Based on my review of the company, I sincerely think that they are not a pyramid scheme. Financial Education Services (Company) 2023 Reviews | SuperMoney | Financial illiteracy can cause unnecessary stress on finances, and personal decisions, and life in general. . A blogger by day, a tech enthusiast by night, and a downhill mountain biker at the weekends. Some fraudsters choose fancy-sounding "products" to make it harder to prove the company is a bogus pyramid scheme. It is a platform backed up by a caring community consisting of some of the top affiliate pioneers. A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of "investors." The initial promoters recruit investors, who in turn recruit more investors, and so on. The login page will open in a new tab. United Wealth Education | LinkedIn I havent heard about MOBE, but I entirely believe that what you say is true. The company also claims that besides offering these products and services, they offer individuals who want to start their businesses a chance to start a resilient financial services business. They also offer an affiliate program where members can earn money from selling these services, or by recruiting other people into the business opportunity. Additionally, you will be required to pay $89 per month for a personal protection plan, but basically, here are the things included under this membership type: There are also some additional fees that I think you should know about. So be sure to strike a good deal! Thank you for reading this article on answering whether or not Primerica is a scam, pyramid scheme, or multi-level marketing organization. Financial Education Services Fighting Back Against FTC Over Credit Times have changed a lot since then, and nowadays, you can comfortably earn a decent amount by doing things youre passionate about. There are 2 main ways you can make money from Financial Education Services. Instead of getting a card based on your credit you get one based on a deposit. Price To Join MLM: $199 to $249 + $89 monthly, Only 1 in 588 members earn over $30k a year. Select an on-campus educational workshop below Anyway, I think its good that you have exposed them. Check out how I make money online here! In fact, there may not be any product to sell at all with a pyramid scheme, or it may be low-value items. But they were still scamming people, and eventually, they went under. __CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"eb2ec":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"eb2ec":{"val":"var(--tcb-skin-color-4)","hsl":{"h":206,"s":0.2727,"l":0.01,"a":1}}},"gradients":[]},"original":{"colors":{"eb2ec":{"val":"rgb(57, 163, 209)","hsl":{"h":198,"s":0.62,"l":0.52,"a":1}}},"gradients":[]}}]}__CONFIG_colors_palette__, {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}. I thought this company would be related to education, but it turns out its something completely different. An illegal pyramid scheme is when there's no products and recruitment is the only way you can make money. The FES used unlawful and deceptive practices in their multi-level marketing structure and got caught, and were forced to pay a $1Million penalty.
