• Report: #90395

Complaint Review: WEI. Inc.

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  • Submitted: Thursday, May 06, 2004
  • Last Posting: Friday, January 09, 2009
  • Reported By:The Woodlands TX
WEI. Inc.
910 West Battlefield Springfield Missouri 65807 U.S.A.

WEI. Inc. Or W.E.I. Inc. Liars, Time Wasters with False Advertising about "working with them" by advertising in the Jobs Wanted sections of newspapers Springfield Missouri


1Author 2Consumer 0Employee/Owner

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The ads in the newspapers will read something like "Work with an invesment company finding foreclosure properties - $5000 finders fee or split profits 50/50" Well this sounded good so I called the telephone number and they made an "apppointment" and set a time for me to meet with a Mr. Ed Parker. I went to the "interview" where a Mr. Ed Parker passed out a rinky-dink copy of a "personality profile" test to "see if you have the right personality for this type of work".

After about 10 other people showed up for this "appointment" I began to get a little suspicious and sure enough Mr. Parker led everyone to another room where he will make his "pitch for a wonderful investment program where by you could get the "$5000 finders fee or split profits 50/50" IF YOU WOULD ONLY INVEST AS A "FINDER" A FEE OF $2527.67 OR BE A "MENTOR" FOR ONLY $8,027.67!

WOW! WHAT A DEAL! JUST GREAT FOR PEOPLE THAT THOUGHT THEY WERE GOING "WORK WITH US".

Not only that, but Mr. Parkers presentation was a re-hash of programs that are already available and have been for some time, (Carlton Sheets, Russ Whitney, and many other "real estate" gurus.) He made it sound like people that were in the foreclosure process are just waiting around for you to come and "save" their credit and you would only have to go to your local bank and ask for REO's and the bank president would greet you with open arms and just thank you for coming by and helping him get rid of all of his REO properties.... and at a huge discount too! Just so much BS if you have any idea about real estate investing.

Just another scam on the BAD BUSINESS BUREAU

The least they could do is tell you that there is an "INVESTMENT REQUIRED" so people won't waste their time thinking this a legitimate job offer.

Joe
The Woodlands, Texas
U.S.A.

This report was posted on Ripoff Report on 5/6/2004 6:27:57 AM and is a permanent record located here: http://www.ripoffreport.com/home-based-business/wei-inc/wei-inc-or-w-e-i-inc-liars-ewfea.htm. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
1Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

I'm impressed

AUTHOR: Rick - Rhome (U.S.A.)

I went to the seminar and heard the pitch. It was good enough for me and I went to the training - I just got back. I think Mr. Holder deserves someone to speak on his behalf instead of this person who didn't even go through the training. After going through the seminar, I am convinced this is the right business to be in and it's the right time. I am ordering business cards today. I have 2 neighborhoods targeted that I will drive and find out what is going on. On Tuesday the Records Clerk at the Courthouse is giving me a CD with all the foreclosures for this month. I have two Realtor friends that I am certain will help me with Comps and also with what and where the 3-2-2 houses, ranging from $80 to $150k, are selling etc. I can't wait to get started and I'm glad to have met Larry Holder and joined him.
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#2 Consumer Comment

I Disagree

AUTHOR: Bill - Dallas (U.S.A.)

I just got done taking this training and found Larry and his team to be very sincere and helpful. I'm new to real estate investing and they gave me the training and support I need. I can call them anytime and they'll help me. I just thought people should hear the other side of the coin.
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