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Php agency mlm2/16/2024 ![]() ![]() 10, 2022).Ī local news station in Memphis inquired into the better business bureau about whether PHP Agency was a pyramid scheme, and the spokesperson for the BBB called it an MLM. The line of Associates below a particular Associate is known as that Associate's “downline organization.” The downline organization typically works in an office that is owned or leased by a well-established Associate, who PHP refers to as a Principals, and serves the geographic area in which it is located." PHP Agency, Inc. These independent distributors are called Associates and earn commission on their own sales as well as on the sales of Associates aligned beneath them. Martinez, the court made the following factual finding regarding PHP Agency's structure: "PHP is a life insurance company structured as a “Field Marketing Organization,” which means PHP markets and distributes its insurance products through independent distributors. Obviously I can't see his financials, but I would be shocked if he didn't use funds from PHP to at the very least start Valuetainment, evidenced by the speakers / crossover above.Įdit 3: I didn't think there needed to be much more evidence of PHP Agency being a MLM, but here it is. These are dated 2019, so there is at least a connection between Valuetainment and PHP at that point. That seems creepily close to PHP Agency's life insurance sales model, though I'm too lazy to do any more digging.Įdit: Just to show the connection, some of Valuetainment's largest speakers were Jordan Peterson and Kobe Bryant who were interviewed (and presumably paid by PHP for their services) at a PHP Agency convention. Thoughts, DGGers? Apologies if someone has already posted about this, I haven't seen it though.Įdit: Sosnick worked/works? at some corporation that bills itself as selling life insurance policies for older policy holders. Say what you will about Destiny, but he generally lives his values, and I would assume that using his value system he isn't fond of people running barely-legal pyramid schemes. I'm curious what Destiny's thoughts are considering he goes on Valuetainment quite a bit. ![]() However, it takes a dogshit human being to prey on people the way that a creator of a MLM company does considering their greatest allure is almost certainly to working class and poor people / people who aren't that sophisticated in the business world. This is not necessarily an indictment of Sosnick because I don't know if he was involved in PHP. Here are links to show what I'm talking about. The reality is, he was just a big-time scammer. To make things worse, PBD has claimed many times he has a "business" background in "insurance" when he is on shows. The numbers are damning: more than 95% of their "agents" who sell life insurance using their methods make less than minimum wage. To cut to the chase, Patrick Bet-David is the founder of PHP Agency that runs using a multi-level marketing scheme. So I was watching Coffeezilla, and I stumbled upon an MLM named "PHP Agency" that sells insurance.
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