Michael says:
October 20, 2010 at 10:10 am
I think Trey’s net worth is very relevant and should be made public.
Why?
Because if you do any research on Evolv – you will see that more than the product “Billionaire Trey White” is being marketed. Trey is profiting from a myth that he is a billionaire and using the credibility that comes along with that to sell VERY EXPENSIVE water. Trey is aware people believe…and he knows that it is a reason for people to become a part of Evolv. And he is not doing enough to clear up the misconception. Anyone who does not think this is a big deal isn’t thinking about it in terms of fraud.
So for me, it’s a fair question “how much of a fraud is he”?
Is he worth 800 Million and so he’s practically a billionaire? Is he worth 50 Million? This question needs to be answered.
Reply
http://www.realscam.com/f9/trey-whit....html#post4083
- Troy says:
October 20, 2010 at 8:21 pm
Michael,
Thanks for sharing your thoughts and opinions.
Why is Trey’s network any more relevant than any other shareholder of a private company? Part of the greatness of America is our ability to maintain some form of privacy.
Now, it is easy to see through his VC firm that he does have access to millions of dollars, and based on the Evolv website it is clear he is NOT a billionaire, although most of us knew that long before the company launched. I’m just not clear on why his personal net-worth is relevant.
With a little due diligence we may find trey White doesn’t own any of evolv or evolv’s parent company if it has one. Based on Trey’s own words, he does not do business in his personal name, he uses corporate entities, which is common among entrepreneurs, especially those who are in real estate.
Seems, what would be more important is to know who the equity partners are, and if there are any other VC firms besides Trey’s involved in the company. Something else that is far more important than Trey’s personal net-worth is who is the true owner of the formula, and how long does Evolv have the license agreement for.
Evolv is not the ones marketing “Billionaire trey White” Although like many companies they allowed the hype to go on way to long, they were clear on the website as to the facts. If we are going to lay blain or point fingers, then you had better call in the top leaders who propagated the story to their organizations.
Now as for the “Very Expensive” Water. That is truly an old story that doesn’t hold “water” pardon the pun. Ruth Chris restaurant charges $9 on average for a bottle of water. Now that could be called expensive. However some folks would also say a Rolex is expensive.
The price of any product is going to be priced to sustain the compensation plan, profit for the company, cover the cost of manufacturing, and in some cases future R&D. At the average retail price of $2.70 per bottle, that is still cheaper than an average cup of starbucks coffee which is not as good for you as Evolv water.
Now back to the main topic… Trey. From day one I have warned folks about over hyping Evolv. Why didn’t you and others heed my warnings? Now that a couple of large teams leave to go elsewhere people all of a sudden want to cast doubt based on the over hyping. Is it fraud, or is it Texas. We all know everything is bigger in Texas.
Show me some evidence that trey White, Brent Hicks, Evolv corporate ever stated in writing, video or live and in person Trey was a billionaire? Not to say Trey did not allow others to say he was one!
But let me ask you and others this question. Why didn’t you do the due diligence before joining? Who were you following (if you are a rep or were a rep) who told you he was a billionaire.
See my point is not to make Trey out a saint. It is to show everyone who has ever stated “trey is a billionaire” is just as much to blame.
It took me less than 3 min to see Trey want not close to being a billionaire. And I know countless of others who are not a part of the company who also knew this and stated the facts.
This is no different than all the companies in the world who tell folks “we’re debt free” right up to the time their file for bankruptcy. It wasn’t fraud, it was how what was said was interpreted.
When folks build any direct selling business around the money story instead of around the product, this is what happens.
Reply
- Michael says:
October 20, 2010 at 9:04 pm
The point is that Trey has knowingly PROFITED from a myth about him being a billionaire. Google Evolv and you will see that the majority of people promoting Evolv were touting Trey’s false Billionaire status.
If you don’t get why that is fraud, or a problem – you’re obviously too invested in this MLM to objectively look at yourself.
Reply
- Troy says:
October 20, 2010 at 9:28 pm
Michael,
You have just made a subjective statement with not basis of validation. Where do you get that “Trey has profited” from the myth?” Seriously, Evolv is not close to a profit. They may be cash flow positive, but the amount of money that has flown out of Evolv, there is not one equity partner that is close to getting their investment back, or anything close to a profit.
And any respectable business person doing business with Trey and Evolv already know this was all hype made up by over zealous distributors.
