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Report: #473885

Complaint Review: The March Group - Coral Springs Florida

  • Submitted:
  • Updated:
  • Reported By: Kalamazoo Michigan
  • Author Confirmed What's this?
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  • The March Group 1401 N. University Drive Coral Springs, Florida United States of America

The March Group They contacted my company to convince me to sell and they had premium buyers lined up. Coral Springs Florida

*REBUTTAL Owner of company: Also scammed by the March Group

* : Caveat Emptor

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The March group has a boiler room operation with 50 or more people calling private business owners trying to get them to sell their business. They tell you its the right time and they have premium buyers lined up that have interest in your company because you are in an industry they like.The tele-marketers try to convince you to go to a seminar where you spend the entire day being convinced to sell the company and to put up between 40 and 60 thousand dollars so they can market your company.To date they have taken in hundreds of fees from hundreds of companies amounting to millions of dollars and have only sold a handful of companies.They are only interested in upfront fees and are not a real Mergers & Acquisitions company as they portray.They are business brokers acting like investment bankers and give advice and collect fees in states where they are not licensed to give advice and collect fees.Most of the managment and some of the tele-marketers came from another company that has outstanding law suits and they jumped ship.I recongnized some of the people who call that called from another company with the same script.The contracts they want you to sign tie you up for years with them.

Steven j Kalamazoo, Michigan
U.S.A.

This report was posted on Ripoff Report on 07/27/2009 03:58 PM and is a permanent record located here: https://www.ripoffreport.com/reports/the-march-group/coral-springs-florida-33071/the-march-group-they-contacted-my-company-to-convince-me-to-sell-and-they-had-premium-buye-473885. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
0Author
1Consumer
1Employee/Owner

#2 REBUTTAL Owner of company

Also scammed by the March Group

AUTHOR: Paulo - ()

POSTED: Friday, August 30, 2013

My wife & I attended a March Group seminar in New Orleans on March of 2009 after receiving an invitation to sell our business from them. Needless to say, they put on an impressive dog & pony show and the next day sent their front man Terry Sidham to do the rest. They convinced us tehy could sell our company and convinced us to sign a contract which we did.m After receiving what appeared to be a bpoilerplate report and pamphlets we proceeded to provide them with all the finacial reports they requested. After a few months we got received a report and appraisal for our business that was a joke. After writing them we only got the run around and got nowhere, Mr Terry Stidham suddenly is nowhere to be found. Terry assured us we could back out at any time and that our Fee would would be refunded. We feel we were scammed for the $39,000 up front fee from the beggining... Has a class action suit been initiated yet?

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#1

Caveat Emptor

AUTHOR: omyop - (USA)

POSTED: Monday, September 21, 2009

"The contracts they want you to sign tie you up for years with them."

Caveat emptor. Don't sign a document like this w/o reading the fine print.

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