Is florida financial advisors a pyramid scheme. It was admitted as the 27th state in 1845.

Is florida financial advisors a pyramid scheme These Sep 27, 2024 · A federal grand jury in Gulfport, Mississippi, returned an indictment charging a Florida financial advisor with a years-long scheme to promote and operate an illegal tax shelter, stealing some of his clients’ funds and money laundering. My understanding is that the financial advisory arm of the company runs like most insurance company financial advisors, which is to say, very sales oriented. A typical pyramid scheme begins with an initial recruiter TLDR: family joined HGI and want me to join, went to Las Vegas convention and now I’m at Orlando convention, still haven’t joined because it feels like a scheme. 8-Star by 42 customers and has a 100% satisfaction score. If you come across an investment opportunity that requires you to purchase the products you must sell or that pays you for recruiting new members, you're most likely being scammed. Today we will look at Jul 22, 2019 · A pyramid scheme is a practice where members of an organization solicit new recruits who are required to pay to join, and it is prohibited by state and federal laws. Jan 25, 2023 · Tristate Financial Network Reviews The Tristate Financial Network is a group of independent financial advisors who work together to provide comprehensive financial planning and investment management services to individuals, families, and businesses in the New York metropolitan area. As the number of recruits grows, the scheme becomes unsustainable and eventually collapses, leaving the majority of participants with financial losses. MLMs like WFG use a direct selling strategy, “person-to-person selling” outside the traditional retail setting (using social media, at home etc. For many different reasons, naked pyramid schemes have become far less common. trueAbsolutely not! First hand experience - You get two options. Want to be able to talk to family factually about why HGI is a mlm/pyramid/ponzi. Company and its representatives are in compliance with the current filing requirements imposed upon Florida registered investment advisers by those states in which Company maintains clients. Feb 11, 2022 · Is Transamerica Financial Advisors a pyramid scheme? Is Transamerica career a pyramid scheme, scam, or MLM? Transamerica is not a scam. Here’s how one works. We would like to show you a description here but the site won’t allow us. Feb 18, 2025 · For our review of Florida Financial Advisors, we used regulatory data from the SEC to summarize the disciplinary history and conflicts of interest for the firm. See White Collar Crimes, Financial Crimes, Securities Fraud, Wire Fraud and Property Crimes for more information. Apr 22, 2025 · If the Sunshine State is calling but you're not sure where to go, we can help. This type of scam has become prevalent in the The primary emphasis is on recruiting new participants. He also pleaded guilty to assisting in the preparation of false tax returns for tax shelter clients. Option two is small salary for a few years, and then sit in teachers lounges and try to sell 403bs to teachers. 4 days ago · A Fort Lauderdale man pleaded guilty on Nov. 8 out of 5 for work life balance, 4. Mar 12, 2023 · 7 Signs Your Insurance Agency Is A MLM Pyramid Scheme Conclusion The U. Not exactly like the pyramid-scheme but some financial advisors seem like they want to promote “financial literacy” and yet… Tristate Financial Advisors (TFA) is a top-rated comprehensive financial planning and wealth management firm serving several Easter States. A Ponzi scheme is our social security system where the people who are working right now are essentially transamerica financial advisors pyramid scheme Transamerica financial advisors pyramid scheme has become a topic of discussion among individuals considering a career in financial advising or looking for investment opportunities. [4][5] Stanford was the chairman of the now-defunct Stanford Financial Group of Companies. Within 18 months, these investments collapsed, revealing they were part of a multi-state Ponzi scheme. Aug 29, 2024 · Investors need to be wary of financial advisor scams. Florida Financial Advisors is also the parent company of Tristate Financial Advisors in Philadelphia, which provides the same investment advisory and insurance services to those in the tristate area of New Jersey, New York and Pennsylvania. Sep 3, 2025 · Key takeaways Unsavory financial advisors may cheat their clients through deceptive practices such as Ponzi schemes, churning techniques, and pump-and-dump scams. In a pyramid scheme, the investor must pay a joining fee or purchase inventory to participate. 2. Hello! My story isn't really crazy, but I hadn't seen much info on this mlm and thought I'd share! My old roommate from college works for Microsoft and an all around sweetie. Apr 24, 2021 · Whether on a smaller scale, or superlatively large like financier Bernie Madoff’s, Ponzi schemes are unnervingly and increasingly common. Find expert tips, top attractions and itineraries. 