• Report: #336999

Complaint Review: World Financial Group

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Wed, June 04, 2008
  • Updated: Thu, July 21, 2011

  • Reported By:Mableton Georgia
World Financial Group
Paces Ferry Rd Nationwide U.S.A.

World Financial Group LEGAL PYRAMID SYSTEM...IN OTHER WORDS AND MLM ATLANTA GEORGIA

*General Comment: Be Aware ... "it's a PYRAMID SCHEME"

*UPDATE EX-employee responds: It's a Pyramid

*UPDATE Employee: Don't be fooled

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

WFG IS A MULTILEVEL MARKETING COMPANY...IF YOU DO NOT HAVE A RESERVE OF MONEY AND TIME TO LEARN THIS BUSINESS, ABOUT 99% WILL FAIL AND HAVE WAISTED TIME ON THIS SO CALLED VENTURE. I KNOW OF ONE PERSON IN THIS BUSINESS THATS SUCCESSFUL, HOWEVER, HE FIRST ENTERED WFG OVER 7 YEARS AGO WHEN IT WAS CALLED WORLD MARKETING ALLIANCE AND PAID HIS DUES AND HAS BECOME SUCCESSFUL...UNFORTUNATELY TIMES HAVE CHANGED AND MANY PEOPLE IN THIS ORGANIZATION ARE DROPPING LIKE FLIES. I RECENTLY INTERVIEWED A MARKETING DIRECTOR WHOM SHOULD BE MAKING IN EXCESS OF 10K PER MONTH FOR A JOB TO WORK WITH ME. (HE RESPONDED TO MY ADD, AND BY CHANCE HE WAS A QMD WITH WFG) BECAUSE OF THE EXPERIENCES AT WFG, IT WAS VERY DIFFICULT TO BUILD A RAPOR..THE GUY FLAT OUT DID NOT TRUST ME OR ANYBODY IN THE INSURANCE/FINANCIAL SERVICES INDUSTRY...HERE'S THE BOTTOM LINE.....EVEN MIDDLE MANAGEMENT IN THIS LEGAL PYRAMID SCHEME ARE NOT FINANCIALLY WHERE THEY SHOULD BE IN WFG...MY SUGGESTION TO EVERYONE IS TO GET OUT OR STOP WAISTING YOUR TIME...I WAISTED ONLY 2 MONTHS & $100 BUT I HAVE SOME LICENSES AND GREAT SKILL FOR RECRUITING... SO NOW APPLY IT WITHIN THE INDUSTRY...BY THE WAY I'M TALKING ABOUT THE WFG HEADQUARTERS!!!!! I LIVE IN ATLANTA AND MAN...YOU WOULD THINK AT THE HEADQUARTERS YOU WOULD BE MORE APT TO SUCCEED

John mandia
Mableton, Georgia
U.S.A.

This report was posted on Ripoff Report on 06/04/2008 08:28 AM and is a permanent record located here: http://www.ripoffreport.com/r/World-Financial-Group/nationwide/World-Financial-Group-LEGAL-PYRAMID-SYSTEMIN-OTHER-WORDS-AND-MLM-ATLANTA-GEORGIA-336999. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on World Financial Group

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 3Consumer 0Employee/Owner
Updates & Rebuttals

#1 General Comment

Be Aware ... "it's a PYRAMID SCHEME"

AUTHOR: Sheena - (U.S.A.)

If you go to the wonderful thing called the Internet and type in MLM you can find out tons of information about these type of companies (which World Financal Group is on the list of MLM companies). Furthermore, the FTC warns "Not all multilevel marketing plans are legitimate. Some are PYRAMID SCHEMES. It's best not to get involved in plans where money you make it based primarily on the number of distributors yhou recruit and your sales to them." .................. It goes on and on. Suggest that you do your research before getting involved with any type of MLM company, especially World Financial Group in a military area. This "company" focuses on military members who are either still active duty and/or got out of the military and/or are retired.

I had a co-worker try to get me involved with this company a few years back and I just laughed at him. He didn't "get it" .... that I/my family manage our financials just fine and don't need his supposedly "get rich quick" SCHEME.



BE AWARE:   If it sounds to good to be true it probably is.



Best of luck.

Respond to this report!
What's this?

#2 UPDATE EX-employee responds

It's a Pyramid

AUTHOR: Benefit of the doubt until you blow - (USA)

To the rebuttal that thinks this company is a great thing and it's only the one person who filed this report that had issues, I'm sorry but you're wrong. It is MLM. My husband signed up with this company as a way to change careers - someone he knew was doing it and signed him up. Really, you can't "join" the company without going under another "agent" - proof by the website (http://www.wfg-online.com/SSL_New/SellingBuilding/eSignup/phase2/recruiterid.asp?country=us) where the first thing you have to do after clicking JOIN is enter your RECRUITER's ID. That alone should tell you that it is MLM. 

If that isn't enough, I have more. 

My husband decided to go with this company, like I said, because he knew someone doing it. This person talked my husband into it. After signing up with the company and paying ~$100 (what employer makes you pay to work?), rather than anyone teaching him the ins and outs of insurance or how to sell insurance or really anything that had to do with insurance - he was given books and lessons on how to sell the WFG business plan and sign up new recruits. My husband wasn't licensed at the time, but we're in a state where you can get a temporary license without any classes so you can work until you can take the classes. Of course WFG didn't mention this, my husband learned this months later after he had his permanent license. My point is, the company can't use the excuse that they didn't put my husband in any position to actually provide services because of licensing. 

My husband says WFG did sign him up for his licensing class and he received a discount on the class by being with WFG - but I think the $100 he had to pay WFG cancels that discount out. 

WFG, needless to say, was a lost cause when it came to sustaining a viable income without many recruits underneath him, so my husband stopped participating.

Luckily, my husband did find an actual "real deal" insurance company, who trained him in insurance - how it works, the different plan options, how to sell it, etc. - and got him licensed in multiple states. At no point when he was there was he asked to find someone to bring in under him. 

Don't be fooled's comments about how maybe it's just not for you if it didn't work out for you and about how WFG is a spectucular company, etc. I guess are in some ways right. If you're not good at suckering your friends, it's not for you. 

My husband, after being at the one insurance company for about a year and wanting to spend more time with the family, decided to work on his own from home. He - on his own - makes more in a day than he did after a month at WFG. My point being that the industry is for my husband - WFG and their Ponzi scheme are not. 
Respond to this report!
What's this?

#3 UPDATE Employee

Don't be fooled

AUTHOR: dontbelieveeverythingyouread - (United States of America)

Interesting how your story goes something like; '...I had a friend...' to your personal experience.  This business model is not for everyone.  It is not for someone who cannot manage their time, people or maintain a positive outlook or follow a successful system.  Obviously it was not for you.  Having said that, what World Financial Group offers is the 'real deal'.  They give you the tools and training you need to be successful.  You have to put in the effort to be successful in YOUR business. The company holds true to the mission of 'no family left behind'.  I know because I was very skeptical at first and could have fallen in the category of people who failed.  I was saved from that by a marketing director who took the time to make sure I followed the system and now  my business is breaking out.  I am going to have the satisfaction of helping alot of people while making alot of money for my family.   I personally know of quite a few 'middle' managers making solid low to middle 6 figures a year.  This is NOT a 'pyramid scheme'. If you are reading this rip-off report, please don't believe everything you read.  This person obviously failed in his business as a WFG associate.  Don't blame the company or the system.  If you don't follow the system, if you cannot manage yourself, this business is not for you...Home Depot might be hiring!
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory