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| Beware of franchise fraud that uses veterans franchises to target victims |
A discount on a veterans franchise scam is still a franchise scam.
The day you sign a franchise agreement as a new veterans franchise, you could be signing your future bankruptcy papers.
If you are a military veteran, seeking a new civilian career, there may be veteran business opportunities claiming to be veterans franchise systems, which are actually franchise scams.
There are franchise scams and franchise churning businesses that are claiming to be veteran business opportunities. These franchise scams have slick looking websites, and marketing materials, but in reality are franchise rip offs that practice Franchise Fraud and Franchise Churning.
Search the internet for a veterans franchise, and there are a number of websites that claim to help with franchises for veterans.
The reality is that is it virtually impossible for anyone to determine if the opportunity is actually practicing franchise fraud. Franchise Rip Offs can follow the money.
The easy mortgages of the 1990 made it easy for home equity loans to finance a franchise, and because of the access to this easy money, franchise scams targeted individuals with home equity.
When the home equity market dried up, the Franchise Scams followed the money to the 401K investment market. Many people had sizable 401K’s, and the Franchise pyramid schemes targeted people with 401K’s.
The IRS clamped down on using 401K’s, so it appears the franchise scam industry is following the money to people who have access to money that could be applied to a franchise scheme.
Veterans franchise programs appear to assist veterans, but can be nothing more than a “discount program” to lure unwary veterans into a franchise fraud.
Veteran business opportunities mention financial incentives, but in reality all the veteran franchise offers is a discount.
The Franchise Scam need people to join the franchise churning program for cash flow reasons, just like a normal business needs to offer a discount in order to maintain cash flow to stay in business.
If one reads the specifics of Veterans franchise programs, veteran business opportunities programs are nothing more than a voluntary effort by some franchisors that is designed to encourage veterans franchise ownership through offering financial discounts to veterans. That’s it.
Veterans franchise programs are nothing more than discounts.
A discount on a franchise scam is still a franchise scam.
If you are a military veteran considering a veterans franchise program, please be aware that many veteran business opportunities are nothing more than franchise fraud. You must invest in a copy of the book “The Franchise Fraud” by Robert Purvin. And Read it; don’t just put it on a shelf and think you did. http://www.amazon.com/Franchise-Fraud-Protect-Yourself-Before/dp/0471599476
Check out the knowledge of gag order and non-disclosure "agreement" using by the franchise industry in FTC The Franchise Rule.
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