The FTC has filed a complaint against the Tax Club, which has defrauded people trying to start businesses in a Multimillion-Dollar Fraud.
The Federal Trade Commission has filed a complaint against the Tax Club, an organization that claims to help people start successful businesses. Offering a package of consulting services and advice, The Tax Club was actually a web of more than 60 companies and legal entities with a single purpose: to defraud entrepreneurs.
The Tax Club website is very professional and purports to show many happy clients, and its executives have been interviewed on television. But according to the FTC, this was all just window dressing.
Using a combination of online marketing and telemarketing, salespeople would probe potential customers for financial information to determine how much they could pay for the services and try to extract that money from them. In some cases, the sales representatives offered to speak to the customer’s bank to increase their credit limit. Maranda James lost over $10,000 in “services” that turned out to be worthless or were never delivered. The FTC investigated after recieving more than 600 complaints regarding the Tax Club.
About small business finance expert Mike Periu
Mike Periu has experience in small business finance. He founded Proximo, LLC a company that offers consumer and small business training services focused on technology and money.
Mike Periu teaches individual empowerment through entrepreneurship and financial literacy. He has appeared 500+ times on television and radio. Visit the Reach and Media pages of his website to learn more about where he has appeared.
You can read more of Mike’s articles on his blog or at American Express OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike has a degree in International Business and Finance which he received at Georgetown University in Washington, DC. He received a Fellowship from the Kauffman Foundation for the Labs for Enterprise Creation program in Kansas City.
