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Zija Scam? Yes It Is In My Opinion!

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Zija Scam? Yes It Is In My Opinion!

Zija Scam

It seems that MLM scams never run out of “Miracle Trees” they can harness to revolutionize your health. Is the Zija MLM business model fantastic for making money selling products based on a “Miracle Tree”? Is it free enterprise in its purest form or is it a scam? My subscribers have requested that I take a look at the Zija business opportunity. Here is what I have found.

Zija Scam Claims

Our turnkey business model, easy-to-use tools, unmatched support, and lucrative compensation plan make starting and building your own successful Zija business a reality.

Would you like to own your own business? Spend more time with family and friends? Stay healthy and active? Have more time to pursue your hobbies? Travel the world? Put yourself or your kids through college? Lose weight? Have more energy? Drive a Mercedes-Benz? With Zija, you truly can build and live your own Life Unlimited!

Zija Scam Presentation Video

Zija Scam Reality

Zija is yet another health and wellness MLM based in Utah. Utah just can’t seem to get enough of this type of business opportunity.

Zija International
Corporate Office
3300 N. Ashton Blvd, Suite 100
Lehi, Ut 84043

Ken Brailsford is the the Founder and CEO of Zija International. He was the Co-Founder of Nature’s Sunshine Products and Enrich International.

The opportunity that Zija offers you is to become an independent distributor to introduce and sell their products as well as introduce the Zija business opportunity to others.

I was not able to find an income disclosure which shared how much people were making with this business opportunity.

Regardless of whether it is healthy or not, the Zija pitch is the same tired MLM pitch you’ve heard hundreds of times before.

They sign you up and get you to pay a fee or purchase a $199+ startup pack.  Then they get you to signup for a monthly auto-shipment and you recruit others to do the same thing. 

I don’t believe them when they claim, “Our turnkey business model, easy-to-use tools, unmatched support, and lucrative compensation plan make starting and building your own successful Zija business a reality.” I believe the vast majority of people will NOT find success with this business model.

…multi-level marketers should stop presenting business opportunities as a way for individuals to quit their jobs, earn thousands of dollars a month, make career-level income, or get rich because in reality, very few participants are likely to do that. – Source FTC

…the majority of direct sellers made less than $10,000 per year from direct selling, with a median annual gross income of about $2,400 or only $200 per month. (59% make less than $10,000 per year and this does not include expenses.) – Source FTC

In my opinion, the opportunity to build significant retail sales is limited with Zija because anyone can purchase the products from the Zija website and anyone can become a wholesaler for a very low cost. This leads to a focus on recruiting new distributors and building team commissions.

Here is how they describe what to focus on in your testimony to interest new distributors:

WHAT ASPECTS OF MY PRODUCT TESTIMONIAL SHOULD I FOCUS ON WHEN PIQUING THE INTEREST OF POTENTIAL DISTRIBUTORS?
Focus on the nutrient content found within the products and statements of overall health and wellness. By focusing on nutrition, general health, vitality, and well-being, you are targeting everyone instead of a specific group of people with specific health problems. – Source Zijacorp.com

I don’t believe them when they claim that they can revolutionize your health. There is limited scientific evidence to support this claim. The anecdotal claims that I have seen for the health benefits for their products are the same I have seen many times before.

“The enthusiasm for the health benefits of M. oleifera is in dire contrast with the scarcity of strong experimental and clinical evidence supporting them.” – Source Ncbi.nlm.nih.gov

Here is one BBB complaint that I think you will find valuable:

Bought product from independent distributor for Zija International per hard sell (our fault). Did research on product. Found numerous contradictions then what ID’s stated. Not just moringa oleifera in part but in whole. There are numerous side effects, some resulting in hospitalization. Should not… be taken with certain perscription drugs. Although each of the previous stated is unjustifiable in not being told to potential clients, the most heinous being pregnant women could miscarriage by taking product. Oils shouldn’t be taken internally until research is more definitive. When ID’s were questioned on this, either 1) Zija does’nt use the the bark or roots of the tree (most common answer), 2) They said the scientist at Zija say’s it’s safe (right up there with first answer), 3) They did not care (was obvious to tell), 4) Are selling without proper information from the company to give clients. At a meeting where supposedly the people speaking were knowledgeable about the product, they were unwilling to listen to any negative questions being asked. Sources: Personal interaction, Washington University School of Medicine, WebMD, Med India, Sharecare.com, ehealthme.com, local hospitals and wifes own physicians. I am not writing this to discourage anyone from taking this product. But I am telling you to do your own research before you buy into this.

If you take a look at the Zija Roadmap they provide, I think it is clear what they are focused on: recruiting.

FIRST THIRTY DAYS
“Help your first 2 get their first 2 and duplicate this down 4 levels” – Source Zija Roadmap

They cap how much you can make without having additional Business Centers. Business Centers are nothing more than positions in the compensation plan. Zija will pay Team Commissions of up to $10,000 per Cycle, per Business Center.

Cost

$20 Enrollment Fee

$20 Annual Renewal Fee

The $20 USD Enrollment Fee to become a Zija Distributor is waived with the purchase of any Zija System. A yearly renewal fee of $20 USD is required to continue as a Distributor.

Optional Welcome Kit is $19.00

NHR Basic System
$265.00 / $199.00 Wholesale
150 PV

NHR Enhanced System
$438.00 / $330.00 Wholesale
250 PV

NHR Gold System
$878.00 / $660.00 Wholesale
500 PV

NHR Diamond System
$1,756.00 / $1,320.00 Wholesale
1,000 PV

Products

CORE MORINGA® SUPPLEMENTS
AMÉO® ESSENTIAL OILS
RIPSTIX® FITNESS SUPPLEMENTS
GENM® PERSONAL CARE

Compensation Plan

Click Here for the Zija compensation plan.

Ways to Earn Income:
RETAIL SALES
TEAM COMMISSIONS
LEADERSHIP CHECK MATCH POOL
(LCMP)
DIAMOND LEADERSHIP POOLS
ONE-TIME BONUSES
MULTIPLE BUSINESS CENTERS
SPECIAL INITIATIVES
TEAM BENZ CAR BONUS

Team Commissions (TC) are the backbone of the Zija Compensation Plan, and you can benefit greatly based upon the Commissionable Volume (CV) in your Downline.

The Team Commissions portion of the Zija Compensation Plan is binary.

If you and your two Personally-Sponsored Distributors/Wholesale Members are Active 75 or greater, you will have earned the Rank of Builder and will be eligible to receive up to 10% in Team Commissions. Your first two Personally-Sponsored Distributors/Wholesale Members need to be on separate Legs.

ACTIVE 75 – To earn commissions and bonuses, you must be Active. To be Active 75 you must have a minimum of 75 Personal Volume in 4 weeks.

PERSONAL VOLUME – Personal Volume (PV) is defined as the Volume associated with a Member purchase for purposes of resale, for use as samples, or for personal use.

To rise up through the ranks of this compensation plan you need to recruit people into the business opportunity.

Qualification to become a Builder: 75 RV and 2 Active, Personally-Sponsored Distributor/Wholesale Members – One on the left Leg and one on the right Leg.

You must be Active 150 to advance or maintain any Rank Emerald and above.

Ranks:
BUILDER
BUILDER 500
BUILDER 1000
BRONZE
SILVER
GOLD
WHITE GOLD
PLATINUM
EMERALD
DIAMOND
DOUBLE DIAMOND
TRIPLE DIAMOND
BLACK DIAMOND
DOUBLE BLACK DIAMOND
TRIPLE BLACK DIAMOND

Income Disclosure

Distributors are not guaranteed a specific income, success or level of profit.

In my opinion, Zija does not offer an income disclosure that verifies that they offer a good business opportunity for the majority of people that become distributors.

Return Policy

All Customers and/or Distributors have a thirty (30) day, 100 percent satisfaction guarantee on up to 250 PV of their initial order. The initial order is defined as the first order of product(s) made on the account. The Company will refund 100 percent of the purchase price (less shipping costs) on up to 250 PV of any initial product order. All unused product(s) must be returned by a traceable means of delivery to the Company. The Customer and/or Distributor is responsible for shipping charges to return the product(s). Zija will refund a maximum of 90 percent of the purchase price (less shipping costs) of any Initial Order in excess of 250 PV.

For product to be returned, the product must be in resalable condition. To be classified as “resalable”, the product must be unopened and unencumbered, with current labels and seals intact and in good condition.

