Is World Ventures, located at worldventures.com, an illegal pyramid scheme operating on US soil?
That is the question we will be addressing throughout the course of our unbiased review.
Functioning as a multi-level marketing company, World Ventures has not only come under scrutiny for their questionable business model but they also have had a class action lawsuit filed against their company.
Gather ALL the facts you need to make an accurate assumption regarding whether or not World Ventures is right for you and if you have any first-hand experience we ask that you share your feedback below.
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World Ventures Scam Review
World Ventures promotes the membership of discount vacation clubs and sales of travel services through multi-level marketing.
Consumers that buy into their business opportunity to sell WorldVentures’ services and products are referred to as independent representatives.
Unlike other competing entities such as Travelocity or Priceline, World Venture appears to put more emphasis in the recruitment of new members over the priority of maximizing vacation deal sales, which has resulted in World Ventures coming under public scrutiny.
WorldVentures Marketing, LLC
Wayne Nugent is disclosed as the Founder and Chief Visionary Officer of WorldVentures Marketing, LLC.
According to the Better Business Bureau, WorldVentures Marketing, LLC was incorporated on April 10th, 2005 and is headquartered from the following address 5100 Tennyson Pkwy, Plano, TX 75024-3524.
Reflecting a C+ ranking with the BBB, WorldVentures Marketing, LLC has amassed 290 complaints over the past few years while receiving a couple of advisory warnings from the Better Business Bureau.
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How does World Ventures Work?
Consumers who encounter World Ventures and are interested in pursuing their program must register as an independent representative in order to affiliate World Venture travel packages and vacation services.
Unlike other competing organizations operating within the same niche as World Ventures, World Ventures function as a MLM company that puts far more emphasis on their recruitment process than the actual selling of travel package and vacation services.
Stated at the Better Business Bureau would be the following statement:
“According to the business’s 2016 Annual Income Disclosure Statement, 79.95% of WorldVentures’ independent representatives did not earn a commission or override between January 2016 and December 2016. Of the 20.05% of independent representatives that did earn a commission or override, the median earned was $200.”
Is World Ventures a Pyramid Scheme?
World Ventures has not been classified as a Pyramid scheme on US soil although in Norway World Ventures has been banned because it’s been deemed an illegal pyramid scheme.
While World Venture’s compensation plan does raise several questions, some review sites have not classified World Venture as a pyramid scheme.
It should be noted though that World Ventures is compared to Your Travel Biz (YTB), which was a similar travel MLM that was shut down due to being declared a pyramid scheme.
World Ventures Lawsuit
Apart from World Ventures being deemed a Pyramid scheme across numerous networks, Melody Yiru has also filed a lawsuit against WorldVentures.
Based out of the county of Los Angeles, the gist of the case would be that the Plaintiff Melody Yiru was under the impression that she would make a fortune with World Ventures yet she did not make the volume of money as promised.
According to the case file, “99.7% of WorldVenture representatives average net losses of over $1,000 per year and gross revenues of $140.00. No persons, except directors and secretly placed individuals into the “representative” tiers of the company, many any money.”
Community Feedback
World Ventures does not reflect an overall positive community consensus.
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Apart from being deemed a pyramid scheme across several networks, WorldVentures Marketing, LLC has received over 250 complaints over the past 3 years.
Below are a couple of the most relevant complaints we found relating to World Ventures:
“I spent thousands of dollars investing into trainings with this company and was mislead in regards to income earning potential and actual income made…”
“I never signed up with Worldventures I never authorized Worldventures to debit my account. I am the victim of idnetify theft and have trying to resolve this issue with Worldventures and my bank since last year and I have been unsucessful with both. I never signed up with Worldventures and I am not sure how they recieved my information. The debits began in April of 2017 every month for $29.99 until the last one on June 29, for $29.99.”
To reach out to World Ventures, you can call (972) 805-5100 or you can file a complaint with the Better Business Bureau.
Is World Ventures a Scam?
Given the information above we believe it is safe to say that World Ventures is certainly not a trustworthy business venture and will likely be declared a scam later down the road.
Being deemed as a pyramid scheme by Norway and several review sites, World Ventures reputability has suffered as a result while the future of their organization seems questionable.
World Ventures Review Conclusion
World Ventures is a travel package and vacation service MLM that has accrued a notorious reputation over the past few years.
Due to the many findings we shared with you all above, we believe it is safe to assume that World Ventures may not offer the best business-related opportunities to potential consumers looking to earn money online.
With this in mind, we are urging consumers to avoid this suspicious MLM and any related entities currently endorsing WorldVentures.
Outcome: World Ventures should not be trusted!
Site: WorldVentures.com
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We invite you to share any experience, insight or feedback you may have in a comment below!