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Duped
New Zealand
1 Posts |
 Posted - Jan 11 2008 : 03:29:12
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Individuals of the global business community are warned to do due diligence when dealing with Roger Hamilton and XL Results Foundation operating a Get Rich Quick Investment Scam and Charity Scam.
In Singapore allegations against the company by the community allege XL Results Foundation pte ltd is operating an illegal business - a pyramid scheme. Mr Hamilton is blocking legal requests for full disclosure of the XL Accounts. If you have been scammed by this company contact the relevant authorities.
http://www.stuff.co.nz/print/4287069a6442.html
Wealth guru hits NZ
By LOIS WATSON - Sunday Star Times | Sunday, 25 November 2007
Allegations of unfair conduct and misrepresentation from dozens of disgruntled clients on two continents did not stop a self-styled "wealth consultant" peddling his wares to hundreds of Kiwis across the country last week.
British-born Roger Hamilton who claims to be "Asia's leading wealth consultant" peppered his presentations with references to connections with powerful celebrities like Oprah Winfrey and former US President Bill Clinton, while trying to extract almost $12,000 a head from those attending his seminars.
But he did not tell those at his Auckland, Wellington and Christchurch seminars last week that his XL Results Foundation is mired in controversy.
The foundation touts itself as the largest entrepreneur network in Asia-Pacific and claims to connect more than one million entrepreneurs and business professionals worldwide.
Life membership costs $US8900 ($11,700), an investment Hamilton, who is based in Bali, says will open doors to a wealth of opportunities.
But it is understood more than 100 Singaporeans who paid up to $US8000 for life memberships over the past two years are receiving refunds after promised business networking opportunities allegedly failed to materialise.
Several legal battles are under way and complaints were filed last year with Singapore's consumer protection and commercial affairs regulators by clients alleging the foundation coaching is of poor quality and the networking services intangible.
Complaints were also filed with the Fair Trading Ministry in Australia where Hamilton, 38, has also been promoting his foundation. Those complaints were investigated but no legal breaches were uncovered.
Hamilton denies any wrongdoing and says the allegations are spawned by a single disgruntled former employee.
At Friday's breakfast seminar in Christchurch, attended by about 100 mainly small business owners, Hamilton continued to extol life membership benefits.
Questioned by the Sunday Star-Times after the seminar, Hamilton said "hand on heart" there was no substance to the allegations against him and his foundation, and that he was the victim of an orchestrated smear campaign.
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.
End: Fairfax Media
Further complaints against XL Results Foundation can be found on www.ripoffreport.com
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Singapore
Singapore
2 Posts |
Posted - Feb 05 2008 : 06:19:50
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Nov 25, 2006 - The Straits Times, Singapore
Unhappy with business network club, These members demand their money back. 40 out of 69 vexed members gather outside club premises
By Tanya Fong
DISGRUNTLED MEMBERS: More than 40 life members of XL Results Foundation outside its Cecil Street office yesterday, including a 13-year-old Singapore boy (second from left in the foreground) representing his doctor father. -- MUGILAN RAJASEGERAN
THEY saw it as a no-risk investment - a way to expand their business contacts and perhaps make some money.
Instead, 40 individuals who bought life membership in an exclusive business networking club gathered outside the office of XL Results Foundation yesterday to demand their money back.
They are part of a group of 69 disgruntled members who claim they were duped by the company's director, millionaire consultant and author Roger Hamilton, who they said promised them the company would buy back their membership at the same price, or at market value.
Instead, members who had bought into the club in order to sell their membership for a profit claimed they were unable to do so. The company, they said, also did not come through on its promise to help them resell their membership.
Although prices increased from US$3,200 in 2003 to about US$8,000 (S$12,400) today, 36-year-old Mr Lai Kum Loon, managing director of a car parts company, said: 'When I wanted to transfer my membership, I was told I had to find my own buyer.'
What is more, members also said they did not get access to the large network of business connections the company promised them.
Among the crowd outside the XL Results office yesterday were five Britons, a Malaysian who came all the way from Malacca and a 13-year-old Singapore boy representing his doctor father, who was at work.
