• Report: #87842

Complaint Review: National Audit Defense Network - NADN - Oryan Management - Success Matrix

  • Submitted: Thu, April 15, 2004
  • Updated: Tue, June 01, 2004

  • Reported By:Woodville Florida
National Audit Defense Network - NADN - Oryan Management - Success Matrix
4330 S Valley View Blvd, Suite 230 Las Vegas, Nevada U.S.A.

National Audit Defense Network, NADN, Oryan Management, Success Matrix Deceptive, Misleading, Mall Site is a Scam, There is only "one" mall site, the 100,000 sold are non-existent, DOJ News Release 4/14/2004, New York Times article Las Vegas Nevada

*Author of original report: Update NADN shutdown, Trustee appointed, Door Locks Changed

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We are submitting this report to enable ourselves to use the RipOffRevenge function. This started for us by my husband requesting 101 Tax Tips, We were called by NADN on 11/24/2003 and sold the idea that they could review our prior year tax report and get us more refund money, we put this $159.00 on our credit card.

Their reply said that we had done such a good job that they couldn't find anything.

On 12/1/2003, we were called and given the sales pitch for the MallForAll web site. We put the half the up front 1347.00 on our credit card and were assured the mall would be in operation by 12/31/2003 so that we could take the tax advantage of the tax deduction and the ADA tax credit.

On 12/26/2003 we paid the remaining 1348.00 up front money for the mall.

On 12/24/2003 Oryan called and sold us an advertising package for $500.00. This was put on our credit card. When we received the package it was nothing but a fancy binder telling us who to contact in our designated zip code for advertising and what it would cost. Amazing, what was the $500.00 for?

On 1/26/2004, NADN talked us into letting them do our 2003 taxes, because this involved "business" deductions, which we had no experience with, we agreed. $300.00 was put on our charge card for the 2003 Tax Preparation.

We filed our first Rip - Off Report on 3/3/2004, indicating that we too had been taken by NADN (report 82751).

On 3/4/2004, we filled a follow-up report indicating that we had called NADN and advised them to cease work on our 2003 return and to return the package to us(report 82859).

We filed a report on 3/23/2004 that a Bankruptcy hearing was being held in Las Vegas and that we had prepared a package for them with our dealings with NADN (report 82859).

Success Matrix contacted us on 3/9/2004 and a report of this contact was filed with Rip-Off Report (report 82979).

An email was sent to NADN and Oryan on 4/14/2004 with the DOJ news release attached. They were advised they had 30 days to refund our money (Mr. Davis at DOJ was copied on this email).

We have charged $3654.00 to our credit card and would like this credited to our credit card account. The Rip Off Revenge process will be started as soon as we receive the instruction guide.

Woodville, Florida

This report was posted on Ripoff Report on 04/15/2004 08:37 PM and is a permanent record located here: http://www.ripoffreport.com/r/National-Audit-Defense-Network-NADN-Oryan-Management-Success-Matrix/Las-Vegas-Nevada-89103/National-Audit-Defense-Network-NADN-Oryan-Management-Success-Matrix-Deceptive-Misleadi-87842. 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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Updates & Rebuttals

#1 Author of original report

Update NADN shutdown, Trustee appointed, Door Locks Changed

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

Today: May 28, 2004 at 11:25:10 PDT
Tax advice firm out of business

By Kevin Rademacher


Amid mounting legal battles, National Audit Defense Network has shut down -- leaving hundreds of Las Vegas employees out of work.
The Las Vegas-based company, which claimed to sell tax advice and audit services, ceased operations at 5 p.m. on Wednesday, said company President Weston Coolidge. NADN attorneys also filed a motion to convert its year-long Chapter 11 bankruptcy proceeding to a liquidation.

In a teleconference with attorneys Thursday, Bankruptcy Court Judge Lloyd King indicated that he would accept the company's motion.
With the moves, 265 employees were let go, Coolidge said. An additional 142 employees were laid off earlier this month.

