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Report: #272186

Complaint Review: MTRI - Marketing True Residual Income - San Antonio Texas

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  • Reported By: San Antonio Texas
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  • MTRI - Marketing True Residual Income 2186 Jackson Keller PMB 202 San Antonio, Texas U.S.A.

MTRI - Marketing True Residual Income This company is the biggest Scam. This is really a huge ripp-off San Antonio Texas

*UPDATE Employee: How is this company a scam?

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This company offers people what they call an opportunity to save money andmake more money but the concept is all a lie. The best niche for this company is ripping off people that have no idea about the gold and silver market.

The concept is you save money every month and in return get coins, plus you build a pyramid team of people to do the same thing. You can save $50 and get 1 american eagle silver coin, save $100 and get 2 coins, save $250 get 5 coins, save $500 and get 10 coins. But this is the thing, i can go to the local coin store and buy 1 american eagle silver uncirculated minted coin for the spot rate which today is currently at $12.09.

I can buy my coins even cheaper bidding on ebay. Beware of this scam. You dont save any money to make more money, all you do is you get your coin and the rest of the money goes to the person that brought you in this pyramid scheme. This business is on the BBB but they are being watched and are researching it very well plus the owner oJoe straw has a bad reputation.

Do your research with this company, i wish i did when i started this by saving $250 dollars to get silver 0.99999 % american eagle coins. Do the math, divide $250 dollars by what one ounce of silver costs which is $12.09 it equals 20.6 or almost 21. This means i can get almost 21 2007 American Eagle silver coins instead of only 5 coins.

You are wasting your time and money on this so called "Self funding Savings Account."

Henry
San Antonio, Texas
U.S.A.

This report was posted on Ripoff Report on 09/04/2007 06:40 AM and is a permanent record located here: https://www.ripoffreport.com/reports/mtri-marketing-true-residual-income/san-antonio-texas-78213/mtri-marketing-true-residual-income-this-company-is-the-biggest-scam-this-is-really-a-h-272186. 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:
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#1 UPDATE Employee

How is this company a scam?

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

POSTED: Monday, September 10, 2007

I am an employee and co-founder of MTRI. I have looked through our data base and no one with the first name of Henry from San Antonio exists or has ever existed as an independent rep or customer with our company.

It's no secret what spot on Silver is. You can open the newspaper any given day or go almost anywhere on the web to find the price. Just like anything else if you shop around you can find the same product or service for a higher or lower price. Did you know you can go to the U.S. mint website and buy the same exact grade, un-circulated Silver Eagle for $26.95 PLUS $4.95-$14.95 for shipping. American Silver Eagles come from only one place in the WORLD, that's the U.S. Mint. We sell un-circulated American Silver Eagles for $25.00 each that includes shipping and handling, delivered to the customer's address.

We offer 45 different packages. Here are just a few:

Eagle 1 Package ($25): 1 coin sealed in an air tight container

Bronze Package ($50): company rep support, online rep distributor center, geneology tracking, access to training calls, and 1 coin sealed in an air tight container

Double Bronze Package ($100): company rep support, online rep distributor center, geneology tracking, access to training calls, online webinar usage and training, and 2 coins sealed in an air tight container

Joe L. Straw Jr. is the Chairman and Co-Founder. I have known him personally for four years and did extensive back ground re-search before I decided to become his partner in this company. I found that he was a decorated officer in the military and has an impecable military background, and has a very impressive track record in the network marketing industry. He has been a top earner and is willing to help others achieve financial freedom.

Please be careful of your accusations in reference to 'scam', 'pyramid', 'rip-off'. Jeffrey Babener is the attorny we hired when we put this company together. Do your research on who he is and what his track record is. That should put to rest your accusations.

Al

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