• Report: #242114

Complaint Review: Russ Whitney, Building Wealth

  • Submitted: Tue, April 03, 2007
  • Updated: Fri, July 27, 2012

  • Reported By:moon township Pennsylvania
Russ Whitney, Building Wealth
1612 East Cape Coral Parkway Cape Coral, Florida U.S.A.

Russ Whitney, Building Wealth,whitney Education Group SCAM !!! I paid $995.00 and three days of my time to be told that I needed to spend more money. Cape Coral Florida

*UPDATE EX-employee responds: Free Real Estate Seminars

*UPDATE EX-employee responds: Hey,Sue the speaker

*Consumer Comment: You are one of the smart ones

*Author of original report: can i get my money back ?

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On feburary 5th 2007 I attended a free seminar on real estate investing only to be told that I needed to spend $995.00 to attend a three day workshop on real estate investing. I accepted the offer and paid with a credit card.

On March 2nd 3rd and 4th I attened the work shop only to find out that this so called work shop was another promotional attempt to educate me at the Wealth Intelligence Academy in Florida at a cost of up to $75,000.00.

I started to see a pattern. I paid $995.00 for the opportunity to get suckered into spending even more money when no service was provided in the first place.

That's an expensive three days only to walk away with nothing.

I wonder what I get for $75,000.00 ?

I don't understand how one SCAM after the next can be legal.I am sure that if it were I that were "SCAMING" the "company" I would be facing a fine and/or jail time. What do you think??

moon township, Pennsylvania

This report was posted on Ripoff Report on 04/03/2007 09:19 AM and is a permanent record located here: http://www.ripoffreport.com/r/Russ-Whitney-Building-Wealth/Cape-Coral-Florida-33904/Russ-Whitney-Building-Wealthwhitney-Education-Group-SCAM-I-paid-99500-and-three-da-242114. 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 UPDATE EX-employee responds

Free Real Estate Seminars

AUTHOR: LifeWealth Alliance - (United States of America)

Let me begin by saying that I worked for the Whitney Education Group/Tigrent/Rich Dad company for many years in the accounting department.  I would like to preface that although there are several students on these blogs that felt the company "scammed" them, they represent less than 1% of all students in the program; If ANYONE knows the numbers it is me, I managed the receivables department (which included refund and chargeback management).  The trainings themselves are actually very educational, informative and useful.  Often it is lack of a continuing desire or passion on the part of the student, beyond the hype and excitement that drives a buying a decision after a well-done presentation, that causes failure and subsequent disappointment.  Many students, dedicated to their training, found great success with the tools provided at the seminars.

It is important to understand that everything evolves, and the model for selling advanced training in real estate education was developed many years ago, with the primary goal of helping the average entrepreneur have the confidence and ability to begin a new quest for financial independence.  All schools and businesses incur expenses in order to deliver their product or service.  You would not expect Harvard to hand out degrees in law for nothing, so why would someone expect to receive valuable knowledge in real estate education without an investment?  Even if they did, most people would consider them worthless.  You get what you pay for, usually...

The good news is that times have changed and so has the market.  So the model that worked for many years, and that many others have copied (such as Armando Montelongo ), simply does not work any more.  Russ Whitney has always held a deep desire to help others, therefore he has made his newly recorded advanced video real estate trainings available to the masses for less than the price of a cup of coffee per day at LifeWealth Alliance.  This company is dedicated to assisting entrepreneurs in ANY field, find success with timeless wisdom, principles and strategies.

As for obtaining refunds for products and or services purchased - if you truly believe that you did not receive what was promised by any company, or you haven't received the products or services you purchased, than you have every right to contact your credit card company if a company fails to respond to your request for a refund.  In this particular case, the contract does state that you have three days to cancel but the credit card transaction, under Visa/MasterCard guidelines has not been completed until the goods or services have been exchanged.  The proper terms to utilize when speaking with your card provider are "goods and services not as described" or "did not receive merchandise or service".  I always suggest you begin your dispute with "refund not processed" and if that chargeback attempt fails, then proceed with a second dispute with which ever reason in the preceding sentence most closely identifies your particular situation.  A second chargeback almost always secures a refund, believe me I know. 

If you paid by check or cash and feel strongly that you did not receive what was promised, then the State Attorney General and the BBB may be your only avenues for redemption.  Persistence pays off if you are willing to go the extra mile.

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#2 UPDATE EX-employee responds

Hey,Sue the speaker

AUTHOR: Charles Nelson Rielly - (U.S.A.)

Look, while you are all writting about how mad you all are at a company , why the heck do you not go after the speaker of your seminar??????? You know what, you can easier than going after the company. Note very few if not all speakers are investers and they can not prove it in a court of law. How do I know? I was one for two months.
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#3 Consumer Comment

You are one of the smart ones

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

So you spent 995.00 on a worthless seminar. If you read the other posts about Whitney, or others like John Beck there may be some ideas about how to go about getting your money back. The reason many people get suckered in to spending more is that they usually have extremely polished sociopathic speakers at these seminars, and many people justify spending additional money because they tell themselves that they already have 995.00 invested so they will spend more. Whitney and fellow psycopaths are counting on this mindset. You are one of the smart ones who walked and saw through this total crap.
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#4 Author of original report

can i get my money back ?

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

I have heard of people that have used their credit card to pay for the RUSS WHITNEY scam and received a refund by contacting their credit card company and disputing the charges ,but when I tried this I was told that the charges on my CITIBANK account were valid "BECAUSE" per student agreement I had 3 days from the date of sale to cancel (the seminar was a Month away from the date of sale) What kind of joke is this ?? what good is the 3 days. How do I get my money back ?
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