Sunday, May 31, 2009

actioncoach scam

http://www.soulcast.com/post/show/71156/Brad-Sugars-Action-Coach

www.ripoffreport.com/reports/0/119/RipOff0119653.htm

http://www.unhappyfranchisee.com/actioncoach-brad-sugars-overview-discussion/

This company also claims that every working day a new franchise is purchased. That would be at least 250 per year. The company records show that only about 70 new franchises have been started up in the last 2 years. That would either mean that they are fraudulently misrepresenting their numbers to trick prospective buyers into purchasing a franchise, or there is a 80% + failure rate on new franchise startups. Aside from that the company owner, Brad Sugars, openly brags about ripping off poor people and people in less fortunate situations. Brad Sugars claims in his book "Billionaire in Training" that there are winners and losers in business. The winner gets the profit by taking advantage of those less fortunate, and the loser gets ripped off. So this implies that if you purchase a franchise from Brad Sugars, since Brad wins by getting enormous profit, the franchise owner (or prospective owner) is the loser. This would explain the unbelievably high turnaround rate.

Brad Sugars, Fraud, Scam, Ripoff

Stay away from these tricksters.