Ufirst Financial: This is what a collapsing pyramid looks like

July 9th, 2010 admin

The demise of United First Financial is apparently imminent. The company has had anemic sales for more than a year, and it seemed it was only a matter of time before Ufirst folded. The end is coming nearer, as people at the top of the pyramid are looking to  the best people (not those bad ones who just get drain cash from the company …


Originally posted on Sequence-INC

 
  Related Posts
Ufirst Financial software users jumping ship
Ufirst Financial software users jumping ship
This interesting information was posted on a Canadian discussion board where the members were talking about United First Financial . As you saw here, some of the top people in UFF see that the company is going under , and are looking for a way to take this horrible software to a new company, and leave all the dead weight agents behind. Too bad... 
United First Financial is being shopped to private equity groups
United First Financial is being shopped to private equity groups
Recently, the cat has been let out of the bag that UFirst Financial, the company selling the worthless “Money Merge Account” software via a multi-level marketing business model is on its last legs .  Top members of the salesforce are plotting how to oust other sales people and keep the profits for themselves. The numbers show that... 
Marketing Fraud: Why multi-level marketing pyramids and financial ponzis are ignored by law enforcement
Marketing Fraud: Why multi-level marketing pyramids and financial ponzis are ignored by law enforcement
Dear Colleagues, Consumers and Pyramid Scheme Alert Supporters, A new essay recently posted on the False Profits Blog addresses a question many of you  have raised. Why are multi-level marketing pyramids and financial ponzis able to ensnare so many people today? What is the power behind this Main Street epidemic? This question goes beyond the... 
Penn & Teller on multi-level marketing and pyramid schemes
Last month, Penn & Teller’s Showtime show Bullshit! featured multi-level marketing. They did an excellent job of hitting the high points on why MLMs almost guarantee failure for all the participants. Sure, there will be a couple of people at the top of the pyramid that make money, but that’s only because hundreds or thousands below... 
A victim of United First Financial speaks
A victim of United First Financial speaks
This was left as a comment on an article here about United First Financial (UFF) and their Money Merge Account (MMA). Tracy, I wish I had read this earlier, like 2 months earlier. I did a Google search for paying down mortgages, and came across UFF’s Money Merge Account. I looked through the website, testimonials, etc. I was sold before the... 
Fixing Financial Instrument Accounting
In response to the financial crisis, the IASB has speed-balled a proposal to rejigger the accounting for financial instruments. Issued in July, with the comment period ending today, the proposed accounting would give investors a new prism through they can view financial statements. Only two kinds of accounting would exist for financial instruments:... 
United First Financial: Will the last person to leave please turn off the lights?
United First Financial: Will the last person to leave please turn off the lights?
This was left as a comment on an article on this blog. I have no way to verify the accuracy of any of the information, but wanted to share it with my readers. As of June 2010, UFF is all but out of business. They had their last round of lay offs at the home office just yesterday and are now down to about 8 people running both the client and agent... 
Another thinly veiled pyramid scheme: Numis Network
Another thinly veiled pyramid scheme: Numis Network
Today Fraud Discovery Institute and Barry Minkow released a report on Goldline International , in response to a report by Representative Anthony Weiner (D-New York). In short, the Weiner report attacking Goldline was politically motivated. Representative Weiner wanted to prove that conservative political commentator Glenn Beck was promoting a... 
Friday Tax Tip Findings From Around the Financial Blogosphere
Friday Tax Tip Findings From Around the Financial Blogosphere
Since it is tax time is upon us and many people are writing about various tax issues I would like to share some of the best tax advice out there from various financial blogs around the blogosphere. Below is a list of great articles posted in the last couple weeks from some of the top financial blogs. Tax Filing & Preparation Tips Free Online... 
Bozo Tax Tip #6: Just Don’t File
We’re running some repeats, but there is some new Bozo material coming. It’s just that people keep trying the same things over and over again. It’s tough to avoid the tax system. There are currency transaction reports (cash transactions of $10,000 or more) and suspicious activity reports (theoretically can be done on any transaction, but usually... 
  Related Tweets from Twitter
Jen_Saunders (Jen Saunders)  : @RunningLarge one of your blog posts is featured on my press page www.brilliantwellbeing.com/press..
Updated : 2010-09-04T19:03:18Z   |  Reply  |  View Tweet
GayTravelrsNwrk (GayTravelrsNwrk)  : 2 blog posts by Fuzzywazhe were featured: 2 blog posts by Fuzzywazhe were featuredMexico :- Miss Universe "brain... http://trim.li/nk/3u3H..
Updated : 2010-09-04T17:58:46Z   |  Reply  |  View Tweet
mohdzaid (Mohd Zaid)  : First Time Dapat Featured Posts Di Innit Nuffnang! http://nblo.gs/7wpZ8..
Updated : 2010-09-04T17:30:38Z   |  Reply  |  View Tweet
mohdzaid (Mohd Zaid)  : First Time Dapat Featured Posts Di Innit Nuffnang! http://ping.fm/tcew7..
Updated : 2010-09-04T17:27:12Z   |  Reply  |  View Tweet
sgtpepper17 (Kevin)  : @JameLess I changed the gamecraft setting for featured posts; it now shows all posts from the featured category instead of uncategorized ...
Updated : 2010-09-04T17:09:22Z   |  Reply  |  View Tweet
  Related News from Digg
No comments yet.

Spam Protection by WP-SpamFree

TOP