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EEC aka Entrepreneur Expansion Corp of Canada is a company selling ATM machine and location packages as well as franchise packages. They ripped me off for $250,000.00 US.
I got involved with them in 2003 at a trade show in Charlotte North Carolina. Over the span of one year I purchased 16 machine and site locations from them. All my checking showed no problems with the company and the references all checked out. I later learned all the references were insiders. I worked several trade shows with one of the principles as well as several representatives of EEC, not franchise holders, thinking I might want to purchase a franchise.
The first problem to surface was their refusal to replace non productive sites or move machines from non productive locations. This was promissed to me at the show in Charlotte. At the shows I worked with the company,potential customers were always told new sites would be found by the principles of the company as well as by the representatives woorking the show.
The second problem was EEC selling sites and machine packages I purchased to third parties without consulting me and without compensating me. I was told for over a year new sites were forthcoming but never were. I am now told EEC no longer finds sites and I will recieve no compensation.
The third ripoff was in their accounting. My cut of transaction fees have been cut as well as eliminated. In one case there was a shortage of $9,000.00 over several months. When I complained I was told I was crazy. After continuosly complaining tney finaly checked and I was right. While they did settle up on that complaint it has repeatedly happened since. I have also been fraudulently billed for a insurance deductable. I was told and have paper work stating the deductable was $500.00 but when there was a claim I was billed for $2000.00 US. I later learned the deductable was actually $1000.00 Canadian or about $750.00 US. When I refused to pay the inflated bill EEC sold the site to a third party without my permission and without compensation.
The fourth problem was with two machines I agreed to take in exchange for two of my sites they sold without my permission. The machines were to be virtually new. When I recieved the machines one of them was so old the software was outdated. EEC refused to even upgrade the software.
I have made many efforts to resolve the problem. I have offered to settle for 30 cents on the dollar. Bill Lougheed refused and offered me 7 cents and that was only if I take a franchise agreement. Mr. Lougheed insisted I agree to commit to purchasing machines exclusivley from him at inflated prices and wanted a guarente of volume. Mr Lougheed doesn't feal obligated to me in any way and claims the problem I have with EEC not providing goods and services paid for is that I don't work hard enough and not him meeting his obligation to fullfil those orders and promises.
I am going to start taking legal action shortly but doubt there is anything of value for me to attach. I doubt EEC will be in existance in another year. There are many other people who have been scamed by EEC. I know of a teacher in Charlote as well as others. If you do business with EEC you will be scamed. It is just a matter of when and how much they will get.
Neil
Lewisville, North Carolina
U.S.A.
5 Updates & Rebuttals
William
St. Catharines,Ontario,
Canada
Ms. Nancy, Retired, Bitter, 40+ Year old Lady who refuses to Help herself
#6REBUTTAL Owner of company
Fri, November 09, 2007
Ms. Nancy is a rich, retired, bitter, 40+ Year old Lady who refuses to Help herself.
1. Ms. Denutte is correct in that 'There is still no resolution for her" as she is not willing to do ANY work.
Neil did work.
Ms. Nancy further continues to fail to help herself.
Neil helped himself...in MANY ways.
Ms. Denutte further fails to understand she needs to;
a) Work,
b) Help,
c) Be Patient,
d) Be Flexible,
e) Be Positive
f) and Be cooperative.
2. We are advised that Mr. Lougheed called Ms. Denutte (last week) and, according to Mr. Lougheed, Ms. Denutte apparently 'hung up' on Mr. Lougheed while Mr. Lougheed was attempting to provide (and repeat privately and sincerely) the information and the facts, as they may pertain to Ms. Denutte (See public Responses via Ripoffreport.com for exact details, time, dates and people involved) as she asked for the information and the evidence to be delivered to her.
3. Mr. Lougheed deals with hundreds of clients and is pleased to help PERSONALLY with ANYONE who, in the spirit of cooperation and fair play wants resolution and REAL solutions to their problems.
4. Mr. Lougheed 'CALLS ALL LEGITIMATE COMPLAINANTS BACK. His philosophy is 'Ignorance is the mother of ALL fear'. Many people are afraid, hurt and scared by the realities their business imposes on them. They are 'FURTHER INJURED' and 'LASH OUT' when people WITH KNOWLEDGE, OR IN A POSITION OF TRUST, fail or refuse to return phone calls, emails, or help in ANY WAY.
5. Though Ms. Nancy 'hung up' on Mr. Lougheed's call of last week, he still forwarded her an email which started.. 'As Promised.....'
6. Should Ms. Nancy grant us permission to release Mr. Lougheed's past, present and future emails delivered to and from Ms. Denutte, et al, to the benefit of the Editor of Ripoffreport.com (and the public at large), we will post the same, for all to see.
