MyEcon Review [Is MLM Legit Or Scam?!]

You don’t expect a real Return of Investment (ROI) upon joining the company. First of all, the program itself can be learned through attending seminars or reading simplified versions of financial books.

You have many ways to learn those without really spending more money for the sake of learning these concepts. Second, the executives don’t have a real product except selling the concept alone. 

Before MyEcon existed in 2005, the founders, Stokes and Curry, were once related to Maxxis Group, Inc., which has the same structure as the former.

However, it faced its tragic end in 2000. As per the complaint filed against them, it stated, "The Defendants disregarded their fiduciary duties to Maxxis and its creditors and instead promoted their own financial interests as Maxxis' equity holders...by engaging in egregious acts of misconducts which further impaired Maxxis' financial condition."

Granted, why do you want to learn financial education from persons who were responsible for the company's demise? It's not only out of irresponsibility but from "egregious acts."

This is in relation to the previous point though. Prior to MyEcon, the same people, Stokes and Curry, once built Maxxis for the same purpose.

Five years, they threw away the latter and built a new company to lure naive people and take advantage of it.

I reviewed a lot of Multi-Level Marketing Companies and most of the legit ones sell real products. Like the members could hold onto something and see themselves the physicality of it.

Yet, we can’t avoid those who are confident enough to recruit members to sell concepts. One of those is VOLO, selling spirituality and KidsGetMoney.Co, selling make-money schemes. The same thing as MyEcon does to its target market. There are no real products.

Of course, this is certain. Aside from the non-disclosure act from the company’s behalf with its exact compensation, there’s no need to analyze the returns.

Certainly, you’d get nothing from the company. You can’t gain anything right when you merely sell concepts and recruit members in hopes of earning commissions from it.

As I mentioned earlier, you won’t have any physical products to sell except concepts. This is why the need to increase your personal sales is considered a necessity to continuously generate income in your account.

Otherwise, you’d lose your chances of getting your money back simply because you can’t sell any of their items to prospect clients.

This is quite surprising though. As much as the negative connotation of MyEcon goes forward, the Better Business Bureau (BBB) shows a contrasting report.

Apparently, they earn their accreditation status and an A+ rating from the platform without questions asked. That means, the company satisfied them with the sufficiency of the records. 

This is another surprising thought, too. Aside from the accreditation status and an outstanding BBB rating, they also have fewer complaints recorded on the same platform. For 14 years in the business, they only have 29 complaints filed against the company.

We are all aware of how complex it is to understand any financial-related concepts. Thus, having MyEcon as the way to learn these as comprehensive and as detailed it could is beneficial. Especially if they made so much effort to explain these in layman’s terms.

Though you won’t sell anything or go through failure in increasing your income in the company, you still benefit from the important lessons from them for your future endeavors: your plans for achieving financial independence possible.

Most of the blogs I have read tackled the same thing. MyEcon is a scam. Before I make my conclusion here, I dug into the people’s first-hand experiences with the company and how they came up with a thought about its schemes.

Ethan Vanderbuilt referred to the founder’s previous bankruptcy that led to their former company, Maxxis, and its demise in 2000 due to their irresponsibility.

Given, it’s easier to judge the fate of MyEcon through examining the legibility of its leaders. In fact, it’s also noted that they joined forces with another shady company, Novae. 

Another thing to consider is that it does promote more on recruitment due to the infinite levels deep compensation plan. However, it doesn’t guarantee the members more commissions, apparently.

"They do not offer information that verifies people make any significant amount of money by participating their business opportunity," Ethan Vanderbuilt wrote on his blog.

However, another blogger contrasted this idea. Albeit the caution needed before you join the company, SEO Spark disagreed that it’s a scam.

Jerry Huang of Smart Affiliate Success told the same thing. But he doesn’t recommend the company and its program to others for a legit income opportunity.