ED Magedson – Founder
Prosper Learning - The Tax Club - Advantage Club - Vermotion5072 North 300 West Provo, Utah U.S.A.
Prosper Learning - advantage club - Vermotion ripoff, lied about their program, refused to give money back, ignore problems Provo Utah
We were contacted by a Prosper salesperson by telephone and after our interview granted permission to join their program with the assurance that if we complied with their requirements we would gain knowledge on how to succeed in real estate investments. The program included a one on one mentor who was supposed to teach us the in & outs. He told us that he has been successfully investing using the Prosper System "no money down". However, after few sessions it was clear that we did not learn anything new or received any inside knowledge. As a matter of fact these 40 minute sessions were construed that a 7 year old could understand them- clearly a waste of time and no new information. Sensing we were getting frustrated with the program he indicated that we could switch mentors if he was not working out for us. The problem was not him but the Prosper System-- everyone was gun-h*o in the beginning- it didn't take very long to charge our credit card, since we didn't have the $10000.00 they graciously charged us $8035.00 and gave us a grant for $2000.00,but this had to be paid back starting December. Maybe this should have raised a question since I never heard of grants having to be paid back. After we signed up it seems that everytime someone contacted us we were supposed to dish out more money, expl. the tax club, advantage club (incorporated us for a lot more than Nevada charges), Vermotion (website created for us which never worked) No help was available when I called so we finally cancelled-still no response to our request for our money back. Today we received a letter from a company in California telling us they would charge our credit card for the payments of the $2000.00. WE cancelled our credit cards but are extremely frustrated with this process. Prosper was very good in Directing us to the BBB were no negative responses were found and stressed ethics and honesty. If it was not that much money it could be comical- obviously getting rich to Prosper means getting it in a very ingenious way, they were presenting everything very logical and achievable. We were not doubting too much what they were saying after all who does not want to acchieve success. We have contacted the FTC,hopefully this will prevent someone else to do business with Prosper Inc, the tax club, advantage and for mortgage Staggs Financial who after receiving all of our financial records supposedly had loan money for our first house purchase. However that was a few weeks ago, to this day no money, no response but at least no more lies and deception. Barbara Squaw Valley, California
This report was posted on Ripoff Report on 12/09/2005 05:24 PM and is a permanent record located here: http://www.ripoffreport.com/reports/prosper-learning-the-tax-club-advantage-club-vermotion/provo-utah-84604/prosper-learning-advantage-club-vermotion-ripoff-lied-about-their-program-refused-to-167447. 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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