The above was written in response to a 2008 blog entry elsewhere by “The Jubilee Project”, who presented themselves as a group of agents. We now know that it was just one agent – Jaime Buckley.

In 2009, Jaime Buckley lost his family home to foreclosure.

In the months preceding this, he moved from UFirst to a competing mortgage acceleration MLM called WeXL. He also dabbled in other MLMs, including Dubli (think eBay in MLM form) and TruChocolate (magic weight loss chocolate). UFirst sued Jaime for his comments about his move to WeXL.

The moral of the story is that there are victims all over this and other MLMs. I don’t consider Jaime a victim, because he fronted scams. But I feel for his wife and kids, and I just wanted to say that MLMs sell false hope for easy money, “residual income”, “passive income”, or whatever they decide to call it next week. Tracy has provided a good service here, and links to other good resources about MLMs.

Don’t be stupid and join an MLM like this. You will lose money, you will lose friends, and you could lose your home.

“Our software is educational and eye-opening. People will start making more educated purchased and will be able to review the ‘True Cost’ of their purchases. My Dad is now using the software and had re-financed is home a few yrs ago for renovations. He had a 25 yr mortgage. ($248,500) and would’ve paid $200,760.29 of interest. By using our software, he is now scheduled to pay off his home and the HELOC in 5.4 years,and will save over $162,000 of interest. Meaning we have reduced his amortization by 19.6 yrs!

He did not change banks
His mortgage payments didn’t change
His household budget or expenses did not change. ”

Basically, she makes outrageous claims and refuses to back them up. it’s what she does. She’s the Canadian Jennifer Hartman.

There is a UFirst “Fan” group on Facebook. On their “Wall” (comment board), Kevin Miller of Winnipeg, MB wrote:

“Hello everyone, I have been doing some research on UFF and the money merge account however can’t find any real proof as to the math and how it is beneficial as opposed to other methods of rapid mortgage repayment. Could someone please enlighten me….send me a message.

Thanks”

Agent Michael Chase replied:

“Kevin Miller it is called fractional math! UFF is not saying you cant do this yourself, it is just that you will not have the time to do it. My wife and I are taking our 26.5 years of debt down to 6.75 years with version 4.

Send me your email address to mschase1@(REMOVED) and I will send you the fractional math possibilities so you can understand”

The MMA v4 – now with Fractional Math. I can not make this stuff up.

Of course you can use it.