- Report: #1045255
Report - Rebuttal - Arbitrate
Complaint Review: World Venture
World VentureCanton, Ohio United States of America
World Venture deceptive sales practices pyramid scheme Canton, Ohio
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It sounded like a multi-level marketing fraud so I checked it out online. I discovered that less than 0.01% of those who join actually make more money than they put into it. That is, 99.99% of members lose money and have nothing to show for it. A few successful members are touted as models. They are the ones who reap the money contributed by the other members. But a review of the companies financial information shows that it works like this. Say 100 people join and pay $200 plus $26 a month for a year, that is $50,000. Of that, one person is paid $25,000 and $25,000 goes to the founders and the company expenses. The other 99 members lose $500 to $600 a year and cannot quit. The company does not respond to email of phone calls. To promote the company, the one that got the $25,000 brags to all the others about how great of a sales person they are and how if you work hard, you can get a free BMW (lease) and make a lot of money too.
Worse yet, the product they sell, vacations that cost $200 per person per night, are more expensive by about 50% than what you could find on your own on the internet.
In fact World Ventures is all a lie. The company, like Scientology, is a cult set up to enrich a couple founders in Plano, Texas. By the way, they have both already been convicted of tax fraud and have multiple law suits pending against them for ripping off people.
This report was posted on Ripoff Report on 04/22/2013 12:57 PM and is a permanent record located here: http://www.ripoffreport.com/r/World-Venture/Canton-Ohio-/World-Venture-deceptive-sales-practices-pyramid-scheme-Canton-Ohio-1045255. 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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