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Report: #263989

Complaint Review: TLMA, LLC - Orlando Florida

  • Submitted:
  • Updated:
  • Reported By: alderson West Virginia
  • Author Confirmed What's this?
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  • TLMA, LLC 1802 N Alafaya Trail Orlando, Florida U.S.A.

TLMA, LLC Scam, Con Men, Valuation Fraud, will not sell your buisness, they have no buyers, will never refund money Orlando Florida

*Author of original report: TLMA isTLMALLC theft con lie steal

*UPDATE EX-employee responds: TLMA rip off

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TLMA LLC is a scam pure and simple. They tell you they will sell your buisness but you need to give them money up front to have a buisness valuation produced. They say this lets their buyers be confident in your buisness value. THEY HAVE NO BUYERS!!! They claim you will get a refund if the buisness does not sell. It will never sell. They contract you sign only obligates them to intoduce you to potential buyers, NOT TO SELL THE BUISNESS. Be prepared to be introduce to Carlos Keelings cousins as potential buyers or happy customers. This is all he has to do to meet his obligation to you and keep all the thousands of dollars you paid for nothing. Carlos is a notorius con man, he worked for Norvergence and Alliance Acquisition Associates as well, check them out, do a google or ripp-off report search and see what comes up. Check out the article below from Entreprenuer.com about Buisness Valuation Scams.



http://www.entrepreneur.com/management/legalissues/article173648.html

Common Small-Business Scams
Protect your business by getting familiar with some of the more creative scams entrepreneurs are falling prey to these days.

By Rich Mintzer | January 25, 2007


Valuation Fraud
"The business sends faxes asking if you're interested in selling your business," says Sue McConnell, PR director for the Cleveland Better Business Bureau. "If you want to sell your business, they claim they'll find buyers interested in your company. You send a fax back, and they send someone to come out to speak with you. After that, you pay several thousand dollars in advance to have a valuation done to determine what your business is worth. After you've paid, they disappear," explains McConnell, whose office has issued a warning to the local media and on their website after this scam was reported by several area business owners who'd been duped.

According to the warning issued by the Cleveland Better Business Bureau, "The Secret Service is investigating complaints from hopeful sellers who report they were duped into paying advanced fees ranging from $5,000 - $11,995 to Global [Business Acquisitions] for the valuation. Once the fees were paid, Global made no further attempts to assist the seller with finding a buyer. Although Global promised to refund the fees upon request, victims who tried to get a refund were either denied or discovered the telephone number was disconnected."

Smart Tip:Think twice before pursuing any faxed inquiries about selling your business. Always check a company's references before pre-paying for any services.

Willard
alderson, West Virginia
U.S.A.

This report was posted on Ripoff Report on 07/29/2007 12:35 PM and is a permanent record located here: https://www.ripoffreport.com/reports/tlma-llc/orlando-florida-32826/tlma-llc-scam-con-men-valuation-fraud-will-not-sell-your-buisness-they-have-no-buyers-263989. 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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#2 Author of original report

TLMA isTLMALLC theft con lie steal

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

POSTED: Monday, September 24, 2007

Tlma is really scamming it up big time just visit their web site. They now have phony press releases and phony customer testimonials. I can just imagine the answer if you ask why they are so vauge, "we have to keep our customers confidentiality" "If you sold a bisness for millions of dollars would you want people knowing you had that kind of money?" That is exactly the type of trick they teach you if you work there. Get their attention with money talk and push back with a threat to disengage like "maybe this isn't for you" or "we aren't even sure if you are right for our buyers until they see your buisness valuation."

These guys are slick BEWARE take a look at the web site and read between the lines. It says nothing, it looks good but the testimonials and press releases are all fakes.

TLMA is TLMALLC BEWARE

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#1 UPDATE EX-employee responds

TLMA rip off

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

POSTED: Tuesday, September 11, 2007

I was going to work for TLMA as a Business Analyst. They ran an ad on Craigslist and it seemd interesting. I traveled with one of the "successful" analyst for 1 day. I was appalled how the analyst was only after "getting the check". It's true, the analyst gets 50% commission on each business valuation he sales. The analyst must pay his appointment setter $300.00 per week(if he sells a valuation or not). The analyst runs about 7-9 appointments per week. They have a minimum amount of valuations that you must sell per week to keep your job.

I rented a car and split from the so-called analyst (really a sleazy salesman) as fast as I could. I feel sorry for the poor business owners that fall for this scam after all the sweat equity put into their business.

TLMA is a complete rip-off and I'm ashamed that I ever thought they were legit.

thomas

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