I am no no way promoting the myth or condoning the actions of these distributors. But it is this continued fixation on Trey White that is the problem from both the critics and the zealous distributors.
If you want to put an end to Trey White and Evolv, then stop focusing on trey and find out if the formula inside of the water is real of fake.
And, as I stated already, show me the evidence Trey WHite and company every specifically stated he was a billionaire. I am not trying to trick you in requesting this information. I ask this, because I am so invested in direct sales. By the way there is no such thing as an MLM company, that is just common talk. MLM and/or Network Marketing (they are different) are compensation structures used by direct selling companies. The true designation is Direct Sales as recognized by the IRS. Just so when you write in other communities, you can be one up on the people you will be debating.
Ok, back to the topic. Morally, you and others may see this as fraud. A court of law will not see it as fraud, because Evolv has publicly made it clear on the website trey is NOT a billionaire. And they have reprimanded, through their compliance office folks for this lie.
Again, I have been very clear from day one, this was false. So this is not a new story, many other insiders called the reps out on this.
Again, if you want to push fraud, then you need to prove the formulation is a fraud. the company is built around the formulation, and that is what is being sold.
Reply
- Michael says:
October 24, 2010 at 8:08 am
Sir, you are stupid. You do not know who I am, or what my connection to Trey White is. And for the protection of someone, I am not going to share that with you.
Trey knew people were joining to the business because of the Myth of him being a billionaire. Trey benefits (profits) when people come to the business. To suggest Trey has not profited because the business is not yet profitable is truly one of the most idiotic things I have ever heard.
There are just a million and one reasons why what happened is NOT ACCEPTABLE and should be a MAJOR RED FLAG to anyone considering joining. I’m also confident that a court would see this as fraud. Trey has not done enough to explain or acknowledge what happened.
How dare you blame over zealous distributors? They were over zealous IN FRONT of Trey and he didn’t correct it. Virtually every website or blog about Evolv talks about Billionaire Trey White – and all he can do is add a “no, i’m not a billionaire” to an FAQ AFTER HE WAS FOUND OUT!?! Give me a break! I don’t buy miracle water from frauds and phoneys. Maybe there is an FAQ that says “this $55 a case water doesn’t do anything”.
I won’t be reading your response to this. You really need to ask yourself why it’s ok with you that Trey (who has been selling himself more than the water, watch the videos) would let this myth flourish. You really think he’s an honest person?- -------------------------------------------------------
There is one of many posts with the video of Trey White grinning like the moronic idiot he is while his rep pats him on the back and introduces him as a multi-billionaire. Trey answers with how that guy is going to ask all the hard questions. So, Troy Dooley don't tell us Trey White isn't directly responsible for originating and perpetuating that lie. More glaring proof that this industry is populated with liars and cons.
As to it being fraudulent, well, try going to court with a bench trial or jury trial and attempting to explain that away. If the victims relied on that information and that induced them to pay into this obvious scam, then it could very well lead to victory for the plaintiff / plaintiffs. Companies and upline reps should be very careful what representations they make to potential marks. If those representations end with money changing hands it ain't going to be pretty for the defendant / defendants.
http://www.pyramidschemealert.org/PSAMain/news/AmwaySuedasPyramidScheme.html
FTC declarations have stated that if the majority of the money used to pay the "upliners" is gained primarily from the purchases of the downliners – not from their retail customers – the payments are de facto payments for recruiting. In such cases, the "business opportunity" is not to sell the MLM products but to recruit others into the "business opportunity" in an endless chain. Endless chains are considered "inherent frauds" since they cannot deliver on their promise of income to any but a few at the top; the vast majority are doomed from the start to financial losses; and the schemes must use deception to lure consumers into nearly certain financial losses.
The FTC also says:
Your Responsibilities
If you decide to become a distributor, you are legally responsible for the claims you make about the company, its product and the business opportunities it offers. That applies even if you're repeating claims you read in a company brochure or advertising flyer. The Federal Trade Commission advises you to verify the research behind any claims about a product's performance before repeating those claims to a potential customer.
In addition, if you solicit new distributors, you are responsible for the claims you make about a distributor's earnings potential. Be sure to represent the opportunity honestly and avoid making unrealistic promises. If those promises fall through, remember that you could be held liable.
Soapboxmom
Bookmarks