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Traveling Pyramid Scheme targets Hong Kong – Roger Hamilton and the XL Results Foundation pte ltd
Business community warned to do due diligence when dealing with XL Results Foundation pte ltd (Registered in Singapore Company registration: 200107729C) www.resultsfoundation.com operating a multimillion dollar global Get Rich Quick Investment Scam and Charity Scam.
Warnings against the cult have been issued globally by bloggers, consumer associations, consumer activists, whistle blowers and news media revelations.
Pyramid Scheme operator, Roger Hamilton, Chairman of XL Results Foundation pte ltd will hit Hong Kong from the 9th August to the 11th August at the following venues: Pacific Place Conference Centre & Harbour Plaza Resort City from 9am to 9.00pm.
During the three day brainwashing event Hamilton will attempt to extract USD $12, 000 from attendees for an XL life membership into a bogus business networking scheme that bilks would-be entrepreneurs for membership money while providing them with non-existent training and networking opportunities.
After parting with thousands of dollars, gullible consumers are left empty handed and red faced with no legal recourse.
XL Results Foundation pte ltd has been under international media scrutiny after 150 Singaporean members of the scheme demanded a refund claiming they were duped and cheated by the Chairman of the company, Confidence Trickster Roger Hamilton. Disgruntled members have been advised to lodge complaints with the Consumer Protection Agency.
Allegations against the company include XL Results Foundation’s revenue source is from the constant recruitment of members into the scam a classic pyramid scheme structure. Members allege the company is using life membership fees to block legal requests for the full detailed company accounts in a bid to protect the scam from exposure.
(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.
Co-ordinator of the Asia Pacific community petition against XL Results Foundation in Singapore can be contacted on email: [protected]@rvmediaworld.com
To find out how the scam work check out this blog:
http://blog.datamanagementsolutions.biz/2008/06/shonky-operator.html
Related Links:
• http://www.brisbanetimes.com.au/articles/2007/05/30/11802053...
• http://blog.datamanagementsolutions.biz/2008/06/shonky-opera...
• 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.bizop.ca/blog2/complaints-and-investigations/xl-results-foundation/
• http://www.pyramidschemealert.org
Consumer Update - 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.