Friday, March 5, 2010

*SCAM* ROBERT KIYOSAKI


*CONFIRMED SCAM*

Robert Kiyosaki

A number of people asked me about Robert T. Kiyosaki and his book Rich Dad, Poor Dad. When I said I didn’t think he was a real-estate guru, they insisted he was. Several told me I would like him, that he preaches a message like mine. Eager to find such a guru, I bought his book, Rich Dad, Poor Dad, in a bookstore.

Summary

Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred.

Kiyosaki is a salesman and a motivational speaker. He has no financial expertise and won’t disclose his supposed real estate or other investment success.

Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice.

    Dangerous advice

  • "If you're gonna go broke, go broke big"
  • Convinces people that college is for suckers
  • Law-breaking advice

  • Advocates committing a felony: have rich friends for trading stock based on non-public inside information, he says "That's what friends are for."
  • Recommends tax fraud by deducting vacations and health club dues
  • Brags about using a partner weasel clause in which his cat is his partner
  • Bad liar

  • Can't keep track of his story
  • Shouts from the rooftops how rich he is, but refuses to disclose real estate portfolio because he "doesn't want people to know he has money"
  • Apparently lied about going bankrupt in 1985
  • Claimed his net worth is $50-$100 million depending on the day; his Rich Dad Poor Dad coauthor said in court that he only made $9 million
  • His "best teacher ever" changed repeatedly
    1. '92 - Ralph Kiyosaki (Poor Dad)
    2. '97 - Rich Dad
    3. '06 - Buckminster Fuller

    I'm not the only critic

  • Wall Street Journal: "Rich Men, Poor Advice"
  • Smart Money Magazine: "Karma Chameleon"
  • Fiction posing as non-fiction

  • Oprah needs to confront Kiyosaki about calling a fiction book non-fiction just like she did with James Frey
  • He asks why Rich Dad has to be any more truthful than Harry Potter
  • Admits fictionalizing on copyright page of Rich Kid, Poor Kid
  • Admits to 20/20 that he doesn't teach people how to get rich
  • "Marine corps made him what he is today" - he was laterally transferred to the Marine Corp from the Merchant Marine and Navy, he never went through the entry-level Marine training
  • Lied about desertion while serving in Vietnam (admitted later he just missed the boat)
  • Became a helicopter pilot to "lead men" (platoon leaders and company commanders lead men; pilots lead machinery)
  • Rich Dad, Poor Dad triggers the following items on my Real Estate B.S. Artist Detection Checklist: 1, 6, 7, 10, 11, 13, 20, 26, 27, 28, 29, 30, 31, 38, 39, 46, 49.

Kiyosaki sued by co-author Sharon Lechter

Sharon Lechter, Kiyosaki’s co-author of Rich Dad, Poor Dad, sued him in Clark County, NV (Civil Case #07-A-549886-C). It was filed on 10/12/07. I would be interested in seeing the complaint. Apparently, little has happened in the case other than motions to dismiss.

On 9/4/08, the Arizona Republic newspaper carried a story that said Kiyosaki had paid an undisclosed sum to Lechter to settle the suit.

Creature of Amway

Over time, I have received numerous reports that Kiyosaki is primarily a creature of Amway (now Quixtar) and other multi-level marketing organizations. Reportedly, his books were not selling until he allied himself with that crowd. Then the volume of sales to those MLM guys made him a “best-selling author,” which caused normal non-MLM people to think the book must be good.

Collection of age-old clichés about money

A reader suggested that Rich Dad Poor Dad is nothing but a collection of clichés about money. Old clichés. Clichés that have been around since way before Kiyosaki claims “rich dad” originated them. The reader further said that Kiyosaki then appears to have simply made up a bunch of accompanying phony stories to fill the cliché collection out to the length of a book. She may be right. For example, Kiyosaki’s fear-and-greed advice (see below) is an age-old Wall Street cliché about securities prices.

Another reader put it this way,

But you have to admire a guy who can spin two or three paragraphs of very ordinary financial platitudes into such a range of books.

Now admits 'fictionalizing'

On 8/15/01, a reader told me Kiyosaki now has the words “Although based on a true story, certain events in this book have been fictionalized for educational content and impact,” in the fine print on the copyright page of Rich Kid Poor Kid. I had not previously been aware that “educational content and impact” justified lying. Also, I am now confused as to why Kiyosaki’s books are on the nonfiction best seller list if they are fictionalized. Probably because as A Million Little Pieces author James Frey discovered, it’s a lot easier to be a “best-selling author” with a fictional book labeled non-fiction than with a novel


Thursday, January 21, 2010

*SCAM* THRIVE Coaching



*CONFIRMED SCAM*


THRIVE COACHING

www.thriveli.com

COMPLAINT #1

at 7:43am Blogger Oliver224 said:

I paid over $5500 for a coaching program to work with THRIVE. I was about to work with a more credible coaching company until I was contacted by Trevor with Thrive and he mislead me to believe that they could deliver much more results for a lower tuition. He said that Thrive would only charge $5500 and that I would get more than I would get for the $8700 that I was about to spend with the other group. What he didn't tell me is that after spending $5500 with Thrive, they would call me several more times to try to get me to spend more. They said that I would have to spend $2000 more for the advanced classes to get to the level that I thought I was already supposed to get to with the $5500. They also said I needed to buy their software to make my business fully functional. That would mean another $1600 that I already didn't have. Now I'm stuck with a poorly built half of a business and they will no longer even return my calls. I'm currently working with my credit cards to get my money back. They are pretty hopeful that I can reverse the charges.


