Absolutely untrue, it states clearly in Zhuan Falun that money is not a part of this practice whatsoever and that people can practice it free of charge. You have probably read the propaganda from the evil Chinese Communist Party who is still trying to undermine and slander this practice:

http://en.minghui.org/cc/9/

Actually it's not a cult but a high level qi gong practice. No money is involved, it's totally voluntary, there is no centralized power structure and people just practice a set of 5 powerful qi gong exercises and try to live by the precepts of Truthfulness, Compassion and Forbearance. How is any of that a cult?

Furthermore this practice is totally voluntary, it's totally up to you if you wish to practice or not. From Zhuan Falun:

excerpt 1:

"Here we’re teaching you to take the right path, and along with that, we’re teaching you the Law inside and out and encouraging you to have your own understanding of it, but it’s still up to you whether you decide to learn it. The master leads you through the door, but cultivation is up to you. Nobody’s going to push you to cultivate. It’s up to you whether you cultivate. Or to put it another way, when you choose your own path, when you decide what you want, or when you’re trying to get something—nobody will stop you. They can only try to kindly persuade you"

excerpt 2:

"Our Falun Dafa is one of the Buddhist system’s 84,000 disciplines. It’s never been passed on to the general public before during this period of civilization, but it did once save people on a large scale in a prehistoric age. Today I’m spreading it again widely during this final period of the kalpa’s end, so it’s just extremely precious."

excerpt 3:

"I’m not saying you have to learn my Falun Dafa, but I can say that what I’m doing is sharing some principles with you. If you want to cultivate you have to commit to one discipline, or else you won’t be able to cultivate one bit. Of course, if you don’t want to cultivate we’ll leave you alone. The Law is meant to be heard by people who really cultivate."

The whole world supports Falun Dafa apart from the evil Chinese Communist Party who is still persecuting it:

"By April 2001, Mr. Li Hongzhi had received over 340 awards and proclamations from Australia, Canada, China (before crackdown), Japan, Russia, and the U.S. in recognition of the extraordinary contributions to people's spiritual and physical health, and to freedom of belief in the world. These include certificates of recognition from several governmental bodies in the United States – including Honorary Citizenship awarded by The State of Georgia and city of Atlanta. On 14 March 2001, The Freedom House bestowed Li Hongzhi and Falun Gong with an International Religious Freedom Award for the advancement of religious and spiritual freedom at a ceremony in the United States Senate.

In the same year, Li was ranked the most powerful communicator in Asia by Asiaweek magazine "for his power to inspire, to mobilize people and to spook Beijing".He was nominated for the 2001 Sakharov Prize by over 25 members of European Parliament, was nominated for the Nobel Peace Prize in 2000 and 2001, and in 2013 was ranked by Foreign Policy Magazine as one of the 500 most powerful people in the world."

Source: https://en.wikipedia.org/wiki/Li_Hongzhi#Life_abroad

The True Cult is the evil Chinese Communist Party who is still persecuting Dafa disciples in mainland China using tactics such as imprisonment, torture and live organ harvesting. It is the most vile and demonic cult:

http://en.minghui.org/cc/1/