Saturday, August 19, 2017

Can you trust this new company called TresMore? Investigation Part 1

Recently, MLMSkeptic came upon something called TresMore. It sparked my interest because it is heavily marketed toward Asians, with a Chinese name 特利多 (te-li-duo, lit: special profit plenty) and websites in Taiwan, China, and even Malaysia, this thing was basically promising $$$$ for merely shopping, which, as you can imagine, can't possibly work. The premise of paying 20% of retail value just to get your shopping data makes absolutely no sense! Even supermarkets and such don't give you 20%... more like... 2% and coupons.

In fact, this is almost an exact clone of a suspect scheme call Saivian. You can do research on that yourself. Or just read the BehindMLM review.

Researching Tresmore


First, let's look up Tresmore.com  Wow, all these "business partners", eh?

Screencap of Tresmore.com  official Tresmore website. Claims all these
 are business partners. But which ones are real, and which ones are fake? You may be
surprised at the results, once we do a little research, and you can verify for yourself. 
But which one is real? And which ones are pretenders? Let's look a little closer.

TresMore address is 3235 Satellite Blvd, Ste 290, Duluth, GA 30096

That means they rent an office from that building. Suite 290, remember?

Now let's look up their corporate info via Georgia State Website  https://ecorp.sos.ga.gov/BusinessSearch

Registered 3/11/2017 by Chae Chang, why 290B vs 290?
What about filing history?
Well, there is a Tresmore LLC... registered March 2017 by a Chae Chang. Hmmm...  However, if you go into filing history and access the company formation papers, you'll see another name, Sang Lee.

Two people responsible, a Chae Chang, and a Sang Lee, for Tresmore. 
Let's go down the list. So what is EsolutionTG? (item 1)


Sunday, August 13, 2017

Critical Analysis of a R+F consultants denial that R+F is a pyramid scheme

Recently my news feed came across an R+F consultant (that's Rodan and Fields, an MLM cosmetics brand) denying that R+F is a pyramid scheme. Does her denial make sense?

She started out by casting a wide net, basically stating "I hear that from time to time... (some people) believe RF is a scheme... (but) RF isn't like that"

Then she immediately went into defensive dilemma, which means "if you say it to my face, I will assume that 1) you don't know me and I don't know you, or 2) you don't know what you're talking about"

But does the author know what she's talking about?

She never explained what a pyramid scheme is, or how R+F is not like that. She simply claimed that R+F is a legitimate company. But that's interesting are the two factors she cited in her denial.

We are different: really?

According to the author, "If you’re looking at a company’s payroll by levels of income, it’s probably going to resemble a pyramid. The owner is at the top and earns the highest salary, everyone else trickles down.  Right out of the gate, we are different."

Basically, the author is saying that R+F is NOT like a traditional company where the owner is NOT earning the highest salary, isn't it?

Unfortunately, it seems the author is merely half-right. Because R+F is run by Chairman Amnon Rodan (Dr. Katie Rodan's husband) and President/CEO Diane Dietz. Drs. Rodan and Fields own most of R+F. They pocket most of the profit, just not a direct salary.

R+F press release says they achived 626.9 million revenue in 2015, and maybe a billion in 2016. You can be sure all the top execs took home MILLIONS in salaries or other compensations.

It's definitely NOT as different as the author implied.

Monday, August 7, 2017

What you can learn from the EuroFX scam that targetted Chinese victims

EuroFX is supposedly a forex trading company that started in 2012, has 13 year experience, and promised fat returns. It was shut down as a pyramid scheme in China in 2014, with possibly tens of thousands of victims that spread from the US to Phillippines, with possible amounts exceeding 2 billion USD.

What's interesting is the scope of the fraud: this involved Britons, Aussies, Singaporeans, and possibly more, with possible fake names and dozens of companies registered in UK and New Zealand and Australia.

The alleged head was a Briton by the name of David Byrne, and they promise returns of 6 -16% PER MONTH if you can invest up to 250K.  He presented himself as either CEO or Acting CEO. However, when investors caught up with him later after EuroFX's collapse, he claimed either he was only onboard for less than a year, or he's only "consultant CEO".

Whether David Byrne was guilty of collusion was NOT the issue. It's the matter of perception.


Myth: Companies registered in the UK are required to follow all UK law. 

Reality: Companies registered in the UK, but not sell to UK citizens, are NOT governed by UK law. In other words, a UK registered company can cheat and scam non-UK people, and UK law enforcement can do NOTHING about it.