They all wanted to withdraw their membership from the four-year-old operation, which was known formerly Competitive Edge.
The total value of these memberships is about $460,000, more than twice XL Results' reported net profit of $207,612 for the 2005-2006 financial year.
One Singaporean member, Miss Sarah Kong, complained: 'They simply did not provide the contacts of the other members, or those from other countries.'
The club currently has more than 300 life members in Singapore, and about 900 others in 15 other countries.
Membership includes access to the company's training and mentoring workshops in South-east Asia, subscription to its monthly XL Magazine, as well as use of its worldwide networking website.
The complaining members may be on sticky ground, however. Copies of the life membership contracts seen by The Straits Times do not state that the company will buy back life memberships or help find buyers.
Nor is there any clause that says life members have to find their own buyers.
Mr Hamilton, 38, a Briton who is a Singapore permanent resident, is currently in New Zealand on a business trip.
The millionaire, wealth consultant and author of local bestseller Wink And Grow Rich, told The Straits Times on the telephone: 'Today's visit was a press stunt by a group, many are not our members.
'We are looking into this matter. Any member who has concerns can come directly to us and we will look into their request for a transfer and facilitate it.'
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xlresultsfoundation
2 Posts |
Posted - Feb 13 2008 : 22:16:41
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This posting has been created by XL Results Foundation to warn you of anonymous bogus emails and blogs (about XL) posing as consumer associations, press bureaus and/or as our own Life Members.
Since March 2004 XL members and our partners have been hounded by interconnected bogus emails and blogs, alleging wrongdoing of ever increasing proportion. While the allegations continually change, the pattern of engagement has remained the same.
What these emails and blogs look like
1. The emails are aimed to mislead and confuse. They are targeted at the email addresses of our Life Members and partners - often aimed at new targets who are not aware of the history of these emails. Recent emails have addresses such as ?consumer.association@googlemail.com?, ?scamalertconsumer@****?, ?xlcomplaints@****? and have titles such as ?Consumer Association - XL Results Foundation Scam? and ?Scam Alert - XL Results Foundation Pte Ltd?. At last count, over thirty different bogus Google and yahoo email addresses have been set up to send thousands of such emails over the last 2? years.
2. The blogs are posted on blog sites such as wordpage, blogger and more recently on a US site called www.ripoffreport.com. These blogs have equally alarmist titles such as ?Roger Hamilton And XL Results Foundation Pte Ltd, Singapore Community Petition, Scam, Duped, Pyramid Scheme, Charity Scam, Mass Refunds, Deception, Misrepresentation, Cheating Singapore Nationwide? and ?Roger Hamilton + XL Results Foundation Ponzi Scheme, Fraudster, Scam, Duped, Conman, Global Fraud, Misrepresentation?. Like the emails, they have numerous links to the same articles, blogs, etc and they are all posted using fictitious names such as ?Hilton?, ?Logan? and ?Singapore Community?.
The contents of these emails, blogs, and our response
1. The emails follow the same themes in the allegations they make. They range from criminal misconduct to fraud to mistreated customers to financial shenanigans. Many of these are similar to the claims made by an ex-employee who left XL employment in March 2002. Some of these claims are now the subject of a legal case that XL presently has with this individual (this is the second such case that XL has with this individual). The history of this case, the claims and our specific responses to each one can be found here: You can view this at www.xlresultsfoundation-legal-file.com
2. On certain occasions, these emails and blogs have been targeted at the press and have resulted in press articles, which in turn are then mass spammed and blogged anonymously, misrepresenting the stories with headlines and editing designed to spread further alarm and distress. You can find our advisory to the media in relation to this pattern of behaviour here: www.resultsfoundation.com/mediaadvisory1 Members of the press are themselves concerned that their articles are being misused and are also keen to know who is distributing these.
3. While the many general claims are addressed in the two links above, we would also like to address some of the more recent claims here. The first is language conjuring up the image of mass discontent, action by consumer associations, government departments, legal actions and the like. These are all entirely false. XL has never been approached by any consumer association and has not been involved in any investigations by any government department in any country. The only legal case we are involved in at present is the one mentioned above. Apart from the two legal cases (one that is currently ongoing) with this ex-employee, the only other legal case that has ever existed was one between XL?s Chairman, Roger Hamilton and the same ex-employee when in January 2007 she personally filed a magistrate?s complaint for criminal defamation against Mr Hamilton. Significantly, she subsequently withdrew that complaint in April 2007 (after she appointed a lawyer to represent her in these matters against the company and Mr Hamilton, and presumably after receiving legal advice that her claim of criminal defamation was clearly unsustainable).
4. The second recent claim ? of XL being an illegal ?pyramid sales? company ? first appeared as a defense by the defendant?s new lawyer in this case in March 2007 (The argument being that the breach of contract claim against the defendant could be defended if XL could be shown to be operating illegally). XL was issued with interrogatories from the defendant demanding detailed accounts on the basis that it was operating illegally. XL applied to the courts for the interrogatories be withdrawn and the Singapore Court ruled in XL?s favour, ordering the interrogatories to be withdrawn in August 2007. Even so, the emails and blogs continue with these same spurious claims that XL is a ?pyramid sales? company and also that we are ?blocking legal attempts for full disclosure of the company accounts?. You can read our affidavit on the matter, detailing our responses on exactly why XL has no similarities to pyramid sales and the court?s ruling here at www.xlresultsfoundation-legal-file.com
5. The third recent claim ? that there is some kind of ?scam? and thousands of customers ?duped? are all part of the language used to incite alarm. We operate with full disclosure, a satisfaction guarantee on all our major events and XL membership is transferable. XL Results Foundation operates in over 50 cities around the world with members meeting monthly. As with all large companies, we respond to customer requests on a daily basis. We have service centres in Singapore, London and Los Angeles and anyone with legitimate requests, complaints and suggestions have the ability to connect with us freely and easily.
6. The fourth recent claim ? a repeat of earlier claims that XL either does not contribute to charities or is not honouring its commitments to charity are, again, entirely false and absurd. XL?s mission is World Wide Wealth, and the many charity activities within XL, by XL companies and XL Life Members, are documented every month in our various updates, on the website and in XL Magazine and XL Radio. The progress of our XL SEA Program ? our accreditation program for Social Enterprises and a full history of charity activity by XL Companies can be found here: http://www.resultsfoundation.com/index.php?id=66
What you can do
The legal case is due for court hearing sometime in early 2008. In the meantime, we request that you take all these anonymous or bogus emails and blogs with a big pinch of salt. We have also found that a reply to sender requesting that your name be removed from the spam list usually results in one or more personal retorts followed by an end to the spam.
We will continue to be transparent in all aspects of our company, which is dedicated to growing the power of social entrepreneurs to create and contribute throughout the world. For verification or inquiries on all aspects of our global commercial and charitable activities, please contact XL at: legal@resultsfoundation.com
For the lighter side of XL, visit our website at www.resultsfoundation.com and we look forward to seeing you at any one of the events we will run in the coming year.
Posted by XL Group Management |
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scam watch
Australia
1 Posts |
Posted - Feb 15 2008 : 02:15:10
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The above posting by XL Results Foundation is classic text book behavior of a scam.
Scams protest their innocence, are highly litigatious and are mired in controversy. They spread lies, bully critics, attempt to suppress negative media and complaints and go to extreme measures to mislead and confuse the community in a quest to keep the scam alive.
A pyramid scheme:
A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered. It has been known to come under many guises. Some famous examples including the massive Albanian Pyramid Schemes of 1996[1] were technically not Pyramid schemes but Ponzi schemes.
Identifying features
The distinguishing feature of these schemes is the fact that the product being sold has little to no intrinsic value of its own or is sold at a price out of line with its fair market value. Examples include "products" such as brochures, cassette tapes or systems which merely explain to the purchaser how to enroll new members, or the purchasing of name and address lists of future prospects. The costs for these "products" can range up into the hundreds or thousands of dollars.
The result is that only a person enrolled in the scheme would buy it and the only way to make money is to recruit more and more people below that person also paying more than they should.
This extra amount paid for the product is then used to fund the pyramid scheme. In effect, the scheme ends up paying for new recruits through their overpriced purchases rather than an initial "signup" fee.
