Health Capital LLC

Our company contacted Steven Nitsberg, founder and owner of Health Capital Investors, about providing a credit facility. Steven Nitsberg’s father Michael is also involved with the “business” as a marketing rep. The Nitsbergs were very aggressive in their sales pitch and when asked about their ability to scale with our company’s needs they indicated that their family had made a significant amount of money in the oil industry and had hundreds of millions to lend. They also mentioned several times that Steven Nitsberg was a graduate of West Point and Harvard. They stated that they had funded many transactions, but would only provide references after we entered into a term sheet and paid the diligence fee. Based on their repeated assurances, we paid the fee. | Once the diligence fee was paid, the Nitsbergs became very unresponsive and would not provide the references and certain other information that we had requested in order to diligence them. The financing was targeted to close by October 31, and by mid-November they had still not done any material underwriting. After several emails went unanswered we made the decision to seek financing elsewhere and within two months had closed on a credit facility with a reputable ABL. I know of another individual who ran a similar advance fee scam for years and as a result is serving 18 years in prison. We would be very interested in working with other individuals who were scammed by the Nitsbergs to see that they meet the same fate.