Scam Type
Investment Scam
Date Reported
2023-05-16 00:00:00
Victim Postal Code
44101
Total Dollars Lost
15000
Scam Description
E-commerce Automation Scammers.
Was charmingly convinced to buy an E-commerce store by Nicholas Costaras and Troy Marchand of Quantum Capital Group aka QCG. They host a “Deal Makers Gala” and other events to get inexperienced investors to purchase their service of making an Amazon, Walmart or Facebook Online Stores.
They sell the service of creating fully automated Online Stores for the inntial price of 15k-50k. Then they fully manage drop-shipping Online Stores in exchange for 50% of profits as long as they manage them. They promise creation of the store in 14 days and revenue of 1k or more per month within 6 months.
While they did create the Online Stores, the store was never functioning as promised because they used an illegal buisness model and had poor managment.
I have never seen profit and am still thousands in debt from the “investment”.
They use teams of unvetted overseas workers to manage the Online Stores. Several of these overseas teams took money & personal information.
To my knowledge Nicholas and Troy have sold over 30 stores and none are successfully profiting after 3+ years of buisness. Yet they continue to sell more stores to anyone.
Lastly they target vulneral, inexperienced, and trusting inventors. They coach these people step by step on how to use personal credit cards to fund the store investment. Leaving people with thousands in personal debt.
Horrible business and deeply disappointed to have trusted in these people.
