Golden Corral franchisee Sherrance Henderson, the disabled single mother who misplaced greater than $3M when her Pughkeepsie, NY franchise was terminated after simply 51 days, isn’t going away quietly. Right here’s the letter she sent immediately to the U.S. Senate committee on Banking, Housing & Urban Affairs.
(UnhappyFranchisee.Com) Sherrance Henderson claims to have been the one woman-of-color franchisee within the 600-store Golden Corral chain.
She also has the distinction of getting the shortest operating historical past in the chain’s history: Golden Corral terminated her franchise agreement and ordered he restaurant closed only 51 days after it opened.
With no restaurant revenue with which to repay her SBA loan of $three.7M, TD Bank enacted default proceedings and foreclosed on Sherrance Henderson’s $1.7M residence (which they resold for less than $1M).
It appears that the American Taxpayer may be on the hook for as much as $2.8M or extra for the guarantee made to TD Bank by way of the SBA loan program, in addition to the price of food stamps, Medicaid and other social providers the once-millionairess Henderson and her two autistic youngsters at the moment are eligible for.
So it appears that Golden Corral Methods, Inc., TD Bank, and the Golden-boy franchisee Niral Patel (who took apparently took possession of the Poughkeepsie franchise location with out paying Henderson a cent) made out like, say, bandits leaving a disabled mother destitute and the American Taxpayer probably on the hook for tens of millions.
Nicely, Golden Corral Techniques,
Golden Corral CEO Lance Trenary, Senior VP of Franchising Irwin Roberts, VP Richard Chase, Niral Patel, and Brian Misenheimer (formerly with TD Financial institution, now VP of Cooperative Financial institution) haven’t gotten away scot-free.
Sherrance Henderson does not seem to be someone who’s going away quietly.
Right here’s the Sherrance Henderson / Golden Corral letter sent immediately to the U.S. Senate Committee on Banking, Housing, and City Affairs.
Word: UnhappyFranchisee.Com didn’t help with or have prior information of Sherrance Henderson’s letter, although she included textual content from our e mail publication and hyperlinks to our website (Thanks, Ms. Henderson).
Neither Golden Corral Techniques, TD Bank nor their attorneys have responded to our request for remark, clarification or rebuttal as of this writing.
Notice #2: Ms. Henderson’s letter is posted precisely as acquired. Misspellings and typos additionally seem within the unique document we acquired. (Sherrance Henderson’s Golden Corral Grievance to the U.S. Senate)
6600 Sugarloaf Parkway, 400-343
Duluth, GA 30097
April 30, 2019
U.S. Senate Committee on Banking, Housing, and City Affairs
534 Dirksen Senate Office Constructing
Washington, D.C. 20510
Re: RECO+ ME TOO+ Racism+ Unethical Enterprise Practices= TD Financial institution and Golden Corral lawsuit filed by African American Feminine..$350 Million Dollars
Pricey Committee on Banking and City Affairs:
Please give ear to my plead. I’m desperate want of your assistance. I have been taken benefit, illegally mistreated by both TD(TD) Bank and Golden Corral(GC). I used to be merely set-up by these two originations. I’ve been set-up so Golden Corral and TD Bank might robed me simply. Now the American Tax Payer will foot the invoice. My Small Business Administration Protected mortgage was “ONLY” for the good thing about both TD and GC. Nevertheless, I paid the premium of $10,000 throughout my mortgage software course of. GC order me to use ONLY TD for my enterprise mortgage and GC said that I MUST apply for a SBA mortgage product. GC and TD moreover provided with numbers for my marketing strategy, mortgage software, and proforma so the “SBA” mortgage can be a positive shot. I assumed they have been helping me. That was furthest away from the reality. They..GC and TD had a wicket plan to steal from me. To take ever dime so I could not battle however I might merely die and be buried alive with my two youngsters.
TD has an extended of collaborating in many various win-falls varieties of illegal banking practices. Just like the 2nd largest Ponzi scheme within the World, TD was the cash launderer. TD hid the origins and protected Stanford Finical. Over a billion dollars went though complicated sequences to foster a pathway for Stanford Finical to steal money. No different bank accepted Stanford finical, yet TD did. TD has countless lawsuits from stealing peenies from a coin star counting machine to charging high interest rates to up selling banking merchandise unbeknownst to TD’s clients. It just exhibits that TD will steal pennies to billions. Not quantity is just too small to “steal.” I am not the one one and I am not the first but but TD keeps its banking license. GC has been training Racketeering for many years. Inside the franchisee food enterprise they (different food franchises) name it “churning.” Its simply usher in an unexperienced buyer of wealth, making them do all the exhausting leg -work of building a store, acquiring a workforce, and opening a business. Then the franchisor “takes” the business. They set it up to make it appear to be the enterprise owner doesn’t understand how to run the franchise. The franchisor sends in “fake” clients, know as secret consumers. These buyers then locations false stories on main shopper evaluation web sites like “Yelp.” These buyers will do something that has been requested. They’ll complain to managers at the retailer, help false complaints with the franchisor, cause fights on the location. No matter it takes to destroy the integrity of the store and its administration.
That is how the franchisor “devalues” the shop and thus begins growing roots to take over the shop for pennies on the dollar. This can be a simply an instance. Then the franchise has another proprietor of “another” location to turn into concerned with the “unexperienced” franchisee to be set up for a take over. The franchisees makes use of a gaggle strategy. This is what they did to me, Sherrance Henderson they ONLY ladies of shade franchisee proprietor out of 600 plus shops.
