f*** you

The comment below on Admeris Inc (or Admeris Payment Systems), which has now reportedly become SALT Technology Inc. was found in a thread on Admeris Payment Systems, or Admeris Inc., SALT Technology Inc and Conquest Financial Services  at http://whocallsme.com/Phone-Number.aspx/5143152935/3 - I'm not making any personal statements or allegations on gthis myself, either:

"This followup comment is from a parallel thread on Admeris Inc, Admeris Payment Systems (now apparently SALT Technology Inc) and Conquest Financial Services at http://800notes.com/Phone.aspx/1-877-505-9383 - this comment is re-posted here solely for your consideration and for information purposes only: I'm not making any allegations of any kind on any of this myself. You should always exercise due diligence before forming your own opinion :-

"Curious Re. Admeris, SALT Technology Inc replies to Admeris, SALT Technology Inc? - Since my curiosity was aroused on this, I went and found and read that press release from a couple of weeks ago announcing that Admeris, Inc (AKA Admeris Payment Systems) had now become SALT Technology Inc. It certainly struck me as being glowing - almost, one might say, rapturous!

Then I went and read in full that quoted June 6, 2012, Glassdoor review of Admeris (now SALT Technology Inc) contributed by a 'Former Senior Software Engineer in Toronto, ON (Canada)' which was headed: ?Very disorganized, lacks leadership and good management.? He goes on to say there in his full review of Admeris that 'The management is haphazard at best. It is highly disorganized and unprofessional." - http://www.glassdoor.com/Reviews/Admeris-Reviews-E474361.htm

After comparing the press release on Admeris, Inc becoming SALT Technology Inc. with the comments in this Glassdoor review on Admeris, I'm reminded of why I always take press releases with more than a grain of salt!"

AS A USEFUL SUPPLEMENTARY NOTE: For context and for earlier and additional comments and posts on Admeris Inc, Admeris Payment Systems, SALT Technology Inc and  and Conquest Financial Services, see that parallel thread on Admeris Inc, Admeris Payment Systems, SALT Technology Inc and Conquest Financial Services at http://800notes.com/Phone.aspx/1-877-505-9383 "

Again, the comment above was found in a thread on Admeris Payment Systems, (or Admeris Inc.), SALT Technology Inc and Conquest Financial Services at http://whocallsme.com/Phone-Number.aspx/5143152935/3

Following that recent December, 2012, SALT Technology Inc. press release on Marketwire which announced that Admeris, Inc (or 'Admeris Payment Systems Inc') has now changed its name to 'SALT Technology Inc.,' I thought that this online review of Admeris might prove of interest (it's not my review, by the way, but appears to have been written by someone who actually worked at Admeris):

Review of Admeris: ?Very disorganized, lacks leadership and good management.?
- Former Senior Software Engineer in Toronto, ON (Canada) ? Reviewed Jun 6, 2012
See his full review at http://www.glassdoor.com/Reviews/Admeris-Reviews-E474361.htm

Rating for Admeris on Glassdoor.Com is: Employees are ?Very Dissatisfied? based on 1 rating
See http://www.glassdoor.com/Overview/Working-at-Admeris-EI_IE474361.11,18.htm

('Admeris, Inc' or 'Admeris Payment Systems Inc' has now changed its name to 'SALT Technology Inc.' according to a recent Salt Technology Inc. press release and has reportedly moved its 'global headquarters' to a low-rise building on a short side street at SALT Technology Inc., 89 De Boom Street, San Francisco CA 94107; a brewery takes up a large part of the rest of this small street. SALT Technology Inc. has also reportedly acquired a separate SALT Technology Inc. Toronto office now at 56 The Esplanade, Suite 220, Toronto, ON M5E 1Z4.)

You can find previous postings on Admeris Payment Systems and Conquest Financial Services on Page 1 of this thread at
http://800notes.com/Phone.aspx/1-647-430-9434

These recent postings are the latest part of a long thread on Conquest Financial Services, Admeris Payment Systems (now apparently re-branded as Salt Technology Inc,) Jeremy Murray and Michael Shvartsman at http://800notes.com/Phone.aspx/1-877-505-9383

As one of the postings below says, I don't know whether any of the allegations below are true or not and I'm not making any express or implied allegations myself here. You are free to do your own diligence and form your own opinion on all of this.

"Admeris as SALT Technology Inc.? replies to Admeris re-named SALT Technology Inc.? - Well, 'Admeris, Inc.' (now reportedly 're-branded' as 'SALT Technology Inc.'), mentioned in the RipOff Report allegation below along with Conquest Financial Services, may have found it expedient or necessary to change its name to 'SALT Technology Inc.' and to re-locate its head office for a number of reasons.

I don't know whether any of the allegations below  are true or not and I'm not making any express or implied allegations myself here. You are free to form your own opinion on this.

The 'Jeremy Murray' named below as 'Vice President of Sales for Conquest Financial Services' now apparently describes himself in an online business profile as being 'Jeremy Murray, VP Merchant Services for SALT Technology Inc.,' which appears to be the re-branded 'successor' to Admeris Payment Systems, according to numerous recent media reports based on a December, 2012, SALT Technology Inc., press release to that effect.

"RipOff Report: #697975

Complaint Review: Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD

Submitted: Monday, February 21, 2011
Posted: Monday, February 21, 2011
Reported By: We Are Watching You ? TORONTO Ontario Canada

'Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD Michael Shvartsman SCAMMING COMPANIES TO, ANYTHING TO GET THEIR HANDS ON INNOCENT PEOPLES CREDIT CARD INFORMATION Internet'http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-a-47dff.htm

The filer of this report on Conquest Financial Services and Admeris Payment Systems, from Toronto, then went on to write:

"We all know already about the SCAMS by Conquest Financial Services, well they have added another Company to their List  Admeris Payment Systems, The Contact for Admeris, just happens to be The Vice President of Sales for Conquest Financial Services, None other than our famous MR JEREMY MURRAY. jmurray@admeris.com

...Since being scammed by Conquest Financial Services, there is a group of individuals that are going to track all these Companies and report all findings as Scams and Frauds. All the information, will be iinformation that is found readily available on the Internet and not lies or unfounded inuendo. If you do business with Conquest Financial Services, Admeris Payment Systems, Xtreme Mobility or whatever other business identity they claim to be, your name will most likely show up on Rippoff Report."
http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-a-47dff.htm

Here is a list of the RipOffreport.Com reports on 'Jeremy Murray' and 'Conquest Financial', which appears to be (or have been) owned by Michael Shvartsman, who has been also referred to in at least one past media story as 'Michael Shvartsman, Admeris? managing director': http://www.ripoffreport.com/directory/Conquest-Financial-Services.aspx

(Admeris Payment Systems is the business that has now, apparently, become SALT Technology Inc. - there is also currently an online business listing for 'Michael Shvartsman at Admeris Payment Systems Netherlands Antilles' and a January 18, 2012, online Nevada 'domestic corporation' report for Admeris Payment Systems which also names 'Michael Shvartsman' as one of its principals)" - recent posting in a thread on Conquest Financial Services, Admeris Payment Systems, Salt Technology Inc, Jeremy Murray and Michael Shvartsman at http://800notes.com/Phone.aspx/1-877-505-9383

(I altered the mis-spelled word 'Techology' in the original post copied below to the correctly spelled 'Technology')

"Query on SALT Technology Inc & Admeris - Interesting. According to its website, Salt Technology Inc.is located at 89 De Boom Street, San Francisco CA 94107. That's a low-rise building on a short side street which also has a brewery on it. So it looks as though the 'global headquarters' of the re-branded Admeris Inc., which is what Salt Technology Inc. is reported to be, will be at 89 De Boom Street, San Francisco, while the Toronto office will still remain at the previous Admeris Payment Systems and Conquest Financial Services location at 326 Adelaide Street West in downtown Toronto, Canada?

The assumption that 'Admeris, Inc.' in the Salt Technology Inc. press release announcing this re-branding refers to 'Admeris Payment Systems' would also appear to be correct since the web site link for 'Admeris, Inc.' provided in the Salt Technology Inc. press release leads directly to the Admeris Payment Systems web site." - response posting in a thread on Conquest Financial Services, Admeris Payment Systems, Salt Technology Inc, Jeremy Murray and Michael Shvartsman at http://800notes.com/Phone.aspx/1-877-505-9383

"Admeris & SALT Technology Inc., Toronto? replies to Query on SALT Technology Inc & Admeris - The Toronto office address for SALT Technology Inc. (the re-branded 'Admeris Payment Systems' or 'Admeris Inc.') is apparently at 56 The Esplanade, Suite 220, Toronto, ON M5E 1Z4, Canada. They don't appear to be at Admeris Payment System's previously-listed address at 326 Adelaide Street West, Toronto, ON M5V 1R3, Canada. although that address is still currently shown on the web as the location of Admeris Payment Systems Inc. in Toronto. The 56 The Esplanade, Suite 220, Toronto, ON M5E 1Z4, Canada address is apparently their SALT Technology Inc. Toronto location - SALT Technology Inc.'s new  'global headquarters', as noted in another post here, is in a low rise on a small side street at 89 De Boom Street, San Francisco CA 94107. So do they have both a different name AND a different address now, or are they actually now using both of the 'Admeris, Inc' and 'SALT Technology Inc.' business names and both of these Toronto addresses?" - latest p;osting in a thread on Conquest Financial Services, Admeris Payment Systems, Salt Technology Inc, Jeremy Murray and Michael Shvartsman at http://800notes.com/Phone.aspx/1-877-505-9383

"That assumption about Jeremy Murray, Admeris Payment Systems and SALT Technology Inc appears to be correct. Jeremy Murray, who was apparently 'VP of Business Aquisition and Development'; for Admeris Payment Systems and 'Vice President Sales at Conquest Financial Services' is now listed on his online business profile as being 'VP Merchant Services at SALT Technology, Inc.' You can draw your own conclusions from that.  'Michael Shvartsman' is listed as 'Owner, Conquest Financial Services' but has been referred to previously, I seem to recollect, as 'Managing Director, Admeris Payment Systems'." - source: http://whocallsme.com/Phone-Number.aspx/5143152935/2#p489974667844806637

T saw this interesting post on Admeris Payment Systems and Salt Technology Inc over at http://800notes.com/Phone.aspx/1-647-430-9434/2  -  "I saw in a recent Marketwire press release that Admeris Payment Systems (which appeared to share Toronto premises and some management with alleged scammers Conquest Financial Services) has now changed its name to SALT Technology, Inc. and moved its headquarters to San Francisco, CA. However, "SALT Technology, Inc. will continue to operate certain functions out of its Toronto, Canada and London, U.K. offices." I would assume that the Jeremy Murray and Michael Shvartsman named in the comments above are still involved in this company? Why the sudden need for a name change from 'Admeris Payment Systems' to 'SALT Technology, Inc.,' I wonder."

