Checking or savings account -- Managing an account -- Complaint #6277392
Complaint Overview
Complaint ID: 6277392
Company: Const LLC
Product: Checking or savings account
Sub-Product: Other banking product or service
Issue: Managing an account
Sub-Issue: Deposits and withdrawals
State: Texas
ZIP Code: 77057
Date Received: 2022-12-04T12:00:00-05:00
Date Sent to Company: 2023-01-19T12:00:00-05:00
Company Response: Untimely response
Timely Response: No
Consumer Disputed: N/A
Submitted Via: Web
Tags: Older American
Consumer Narrative
" The company CONST LLC also known as XXXX and XXXX has suddenly shut down with no explanation to investors. CONST LLC XXXX XXXX ) is a platform that operates like a HELOC loan for peer to peer lenders to connect with cryptocurrency portfolio holders. XXXX holders are able to receive a USD cash loan by placing cryptocurrency as collateral for their loan. The loan is funded by a pool of money from USD cash investors. CONST LLC XXXX XXXX ) portrayed to investors that their platform was unique because the collateral from borrowers would autosell in the cryptomarket if prices fell bellow 110 % of loan value. Automatically refunding USD to investors and any remaining collateral to the borrower. They touted {$0.00} loss on their platform since inception because of their collateral backed, XXXX approach. On XX/XX/XXXX the company went dark. They informed all website users ( www.myconstant.com ) that they couldn't operate business as normal and would communicate a solution in 10 days. However, they immediately deleted and scrubbed all social media and methods of customer service contact. They changed their address on their website from XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX I personally have {$900000.00} invested with the company. LLC business license number. California # XXXX Delaware XXXX : XXXX
Frequently Asked Questions
What is Complaint #6277392 about?
Complaint #6277392 was filed against Const LLC regarding Checking or savings account specifically about Managing an account. It was received by the CFPB on 2022-12-04T12:00:00-05:00.
How did Const LLC respond to this complaint?
The company responded with: "Untimely response". The response was not timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Checking or savings account) and describe your issue in detail.
Can I see other complaints against Const LLC?
Yes, visit the Const LLC company profile at readthecomplaint.com/company/const-llc to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.