I was contacted by phone. My number was on the internest, as I was looking for some work to do from home. I would have my own web page. They wanted me to invest $20,000 to buy leads. These leads were small busiesses that had been turned down from larger financial institutes.in getting the leads the company, not me, would call the businesses and attempt to sell them credit card readers and business loans.
The company would offer cheaper or equal rates to these companies 1% to 6%. They would also offer loans to the companies but these loans had to be $100,000 or more. For each reader, swiper, that was sold I would get a dollar value and then when each time someone swiped their card on this reader I would get 25% residual income. If they managed to get the company to take a cash advance also I was to get 2% of what ever they took.
After talking with my banker for quite some time I decided that it looked like to much of a risk. You see, I was going to "wire" the money to an account that Shawn had supplied. I tried to avoid any further contact with Shawn, as I do not like confict, but after several calls, two days in a row I took the call and told him that I did not want to do it. He then told me that because of our telephone calls I was locked into the agreement. It was the same as a written agreement. He told me that the company would work with me so I did not have to invest so much money. And that the income was guaranteed.
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