• Report: #230756

Complaint Review: John Cummuta

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  • Submitted: Monday, January 15, 2007
  • Last Posting: Thursday, March 20, 2008
  • Reported By: — Oldsmar Florida
John Cummuta
http://www.transforming-debt-into-wealth.com Internet U.S.A.

John Cummuta Transforming Debt into Wealth (his own wealth) ripoff Internet


1Author 1Consumer 0Employee/Owner

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You should know that John Cummuta had a previous organization called "Debt-free and Properous Living". He sold the same program and training sessions, then left town and closed shop leaving many of us with unusable supplies and no options to get our money back. I was amazed to hear him again some 5 years later selling his program under another name bilking the consumer once again. The only one who really got wealthy is he and his family. I feel sorry for those folks who get suckered but now you've been warned. don't feed this phony organization any of your hard earned money. they just aren't worth it.

Eric
Oldsmar, Florida
U.S.A.

This report was posted on Ripoff Report on 1/15/2007 9:59:26 PM and is a permanent record located here: http://www.ripoffreport.com/credit-debt-services/john-cummuta/john-cummuta-transforming-debt-35y27.htm.

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#1 Consumer Comment

CUmmuta is a fraud

AUTHOR: Serge - Queens (U.S.A.)

SUBMITTED: Thursday, March 20, 2008

Cummuta along with other financial "guru's" out there are selling the idea that we should all be debt free including our mortgages. I totally agree with being free from consumer debt however a mortgage is a tool when properly used it can make you rich. Why on earth would anyone want to give additional payments to the bank each month when if you took those additional payments and invested them you will eventually generate enough wealth and liquidity to pay down your mortgage if you had to. You dont want to be completely debt free you want to be wealthly.
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