7. Ms. Nancy NOW admits facts as follows;
a) 'Yes, I had in 2004, serial numbers for UK machines',
b) 'and [I was] even told [about the] locations.'
c) 'I invested $75,000 and have received $4098.32 total in return.'
d) 'The last check was dated 7/30/2004.'
e) 'That was for the first half of the year from January through June of 2004.'
f) 'I have not received any money since.'
g) 'According to others involved it is certainly possible that they did not exist at
all and neither did the locations.'
h) 'There is only one resolution for me. Return my money/ or give me any proceeds from the sale of these five ATM's.'
i) 'There is nothing more that I can say'
j) 'I know nothing of this attorney and any bankruptcy filing.'
8. We Repeat, and for GREATER CERTAINTY, PROVIDE DETAILS AS FOLLOWS: Entrepreneur Expansion Corp was petitioned into bankruptcy by
Sam Beninato a.k.a. Plumbing Mart (Toronto), a.k.a. Renovation Capital Acceptance Corporation, a.k.a. Renosystems International Inc., email samBeninato@renocanada.com, a.k.a....too many trading names to mention...Bankruptcy Petition on or about April, 2004....THEN...
'HELL was unleashed upon Ms. Denutte's business interests (and many others) locally and over seas.'
9. We Repeat: Entrepreneur Expansion Corp. is currently being run and managed by the Trustee and the Inspectors to the Bankruptcy. Many ATMs (at least 21) that are unaccounted for are with Key Biz Tactics Corporation (Welland, Ontario), per Tim (Mark) Lickman admissions, under oath:
10. Further, the names and contacts you have been provided (and are public knowledge) are:
a) Petitioner: Sam Beninato (Photo Attached)
1534 Midland Avenue
Scarborough, ON M1P 3C2
TEL: 416-285-6798
FAX: 416-285-1825
Email: franchiseinfo@renocanada.com
Email:samBeninato@renocanada.com,
'He sells Franchises!', 'Talk to my lawyer!'
b) Trustee: Hartley Bricks (Photo Attached)
Email: Hartley_Bricks@mintzca.com,
'The Kansas City Star, Mo., Gambling and Tourism column By Rick Alm, The Kansas City Star, Mo. Knight Ridder/Tribune Business News Feb. 8
'Canadian accountants and a gaggle of gambling and lodging industry veterans, including one indicted in the late '70s in an alleged kickback scandal involving a Las Vegas casino and the Teamsters Union. Majority interest in the River Falls effort is held by AL and HARLEY MINTZ, founder and managing partner respectively, of MINTZ AND PARTNERS LIMITED, a Toronto-based accounting and business consulting firm.'
'Where's the E?', 'We have a lawyer now...Stop calling us'.
c) Ms. Vivian Dimas: Executive Partner,
Tel: 416-444-4060
Fax: 416-285-8969
Email: viviand@hrconnects.com
Website: www.hrconnects.com
'I refuse to return phone calls-emails from these idiots.'
d) Don Hallam: HE WON'T GIVE OUT ANY DETAILS OF HIS WHEREABOUTS.
e) Sam Babe and Steven Graff...Aird and Berlis: Sponsor of 'The Dragons Den',
Tel: (416) 865-7726
E-mail: sgraff@airdberlis.com
'I am in charge now. You are not entitled to ANY information.'
f) Tim and Tracey Lickman, Ellen Vriend and Keybiz Tactics Corporation
(holding ATMs and transaction fees 'in trust for the Trustee'?):
Welland, ON L3B1A1
Phone: (905) 735-9791
Email: t.lickman@keybiztactics.com
'Trust me.' 'Want details...? Talk to my Lawyer'
g) Larry Eggelton: C.F.O. HE WON'T GIVE OUT ANY DETAILS OF HIS WHEREABOUTS.
'Thats' not my signature...oops...how did you catch me?','Talk to my Lawyer'
11. Wouldn't it be GREAT if these individuals told THE TRUTH, in writing, so that the world could share, thus provide some transparency and get Ms. Denutte, Mr. Hermsen (AND OTHERS) some REAL Solutions.
12. What are you afraid of...'Trustee and Inspectors to the bankruptcy of Entrepreneur Expansion Corp.?' You are in charge! You have the power! You have the information! You have a fiduciary responsibility to the public to share that information!
13. Please provide Ms. Denutte some written responses!
14. Ms. Denutte. Until you can come to us and say you have contacted each and every one of these sources (do some work) and you are further in a position of KNOWLEDGE vs. IGNORANCE, where you can get us ALL written answers to our many questions...either seek professional help, or stop wasting Everyone's time, publicly or otherwise.
