Millionaire Academy complaints

Complaint Experience

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BCA's Summary and Analysis:

Complainants allege high pressure sales tactics, misrepresentation of services offered, unfullfilled contracts, and general dissatisfaction with the quality of the course material taught at the Real Estate Seminars. Clients complain they pay $4,000 to $6,000 for the Real Estate course but fail to learn anything new. One customer stated that each week the course was the same as the previous. Most complainants allege they paid various amounts in addition to the price of the seminar training, ranging from $2000 to $5000 as "escrow deposits, " "downpayments" or other fees associated with investing in a real estate venture with the company. Customers complain the company failed to provide appropriate contracts or an investment prospectus concerning the amounts they invested in buying a property. All complainants report they have received no benefits as a result of investing the money. A few clients have reportedly been advised their invested amounts were non-refundable, had been used for administrative costs, or have otherwise received a run around when inquiring on the status of their investment. One customer complained that they paid $6,000 for their course, cancelled before the cancellation period but despite the company's promises they failed to receive a refund.

The company responds to some complaints by stating that the customer's refund period had expired, but eventually settling by providing refunds on the property investment amounts, and in some cases, refunding the cost of the course materials as well. .

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