XL Life Membership / Pyramid Scheme
A Get Rich Quick Scam Promoter, the subject of a nation wide consumer caution in the United Kingdom, Australia and the US will be Singapore on the 27th February on a whistle stop visit to sell a life membership into a business network for $12,000.
Mr Roger Hamilton, Chairman of XL Results Foundation Pte Ltd
registered in the Republic of Singapore (Company registration no: 200107729C) is under suspicion of operating a multi million dollar global pyramid scheme duping thousands of consumers internationally.
Mr Hamilton was the subject of a Singapore community petition in 2006 when 100 Singaporean XL members demanded their money back claiming Mr Hamilton had duped and cheated them and money promised for charity had been pocketed.
Allegations against Roger Hamilton and XL Results Foundation include:
Competition Edge the umbrella company of XL Results Foundation sold shares without a prospectus.
Members were induced to recruit new members into the scheme by way of a commission offered by Roger Hamilton.
10% of all XL Results Foundation revenue was promised to charity but was not given. XL is a private limited company linked to a post box in the Seychelles and not a Foundation.
XL Results Foundation is using public monies to pay its legal fees to keep the scam alive.
Roger Hamilton will be promoting and selling his XL Results Foundation life membership in Singapore at a breakfast event:
Wednesday 27th February, 2008
Venue: Topaz Room
Sheraton Hotel, Singapore
XL Results Foundation is facing increasing international media attention as details of the scam unravel.