Why Tai Lopez Capital is Not Worth Your Investment – A Shady Scheme from Alex Mehr and Friends
I recently watched an ad on Tai Lopez Capital and thought of investing in it. But when I did a little homework, I found many things that told me to invest somewhere else. However, it would be selfish to not share this information with others because most of the information I found was quite inaccessible and hard to find. I hope this Tai Lopez Capital review will help people in thinking clearly and making informed decisions about this venture.
What is Tai Lopez Capital or Retail Ecommerce Ventures or Schweitzer Alexander?
Tai Lopez and Alex Mehr launched an investment fund for accredited investors which they call by multiple names, Tai Lopez Capital, Retail Ecommerce Ventures, and Schweitzer Alexander. Even though the names are different, the product is the same – an opportunity to co-invest with Tai Lopez and Alex Mehr. Iíll be using these names interchangeably in this article because they are the same thing. Even Tai has kept the email of Retail Ecommerce Ventures on the Contact Us page of Schweitzer Alexander.
They have been acquiring intellectual properties of different businesses this year under this guise. Through this fund, they aim to attract investors who are interested in online ventures.
This fund is specifically for accredited investors and claims to offer 15% annual return with shares in the current ventures of Alex Mehr and Tai Lopez. The minimum investment required to enter this venture is $500,000.
ďTai Lopez Capital, Schweitzer Alexander, and Retail Ecommerce Ventures are different names of one investment fundĒ
On paper, Retail Ecommerce Ventures looks very impressive. They have shared a number of businesses they are running currently (or have run in the past) to show their credibility. I have looked into those businesses and to be frank, Tai and Alex arenít showing the total picture.
There are many things wrong with Retail Ecommerce Ventures and Iíve elaborated on them later in the article. But first, I must point out the issues present in this scheme:
Red Flags in Tai Lopez Capital (Retail Ecommerce Ventures):
Apart from the shady background of its owners, Retail Ecommerce Ventures has many other flaws which made me question its authenticity:
High Minimum Investment
The first red flag of Tai Lopez Capital AKA Retail Ecommerce Ventures is its excessive minimum investment requirement. According to the FAQ section of Taiís website, Tai Lopez Capital OZ Fund, the minimum investment limit is $500,000. This is a huge commitment by any standards.
Once you invest those half a million dollars, you canít simply back out either. The minimum holding period is 5 years and it goes up to 10. For someone with no financial experience, Tai is asking a lot from others. It was the biggest reason why I even researched this much. I didnít want to lose $500,000 in a snap by investing with a shady business owner.
A huge problem with Tai and Alexís investment opportunity is the amount of misleading information they are sharing everywhere. As I have shared above, one website of Tai Lopez Capital says that the minimum investment is $500,000. But in his ads, Tai claims that the minimum investment is $25,000.
This is contradictory because a fund canít have two different minimum limits. Another issue is the confusion on who can invest in this venture. In some places, they claim that you must be an accredited investor but in others, they say you donít have to be an accredited investor. A $25,000 investment limit isnít necessarily to attract accredited investors too.
Such contradictory information is a bad sign. Usually scammers and fraudulent organizations employ this strategy so they can deceive people into buying from them. Investment funds strive for clarity and communication. Investors should be completely familiar with the fund. But such misleading information just goes to show that Alex and Tai have some other plans.
Tai and Alex are Marketers, Not Investors
Both Tai Lopez and Alex Mehr have just recently started acquiring businesses. Acquiring isnít the right term though, because they only buy the intellectual property and leave out everything else. When I looked into their portfolio, I found a common theme of deceptive marketing strategies. For example, MentorBox doesnít mention its price walls until the person has bought one membership. Similarly, Lean67 doesnít share any information on its supplement and only mentions that itís ďSold OutĒ all the time. These are not small problems. In fact, they are clear indicators of how Tai and Alex have been successfully running deceptive marketing strategies to defraud others.
Tai and Alex are not investors even though they claim to be. They are internet marketers.
Neither Tai nor Alex have experience in the finance industry. So trusting them with an investment fund is a huge risk in itself.
Buying Intellectual Property isnít the Same as Acquisition
They are buying intellectual property of major brands so they can Ďmarket themí how they want. Buying intellectual property isnít the same as acquisition of a business.
Acquisition usually refers to buying many or most of the assets of an enterprise along with the intellectual property.
Take DressBarn for example. It was a retail company with numerous offline stores. Tai and Alex bought its brand name (intellectual property) and started selling clothes online. This is not an acquisition.
Moreover, they donít use these brands as effectively as a smart entrepreneur would. Instead, they are ruining these brand names by implementing the shady business tactics they used in their previous ventures. A small glance through DressBarn reviews is enough to tell someone that something is wrong with this company. All of the brands present in the portfolio of Tai Lopez Capital have such problems.
