BLG, Benchmark Literacy Group, ELG, Eagle Literacy Group posed as a legitimate Non-Profit Organization doing credit Repair for consumers. BLG as the marketing arm created a multi-level compensation plan for Independent Reps to sell the service.
The company offered stock with plans of expanding the company and it's services and stated to be publicly traded within a year. This company also encouraged Representatives and Investors to recruit other investors to invest and offered preferred stock as a referral fee. After 6 months the companies services to " Credit Repair" customers ceased, they stopped answering phone calls, and stopped servicing clients. Yet they still kept taking clients money when they were in trouble knowing very well they we're shutting down. Their phone was disconnected and none of the owners could be contacted.
As representatives we all had replicated websites, they still deducted money from our accounts even when our websites were not working and when we cancelled the service they still kept deducting monies until we cancelled it at our bank.
I believe the company and it's officers and owners knew that the company was in trouble while soliciting monies for their useless stock and claiming to still do Credit Repair. They had no intention of going public. They were collecting money so they could fund their get away.
I would encourage people to add on to this Ripp Off report by filing your own complaint, it's free. For Investors you can file a complaint and claim for your monies with the SEC -Securities & Excahnge Commission - Download the form and mail. Go to: https://tts. Sec. Gov/acts-ics/do/complaint
Investors also need to file a complaint with the Department of Corporations - Go to: http://www.corp.ca. Gov/comp/complist.htm
Consumers can file a compalint with the Better Business Bureau and with the SEC. I have already initiated a complaint but more is need to stop these people. Please be a voice of many and file your complaint with me.
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