BBB Business Review
This Business is not BBB accredited
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We have requested background information from this company including the nature of their business but we have not received a response. BBB has concerns about the promised returns on investments that are being reported to us by inquirers. Callers indicate that more focus is placed on the recruiting and investing aspects compared to the actual penny auctions themselves. Please be sure to read additional articles listed below about pyramid and Ponzi schemes.
A recent review of customer complaints shows a pattern of customers not receiving promised payments from the business as well as difficultly reaching the company.
This business is not BBB accredited.
Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.
To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.
Reason for Rating
BBB rating is based on 13 factors. Get the details about the factors considered.
Factors that lowered the rating for Rex Venture Group include:
- 333 complaint(s) filed against business
- Failure to respond to 11 complaint(s) filed against business
- 1 complaint(s) filed against business that were not resolved
- BBB concerns with the industry in which this business operates
- Government action(s) against the business
Factors that raised the rating for Rex Venture Group include:
- Length of time business has been operating
Customer Complaints Summary Read complaint details
|Complaint Type||Total Closed Complaints|
|Problems with Product/Service||225|
|Total Closed Complaints||333|
Customer Reviews Summary Read customer reviews
|Customer Experience||Total Customer Reviews|
|Total Customer Reviews||0|
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