LearnFrame.com is Offers E-learning skills related to software and support.
Title
Learnframe e-Learning Management Systems
Description
“The universal connectivity of PLM and the simplicity it presents to the end user are the key reasons Rockwell chose PLM over other applications.”
This document is an abridgement of several documents from various investment groups that are investigating e-Learning and expecting it to be one of the next big things to be revolutionized by the Internet.
Controversy
During the latter half of 2001, Learnframe had run out of money and was unable to maintain uninterrupted medical benefits for its employees. However, employees could tune in on Saturdays to watch their benefits racing around a racetrack in the form of the Learnframe NASCAR Truck. Each week, payroll was delayed pending wire transfers from "investors." Then, on September 14, 2001, merely three days following the 9/11 attacks, the first round of layoffs hit their Nebo development team. Learnframe failed to pay the final pay checks as well as the severance that had been promised to the laid off employees.
As the next weeks progressed, Learnframe stopped paying its employees altogether. It is also alleged that Learnframe used employees' 401(k) contributions inappropriately. The Utah Department of Labor investigated Learnframe and ordered the company to pay at least minimum wage to their employees, which they did for two pay periods, after which they returned to their practice of not paying their employees.
As a direct result of the failed business acumen, shady dealings, lies, and financial misappropriation of Michael Memmott Sr., Ralph Mason, and LeGrand Price, many employees were plunged into financial ruin, with several employees going through embittered divorces.
Management Team
- Michael Memmott Sr., CEO
- Ralph Mason, President
- LeGrand Price, CFO
Contact
Administrative:
- Learnframe Inc.
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- Draper UT
- United States 84020-1409
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- (801) 523-8000
Registrant:
- Learnframe Inc.
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- Draper UT
- United States 84020-1409
Logos
Additional Information
Despite having fired nearly all employees in 2001, LearnFrame remains in business. They continued to seek funds from investors, who were given false information about a supposedly growing company that had guaranteed government contracts and was going to go public in the near term in 2002-3 with significant benefit for pre-public offering investors. The company now stays shrouded in secrecy, with their annual investors meeting repeatedly announced and then rescheduled every year. There is no investor revealed profit/loss statement. Recently, a group of former employees successfully recovered 401k holdings that had been used for company business, rather than invested for employee retirement. Learnframe filed a lawsuit against a competitor in 2006, alleging that former employees had stolen proprietary information.
