ED Magedson – Founder
Premier Mentoring DBD Loral Langemeier14075 S. 172 E, Draper, Utah United States of America
After I had ordered a $.99 book called The Millionnaire Maker from Amazon.com, I received a phone call from Premier Mentoring telling me I had been chosen to become a part of Loral Langemeier's program. They gave me an hour-long sales pitch about all the wonderful things they could do for me, how I wouldn't have to invest a cent of my own money, and any tuition I paid they would guarantee to help me double within a year. They told me I needed to make a decision that day, and when I hesitated, they got upset, and pushed harder. Since I am 65, out of work, and with no good outlook for a job, I bit, and put $3680 on a credit card. They gave me three days to cancel after I had received all their materials. Later, I wanted to stop it, and called the credit card company (Bank of America) to have the charges reversed. They said only Premier Mentoring could do that, and I could only dispute the amount after it was billed.
When I received their materials on the 15th of February, I did not get everything I was supposed to have in a form I could use, so they sent out more. The 16th we had 30" of snow, and no mail delivery for several days. On Thursday we got more snow. No discs came. On the 22nd I called and told them I hadn't received all the material yet and wanted to cancel. They told me I was ineligible because it was after the three days and those materials didn't count. So I figured I had to go with it.
On March 2, they called to set up an LLC. They charged $1190 to set one up in VA - way more than I could have done via internet - but they said it covered all the charges that would come up. I know an LLC is good, so I bit. Two days later they called to set me up with their accounting team - I had a choice of $995 up front and $80/month, $1495 up front and $50/month, or $1995 up front and $30/month. I told them I had no more money and couldn't do that. They were pushy. I said NO. So they put me on hold. A week later I got a call from a Wendy from Nevada who wanted to set up my LLC. I told her I didn't want to do this.
The more I have read about, investigated, and thought about this company, the less I want to do business with them. All they want to do is get you into debt - use other people's money, take out a corporate loan, etc. They refuse to accept that I don't intend to ever get into debt that way. They keep insisting I call their counselors. Their counselors are not available when I am.
I just want to get out of this and get my money back!
This report was posted on Ripoff Report on 03/17/2010 10:20 AM and is a permanent record located here: http://www.ripoffreport.com/r/Premier-Mentoring-DBD-Loral-Langemeier/Draper-Utah-84020/Premier-Mentoring-DBD-Loral-Langemeier-Wealth-Foundation-They-scammed-me-out-of-nearly-50-582009. 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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