I went to the seminars in Asheville NC. April 20-22 paid the 200 dollars to learn trading in a 3 day course. Was convinced to purchase 15,990 dollars of more training with a mentor to boot.
Was later called by Tim Kane from Draper Utah telling me that they only offer this other special help teaching to only 1% of all students. That the reason was to make a star student out of me by having 16 weeks of coaching and actual trading with the pro's. Copying them trade for trade if I wish to really shine so that I could be an example to help bring in more students. One catch was an additional 8,510 dollars.
How could I loose, I thought. They promised me a coach in about a week. I would recieve my first of 16 books sent each week and I would have to be studied up on each for the 45 minute phone contact with the coach. Weeks went by and I was luck to get a supposed coach on a supposed hotline about this issue. I could not get contact with the main administration office. I would call and leave messages, leave emails to the ladies that took my extra 8,510 dollars. They were so easy to contact when I was paying and totally impossible to contact after getting my money.
After this I got very paranoid and wrote for my money to be returned because I was not happy with thier absence and invisibleness.
I wrote first to the Utah Attorney General, and was sent to Consumer Protection. Secondly I wrote to the NC Attorney General Consumer Protection Agency. I got up on Line and studied NC Law to see if they were wrong in anyway. I found alot. It still remains to be executed by the NC Government.
They were unlawful for not first showing me the NC Law and rights of a puchaser of a business opportunity. 2nd They did not show there credencials and money earnings to me. 3rd, they did not tell me all the names they operate under. (In fact the had me write a check to TMTT "Teach Me To Trade" and only after the fact from my bank statement came the name "Edutrades Inc."
I would like to help get these crooks out of commission and of course would like very much to get my very hard earned $24,000.00 (Twenty-Four-Thousand-Dollars) back.
It was only after the letters from NC Attorney General did a Michael McKenna, Corporate Counsel of 1612 East Cape Coral Parkway, Cape Coral FL 33904 Write back to The Attorney General's office (NOT TO ME) telling them this, word for word.
RE: Gary H. Patrie, File No. 0606739
Dear Ms Chipman:
I am in receipt of your letter dated June 12 regarding the above-refenced complaint. As I understand Mr. Patrie's complaint, he is requesting a refund because he was unable to successfully contact someone from our office to mommence his coaching sessions. The nature of this complaint is quite surprising considering we have a customer service department available during the workweek dedicated to handling these types of matters. Since we derive no benefit from not providing Mr. Patrie with his coaching services, I can also fin no reason wh we would simply deny him the assistance he requests.in any event, the obious solution here is to see that Mr. Patrie is assigned a new coach immediately so he can commence his training. I will see that this is handled appropriately and that Mr. Patrie is contacted by his coach sometime this week.
Sincerely Michale J. Mckenna
I was not pleased at all with this because even to this date I have not ever been contacted by Him personally nor any other office personal. One coach called Christopher, Got down right angry with me when I told him I want to talk to headquarters. He said very loadly "GARY GARY GARY, What do you need to talk to them for you got me to talk to, LETs talk about trades, come on, you need to snap out of it, I can here emotion in your voice. YOU'LL NEVER make a good trader that way. I told him that I work as a small time siding contractor and if people have a fear or a complaint they can reach me so that I can work out the problems one way or another. I cant do this here, No one will take my calls and complaints. This stirs up mistrust.
Also they are in breech of the laws of North Carolina and I wrote back to Mr. Mckenna.
Dear Mr. McKenna, Please be advised of the North Carolina Business Opportunity Laws.
You are in breech of these articles and must under the Laws set by North Carolina submit a refund and perhaps damages. I am asking for the Twenty Four Thousand Five Hundred Dollars ($24,500) that I paid to the name (Edutrades Inc.) which was not displayed at the time of the sale. Gary H. Patrie
Effective January 1,1995
Sec. 66-94 Par 3 The seller guarantees that the purchaser will derive income from the business opportunity which exceeds the price paid for the business opportunity; or that the seller will refund all or part of the price paid for the business opportunity, or repurchase any of the products, equipment, supplies or chattels supplied by the seller, if the purchaser is unsatisfied with the business opportunity and pays to the seller an initial, required consideration which exceeds two hundred dollars ($200.00)
Sec. 66-95 At least 48 hours prior to the time the purchaser signs a business opportunity contract, or at least 48 hours prior to the receipt of and consideration by the seller, whichever occurs first, the seller must provide the prospective purchaser a written document, the cover sheet of which is entitled in at least 10-point bold face capital letters? Disclosures required by north carolina law.? Under this title shall appear the statement in at least 10-point type? The State of North Carolina has not reviewed and does not approve, recommend, endorse or sponsor and business opportunity. The information contained in this disclosure has not been verified by the State. If you have any questions about this investment, see and attorney before you sign a contract or agreement.? The disclosure document shall contain the following information:
(1) the name of the seller, whether the seller is doing business as an individual, partnership, or corporation, the names under which the seller has done, is doing or intends to do business, and the name of any parent or affiliated company that will engage in business transactions with purchasers or who takes responsibility for statements made by the seller.
(2) the names and addresses and titles of the seller's officers, directors, trustees, general partners, general managers, principal executives, and any other persons charged with responsibility for the seller's business activities relating to the sale of business opportunities. The disclosure document shall additionally contain a statement disclosing who, if any, of the above persons:
(a) has been the subject of any legal or administrative proceeding alleging the violation of any business opportunity or franchise law, or fraud, embezzlement, fraudulent conversion, restraint of trade, unfair or deceptive practices, misappropriation of property or comparable allegations;
(b) has been the subject of any bankruptcy, reorganization or receivership proceeding, or was and owner, a principal officer or a general partner of and entity which has been subject to such proceeding
Sec. 66-96 If the business opportunity seller makes any of the representations set forth in G.S. 66-94 (3), the seller must either have obtained a surety bond issued by a surety company authorized to do business in this State or have established a trust account with a licensed and insured bank or savings institution located in the State of North Carolina. The amount of the bond or trust account shall be an amount not less than fifty thousand dollars ($50,000). The bond or trust account shall be in favor of the State of North Carolina. Any person who is damaged by any violation of this Article, or by the seller's breach of the contract for the business opportunity sale or of any obligation arising there from may bring an action against the bond or trust account to recover damages suffered; provided, however, that the aggregate liability of the surety or trustee shall be only for actual damages and in no event shall exceed the amount of the bond or trust account.
Sec. 66-98 Business opportunity sellers shall not:
(1) Represent that the business opportunity provides income or earning potential of any kind unless the seller has documented data to substantiate the claims of income or earning potential and discloses this data to the prospective purchaser at the time such representations are made;
Sec. 66-100 (b) Any purchaser injured by a violation of this Article or by the business opportunity seller's breach of a contract subject to this Article or any obligation arising therfrom may bring an action for recovery of damages, including reasonable attorneys' fees.
(c) Upon complaint of any person that a business opportunity seller has violated the provisions of the Article, the superior court shall have jurisdiction to enjoin the defendant from further such violations.
(d) The remedies provided herin shall be in addition to any other remedies provided for the la or in equity.
(e) The violation of any provisions of this Article shall constitute an unfair practice under G.S. 75-1.1.
I am needing help with this...
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