Stephen Snyder’s Junior Partner scam documented


Stephen Snyder’s “Independent Junior Partner” program (IJP on the contract, JP in literature) is a brilliantly designed “business opportunity” for people with financial problems and no business experience.  Stephen conveniently accepts monthly payments.  Of course this is not the first time he misrepresented his goods and services, but through his JP program he sold a bunch of Brooklyn Bridges.   Here’s how it works:

Stephen Snyder created numerous “territories” where JPs would “help” others by selling them products to improve their credit after bankruptcy.  The partners were to receive “warm leads” (Stephen Snyder seminar attendees) and then receive a commission on all products sold.

Of course Stephen fails to mention that nobody needs to buy a “home study course” and I’ll post a page with tips on how to re-establish credit after bankruptcy, but much more important, how to prepare for high FICO scores BEFORE you file for bankruptcy.  A little planning goes a long way.

So the JPs purchased territories and got nothing but a contract, payment obligations and this gorgeous certificate:

Here is the JP CONTRACT:


8 pages of legalese, of course all in FAVOR of Junior Partners Licensing LLC, apparently Stephen’s company.  The JPs waive most rights, but they do have the right to get their money back if they can document that they did not get what they paid for.

From Stephen’s 9/9/11 email to the JPs:

… My best guess now is htat [sic] we will test a new direct mail piece featuring the product before the holidays…analyze the numbers…then roll out like a canon after the first of the year. …

His “best guess”.

The emperor has no clothes!

Even if there actually WAS a product to sell, why would you want to spend your time selling his books to people who just filed for bankruptcy and only wanted to get some FREE information at his seminar?

Stephen COULD just sell the books at his seminars.  Ever wonder why he doesn’t?

Could it be that he just wanted your cash?

Stephen Snyder is infamous for his web of LLCs and corporations and he recently filed again for personal bankruptcy.

It’s probably very difficult to locate assets, but I will look into Stephen’s bankruptcy and FRAUD claims are not dischargeable.   Contrary to the millionaire playboy image portrayed on his, Stephen is BROKE, his wife left him, many creditors sued him and foreclosed on his beautiful home.

YOU might be Stephen’s only source of income and the sooner you stop sending him your hard earned money, the less you are likely to lose.

While chances of recovering losses are slim, I hope that many of the defrauded JPs will file complaints with their state attorneys general, the FTC and BBB as well as at complaint websites.   A criminal investigation is certainly appropriate as this is NOT the first time Stephen misrepresented the facts.

I do believe in rehabilitation and EDUCATION in jail and if Stephen learned some real skills (auto mechanic, cook, clerk, etc.) he could become a productive member of our society.

Since the wheels of justice move very slow (if at all), I decided to add a page for complaint summaries.  At the very least, others should be warned and maybe some of the defrauded Junior Partners will be able to share the costs to file a lawsuit.

17 Responses to Stephen Snyder’s Junior Partner scam documented
  1. Althea
    September 13, 2011 | 3:29 am

    I had the great misfortune of being introduced to Stephen Snyder at a very vunerable time in my life. My husband had just been laid off and I was also and we were looking for a way to legitimately earn extra income. After being contacted by Mr. Snyder, we both spent time trying to discern if this was a good opportunity, both for ourselves and others. Obviously we didn’t spend enough time or we didn’t look in the right places because we were duped out of $1000.00. I beg anyone that hears the name Stephen Snyder to run the other way. He is a scam artist and an arrogant one at that. The whole JPO BK adviser business is nothing more than a Ponzy Scheme. And I would bet that anyone who defends him is probably someone that works for him or is in on his scams. My husband and myself may never see the return of our money, but if our experience at least keeps others from losing their money, it will be something good coming out of something very very wrong. Shame on you Stephen. But I know there is a place waiting for people like you and I’ve heard it’s really really HOT!!!!!

    • Cheated BKadvisor
      February 22, 2013 | 7:13 pm

      We are one of a hundred or more families he has cheated with his BK Advisor Scam. If you have been cheated by Stephen stop by my facebook page, friend me, I’d like to develop a group to go after him.

      • Christine
        February 22, 2013 | 7:39 pm

        There is nothing to “go after” — he just filed for bankruptcy and your claims were discharged UNLESS you can prove fraud (unlikely).

        However, you SHOULD post at various blogs as here, but give more info about what happened to you so that at least others won’t fall for his scams.

  2. JPO
    September 14, 2011 | 2:53 pm

    Well it had to happen. Good old Stevo had to send out his 1st bit of hate email to try to blunt the slew of complaints he’s getting over the JPO and BKA programs. He also offers a sorry excuse for his lack of production……and actually says we should have expected it. To quote the BK guru:


    Now that I can see light at the end of the tunnel, I thought it was appropriate to share my views on one of the most important lessons in running your own business.

