Eddy Alexandre, 50, of Valley Stream, N.Y., is the CEO of EminiFX, a cryptocurrency and forex trading platform. We at EducationDynamics believe you should make decisions about your education with confidence. At MLMs, there are benefits to recruiting new members, such as earning a commission of their sales. News and analysis for the professional investor. The information on this page is for informational and research purposes only and is not an assurance of financial aid. Also, why would I think a college kid knows anything about anything? Pyramid schemes Legal and functional differences aside, the logo on their business card intrigued us because we had gotten a similar business card with that logo from an uber driver just the semester before. WFG will spend whatever time you need with them. WFG Headquarters: 11315 Johns Creek Parkway, Johns Creek, GA 30097-1517. Scan this QR code to download the app now. All information on this website is published in good faith and for general information purposes only. people should have the opportunity to explain their position should they not? National Agents Alliance "pyramid scheme" Reviews | Glassdoor National Agents Alliance Is this your company? Weve witnessed it. Michael Jordan! Many affinity scams involve "Ponzi" or pyramid schemes, where new investor money is used to make payments to earlier investors to give the false illusion that the investment is successful. One last thing, a recruiter CAN supersede its recruiter. This all while collecting a huge commission on the transaction. This was a landmark case by the FTC and set the precedent of determining what kind of structure is considered a pyramid scheme and what is considered a legitimate MLM company. But of course, you dont recognize that (because youre either biased, uninformed, uneducated or just an idiot?)? By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. In 2019, supplement MLM company AdvoCare agreed to pay $150 million to settle charges from the FTC that it had operated as an illegal pyramid scheme. Training programs are another way WFG tries to give off the image of legitimacy. However, the FTC did force the company to make certain changes. If your considering doing this business, at least go sit down with a wfg agent and see the business for yourself. Thanks! Dont listen to people posting free advice on the internet like this article. Indexed universal life insurance policies are the most complex and expensive policies brokers sell, which means they pay the highest commission.