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Report: #11330

Complaint Review: Entrepreneur Expansion Corp. - St. Catherines Ontario

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  • Reported By: Slave Lake AB
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  • Entrepreneur Expansion Corp. 261 Martindale Road, Unit 14 A St. Catherines, Ontario U.S.A.

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Attended a Franchise Opportunity Show sponsored by the Chamber of Commerce in Edmonton, Alberta.

One franchise we were interested in, was the purchase of bank machines. Talked to the sales rep for Enterprenuer Expansion Corp. We took some information about the opportunity and the Sales Rep took our name and phone number. He called daily/weekly making promises about the venture. We were hesitant. He faxed a letter saying that if we put down a $5000.00 deposit it would be "100% refundable", if we decided not to invest or if we could not get financing."

We sent the $5000.00, but were unable to get financing. Then came the year long struggle to get our deposit back. This all started in the fall of 1999. For a year we went through the BBB talked to the President of the Company.

The President of the company claimed the $5000.00 went towards administrative costs and would not refund the money. He would not provide an explanation of the administrative costs. When we told him about the letter guaranteeing our 100% refund from the Sales Rep (who phoned incessantly and hounded us), he said the rep was not affiliated with company and made a misrepresented statement.

Finally, in contact with the Edmonton Chamber of Commerce, they stated that they do not check out the companies. The companies pay a fee to be in the show. So be very aware...research thoroughly, don't trust these sale representatives, don't send in any deposits. If anyne who reads this report has any suggestions on how we can get our $5000. back please let me know. Or if you have had any bad or good dealings with the company please give me some feedback. Thanks.

This report was posted on Ripoff Report on 01/12/2002 12:00 AM and is a permanent record located here: https://www.ripoffreport.com/reports/entrepreneur-expansion-corp/st-catherines-ontario-l2w-1a2/entrepreneur-expansion-corp-purchase-bank-machines-they-will-require-a-deposit-they-11330. 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. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
0Author
4Consumer
3Employee/Owner

#7 REBUTTAL Owner of company

Illegitmate - Fraudulent - Anonomous Rip Off Report Posting - No Response to date!!

AUTHOR: William - (Canada)

POSTED: Saturday, November 17, 2007

1. After Many Years, Several Audits, Multiple Inquiries, we inform Rip-off Report EDitor, and ALL that:

a) We have received NO response from this writer,

b) We have received NO response to our "Come forward and claim $5,000.00, with ID",

c) We have received No Details of ANYTHING remotely resembling a victim who has been harmed by our company (or an individual affiliated with our network) in the manner this "victim" alleges,

2. As a result of the facts, above, we find this posting Illegitimate, Fraudulent, Spiteful, Hateful, and without merit.

3. Further, even if this posting were a "Legitimate Posting", we are fundamentally unable to help, without identification of the alleged victim...(privately or publicly delivered), thus, WE REPEAT LINE 1, as above!

4. As a result of the facts, above, we respectfully request the EDitor of www.ripoffreport.com strike this posting from the web site based on facts that this posting is a "Fraudulent and Illegitimate Posting", or, in the alternative, explain to the public why this posting needs to continue to be posted on the World Wide Web.

Respectfully submitted,

EEC Group.

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#6 UPDATE Employee

Heather from Slave Lake - Suspected Dis-honest or illegitimate Posting

AUTHOR: William - (Canada)

POSTED: Friday, October 05, 2007

After 5 years and the first posting of this complaint on Rip Off Report in 1/12/2002 12:00:00 AM, We cannot confirm any "Heather from Slave Lake" exists as our client, (or potential client) or that this individual actually paid $5,000.00 to any one of our franchisees.

As a result of this fact, we are unable to provide any solutions, let alone communicate with this individual and we further suspect this posting is not an honest or legitimate posting.

Should whoever posted this complaint provide details of their claim and issues by getting in touch with any one of our franchisees, we would be more than willing to accomodate a legitimate solution.

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#5 Consumer Comment

Bill Lougheed "You are a JOKE" I have been told that you have sold the same machines to more than one person, that you stole the money.

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

POSTED: Saturday, March 19, 2005

I contracted with EEC and Locadel in January of 2002. I was even promised in writing a basic income guarantee. I checked out all of your references. Even those that owned machines at the Blue Jay stadium. All reports were glowing, returns great. I gave you and Locadel a total of $75,000.

Then you would not take my calls, all correspondence was through a third party e-mail, and could not find my paperwork. I did finally receive a few checks, but the terms of the contract had changed considerably.

My costs had increased, the locations were not what was promised. NOW you have totally lost the machines and have no idea where they are. It seems you have gone on a trip to the UK to "find" them.

I have been told that you have sold the same machines to more than one person, that you stole the money. Oh yes, you even scammed the "Blue Jay" men that gave the great reference. Surprise!

You are still in business, still stealing money from trusting investors! Just change the name of your company and continue the scam.. Be a man Bill and give me my money back,.

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#4 REBUTTAL Owner of company

some franchisees, literally, creating miracles

AUTHOR: Bill - Compliance Officer - (Canada)

POSTED: Tuesday, January 06, 2004

Entrepreneur World Wide currently has many franchisees world wide, each of which have a vested interest in their own local businesses providing local sales and local services to those clients that we serve, some franchisees, literally, creating miracles in the communicaties they serve.