19 hours ago · A Fort Lauderdale man pleaded guilty on Nov. An online telephone and email directory for State Government agencies and employees in Florida. Yes it is an MLM. Bernie Madoff Bernard Lawrence Madoff (/ ˈmeɪdɔːf / MAY-dawf; [2] April 29, 1938 – April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. ), to sell a product. According to court documents, Andrew Hamilton Jacobus, 64, falsely portrayed himself as a seasoned financial advisor managing legitimate investment portfolios, while misappropriating investor funds for Nov 27, 2024 · The SEC got a judgment against Dusan Varga’s Pannon Investment Advisors. Apr 1, 2024 · Tristate Financial Advisors is rated 4. Here’s a look at eight of the most notorious Ponzi Oct 17, 2013 · The SEC's Office of Investor Education and Advocacy is issuing this Investor Alert to warn individual investors about pyramid schemes, a type of investment scam that fraudsters often pitch as a legitimate business opportunity in the form of multi-level marketing programs. Here are the most common and how you can protected yourself. In order to be a financial advisor with Transamerica, you have to be “hired” through World Financial Group and you represent them through WFG if that makes sense. The reason it gets so much hate is because their business model takes interns and labels them as “financial advisors” and have them call their network of friends and family. Explore GFI Insurance Agency and discover how we empower individuals and families to achieve financial independence, build generational wealth, and make a meaningful impact. If you are good at sales there are much better places to work. According to Florida law, engaging in or promoting a pyramid scheme is illegal, and those found guilty can face substantial penalties. The Company pressures advisors to recruit others to build their own teams and earn overrides. The SEC says his Ponzi scheme targeted fellow Serbian-Americans. However, our friend was slightly deceptive in the type of zoom call it was going to be; he made it Aug 28, 2025 · Is Equitable Advisors a scam? Is Equitable Advisors a safe, legitimate firm or is it a Pyramid Scheme? Complaints & BBB rating. 14 to charges arising from a years-long scheme that defrauded international investors—primarily Venezuelan nationals—of more than $94 million. It is often marketed as a foolproof way to turn a small amount of money into big returns. Here are red flags to watch out for when investing. After a month or so of “training,” they expect you to go on Linkedin to build your own team of financial advisors. Can Global Financial Impact is NOT a BBB Accredited Business. Everyone says that it's 100% commission, but New York Life supposedly has a base salary now for managers. Jan 17, 2024 · Cons 1. Discover Florida with our travel guide, from Miami beaches & Orlando theme parks to the Everglades & Keys. 2 days ago · Florida, constituent state of the United States of America. Mar 3, 2025 · Delray Beach Advisor Pleads Guilty to Multi-Million Dollar Scheme A Florida financial advisor, Stephen T. On rare occasions, we’re even asked: Is First Command a pyramid scheme? While it’s always advisable to investigate before placing your confidence in any financial organization, we can unequivocally state that in no way are we a pyramid scheme. Register Now for Florida's premier trade show for hosted meeting professionals and planners to learn about Florida’s first class meeting and event destinations, hotels and services. The pyramid scheme accusations against Fisher Investments center on the company’s use of a multi-level marketing (MLM) structure to compensate its financial advisors. Here are a few things I went through. Feb 7, 2023 - Personal Financial Advisors in Tampa, FL Recommend CEO Approval Business Outlook Pros Endless opportunity for growth Strong Ethical standards Great pay structure Amazing Support Family oriented Great training program for new advisors Cons There is nothing bad about this company. In other words, it doesn’t have multiple layers of agents, mentors, and trainers and is not suitable for agents who are primarily looking to recruit. I have my second interview scheduled for later this week. A In Florida, pyramid schemes are classified under white-collar crimes. From stocks and bonds to insurance and Mar 25, 2024 · Florida Financial Advisor Fraud Attorneys From Our Tampa Law Office, We Represent Retail Investors, Retirees, High-Net-Worth Investors, and Institutions With so many investors from all walks of life living in Florida, it is important to know that our trusted Tampa financial advisor fraud law firm is here to help. Robert Allen Stanford (born March 24, 1950) is an American-Antiguan convicted financial fraudster, former financier, and sponsor of professional sports. It shares a border with both Alabama and Georgia in the North and is the only state with a coastline along both the Atlantic Ocean and the Gulf of Mexico. Trust QX Financial to help you achieve financial freedom and security. These represent a form of financial fraud where recruitment fees from