ED Magedson – Founder
PMI, NMR, The Summit Group754 E. Technology Ave. Orem, Utah United States of America
PMI, NMR, The Summit Group, Diverse Equities Former employee, coaching ripoff, Orem Utah
I was a former employee of a company called Diverse Equities. They were associated with NMR and PMI. All these companies are tied together. They utilize layer upon layer of LLC's to make sure they are protected.
I started of closing sales for the real estate coaching. At first I was a believer in what I was doing. After I purchased the coaching myself (at a much lower price) I realized what a ripoff it was to those paying thousands of dollars for this "product".
I want to give a brief desciption of how the whole process works. First the victim buys a real estate training program off the TV or Internet. Ususally this is a low cost item or even a free item. All this is intended to do, is to generate a lead. Once a lead is generated, then it goes to one of the sales floors. At that point a screener calls the lead to find out if the lead is qualified. They ask a series of questions to determine the finacial status of the individual. This is done for two reasons. The first reason is to see if they have enough money to make the sale. The second reason is to determine how much they should charge for their product. If the lead is qualified, then it goes to the closer. At that point the closer spends 30 to 60 minutes closing the deal.
The owners of the company I worked for (Mark Tapp and Dustin Garr) also started selling their own real estate training program with NMR doing the coaching. They hired almost exclusivley from the halfway house in Kansas City. The people buying Dustin and Mark's coarse were giving their credit card numbers to people still in prison.
The owners of these companies are the people that belong in prison. Some of my ex-con coworkers had more integrity the the owners of Diverse Equities. These guys are con-artists, plain and simple.
If you want to get started in real estate or an internet business, go to the the local library. All the information that you would pay thousands of dollars for, is all there for free.
I apologize to all the people that I sold coaching to. I feel horrible that I worked for such a dishonest company. I do have more information and people willing to testify if anyone is interested in pursuing these companies legally.
Brent Kansas City, Missouri
This report was posted on Ripoff Report on 03/07/2005 07:53 AM and is a permanent record located here: http://www.ripoffreport.com/reports/pmi-nmr-the-summit-group/orem-utah/pmi-nmr-the-summit-group-diverse-equities-former-employee-coaching-ripoff-orem-utah-134015. 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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