Product Buy Back for Terminating Distributorship: The Company will repurchase, on reasonable commercial terms, currently marketable inventory in the possession of a Distributor and purchased by that Distributor who voluntarily terminates their Distributorship. For purposes of this policy, “Reasonable Commercial Terms” shall include the repurchase of marketable inventory within twelve (12) months from the Distributor’s date of purchase at ninety (90) percent of the Distributor’s original net cost, less shipping costs, appropriate set offs (e.g. Commissions, rebates, promotions) and legal claims if any. A refund will not be given until Zija has received a notice of termination from the Distributor or until the Distributor has been terminated by Zija. Multiple order refunds are also subject to a prorated value of Volume already paid out and now unable to be collected because of Upline Distributor cancellations, inactivity, and non-commissions being earned.

Zija Scam Conclusion

In my opinion, Zija is another MLM scam which offers you the opportunity to pay them to recruit your friends and family into a business opportunity that does not provide an income disclosure that shows that the majority of people are making money.  They use a “Miracle Tree” with limited scientific research to convince new distributors to join the business opportunity. I found nothing special about the Zija business opportunity. The Zija pitch is the same tired MLM pitch you’ve heard hundreds of times before. If you take a look at the Zija Roadmap they provide, I think it is clear they are focused on recruiting. They cap how much you can make without having additional Business Centers. I would avoid the Zija business opportunity.

The post Zija Scam? Yes It Is In My Opinion! appeared first on Ethan Vanderbuilt.

http://ethanvanderbuilt.com/2017/02/20/zija-scam-yes-opinion/

02/21/2017 |

Money Now Funding Scam Victims Receive Money Back

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Money Now Funding Scam Victims Receive Money Back

Money Now Funding Scam Victims Receive Money BackThe Federal Trade Commission is mailing 2,031 checks totaling more than $436,000 to people who lost money to Money Now Funding, a work-at-home scheme that conned people, including many seniors with limited income and savings, into thinking they could make money by referring merchants in their area to a non-existent money-lending service.

Here is how they described their business opportunity:

Money Now Funding Scam Business Opportunity

The crunch in the lending market has made it even more difficult for Business owners to stay competitive in today’s economy. Lack of cash flow is the number one reason that businesses fail to succeed.

At MoneyNowFunding.com we offer a simple way for you to get the money your business needs. It’s quick, it’s easy, there are no fixed monthly payments, and there are no personal guarantees.

Your Business could be approved within 24 hours, and get the funds you need in as little as 7 days. Traditional lending sources are costly, and often unavailable to most merchants, plus traditional lenders always look for collateral and personal guarantees.

With MoneyNowFunding.com you now have the opportunity of obtaining the money your business needs when you need it with no collateral or personal guarantees! – Source Moneynowfunding.com

“Money Now Funding,” tried to avoid detection by law enforcement by changing product names, office locations, and merchant identities. They falsely claimed consumers would earn up to $3,000 per month by referring small businesses to the defendants to obtain loans. After victims paid up to $499 to buy the business opportunity, the defendants told them that, to succeed, they had to buy sales leads that cost tens of thousands of dollars but turned out to be worthless.

They cheated American and Canadian victims out of more than $7 million.

Here are the people and the companies that were involved in this scam:

Lukeroy K. Rose, Leary Darling, Solana DePaola, Lance Himes, Cordell Bess, Cynthia Miller, Clinton Rackley, and Richard Frost, and 10 companies: Money Now Funding LLC, Rose Marketing LLC, DePaola Marketing LLC, Affiliate Marketing Group LLC, Affinity Technologies LLC, Global Network Marketing LLC, Precise Payroll Services LLC, Strategic Media Advertising LLC, Legal Doxs LLC, and US Doc Assist LLC.

People who lost money will get an average of $214.68. Recipients should deposit or cash checks within 60 days. The FTC never requires people to pay money or provide account information to cash refund checks.

If you have questions about the case, contact the FTC’s refund administrator, Rust Consulting, Inc., at 800-419-5336. To learn more about the FTC’s refund program, visit www.ftc.gov/refunds.

The post Money Now Funding Scam Victims Receive Money Back appeared first on Ethan Vanderbuilt.

http://ethanvanderbuilt.com/2017/02/17/money-now-funding-scam-victims-receive-money-back/

02/17/2017 |

THW Global Scam Purchased By 888 Travel For Less

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THW Global Scam Purchased By 888 Travel For Less

THW Global Scam Purchased By 888 Travel For LessAfter recruiting over 1.5 million representatives to watch videos for $25 per hour and not paying them, THW Global has sold themselves to 888 Travel For Less. It is time to cash in on all the people they scammed.

Here is their latest excuse for not paying people that viewed videos:

THW Global will be launching a 100 million dollar plus lawsuit against the 3rd party companies that did not pay THW Global the promised monies for their IV viewing of over 900 million ads monthly. In addition to costing THW Global millions of dollars in expenses to build and promote such a system on a global platform. It also caused over 500,000 IVs not to be fairly compensated for their time in effort invested in creating such a viewing success. THW Global believes that the 3rd party company received multiple times from their customers what they were to pay THW Global. THW Global is very confident that the VERY SUCCESSFUL 3rd PARTY GIANT will settle out of court. However nothing is guaranteed except that launching such a lawsuit in FEDERAL COURT will be EXPENSIVE and TIME CONSUMING.  THW Global is not just doing this for itself but for the sake of the 1.6 million THW Global IVs. – Source Thwleadership.com

888 Travel For Less is expected to buy THW Global with the deal closing on March 1st, 2017.   They claim that any & all non-viewing funds owed will be issued prior to 2/27/2017.

After providing an inspirational video from Joel Osteen about moving forward, THW Global in their latest update provided the details of the new opportunity you have with 888 Travel For Less.  Everyone knows that travel and watching videos for $25 per hour go hand in hand (sarcasm).

Joel Osteen Moving Forward Video

ISN’T IT YOUR TURN TO START YOUR JOURNEY TO A BETTER LIFE?

(Editor: I thought I was getting a better life by watching videos for $25 per hour?)

If you are looking for a way to travel the world, and change your current financial situation, then you are in the right place! Get out there and Start Your Journey Today with 888TravelForLess.com!

888TravelForLess.com is exclusively offered through TWHGlobal.com. THWGlobal has a worldwide membership base of over 1.5 million representatives.

RETAIL SALES

As an agent of 888TravelForLess.com you will have access to “A Travel Saving Benefits Package” at an agent cost of $100 annually (which is less than $8.88 monthly). The suggested retail price is $149 annually (which is less than $12.50 monthly). Each sale can generate up to $49 in retail earnings when you retail the package to your Customers. Each wholesale sale generates 10,000 Points.

MANAGEMENT BONUSES

There is absolutely no limit to the amount of money you can earn. We truly believe in free enterprise, and we believe in you. Therefore, the more you do the more you can earn. With 888TravelForLess.com you can start making hundreds of dollars immediately while building a residual stream of earnings that will continue to grow for years to come.

In addition to Retail Earnings and Customer Reward System there are also Management Bonuses offered for building a team.

All Bronze through Diamond Agents qualify for Management Incentives up to Ten Levels of Sales as follows:

  • Bronze = receive up to 2 levels of Management Bonuses when qualified.
  • Silver = receive up to 4 levels of Management Bonuses when qualified.
  • Gold = receive up to 6 levels of Management Bonuses when qualified.
  • Platinum = receive up to 8 levels of Management Bonuses when qualified.
  • Diamond = receive up to 10 levels of Management Bonuses when qualified.
  • Level 1 = Earn 500 points ($5.00) per sale made by your team.
  • Level 2 = Earn 200 points ($2.00) per sale made by your team.
  • Level 3 = Earn 200 points ($2.00) per sale made by your team.
  • Level 4 = Earn 200 points ($2.00) per sale made by your team.
  • Level 5 = Earn 200 points ($2.00) per sale made by your team.
  • Level 6 = Earn 200 points ($2.00) per sale made by your team.
  • Level 7 = Earn 200 points ($2.00) per sale made by your team.
  • Level 8 = Earn 200 points ($2.00) per sale made by your team.
  • Level 9 = Earn 200 points ($2.00) per sale made by your team.
  • Level 10 = Earn 400 points ($4.00) per sale made by your team.

Management Bonuses are calculated and displayed in real-time and are released to your Virtual Account ten days later.

CUSTOMER REWARD SYSTEM (CRS)

In Traditional Marketing Plans – You sell something that costs $100 for $150 and you earn a $50 commission.

 Imagine A Marketing Plan where You sell something for $150 and you have the potential to earn up to $50 commission plus up to $150 in CRS for a total of $200 in earnings per sale.

 Imagine A Marketing Plan where Even if you sold it at cost for $100 you would still have the potential to earn up to $150 in CRS for a total of $150 per in earnings sale.

