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:
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 http://www.stephensnyder.com/, 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.