Eric Worre has been in the spotlight of late for
recruiting people into Traders Domain
, a half billion dollar Ponzi scheme.
This followed Worre signing on with OmegaPro corporate and publicly endorsing the Ponzi scheme, which was tied to Traders Domain.
Both OmegaPro and The Traders Domain collapsed in late 2022.
Earlier today, Worre uploaded a YouTube video titled “
Eric Worre Responds to Critics
“.
I was expecting Worre to address his stealing of millions of dollars through The Traders Domain and receipt of stolen investor funds through OmegaPro.
Instead I got nine minutes of excuses, lies and misdirection.
The overarching problem of Worre’s “response” is his refusal to acknowledge Ponzi schemes and securities fraud.
Instead, after trotting out a long list of MLM companies (at least two of which are/were MLM Ponzi schemes engaged in securities fraud), Worre misdirects with pyramid scheme rhetoric.
[3:04] Some critics like to say, “Well this company was obviously bad. Or obviously a pyramid. So you should have known better, and you shouldn’t have given it any credibility by being a trainer for them in the first place.”
Here’s my position on that;
If I made it a criteria to never speak, train or consult for a company that was ever accused of being a pyramid, then I’d never speak at all.
Because every single company in our profession has been accused of being a pyramid at some point or another. Including yours.
It’s a cheap and easy accusation from outside critics.
[4:20] Some people like to say. due to my position in the profession, that I should speak out against specific companies, that in their opinion aren’t legitimate …
[4:44] I decided not to do that. For two main reasons.
First … there’s many companies that lived in a grey area for quite some time, before making the proper adjustments to legitimacy.
[5:22] The second reason I don’t put companies on blast, is we already deal with so much misunderstanding and negativity in network marketing from outside sources.
I wanted, from my heart, to come from a position of encouragement instead of criticism. I decided that in the end, the market will decide who succeeds and who fails.
While it is true all MLM Ponzi schemes also operate as pyramid schemes, Worre is right in characterizing pyramid scheme due-diligence as a grey area.
Not with respect to the law, which is clear cut and has been for some time, but with respect to due-diligence.
Establishing whether an MLM company is a pyramid scheme is a complex recipe of compensation, marketing, products, backgrounds and financials.
The latter the public doesn’t get access to, so we have to work with what’s available.
With respect to BehindMLM’s reviews, for example, unless I see something that definitively defines an MLM company as a pyramid scheme, I’ll write in probabilities rather than certainties.
Worre’s misdirection here lies in him feeling the heat, not for failing to recognize pyramid schemes, but for stealing millions t
🤖 Quick Answer
Who is Eric Worre and what are the allegations against him?Eric Worre is a network marketing entrepreneur who promoted Traders Domain and OmegaPro, both companies that collapsed in 2022. He faces allegations of involvement in Ponzi schemes and securities fraud, having recruited individuals into these ventures and received funds from defrauded investors.
What was Traders Domain and OmegaPro?
Traders Domain was a half-billion-dollar investment scheme, while OmegaPro was a corporate entity that collapsed alongside it in late 2022. Both were reportedly operating as Ponzi schemes, attracting investors through recruitment networks and MLM-style structures before failing catastrophically.
How did Eric Worre respond to the fraud allegations?
Worre released a YouTube video titled "Eric Worre Responds to Critics." However, the response reportedly consisted of excuses, misdirection
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