Please excuse some of the grammatical mistakes.  Quickly wrote the message to encourage everyone to look at the Opportunities, not the Distractions from those who don't understand the business.  And in any business, industry, or society, there will be BAD Apples / unscrupulous people.  Being educated about your business and building trust in the community will certainly gauranttee your success.  

My classmate and I finished USC nursing.  That person lost their RN license for Medicare fraud.  Fraud in the Healthcare Industry at all levels occurs, too.  Does that make the healthcare industry a SCAM?  

Today is a much more sophisticated and intelligent world.  It's a new era of change and transparency.  If agents or nurses participate with illegal activities, I hope they're prosecuted and ejected from the industry, too.  WFG is like any other organizaation.  Policies have been adapted to mitigate fraud in the company.

No organization is perfect, because people aren't perfect.  Providers, whether in the medical field or financial field aren't perfect.  Even customers and patients aren't perfect.  You're not living in an Utopian world.  Study the opportunities, look at the bigger picture, and take action to better change your life.  Whether you align yourself with WFG or not, but it's an equal opportunity to succeed.  The key word here is OPPORTUNITY, not succeed.  Success is not guaranteed.  That depends on you, your work ethics, morals, and vision.  Whatever you choose, find a good mentor / leader in your field and follow them.

That's Right.  When will these people learn that WFG is about having your OWN Business.  What you invest in it - will dictate the amount of fruit from your labor.  It's About WAGE  Vs  Profit.  It's your business.  Treat as such.  So many people don't understand that Corporate America is a SCAM.  They determine your hourly worth and give your an hourly wage.  Look at minimum wage...changed very little in last 30 years...  from $2.35 in '85 to about $8 now.  If you think having a RN license will lead you to a life of financial independence - you're still dreaming.  Many nurses work 2 - 3 jobs and still cannot achieve their financial dreams or security.  

Lets address the initial cost of investment in WFG or in any endeavor.  People all over the country spend Thousands of Dollars for college or trade school, only to find no jobs from that investment in TIME and Money....What's the difference?  WFG for only a minimal Start-up to invest in your Own future / budding company.

I spoke to a gentleman who opened a coffee franchise for $150,000 from his 25 years of state service / savings.  He had to close down the store only after four months.  No matter how much small minds complain about loosing a measly $100 or $400, it pales in comparison to the large number of small businesses that invest so much more time and money every year.  

So, for all the complaints about financial losses, look at your own life and track your daily loses.  Earnings eaten away by taxes, purchases eaten away by taxes, buying homes or cars are eaten away by taxes, losses in values, mortgage fees, interest fees, etc.

Look at the bigger picture - how much time have you wasted to today?  How much money have you wasted this month?  etc.   OPEN your minds people.

Guys, just do 3-3-30 and 5-5-30. Wooosh!

I was just contacted by Wolf Financial at the same Brea, CA address. Are they the same as World Financial or an offshoot in some way?

Any company that wants you to give them money when you interview with them is a SCAM!! plain and simple!!

Do you have some info on this number?

I definitely agree with you. I am glad somebody is stepping up to defend Marlyn Fularon. She was just a victim of circumstances. I admire her as well as Penney Ooi and Judith Hsiao. They are the Great Leaders of WMA.

Chito Roxas became successful because of Marlyn Fularon, now she is gone, Chito Roxas business went down, big time.

FYI. Marlyn Fularon never joined WLG.

As far as I know, WFG is not a scam. Some of your posts are not true, like about Marlyn Fularon. I've known her since 1993 when she started at WMA. She is a hard working and decent person. The allegations against her are not true. She did not disappear with the commission. She has remained a resident of the Bay Area as a real estate agent where she's had her image, name, and phone number advertised. The information provided below is a biased opinion from someone who is not aware of all the facts. I recommend that you check with the Department of Real Estate and Insurance which proves Marlyn Fularon's license is still in tact.

What's it like having such a lousy excuse for a "job" that you have to go on sites like this and insist "it's not a SCAM"? Fact is, almost nobody has a job like yours, because it would make most of us physically sick to have to defend this kind of thing. You know, we don't see representatives of legitimate companies having to come on here and claim they're not a scam. Pretty much only the scammers seem to have to do that.

You must be a really strong person to be able to perform a job that would make most people sick, to be able to shut your conscience almost completely down to make a "living". Thank God such a select few like you are condemned to this kind of work, because most of the rest of us would never be able to handle it.

You are truly an amazing person!

