#20
Thu, November 07, 2002
There are over 30 ex-sales people who are looking to form a class action lawsuit against Stencilco, Mike Nezer and Edna Seward for their lies they have told people. They do not own any of the buildings they work in and they purport to be a 100 million dollar company yet have four employees.
They have over 30 outstanding contracts with these sales people and every single one of them is a lie. Each contract implies that a company named "Stencilco, or Stencilco.com, or Stencilco-HQ" is the company they contracted with but none of those companies exist anywhere in the United States. They are a figment of someones imagination.
They originally purported that their "flagship" product Last a Film was "co-developed" by Nezer and Eastman Kodak (there is documentation to provie this misrepresentation). Now they changed it to say that Nezer only "utilized" a Kodak product for his process (see website www.stencilco.com). If it is a Kodak product, how can he own the patent on it?
To put a nail on the head, STencilco just sold a territory to a company for sales rights in that territory and within 15 days, the company wanted their money back and Stecnilco will not return phone calls, will not return money, and have already spent all the money paying off old debt. This is very similar to a Ponzi Scheme. Not one sales person in the Stencilco organization's history has received has received one dime in commission (and there have only been a few out of over 50 that have even sold one product). Stencilco is a complete and utter scam.