I saw in a recent Marketwire press release that Admeris Payment Systems (which appeared to share Toronto premises and some management with alleged scammers Conquest Financial Services) has now changed its name to SALT Technology, Inc. and moved its headquarters to San Francisco, CA. However, "SALT Technology, Inc. will continue to operate certain functions out of its Toronto, Canada and London, U.K. offices." I would assume that the Jeremy Murray and Michael Shvartsman named in the comments above are still involved in this company? Why the sudden need for a name change from 'Admeris Payment Systems' to 'SALT Technology, Inc.,' I wonder.

Why would Selectcore buy a company that had it's corporationship dissolved by the Canadian Government for Non Compliance (forgot to file their tax returns for a few years)

Conquest Financial Services Dissolved see linkhttps://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fd ... &crpNm=conquest financial services&crpNmbr=&bsNmbr=

After reading about SelectCore Ltd's February 2012 acquisition of the assets of Conquest Financial Services, the alleged 'scammers', I wondered why a SelectCore Ltd, which has reportedly submitted a proposal for a prepaid Toronto 'welfare card' or 'Toronto City Service Benefit Card', would want to have anything to do with alleged 'scammers' Conquest Financial Services.

Now I am not making any express or implied allegations of any kind myself against Conquest Financial Services, Michael Shvartsman,  SelectCore Ltd or anybody else named in this posting; I'm just passing on the results of my own research for your information and consideration.

I read the online posting quote concerning SelectCore Ltd which claimed that "Once the welfare prepaid card is issued by the company it is expected that they will further eat away at payday company revenues by offering microcredit payday loans that can be loaded directly to the card..."

That reference to "payday loans" took my mind right back to the ScamInformer.Com allegations headed 'Fraud and Organized Crime' at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html which allege: "How is it that people suspected of having ties to Organized Crime are able to start up a Business that is involved with the collection of Credit Card Transactions and Money Lending. The Shvartsman Family from Toronto Ontario, Klara, Michael and Gerald, owners of the long deceased million dollar nightclub in the West Edmonton Mall known as KAOS, were accused of having ties to the Russian Mafia by the Edmonton Police Services. This action along with the police warning people to not go to this nightclub for safety reasons resulted in the Shvartsman?s closing the bar in the late 1990?s. Law Suits followed and The Shvartsman family left Edmonton, to return to Toronto and also set up roots in Boynton Beach Florida...In Florida, Klara Shvartsman started up another nightclub known as The Grand. It to was short lived, after approximately 4 months the bar was closed by the police and the city of Boynton Beach...After all the Florida businesses were set up, some active, some not, Michael Shvatsman returned to Toronto to start a Business there called Conquest Financial Services, it was claimed to have an American office at 3370 190 St unit 3815, which has recently been changed to 3825 NW 135 st. OpaLoca Florida 33054. After researching this address, it seems to be a warehouse. Conquest Financial is a business like Vision Payment Solutions and it lends money to small businesses that cannot obtain a loan from a bank. It was also in the business of leasing POS Terminals. A portion of the credit card sales was the method of payment for the small business owner to repay his loan, along with a healthy fee charged to them. This business according to the Vice President of sales Jeremy Murray (Suspicious person) had thousands of clients. Conquest Financial in Toronto is located at 326 Adelaide Rd or St w unit 400. Also located at this address are three other companies, all of which have to do with Credit Card purchases in one way or another. Company 2 is Xtreme Mobility and advertises as having an American Address which is 3370 190 th st unit 3815 Aventura Florida. The phone number advertised for the American address is 408-368-4381 which happens to be a cell number T-Mobile in Sunnyvale California postal code 94086 registered to Jimmy Law, and coincidentally, Simon Law is the owner and CEO of Xtreme Mobility. Now, Xtreme Mobility also advertises that it is partners with Admeris Payment Systems also at 326 Adelaide unit 400 in Toronto, and is Company 3. Next is company 4 known as Optimus Capital Corporation. Until within the last month they to advertise they are at 326 Adelaide St, and, 4006 ST. Catherine W. Westmount Quebec H3Z 1P2. When researched, this address seems to be a Restaurant called Cote St Luc Bbq, how weird is that. This ends the circle of companies.
JUDGE FOR YOUSELF ON THE VALIDITY OF THIS COMPANY
?CONQUEST FINANCIAL SERVICES?"
http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html"

"Money Lending"? "Organized Crime"? "Russian Mafia"?

Those ScamInformer.Com allegations then took my mind back again to the question asked in another online posting on Conquest Financial Services: "Might not this Wikipedia information have a bearing if the Russian Mafia and Money Lending allegations included among the ScamInformer.Com 'Fraud and Organized Crime' allegations referred to ("Fraud and Organized Crime How is it that people suspected of having ties to Organized Crime" at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html) have any foundation in fact? I don't know. I'm just asking."

In the "Loan shark" article in Wikipedia (en.wikipedia.org/wiki/Loan_shark) which is referred to above, it states : "In its early phase, a large fraction of mob loansharking consisted of payday lending...Over time, mob loan sharks moved away from such labor intensive rackets. By the 1960s, the preferred clientele was small and medium sized businesses. Business customers had the advantage of possessing assets that could be seized in case of default, or used to engage in fraud or to launder money."

Conquest Financial Services apparently offer 'Merchant Funding', 'Merchant Cash Advances', or 'Credit Card Receivables Factoring'. It has apparently been claimed concerning Selectcore Ltd that "Once the welfare prepaid card is issued by the company it is expected that they will further eat away at payday company revenues by offering microcredit payday loans that can be loaded directly to the card..." I'm not making any express or implied allegations of any kind here, but that might be considered by some to be 'across-the-spectrum' money-lending, if true.

So I thought I'd check out SelectCore Ltd on RipOffReports.Com.

I found the 'breach of contract' allegations below about SelectCore Ltd. on Ripoffreport.com at http://www.ripoffreport.com/utility-companies/selectcore-ltd-canad/selectcore-ltd-canada-keith-m-a8147.htm (PLEASE NOTE: whether these 'breach of contract' allegations are true or not I do not know):

"RipOffReport.com Report: #800870

Complaint Review: Selectcore Ltd. Canada

   Submitted: Tuesday, November 22, 2011
   Posted: Sunday, July 08, 2012
   Reported By: Michael ? Prattville Alabama USA

Selectcore Ltd. Canada
1600 Steeles Ave. West Suite 318 Toronto Ontario L4K 4M2 United States of America

   Phone: 1 (866) 464-0343
   Web: www.selectcore.com
   Category: Utility Companies

Selectcore Ltd. Canada Keith Mckenzie & Ryan Deslippe BREACH OF CONTRACT Toronto, Ontario

This was clearly a Breach of Contract, Business Joint Venture Agreement Pursuant to the laws of the Province of Ontario, Canada. Selectcore Ltd. is a Public Traded Company, refused to perform as promised and prevented me and my company from full filling obligations. This was a legally binding agreement sealed contract that was valid with attorneys and witness testimonies. I performed as agreed, kept up my end of the deal, they left contractual obligations unfulfilled and performed in an unsatisfactory manner causing great loss and sacrifice."
http://www.ripoffreport.com/utility-companies/selectcore-ltd-canad/selectcore-ltd-canada-keith-m-a8147.htm

See also: "selectcore-ltd | Ripoff Report | Complaints Reviews Scams Lawsuits Frauds Reported
Company Directory | selectcore-ltd" at http://www.ripoffreport.com/directory/selectcore-ltd.aspx

Essentially the same Selectcore Ltd allegations appear, posted at an earlier date and giving a Chatham Ontario address for Selectcore Ltd, on ComplaintsBoard.Com:

"Selectcore Ltd, Chatham, Ontario Complaints & Reviews - Breach Of Contact
Review all Selectcore Ltd, Chatham, Ontario complaints
Selectcore Ltd
Posted: 2011-11-22 by           Michael S. Moore     
    
Breach Of Contact
Complaint Rating: 100 % with 19 votes
Company information:
Selectcore Ltd
14 Williams St. North
Chatham, Ontario
Canada
Phone: (519) 562-5173
selectcore.com
    
Breach of Contract-
Business Joint Venture Agreement Pursuant to the laws of the Province of Ontario. They are a Public Traded Company on TSX refused to perform as promised and prevented me and my company from fulling obligations. This was a legally binding agreement contract that was valid with witness testimonies. I performed as agreed, kept up my end of the deal, they left contractual obligations unfulfilled and performed in an unsatisfactory manner causing great loss and sacrifice.."
http://www.complaintsboard.com/complaints/selectcore-ltd-chatham-ontario-c567068.html

And the same Selectcore Ltd allegations can be found also at ComplaintsNow.Com:

"Complaints Home > Selectcore Ltd. (Payment Processing) > Breach of Contract
by MikeMoore77 on Nov 22, 2011

Breach of Contract

Keith M. & Ryan D.- Breach Contract. This was a business joint venture agreement pursuant to the laws of the Province of Ontario. Selectcore is a public traded company on TSX refused to perform as promised and prevented me and my company from fulling obligations. This was a legally binding agreement contract that was valid with witness testimonies. I performed as agreed, kept up my end of the deal, they left contractual obligations unfulfilled and performed in an unsatisfactory manner causing great loss and sacrifice."
http://www.complaintnow.com/Selectcore-Ltd.-:-Breach-of-Contract-/complaint/complaints/message/show/158561/0/177057/0

and also at:

http://www.getpayback.com/point-of-sale-systems-pos/selectcore-keith-mckenzie-ryan-deslippe/

Again, whether these 'breach of contract' allegations concerning SelectCore Ltd are true or not I don't know.

