Lawsuit Filed Against WorldVentures RICO

WorldVentures ReviewHave you been noticing more and more hype for WorldVentures lately?

This business is picking up a lot of steam, with people pitching it all over social media.

I want to tell you that I am NOT in any way affiliated with WorldVentures.

I want to give you an unbiased opinion on WorldVentures – is it a scam?

Is it legit?

Let me give you all the details in my WorldVentures Review.

Will WorldVentures deliver on all it’s promises?

Find out in my Review of WorldVentures.

Let’s get going with the review!

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What Is The WorldVentures Opportunity?

WorldVentures is an MLM opportunity that was hit with a class-action lawsuit earlier in the year. This lawsuit admittedly flew under the radar, so while it’s not necessarily breaking news, it’s something that’s still worth talking about.

Melody Yiru officially filed the suit against WorldVentures on May 1, 2017 claiming that it was a RICO pyramid scheme.

Defendants in the lawsuit include the likes of World Ventures Holdings, World Ventures Foundation, World Ventures Marketing, Michael Azcue, Wayne Nugent, and Daniel Stammen.

Both Azcue and Nugent are said to be “controlling managing-members” for WorldVenture, with Stammen holding a title of a “managing-member.”

In the official complaint against WorldVentures, Yiru claims that WorldVentures is “an illegal pyramid scheme.”

The suit reads as follows:

“Yiru alleges that from 2011 to the present, she and as many as
250,000 other members of her purported class were misled about the financial structure and likelihood of financial gain from their participation (through initial and monthly membership fees) in WorldVentures’ business.

WorldVentures Scam

Yiru alleges that, despite what appeared to be truthful and
encouraging Annual Disclosure Statements, the only way to generate income as a Sales Representative was not through the sales of travel-related services, but through the recruitment of additional Sales Representatives.”

WorldVentures has been in operating for a number of years now, and the lawsuit continues to call out violations against RICO, stating:

“a purported conspiracy which involved the investment of ill-gotten funds in an allegedly fraudulent enterprise.”

Furthermore, Yiru goes on to say that WorldVentures “represented to [her] that she would make a fortune.”

More specifically:

“However, Yiru did not make money as promised.

As with the case of the more than two hundred and fifty thousand WorldVentures representatives before and after her, Yiru failed.

99.7% of WorldVentures representatives average net losses of over $1000 per year, and gross revenues of $140.

No persons, except directors and secretly placed individuals into the “representative” tiers of the company, make any money.”

The lawsuit goes against WorldVentures’ operations between May 2010 to the present day, but something worth noting is that Yiru herself didn’t actually join the company until September of 2015.

Part of WorldVentures’ opportunity revolves around offers for travel plans, and when talking about this, the lawsuit states:

“Signifying how the travel package is of no value, the packages are overpriced, under-inclusive, and are significantly in excess of the price a consumer can obtain (from) the equivalent track packages from almost any online competitor – Cheap Tickets, Groupon and Expedia.

WorldVentures does not have its own travel deals. It just scouts for deals and make(s) a person pay to view them.

Turn over levels are high in each member’s downline, reflecting the nature of the scam.

That is, to make money, one has to constantly be recruiting new victims.”

Yiru even address backroom deals that were paid using some sort of secret compensation plan to “chosen sales representatives”:

“Some of the top representatives were paying the fees for some of their downline recruits themselves, in order to maintain a high rank and appearance of success.

WorldVentures props up its chosen sales representatives by grandfathering them into the highest rank in the company even though they have not earned it.

Indeed, there is a secret compensation plan to achieve to objectives: to make false disclosures that will show fake “outlier” information and encourage enrolled persons that they can make money when this is not true [sic].

The second purpose is to favor persons who will strategically help the company in further propping up the pyramid scheme.”

The current trial date is slated for April 17, 2018, but on September 28, WorldVentures made a move to file a Motion to Compel Arbitration and a Dismiss/Stay.

Per WorldVentures, the reasoning for this is due to a clause that’s found in part of the company’s affiliate agreement terms.

Even so, Yiru responded to this with the following:

“WorldVentures’ premise their arbitration petition upon the fault concept that there is a valid agreement to arbitrate.

The Fifth Circuit Court of Appeal has determined that a nearly identical arbitration policy to that at issue here, was illusory based on a pyramid scheme operator’s unilateral right to amend, and thus, such agreement was held to be unenforceable. (Torres v. SGE Management LLC).

In the alternative, this action should not be ordered to arbitration because WorldVentures (has) not established a valid agreement, many of the factual allegations in the Complaint are outside of the scope of the arbitration provision, the policy is unconscionable, and the individual defendants are not legally entitled to compel arbitration.”

We’re still awaiting on a decision for the motions that are in place, but once they happen, I’ll be sure to do an update and not wait a few months before saying anything. Cheers!

 

Is WorldVentures A Scam?

So, like with all business opportunities, you will hear things around the internet about there being a WorldVentures scam or something like that.

And from what you have read, you may also wonder if this is legit or a complete scam.

So, what’s the truth?

Is there a WorldVentures scam going on or is this legit?

Well, to be honest, WorldVentures is not really a proper scam or anything like that.

But there are some things to be aware of (see conclusion section).

That is how you will be successful.

See below for help with making money.

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My WorldVentures Review Conclusion

 

Hopefully, you have found my WorldVentures Review useful.

I wanted to give a lot of details because there have been other review of WorldVentures which were a bit thin on the detail side.

No matter what happens, if you really want to succeed with any business, you have to learn how to market properly.

And, my training below will help you do that and make money!

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