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Report: #254380

Complaint Review: John Jennings - National Investment Corporation - Beverly Hills California

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  • Reported By: Los Angeles California
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  • John Jennings - National Investment Corporation None. Just A Rented Mail Box In Beverly Hills, CA Beverly Hills, California U.S.A.

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I signed up with John Jennings ( owner of National Investment Corporation )and paid $10,000 cash to be fully mentored for 1 year, about everything in Real Estate; pre-foreclosures / foreclosure deals, with 0 Down, No Credit required and 50/50 partnership on every deal he brings.

He was HIGHLY and AGGRESSIVELY promoted and introduced to members of REINCLUB by Mr Larry Loik, President of Real Estate Investment Network Club AKA REINCLUB ( they are located in Thousand Oaks, California).

I had paid $690.00 for 1 year membership at REINCLUB.
We were shown pictures of John Jennings standing next to a convertible Mercedes, wearing suit and tie with dark glasses etc. All this to convince us how successful he was in real estate. Later on, he told me personally that he own or owened a Hummer also !!!

I have yet to see a Mercedes or a Hummer.

He always meet people at this particular coffee shop, around the corner from his apartment next to his mailbox address that he uses as if it is a business address.
This guy talks at the speed of lightning and has nothing to show for it.

Yet, I was so convinced by the presentation that, right after the presentation, I signed up and handed a $10,000 check to Mr Larry Loik (reinclub president ) who introduced/promoted John Jennings. This was on
7-15-06.

Today, it's 6-13-07 and I never got any mentoring and got not a single deal.

Any deal that he offered me, I had to come up with $50,000 down minimum and had to run my credit report or my wife's credit report each time and/or he wants me to lend money to someone facing foreclosure etc.. They were all worthless deals.

Finally, back in April of 2007, I sent John Jennings and Larry Loik several emails requesting for a full refund or meet with an arbitrator to settle the matter once and for all but, both of them declined.

Larry Loik maintains that he was nothing more than a promoter and was only paid by John Jennings $2,000 out of the $10,000 that I handed to Larry....

How can he be a promoter when he is the president of a real estate investment network club and charges $690.00 membership fee ?

John Jennings told me straight forward that he doesn't even have that kind of money. At first he said that he only received from Larry Loik $2,000. Then he admitted that he received $8,000. He then said he can't afford to pay me back because, he does not have any money.

He does not have a car nor an office. He works out of his apartment.

I always have to meet him at a coffee shop near his apartment, where his mail box is also located. We always have to use my car and gas.

Originally, he said he is from San Antonio, Texas. Then I found out he was in Arizona under a business AKA Allforeclosure, which someone lost their house to foreclosure due to his alleged false promise stating that he will help them avoid foreclosure; ( read on Ripoff Report )

He still maintains a website under Allforeclosure in Arizona. He shows on his website the usual picture, sitting in a convertible MBZ !!! Now, he is in the Los Angeles area as mentor / investor and ....... fill in the blank !!!

My story goes beyond this but, bottom line; think twice before getting involved with these people. I know there are more people that have been ripped-off by these people. It's a matter of time before they come out and sue them.

My intention is to find as many people and turn this into a classaction suit. For now I am going to file a lawsuit by myself, I'd rather not say anymore. National Investment Corporation and Real Estate Investment Network Club will here from me very soon. Just beware.

Teff
Los Angeles, California
U.S.A.

This report was posted on Ripoff Report on 06/14/2007 12:01 AM and is a permanent record located here: https://www.ripoffreport.com/reports/john-jennings-national-investment-corporation/beverly-hills-california-90210/john-jennings-national-investment-corporation-and-reinclub-paid-10000-for-real-estate-254380. 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
1Consumer
4Employee/Owner

#5 REBUTTAL Owner of company

Slander of Teff against National Investment Corporation

AUTHOR: National Investment Corporation - (U.S.A.)

POSTED: Friday, June 13, 2008

On June 04, 2008, I went to court for the hearing with Teff. Again, in court and on public record, the lawsuit was dismissed with prejudice, meaning that Teff can not sue me again under these pretenses. Now that he has just basically been harrassing me, I have been advised by legal councel to proceed against Teff with legal action. Teff has absolutely no right to slander or defame me or my company in any way, and the damages caused by him will be addressed in the legal action taken.

John Jennings

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#4 REBUTTAL Individual responds

JOHN JENNINGS aka national investment corp aka national investment representatives corp

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

POSTED: Sunday, December 23, 2007

I won't even dignify by responding TO john jennings DESPERATE rebutal because, if you notice, I filed my report back in June 2007 and he is responding 6 month later on Dec 8, after I sued him at the Van Nuys Superior Court in Los Angeles county.

IT'S PUBLIC RECORD .

Our court date was set for 12-21-2007 and he went to court on 11-21-2007 ,
and had the court date changed to 1-29-08 . IT'S PUBLIC RECORD .
I WONDER WHY ???
I FOUND OUT THROUGH THE CALIF. SECRETARY OF STATE THAT HE WAS REGISTERED AS " NATIONAL INVESTMENT REPRESENTAIVES CORP " AND NOT NATIONAL INVESTMENT CORPORATION. VERY STRANGE !!!

2ND__SINCE I HAVE SUED JOHN JENNINGS, HE HAS DISSOLVED HIS CORPORATION IN CALIFORNIA AND NOW HE IS A NEVADA CORPORATION ONLY. I WONDER WHY ??
3rd__HIS SO CALLED ALLFORECLOSURE BUSINESS ( NONE EXISTANT ) IN ARIZONA IS NOT EVEN REGISTERED AS SUCH. HE CALLS IT " THE INVESTMENT GROUP " .

