XL Results Foundation – Rip Off or Business Opportunity?
Posted January 15, 2008 Written by:
Comments(34)I have attended a couple of interesting entrepreneur seminars in London recently, this week I was invited to a complimentary breakfast event in London with Roger Hamilton. The seminar promised to focus on ways to connect with people, ideas and opportunities all over the world through an organisation called XL. Roger would discuss how to improve the quality of your connections and your business network to make money. The talk would also cover “four critical factors that all great entrepreneurs focus on harnessing grow and manage their businesses – four things that could bring more wealth, certainty and ability to make a difference than virtually anything else you could learn on business elsewhere.”
I booked my place and turned up on time, and listened to the hour long presentation with my fellow guests who all seemed fairly bright and positive. The speech was interesting and described a lot of the business ideas that members of XL foundation had been able to use to help them make money ethically using connections through the foundation.
So far, so good. There was plenty of positive stuff about getting the right mindset to create and seize business opportunities, plus an insight into the eight categories of entrepreneur identified through his Wealth Dynamics test. At the end of the formal presentation it became clear why we were here: stakeholding is, according to Roger Hamilton, one of the four factors mentioned above. He offered us the chance to stay behind and hear how we could have a stakeholding in the XL Results Foundation and get the benefits that go with life membership of the group.
I stayed behind to find out more, along with around thirty others. We all received a life subscription form, showing a cost of US$15000 for life membership. Roger then proceeded to sell the idea well: there is a limit on the number of memberships released this year, we would get free entry to other seminars and training, access to network with all the foundation members. Sounds impressive, but would any business coach advise you to sign up so much money without doing proper due diligence? I gave my excuses and left.
When I got home, I did some thinking and some research. First let me say I think the Foundation has some good things to offer, but a financial commitment of life membership to a private company that has only existed for five years does not appear to be a sound investment. There was no cooling-off period, and I found conflicting evidence on the possibilities of transferring your membership if the scheme was not right for you.
If the presentation comes to London again I will take another look, but for the moment I will stay with my existing business networks – Linkedin and ecademy. They are both free and have worked well for me so far.
If you have any experience of XL Results Foundation, please leave a comment.
34 Comments so far
Leave a reply
No you are right- if you go for a google search on Roger Hamilton, you’ll see there are disgruntled members who unlike you bought into the scheme only to realise the things outlined above and more- were not right.
Therefore they are taking him to court and he has a lawsuit against him….
Now I think his concepts are great and he has helped a lot of people find clarity and move ahead in business- he may just need to work on the details- or add better people to his “team”!!
Good spotting!!
I’m not sure who I’m writing to here as this blog has no author name, but I thought I’d post as I’ve had experience with XL over the last two years as a member. As you attended the breakfast you probably heard about the different projects and events XL run. I’ve gotten involved in a few of these – but for me the main benefit has been the trusted network. My current company (which is a software business) I am running with two other members. One in India where i didn’t know anyone before XL. So everyone to their own. But it’s working for me.
James Hunter, Auckland, NZ
Thanks Marcus and James for your feedback. My name is Flora, and I have now changed the script to ensure my name shows next to the posts. Good points regarding Roger Hamilton and his organization. I feel that he and the company started with high ideals and aspirations, however as Marcus points out there have been problems along the line. From my research I would suggest more evidence about performance should be given to potential members, and membership should be paid in stages so that they can see the benefits and stay with the program.
International Community – The press articles from Singapore, Mr Roger Hamilton does not want you to know about:
Radio 93.8 Live, Singapore English News 2/12/06
Roger Hamilton, XL Results Foundation & XL MembersAbout 30 members of the business network club, XL Results Foundation, met uptoday to discuss plans on getting their money back.They had paid thousands to be life members but said they weren’t getting thevalue for their money. A meeting with the club’s owner, British national Roger Hamilton has beenscheduled for Wednesday. Wu Shang Yuan with this report.
