Brooke Franchise Corp. Sued for Fraud, Violation of RICO Act

September 26, 2007

  • September 26, 2007 at 4:14 am
    Shudda Lemknowbefo says:
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    Now that I’m involved, it is plain to see that the success of a franchaisee is not in their interest. If the franchaisee fails they sell a new franchaise and another sucker is born.

  • September 26, 2007 at 4:45 am
    NonBrooke says:
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    I have known two people who got involved with Brooke, both left after two years. I hear nothing good about these folks. When I get their mailer, it goes straight into the trash. I am sure someone from Brooke is reading this. The message is, your model doesn’t work. People don’t like dealing with a half deck. The organization that do it right thrive, the organization that play games struggle to survive.

  • September 26, 2007 at 4:48 am
    Former Brooke EE says:
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    Finally! I’ve been waiting for this day to come. I hope all you Brooke agents out there jump on the bandwagon and start a class-action lawsuit against them. They’re nothing but crooks and hoodlums.

  • September 26, 2007 at 4:51 am
    Sawit Hadbad says:
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    Shudda is right. Agent failure is in their best interest.

  • September 26, 2007 at 4:53 am
    Wes Shannon says:
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    If you want to start in the independent insurance agency business. There are many more and financially sounder opportunities to do so than with Brooke.

  • September 26, 2007 at 5:42 am
    Selling theglassceiling says:
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    The alledge allegations are true…thats why Brooke hired a lawyer that specializes in class actions suits…they are getting ready for what is to come. Right now every Brooke Agent in my area with an acception of two are leaving so the comment about “over” 800 franchisees is a misrepretation itself. The commissions you make never apply to the building debt, so your debt and the interest only grows larger. If you question Brooke and refuse to sign their monthly statement they “threaten” to deny your commission advance. I know I saved the emails. DO YOUR HOMEWORK before signing their contract….call every agent in your state and see how many answer…ride by the offices and see how many are opened.

  • September 27, 2007 at 8:00 am
    Jeremy Pool says:
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    Employee when you can please call me!

  • September 27, 2007 at 8:03 am
    jeremy.pool@sbcglobal.net says:
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    Employee my cell is 817-253-0443. Thanks Jeremy Pool

  • September 27, 2007 at 8:35 am
    SWFL Mark says:
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    My experience with Brooke came from the company side and our experience with Brooke owners were that many new owners were unprepared for agency ownership and management. Brooke offered little help, had financing that was totally in their favor, and did not allow agents to review actual commission records.

    While the concept of a franchise is not always a bad idea, Brooke’s fees were much higher than the “franchise services and recognition” they offered. Their model is riddled with flaws. Obviously there are some Brooke agecies that are successful, but if you you look closer at those agencies, they are formers IA’s that enjoyed good success, were sold to Brooke, then Brook turned around and sold them to a new owner, and the agency (in spite of Brooke)continued it’s good results. Brooke doesn’t offer a successful recipe if you are starting from scratch. That’s hard enough to do without someone skimming 15% of your income and keeping you in the dark about actual commission revenue.

  • September 27, 2007 at 8:39 am
    igotcrooked! says:
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    I urge everyone having problems with Brooke to send an email to the Big “I” (Independent Insurance Agents Assn)State and National. Do this whether or not you are a member! Send the same letter to PIA (Professional Ins. Agents) State & National. The Latin American Agents Assn is involved!!!! Let’s seek the help of ALL of our associations.



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