Report: #1393544

Complaint Review: Clinton Lee

  • Submitted: Thu, August 17, 2017
  • Updated: Thu, August 17, 2017
  • Reported By: WebsiteSellerScammed — Beverly Hills California USA
  • Clinton Lee


Clinton Lee UK Business ukbusinessbrokers.comExperienced-people.netthe exit firm This company is an elaborate international scam london Internet

*REBUTTAL Individual responds: An amusing but flawed fabrication :)

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This company is a fairly elaborate international business brokerage scam. The key principal is a person name Clinton Lee who promises low cost business brokerage services and guidance for the do it yourself business seller. He claims to have a specific expertise with internet websites and to have the contact and resource base to maximize value for the sale of your site while minimizing commissions and cost. This is the primary draw and what attracted me to his service.  As a website owner I contacted him about guidance with the sale of my internet company.  I was drawn in t the offering as I wanted to get the most out of my sale and had read some of the free ebooks he provided.  When I got in touch w him he asserted that he was a market leader in the category and cited his ownership of a website forum where he claims he has mentored hundreds of people with the sale of their web companies. [continued below]....

.....  I reviewed the site and it looked like an established site. His presentation was impressive and he listed various other testimonials on his website for the business brokerage business.  I took a leap of faith because after all he was this purported global leader in the category and he promised me he could give me the guidance and leadership I needed to sell my website with the help of his expertise and guidance or through a broker contact of his if needed. What I soon discovered is the moment a contract is signed with Clinton Lee your experience with him is going to be strictly about how he can manipulate you on price so that he can convey your website to an industry contacts at below market value prices. From his side, its a great scam. The values of business online are generally hard to ascertain for a first time seller and he takes advantage of this asymmetrical market knowledge.  He will convince you your site is worth less than half of what it is. Then he surprises you with a qualified buyer who will purchase your site quickly and in a trouble free format. Then the pressure begins to just take the offer. He picks up a commission on the sale and then conveys the website or business to one of his own contacts who in turn resells the business at the full market value. The sad thing is trying to go after him from the United States is next to impossible because he is well insulated in the UK although I have the records to prove that what I experienced was fraud. Anyway, long story short, I took his advice only to see the website relisted a few weeks later at twice what I got.  I did some digging and can prove this was all a deliberate and well orchestrated scam. Anyway, I wanted to share my experience with others so that they do not also get burned the way I was. I feel like a total fool and the internet business was something I had worked so hard on over the years. It was meant to be my retirement when I sold it so it was a huge loss for my family and I. Hope this helps others.

This report was posted on Ripoff Report on 08/17/2017 02:53 PM and is a permanent record located here: 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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#1 REBUTTAL Individual responds

An amusing but flawed fabrication :)

AUTHOR: UKBB - (United Kingdom)

This is an amusing fabrication on this page, from an anonymous user who contradicts himself/herself in multiple places. And, no, s/he's never used my services to sell a business! I would welcome public disclosure of this "proof" though, that would be funny. :)

My impeccable reputation and integrity are easily verifiable with a little research on LinkedIn, Google or elsewhere, so I won't bother with a blow-by-blow reply to what's an entertaining but imaginary case.

However, as s/he's amused me today, I'll provide two tips:

1. I've said time and time again in so many articles that you are better off selling a small business yourself rather than using any third party or broker's assistance. If you ever do sell a business, do it yourself! ;)

2. After you've sold your business at a price you're happy with, don't worry if it comes up for sale again, not even if it's at a much higher asking price. Remember, people can ask whatever ridiculous price they want ...but that does not mean they will get it. Also, don't forget that they may have made some improvements to justify the higher asking price.

Anyway, to the poster, thanks for the good laugh.


Important Note: I don't offer this "low cost business brokerage" claimed here. I don't offer a low cost anything! I'm a recognised expert in my field and I charge appropriately for my expertise. So anyone looking for some "low cost business brokerage" ...sorry, but you might want to look elsewhere!

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