According to Yelp reviews, WFG caters to students fresh out of high school or college. That`s because they don`t have much real-world experience yet and are more easily impressed by people in suits driving luxury cars. Everything was fishy even back then; As far as I know, the business model was based on what I would call insurance substitutes; Call people and find out if they have whole life insurance policies. Then we persuaded them to pay for their policies, buy new term life insurance policies and invest the product of a lifetime in mutual funds, which I believe were essentially junk bonds in several tranches that formed the various offerings in the mutual fund line. Even at 21, without financial education or work experience, my BS detector went off loud and clear. I was also very disappointed to discover that the offices of the company, which had been described as a “big financial services company” (compared to real companies like Merrill Lynch or Charles Schwab, etc., well-known names), were located in a crazy two-story office building from the late 1960s next to a shopping mall. Total scam, they found my ad in the classifieds and told me they needed a software developer, then they threw a small party and beat around the bush for hours before trying to recruit me as a “member” and not as an “employee” with their standard fee among others bs, I also note that the system they have put in place, its “member/collaborator. It doesn`t matter” is completely vulnerable from a legal point of view because they are divided into departments that look like shell companies and all individuals are considered independent subsidiaries or third parties, so the organization does not assume responsibility. At the same time, they tried to sell me their “financial services and advice”, which seems to me to be financial common sense. The closer I stayed, the more they targeted me. They asked me about my life and so invented services that might interest me, services that they don`t even offer to get money from me.
The guy who interviewed me said everything to sign me up but didn`t want to appear weak, so he started putting me and ordinary people down as if he was the heir to the throne, and talked for over an hour about his greatness. He showed me his pay stub on his iPhone, which he had just found and written in the Notes app. I wasted as much time as I could before telling them it wasn`t for me. I meet them constantly because I have public Whois information and ads in classifieds. Our financial times are terrible and getting worse, and there are sharks everywhere. Be sure to talk to your kids about finances, Ponzi schemes, scams, scams. etc. They are alive and well. In Jewett v Capital One Bank (2003) 113 Cal.App.4th 805, 6 Cal.Rptr.3d 675 (Jewett), a financial institution was sued for investigations into credit cards allegedly constituting deceptive and unfair marketing practices. In quashing the defendant`s anti-SLAPP application, the court concluded “that the claims were designed solely for the purpose of commercial activity and that granting the protection of section 425.16 by touching on matters of general public interest would infringe the laws against unfair trade practices.” (Id. p.
815, 6 Cal.Rptr.3d 675.) It seems that most of most people`s comments repeat each other, which is human nature rather than the truth. The truth is that pyrimide “shemes” are illegal. This company could not function if it did something illegal. Second, since when are network marketing companies a scam? There are hundreds of network marketing companies and WFG is the distributor of Transamerica`s products. Third, many people`s retirement and financial future were secured by a WFG employee who trained and helped them. Many financial advisors charge hundreds of dollars just to go to their office to talk about your investments. Comments posted are one-sided by people who have only searched on one page and have not thoroughly researched the company. All I read was, “Crucify him!” If you want to be intellectually honest and have an element of humility, you should check out SteveSiebold`s book Unaurhorized. The truth about the World Financial Group. Then, post your comment. The defendant`s attempt to focus for the first time on the specific content of his speech in the appeal proceedings is also unsuccessful. The specific statements that identify the defendants come from the flyer and PowerPoint presentation that James and Jeff Crawford provided to WFG employees in order to lure those employees to HBW.
According to the respondent, the information contained in these documents “reflected ongoing public discussions about WFG, including criticism of its restrictive partnership agreements, the fact that recruitment is required for promotions, WFG`s assertion that it has associated customers, and the fact that WFG`s products are audited by the Financial Industry Regulatory Authority.” However, the respondents are unaware that these communications did not take place in the context of a public debate.
