Traveling Pyramid Scheme targets US consumers - Roger Hamilton and the XL Results Foundation pte ltd
A traveling pyramid scheme that has done the rounds in Asia Pacific will hit consumers in the USA this coming week.
Individuals of the local business community are warned to do due diligence when dealing with XL Results Foundation pte ltd operating out of Asia 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 the USA on a five city tour to fund the cash strapped company facing massive global refund requests:
New York, Monday 25th August
Los Angeles, Tuesday 26th August
San Francisco, Wednesday 27th August
Las Vegas, Thursday 28th August
Phoenix, Friday 29th August
During the brainwashing event Roger 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 shame faced with no legal recourse.
XL Results Foundation targets easily manipulated individuals who do not do due diligence.
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: [email protected]
To find out how the scam works check out this blog:
Steve
London
United Kingdom
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