The Beauty Supply Company bankrupted many entrepreneurs in Atlanta

Complaints are mounting in regards to the Beauty Supply Institute (BSI) claiming to assist Black individuals with entrepreneurship, which has bankrupted many business owners in Atlanta.

According to the corporate he encouraged aspirations Black entrepreneurs will own beauty supply stores. BSI has provided books, videos and conferences to allow you to on this work trip. Participants signed a service agreement, paying for BSI resources, giving them access to assist constructing their business from scratch.

Contract owners were to receive guidance from BSI regarding store operations and product sourcing. Instead, they claim they received inconsistent and poor help. Pauline McLaurin signed with BSI three years ago, but she feels lost in the enterprise.

“You know, I was looking for mentorship, a way that would open doors for me to acquire products and develop relationships with suppliers,” McLaurin told the news outlet. They make it look like they need you to stand up. But now I’m in a much worse situation than after I first met them (BSI).”

McLaurin says she did many of the work, including finding an area to rent. Although it accomplished this task 10 months ago, BSI has not yet provided the products mandatory to begin the business. Meanwhile, McLaurin needed to take two jobs to cover outstanding costs.

Many others have similar stories to McLaurin, equivalent to a number of the signatories in Maryland government-mandated refund from BSI. The state also ordered the corporate to stop operations as a consequence of its apparently fraudulent activities.

However, metro Atlanta businesses have yet to receive justice for BSI’s alleged deceptive practices. The Georgia Attorney General’s Office confirmed that an investigation into BSI is ongoing.

BSI founder Devin Robinson spoke to reporters in regards to the ongoing allegations. He believes that his company is just not the just one responsible. He said supplier delays and overwhelming demand had hampered its growth.

“We had to implement new technology. We just had to do certain things to be able to cope with a certain scale. So our schedule becomes an issue,” Robinson explained.

BSI also issued an announcement on the growing concerns. However, it has yet to compensate many Atlanta customers for lost funds.

“We are proud of our 20 years of success as pioneers in this industry, opening over 200 successful stores. While we have recently faced challenges that we must overcome that have negatively impacted a handful of our hundreds of customers, we have been able to implement new technologies that have allowed us to properly address the challenges and position ourselves for continued success,” the corporate wrote. “This company was born out of a need and desire to support people in our communities to become beauty entrepreneurs. Our focus has always been on getting our customers there on store opening day, even in difficult times.”

According to its website, BSI does still taking meetings for potential clients, indicating that operations haven’t been suspended.