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Wealth Generators –
Wealth Generators was founded in 2013 by Ryan Smith, Annette Raynor, Chad Miller, M. Arthur Romano.
kevin-gull-president-wealth-generatorsThe company operates out of the US state of Utah, with Kevin Gull as President.
Review at BehindMLM....
Wealth Generators Review: Wealth Engineering goes MLM
Attachment 13831
Another interesting review....
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Wealth Generators Review - DOUG SKORDALQuote:
The company markets the Wealth Generators “system” for gaining the upper hand in stock trading, and utilizes a direct sale force to sell service subscriptions, as well as other direct sales memberships.
Public ROI (return on investment) claims with past performance marketing? Yikes! The SEC views that as the role of an “Investment Advisor,” requiring licenses and certifications, etc. You won’t find any mention of that on the company’s website. No disclosures. Double yikes!
The company offers trading tips to subscribers for $49.99 each, or bundled in two packs for $99.99 a month. And also charges, enrollment fees, annual fees, and a fee at the Qualified Generator level to belong to the “Experts Club.”
“Generators” are what Wealth Generators refer to someone who has an active $99.95 subscription (be it affiliate or customer). There are nine affiliate membership ranks within the Wealth Generators compensation plan.
Combining stock market trades and MLM is problematic in the sense of how the service is marketed. In the case of Wealth Generators, they openly market the Wealth Engineering trading tips as “investments delivering returns.”
Too many red flags to count. Not necessarily illegal in and of itself…However within the context of an MLM business opportunity, it’s definitely a grey area. I acknowledge that Wealth Generators themselves aren’t accepting payments (securities) and then offering a ROI and cite examples and testimonials of results throughout the website. They, through Wealth Engineering, are selling trading advice.
The implication in attaching an MLM opportunity to this advise however, is that you join Wealth Generators and then will generate significant ROIs. This example has lots of room for overstating claims and hyping up results. I’m not saying the MLM side of Wealth Generators has anything to do with securities, ROIs or stock advice, but it’s hard to separate the two when the service is offered directly through the MLM opportunity.
Wealth Generators offer a guarantee on trades made. Guarantees of income are usually frowned upon in the MLM industry. Guarantee of profit via use of the service? And will people really use their service as end users, or will most subscriptions simply be purchased by reps because they have to buy it to get paid? Remember Burn Lounge? Epic fail.
My prediction is that federal regulators will get complaints, and they will begin asking for licenses and a lot of specific examples of proof for what is being claimed. Not easy to do. They will jump all over this.
WG uses words like “investment,” using our “broker,” our financial “experts.” Add to that a compensation plan that encourages Affiliates to bring other “investors” and their “investments” to the party, and you have the recipe for shutdown. Plain and simple.
Not with my money. Not even close. I would watch this one from the sidelines if I were you. Trust me, I’ve been in this industry nearly 20 years and in my opinion, this company has a bullseye on its back. A BIG one!
Colucci is not a fan of his group members asking DD questions....Colucci is suggesting his members should compound for 10 years!!!!!!!!!
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Michael Colucci is true lowlife scumbag! Anyone that follows this guys advice will certainly come out on the loosing end!
Compounding at "only" 6% per month for 10 years, more lemonade stand math from the idiots. Too bad the hedge funds that imploded last year didn't have access to the internet and all its wizdoms.Quote:
Originally Posted by Colucci is suggesting his members should compound for 10 years!!!!!!!!!
The average hedge fund is down 3.72% this year, according to Hedge Fund Research
Hedge fund liquidations in 2015 - Business Insider
Why are a bunch of Facebook commandos needed to market such a masterwork of automated feet up cigar chompin trading systems? Can't these BSDs who already have a stellar record compound their own money? This sharing with the little guy seems like so much work.
As if the above foolishness is not bad enough, trading relies on supply and demand. Only so much of "X", be it stocks, bonds, currencies, or commodities is available at any given price. The value of a system is derived from knowing that a price is out of balance with value or the buyer/sellers at that level. Assuming a system was not pure snake oil, an untenable assumption here, mass marketing the system would be its death blow.
If Stealth Wealth Generator 2.0 gives a signal to buy oil at $40, only so many sellers are willing to sell at $40. After the supply at $40 is exhausted the price has to go up or more sellers have to come to market. The more people "let in on the secret" that $40 is the magic price, the less viable the system becomes. Some will buy at $40.01 in anticipation of a move up, others will sell more heavily at $40 since they know a pool ofsuckersbuyers exists. Any edge the system once had is wiped out by the market itself.
Yes some markets are huge, conversely there are billions of dollars and some very smart people trying to beat them. They really do have access to Facebook, I was just kidding earlier. If this woo worked or these traders could trade, Culocci would know nothing about it.
Good luck to anyone thinking they will be getting a black box trading system off You-tube and beating the pants of this lot. Why Do High Frequency Traders Never Lose Money? - Bloomberg View
Someone should tell Bill Gates, Richard Branson, George Soros and Warren Buffett they are wasting their time building businesses and portfolios.Quote:
Originally Posted by ribshaw
All they have to do is listen to Michael Colucci, sink a billion or two into Wealth Generators, then sit back and enjoy the six percent a month they could be making.
Any one of them could own the entire planet in a couple of years just by following Michaels' advice.
WHO??? Do they conduct business in some secret Facebook Group or weekly Google Hangout?Quote:
Originally Posted by littleroundman
2 months after it starts and bottom feeders are now required along comes Kenny "Kiss of Death" Russo to save the day....
From memory this is Kens first mention of this scam....
Quote:
June 13, 2016
Greetings Everyone,
Wealth Generators has launched a new product call the FX Simplifier
that will put your trading account on auto pilot. All you do is open your
account, put some money in there, and watch the company generate wealth
for you.
In the 4 weeks leading up to May 20th, the company's return was 60%. If
you had $1000 in your account, you would have profited $600. THIS IS
AMAZING!
Those who have an interest in diversifying into a first rate company
should definitely attend tonight's overview call.....
Monday Night Bizz Opp Call (Held Every Monday)
Monday, June 13th
9 PM Eastern / 8 PM Central / 7 PM Mountain / 6 PM Pacific
Number: 605-562-3140, Access Code: 247653#
Presenters: Troy Rejda, Jon Kane, Dave Martin, Margaret Brown
Bring your friends, family and co-workers!
....3-year old USA based company
....A+ with the Better Business Bureau
....A Hands-Free strategy you NEVER knew existed
....Straight-forward PASSIVE plan to $1.5Million
....Set it & forget it auto-pilot method **NEW TECHNOLOGY**
....Low entry with a triple-money-back-guarantee
....NO sponsoring if you don't want to (YOU'LL WANT TO!)
....A global market for the average person to succeed
During the call you will hear about the FX Simplifier which is a
set-it-and-forget-it trading platform.
Wealth Generators is open worldwide!
My website.....
https://www.mywealthgenerators.com/krusso
Works best using Google Chrome or IE browsers.
If interested please use this email link to request more information.....
Mailto:vendall@ix.netcom.com?subject=Wealth_Genera tors_Info
Ken