• Report: #921869

Complaint Review: Tradebank International Franchising

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  • Submitted: Fri, August 03, 2012
  • Updated: Fri, August 03, 2012

  • Reported By: Tradebank scam — Mareitta Georgia United States of America
Tradebank International Franchising
1000 Laval Blvd Lawrenceville, Georgia United States of America

Tradebank International Franchising Tradebank Franchising, Tradebank.com, 3dh, Todays shopping network, Barter Kings, City Buddy, MYCHOICe.com, Todd Gerry, John P. Davis, Rob Verkiak, James Bower, FRAUD, SCAM, VICTIMS, Limit your risk!, FTC COMPLAINTS, FDD VOLATIONS!!!! Lawrenceville, Georgia

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Tradebank International, Tradebank Franchising, Tradebank.com claims and Todd Gerry, "This is an opportunity that could change your life and your financial future drastically.

http://tradebank.com/

Tradebank International
1000 Laval Blvd
Lawrenceville, GA 30043
Phone: 678-533-7100  FAX: 678-533-7129  Toll Free: 888-568-5680

TGERRY@TRADEBANK.Com

JDAVIS@Tradebank.com

Lavonda Henry franchisee of Indy, I WAS JUST WONDERING IS TB MY HOBBY OR CAN WE ACTLY MAKE A LIVING DOING THIS?

Your Tradebank Franchise will provide you with instant income, as well as important residual income." If you are considering buying a franchise MAKE SURE YOU CALL ALL THE FRANCHISEE AND VERIFY ALL FINANCIAL BEFORE PURCHASING this "opportunity!" Because if you don`t it really will change your life.

John Lynch Franchisee Colorado Springs, If this is what Tradebank represents then its maybe me that needs to reevaluate Tradebank and being a Tradebank regional owner. [continued below]....
.....

The latest lawsuits against Tradebank International

Florida Barter Exchange, LLC v. Tradebank International, Inc. et al

http://dockets.justia.com/docket/florida/flmdce/6:2012cv01145/273916/

Case Number: 6:2012cv01145 Filed: July 24, 2012 Court: Florida Middle District Court Office: Orlando Office County: Orange jr.: Roy B. Dalton Referring Judge: Gregory J. Kelly Nature of Suit: Torts - Property - Other Fraud

Jon P. Winand and Catherine A. Winand V. Tradebank International Franchising Corporation (District Court of Travis County, Texas, Civil Action 09-00429, filed on February 10, 2009).

I have been gathering very detailed evidence about what appear to be serious misrepresentations by Tradebank (many other of its franchisees), both before and after entering into a franchise agreement. Tradebanks franchise disclosure documents and related marketing materials are filled with unusually strong and detailed statements about earnings potential, growth potential, and so on. And Tradebank made very specific and detailed representations to many if not all of there Franchisees, via e-mails which I has saved, about the number of clients Tradebank Denver had, the value of those clients, volume of business, growth prospects, and so on. Ill give you a few examples: At the time I signed the agreement with Todd Gerry,  Tradebanks marketing materials and disclosures touted the 70 markets that Tradebank was in. I have done a lot of research, and own Tradebank`s records show that of those 70 markets they were touting, 44(most of the 44 them had 3 members or less, some have 15 or less. Nobody in the trade industry would consider 3 participants to be an active or viable trade exchange of any kind. Given your clients position as a franchisor, I am confident this will be considered a material misrepresentation.Tradebank`s own records show they were knowingly making false representations on this point. Tradebank`s franchise materials touted prospective franchisees access to its international markets as well, particularly Canada. However, that until mid-2010 Tradebank prohibited U.S. franchisees from doing any trade business with Canadian franchisees.

The franchise materials make very aggressive growth forecasts, and my client was told that in part growth was assured because all Tradebank franchisees are required to enroll four new members or clients per month (or 48 per year). However, Tradebanks own records show that fully 70% of its franchises do not meet this growth requirement, and in fact most fall woefully short. A review of Tradebanks own records appears to show that a whole bunch of franchises havent signed up 48 new members, total, ever, even going back to 1994. Tradebanks franchise materials also stated that my client would have access to more than 11,000 clients. A review of Tradebanks own records appears to show that this claim is probably inaccurate by a large amount, the real figure is probably between 6,000 and 7,000 and thats not even addressing the fact that even at the lower number, a good deal of them would have been inactive or defunct clients. In fact there are only THREE FRANCHISEE making any real money. IF YOU ARE CONDERSIDING BUYING A FRANCHISE FROM TRADEBANK CALL ME FIRST. BETTER YET, CALL EVERY REGIONAL OWNER AND ASK TO SPEAK TO THEM OFF THE RECORD. ASK TODD GERRY and or JOHN DAVIS TO SEE AND PRODUCE THE RADMAN REPORTS. Tradebank international takes 40% of all the money, that the franchisee makes. PLUS the cost of the franchisee, which 35k and up.  Call me  4233312001.

Suggested former franchises you call. I have all their numbers if you would like them, (Ric Zampatti, Paul Felty, Dan Pentimone, Tony Bergino, Dan Wininger, Pam Chenault, Shea Bailey, Chip Winand..)

PRESIDENT TODD GERRY CLAIMS, the first two hurdles to acquiring a critical mass which is 20 and 50 total active clients. This business is designed to be a referral based business and once you have 50 active accounts, your efforts transition from heavy prospecting to referral acquisition. The next step, or hurdle, is 100 active accounts and it is all downhill from there. Most franchisee do not make it to 100 clients so this statement is true!!! It really is all down hill.