But I'm finding it either disconcerting or significant, I'm not sure which, that Conquest Financial Services, Michael Shvartsman and SelectCore Ltd are all mentioned in RipOffreport allegations posted on RipOffreports.Com.

Perhaps there may be good reason for the worried SelectCore Ltd investor quoted below to be asking this question about SelectCore Ltd's acquisition of Conquest Financial Services?

"Conquest Financial Services - SelectCore Ltd. - SCG
Conquest Financial Services
hopper_12
2/11/2012 7:53:36 PM | No Recommendation | 350 reads  | Post #30658675
Did a little digging on the internet regarding Conquest Financial Services. Their Web sites alright, but there are alot of links on google like Conquest Financial Services fraud or Conquest Financial Services scam.
Does anyone know much about conquest?
I own alot of SCG shares and I hope this was a good move."
http://www.stockhouse.com/bullboards/MessageD ... =0&s=SCG&t=LIST

...And perhaps, while again without making any express or implied allegations of any kind myself, the City of Toronto ought now to be worried, too?
http://www.toronto.ca/legdocs/mmis/2011/bd/bgrd/backgroundfile-42776.pdf

Let me make this plain again: I'm not making any allegations of any kind myself here, whether express or implied, about any company or individual. These are just my own research results, thoughts and questions. You're as free to form your own opinion of all of this as I am.

Let me be clear that I am not making any allegations of any kind about any individuals or any companies named in this posting.

But I do have some questions.

According to a press release I saw on the net, SelectCore Ltd of Toronto (CVE:SCG) agreed in February of this year to acquire the assets of Conquest Financial Services, alleged 'scammers'.

Selectcore Ltd. is listed on the Toronto junior venture exchange.

It appears (if I understand the press release correctly) that Michael Shvartsman, as the reported owner of Conquest Financial Services (which is mentioned in numerous RipoffReports at RipoffReports.Com), will receive or has received a substantial shareholding in SelectCore Ltd as a result.

Michael Shvartsman was also mentioned in the ScamInformer 'Fraud and Organized Crime' allegations at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html  

Conquest Financial Services still appears to continue operating from the 326 Adelaide Street West, Toronto, ON M5V 1R3 address.

Admeris Payment Systems, of which Michael Shvartsman is the reported Managing Director, also apparently operates from this address.

RipoffReport allegations on Conquest Financial Services can be found at:
"Conquest-Financial-Services | Ripoff Report | Complaints Reviews Scams Lawsuits Frauds Reported
Company Directory | Conquest-Financial-Services"
http://www.ripoffreport.com/directory/Conquest-Financial-Services.aspx

Michael Shvartsman and Admeris Payment Systems are also mentioned in the RipOffReport.Com allegations below, found at
http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-a-47dff.htm

"Report: #697975

Complaint Review: Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD

   Submitted: Monday, February 21, 2011
   Posted: Monday, February 21, 2011
   Reported By: We Are Watching You ? TORONTO Ontario Canada

Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD
326 Adelaide St W unit $00 Internet M5V 1R3 United States of America

   Phone: 866-854-9851
   Web: www.admeris.com
   Category: Credit Card Processing Companies

Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD Michael Shvartsman SCAMMING COMPANIES TO, ANYTHING TO GET THEIR HANDS ON INNOCENT PEOPLES CREDIT CARD INFORMATION Internet

We all know already about the SCAMS by Conquest Financial Services, well they have added another Company to their List  Admeris Payment Systems, The Contact for Admeris, just happens to be The Vice President of Sales for Conquest Financial Services, None other than our famous MR JEREMY MURRAY. jmurray@admeris.com...Since being scammed by Conquest Financial Services, there is a group of individuals that are going to track all these Companies and report all findings as Scams and Frauds. All the information, will be iinformation that is found readily available on the Internet and not lies or unfounded inuendo. If you do business with Conquest Financial Services, Admeris Payment Systems, Xtreme Mobility or whatever other business identity they claim to be, your name will most likely show up on Rippoff Report."
http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-a-47dff.htm

(I don't know whether any of these allegations mentioning Conquest Financial Services, Jeremy Murray, Admeris Payment Systems and Michael Shvartsman are true or not)

SelectCore Ltd appears, as I understand it, to have submitted a proposal to the City of Toronto regarding the introduction of prepaid Toronto 'welfare' cards (or Toronto 'City Service Benefit Cards').

See http://www.toronto.ca/legdocs/mmis/2011/bd/bgrd/backgroundfile-42776.pdf

SelectCore Ltd's proposal reportedly, according to another online posting, features Mastercard-based pre-paid Toronto 'welfare' cards (or Toronto 'City Service Benefit Cards').

Apparently, hundreds of millions of dollars would be loaded onto and processed through these cards.

the same online posting claims that "Once the welfare prepaid card is issued by the company it is expected that they will further eat away at payday company revenues by offering microcredit payday loans that can be loaded directly to the card..."

"Microcredit payday loans" on a City of Toronto 'welfare' card?

I'm wondering if Conquest Financial Services, with all of the 'scam' allegations mentioning Conquest Financial Services, will be involved in this SelectCore Ltd pre-paid Toronto 'welfare'card (or Toronto 'City Service Benefit Card') proposal in any way?

Now I am NOT thinking about or alleging the potential for possible identity theft or fraud here. I'm not making any allegations of any kind at all, express or implied.

But I AM concerned about any possible link to Conquest Financial Services, given the various 'scam' allegations concerning Conquest Financial Services.

If there IS a Conquest Financial Services connection of any kind to this SelectCore Ltd pre-paid Toronto 'welfare card' (or Toronto 'City Service Benefit Card') proposal, then the Toronto media might well end up having a field day given all of the 'scam' allegations that have been made about Conquest Financial Services on Ripoffreports.Com and elsewhere.

That might then certainly cause some serious embarrassment to the City of Toronto's administration if they weren't previously aware of these 'scam' allegations about Conquest Financial Services.

Personally, I couldn't usually care less about who gets what contract. I have no investments in the stock markets and don't intend to have any.

But I am concerned about any possible Conquest Financial Services connection to this Toronto 'welfare' cards (or Toronto 'City Service Benefit Cards') proposal.

Again, I'm not making any allegations of any kind myself about Conquest Financial Services, Michael Shvartsman, Admeris Payment Systems, Jeremy Murray or SelectCore Ltd here. I'm just asking questions.

Those 'ex-employee' allegations about Conquest Financial Services made me think of these 'ripped off and scammed' allegations about Conquest Financial Services at:

http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-services-b-eb3db.htm

This is that RipOffReport.Com report and allegations on Conquest Financial Services by someone who alleges that they were 'Ripped off and scammed' by Conquest Financial Services (the address on this report appears to be an older one, and should read 'Canada' not 'United states of america', as appears from the first Comment on this report below):

"RipOffReport.Com Report: #578932

Complaint Review: Conquest Financial Services

   Submitted: Friday, March 05, 2010
   Last Posting: Tuesday, April 17, 2012
   Reported By: Frustrated ? Edmonton Alberta Canada

Conquest Financial Services
#301-885 Don Mills Rd Internet M3C 1V9 United States of America

   Phone: 1-877-505-9383
   Web: conquest-financial.ca
   Category: Financial Services

Conquest Financial Services BEWARE!!!Ripped off and scammed by a company who I thought would help..SHAME on you Jeremy Murray, Internet
*General Comment: Confirming that Conquest is a big rip off!

I was looking for funding and I found an advertisement in a little magazine publication. It seemed okay. It had a huge ad that drew me in saying all the right things, "No financial statements, tax returns, business plans, perfect credit or application fees". It was one of those companies that works with businesses who accepted (POS)credit cards and debit cards. I called just to get some information, next thing I knew I was filling out an application. For me to get funding it depended on my monthly interac sales, which was fine. I was approved right away but for me to get the funding I had to switch interac companies. Plus, I had to lease their (POS)machine. They took an annual members fee and a setup fee out of my account, something they did not mention and another fee by the leasing company. AND I STILL DID NOT GET ANY FUNDING! After all that they informed me that I needed a co-signer. So, got one and still no funding till months and months later. Finally, I got tired of waiting and calling with no avail, I tried to cancel. No such luck! Apparently, there is a cancellation fee which I can't afford so I let them take their monthly service charge out of my account every month. AND I'm locked into a non-cancelable lease agreement with an interac terminal I don't even use, and that monthly payment also is credited out of my account. They informed me that I can transfer to another person or business who wants it but chances on that happening is slim. Really should have went with my instincts on this one but was desperate for some extra funding. BBB gave them a low rating. I don't know what to do. Someone PLEASE HELP ME! PLEASE!"

