Another radio endorsed bank in trouble?
We are very concern that over the past twelve months, three companies that target the Caribbean and African American communities have been either forced to cease operations for allegedly violating government regulations or for fraudulent practices.
The most recent is the popular, Top Dot Mortgage, while less than a year ago, 1st Republic Mortgage Bankers and Lavette M. Bills/MTC Real Estate were in the spotlight.
Two months after Howard F. Pitkin, Banking Commissioner for Connecticut issued a ‘Notice of Intent’ to revoke its license, 1st Republic and its principal Scott Sisskind were slapped with several lawsuits to recover some $16 millions for breach of contract and fraudulent conveyance in violation of New York debtor and creditor laws. The bank was later forced to cease operation.
In April of 2009, the Federal Bureau of Investigation’s New York Field Division, filed fraud charges against the self-styled “foreclosure specialist” and a regular guest on WVIP Radio 93.5 FM, Lavette M. Bills. She was arrested and is now facing several counts of bank fraud, wire fraud, and false statements.
1st Republic, Bills and Top Dot were major sponsor of Linkup programmes on 93.5 FM and were personally endorsed by the owner of Linkup Media, David “Squeeze” Annakie.
During his daily radio programs, Annakie always appealed to his fellow Caribbean and African American audience to do business with the companies as according to him “I have done my research and they are the best.”
An excellent radio communicator with youthful exuberance, Annakie was well paid to promote 1st Republic Mortgage, Bills and more recently Top Dot.
However, these companies from all reports were not the best and are now hurting people. The radio listeners and members of the Caribbean communities are now confused as another “Linkup Radio” endorsed bank is in trouble.
As a shrewd businessman, Annakie appears to be well focus on meeting the needs of his high paying clients, but he needs to be more selective of the companies or individuals he is endorsing.
It is the responsibility of all radio personalities to help protect the listening public from dishonest and corrupt people who use the media to attract innocent customers.
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