That's what happened in EuroFX, were ActionFraud, the UK fraud hotline, received multiple tips about EuroFX, and even investigated, but ultimately determined that it is NOT within UK jurisdiction as it sold nothing to UK residents and citizens.

Basically, UK biz registration is worthless.

Not that you can rely on just a biz registration to determine if a business is legit any way.

But the point that companies can hire temporary CEOs is the other thing to take away... the alleged CEO is just a part of marketing.


Also see following links:

http://fortune.com/2016/08/13/eurofx-pyramid-scheme-china/

https://atozforex.com/news/why-the-west-ignores-british-ponzi-schemes/

http://eurofxvictim.weebly.com/ (Chinese/English site set up by victims to preserve evidence)



Monday, July 31, 2017

Wareable agrees: HELO LX is overpriced and should be avoided

I'll leave you to go read it on their site:

https://www.wareable.com/fitness-trackers/helo-lx-band-multi-level-marketing-9876

But the most hilarious part is a HELO rep then offered the reviewer, who just gave them a bad rating, a free sample, as if that'll change the reviewer's mind!



DSA's latest attempt to destroy direct selling: Moolenaar Amendment

Direct Selling Association is supposed to be promoting direct selling. Instead, for the past several decades, DSA has been trying to destroy direct selling by killing legislation that would have promoted retail, and promoting legislation that discouraged retail. This is actually not a surprise as DSA is really a lobbying group by the largest MLM companies like Amway, Avon, Herbalife, and so on.

In July 2017, DSA launched its latest attempt to destroy direct selling by trying to attach a rider to the current budget appropriations bill for FY18, known as the Moolenaar Amendment. It claimed that there is no Federal law that defined a pyramid scheme, and this bill would define one. The problem is, this is at best, a half-truth.

The US courts and FTC already have an existing definition of a pyramid scheme: The Koscot Test.  MLM attorney Jeff Babener called it "a twenty-year standard", back in 2001. So by now, it's a 36-year-old standard.  DSA, in its "selective blindness", pretended this standard does not exist so it can substitute a LOOSER definition instead.

DSA's previous attempt to pass a bill, deceptively titled "Anti-Pyramid Promotional Scheme Act of 2016", never made it out of committee. This time, by attaching the failed legislation to the appropriations bill, DSA hope it will sail through until various consumer organizations called them out.

But what is wrong with this piece of legislation, vs. the existing standard?

While on the surface the bill sounds rather clear, it contains several interesting bits of language designed to erode the definition over all.

But first, let us go back to the Koscot Test, and how it stood for 36 years (and counting).

Tuesday, July 18, 2017

IPro Network (IPN) and the MLM Game of Telephone: garble up the message to sound better

Recently I came across a comment about IPro Network on BehindMLM.

First, what is iPro Network? Some generic discount network based on some generic altcoin they are billing as some fantastic e-commerce opportunity, you should buy into the currency despite there's no proof that it was widely adopted (since there are tons of altcoins out there). It's so fantastic, there is absolutely NO TRACE of the CEO on the internet (other than on their own website), who wears a clearly wrong size shirt (he can't even button his collar), despite claiming "15 years experience".

Anyway, here's the comment about why is the review so hard on a "legitimate" opportunity.

"Bill Antonio": "Oz I appreciate you trying to protect marketers from scams but why is it that you seem to criticise every business opportunity and preventing people from making money online from legit companies. IPN has been endorsed by Scott Warren a most sought after MLM Lawyer as IPN has met all the compliance guidelines and has also being endorsed by well-known entrepreneur Kevin Harrington from Shark Tank who is highly respected in the business world.They also have sought after motivational speaker Jay Abraham who is in the same league as Anthony Robbins. These people will never be involved in any scams.

Okay, there are a couple things to note:

1) Did Scott Warren, an MLM lawyer, "endorse" IPro Network?

2) Did Kevin Harrington (Shark Tank) endorse IPro Network?

3) Does Jay Abraham work for IPro Network?

Not surprisingly, the answer is "no proof of such" in each and every case.

This is like the game of telephone, where somehow message was distorted into whatever the promoter wanted to say, instead of the REAL content.


So what is the truth? Let MLMSkeptic lead you to some discovery.


Thursday, July 13, 2017

More HELO band hilarity: it can read your wrist when you're not wearing it

Someone spotted this gem from the official HELO FAQ

HELO FAQ: "When you don’t wear it (HELO band),
it still reads something literally from the air" 

That's right, this band is so fancy, you don't even need to wear it for it to sense your body.

WTF?! This is so bogus, I'm surprised anybody would fall for **** like this.

For other HELO band hilarity, read my original article.