ED Magedson – Founder
National Annuity ExchangeNationwide USA
National Annuity Exchange Scam artists that take you and run Los Angeles California/Ohio
This company is a scam! The other reports on this site had not been written until we also became a victim.
Week of April 21, 2014 we were called upon by Barry Shapiro and Tom McMillian as salespitch for life insurance leads, promising the world that the leads are true and screened ahead, and are actual interests; for a mere $3300 for so many leads. Then they came back on our hesitation and emailed us another contract $2250 with other perks. We checked references of course they were also scammers I bet. With all the bull talk of how well this company does by them we unfortunately submitted a check (no cc was acceptable only check or wire). We even got a response from Shapiro that our money made Tom's quota! What a pig. How about producing for me who paid up? How do you live with yourselves taking advantage obusing others this way and jeopardizing legitimate companies who will not get business after experiencing something like this. Once these guys got our money, we were supposed to hear from his assistant Vincent which never happened so when we left voicemails and emails that went unanswered. My office manager was able to get throught to Vincent on July 2, 2014 and was told that they "closed our account because the area to pursue was not developed", what, never told us??? Vincent was ticked off, saying "I am getting sick over all this" and angrily insisted to her that he told this to me and that she should follow up with me, that we missed the deadline of June 15th when they cut return checks. and I would need to wait till July 15th. He then hung up on me. I waited until July 15th and called him again to confirm the check being overnighted as he said it would be on Julty 2. I requested to have a copy of this check faxed to me, and the story then changed that corporate has to handle researching the contract and he was getting hot headed, answering other calls while on the line with me and then the line goes dead. This happened at 3-4 times, each time I called he picked up and I was then demanded to read the contract point number 4, which he could not relay or look up for me. He said they have two contracts, both contracts I received and nothing indicates anything regarding non refundable monies and he did not know the rule for either! Vincent kept interrupting me changing the topic, boasting that out of 100 good clients has 25 not good--25% not good! Some track record.I reinterated to fax me the check, I asked for a head manager of corporate, his response was that he was the head honcho. He then said he can't fax only wire money and I would not reveal my acount info. He said give me a few weeks, what, to move around again as the number related to Vincent is a cell in Middletown, Ohio not Los Angeles, California. The internet site only gives a number that goes nowhere.
This report was posted on Ripoff Report on 07/18/2014 11:58 AM and is a permanent record located here: http://www.ripoffreport.com/reports/national-annuity-exchange/nationwide/national-annuity-exchange-scam-artists-that-take-you-and-run-los-angeles-californiaohio-1163157. 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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