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Before the pandemic, Mark King worked in marketing for major corporations, but the Los Angeles man dreamed of working for himself.
Then a friend told him about a man from Maryland nicknamed “Mr. 50k a day,” who allegedly made huge profits through affiliate marketing online. That guy, Greg Davis, claimed that he could teach others how to make money by promoting other people’s products online as well.
King said he hired Davis in early 2020, expecting to design an affiliate marketing campaign for him that could generate up to $10,000 a day within six months. His services didn’t cost cheap – nearly $70,000 – and came with a one-year money-back guarantee.
“He was the affiliate marketing guru,” King said, adding, “His assurances were, ‘We’re going to start making money fast.
But after hiring Davis, whose company is called The Legin Group, King said things went south.
Not only did he not make a profit, he said, but after more than a year and a half, Davis had failed to return his nearly $70,000 investment as their contract required.
“I feel like it shouldn’t have happened,” King said. “I didn’t make any money during this whole process. This was a fiasco.”
The News4 I-Team found that King isn’t the only one who has hired “Mr. 50K A Day” to help launch an affiliate marketing career only to appear empty-handed. Through court records, reviews, and online interviews, the I-Team found many people who said they had paid Davis thousands of dollars to train and help set up an affiliate marketing company, only to receive little or nothing in return.
In an interview with I-Team, the man behind “Mr. The 50K-a-day title admitted he owed a king and “very few” other people’s money, but insisted he planned to pay it back.
“I feel bad. I don’t want, you know, people to not have their money… I don’t feel good about it at all,” said Davis.
The Prince George County man blamed the pandemic for his financial woes, saying his company idled last year because his “main campaign” was focused on promoting auto insurance, which he said suffered when Americans went into lockdown. He said he was still extracting the backlog.
If the epidemic had not happened, none of this would have happened. “We won’t talk,” he said.
But the I-Team found several people who said they lost money to Davis before the pandemic, including Floyd Garner of Maryland, who hired Davis in late 2017.
When asked what he expected to learn from Davis’ training, Garner said, “What I was supposed to learn was work, but instead, I got to work.”
Records indicate that Garner initially paid Davis $15,000 for a three-month online course in affiliate marketing and later paid more than $6,000 in additional fees related to advertising campaigns. But Garner said Davis did not provide training services or evidence of a marketing campaign.
“There were promised profits, and this was nothing but a loss,” Garner told News4.
Garner sued Davis for breach of contract, willful misrepresentation and fraud in 2019 and won his case, but records show it took more legal deposits before it was paid.
John Petreeko, of Florida, told I-Team that he hired Davis for $20,000 in March 2019 to launch an affiliate marketing project for which Petreeko would eventually take over.
Instead, Petriko said it was sold “like a dream.”
“The business never got to the point where I could actually take it,” Petriko said. “He’s never had a physical product or even an electronic product that I can even see or go to, ‘Okay, I can join this. “He gave excuses after excuses.”
Petrico said that Davis has paid off more than $15,000 of his investments, including in cryptocurrency, but he is still waiting for the rest.
Although Davis admitted he owes a lot of people money, he said he has “hundreds” of clients and that many have benefited from his training.
He sent the I-Team a number of video testimonials from previous clients that he said gave up to six and seven figures. News4 has tried to reach out to many of them.
Lamont Price, of Baltimore, wrote in a letter to News4 that “Greg’s program has been very successful” for him and was “worth the investment.”
I-Team reached out to John Gray said he spent about $2,000 several years ago to take one of Davis’ courses on CPA Marketing — something he said helped launch his current email marketing career.
But when asked if he earned a “seven figure” as a result, as Davis told I-Team, Gray laughed and said, “No, no, no, and my tax returns will prove it.”
Before entering into any type of training agreement, consumer law attorney Michael Ostroff advised people to determine if the service was a consumer, personal or business transaction, as this states what type of protection is available should the transaction occur sideways.
Ostrov, who represented Garner in his case against Davis, also said potential customers should ask myriad questions about what they’re buying and make sure not all services are paid up front.
“The more questions you ask before getting into it, the more you have a written contract, the more you understand what is expected of you not only from you but from the other party, the better,” he said.
The Federal Trade Commission, which tracks online training programs that go wrong, declined to comment for this story.
But Andrew Smith, a former director of the FTC’s Bureau of Consumer Protection, told I-Team he was “not surprised” by the level of losses reported by people like King.
Smith wouldn’t comment on Davis’s business specifically, but said, when it comes to the investigation of wrongdoing, “From an FTC or law enforcement perspective, what makes the difference is false or unverified earnings or lifestyle claims.”
Although previous clients including King and Garner said Davis gave them assurances that they would make money by hiring him as their coach, Davis denied this and said he was revealing to his clients that not everyone would make big money.
I didn’t necessarily guarantee that they would make money. I just said, for example, if they don’t get their money back in 12 months, I’ll give them back, you know,.”
Asked about King’s claims that the marketing campaign Davis was creating for him could generate up to $10,000 a day in six months, Davis said, “That wasn’t a promise. It was a goal.”
However, one of the arbitrators overseeing King v. Davis with the American Arbitration Association wrote that Davis “intentionally miscalculated that he made $5,0000.00 per day and millions in total through affiliate marketing” and that he “would provide services that would generate income immediately.”
In September, Prince County Judge George Davis also ordered that King’s investment of $70,000 be repaid, plus additional costs.
King said Davis recently indicated he would pay him back but he hasn’t done so yet.
Meanwhile, Davis told I-Team that he is considering moving away from affiliate training and is now teaching others how to invest in cryptocurrency.
Reported by Susan Hogan, produced by Katie Leslie, filmed and edited by Lance Ing. NBCLA I-Team reporter Randy McElwain contributed to this report.