- Report: #243315
Complaint Review: Focus On ForeclosureWealth Intelligence AcademyCash Flow GeneratorEdu Trade Inc - Cape Coral Florida
-
Author Confirmed
Why?
Focus On ForeclosureWealth Intelligence AcademyCash Flow GeneratorEdu Trade Inc
1612 E Cape Coral Pkwy Cape Coral, 33904 Florida, U.S.A.
Phone:
888-220-0068
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Focus On Foreclosure, Cash Flow Generator,Edu Trade IncFocus On Foreclosure, Wealth Intelligence Academy, Cash Flow Generator, Edu Trade Inc Theft by Deception Blatant Consumer Rights Expired Non Disclosure Foreclosure Whitney Real Estate Refund Academy hoax Cape Coral Florida
I am a licensed Real Estate Broker in the states of Oregon and a Licensed Agent in Washington State. I was directed to Oregon Dept of Justice by the Oregon Real Estate Agency. I attended a free event on September 8, 2006, in Portland Oregon, by a group known as the FOCUS ON FORECLOSURE company. One of many companies by Russ Whitney, Inc. The subject was a 3 day class about foreclosures, pre-foreclosure financing, assumptions and short sale techniques and strategies. A subject I am very familiar with. They asked if there were any real estate agents in the audience. Then, the speakers told me the training could be used to satisfy our 30 hours of Continuing Education to renew our real estate licenses. NOT!! The actual training was to begin 20 days later, at the Airport Sheraton Hotel, on September 29th, 30th and end October 1st 2006. Well after our 3 day right to a refund expired as in their September 8th written agreement. The deception seems perfectly timed. During that training, and before each break, they would promise to get into the subject with tantalizing examples, but kept straying away. They would briefly talk about the study materials (to keep their promise) and then begin talking about something known as the Wealth Intelligence Academy. I slowly realized I had paid $199 to attend a rally for something else. The Wealth Intelligence Academy was never mentioned until after (the so called) training began. They now claim I could have demanded a refund by the morning of the 2nd day. That information appears nowhere in their written contracts or study materials. By the third day, Foreclosures, Short Sales and the needed skills and techniques were never talked about again. As a professionally trained Realtor of more then 12 continuous years, I know the FOF company never got into the details of this subject. The real intentions of the Focus on Foreclosure company were designed to go undiscovered, until after our Consumer Rights to Cancellation had expired. By the third day, October 1st, 2006, they began taking orders to become members of the Wealth Intelligence Academy, for $3000 to $9000. I was sitting among people who were members all along. The training turned into a rally to purchase a membership to the Wealth Intelligence Academy. During the three day event, they never really got into the details of the subject we paid for. I believe their business plan required my money to pay for this event. I felt like the whole training event was a complete hoax. I can demonstrate the steps in this blatant deception. Isn't the Oregon Dept. of Justice the proper authority to impress upon all the Russ Whitney organizations the importance of fair dealing and full disclosure in our state? 3922. Theft by deception. (a) Offense defined.--A person is guilty of theft if he intentionally obtains or withholds money or property of another by deception. A person deceives if he intentionally: 1. creates or reinforces a false impression, including false impressions as to law, value, intention or other state of mind; >Failure to disclose. It would have made a big impact on our decision if we knew FOF were part of the Russ Whitney Education Group< 2. prevents another from acquiring information which would affect his judgment in the transaction;
>The inability to discover the deception until after our Consumer Rights expire is our claim<
Patrick
PORTLAND, Oregon
U.S.A.
>The inability to discover the deception until after our Consumer Rights expire is our claim<
Patrick
PORTLAND, Oregon
U.S.A.
4 Updates & Rebuttals
Patrick
PORTLAND,Oregon,
U.S.A.
Current Russ Whitney investigations:
#2Author of original report
Thu, June 28, 2007
Current Whitney investigations: Whitney Information Network, Inc. Receives Notice of SEC Investigation Nov. 21, 2006--Whitney Information Network, Inc. announced today that on the evening of November 14, 2006, it had been notified by the Securities and Exchange Commission that the Commission was conducting a non-public investigation to determine whether the Company has violated any securities laws in connection with (i) the efficacy or trading success of the Company's stock market education programs, and, (ii) the Company's acquisition of certain other companies. The Company intends to provide the Commission with any requested information. Whitney Information Network, Inc. Receives Grand Jury Subpoena Dec 15, 2006 Whitney Information Network, Inc. announced today that the United States Attorney for the Eastern District of Virginia has notified the Company that it has commenced a grand jury investigation into certain of the Company's marketing activities. The Company received a subpoena on December 11, 2006 in connection with this investigation requesting documents and information from January 1, 2002 to the present relating to its marketing activities. The Company intends to cooperate fully with this investigation. Separately, the Company also announced today that it intends to withdraw its EduTrades, Inc. registration statement filed with the Securities and Exchange Commission. Whitney Information Network, Inc. Announces Departure of Officers Dec. 19, 2006--Whitney Information Network, Inc. announced today the termination of employment of Nicholas S. Maturo, President and Chief Operating Officer and Rance Masheck, Vice President, Sales and Marketing of EduTrades, Inc. (a subsidiary of the Company). PPS. THESE SEEM TO BE THE WHITNEY TOOLS OF TRADE 1. Fail to reveal a material fact 2. Be unfair, unconscionable, and deceptive in your Trade Practices 3. Cause a probability of confusion or misunderstanding 4. Create gross discrepancies between your oral representations and the facts.
