Billionaire Bill Bartmanns, latest Company, Bill Bartmann Enterprises Inc generated revenues of $5.7 million in 2009 and is now listed as one of Americas 2010 fastest growing Companies.
Bill Bartmann offers what he claims to be a unique opportunity to partner with a billionaire and to take advantage of the current bank bailout crisis and make a fortune buying bad loans for pennies on the dollar.
Having read Bills book, Bailout Riches I was very attracted to this once in a life time opportunity.
I wanted to partner with Bill but I was worried that although it seemed like a no brainer, was it just too be good to be true?
I enrolled on his course at $12,500 and flew over to Palm Springs twice, for the two day and five day seminars in February 2010. I was then allowed entry into The Platinum Membership scheme and to partner with Bill. My total fees to Bartmann and my costs are now $51,000. [continued below]....
The seminars are very slick and Bill is a very engaging and persuasive speaker, but arent all good con men? The reality has been very different to all Bills promises. The quality of support I received from The Bartmann team was close to non-existent and he charges $1400 a month for this. But worse still I bought my first $20,000 box of loans in April 2010, having been promised within six months, a three to one return on my investment, expecting to collect $60,000.
Six months later I have only collected $290!
Finally to add insult to injury, I contacted Bill and expressed my disappointment and requested my losses be returned. Bartmann then threatened me with charges of extortion and threatened both myself and my lawyer with charges of conspiracy to extort him. I have invested my life savings of $51,000 dollars to partner with Bartmann and build my debt collection business. Bill Bartmann has let me down very badly.
My firm belief and the general grave concern is that the Bartmann formula for success does not exist and Bill Bartmann is continuing in full knowledge of this. He just doesnt care about people and he is taking substantial amounts of money in fees from ever increasing new recruits worldwide, and advising us to buy debt portfolios knowing that we will incur severe financial loss.
Bill Bartmann has previously been accused of criminal business activities and was indicted with 58 felony counts of fraud, conspiracy and money laundering in 1998 after his failed collections company CFS went into liquidation. His partner Jay Jones was convicted with a 3/12 year prison sentence and served a five year prison term. Bill Bartmann against overwhelming evidence charmed the jury and was narrowly acquitted.
A formal complaint requiring a full investigation has now been made, regarding Bill Bartmanns business practices to The Financial Fraud Enforcement Task Force.