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CB Bad Business Partners Review of XL Results Foundation Pte Ltd.
XL Results Foundation Pte Ltd.

XL Results Foundation Pte Ltd. review: Online scam! 2

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Roger Hamilton and the XL Results Foundation - Consumer Warning!Allegations of unfair conduct and misrepresentation from hundreds of disgruntled clients on three continents will not stop a self-styled "wealth consultant" peddling his wares to consumers across the United Kingdom this coming week. Mr Roger Hamilton, Chairman of XL Results Foundation Pte ltd (registered in Singapore: 200107729C) will be in the United Kingdom on a whistle stop tour attempting to extract USD$12,000 from small business owners in Edinburgh and London at a free breakfast event. Mr Hamilton is facing legal allegations in Singapore and Asia he is operating an elaborate pyramid scheme masquerading as a social enterprise.

Both Mr Hamilton and his UK promoter Mr Daniel Priestley are alleged to be operating a criminal business. XL is using public funds - members fees to block legal requests for full disclosure of the XL accounts amidst allegations it is a multi million dollar global pyramid scheme with the revenue source the recruitment of individuals into the scheme.

XL Results Foundation has gone to extensive measures to protect the scam including defaming and bullying a former employee, suggesting journalists reporting the scam did not do due diligence and creating a scam Blog warning after 150 disgruntled members joined forces to put pressure on the company to refund more than $1 million in refunds.

The former employee has been legally gagged since 2004 by XL Results Foundation.

In Singapore a petition was organized against XL by a community activist Ms Ann Phua to assist more than 100 Singaporean's demanding their money back amidst claims they were duped, cheated and money promised to charity by Mr Hamilton was pocketed. Members also claimed the umbrella company of XL Results Foundation (Competitive Edge Pte Ltd) did not have a prospectus to sell shares in the company and is a pyramid scheme inducing members to earn a commission on the recruitment of new members into the scheme.

XL Results Foundation pte ltd has been the subject of intense media scrutiny in Singapore, Australia and New Zealand. Global Consumer Association websites have issued consumer warnings against XL in the US, Australia and the United Kingdom. XL Results Foundation is promoted by Mr Daniel Priestley of Triumphant Events in the United Kingdom, St John's House, St John's Square London. www.triumphantevents.com

Individuals who are considering buying a life membership from Mr Roger Hamilton of XL Results Foundation or his associates are advised to do due diligence and contact their relevant consumer association if they have purchased a life membership from the company. Individuals outside of Singapore who purchase a membership have no legal recourse against the company.

Roger Hamilton Entrepreneur Breakfasts:
XL Life Membership Recruitment Drives:

Venue to avoid:

Tuesday 12th February
The MacDonald Roxburghe, Edinburgh
7.30am

Wednesday 13th February
Hilton London, Kensington (Holland Park)

Thursday 14th February
Hilton London, Kensington (Holland Park)

For further information:

http://www.stuff.co.nz/4287069a6442.html
http://www.brisbanetimes.com.au/articles/2007/05/30/1180205312469.htm
http://www.businessesfromhell.com/topic.asp?TOPIC_ID=401
http://rogerhamilton-xl.blogspot.com/
http://badbusinessbureau.com/reports/0/285/RipOff0285883.htm
http://quick.catchfriday.com/2007/12/22/redesign-your-life-by-eliminating-social-networks-like-ecademy.aspx
XL Results Foundation — Charity fraud!

2 comments
F
F
Fraud/Abuse/Scam
somewhere, US
Jun 03, 2008 8:06 pm EDT

The posting by XL Results Foundation is classic text book behavior of a scam.

Scams protest their innocence, litigatious and mired in controversy. They spread lies, bully critics, attempt to suppress negative media and complaints and will go to extreme measures to mislead and confuse the community to keep the scam alive.

A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling people into the scheme.

The distinguishing feature of these schemes is the fact that the product being sold has little to no intrinsic value of its own or is sold at a price out of line with its fair market value. The costs for these "products" can range up into the hundreds or thousands of dollars.

