Agave Mountain

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

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

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

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

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

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

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

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

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

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

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

i hear u

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

i have been contacts by a gentlemen named aris cohen an abraham gutterman who i invested already 40k over the last six months of bogus material please dont get involved i feel ive lost it into thin air

I thought that I was taken too, but I have been doing a lot of research and have been calling the company. MUTA has been slowly climbing and is over a dollar. They have been trying to raise money because I was told that they lost their original banking source. They are aiming to relaunch the product line by 2010, but I guess we'll see...

What is MUTA? The Mutual Loan website is gone and none of the phone numbers work. If you have any further information on Mutual Loan Corp. or Graystone Capital or Jason Goldfuss please post.

Yes , I am also interested to track a Stephan Shapiro and this Company info . to sell my investment or is it another Florida Scam ....?? A number of other names mentioned in this blog are questionable people with no further contact.. The phone # I was given is owned by another Company said to have owned it for a # of years. and they have no knowledge of this Company. 888-901-8883 at 3440 Hollywood Blvd. Suite 415 Hollywood Fl. Has any one contacted the Florida District Attorneys Office ??? JJN

For those invested in this pre-IPO Restricted Stock of MUTUALOAN Corp., their number is 800.670.0650. Their stock symbol of MUTA (or MUTA.PK) is based on a merger with GBLK which is the open market price for those investors. The Restricted Stock is high-risk and only valid once MUTA is fully public and the Restricted Stock is converted(about a year after being fully functional company). Hopefully Mutualoan will get that far.

MutuaLoan Corp. symbol MUTA has nothing to do with these telemarketers selling shares in Mutual Loan Bank. MutuaLoan Corp. is a legitimate early stage company that has never been a bank nor claimed to be a bank. These telemarketing operations get their hands on stock of young companies by buying it from current shareholders then resell at great mark ups by saying anything it takes. BUT IT IN NO WAY REFLECTS ON THE ACTUAL COMPANY SINCE THERE IS NO AFFILIATION TO THE TELEMARKETERS.

Has anyone heard further if this has been addressed with the Florida District Attorneys Office ?? and if Monies invested were put in Bond or a Trust , ?? I am getting no response from the Contact ##'s, which seem to be going to an Answering service which they are still going under Graystone Capital Consultants?? JJN