Which is it Tai Lopez Capital, Tai Lopez Capital OZ Fund or Schweitzer Alexander? (Multiple Names For Defrauding Investors)
This fact puzzled me the most. Why do Alex and Tai keep multiple names for one investment fund? On some places they call it Retail Ecommerce Ventures, on others they call it Tai Lopez Capital Fund, while on others its name is Schweitzer Alexander. It raises a lot of questions on the reliability of this opportunity fund. And when you also add the shady history of its owners into the mix, things get more complicated.
I didnít understand why Alex and Tai have kept different names for their fund, I can only speculate. Moreover, they have overlapping information all around the websites of these brands. Like I pointed out earlier, Tai is using the email of Retail Ecommerce Ventures on the site of Schweitzer Alexander.
When you visit www.tailopezcapital.com, it redirects you to the homepage of Retail Ecommerce Ventures. This is all very confusing for any potential investor. Chances are, most people would click on an ad of one of these funds and invest right away. Tai is running different ads for these funds too. So which fund is a person investing in? Is it Retail Ecommerce Ventures? Or is it Tai Lopez Capital OZ Fund? They donít clarify it anywhere.
The portfolio of all of these funds is the same. I have pointed out those websites in this video:
As you can see, all of the websites look alike and have the same people behind them. But, they all have different names even though they are selling the same scheme.
Tai Lopez Capital Portfolio is Full of Famously Horrible Brands
The most significant selling point of Tai Lopez Capital is the number of their self-proclaimed disruptive businesses they have started. However, you canít take their word for it and invest $150,000 right away.
Tai and Alex market their previous companies as disruptive businesses but they are, in fact, a bunch of shady ventures. None of these investments have a popular brand.
But both Tai and Alex are familiar with deceptive marketing strategies. And they know how to make people think these companies are successful. Let me share some important insights on all of the so-called Ďdisruptive businessesí Tai Lopez Capital has:
Letís start with Zoosk. Zoosk is a dating site where people can meet others and is a product of Alex Mehr and Shayan Zadeh. Alex Mehr had sold Zoosk for $300 million to a company. However, it was more of an elimination of competition rather than acquisition of a successful enterprise.
On a popular review site, ConsumerAffairs.com, Zoosk has an average rating of 1.5 out of 5 stars with 150+ reviews. This rating alone is an indicator why you shouldnít trust Zoosk. When I looked into the complaints, I found that Zoosk has many issues.
For example, one reviewer says Zoosk charged her a renewal fee even when she had cancelled the service. Another reviewer complained that Zoosk charged him twice for the same subscription.
One person complained that Zoosk doesnít match people according to the metrics they enter and that people without the paid membership (which is called ďBoostedĒ) canít block a person who has a paid membership. In other words, if a person with a boosted membership is sending you horrible messages, you have no option but to ignore them. You canít block them.
I checked Zooskís rating on Google Play Store and found they have an average rating of 3.7 out of 5. For an app with more than 30 million users, Zoosk has a disappointing rating.
Apart from this, an unknown hacker breached into Zooskís database in 2016 and stole the emails of the same. People from Zoosk had denied this from happening but the sample emailed matched with ones on Zoosk.
After reading through several of these complaints, I noticed a pattern. Zoosk has no customer support and charges people without asking them. One might say Zoosk is a scam, and itís just the first Tai Lopez Capital product weíve discussed so far. We have many others to go.
Next up is MentorBox, which is a premier product of Tai Lopez and Alex Mehr. MentorBox is a subscription service which offers lessons, lectures, and workshops from authors and experts. While it seems like an amazing thing on paper, MentorBox is notorious for its own reasons. Apparently, people canít access the courses on MentorBox and complain about the customer service. MentorBox has an average rating of 1.7 on Trustpilot, another famous review site you mightíve heard of. People usually complain that MentorBox charges them more than they mention on their website. Itís a common theme in those complaints and it indicates that MentorBox isnít such a great company after all.
Another indicator why MentorBox is very shady and questionable is how it markets itself. The website says that you can get access to great courses by paying a small fee of $7 but when youíd sign up, youíll find that it has other membership plans as well, which the website conveniently hides until a person has bought a membership. Basically, they lure people into signing up by claiming they provide excellent courses for $7. But in reality, you can access those courses only by paying a higher fee.
FarmersCart is another venture of Tai Lopez and Alex Mehr. Itís a meat delivery service where you can order the meat of your choice online and get it delivered to your doorstep. Like all the other ventures I have mentioned here, FarmersCart seems excellent on paper.
On Schweitzer Alexander, the website of Tai Lopez Capital, they claim FarmersCart has a DOD growth of 100%. In other words, it should be a very successful business. It has a dedicated website, but apart from that, there isn’t really anything else online about FarmersCart. I found two complaints about them sending wrong products to their customers but thatís about it. While not every business has to have a strong online presence, considering itís a product of two online entrepreneurs and marketers, there should be something. There are no reviews of FarmersCart available online. In other words, it might not be as successful as Tai Lopez and Alex Mehr claim it to be.
Lean67 is a fitness supplement. They claim itís a low-carb, vegan, protein meal replacement shake.
