- Report: #977770
Report - Rebuttal - Arbitrate
Complaint Review: WMX Group Holding
WMX Group Holding10 Fairway Dr, Suite 302 Deerfield Beach, Florida United States of America
WMX Group Holding WMX, WMX Group Holding, Inc., Thomas Guerriero, Thomas Anthony Guerriero, WMXG:OTC, WMX Wealth Advisors Employment Scam, Job Scam, Pyramid Scheme, Fraudulent job postings, Unregistered broker/dealer, Boiler Room Deerfield Beach, Florida
*Author of original report: Correction - Chief of Staff, Diana Lovera
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I can only speak of my personal experience at WMX Group. I interviewed at the Yamato office on a Sunday afternoon with, what I was informed by a staff member, a group of about 90 recruits. A few days later I received a call from Mr. Thomas Anthony Guerriero congratulating me on receiving an offer followed by an official offer letter via email.
The following is an abstract:
WMX Group Holdings, Inc. (WMXG:OTCBB) is pleased to offer you a position within our world renowned WMX Executive Training Program as a Wealth Advisor with us. [continued below]....
In view of the fact that you do not possess a valid Certificate in Financial Planning, Series 7 & Series 66 Licenses, it is mandatory that you prepare for, and achieve success, in these examinations. You will receive this education and your certificate from the Cambridge Institute of Technology and will be added as the education-licensing component of your comprehensive training program at WMX. The cost is $1,500 and includes your examination fees and certification. Upon completion of the training program you will receive a bonus of $1,500 to offset your investment in your executive education.
To accept this job offer:
? Sign and date this offer letter where indicated below, then scan & email to firstname.lastname@example.org or fax to 617.812.6116.
? Licensing Course Payment: Kindly overnight a certified bank check or money order for $1,500 made payable to WMX Group Holdings, Inc. for your non-refundable registration fee into the Financial Planning Certificate Course (Inclusive of Series 7 & Series 66 Licensing), as discussed in your interview. Our mailing address is: 10 Fairway Drive, Suite 302 Deerfield Beach, Florida 33441
We at WMX hope that you will accept this offer and look forward to welcoming you on board. Should you have any questions or concerns, please feel free to call me directly 561-292-5730.
Thomas Anthony Guerriero Chairman & CEO WMX Group Holdings, Inc. (WMXG:OTCBB) www.wmxgroup.com
Upon starting at WMX Group, myself and 5 other new hires were greeted by a 30 minute staff meeting held by Mr. Guerriero where he went on a 5 minute rant chastising the staff for not working extra hours over the weekend. It was a terrible first impression and I started feeling that I made the wrong decision to fork over $1500 to work for this man. After the meeting, my assigned team leader instructed me to search all the free job sites to pull as many resumes as possible. My assignment was to cold call these people and book them to interview at WMX Group. I was informed I would receive $250 for each recruit I booked that came on board and paid the $1950 (new rate) licensing class fee. I was also required to work a minimum of 12 hour days 6 days per week.
I quickly realized I was working in a Boiler Room. There was never a real job nor real responsibilities. I was sold this job as a financial analyst or wealth advisor. In the week I spent at WMX I never witnessed any finance or advising happening other than Mr. Guerriero calling his wife every time a new recruit check arrived so she could go deposit it at the Bank of America down the block. The only thing I learned from Mr. Guerriero was that he owned the Springfield Armor, an NBA D league team; he was the youngest inductee ever into Marquis Whos Who in America; that he attended grad school at Harvard; was a professional soccer player; that he had had dinner with Hillary Clinton a few weeks prior; he had a custom-made Bentley; he owned a world-renowned educational institute; and he appeared in the major motion picture film Any Given Sunday. Mr. Guerriero could not stop talking about himself and never talked about finance.
When Mr. Guerriero disappeared from the office for 3 days for what he categorized as a money raising business trip, the staff started discovering the web lies Mr. Guerriero fed each and everyone of us. He had no Bentley, he rode to work on his 50cc scooter; WMX was never ISO certified; WMX was not registered to operate as a broker/dealer or an investment advisor firm; WMX was insolvent and was living recruit check to recruit check; there is no evidence Marquis Who's Who knows Mr. Guerriero exists; his educational institute is not certified or accredited anywhere on this planet; and that Mr. Guerriero never appeared in any movie per IMDBs uncredited search.
We also discovered the extent of Mr. Guerrieros previous sex scandal, lawsuits and payoffs. More distressing, we learned that Mr. Guerriero pulled this same exact job scam in New York City just 2 years earlier with his now defunct Guerriero Wealth Advisors organization.
I now know and understand that WMX Holding Group is just a scam. The evidence is undeniable. I asked the WMX Chief of Staff, Diana Rivera, for a refund of my licensing fee and she advised me absolutely NO REFUNDS! Its a front for a pyramid scheme to attract, recruit and take advantage of desperate job-seekers into swindling them out of $1950. I take responsibility for being naive and making the mistake of trusting Mr. Thomas Guerriero and I was deceived out of $1500. I just hope this and other victims' reports prevent others from making the same mistake I and dozens of other victims made.
My personal opinion is that Mr. Thomas Anthony Guerriero should be investigated for fraud. This job scam is so wrong on every ethical and moral level and certainly cant be legal. I hope justice is served and that Mr. Guerriero is put out of business for good so he can stop hurting so many people.
This report was posted on Ripoff Report on 12/04/2012 09:25 AM and is a permanent record located here: http://www.ripoffreport.com/r/WMX-Group-Holding/Deerfield-Beach-Florida-33441/WMX-Group-Holding-WMX-WMX-Group-Holding-Inc-Thomas-Guerriero-Thomas-Anthony-Guerriero-977770. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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