Russ Whitney - Wealth Intelligence Acadamy - Premiere Investors Group - Cash Flow Generator Ripoff Dishonest, Scam Artist, Lying Thieves, No Due Diligence, and everything else you could think of Cape Coral Florida
Now on our 5th month, My fiance and I typed on computer and hand-signed a 2-page letter complaining we wanted our money back that we held our end of the bargain and they did not hold theirs and the only reason we bought the package was because they had a satisfaction guaranteed and now we are not satisfied in the first month we were not satisfied. We sent that letter by fax on 01-18-2005. I just called for the 4th time tonight 01-26-2005 and finally got an answer to the letter....
NO REFUND....
Kidding right, Nothing but Lies... They will never hear the end of me till we get the refund we were Promised, Guaranteed!
For $15,000 I could buy me a brand new car to get me to and from the houses. The 15k invested is not an investment at all.
I am getting married this June and now have no money to use because I am paying the bills from the cards for the $15,000. Talk about disrupting a life, they supposedly help people, not us and not the other people complaining on here.
It all started when my fiance and I went to the free seminar, I debated that it was a scam then but gave in to the idea we had a Chance To Cancel. Paid for the program, read the books over and decided to keep it and go to the three-day workshop in Cleveland, Ohio. Which is 2 hours away. So we both had to take off of work to attend and then pay for a place to stay since it was so far away.
Not convinced, but learned a little but, could have learned more and have something to show for the price of $1,500.00 not including hotel and gas fees added for a Real Estate License and work as an agent.
My fiance and I went home and received a call a couple days later stating they wanted us to continue on and they were only choosing 5 people from the 3-day course to move on at a Discount. What a joke! What discount, Russ calls $15,000.00 a Discount and for what Nothing.... Absolutely Nothing....
We continued calling them for 1 and a half months before we got our first trainer. They said, that they had 100% in-house financing after the first month if "for some ungodly reason" we would not have one flipped and made a profit of 15k to pay for it. Well we fought and after the first month without a trainer our bills came in and called as we were told to do and they said we have no in-house financing here you need to get more credit cards and transfer the balances around. LIED TOO AGAIN...
Never received a welcome letter we were told we would receive within 24-48 hrs of buying the package called to tell them, they never returned our calls. Lied To Again...
Then we finally get our coach, supposedly the best, because of our "rough start" as they said. We get an old man who has 15 kids no lie well maybe it is he told us and he works there, they all lie. All he did for our meeting was tell stories and they were only 2 stories repeated as if he had Alzheimer's and repeated them 15 times over. Then we were told this package was for a year, we only had 10 sessions and it ended without notice we had no idea LIED TO AGAIN...
It is now going on our 5th month of this year program, didn't learn anything from the old man, did our part on the end of the guaranteed and worked our butt off, we didn't just sit back, lax and not do anything, like most people figure us people complaining do. We have our team. We have made offers and not happy with the service at all.
NOT Satisfied... I wish I knew of this site before they ruined my dreams and aspirations and OUR WEDDING and OUR CREDIT.
Rachael
New Philadelphia, Ohio
U.S.A.
2 Updates & Rebuttals
Tawana
Atlanta,Georgia,
U.S.A.
Russ Whitney Initial Classes not bad, but outrageous fees for advanced training
#3Consumer Comment
Mon, February 20, 2006
First let me say I honestly do not work for these people, I am always looking for good opportunities and this one sounded fair so I tried it.
I recently attended the 3 day training week end. We paid $495.00. Is this a high pressure sales conference mixed with some good real estate advice and lessons? yes it is. If you think you are going to anyones' class similar to the CFG and they will not try and sign you up for somthing more though, know this, they all do it. That is what sales people do, they sell you things, of course they do, that is how they make their money, don't be naive.
Given that, you simply decide if you think they have anything of value you can extract from your time and money spent when they are not in 'sell mode'. I typically never sign up at an initial free seminar for most of these I attend, as I have gone to several. This training was for 3 full days, and they lay out what they will cover each day right on their website. They did live up to this part of the promise I must say. Some of the real estate investing information is quite valuable, some of it you may already know but what you don't can be worth the $495 for 3 whole days "if" it helps you, some of it did help me. I would say if you don't want to feel burned split the cost with a partner like I did and then you only spend $250.00 on the weekend, which again from my experience when they weren't selling more to us and were just straight teaching was worth it for the advice alone. You can do alot of the things they teach on your own without the advanced training but what you may not have before you walk in there is the basic guideline to do it which they do outline for you.
The part they don't tell you is that while they are teaching you about real estate they will also throw everything at you psychologically they can to convince you that you will never succeed or learn anywhere else but from their "advanced training". They push this message quite a bit between lessons, that you "need" it or you will not succeed. This is cryptically fed to you off and on through the whole 3 days ramping up more and more to that end as the weekend unfolds.
Do I think they are actually buying and selling real estate? yes I do after talking to each of them seperately on breaks. Are they making money doing it, yes I believe they are. How much? that is the grey area.
Could you learn some great techniques and make money after their advanced training classes or even just the 3 day class? if you apply it most likely yes. Should you have to pay them between $8000.00 being the cheapest course and $90,000.00, yes $90,000.00 if you chose not sign during the 3 days, $40,000 if you did for all of their advanced courses, no joke, for that advanced training to learn the way to profit from real estate investing? absolutley not. Some people in the room actually laughed out loud at their fees, some got up and left, others actually signed up.
Bottom line is, how much is it worth it to you to sign up for this kind of hands on training? they take you out in the field and show you how a deal works with the advanced classes. Do you need them to train you or can you do it on your own? Can you get equivalent training or better for alot less money? I think so, so I took the 3 days of real estate investing information which does give you some good background on opportunities in the market as far as what is hot and what is not at least and I will build on that now by taking my $8000.00 - $90,000.00 and invest in some actual properties rather than give it to them so they can use it for the same purpose..
Michael
Chicago,Illinois,
U.S.A.
..If everyone complained we could put these theives out of business, never trust their instructors or testimonials, those people get paid to say that they made money.
#3Consumer Suggestion
Wed, February 02, 2005
Dear Racheal,
I just read you entry and I feel for you as I have been ripped off myself in a similiar situation. The way I resolved it was by consistently calling them and by notifying the appropriate government agencies. Let the scam artists know that you are going to contact the CFTC (Commodity Futures Trading Commission)www.cftc.gov and the FTC (Federal Trade Commission) www.ftc.gov as well as the Attorney General's office in your state and theirs. Also, Russ Whitney holds a public company under the stock symbol of RUSS. Tell them you will contact the SEC, Securities Exchange Commission. Report it to everyone.
These companies (cash flow, trading classes,and real estate seminars) are all scams they prey on people who looking to better themselves or get out of debt. They claim that this will give you financial freedom (it's a get rich quick scheme)only it's quite the opposite your paying into theirs. That is why they can live such lavish lifestyles. They take the seminar money and invest it for their own use.
In your case (the cash flow system) they took your hard earned money and it's that money that adds to millions and they use that to purchase the cash flow contracts. That is why they claim they are so successful at it because they use your money not theirs to purchase foreclosures and what not.
Also, never trust their instructors or testimonials, those people get paid to say that they made money. There is never any substantiated proof. Don't give up! 15K to me grand theft larceny. Make sure you call and go onto the web site of the federal consumer agencies.
If everyone complained we could put these theives out of business. Also, go to the search engine web sites like Google and search for cash flow fraud complaints. You'll find you were not the first and unfortunatly won't be the last. Also, if they do end up giving you a refund, be aware that they will most likely give you a form to sign that you will not disclose anything about it. Good luck.