Ted Saltzman (approximate age: 72) is taking money from people in the Los Angeles/Beverly Hills area. My friend and I are among several people that have been scammed by Mr. Saltzman. I was introduced to Ted by a guy named David Sciuk (approximate age: 53) in 2007. In return for $10,000, Ted promised the following: 1) I would now be a “Friend of Ted” which entitled me to several things 2) I would now have access to his bank, “First Austin Capital LLC” which would allow me to finance certain projects brought forward 3) I would be a part of ongoing meetings with his personal group of friends, bankers, business associates which had allowed him to enjoy supposed success in the stock market, real estate and business financing & acquisition 4) Ted would facilitate the financing of my friend’s manufacturing operation in Sun Valley, CA and various other benefits. He met with me at 1407 Benedict Canyon Drive in Beverly Hills, CA. He gave me a tour of a large house under rennovation. He claimed the house was his. I later found out it was not his. He used the home to lure me into an investment with him. After a couple of weeks I agreed to be a part of the group. Ted, through David, demanded that the $10,000 be paid to him in cash. Two years later, I have received no benefits, no funding, no updates (except for one where I initiated the call) and now his phone number is disconnected and his e-mail address does not work. He told me over the phone he is laying low. Gee I wonder why. His listed address is: 16665 La Maida St. Encino, CA 91436
This post was submitted by Jason.
May 1st, 2009 at 9:25 am
I have known Ted Saltzman for many years and he is just a thief without a conscience: “an ability or a faculty that distinguishes whether one’s actions are right or wrong.” He has no regard for his actions or harm that he causes others and deserves the fate of prison if the feds or SEC take any interest in him.
I have spoken to several of his supposed contacts that he speaks about in conversations and all have denied any relationship with him, one refused to even discuss him at all and that was his supposed investment advisor.
May 4th, 2009 at 9:38 am
This for everyone that has been scamed by Ted i have finally closed the fontana ca deal worth 120 million. i will reeburse any and all monies that where given to Ted for this investment my attorney and i will review your claim and then if good we will pay you nothing just like ted haha.
June 24th, 2009 at 5:41 pm
Jason’s last name is Perlman. He says his dad was Chairman of Ceasers Palace in Las Vegas. He represents himself as a business broker who is very skilled. In the above he states is was introduced to someone who he says he gave money to. He has no proof that he did any transaction of any kind. Just ask him for proof. And I am also told Jason tried to embezzle money from Mr. Sciuk who had nothing to do with Jason Perlman’s business dealings. Jason Perlman is not to be trusted he miss-represents information and places blame on others for his own mistakes. Maybe this is why his wife divorced him.
I hope Mr. Sciuk takes legal action against Jason Perlman and makes a defamation of character claim.
I am also suprised that this website has no dispute resolution for false claims.
Matt Flemming
BelAir, CA
July 7th, 2009 at 8:53 am
Ted Saltzman is a sociopath who takes money from people in exchange for his lies. He is a con man/sociopath, who will say anything to get what he wants.
If you’ve been scammed by Ted Saltzman, aka Theordore M Saltzman, contact your local authorities to report him, and see what action can be taken.
To report him to the SEC, follow this link: http://www.sec.gov/complaint.shtml
As of July 4, 2009 this is Saltzman’s current contact info:
Ted Saltzman, Managing Member
First Austin Capital – Merchant Bank
818 359 4255 cell
tsaltzm@aol.com
FYI: There is no First Austin Capital – Merchant Bank; anyone who has given money to him should call the SEC immediately
DO NOT DO BUSINESS WITH TED SALTZMAN AS YOU WILL NEVER SEE ANY RETURN ON YOUR INVESTMENT (he runs a scam and is not a legitimate investment professional)
DO NOT WASTE YOUR TIME IF HE OFFERS YOU FUNDING – (the reality is he has NO money, and uses you and your business as part of his scheme)
October 23rd, 2009 at 9:41 pm
FYI — Ted’s latest phone number is 818-359-4255.