The website that Stencilco uses to intice people to join them and send money is www.stencilco.com. There they say they guarantee a $200,000 income with a partnership contract whereby you buy a territory.in my case it cost me $15000. I am aware of people having paid as much as $50,000. They list in this website products that they have for sale, however the product does not exist as it turns out. I spent a year with this company and had furnished a client with 275 distributors to buy their AT series product that shows on their website as a product they have. After a year, they have never delivered any product to this account.
This is a partnership that you contract for, whereby I have to bring in the accounts to buy product and Stencilco has to furnish the product. Once product is sold, you are supposed to make a 37% commission after expenses. This never happens either. They do not pay the commissions.
Since I have been with them for a year and the contract says they guarentee your income if you comply with your part of the contract, which I did because of my bringing in the companies to buy their product, I asked to be paid. They said they would pay but have not done so. No one in this company who performs as a RD or CAE has been paid for anything, even if products were sold. I have that experience also where we did sell a product and it was paid for by the user, but I have never been paid a commission on that either.
It turns out that the patents that the company lists on its website are either expired and have nothing to do with any product that Stencilco has.
Most of the products that they list as having for sale do not exist and cannot be supplied to your accounts.
They refer you to their website before they will talk to you about coming in at your own expense for an interview. They do not dislose to you in the website or on the phone interview that you will be required to purchase a territory in the form of a partnership agreement.
As it turns out, if you look into BBB, Stencilco is not a registered company to do business as either a corporation or a sole propriatorship in any state. This company does not exist legally.
The FBI is investigating Mike Nezer and Stencilco at the present time for wire fraud. Once you have agreed to commit to a territory, he has you wire money to his account based on fraudulent things he tells you in the interview and what shows up on his website. That constitutes wire fraud.
Do not get involved with this company until you fully it check out with the BBB and ask Mike Nezer specific questions about his company and demand answers. If you do this, you will find many things that will lead you to say no. Ask these questions before you spend the money to go to inverview. You will be able to tell he is lying when he refuses to let you check into his operation very deeply.
Brian
Scottsdale, Arizona
0 comments