15. Ms. Nancy. Your solutions are in this response. We are waiting for YOUR Solutions, YOUR Directions and a YOUR REAL Action Plan that is NOT ILLEGAL to perform.
16. Neil. We are still here for you...working hard to create win-win solutions...and making some progress, one step at a time.
'Do what you can, with what you have, where you're at.'
Henry Ford.
'If you think Education is expensive, you should try Ignorance.'
The Late Learner
EEC Creditors Union
Nancy
Powell,Ohio,
U.S.A.
Funny Bill Lougheed Told Me The Same Thing !
#6Consumer Comment
Wed, April 20, 2005
I would like to know what this resolution is and how much money Bill says he needs to educate and train you. He invited me to join him to the UK to check out the market conditions and find my machines. He is certainly using someone else's money now to do this. The investors think they have bought ATM's !! The joke is on them !
Neil
lewisville,North Carolina,
U.S.A.
An agreement has been reached for settlement
#6Author of original report
Wed, April 06, 2005
Mr. Lougheed of Entrepreneur Expansion Corp. has entered into an agreement to resolve the problems between us. We are curently implementing a process that will eliminate the shortfalls of EEC, most of which were a result of a less than honest former partner whom also cost Mr. Lougheed a great deal of time and money. The process isn't going to be cheap nor easy for Mr. Lougheed, but I am confident they will be resolved and I look forward to working with him. Neil
William
St. Catharines,Ontario,
Canada
Business Solutions some of the locations where his equipment was placed went out of business.
#6REBUTTAL Individual responds
Wed, April 06, 2005
Neil Hermsen purchased several ATMs from our network of franchisees.
Mr. Hermsen is correct in saying that some of the locations where his equipment was placed went out of business.
Mr. Hermsen is further correct in saying that the Entrepreneur Expansion franchisee who sold him Mr. Hermsens' business has not replaced ALL of the locations that went out of business.
Several "free replacements" and exchanges were provided to Mr. Hermsen and he accepted them, however there is still a shortfall of promises to Mr. Hermsen that has been addressed, but has yet to be implemented.
There were several reconciliation errors reported by Mr. Hermsen and I believe they were adjusted to Mr. Hermsen's satisfaction at the time.
I have also, personally, apologized to Mr. Hermsen for these errors and I have made arrangements to ensure these types of errors do not happen again.
Businesses go bankrupt. This is not in Mr. Hermsens' control; however it is not in my control either. When people place their machines into a business that 1 - 3 years later goes out of business, it is prudent to have a budget and a reasonable expectation that 1st...this will happen and 2nd...this is in the budget to pay a sales person a commission to find another location and a service person to install it.
I have provided Mr. Hermsen with what I believe are reasonable business solutions to settle his differences with the Entrepreneur Expansion network of franchisees and to settle our differences while moving forward as business partners, vs. "public enemies".
Entrepreneur Expansion and our network of business partners intend to do the following to repair Mr. Hermsens' business:
1. Provide Mr. Hermsen with equipment in the US where he can more closely control the results.
2. Provide Mr. Hermsen with additional training and train his family how to properly run this business in his area.
3. Hire and train a sales rep and a service tech for Mr. Hermsen so he can operate the business in his area with confidence and more control over the events of his business.
I beleive these are long term solutions, which will reduce the frustration Mr. Hermsen has experienced with his Enterprise business to date,.
This solution will provide him more control, more information and direct contact and communication with the client relationships which make or break his business in his local area.
There are a series of other offers that we have extended to Mr. Hermsen over the course of the next year, which we anticipate positive results to start by June, 2005 and to be completed within the year.
Building a business takes time and patience and can be a painful thing sometimes, especially when starting out.
I have reassured Mr. Hermsen that we will not leave him "high and dry" (nor I personally)and that there is a support team and a mechanism in place to help get his business back on its feet.
I am encouraged by Mr. Hermsens' willingness to help fix and grow his business and I have promised to help where I can to implement all promises and monitor positive or negative results in the future.
Our business solution, should it be implemented in full, will get Mr. Hermsen 100% of his money back, over time, and more, plus it will give Mr. Hermsen training and the ability to control his business, plus it will provide Mr. Hermsen with a business, that should he wish to sell it, may be worth in excess of one million dollars in less than 2 years.
Neil
lewisville,North Carolina,
U.S.A.
EEC also loses sites and won't replace them. More lies!
#6Author of original report
Thu, December 23, 2004
EEC claims their site contracts are for 5 years and will vigorously protect the investor. Another lie. They have lost 11 sites I paid for and have done nothing about it. One site was lost after 2 days. They also refuse to refund any money or find new sites. Another example of their scam.