Complaint Review: Schooley Mitchell Telecom Consultants
There currently is a judgment in the State of Michigan for 100's of thousands of dollars against Schooley Mitchell Telecom Consultants.
This judgment was entered by a group of Territory Developers from a prior edition of this franchise ended in bankruptcy for non-payment of commissions. In addition, Dennis Schooley currently owes a recently exited Territory Developer $75K and a remaining one over $100K for unpaid expenses, commissions, and salaries.
The judgment if processed will direct all royalties from franchisees in the State of Michigan to the plaintiffs until such time as the debt is recovered. There are a number of other debts owed which amount to a considerable pressure on the system.
If considering investing in this model, do yourself a favor and investigate the history and current financial condition. In the event you are not given current Balance Sheet and/or P + L's certified by a reliable accounting firm, I suggest moving to another opportunity. Remember, due diligence is your responsibility and ask to speak to current franchisees, both past and recently exited as well. Force the franchise to share the facts regarding exited franchises. For example, there were four franchises in the State of Virginia as 2010. Today, there are none according to their website. Check out their website.
As they say in Texas, "El Paso" on this opportunity.
This report was posted on Ripoff Report on 04/14/2011 10:10 AM and is a permanent record located here: http://www.ripoffreport.com/reports/schooley-mitchell-telecom-consultants/internet/schooley-mitchell-telecom-consultants-smtc-non-payment-of-expenses-commissions-and-salar-717497. 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
If you would like to see more Rip-off Reports on this company/individual, search here: