Red Bull Vending Franchisees Seeing Red; Speaking Out
July 17, 2008 by Sean Kelly
Filed under Business
Unhappy Franchisee: Franchising rumors, rants, controversies, issues, complaints & insider information you’re not supposed to know.
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Allegedly, Pamplona isn’t the only home to the running of the bulls. Those who invested with Creative Concepts of America (CCA) for the aggressively advertised Red Bull vending opportunity claim they had a scam run on them by the powerhouse company the trusted.
Over at Unhappy Franchisee, reports from gored investors are pouring in. Here are a few excerpts:
Read Mallory’s Red Bull story:
…Many have already lost their homes, retirements, savings, inheritances, and some divorces due to this scam. We estimated a total loss to all victims of approximately 25 million dollars. How can a billion-dollar company like Red Bull allow this to happen?
Read Michael Turko’s Red Bull story:
…basically, an agent of RBNA, CCA, stole my property and sold it to some other poor schmuck. Not only was I now out $44K plus all the other expenses, but the machines were gone as well.
Read the Michele and Vincent Wallace’s Red Bull vending story:
…My husband and I have two little girls… now ages 4 and 6. When we bought the machines, we were hoping they would help fund their college savings. We used $15,000 of our savings… and lost it all. I know that $15,000 may not seem like much, but it is a huge hit for us…
Read Jennifer’s Red Bull vending story:
My thoughts were this would be a great way to pay for the rest of my college expenses…. Who would ever think such a well-known company would ever allow this to happen?
Read Nic Bernard’s Red Bull vending story:
…this turned into the biggest nightmare of my life and and I will continue to pay off a debt for many years to come due to the lies and misrepresentation of this multi-billion dollar corporation….I’m amazed that people like this can continue to live and function knowing how many people’s lives have been destroyed due to their actions.
WHAT DO YOU THINK? HAVE YOU HAD ANY DEALINGS WITH RED BULL NORTH AMERICA OR CCA CREATIVE CONCEPTS OF AMERICA? PLEASE SHARE YOUR EXPERIENCES – GOOD OR BAD – BELOW.
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HI Sean interesting post on red bull ill watch this space
you may want to visit DMW as I blog live at tech crunch for new business startups in Zurich and across Europe
http://www.digitalmoneyworld.com/tech-crunch-live-startups/
Moneypenny:
You are such the jetsetter! Blogging live from Zurich and across Europe. I’m quite impressed. While you’re with the Swiss, try their cheese. I hear it’s most impressive. And you can keep stuff in it.
You are no doubt setting up our Swiss bank accounts for eSean Payment System, correct?
Moneypenny, while you’re in the neighborhood, be a dear and spin by Salzburg and do a quick interview with Red Bull’s Dietrich Mateschitz, will you? I hurt his feelings not letting him in on the eSean deal… but he finally made it onto Franchise Pick (after years of trying) and we should get a few sound bytes from him.
He wants in one the eSean deal in the worst way. Tell him he doesn’t have a chance until he’s in the Forbes Top 200. #287 ain’t eSean country yet.
Sean you let the cat out of the bag about the e Sean banking bit. I’m interveiwing Mike Butcher of TechCrunch UK and some other brilliant entrups who have some really interesting startups.Very lively conversations.
So swing by DMW for the next few days won’t you lad. Don’t forget the eDream prize will be announced on 30th July
Moneypenny
Hi Sean your unhappy franchises rumours section is highly relevant and appropriate, (link it please) so I put your message here.
live interview with Mike Butcher Techcrunch UK
moneypenny
let me know what you think. p.s. Theres 10 more start up interviews coming up.