Complaint Review: The Entrepreneur's Source - Southbury Connecticut
- The Entrepreneur's Source 900 Main Street South Southbury, Connecticut U.S.A.
- Phone: 800-289-0086
- Category: Home Based Business
The Entrepreneur's Source & Terry Powell Franchise Scam - Multi Level Marketing Fraud. Ripoff! Southbury Connecticut
Terry Powell and the rest of the people who run this scam know they are ruining the lives of tons of people but they continue to do this only because of one reason - GREED. This company is nothing more than a multi level marketing focused telemarkeitng franchise. You pay Terry Powell $50,000 or more and you earn the right to become a telemarketer selling for 150-200 other franchises, many of which are questionable. Thats right - your whole job is to be a telemarketer. They try to call this a consulting opportunity but that is a bunch of lies.
All Terry Powell cares about is selling his own franchise and reaping millions from unsuspecting people. Some might argue that what he's doing isn't dishonest. Let me tell you why it is. The center of the issue is the fact that most of his franchisees are either struggling or losing all their money. When they sell you a franchise they lie about how many franchises have failed.
Despite this he continues to sell franchises left and right. After you are led into this business and you buy a franchise you are forced to pay a $750 per month marketing fee along with another $400 for a post card mailer program that stinks. Terry Powell knows his guys are struggling but continues to make them pay money. He takes it from our credit cards and bank accounts via withdrawls.
When you find yourself one day unable to pay these fund fees you quickly get threatened by the company and are quickly terminated. All with lawsuit threats from Terry Powell and his lawyers saying they will sue you if you violate non disclosure agreements they make you sign in the beginning. They also tell you that if you leave they have the option of suing for future royalties and markeitng fees (Sort of like saying you better shut up or else).
Well the good news is that us consultants are starting to fight back. We are lobbying the FTC and Connecticut Attorney General to put an end to these malicious practices. 40-50 consultants are already on board. There would be many, many more if Terry Powell's threat campaign wasn't as successful as it is. At least this site gives people who want to stay confidential a place to voice their concerns.
At the end of the day this company is doomed. Hopefully sooner than later. Terry Powell has ruined too many lives.
New York City, New York
This report was posted on Ripoff Report on 01/04/2005 10:44 AM and is a permanent record located here: https://www.ripoffreport.com/reports/the-entrepreneurs-source/southbury-connecticut-06488/the-entrepreneurs-source-terry-powell-franchise-scam-multi-level-marketing-fraud-rip-125686. 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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