settlement fund." Vanguard refused my efforts to speak with a manager, and lied to me stating their tapes did not indicate any Delta investment. I complained to FINRA. They admitted that I was told my investment in Delta was complete, and reluctantly backdated my investment. Of course, they offered neither an apology, nor an explanation. Vanguard has never allowed me to speak with a senior official despite my repeated requests. I have made requests for the taped conversations. Of course these requests were refused. It is apparent that Vanguard uses every opportunity to defraud their investors. Tony Raymond [email protected] 410-247-0837
I was working with another Bank and after 3 months could not get a phone call back. I was introduced to Brian Ofsie from Vanguard Funding where he took the time to meet with me and my husband. After meeting with Brian we realized we were treated like family. He was very honest with us and told us we needed to put more money down on our purchase and that was the issue. His service was remarkable and when we called to ask questions he picked up the phone or called us back the same day. The service and professionalism was beyond exceptional. I will recommend Brian to all my family and friends, so I guess what I am saying is you cannot believe everything you read. I took a chance and it paid off, again if it was not for Brian my family would of lost $20,000 on contract. They also closed our loan in three weeks. Thanks again to Brian and Vanguard, great work its nice to see people still care out there in the real world
From Department of Justice - U.S. Attorney’s Office - Eastern District of New York
The government’s case is being handled by the Office’s Business and Securities Fraud Section. Assistant United States Attorneys Whitman G.S. Knapp and Elizabeth Losey Macchiaverna are in charge of the prosecution.
“As alleged, the defendants sought short-term loans from financial institutions that served as a repository for lenders,” stated FBI Assistant Director-in-Charge Sweeney. “They then allegedly took the money, which is typically intended for borrowers looking to purchase a home, and used it for their own personal gain. Today’s charges are proof of our continued determination to root out those whose business practices attempt to harm the financial integrity of banks and financial institutions that facilitate homeownership.”
Read the full story here from Department of Justice, U.S. Attorney’s Office, Eastern District of New York
Vanguard Funding, LLC. Reviews
As a group of current and former employees, we would like all consumers and the authorities to close down Vanguard Funding LLC. The practices by which they close loans is why the country is the way it is. Ed Bohm is not supposed to be associated in any way with mortgages but he is owner of the company along with brian Ofsie. He has an office in the back with one of the underwriters. GO GET EM FBI/BANKING DEP'T.
BEWARE OF INVESTING WITH VANGUARD On each of the following, Vanguard replaced my proposed investments with another generating little or no interest. With each I complained and asked to speak with a manager. Despite having very significant investments, Vanguard refused. Do not trust them with your money! ,
My mother had over $500,000 in various investments. She passed at the age of 97. During her later years, when she became less savvy, Vanguard put some of her money in an essentially non-interest bearing account. They took advantage of her age and physical condition and refused to address their actions.
My mother passed on 10/20. Four times I submitted the required paperwork to forward her investments in my name. I spent hours and over a year before they FINALLY included her investments with mine, as required by law.
I invested $500,000 in 5 accounts. I indicated this in both a formal application and a telephone conversation. Two months later, my statement indicated that it was put in a non-interest bearing accountVanguard refused my request to speak with a manager, and to provide some restitution. Once again, Vanguard refused my request to speak with a manager, and to provide some restitution.
4. On 12/27/2022 I called. I asked to invest $100,000 in Delta Airlines stock. The stock was selling at $32 a share. My statement indicated my investment instead was put on a Vanguard money market fund. I called, and was told this was a "settlement fund." Vanguard refused my efforts to speak with a manager, and lied to me stating their tapes did not indicate any Delta investment. I complained to FINRA. They admitted that I was told my investment in Delta was complete, and reluctantly backdated my investment. Of course, they offered neither an apology, nor an explanation. Vanguard has never allowed me to speak with a senior official despite my repeated requests. I have made requests for the taped conversations. Of course these requests were refused. It is apparent that Vanguard uses every opportunity to defraud their investors. Tony Raymond [email protected] 410-247-0837
I was working with another Bank and after 3 months could not get a phone call back. I was introduced to Brian Ofsie from Vanguard Funding where he took the time to meet with me and my husband. After meeting with Brian we realized we were treated like family. He was very honest with us and told us we needed to put more money down on our purchase and that was the issue. His service was remarkable and when we called to ask questions he picked up the phone or called us back the same day. The service and professionalism was beyond exceptional. I will recommend Brian to all my family and friends, so I guess what I am saying is you cannot believe everything you read. I took a chance and it paid off, again if it was not for Brian my family would of lost $20,000 on contract. They also closed our loan in three weeks. Thanks again to Brian and Vanguard, great work its nice to see people still care out there in the real world
From Department of Justice - U.S. Attorney’s Office - Eastern District of New York
The government’s case is being handled by the Office’s Business and Securities Fraud Section. Assistant United States Attorneys Whitman G.S. Knapp and Elizabeth Losey Macchiaverna are in charge of the prosecution.
The Defendants:
EDWARD E. BOHM
Age: 39
Residence: Nissequogue, New York
EDWARD J. SYPHER, JR.
Age: 40
Residence: Scarsdale, New York
MATTHEW T. VOSS
Age: 42
Residence: Northport, New York
E.D.N.Y. Docket No. 17-MJ-742
https://www.justice.gov/usao-edny/pr/top-executives-long-island-mortgage-lender-arrested-engaging-89-million-fraud
“As alleged, the defendants sought short-term loans from financial institutions that served as a repository for lenders,” stated FBI Assistant Director-in-Charge Sweeney. “They then allegedly took the money, which is typically intended for borrowers looking to purchase a home, and used it for their own personal gain. Today’s charges are proof of our continued determination to root out those whose business practices attempt to harm the financial integrity of banks and financial institutions that facilitate homeownership.”
Read the full story here from Department of Justice, U.S. Attorney’s Office, Eastern District of New York