ED Magedson – Founder
Tradebank International1000 laval blvd. Lawrenceville, Georgia USA
Tradebank International John P. Davis The saga of unlawfull enrichment and broken promises continues... Lawrenceville Georgia
Tradebank International is once again continuing with its lies and seemingly entitlement of others work profits for their own personal agenda/s and gain. Why would a company reinstate a fired employee of one of its regional owners the same day they were fired and cancel the franchise without any notice written or otherwise by that afternoon? Why would they give reasons of “low sales” when said franchise was third in the nation a few months earlier? Why would they cancel a franchise in the middle of its sale to a cluster of investors and carry on with business as usual if in fact the franchise is closed/cancelled?
John Davis personally sanctioned an unfit person (fired employee) to “facilitate” the sale of the business which to date has only facilitated the employee’s own agenda as the new “owner” or boss and sale of the business is at an impasse. Phone calls and e-mails are left unanswered and to date nothing as promised (as in accordance with franchise agreement) in writing has been delivered. The person he left in “charge” has many character flaws that as Davis himself said “nothing short of a bullet between the eyes would help.” Having confiscated business phone and computer hard drives with incriminating evidence to employee’s ability to undermine the business, its owners, and the clients, Mr. Davis is less than forthcoming with correcting the situation. The list includes evidence of favoritism, felony, slander, and a litany of other misdoings and liabilities that doesn’t seem to bother Tradebank International or John Davis as he WAS presented with the evidence. Let’s remember too, the outright inability for the employee to follow the FOUNDER’S directives/orders which were cause for the decline of client trust, communications that were not sanctioned or in the best interest of anyone and used as a smear campaign to try and make themselves look exceptional in terms of a desirable successor.
The fact that said employee touts their expertise as a paralegal and “had no idea” that a sale of a business includes having to change the name legally, monies collected would need an escrow account, and general assets would need to be in compliance with state and local business practices absolutely brings up the question of exactly why John Davis would allow such incompetence to remain in the business at all.. The lack of knowledge governing a franchise was painfully evident and overlooked by John Davis in this employee's outgoing communications to the Tradebank network. That the employee outright LIED about checks in hand from investors to franchisee and subsequently John Davis himself and was “wrought with stress” from dealing with "everything" further begs the answer as to WHY employee is still at a cancelled franchise doing “business as usual.”
According to other regional owners of Tradebank franchises and friends with said owner of this particular franchise, John Davis, on a company conference call, told them that said owner was paid in full. Sooooo……Where’s the money? Not where it belongs!
To date a residual payment from September that is still owed has not been paid and is now lying unpaid as the accountant was in Las Vegas for a convention (hmmmnnn…), calls to be returned have not been returned and now it’s Christmas…then it’ll be New Year’s and the check to be cut will have cobwebs and won’t be able to get processed. It’s a blatant attempt to thwart the former owner into submission by “starving him out.”
Tradebank International and John Davis are having a time of it in courts recently and monies/properties are seemingly usurped by the corporate office in favor of unlawful enrichment to support their coffers. While this may not be the case it certainly gives one pause as to their erroneous acts and very hostile takeovers.
If anyone has information or the ability to stop the unbelievable audacity of this company in its unscrupulous tactics of ousting its franchisee owners from the lawful monies due them PLEASE feel free to comment here!
This report was posted on Ripoff Report on 12/23/2013 04:14 PM and is a permanent record located here: http://www.ripoffreport.com/reports/tradebank-international/lawrenceville-georgia/tradebank-international-john-p-davis-the-saga-of-unlawfull-enrichment-and-broken-promise-1109482. 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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