COMPLAINT #2

I have never used their website or services and returned thier software, return reciepted, and was told that I could not get money back and if I didnt continue paying on the contract I would be sent to collections.

Thrive contacted me on or around 9/18/2008. I was to have my first appointment on 9/22/2008 at 10:30 am. I was called at 11:30, an hour later and told that internet services were down in downtown Lindon. I was to be contacted at 4pm. I never heard back. The next day I e-mailed to request an elibrary password. I didnt hear back for a couple of days. Then I recieved a v/m stateing that I had to make an appointment. The guy on the phone was rude and spoke with a disturbing attitude stateing that is what up to me to set these appointments after the firt guy stated that he would contact me to schedule the appointment. I started to get frustrated and after e-mailing and calling with no response I emailed and called to get my money back.

I was contacted today, October 23rd, 2008, by Zach, and was told because I was out of my 3 day return period I could not get back my down payment. Zach informed me that if I didnt keep paying on my contract he would send me to collections.

I am now out $1, 500.00 down payment, $144.21 a month on a $5, 000.00 contract, $39.95 for software I returned, and $39.95 for monthly website rental fees.

From 9/18 to 10/23, 2008 is 25 business days, well within the 90 days and my initial contact to Thrive was within 5 days. This is a very suspicious way to do business.

COMPLAINT #3

I check all the forums on a regular basis and see the number of people that are still being scammed is sickening in its numbers.
I have seen many individuals asking the people responsible for ruining their lives and credit, these scum of the earth individuals such as COLTEN MOODY, ZACHARY BRADSHAW, DAVE AND MATT RASMUSSEN, " How do you sleep at night?"
So far they have not responded. So I will ask you guys again...COLTEN MOODY, ZACHARY BRADSHAW, DAVE AND MATT RASMUSSEN...HOW DO YOU SLEEP AT NIGHT?????????????????????????????????
When will you guys finally post an answer to this question? Or are you guys just gutless, spineless cockroaches that only come out at night and under the cover of darkness to feed? Or like leeches that hide quietly in the sludge and slime of murkey stagnant water only surfacing to bleed your victims dry?
You have responded personally to the author of the posts written on stop-telemarketers-scams.blogspot.com/
but of course that was only to do more of what your famous for-SCAMMING, yet you will not come out publicly and respond to your accusers on these forums.
Well, too bad for you...you can run but you cant hide. Karma is headed your way.

COMPLAINT #4

During the course of my traumatizing experience with my Thrive Learning Institute process, I was also sucked in to a big mess with a merchant business account to be able to accept credit cards for orders online. I was contacted by a person with Thrive (or so that’s what I thought). She went on to talk about a merchant account (online credit card possessing) and that I should sign up to begin accepting credit cards for online orders. She told me they would wave the setup fee for a limited time and that the offer would not last long (more tricks of the trade).I signed up on 3/11/09 thinking that I could still get a website going and salvage this program. A 35$ per month charge was to be in effect after activation of my account (so I was told). To my delight, Kayla, asked if I needed an appointment with their web builder. I agreed and she informed me that they were busy right now and that the soonest available appointment would be 3/30/08(almost three weeks). I agreed, even though I was frustrated at having to wait so long. I tried to continue my progress and anxiously waited for the web builder’s call. On the 3/30, after waiting all day, I received no phone call. This was the last thing I was willing to stand. After trying to make a go of this so called system (again and again) and working to pay off my upward spiraling debt, I realized, it would be impossible to complete this business. In late May 09, I realized on my bank statements that this company has charged their $35 fee for the last two months even without activation. I called customer service and (without asking for the two months totaling $70) I asked to please cancel the account and they informed me there is a $250 cancellation fee (which was never discussed or mentioned before I signed the contract). I never used this account and in fact never even activated it. After the initial shock of this and expressing this verbally, He told me the fee is negotiable. After a brief break from our conversation so he could talk to his manager, he returned to the phone and informed me they would be willing to go down to $150. I told him I would call him back and hung up disgusted. They have, as of July 1 charged me for June as well. I called to cancel the account on July, 9, 2009 and refused to pay a cancellation fee. I called my bank to place these charges in dispute and ask for a charge back to my account. My bank informed me they can only do a charge back for no longer than 60 days. I could only get the month of June and May placed back on my account. I was willing to leave it at that and chalk this up to a business loss. On July 29, 2009, I received a letter from the merchant account collection dept. stating that I owe a balance of $120 due by 7/31/09 or face further collection action. In addition, a report of the past due amount will be reported to credit bureaus. I disputed the charge asking them to wave the amount due and refund what I was charged for in total from them. I sent them a brief explanation of my negative experience with Thrive along with my complaint and a copy of the State of Illinois cease and desist order against Online Data Institute/Thrive Learning Institute. I faxed all this info yesterday at 2:15pm. I received a call from the collections department rep. around 3:15pm telling me they received the info; they will look it over and call me back tomorrow.

