Hi everyone,

My little cousin has been sucked into WFG. I was talking to him about how its a pyramid scheme and you only make money if you get people under you, and he was arguing it is the same as if you own a real estate brokerage and make royalty off people you hire.

I let him come over with his "mentor" and explain everything, and they were explaining how TFSA and RRSP are taxed, and their product isn't and it is great for all Canadians. This guy was also flashing his bank account saying how much money he is making and if it wasnt legit, how would he be making all this money?

How do I explain to him that this is not a great company to work for and he will probably not be making much money?