These Conquest Financial Services 'ripped off' and 'scammed' allegations were then followed below that RipOffReport by these two allegations concerning Conquest Financial Services, as Comments below that RipoffReport:

Comment No. 1 made this allegation about Conquest Financial Services location following the 'ripped off' and 'scammed' allegations above about Conquest Financial Services:

"#1 Update By Author
Location of Conquest Financial Services
AUTHOR: Anonymous - Maidstone (Canada)

SUBMITTED: Saturday, March 06, 2010
They are located in Toronto, Ont. CANADA"

Comment No. 2 made these 'rip off' allegations about Conquest Financial Services following the 'ripped off' and 'scammed' allegations above about Conquest Financial Services:

"#2 Consumer Comment
Confirming that Conquest is a big rip off!
AUTHOR: Emma - Etobicoke (Canada)

SUBMITTED: Tuesday, April 17, 2012
I got into this contract with Conquest too and unbelievable how thay can charge so much with so little service after the terminal has been installed. I am a very small business owner and really wondering how people like Jeremy Murray was allowed to run a blood sucking business that preys on hard earned money like mine. I don't know how and where to get help. Something needs to be done to stop these monsters from victimizing others."
http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-services-b-eb3db.htm

Whether these 'scam' and 'rip off' allegations about Conquest Financial Services are true or not I don't know. But there certainly are a number of 'scam' allegations about Conquest Financial Services at:

"Conquest-Financial-Services | Ripoff Report | Complaints Reviews Scams Lawsuits Frauds Reported
Company Directory | Conquest-Financial-Services"
http://www.ripoffreport.com/directory/Conquest-Financial-Services.aspx

And the 'Fraud and Organized Crime' allegations on Scaminformer.Com, which mention Conquest Financial Services  http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html

...together with the Conquest Finacial services 'ex-employee' allegations at:

"Conquest Financial Services... Scam? - RedFlagDeals.com Forums"
forums.redflagdeals.com/conquest-financial-services-scam-736019/

certainly make do me wonder about Conquest Financial Services.

These allegations about Conquest Financial Services are beginning to make me think that getting a 'merchant cash advance', 'merchant funding' or engaging in 'credit card receivables factoring' with ANy company operating in this field might be a REALLY bad idea! But that's just my opinion on all of this.

More on Conquest Financial Services, alleged to be 'scammers'?

I was stunned by the 'ex-employee' allegations below about how Conquest Financial Services, alleged 'scammers', allegedly make misleading 'cold call' claims to potential customers and allegedly charge REALLY HIGH FEES for their 'Merchant Cash Advances / Merchant Funding' services and also allegedly charge 'ridiculous cancellation fees'!

You can see these Conquest financial Services 'ex-employee' allegations for yourself at http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-scam-mislea-nd6dn.htm

(These 'scam' allegations, posted in 2009, give alleged scammers Conquest Financial Services old address at 1 Yonge St. Toronto Ontario Canada. Their current address is 326 Adelaide Steet West, 4th Floor, Toronto, Ontario M5V 1R3, Canada).

Here is are the RipOffReport allegations about Conquest Financial Services which were posted to RipOffreport.com by someone calling themselves an 'ex-employee' of Conquest Financial Services, alleged 'scammers':

"Report: #476971

Complaint Review: Conquest Financial Scam

   Submitted: Thursday, August 06, 2009
   Last Posting: Saturday, August 08, 2009
   Reported By: ? toronto Ontario

Conquest Financial Scam
1 Yonge St. Toronto Ontario Canada

   Phone:
   Web:
   Category: Financial Services

Conquest Financial Scam Misleading claims, horrible customer service & cancellation fee Toronto Ontario

I was not a client but am actually an ex-employee who left Conquest Financial within the past few months (because I realized exactly how bad I was scamming clients), I reveal everything they are trying to hide from you. There offer 2 things POS merchant services and Merchant funding

POS Merchant services

There is a good chance that if you are reading this, you have been cold-called by an employee working for Conquest financial.

First a little about their customer service

Many of their competitors offer on-site same-day support (in person) in the event of a problem with your processing terminal. Those that don't at least offer on-site support, although they obviously still wouldn't be able help you the same day. Conquest financial offers neither. You have to call Conquest Financial by phone, and if you're lucky you may get an employee competent enough to tell you how to fix whatever problems you are having with your terminal. If you are tech-savvy you should be fine. If not, find someone who is.

Secondly, the ridiculous cancellation fees.
Whoever you are talking to will probably avoid answering this question at all costs, and if they are forced to may lie. Conquest financial is not the second largest processor in north America like the employees they sometimes say they are. Conquest financial is one of the many processors that use processors from Elavon for processing transactions. Elavon is the second largest processor in North America, not conquest financial. Take a deep breath now. The cancellation fee for Conquest is $500, and since conquest is affiliated with Elavon you have to pay Elavon's cancellation as well, another $200. So you end up paying $700 if/when you choose to back out of the deal because of the horrible customer service. For most clients, this cancellation fee is too high and they simply stay with Conqeust until their contract is up.

Thirdly the rate reduction
This just takes some common sense. You were most likely promised 30 - 50% of a rate reduction. Do you honestly think that if you're paying $1000 a month right now, that it would be lowered to $500-700? Conquest has only lowered their rates this much for a select few businesses before who were receive absolutely preposterous rates. If Conquest did do this for clients, they'd probably have 1000 times more clients than they currently have. Although Conquest Financial might lower your rates a bit, remember that you will most likely still have to pay cancellation fees with your current processor (it is very rare the Conquest financial will cover it for you). Also you have to go through the hassle shipping back your current terminal, along with getting Conquests' and setting it up obviously.

I thought I would put this up because Conquest financial is so small with so few customers that they have barely received any feedback online. My suggestion: If you really think your the rates your current processor is giving you is too high, contact one of the larger processors such as (((Redacted)))

Merchant Funding/Advance

First, is the ridiculous amount that you pay back. Let me go over exactly how you pay Conquest

Conquest Financial gets their money back by taking a portion of your Credit and Debit card sales (usually somewhere around 20-25%) over a fixed time period. This time period in most cases is either 4 months, 6 months or 9 months. Although there is no interest the longer this time period the more you will end up paying back.

For a 4 month payback period, you will pay back 1.3 times the original amount.

For a 6 month payback period you will pay back 1.4 times the original amount.

For a 9 month payback period you will pay back 1.56 times the original amount.

If you went to get a loan from the bank they might charge you somewhere around 10% annual interest which would be equivalent to roughly 1.1 times the original amount (if it was done as a cash advance -- not for 4, 6 or 9 months but for a full year). As you can see the amount you would pay back to Conquest Financial would be ridiculous. This is where they are going to try and convince you that it would take far less time with them to get this advance/loan than from a bank. They're also going to tell you they don't need any personal information from you when in reality they usually take a years worth a processing statements along with copies of your drivers license and social security card.

On top of this they require a co-signor (so they can take another person down in the event that you default). After about 2 weeks of paper work that you must do, there is still no guarantee that you will be approved. I have dealt with plenty of clients who were so pissed that they went through all this paperwork for a bad financing deal only to find out they weren't approved.

Also, your credit and debit card sales will no longer be going to your merchant account. It will be going to an escrow account which is basically a middle-man account, and often called a "lock-box" (although Conqeust obviously avoids this terminology). Obviously going through a middle-man poses some security risks. The reason they do this is to ensure they get their money. If at the end of each batch, there is no money in your account (such as from paying your employees), there is no money there for conquest financial to take. In the end, they are risking the security of your sales to ensure they get their money when they want it.

I strongly suggest seeing what the banks have to offer you. You will save tons of money doing so and a lot of hassle.

Ex-employee
toronto, Ontario
Canada"
http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-scam-mislea-nd6dn.htm

See all of the RipOffReport.Com scam allegations against Conquest Financial Services yourself at:

"Conquest Financial Services | Ripoff Report | Complaints Reviews Scams Lawsuits Frauds Reported
Company Directory | Conquest Financial Services"  
http://www.ripoffreport.com/directory/Conquest-Financial-Services.aspx

You might also want to read the allegations mentioning Conquest Financial Services at:

"Conquest Financial Services... Scam?" - RedFlagDeals.com Forums at forums.redflagdeals.com/conquest-financial-services-scam-736019/

ScamInformer.Com, 'Fraud and Organized Crime'
http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html

Horrified by the RipOffReports on Conquest Financial Services, alleging then to be 'scammers', I went looking for any similar 'scam' allegations about Conquest Financial Services, Canada, elsewhere.

I found these two 'scam' and 'fraud' allegations mentioning Conquest Financial Services on the ScamTracers site as well:

"15th of Dec, 2010 by User240367
Conquest-Financial-Services - Conquest-Financial-Services NLS LEASING, Northern Leasing System SCAM ARTISTS, THIEVES, DOWN RIGHT CROOKS Toronto, Ontario
a POS Terminal from Conquest Financial Services, They were listed as our prefered vendor. We only talked to a representative once when we called to give our information. An 11 page Merchant Application was emailed to us. The lease fee was $50.00..."
http://www.scamtracers.com/scam-report/conque ... sing-c6345.html

"20th of Aug, 2010 by User583486
- Fraud and Organized Crime How is it that people suspected of having ties to Organized Crime are abl
Businesses one of which was Conquest Financial Services. This business claimed to be located at 3370 190 th St unit 3815 Aventura Florida, along with some other questionable businesses. This address would turn out to be a large Condo valued at approx 1. 3 Million Dollars located in the Hidden Bay Gated Community and was also known as 3370 Hidden Bay Drive unit 3815..."
http://www.scamtracers.com/scam-report/fraud- ... ted-c17189.html

The same two 'scam' and 'fraud' allegations mentioning Conquest Financial Services, Toronto, also apeear on the Scam Chasers site at

http://www.scamfraudripoff.com/reviews/conque ... ario-c6345.html

http://www.scamfraudripoff.com/reviews/fraud- ... abl-c17189.html

After reading this thread referring to 'Conquest Financial Services', 'fraud', 'scam', 'Jeremy Murray', 'Russian Mafia', 'Admeris Payment Systems', 'Michael Shvartsman', I decided to find the 'scam', 'fraud' and 'ripoff' allegations myself about Conquest Financial Services and to read them in full.

I was astounded at what I found.

You might wish to do the same thing and rsearch and read these 'scam', 'fraud' or 'ripoff' allegations about Conquest Financial Services for yourself.

If you decide that you'd like to research and read these 'scam', 'fraud' or 'ripoff' allegations about Conquest Financial Services for yourself, then you might find the suggested Google search terms below helpful in finding 'scam', 'fraud' or 'ripoff' allegations about Conquest Financial Services on the internet.

