Reason #1) The “Coaching Department” company mentioned in the testimonials on the Web Fortune Vault sales page is being investigated by Ohio Attorney General Mike Dewine.

From the Ohio AG’s announcement:

“According to the Attorney General, defendants Novus North LLC, doing business as Your eCommerce Support International LLC, YES International, Apply Knowledge LLC, doing business as Coaching Department, and VI Education LLC marketed a program that would help consumers create, develop, market, and run their own Internet businesses from home. The businesses also marketed additional products they claimed were essential to any successful business.

Sales representatives often made verbal promises that consumers could recover their initial investment in one to three months or earn $3,000 to $10,000 per month working only seven  to 10 hours per week, but the Attorney General alleges that they failed to honor Ohioans’ valid requests to cancel their agreement and failed to provide full refunds.”

• Click here to see the full announcement
• Click here to see the lawsuit that has been filed.

Reason #2) The Web Fortune Vault site is operated either by a company associated with Phillip Gannuscia. One of those companies and their alternate names (dba) are also the subject of the Ohio AG investigation mentioned in Reason #1).

If you took time to read the Terms and Conditions page and Privacy Policy on WebFortuneVault.com, you will have noticed that they refer to agreements between you and Profit Masters Academy. Here are a couple of screenshots showing that…

Here is a partial screenshot of the Web Fortune Vault Terms and Conditions that reference Profit Masters Academy:

Here is a partial screenshot of the Web Fortune Vault Terms and Conditions that reference Profit Masters Academy:

 

Here’s an explanation of the connection between Profit Masters Academy and Phillip Gannuscia:

 

And according to the BBB, Phillip Gannuscia is a principle of Vensure Intl, which includes Novus North, LLC as a member…and Novus North, LLC is another party being sued by Ohio Attorney General Mike Dewine:

 

Reason #3) Web Fortune Vault is using Testimonials that may be violating the Federal Trade Commissions No Safe Harbor guidelines.

Here is one of the testimonials from the Mary Johnson Web Fortune Vault site:

This exact same testimonial was the subject of a recent Council Of Better Business Bureau Electronic Retailing Self-Regulation Program review. Here’s what they said:

“Advertisements that feature a consumer and convey that his or her experience with a product or service may be “typical” when that is not the case, are required by the Federal Trade Commission to clearly disclose the results that consumers can generally expect to receive. Accordingly, ERSP noted, marketers should, when using consumer testimonials, either provide substantiation that the consumer’s stated experience is “typical” or, conversely, indicate what the typical result would be given the scenario presented in the testimonials.”

Click here to see the full ERSP review (you might also want to ask yourself why the BBB is merely doing an advertising review at the same time Ohio Attorney General is filling a lawsuit against the same company?!?)

Reason #4) Web Fortune Vault is using stock photos for its testimonials.

Not only is WebFortuneVault.com using stock photos for its testimonials, sometimes it’s even using stock photos that don’t make any sense. Check out this testimonial from a “60 year old woman” (a.k.a. “Young Man” at iStockPhoto here).

 

Reason #5) Mary Johnson is a stock photo

The image used for “Mary Johnson” at WebFortuneVault.com is a stock photo. Click here to verify.

Reason #6) The Trust-Guard seal goes to the wrong website

If you click on the Trust-Guard seal at WebFortuneVault.com it takes you to a seal for ProfitMastersAcademy.com instead of WebFortuneVault.com. You can see that in the video below:

Reason #7) Bogus Income Projections

The Web Profit Vault site would like you to think that you can make money “simply posting links”. They even go so far as to say this:

“Put it this way: To post one link takes between 3 to 4 minutes. To be conservative, let’s say it takes 4 minutes. Well, if you post one link every 4 minutes, and you do that for 60 minutes, that amounts to 15 links in just 60 minutes. And the average amount you make per link placed is $15.

Let’s do the math: 10 links for $15 each equals $150. That’s $150 for 60-minutes of work! If you do this five days a week, you can make $1,050 a week… $4,200 a month… and $50,400 a year! And that’s just 1 hour a day, I do at least 3 hours per day Monday thru Friday keeping the weekends to myself.”

Many of you will recognize that the Bogus Income Projection table used by Web Fortune Vault is the same type of table used by old envelope stuffing scams as you can see in the image below:

 

Reason #8) The “Free Consultation” Gimmick

Towards the end of the sales letter for Web Fortune Vault, you’ll see that you will be getting a “Free one-on-one consultation with a success advisor”

This is where your nightmare begins. The real purpose of the “Free consultation” is to get you to talk to a high-pressure, hard-sell sales person who will try to squeeze as much money out of you based on how much money they think you have.

If you have had experience with Web Fortune Vault, please your experience in the comment section below. Feel free to post any questions in the comments section as well.

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