Wealth Masters International In Trouble?
Wealth Masters International seem to be having some serious issues.
Wealth Masters International spent quite an effort to bring in the Pure product line with Nutritional Expert Deanna Latson as the head of Pure. In the 11th hour Deanna Latson backed out and partnered with Ariix instead.
Mary Dee also left Wealth Masters International and with that some email exchanges between Wealth Masters President Karl Bessey have been published on the Internet. A very heated exchange between the two not only showed a lack of professionalism of a company president but also aired some dirty laundry. Mary Dee stated that Wealth Masters was barely making company payroll and that the CEO used the company funds for personal expenses.
Along with this came the revelation that Wealth Masters International is also being investigated by the Securities and Exchange Commission.
This was all closely followed by the quick exit of Vice President Michael Hamburger.
For those considering joining Wealth Masters we would recommend waiting until some of these issues are cleaned up especially the SEC investigation.
Of course! Another example of bottom-feeders from a B.S. Mlm $25 pitch program, trying to raise themselves up by tearing someone else down.
Seems as though it’s just a new update. Actually read this same information on some other sites and they were really slamming Wealth Masters International. They also had something about Wealth Masters being investigated in New Zealand.
One of the other sites even posted the email exchange between COO Mary Dee and President Karl Bessey. If you read that it would really make you concerned about the people running WMI.
Personally I really appreciate the information. WMI is quite an investment and if they are in trouble I’d rather not put my money on the table.
Thank you for telling the truth. I have not been able to get an honest answer from the home office or my sponsor. Kip Herriage and Karl Bessey keep brushing stuff under the table like nothing wrong is happening. Here is the truth. The “WMI Hybrid Wealth Plan” is totally confusing and it’s been changed over an over. I have 380$ in monthly subscriptions which is required in order to profit. My academy is 80$, my back office is 197$, my Being Jeremy Miner is 100$ and now Jeff Lerners Top Tier is another 200$? When will it stop? They’ve also tried like hell to sell me a pure founders spot for another 1500$.
Why are all the good people going? Deanna Latson left WMI and Pure as CEO? Mary Dee left as COO of WMI? Michael Hamburger left as Vice Presidnt? Rick & Susann left with the biggest team?
Kip told us on the Academy call that he lost 70.000$. Big deal. I hav
I have my life savings tied up in Falcon and several of the recommend stocks Kip hawks in WMI. I can no longer afford to wait for the stock of the century to rebound. Kip suggests that I stop paying my mortgage on my house. He’s done that on many calls. If I could actually make some money back from buying the investment houses, I’d have money to live. What a disaster. Don’t listen to Kip and his hair brain ideas.
Warning. WMI is always late paying out commissions. If you’re considering Wealth Masters think again. It’s always one excuse after another. The accounting department is a total joke. The rumors about financial trouble appears real.
The Maui m2 was lame. The writing is on the walls. WMI is turning into a nutrinal MLM called Pure. $60 for a 1/2 oz bottle of Pure energy. I tried it in Hawaii and I don’t know how this made Kip stay awake all night. He keeps saying he only needs 3 hours sleep. Pure energy is crap. Kip is powdering his nose with the white devil and staying up all night. He shows all the signs.
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i’ve been researching wealth masters international and found that it has been a rough year. wealth masters has come under regulatory scrutiny and lost most of there key people. here is a year in review with the highlights.
wealth masters introduces new compensation plan with mandatory subscriptions. the plan is very confusing and i guess this is to benefit the company. without the monthly subscriptions or volumes met, wmi profits from lost wages
wealth masters severes it ties with carbon copy pro. carbon copy pro is the marketing team that built wmi from a small startup to what they are today. they lost 90% of leaders and revenues as announced by owners on mulitiple calls
wealth masters is declared an illegal pyramid scheme in norway
wmi appeals pyramid but is still deemed illegale and booted out of norway
wealth masters announces 2 new divisions “pure” and “opes partners” to be launched in 1st quarter 2010. neither launch and then pure is officially pushed back
wealth masters accusses norwegian gaming board of wrong doing and continues to promote illegally in norway
wmi exposed for fraud and bad business http://www.ripoffreport.com/miscellaneous-companies/wealth-masters-inter/wealth-masters-international-c-d8ced.htm
pure ceo deanna latson resigns and leaves for competitor ariix
wmi ceo predicts end of the world
wmi announces the intent to go public in 2 years again. this seems to be a reoccurring theme each year
ceo kip herriage 2008′s predictions are analyzed and shown to be false
pure announced to launch with mild fanfare
wmi founding member and chief operating officer mary dee resigns and heated email exchanged reveals that wmi is in dire straits and deep in financial trouble. mary reveals that ceo kip herriage is screwing his partner karl bessey over financially. she also details how kip has misused corporate funds for personal gain. this is worth reading word for word
wealth masters money back guarentte exposed as fraud http://www.ripoffreport.com/home-based-business/wealth-masters-wealt/wealth-masters-wealth-masters-7p33m.htm
patrick combs shares publically that wmi owes him $11,000 usd for nonpayment from keynote speaking engagement
Taken directly from Patrick Combs facebook page: seeking a lawyer to collect around $10,000 from Wealth Masters International (Ironic, I know). Anyhow, they owe me for keynotes I did for them more than 6 months ago in Puerto Rico. A signed contract and collection calls haven’t prompted them to pay. Thanks for any recommendations.
more information about wmi financial trouble surfaces http://www.businessforhome.org/2011/11/wealth-masters-international-in-financial-troubles/
vp micheal hamburger resigns to become co-founder of competing company
us sec probe and investigation becomes public. wmi accussed of insider trading and possible pump n dump. this link shows an actual letter to a member or employee from teh sec
new zealand commerce commission investigation into illegal pyramid scheme becomes public. new zealand cites wmi being illegal pyramid in norway. this link shows an actual letter from teh new zealand commerce commission investigating wmi
wealth masters products are spotlighted to be dodgy http://wealth-masters-international.pissedconsumer.com/wealth-masters-international-20111123276890.html
wmi corporate website is suspended for days due to nonpayment http://citizencorps.com/lights-out-at-wealth-masters-international/
#1 jeremey miner reportedly hustles new memner out of $20,000 http://www.ripoffreport.com/computer-marketing-companies/wealth-masters-inter/wealth-masters-international-k-0a83d.htm
more finanical trouble appears documented on the net http://www.businessforhome.org/2011/11/wealth-masters-international-in-financial-troubles/
wealth masters numbers drop from 3000 to 300
wealth masters fails to pay distributors residuals on the marketing tools15-12-2011. looks like it is the beginning of the end for this failing joke of a financial institution.