This Stop Teleteria outfit seems quick to post, but slow in responding to your comments. Until they get around to it, I'll step up the plate. Your reponses are legitimate and need to be addressed. For a general outline of Jay Servidio and Teleteria's business practices, Google "Jay Servidio" and "Teleteria" and do he same at
www.hahahahahahahahahahahahahahaha.com. However, it sounds like you're pretty busy, so I'll make it easy. Search "Teleteria" at
www.BadbusinessBureau.com. I am including my complaint to
www.ifccfbi.gov. (This is the site for Internet fraud complaints to the federal government, including the FBI.)
Jay Servidio, president of Teleteria Inc., defrauded me out of $5,230.69 in the sale and operation of an adult Internet Web site.
In November 2001, I purchased an adult Web site from Teleteria Inc. titled touchmyass.com. The total cost was $5,230.69. Payment included the site itself, along with Web hosting and video streaming that I was required to buy from Teleteria, in a turnkey operation. Mr. Servidio promised in Learning Annex classes in New York City, by telephone, and in a New York Press news article that the site would make $70,000 a year in profits if I ?marketed? the site; that is, listed it with various search engines.
Following Mr. Servidio?s directions to the letter, I listed the site with more than thirty search engines. A trial three-day membership was priced at $3.95 and a one-month membership at $24.95. In three months? operation, revenues were $7.90. This total represented two $3.95 trial memberships, including one purchased by me to check out the system. The recurring costs for Web hosting and video streaming, which had to be purchased from Teleteria, totaled $1,050 every three months. Upon further investigation, I learned that there are nearly 1.6 million adult Internet sites, according to research by software firm Websense, many of them free to users, and that the site in question was of very poor quality. Teleteria?s turnkey sites cannot possibly make a profit, a fact Mr. Servidio must have been aware of since he touts himself as an expert in the industry. Therefore, his intent was to defraud.
He also stated that if the site failed, ?You can always sell it.? This statement is a lie. I was unsuccessful in attempting to sell the site. Potential adult Web site purchasers are aware of the business realities outlined above. They have no incentive to buy a worthless site. Mr. Servidio claims that he ?sells? the Web site to his customer. However, he commits additional fraud by retaining the site and design work, which the customer paid for.
In an e-mail on March 8, 2002, I requested that Teleteria buy the site back. Mr. Servidio refused in an e-mail on the same date. On March 30, 2002, I demanded by e-mail full reimbursement of $5,230.69. Mr. Servidio refused the demand in an e-mail on the following day. On May 2, 2002, I sent Mr. Servidio a certified letter by U.S. mail again demanding full reimbursement. He refused in an e-mail dated May 4, 2002. As a dyed-in the-wool con artist, Mr. Servidio requested even more money to remedy the situation. I again demanded full reimbursement in a certified letter dated March 16, 2004. He has failed to respond.
In summary, Mr. Servidio knowingly induced me to purchase a worthless Web site and related services in an ongoing fraud. I believe he has defrauded many other persons, according to postings on various Internet fraud Web sites. It is in the public interest that Mr. Servidio and Teleteria make restitution to me and his other victims. Mr. Servidio and Teleteria Inc. have made false, misleading, and unsubstantiated claims. I request a permanent injunction closing down Teleteria and restitution. Your assistance in this matter is appreciated.
I apologize for the length of this fraud complaint to the feds, but you did ask for proof. I encourage anyone who was defrauded by Jay Servidio and Teleteria to file a complaint with
www.ifccfbi.gov, as I have done. Let me know if you have additional questions or comments.