Not happy with cheating hundreds of expats out of their hard-earned retirement money by promising high-yielding bogus investments, De Vere is a world-class scammer of unsuspecting new financial consultant recruits.
The recruits are treated to a glossy 'recruitment presentation' and encouraged to ignore all negative postings on the Internet about De Vere scams. Then they are promised the world if they come to work for De Vere:-
Â£100K to Â£500K in more or less guaranteed fees
Freedom to work at any De Vere offices worldwide
Free training to qualify as Stockbrokers
De Vere-covered visas and 'assistance' with relocation.
Sounds like a dream? Well, it is - a nightmare! Here is a reality check:-
You will probably earn around Â£50k to Â£80K gross from which you will have to deduct:-
a) 20% of your income for your secretary/ co-ordinator;
b) 50% of her accommodation will need to be covered by you;
c) You will need to pay ALL her travelling and relocation expenses (could be expensive, if she is not your wife!);
d) you will need to pay your share of office expenses and ALL costs of your office telephone bill;
e) you will need to cover ALL your relocation and visa processing costs - they will give you no help other than a letter saying that they have offered you a job as an independent;
f) to get to your De Vere office, expect to have at least Â£20k saved up - you will need it in your first two months;
g) be prepared to wait and wait for your commissions and be prepared for bulls**t after bulls**t why it is delayed!
h) be prepared for prospects cancelling appointments after reading up about De Vere scams on the Internet and be prepared for De vere to blame you for that (isn't life a b**ch?).
To find out more about what you are in for if you are *** enough not to listen to what other ex employees have to say about them on the Internet, read the attachment. It has notes on the standard offer letter you can expect from these scammers.
De Vere is in for a name change for sure - why not "BEWARE!"