With the 888TravelForLess.com CRS Program, when qualified, you have the potential to earn from all Travel Saving Benefits Packages sold by the company agents regardless of where the sales falls within the company. The company offers five levels of CRS as follows

Companywide Contributions Made:

Bronze
100 Points from every sale made are contributed to the Level, which is then divided among all those Agents that qualify for Bronze CRS each month.

Silver
200 Points from every sale made are contributed to the Level, which is then divided among all those Agents that qualify for Silver CRS each month.

Gold
300 Points from every sale made are contributed to the Level, which is then divided among all those Agents that qualify for Gold CRS each month.

Platinum
400 Points from every sale made are contributed to the Level, which is then divided among all those Agents that qualify for Platinum CRS each month.

Diamond
500 Points from every sale made are contributed to the Level, which is then divided among all those Agents that qualify for Diamond CRS each month.

Pre-Launch Qualifying Special Until 02/17/2017
All CRS Bonuses Are up to $200 per Membership Sold from Bronze to Diamond
Each 888 Travel For Less Membership Sale = 10,000 Points Toward Award Levels!

Bronze = up to $110 in CRS Bonuses per Membership Sold up to (5)
Qualify by simply accumulating 50,000 Points, earn a maximum of 55,000 Points ($550)
Special Pre-Launch Added CRS Bonus until 02/17/2017, earn a maximum of 100,000 Points ($1000).

Silver = up to $120 in CRS Bonuses per Membership Sold up to (25)
Qualify by accumulating 250,000 Points, earn a maximum of 300,000 Points ($3,000).
Special Pre-Launch Added CRS Bonus until 02/17/2017, earn a maximum of 500,000 Points ($5,000).

Gold = up to $130 in CRS Bonuses per Membership Sold up to (50)
Qualify by accumulating 500,000 Points, earn a maximum of 650,000 Points ($6,500).
Special Pre-Launch Added CRS Bonus until 02/17/2017, earn a maximum of 1,000,000 Points ($10,000).

Platinum = up to $140 in CRS Bonuses per Membership Sold up to (100)
Qualify by accumulating 1,000,000 Points, earn a maximum of 1,400,000 Points ($14,000).
Special Pre-Launch Added CRS Bonus until 02/17/2017, earn a maximum of 2,000,000 Points ($20,000).

Diamond = up to $150 in CRS Bonuses per Membership Sold up to (250)
Qualify by accumulating 2,500,000 Points, earn a maximum of 3,750,000 Points ($37,500).
Until 02/17/2017, thereafter earn a maximum of 5,000,000 Points ($50,000).
All Diamond Agents will also share in a 10% Leadership Pool on all Travel Related Earnings from Non-Membership Sales.

Important CRS Notes:
An Agent may participate in all 5 levels until they reach the total maximum CRS earnings for each level.
Maximum CRS Earnings are Not Accumulative. Meaning if a Bronze becomes a Silver, the maximum CRS total would be $3,000 (not $550 + $3,000).


EARNINGS/INCOME DISCLAIMER

No commissions are paid for the act of recruiting. Compensation is earned only when a sale of our products or services is made. Any purchase of any our products or services are completely optional, no Independent Representative is required to sell or purchases a product or service.

Any examples of earnings potential written herein are intended as educational material only and are not to be considered as projections of your actual earnings. They are intended only to explain the method of compensation. Your actual earnings will depend on many factors such as personal effort, ability, and the sales efforts of your down-line. Earnings will vary from individual to individual. Some Independent Representatives may earn much more than others. Some Independent Representatives may earn nothing. NO EARNINGS ARE GUARANTEED. While your up-line Independent Representatives are expected to help you with training and support, it is not reasonable to expect earnings without significant ongoing personal effort. Any promises to the contrary from other Independent Representatives should be disregarded. You should carefully consider your level of commitment before becoming involved.

There are no commissions paid for the act of referring people into the Opportunity and there is no requirement to purchase products or services to earn. We strongly encourage you not to join purely based on what any one of our Compensation Plan has to offer. Instead, focus on the complete package which includes our products and services, the practicality of our business opportunity and the fairness of our Compensation Plans. Before joining, you must fully read our full Compensation Plan, Earnings Disclaimers, Independent Representative Agreement, Terms of Use, Policies and Procedures, Privacy Policy and Refund Policy which can be found on our Website.

THW Global Scam Purchased By 888 Travel For Less Conclusion

THW Global is a perfect example of a free scam. They used deceptive claims to get your name, email, and country. They gathered demographic information through surveys sent to their mailing list. Then they rolled out paid options to make money from the people that thought they were getting involved in a totally free money making opportunity. Now they have sold themselves to 888 Travel For Less to cash in on the over 1.5 million representatives they fooled with a bogus offer. I would avoid the THW Global scam.

The post THW Global Scam Purchased By 888 Travel For Less appeared first on Ethan Vanderbuilt.

http://ethanvanderbuilt.com/2017/02/09/thw-global-scam-purchased-by-888-travel-for-less/

02/09/2017 |

The MLM Residual Income Myth

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The MLM Residual Income Myth

The MLM Residual Income Myth

One of the deceptions that is used to get people to join a MLM scam is the myth of long term residual income generated by recruiting people for 3-5 years into the scam. The idea that you can work for a few years and then never have to work again, is a powerful motivation to join.

Here is a good example of this deception in action:

One residual income idea is network marketing. Network marketing has received a negative reputation throughout the years mainly because of a high failure rate. That is due to the fact that people who enter the profession don’t take their business serious or don’t know the first thing about marketing.

However, if done properly, it can produce incredible riches. In fact, there are more millionaires made in the network marketing profession than any other business industry in the world. And it is endorsed by moguls such as Donald Trump, Warren Buffet and Robert Kiyosaki.

Finding a vehicle that will produce residual income will get you on the right track to becoming financially free and creating long-term wealth for you and your family. – Source elev8.hellobeautiful.com

Here is the sad reality of MLM long term residual income:

Residual income is income that continues to flow even after your initial work to create it has ended. Standard earned income stops flowing when you stop working.

Some activities that generate long term residual income include:

  • Rental Income or Note Income from Real Estate
  • Creating and Selling Intellectual Property
  • Business Income

So why is MLM not a valid source of long term residual income?

It all comes down to the dropout rate for MLM representatives. In MLM your residual income is based on the sales and purchases of your recruited representatives. The dropout rate for MLM representatives is 60-90% in the first year.

Herbalife
There is a 90-95% failure rate for Herbalife distributors in the first year.
“… more than 90% of our distributors that are not supervisors turned over.” – Herbalife 2005 Annual Report

USANA
It is estimated that more than 80% of USANA associates drop out in the first year.
Associates earning as little as one commission check a month and associated with USANA for more than six months equal only 3% of all ordering Associates. – Source USANA Income Statement

Long term drop out rates for MLM scams are not revealed by the companies running these scams. With a 60-90% dropout rate in the first year, there will be few people around in 5 years to provide you with long term residual income.

You can’t build long term residual income with almost everyone you recruit dropping out.

Here is what one successful MLM representative said about the MLM long term residual income myth:

This is a touchy subject amongst some groups, but I want to share my take on it. I have been involved full time in the home business industry for 10+ years. Some of that time has been spent in MLM where the idea of working 3-5 years and creating a walk away residual income is promoted and sold. I have been very fortunate to have tremendous success in that arena, working in that type of compensation model for 7 of my 10 years. During that time frame I’ve had enough time to see trends and see that this promotion of walk away income doesn’t exist.

During that time I’ve met many top earners who you would think had achieved the mythical walk away income, but guess what…? They are still working today, some in their 2nd or 3rd company since I’ve known them! So where is the walk away income? I say it doesn’t exist. I have known reps who have had 100’s of thousands of distributors on their teams at one time and now they are rebuilding and doing it all over again still promoting walk away income. It makes me want to scream! They can’t see that 99.9% of the people can’t do what they do and they can’t even achieve the mythical income. – Source Ezinearticles.com

The MLM Residual Income Myth Conclusion

The idea of long term residual income is a powerful one.  Who does not want to do work once and reap the benefits for years to come. The sad reality is this idea is used to convince people to join a business opportunity that can’t provide long term residual income. Don’t waste 3-5 years of your life for something that you will not find in a MLM scam.

The post The MLM Residual Income Myth appeared first on Ethan Vanderbuilt.

http://ethanvanderbuilt.com/2017/02/08/the-mlm-residual-income-myth/

02/09/2017 |

Enagic Kangen Water Scam? Yes It Is In My Opinion!

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Enagic Kangen Water Scam? Yes It Is In My Opinion!