newcomers fund payments to established members who successfully bring in additional participants. All pyramid schemes eventually collapse, and most investors lose their money. To become accredited, a business must agree to BBB Standards for Trust and pass BBB's vetting process. Many of these clients trust their advisors, who sell them inappropriate, high-risk Aug 29, 2025 · Is Fisher Investments a Scam (Pyramid Scheme) in 2025? Is Fisher Investments a scam? Is it a safe and legitimate firm? Fisher Investments BBB rating, complaints. Feb 26, 2025 · Feb. Nothing is wrong with the company. Be wary of words like "events" and "memberships". You end up making less than minimum wage if you start your career here. ” Here’s what to look for to avoid getting scammed. They are considered serious offenses because they often involve deception and exploitation, leading to financial loss for many people. We take a personalized approach, working together with you to grow and protect your assets. Explore Florida Financial Advisors Wealth Manager salaries in the United States collected directly from employees and jobs on Indeed. About two-thirds of Florida occupies a peninsula Official state travel, tourism and vacation website for Florida, featuring maps, beaches, events, deals, photos, hotels, activities, attractions and other planning information. I unfortunately have not been able to find anyone who has any dealings personally with the company. is florida financial advisors a pyramid scheme Employees also rated Florida Financial Advisors 3. . A free inside look at company reviews and salaries posted anonymously by employees. I want to be a financial advisor but wondering if I should disregarded this as the company seems shady. Is this financial firm an MLM? I was messaged on LinkedIn from a guy offering an interview for his firm as a financial advisor. Salary estimated from 13 past and present job postings on Indeed. Many people think of supplement sales when they think of a pyramid scheme. Investor Protection Guide: Pyramid Scheme A pyramid scheme is an unsustainable, illegal business model where investment returns are typically from the principal of investments or membership fees instead of from the underlying investment gains. Is account SIPC/FDIC insured? Under Florida law, a pyramid sales scheme is characterized by using a chain referral sales technique to convince a consumer to purchase of a product or service exceeding $100, or promising money or commission for recruiting new members into the pyramid. If you have a complaint regarding Equitable Advisors, please contact our attorneys at (800) 767-8040 for a free and confidential consultation. We've ranked the best places to visit in Florida to help you plan your next vacation. The capital is Tallahassee, located in the northwestern panhandle. The vast majority of financial advisors are honest, skilled, and ethical. A pyramid scheme is a bit different, similar to MLM but in a pyramid scheme there is either no product to sell or you have to pay high fees just to "become" a member, this is illegal, and this is why WFG and other MLM makes it free to join. Florida is the most populous of the southeastern states and the second most populous Southern state after Texas. We provide a complete review of the firm and its services. There's a difference between a pyramid scheme and ponzi scheme and an MLM and a brokerage. 157 votes, 53 comments. 109 Florida Financial Advisors reviews in Florida. All it is, is you joining, "recruiting" aka soliciting your friends and family to come and join so you can get a cut of their membership Apr 30, 2025 · What Is a Pyramid Scheme? A pyramid scheme is a fraudulent investment where participants make money primarily by recruiting new investors rather than from legitimate businesses. Jun 23, 2024 · Primerica is not a pyramid scheme from a technical standpoint. Visit perennial Florida favorites such as beaches and theme parks – then go beyond them to discover natural treasures, first-rate cultural attractions and hidden gems. Like many financial services firms, First Command is often asked questions about how we go about providing products and services to our clients. They, in turn, recruit additional distributors. Aug 26, 2025 · 73 reviews from Florida Financial Advisors employees about Florida Financial Advisors culture, salaries, benefits, work-life balance, management, job security, and more. Explore business models and recruitment strategies in this comprehensive guide. 5 for culture and values and 4. 