They create no wealth. All they do is move existing wealth.
The key identifiers of a pyramid scheme include the following:
? A highly excited sales pitch.
? A reassurance that it is not infact a pyramid scheme, possibly with a false account of what a pyramid scheme is.
? Little to no information offered about the company unless an investor purchases the products and becomes a participant.
? Vaguely phrased promises of limitless income potential.
? No product, or a product being sold at a price ridiculously in excess of its real market value. As with the company, the product is vaguely described.
? An income stream that chiefly depends on the commissions earned by enrolling new members or the purchase by members of products for their own use rather than sales to customers who are not participants in the scheme.
? A tendency for only the early investors/joiners to make any real income.
? Assurances that it is perfectly legal to participate.
The FTC also warns that the practice of getting commissions from recruiting new members is outlawed as "pyramiding."[9].
The Result of Pyramid Schemes The scale of harm is enormous, with millions of dollars stolen.
The weak and the vulnerable are set upon with trickery, loopholes in laws and psychological manipulation.
The disguises, rationalizations and defenses have a similar ring. Perpetrators claim they are uplifting people, setting them free, creating new opportunity, and teaching them a new and better way to live and prosper.
As in all such abuses of the past, huge amounts of money are spread to peddle influence, stave off regulation, and maintain the false portrayal of legitimacy. Critics are vilified and threatened with lawsuits as "anti-business" and "losers."
The element of the pyramid scheme that has the most in common with past abuses is its appeal to economic justification. Deceptive practices which take money from millions of unwitting people and enrich a small group of promoters and perpetrators are defended as "legitimate business," helping to build the economy, employ people, and provide economic opportunity.
Pyramid schemes ? exposure
As an increasing amount of people are scammed the company will come to the attention of the media and the authorities.
As with all scams eventually the pyramid will collapse. At some point the schemes get too big, the promoter cannot raise enough money from new investors to pay earlier investors, and many people lose their money.
Pyramid schemes are illegal in almost all countries including: the United States,[2] the United Kingdom, France, Canada, Malaysia, Norway, Australia [3], New Zealand, [4], Nepal[5], Singapore, Sri Lanka [6] and Iran[7].
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Singapore
Singapore
2 Posts |
Posted - Feb 20 2008 : 11:22:09
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Brisbane Times, Australia
Suspect 'wealth creation' network in Brisbane
Georgina Robinson | May 30, 2007
A global business networking scheme that's under a legal and financial cloud in Singapore will target Brisbane investors in seminars tonight and tomorrow morning.
Results Net Australia is the Australian arm of XL Results Foundation, a business coaching club that purports to generate "wealth beyond words" for its members at the same time as working to eradicate poverty.
Consumers pay $US8600 to join as life members in return for access to online networks, mentoring and coaching seminars.
Members can on-sell their memberships after one year, but about 69 life members in Singapore last year were refunded their money, claiming they were duped by Foundation director, Roger Hamilton.
Forty of the disgruntled members defied Singaporean law, which bans public demonstrations, to march on the company's office and deliver their demands in writing.
They claimed they were led to believe their memberships would appreciate in value and generate a profit upon selling, and that the company would help them find buyers for the memberships.
However, they said when they wanted to sell they could not.
The members also alleged they did not get access to the extensive network of business contacts the scheme promised.
Paul Dunn, the head of the company's Australian arm, said there was nothing unusual about the refunds.
"I've been in business and speaking for 27 years and people trust me," he said.
"If, for whatever reason, we don't deliver value for money for the customer then they shouldn't pay for that."
The company, formerly known as Competitive Edge, currently has 640 members in Australia and about 1000 worldwide.
In the 2005-2006 financial year it reported a $207,600 net profit.
Two complaints against the company have been lodged with the state government's Office of Fair Trading but investigations did not revealed any legal breaches.
It is understood the New South Wales Office of Fair Trading has received a complaint against the company.
In Brisbane this evening the company has invited people to listen for free to Mr Hamilton - a millionaire author and the company's founder - to give a "Wealth Dynamics" address at an inner-city hotel.