PLEASE NOTE: I am not making any 'scam', 'fraud' or 'ripoff' allegations myself here about Conquest Financial Services, whether expressly or by implication. I am merely providing the suggested Google search terms below (these are NOT intended to be nor are they posted as allegations, express or implied about Conquest Financial services; they are just provided as suggested Google search terms) to help you do your own independent research into 'scam', 'fraud' 'or 'ripoff' allegations about Conquest Financial Services, Canada.

Useful Google search terms for finding any 'scam', 'fraud' or 'ripoff' allegations about Conquest Financial Services:
"Conquest Financial Services Scam"
"Conquest Financial Services fraud"
"Conquest Financial Services ripoff"
"Conquest Financial Services ripoffreport"
"Conquest Financial Services Canada Scam"
"Conquest Financial Services Canada fraud"
"Conquest Financial Services Canada ripoff"
"Conquest Financial Services Canada Ripoffreport"
"Conquest Financial Services Toronto Scam"
"Conquest Financial Services Toronto fraud"
"Conquest Financial Services Toronto ripoff"
"Conquest Financial Services Toronto Ripoffreport"
"Conquest Financial Scam"
"Conquest Financial fraud"
"Conquest Financial ripoff"
"Conquest Financial ripoffreport"
"Conquest Financial Canada Scam"
"Conquest Financial Canada fraud"
"Conquest Financial Canada ripoff"
"Conquest Financial Canada Ripoffreport"
"Conquest Financial Toronto Scam"
"Conquest Financial Toronto fraud"
"Conquest Financial Toronto ripoff"
"Conquest Financial Toronto Ripoffreport"

I was astounded at the number of comments on Conquest Financial Services and allegations of Conquest Financial Services 'scams' that I found in this way.

Then I compared what I found about Conquest Financial Services, Canada, in this way with these Conquest Financial Services 'scam' allegations at the links below:

Conquest Financial Services... Scam? - RedFlagDeals.com Forums
forums.redflagdeals.com/conquest-financial-services-scam-736019/

'Scam' allegations on RipOffReport.Com about Conquest Financial Services:

"Complaint Review: Conquest Financial Services...Conquest Financial Services Jeremy Murray Beware doing business with Conquest Financial Services. From their salesman, to the owners will never be there for you after you sign up a contract that's designed to completely rip you off. Totonto, Ontario Canada"
http://www.ripoffreport.com/credit-card-fraud/conquest-financial-s/conquest-financial-services-je-6000b.htm

"Complaint Review: Conquest Financial Services...Conquest Financial Services BEWARE!!!Ripped off and scammed by a company who I thought would help..SHAME on you Jeremy Murray, Internet
*General Comment: Confirming that Conquest is a big rip off!"
http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-services-b-eb3db.htm

"Complaint Review: Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD...Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD Michael Shvartsman SCAMMING COMPANIES TO, ANYTHING TO GET THEIR HANDS ON INNOCENT PEOPLES CREDIT CARD INFORMATION Internet"
http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-a-47dff.htm

"Complaint Review: Conquest Financial Services...Conquest Financial Services Jeremy Murray SCAM ARTIST, WHO ARE THESE PEOPLE Toronto, Ontario...Fraud and Organized Crime"
http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-je-c8cb3.htm

"Complaint Review: Conquest-Financial-Services...Conquest-Financial-Services NLS LEASING, Northern Leasing System SCAM ARTISTS, THIEVES, DOWN RIGHT CROOKS Toronto, Ontario"
http://www.ripoffreport.com/sales-people/conquest-financial-s/conquest-financial-services-nl-e2f9a.htm

"Conquest-Financial-Services | Ripoff Report | Complaints Reviews Scams Lawsuits Frauds Reported
Company Directory | Conquest-Financial-Services"
http://www.ripoffreport.com/directory/Conquest-Financial-Services.aspx

The allegations which also mention Conquest Financial Services on ScamInformer.Com, headed "Fraud and Organized Crime How is it that people suspected of having ties to Organized Crime are abl...
20th of Aug, 2010 by User583486

Fraud and Organized Crime

How is it that people suspected of having ties to Organized Crime are able to start up a Business that is involved with the collection of Credit Card Transactions and Money Lending. The Shvartsman Family from Toronto Ontario, Klara, Michael and Gerald, owners of the long deceased million dollar nightclub in the West Edmonton Mall known as KAOS, were accused of having ties to the Russian Mafia by the Edmonton Police Services. This action along with the police warning people to not go to this nightclub for safety reasons resulted in the Shvartsman?s closing the bar in the late 1990?s. Law Suits followed and The Shvartsman family left Edmonton, to return to Toronto and also set up roots in Boynton Beach Florida. In Florida, Klara Shvartsman started up another nightclub known as The Grand. It to was short lived, after approximately 4 months the bar was closed by the police and the city of Boynton Beach...After all the Florida businesses were set up, some active, some not, Michael Shvatsman returned to Toronto to start a Business there called Conquest Financial Services, it was claimed to have an American office at 3370 190 St unit 3815, which has recently been changed to 3825 NW 135 st. OpaLoca Florida 33054. After researching this address, it seems to be a warehouse. Conquest Financial is a business like Vision Payment Solutions and it lends money to small businesses that cannot obtain a loan from a bank. It was also in the business of leasing POS Terminals. A portion of the credit card sales was the method of payment for the small business owner to repay his loan, along with a healthy fee charged to them. This business according to the Vice President of sales Jeremy Murray (Suspicious person) had thousands of clients. Conquest Financial in Toronto is located at 326 Adelaide Rd or St w unit 400. Also located at this address are three other companies, all of which have to do with Credit Card purchases in one way or another. Company 2 is Xtreme Mobility and advertises as having an American Address which is 3370 190 th st unit 3815 Aventura Florida. The phone number advertised for the American address is 408-368-4381 which happens to be a cell number T-Mobile in Sunnyvale California postal code 94086 registered to Jimmy Law, and coincidentally, Simon Law is the owner and CEO of Xtreme Mobility. Now, Xtreme Mobility also advertises that it is partners with Admeris Payment Systems also at 326 Adelaide unit 400 in Toronto, and is Company 3. Next is company 4 known as Optimus Capital Corporation. Until within the last month they to advertise they are at 326 Adelaide St, and, 4006 ST. Catherine W. Westmount Quebec H3Z 1P2. When researched, this address seems to be a Restaurant called Cote St Luc Bbq, how weird is that. This ends the circle of companies.
JUDGE FOR YOUSELF ON THE VALIDITY OF THIS COMPANY
?CONQUEST FINANCIAL SERVICES?"
http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html

Now, again, as another poster in this thread also states, I am not making any 'scam', 'fraud' or 'ripoff' allegations here myself about Conquest Financial Services, whether express or implied.

But I am concerned by the number of 'scam', 'fraud' or 'ripoff' allegations about Conquest Financial Services, Toronto, which can be found on the internet and I believe that everyone should be able to independently research these 'scam', 'fraud' or 'ripoff' allegations about Conquest Financial Services and thus form their own opinion of whether these 'scam', 'fraud' or 'ripoff' allegations about Conquest Financial Services, Canada, are possibly true or not.

It's been really helpful for me to read all of these 'scam' allegations about Conquest Financial Services.

Thank you particularly for that RedFlagDeals.Com link to "Thread: Conquest Financial Services... Scam?"
at http://forums.redflagdeals.com/conquest-financial-services-scam-736019/

The last comment and allegation on that "Thread: Conquest Financial Services... Scam?" posting at at http://forums.redflagdeals.com/conquest-financial-services-scam-736019/ definitely helped me to make my own mind up.

I was also very appreciative, as was another poster, of the allegations and warnings from Conquest Financial Services 'ex-employees' - "Conquest Financial Scam Misleading claims, horrible customer service & cancellation fee Toronto Ontario - I was not a client but am actually an ex-employee who left Conquest Financial within the past few months (because I realized exactly how bad I was scamming clients), I reveal everything they are trying to hide from you..." at http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-scam-mislea-nd6dn.htm as well to "they are a scam. I used to work there myself and found this blog post here - http://conquest-financial-scam.blogspot.com/ . That accurately describes how they scam their customers. With regards to how they treat you as an employee, they will save you should be making at least $500 a week, however most only make $200-$300 a week - and these are the openers that are good enough to stay. Some would actually be making $0 a week if they stayed. They also treat your paycheck like a loss of profit for them and it's a hassle to get paid. Never work at conquest financial" at http://forums.redflagdeals.com/conquest-financial-services-scam-736019/

I think that the RedFlagDeals.Com link, RedFlagDeals.Com link to "Thread: Conquest Financial Services... Scam?" at http://forums.redflagdeals.com/conquest-financial-services-scam-736019/ definitely had the most influence on me, even more than the ScamInformer.Com report 'Fraud and Organized Crime' at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html

Conquest Financial Services can advertise as much as they want for external sales agents and for inside sales account executives. I won't be applying to them for a job.

I'm not making any allegations either, but I am really grateful as well to have found this thread referring to 'Conquest Financial Services', 'Eraud', 'Scam', 'Jeremy Murray', 'Admeris Payment Systems', 'Russian Mafia', 'Michael Shvartsman', 'Merchant Cash Advances', 'Merchant Funding' , 'Credit Card Receivable Factoring', 'Loan Shark'  and 'Money Lending'.

This may have saved me from making a BIG mistake!

I was particularly intrigued by the question that was posed, "Is Conquest Financial Services, Toronto, just a 'loan shark' in disguise?". I think I've now formed my own opinion on that!

Here's a GREAT article from INC. magazine that's well worth reading:

"Thanks, But No Thanks

Why To Avoid Taking Out A Merchant Cash Advance."
at http://www.inc.com/magazine/20080401/thanks-but-no-thanks.html

It was published in 2008, but its warnings still hold true today, I think!

