How can that be if 40% were given refunds as stated on court documents?
“How can that be if 40% were given refunds as stated on court documents?”
The 98% (A) rating is from the BBB. It tracks only complaints opened and how those complaints are handled while the BBB acts as mediator.
I have yet to see any BBB complaints logged while the business what still open. It appears they started around the time the AG started “investigating” a year or so after it shut down. He waited around two years to file the case. The BBB rating fluctuated during that period as open cases were resolved.
They probably had a week or so to ask for a refund and drop the class after they heard the first session and how much work they were going to have to do actually to make that money. When we have a 47% rate of food stamps/welfare in this country, are you really surprised that 40% were too lazy to do the work involved in real estate investment, and got out? It is no walk in the park -- I've renovated half a dozen properties and can tell you that.
When I was teaching college, I made the first week pretty hard. That way, the dead wood would get up and drop the class, and things went smoothly after that.