WorldVentures Judged A Pyramid Scheme
11/28/2014 WorldVentures has lost their appeal of a decision by the Norwegian Gaming Board that said they were a pyramid scheme. WorldVentures is now judged to be a pyramid scheme in Norway.
A central question in the case was whether more than 50 percent of revenues in the business came from the recruitment of new members. Gaming Authorities concluded that this condition was present, and WorldVentures is regarded as a pyramid scheme.
This means WorldVentures must stop its operations in Norway immediately.
Lawyer and partner Haakon Juell Hassel is now taking the state to court on behalf of WorldVentures.
Hassel believes that WorldVentures has collaborated with regulatory authorities and provided all required documentation and information relating to the nature of the business.
“I will, on behalf of my client, provide immediate legal action including injunction to get the court’s confirmation that WorldVentures operates in accordance with the law.”
– Source Nettavisen.no
The company has not been paying their leaders for months and have run out of money. Some of their reps have had cars repossessed after quitting jobs. They are putting up a huge front doing seminars and leaders are acting like things are great to their teams in hopes of getting paid. They lost millions on dream trips and bad tech investments. Worse is they lied to the people that belived in their vision. Even company president Jon McKillip just resigned.
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Hello Ethan, I’m a victim of that shit of WV, please can you tell me if any class action is going on against them?
Many many thanks…
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I don’t know of any class actions that are open for you to join at this time.
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If anyone wants to bring suit against WV, does that have to be in their country of residence. Thanks.
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You will need to contact legal counsel in your country to find out.
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Hello Ethan, it pleases me that facts are shared about them! In Malaysia, promotion of W.V. is illegal only because their direct marketing act does not recognize it to be an honest business opportunity whose fees are above RM$120. Still it does not change the fact that W.V. reps get NOTHING when they are happily and excitingly promoting W.V. for free (to get more to join W.V.). They get nothing until they have 30 on right and 30 on left (and it would only be a miserly $500 per month passive income).
Who wants to use YOUR W.V. website any more to book airflight tickets etc any more when people have signed up to join and they use their own new W.V. site to book?
Why are W.V. members not having that SUBSCRIPTION box to capture potential customers’ emails on their W.V. homepage (instead, potential customers and downlines have to register and answer a whole load of questions before your new W.V. website captures any one ‘s email address).
So many W.V. are blindly promoting W.V. without knowing if it’s against their country’s laws because and without understand why Matt Morris (if I remember name correctly) is getting many sign-ups and not W.V. reps (unless reps are celebrities) the uppers are not informed by their uppers. I doubt the partners of W.V. will spend money to defend their own representatives if reps get into trouble with the law – you (the W.V.) rep is on your own.
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Fined in Cyprus in 2011: http://www2.onthisisland.com/worldventures-legal-battle-fined-50000-cyprus/2011/09/18
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So what’s the big deal… Why would anyone to go to Norway in the first place…
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The big deal is that they are a pyramid scheme and they now have a judgement against them for being one.
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Idiot
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