    The first and most important lesson in business is that nothing ever goes as planned.

    As a business owner you must accept this.

    As a successful business owner you must embrace it.”

    So what he is saying is that the lack of promised live seminars, the dearth of promised webinars and the absence of books and manuals is not due to his lack of effort.

    Its all due to his 1st lesson of business…..”nothing ever goes as planned”.

    Way to shirk accountability Stephen!!!!

    But we should “embrace it” Stephen???? You mean we should have expected you to not hold up your end of the contract? Ah, I see, silly me……we really dropped the ball.

    I can see it now. GE, IBM, Apple……they probably all say “Its OK” when their partners don’t deliver. They have embraced “nothing ever goes as planned”. Right Stephen???


    But Snyder’s email gets better……and more hateful!

    “The few advisors who are complaining, whining, bitching, moaning, writing nasty letters, and posting negative comments on blogs will never own or run a highly successful business of any kind. They will always live short of their potential.


    They haven’t learned the first lesson in business…nothing ever goes as planned.

    Thank goodness I can count the negative BK Advisors on one hand.”

    Stephen, I guess your hand has many fingers more than five because they are making enough noise to make you react in a very mean-spirited way.

    Speaking only for myself, the postings of comments, blogs and emails certainly has gotten your attention……and that’s one of the goals. There’s much more coming as your underestimate the viral power of the internet to spread the message about you.

    You want it to stop? All you have to do is wave the white flag, pay everybody back and get a real job.

  3. Master Partner in BKA Program
    September 15, 2011 | 9:39 am

    I too invested money with this thief as a Master Partner in the BKA program, when it first started in Mar/Apr 2009 and paid a handsome fee of $5,000. For this I have received NOTHING from him to help me do anything but unpatiently wait for him to finish the books he keeps telling us will generate such income “It’s the closest thing to money appearing in your bank account with little effort as you can get.” The words in quotes are written by him and taken from an email he sent to his licensed advisors on 9/9. I dont know about anyone else, but NEVER in my life has money legitimately appeared in my bank account and I know it never will, because that’s not how income is generated. He is a fake, fraud, phony and the Indiana Attorney General’s office is investigating his illegal actions and he is going down. If you are part of the program and have not filed a complaint with the Indiana Attorney General’s office, I would recommend you do so. Here is the link to the website to file a complaint: Please be a voice that is heard and help stop him from doing this to anyone else ever again.

  4. JPO
    September 15, 2011 | 2:28 pm

    Good for you, Master Partner in BKA Program

    We need more of Stephen’s victims to step forward and make their case.

    I was reading through Snyder’s hatemail again today and do you know he had the gall to bring Mother Theresa into the conversation……its true, read on:

    “And just for the record, did you know Mother Theresa has several hate websites about her? It’s true.

    If Mother Theresa has people talking smack about her, you can bet your bottom dollar you will have people talking smack about you too.”

    Should we call him Saint Snyder now??????

    Stevo, what were you thinking?????

  5. JPO
    September 17, 2011 | 5:16 pm

    Wow! I just Googled our good buddy Stephen Snyder and not only was his story of the scam on the 1st page of results……he was 5th from the top. It points right here to

    Check for yourself:

    That’s the viral power of the Internet.

    Stevo, your secret is out for anyone who searches you on the web.

    Are you feeling the walls closing in yet?????

  6. JPO
    September 20, 2011 | 2:53 pm

    I got a huge laugh out of this one from Stevo. It shows up at the end of an email entitled BK Advisor update (you know, the kind of email where Snyder says we’re this close to having something to sell).

    “P.S. Remember to contact me using the special email address for BK Advisors:

    LOL, some BKA stole Stevo’s email address. I’d love to meet that BKA and offer my sincere congratulations.

  7. JPO
    December 14, 2011 | 5:06 pm

    More stalling and more lies……plus Stevo had to get a new email address….again!!!!

    “FROM:Stephen Snyder


    Wednesday, December 14, 2011 6:13 PM

    Hello ,

    The first book arrived from the printer last week…

    And I don’t like it.

    As a soft cover paperback it doesn’t look “substantial” enough to justify the price. So…I’m having my designer convert one of the books into hardcover this week. My gut is that all 8 books will need to be in hardcover to overcome price resistance. We could keep them as soft cover, but I think the refund rate would be high.

    In the meantime, please vote on your preferred day and time for the BKA calls to start in January, 2012 by going here:

    I will announce the most popular date and time by the end of the month.

    Next, I have a new email address for you to use. Please email me any questions or concerns about the BKA or Junior Partner program so I may address them.

    I would like to address all of your questions before I re-launch the BKA program.

    Here’s my new email address:

    I hope you have a good holiday.

    More soon…


    : )

    • Christine
      December 14, 2011 | 5:44 pm

      This is TOTALLY ridiculous!

      Has anyone asked him yet what the price is and how exactly BKAs will make MONEY on selling his junk?

      It’s rather obvious that even Stephen Snyder knows that the information in the books is NOT worth the price. How many people are stupid enough to pay for book “covers?”

      It’s the 21st century and any book on credit and bk will QUICKLY be outdated. Of course Snyder’s books are VERY dated to start with as they are just republished and slightly edited old newsletters.

  8. JPO
    January 26, 2012 | 3:12 pm

    Stevo’s new video is very big on the “THUD” factor. At least now we know why over 2 years after the fact, he never launched the program…… lacked the THUD factor……..Stevo, is that like the X Factor??????

    Read on:

    Hello ,
    Here’s a video I made for you today as a BK Advisor.
    You’ll want to watch this.
    It’s less than 4 minutes long.
    Talk soon, Keep Smiling,

  9. JPO
    January 26, 2012 | 3:17 pm

    Even with the “THUD” factor, Stevo isn’t committing to a launch date. He wants to sell 1000 sets to his subscriber list first……guess what BKAs and JPOs……he’ll be selling into your “exclusive” “protected” territories. Isn’t that a hoot…..he’ll be selling to your potential customers and keeping all the profit.

    What a guy!

    Way to go Stevo! You got lots of THUD factor

    January 26, 2012 | 5:38 pm

    This whole program is just bogus and will never launch. Stephen is a just like Bernie Madoff, he lied to get our money and for the past 3 years has done nothing but lie to all the BKA and JPO partners. There is over 365+ days before we get into the 5th year of our contract and my guess is when we hit the 5 year mark, he’s going to cancel everything, say he lived up to his end of the contract, not by providing us with a business to make money, but the time commitment and then just walk away like no sweat off his shoulders. Stephen, a place is reserved for people like you in H E double toothpicks and that will be your resting place. You’ll regret the day you stole money from us, mark my words.

  11. JPO
    January 31, 2012 | 3:29 pm

    It had to happen……its Stevo Snyder the musical.

    And its very appropo:

    Talk soon, Keep Smiling,

    Stephen 🙂

    This is the words from a song Called “Smiling Faces” by the group the OJAYS
    they must have known Stephen Snyder way back in the day
    and he was their inspiration to write this song.

    Smiling faces sometimes pretend to be your friend
    Smiling faces show no traces of the evil that lurks within

    The truth is in the eyes cause the eyes don’t lie

    A smile is just a frown turned upside down
    My friend…
    So hear me when I’m saying

    Smiling faces, smiling faces sometimes they don’t tell the truth
    Smiling faces, smiling faces tell lies
    And I got proof

    Beware of a handshake
    There lies a snake

    I’m tellin you beware…
    Beware of a pat on the back
    It just might hold you back

    Your enemy won’t do you no harm
    Cause you know where he’s coming from

    Don’t let the handshake and a smile fool ya
    Take my advice I’m only tryin to school ya

    Smiling faces, smiling faces sometimes they don’t tell the truth
    Smiling faces, smiling faces tell lies
    And I got proof

    January 31, 2012 | 6:44 pm

    Wow this describes him to a tee. We all have the proof that he’s lied and lied and lied to the BKA and JPO’s, because he’s not provided us with anything starting with the sales lead, which is where our business is supposed to start. The FTC will be getting involved in our case and the IN AG’s office has a rebuttal about closing the complaint filed. More to follow on this.

  13. Cheated BKadvisor
    February 23, 2013 | 9:58 am

    Hi Christine, your comment ‘There is nothing to “go after” — he just filed for bankruptcy and your claims were discharged UNLESS you can prove fraud (unlikely)’ isn’t correct. Remember filing your bankruptcy papers, you had to list all your creditors. Any company listed where notified and given to option to contest their portion in court. I believe BKadvisors are not considered creditors but some form of business related franchise. As such we weren’t included in their bankruptcy. Our contracts were never validated as Stephen was to provide contact names rendering all contracts void. As you know Stephen never allowed any BKadvisor to know another BKadvisors. Friend me, Cheated BKadvisor on Facebook, my attempt to find BKadvisors and organize a group complaint to Federal and State Authorities. BTW, Stephen and Michele filed Chapter 7 meaning he may not have included one or more of his homes in Florida, Wyoming, Neshville, and Indiana.

    • Christine
      February 23, 2013 | 10:51 am

      Well, your choice, go for it!

      I give it 99% that whatever you do is a waste of time and money. But then again, there’s always that 1%.

      In 20 years I’ve NEVER seen people like you prevail. NEVER.

      Good luck anyway!

Leave a Reply

Wanting to leave an <em>phasis on your comment

Trackback URL