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Towerpoint Capital - Is Towerpoint Capial guilty of Fraud?

Towerpoint Capital is a cell phone investment company based in Atlanta, Georgia but facing legal trouble in as many as 18 states. In 2014 Towerpoint Capital lost their private equity funding and was bought out by Jesse Wellner, John Gutowski and Dustin Cahill. Towerpoint Capital is currently under investigation for deceptive and fraudulent business practices. The company is accused of misleading customers by claiming to create value for a customer's cell phone tower, but instead selling 100% of all deals to Crown Castle International. AllianceBernstein currently finances Towerpoint's acquisitions, and AllianceBernstein has been implicated as a knowing participant in the scheme. Contact us for more information about the class action law suit against Towerpoint Capital. For more information about the class action law suit against Towerpoint Capital, check out these resources: http://repdigger.com/reviews/towerpoint-capital http://www.ripoffreport.com/r/TowerPoint-Capital/Atlanta-Georgia-Suite-1450/TowerPoint-Capital-TowerPoint-Capital-has-sold-100-of-the-deals-they-have-completed-to-C-125**** http://towerpoint-capital.pissedconsumer.com/towerpoint-capital-201509****5568.html
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2 comments
#1321156

The company (TowerPoint Capital) appears to be looking to fine inefficiency in the marketplace with uneducated site owners. TPC offers 20% below current market value and threatens that sites are going away, only to sell the site immediately to either Crown Castle or Landmark.

#1131266

Our company is a respected leader in the industry and summarily rejects the anonymous claims as fraudulent and unsubstantiated. We strongly encourage readers of these posts to contact us directly at 678.775.0366 with any questions and/or concerns as we will be happy to address them.

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ID
#714540 Review #714540 is a subjective opinion of poster.
Location
Atlanta, Georgia
Cons
  • Scam
  • Deceptive and fraudulent business practices
Reason of review
None