Has anyone had an experiences with Cogo Capital?

[Stacy Gilman]

I see lots of ads for Cogo Capital for private lending. Has anyone had any experience with this company? 

[Erik D.]

I recently had a phone call with them. They told me that they like to lend to people with solid experience. To gain that experience, I could go to a 3-day training session for $3000. I have heard that some people are given a price of $2500 and sometimes less. Why does the price change for the training session? Why do I need to pay a lender money for training before they lend me money?

So for ~$2500, you get training. Then they will lend to you up to 4 loans at a time and will fund 100% of what you need.

All this talk about an inner circle and the Lee Arnold "system."

What's the deal here? Legit? Not legit?