Complaint Review: TLMA CONSULTING - Orlando Florida

Tlma changed it's name to TLMA, LLC - The Leader in Merger & Acquisitions. They were previously Principal Acquisitions and were founded by 2 guys who worked for Aliance Acquisitions Associates. These guys are bad news. They split up since TLMA was formed but Carlos Keeling is still running the show at TLMA. This guy worked for Norvergence as well(Look them up, huge scam!!) They con buisness owners into buying over priced buisness valuations with the promise they will refund the money if the buisness does not sell within a year. Well, the contract actualy says they only have to introduce you to a potential buyer. It is a total scam and they will not sell your buisness they will only keep your money. The buisness evauator they send to go over your financials to qualify you for their buyers is a salesman who keeps 50% of the money you pay for the valuation. If he tells you his expenses have already been paid for the trip he is lying. He wants to tell you anything you need to hear to so he can cover his expenses. If he doesn't sell you a valuation he makes no money. If he tells you different he is lying. Ask him to prove it. TLMA has no prequalified buyers, or any buyers to speak.

Tlma changed it's name to TLMA, LLC - The Leader in Merger & Acquisitions. They were previously Principal Acquisitions and were founded by 2 guys who worked for Aliance Acquisitions Associates. These guys are bad news. They split up since TLMA was formed but Carlos Keeling is still running the show at TLMA. This guy worked for Norvergence as well(Look them up, huge scam!!) They con buisness owners into buying over priced buisness valuations with the promise they will refund the money if the buisness does not sell within a year. Well, the contract actualy says they only have to introduce you to a potential buyer. It is a total scam and they will not sell your buisness they will only keep your money. The buisness evauator they send to go over your financials to qualify you for their buyers is a salesman who keeps 50% of the money you pay for the valuation. If he tells you his expenses have already been paid for the trip he is lying. He wants to tell you anything you need to hear to so he can cover his expenses. If he doesn't sell you a valuation he makes no money. If he tells you different he is lying. Ask him to prove it. TLMA has no prequalified buyers, or any buyers to speak.

Tlma changed it's name to TLMA, LLC - The Leader in Merger & Acquisitions. They were previously Principal Acquisitions and were founded by 2 guys who worked for Aliance Acquisitions Associates. These guys are bad news. They split up since TLMA was formed but Carlos Keeling is still running the show at TLMA. This guy worked for Norvergence as well(Look them up, huge scam!!) They con buisness owners into buying over priced buisness valuations with the promise they will refund the money if the buisness does not sell within a year. Well, the contract actualy says they only have to introduce you to a potential buyer. It is a total scam and they will not sell your buisness they will only keep your money. The buisness evauator they send to go over your financials to qualify you for their buyers is a salesman who keeps 50% of the money you pay for the valuation. If he tells you his expenses have already been paid for the trip he is lying. He wants to tell you anything you need to hear to so he can cover his expenses. If he doesn't sell you a valuation he makes no money. If he tells you different he is lying. Ask him to prove it. TLMA has no prequalified buyers, or any buyers to speak.

Tlma changed it's name to TLMA, LLC - The Leader in Merger & Acquisitions. They were previously Principal Acquisitions and were founded by 2 guys who worked for Aliance Acquisitions Associates. These guys are bad news. They split up since TLMA was formed but Carlos Keeling is still running the show at TLMA. This guy worked for Norvergence as well(Look them up, huge scam!!) They con buisness owners into buying over priced buisness valuations with the promise they will refund the money if the buisness does not sell within a year. Well, the contract actualy says they only have to introduce you to a potential buyer. It is a total scam and they will not sell your buisness they will only keep your money. The buisness evauator they send to go over your financials to qualify you for their buyers is a salesman who keeps 50% of the money you pay for the valuation. If he tells you his expenses have already been paid for the trip he is lying. He wants to tell you anything you need to hear to so he can cover his expenses. If he doesn't sell you a valuation he makes no money. If he tells you different he is lying. Ask him to prove it. TLMA has no prequalified buyers, or any buyers to speak.

This is the link www.entrepreneur.com/management/legalissues/article173648.html Following is the article itself. Common Small-Business Scams Protect your business by getting familiar with some of the more creative scams entrepreneurs are falling prey to these days. By Rich Mintzer | January 25, 2007 Valuation Fraud "The business sends faxes asking if you're interested in selling your business," says Sue McConnell, PR director for the Cleveland Better Business Bureau. "If you want to sell your business, they claim they'll find buyers interested in your company. You send a fax back, and they send someone to come out to speak with you. After that, you pay several thousand dollars in advance to have a valuation done to determine what your business is worth. After you've paid, they disappear," explains McConnell, whose office has issued a warning to the local media and on their website after this scam was reported by several area business owners who'd been duped. According to the warning issued by the Cleveland Better Business Bureau, "The Secret Service is investigating complaints from hopeful sellers who report they were duped into paying advanced fees ranging from $5,000 - $11,995 to Global [Business Acquisitions] for the valuation. Once the fees were paid, Global made no further attempts to assist the seller with finding a buyer. Although Global promised to refund the fees upon request, victims who tried to get a refund were either denied or discovered the telephone number was disconnected." Smart Tip:Think twice before pursuing any faxed inquiries about selling your business. Always check a company's references before pre-paying for any services.

Willard, as I get more info I will let you know, all i know is the business name, if you go to the BBB they are listed and not members the info is all right there, what town in Ohio has the info I would love to read it and see if we can't get something else done. What do you know about some of these larger broker companies now asking for business valuations? I have heard that they are now doing it to. let me know Thanks

Marcus, I would love any info you have. These scumbag rippoff artists breed like rabits. I realy wish the Secret Service would ramp up the investigation started in Kansas. I also found another news article about the Secret Service involved in another investigation in Ohio for the same buisness valuation scam. The local chamber of commerce had issued a warning to all local buisness via it's web site and their warning included the investigation details. Do you have any email addresses, phone numbers, physical address, owners name, or incorporated as info. for these blood suckers? Share it with me.

Willard have you heard of a company by the name of Heritage Business Enterprises? Check it out they are in Texas this is an analyst that worked for Principal and TLMA just left to start his own scam....

Beware they are staffing up for the scam assault. They may be calling now instead of sending you a fax. It looks like Principal scammed enough money to open a telemarketing depatment. LTMA Consulting is Principal Acquisitions Reply to: job-310251366 Date: 2007-04-11, 6:06PM MDT TLMA Consulting currently has an opening for an experienced inside sales representative. This is a virtual position and can be located anywhere in the US. The primary responsibility of this position is to qualify leads generated by the telemarketing department to determine if they warrant a visit from one of our Business Analysts. Qualities that will ensure success in this position include: Ability to make 80-100 phone calls a day Self-Starter able to work independently with little supervision Comfortable with computer database entry This position is a 1099 contract position and pays $600 a week + Bonus. Realistic earnings of $35K to $40K. www.tlmaconsulting.com

Alliance Acquisitions Associates changed names at least 3 times. It was previously Fidelity Acquisitions and GE Acquisitions. Now 2 former Alliance Acquisitions Associates employees Carlos Keeling and Alex Marchovich are following in the footsteps of there former employer and Changing Principal Acquisitions name by closing down shop about a year after scaming hundreds of business into purchasing a business valuation. Just in time to avoid the heat of all thoes customers trying to get their money refunded as per the year guarantee. What a surprise when they told you all they had to do was intoduce you to a buyer not sell your buisness. Now Carlos and Alex will be doing the same thing again with their new company. TLMA consulting is Principal Acquisitions Scam, Fraud, Lie, Steal.