Joe Angelo of Lynnfield, MA-based Lease One Corporation claims that for a one-time fee of $19,900, you can begin servicing a $270 billion industry as a leasing broker and part of the “Lease One Family.”
On the Lease One business opportunity website, Joe claims that, as one of the 200+ Lease One brokers, “you’ll be in business for yourself, but never, ever by yourself.”
As 8 out of every 10 businesses lease equipment, our Associates are right there providing those customers with top notch service and the money they need to make their businesses flourish. With a low investment cost it isn’t hard to see why Lease One Associates are maximizing their investment and enjoying a life-style they have always wished for.
However, allegations that the Lease One broker opportunity is nothing more than a scam and a Ponzi scheme are so prevalent on complaint sites like Rip-Off Report, Complaints Board that the Unhappy Franchisee site posted the question: LEASE ONE CORPORATION: Is It a Scam?
Larry David wrote:
SCAM, SCAM, SCAM. Thank God people are speaking out , thank God I found this website. I signed up and paid my $19,900 two years ago… I was downsized and looking for an opportunity to control my own destiny. The $19,900 was cheap compared to other businesses and I had financial experience. I spoke to LeaseOne first and they convinced me to join. What a SCAM. The train was very basic and the service is completely horrible. The support team is slow and unresponsive… It became clear that these guys are in the business of signing folks up for $19,900 and hoping they do like me and drop out of the program. The scam starts at the low price compared to other business opportunities and finishes when you get so frustrated that you walk away. These guys are great con artists.
King Carpenter, MA wrote:
John R wrote:
Lease One is a complete SCAM!! I paid $20,000 attended the training and was never able to get a deal close through them. I was close on one occasion ongetting a $75,000 deal done but they tacked on a $3,5000 processing fee in the 11th hour and the deal fell appart. The backroom support they claim to have is totally inept. I submitted many good deals that seemed to fall into a black hole while my customers waited anxiously on feedback as to whether or not their funding was approved…
Read more on the Lease One broker opportunity here:
LEASE ONE: Scam to sign up brokers?
LEASE ONE CORPORATION: Is It a Scam?
ARE YOU FAMILIAR WITH THE LEASE ONE BROKER OPPORTUNITY? IS IT A LEGITIMATE, LOW-COST OPPORTUNITY OR A FRAUD & A SCAM? SHARE YOUR THOUGHTS BELOW.
Post from: Franchise Pick