I read the allegations in that Scaminformer.Com posting, "Fraud and Organized Crime" at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html and that "Loan Shark" article in Wikipedia at en.wikipedia.org/wiki/Loan_shark and they both really made me shiver!

Is Conquest Financial Services, Toronto, just a 'loan shark' for businesses in disguise?

Like you, I've read this thread referring to 'Conquest Financial Services', 'fraud', 'scam', 'Jeremy Murray', 'Admeris Payment Systems', 'Russian Mafia', 'Michael Shvartsman' with more than passing interest, too.

Thanks for posting all of that useful information on 'Merchant Cash Advances', 'Merchant Funding' or 'Credit Card Receivable Factoring' as against 'loans', 'APR' and 'usury laws', together with "A typical merchant cash-advance fee would work out to an annual interest rate of around 70% if it was considered a loan" and "The equivalent interest rates can range from 60% to 200% APR".

In my own opinion, without making any express or implied allegations myself, this fits exactly with the "Loan shark" article in Wikipedia (en.wikipedia.org/wiki/Loan_shark), where it says:

"Over time, mob loan sharks moved away from such labor intensive rackets. By the 1960s, the preferred clientele was small and medium sized businesses. Business customers had the advantage of possessing assets that could be seized in case of default, or used to engage in fraud or to launder money." But that's just in my opinion.

Why do I have that opinion?

Because as a result of that statement in the Wikipedia "Loan Shark" article, by mind went straight back to these allegations in the Scaminformer.Com posting, "Fraud and Organized Crime" at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html

"How is it that people suspected of having ties to Organized Crime are able to start up a Business that is involved with the collection of Credit Card Transactions and Money Lending. The Shvartsman Family from Toronto Ontario, Klara, Michael and Gerald, owners of the long deceased million dollar nightclub in the West Edmonton Mall known as KAOS, were accused of having ties to the Russian Mafia by the Edmonton Police Services. This action along with the police warning people to not go to this nightclub for safety reasons resulted in the Shvartsman?s closing the bar in the late 1990?s. Law Suits followed and The Shvartsman family left Edmonton, to return to Toronto and also set up roots in Boynton Beach Florida. In Florida, Klara Shvartsman started up another nightclub known as The Grand. It to was short lived, after approximately 4 months the bar was closed by the police and the city of Boynton Beach..."

That Scaminformer.Com posting goes on to allege that the Shvartsman family then set up Conquest Financial Services in Florida and that "After all the Florida businesses were set up, some active, some not, Michael Shvartsman returned to Toronto to start a Business there called Conquest Financial Services..."

So perhaps you can see why all this makes me think of the Wikipedia "Loan Shark" article.

But, again, that's just my own opinion, right or wrong - I'm not making any allegations of any kind here.

I've read this thread referring to 'Conquest Financial Services', 'fraud', 'scam', 'Jeremy Murray', 'Russian Mafia', 'Admeris Payment Systems', 'Michael Shvartsman' with more than passing interest.

You asked about 'Merchant Cash Advances' as againt 'loans' and the equivalent APR if a 'merchant cash advance' was actually treated as a 'loan'?

Okay, here is how 'Merchant Cash Advances' or 'Merchant Funding' (AKA 'Credit Card Receivable Factoring'), as offered by the RipOffReport.Com-alleged 'scammers' at Conquest Financial Services in Toronto, appear to work.

Like another a contributor to this thread further up, I'm reproducing the selected quotes below under 'Fair Use' provisions and for educational purposes.

And, as another contributor said, I am not making any express or implied allegations myself against Conquest Financial Serices, Jeremy Murray or Michael Shvartsman with this posting; I'm just passing on the results of my own research for your information and consideration.

About three years ago, the Financial Post Magazine of Toronto ran an article entitled 'Have We Got Money For You!' It begins by describing a businessman who took a $25,000 merchant cash advance from Conquest Financial Services which he figured he could pay off in around four months. This merchant cash advance cost him a "hefty additional fee of $6,000".

The article goes on to say that "A typical merchant cash-advance fee would work out to an annual interest rate of around 70% if it was considered a loan, although providers are careful to differentiate their products to avoid usury laws. Instead, the merchant is considered to be selling their future credit and debit income at a discount. The merchant doesn?t pay interest, but is charged a fixed fee." and later adds "...the failure of the business doesn?t necessarily let the owner off the hook ? Abbey says the merchant cash providers often try to move in on the business owner?s other assets".

This article includes a quote from Michael Shvartsman, referred to as "Conquest Financial Services? 38-year-old founder and owner", who is also mentioned in a RipoffReports.Com 'scam' allegation at http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-a-47dff.htm.

The Financial Post Magazine article reveals that: "Typically, a merchant cash provider advances a business owner 50% to 100% of their monthly credit- and debit-card income. Each day, a percentage of the credit- and debit-card sales ? up to 25% ? is diverted to the merchant cash provider?s account. If the merchant?s sales drop, the amount they pay goes down, extending the payment time without increasing the cost. If the business takes longer to pay the money, the deal becomes less profitable for the merchant cash provider. However, providers have other ways of getting money from their deals, such as making merchants use them for credit- and debit-card processing, which earns the provider an additional fee on each sale."

After reading that article, I found this illuminating paragraph in an online "BusinessWeek", 9 January, 2009, story on small business financing, "How Merchant Cash Advances Work":

"Cash advance providers offer businesses a lump sum payment in exchange for a share of future sales. They mostly target retail, restaurant, and service companies that have strong credit-card sales but don't qualify for loans because they have bad credit or little or no collateral. The catch for takers is how much cash advances cost compared with interest on a loan or credit line. The equivalent interest rates can range from 60% to 200% APR, according to Leonard C. Wright, a San Diego accountant and "Money Doctor" columnist for the American Institute of CPAs. He says that may be acceptable for companies with no other options, but business owners need to treat the advance like a loan and understand what the costs are."

I must say that out of all of the links in this thread, the ones that have shocked and amazed me the most are these:

http://forums.redflagdeals.com/conquest-financial-services-scam-736019/

http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-scam-mislea-nd6dn.htm

The 'Fraud and Organized Crime' allegations on ScamInformer.Com
http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html

http://www.ripoffreport.com/directory/Conquest-Financial-Services.aspx

I don't think, after reading all of these linked items, that I'd personally want to have any business dealings of any kind with Conquest Financial Services, Jeremy Murray, Admeris Payment Systems or Michael Shvartsman. But that's just my own opinion on all of this.

I'm amazed at all of these RipOffReport.Com scamming allegations reports on Conquest Financial Services, Toronto!

One RipOffReport on Conquest Financial alleges "Conquest Financial" and "scam"; another alleges "Conquest Financial Services" and "scamming companies", and then alleges "We all know already about the SCAMS by Conquest Financial Services"; another alleges "Conquest Financial Services Jeremy Murray Beware doing business with Conquest Financial Services" and then alleges "a contract that's designed to completely rip you off." and includes the allegation "Credit Card Fraud: Conquest Financial Services"; yet another RipOffReport alleges "Conquest Financial Services BEWARE!!!Ripped off and scammed by a company who I thought would help." to which allegations are added a Comment confirming the "Location of Conquest Financial Services" (in 'Toronto, Ont, Canada') and a general Comment and allegations "Confirming that Conquest is a big rip off!"; with yet a further RipOffReport alleging "Conquest Financial Scam Misleading claims, horrible customer service & cancellation fee Toronto Ontario" with additional allegations below headed "UPDATE Author: toronto Ontario Financial Services: Conquest Financial Scam"; then we get the RipOffReport allegations headed "Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD Michael Shvartsman SCAMMING COMPANIES TO, ANYTHING TO GET THEIR HANDS ON INNOCENT PEOPLES CREDIT CARD INFORMATION Internet Author: TORONTO Ontario Credit Card Processing Companies: Conquest Financial Services"; and then these Ripoffreport allegations headed "Conquest-Financial-Services NLS LEASING, Northern Leasing System SCAM ARTISTS, THIEVES, DOWN RIGHT CROOKS Toronto, Ontario Author: Renfrew Ontario Sales People: Conquest-Financial-Services."

All these RipOffReports on Conquest Financial Services, Toronto, alleging scamming, fraud, rip off etc. are at RipOffreport.Com. You can find an index of RipOffReport alleged scam and alleged fraud pages on Jeremy Murray and Conquest Financial Services on the RipOffReport.com site at http://www.ripoffreport.com/directory/Conquest-Financial-Services.aspx

Now add to those RipOffReport.Com scamming, fraud and rip-off allegations about Conquest Financial Services the additional postings by alleged Conquest Financial services 'ex-employees', including the allegations in this "Thread: Conquest Financial Services... Scam?", on RedFlagDeals at http://forums.redflagdeals.com/conquest-financial-services-scam-736019/  and the Conquest Financial alleged scam report on RipoffReports.Com ("Conquest Financial Scam Misleading claims, horrible customer service & cancellation fee Toronto Ontario" at http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-scam-mislea-nd6dn.htm  

Then we see Conquest Financial Services mentioned among the ScamInformer.Com allegations titled "Fraud And Organized Crime", which mentions Jeremy Murray, Michael Shvartsman, Admeris Payment Systems, Conquest Financial Services etc, on Scaminformer.Com at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html

Who is Jeremy Murray, the alleged Conquest Financial Services 'scam artist', who features so prominently in the RipOffReport report allegations of 'scamming, 'fraud', 'rip off' regarding Conquest Finanial services?

Perhaps we should ask that question of the person who posted the allegations below about Conquest Financial Services, Toronto, as a Comment under another Report on RipOffReport.Com?