It will be followed by a breakfast seminar tomorrow morning where guests will be briefed on the company's "extraordinary vision towards 'binding' entrepreneurs together to eliminate poverty on our planet".
Queensland Fair Trading Minister Margaret Keech said people should be wary of "get rich quick" schemes.
"People are sometimes lured into these schemes by free breakfast, lunch or dinner conferences and promises of wealth," Ms Keech said.
"The sting comes at the end of the conference when people are asked to pay thousands of dollars to sign up for the 'advanced course'."
Ms Keech said wealth creation seminars were notoriously high-risk.
She warned people not to commit to sales on the day of seminars and to seek independent financial and legal advice.
http://www.brisbanetimes.com.au/articles/2007/05/30/1180205312469.html
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xlresultsfoundation
2 Posts |
Posted - May 13 2008 : 22:29:17
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RETRACTION OF ALLEGATIONS AGAINST ROGER HAMILTON AND XL RESULTS FOUNDATION
XL Results Foundation are pleased to announce a positive outcome to the recent legal case related to various allegations against Roger Hamilton and XL. These claims are similar to those found on interrelated and inter-referencing blogs posted on ripoffreport.com, complaintsboard.com, hotscams.com and businessesfromhell.com along with other blogs and anonymous emails sent to our members and partners over the last three years.
On March 24th 2008, Linda Ruck, the defendant in the legal case that XL brought regarding many negative and untrue claims against the company, signed a full written confirmation, retraction & undertaking by a consent court order in the Singapore Subordinate Courts.
The undertaking includes:
1. A confirmation that she has been involved in approaching via email, and/or otherwise including postings on internet forums, blogs, websites and other means, various parties including the media, consumer groups, our members and partners.
1. An unreserved retraction of her allegations against Roger Hamilton, XL, and XL stakeholders and an unconditional acceptance that these are untrue and/or inaccurate. The retracted allegations range from claims of illegal activities, no money going to charity, misappropriation of funds, criminal investigations, fraudulent conduct and a withdrawal of her claim on pyramid sales ? which are similar to all the claims found on the various emails and blogs.
1. An undertaking not to conduct or continue with any ongoing campaign against Roger and XL (through herself, anonymously or otherwise) and not to spam, blog or communicate with XL Members, XL stakeholders or the media to make negative comments about XL.
1. An undertaking to cease harassing XL, its members, partners and associated parties.
XL is glad to put the legal conclusion of this chapter behind itself and to have received vindication against all the claims that have been made through the Singapore Court System. A copy of the Consent Order of Court and full Confirmation, Retraction & Undertaking can be viewed at http://xlresultsfoundationlegalfile.wordpress.com/
XL Board of Directors
For the latest on the growth of World Wide Wealth, visit
www.resultsfoundation.com http://www.resultsfoundation.com |
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Ben
United Kingdom
3 Posts |
Posted - May 28 2008 : 00:39:05
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XL Results Foundation - Pyramid Scheme
http://xlresultsfoundationscam.blogspot.com
Asia Pacific Community join forces to expose pyramid scheme.
How do I lodge a complaint against a pyramid scheme. Refer to website www.cad.gov.sg
LETTER OF COMPLAINT
The Commercial Affairs Department
391 New Bridge Road
#06-701 Police Cantonment Complex
Block D
Singapore 088762
Strictly Confidential
Dear Sir
RE: Pyramid Schemes - Scams/frauds Targeting Members of the Public
I wish to file a complaint against a Singapore Company XL Results Foundation Pte Ltd (Company registration: 200107729C).
I believe the Director, Mr Roger Hamilton is operating a pyramid scheme targeting members of the public.
The company's revenue source is from the recruitment of membership sales into its global business network ?EXL Results Foundation Pte Ltd.
I refer to the CAD website www.cad.gov.sg - The Illegal Pyramid Selling Scheme: "pyramid selling scheme or arrangement" means any scheme or arrangement for the distribution or the purported distribution of a commodity whereby:
(a) a person may in any manner acquire a commodity or a right or a licence to acquire the commodity for sale, lease, licence or other distribution;
(b) that person receives any benefit, directly or indirectly, as a result of ?E
(i) the recruitment, acquisition, action or performance of one or more additional participants in the scheme or arrangement; or
(ii) the sale, lease, licence or other distribution of the commodity by one or more additional participants in the scheme or arrangement; and
(c) any benefit is or may be received by any other person who promotes, or participates in, the scheme or arrangement (other than a person referred to in paragraph (a) or an additional participant referred to in paragraph (b)).
