- Report: #821520
Complaint Review: Dalbey Education Institute - Westminster Colorado
Reported By:
Ron -
Highlands Ranch, Colorado, United States of America
Submitted:
Updated:
-
Author Confirmed
Why?
Dalbey Education Institute
7233 Church Ranch Blvd Westminster, 80021 Colorado, United States of America
Phone:
800-620-6700
Web:
www.dalbeyeducation.com
Categories:
Business Rating:
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Dalbey Education Institute false advertising, predatory sales tactics, lies about how you have been personally selected to participate in advanced training, etc. Westminster, Colorado
My first encounter with Russell Dalbey and his Dalbey Education Institute (DE) was a late-night viewing of his infomercial with celebrity Gary Collins hosting. I don't know why I watched the thing. I usually try to steer clear of infomercials. My main complaint with the infomercial in retrospect is that it so strongly presented the notion that the "note business" was easy. In fact, the beginning manual that you buy from the infomercial is in three pamphlets entitled 1. Find 'em, 2. List 'em, 3. Make Money. It sounded interesting and I was looking for something I could do from home to bring in some extra money and to help out in retirement. The main problelm with the "note business" is that there is an immense amount of cold calling to do with very little results. Most people are not willing to take a severly discounted price for their notes, but the note buyers in Dalbey's approved list are not willing to offer attractive bids for the notes. This process is anything but "as easy as 1,2,3" as Dalbey stated in his infomercial. After you have purchased your beginner's package, you will receive multiple phone calls from Dalbey's sales people, who in all honestly are pleseant enough, but will lie to you to get you to buy. One phone call I received was to purchase a training program to teach all the ins and outs of the business. I was passed from the original caller to his boss, and then to his boss to see if I would be suitable to take the course. In the final analysis, I was suitable, go figure! I was told that I was suitable to be included in a ten-person team to learn the business from their best coaches. The claim was that this expert trainer had been given authority to take ten people and turn them into millionaires with a year. As it turned out, after we signed up for the training, we learned there was no special ten person group to be trained and turned into millionaires. This was an out-and-out lie. Another point of grievance: Free webinars to supposedly learn specific aspects of the business such as notes for mobile homes, dealing with Real Estate Investors, etc. gave very little solid training, but were more of a sales pitch to buy these courses at significant cost. More lies, the webinars were not training but were sales pitches. And there were always "limited openings" so you were urged to sign up immediately. Whenever I saw Russ Dalbey in person or heard him speak, I was favorably impressed with him. He seemed like a likeable, honest, upstanding person. It's difficult to think of him as a con-artist. Anyway, he certainly conned me. When all was said and done, I was out well over $30,000 (this covered training for both my wife and me). By the way, I was never able to close one deal or make one penny with this business. I really think that Dalbey should be shut down so that other people don't fall victim to his lies and unscrupulous tactics.
