Gerson Lehrman Group Scam
NEW YORK, NEW YORK -- Actually, GLG is a scam -
I received an invitation from one of their representatives to do consultations for GLG, as have many others and was left with the impression that opportunities would be presented to me provided that I submitted applications for open consulting projects.
I have already supposedly been 'promoted' to the 'Educator' Level, still applying for consults, and I believe there are Federal Statutes governing this, if a company presents you with an opportunity and offers you a position, it is partly their responsibility, provided you are doing your part in whatever agreement you have with them, to ensure that you are benefiting from your efforts and being compensated for your efforts.
If you fall for this scam and you do research for their company for alleged consulting opportunities, make sure you send them a very large bill (MY invoice totaled more than $40,000) for whatever research you did for them to do that, calculate the number of hours and multiply those hours by whatever hourly rate they set for you.
Also, if you fall for this scam, DO NOT BE SURPRISED IF YOUR ACCOUNT IS DELETED IMMEDIATELY AFTER INQUIRING ABOUT THE STATUS OF CONSULTATIONS FOR WHICH YOU HAVE SUBMITTED ACCEPTANCE APPLICATIONS
And as for anyone from GLG who sees this, which I am certain at least a few of you have, IF YOU DON'T WANT TO BE EXPOSED AS A SCAM, OR FOR FRAUDULENT ACTS AS PUNISHABLE BY LAW, SUCH AS YOUR ILLEGAL INSIDER TRADING SCAM FROM 2007 (the link for the original article follows this comment) DON'T LIE TO THE PEOPLE WITH WHOM YOU MAKE CONTACT FOR YOUR BOGUS CONSULTING PROJECTS.
HERE IS THE LINK FOR THE ARTICLE MENTIONED ABOVE, BUT THE ORIGINAL ARTICLE CAN BE FOUND ON PAGE 2...IF YOU COPY THE LINK INTO YOUR BROWSER, YOU WILL NEED TO SCROLL DOWN A BIT TO READ IT:
1) From http://smallbusiness.att.yahoo.com/r-answers-a-20090115162748AAJzef2-k-Photobucket.com
Need help determining if this is a scam?
I received a letter in the mail today from a company called The Gerson Lehrman Group along with a check for $2875.00. Supposedly I have been selected as a mystery shopper and they want me to deposit the check in my bank account and use it to fund my "shopping spree". The check looks legit although the signature was done electronically. Here is a link to the letter and check image: i6 ... You should be able to click the image to zoom in on it. I have erased some of the sensitive check information just to be on the safe side. I wouldn't ever cash a check like this but just wanted some opinions about it... Scam? Legit? Thoughts? Should I report this?
2 years ago - 5 answers
Chosen by Asker
It is a scam. A guy I'm associated with cashed a check similar to that and was prosecuted later when it bounced. Don't cash that check. Report it to the police. Have you attempted to research this so called company online? Type in thejobplanet scams and see what pops up. A lot of people are saying they posted resumes with this company and it made them targets for these scams because the company doesn't investigate employers and whether they are lucrative businesses or not before they give them your personal information. That is beside the point though, scam artists use lucrative names all the time, like shell corp. and all kinds of other names to try to con you into doing such things. If there is a number on the paper try calling it, I'll bet you get a voicemail or a foreigner that can barely speak English on the line. ;-)
Take the check to your bank so they can report the scam.
by Worldly25- 2 years ago
If it seems to good to be true - it quite often is! Don't trust it!
by Froglet- 2 years ago
yes, yes, yes, yes, yes, yes, yes yes, It is a scam. please don't cash that check. and yes, report it, maybe it would help to report it.
by daveoddity91- 2 years ago
Join Date: Sep 2003
Posts: 2,737 Council of Healthcare Advisors at Gerson Lehrman Group
Dear fellow therapists
Has anyone else had an email inviting them to become an advisor/consultant to this group's clients? Here is their website: http://www.thecouncils.com/
I'm not sure what to make of it, I'll have to read and re-read the information a few times!
