Posted by Rich
Mr. Longo and his firm agreed to hold in trust and escrow funds which were placed for a period to evaluate a contemplated investment.
At the point the investment was determined to not be viable a request was made to return the escrowed funds. At that time Mr. Longo indicated they were no longer available and had been transferred.
Upon review of the documentation it was determined that the funds were released based on a forged signature from the investment group. Mr. Longo nor any other member of his firm failed to request from me, the owner of the funds, if the authorization was valid or if I was authorizing the transfer. Such was required in the escrow agreement.
Mr. Longo refuses to take responsibility for his fraudulent activity relative to his legal requirements.