• Report: #71242

Complaint Review: Trans Continental Talent / Wilhelmina Scouting Network/ Web Style Network

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Fri, November 07, 2003
  • Updated: Tue, November 18, 2003

  • Reported By:orlando Florida
Trans Continental Talent / Wilhelmina Scouting Network/ Web Style Network
1701 Park Center Drive Orlando, Florida U.S.A.

Trans Continental Talent/ Wilhelmina Scouting Network/ Web Style Network/ Merchantile & Harris Credit Cards (Carlos)/ Concord Merchant Processor ripoff a la Cortes Randell Securities & Exchange Commission notified, Lou Pearlman corruption machine, moved $2-4 million in fees from Fashion Rock Holidayfest Orlando Florida

*Consumer Comment: *Rip-off Undercover Report Investigation results in interesting twists in the Trans Continental Talent Investigation

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

Here is a letter I sent to Ms. Siegel of the SEC and Tim Barker of the Orlando Sentinel on Wednesday, November 05, 2003. I am making this public in hopes of encouraging the federal goverment into taking action. I passed this information to Rip-off Report which resulted in the information being used in the Fox news report of Options Talent Group filing for bankruptcy.
=======================================

To: tbarker@orlandosentinel.com; siegeld@sec.gov
Subject: TCT/WILHELMINA SCOUTING NETWORK dba WEBSTYLE NETWORK SCAMS

Gentlemen and Ms. Siegel,

In addition to the blatant CRIMINAL activity now taking place with the just recently 'bankrupted' Transcontinental Talent dba Wilhelmina Scouting Network dba Web Style Network...

Cort Randell, whom Ms. Siegel of the SEC is undoubtedly very familiar with, is back in the game with Lou Pearlman.

It had appeared that Cort, who has gone to jail twice for securities fraud, once with the infamous National Student Marketing in the 70s and again in the 80s, is the credit card guarantor on the new privately held Fashion Rock LLC, which Lou co-owns.

This company's credit card accounts are backed by Harris Credit and Mercantile Credit.

Essentially, the 4 have stripped all the money out of a PUBLIC company, WITHOUT BOARD APPROVAL obviously, and stuck it all in a privately held company they control. They have moved 2-4 million in fees for an upcoming model and actor convention called Fashion Rock Holidayfest, and the $19.95 a month fee that over 100,000 models and actors pay to be on their website

www.webstylenetwork.com

This money will go to pay the costs of the december convention, approx 1 million, and the rest will be kept for profit since they're bankrupting the company that provided the services. The only reason they will hold the convention is the credit card liability if 2000 models and their families charged back if the event didn't take place.

So Lou Pearlman, boy band impressario who has been sued dozens of times, and Cort Randell - twice convicted felon, are all in bed together- STRIPPING ALL THE MONEY FROM A PUBLIC COMPANY AND HIDING IT IN A PRIVATE ONE.

this is larceny of the highest order.

Lastly, the franchises (Ms. Siegel - Transcontinental Talent had 20 franchises close last month but there are still 40+ operating throughout the US and another 10 in China, Russia, ENgland and Australia) are being prevented from offering their service- they CANNOT sell the website to models and actors because they are not allowed to post their information on the site. Also, the company has not paid the franchises their royalties going on 3 months now.

This is fraud. Cort Randell apparently wants to thumb his nose at the SEC a 3rd time to see if you have the guts to send him to jail for the 3rd time in 4 decades.

so far everything I have told you - from the bankruptcy to Lou "resigning" has been correct. this is right too.

here it is in black and white - the chapter 7 filing - no attempt to save the company by filing chapter 11 of course - just close it down and run away with 4 million.
=========================================

EVERYONE SHOULD KNOW THAT FRANCHISEES ARE VICTIMS TOO.

Lou needs to answer the following:
1) what happens to all the stock options TCT's employees had- are they now worthless?

2) why are you not paying the franchises their 50% share of the monthly 19.95 billing from the over 100,000 customers on the website, especially if you say you never wanted to have anything to do with scouting, which is how 99% of them got onto the site.

