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Report: #322417

Complaint Review: Loral Langemeier Wealth Foundation/Preimier Mentoring - Nationwide

  • Submitted:
  • Updated:
  • Reported By: El Granada California
  • Loral Langemeier Wealth Foundation/Preimier Mentoring www.wealthfoundation.com Nationwide U.S.A.

Loral Langemeier Wealth Foundation/Preimier Mentoring Predatory Deceptive Sales tactics Salt Lake City Utah

*UPDATE Employee: Complaint resolved successfully

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I will put it very simply.. Loral Langemeier Wealth coaching program is nothing more than a predatory sales approach to seperate you from your money with you bearing all the risk and them making a quick buck at your expense. I like the books and even the CDs, but the wealth coaching as it was presented to me was a pure get rich quick scheme for them.

Their high pressure sales pitch, sizes you up on how much you can charge on your credit cards to the point of maxing them out. Pure financial idiocy for you and very profitable for them. They price the program accordingly. They talk alot about what they are going to do to help you get started immediately, setting up LLCs, tax ids, 0% lines of credit, setting up future meetings, which equate to setting up another meeting, tomorrow, tomorrow, tomorrow, filled with false promises. And eventually they get tired of hearing from you snd stop returning your calls.

You have 3 days to cancel the charges on your cards, which will soon ruin your credit score. I called to do so after day 1, as I needed some time to deal with personal issues (sudden family illness / long term hospitalization). While still interested in the program, I just needed some time to deal with the personal issue I mentioned. I expalined this. Their response - another high pressure sales pitch, exclaiming all the things they were going to do for me in the next week (which of course never happened despite my repeated attempts to work with them, all I got was tomorrow, tomorrow, tomorrow, and then no response to my messages, within one week). What changed? They said if your not ready today, you will never be ready and if thats the case "we dont want you in the program and you will not be welcome back at anytime in the future", and on top of that if I didnt back out at that moment, which was only day 1, I no longer had the other 2 days to back out and from that point on was obligated. That is in complete contradiction to the agreement they have you electronically sign on their website. That was a lie and that was fraud. On top of that they never did any of the things they said they were going to help me with in the week to follow (which is essentially what made me decide to stay aboard).

I am disputing every single one of the charges to my credit cards, based on the deception/lies and illegal verbal alteraion of an exisitng contract. All the credit card companies are incredibly supportive and are pursuing this on my behalf. I am writing my congressmen, senators, the better business bureau,

I am sure their program can work for some people, and there is absolutely nothing wrong with them selling the products and service they sell. But they really should not market them in such a predatory, deceptive manner.

Duffy
El Granada, California
U.S.A.

This report was posted on Ripoff Report on 03/30/2008 06:39 PM and is a permanent record located here: https://www.ripoffreport.com/reports/loral-langemeier-wealth-foundationpreimier-mentoring/nationwide/loral-langemeier-wealth-foundationpreimier-mentoring-predatory-deceptive-sales-tactics-sa-322417. 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 UPDATE Employee

Complaint resolved successfully

AUTHOR: Loral Langemeier Wealth Foundation - (U.S.A.)

POSTED: Monday, August 03, 2009
Customer service is of great importance to our company. We are dedicated to providing quality services with the objective of helping all of our clients succeed.

This complaint was resolved successfully with the customer as of April 2008.

- Loral Langemeier Wealth Foundation
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