Patrick
PORTLAND,Oregon,
U.S.A.
Current Russ Whitney investigations:
#3Author of original report
Thu, June 28, 2007
Current Whitney investigations: Whitney Information Network, Inc. Receives Notice of SEC Investigation Nov. 21, 2006--Whitney Information Network, Inc. announced today that on the evening of November 14, 2006, it had been notified by the Securities and Exchange Commission that the Commission was conducting a non-public investigation to determine whether the Company has violated any securities laws in connection with (i) the efficacy or trading success of the Company's stock market education programs, and, (ii) the Company's acquisition of certain other companies. The Company intends to provide the Commission with any requested information. Whitney Information Network, Inc. Receives Grand Jury Subpoena Dec 15, 2006 Whitney Information Network, Inc. announced today that the United States Attorney for the Eastern District of Virginia has notified the Company that it has commenced a grand jury investigation into certain of the Company's marketing activities. The Company received a subpoena on December 11, 2006 in connection with this investigation requesting documents and information from January 1, 2002 to the present relating to its marketing activities. The Company intends to cooperate fully with this investigation. Separately, the Company also announced today that it intends to withdraw its EduTrades, Inc. registration statement filed with the Securities and Exchange Commission. Whitney Information Network, Inc. Announces Departure of Officers Dec. 19, 2006--Whitney Information Network, Inc. announced today the termination of employment of Nicholas S. Maturo, President and Chief Operating Officer and Rance Masheck, Vice President, Sales and Marketing of EduTrades, Inc. (a subsidiary of the Company). PPS. THESE SEEM TO BE THE WHITNEY TOOLS OF TRADE 1. Fail to reveal a material fact 2. Be unfair, unconscionable, and deceptive in your Trade Practices 3. Cause a probability of confusion or misunderstanding 4. Create gross discrepancies between your oral representations and the facts.
Patrick
PORTLAND,Oregon,
U.S.A.
Current Russ Whitney investigations:
#4Author of original report
Thu, June 28, 2007
Current Whitney investigations: Whitney Information Network, Inc. Receives Notice of SEC Investigation Nov. 21, 2006--Whitney Information Network, Inc. announced today that on the evening of November 14, 2006, it had been notified by the Securities and Exchange Commission that the Commission was conducting a non-public investigation to determine whether the Company has violated any securities laws in connection with (i) the efficacy or trading success of the Company's stock market education programs, and, (ii) the Company's acquisition of certain other companies. The Company intends to provide the Commission with any requested information. Whitney Information Network, Inc. Receives Grand Jury Subpoena Dec 15, 2006 Whitney Information Network, Inc. announced today that the United States Attorney for the Eastern District of Virginia has notified the Company that it has commenced a grand jury investigation into certain of the Company's marketing activities. The Company received a subpoena on December 11, 2006 in connection with this investigation requesting documents and information from January 1, 2002 to the present relating to its marketing activities. The Company intends to cooperate fully with this investigation. Separately, the Company also announced today that it intends to withdraw its EduTrades, Inc. registration statement filed with the Securities and Exchange Commission. Whitney Information Network, Inc. Announces Departure of Officers Dec. 19, 2006--Whitney Information Network, Inc. announced today the termination of employment of Nicholas S. Maturo, President and Chief Operating Officer and Rance Masheck, Vice President, Sales and Marketing of EduTrades, Inc. (a subsidiary of the Company). PPS. THESE SEEM TO BE THE WHITNEY TOOLS OF TRADE 1. Fail to reveal a material fact 2. Be unfair, unconscionable, and deceptive in your Trade Practices 3. Cause a probability of confusion or misunderstanding 4. Create gross discrepancies between your oral representations and the facts.
Patrick
PORTLAND,Oregon,
U.S.A.
Current Russ Whitney investigations:
#5Author of original report
Thu, June 28, 2007
Current Whitney investigations: Whitney Information Network, Inc. Receives Notice of SEC Investigation Nov. 21, 2006--Whitney Information Network, Inc. announced today that on the evening of November 14, 2006, it had been notified by the Securities and Exchange Commission that the Commission was conducting a non-public investigation to determine whether the Company has violated any securities laws in connection with (i) the efficacy or trading success of the Company's stock market education programs, and, (ii) the Company's acquisition of certain other companies. The Company intends to provide the Commission with any requested information. Whitney Information Network, Inc. Receives Grand Jury Subpoena Dec 15, 2006 Whitney Information Network, Inc. announced today that the United States Attorney for the Eastern District of Virginia has notified the Company that it has commenced a grand jury investigation into certain of the Company's marketing activities. The Company received a subpoena on December 11, 2006 in connection with this investigation requesting documents and information from January 1, 2002 to the present relating to its marketing activities. The Company intends to cooperate fully with this investigation. Separately, the Company also announced today that it intends to withdraw its EduTrades, Inc. registration statement filed with the Securities and Exchange Commission. Whitney Information Network, Inc. Announces Departure of Officers Dec. 19, 2006--Whitney Information Network, Inc. announced today the termination of employment of Nicholas S. Maturo, President and Chief Operating Officer and Rance Masheck, Vice President, Sales and Marketing of EduTrades, Inc. (a subsidiary of the Company). PPS. THESE SEEM TO BE THE WHITNEY TOOLS OF TRADE 1. Fail to reveal a material fact 2. Be unfair, unconscionable, and deceptive in your Trade Practices 3. Cause a probability of confusion or misunderstanding 4. Create gross discrepancies between your oral representations and the facts.
