XL Results Foundation / Investment fraud!
The Department of Fair Trade.
A Get Rich Quick Promoter, the subject of a nation wide consumer caution in the United Kingdom (www.rip-off-uk.com) and the USA (/link removed/ will be in Australia next week preying on the community. Mr Roger Hamilton, Chairman of XL Results Foundation pte ltd is on a whistle stop tour of Australia promoting and selling a USD$12,000 life membership into a purported social entrepreneur network.
XL Results Foundation (registered in the Republic of Singapore Company registration no: [protected]C) is alleged to be a convoluted pyramid scheme that baits consumers with promises of personal wealth and business opportunities but leaves consumers red faced and empty handed.
Mr Roger Hamilton based in Bali will be holding networking events as a platform to gain access to Australian consumers and hosting events on the Gold Coast 7th March 2008, Brisbane 11th March, Sydney 12th & 15th March, Melbourne 13th March and Perth 8th and 14th March 2008.
During his sales pitch, Mr Hamilton will fail to mention XL is mired in controversy with victims of the scam lodging complaints against the company world wide. Mr Hamilton and the Australian Promoter, Mr Paul Dunn, Results Net (http://www.resultsnetaustralia.com) operating out of Brisbane (Registered in New South Wales - BN 98208353) are the subject of allegations they are operating an elaborate pyramid scheme operating under the guise of a social enterprise.
A deceptive website (www.resultsfoundation.com) and smoke and mirror events have been created to give the illusion the company has a product to sell. The events are created by Mr Hamilton and offered free or heavily discounted to consumers. The sting comes afterwards when individuals are invited to a free 'extraordinary’ breakfast event where Mr Hamilton and his cohorts attempt to extract USD$12,000 from misinformed consumers.
In Singapore more than 100 members of the business community alleged they were cheated and duped by Mr Hamilton and money promised to charity was pocketed by Mr Hamilton. The parent company of XL, Competitive Edge pte ltd in Singapore is alleged to have sold consumers shares without a legal prospectus.
Members also claimed Mr Hamilton had lied and exaggerated regarding business connections and that the bulk of the network's contacts are poached from the free online platform linkedin. Members of the Asian business community allege XL is created with the specific intent to deceive and scam. As reported in the Straits Times Newspaper, 70 complaints were lodged against the company in one day. The rogue company has faced mass refunds, staff walkouts, resigned accountants and unpaid bills.
A former employee, an Australian whistle blower has been legally gagged by XL since 2005 and subjected to a malicious and long running defamation campaign including filing of false police reports against the individual in an attempt to threaten and subdue.
In public legal documents lodged in Singapore, the former employee has alleged ‘contributions promised to charity were not given and Mr Hamilton and XL is cause for concern.’ Both Mr Hamilton of XL and his Australian business partner Mr Dunn, ResultsNet Australia are in current litigation and attempting to block legal requests for full disclosure of the XL company accounts.
Allegations lodged against the company suggest it is a pyramid scheme with its revenue source derived from the recruitment of duped individuals into the scheme. Victims were induced with a commission to encourage further sign ups. The community allege the company is using public monies - life membership fees to pay its legal costs to protect the scam and is bleeding the community dry. In an attempt to deflect media and community questions, XL Results Foundation has issued an email spam warning on its website to deflect questions and issued false legal reports.
Mr Hamilton, his associate Mr Dunn have suggested the company is the victim of a slur campaign by a former employee, members of the community who were quoted in the press do not exist and that journalists from Fairfax Media and Singapore Press Holdings did not do due diligence before publishing negative articles on XL. This is text book behavior of a scam attempting to protect its interests.
The co-ordinator of the Asia Pacific petition lodged by more than 150 members against XL Results Foundation and mentioned in newspaper articles is Ms Ann Phua the head of a business women's organization in Singapore, email firstname.lastname@example.org
For further information on the scheme refer to:
Victims of a pyramid scheme are advised to contact the Department of Fair Trade or relevant authorities:
More XL Results Foundation Complaints & Reviews
- XL Results Foundation - Pyramid Scheme, Fraud, Scam 
- XL Results Foundation - Charity fraud! 
- XL Results Foundation - Lies and misrepresentation! 
- XL Results Foundation - Ponzi Scheme
- XL Results Foundation - Rip Off Artist, Conman, Pyramid Scheme 
- XL Results Foundation - Get Rich Quick Scam 
- XL Results Foundation - Non Disclosure 
- XL Results Foundation - Franchise scam!