3) are you really claiming that your attorneys did not know that the founder of the company, Cort Randell, was one of the most famous, high profile stock frauds in the 1970s - National Student Marketing - it was the Enron of the 1970s. That your ATTORNEYS could not find public information on the FTC website about Ralph Edward Bell? that they could not find PUBLIC information about Alec Defrawy?

Lou knows that half the company knew about Edward's FTC settlement LONG before the merger in September 2002. If half the company knew about it and Edward didn't hide it- in fact he talked openly about it and the mistakes he made, etc.- how could high priced attorneys not know?????

4) why are there still ads up on google and other sites soliciting models and actors? [Type in google.com and enter actor, actors, models, (you may have to hit the enter button a few times to get the ad to appear) but there is still WSN ads for models and actors.]

5) why do your marketing materials still talk about "all the successes we've found" when this company, Fashion Rock LLC is just starting operations now and has never 'found' anyone up to this date-

there is so much more... I will continue to report here. We will go get them. The new Lou Pearlman scam Fashion Rock LLC (the private company that stripped MILLIONS illegally from a public company which then had to declare bankruptcy) is now involved with Cort Randell - legendary fraud king who twice served prison sentences in the 70s and 80s for stock fraud and wire transfers.

Fashion Rock LLC's credit card merchant is Concord Merchant Processor, affiliated with First National Bank - please contact their risk management department and ask them if they know that Lou, who's been sued 100 times, and Cort, a twice convicted felon, are using their good name.

This fraud has got to stop. The franchise owners are victims as much as anyone - they have NO WAY to make money - the HQ hasn't paid them in months - they are being shut out.

Hopefully, between Rip-off Report and the Florida Attorney General you will be able to shut this down before Fashion Rock Holiday Fest.

I will continue to provide derrogatory information on the Lou Pearlman corruption machine in Orlando. For instance, the corruption of Mayor Buddy Dyer and various other city council members.

Finally, Harris Credit Cards is dirty. This part of the fraud is underwritten by Cort's good friend, Carlos @ 703-929-0054. It is time for Harris to clean up their act or go to jail with Cort.

Dave
Orlando, Florida
U.S.A.

Click here to read other Rip Off Reports on Wilhelmina

CLICK HERE to read about Credit Card Scams... find out how to get your money back. *Rip-off Report Investigation provides valuable information.

Click here to read other Rip Off Reports on Emodel

Click here to read other Rip Off Reports on Trans Continental Talent AKA Options Talent

This report was posted on Ripoff Report on 11/07/2003 01:57 AM and is a permanent record located here: http://www.ripoffreport.com/r/Trans-Continental-Talent-Wilhelmina-Scouting-Network-Web-Style-Network/Orlando-Florida-32835/Trans-Continental-Talent-Wilhelmina-Scouting-Network-Web-Style-Network-Merchantile-Ha-71242. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Trans Continental Talent / Wilhelmina Scouting Network/ Web Style Network

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

*Rip-off Undercover Report Investigation results in interesting twists in the Trans Continental Talent Investigation

AUTHOR: Frank Torelli - Investigative Reporter - (Canada)

This report turned out to be an excellent lead and this information is mostly correct. Carlos Gavidia is the Vice President of Universal Debt and Credit Corp and Carlos is reportedly a close friend of Cort Randell, convicted felon and known fraud architect. E-mail: carlosgavidia@UDCC.com, Phone: (703) 929-0054



Rip-off Report is now in possession of a taped phone conversation involving someone answering the above phone number and purporting to be Carlos Gavidia. In the taped phone call, Carlos said that he met with Lou Pearlman on November 10, 2003 in Orlando and that Lou showed him a videotape that he said Lou represented as an FBI surveillance video of the operator of the Website known as VAMS or and of one other person, who I assume was either myself or the EDitor-in-Chief of Rip-off Report, ED Magedson.



I will be posting a more thorough report on the results of our investigation, including part of the phone call, and let you know if Lou Pearlman is conducting unauthorized surveillance and criminally representing it as a federal investigation, or if Carlos is part of the conspiracy to hide this fraud and possibly in criminal violation of the Federal Credit Reporting Act.



We will be cooperating with State and Federal law enforcement as this is a very serious situation...

any way you cut it!
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.