"National Audit Defense Network is out of business," he said.
The bankruptcy case could be the last chapter in a series of problems involving the company. In 2002 both the Federal Trade Commission and the Nevada Attorney General's Office sued NADN, alleging it failed to honor moneyback guarantees. Those cases will continue to move forward, said Kathleen Delaney, a deputy Nevada attorney general.

Last summer, NADN's troubles mounted when it filed for bankruptcy protection. The largest creditor in the filing was the Internal Revenue Service, which had a $1.3 million claim against the company.

At that time, Coolidge blamed the bankruptcy filing not on the IRS claim but on a $1 million claim against the company by the Securities and Exchange Commission. He said the SEC's action was based on an investment NADN executives made in a company that later turned out to be running a Ponzi scheme.

The most recent legal entanglement came on April 14 when the IRS filed for a temporary restraining order against the company. Attorneys for the Department of Justice said NADN was engaged in running a tax scam and filing false federal income tax returns for customers, costing the government an estimated $324 million.
Coolidge said the decision to close the company was not related to a single event.
"There are lots of variables," he said. "It's the combination of things, which the company couldn't handle."

Delaney said Wednesday's closure of the company is "a victory for consumers."
She added, however, that the liquidation of the company could make it more difficult to recoup money lost by consumers.

"There are some very significant creditors," Delaney said. "The odds of (disgruntled consumers) being refunded in full are slim."

Even Davis, DOJ, confirmed that NADN opted for a Chapt. 7 procedure and the Federal Court named a Trustee, employees were sent home, computers were turned off and the locks on the doors were changed.

My husbad has contacted a Class Action firm in Chicago and inquired if they would be willing to file a class action for the web site owners.

Will keep you updated. ENCOURAGE all web site owners, look at your documentation, copy in into your My Documents folder for easy retrevial and the ability to attach to an email.

Tom & Dorothy have surrender this to the Lord and are praying for closure to this matter.

Coolidge said paying the final paychecks for the company's displaced employees will now be up to a court-appointed trustee.

"Hopefully there will be enough to pay everything that's owed to the employees," he said. "I can't guarantee that."

The move by NADN to liquidate the company comes less than a week after the IRS filed a motion to force the same action. Attorneys for the government in that filing said the company had mismanaged its bankruptcy case.

The IRS alleged, among other claims, that NADN made a series of dubious payments to company executives and insiders prior to and following the bankruptcy filing. The motion alleged the company made payment of a $400,000 loan to Coolidge just prior to the bankruptcy filing.
It also alleged the payment of $450,000 to the ex-wife of Robert Bennington, one of the company's founders, the payment of excessive sales commissions to managers and an unauthorized salary increase for Coolidge.

Coolidge said the efforts of both the state and federal government to pursue NADN were unfair.
"We have been totally harassed," he said. "If they don't like what you are doing they harass you until you go out of business."

Jonas Bowen, who handled national media operations for the company, was cleaning out his office Thursday morning. While he admitted that the company had probably made some marketing mistakes in the past, NADN was not operating a scam, Bowen insisted.

He said that while a few customers made complaints, "we never heard from the 90, 99 percent of our customers who were happy."
"The company did a lot of good," Bowen said. "Some of the criticism was deserved, but the main point is that the intent of NADN was always to provide assistance to taxpayers that couldn't otherwise afford a tax attorney."
With the closure of the company, Delaney said the true nature of the company might never be known.
"The key issue throughout our case and others was: Is there a core business that could survive without the alleged fraudulent activities," she said. "I'm not sure if that question will ever get answered."

Sylvia Campbell, chief executive of the Better Business Bureau of Southern Nevada, has tracked hundreds of complaints against NADN and had mixed emotions based on the number of employees who are out of work.

"Although it's really too bad that the company had to go out of business," she said, "I do believe there are a lot of customers out there that had not received the products or services they had paid for . I think this is a good thing."

Delaney said it will now take time to determine what is available in the company's bankruptcy estate in order to return money to creditors.
"The good news is that this is the end for NADN as far as contact with future customers," she said. "The bad news is we still have a long way to go."
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