I met Ron years ago and he came across as a great guy. I attended several of his free seminars and my wife and I decided to buy a piece of investment property (just land) from him for $8,000. Fast forward 5 years. I began to be curious what our piece of land was worth (in Arkansas) and decided to call up a real estate agent. I explained to them how we acquired the land and for what purpose. I then told them where it was. There was an awkward pause on the phone before the agent took his time in telling me I had been scammed. It is an area that the properties have never really been worth more than $500 - $1000. In fact they have lost value the last 10 years. I asked him how that could be. We had done our due diligence and looked up properties in the area to research prices and at the time it seemed a good deal. He explained that companies like Ron's (which no longer exists. It was the Pangea Real Estate Group) came in and bought up hundreds of lots. They then post all of them online at the much higher prices making it look like that is what lots are selling for at the time. Long story short, our $8,000 lot is actually only worth $500-$1,000. By the time the realtor takes a commission I am looking at several hundred bucks. I couldn't believe what I had just heard so I tried 2 other real estate agents. They were even more frank in letting me know I had been scammed. I have tried contacting Ron directly by phone, email and through his office. His answering machine just says that he is in the Bahamas for an extended period of time. Not sure if he has fled the country to avoid jail time or what. I can't warn people enough. Ron will come across as legitimate in every way. He is one of the best con men I have come across. By all means, invest in real estate, but don't take your chances with him. I would hate to see anyone else loose their hard earned money to a scam so that he can continue living in the bahamas for extended periods of time. I am beginning to also search for others who have been scammed by Ron Phillips. If you are one of them and happen across this review let me know your story. Send me an email at ronphillipsisascam@gmail.
Wealth Accelerator System Reviews
I met Ron years ago and he came across as a great guy. I attended several of his free seminars and my wife and I decided to buy a piece of investment property (just land) from him for $8,000. Fast forward 5 years. I began to be curious what our piece of land was worth (in Arkansas) and decided to call up a real estate agent. I explained to them how we acquired the land and for what purpose. I then told them where it was. There was an awkward pause on the phone before the agent took his time in telling me I had been scammed. It is an area that the properties have never really been worth more than $500 - $1000. In fact they have lost value the last 10 years. I asked him how that could be. We had done our due diligence and looked up properties in the area to research prices and at the time it seemed a good deal. He explained that companies like Ron's (which no longer exists. It was the Pangea Real Estate Group) came in and bought up hundreds of lots. They then post all of them online at the much higher prices making it look like that is what lots are selling for at the time. Long story short, our $8,000 lot is actually only worth $500-$1,000. By the time the realtor takes a commission I am looking at several hundred bucks. I couldn't believe what I had just heard so I tried 2 other real estate agents. They were even more frank in letting me know I had been scammed. I have tried contacting Ron directly by phone, email and through his office. His answering machine just says that he is in the Bahamas for an extended period of time. Not sure if he has fled the country to avoid jail time or what. I can't warn people enough. Ron will come across as legitimate in every way. He is one of the best con men I have come across. By all means, invest in real estate, but don't take your chances with him. I would hate to see anyone else loose their hard earned money to a scam so that he can continue living in the bahamas for extended periods of time. I am beginning to also search for others who have been scammed by Ron Phillips. If you are one of them and happen across this review let me know your story. Send me an email at ronphillipsisascam@gmail.