Enagic Kangen Water ScamSpending thousands of dollars on a machine that changes the pH of your water sounds like a poor investment to me. Incredible claims are made about what this water can do for you.  Also, selling these machines is presented as an excellent business opportunity.  My subscribers have requested that I take a look into the Enagic Kangen Water business opportunity.  Here is what I have found.

Enagic Kangen Water Scam Claims

Here are some of the claims made by representatives to sell these machines:

Change Your Water, Change Your Life!

The benefits of Kangen water are numerous:

Promotes healthy weight loss.
Boost body’s immunity against disease.
Increases absorption of important vitamins and minerals
Even when you take your first delicious sip of Kangen water, you’ll immediately notice the difference, and you’ll wonder how you ever drank anything else! Kangen means “return to origin,” and that’s exactly what this water does! It helps the body fight and remedy conditions like:

Arthritis
Diabetes
Fibromyalgia
High Blood Pressure
Hot Flashes
Joint Pain
Migraines
Prostate Problems
Sleeping Disorders
Obesity
High Cholesterol

By using Kangen water on a regular basis, you can return your body back to its original healthy balanced state. – Source kangenwaterinfo.wordpress.com

Here is how this business opportunity is officially promoted:

Enagic Kangen Water Scam Presentation Video

Enagic Kangen Water Scam Reality

Enagic USA and its related branch offices are the dedicated distribution arm and marketing force for Enagic throughout the United States offering Kangen Water® ionization systems.

Enagic USA
4115 Spencer St.
Torrance, CA 90503, US

In 2001, Mr. Hironari Oshiro merged with a company in Japan by the name of Toyo Aitex. Mr. Oshiro then became the president of the Enagic company and the company was born. In 2003, Enagic entered the American market. – Source Kangenwaterhq

In my opinion, the stories that are used to sell these machines are ridiculous:

Miracle healing water wells have been known all over the world to exist in these parts of the world – Tlacote Mexico, Lourdes France, and Nordenau Germany.

People suffering from all kinds of illnesses travelled far to these parts of the world to treat themselves with “Miracle water”. Miraculously, many of them reported experiencing miracle healings after drinking the water.

Miracle Water in Your Own Home

In the 1950s, the Russians collected “Miracle water” samples in an attempt to discover its healing properties. They gathered one thing in common – Miracle healing water were water molecules that were micro-clustered and had high negative ORP reading.

In the early ’50s, the Japanese continued on the project and in a few years produced a portable sized alkaline water ionizer. They were subsequently approved by Japan’s Ministry of Health and used in hospitals since 1974.

Today 1 in 5 homes in Japan own a Kangen water machine. Now you can have one in your own home too.

– Source kangensingapore.com

Enagic’s water ionizers do a perfectly fine job ionizing water. The problem is ionizing water is of little use. So Enagic’s product itself is not a scam, but the promises that its representatives make about the health benefits of its products are.

Dr. Andrew Weil, a well-known book author and authority on nutrition from Harvard Medical School, was direct to the point when he said in one article: “The health claims for water ionizers and alkaline water are bogus. Save your money.” – Business.inquirer.net

The simplest reason that you know Alkaline water is a scam is that the stomach is always acid. If the acid is low, your stomach simply pumps in more. – Apswater.com

Drinking alkaline, oxygenated or ionized water does not change the blood pH level. – Fda.gov.ph

There is no sign-up fee to become a Distributor and no product purchase is required. It is, however, necessary to sell product to earn commissions, bonuses, and rank advancement.

You have to give up the commission for your first sale or you have to purchase equipment yourself to qualify for commissions. 

New representatives are sharing their commissions with potentially many other representatives above them who did not sell the product. A total of 8 points are paid out on each product sale, and the number of points paid to a Distributor is based upon his/her rank. Commission pay-out always begins with the Distributor that made the sale and is paid out up line from that point until all 8 points have been awarded.

The vast majority of a sales commission for a new representative is paid to their up line and not to the person who actually made the sale.

Here is interesting overview of this scam:

Without a doubt, MLM/Pyramid Scheme companies have been fleecing victims for decades and Kangen/Enagic is no exception; destroying families and tearing apart friends and communities. Most of these products are snake-oil “lotions and potions” promising to heal the sick and to extend life. Not one of them, however, likely ever has. In true Pyramid Scheme/MLM fashion, Kangen Distributors promise that their $4,000+ machine will extend life, cure cancer and at least 50 other ailments, and make the participant rich beyond their wildest imaginings (insert picture of big house, yacht and expensive sports car here). The company itself would never make such claims because they would be sued into non-existence. These “independent businesspeople”/distributors/network marketing consultants cite “miracle cure testimonials” by the dozens, yet credible research and formal case studies are of course predictably absent and lacking. If this machine actually cured disease, then it would surely be sold as a legitimate medical device and would be found in stores, clinics and doctors offices …. Distributors counter this argument by claiming a “medical conspiracy of the west” that aims to keep this “miracle cure” from the public (should this desperate argument surprise anyone?).

Clearly, the blatantly illegal words of pyramid schemers should not be trusted with regards to your health and treatment to serious diseases.

Furthermore, these MLM / Pyramid Scheme distributors are quick to wage war on anyone making critical posts about the company using Ad-Hominem attacks rather than addressing the legitimate criticisms that Kangen Water does not provide a proven cure or treatment for any disease or medical condition. They will typically accuse detractors as being from a competing company rather than addressing the issues presented (I myself don’t sell water filters/purifiers, etc. or work in the health care/MLM/water treatment industry so don’t even bother trying in the comments section). Just like all pyramid schemes and MLM scams, the vast majority of participants in the product lose money or make little to no money.

If Enagic Kangen Water machines were sold with no promises of riches, miracle cures or any health benefits then I would have no problem with it. – Source Pissedconsumer.com

In my opinion, this overview makes some very valid points.

Here are two complaints filed with the BBB that I think you will find interesting:

  1. Sales rep encouraged me to buy the bigger machine because the less costly machine did not have the beauty water, which it did also a cure of my cancer Same as above. Sales rep ***** Gray miss informed me about product and unfamiliar with details of product. I was diagnosed with cancer and I could not afford the bigger model. She stated the less expensive machine did not have the beauty water. After my research I researched the product and the less costly machine did have beauty water. I was also told my Cancer would be cured. I still have cancer and my condition has worsen. I have been drinking Kangen water for 2 years.
  2. Deceptive and untrue use of my name as being President Obama”s cardiologist in order to sell their machines. Company officials refused to rectify this I was cardiologist on call in the LA area for three US presidents, the last being Clinton. I was not their cardiologist, but just on call if they should have a problem while in LA. I was also on call for visiting dignitaries such as the Queen and Pope. I have virtually nothing to do with President Obama. I was recently considering a business arrangement with an MLM company. I was stunned that they declined a contract with me because I was SO HEAVILY INVOLVED with Enagic on the internet all over the world. I began to research the subject, and they apparently have been using my name and likeness to promote their product, kangen water for over four years. I was even more stunned to discover that their distributors were stating that I am actually Presidect Obama’s PERSONAL CARDIOLOGIST. They have displayed his likeness and mine, suggesting that he drinks kangen water. I have no relationship of any kind with President Obama. They have also displayed pictures of the Queen, Pope and me, also suggesting deceptive conclusions. I have never given Enagic permission to use my name or likeness. I called the US Enagic president, Mr. Go. and discussed this with him. I sent an email to him regarding this problem. Copies were sent also to the Enagic legal and compliance departments. Certified letters were also sent and and acceptance was confirmed. I spoke later with Mr. *** and he declined take any action. The company has the responsibility to regulate false advertising by their distributors, but will not do so because these ads make them so much money.

Cost

You have to give up the commission for your first sale or you have to purchase equipment yourself to qualify for commissions.

Products

K8 $4,980.00
Kangen® 8 The Mighty 8-Plate Anti-Oxidizer The Kangen® 8 is now Enagic®’s most powerful antioxidant machine.

Leveluk SD501 $3,980.00
LeveLuk SD 501 Enagic’s Flagship Model The industry-leading continuous ionized electrolysis water generator system.

Leveluk JRII $2,380.00
LeveLuk JRII The JRII has three solid electrode plates which reduces the energy consumption.

Anespa $2,390.00
Mineral Ion Water Spa Enjoy the soothing feeling of being in a Hot Spring Resort everyday!

Leveluk SUPER 501 $5,980.00
The Leveluk Super 501 is Enagic’s top of the line model for heavy home use.

Leveluk SD501U $4,980.00
Enjoy the quality and power of the SD501 right at your kitchen sink.

Leveluk SD501 Platinum 5-language $4,280.00
The LeveLuk SD501 Platinum now comes in ONE machine capable of speaking all notifications in FIVE languages.

Leveluk R $1,480.00
Simplicity marries High Quality.

