Entrepreneur Expansion
Ripoff It's not a question of if but when and how much EEC will rip you off

EEC aka Entrepreneur Expansion Corp of Canada is a company selling ATM machine and location packages as well as franchise packages. They ripped me off for $250, 000.00 US.

I got involved with them in 2003 at a trade show in Charlotte North Carolina. Over the span of one year I purchased 16 machine and site locations from them. All my checking showed no problems with the company and the references all checked out. I later learned all the references were insiders. I worked several trade shows with one of the principles as well as several representatives of EEC, not franchise holders, thinking I might want to purchase a franchise.

The first problem to surface was their refusal to replace non productive sites or move machines from non productive locations. This was promissed to me at the show in Charlotte. At the shows I worked with the company, potential customers were always told new sites would be found by the principles of the company as well as by the representatives woorking the show.

The second problem was EEC selling sites and machine packages I purchased to third parties without consulting me and without compensating me. I was told for over a year new sites were forthcoming but never were. I am now told EEC no longer finds sites and I will recieve no compensation.

The third ripoff was in their accounting. My cut of transaction fees have been cut as well as eliminated. In one case there was a shortage of $9, 000.00 over several months. When I complained I was told I was crazy. After continuosly complaining tney finaly checked and I was right. While they did settle up on that complaint it has repeatedly happened since. I have also been fraudulently billed for a insurance deductable. I was told and have paper work stating the deductable was $500.00 but when there was a claim I was billed for $2000.00 US. I later learned the deductable was actually $1000.00 Canadian or about $750.00 US. When I refused to pay the inflated bill EEC sold the site to a third party without my permission and without compensation.

The fourth problem was with two machines I agreed to take in exchange for two of my sites they sold without my permission. The machines were to be virtually new. When I recieved the machines one of them was so old the software was outdated. EEC refused to even upgrade the software.

I have made many efforts to resolve the problem. I have offered to settle for 30 cents on the dollar. Bill Lougheed refused and offered me 7 cents and that was only if I take a franchise agreement. Mr. Lougheed insisted I agree to commit to purchasing machines exclusivley from him at inflated prices and wanted a guarente of volume. Mr Lougheed doesn't feal obligated to me in any way and claims the problem I have with EEC not providing goods and services paid for is that I don't work hard enough and not him meeting his obligation to fullfil those orders and promises.

I am going to start taking legal action shortly but doubt there is anything of value for me to attach. I doubt EEC will be in existance in another year. There are many other people who have been scamed by EEC. I know of a teacher in Charlote as well as others. If you do business with EEC you will be scamed. It is just a matter of when and how much they will get.

Company: Entrepreneur Expansion
Country: Canada
Province: Ontario
City: Saint Catharines
Address: 51 Farmington Dr
Phone: 9059849334

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