Complaint Review: Panasonic Energy Of North America - sparks NV
Panasonic Energy Of North America Company Rewards Program Scam sparks NV
PAnasonic Energy Of Noth America has a points reward program meant to recognize employees when they do something that is worth of note. It's called "Bravo points rewards". It's a scam. Here's the math. I have 2700 bravo points which the company treats like income and is taxed.
Thus far I have been charged 135.00 in taxes on my 2700 bravo points. Example, a cordless phone on the Bravo site is 3800 points. but can he bought new on E bay for 58.00 shipped. So basically, the Bravo site can charge any amount for products and value the points at any amount they want. At 33% tax rate, the 135 they charged me in taxes should make the 2700 points worth about 400.00.
Finally, the phones actual value is 58.00, I have 2700 bravo points valued in theory at 400.00 and they want 3800 points for the phone which would be a theoretical value of 572.00 for the phone. As a side benefit, if you don't have enough points to get something, you can combine points with cash to get what you want.
This is one of the most transparent scams I have ever seen. I could have bought two and a half phones with just the taxes alone and cannot buy even one phone with the points I have. If I add cash with the points to get the phone, I am buying the phone with the the cash and they get my 135.00 in taxes for nothing.
This report was posted on Ripoff Report on 11/30/2019 05:15 AM and is a permanent record located here: https://www.ripoffreport.com/report/panasonic-energy-north/sparks-nv-company-rewards-1488420. 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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