Please read the under. Please help. Please don’t ignore. Me and my household’s life depends upon your assist and the American Tax payer is relying on your help as properly.
I await your reply. Please be happy to call me instantly at 347-421-4451.
Sherrance Henderson’s letter to the Senate included this excerpt from a UF e mail publication:
|Golden Corral PR Nightmare: Disabled African American Mom Loses $3M in 51 days.|
|We contacted you as a result of you are a franchise professional with ties to Golden Corral & this story. We value your opinion and invite you to share it by means of a comment or e mail.|
It took Sherrance Henderson four years and $3 million to open her Poughkeepsie NY Golden Corral. It took Golden Corral Methods, Inc. simply 51 days to terminate her with no alternative to remedy her alleged defaults.
GOLDEN CORRAL Wealth-loss Weight loss plan: Franchisee Loses $3M in 51 Days
Sherrance Henderson is a partial paraplegic African American mother of two autistic youngsters who has lost her $2M financial savings account and her $1.75M home (foreclosed on by TD Bank).
She is on food stamps, making an attempt to increase cash on GoFundMe, and appearing as her personal lawyer in a lawsuit towards Golden Corral, TD Bank and others.
Query: Might Golden Corral corporate have created a worse potential PR disaster for the franchise program and the Golden Corral model?
GC: What have been you considering?
We invite you to share your opinion either by means of a comment on the location (nameless is ok) or by emailing (in confidence) to [email protected].
Please share your opinion and see what others say.
All responses and feedback are confidential. We are an unbiased dialogue website not affiliated with some other company or group, and never affiliated with Sherrance Henderson or Golden Corral.
Sherrance Henderson’s letter to the Senate additionally included the textual content of and a hyperlink to her GoFundMe marketing campaign:
Disabled Single Mom Seeks Help Preventing Injustice
It is a David v Goliath story of the fashionable age. A disabled single mother is taking over two major firms, in an effort to put right the wrongs they inflicted on her. Sherrance Henderson, a former Miss America, and Miss USA beauty pageant contestant is talking out concerning the corruption within two businesses, which has seen her unfastened over two million dollars.
Ms Henderson has named TD Bank, and Golden Corral as the companies, whose motion has lead to herself and her youngsters relying on meals banks and homeless. Have been it not for Ms.Hendersons mom, they might be out on the road – a far cry from the 2 million greenback house they resided in before the ill-fated involvement with the aforementioned corporations.
What has turn into a desperate and unjust state of affairs started when Ms Henderson went into enterprise with Golden Corral, by buying a license to open a franchise within the Newark, NJ area. Immediately after receiving the license cash from Ms.Henderson, Golden Corral started backtracking, changing the terms of the deal, and stating that Ms.Henderson might not open in Newark space.
She was as an alternative, pressured to open her franchise within the much less desirable and fewer worthwhile space of Poughkeepsie. Throughout the following months, Ms.Henderson was subjected to sexual harassment and intimidation by a company government at Golden Corral. In consequence, she was left feeling trapped, each in an area, she had not wished to open a enterprise in, and inside an organization by which she was being sexually and emotionally exploited. The enterprise subsequently closed after just 51 days, which is little surprise given the circumstances surrounding the opening.
It was following the closure of the enterprise, that Ms.Henderson faced TD Financial institution in courtroom, they pressured the sale of Ms.Hendersons residence by lying that Golden Corral didnt have a purchaser for the franchise, nevertheless, shortly after the judgment forcing the sale, Golden Corral emerged with a purchaser.
It’s with nice unhappiness that Ms.Henderson seeks help to get her day in courtroom. It’s important that the sexual exploitation, harassment, and mis-truths surrounding this case are exposed. It is just together with your help that this can be a risk, as Ms.Henderson has been left destitute by the corruption of the companies concerned. If you need to assist with please go to the go fund me web page at
For more info contact:
Identify: Sherrance Henderson
Handle: Metro Atlanta Space
Sherrance Henderson apparently copied quite a lot of governmental, commerce and media organizations on her letter, including: United States Federal Reserve , Rosie Rios, United States Treasurer , Securities and Trade Commission, American Affiliation of Franchisees and Dealers , American Franchise Affiliation, American Trade Fee (FTC), New York State Bar Association Franchise Regulation Committee, New York Lawyer Common Office Grievance with Investor Safety Bureau, New York Occasions, New York Every day News, New York Publish, and the Canada Business and Banking Information
MEDIA INQUIRIES: The Unhappy Franchisee (UF) website and writer Sean Kelly do not symbolize either Sherrance Henderson nor Golden Corral. Sean Kelly is a 30-year veteran of the franchise business and has revealed this web site for over 10 years. He is out there to writers and editors interested by overlaying this story.
INVITATION TO GOLDEN CORRAL, TD BANK & NAMED INDIVIDUALS: Corporations & people mentioned on this website have an open invitation to present clarifications, corrections, rebuttals and other expressions of their points-of-view. They will submit in the comment section under, or contact ADMIN by way of e mail at UnhappyFranchisee[at]Gmail.com.
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GOLDEN CORRAL Wealth-loss Food regimen: Franchisee Loses $3M in 51 Days
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