Menu
Login
Consumer Update - XL Results Foundation collapse
The XL Results Foundation Head Office in Singapore has closed down.
Address: 30 Robinson Road, #02-01, Robinson Towers, SINGAPORE 048546.
Victims of Ponzi Scheme operator Roger Hamilton and the XL Results Foundation scam are advised to contact the Consumer Affairs Department and/or Department of Fair Trade in their respective country.
XL Results Foundation Pte Ltd is owned by a holding company incorporated to a PO Box address in the Republic of Seychelles.
The complaint has been investigated and resolved to the customer’s satisfaction.
The Consumer Association of Canada
A Get Rich Quick Promoter, the subject of a nation wide consumer caution in the United Kingdom will be in Toronto on the 29th February, 2008 peddling his wares.
Mr Daniel Priestley is on a whistle stop tour of the America's promoting and selling life memberships into XL Results Foundation.
Daniel Priestley based in the United Kingdom will be speaking at a breakfast event in Toronto (29 Feb) to promote the XL Results Foundation life membership and attempting to extract US$12,000 from small business owners. Mr Priestley will fail to mention XL is mired in controversy with victims of the scam lodging complaints against the company world wide.
Mr Priestley and his business partner Mr Roger Hamilton, Chairman of XL Results Foundation are the subject of allegations they are operating an elaborate pyramid scheme operating under the guise of a social enterprise. Members of the community believe XL is created with the specific intent to scam the community.
In Singapore more than 100 members of the business community alleged they were cheated and duped by Mr Hamilton and money promised for charity was pocketed.
XL is blocking legal requests for full disclosure of the company accounts.
Allegations include the company is using public monies - life membership fees to pay its legal costs to protect the scam.
In an attempt to deflect media and community questions, XL Results Foundation has issued an email spam warning on its website to deflect questions.
To protect the scam Mr Hamilton and his associate Mr Priestley have suggested the company is the victim of a slur campaign by a former employee, members of the community who complained about the company to the media do not exist and that journalists did not do due diligence before publishing negative articles on XL.
All classic conduct of a scam attempting to protect its interests.
The promoter of the scheme in Canada is: Bob Urichuck on email: benelux@resultsfoundation.com
http://www.bobu.com/contact.aspx
For further information on the scheme refer to:
http://www.stuff.co.nz/4287069a6442.html
http://www.brisbanetimes.com.au/articles/2007/05/30/1180205312469.html
http://rogerhamilton-xl.blogspot.com/
/link removed/
XL Results Foundation has not only collapsed in Singapore. They've not been able to file their 2007 annual reports with the Singaporean authorities, who may be considering prosecution of XL's management under the Singapore Companies Act.
The Singaporean bank - OCBC is also pursuing Roger Hamilton to recover some loan defaults. Roger Hamilton is on the run from the bank and the Singapore government.
Company Secretary, MARGARET LOH CHUI MEI, 10 Anson Road, #21-07, International Plaza, SINGAPORE 079903.
Warnings against the Ponzi Scheme and cult, XL Results Foundation have been issued by bloggers, consumer associations in the UK, America and Australia and newspaper articles in Singapore, Australia and New Zealand.
More: XL Results Foundation — Pyramid Scheme, Fraud, Scam
http://xl-exposed.blogspot.com/2009/04/golden-in-seychelles.html
http://blog.datamanagementsolutions.biz/2008/06/shonky-operator.html
http://www.bizop.ca/blog2/complaints-and-investigations/xl-results-foundation/
http://mingtiandi.com/?p=58
http://www.brilliant4biz.com/category/xl-results-foundation/
http://xlresultsfoundationscam.blogspot.com
http://www.businessesfromhell.com/topic.asp?TOPIC_ID=401
http://www.stuff.co.nz/4287069a6442.html
http://www.pyramidschemealert.org
http://www.brisbanetimes.com.au/articles/2007/05/30/1180205312469.html
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.
Victims of scams are advised to contact the Department of Fair Trade.
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