Complaint Review: Moran Pober
Moran Pober, ABD Assets, Moran Poborsky Long Con Private Equity - Deceptive "mentoring" & False representation of capabilities Tel Aviv Internet
This is written on behalf of several people who have paid for Moran Pober's mentorship program and have disucssed privately what they have seen happening. We are warning you this is a very advanced, and an exteremely well put together scheme that can do you severe financial harm. Do not get involved with this.
If anyone connected to him has contacted you, we urge you to read this carefully so you can fully understand what you would be getting yourself into.
Here is how it works:
Moran Pober or one of his associates will lure you in with the promise of easy riches with the whole "It's a surprise so few people are doing this!" and how "easy it is to acquire free equity in any small business." Suckers (like we were) will schedule an interview, then get to speak with him, and possbily another one of his associates.
Some of us started talking on the side and got wise to what is going on here.
Moran does a great job making you feel important and that "you can definitely do this too." It all sounds like an incredible investment that you feel qualified to make. At this point we gladly handed him several thousands of our hard-earned dollars.
Then you get access to a course and connect with others who fell for the same trap. We did weekly teleconference meetings which basically involves jerking eachother off with the excitement of all becoming very rich.
The whole idea is that you can get free private equity in any business where the owner is looking to sell or retire from their business. This mostly deals with small companies with a lot of assets. Basically the idea is you can provide a service (such as marketing) to a business and receive equity using none of your own money. If you don't have your own skills then you hire a freelancer to do the marketing for you, while the owner pays for the service you provide by way of the freelancer, while they give you equity in the business.
This sounds great, and seems like it should work, but how do you find such a business and get them to trust you? Moran Pober says that the best way to do this is say that you are connected to him and that you are looking to buy their business. The business owner is lead to believe by you that Moran is rich and can buy the business. We are still not sure if he's actually rich but that doesn't really matter.
What does matter is you put up a huge risk wasting your time trying to do this. There are a lot of obsticals that go conveniently unmentioned by Moran, because ultimately he wants you to bring him the deal.
When we bring him the deals, we were told we'll get 30-50% of the equity just for bringing him the deal and helping him with it. That still sounds great, but will he actually close a deal with you and make you rich?
At first he told us he has funding and can easily buy any company he wants through the connections that he has. Then if he says that he does not have the funding in place for your deal he tells you to get your own funding, and he'll kind of help you try and do that.
We were sometimes encouraged to go out and do the whole deal yourself and raise your own funds so we get 100%. The problem is that with banks or other lending instituions that deal with these business transactions, they want you to sign a little thing called a personal guarantee. If you've never taken out a huge loan and don't fully understand how banks work, you're going to be in for a nasty surprise.
Moran had us believe that banks will hand money out to just about anyone. That was never the case for any of us so we crawl back to Moran to get him to raise the funds so we can get equity in a business.
We gathered all the information, and have gone through a ton of effort talking to the business owner, getting their financials and other critical business info. This represents days worth of effort gaining a business owner's trust and gathering their information after having them sign an NDA.
It's so exciting when we got to make a business owner an offer, and they accetpted it. We could almost taste the millions coming our way and becoming extremely rich. We worked hard to get that information from the businesses and feel like we earned it. It's really a great feeling, but then your hopes and dreams of becoming a wealthy elite business person are crushed in an instant.
There is ALWAYS something wrong with the deal for Moran, or some delay he made up that keeps it from happening when we thought it would happen. We believe that this works to his advantage. Most of us are average or below average in terms of income and we gambled with a lot of time and effort to have it shot down. We don't have time to wait for a year on every single one of these, and the deals just never happen.
In the meantime, we have brought Moran a ton of these companies with all their information. Once you give up, Moran can let those businesses sit for a while, swoop in by himself and cut you out of the deal. With us out of the equation he probably goes to his funding partners at that point. You would never even know if it happened. There is no proof that he is doing this, but this is the conclusion we have all reached based on patterns we have observed.
If he is really helping everyone, then it doesn't make sense why 1 out of over 50 people he has brought into this so far has ever closed a deal. He provides just enough evidence of success to keep everyone convinced, until now.
Moran Pober is cunning, highly intelligent and the scheme is extremely well orchistrated. It took multiple very intelligent people to figure this out. This is the first time something like this has been documented and reported that we know about.
Do not give him a cent of your money and don't believe anything he says.
This report was posted on Ripoff Report on 09/26/2017 12:01 AM and is a permanent record located here: http://www.ripoffreport.com/reports/moran-pober/internet/moran-pober-abd-assets-moran-poborsky-long-con-private-equity-deceptive-mentoring-1402363. 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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