– Source Enagic.com

Kangen water in 20 minutes.

Compensation Plan

Click Here for the Enagic compensation plan.

A total of 8 points are paid out on each product sale, and the number of points paid to a Distributor is based upon his/her rank.

Commission pay-out always begins with the Distributor that made the sale and is paid out up line from that point until all 8 points have been awarded. If a Distributor within 8 levels beneath you advances to a higher rank, your maximum pay could be reduced.

At any given rank, you earn the amount due for your rank, less the amount due to other distributors between you and the sale.

Rank advancement is based on a combination of direct and group sales, and it is not necessary to advance ranks one at a time. An advance in rank is always initiated by a direct sale, but a Distributor will advance to whichever rank is qualified for, based on total accumulated sales volume. Once a rank is achieved, it is always retained until the next rank is attained. A Distributor never has to start over and Distributors ranked 2A and higher can have an unlimited number of direct sales.

The distributor ranks are from 1A to 6A.

1A Distributor – Qualification to Achieve this Rank:

  • Personally sell one unit (a unit sold to one self is counted as a sale)
  • Each direct sale made as a 1A represents a new 1A team selling beneath you

6A Distributor – Qualifications to Achieve this Rank:

  • Accumulate total sales of 100 units (direct and indirect)
  • You must personally sell one additional unit to be paid as this rank.
  • Each direct sale made as a 6A represents a new 6A team selling beneath you.

Income Disclosure

No income claims, income projections nor income representation, nor showing of commission checks (“check waving”) may be made to prospective independent distributors. – Source Enagic Policies and Procedures

Return Policy

A full refund minus shipping fees will be granted only if a product is returned and received by Enagic USA, Inc. unused within seven (7) days of receipt.

A used machine returned after seven (7) days, but before one (1) month, of receipt will be charged a Processing fee.

A machine in any condition may NOT be returned for a refund after one (1) month following receipt.

Enagic Kangen Water Scam Conclusion

In my opinion, the Enagic Kangen Water business opportunity is a recruiting scam. Since the qualification for commissions can be made by a personal purchase of equipment, the incentive is to have new representatives purchase the equipment and recruit others to do the same. Even with the company telling them not to, representatives use deceptive health and wealth claims to get people to purchase the equipment and join the business opportunity. Drinking alkaline, oxygenated or ionized water does not change the blood pH level. The vast majority of a sales commission for a new representative is paid to their up line and not to them. Spending thousands of dollars on a machine that changes the pH of your water is a poor investment and a poor business opportunity. I would avoid the Enagic Kangen Water business opportunity.

The post Enagic Kangen Water Scam? Yes It Is In My Opinion! appeared first on Ethan Vanderbuilt.

http://ethanvanderbuilt.com/2017/02/06/enagic-kangen-water-scam-yes-opinion/

02/06/2017 |

“Can You Hear Me?” Scam

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“Can You Hear Me?” Scam

 “Can You Hear Me?” Scam

For the last few days of January, more than half of the reports to BBB Scam Tracker have been about  the “Can You Hear Me?” Scam.

The “Can You Hear Me?” scam has been used in the past to con businesses into purchasing office supplies and directory ads they never actually ordered, but now it’s targeting ordinary people.

Here’s how the scam works:

You get a call from someone who almost immediately asks “Can you hear me?” Their goal is to get you to answer “Yes,” which most people would do instinctively in that situation. There may be some fumbling around; the person may even say something like “I’m having trouble with my headset.” But in fact, the “person” may just be a robocall recording your conversation… and that “Yes” answer you gave can later be edited to make it sound like you authorized a major purchase.

Tips to avoid this scam:

  • Use Caller ID to screen calls, and consider not even answering unfamiliar numbers. If it’s important, they will leave a message and you can call back.
  • If someone calls and asks “Can you hear me?”, do NOT answer “yes.” Just hang up. Scammers change their tactics as the public catches on, so be alert for other questions designed to solicit a simple “yes” answer.
  • Make a note of the number and report it to bbb.org/scamtracker to help warn others. BBB also shares Scam Tracker information with government and law enforcement agencies, so every piece of information is helpful in tracking down scammers.
  • Consider joining the Do Not Call Registry (DoNotCall.gov) to cut down on telemarketing and sales calls. This may not help with scammers since they don’t bother to pay attention to the law, but you’ll get fewer calls overall. That may help you more quickly notice the ones that could be fraudulent.
  • Check your bank and credit card statements regularly for unauthorized charges. It’s also a good idea to check your telephone and cell phone bills, as well. Scammers may be using the “Yes” recording of your voice to authorize charges on your phone. This is called “cramming” and it’s illegal.

– Source BBB

The post “Can You Hear Me?” Scam appeared first on Ethan Vanderbuilt.

http://ethanvanderbuilt.com/2017/01/31/can-you-hear-me-scam/

01/31/2017 |

Swisscoin Scam Warning

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Swisscoin Scam Warning

Swisscoin Scam

Unregulated digital currencies are the prefect tool for scammers to take advantage of people. With the shutdown of GemCoin as a highlight, digital currencies have become a common component of online scams. My subscribers have requested that I take a look into Swisscoin. Here is what I have found.

“It is possible that in a few years physical banks will no longer exist, and there will come a new era of digital money. Don’t miss a chance to capitalize on the new cryptocurrency SwissCoin at its very beginning.” – SwissCoin

Here is how this money making opportunity is presented:

Swisscoin Scam Presentation Video

Euro Solution GmbH is the company behind Swisscoin.

Address: Alte Steinhauserstrasse 1, 6330 Cham

FINMA is Switzerland’s independent financial-markets regulator. FINMA maintains and publishes a warning list of companies and individuals who may be carrying out unauthorised services and are not supervised by FINMA. Swisscoin has been placed on this list.

The SEC in Nigeria has issued the following warning about Swisscoin:

The Commission, wishes to alert the public that none of the persons, companies or entities promoting cryptocurrencies has been recognized or authorized by it or by other regulatory agencies in Nigeria to receive deposits from the public or to provide any investment or other financial services in or from Nigeria. The public should also be aware that any investment opportunities promoted by these persons, companies or entities are likely to be of a risky nature with a high risk of loss of money, whilst others may be outright fraudulent pyramid schemes.

Swisscoin is running a scam that is nearly identical to OneCoin.  They are selling educational packages which include tokens that can in the future become digital coins.  They run this scam this way so that they can say that they are not an investment. You are not investing, but buying educational products.  This helps them avoid being shutdown by regulators.

Swisscoin is not a decentralized cryptocurrency.  It is controlled by the company and may not have any value in the future.

The company claims to handle the mining process that takes tokens and converts them into coins.  This is just the smoke and mirrors that allows them to control the money that enters this Ponzi scheme and when it is released to old investors. with Swisscoin 60% of the commission paid out is withdrawable, the remaining 40% must be reinvested.

This company is using the popularity of Bitcoin to get people to purchase investment packages in a valueless coin that is controlled by them. This is a Ponzi scheme that includes recruiting and MLM to maximize the amount of people that are brought into this scam.

They run you through a complex customer verification process that exposes you to identity theft.

The KYC-Procedure (Know Your Customer)

What must a SWISSCOIN member do to conclude this process?
The KYC process begins from now on. At that time the members are obliged to log in according to their back office accounts where they are guided how to proceed with the KYC process. These indications contain instructions for the documentation which must be submitted. We intend to have concluded this process on the 01st of September, 2016.

Which kinds of documents are allowed to ascertain the identity in this process?
According to the KYC norms two categories are collected by documents – one is a photographic proof of the identity and the other is a proof of the residence. According to status of the members account namely individual, group, business etc. different kinds of documents are allowed. The information on the forms should agree with the information provided in the members accounts. In the following the necessary KYC documents are listed for the different categories by members. Dear members!
Please note that you must upload the front and back pages of the password in 2 separate fields and the proof of address. Only after uploading of all 3 files you can continue the KYC process

Characteristics

Individuals:
Personnel documents
Photographic identity (more legally / N name / N and all the other used names)
Passport
Identity card
Electoral identity card
Driving licence

Address
Utility Bill like phone, electricity etc. (not older than 3 months)
Bank statement / savings book
official writing of the public administration with letterhead, e.g., confirmation of the registration office

Companies:
Name of the enterprise
Location of business
Address of the enterprise
Identity of the signatories
Certificate of Incorporation
Articles of Incorporation
Certificate of the ultimative economic owner

Personal societies, groups and endowments:
Legal name and address
Identity of all partners and their address
Identity of the signatories
Registration certificate
Companion’s contract
Certificate of the ultimative economic owner

Which steps must I take now to complete everything?
Log in according to your members back office account.
Make sure that your registered given name and surname is the same one, like on the documents which you submit for your personal account. (These both fields should contain only English signs.)
Make sure that also your email address and phone numbers are correct (these are compelling).

