Alright, here it goes:
Yesterday I returned home to do some research on a company called WFG for which I was working. I had spent my whole Saturday at a Leadership Summit Meeting at the Crown Plaza by San Francisco Airport, literally 12 hours!!!
Now, I did a lot of extensive research on World Financial Group, its founders, and companies like it and have to tell you right off the bat that this in fact is a scam.
The meeting that consisted of rants about having to "obsess" about recruiting people, making 10 calls before noon to family and friends to sell their extremely uncompompetitive loan and life insurance programs.
This meeting costs $50 if you fell for it early enough, but after the short cut-off margin of time, the meeting had cost $75 for a lot of people who went.
The motivational speaker boasted about his 7 figure income and how this is a business opportunity, just recruit your loved ones!
I responded to an ad on Craigslist.org (a great site otherwise), promising a NEW YEAR CAREER, and free training to become a loan officer. Boy, they really string you along.
The blow steam up your fanny at the interview, and ask you to come to a "Mozone", cheesy, hyped-up, schmooz, repetative, brainwashing meeting on a Tuesday night. It's weekly and it's madatory along with tons of other brainwash meeting that just go over the same ideals of self promotion through a multitude of new recruits.
They really do prey on people's gullability and turn you in to a zombie who is obsessed about spewing out sales pitches to all people who listen. The person who makes this their career is not making any more money than they could at a $5 an hour job and turns into an introvert.
I had to pay $100 for a background check.
They told me that human resources was going to send me a letter and then I had to go take a piss test. I've worked there for 2 weeks and I never got that letter. Wanna know why? Because there is no conventional HR department or else they'd be doing the hiring THEMSELVES.
In two weeks of them marching me into their office in slacks, a tucked in shirt and a tie on ( FOR CRYING OUT LOUD!!!) and being "trained" from only 9:30 to 11 or 12 noon, never did I once hear about their loans or their insurance rates, no quotes, no business talk. It's a crazy office. I wonder if the loan processors in those tiny offices along the hallway knoe about the breeding frenzy of lemming recruits in the meeting room down the corridor. I mean, the Seniors that recruited you must all have sold life insurance or loans a few times over to people close to them. They are asked for referrals.
They even will try to recruit your old employer on the initial reference call!!
They want to charge you $45 for a bogus certification called "mandated survey" course at learning.net
Any retard can pass that. It was 97 pages of material mostly on common sense ethical questions that are simply there to reinforce the company's crumbling facade of credibility. I passed with 97% correct, but you only need 70% so that the disadvantaged still can pass and recruit their family and friends.
I paid $7 for a "bible" of company procedure. It was the bible of the company, everyone needed to have one.
Thank god I got out before it's too late.
THe Marketing Directors at the company that answered my questions on how long they've worked there were between 3 and 6 years there, all eager to move up.
At the Leadership Summit, Bill Mitchell, a founder (who breezed past the part of the Company's history around 2001 where they underwent a corporate restructure), was a CEO of a highly embattled, often times sued company owned by Citigroup. He told everyone at the Meeting in that hotel that he came from a humble background earning $60k a year until he thought of this idea with the help of his buddy, the motivational speaker #2 and worked off of the side of his desk in a 2 room office.
Upon further research, he's scamming anyone who won't do their own research. Lord knows how much bs they feed each other about where they'll be if they only did this.
They showed us pictures of the Company villa in St.Martin and if you got 100,000 points you could go there. You get 2,000 points per loan.
It was the most tacky, unprofessional, unrehearsed, senseless seminar I've ever been to. And I've been to a lot of seminars.
Everyone who works there long enough must take themselves seriously enough to consider themselves a loan officer and must have engaged in conversation or browsing other competitior's ads and quotes and must at one point or another have realized that they were selling uncompetitive programs that any neighborhood bank can beat to their loved ones.
I read that after 30-45 days of you working there and being comfortably engrained, they cancel your ongoing loans. That leaves you looking for more and cuts you out of the deal. That client that you brought in will be contacted by your "mentor" or one of his affiliates and they will recommend to them a better loan from a better company. Guess what? Another dummy company operated by these Hubert Humphrey, Robert Do Quinn, Bill Mitchell pyramid scam people.
Anyways, please report your own experiences and stop anyone who isn't in too deep yet...if they are, they won't listen, because they got a friendly "community" at work.
I got no education, they knowingly made me wake up, dress up, pay them, waste my time and gas while acknowledging that I was in "survival mode" and they wanted to meet my fiance and go over the company with her. All BS!
WMA, WFG, Global One, Aegon, Universal Lending, ComUnity Lending, they're all around the copuntry, really have thousands and thousands of low-leverl, sipensible, unimportant little working ants, and THEY'RE COMING TO A TOWN NEAR YOU!! sorry, allowing you to give a competitors name would instigate others to just file against their competition, to only come back later to suggest their company your comments on this policy are welcome! CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
san jose, California
U.S.A. Click here to read other Rip Off Reports on WMA Securities