This is not a scam. World Financial Group is a financial services company headquartered in GA. We help families and business understand how money can be used to secure their retirement and for business to reduce their taxes. Unfortunately, this business isn't for everyone. This is for people who want to be in charge of their lives and not be dependent on a job where someone can lay them off at anytime.
I attend job fairs so that I can approach those looking for a career. It's strange how people be so negative on something they know nothing about and instead of finding out the facts they spread untruths. There are thousands of WFG associates helping families and businesses and are very successful.

une 2002 GPH announced withdrawn of $100 millions IPO due to "unfavorable market conditions". ?May 2002 NASD fined WMA $200,000 for violation of unapproved advertisements and sales literature rules. www.WMAS.com was completely shut down! http://www.nasdr.com/pdf-text/0206dis.pdf ?April 2002 xWMA founder, Hubert Humphrey started "World Leadership Group", WLG for new scheme. ?http://www.WLGWeb.com ?April 2002 WMA Securities, Inc. (WMAS) was ?sold? to World Group Securities, Inc., (broker for World Financial Group, WFG) a subsidiary of AEGON Asset Management Services, Inc. ?March 12, 2002 GPH named Edward F. McKernan as CEO. He was a Senior Manager in the Life Actuarial Consulting Practice of KPMG LLP, an auditing company for WMA and GPH. ?March 1, 2002 Jennifer and Matthew Fletcher, WMA/WFG EMD, are accused of murder in the 1998 death of her former husband, Joel Shanbrom in CA. ?http://www.xwma.org/mattfletcher.html ?February 2002 GPH filed for $114,000,000 common stock IPO. http://www.sec.gov/Archives/edgar/data/947716 ... 8/g74145s-1.txt ?Early 2002 NMD Tam Luong was forced to give up all his downlines, mostly in Southern California, including FVC John Pham, CEO MD David Pham, CEO MD June De La Cruz, SMD William Jacinto, SMD Tony Carungay, EMD John Cordero, CEO MD Sunny Leung. SVC Xuan Nguyen has long been fighting with Tam Luong for "not helping enough" to his downlines or "participate" in the business.
Year 2001 ?December 28, 2001 Founder Hubert Humphrey resigned as CEO and Chairman from WMA. ?Year 2001 Charles R. Miller et al v. WMA Securities, Inc., 2nd Class Action Lawsuit filed in Texas. ?http://www.xwma.org/classaction2.html ?October 22, 2001 Law firm Wolf Haldenstein Announces Class Action Lawsuit Against WMA Securities, Inc. ?http://www.xwma.org/classaction.html ?September 27, 2001 WMA Corporation changed to Global Preferred Holdings, Inc., get ready for IPO in February 2002 with a new name. ?August 2001 www.xwma.org was permanently secured and served all xWMA/xWFG, and World Leadership Group agents and victims. ?July 28, 2001 Computer virus sent by WMA agents to xWMA agents emails. ?June 26, 2001 SEC fined WMA agent, Jeffrey A. DeVille from Clearwater, Florida for fraudulent bank debenture trading program of over $1,000,000 of unregistered securities in "Private Pool". ?http://www.sec.gov/litigation/admin/34-44474.htm ?June 29, 2001 SEC Sentenced Terry Koontz and others, WMA Agents to Prison. ?http://www.sec.gov/news/digest/06-29.txt ?January 24, 2001 www.xwma.tripod.com site was first launched in Tripod.com. Due to the complaint from WMA, it was shut down after 30 days.
Year 2000 ?Duluth Office Intimidation (Whipsuit) (disconnected) ?NASD Disclosure Report ?WMA Reports filed to SEC ?September 28, 2000 SEC fined WMA agents for selling fictitious prime bank instruments in a $19 million offering fraud. ?http://www.sec.gov/litigation/litreleases/lr16736.htm ?October 30, 2000 Nevada Secretary of State Settles Action against WMA Securities for more than $1,080,000 in restitution. http://sos.state.nv.us/securities/press/10300.htm ?August 2000 NASD fines WMA Securities, Inc. $125,000 for failure to report nearly 900 customer complaints. ?http://www.nasdaqnews.com/news/pr2000/ne_section00_185.html ?August 2000 NMD Becky Chen was forced to resign from WMA by his upline CEO MD David Pham. In the following two months, more than 40 licensed agents under Becky Chen resigned from WMA. Since then, David Pham and his