As promised, I am following up on my last blog entry to discuss a bit more the theft of 10,000.00 from me by a trusted Invention Help Company. Again, this was pre-internet days, so a lot of business was done on trust. I did as much research on this company as I could and the slick information pack they sent me was very professional, so the next step for me was fly to Pittsburgh to meet with them, and the sting began instantly.
So what were the warning signs I missed as a young inventor and cost me ten grand to learn. When I arrived in Pittsburgh I had to take a taxi to the downtown area, they should have picked me up at the airport, but that would’ve spoiled their grand entrance when we finally met. I arrived at a very tall impressive looking building, and as I walked thorough large glass doors to a reception desk, I handed the receptionist my business card and told her who I was there to see, I assumed she would give me directions to an office for my meeting, instead, she made a call and I was told my party would meet me in the lobby area by the elevators. Within one minute, the doors opened and a very well dressed man and woman came walking towards me. The woman’s voice was the same I heard on the phone discussing my invention, she introduced me to the President/Owner of the company. He informed me how much he loved my product line and notified me we would be going to his home to actually see it work and shoot some footage to be used in a commercial. to promote my products. We drove through beautiful neighborhoods and arrived at our destination, the home was amazing but, just a prop to continue the sting that was playing out. We went into the front door that was unlocked and stood in a kitchen area, I remember seeing a wall of stainless steel refrigerator doors and that really caught my eye. He said he’d love to show me around but they were having work done and he couldn’t, at that time we went outside to one of the garages to test my product. I had expected to see at least one camera person and lighting set up to shoot the commercial footage and was surprised that the woman I had been dealing with opened a bag and pulled out a camcorder, she was the camera person. The testing and demos were perfect and within 15 minutes everything was completed. They seemed so excited about the products and how they performed I believed nothing but money was in my immediate future. We spoke an additional few minutes and he went inside to call me a taxi, I was on my way back to the airport that quickly. So, what did I miss and what did I learn?
They didn’t pick me up from the airport because they wanted me to walk into this very impressive business building in Downtown Pittsburgh. They didn’t want me to come up to their offices because they had none in the building, it was an early version of a Virtual Office, meaning they rented the receptionist to call them down when a client came into town as part of the sting to take my money. We then drove to a home that I am sure belonged to somebody else and was used or rented for the morning to further the theft of my money.
So, how did they get away with it and why didn’t I recover my money? Well, they stopped taking my calls about a week after my returning to Wisconsin. The receptionist in the office building that I visited, said they haven’t been answering their phones for a few days. I knew at that point that I was taken, but I kept looking for answers. I contacted the City DIstrict Attorney and told them of what had happened, after about one week I received a call back informing me the company had filed bankruptcy and was advised to seek legal help, which I did. My attorney discovered a long list of creditors that were also trying to recover money and I wouldn’t even recover enough for my own attorney fees, so I ended the action.
At that point, I walked away from inventing for about 7 years, turned off by the thiefs and cons that were allowed to run wild and steal from inventors. When I decided to renew my passion, I was very cautious who I became involved with and did all marketing of my products on my own, and quickly learned how this business worked. I’ve heard my story repeated by inventors weekly over the years, loss of thousands of dollars, families, friends and more. This is why I hate Invention Help Companies, I believe they’re all the same, just different way of going about separating you from your money. The percentage of inventors making just one dollar more than they paid in service fees is dismal at best. Please go to randyjack.com and speak to me, I am an inventor, I am one of you.
- Posted by Randy Jack
- On December 19, 2017
- 0 Comment