Tip: The bank account is not necessary and, hence, was left out for this process. There is from the 01st of January, 2017 a unique handling charge of 10€ for every personal account for this KYC process. This fee is drawn off automatically unique during the process from your personal account. This happens on account of the extensive administrative costs of third who are involved in this process.

Anonymous transactions are not permitted and the enterprise SWISSCOIN keeps strictly to anti-money-laundering directive and the realisation of procedure KYC in all aspects of their activity.

Products

Rookie Free
Trainee 25€ – 200 tokens and 1 Split
Tester-50 50€ – 500 tokens 1 Split
Tester-100 100€ – 1000 tokens 1 Split
Tester-250 250€ – 2500 tokens 1 Split
Tester-500 500€ – 5000 tokens 1 Split
Trader-1000 1000€ – 10,000 tokens 2 Splits
Crypto-Trader 2500€ – 25,000 tokens 2 Splits
Crypto-Maker 5000€ – 60,000 tokens 2 Splits
Crypto-Broker 7500€ – 90,000 tokens 3 Splits
Crypto-Manager 10,000€ – 120,000 tokens 3 Splits
Crypto-Director 15,000€ – 200,000 tokens 3 Splits

There is a 25€ administration fee due on the first package you purchase.

Compensation Plan

5 Income Opportunities

10% Direct Bonus

10% Fast Start Bonus

Up to 22% Team Bonus

One time qualification by 2 directly mediated Partner First Line, who bought at least one training pack for 25€. All BV’s are cumulated for all times. Team Bonuses are settled daily.

– 2% from 1.000 BV

– 4% from 5.000 BV

– 6% from 10.000 BV

– 8% from 25.000 BV

– 10% from 50.000 BV

– 12% from 100.000 BV

– 14% from 250.000 BV

– 16% from 500.000 BV

– 18% from 1.000.000 BV

– 20% from 5.000.000 BV

– 22% from 10.000.000 BV

Matching Bonus up to 20% and up to 11 levels deep

Matching bonus on the earnings of your own partners + unique qualification + daily settlement.

– 10% on the 2nd level

– 15% on the 3rd level

– 20% on the 4th level

– 15% on the 5th level

– 10% on the 6th level

– 5% on the 7th level

– 4% on the 8th level

– 3% on the 9th level

– 2% on the 10th level

– 1% on the 11th level

Diamond pool with 1% of the worldwide turnover

Depending on the career level you will receive 1-7 units from the Diamond Pool. The Diamond pool is paid 2 times a year.

Diamond: 100.000 BV, 1 Ruby – 1 units from Diamond-Pool

Blue Diamond: 250.000 BV, 1 Emerald – 2 units from Diamond-Pool

Green Diamond: 500.000 BV, 1 Diamond – 3 units from Diamond-Pool

Purple Diamond: 1.000.000 BV, 2 Diamond – 4 units from Diamond-Pool

Red Diamond: 5.000.000 BV, 5 Diamond – 5 units from Diamond-Pool

Black Diamond: 10.000.000 BV, 10 Diamond – 6 units from Diamond-Pool

Double Black Diamond: 50.000.000 BV, 20 Diamond – 7 units from Diamond-Pool

Bonus and career levels remain forever.

Almost all commissions paid out by Swisscoin are split using a 60%/40% ratio.

60% of the commission paid out is withdrawable, the remaining 40% must be reinvested.

Income Disclosure

Neither a certain income nor any particular profit or success is guaranteed to the business partner.

Swisscoin Scam Conclusion

In my opinion, Swisscoin is a Ponzi scheme that is linked with a pyramid recruiting scheme disguised as a new digital currency. They use the history of the increasing value of bitcoins to sucker you into their scam. Each individual who profits does so primarily from the payments of others who are themselves making payments in order to obtain their own profit. Avoid the Swisscoin scam.

The post Swisscoin Scam Warning appeared first on Ethan Vanderbuilt.

http://ethanvanderbuilt.com/2017/01/26/swisscoin-scam-warning/

01/27/2017 |

The Little Black Book Of Scams

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The Little Black Book Of Scams

The Little Black Book Of Scams

I love a great scam busting idea and this is one of them: The Little Black Book Of Scams.  This book has been put together to help people avoid the many scams that are out there trying to take advantage of them.  By reading this book you can learn to spot, avoid, and protect yourself against scams.

It is a free download and I will provide you with a link to it below.  I think you will enjoy it and find it of value.

Here are some key sections from The Little Black Book Of Scams:

Everyone is vulnerable to scams so everyone needs information about how to identify and avoid being scammed. Some people think that only the gullible and greedy fall victim to scams. The truth is scammers are clever and if you don’t know what to look out for, anyone can fall victim to a scam.

How Scams Work—The Anatomy Of A Scam

If you look carefully at all of the different types of scams, you’ll soon notice that most scams go through three stages: (1) approach; (2) communication; and (3) payment.

Understanding the basic parts of a scam will help you to avoid the current crop of scams and to be on guard against new scams that emerge in the future.

1. The Approach

When scammers approach you it will always come with a story designed to make you believe a lie. The scammer will pretend to be something they are not, a government official, an expert investor, a lottery official or even a romantic admirer.

To deliver these lies to you, scammers will use a range of communication methods:

  • Email
  • Social Media
  • Online Shopping
  • Classifieds
  • Auction Sites
  • Dating Sites
  • Online Forums
  • Phone Calls
  • Text Messages
  • Door-to-door
  • Mail

2. Communication And Grooming

If you give them a chance to talk to you, they will start using tricks in their scammers’ toolbox to convince you to part with your money.

  • Scammers spin elaborate, yet convincing stories to get what they want.
  • They use your personal details to make you believe you have dealt with them before and make the scam appear legitimate.
  • Scammers may contact you regularly to build trust and convince you that they are your friend, partner or romantic interest.
  • They play with your emotions by using the excitement of a win, the promise of everlasting love, sympathy for an unfortunate accident, guilt about not helping or anxiety and fear of arrest or a fine.
  • Scammers love to create a sense of urgency so you don’t have time to think things through and react on emotions rather than logic.
  • Similarly, they use high pressure sales tactics saying it is a limited offer, prices will rise or the market will move and the opportunity will be lost.
  • A scam can have all the hallmarks of a real business using glossy brochures with technical industry jargon backed up with office fronts, call centers and professional websites.
  • With access to the internet and clever software it is easy for scammers to create counterfeit and official-looking documents. A document that appears to have government approval or is filled with legal jargon can give a scam an air of authority.

The scammer’s tools are designed to get you to lower your defenses, build trust in the story and act quickly or irrationally and proceed to the final stage—sending the money.

3. Sending The Money

Sometimes the biggest clue you will have that it is a scam is the way the scammer asks you to pay.

Asking for money can come within minutes of the scam or after months of careful grooming. Scammers have their preferences for how you send your money.

Scammers have been known to direct victims to their nearest money remittance location (post office, wire transfer service or even the bank) to send money. They have been known to stay on the phone, give specific instructions and may even send a taxi to help with this. Scammers are willing to accept money by any means and this can include direct bank transfers, preloaded debit cards, gift cards, iTunes cards or virtual currency such as Bitcoin. Any request for payment by an unusual method is a tell-tale sign that it is part of a scam.

Credit cards usually offer some protection and you should also look for secure payment options where ‘https’ appears in the web address and the site has a closed padlock symbol.

Don’t send money to someone you have only met online or over the phone—especially if they are overseas.

Be aware that scammers can also ask for payment in the form of valuable goods and expensive gifts such as jewellery or electronics. Paying money to scammers isn’t the only thing you should worry about—if you help transfer money for a stranger you may unwittingly be involved in illegal money laundering activities.

The Golden Rules To Protect Yourself

Be alert to the fact that scams exist. When dealing with uninvited contacts from people or businesses, whether it’s over the phone, by mail, email, in person or on a social networking site, always consider the possibility that the approach may be a scam. Remember, if it looks too good to be true, it probably is.

Know who you’re dealing with. If you’ve only ever met someone online or are unsure of the legitimacy of a business, take some time to do a bit more research. Do a Google image search on photos or search the internet for others who may have had dealings with them.

Do not open suspicious texts, pop-up windows or emails—delete them. If unsure, verify the identity of the contact through an independent source such as a phone book or online search. Don’t use the contact details provided in the message sent to you.

