I sincerely do not recommend it since it raises some major red flags. They offer legitimate products and a small minority will do well with this company. Though its quite difficult to make money from this platform. FTC Shuts Down Financial Education Services for Defrauding $213M from United Wealth Education | LinkedIn I have to agree with the questionable MLM structure entirely and add that I can see MLM as a different way to call a Pyramid Scheme. Financial Education Services (Company) 2023 Reviews | SuperMoney Download our free 7-day bootcamp to learn how thousands of people make a passive income online with proven long term strategies. And when were talking about passionate earning for me, the best way to make a living online was, is, and undoubtedly forever will be through affiliate marketing. Pyramid Schemes | New York State Attorney General The FTC also said in its lawsuit that FES had made false and misleading claims about the goods and services it sold. Im glad youve pointed out the various red flags to your readers, and the overall look and feel of the company just doesnt sit right with me. The main question is why spend time growing someone elses firm when you can start a real online business with the same effort and eventually hire people to do all the tasks for you? Thanks for taking the time to share this! FTC says credit repair business doubled as a pyramid scheme Common types & kinds of financial fraud | Ameriprise Financial Simply stated, a pyramid scheme company is usually presented as an investment or earning opportunity. And generally speaking, around 72.5% and 99.9% of all MLM representatives lose money as well. The focus of our company is to provide households with information, tools, and strategies to help them make good and informed . I actually cannot remember the last time I had to use physical books to cross-check a piece of information. If you're new here, take thisquick make money online quizto discover what route is the best one foryou. United Wealth Education (UWE) is a financial and education services company that is based in Farmington Hills, Michigan, USA. The Federal Trade Commission (FTC) said that FES agents were told they had to buy a lot of FES products to get commissions, instead of selling these products to the people who used their services. I have heard little about Financial education service from a friend. I'm not a big fan of this opportunity but there's still a few things that FES has going for it including: While there's some good at FES the bad outweighs the good. Ultra score is a service that gives you access to FES financial resource center, payment calculators and financial planning documents. Pyramid Schemes | Investor.gov After logging in you can close it and return to this page. 10 Best Affiliate Marketing Courses to Earn the Ultimate Passive Income, 167 MLM Income Disclosure Statements Reveals 92.3% of Members Lose Money, How to Make Money From a Blog Quickly: Blog Income Reports Study in 7 Niches, You can promote anything you want and truly own the business, You never need to sell to friends and family. Doing this means that youre passing the burden or the buck to them. Maybe you would like to check this 5-minute video that I recommend you to watch so youll know how to spot these pyramid schemes in disguise.