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G W A Production

  133 inquiries |
Ponzi Scheme Business Opportunities

468 North Camden Drive Suite 312
Beverly Hills, CA 90210
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(310) 860-5140

Company Rating

F

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Customer Reviews

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Complaint Experience

N/A

Complaint Resolution Index (CRI)

Membership Information

This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.

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Complaints and Resolutions

Complaint Experience

N/A

Complaint Resolution Index (CRI)

BCA's Summary and Analysis:

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Complaint Closing Statistics

0 complaints against G W A Production closed in last 3 years.
Complaints Type of response
0 Making a full refund, as the consumer requested
0 Making a partial refund
0 Agreed to make an adjustment
0 Refusing to make an adjustment
0 Refuse to adjust, relying on terms of agreement
0 Unanswered

Other Information

Company Info

This company's business is the offer or sale of a wealth building offer in the form of private bannking investments.

Primary Contact: Gwendolyn Hughes (CEO)
Business Started: 1/1/2002
Social:

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Licensing

We know of no licensing or registration requirement for companies engaged in this company's stated type of business.

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Government Actions

BCA has no information regarding government actions at this time.

Comments and Analysis

We believe that this company's profit claims are unrealistic. Further, it appears that this offer may require registration with the State Securities Commissioner. We could find no evidence of registration. This company cannot sell the member the ability to open a bank account. Accounts are approved or denied by banking personnel, not an independent third party collecting a fee.We have not had sufficient time to develop a customer experience record. To date, no complaints have been brought to our attention. This company sells a membership money investment opportunity for an initial fee of $210. The plan is advertised as a fundraiser for churches and non-profit organizations, but is open to individuals as well. The $210 membership fee claims to provide members with a source of extra income without working a second job, a way to eliminate bills, and, a way for "banking challenged" members to open an FDIC insured account regardless of past banking history. Income is generated in theory, by referring others to the plan. For each referral, a member can earn $50 to $100. Members are solicited to invest a minimum amount of $1000. Low end projected earnings claims based on a 25% return rate over a 60 day period are guaranteed to investors within two to four months, or they are entitled to a full refund of all money paid. Projected figures for high end investments of $2500 or more promise a 50 to 90% return rate.

Other Considerations

We know of no other matter or practice relating to this company that may assist you in your consideration of this company.

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Additional Info

DBAs:

GWA/Beverly Hills Banking System
Beverly Hills Banking System
G W A

Websites:
There are no additional web sites.

Contacts:

Vince Smith (CFO)