WMA was founded in 1991 as Alexander Inc. by Hubert Humphrey, a former Primerica distributor. World Financial Group in my own opinion is a recruiting scam. Many people are brought in under various false promises. Phone: 408-941-1838. However, the MLM structure may facilitate groups wherein racketeer influence may abound. For 19 years, World Financial Group, a Transamerica company, has helped countless individuals and families find financial security through our life insurance, retirement and wealth-building strategies. You will start at the beginning and work your way up. But yet don't realize the their in going for a salary or hourly position. After I got off the phone and did some research I found out WFG is a scam and pyramid scheme company. Prior to 2001 World Financial Group operated as World Marketing Alliance (WMA). A pyramid scheme is a fraudulent investment strategy, deemed illegal in the United States. Pros. That’s what a pyramid scheme … ... World Financial Group is a very good company but also very competitive with team members. Due to this tactic, a good number of people brought on board have termed World Financial Group a Scam. And we can do the same for you. This is just another Multi-Level Marketing (MLM) company misrepresenting themselves. I immediately quit the company within 24 hours of paying the fee. This is a flexible schedule with great income earning potential. According to the Federal Trade Commission, pyramid schemes “promise consumers or investors large profits based primarily on recruiting others to join their program, not based on profits from any real investment or real sale of goods to the public.” On its website World Financial Group refers to itself as a “Transamerica company”. ... For the record, WFG is not a pyramid scheme, no matter how close it may resemble , it is not. World Financial Group review from Oxnard, California with 7 Comments: People talk about pyramid schemes. World Financial Group Cons: Home wreckers, Cult-like, Hugely deceptive, Fake sense of value, Pyramid scheme. World Financial Group review from Oxnard, California with 7 Comments: People talk about pyramid schemes. I have been working at World Financial Group full-time for less than a year. Advertisements Review #1205823 is a subjective opinion of World System Builder (WSB), LLC is a financial services marketing company that is associated with World Financial Group, Inc. World System Builder LLC Headquarters: WSB Gold Street Financial Center, 2099 Gold Street, Suite 100, Alviso, CA 95002. World Financial Group is an MLM company dealing in financial instruments. In the literal sense of the word, no, World Financial Group is not a scam. World Financial Group launched in 2001 and is headquartered in the US state of Georgia. World Marketing Alliance / World Financial Group (WMA/WFG) / National Lending Corp. (NLC) / Aegon Financial Group World. But this company is involved in brokers of all sort of good products, so in a sense, they are not a scam. Pyramid schemes are illegal because there is no real product or service and people trying to get rich by just bringing in other people trying to get rich quick. The company will not take your money as a customer and give you nothing in return. What matters to you, matters to us. World Financial Group aka WFG (Aegon), Global Preferred Holding or World Leadership Group (formally World Marketing Alliance or WMA) Another pyramid scheme seems to be in existance, selling false hope and dreams to people looking for a better job. My mentors have been great but I’m also pretty self sufficient and a quick learner. Number of people brought on board have termed World Financial Group review from Oxnard California... But also very competitive with team members salary or hourly position however, the MLM structure facilitate! 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