Ray Reynolds Reviews
Legit or Scam?
Ray Reynolds
is a highly successful corporate consultant
who has developed an extensive product line.
Through the Ray Reynolds Plan and the Ray
Reynolds University he teaches entrepreneurs
the advantages of setting up corporations.
His products are designed to guide you
through the maze of legal documents and tax
deduction strategies. Ray Reynolds
claims that if followed correctly his
methods can help you protect your assists,
secure corporate credit, rebuild credit, and
purchase discounted goods.
Some strategies that Ray Reynolds
teaches do work and can be used for specific
benefits. Although, he is not the
first guru to tout the advantages of
establishing a corporation. This
has been an idea exploited by many people
for the purpose of selling their training
materials.
Before you get blinded by promises of
wealth and massive deductions you need to
analyze your business needs. At times
a corporation may not be the best route for
your needs. For example operating
under a sole proprietorship can be more
advantageous to certain people.
Further, there have been some negative
allegations made about Ray Reynolds'
business practices. At his seminars,
which range from $2,000 to $12,000, people
have complained that he spends too much time
talking about his own wealth and
possessions.
Having a blueprint like the one Ray
Reynolds provides for setting up a
corporation can be invaluable. However
it is important to do as much of your own
research as possible on the topic.
This way you can save your self a lot of
hard earned money.
 Would you like to add your review for Ray Reynolds?
Customer Responses, Reviews, or Complaints for
'Ray Reynolds'
Average Rating is
2.18
out of
5
based on
14 reviews.
Anonymous Orange county | 3:46pm on December 15th, 2011  | I worked for him! Invest your money elsewhere! I know what goes on behind the seminars and workshops! It is a lot of nothing! He talks about all of the nice things corporate credit has gotten him, but really, it's the thousands of innocent hopeful corporation owners money that he has scammed! If you plan to do business with him, have a lawyer there to back you up yours and his every move, be proactive, and on top of him and his staff every day! That is he only way you even have a chance at seeing results! Basically.... They will scam you if they can! And beware... He is a smooth talker, will convince even the most educated that this is a good investment! |
Mark. Bravo Los Angeles | 8:06am on November 10th, 2011  | I am
a business credit consultant i did attend ray reynolds university ray is very smart man with a lot of knowledge but be careful he does lie a lot I took what was good and legal I could help people for so much less than what he charged me.
|
Karen Fullerton | 4:09pm on July 28th, 2011 | He charges for many things he never delivers, gives out of date workbooks, spends an unbelievable amount of time talking about his cars, boats, etc. and how he is the "smartest guy I know". And, oh yeah, smart guy was just released from federal prison after pleading guilty to tax evasion using the very same techniques he espouses in his "courses". |
Terrence Los Angeles | 5:13pm on July 14th, 2011  | I bought Ray's programs from Repackaging America. Although, I didn't finish the program, which was really my own fault, everything I did do went according to plan. I set up 3 corporations,a dun & bradstreet file, was learning to keep corporate records, etc. It all was a real challenge and you had to stay committed and on top of Ray's Company. Everyone I knew was advancing as planned. Ray was the most knowledgeable teacher I have ever met and I've met a lot. If Ray did anything I appears he violated his own rule. Never co-mingle business assets and money with personal expenses, that's a no-no! I would still use Ray Reynolds as a mentor today. |
Unsure California | 9:47pm on March 18th, 2011 | I'm surprised that there isn't more people or news channels on people like Ray. They should investigate all of these people that have some kind of product to make money |
melissa Los Angeles | 5:53pm on March 15th, 2011  | all these people here don't have anything better to do, but to complaint about others without the facts.