11th July 2004, 01:21 PM #2
Join Date: Sep 2003
Posts: 1,217 RE: Council of Healthcare Advisors at Gerson Lehrman Group
Does not look like they want therapists to treat their clients...
14th July 2004, 08:36 AM #3
Join Date: Sep 2003
Location: Hitchin, Hertfordshire
Posts: 849 RE: Council of Healthcare Advisors at Gerson Lehrman Group
Yes I got this email Siobhan. I think they probably mass mailed from the AoR website or something and my email was addressed to Dr Holland [&:] Looking at the website they are looking for "experts" to advise investors about different areas, one being healthcare. I don't see why they are approaching reflexologists. Probably another scam..!
3) From http://www.michaeldavidthomas.com/dailycaveat/labels/Gerson%20Lehrman%20Group.html
1/16/2007 NY Attorney General's Office Subpoenas Research Firms
Subpoenas have gone out from the NY Attorney General's Office to two prominent research firms servicing investment managers, Gerson Lehrman Group and Vista Research (a unit of McGraw-Hill). At issue is whether Gerson Lehrman or Vista may have discussed material non-public information with their interviewees in violation of insider trading laws.
Interestingly, the SEC also has a parallel investigation under way regarding whether several hedge funds may have also benefited from the acquisition of similar non-public information. That too will bear close watching.
4) Other comments:
re: Gerson Lehrman Group 8/25/2008 8:22 PM (from ex GLG employee)
Beware of GLG. They will spam you like there's no tomorrow once you join. They have armed themselves with all these compliance frameworks when in fact, a lot of insider information usually leaks out at the public meetings. God knows what happens at those private meetings...
re: Gerson Lehrman Group 10/5/2009 1:36 PM Rich
GLG is a very shady organization. I had an "interview" with them and they were very rude and unprofessional. The one girl sounded like she was drugged up (could barely complete a coherent sentence). I suggest anyone looking to work with them to be very careful.
A heads up in regard to K.K. Gerson Lehrman Group (this is GLGâs office in Japan).
They posted a job a few days back. I took a look and, in order to even be considered, I was forced to enter a virtual CV in their database. I grudgingly complied. The job start data came and went without any contact, negative or positive, from the company. It was just as I had expected. It appears that this is just another company trying to bloat itself up with a full database of CVs to make it look like this hotshot globally active shaker and baker. To K.K. Gerson Lehrman Group: Stop wasting people's time.
To anybody else who may come upon this type of scam: Be prudent.
From: Wayne Root
Date: Sat, 24 Jan 2009 11:38:10 +0900
Local: Fri, Jan 23 2009 9:38 pm
Subject: Re: K.K. Gerson Lehrman Group farce
Good one, Tom. I, too, would warn anyone and everyone to stay away from GLC.
From: Jeremiah Bourque
Date: Sat, 24 Jan 2009 10:55:52 -0400
Local: Sat, Jan 24 2009 9:55 am
Subject: Re: K.K. Gerson Lehrman Group farce
I wanted to take an opportunity to thank the people who followed up
about GLG with their prior experiences. I couldn't help but wonder given the nature of the original post; greater context is very valuable.
Given how these are not fun economic times in the financial sector in
general, it's good to know what companies should be avoided, and what
companies are just going through the same hard times as everyone else.
So, a sincere thanks to those contributing regarding this issue.
From: "Sam Spiteri"
Date: Sat, 24 Jan 2009 12:26:55 -0500
Local: Sat, Jan 24 2009 12:26 pm
Subject: RE: K.K. Gerson Lehrman Group farce
My experience was the same as Tom's case.
After going through their very involved 'registration' process I have not been contacted, even once, about the job offer I responded to or other jobs. But I did get a lot of spam from the Gerson Lehrman Group until I asked to be de-registered. I responded to the poster because I wanted translation work not because I wanted to be sold or offered various other business and learning opportunities.
I'm not sure but they seem to be a business to business networking 'group' rather than a translation agency or direct client.
I think whether or not you get work from them depends on the group 'member' not the group.