• Report: #190005

Complaint Review: National Medical Foundation For Asset Protection, National Dental Foundation For Asset Protection

  • Submitted: Thu, May 04, 2006
  • Updated: Fri, May 05, 2006

  • Reported By:Jackson Hole Wyoming
National Medical Foundation For Asset Protection, National Dental Foundation For Asset Protection
2230 North University Parkway Bldg. #2-C Provo, Utah U.S.A.

National Medical Foundation For Asset Protection, National Dental Foundation For Asset Protection seminar ripoff Provo Utah

*Consumer Comment: Asset Protection Summit

*Author of original report: National Medical Foundation for Asset Protection, National Dental Foundation for Asset Protection

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Either Dale West, G.K. Mangelson, or one of a few others may deliver the presentation. The company was founded by one Jay Mitton. Following the seminar where you are convinced that you can become totally immune from lawsuits, there is a high-pressure "buy now or miss out on a huge discount" sales pitch and a rush to the back of the room to buy an attractive leather attache of fill-in-the-blank documents and software so you can set up your practice as a C-corp with all the important modifications to avoid any legal loopholes. I don't know if their materials are legit or b.s., but they claim that their strategy will work, and has been tested, in all 50 states.

The presentation is very convincing, and I feel like I must have been brainwashed to want to fork over thousands of dollars for a one-size-fits-all entity plan. Fortunately, I am only a resident and did not have the $ to do it at the time.

Since attending this presentation, I have become very interested in scams of various types. For a really good description of the tactics used in this seminar, read a review of a "real estate guru" seminar by John T. Reed - if you then attend a National Medical/Dental Foundation seminar, you will see the obvious parallels:

They really want you to buy the materials there, and if you don't, well...you'll have to pay the "regular" price, at a couple thousand $ more. What a sham! They know that if you have a chance to talk to any accountant or lawyer, you'll get a wake-up call and return to Earth.

Anyway, if you are registered for an upcoming medical or dental conference, and these guys present at the host hotel (claiming that they were "invited" to come by the organizers of the conference...riiiight), by all means go and be entertained. They'll probably even give you a gift card for attending. Then, warn your colleagues about this and let's put these people out of business!

Rick
Jackson Hole, Wyoming
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 05/04/2006 02:53 PM and is a permanent record located here: http://www.ripoffreport.com/r/National-Medical-Foundation-For-Asset-Protection-National-Dental-Foundation-For-Asset-Protection/Provo-Utah-84604/National-Medical-Foundation-For-Asset-Protection-National-Dental-Foundation-For-Asset-P-190005. 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

Asset Protection Summit

AUTHOR: 1timer - ()

I had a differing experience from the original report as I found this seminar to be informative, helpful, and in my view, certainly worth the money as my expectations were more than met.

The speakers were well versed and passionate: 
Joey Miller added candor and fundamental insight of the current market-place ... totally killer.
GK Mangelson's teaching was clear, concise, & very actionable.  He went out of his way (especially at the end) to mention (in detail) that protection will vary state-to-state AND that the law is not black & white ... it is very changeable & gray.
Scott Estill's information & insight into how the IRS perceives things was quite a bit better & useable than I expected.
The battery of lawyers that was available never tried to sell me anything - they were only there to help set up business strategies.  I felt zero pressure to buy anything ... and (in fact) did not buy anything - although, I did subscribe to the ABA Group's free newsletter.

Don Pendleton displayed only genuine concern and commitment to helping all attendees.  He went out of his way to NOT hard-sell anything. 

I would heartily recommend this course to anyone that wants to stretch themselves ... especially high-school & college students.
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#2 Author of original report

National Medical Foundation for Asset Protection, National Dental Foundation for Asset Protection

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

The internet address was deleted from my report per RipOffReport policy. To clarify, John T. Reed is the author of an online article about someone using similar tactics with high-pressure seminars. To get to the article, cut and paste the following phrase into your Google toolbar "the main way Russ Whitney makes money"
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