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Jeffrey Rubin

Blatant Overlooked Fraud? eWarehouseOne

Have you heard of eWarehouseOne?

To view TBWSDaily's video on this alleged fraud click here

eWarehouseOne's website can be found at ewarehouseone.com

Interestingly, all of the names of their account executives have been recently removed from the website. Reports suggest that over a quarter of a million dollars in application money has been collected by eWarehouseOne but they have failed to deliver anything in return.

Over the past two months National Mortgage News has been reporting on a mysterious warehouse lender called eWarehouseOne. Late this week we learned that Anthony J. Simich, a division vice president for the firm – and one of few employees there who actually returns phone calls and emails – resigned. Simich spoke briefly with NMN and declined to say much about the firm and why he left. Needless to say, he's never actually met his boss, a man named Tom Reynolds, face-to-face. Simich has been employed there at a base salary of $4,000 per month since November. Never met your boss? If that's not strange, I don't know what is. Other eW1 warehouse account executives have bolted as well, including Henry Brandt.

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Published Tuesday, May 22, 2012 8:09 AM by Jeffrey Rubin

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