Founded in 2004 by Parimal Naik and Michael Toloff, Financial Education Services Inc. (FES) operated as a multi-level marketing (MLM) company based in Michigan. Its core product was the "Protection Plan Membership," which bundled services including credit repair, credit monitoring, identity theft protection, and various financial planning tools. The company primarily grew by recruiting agents to sell these memberships and to recruit new agents in turn. FES was eventually rebranded as United Wealth Education. In 2022, the U.S. Federal Trade Commission (FTC) filed a lawsuit against the company, its owners, and its successor entities for operating an illegal credit repair business and a pyramid scheme.

Founded in

United States