For Immediate Release
Media Contact: Bob Cooper
Date: March 31, 2011
Work-at-Home Business Promoter Agrees to Change its Business Practices
(Boise) – Accelerated Mentoring, LLC, a Boise company that sells services to assist consumers in operating their own Internet-based businesses, has entered a legal settlement that requires the company to change its business practices, Attorney General Lawrence Wasden said today. The company, previously known as Internet Sales Institute, LLC, sells Internet-based training, software, and personal coaching to help consumers establish e-commerce businesses. The settlement terms apply to future business activities of Accelerated Mentoring and its owner, Clancy Yohman of Boise.
The settlement resolves complaints that Accelerated Mentoring made false claims about the amount of money consumers could earn from investing 10 to 15 hours a week in an online business. Consumers paid Accelerated Mentoring between $1,200 and $17,500 to learn how to operate work-at-home businesses. The Attorney General’s Office received 17 consumer complaints about Accelerated Marketing.
Accelerated Mentoring engaged in telephone solicitations without first registering with the Attorney General’s Office, as required by Idaho law. Wasden said the company is now registered as a telemarketer, as required by the settlement agreement.
Under the settlement, Accelerated Mentoring must disclose the material terms of a customer’s purchase, comply with all aspects of the Idaho Telephone Solicitations Act, including the federal Do Not Call law, and answer complaints from the Attorney General. In addition, the agreement prohibits Accelerated Marketing from collecting on any outstanding debts for purchases made while it was not registered with the Attorney General. The company also must allow its customers at least three days from receipt of their written contracts to cancel their purchases.
Accelerated Mentoring paid the Attorney General $10,000 in legal fees and investigative expenses. The company did not admit any wrongdoing.
- End -