I am deeply concerned Roger Hamilton and XL Results Foundation Pte Ltd in Singapore is scamming members of our community and operating an illegal business.
XL Results Foundation is promoting itself as a charitable organization to deceive the community. This is a ploy to recruit new members into the scheme.
The company has faced a community petition in Asia Pacific with more than forty complaints lodged against the company in one day as reported by the Straits Times Newspaper. It is believed several hundred members have also demanded their membership payment refunded claiming they were duped. A copy of the original petition can be found on http://rogerhamiltonexposed.wordpress.com
To pay off these current disgruntled members Roger Hamilton expands into a new market (Ponzi scheme) and sells to newly duped members who are unaware of the petition and press scrutiny. The company has just announced plans to expand into Canada and Mexico.
In the past six months XL Results Foundation has been featured negatively in several newspapers including: The Straits Times - Singapore (23/10/06 & 25/11/06), The Today Newspaper - Singapore and The Courier Mail - Australia (24/02/07). Duped members of the Singapore community have also spoken out against the company on English and Chinese Radio Stations in Singapore including Radio 93.8. (To view these articles refer to website: http://rogerhamilton-consumerwatch.blogspot.com)
The most recent article appeared in the online edition of the Brisbane Times in Australia (May 30, 2007) under the caption "Suspect wealth creation network in Brisbane" refer to the link below for full details.
http://www.brisbanetimes.com.au/articles/2007/05/30/1180205312469.html
It is obvious this company is operating a scam.
I ask the officers of the Commercial Affairs Department to look into the business conduct of Roger Hamilton and XL Results Foundation and obtain detailed accounts to establish the revenue source of XL Results Foundation Pte Ltd.
The local and international community has a right to be protected from this individual and company.
Yours faithfully
Name:
Address:
Country:
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Miscellany
New Zealand
3 Posts |
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ex member
Australia
1 Posts |
Posted - Jun 14 2008 : 10:54:08
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Roger Hamilton and XL Results Foundation Scam
Business Networking Scam hits Shanghai
May 20, 2008 ? 7:52 pm
http://mingtiandi.com/?p=58
This strays a bit from our usual Mingtiandi vein, but I just received a scam appeal to entrepreneurs that I thought might be worth warning folks about. I received two emails inviting me to an ?Exclusive business breakfast meeting by invitation only!? from something cheesily called the ?XL Results Foundation.?
It seems this foundation is a bogus business networking scheme that bilks would-be entrepreneurs for membership money while providing them with non-existent training and networking opportunities. And I thought those dodgy financial consultants were bad! You can find out how the scam works from this posting on ripoffreport.com and this Australian report from Perth.
In the mail, the XL Foundation describes itself as, ?the world?s leading entrepreneur and social enterprise network.? But offers no grounds for this assertion. These tricksters from Singapore further assert that their ringleader will, ?explain how Businessmen and Entrepreneurs can take advantage of emerging Business Opportunities in Asia-Pacific Region.? Evidently the secret to taking advantage of opportunities is tO cOmpletely Ignore all standards reGarding Capitalisation. and the grammar.
It seems this pyramid scam has already made the rounds in Singapore, Indonesia and Australia and is now hoping to take advantage of the overly optimistic crowding the streets of Shanghai.
If you get this same email as I did, just toss it in the bin and save your business cards for the next Chamber of Commerce meeting.
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Ben
United Kingdom
3 Posts |
Posted - Jun 19 2008 : 03:31:55
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Non disclosure to XL Results Foundation Life Members - Fraudulent Business
XL Results Foundation is promoted by Mr Daniel Priestley of Triumphant Events in the United Kingdom, St John's House, St John's Square London.
www.triumphantevents.com
http://www.triumphantevents.com.au/images/annexure-a-document.pdf?PHPSESSID=c3bcdd5455dc3b2148b047b8fa22a502
In June 2007 the Australian Competition and Consumer Commission (ACCC) commenced legal action against The Triumphant Group Pty Ltd (trading as Triumphant Events) for alleged contraventions of the Trade Practices Act 1974.