THE INVESTMENT GROUP IS A DIFFERENT COMPANY UNDER A DIFFERENT NAME and HAS NOTHING TO DO WITH HIM . SO, WHICH IS WHAT ???
4TH__WELL, I'LL KEEP THIS ONE FOR OUR COURT DAY SURPRISE, SURPRISE !!!!!!!!
YOU AIN'T SEEN NOTHING YET !!!
Merry Christmas and a Happy New Year !

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#3 REBUTTAL Owner of company

Abuse of Many Real Estate Clubs

AUTHOR: National Investment Corporation - (U.S.A.)

POSTED: Saturday, December 08, 2007

In July 2006, Teff registered through the LA Real Estate Investors Network, REIN Club, and wanted to have mentorship training with this company. Teff was given 11 manuals to read, a complete Land Trust for his personal property, over 100 properties to purchase at a huge equity gain, credit restoration access, over one year of training, including a training session with the ex-Los Angeles City Manager for over 30 years, and numerous personal training sessions.

These training sessions included mentorship on the numerous deals that he had found, plus ones that we had given him. These opportunites given to Teff were nationwide, and locally in the Los Angeles area. Teff did actually invest in one property, and decided to back out at the last minute, taking his money out of escrow.

It has been obvious to this company that Teff is only interested in using the different Real Estate Clubs for their knowledge and support, Training and Manual, then attempt to get his money back. Several companies to inquire to his actions are this company, the REIN Club, Nouveau Riche University, to name a few.

Teff had personally told me that he would go to many seminars and companies to get as much knowledge as he could from them, and then once he read all of their books and information, that he would request his money back and threaten to sue them. I had accompanied Teff to numerous seminars to give him personal advise on what was advantageous on each seminar. Each one, Teff would attempt to get something at these seminars for free, find out the money back guarantee before acquiring them.

I had personally contacted both Larry Loik of the REIN Club, and Keshia and Cheri at Nouveau Riche University to confirm what Teff had told me that he gets all of their knowledge and services, then threatens them to get his money back. Once I confirmed this knowledge of Teff's actions, I refused to refund him after over one year of this company's services to him. Not to metion that he received numerous expensive items, like a Land Trust, NIC Manuals, one year of service and training, one year of Data, among other items and training.

Teff continues to abuse the Real Estate Clubs and Services in that industry to his benefit, to only use their services and knowledge, then attempt to cash out once he has had everything.

Teff had a 30 day money back guarantee, but waited for over one year to request a refund and get his money back from this company. Teff also paid by check to this company through John Jennings, to which the check was changed to the REIN Club, and cashed by the REIN Club. This company never received that check.

Teff must ask himself why he would pay a check to this company, but give the check to the REIN Club, then complain that there was fraud committed on the check, but complain about that only to this company. That demand should go to the proper authorities, not this company.

National Investment Corporation did exactly what was stated to Teff, and much more. The extra training with one of the most powerful people in Los Angeles, Ca, and a Land Trust, came at no extra expense to him. The extra consultation on projects that Teff had came at no extra expense to him. This company had to do extensive research on the projects that Teff brought to it, but did not charge him for those services, which none of this was part of the mentorship program that he paid for.

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#2 Author of original report

Teff - to cease and desist in using REINClub's name-Larry Loiks rebuttal

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

POSTED: Wednesday, June 27, 2007

My advise to Larry Loik, president of reinclub ( real estate investors network club ) is for him and or Reinclub to join Rippoff Report Corporate Advocacy Program and try to adhere to what they have to offer or suggest for clearing his name as well as retain customers. I am not going to dignify by responding to Larry Loik, president of reinclub rebuttal. It's not even a rebuttal but a cover up by deviating from my allegations and the issues I presented on my original report. His so called rebuttal is not worth any readers time at Ripoff Report. I could not even find one sentence that I care to respond to his rebuttal because it was all full of misleading statements and not a single response to my original report that I filed.
Larry Loik, please join Ripoff Report Corporate Advocacy Program; let's try and use Ripoff Report as arbitrators to settle the issues I have with John Jennings and you. Then let the chips fall where they may. Name calling ( i.e. obnoxious; he slanders gurus; tries to get free service etc...) is not a rebuttal. You are no guru and will never come close to being a guru.Remember I have all the e-mails you have sent me that will back up everything I wrote on Ripoff Report and some more on my voice mail that you left. I am not sure if I can post them all on Ripoff Report but I will find out.

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#1 REBUTTAL Owner of company

Teff-Si to cease & desist in using The REINclub or The REal Estate Investor Network's name

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

POSTED: Monday, June 25, 2007

This is the Real Estate Investor Network Inc. reponding to this obnoxious individual's comments.
TEFF had a 1 yr agreement with john jennings from National Investment Corporation. We are aware that he received the services and time from mr jennings over that year. We had mr jennings promote his services at an event and teff registered.
teff was rude and only made 1 call to us. we repeatedly called teff and emailed responses to his harrassing emails and provided a cancelled check to teff to show mr jennings from NIC was paid and to work out any dispute of services received with mr jennings.
Teff is not to use our name in association with NIC , the natioanl invesmtnet corpoaration nor john jennings.
this is the only complaint against mr jennings and we did understand from mr jennings that teff did not do his role as a student and complete the the work assigend by mr jennings and his coaching program.
teff will be receiving a cease & desist order from our attornies to stop using our name since it is between he and mr jennings, whom was paid in full for his services.
It is our understandimng from other sources in the industry that Teff has been slandering many gurus and organizations in the industry in what appears to be an attempt to get free services with refunds.

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