Pyramid schemes create no wealth they only move existing wealth.

The key identifiers of a pyramid scheme include:

• A highly excited pressured sales pitch.
• A reassurance that it is not in fact a pyramid scheme, possibly with a false account of what a pyramid scheme is.
• Little to no information offered about the company unless an investor purchases the products and becomes a participant.
• No product, or a product being sold at a price ridiculously in excess of its real market value. As with the company, the product is vaguely described.
• An income stream that chiefly depends on the commissions earned by enrolling new members or the purchase by members of products for their own use rather than sales to customers who are not participants in the scheme.
• A tendency for only the early investors/joiners to make any real income.
• Assurances that it is perfectly legal to participate.

The FTC also warns that the practice of getting commissions from recruiting new members is outlawed as "pyramiding."[9].

The scale of harm is enormous, with millions of dollars stolen. Perpetrators use trickery, loopholes in laws and psychological manipulation.

The disguises, rationalizations and defenses have a similar ring. Perpetrators claim they are uplifting people, creating new opportunity, and teaching a new and better way to live and prosper.

As in all such abuses of the past, huge amounts of money are spread to peddle influence, stave off regulation, and maintain the false portrayal of legitimacy. Critics are vilified and threatened with lawsuits as "anti-business" and "losers."

The element of the pyramid scheme that has the most in common with past abuses is its appeal to economic justification. Deceptive practices which take money from millions of unwitting people and enrich a small group of promoters and perpetrators are defended as "legitimate business, " helping to build the economy, employ people, and provide economic opportunity.

As an increasing amount of people are scammed the company will come to the attention of the media and authorities.

The promoter cannot raise money fast enough to keep the scam alive and the scam will collapse. Pyramid schemes are illegal

Individuals who have been cheated by Roger Hamilton and XL Results Foundation are advised to contact the Department of Fair Trade.

X
X
XL Results Foundation
,
May 13, 2008 10:20 pm EDT

RETRACTION OF ALLEGATIONS AGAINST ROGER HAMILTON AND XL RESULTS FOUNDATION

XL Results Foundation are pleased to announce a positive outcome to the recent legal case related to various allegations against Roger Hamilton and XL. These claims are similar to those found on interrelated and inter-referencing blogs posted on /link removed/ complaintsboard.com, hotscams.com and businessesfromhell.com along with other blogs and anonymous emails sent to our members and partners over the last three years.

On March 24th 2008, Linda Ruck, the defendant in the legal case that XL brought regarding many negative and untrue claims against the company, signed a full written confirmation, retraction & undertaking by a consent court order in the Singapore Subordinate Courts.

The undertaking includes:

1. A confirmation that she has been involved in approaching via email, and/or otherwise including postings on internet forums, blogs, websites and other means, various parties including the media, consumer groups, our members and partners.

1. An unreserved retraction of her allegations against Roger Hamilton, XL, and XL stakeholders and an unconditional acceptance that these are untrue and/or inaccurate. The retracted allegations range from claims of illegal activities, no money going to charity, misappropriation of funds, criminal investigations, fraudulent conduct and a withdrawal of her claim on pyramid sales – which are similar to all the claims found on the various emails and blogs.

1. An undertaking not to conduct or continue with any ongoing campaign against Roger and XL (through herself, anonymously or otherwise) and not to spam, blog or communicate with XL Members, XL stakeholders or the media to make negative comments about XL.

1. An undertaking to cease harassing XL, its members, partners and associated parties.

XL is glad to put the legal conclusion of this chapter behind itself and to have received vindication against all the claims that have been made through the Singapore Court System. A copy of the Consent Order of Court and full Confirmation, Retraction & Undertaking can be viewed at http://xlresultsfoundationlegalfile.wordpress.com/

XL Board of Directors
For the latest on the growth of World Wide Wealth, visit
www.resultsfoundation.com

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