The Federal Court of Australia has declared by consent that Triumphant, by engaging in the above conduct, contravened the Act. The Court also made orders by consent restraining Triumphant from engaging in the offending conduct in the future.
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Ben
United Kingdom
3 Posts |
Posted - Jul 14 2008 : 04:50:15
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http://www.brilliant4biz.com/category/xl-results-foundation/
My posts about XL Results Foundation Life Membership have sparked some debate here recently. Things really hotted up after a recent comment from a woman who was about to join XL after attending Roger Hamiltons Business Breakfast Presentation in Melbourne.
On returning home she decided to do some research on Roger Hamilton and his XL Results Foundation. When the search results served up my blog post, she was alarmed and left a long comment explaining her concerns about the sum - $12,000 - that she had almost paid over. Since that comment there have been contributions from other former XL members and those who had almost joined, expressing scepticism over the value of the offer.
Some of these members asked me not to publish their comments as they were nervous of going public, and I have used their material as sources for this article. These comments brought several long and involved comments from the XL Results Regional Manager in Melbourne, Jeanette Jifkins, who was clearly very upset that others were not enthralled with her company. There have been other contributions from Paul Dunn, whose Ecademy profile says he ‘runs XL in Australia and he’ll soon be taking XL to America’, in staunch defence of XL’s charitable achievements.
Let me make it quite clear why I have written reports about this business opportunity. The offer to the potential member is membership of a network of entrepreneurs, and extensive training opportunities, whose quality is not independently verified or accredited. New prospects do not get a chance to study the contract terms before signing up, they are swept up in the moment by a persuasive presentation. They are often left to reflect on the implications of this decision only after they have parted with a substantial sum in hard cash. Paul Dunn has asserted in one of his comments that there is a cooling off period for new recruits. I would like to see evidence of that.
I do not view XL as a classic pyramid scheme, but I think others are labelling it that way because they do not see the Life Membership package offering a value to justify its high price - why is there not an annual membership option? This company has been in existence for less than a decade, it is privately owned so what guarantee do members get on the prospects of it existing in another ten years? If I decide to join any Chamber of Commerce or similar organisation in Britain there is a set annual membership fee, and at the end of a year’s membership I decide to renew if the organisation has given me value for money.
When I attended the XL Results presentation the big selling point was the scope for getting freelance work from other life members. Most freelance consultants spend their lives chasing more contracts, and I heard a lot of sad stories at the last Ecademy members’ event. So if a carrot is dangled in front of a hungry consultant, they are very likely to go for it. None of us know if our next contract will be our last and a carefully designed pitch can prey on those anxieties, making us think that life membership of XL Results Foundation is a possible answer to our problems. But of course there is no guarantee of any work and none of the comments in support of XL have given any proof of income generated through membership of the foundation. Charitable work is all well and good but this is meant to be a business networking organisation. The proof of a business organisation should be just that - real, tangible business results for its members.
The XL organisation business model seems weighted towards getting money from new members, instead of improving the value of the membership package. If the company wants transparency (as they have requested from me) then I would like to see them publish full detailed accounts of its revenue sources. They should also be able to show independently verified examples of members who have obtained worthwhile contracts and expanded their business as a direct result of their membership of the foundation.
Filed under: XL Results Foundation
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cult alert
United Kingdom
1 Posts |
Posted - Aug 13 2008 : 02:55:34
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Rip Off Artist Hits Australia - Roger Hamilton and XL Results Foundation
http://perth.norg.com.au/2008/08/12/rip-off-artist-hits-peth-consumers/
Traveling Pyramid Scheme targets Perth Consumers ? Roger Hamilton and the XL Results Foundation
Individuals of the local business community are warned to do due diligence when dealing with XL Results Foundation pte ltd 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 Perth from the 12th to 14th August. Venue: Burswood Entertainment Complex, Perth, Australia.