Keep your personal details secure. Put a lock on your mailbox and shred your bills and other important documents before throwing them out. Keep your passwords and pin numbers in a safe place. Be very careful about how much personal information you share on social media sites. Scammers can use your information and pictures to create a fake identity or to target you with a scam.

Beware of unusual payment methods. Scammers often ask for payment by wire transfers, preloaded cards and even iTunes cards and Bitcoin. These are nearly always a sign that it is part of a scam.

Keep your mobile devices and computers secure. Always use password protection, don’t share access with others (including remotely), update security software and back up content. Protect your WiFi network with a password and avoid using public computers or WiFi hotspots to access online banking or provide personal information.

Choose your passwords carefully. Choose passwords that would be difficult for others to guess and update them regularly. A strong password should include a mix of upper and lower case letters, numbers and symbols. Don’t use the same password for every account/profile, and don’t share your passwords with anyone.

Beware of any requests for your details or money. Never send money or give credit card numbers, online account details or copies of personal documents to anyone you don’t know or trust. Don’t agree to transfer money or goods for someone else: money laundering is a criminal offence.

Be careful when shopping online. Beware of offers that seem too good to be true, and always use an online shopping service that you know and trust. Think twice before using virtual currencies (like Bitcoin)—they do not have the same protections as other transaction methods, which means you can’t get your money back once you send it.

The following types of scams are covered in detail:

  • Dating and romance scams
  • Investment scams
  • Threat and penalty scams
  • Unexpected money scams
  • Prize and lottery scams
  • Online shopping, classifieds and auction scams
  • Scams targeting computers and mobile devices
  • Identity theft
  • Job and employment scams
  • Charity and medical scams
  • Small business scams

The Australian Competition and Consumer Commission (ACCC) is the creator of The Little Black Book Of Scams.

Click Here to download The Little Black Book Of Scams.

The post The Little Black Book Of Scams appeared first on Ethan Vanderbuilt.

http://ethanvanderbuilt.com/2017/01/23/the-little-black-book-of-scams/

01/23/2017 |

Recyclix Scam? Yes It Is In My Opinion!

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Recyclix Scam? Yes It Is In My Opinion!

Recyclix Scam

My subscribers have requested that I take a look at the Recyclix money making opportunity. Is it a good idea to invest your money in waste with a company based in Poland? When it comes to investments it is very important to look for companies that offer detailed audited financial information that shows profits. Recyclix claims as an investor you can generate high and stable revenue by purchasing waste, processing it, and then selling it. This does not pass my scam smell test, but let’s take a look.

Recyclix Scam Claims

Generate high and stable revenue by purchasing waste, processing it, and then selling it.

By placing your capital in waste, you provide yourself with the best and most reliable asset because nowadays you can resell it. Secondary product that has been recycled always costs much higher than the raw material.

We are engaged in the process of refining – you get profit.

Our unique income management system combines everything that one needs to receive high and stable income: efficiency, transparency, and user-friendliness. We work so that you don’t lose a cent and earn more to contribute to the environment and your future.

Recyclix Scam Promotional Video

Recyclix Scam Reality

Founder/ CEO: Dmitri Paladi

Dmitri Paladi

Address: Poligonowa 28 A, 18-400 Lomza, Polska

Poligonowa 28 A, 18-400 Lomza, Polska

Their website domain was created on 2-9-2015. Recyclix claims they have been operating in the waste recycling market for many years and for this period they have succeeded in establishing trust-based and mutually beneficial relationships with hundreds of clients.  They have not provided any financial information prior to 2015.  I do not believe their claims.

No prospectus is provided by Recyclix for this investment. The proof that is provided that this is a legitimate business is tours of recycling plants.

Click Here for the only financial report that I have been able to find for this company.

When you create an account with Recyclix you gain access to the back-office where you can purchase waste and units.  This is where you can invest and monitor your investments.

All users have a default waste quota of 5000 kg (1000 EUR worth). This is to make sure that all waste packages can be processed as per the current capacity of our facilities. If you wish to buy more than your initial quota, you will have to buy usufructuary rights for the equipment used to process these wastes.

Units you can purchase:

  • Forklift
  • Sorting
  • Shredder
  • Washing
  • Granulator

Recyclix Back-Office

The recycling process according to them takes weeks. This is clearly not a real time indicator of how long it actually takes to recycle plastic.

If you want to sell the material after the first or the second cycle, you will have a negative account balance since the revenue share won’t be sufficient for creating a positive difference in price. Understand that you will not be able to maximize your profit rate if you only buy a lot of waste without any equipment.

CarbonLITE in California processes 300,000 lbs of plastic per day.

Most contracts allow a municipality to drop off a truckload of recyclables, namely cardboard, paper, aluminum, rigid plastics and glass, at the recycling company at no cost. In addition, it is expected that the municipality will also share in revenue earned from the sale of the recyclables after the recycling company has covered its processing costs. – Source Greenbiz.com

The National Commission for Companies and the Stock Exchange (CONSOB) in Italy asked Recyclix to provide evidence they were getting their profit from selling recycled plastic and Recyclix refused to do so. Now CONSOB has blocked Recyclix from offering their investment in Italy:

CONSOB (the National Commission for Companies and the Stock Exchange) has adopted (under the terms of Art. 99, paragraph 1, lett. d), of the CLF) a measure prohibiting the offering to the public resident in Italy made by the company Recyclix SP. Z.O.O., regarding investments of a financial nature promoted also through the website www.recyclix.com (Resolution no. 19799 of 6 December 2016). This is because the offering was made in breach of artt. 94 et seq. of Italian Legislative Decree no. 58/1998, concerning the obligation, for anyone intending to make a public offering, to send in advance to CONSOB a prospectus destined for publication. The offering had already been suspended by CONSOB for 90 days as a precautionary measure with Resolution no. 19723 of this past 14 September. The Commission reminds you that, under the terms of Art. 101, paragraph 2, of the said decree the distribution of all advertisements regarding public offerings of financial products other than community financial instruments is prohibited before a prospectus has been published.

All advertisements related to the offering must consequently be considered forbidden. – Source Consob.it

It is my opinion, Recyclix is running a Ponzi scheme. They are using waste and recycling plants that you can tour as a cover for their scam. They are using newer investor money to pay old investors.  They use an arbitrary 5 week recycle time frame and the ability to cycle your investment for more profits to keep money in the Ponzi as long as possible.

Recyclix clearly merges user funds for their business activities:

Recyclix Sp.z o.o may merge these funds with the funds of other Users and its proprietary funds. These merged funds may be used for our mutual corporate aims or other business activities. However, Recyclix Sp.z o.o. shall in any case pay or return you the funds according to this Payment Policy and the Terms of Use. – Source Recyclix.com

Here is how this scam has been summed up:

So, in a nutshell, it has the usual range of pretend user-defined ‘options’ to give them the sense that they have control, plus the all-important ‘profit-compounding’ selector which keeps your money in the scammers pockets and, as a bonus for themselves, they even have an additional layer of security, the scammers I mean, not the users, in terms of knowing how long they’ve likely got your money for through selecting a commitment to a number of goes on the gravy-train ‘cycles’ which, clearly, is going to be incredible useful for the Ponzi calculator to be able to keep the scammers up to speed on making sure that incoming deposits are always greater than any outgoing withdrawals. – Source Bitcointalk.org

I agree with this summary.

I can play the same game Recyclix is playing too. Here is the Brooklyn Bridge. You can take a tour of it any time you want.

Brooklyn Bridge

I am selling it. Now give me your money.

Cost

It is free to create an account. You need to invest in trash to make money.

There is a €20 registration bonus. You have to invest money to take advantage of the bonus.

Waste: €0.20

All users have a default waste quota of 5000kg (1000 EUR worth). This is to make sure that all waste packages can be processed as per the current capacity of our facilities. If you wish to buy more than your initial quota, you will have to buy usufructuary rights for the equipment used to process these wastes.

Forklift Share: €1 Increase recycling quota +25 kg

Sorting Share: €10 Increase recycling quota +60 kg

Shredder Share: €25 Increase recycling quota +100 kg

Washing Share: €50 Increase recycling quota +140 kg

Granulator Share: €100 Increase recycling quota +100 kg

Products

They offer no products for you to sell to customers. You can invest or invite others to invest.

Compensation Plan

You can make a deposit via credit cards and Bitcoin as well as wire transfer. After making the deposit, you will be able to choose in what way to make your money work for you.

Firstly, you can purchase waste for recycling. Secondly, you can buy regrind material that is produced from plastics and is used for making granules. Thirdly, you can purchase a share in equipment in order to contribute to the factory’s growth and receive benefits.

Depending on your choice and several factors like cycle duration, volume of recycled material, current climate on the recycling market, and factory growth rate, you will receive a revenue share.