good luck |
Payton S. North Carolina | 2:50am on January 19th, 2011 | I paid $750.00 for Articles of Incorporation when I never needed an INC in the first place, I needed a LLC. Everyone told me that but Ray Reynolds. He didn't give a cuss that I was getting the wrong package. He was just shaking me down for money. He required that I send him a deposit in the form of a credit card to get the process started. Then he independently billed my credit card for the remaining amount, created a corporation name without my approval, sent me uncompleted work and closed out my account. When I called to complain some guy name Micheal was absolutely nasty! Ray Reynolds is a sociopath. He has no conscious. His company is designed to scam. |
LOS ANGELES CALIFORNIA | 7:35pm on November 3rd, 2010 | United States Attorney's Office Press Release No. 10-151
October 20, 2010
MAN WHO PROMOTED ASSET PROTECTION STRATEGY TO AVOID TAXES SENTENCED TO 18 MONTHS IN FEDERAL TAX CASE
LOS ANGELES – A man who promoted schemes to avoid the payment of federal income taxes has been sentenced to 18 months in federal prison for filing false tax returns with the Internal Revenue Service that significantly understated his true income.
Dana Ray Reynolds – who according to court documents previously owned houses in Yorba Linda and Huntington Beach – was sentenced Monday by United States District Court Judge A. Howard Matz. In addition to the prison term, Judge Matz ordered Reynolds to pay $193,812 in restitution to the IRS.
Reynolds, who operated Repackaging America, Inc. and Incorporating You, Inc., pleaded guilty on the eve of his trial in May to two counts of subscribing to false tax returns. According to court documents, Reynolds developed strategies to conceal assets and income through the creation of corporations. Reynolds used videotapes, seminars and written materials to market his strategies, which he promoted by highlighting his own elaborate lifestyle that he claimed was made possible by following the plans he developed.
Following his own strategies, Reynolds paid personal expenses with money he had funneled through his corporations. According to the court documents, Reynolds also placed assets – such as automobiles, recreational vehicles and at least one vacation home – in the names of the corporations. IRS investigators found evidence that Reynolds used corporate checks to pay workers, including a person hired to completely redesign his Yorba Linda home, for which he ordered a custom, $80,000 bathroom.
For the tax years 2002 and 2003, Reynolds used more than $400,000 from corporate accounts for his own personal benefit, and none of that income was reported to the IRS.
The investigation of Reynolds was conducted by IRS-Criminal Investigation’s Los Angeles Field Office. |
crime victim huntinton beach | 12:39pm on April 10th, 2010 | Ray Reynolds indicted on 3 felony charges.
For detail look up RAY REYNOLDS INDICTED for details |
jim del monte beaver,pa | 9:09am on October 28th, 2009 | his listing of our company was a total error. he claims how great his accomplishments are. a chimp could do what he did. we are still dealing with the govt. because of him... you would think that you would get the type of business right on the application at least! he even got that wrong!
save your money and incorporate elsewhere. |
Rodney Walker California | 10:47pm on October 14th, 2009 | I purchased a credit building program for $2,500 Ray Reynolds company has obtained 26k in credit, it took a while, i just had to stay on top of them. |
Sandi Baker California | 8:36pm on September 27th, 2009 | Do not start anything with this company, they are very close to Bked the company ( working out of a small house in Huntington Beach , Ca. |
Peggy MARYLAND | 9:13am on September 15th, 2009 | I PAID THE $500.00 FOR THE ARTICLE OF CORPORATION AND NOTHING WAS DONE. I AM NOT HAPPY WITH THE RESULTS. THE NUMBER IS DISCONNECTED AND THE COMPANY COLLECTIONS AGENCY NOW SAYS THAT I STILL OWE OVER $200.00. MY QUESTION IS FOR WHAT AND WHY ARE THERE NO CORRECT PHONE NUMBERS FOR ME TO CALL AS I DID WHEN THEY TOOK MY MONEY. |
Andy Wilson Leoti, Kansas | 5:01am on June 17th, 2008 | Can a person really make a living with this business withoud having a lot of debt? In todays economy can you still build a good credit rating without having to go into a lot of debt? |
|
|
Other Articles Of Interest
|
|