UNITED STATES FRANCHISES:

Anniston, AL Failed franchise (only 3 Clients)

Asheville, NC Failed franchise (only 12 clients)

Athens & NE, GA

Jo Wolpert Phone: 706-376-9074 Atlanta, GA

Ashby Green

Kyle Walters Phone: 770-953-9595  Atlanta Northwest, GA  Atlanta Southeast, GA

Jerry Holley  Phone: 770-847-9234

Auburn-Opelika Failed franchise

Austin, TX Failed franchise

Birmingham, AL

Paul Balducci  Phone: 205-746-6493

Bowling Green, KY

Brevard, FL Failed franchise

Charleston WV Failed franchise

Charlotte, NC

Sindo Mayor  Phone: 704-846-0585

Chattanooga, TN

Jurgen Mootz  Phone: 423-877-2202

Clarksville, TN only 20 clients

Mark Caldwell  Phone: 615-860-4060  Colorado Springs, CO

John Lynch If this is what Tradebank represents then its maybe me that needs to reevaluate Tradebank and being a Tradebank regional owner.

Phone: 303-693-8496  Columbus, GA

Denver, CO sold, resold twice (losing money)

Jim Piper

Uriah Werner  Phone: 720-440-2265

John M Powell, there is/was no Tradebank activity in Colorado Springs, b) corporate handling of the franchise in Denver was pathetic. There's also a bit of a bad taste in my mouth over how corporate dealt with the previous owners of the Denver franchise. It was handled very poorly, and in my opinion (both by simple observance and in discussing it more with Aubyn), the Denver group shrunk quite a bit because of their sloppy decisions and non-existent follow through.

Dublin, GA Failed franchise (only 8 clients)

East Central Florida, FL Failed franchise (only 9 Clients)

Eastern Wisconsin, WI Failed franchise (2 Clients)

Florence, SC Failed franchise (ZERO CLIENTS)

Gadsden, AL (losing money)

Greensboro, NC Failed franchise (only 2 clients)

Greenville, SC

Brian Smith  Phone: 864-287-4637

Hopkinsville, KY Failed franchise (ZERO CLIENTS)

Houston, TX Failed franchise (1 client)

Huntsville / Decatur, AL Failed franchise

Paul Balducci  Phone: 205-746-6493

Indianapolis, IN (losing money third year)

Lavonda Henry I WAS JUST WONDERING IS TB MY HOBBY OR CAN WE ACTLY MAKE A LIVING DOING THIS?

Phone: 317-819-8355

Kansas City, MO Failed franchise (12 Clients)

Knoxville, TN

Marc Davis  Phone: 865-531-1822

Lake-Sumter Failed franchise (ZERO CLIENTS)

Brian and Demaree Walker  Phone: 352-353-2700

Las Vegas, NV (10 clients)

Carita Strawn  Phone:702-425-2676

Lawrence, KS Failed franchise (ZERO CLIENTS)

Louisville, KY

Roger Williams  Phone: 502-413-6968  Memphis, TN

Tom Smith  Phone: 901-323-0133  Middle Georgia, GA

Maureen Edwards  Phone: 478-654-6624

Mississippi Failed franchise (2 CLIENTS)

Mobile, AL (losing money)

Tim Symmonds  Phone: 251-285-3333

Montgomery, AL Failed franchise (9 Clients)

Nashville, TN

Mark Caldwell  Phone: 615-860-4060

New Braunfels, TX Failed franchise (11 Clients)

NW Arkansas Failed franchise (29)

Oklahoma City, OK Failed franchise (10 Clients)

Andrew Muchmore  Phone: 405-315-7455  Omaha, NE

Matthew & Aubyn Fowler  Phone: 402-504-3493

Orlando, FL Franchisee suing TB

Tait Carson  Phone: 407-251-0980

Panama City, FL (12 clients) Losing money

Steve Watson  Phone: 850-399-1046

Raleigh, NC Failed franchise (ONLY 3 clients)

Rockhill, SC (ONLY 2 Clients)

San Antonio, TX Failed franchise (ONLY 4 clients)

Savannah, GA Failed franchise (11 clients)

Southwest Georgia, GA Failed franchise (10 clients)

Spartanburg, SC Failed franchise (only 4 clients)

Tallahassee, FL Failed franchise (only 4 clients)

Tampa Bay, FL Failed franchise (only 14 clients)

Topeka, KS

Dominick Baumgartner  Phone: 785-207-2380  Tri-Cities, TN

Mark Willis  Phone: 423-773-6887

Tuscaloosa, AL Failed franchise

Upper Cumberland, TN Failed franchise (ZERO CLIENTs)

West Michigan Failed franchise (only 9 clients)

THE FRANCHISES ARE NOT THE ONLY VICTIMS IN THIS SCAM>>>>>>the client who get left behind are also impacted!!

It only takes one client in an area to expand the business, Gerry said.

There is a lot of prospecting involved in getting the first 50 clients, but after 50, it becomes a business based on referrals, he explained.

Youre building a micro-economy that is like an engine, Gerry said. Its a business that will continue to generate money through network referrals.


ITEX, IMS, TODD GERRY, JOHN P. DAVIS, MARCY YAFFE, TRADEBANC, city buddy, golden mine gem channel, todays shopping network, 3DH, James Bower, Rob Verkiak, etrade , FDD Complaints, FTC COMPLAINTS 


This report was posted on Ripoff Report on 08/03/2012 06:39 AM and is a permanent record located here: http://www.ripoffreport.com/r/Tradebank-International-Franchising/Lawrenceville-Georgia-30043/Tradebank-International-Franchising-Tradebank-Franchising-Tradebankcom-3dh-Todays-shop-921869. 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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