Armando Montelongo World Wide Inc.
239 Dalehurst, San Antonio, Texas
Internet 92866
United States of America
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Armando Montelongo World Wide Inc. Nick Vertucci Companies Ripped off by Armando and his friends. Internet
*REBUTTAL Owner of company: MR & MRS CHANGE OF MINDS !
1Author
1Consumer
0Employee/Owner
I want to be fair, Armando Montelongo has taught me so much, and has really helped change my life. However, I paid $40,000 to go to 4 different seminars, one of which was held in Riverside CA. During that seminar his first words were to trust him. He told us that he knew the responsibility his company held, and that we placed more than money in him, we placed our hopes and dreams. And he was correct. While at the seminar he got us really worked up, Buy! Buy! Buy! was the chant. "Millionairs make decisions when?", "NOW!", we would all reply. He kept us up until 2 -3AM every night, and pumped Club music into the room at super high volumes the entire time. He would teach a little, them party, then teach, then party. It never ended. I learned alot, and had alot of fun.
When you came out of the hall where Armando was teaching, there was an area that was covered by a giant black curtain. Inside that currtain were three companies, each set up at different tables. The first two companies I have no problem with so I will not name them, however the third company was owned by Nick Vertucci. Nick Vertucci handles all of Armando's cashflow lessons. He is most likely one of th greatest buy and hold real estate entrepenures that I have ever seen. I what he taught during the seminar was incredible. I really learned alot, I also really paid alot to get that knowledge. The stand that Nick had set up was covered in folders with pictures of different properties on them. Each on with a purchase price, and a the potential cash flow each property could potentialy make. One would think that it would be a conflict of intrest to sell real estate at a convention where the majority of the people came to learn how to flip, not purchase from a group of men that had just got us all for $40,000 each. I purchased two homes. To purchase you had to sign paperwork and then put $5000 down on the home. At the time they called the $5000 a cunsulting fee. I got home and found out that there were all kinds of hidden fees, and so I backed out of the first house immediatly, within about two weeks I backed out of the other. When I told them I wanted to back out, keeping in mind I never signed a purchase agreement, I signed something in California but never recieved a copy, NV Companies tried to make it seem like they were doing me a favor. I have the right to back out, and when I did, they told me that they were not going to refund my $10,000 cunsulting fee, they said they would keep it in case I wanted to purchase anymore property from them. I don't want any other homes, I want my damn money!! Armando Montelongo holds our hopes in a terrible economy, shame on you Armando, and shame on you Nick Vertucci. In the end I backed out because my disabled wife went into the hospital, and my 3 year old daughter, ridden with cancer is in and out 3 times a week. I am unemployed and trying to get this new company off the ground. I have enough problems, I don't need to be jerked around by a couple of millionaire bastards. You hold my hopes and dreams Armando? Well now what? You told me to trust you and your people and I did, and you robbed me. Armondo Montelongo does a good job educateing you to in real estate, but don't trust him as far as you can throw him. He will take every last dime and think nothing of it. To him it's only business. And Nick Vertucci is worse, he knew that everyone I loved was sick, and why I was backing out. He knew and just didn't even care. How very christian of you Nick.
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REBUTTALS & REPLIES:
1Author
1Consumer
0Employee/Owner
Updates & Rebuttals
#1 Consumer Comment
AUTHOR: Lucy - North Kingstown (United States of America)
SUBMITTED: Thursday, September 15, 2011
POSTED: Thursday, September 15, 2011
So, does anyone out there know of any class action lawsuit in process against this crook? He stole approx. $37K from me and I've been searching for a class action for the past 2 years. I am aware of Vertucci as well. Fortunately, I personally was not ripped off by him, but a friend of mine was - to the tune of over $800K! He has sought legal action on his own. I fought and lost through the credit card company because they didn't take action immediately when I reported the problem, but still I have been paying 19.99% interest on this bill for 2 years and it sickens me that he still even solicits me when he's in the area! These people sure aren't conscientious with the paperwork and tracking their many disgruntled customers. Please please please - if anyone out there knows of a class action, please advise. Thank you.
#2 Owner of Company
AUTHOR: Nick - Orange (United States of America)
SUBMITTED: Thursday, October 06, 2011
POSTED: Thursday, October 06, 2011
To whom it may concern.