brother John Pham have lost more than 50% of their business. ?July 2000 Kevin Palmer, VP, Chief Compliance Officer, required all licensed agents, 1 sale every 6 months, $5000/year minimum personal commission, not including override. No more $750 training reimbursement. Unlike before, no trainee allowed pushing for the sale. ?June 30, 2000 Two Couples Allege Deceptive Sales Practices by WRL. ?http://www.findarticles.com/m4PRN/2000_June_30/63065887/p1/article.jhtml ?June 14, 2000 Prudential and AEGON USA sued over deceptive annuity sales pitches. ?http://www.insure.com/annuity/prudentialaegon600.html ?June 2000 Hubert Humphrey held mandatory and confidential ?Leadership Session and Compliance Meeting? with all Senior Marketing Directors and up in Las Vegas. This was an emergency meeting to battle the widespread of investigations and bad publicity of WMA. ?May 10, 2000 California Department of Corporation filed ?Cease and Desist? Order against WMA. ?http://appellatecases.courtinfo.ca.gov/search ... t=1&doc_id=4316 ?May 2000 WMA Compliance Department notified all agents to discard the selling brochures, "The Revolution Brochure" and "The Crusade" Brochure. WMA is known to use unapproved sales literatures to recruit and sales. ?May 2000 MONEY Magazine issues article, "Hubert Humphrey wants to sell Middle America loads of gimmicky, high-cost investments through an army of part-time brokers." www.xwma.org/money.html ?April 4, 2000 State of Arizona has fined WMA $1.9 million for improper supervising activities by the licensed agents. It only represents 50 clients filing lawsuits against the company. There are still another 190 clients pending lawsuits against WMA Securities, Inc. Arizona Securities Commission News Release April 4, 2000 ?March 7, 2000 WMA lost the case in Montana State Labor Department in ?Independent Contractor? lawsuit by former agent in $5,500 wage claim. http://www.investmentnews.com/story1.shtm ?January 17, 2000 ?Investment News--SEC Probe Targets WMA--Jan. 17, 2000 ?Early 2000 First CEO MD/Field Vice Chairman, Dean Nguyen, resigned from WMA for "personal reasons". Dean Nguyen and his team had been working closely with Hubert Humphrey in the internet business plan. ?Year 2000 State of Florida also investigated WMA agents' "Selling Away" compliant. ?Year 2000 State of Massachusetts investigates WMA regarding ?selling away?. 15 clients bought promissory notes from WMA agents and lost ? millions dollars. WMA promised to reimburse and returned money to clients. WMA also put additional funds for future escrow in case future victims might come up. ?Year 2000 State of Missouri investigated WMA recruiting system.
Year 1999 ?December 9, 1999 WMA agent, Ping Wang from San Jose was reported missing and found death. ?http://www.metroactive.com/papers/metro/01.20.00/wang-0003.html ?November 24, 1999 SEC in Fort Worth, Texas Sentenced WMA agents to prison for $16.5 million of fraud. ?http://www.xwma.org/secsentence.html ?July 2, 1999 Ohio Division of Securities filed Cease & Desist Order against WMA. ?Ohio Division of Securities--Cease & Desist Order July 2, 1999
Ohio Division of Securities--Cease & Desist Order July 8, 1999
Ohio Division of Securities--Cease & Desist Order August 25, 1999
Ohio Division of Securities--Cease & Desist Order Sept. 7, 1999
Ohio Division of Securities--Final Orders Sept. 1999 ?Ohio Division of Securities--Cease & Desist Order December 28, 1999 ?July 1999 Investment News article, "Stock Cops Turn Eyes on Amway-Style Brokerage: Five Years Old, It Already Has 9000 Small-Town Reps." ?February 26, 1999 ?CA University Credit Card Fraud (Use WMA Name) Feb., 26, 1999 ?Year 1999 A private placement 4,333,333 shares of common stock to institutional investors ($10 million) was not successful by WMA.
Early 1999 CEO MD Joe (Tuan) Trieu, under FVC John Pham and CEO MD David Pham, from Anaheim, CA was demoted twice and finally forced out of business. Joe Trieu was one of the MD wrote many fraudulent VUL applications for CEO promotion under the direction of his upline John and David Pham. John and David Pham are still in business as usual. Most of Joe Trieu's business was transferred to his former wife, Linh Truong.
