WorldVentures is stamped as a Pyramid in Norway and been asked to close down within 2 weeks from today.
Below is a Google translation of the Norwegian report:
Published: 24 February 2014
Pyramid Gaming Board has concluded that the company WorldVentures drives an illegal pyramid in Norway. The company has been given two weeks to discontinue all sales activities in the country.
World Ventures company membership in a travel club that will provide discounts on vacation residence in the world. Holiday will be sold through the company Rovia.
Commissions and bonuses
World Ventures also offers sales representatives. The company's sales representatives receive commissions and bonuses when the company membership. In addition, the commissions of memberships sold by other sales representatives on the level below in a pyramid structure.
At the end of May 2013 had WorldVentures 3,654 members in Norway. About 95 percent of the members were also sales representatives.
A review of the case shows that it costs approx . 6,200 Norwegian Kroner to be both sales representative and member first year. Over the next few years cost the same approx . 4,000 Norwegian Kroner respectively. Figures from World Ventures shows that the average was sold for about 500 Norwegian Kroner per membership in 2012.
Gaming Board concludes that World Venture 's activities in Norway is an illegal pyramid game because revenues almost exclusively come from recruiting members and not the sale of travel residence. The Authority considers therefore activities are a violation of § 16 of the Lottery Act which prohibits creating, conducting, participating in or spreading pyramid game or similar system.
Tips from the public
WorldVentures is an American company that has been established in Norway since October 2010.
Gaming Authority opened the supervision of the World Ventures in 2013. The reason was that the Gaming Board received a number of tips and questions from the audience about the company where among other things, was questioned by signs on the sale of travel was the real source of income of the company.
World Ventures has received a notice to cease sales activities in the country within two weeks. If not what happens, the Gaming Board decide on suspension injunction.