I, had bought 1000 shares in VGMC 7 months ago after a VGMC Distributor in UAE showed me that VGMC was paying out 10 % per month on one's investment. I, unsubscribed all my shares after 3 months.
He also tried to get me to promote the business by soliciting more investors. I, refused as I had serious doubts that it was a scam and I had to convince myself that VGMC was truly paying the 10% out and it was not just on paper.
Three months ago I tried to withdraw the funds without any success. I have send numerous emails and the standard response is " We have informed our banking dept". There was also another individual with the same problem as the response from VGMC came to my mailbox by mistake.
There will be a lot of negative comments, as these distributors are making most of their income by luring innocent people who must have borrowed the funds.
As for myself, I am a veteran Network Marketer having been in the industry for the past 16 years and I just wanted to prove that VGMC was a SCAM, which has been proven, by them not sending my funds.
If you diehard VGMC loyalists want proof that I did not get back my funds, then feel free to contact and I will provide my ID. Also, I have followed all VGMC instructions on withdrawal.
I, love Network Marketing and I have made Millions but it is very sad when firms and distributors collude to scam innocent persons. For me, it does does not even make a dent but to others, it is a dream being stolen.
I, intend to involve the UAE authorities by taking them to the VGMC office and identifying the top distributors and their meeting locations.
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