On Wednesday 4 July, Consumer Affairs Victoria inspectors attended the Sebel Albert Park Melbourne where Stephen Pierce was holding a private educational event.

Mr Pierce advertised the event as:

“Discover How A 35 Year Old Former High-School Dropout Turned His Life Around And Today, Pulls In A MASSIVE $387,065.41 Per Month On The Internet Using His Proven, Easy To Follow, Step-By-Step System…”

Inspectors made contact with the seminar organisers and venue managers and explained who they were and what they planned to do prior to the seminar commencing.

Inspectors also handed out consumer legal rights information and Consumer Affairs Victoria contact details to attendees. The information included the following:

CAV would like to draw your attention to the following important information about the ‘Investment Seminar’ presented by Stephen Pierce at the Sebel Albert Park Melbourne.
• No statutory cooling-off period applies to any contract you enter into with Stephen Pierce or the seminar promoter, Knowledge Source.
• The registration form for this seminar contains important information. READ THIS DOCUMENT CAREFULLY, especially the fine print before signing it.

To PROTECT YOUR INTERESTS CAV recommends that you:
• CAREFULLY READ all documents you receive particularly any document you are asked to sign. Do not sign any document until you understand what it means and you agree with it.
• BE AWARE you are likely to be invited to enter into a legally binding contract with either Stephen Pierce or Knowledge Source.
• KEEP A COPY of every document you receive at the seminar particularly any document you are asked to sign.
• BE WARY of high pressure sales techniques such as:
  • allowing no time for questions or consideration
  • seminar promoters or speakers who try to sign you up ‘on the spot’
  • offers of discounts or prizes for those who ‘sign now’
  • ‘rags to riches’ stories supported by written testimonials
• REMEMBER if it sounds too good to be true it probably is.

If you receive marketing material from Stephen Pierce or Knowledge Source via a fax and do not want the material then fax (02) 8214 6840 and ask to have your details removed from the database.

The information contained here relates only to your legal rights rather than any information presented at the seminar. Despite requests Consumer Affairs Victoria has not received a copy of the seminars’ content from either Stephen Pierce or Knowledge Source.

Consumers can contact Consumer Affairs Victoria on 1300 55 81 81.