United First Financial broker numbers and earnings
Today I received some interesting information on United First Financial, the company selling the $3,500 Money Merge Account. Here is a listing of all UFF agents (warning: large file download), showing that there are 59,703 agents on the rolls. The fee to sign up as an agent is $175. Multiply that by 59,703 agents, and you [...]
Continue reading...Tue 18 Nov 2008
United First Financial broker numbers and earnings
Today I received some interesting information on United First Financial, the company selling the $3,500 Money Merge Account. Here is a listing of all UFF agents (warning: large file download), showing that there are 59,703 agents on the rolls. The fee to sign up as an agent is $175. Multiply that by 59,703 agents, and you [...]
Continue reading...Fri 14 Nov 2008
No Surprise: The “bailout bill” is falling apart
Whether from dishonesty, incompetence, or a bit of both, the big $700 billion “bailout bill” that Treasury Secretary Hank Paulson begged lawmakers to approve is falling apart. Don’t say I didn’t warn you. Michelle Malkin writes:
Continue reading...Fri 14 Nov 2008
Richard Davis and Trademark Properties win Flip This House lawsuit against A&E
The 2006 lawsuit against A&E by Richard Davis and Trademark Properties of the “Flip This House” reality show has concluded with a jury verdict. After five hours of deliberation, the jury awarded Davis $4 million. David alleged that he and A&E had a verbal agreement to split all revenue from Flip This House 50/50. After the [...]
Continue reading...Fri 14 Nov 2008
Shop to Earn: Please get my web address right
In a lame, half-hearted attempt to counteract the truths posted here about Shop To Earn and Shop To Earth, the company has started an “official” blog. The blog tells readers next to nothing, but is a place for STE brokers to high-five each other about the company.
Continue reading...Thu 13 Nov 2008
More gifts from the government for the financially irresponsible
From Loren Steffy at the Houston Chronicle:
Continue reading...Wed 12 Nov 2008
There’s a deficit in a budget we haven’t even created yet!
I have plenty of gripes about politicians. Probably my biggest issue is their widespread inability to live within their means… that is, create a budget that works based upon the tax dollars coming in. Less money coming in means that less money should be spent. It’s not a highly complicated concept. It’s just basic math.
Continue reading...Mon 10 Nov 2008
Credit card company bailout next?
Earlier today I wrote an article on WalletPop.com about the ever-growing bailouts being handed out by the federal government. Specifically, I’m a little ticked off by the AIG bailout, which was at $85 million about a month ago, and now sits at $150 billion. (Yes, that’s almost double.) I suggested that the insurance industry and credit [...]
Continue reading...Mon 10 Nov 2008
ShopToEarn broker earnings watch
ShopToEarn reports that it has 45,000 “members.” I am interpreting that to include website owners, business builders, and brokers. Of those members, 10,000 of them, or 22% will be paid a commission on November 21st for October activity. That means 78% of people have earned no commission (despite claims that everyone can make money in [...]
Continue reading...Mon 10 Nov 2008
ShopToEarn: Don’t talk about actual money!
ShopToEarn and ShopToEarth recently communicated the following to its members: Talk about how many times you’ve SCORED! and not about how much you’ve earned! Based on advice from Counsel, it is very important that we focus on how many times we’ve SCORED! as opposed to the money that thousands are earning. Please make sure [...]
Continue reading...Mon 10 Nov 2008
Carnival of Fraud - November 10, 2008
Welcome to the November 10, 2008 edition of carnival of fraud. Moneywalks presents Credit Report and How It All Works posted at moneywalks. Kirby presents Are you stupid for paying your mortgage? | Kirby on Finance posted at Kirby on Finance. Leon Gettler presents Financial ethics and the meltdown posted at Sox First, saying, “What does the implosion [...]
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.
18 Nov 2008 Featured Article
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