Where franchisees do not comply with the rules or, they attempt to circumvent processes by complaining aggressively, or publicly, we as a company have a choice to pay the fee requested by the non complying party and write these costs off as a marketing expense as many companies do,(called "hush money"), or solve the problem with a long term solution.

We have a mutually agreed upon and reasonably fair process for the resolution of our differences with any business partners, franchisees or clients with whom we deal. In addition to the regular cordial best practices we train our staff on, our franchise agreements have an automatic arbitration clause therein... "talk first, litigate or go public as a last resort"

We do not give in to "corporate terrorism". This simply deteriorates the well defined business ethics code we hold dear.

It is unfortunte that this web site is limited to hear say and provides no medium whatsoever to provide justice or justify the claims made by anonomous competitors (or clients - who really knows), resulting in a fantastic process to "terrorize a business", without having to demonstrate your identification, let alone the facts in the same public forum.

For more information on Entrepreneur Expansion World Wide and their Product Promise or any other of the leadership documents that we live and die by, or to have your business set up, "with or without a deposit", please feel free to contact me personally...

I care.

Entrepreneur Expansion World Wide

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#3 REBUTTAL Owner of company

all deposits we recieve are 100% refundable.

AUTHOR: Bill - ()

POSTED: Tuesday, November 19, 2002

At Entrepreneur Expansion Corp. we accept deposits for equipment,location rights and to engage sales representitves and consultants to work for an individual getting into the buisness as a franchise.

We are not in the deposit taking buisness and all deposits we recieve are 100% refundable.

Though I am unaware of the exact transaction,there has only been a few incidents where a client gave us a deposit, then found a better deal,or wanted to cancel.

In 100% of these situations our customer services division has given them a full refund.

We regard our systems as Quite user friendly and our aggrements clear and fair.

The timing and coordination on what we call an "Enterprise purchase" (Buisness Oppertunity) is quite rigourous and exact.
After taking a deposit on such a transaction, we traditionally do not deposit the money into our bank until at least 10 days has elapsed as a cooling period. During these 10 days, the client traditionally would recieve several phone calls,a President Pack (Letter fom the President with a copy of everything the client signed, an invoice for the services being purchased, a request for the balance of the funds owing against the total invoice, and a reciept for the deposits given, all followed up with a call from the President or his executive assistant) This non deposit policy adds credibility to the security of the deposit and reduces the amount of dishonored checks we recieve, plus it absolutley ensures a pleasurable process for new buisness owners just getting started with us.

After 10 days and only with a client's promise to send the remaining balanceto us do we deposit the client's deposit cheque to expidite the set up of the buisness.

Only then do our aggrements allow us to buy things on behalf of the client. At this time the deposit is converted into a purchase with an invoice. We pay commisions to sales agents, we purchase third party services of location specialists, contractors for phone lines, the equipment itself,plus much more. We further do the licensing, legals and accounting for a new enterprise set up, plus ensure all the data entry with the % of client profit splits agreed to, etc are in the financial system.

The services alone to coordinate an ATM Enterprise set up install are traditionally more than the deposit we recieve.
$5000.00 in services on a one to multi ATM roll out is modest. We only accept these deposits based on a promise of a client to do something, usually it is to send us the remaining money for all the other costs we will incur.

We also have a check and balance for those individuals who cannot get thier balance within 10-30 days, whereby, should it be disclosed that the client does not have all the money, our sales staff is trained to make the whole trasaction "conditional upon financing" quite similar to buying a house.

Our company is not perfect and I am prepaired to review any transaction that seems unfair.

I am also prepaired to defend our practices as I believe they hold a rigourously high standard compaired to any industry.

Bill Lougheed
President
Entrepreneur Expansion Corp.
(905) 984 9344

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#2 0

Unfortunately some of the things Canada is famous for are boiler room schemes, pyramid schemes and other investment cons.

AUTHOR: - ()

POSTED: Sunday, January 13, 2002

They filed the following to the above Rip-Off Report:

Their email: TheFraudChick@aol.com
Their name: The Fraud Chick

Their relationship to the company: Consumer Advocate Suggestion

Rebuttal:
Unfortunately some of the things Canada is famous for are boiler room schemes, pyramid schemes and other investment cons. It's not something they have pride in any more than we have pride in our Las Vegas boiler rooms.

Canadian fraudsters know that American victims don't know how to recover from them. They rely on us giving up or hope the victims take the route you did--The Better Business Bureau. The Better Business Bureau has no authority whatsoever. It's simply in the business of selling its emblem (seal of approval) to businesses and will provide a mediation service to consumers with complaints against a business. While the victim(s) dally
with the BBB the cons file for bankruptcy with all the pilfered dough.

I suggest you contact Sheppard Freeman with The Royal Canadian Police, 519-640-7309. You should send him all your information via FAX and request an investigation. Also, ask for all the necessary paperwork to file a complaint. If Freeman isn't available don't wait, give the complaint to the available investigator.

Then contact the fraudsters who took your money and tell them you've decided to get your money back. Let them know you've contacted the RCP, but don't tell them who. Tell them you've filed a complaint against them for Investment Fraud and that you believe the whole thing was a scheme to defraud people of their savings.

If you'd like to "double up" then you can also file a complaint with the Canadian Consumer Affairs Division at http://www.ccr.gov.on.ca. That is the web site for the Ontario division. They will be very helpful as well.

Good Luck
The Fraud Chick

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#1 0

AUTHOR: - ()

POSTED: Saturday, January 12, 2002
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