- Report: #1116723
Complaint Review: Kingdom Builders Financial Group - Philadelphia Pennsylvania
Reported By:
ProfessionalInvestor -
Arlington, Texas,
Submitted:
Updated:
-
Author Not Confirmed
Why?
Kingdom Builders Financial Group
Philadelphia, Pennsylvania, USA
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Kingdom Builders Financial Group Hard To Believe They Are A Real Company With A Real Opportunity Philadelphia Pennsylvania
I have been involved with real estate investing and lending for over 30 years. I have bought millions of dollars worth of commercial property and have made loand on behalf of my hard money lending company in the hundreds of millions of dollars.
My daughter in law joined this firm's opportunity under the premise that she would be a commercial finance consultant. She went through the process, a rather loose process at that and got her training packet. The training packet seemed okay and she went out into the market place and bought in a lead on a pretty good deal from their perspective.
She soon found out that what she was doing was nothing more than gathering leads and providing forms, which the client themselves had to complete. This is in no way being a commercial consultant because there is no consulting work going on.
She sat through some additional so called training calls where a different person seemed to do it each time and each time all they were doing was reading from the training packet, zero training going on. They all use the same deal example, a $50,000,000.00 deal and the potential commission. These are not the everyday deals most in the business see, and they say they can do deals up to $500,000,000.00. The lenders I spoke with who could fund these amounts and I know them all personally, said they would never let a group like tyhis have access to their money or deal with some consultant who's training is from some 30 page training packet.
After a few weeks, all of a sudden this commercial real estate company started sending out emails about some mlm opportunity with chocalate and something called Motor Club of America, which after researching has proven to be a scam in itself. When my daughter in law actually spoke with Mr. terrence Smith or Coach as he is called, and he never does actually teach anyone anything by the way, she informed him of who I am and he said yes I know the name and he said well I am a Billionaire myself. That is a joke because I have spoke with many people in financial circles and commercial real estate circles and no one has ever heard of this guy and very few ever heard of his company and this guy is a Billionaire.
Experienced business people, let alone Billionaires do not push mlm opportunities that prove to be scams, atleast from my view. Now my daughter in law got a email the other day that said Kingdom Builders is no longer free and they want you to pay $199 which includes some three day training or $49 to be a referral agent.
If they are making all this money off of deals, why do they need to begin charging a fee to be involved. This has proven to be yet another scam in a long line of scams in the financial services industry.
1 Updates & Rebuttals
sonyablaze
Alabama,All of these reports are dead on
#2UPDATE EX-employee responds
Thu, April 03, 2014
The only thing i disagree with is calling "MCA" a scam, not hardly, and FYI just because you see "posts" saying it is, doesn't make it one, there are scam posts for Walmart everywhere as well, complaints etc.
Now back to Kingdom builders, these reports are dead on. That owner Terence is a big mouthed, egotistical, fake christian, wannabe clown.
He was extremely rude, acted like he has a chip on his shoulder, talks like he's some sort of hot shot big shot, and i bet he aint worth 2 nickels, and even if he was, his attitude and personality make him worth a large fry at best.
I had signed up to work with these people way back when it first started, they were very disorganized and he was very, very rude.
I don't know if they actually get people funded or not, maybe they do, not sure, but i sure as heck wouldn't allow my private funding to be represented by these fake christians.
These are your typical wolves in sheeps clothing that preach the preach, but do not walk the walk. End of day, it's about green with people like this, they want to show up to the big church decked out in a $1500 taylored purple suit, while the wifey shows off the Gucci bag and Prada. Step out of a Range Rover and walk around like their stuff don't stink, bragging and jawing, then later talk about "God" and righteousness......
Trust me, i know these types well, they use "In the name of God" to back their ways, sorry, when that hour hits, your kind will be the first dealt with....trust me
In the immortal words of Rick James, "They shouldn't have never gave you ___________ no money"......
Report Attachments
