Similar Threads
1. I am Threatened by an Attorney for Norvergence
2. Norvergence & the "Matrix Box"
3. Here is the Norvergence Matrix Gear Solution
4. NorVergence SOHO Matrix is Fraudulent
If you were sold or have been pitched the Matrix SOHO product from
NorVergence, you have been defrauded.
Here is why:
1. You sign a five year Equipment Rental Agreement for a Matrix Box
but you do not get a Matrix Box. You get Internet access either via DSL
or cable, and, if you had the Internet access before, it is likely the
same service provider only taken over by NorVergence (and they can
afford it because they get paid for the five years of the deal up
front). Then, when installed, NorVergence tells you that your Matrix
Box is either the DSL modem or the cable modem they installed. This is
something you can buy at Best Buy for about $70.
2. You only really get a 20% discount.
This is how to calculate how much NorVergence got paid:
Let's say the price of your Matrix Box is $250 per month. Divide that
$250 by .0218, that totals $11,467.89. That is how much NorVergence
was paid for up front by one of many banks that may have funded the
five year deal. Then you pay the bank $250 for 60 months, or $15,000.
The bank makes $3,532.11 above the amount they paid to NorVergence.
With the NorVergence SOHO product your telephone lines are simply
switched to Qwest for toll (local-long-distance) and long distance.
How they offer you the zero cents per minute is that the NorVergence
proposal when they sold you was simply a twenty percent discount on
the cost of all of your services combined (cellular, toll-free,
interent access, toll and long distance) and the costs were built into
the non-existing SOHO "Matrix Box" or hidden costs.
In other words, say you have $50 of Toll and Long Distance usage on 4
lines, $100 of usage for one toll-free number, $300 average for 3 months
of cellular usage for 2 cellular phones and DSL for $50 per month.
That totals to $500 in monthly costs. NorVergence will simply take
twenty percent off of that $500 (they may use 19.1 to 19.6% to throw
you off). Twenty percent off of $500 is $100. Your new monthly costs
are now $400. Then they subtract from the $400 the SOHO circuit price
of $9.99. Your Matrix Box cost is now $390.01. Then they subtract
$24.95 for unlimited toll-free usage. Your Matrix Box cost is now
$365.06. Then they subtract about $19 for the two cell phones. Your
Matrix Box cost is now $346.06. If there is nothing left to subtract,
your SOHO Matrix Box (which does not exist) price is the $346.06. That
is what you pay back to the bank for 60 months which totals to
$20,763.60. Yet, NorVergence gets paid up front from the bank the
$346.06 divided by .0218 or $15,874.31. Remember, all you got was a
twenty percent discount and either a DSL modem or a cable modem, yet
over five years you pay $20,763.60. At $15,874.31 NorVergence got from
the bank, they can afford to pay Qwest the discount bulk rates it gets
from them and deceive you into thinking your getting "Voice as
Unlimited Data" at zero cents per minute through the non-existent
"Matrix Box".
Their Price and Savings Gaurantee is worthless because it has to be
compared with other companies for identical services. What other
companies are out there that offer the same services and some kind of
magic box? None.
Some more NorVergence facts.
The Chairman and CEO of NorVergence is Peter Salzano. However, he is
just a front man for his brother Thomas N. Salzano (Tom Salzano) who
is the true decision maker at NorVergence. Tom Salzano was the former
CEO of Minimum Rate Pricing, Inc. which was fined the highest penalty
ever by the FCC for Slamming -which is changing your long distance
provider without your authorization. The FCC also barred him from ever
running a telecommunications company again. So at NorVergence, he is
only a "consultant" and is not in any literature. He is, however, in
the same building that NorVergence resides at in Newark, New Jersey.
Feel free to go to www.fcc.gov and look up "Salzano" or "Minimum Rate
Pricing". You may also find information on USENET.
What you should do if you have been sold or have been pitched by
NorVergence, especially the SOHO product.
Call the Federal Trade Commission (FTC)and file a report with their
Fraud Department. The FTC's toll-free number is 877-382-4357. You will
be asked to provide personal information such as your address,
telephone numbers and e-mail address, but this organization will do
something to stop this fraud. Remember to write down the reference
number they give you. Feel free to reference an existing reference
number regarding this matter. It is "3377569".
How do I know about all of this?
I went throught the NorVergence training program. Do your best to
warn others about this fraud.
5. Norvergence -- Getting out of a Matrix Contract
6. Here's the Norvergence "Matrix Box" Directly on Adtran's Website
7. NorVergence is Having Popular Leasing Hound and Threaten Me
8. NorVergence: More NYS Lease Settlements