You can vary your earnings by buying more waste and opting for an unfinished or full recycling cycle.

Also, you can earn by attracting new partners for Recyclix and receiving 12% every time they deposit through card, bank account, or BTC.

PAYMENTS

The minimum deposit amount is 20 EUR. The maximum one-time deposit via credit cards is capped at 500 EUR, Bitcoins and wire transfer deposits are not limited.

The minimum payout amount is 20 EUR. The maximum payout amount via Paypal is capped at 500 EUR, Bitcoins at 5,000 EUR and wire transfer at 10,000 EUR.

EARNING WITH RECYCLIX

You receive 6% from the amount of recycled material after the 1st recycling cycle that takes 3 weeks.

Then you receive 8% more from the difference in price of the material after the 2nd recycling cycle that takes 2 weeks.

Totally, you receive 14% from the amount of recycled material after the full recycling cycle that takes 5 weeks.

The number of full recycling cycles is not limited.

If you want to recycle large amounts of waste with the value from 1000 to 27,000 EUR, or 5000 to 135,000 kilos of waste, you will be provided new opportunities to generate even more profits by purchasing shares in recycling equipment.

By purchasing available shares in the recycling equipment, you will be able to boost your profit from 14% for the entire recycling cycle to 50% upon sale of the granules.

Funds spent on purchase of the production facilities are non-refundable since they give you unlimited benefits for receiving higher profits.

RECYCLING EQUIPMENT

You can purchase 5 different equipment units at our factory.

FORKLIFT

Used for transporting waste within the factory premises. Increases the amount of waste you can purchase but doesn’t influence the revenue share.

The maximum purchase amount of forklift shares is а 20,000 EUR.

SORTING LINE

Used for sorting out the waste for its further recycling. Increases the amount of waste you can purchase and your revenue share from by 4% to 8% to 32%.

The maximum purchase amount of sorting line shares is 20,000 EUR.

SHREDDER

Used for speeding up the grinding process of waste for its further recycling. Increases the amount of waste you can purchase and your revenue share from by 5% to 9% to 33%.

The maximum purchase amount of shredder shares is 30,000 EUR.

WASHING LINE

Used for speeding up the washing process of the material. Increases the amount of waste you can purchase and your revenue share from by 7% to 10% to 35%.

The maximum purchase amount of washing line shares is 40,000 EUR.

GRANULATOR

Used for melting and molding the final product, granules. Increases the amount of waste you can purchase and your revenue share from by 8% to 13% to 50%.

The maximum purchase amount of granulator shares is 50,000 EUR.

IMPORTANT TIPS

If you want to sell the material after the first or the second cycle, you will have a negative account balance since the revenue share won’t be sufficient for creating a positive difference in price.

For example, you buy waste for 100 EUR and then sell granules after the completion of the full cycle for 300 EUR. Your profits for the first cycle will be 6 EUR.

Your profits will depend on your revenue share and amount to at least 25% according to the rules. This way, you will receive 25% from 300 EUR or 75 EUR. Overall, you will earn 6 EUR and 75 EUR or 81 EUR after the full recycling cycle.

We recommend you to take the production process information displayed on our website seriously and purchase shares of the necessary equipment sensibly so that you can achieve the ideal ratio of raw material and equipment costs.

Understand that you will not be able to maximize your profit rate if you only buy a lot of waste without any equipment.

In order to transfer your earnings to your account balance after the completion of the full cycle, you must click on RECYCLE button and not on SELL button.

The profit amount upon selling of regrind material or granules is calculated this way through multiplying the material quantity by the revenue share. The revenue share depends on the amount of funds you have spent on equipment and varies from 25% to 50%. The material is sold at the market price on the selling day.

– Source Recyclix.com

Income Disclosure

None is provided.

Refund Policy

After topping up your account balance via any of the payment methods available in the Member’s area, you will be able to refund this deposit within 48 hours by contacting the support services of the Service Provider or writing a message at refund@recyclix.com. If necessary, you will need to provide the Service Provider with additional data for refund. Therewith, you accept that the refund amount will be fewer than the deposit amount by the amount which is necessary for processing payments. More detailed information on the commission fee may be received in writing upon individual inquiry. The deposit will be refunded within 5 days.

All sales of unit shares are final and non-refundable.

– Source recyclix.com

Recyclix Scam Conclusion

It is my opinion, Recyclix is running a Ponzi scheme. They are using newer investor money to pay old investors. They use an arbitrary 5 week recycle time frame and the ability to cycle your investment for more profits to keep money in the Ponzi as long as possible. No prospectus is provided by Recyclix for this investment. The proof that is provided that this is a legitimate business is tours of recycling plants. The National Commission for Companies and the Stock Exchange (CONSOB) has blocked Recyclix from offering their investment in Italy.  I would avoid the Recyclix money making opportunity.

The post Recyclix Scam? Yes It Is In My Opinion! appeared first on Ethan Vanderbuilt.

http://ethanvanderbuilt.com/2017/01/16/recyclix-scam-yes-opinion/

01/16/2017 |

350,000 Victims of Herbalife’s Scam Receive Checks

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350,000 Victims of Herbalife’s Scam Receive Checks

350,000 Victims of Herbalife’s Scam Receive Checks

The Federal Trade Commission is mailing checks to nearly 350,000 people who lost money running Herbalife businesses. The checks are the result of a July 2016 settlement with the FTC that required Herbalife to pay $200 million and fundamentally restructure its business. This represents one of the largest distributions the agency has made in any consumer protection action to date.

“We are pleased to announce that hundreds of thousands of hard-working consumers victimized by Herbalife’s deceptive earnings claims will receive money back,” said Jessica Rich, Director of the agency’s Bureau of Consumer Protection. “Along with changes the company will make to its business structure, this is a win for consumers.”

The FTC used Herbalife’s records to determine who would receive a refund and the amount of each check. Generally, the FTC is providing partial refunds to people who ran a Herbalife business in the United States between 2009 and 2015, and who paid at least $1,000 to Herbalife but got little or nothing back from the company. Most checks are between $100 and $500; the largest checks exceed $9,000.

Here are some lessons MLMs can take from this:

False or unsubstantiated earnings claims violate the FTC Act. Established truth-in-advertising standards apply to all companies within the FTC’s jurisdiction, and that includes MLMs. Every MLM case the FTC has brought to date has alleged – among other things – misleading money-making representations. Some MLMs use limos, luxury, and lavish lifestyles as the bait to lure consumers, but their pie-in-the-sky promises turn out to be half-baked. Others try a subtler approach, appealing to consumers’ desire to be their own boss, spend more time with their children, or secure their families’ financial future. Regardless of whether it’s hard sell or soft soap, deception is deception. And let’s face it: The facts bear out that very few MLM participants earn more than a small amount of supplemental income. That’s why it’s unwise for MLMs to make earnings claims – expressly or by implication – that don’t reflect what typical participants achieve.

Monitor the claims your distributors are making. Some industry members may respond, “We never make earnings claims!” Maybe not, but what are your distributors saying? Even a truthful income testimonial can be misleading if typical distributors are unlikely to achieve those results. And if your distributors are making misleading claims, you could be liable. MLMs should have an effective monitoring program to ensure that distributors comply with the law and aren’t conveying misleading claims. In addition, MLMs should provide sufficient information and training so that prospective recruits have a realistic picture of the business.

At the heart of a legitimate MLM are real sales to real customers. For companies acting within the law, the business is driven by selling products to real customers. Who do we mean by “real customers”? People unaffiliated with the company who actually buy and use the product the MLM sells – real retail sales, in other words. And by “real sales,” we mean sales that are both profitable and verifiable – retail sales that can be confirmed. Contrast that with MLMs built primarily on bringing in more and more recruits and racking up sales to other insiders. Very few people are going to make money and most participants will be left in the lurch.

Make sure compensation and other incentives are tied to real sales to real customers. The FTC complaints against Herbalife and Vemma challenged compensation structures that rewarded distributors without regard to retail sales. The court-enforceable orders in those cases require the companies to dismantle those systems. In their place, Herbalife and Vemma must implement systems that incentivize participants to sell products to people outside the network. Is it time to take a closer look at your MLM’s compensation structure?

Recipients should deposit or cash checks within 60 days. The FTC never requires people to pay money or provide account information to cash refund checks. If you have questions about the case, contact the FTC’s refund administrator, Analytics Consulting LLC, at 855-561-1178.

– Source FTC

Herbalife Settlement FAQs

The post 350,000 Victims of Herbalife’s Scam Receive Checks appeared first on Ethan Vanderbuilt.

http://ethanvanderbuilt.com/2017/01/10/350000-victims-herbalifes-scam-receive-checks/

01/10/2017 |

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