As reported by one of our contributors, "Heritage has been under investigation by the Ontario Securities
Commission for the past year. They have also been fined $50,000 by the
BC Securities Commission."
It has been suggested that we "reach out to the securities commission in our home province or at least to the Ontario Securities Commission so that they know that the underhanded practices are still continuing." Great idea!
It is evident that many families are suffering emotionally and financially at the hands of Heritage but, for obvious reasons, people want to remain anonymous on this site. Perhaps you would be willing to share which province you are from, so that we can demonstrate to the Securities Commission, the reach of Heritage's bad behaviour? To put it mildly!
It has been suggested that we "reach out to the securities commission in our home province or at least to the Ontario Securities Commission so that they know that the underhanded practices are still continuing." Great idea!
It is evident that many families are suffering emotionally and financially at the hands of Heritage but, for obvious reasons, people want to remain anonymous on this site. Perhaps you would be willing to share which province you are from, so that we can demonstrate to the Securities Commission, the reach of Heritage's bad behaviour? To put it mildly!
Ontario
ReplyDeleteVery interesting, I am dealing with dealing with this company to sort out the mess it created over the last two years. I am at a point I will be going to the Ontario Securities Commission and to my lawyers. I will not go into detail here; however, I will let you know iI am not happy with this company. For the last 5 years I have been telling people not to use this company and I have been giving them the reason why too....
ReplyDeleteAt this time, I am posted in Ontario.....Marc.....(will give my email address when ask by the right people)
Its time to take action
Do you need the support of others who are also dealing with this company but cannot afford lawyers?
DeleteHello Marc, It's been a couple of months since your post, and I'm certain people are wondering how things are going... we certainly are. Do you have any updates you may share with us? Any advice or words of wisdom to impart as you go through this process?
DeleteDO NOT USE THIS COMPANY! EVER!
ReplyDeleteBritish Columbia
ReplyDeleteOntario.
ReplyDeleteSince I haven't been contributing, the company has taken all the money in the RESP account. We have a balance of $0. The sale rep told me that if I left the money in the account until my daughter reaches 18, we will get all the deposit back. It is obviously not true.
ReplyDeleteHi, I am a student and a recent victim of Heritage. They robbed me and my family of 10000 dollars, and like a lot of the other people here we did not see this coming. See, heritage has dirty'd the lens that society looks through and as create an honorable image about itself which it portrays to society. This is obviously not the case and it is time somebody cleans that lens and exposes Heritage's true colors. Myself and an investigative journalist are starting a film series called Exposed. The first episode, Heritage. The idea is simple, we make Heritage famous through a viral film. Then use that fame to expose them for what they really are and focusing societies attention on these scam artist. With enough attention we can demand for a change. Currently, we are beginning to gather proof of this scam. This includes: electronic signatures, documents, interviews with people that are wiling to stand up for themselves, interviews with Heritage, aggressive sales tactics/marketing schemes and related court cases. We need your help though, this blog is a great start and there lots of people here who are also victims. People that could help in bringing down these crooks. Email me, thejalger01@gmail.com
Originally, in the late eighties, the heritage education fund was recommended by the federal government as a reliable and effective means to provide funds for one's growing child's post secondary education. I managed to sign up both my kids ('86 and '90). I was concerned, when in the nineties the federal government withdrew it's support and actually had some bad things to say about them.
ReplyDeleteShortly after this announcement, we received a visit from a heritage funds "advisor"-more a shill- who poohpooh'd the government's position and tried her best to get us to increase our contributions. I was sceptical and kept my payments the same. Big mistake! I should have yanked all the money and kept it under my mattress instead. I would have been no worse off.
When it came time for them to pay up I was completely taken aback by the various "rules" that would suddenly appear whenever I spoke to an agent of this gang of thieves. Literally every time I spoke to them I would end up so upset, it would take me days to settle down and it was affecting my health. Finally, I just pulled the remaining funds and paid over 50% in taxes.
Horrified at the prospect of dealing once again with them upon my daughter's entry into the post secondary world, I nevertheless plunged in, hoping that perhaps I would have a less traumatic time dealing with them. Was I wrong! She went to university for one year, did ok, but decided she wanted to pursue a different educational path. I called heritage and explained her decision, thinking that they were in some way interested in the students enrolled in their program. I was told that she could only get her money if she enrolled in a year-long university course, not any semester system or trade schooling. This was completely contrary to what the company rep. told us years earlier. She essentially told us what we wanted to hear in an effort to tease more money out of us. At some point my daughter wants to go back to university, so I left the funds alone. I ignored many of the heritage letters, which in the past caused only stress and high blood pressure and went with the words of the home-visiting shill, who insisted that the funds would be available whenever my daughter wanted them.
Now, my daughter is still completing her education and I have decided to liquidate the rest of her funds, eventhough I know it would mostly go to taxes. Upon contacting Heritage, I was told we had "forfeited" the remaining funds by not contacting them under some unclear time table, again contrary to what we had been originally told. So now, my daughter who has had to work to pay for her education and was looking forward to finishing it with the help of the paltry sum left in her account, has once again been victimized by the gang of thieves. When they want more money, they will pay someone to come to your door, but when they are taking your money you are not afforded even a phone call.
Let me say again, keep your money under your mattress and you will do as well or better than dealing with those criminals.
I just learned they stole over $13k from my daughter's fund started in 1999. She is going to university next year! I've written to the Omnibudsman. Timmins, Ontario
ReplyDelete