Ellipsis contacted me in June and made their pitch. After research and discussions with realtors, I agreed. Wired money to start program. Fees to be collected monthly by Ellipsis, FALSE! Immediately sold "properitary note" to US Bancorp dba Lyon Financial. Program DID NOT work, no satisfaction. Note sold for a $250.00 computer was for over $33,000 to USbancorp dba Lyon Financial.
I used their FAX "blasting" program for over four months. Total Failure. Many complaints! Both Ellipsis and I agreed to discontinue fax blasting. February I received a flyer from the FCC regarding companies FAX blasting, and how illegal it was... And some fines that had been imposed.
I contacted USbancorp and explained this to their rep. She insisted the program was good, that they had done a lot of business with Ellipsis and they felt comfortable. She did say that she would turn over my complaint to their legal department. Nothing ever heard except their threats to repossess! I told them to come and get it! With over $1,900 per month being paid for worthless marketing program. I was driven into bankruptcy Feb. 2005.
Ten years in business, and I made one stupid mistake and it cost me everything! This Ellipsis group is a terrible group of people, who lie, and lie again, numerous representatives, that never knew what was happening. Their affilliation with USbancorp/dba Lyon Financial paid them a riduclous sum of money for a $250 computer! I found the law that forbids a lending institution from lending money for a fraudulent enterprise.
USbancorp doesn't care! My attorney stated that it would take me over $25,000 plus to fight this in court and if I had this type of money, just pay them and go on with my life. I didn't and had to go bankrupt! I have signed an agreement stating that I would not go to court to recover monies to the Bankruptcy Trustee; however, I will testify for anyone that does take these people to court. Just pay my way to court, plane/hotel only! These people need to be taken down.
For the people that say that Ellipsis program works. They too, must be in collusion with Ellipsis. They don't contact realtors! Just Mortgage Brokers! Take their money and committment and then leave them swinging slowly in the wind. Even though I had a pretty successful business prior to stupidly "joining" Ellipsis.
I don't think anyone can lose Over $1,900 per month and have a 30-40 per month complaints list registered for the prior 4 months! Ten years in business, all gone.
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