I became a member of NADN in Oct. 2001. They charged me $810 for a 2-year membership. I was told that if they could not save me $3000 within that time, I would get may $810 back.
In they called me with the "Shop'n 2000" (also called "Mall for All") website business "opportunity". Like a fool, I plunked down $2995. I would now have to wait until 2003 to see if I would get any money back.
Jan. they called to renew the "Shop'n 2000" for another $2995. They coerced me by stating that I needed to renew now to get the full benefit.
When I finally got through in late May to ask where my tax returns are, they told me that because I did not do all that was required to establish my website as a corporation that I could not get the full tax benefit (which was supposed to be a $5000 tax credit AND $5475 in deductions). Once I heard this, they told me I need a "Business Marketing Plan", which costs $1495. Yes, I gave them the benefit of the doubt and signed up.
I changed my mind in about a week or two and tried to get my money back. I sent 3 faxes and never received a penny. When I tried to contact them, their Customer Service agent gave me their Client Resolutions number, which turned out to be a fax/modem line.
When I finally received my tax returns, they were done wrong. I had cashed in a 401k from a previous job just to try to pay for this stupid thing and they reported it wrong. If I would have sent my return in, I would have been penalized, BIG TIME!
After all that, my return barely covered the $2995 I spent to begin with. How is this putting an extra $3000 in my pocket?
But, the worst part they don't explain to you about the "Shop'n 2000" website is that the $2995 is only a portion of the cost. I still have a balance of $7980 in a Promissory Note that will be due in monthly installments starting 8 years after the initial $2995 purchase. Of course, the interest started accruing immediately.
Compounded by the fact that I renewed the second year. So now, I spent $810 for the first 2 years, $2995 X 2 for the website and will owe $7980 X 2 on the remainder of the website, plus the $1495 they did not refund for a grand total of $24,255.
My 2002 returns for both Fed and State will be about $3400. Of course, my 2-year membership ends in Oct. so if I need my taxes done next year I need to pay them more money. The $1495 Business Marketing Plan does not include tax preparation.
CBSNews.com has a story on NADN at this address:
Http://www.cbsnews.com/stories/04/14/eveningnews/consumer/main549233. Shtml
Looks like the Nevada Attorney General and the IRS have had enough as well.
To any NADN employee who might think about rebutting, don't waste your time! You know you rip people off and I can assure you that GOD will get you for it!
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