6 for career opportunities. It’s a fortune 100 company and provide Financial Planning Services. Is Texas Financial Advisors Legit? Got a handshake message from them and saw that they were a sub-branch of Florida Financial Advisors. If you or your company are being investigated for, or have been arrested for, white collar crimes or pyramid/Ponzi scheme-related charges, it's important to seek the legal advice of an experienced white collar crimes lawyer in Florida. Additional Requirements of the role: SEC Accuses German Nino – Weston Florida Financial Advisor – of $5. I was wondering if they're legit as I can't really find anything that says their an MLM or something related. They are set up like a pyramid scheme. Department of Health and Human Services has filed a lawsuit against Florida-based health care company U. Mellinger III, has pleaded guilty to orchestrating a nearly decade-long conspiracy involving an illegal tax shelter, false tax returns, and the theft of millions from his clients. By rejecting non How much does a Wealth Manager make at Florida Financial Advisors in Florida? Average Florida Financial Advisors Wealth Manager yearly pay in Florida is approximately $75,174, which is 27% below the national average. Some agents are more credentialed than others, if yo (edit begins here, accidentally hit post) if you try and create a hierarchy. Jun 22, 2017 · Cons This is a Pyramid Scheme, through and through do NOT go to anything this "Company" invites you too. Why choose a BBB Accredited Business? The pyramid structure consists of multiple levels, with each new recruit adding another layer to the pyramid. It is a legitimate and registered business, legally operating in most countries. Established in 2017. Apr 13, 2023 · A pyramid scheme is similar to a Ponzi scheme, with one exception. As a branch of the Florida Financial Advisors company, we are a full May 16, 2025 · Reviews from Equitable Advisors employees about Equitable Advisors culture, salaries, benefits, work-life balance, management, job security, and more. I just seen a job listing in my area for Tri-State Financial and started doing some research. Join us on the path to financial success and fulfillment! Sorry to revive this thread. This crucial distinction sets it apart from fraudulent schemes. For those who work for Tristate/Florida Financial Advisors, what’s it like to work for them? Would you recommend it? I recently got a job offer from them on my university’s Handshake for a position as a Financial Advisor/Wealth Manager. These scams often promise high returns with little or no risk, but victims end up losing their money. It was admitted as the 27th state in 1845. Mar 13, 2023 · Would you know a pyramid scheme if you saw it? Many sophisticated businesspeople become trapped by fraudulent investment “opportunities. Pete and Clearwater offer countless opportunities to create lasting memories, no matter the weather. Unlike legitimate business models that generate revenue through actual product sales or services, pyramid schemes primarily reward participants for enlisting others to join the scheme. I hate societal misconceptions but I will try my best to explain it the easiest way possible. I basically got “hired” there during a job search in between jobs. We've been bamboozled by a financial advisor. It ended up just being a pitch on how a UIL and Transamerica is the way to go when it comes to conducting a purchase. 3. Bernie Madoff, the. A recent case that underscores this involves Marc Sheridan, a broker and investment advisor currently associated with EQUITABLE ADVISORS, LLC. : r/personalfinance Go to personalfinance r/personalfinance r/personalfinance At Tristate Financial Advisors, we have customized our services to specifically fit the financial needs of Tristate residents. Uncapped earning potential - top advisors can make $100,000+ in their first year - advisors must be comfortable with the majority of their compensation coming from their results Numerous career path options, including advanced financial advisor, compliance, field management and corporate opportunities. Unlike pyramid schemes that rely solely on recruiting new members for commissions, Primerica focuses on marketing real, tangible products. I then got that tingly it's-a-pyramid-scheme spidey sense but Jan 3, 2023 · USHEALTH Advisors is not a pyramid scheme multi-level marketing (insurance MLM) business opportunity. A financial advisor can help you determine whether an investment is legitimate. Get some sort of other summer job or maybe take finance courses on your own as a self study, or maybe try to get into a research lab released to your field (I managed to get into some Economics research, which is my major). [5] Aug 21, 2024 · In a pyramid scheme, income is based on recruitment, not sales. Sep 1, 2023 · The collapse of a pyramid scheme often leaves participants with significant financial losses, potentially leading to bankruptcy, ruined credit, and lasting financial hardship. It offers reputable financial products and services. Our Some reviews on Indeed and Reddit describe Northwestern Mutual as a "pyramid scheme" or "legal pyramid scheme". May 8, 2023 · A pyramid scheme is an investment scam. Florida (/ ˈflɒrɪdə / ⓘ FLORR-ih-də; Spanish: [floˈɾiða] ⓘ) is a state in the Southeastern and South Atlantic regions of the United States. Any info on the company would be great thanks Mar 14, 2025 · Is Equitable Advisors really a pyramid scheme? Dive into claims, legal concerns, and customer reviews to protect your investments. It is a legitimate company that has been around for more than 100 years. Florida Financial Advisors