WMI Australia – More Bad News for Wealth Masters
November 13th, 2011
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by admin · Filed Under: Uncategorized
Sales Take a Tumble For WMI Australia
A string of negative events for Wealth Masters International is taking its toll on the Wealth Masters International Australian operation.
Key WMI Australia and US leaders are scrambling to lock in alternative income streams, as WMI sales plummet.
Take a look at recent problems for the company:
1. Sales Executive Quits. Deanna Latson Quit WMI. Apparently she wasn’t happy with what was going on behind the scenes (company not paying its bills etc).
2. Vice President of Marketing Quits. Ex Liberty League and Lifepath Unlimited rep Michael Hamburger has jumped ship in favour of Brent Payne’s Avant.
3. SEC Launches Investigation. The SEC in the US launched an investigation into Wealth Masters for possible ‘securities violations‘.
4. New Zealand Launches Investigation. New Zealand’s Commerce Commission has now decided to launch an investigation, no doubt prompted by the news earlier this year that the company has been a declared an illegal pyramid in Norway.
The foregoing represents negative events that have happened in just the last month or so. Ouch!
Businesses such as Wealth Masters depend on confidence for their continued viability. Nothing erodes confidence faster than negative events such as these.
The Future for Wealth Masters?
There is none. WMI is toast.
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