- Report: #252209
Complaint Review: The Learning Annex - Bill Zanker - New York New York
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The Learning Annex - Bill Zanker
48 West 37th Street, 7th Floor New York, 10018 New York, U.S.A.
Phone:
212-371-0280
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William Zanker - The Learning Annex - Bill Zanker Ripoff Dishonest Business Partner Merger & Acquisitions Fraud Delinquent Accounts New York New York
I am a personal acquaintance of Bill Zanker. The company I worked for was a business partner of his, until recently. In March 2007 he was given a very large sum of money by APAX Partners to pursue strategic acquisitions. He promptly came to us with the announcement, adding that he wanted to form the largest seminar company in the world, and we began the merger process. After acquiring much of our Intellectual Property and proprietary information, Bill Zanker notified us BY FAX MACHINE that he was cancelling the merger. At this point he is still delinquent in repaying millions of dollars of contracted expenses, and it's probable that he is looking for another "business partner" to run under. I doubt we can recover what was taken from us, but I hope I can warn any future vendors or business partners from doing business with him.
Byron
Monrovia, California
U.S.A.
Byron
Monrovia, California
U.S.A.
1 Updates & Rebuttals
William
New York,New York,
U.S.A.
Why I didn't acquire
#2UPDATE Employee
Fri, June 15, 2007
I don't know who you are and I don't appreciate you slandering my name and reputation. Why don't you use a real name instead of hiding? To get the facts straight, I do want to build the largest seminar company in the world and I do have the support of APAX partners (a $20 billion dollar fund. google them) That is the only part that is true. I was looking to acquire the company I think you are referring to, but as a result of the due diligence process we found that the company was misrepresented by its owners. I have not taken any proprietary information (I know more about this industry then anyone else) nor do I owe any monies to you or your former employer. Just the opposite. Large Funds like APAX and real companies like The Learning Annex do not buy companies who don't have real numbers and in fact owe millions of dollars to people. Your former company's owners took money out for themselves and left everyone hanging. This is what our accountants and lawyers found out during the due diligence. I find it interesting that you try to blame me for the loss of your job and sad for you that you were not aware of how mismanaged your former employer was. (Or maybe you were part of the mismanagement?) I have been in the seminar business nearly 30 years. I have a 20 billion dollar fund supporting my vision. I do want to acquire seminar companies and The Learning Annex has bought companies in the past, but they need to have real numbers and true values.