Year 1998 ?November 24, 1998 Arizona Corporation Commission ordered WMA Securities, Inc. to pay $2,000,000 for not properly supervising their sales agents. ?Arizona Corporation Commission Oders WMA to pay $2,000,000, Nov. 24, 1998 ?Sept. 17, 1998 SEC fined WMA for $19 million fictitious prime bank instruments fraud. http://www.sec.gov/litigation/litrelease/lr16736.htm ?September 1998 The newly promoted (June 1998) CEO Marketing Director?Katherine Wang was demoted to regular MD because the NASD in Northern California has found illegally signing of variable universal life application by clients. Miss Katherine Wang is under another CEO--MD--Miss Penney Ooi (agent #9653T) in Santa Claria office. Also, the Senior Vice Chairman--Xuan Nguyen has been fined for improper supervising his people. ?January 16, 1998 ARIZONA CORPORATION COMMISSION CRACKING DOWN ON UNAUTHORIZED SALE OF SECURITIES PRODUCTS by WMA agent. ?http:://www.cc.state.az.us/news/PR01-16.htm
Year 1997 ?July 1997 WMA Agent--Marlyn Fularon (agent #2253T) wrote illegal and fraudulent VUL applications, some even with fake names, SS# and addresses. She got hundreds of thousands of dollars in advance commissions and disappeared. Her upline CEO MD--Chito Roxas (agent #1228W) was charged back for her advance commission. Later, Marlyn Fularon was fined $25,000 and was suspended for 2 years in 2000.
Year 1996 ?November 1996 WMA NMD, Janice Lo disappeared after late WMA meeting in San Gabriel, CA. No one in WMA is cooperating with the local police for the case. ?http://www.xwma.org/janicelo.html ?From Late 1996 to Late 1998 CEO MD Club scam started by Senior Vice Chairman, Xuan Nguyen. Agents wrote illegal VUL applications to reach required promotional points for CEO MD level. Illegal VUL applications include forged applications, unsuitable VUL policies, non-licensed agents sales and illegal reimbursements, etc...... ?June 1995 $20,000,000 common stocks and $500,000 warrants of WMA Corporation were issued to its agents. All high level MDs were pushing the stocks to their downline agents spectacle for quick profits as it did for Primerica. ?February 1993 Partner with WRL and AEGON selling VUL. ?November 1991 Founded by Hubert Humphrey, formerly with Primerica.
Message Boards and Related Sites: ?Cam Web--Financial Investments Forum Bulletin Board ?Rip-Off Report about WMA ?Xuviet WMA Message Board ?Primerica Message Board ?Equitable Agent Site ?Fight Back with David Horowitz ?Clownballz WMA Site ?Pyramid Scheme Alert ?NASD Directive 99-35 on Annuities
American Skandia Annuity Bonus Regulatory Alert
CFR(Code of Federal Regulations) 436
Consumer Federation of America--Life Insurance Evaluation Service
CULTS: Public Perceptions vs Research
Investment News Articles ?At the bottom, under ARCHIVES, enter keyword: WMA, and click SEARCH. ?WMA/World Financial Group Message Board ?(Inactive since end of Sept. 2001) ?WMA/WFG/WLG Related Sites: ?World Financial Group ?WFG Operation Site ?WMA Securities, Inc. (Shut Down by NASD)) ?World Leadership Group (New Company by Former WMA Founder--Hubert Humphrey) ?Dotplanet (shut down their own message boards because thousands of people were posting the TRUTH about WMA SCAM each day) ?AEGON ?Zillionaire.com (Disconnected)
Agencies you can file complaints:
NASD
SEC
Arizona Department of Insurance ?Arizona Corporation Commission Securities Division ?California Department of Insurance
California Department of Corporation, Securities Regulation Division
California Attorney General Office ?Florida Department of Banking and Finance ?Georgia Securities and Business Division
Illinois Office of the Secretary of State, Securities Department
Missouri Office of the Secretary of State, Securities Division
Montana Office of the State Auditor, Securities Division
New York Department of Insurance
Nevada Secretary of State, Securities Division
Ohio Department of Commerce, Division of Securities
Ohio Insurance Department ?Oregon Department of Insurance ?Texas State Securities Board
Texas Department of Insurance
Washington Department of Financial Institutions
Alberta Securities Commission ?British Columbia Securities Commission

