Saturday, February 27, 2010

TVI Express: operating ILLEGALLY in the US according to FTC

Federal Trade Commission requires ALL business opportunity and franchise sellers to give all potential buyers a disclosure statement that contains the following:
  • names, addresses, and telephone numbers of at least 10 previous purchasers who live closest to you;
  • a fully audited financial statement of the seller;
  • background and experience of the business's key executives;
  • cost of starting and maintaining the business; and
  • the responsibilities you and the seller will have to each other once you've invested in the opportunity. 
The TVI Express website has no such disclosure statement available. In fact, it only has ONE thing out of the five listed ANYWHERE on its website: cost of starting and maintaining the business ($250-$275, and $0). It does NOT provide any previous purchaser's info. It offers NO financial statement. It has NOTHING about backgrounds and experience of key executives. And it explains NO responsibilities between you and TVI Express (i.e. the contract terms you have to sign). Thus, it is clear that TVI Express is operating illegally in the US of A.

And please don't feed me some BS about how TVI Express is really a travel club. Even TVI Express's website says you are a distributor, and a business opportunity provider.

And yet there's bazillion articles on the Internet that somehow tries to convince you that TVI Express is NOT a scam. Well, it is illegal in the US, that's for sure. And if you want to throw you money at an ILLEGAL business, that's your problem.

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