ED Magedson – Founder
Daeus Financial Global Mentors, Supplier Source,LLC INTERNET FRAUD, SCAM internet UTAH
I wanted to set up a web based business. Went to Proeducation website. Paid $97.00 for info. Was billed another $110.95 for a video that I never saw (Webmarketing website) Was called and interviewed to see if I "qualified" for their mentoring program. Was "accepted" of course and paid $7095.00 to Global Mentors to be coached in the basics of finding a "niche" market and having a website built for me. A very sincere (sounding) coach began calling 1-2 times per week. He educated me on the basics of web marketing and had a website built using primarily text that I had provided. As soon as the coaching calls began, I was contacted by Daeus Financial who are joined at the hip (somehow) with Global Mentors. They convinced me that I needed to set up an LLC to keep my internet business separate from any personal liability. Thay said that all of the expenses I was incuring in setting up my internet business would be transferred to the LLC, be tax deductible and not affect my personal credit. For this "service" I paid $3,704.00, plus for another $900.00 they would do my taxes every year. I declined the tax offer, but was still billed the $900.00 on my credit card. I never received any of the services promised for the $3,704.00, a federal tax(EIN) number, etc. When I called to remind Daeus that I had declined the tax service, they acknowledged that I had and sent to me a form to receive credit. The wording on that form says that they would refund the $900.00, BUT that I would not pursue any further refund requests. Clever, so I am supposed to forfeit the $3,704.00? SCAM??? Next is the worst part of all. I still am kicking myself. Got a call from Supplier Source, LLC. For $12,500.00, a one time fee, I would get all the profit from the products sold from my website. I was told that Supplier Source has a special relationship with virtually any direct dropshipper so that I would receive the full difference between the wholesale cost and retail selling price of anything sold from my website. There supposedly are other types of dropshippers (Middleman and Post) that take 50%-90% of the profit. I have called Supplier Source and asked for a refund, again never receiving anything from them. I was offered a 25% refund and am waiting for an email refund form to "sign". Any bets it will have wording like the Daeus form? If I have added correctly, I have been charged a total of $24,496.95. I have disputed all of the charges with my credit card companies, will seek additional help to recover what I can and will send a copy of this report to the Utah Attorney General. Subsequent to all of the above I received a call from a company in New York who for $9,995.00 would take my website and "really" make it work, be one of the websites on the first 3 pages of any google search. They badmouthed the Utah companies, saying that they were under investigation by the Utah Attorney General. They, however were honest and would really help me. I declined. Bottom line - I hope this is read by anyone looking at an internet business and that others won't be victimized.
This report was posted on Ripoff Report on 08/14/2013 07:10 AM and is a permanent record located here: http://www.ripoffreport.com/reports/daeus-financial/internet-utah/daeus-financial-global-mentors-supplier-sourcellc-internet-fraud-scam-internet-utah-1075718. 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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