Thereís a #lean67 on Instagram so anyone who buys it can share their purchase there. But when you check this hashtag youíll see that there arenít any posts on this except a few sponsored one.
Apart from that another reason why Lean67 isnít successful is its price. Supplements are expensive but Lean67 is the most expensive in the market. On top of that, its website shows ĎSold Outí ever since the product arrived.
This is just another one of those shady scam-like products Tai and Alex own. Like FarmersCart, Lean67 doesnít have any customersí reviews online, which is an indication that people arenít buying it anymore. I guess thatís why they have only written ĎIntellectual Propertyí under its name on their home page. The homepage of Lean67 doesnít specify any information on the product too. It only says that the product is ĎSold Outí.
Tai and Alex claim that DressBarn is earning a daily revenue of $100,000 or more. Clearly, they donít give any proof for this claim but when I looked into DressBarn, I only found negative reviews and consumer complaints.
DressBarn is an eCommerce store for womenís clothing. It used to be an offline retailer but it closed doors in 2019 and I believe Tai and Alex bought it as a part of their Ďdistressed businesses collectioní. I focused on the recent reviews of DressBarn and the picture isnít pretty.
Complaints of DressBarn are usually focused on failed product delivery. Apparently DressBarn doesnít deliver the product and has excessively long waiting times. On top of that, people arenít aware that DressBarn has changed ownerships. Most of the complaints claim that after the change in ownership, DressBarn has deteriorated in customer service and satisfaction.
These are the majority of the companies present in the portfolio of Tai Lopez Capital (or Retail Ecommerce Ventures). And as you can see, they all are packed with problems. SOme of them fail to deliver their services while others are practically non-existent.
By investing in Retail Ecommerce Ventures, youíll be investing in these companies, most of which are notorious for poor services while the rest have no proper existence
In the next section, I have shared some other concerns I have with Tai Lopez Capital:
Criminal Backgrounds of Tai Lopez Capital Founders
The main problem I have with Tai Lopez Capital is the shady backgrounds of the people behind it. Both Tai and Alex have faced their share of flak in the past due to their fraudulent ventura. When youíre investing hundreds of thousands of dollars with someone, you should know their full backgrounds:
Tai Lopez is the President of Retail Ecommerce Ventures. His bio on his website claims he has the biggest social media following of business owners. But when I googled Tai Lopez, I found a lot of information on his past ventures. Particularly, I found a detailed piece on Tai Lopez, that discusses all of his main products. According to it, MentorBox, 67 Steps, and the SMMA course are all major scams Tai has launched in the past few years. That article has also listed various Tai Lopez reviews from the web to show how many people have lost their funds because of this guy.
Apparently Tai started with a dating scam in 2007 called Elite Global Dating, which was filled with fake accounts. He made millions from that scam. If someone told me Tai has launched Retail Ecommerce Ventures with the same intent, I wouldnít be surprised at all.
To summarise, almost all of Taiís information products are filled with useless information. Those products have high price tags and focus on convincing people into buying more expensive courses from Tai.
Tai Lopez is a scammer who sells useless information products online. His primary source of income are his SMMA Course, 67 Steps, and MentorBox all of which have numerous negative reviews from various customers.
Alex Mehr is the CEO of Retail Ecommerce Ventures (or Tai Lopez Capital). He used to be a NASA scientist and became an investor later on. Alex had founded Zoosk and sold it for $300 million. After that however, he became a business partner of Tai Lopez with whom he launched several companies including MentorBox. However this all from his bio on the website, not from third-party sources.
I did some digging on Alex Mehr too, and I found a lot of people complaining about his premiere product, MentorBox. Because Alex and Tai are business partners, all of the ventures I have already discussed in this article are their products, so I wouldnít go into much detail about them. However, I would like to point out that Alexís primary venture is MentorBox and it has many complaints on the web. Similarly the second-most prominent venture of Alex is Zoosk, which is a nightmare in terms of customer service.
In other words, the owners of Tai Lopez Capital arenít trustworthy. Associating with them is a huge risk in itself, apart from the obvious risk of their ventures.
Is It Worth Investing in Tai Lopez Capital?
You shouldnít risk half a million dollars into a fund run by people who are notorious for scamming others.
Most of the information I have shared in this article was quite difficult to find. And remember, no fund manager would share these realities of their portfolio.
I have always done extensive research before investing but this fund is different. Its owners are promoting it heavily and I fear many people will end up falling prey to it. Tai and Alex are famous for their deceptive marketing, so it wouldnít surprise me if people fell for this scheme too.
I advise you to conduct proper research before making such investments and I hope my Tai Lopez Capital review helped you to some extent. If you know any other investor who wants to buy shares in Taiís businesses, please do share this article with them. They should be aware of these things.
Thanks for taking time to read this review.This review (Tai Lopez Capital) was originally published at The Skeptic Tank. To read the full review, go to – www.skeptictank.org/tai-lopez-capital-review/