MPowerTec formed as a marketing arm selling POS (point-of-sale debit machines) February 2005. They took money from over 600 investors across canada with the aid of "independent contractors" at a cost of $3, 500 per machine. The contractor I purchased from was Brent Magnan with assistance from Darren Weeks out of Alberta, Canada. I was not informed of the trouble mPowerTec was having with Affinity (their partner) over 6 months before I made my purchase late 2006.
The contract stated a 3-month wait until POS machine deployment and income. This wait extended with false promises and updates until the big email on May 11, 2008, in which mPowerTec stated: their partner, Affinity, scammed them by taking all investor money with fake certificates of placement. Mediation followed until Affinity claimed bankruptcy, and our POS machines went to their friends as "creditors" and, just wait, the lawyers mPowerTec used didn't protect us from taking it. Now they're hiring new lawyers to sue the old lawyers, but even if we do somehow get the machines back, mPowerTec is not responsible for account placement (surprise). mPowerTec also has no money left to purchase new machines and has no accounts other than Coffee Time (after claiming the opposite for one and a half years). The only account they have procured is servicing the earliest investors/contractors only. mPowerTec does not return my emails, their phone numbers are dropping out of service, and the independent contractors who sold us the accounts are disinterested (after receiving their fees?). Certainly no one is helpful in investigating the claimed innocence or criminal activity of mPowerTec, or has suggested a class-action suit.
I even read that Darren Weeks of Fast Track to Cash Flow continues to advertise mPowerTec as an investment! This is outright theft.
Scammed
Calgary, Alberta
Canada
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