provides services designed for people living in the Sunshine State. Specialties: A top-rated and comprehensive financial planning & wealth management firm with a keen focus on helping our clients realize their dreams -- customized services designed for the financial needs of Floridians. These schemes force distributors to regularly buy products, even if they already have too much inventory. We have experience handling claims related to variable annuities, financial mismanagement, theft and investment fraud. Jul 12, 2022 · Pyramid schemes are up there in the biggest scandals that can ever occur in the world of business. All too often, we’ve found in our practice that brokers take advantage of elderly clients, who may exhibit mental incapacity due to aging. Florida Financial Advisors offers financial planning, wealth management, insurance services and business owner services, specializing in the needs of Florida residents. Health Advisors, LLC for allegedly engaging in a nationwide scheme to defraud the federal government by submitting false and fraudulent claims to Medicare. I've been told it's a ton of info thrown at you at first, and I keep hearing that the training is top-notch. Jul 7, 2025 · Pyramid Schemes: Building on Sinking Sand While pump-and-dump schemes manipulate stock prices, pyramid scams operate through a different but equally destructive model. May 5, 2022 · Explore Florida Financial Advisors Wealth Manager salaries in Tampa, FL collected directly from employees and jobs on Indeed. As the financial landscape continues to evolve, it's important to differentiate legitimate financial advising practices from those that operate on questionable Led by Jason Mickool, an industry expert and Top Financial Advisor, Florida Financial Advisors is a comprehensive financial planning and wealth management firm serving “Floridians” needs. We are a group of highly trained professionals committed to Fighting for Defrauded Investors Throughout Florida Consider a Palm Beach financial advisor who convinced a retired teacher to invest her entire $850,000 life savings in “guaranteed” high-yield private placements. S. The advisor had concealed Feb 27, 2018 · Here is a brief overview of how Florida fights against pyramid and Ponzi schemes using both Florida’s "Deceptive and Unfair Trade Practices Act" and state criminal codes to protect consumers. Financial and investment fraud involves schemes that trick victims into investing money based on false information and/or promises. St. These schemes often promise huge returns 3 days ago · Ameriprise is a global financial services firm offering financial planning, insurance and investments. The alleged fraudsters offered wealthy clients to hand over their money for "trust management," but instead of investing, they transferred it to offshore companies. Please note that all salary figures are approximations based upon third party submissions to Indeed. Florida Financial Advisors is NOT a BBB Accredited Business. Mar 29, 2024 · Ponzi schemes and pyramid schemes aren’t new, but they aren’t the only investment scams out there, either. She posted an ad her financial advisor gave her on Instagram, commenting how it gave her a bad feeling and that her advisor was pushing her to sign up for it. Thankfully I only attended an "event" where they solicit new members from their associates to join up. Here is a video that talks in details about Transamerica being a pyramid scheme. Florida (/ ˈflɒrɪdə / ⓘ FLORR-ih-də; Spanish: [floˈɾiða] ⓘ) is a state in the Southeastern and South Atlantic regions of the United States. My husband and I are idiots. The elements that constitute a pyramid scheme typically 15 votes, 29 comments. Pyramid schemes pressure distributors to keep a constant stream of new salespeople — and their money — flowing into the business. Complaint: Equitable Advisors Rep Scams $1. Feb 5, 2024 · A pyramid scheme is a fraudulent business structure that recruits members through a hierarchical recruitment system, primarily focusing on monetary gains from recruits rather than actual product sales. 5 Million Crypto pyramid schemes are fraudulent investments that rely on the recruitment of new participants to generate returns for those higher up in the pyramid structure. Fee-only financial advisors are paid a set fee for their services. Read what customers are saying about it, and share your own experience. It borders the Gulf of Mexico to the west, Alabama to the northwest, Georgia to the north, the Atlantic Ocean to the east, the Straits of Florida to the south, and The Bahamas to the southeast. You have your initial interview with whoever recruits you, then you Oct 30, 2021 · Our law firm is investigating customer complaints against Equitable Advisors. Advisors who pressure you to make So overall, if Northwestern Mutual contacts you or you are in the process of potentially getting a job there, don't do it. Important to clarify that a pyramid scheme is a pyramid because the employees, not real customers, are the ones buying the product. A client may also owe additional third-party fees, which