Hubert Humphrey is the founder of several multi-level marketing financial services corporations in the United States. Multi-level marketing (MLM) (also called network marketing (NM)) is a business model which utilizes a combination of direct marketing and franchising. ... Financial services is a term used to refer to the services provided by the finance industry. ...
Companies that he formed include Global Equity Lending, Global Realty Marketing, National Lending Corporation, World Marketing Alliance, World Leadership Group, and World Lending Group.
World Financial Group is also known as WFG (Aegon), Global Preferred Holding or World Leadership Group formally World Marketing Alliance or WMA.
References
Feldman, Amy; Regnier, Pat. 'Hubert The Great ', Money Magazine, May 2000 Vol. 29 Issue No. 5
Early in the year 1978, S. HubertHumphrey, as an agent servant to or representative of A.L. Williams, came to the Plaintiffs and represented to both of them that A.L. Williams was a company which operated through a pyramid scheme of marketing.
Humphrey told the Plaintiffs that this marketing scheme was "dynamite" and that they would expect to become extremely wealthy if they would go to work with A.L. Williams and work hard at this pyramid sales scheme.
Humphrey told the Plaintiffs that they would become entitled to these commissions or overrides for the rest of their life and that in a few short years they would become independently wealthy.
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