203-769-2229--Area Code 203--is located in Connecticut. This number is a cellphone not a land line. Its point of origin is Waterbury, Connecticut located in Newhaven County.

714-924-3756--Area Code 714--is located in California. This number is a landline not a cell phone. Its point of origin is Placentia, California located in Orange County.

World Financial Group (WFG)/World Leadership Group (WLG)/World Marketing Alliance (WMA)

06-10-2008, 05:55 PM
Dont Be Scammed  
Marianne
    
Join Date: Jun 2008
Posts: 3

World Financial Group - Avoid Them Like The Plague
Listen, do not go to any WFG location. If you are offered an 'interview'. They will butter you up, tell how wonderful you are and how they want you to 'work' for them. In the end you will be paying for the background check, classes, books,etc. With no promise of a paying position. They will ask for family and friends telephone numbers in hopes of selling them their products. You will only lose the respect of your friends and family.

If you do decide to take on their position as 'New Associate', then be forewarned. I got out before it was too late.

California
U.S.A.

http://www.scam.com/showthread.php?t=7359

TheWholeTruth  
Senior Member
    
Join Date: Oct 2006
Posts: 207

Re: Any one heard of World Financial Group?
Quote:
Originally Posted by Steve203
...........WFG is a scam and a joke, and I have decided to make it my personal goal to make sure that anyone I come in contact with does not do business with them.
I usually only post on "American Income Life Is A Scam" as I have personal experience with that MLM company; however, it looks like World Financial is very similar, so I'm passing along some information that I hope you'll find helpful..........


http://www.quatloos.com/mlm/mlm.htm

MLM: Once Legitimate, Now a Scam

Once upon a time, multi-level marketing was a legitimate business which provided a way for small companies to get their unique products to consumers in small towns and rural areas which had no access to these products. At this time, the products sold themselves, and the multi-level aspect was a way of giving a small reward to those who had worked hard to build the organization. But the focus was always on the product.

Today, and especially with the growth of the internet, it is possible for consumer to get about whatever they want at competitive prices. There is simply no real need for distribution "systems" as there once was, and indeed the focus of all the programs is not on the products they sell -- which are usually either bogus or are available somewhere else to the public at the same or lesser prices. Instead, the focus now is solely on recruiting new people????with the idea that those people will recruit additional people who will also buy into the program???.

Thus, today just about ALL of the multi-level marketing programs are scams. In today's internet economy, there is simply no need for multi-level marketing or the overpriced products that they sell -- meaning that the only thing they are selling are memberships in anticipation that future memberships will be sold in the future, which is the classic definition of a pyramid scheme, and thus securities fraud????..

The Drop Out Rate

The "Drop Out Rate" of MLM programs is enormous -- 98% will drop out immediately, meaning that only 2% will continue with the program over any long period of time. The Promoters will tell this 2% that they are the "successful" ones -- what this means is that they have become "successful" scamming other people (who will probably spend their money and then drop out, possibly a big personal loss to them but a profit to the Promoters).

The Promoters know the Drop Out Rate, and know that by far most people will buy in, but then never sell anything and quit, which is one of the reasons why MLM programs are criminal schemes.

The Promoters also tell those who stay in that they are the "well-motivated and lucky ones". This is 100% false. The people who never sold anything and dropped out are the lucky ones, since they will not be liable for securities fraud or any of the related criminal penalties that goes with promoting somebody else into the program. It is the people who stay in the program who are risking some prison time and a felony conviction for selling an unregistered security.


On the "American Income Life Is A Scam" thread, we've also been discussing how similar MLM companies are to cults. I'd be interested to know your opinion once you've read it, seeing as you've had firsthand experience with an MLM. Do you think the same points about cults apply to this company?

World Financial Group
3350 East Birch Street
Suite 200
Brea, Ca 92821

While at a job fair called Hire Live located in Orange County, I met a woman at the front of the Hotel where the fair was being held. She claimed to be working for a Marketing company hiring for middle management positions. Then she asked for my resume, that night the same lady named Mary Cacosa called and left a message on my voice mail stating, "My manager and I looked over your resume and we were impressed with your resume and your career accomplishments. We like to offer you a chance for an interview If you could call me back at 203-768-2229." I then checked the receipt of the message and a different number came up (714-924-3756).

The following day I returned her call she claimed to be working for a Marketing company called World Financial group and hiring for middle management positions. Again, her name is Mary Cacosa and she wanted me to return her call at 203-768-2229 originally she called from 714-924-3756. The address she gave me is 3350 E. Birch Street Suite 200 Brea, Ca 92821. The time that we set the interview time for next week--Monday the 17th at 1 p.m. I kept trying to ask more questions but the lady said to write any questions that I have and we'll go over them with you. She also wanted me to bring three references with me and to dress in appropriate business attire.

Thank you to all of you, for posting your past experiences with this cruel scheme targeting eager job seekers. For those of you who have not viewed the other postings both male and female cons have used different names and phone number's--this company is only interested in collecting $100 to supposably run a background check on you.  T

P.S. The job fair I attended is legit companies who are actually renting booths and interviewing candidates seeking management positions for reputable companies. The lady I met was not at a booth located inside the hotel--she was outside the building wearing a business suit and walked up to me as I was about to enter the hotel. When I had asked her for a business card she reply that she had already handed all of them out.