First Premier Funding
Complaint 364402 Details

I made the mistake of dealing with this company recently, and especially the two owners of this “operation” Michael J Pellechia and his cousin John DiCanio. Something about these two just rubbed me the wrong way, and sure enough, after catching them in multiple lies and realizing they were trying to scam me? I wound up getting my business financing through another company..

But something really got to me about these two, and I just had the feeling I was dealing with a couple of real crooks. If youve ever gotten that feeling in your gut where you just know something is very wrong? Well that's what happened to me.

So my brother in law happens to be a private investigator, and I talked to him about these guys and he did a little digging.

What he found I would like to disclose here as a public safety warning to anyone thinking about dealing with “First Premiere Funding”, Michael J Pellechia (the CEO) or John Dicanio (the co - owner)..

Let's start with John DiCanio. Mr. Dicanio is a career criminal to say the least. On top of a slew of other convictions in his life, he was most recently convicted of: the following FELONIES in Nassau County in 2012:
SCHEME TO DEFRAUD 1ST
CONSPIRACY 4TH
FALSIFY BUSINESS RECORDS 1ST
ATT GRAND LARCENY - NOT AUTO 2ND
For these crimes he served 2 full years in prison, and just recently came off parole. Here is the New York State Department of Corrections record of this: http://nysdoccslookup.doccs.ny.gov/GCA00P00/WIQ3/WINQ130
Its publicly available information. Not exactly a guy you want dealing with your business finances. I could go on and on about John Dicanio, but I think that's enough to give you the idea of who youre dealing with.

Now Mr. Michael J Pellechia the "CEO"...He had to dig a little deeper on this other character, but sure enough the story is just as sad;
1) Mr. Pellechia was convicted less than 10 years ago of multiple counts of Felony FRAUD as well, including Frauds involving defrauding the public and Insurance companies.
2) Mr. Pellechia has been under investigation multiple times by the police in Suffolk county relating to dealing and trafficking narcotics; specifically Cocaine.
3) Mr. Pellechia claims on the internet he used to be "Employed at a Prestigious Hedge Fund" of some kind. In Truth Mr. Pellechia is a failed mortgage broker, who was notorious for writing fraudulent mortgage loans. When the mortgage industry started licensing agents, he was forced out because of his felony convictions. He was forced to find another Non Regulated industry to hide in, which is where we find him now.

Keep in mind the "business loan" industry right now id "unregulated by any authority. Which is why convicted criminals can freely operate, usually at the expense and detriment of the public.

Again there is much more that was uncovered on these two, however I only have limited space here. For your own good and your own protection as a business owner? Do yourself a favor and find a company that is not owned and operated by two very notorious convicted criminals. Especially criminals who have been convicted of all kind of financial frauds, etc.

I hope this helps someone else not have a problem and not get ripped off by these two....

Good Luck