***UPDATE‼️**BEWARE – READ BEFORE ENROLLING**
***UPDATE‼️ **BEWARE – READ BEFORE ENROLLING** ‼️
🚨 Consumer Warning – Secured Investment Corp. / Lee Arnold System/COGO Nation/ COGO Capital 🚨
I paid $67,500 for their “Master Broker Program” after being told I could broker directly to their affiliate in California and keep my full fees. After payment, I was told that wasn’t true, I’d have to route deals through their coach and split fees. The training recordings they promised were also never delivered. They also told us we would have the opportunity to attend live auctions during our 4-day in-person training. When I scheduled my 4-day, I was told by Nicole that they don't know when the live auctions are, so they can't guarantee that. It was just another sales tactic in my opinion.
When I asked for a refund, they admitted in writing they’d pay me back only if I signed a release that gagged me, forced me to edit reviews to say I was “satisfied,” and waived my rights to ever bring future claims, even if new wrongdoing came to light.
This isn’t a refund. It’s coercion.
I’ve filed complaints with the BBB, DFPI, FTC, and the Attorneys General of California and Idaho. SIC is holding my money hostage while trying to sanitize their public record. They are earning interest on my money(that they never planned to give me) and plan to hold my funds indefinitely or until I sign their agreement.
⚠️ If you’re considering doing business with them: research lawsuits, read reviews carefully, and understand what you’re signing. Don’t let them silence you. Don't let them use their 3-day refund policy against you. The refund policy only covers products not services. Read carefully and request your money back.
Don't let them bully you. Contact an attorney. These people will stall and ignore you while they earn interest on your money that they never plan to give to you.
I recommend you record the live webinars yourself. They aren't going to give you a copy of the webinars as promised. The recordings I got was at least 5-10 years. They don't want you to have leverage because they say a lot in those classes. They even give out tax advice and aren't qualified to do so. They are the only ones who will have access to the live recordings and phone calls. RECORD THEM YOURSELF. CYOB.
You will also notice that they don't let the students network. They won't turn on the chat during the webinars. They don't want us talking to each other or exchange information. This is the only mentorship I've joined that doesn't allow the students to network.
***UPDATE: SIC has already offered me a refund of $67,500, and at one point even offered to return all $74,298.97 I paid in total, which demonstrates that they themselves recognize the legitimacy of my claims. If this were a purely contractual matter, they would not be offering any refund.
The problem is that SIC is conditioning any refund on illegal terms, including:
Gag clauses requiring me to edit or withdraw public reviews and formal complaints so they read as “resolved to all parties’ satisfaction.”
Broad waivers of rights under California Civil Code §1542, blocking me from pursuing future claims even if new wrongdoing comes to light.
Confidentiality clauses prohibiting me from disclosing the refund terms, amount, or negotiations, with repayment and damages threatened if they allege a breach.
These practices are not “contractual disputes.” They are unfair and deceptive acts that:
Violate the Consumer Review Fairness Act (15 U.S.C. §45b) by restricting honest consumer reviews.
Constitute unfair or deceptive acts or practices (UDAP) under both Idaho and California consumer protection statutes.
Demonstrate a pattern of coercion, holding consumer funds hostage unless customers agree to unlawful restrictions.
My formal complaint is that SIC is tying consumer refunds to illegal conditions. This is a business practice that I believe deserves regulatory scrutiny, not just dismissal as a private contract matter.
