Consumer reviews and reports on scam companies, bad products and services
Economic Freedom Corporation
Economic Freedom Corporation EFC Total ripoff, scam to get your money, very deceptive in wording of what is required to make money Phoenix, Arizona
31st of Dec, 2010 by User750038
I was contacted by telephone from a man who said he got my name as being someone interested in earning some extra money. He said his company worked with Mastercard/Visa and they tried to help small businesses get the best rate when processing credit card charges.


The man told me that I could become an affiliate with the company for only $495.00 and that I would email to their company the names and phone numbers of small businesses in the area where I lived. He said that for every business that converted over to their system, I would receive a certain % of every card that was swiped.


He asked for 5 businesses and said that someone would be calling the next day to talk with me further. I e-mailed 24 businesses and their phone numbers because I have lived in this area for a long time and know lots of people.


I asked for an e-mail confirmation to confirm that the company received my e-mails with the business names and phone numbers. I did not receive this and was concerned that they may not have received my e-mail.


The next day a man by the name of Michael Blanchard called me and said he was the chief operating affiliate director and that he would be my coach. I asked him about my e-mail and he assured me verbally that it was received.


He continued to tell me that their company was rated an A with the Better Business Bureau which I found out later was not true at all. Mr. Blanchard proceeded to tell me that after my initial investment, I would need to make a "surge" to push my business a little and that I would need to make a payment for either a platinum membership, a gold, silver, or bronze membership depending on how much money I wanted to invest, the lowest being $7500.00.


I told him I was not interested in making a further investment and would just stick with the merchant card services. He seemed quite annoyed and was beligerent in his tone with me. After that, I had no idea where I stood and if I was still considered an affiliate or what. There would also be a recurring monthly hosting fee of 24.99 which would be charged to my credit card. I have had no success in reaching the company to answer my questions. At this point, I realized I was dealing with what I considered to be a dishonest business and do not want to be a part of this type of team.


Comments
5010 days ago by John111
04/04/2011
My name is John Wilson. I worked for the “EFC” (Economic Freedom Corporation – AKA DW Scott, Bankcard Empire, and Innovative Marketing Strategies), and all the other names they call themselves. I quit after I realized the full extent of the deception they employ in their business practice. However, I was fortunate enough to learn a great deal of information regarding the procedures that will effectively get unhappy client’s their money back. Although they will claim that the fee is not refundable, I have information regarding the laws & procedures that contradict that. I have been forced to look for work and have not secured another job to date. I spend a lot of time assisting people that have lost money to EFC in the best plan of action available for a partial if not full refund.
I charge a small fee of 20.00 dollars. It pays for my internet, stamps and envelopes. . Unlike EFC, I will not disappear, and I will always answer my phone, I will not ask you for another dime. Send a check or money order to:
John Wilson
6232 North 11th Street Apt #3 Phoenix, Arizona85014
Re: EFC
Enclose a letter explaining the circumstances of your situation. I will send you a detailed plan of action immediately. Please include when your commitment with them began. and any particulars regarding what you were led to believe you were to get for your money. I have no need for any personal information just a brief out line so I can best direct your efforts. This is not a guarantee of a full refund of the money you lost to this company but I will give you the best shot I can with everything I know about their setup, and the methods they employ.
. If you lost hundreds or thousands to these people, It is worth 20- dollars to have the chance I can offer to get your money back. My information comes from the inside of their operation. I will coach you as far as reasonably possible and be available to coach you over the phone at any reasonable hour. I encourage you to call me and get to know me before committing your money or trust with me.
My procedure gets results. Give me a call @ 602-265-6674; let’s see if we can get your money back. They only get away with it, If you don’t fight back. John

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