Thursday, May 30, 2013

BREAKING NEWS: Norway announced WorldVentures is under investigation as possible pyramid scheme

The "Norway Gaming Board" government regulatory agency has issued a press release that stated that World Ventures, a "travel MLM", is suspected of being a pyramid scheme, and has issued request of information from the company regarding the member vs. affiliate ratio in order to determine its fate in Norway. The company has until June 4th to respond.

Those who track suspect schemes may recall that World Ventures is essentially a clone of the now defunct "TVI Express" scam out of India. TVI, or "Travel Ventures International", had travelled (no pun intended) all over the world, but has essentially unravelled when its head, Tarun Trikha was taken into custody earlier in India.

https://lottstift.no/lotteritilsynet/2013/05/30/lotteritilsynet-vurderer-mogleg-pyramide/  (in Norwegian)
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7 comments:

  1. AnonymousFebruary 20, 2014 at 10:47 AM

    so what happened? did they ban them in norway?

    ReplyDelete
    Replies
    1. GuyReviewsFebruary 20, 2014 at 11:31 PM

      No word on that.

      Swedes have filed a report, but no word on them either.

      http://behindmlm.com/companies/world-ventures/swedish-gaming-board-file-world-ventures-report/

      Delete
    2. MichaelFebruary 24, 2014 at 1:28 AM

      Thanks Kasey

      In my opinion, although most, if not all countries were wv operates have communicated through officials that it is a scam and a pyramid scheme, none have moved forward to closing them down because of legal loopholes.

      The product (in this case travel) is used solely to distinguish the scheme from a pyramid which is described by law as a scheme were members earn money solely by subscribing other members to the scheme without the sale of any product.

      And so, until legislation is amended, there is nothing authorities can do.

      Also I have heard stories about the entirety of policed departments and army officers being members, as well as public servants, it would be very difficult to get rid of them. We'll just have to wait until it collapses, existing countries of operation are already saturated, and their only way of keeping the pyramid going is if they move on to new countries.

      Delete
    3. GuyReviewsFebruary 25, 2014 at 1:47 AM

      Guess what, WorldVentures *is* a pyramid scheme. :)

      http://behindmlm.com/companies/world-ventures/world-ventures-a-pyramid-scheme-in-norway/

      Delete
    4. MichaelFebruary 25, 2014 at 8:26 AM

      WorldVentures is stamped as a Pyramid in Norway and been asked to close down within 2 weeks from today.

      english

      http://www.businessforhome.org/2014/02/worldventures-closed-down-in-norway-as-pyramid-game/

      norwegian

      https://lottstift.no/blog/2014/02/24/lotteritilsynet-vil-stoppe-ulovleg-pyramide/

      Delete
    5. GuyReviewsFebruary 25, 2014 at 1:32 PM

      Apparently an appeal had been filed.

      Delete
  2. AnonymousApril 9, 2014 at 1:35 PM

    Many WorldVentures reps have been comparing the company to Herbalife when they are trying to convince people that they are not a pyramid scheme. They say they are in the same category.
    Well...Surprise!!! HerbalLife is now in HUGE trouble and being investigated as a pyramid scheme by the Federal Trade Commission.
    http://www.npr.org/2014/03/12/289594981/ftc-investigates-herbalife-following-claims-its-a-pyramid-scheme
    http://www.herbalifepyramidscheme.com/
    If WorldVentures has been telling reps to says it's like HerbaLife, what does that say about WorldVentures?

    To those who are reading this, and who may be contemplating whether to join WorldVentures or not....
    BEFORE YOU JOIN WORLDVENTURES...PLEASE LOOK AT THIS INFORMATION:
    1) Click here to see how MLM companies like WorldVentures may possibly deceive you and entice you. How many of these "statements/claims" were used on you by a WorldVentures rep???
    http://www.mlmwatch.org/01General/misrepresentations.html

    2) EXCELLENT VIDEO! This video EXPOSES mlm and network companies... and what they do to manipulate people.
    https://www.youtube.com/watch?v=_QtH07n-Lns
    Ask yourself or your recruiter....Does WorldVentures do any of these things???

    3) This is a FUNNY - BUT SAD MOVIE about MLM & Networking Marketing. This movie is full of laughs,but also shows how deceptive and manipulative the mlm business can be. If you have ever been at a WorldVentures presentation or approached by a rep about the DreamTrips vacation membership, you will thoroughly enjoy this!!!

    The MLM parody/mockumentary/comedy is called "BELIEVE". It's very entertaining and is a must-see for anyone thinking on getting involved in WorldVentures.
    This is the trailer so you can get a little taste.
    http://www.youtube.com/watch?v=JgWNNJSlrx8

    FULL MOVIE:
    You can watch the movie for FREE on Hulu…and get ready to laugh (and cry because it shows how desperate people are taken advantage of by greedy MLM snakes).
    Here is the Free movie link:
    http://www.ovguide.com/believe-9202a8c04000641f8000000005584f90

    ReplyDelete

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