Complaint Review: business development division - Las Vegas Nevada

The company claims that I waited one day too late to request a refund even though the refund request was made on the 3rd business day after agreeing to the service as was verbally presented. They now refuse to give me my money back!

I spoke with Dean Murrer on March 26, 2010 where he verbally assured me of the below services.

On March 30, 2010 this was my experience:

In regards to Business Development Department Nevada I spoke to a Mr. Dean Murrer 866-967-8128.  Hes not in today by the way.  He offered me two potential services on top of the free formation of the LLC, they are listed:

1.    Starter Program at $2,490 which covers getting registered with Dunn and Brad Street; they take care of compliance checks; back office access to education which is duplicatable under any corporate structure I choose (not sure what that means); 3-5 trade lines 30-60-90

2.    *Basic Program (for which, he determined, that I was qualified for) with a line of corporate credit between $100-$500k per property with a promise of no less than $250k in 6 mos.; $25k-$50k within 45 days; 100% funding for any deal I currently have as long as I have an exit strategy (Im assuming this is very short term, with a buyer already contracted),  transactional funding $100-$500k; Corporate credit without the need for me to sign personally for it; 6 months of personal coaching; full time access M-F 9-6pm; 6 months unlimited access to back office; Dunn and Bradstreet; Guaranteed $7500 -$10k in 7 days of profile approval;$25k credit lines in 30 days; Paydex score through D&B of 80 which is the equivalent of a 780 FICO score; No personal liability or funding, for $4,990.00.

Here are some of the notes I wrote while speaking with Dean: IRS Trap #1 Dealer Tax- trap to pay excessive tax; #2 Holding tax-long term holdings can be looked upon as inventory by IRS unless I name the LLC properly and structure my holdings properly.  He warned that if the IRS looks upon any holdings that I have as inventory that I would no longer be able to capture depreciation.  He said that I needed an S-Corp form 2553 at the end of the year in order to avoid some of these pitfalls.  He called it an LLC with S-Corp status; funding on a lower tax responsibility; get my own funding $1-$2 million; must have an exit strategy; leverage; $150k-$250k + corporate credit; $500k per property; hard money for upfront capital.

I called the company because I could find no evidence of an actual contract that I signed.  Everything was done over the telephone and by fax.  The representative that I spoke to said that the legal department would be e-mailing a Product Service Agreement to me for signature sometime today. 

When I received the Invoice/agreement (on March 30, 2010) it didn't state what Mr. Murreir had said so I emailed my cancellation as well as sent a letter certified signed receipt on the same day.

Now, a Mr. Chris Zolnar says that because my cancellation was sent on the 4th day that they will not refund my money.

RIP OFF! RIP OFF!  They have not provided any service to me, not that I would accept any at this point, and still refuse to give me my money back.