• Report: #132492

Complaint Review: IMergent Storesonline

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  • Submitted: Wed, February 23, 2005
  • Updated: Wed, March 02, 2005

  • Reported By:Fresno California
IMergent Storesonline
754 E. Technology Avenue Orem, Utah U.S.A.

Storesonline Imergent State of Texas Lawsuit - File Now for your Refund. It's a ripoff! Orem Utah
Rip-Off Report Investigation: shows that StoresOnline & iMergent is fulfilling its commitment to provide excellent customer service. Rip-off Report gives StoresOnline a POSITIVE rating in customer support and quality assurance. StoresOnline pledges to resolve complaints and address any issues from the past, present and in the future - committed to 100% satisfaction - whatever it takes say company executives.

*Consumer Comment: The FTC sting operation

*Consumer Comment: The FTC sting operation

*Consumer Comment: The FTC sting operation

*Consumer Comment: The FTC sting operation

*Consumer Suggestion: Paying $3,000 for $15 worth of software

*Consumer Suggestion: Texas Lawsuit Part of Bigger Sting by FTC

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The Attorney General of the State of Texas, Greg Abbott, has filed a petition on behalf of several plantiffs resident in that state who claim to have been ripped off by Imergent. If you'd like to have your name added to the list of plantiffs seeking reimbursement please contact:

Office of the Attorney General
PO Box 12548
Austin, TX 78711-2548

Main agency switchboard: (512) 463-2100

Consumer Protection Hotline: (800) 621-0508

Details of the lawsuit can be found here:

http://www.oag.state.tx.us/newspubs/releases/2005/022205imergentpop.pdf



Etwana
Fresno, California
U.S.A.

This report was posted on Ripoff Report on 02/23/2005 11:44 AM and is a permanent record located here: http://www.ripoffreport.com/r/IMergent-Storesonline/Orem-Utah-84097/Storesonline-Imergent-State-of-Texas-Lawsuit-File-Now-for-your-Refund-Its-a-ripoff-Or-132492. 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:
0Author 6Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

The FTC sting operation

AUTHOR: Shemonika - (U.S.A.)

I heard all about the Texas lawsuit, but I have a question? When is the FTC going to launch a full scale investigation about this company? I have complained to the FTC, but I was unable to get the status of the investigation. This type of fraud and credit gauging needs to be stopped because the state of Illinois needs more people to complain before anything can be done. ANYBODY IN THE STATE OF ILLINOIS THAT HAS BEEN RIPPED OFF BY THIS COMPANY NEEDS TO FILE A COMPLAINT WITH THE CONSUMER PROTECTION AGENCY.
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#2 Consumer Comment

The FTC sting operation

AUTHOR: Shemonika - (U.S.A.)

I heard all about the Texas lawsuit, but I have a question? When is the FTC going to launch a full scale investigation about this company? I have complained to the FTC, but I was unable to get the status of the investigation. This type of fraud and credit gauging needs to be stopped because the state of Illinois needs more people to complain before anything can be done. ANYBODY IN THE STATE OF ILLINOIS THAT HAS BEEN RIPPED OFF BY THIS COMPANY NEEDS TO FILE A COMPLAINT WITH THE CONSUMER PROTECTION AGENCY.
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#3 Consumer Comment

The FTC sting operation

AUTHOR: Shemonika - (U.S.A.)

I heard all about the Texas lawsuit, but I have a question? When is the FTC going to launch a full scale investigation about this company? I have complained to the FTC, but I was unable to get the status of the investigation. This type of fraud and credit gauging needs to be stopped because the state of Illinois needs more people to complain before anything can be done. ANYBODY IN THE STATE OF ILLINOIS THAT HAS BEEN RIPPED OFF BY THIS COMPANY NEEDS TO FILE A COMPLAINT WITH THE CONSUMER PROTECTION AGENCY.
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#4 Consumer Comment

The FTC sting operation

AUTHOR: Shemonika - (U.S.A.)

I heard all about the Texas lawsuit, but I have a question? When is the FTC going to launch a full scale investigation about this company? I have complained to the FTC, but I was unable to get the status of the investigation. This type of fraud and credit gauging needs to be stopped because the state of Illinois needs more people to complain before anything can be done. ANYBODY IN THE STATE OF ILLINOIS THAT HAS BEEN RIPPED OFF BY THIS COMPANY NEEDS TO FILE A COMPLAINT WITH THE CONSUMER PROTECTION AGENCY.
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#5 Consumer Suggestion

Paying $3,000 for $15 worth of software

AUTHOR: Etwana - (U.S.A.)

In response to the Texas lawsuit, iMergent held a press conference with First Albany (one of their big investors). This line from CEO Don Danks made me feel particularly ripped off:

"...it makes sense to then extend credit even to B credits, because the marginal expense of taking that credit risk is about $15 in software and documentation, discs and documentation versus the $500 down payment we get."

The 'down payment' is 33x Imergent's cost for the software!!

This downpayment usually represents 20% down. Then customers must 'finance' the balance at 18%. Finance what?, you may ask. Exactly. You're financing air. You've already paid for the software and documentation (or lack thereof) 33x over.

So to summarize, if you put $500 down on a Storesonline package costing $3000 and finance the rest over two years at 18%, you'll end up paying for the software 253 times.

And they include lunch and a business organizer! What a deal!!
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#6 Consumer Suggestion

Texas Lawsuit Part of Bigger Sting by FTC

AUTHOR: Etwana - (U.S.A.)

After I posted my original message, I discovered that the Petition filed by the State of Texas is actually part of a bigger national sting operation to take down 'work at home' scams.

More information can be found here:

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050222006274&newsLang=en

You'll notice Imergent proudly claiming spots 97 and 98.
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