• Report: #72913

Complaint Review: World Traders Association

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  • Submitted: Mon, November 24, 2003
  • Updated: Sat, April 24, 2004

  • Reported By:Gary Indiana
World Traders Association
500 North Rainbow Blvd. Suite 300 Las Vegas, Nevada U.S.A.

World Traders Association Ripoff! I have lost my entire life savings and want a refund. Las Vegas Nevada

*Consumer Suggestion: Unreasonable People are hurting WTA

*REBUTTAL Individual responds: WTA is not what is seems

*Consumer Suggestion: Don't get ripoff by a bogus opportunity of World Traders Association and International Merchandise Group(IMG).

*REBUTTAL Individual responds: Harry- I will Take you up on your offer

*UPDATE Employee: the people whom post on your site are either bogus or unreasonable

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This company is indeed a rip-off, absolutely no question about it. I have lost my entire life savings trying to make it work and now am left with nothing. I am curious to learn if we as members are entitled to our money back, or if anyone has had any luck with getting a refund. Also, has anyone contacted a lawyer to see if we have a good court case? Please reply to (e-mail address removed by ripoffreport - please reply by clicking on rebuttal button) with any information.

Thanks

-Steve

Steve
Miles, Mississippi
U.S.A.

Click here to see why we deleted either a phone number, link or e-mail address from this report.

This report was posted on Ripoff Report on 11/24/2003 09:03 AM and is a permanent record located here: http://www.ripoffreport.com/r/World-Traders-Association/Las-Vegas-Nevada-89107/World-Traders-Association-Ripoff-I-have-lost-my-entire-life-savings-and-want-a-refund-La-72913. 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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REBUTTALS & REPLIES:
0Author 3Consumer 2Employee/Owner
Updates & Rebuttals

#1 Consumer Suggestion

Unreasonable People are hurting WTA

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

This is the problem, many of the people complaining on this site are lazy and when they went into business with WTA thinking that they will become millionaires over night. Well, that is not the case. WTA is not a get rich overnight business. Just look at Jonathan, he mentioned that he is doing great because because he is actually putting some time in to it. Also, many people fail miserable because they do not follow the business model. Look at Millicent, she wrote about WTA and latter confessed that her failure was due to her own frustration! Even Richard an Employee at WTA said that there are only about 5 unhappy agents. And to me that is a FANTASTIC ratio. Another lie that is out there is WTA shut its doors in California. If that is the case then why isn't there phone disconnected? You see it is all falsehoods by a few which is causing WTA to lose their good name in the community. I suggest you lazy people that are crying and expecting a hand out to actual put some time and effort into your business. I also suggest stop writing negative comments about WTA. Because if you are a real member you know that WTA reserves the right to sue you for slander (READ YOUR CONTRACT!). Remember to look in the mirror first!

Richard, Hamilton
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#2 REBUTTAL Individual responds

WTA is not what is seems

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

I bought into WTA for almost $7,000 and they were supposed to train me. Most of the training was verbatim from the workbook they sent. All the books with names of companies was so old, they had addresses from the World Trade Center in them. Some had no web sites or anyway to contact them. When I did order something from their website, there was no response. Now I can't even get to the website. They haven't sent a letter or anything telling me what is going on. Don't buy this!
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#3 Consumer Suggestion

Don't get ripoff by a bogus opportunity of World Traders Association and International Merchandise Group(IMG).

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

World Traders Association(WTA) in CA was busted and shutdown by CA attorney general and the company registeration revoked after numerous complains from public for fraud and breaking of state laws and policy. Now WTA re-open with a different name called International Merchandise Group(IMG) and beginning to ripoff the Americans again.

Already the internet is littered with numerous complains of frauds by WTA and IMG from all over the US states. These 2 companies run a biggest internet scam by looting the Americans with a phony business opportunity. Once they take your money, they will show you a phony list of items as a gimmick and then they will tell you "GOOD LUCK". If you ask your money back they will point at you a middle finger. I have many friends and business partners who were cheated by WTA and IMG. Check with better business bureau. Many people are after these companies and they are being sued from left and right. They are simply a ripoff king.

When WTA registeration was revoked on May 2003, by law, WTA must notify all members and offer to settle with each and every members. Instead, they quietly dump all members (over 500 investers) and open a new company, IMG, in a different in Colorado, persumeably, they can get away with this. But now you have busted for your act WTA!!!

We are notifying this matter to the CA, NV and CO attorney general office. You will be dealt in the court of law. All members who have lost thier investment fee of $6950 should report to CA, NV and CO state attorney general as well as attorney general in your own state. This company will be prosecuted to full extend of the law.
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#4 REBUTTAL Individual responds

Harry- I will Take you up on your offer

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

Ok Harry, Lets see how true you are to your
word. I am going to email your company and try to get a settlement since I am very dissatisfied being affiliated with you and your company.


Thank you,

from Zissis International
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#5 UPDATE Employee

the people whom post on your site are either bogus or unreasonable

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

Message from World Traders Association

Dear Ripoff Report,

We affirm that we had 20-25 members that were unhappy with our services, for varies reasons , over the past 7 years. Considering that we have been in business since 1996, that is an average of 3 members a year. We have either given settlements and offered mediation or arbitration in the state the member resides. If you are an unhappy member, please contact me to discuss these options. We are not able to list email addresses, but any real members will have our corporate email already.

Thank you for your time,
Harry Fisher

FYI - It is obvious to us that with the options we give, the people whom post on your site are either bogus or unreasonable.
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