Thursday, August 22, 2013

Stay away!

If you a thinking of buying or joining as a member of Barter Connections Inc, located in Newton Centre, MA, do yourself and your money a favor and stay away! I purchased this business in April 2008, after months of due diligence and meetings with Ken Barron, owner of the business and Bradley Field, business broker.

Both men are the most bold faced liars I have ever met. Bradley Field tells you a bunch of lies regarding how much the owner of the business makes each year to entice you to meet with Ken Barron. Then you meet them together and they will tell you how many members they have (over 1000!) - lie! And the the lies keep on coming!

The whole business is a sham. Ken Barron has sold this business at least three times and has been sued as many. I was he last victim. I gave him $400,000 at the closing and signed a note for another $500,000 to be paid over five years. This was based on an alleged gross revenue of over $350,000 with a net of $298,000.

His tax returns for three years indicated that the business did the amount he claimed but the actual amount was substantially less. Certainly not enough to justified the amount paid for the business.

After five grueling months of trying to run the business, I accepted the fact the I had been ripped off and left one day.I met with the same group of attorneys that the prior purchasers had used after which I decided to sue to get my money back based on fraud.

Three and half years later $165,000 poorer due to attorney's fees, I had to drop the case because I was getting nowhere and the bills from the attorneys were just mounting up. 

I have so much more to tell anyone that wants to know more. Email me at sdromsey@gmail.com or call me at 508-353-3497 if you are still not convinced that this business is a bad deal.

www.youtube.com/watch?v=QQuFnwpVY4U‎ 

Steve 


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