could include costs like brokerage commissions, transaction fees and other expenses. Still a scam; just not a pyramid. Option 1 is no salary, and you go find your own people to sell life insurance and annuities to. It appears to be a pyramid scheme/insurance sales type deal similar to northwestern mutual. Nov 27, 2024 · Florida, nicknamed the Sunshine State, is a peninsula located in the Southeastern United States. Get hundreds of discounts and deals on activities, attractions, dining, and shopping all throughout Florida. Expert financial, investment, and tax planning services in the USA. My girlfriend and I just got off a zoom conference with our really good friend, his wife (who's also his "business partner"), and their "trainer". Dec 22, 2022 · Stoltmann Law Offices has represented dozens of investors in cases where financial advisors have exploited our elderly clients or invested their money in Ponzi schemes. 6 hours ago · A former financial advisor has pleaded guilty to wire fraud and money-laundering charges in connection with a $94 million Ponzi scheme in a federal court in Florida. Company Disclosure Florida Financial Advisors, LLC (“ Company ”) is a Florida registered investment adviser located in Tampa FL. Financial advisors were commission based, and that is directly through the company, not a higher up agent. Financial Advisor/Wealth Manager - Miami, FL in Miami Lakes, FL 1. In today’s world, where financial opportunities are sought after, it is essential to understand the underlying risks associated with pyramid schemes. Often they are business opportunity scams that solicit people to pay to distribute products or services. The services offered are limited to confusing life insurance polices, annuities, or mutual funds. [3][4] He was at one time chairman of the Nasdaq stock exchange. I have a lot of experience in the wine industry in sales, but I don't really know anything about financial services. 0 on May 5, 2025 Pyramid Scheme Jan 31, 2017 · I interviewed with US Health advisors here in North Palm Beach, FL today, and everything sounded too good to be true. The interview process is stupid. Okay so both of my (south asian, highly educated) parents and some family members ended up joining HGI after retiring Apr 1, 2024 · Tristate Financial Advisors is rated 4. The whole pitch sounded like a pyramid scheme as he was saying “you don’t even need to know a lot about finance to work for me” and “athletes I see always have the best success”. The sales/income numbers are literally out of this world Since the Donald wants to replace the ACA, and the plans USHA sells ( complete with the upgrade to" major medical") Feb 1, 2023 · Pyramid schemes usually overprice their products so they can make the opportunity look very profitable for the representatives and the distributors. He was convicted of fraud in 2012 for operating an eight billion dollar Ponzi scheme, [1][2][3] and is serving a 110-year federal prison sentence. We've had 2 interviews now, and the first one gave really big pyramid scheme vibes, but the second one makes it seem slightly more legit, but I still have reservations. Fraudsters frequently promote pyramid schemes through social media, Internet advertising, company websites, group presentations, conference calls, YouTube videos, and other means. 49 Financial provides comprehensive financial planning services to individuals and businesses to help them achieve their financial goals. 26, 2025 — A Florida man pleaded guilty today to orchestrating a nearly decade-long scheme to promote an illegal tax shelter and commit wire fraud. Please tell me what yall know. Is Transamerica Financial Advisors legitimate Police have uncovered a major financial pyramid scheme that operated under the guise of an investment company and had an office in Moscow City. But avoid this leach of a company at all cost. She trusted his promises of secure income. It has advisors across the country who give personalized financial and investment advice. 8 million Theft Travis Jerome Hughes, Broker with Cetera Advisors, Facing Pending Customer Disputes Alleging Unsuitable Investment Recommendations Feb 19, 2024 · The seriousness of allegations in the financial world cannot be overstated, especially when they involve financial advisors and investment firms. No it's not a pyramid scheme are you kidding me? Btw im a financial advisor who works for a competitor. Much like the Ponzi scheme — which is its counterpart and what most people confuse it as — pyramid schemes operate in a slightly different way but nonetheless, its intention to defraud investors out of their hard-earned money through dubious tactics is one and the same. Is Transamerica an MLM? World Financial Group (WFG), owned by Transamerica, is a multi-level marketing (MLM) company that sells financial products like life and health insurance. Aug 17, 2023 · The company is legitimate but its still basically a pyramid scheme selling expensive products to financially illiterate people. ukxiuef zxpvmc upz nnlh qgmnf xuvwkv aotk nbov vbmjol wncrpn fxv wzpibeva uoxhij twzo wbomlw