"NLS LEASING SCAM
AUTHOR: agent99 - TORONTO (Canada)
SUBMITTED: Saturday, February 19, 2011
We to were scammed by a different Merchant Services Company Known as CONQUEST FINANCIAL SERVICES, out of Toronto. It seems all these Merchant Services Companies are just THE SCUM OF THE EARTH. Conquest Financial Services now deny any responsibility and say our lease is with NLS LEASING, also know as MBF Leasing, Northern Leasing Systems, Lease Finance Group and Golden Eagle Leasing. The person at CONQUST FINANCIL SERVICES is JEREMY MURRAY, but he is just the goffer boy, the owner is MICHAEL SHVARTSMAN.
They scammed us with an Merchant Application that Included a Contract with NLS LEASING. They ripped us off for HUNDREDS of dollars in a very short period of time.. We had to close our Business Account and we are still receiving Invoices and phone calls from NLS LEASING. Research NLS LEASING at complaints.com and you will see the mess you can get in to with these CROOKS.
I don't know what is happening to you now, but I know we are in a real mess, trying to run a business and dealing with these THIEVES at the same time."
http://www.ripoffreport.com/miscellaneous-electronics/msi-canada/msi-canada-nls-leasing-decept-378d7.htm

If you want to see these Conquest Financial Services, Toronto, 'scam', 'fraud' or 'rip off' allegations for yourself, here are the RipoffReport.Com links for allegations about Conquest Financial Services:

http://www.ripoffreport.com/credit-card-fraud/conquest-financial-s/conquest-financial-services-je-6000b.htm
http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-services-b-eb3db.htm
http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-scam-mislea-nd6dn.htm
http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-a-47dff.htm
http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-je-c8cb3.htm  http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-je-c8cb3.htm  
http://www.ripoffreport.com/loans/aci-financial/aci-financial-conquest-financ-fmm3f.htm
http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-scam-mislea-nd6dn.htm (see Comment below this allegations posting)
http://www.ripoffreport.com/miscellaneous-electronics/msi-canada/msi-canada-nls-leasing-decept-378d7.htm (see Comment below this allegations posting)

Together with:

http://forums.redflagdeals.com/conquest-financial-services-scam-736019/

And Conquest Financial Services, is also mentioned in these 'Fraud and Organized Crime' allegations on ScamInformer.Com
http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html

I read the Conquest Financial Services RipOffReport.Com allegations about Jeremy Murray below, from April, 2012, and, if they are true, this absolutely should make anyone upset!

These are the allegations in that RipOffReport:

"Conquest Financial Services Jeremy Murray Beware doing business with Conquest Financial Services. From their salesman, to the owners will never be there for you after you sign up a contract that's designed to completely rip you off. Totonto, Ontario Canada

   Submitted: Tuesday, April 17, 2012
   Posted: Tuesday, April 17, 2012
   Reported By: Emma ? Etobicoke Ontario Canada

Conquest Financial Services
326 Adelaide St. West, Suite 400, Totonto Ontario M9C 4X1 Canada

   Phone: 1-877-505-9383
   Web:
   Category: Credit Card Fraud

Conquest Financial Services was represented to me by Paul Murton as a sales agent. Once the terminal was installed and I had problems with it, he's gone! I would call their office and he no longer works there. Whenever I called their office for questions about billings and problems with my terminal, I never got any proper support. Once I got through (after many attempts) their tech guy Farouk for help, he came to my house and I had to give him $30 just so I could get my terminal running again. To top it all, you will be billed by 2 other companies that are based in US!

I can't remember the number of times they put me on hold only to be cut off for reasons only they know. All they do is charge your account without invoice, no explanation and you are left in the dark as to what they are for. They are defensive and rude and you will be shocked at how these people suck you dry. Cancellation fee is $700 and I am stuck with a terminal that they said they can't repair because it will be just as expensive than getting a new one. They said I can't have it repaired because that will mean I have tampered with the machine! Where do I turn then.

Now the terminal does not work and I owe another $1700 to Northern Leasing Company that's based in US, that these leeches are working with to scam people. Yes, CONQUEST  financed my terminal through a company based in US with a Canadian address in its letterhead. Be forewarned and never come close to these company or you will find that these sharks are still very much a part of this society. I just hope that they meet their karma soon!"
http://www.ripoffreport.com/credit-card-fraud/conquest-financial-s/conquest-financial-services-je-6000b.htm

Then I read all of the RipOffReport alleged scam and alleged fraud pages on Jeremy Murray and Conquest Financial Services on the RipOffReport.com site at http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-je-c8cb3.htm and got really, really disgusted!

Then I read the ScamInformer.Com allegations mentioning Michael Shvartsman, the Russian Mafia, Admeris Payment Systems, jeremy Murray, Conquest Financial, Fraud And Organized Crime etc. at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html - the same 'Fraud and Organized Crime' allegations appear on the RipoffReport.com site under the heading 'Conquest Financial Services Jeremy Murray SCAM ARTIST, WHO ARE THESE PEOPLE Toronto, Ontario Fraud and Organized Crime' at http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-je-c8cb3.htm - and I was astonished!

Then I read the allegations from Conquest Financial Services 'ex-employees' - "Conquest Financial Scam Misleading claims, horrible customer service & cancellation fee Toronto Ontario - I was not a client but am actually an ex-employee who left Conquest Financial within the past few months (because I realized exactly how bad I was scamming clients), I reveal everything they are trying to hide from you..." at http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-scam-mislea-nd6dn.htm AND "they are a scam. I used to work there myself and found this blog post here - http://conquest-financial-scam.blogspot.com/ . That accurately describes how they scam their customers. With regards to how they treat you as an employee, they will save you should be making at least $500 a week, however most only make $200-$300 a week - and these are the openers that are good enough to stay. Some would actually be making $0 a week if they stayed. They also treat your paycheck like a loss of profit for them and it's a hassle to get paid. Never work at conquest financial" at http://forums.redflagdeals.com/conquest-financial-services-scam-736019/ and felt sick again!

Then I re-read again the first part of "Fraud and Organized Crime How is it that people suspected of having ties to Organized Crime are able to start up a Business that is involved with the collection of Credit Card Transactions and Money Lending. The Shvartsman Family from Toronto Ontario, Klara, Michael and Gerald, owners of the long deceased million dollar nightclub in the West Edmonton Mall known as KAOS, were accused of having ties to the Russian Mafia by the Edmonton Police Services. This action along with the police warning people to not go to this nightclub for safety reasons resulted in the Shvartsman?s closing the bar in the late 1990?s. Law Suits followed and The Shvartsman family left Edmonton, to return to Toronto and also set up roots in Boynton Beach Florida..." at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html

Then I read the posting by 'Boynton Beach' above: "I've been reading the allegations in the ScamInformer.Com report 'Fraud and Organized Crime' at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html with interest.
Russian Mafia allegations? Boynton Beach, Florida?
Hmmm....!
This is from a June 1, 2011, story in the Palm Beach Post, Florida, headlined 'Russian Mob Influence Growing In South Florida, FBI Says'
"Authorities say the case is a sign of the mob from the former Soviet Union reaching deeper into South Florida to commit "any type of fraud you can think of," said Brodsky, in charge of the Miami FBI's organized crime squad. Their stocks in trade: credit card fraud, cybercrime, human trafficking, prostitution, drugs, extortion and arms smuggling."
See http://www.palmbeachpost.com/news/news/russia ... rida-f-1/nLssD/
'Credit card fraud'?
If this ScamInformer report's 'Russian Mafia' allegations are founded in fact, this may be relevant or it may be not...."

Seeing these 'Russian Mafia' and 'credit card fraud' allegations, for some reason all I could think of in relation to the opportunities offered by credit card fraud as against credit card processing, without making any specific, express or implied scamming allegations about Ameris Payment Systems or Conquest Financial Services myself, was that famous quote from Teddy Roosevelt: "The uneducated man robs the train. The educated man steals the railroad."! That shrewd quote may be relevant here or it may not be.

Now I don't know if the allegations previously mentioned above are true or not, but there do seem to be a lot of them and they certainly do seem to raise some very unsavory questions.

According to another post above by 'Going Global' in reference to the alleged scamming by Conquest Financial, Toronto, Conquest Financial Services are now seeking "top sales superstars with a hunter mentality to develop new business opportunities globally".

Conquest Financial Services, Toronto, with a string of RipOffReport.Com scam allegations, is now going GLOBAL???

'Jeremy Murray', the alleged Conquest Financial Services 'scam artist', is now apparently with 'Admeris Payment Systems', and Admeris Payment Systems is apparently at the same Toronto address as Conquest Financial Services at 326 Adelaide Street West, Unit 400, in Toronto, Canada.

See the RipOffReport.Com allegations below from February, 2011. "Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD", which has their Toronto, Canada, business address slightly garbled:

"Report: #697975

Complaint Review: Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD

   Submitted: Monday, February 21, 2011
   Posted: Monday, February 21, 2011
   Reported By: We Are Watching You ? TORONTO Ontario Canada

Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD
326 Adelaide St W unit $00 Internet M5V 1R3 United States of America

   Phone: 866-854-9851
   Web: www.admeris.com
   Category: Credit Card Processing Companies

Conquest Financial Services, Admeris Payment Systems & Jeremy Murray- SCAMS and FRAUD Michael Shvartsman SCAMMING COMPANIES TO, ANYTHING TO GET THEIR HANDS ON INNOCENT PEOPLES CREDIT CARD INFORMATION Internet

We all know already about the SCAMS by Conquest Financial Services, well they have added another Company to their List  Admeris Payment Systems, The Contact for Admeris, just happens to be The Vice President of Sales for Conquest Financial Services, None other than our famous MR JEREMY MURRAY. jmurray@admeris.com...Since being scammed by Conquest Financial Services, there is a group of individuals that are going to track all these Companies and report all findings as Scams and Frauds. All the information, will be iinformation that is found readily available on the Internet and not lies or unfounded inuendo. If you do business with Conquest Financial Services, Admeris Payment Systems, Xtreme Mobility or whatever other business identity they claim to be, your name will most likely show up on Rippoff Report."
http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-a-47dff.htm

I don't know if any of the allegations above are true or not but, if they are, this would certainly seems to indicate that Jeremy Murray, the alleged Conquest Financial scammer, is now working for with or for Michael Shvartsman of Admeris Payment Systems in Toronto.

