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Consumers are warned to do due diligence when dealing with Roger Hamilton and XL Results Foundation operating a pyramid scheme with the intent to scam consumers.
XL Results Foundation, a travelling pyramid scheme (Registered in Singapore Company registration: 200107729C) which has duped thousands of individuals in Asia of millions of dollars will hit New Zealand consumers on 14th, 15th and 16th October during a breakfast recruitment drive at the following venues:
Tuesday 14th October, The Langham Hotel, 83 Symonds Street. Auckland, 7.30am to 9.30am
Wednesday 15th October at Rydges Christchurch, Corner Worcester St and Oxford Terrace, 7.30am to 9.30am.
Thursday 16th October at Mercure Hotel Willis St, Wellington 7.30am to 9.30am.
Warnings against the cult, XL Results Foundation have been issued by bloggers, consumer associations in the UK, America and Australia and newspaper articles in Singapore and Australia.
XL Results Foundation has attempted to deflect questions by consumers into the company accounts by suggesting the company is the victim of a slur campaign all classic strategies of a scam protecting its interests. Public funds are being used to stave of prosecution.
During the breakfast event Roger Hamilton, Chairman of XL Results Foundation will be attempting to extract USD$12, 000 from local consumers who end up shame faced and empty handed after falling for the Ponzi scheme.
Victims of the scam are advised to contact the relevant consumer protection agencies.
We request the Office of Fair Trade investigate XL Results Foundation and its New Zealand Franchise (who is earning a commission on each consumer signed up to the XL Life membership).
The company's revenue source and the franchise are from the constant recruitment of individuals into the scam. XL also offers a commission to consumers who introduce consumers into the scheme.
Claims against XL include: misrepresentation, misleading statements, false promises, lies to make a quick sale, fraudulent business activities and charity fraud.
(The Federal Trade Commission advises that the practice of getting commissions from recruiting new members is outlawed as "pyramiding."[9]). Pyramid Schemes are illegal worldwide).
Related Links
http://blog.datamanagementsolutions.biz/2008/06/shonky-operator.html
http://www.bizop.ca/blog2/complaints-and-investigations/xl-results-foundation/
http://mingtiandi.com/?p=58
http://www.brilliant4biz.com/category/xl-results-foundation/
http://xlresultsfoundationscam.blogspot.com
http://www.businessesfromhell.com/topic.asp?TOPIC_ID=401
http://www.stuff.co.nz/4287069a6442.html
http://www.pyramidschemealert.org
http://www.brisbanetimes.com.au/articles/2007/05/30/1180205312469.html
Do you guys not have something better to do with your time than going around posting slander on other people's blogs?
"In any large organisation there would be "one or two" unhappy members, but the foundation was quadrupling in size every year which suggested the majority of members found it worthwhile and believed in it. There were about 500 New Zealand members.
Star-Times inquiries show the Commerce Commission has fielded no complaints about the foundation."
Consumer Update - Roger Hamilton & XL Results Foundation collapse
The XL Results Foundation Head Office in Singapore has closed down.
Address: 30 Robinson Road, #02-01, Robinson Towers, SINGAPORE 048546.
Victims of Ponzi Scheme operator Roger Hamilton and the XL Results Foundation scam are advised to contact the Consumer Affairs Department and/or Department of Fair Trade in their respective country.
XL Results Foundation Pte Ltd is owned by a holding company incorporated to a PO Box address in the Republic of Seychelles.
Company Secretary, MARGARET LOH CHUI MEI, 10 Anson Road, #21-07, International Plaza, SINGAPORE 079903.
Warnings against the Ponzi Scheme and cult, XL Results Foundation have been issued by bloggers, consumer associations in the UK, America and Australia and newspaper articles in Singapore, Australia and New Zealand.
More: XL Results Foundation — Pyramid Scheme, Fraud, Scam
http://blog.datamanagementsolutions.biz/2008/06/shonky-operator.html
http://www.bizop.ca/blog2/complaints-and-investigations/xl-results-foundation/
http://mingtiandi.com/?p=58
http://www.brilliant4biz.com/category/xl-results-foundation/
http://xlresultsfoundationscam.blogspot.com
http://www.businessesfromhell.com/topic.asp?TOPIC_ID=401
http://www.stuff.co.nz/4287069a6442.html
http://www.pyramidschemealert.org
http://www.brisbanetimes.com.au/articles/2007/05/30/1180205312469.html