Armando Montelongo Seminars SCAM!!!! San Antonio Texas

January of 2012, my son and I were watching an infomercial program where the Armando Montelongo Seminars were advertized.  I have experienced difficult times with a failing business and Bankruptcy was just around the corner.  I thought the Seminars were the answer to my programs.  I did everything I could possibly do to borrow money from friends and family to attend the Seminar.  January 19, 2012 we attended the “FREE SEMINAR”, which was only a sales pitch for a 3 day Seminar.  We paid $2,994 for my son and I to attend. 

On January 27, 2012 we attended the 3 day Seminar at the Marriott Hotel in Newport Beach.  The entire 3 day Seminar was NOT what they pitched at the Free Seminar.  The $2,994 Seminar was another Sales Pitch within itself!  The first day we spent getting to know the team and hearing about their families and financial success.  The final day was a push to get everyone to purchase one of the 2 packages (one package was priced at $31,495 and the other $41,495).  I couldn’t afford the $31,495 and was only able to come up with $20,000.  Again we collected the $20,000 from friends and family to attend and we were able to come up with the funds.  The representatives take every penny they possibly can.  The $31,495 package was “CONVENTIALLY” reduced to $20,000 so that my son and I were able to attend. 

At both Seminars the sales pitch is the same.  “You need to take care of your family”, “This is the only path to financial freedom”, “What is holding you back?”, “Say no to excuses”, “Investors take action now” etc.

I feel as if we were lied to, it was just one sales pitch after another in order for people to fork out more money.  They sold a dream.  The pitch was you don’t need good credit or money in order to invest in properties; you only need to obtain Hard Money loans.  Hard Money loans have an incredibly high interest rate between 12%-21% and may go as high as 25%-29%.  The interest alone will take all of your profits! That was their ONLY solution, their ONLY plan!  They sold a dream to people that are facing financial difficulties.   

On May 4, 2015 I submitted a formal refund request to rwanq@teamarmando.com.  To date, my email as been unanswered.  Every time I call in to follow up on my refund, the Refund Department is either on  lunch, on break, in a meeting or unavailable. 

Below are the payments made to: Armando Montelongo Seminars

Purchase Agreement# 17263           Amount $1,497

Purchase Agreement# 17202           Amount $1,497

Purchase Agreement# 23390           Amount $20,000

I am looking to obtain a full refund so I can pay back my friends and family the money I borrowed.  This program is a complete SCAM.  I did not make a single penny.  The sad part is at the end of all of this I was forced into Bankruptcy.