So Jeremy Murray of Conquest Financial Services and an alleged scammer is now 'Jeremy Murray, Vice President of Business Development and Acquisitions' at Admeris Payment Systems?

If the scamming allegations in the reports below are true, has the leopard really changed his spots?

"Conquest Financial Services | Ripoff Report | Complaints Reviews Scams Lawsuits Frauds Reported
Company Directory | Conquest Financial Services"
http://www.ripoffreport.com/directory/Conquest-Financial-Services.aspx

"Conquest Financial Services Jeremy Murray SCAM ARTIST, WHO ARE THESE PEOPLE Toronto, Ontario
Fraud and Organized Crime"
http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-je-c8cb3.htm

(The allegations in that RipOffReport appear to be essentially the same as the allegations in the Scaminformer.Com item, 'Fraud and Organized Crime' on Michael Shvartsman and the Shvartsman family at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html)

Has Admeris Payment Systems really added Jeremy Murray, an alleged 'scam artist' from Conquest Financial Services, to its management team?

And are both Admeris Payment Systems and Conquest Financial Services still operating from the same address at 326 Adelaide Street West, unit 400, in Toronto, Canada?

How trustworthy does that make Admeris Payment Systems?

Jeremy Murray, if these scamming allegations are true, doesn't sound like the greatest advertisement for any company!

Unless, perhaps, this alleged scammer and Michael Shvartsman, Admeris Payment Systems Managing Director (according to at least one press release, and who appears to be mentioned in those ScamInformer.Com and RipOffReport.Com allegations too) share the same views on doing business?

Referring to the answer given above by 'Just Sign Here', which said "No, the 'Fraud and Organized Crime' allegations you referred to regarding the Shvartsman family of Toronto, mentioning Michael Shvartsman and Admeris Payment Systems ("Fraud and Organized Crime How is it that people suspected of having ties to Organized Crime" at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html) and Conquest Financial, don't include 'Pay Day Loans'."

In the "Loan shark" article in Wikipedia (en.wikipedia.org/wiki/Loan_shark) which was then referred to above, it states more fully: "In its early phase, a large fraction of mob loansharking consisted of payday lending...Over time, mob loan sharks moved away from such labor intensive rackets. By the 1960s, the preferred clientele was small and medium sized businesses. Business customers had the advantage of possessing assets that could be seized in case of default, or used to engage in fraud or to launder money."

'Scam Checker' above then asked: "Conquest Financial Services offer 'Merchant Cash Advances' or 'Merchant Funding', though. If these were regarded as 'loans' (although they aren't apparently, if I understand this correctly, because they are offered as 'factoring'), I wonder what the APR would be? Anyone know?"

Might not this Wikipedia information have a bearing if the Russian Mafia and Money Lending allegations included among the ScamInformer.Com 'Fraud and Organized Crime' allegations referred to ("Fraud and Organized Crime How is it that people suspected of having ties to Organized Crime" at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html) have any foundation in fact? I don't know. I'm just asking.

Just found this on ScamChecker.com. Is this ScamChecker.Com page on 'Jeremy Murray' aimed at the same RipOffReport.Com-featured Conquest Financial Services Jeremy Murray (now with Admeris Payment Systems), the alleged scammer?

Here's what the ScamChecker.com page on 'Jeremy Murray' says:

"Have you been scammed, frauded, ripped off, or cheated by jeremy murray?

Submit a report for jeremy murray!

Report to us your experiences with jeremy murray. Let the world know and we will submit it to major search engines within 30 minutes. Anything you can report about jeremy murray will be helpful to othes so they won't be victimized and these schemes would be stopped.

Submit a report for jeremy murray now!"

And right at the bottom of the same page it says:

"jeremy murray at ScamChecker.com - scams, frauds, cheating and ripoffs from jeremy murray."

This 'Jeremy Murray' ScamChecker.Com page is at http://www.scamchecker.com/category/person-name/jeremy-murray

On ScamChecker.Com's main page it says:

"Have you been ripped off, taken advantage of, or simply scammed by a business or an individual?

LET THE WORLD KNOW!

Welcome to ScamChecker.com, Voted the #1 fraud reporting site for the past 5 years. It is a free service that allows you to file a complaint about a business, a website, or a person.

Help others! Stop scammers!"

I saw this ScamChecker.Com page on 'Jeremy Murray' on the Web after reading the allegations in that ScamInformer.Com report titled, 'Fraud and Organized Crime How is it that people suspected of having ties to Organized Crime...' at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html which also includes a reference  to a 'Vice President of sales Jeremy Murray (Suspicious person)' at Conquest Financial.

The same 'Fraud and Organized Crime' allegations appear on the RipoffReport.com site under the heading 'Conquest Financial Services Jeremy Murray SCAM ARTIST, WHO ARE THESE PEOPLE Toronto, Ontario Fraud and Organized Crime' at http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-je-c8cb3.htm

Has this ScamChecker.Com page been set up in reference to this same 'Jeremy Murray' - the alleged 'SCAM ARTIST' now a VP with Admeris Payment Systems and previously a VP with Conquest Financial Services in Toronto, Canada?

From now on, whenever I see the terms 'Jeremy Murray', 'Scam', 'Admeris Payment Systems', 'Michael Shvartsman', 'Fraud and Organized Crime', 'Conquest Financial Services', 'Russian Mafia' now, I'll immediately think of the allegations in that 'Fraud and Organized Crime' posting on ScamInformer.Com at Fraud and Organized Crime How is it that - scamInformer.com' at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html as well as the multiple RipOffReports on Jeremy Murray and Conquest Financial on the RipOffReport.com site  at http://www.ripoffreport.com/credit-card-processing-companies/conquest-financial-s/conquest-financial-services-je-c8cb3.htm

Forwarned is forearmed. These are certainly not companies I would want to be doing business with now.

This is the second comment left below the RipOffReport.Com Report, "Conquest Financial Services BEWARE!!! Ripped off and scammed by a company who I thought would help..SHAME on you Jeremy Murray, Internet
*General Comment: Confirming that Conquest is a big rip off!"
http://www.ripoffreport.com/financial-services/conquest-financial-s/conquest-financial-services-b-eb3db.htm

"#2 Consumer Comment
Confirming that Conquest is a big rip off!
AUTHOR: Emma - Etobicoke (Canada)

SUBMITTED: Tuesday, April 17, 2012
I got into this contract with Conquest too and unbelievable how thay can charge so much with so little service after the terminal has been installed. I am a very small business owner and really wondering how people like Jeremy Murray was allowed to run a blood sucking business that preys on hard earned money like mine. I don't know how and where to get help. Something needs to be done to stop these monsters from victimizing others."

Among the allegations in the ScamInformer.Com Report, 'Fraud And Organized Crime', on Jeremy Murray, Michael Shvartsman, Admeris Payment Systems, Conquest Financial Services, etc. is this one:

"Conquest Financial is a business like Vision Payment Solutions and it lends money to small businesses that cannot obtain a loan from a bank. It was also in the business of leasing POS Terminals. A portion of the credit card sales was the method of payment for the small business owner to repay his loan, along with a healthy fee charged to them."  
http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html

A 'healthy fee' doesn't sound to me like a small fee!

Here's a recent Web item promoting this:

"Canada: Where can I get a merchant cash advance in Canada?
Post
 
Michael Shvartsman
Just call Conquest Financial 1-877-505-9383 for a merchant cash advance in Canada.
Comment ? Post ? Apr 17, 2012"
http://www.quora.com/Canada/Where-can-I-get-a-merchant-cash-advance-in-Canada

I don't think Admeris Payment Systems actually offer pay day loans.

This warning, "Online Payday Loan USA Scam On Facebook", published date: June 19, 2012, at http://www.onlinethreatalerts.com/article/201 ... n-facebook.aspx, says:

"There are webpages setup on Facebook by the user "Online Payday Loan USA", that are impersonating other financial institutions. These webpages are phishing or scam attempts.

"Online Payday Loan USA" facebook page is located at http://www.facebook.com/pages/Online-Payday-Loan-USA/346567462047181"

I looked and I don't see any references to pay day loans on Admeris Financial Services web site.

Conquest Financial Services offer 'Merchant Cash Advances' or 'Merchant Funding', though. If these were regarded as 'loans' (although they aren't apparently, if I understand this correctly, because they are offered as 'factoring'), I wonder what the APR would be? Anyone know?

No, the 'Fraud and Organized Crime' allegations you referred to regarding the Shvartsman family of Toronto, mentioning Michael Shvartsman and Admeris Payment Systems ("Fraud and Organized Crime How is it that people suspected of having ties to Organized Crime" at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html) and Conquest Financial, don't include 'Pay Day Loans'.

Personally, I've always regarded Pay Day Loans as being virtually a last-ditch means for the really desperate to obtain money, but that's just my own opinion.

For some really amazing background on how Pay Day Loans can yield huge returns to the lender while apparently circumventing usury laws read the article 'What is the Most Expensive Legal Form of Credit Available to You?' (on the web at http://www.creditinfocenter.com/pressreleases/LegalLoanSharks.shtml). That eye-popping article also states "One Web site touting the advantages of opening a loan shop claims an annual return of 805% for investors!"

See also the "Loan shark" article in Wikipedia (en.wikipedia.org/wiki/Loan_shark) which states "In its early phase, a large fraction of mob loansharking consisted of payday lending."

Did that "Fraud And Organized Crime' allegations posting on Scaminformer.Com ("Fraud and Organized Crime How is it that people suspected of having ties to Organized Crime" at http://www.scaminformer.com/scam-report/fraud-and-organized-crime-how-is-it-that-people-suspected-c17189.html), mentioning Michael Shvartsman, Admeris Payment Systems, the Russian Mafia, Jeremy Murray and Conquest Financial Services, include 'Pay Day Loans' money-lending as well?