Derek Cheung promises of financial freedom through his Airbnb empire are nothing but a facade, concealing a web of deceit and exploitation.
Let’s delve into the dark reality of Derek tactic’s tactics, illegality, and unethical behavior:
- Derek lures unsuspecting students with promises of profitable Airbnb units, boasting of his supposed empire making $400,000 a month. However, his promises are built on lies and deceit.
- Derek falsely claims to personally vet all units, but it’s his assistant who makes these promises.
- The initial sign-up fee of $2.5k grants access to Derek’s course and masterlist. But what awaits inside is far from valuable.
The course content, advertised as exclusive, is nothing more than basic 30 seconds videos with information easily accessible through a Google search.
4. Derek markets the masterlist as a meticulously curated selection of Airbnb-ready properties, purportedly vetted by him personally and approved by landlords.
These units are presented as located in profitable and legal Airbnb areas with earning potential of at least 2X the rent, enticing aspiring entrepreneurs with promises of lucrative returns.
5. Derek’s master list contains units in areas where Airbnb is illegal. Confronted with concerns, victims are pushed to pay tens of thousands more to join Derek’s coaching group. This promises guidance on illegal activities, Victims find themselves forced to pay Derek extra just to list units from the master list they’ve already paid for.
6. The masterlist contains a large number of units with missing pictures, prices, and amenities, rendering it impossible to assess their investment potential.
7. Most units are listed during the low season, contrary to Derek’s own warnings against investing during this period.
8. Despite Derek’s assurances of financial freedom, the units are unprofitable and fail to deliver on his promises.
9. Numerous units on the list are situated in large buildings with 10-80 other units available to Derek’s customers, fostering intense competition that renders investment opportunities nearly unattainable.
10. Despite being touted as a major selling point, Derek’s profit calculation bot is down a staggering 95% of the time. This conveniently prevents victims from accurately assessing the profitability of his units.
11. After selecting a minimum of three units from the list, Derek assures victims that his team will negotiate with landlords on their behalf. However, victims soon discover that Derek’s team falsely claims to handle the application process, leading to frustration and wasted time. Despite numerous follow-up attempts, victims are often left in the dark, only to be informed of rejection. Even when application papers never provided and filed. This cycle of false promises, lack of communication, and rejection repeats itself, perpetuating victims’ frustration and disappointment.
12. Victims initially pay $2.5k to access the masterlist of units. However, when they voice concerns about the listed units, Derek’s assistant pressures them to pay an additional $10k upfront. This payment is supposed to grant access to “headhunter units” from Derek’s advanced team, the same team that supposedly earns him $5 million a year.
13. Despite this hefty payment, victims find themselves referred back to the master list. Even when the promised “headhunter” units are provided, they are often no better than those on the initial list.
14. Students are coerced into using credit cards to pay Derek, promising they’ll recoup the money from the units. Instead, they’re left drowning in debt, with ruined credit scores and shattered dreams.
15. Derek is unreachable throughout the entire process. His assistant stops responding when confronted with complaints.
16. Victims additionally blocked from Derek’s Discord group when voicing concerns, preventing them from sharing their experiences.
17. When customers call out Derek for breaching their contract, they’re kicked out of his Discord group, blocked on social media them and email.
18. The only way to elicit a response from Derek is to publicly comment on his posts, which often angers him.
19. While Derek occasionally offers partial refunds, he fails to follow through, instead going on vacation and ignoring messages until publicly confronted again.
20. Derek employs various deceptive tactics to extract more money, alter terms, and push subpar deals, ultimately leaving victims without the promised units and in financial distress.
Evidence of Derek’s scams from victims of his scam
The extent of Derek’s scamming remains unknown, but it’s likely that he profits more from deceiving people than from legitimate Airbnb rentals.
It’s unclear if anyone, aside from Derek’s paid and fake profiles, receives what they’re promised, raising doubts about his capability to deliver.
If Derek Cheung genuinely possesses the skills to deliver, maintaining integrity in his business dealings would prove far more advantageous. Scams like his are unsustainable, inevitably leading to public exposure and outrage, as evidenced by the creation of websites dedicated to warning others about his deceitful practices.
Derek Cheung’s actions are illegal and unethical, and it’s not surprising if he faces multiple lawsuits in the near future.
If you’ve been a victim of Derek Cheung’s Scam we encourage you to share your story with us and share this website and social media account to spread awareness and warn others.
Site Title 