• Report: #457476

Complaint Review: Institute Of Commercial Real Estate, Cherif Medawar

  • Submitted: Mon, June 01, 2009
  • Updated: Tue, October 16, 2012

  • Reported By:Los Angeles California
Institute Of Commercial Real Estate, Cherif Medawar
www.icre.com Orlando, Florida U.S.A.

Institute Of Commercial Real Estate, Cherif Medawar FRAUDULENT CLAIMS, Will Take Your Money! Orlando Florida

*Consumer Comment: Your right

*Consumer Suggestion: Exciting

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This firm solicits sales from high pitched fevered "get rich in real estate" seminars that are offered for free at area hotels to lure in its victims. It counts on the customers not really understanding commercial real estate, nor the financing of to suggest wildly improbable claims of how to acquire properties and become wealthy.
The consumer gets caught up in a whirlwind of "exciting possibilities" and signs up for a seminar and year long course that is sold as a package that will train them from soup to nuts how to succeed in this field. Of course they are told, "Its up to YOU to do the deals" but we will give you the training to get there (the students never seem to actually get this information, just a lot of hot air). The contracts that they ask the victims to sign contain phrases which do not allow you to sue or dispute their claims. If you dispute through your credit card company, they WILL NOT be able to get your money back due the the watertight contracts this firm has legally drafted to leave them bullet proof. After you have taken the "real" 3 day training course and discovered that all they want to do in the 3 day training course, is sell you "Private Coaching" which is the real place where you will learn how to become wealthy. I feel bad that this firm ripped me off for 3,000 and I have no recourse. The training that they provide is just plausible enough at the beginning to make even reasonable people think-"Hey this is good!" Cherif Medawar is a master slick salesman, he was successful running another scam real estate "training course" for Robert (((REDACTED)))before launching his own. The firm regularly trolls all complaints online and eliminates them, or these pages would be lined with complaints. Further, this firm is owned by a disreputable firm in Orlando FL who hold and own other such seminar - training businesses where they prey upon those most eager to get ahead in life. (((REDACTED)))
George C.
Los Angeles, California
U.S.A.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

This report was posted on Ripoff Report on 06/01/2009 05:15 PM and is a permanent record located here: http://www.ripoffreport.com/r/Institute-Of-Commercial-Real-Estate-Cherif-Medawar/Orlando-Florida/Institute-Of-Commercial-Real-Estate-Cherif-Medawar-FRAUDULENT-CLAIMS-Will-Take-Your-Mone-457476. 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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#1 Consumer Comment

Your right

AUTHOR: share schuma - (USA)

You must be one of his friends. Because I meet Cherif at a Robert Allen seminar who has numerous complaints. He is a rip off artist!! and part of the Robert Allen Institute ripoff Company creates wealth with real estate seminars and promises Orlando Florida. Cherif learned from the best. My advice stay away from any of these seminars. He used to be a speaker for Robert Allen creating wealth. I call it creating lies and deception than putting money in there pockets! 
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#2 Consumer Suggestion

Exciting

AUTHOR: Barca12 - (United States of America)

God forbid that you get involved in a company that pitches "Exciting opportunities". I happen to agree with you that Commercial Real Estate Investing is really tough. That's probably why the people who are good at it, are really wealthy. Did you go to college? If so, how much would a commercial real estate class be? Probably $3,000 or more. Getting ripped off sucks, but I seriously doubt you got ripped off. It sounds like you ripped yourself off by quitting. But who knows - I took Cherif's CMREI class and have not been extremely successful, but made 5 figures on 1 deal ... so I'm happy...but I had to work my butt off to get that. Best of luck to you anyway.
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