Australian promoter: Paul Dunn, Results Net Australia operating out of Brisbane.
During the three day Perth Wealth Flight event Hamilton will prey on consumers and attempt to extract USD $12,000 from the gullible for an XL life membership. XL is a bogus business networking scheme that bilks would-be entrepreneurs for membership money while providing them with non-existent training and networking opportunities. The company preys on weak minded easily manipulated individuals.
After parting with thousands of dollars, duped consumers are left empty handed and shame faced.
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. Hamilton and his cohorts are using membership funds to stave of legal action and 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.
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
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UK Blogger
Australia
1 Posts |
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XL Results Foundation
Singapore
3 Posts |
Posted - Sep 19 2008 : 05:31:37
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THIS BLOG AND THESE MESSAGES ARE FAKE
All the blogs and messages here other than from XLRF are from the same source ('Duped', 'UK Blogger', 'cult alert', 'ex member', 'miscellany, 'Singapore', 'scam watch', 'Ben') and are the same person posting under different tags. This is the same pattern of behaviour we have seen by this individual in emails and blogs designed to question the integrity of Roger and XL.
All these postings are false and are created with one aim ? to alarm those unfamiliar with XL ? and are all part of a web of self-referencing blogs, messages and sites which each repeat the same as the other in attempt to confuse the reader.
XL took legal action regarding an individual in Singapore accused by XL for being the source of this misleading and false information about Roger and XL. This led to a full retraction in the Singapore courts in early 2008 and an undertaking not to harass our XL Members or Partners any further, nor to post any further spurious accusations or carry out any of the other various threats recorded in phone calls and emails.
Full details of the retraction and undertaking are here: http://xlresultsfoundationlegalfile.wordpress.com/
Full details of the legal case are here:
http://xlresultsfoundationlegalfile.wordpress.com/
Full details of the media advisory that XL created in partnership with the media are here:
http://xlresultsfoundationlegalfile.wordpress.com/xl-media-advisory/
These links are also available on our home page at:
http://www.resultsfoundation.com
Anyone with genuine feedback for XL are always free to connect with us at members@resultsfoundation.com.
For news of the latest in our journey towards World Wide Wealth:
http://xlgroupblog.com
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JohnAnderson
Australia
2 Posts |
Posted - Sep 20 2008 : 23:07:51
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The above posting by Roger Hamilton and XL Results Foundation is a blatant lie.
Both the media articles listed below are true and verified:
Suspect business network in Brisbane
http://www.brisbanetimes.com.au/articles/2007/05/30/1180205312469.html
Wealth Guru Hits NZ
http://www.stuff.co.nz/4287069a6442.html
Anyone reading the postings by XL Results Foundation should be asking themselves why this company goes to such extreme measures to lie, confuse and cheat the public. Is it because what is being said about XL Results Foundation and Chairman Roger Hamilton is true? That XL is a pyramid scheme scamming the global community.
Any individual who is approached by XL Results Foundation to buy an XL Life Membership should contact the Consumer Protection Agency in their respective country.
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Miscellany
New Zealand
3 Posts |
Posted - Sep 21 2008 : 01:20:11
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In reply to the post by the 18-year-old posting as 'XL Results Foundation'...
I have no idea about any of the other posters referred to, so can not speak for them. But I can assure XL, and other readers, that my earlier message to this forum was not fake.
In my earlier message I pointed to an article at http://blog.datamanagementsolutions.biz/2008/06/shonky-operator.html. I am the author of that article, and neither I nor the article are fake.
I wrote that article entirely motivated by a deep concern about the unethical practices I personally witnessed, by Roger Hamilton and associates.
Thank you, XL, for the invitation to provide feedback. However, I am not seeking a conciliation with XL Results Foundation, so any such dialogue would be pointless.
You're involved in a shonky operation. I know it, and I'm sure you know it too. So shonky, in fact, that you have to resort to responding to critics by accusing them of being fake.
So, I'm sorry to know that you have been sucked in to this rip-off. It's never too late, though, to summon the courage, make the break, and re-build your integrity. Good luck. |
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Roger Hamilton and the XL Results Foundation
