True Value Savings, a recently launched venture, lists its corporate address as 2201 Cantu Court, Suite 102, Sarasota, Florida. This specific location previously housed the defunct World Consumer Alliance (WCA) Ponzi scheme. The direct link between the new company and a known fraudulent operation raises immediate questions about True Value Savings' founders and business practices.
Teresa Mongar, a co-founder of True Value Savings, has a documented history with recruitment-heavy pyramid schemes. Her past includes involvement with one of the largest multi-level marketing Ponzi operations ever recorded. Debbie Miles, the other co-founder, previously held affiliate memberships with several MLM companies, including LifeVantage, a dietary supplement marketer, Scent-Sations, which sold candles, and Amega Global, a firm known for marketing "magic wands."
The address provided by True Value Savings, 2201 Cantu Court, Suite 102, Sarasota, Florida 34232, still displays the prominent World Consumer Alliance logo on its suite door. There is no visible signage for True Value Savings at the specified location. This absence of new branding at a listed corporate headquarters, alongside the lingering presence of a known scam's identity, complicates the new company's public image.
Blaine Williams launched the World Consumer Alliance in September 2012. It began operating as "Wealth Creation Alliance." The scheme directly targeted investors who had lost money in Zeek Rewards, a massive Ponzi operation the Securities and Exchange Commission (SEC) had shut down just one month earlier, in August 2012. WCA solicited $2 deposits from participants, promising a $3.25 return on investment.
About a week after its launch, the scheme changed its name to World Consumer Alliance. The micro-Ponzi model, characterized by small, quick returns, collapsed by early 2013. Williams then relaunched WCA in May 2013, shifting to a monthly subscription model. However, affiliate investments remained the primary source of revenue generation for the new iteration of the scheme.
The World Consumer Alliance website remains online today, but the scheme itself ceased operations long ago. The SEC and other regulators have consistently warned against such schemes, which rely on new investor money to pay off earlier investors rather than generating revenue from legitimate product sales or services. This financial structure makes them unsustainable and illegal.
The appearance of a new business, True Value Savings, at an address so clearly tied to a collapsed Ponzi scheme, particularly with the former scheme's branding still present, prompts further scrutiny. Neither Teresa Mongar nor Debbie Miles has been publicly linked to Blaine Williams or the World Consumer Alliance in past reports. The exact nature of the connection to the former occupant remains unclear.