*SCAM* JOHN LANSING Trending123.com




*CONFIRMED SCAM*

JOHN LANSING


Trending123.com



COMPLAINT #1


Trending123.com offers a 14 day free trial. However, it took me about 20 emails to finally get them to cancel within that 14 day period, and then they still charged my credit card after cancelling my account during the trial period.

Now, they won't answer my emails, nor will they give me access to their website, but they kept my money. John Lansing from trending123.com is a crook and should be in jail.


I have emails stating that my account was cancelled during the trial period (in case anyone doubts me) and now nobody will respond to my refund requests. I actually posted my problem on their own sites message board to let the other members know what was happening to me (before I actually got my cancellation confirmation) and the message was deleted by John Lansing within 5 minutes of my posting it.

That's when I finally got my cancellation confirmation and I thought the whole deal was done...until I checked my credit card statement that is. I am currently working with my credit card company to have the charges reversed, but there is no way I should have to go through all this trouble...and there is no way any company should just keep somebodys money that is not rightfully theirs.

Many sites offer free trial periods and that is great, however, DO NOT SIGN UP FOR TRENDING123.COM....THEY WILL KEEP YOUR MONEY EVEN IF YOU CANCEL DURING THE TRIAL PERIOD (ASSUMING THAT YOU CAN EVEN DO THAT....THEY MAKE IT VERY DIFFICULT)!
mmspecs
Lees Summit
MO,--

COMPLAINT #2

At 8:12 PM, Blogger Rocketman said...

Actually, Trending 123 makes false claims on it's websites. He recently sent out a free letter that stated he was 110% sure the market was going to crash and that all the analyst will tell you the grass is green, but he will tell you the truth. He was certain that the markets were in a broadening triangle and he was invested in QID/SDS/DXD. He lost 5% before he reversed and decided to go long. He never referenced it on his next letter. He is notorious for making really bad calls on stocks and when it goes bad, he disappears. He leaves, will not go into the trading room and hides until the subscribers who are damaged leave. He is not as smart as he thinks he is and numerous clients have lost thousands following his advice.

COMPLAINT #3

TO THIS DAY I STILL HAVEN'T GOTTEN ANY OF MY MONEY BACK!!
This guy is a total scammer! His recommendations have cost my family tens of thousands of dollars!! Im 74 years old and I was using my retirement to trade on his recommendations and now I'm stuck with even less money than we started with. John Lansing should be sent to jail with Bernie Maddoff! Stay away from Trending123.com if it is that last thing you do! Trust me, I've lost money, you don't have to!

COMPLAINT #4

At 7:49 AM, Blogger J88 said...

I have been a subscriber with T123 for nearly a year and will terminate soon when current subscription end. Objectively, i agree with some of the comment that rocketman said. The site owner would disappear when portfolio turns bad. The site is best used for education purpose as there are really good idea flows at the the forum. I learnt most from the forum members. That is probably why the site still exist with voluntary contribution from forum members. In fact, my trading plan and strategy was developed with inputs from forum members.
As i observe from the chat room too. Members who don't complain much are those who didn't trade his recommendation.
But end of the day, T123 trades results should tell the truth and facts of the site quality. To date (4Jul08), the open stock portfolio amount to -663.99% loss. The option portfolio amount to -796.03% loss. There are currently more than 30 open stocks with most losses more than 50% and some holding more than a year. The options portfolio are mostly loser with more than 90% losses. The strategy used by the site is hloding the loser until it becomes a winner again and no stop loss is used.
The site is once a good site but i think the site owner seem to have some personal issues and could no longer attend to complaint and totally ignore member suggestion and complaints. Just recently he was away for 2 weeks without a proper and prominent posting of his absence on site home page or forum. Coincidentally, he choose to be away when market tumble. Furthermore, there was only one update of the winning open trade (not close yet; paper gain only)and no mention of how to mange the losing trades. Just yesterday he has given excuses of forum spam and shut down the forum until further notice.
So for trade education and mingling with other like-minded traders, this site is worth considering but quality is deteriorating. For trade recommendation, u must be ready to accept very long time frame and big losses. You can't complaint on the portfolio as you will be banned and labelled as negative and rat brain. The site owner is very defensive and he is good talker. He will not wait to talk you down and shut you out of the forum or chat room. Many good members has since left the site and the forum has less topics nowadays.
Lastly, i am very subspicious of love123. The way he writes reminded me of the way the site owner talk. That is, talk you down. Moreover, how would one love t123 when his portfolio is down so much unless he/she really got tons of money to burn. Otherwise, i am fine with the site for education purpose but not for long.