I would like to address this post personally. My name is Nick Vertucci one of the two names that were slandered by this post. Let me start by saying I understand that there are many people in our country who do get ripped off. I also understand this is a forum for that. But I want to voice my displeasure with this system. There are no guidelines or proof required to post in here. You can simply log on and tear down someone unjustly. Remember folks there is always two sides of a situation. I plan to outline this post with facts as I know who posted it. I will post their names just as they did mine. My intention is not to be defensive or to slander this couple but to simply state the facts. I would hate to see any new potential students and or investors miss out on one of the best systems to investing in our nation due to someone’s incompetence and lack of knowledge in a business agreement.
On August 8th 2011 I met Bill and Dianne Robinson from Aston PA. As Bill mentioned they listened to me speak at a training event about cash flow properties. I want to thank Bill for his compliment in his post of being one of the greatest buy and hold investors in our nation. And as stated by Mr. Robinson, I am glad you learned a lot. The Robinson approached me during that weekend and expressed interest in buying two cash flow properties. We discussed in detail the properties, the system and the details of doing so. I spent a lot of time with them in the process and they wanted two properties that they handpicked. Now as many may or may not know in a business transaction especially a real estate transaction there is something called an earnest money deposit. They place a 5,000.00 EMD/ commitment fee per property. We have limited inventory and the Robinsons executed two agreements and two deposits and were very excited about their decision.
Our company continued to fulfill our obligations as the seller and in the process we received an email from Diane Robinson on August 31st informing our company (23 days later) that they would not be meeting their obligation in our agreement as the buyers and wanted out. She simply stated at the time that they changed their minds and had cold feet. My representative Andy Brown informed the Robinsons that their 5,000.00 per property would be forfeited per the signed agreement. The reason an earnest money deposit is collected is for this exact reason. Our company as the seller cannot sell the property to another buyer for any reason as the agreement protects the buyer from this. Same as the EMD/ agreement protects the seller from losing money and having the buyers back out for change of mind. Our company has carrying/money costs and have not been able to sell our inventory which effects our cash flow processes.
To be clear at the time and our company has emails to support this there was no mention of any medical or distress situations by the Robinsons. And to be clear that would not be a legal factor to unwind a real estate transaction regardless. But when the Robinsons became aware that their deposits were not being refunded then they did then inform our company of their personal issues. When my associate Andy Brown informed me of their plea I then agreed to not let the monies be forfeited and agreed to hold them for a later date for if and when the Robinsons decided it was a better time for them to execute the purchase of two properties. We have emails supporting how thankful the Robinsons were for us doing so. The were very appreciative at the time.
Recently I was at another event and a student informed me of this online slander which I had no idea was posted here until I looked for it. It didn’t take long for me to realize it was Bill and Diane Robinson but I was puzzled by this as I went the extra mile protecting their monies and not allowing the deposits to be completely defaulted. So my associate Andy Brown contacted Mr. Robinson who told him “ Yes well I thought about it and I changed my mind on how I feel about it “ Then proceeded to use foul language during the conversation. This was not a shock as it seems like Bill Robinson changes his mind on most everything he does or agrees to. As he mentions in the same rant that he chose to pay Armando his fee for the training and mentions how much he learned from him but now wants his money back and is slandering Armando as well.
In closing I hope this rebuttal helps make the point that this site which may help expose some real rip off artists also can serve as a forum that can taint the good name of many good people. You decide?
Our company will be filing a slander lawsuit against Bill and Diane Robinson for their unfair and non factual post. As you know reputation is really everything and we are all one mouse click away from reading or determining an opinion of someone. But it is a shame when the character of an individual is slandered and they are not worthy of the slander. This can cost them their reputation and livelihood in the process.
Respectfully Submitted,
Nick Vertucci
nick@nvcompanies.com P.s. The post below where some woman named Lucy piled on and posted she has a friend who was ripped off by me for 800k. Well that is the most absurd thing I have ever. Lucy my reputation is very important to me and my company will be contacting the website company and will be requesting your contact information so you can in fact provide any information or support to back up that careless post. Of course you will not be able to as it is not true. You will be added to the defamation/slander lawsuit as well.
