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The United First Financial limited guarantee
A comment today by one of our readers on this thread prompted me to take a look at the United First Financial money back guarantee. If you’re a customer of UFF, good luck trying to get your money back. Sure, it sounds nice that they offer your money back. But if you take a look [...]
Continue reading...Selling the Money Merge Acount from UFF
06 Sep 2008
One of our readers posted this, and it’s brilliant. It is the simplest possible way to break down what United First Financial is selling with its Money Merge Account. Question for the consumer: Would you rather pay $0 to save $110,000, or would you like to pay $3500 to save $100,000? It gets to the truth of what [...]
Continue reading...United First Financial: Sell them with deceit
05 Sep 2008
I’ve been critical of the United First Financial Money Merge Account for a few months now. My critique is simple: The program is not worth $3,500. It’s worth less than $100. All the MMA does is direct you to use all available cash each month to pay down more of your mortgage. You can do [...]
Continue reading...Vendor talks, Usana squawks
03 Sep 2008
Usana Health Sciences (NASDAQ:USNA) had their convention last week, and as predicted, the new “energy drink” REV3 was a big hit! Those fully indoctrinated into the “cult” of Usana believe it is the greatest thing ever! But not everyone at the convention was in the Usana fog. At least one service provider there saw right through [...]
Continue reading...Need ShopToEarn contract information
01 Sep 2008
If you’ve signed up for ShopToEarn and have a contract from the company, I need your help! I am looking for the contract, any training materials produced by the company or your upline, and any communications from ShopToEarn that outline the rules and regulations of doing business with them. Please email them to me at [...]
Continue reading...United First Financial’s new math (It’s still not worth $3,500.)
30 Aug 2008
Guest post by Craig Hansen The fine folks at United First Financial (UFF) have come out with a new version of their Money Merge Account (MMA). It’s version 4, and it’s marketed as something that uses… factorial math! And promoters are saying the software does over 3 million calculations each time you use it to analyze [...]
Continue reading...Len Clements: Usana distributor with “seasoned” associate number
27 Aug 2008
Well, well, well. Leonard Clements, defender of Usana to his death, former “executive” of multi-level marketing company Zenza, failed business owner… is now a Usana distributor. But he’s not just any distributor. No, any distributor number would not do for Len. He’s got the number 47278, which is an old, old number. (We’re talking 15 [...]
Continue reading...United First Financial scam: You’re using the bank’s money to pay down your mortgage
27 Aug 2008
Banking 101 - If you’re “using the bank’s money” it means you’ve borrowed it from the bank and you’re going to pay interest to “use” it. You don’t get to use it for free. The United First Financial Money Merge Account supposedly uses “the bank’s money” to help you pay off your mortgage faster. After paying [...]
Continue reading...Ufirst Money Merge Account: Resistance is futile
26 Aug 2008
One of the most common forms of “training” offered to members of multi-level marketing companies (also known as direct sales, pyramid schemes, dual marketing, networking marketing, etc) is Overcoming Objections. Why is that such a key? Because all of the ones that I’ve seen have overpriced, underperforming products, and consumers are usually pretty quick to [...]
Continue reading...Failure rates in YTB and other MLMs
24 Aug 2008
Noted MLM expert Robert FitzPatrick did a recent blog post on the YourTravelBiz.com lawsuit filed by the California Attorney General. He has a nice analysis of how and why YTB is nothing more than a pyramid. These multi-level marketing companies are almost always the same, they each just have a different “hook.” In this case, [...]
Continue reading...- Mary Kay Cosmetics: Destroying half a million women a year
- A new pyramid scheme: United First Financial
- Ufirst Money Merge Account: Resistance is futile
- Vendor talks, Usana squawks
- The Sarah Palin pregnancy cover-up that wasn't (updated)
- $3,500 wasted with United First Financial, per Dave Ramsey
- What does Dave Ramsey think about United First Financial
- Why can't I pee on my neighbor's lawn?
- United First Financial agent compensation plan
- Searching for Shop to Earn scam
- Tracy Coenen: Roger - What exactly does MMA do if not encourage a user to pay...
- Roger Carman: Tracy, It is my opinion that you don’t know much of the...
- JoeTaxpayer: Roger, what it seems to do is use confusing terms (such as...
- marcy: Roger, I love that you are painting the UFF group as self sacrificing...
- Craig: For someone critical of the research capabilities of others, you seem...
- Tracy Coenen: What it really does is cause homeowners to waste $3,500 on an...
- Roger Carman: Craig, It would really impress me if you took your research...
- Craig: Hello Roger, or should I say UFirst Agent No. 864081? How is your...
- Craig: In fact, Quicken and MS Money are far better quality products, and...
- Tracy Coenen: The sad thing is that the quality of the $200 product will be...
- United First Financial broker numbers and earnings
- No Surprise: The “bailout bill” is falling apart
- More gifts from the government for the financially irresponsible
- Credit card company bailout next?
- Election fraud and the future of America
- Why audits are near worthless (yes, internal audit too)
- Bailout head Neel Kashkari wants transparency (except when he doesn’t)
- Overstock.com executives subject to clawback provision in Sarbanes-Oxley?
- Milwauke Public Schools: Obscene property tax increase
- But there’s no evidence of voter fraud!
About the Author
Tracy Coenen is a forensic accountant and fraud examiner who investigates white collar crimes, including cases of financial statement fraud, embezzlement, tax fraud, and insurance fraud. She is the author of Essentials of Corporate Fraud and more than 100 articles on fraud featured in industry publications.
10 Sep 2008
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