=========================================
Close to 70 local and international members have voiced concerns about theFoundation, after paying between 3,200 and 5,400 US dollars for themembership.They want a total refund of close to half a million US dollars from RogerHamilton, a wealth consultant from the UK.
The life members had wanted out, after realizing that training and mentoringworkshops, organized for them by the Foundation, weren’t useful and they wereunable to get the business contacts they’d expected.However, the members were told they had to find buyers of their memberships, ontheir own.
One of the life members Adelaide Chong received a call just a few days ago fromthe Foundation.I already informed Roger that I wanted to transfer my membership and leavebecause I think someone else can take advantage of it. So they say well, theoptions is the first one, you find your own. The second one is they have agentsbut they’ll charge some commission – I say I’m not going to pay anycommission.
Members like Ray Bigger also had doubts about the Foundation’s promise ofdonating part of the money they received to charity.In the last two years, there’s been no photographs, no press releases, noannouncements of any money made to charity. And I’m saying why?!
Mr Hamilton had said in previous reports that his Foundation is looking intothis matter and that it’ll look into requests for transfer of memberships.With a meeting scheduled with him on Wednesday, life members are hoping thatthe matter will be resolved by mid-December.ends/…
Nov 25, 2006 – The Straits Times, Singapore
Unhappy with business network club
These members demand their money back
40 out of 69 vexed members gather outside club premises
By Tanya Fong
DISGRUNTLED MEMBERS: More than 40 life members of XL Results Foundation outside its Cecil Street office yesterday, including a 13-year-old Singapore boy (second from left in the foreground) representing his doctor father. — MUGILAN RAJASEGERAN
THEY saw it as a no-risk investment – a way to expand their business contacts and perhaps make some money.
Instead, 40 individuals who bought life membership in an exclusive business networking club gathered outside the office of XL Results Foundation yesterday to demand their money back.
They are part of a group of 69 disgruntled members who claim they were duped by the company’s director, millionaire consultant and author Roger Hamilton, who they said promised them the company would buy back their membership at the same price, or at market value.
Instead, members who had bought into the club in order to sell their membership for a profit claimed they were unable to do so. The company, they said, also did not come through on its promise to help them resell their membership.
Although prices increased from US$3,200 in 2003 to about US$8,000 (S$12,400) today, 36-year-old Mr Lai Kum Loon, managing director of a car parts company, said: ‘When I wanted to transfer my membership, I was told I had to find my own buyer.’
What is more, members also said they did not get access to the large network of business connections the company promised them.
Among the crowd outside the XL Results office yesterday were five Britons, a Malaysian who came all the way from Malacca and a 13-year-old Singapore boy representing his doctor father, who was at work.
They all wanted to withdraw their membership from the four-year-old operation, which was known formerly Competitive Edge.
The total value of these memberships is about $460,000, more than twice XL Results’ reported net profit of $207,612 for the 2005-2006 financial year.
One Singaporean member, Miss Sarah Kong, complained: ‘They simply did not provide the contacts of the other members, or those from other countries.’
The club currently has more than 300 life members in Singapore, and about 900 others in 15 other countries.
Membership includes access to the company’s training and mentoring workshops in South-east Asia, subscription to its monthly XL Magazine, as well as use of its worldwide networking website.
The complaining members may be on sticky ground, however. Copies of the life membership contracts seen by The Straits Times do not state that the company will buy back life memberships or help find buyers.
Nor is there any clause that says life members have to find their own buyers.
Mr Hamilton, 38, a Briton who is a Singapore permanent resident, is currently in New Zealand on a business trip.
The millionaire, wealth consultant and author of local bestseller Wink And Grow Rich, told The Straits Times on the telephone: ‘Today’s visit was a press stunt by a group, many are not our members.
‘We are looking into this matter. Any member who has concerns can come directly to us and we will look into their request for a transfer and facilitate it.’
tanya@sph.com.sg
http://www.complaintsboard.com/complaints/xl-results-foundation-life-membership-c52836.html
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 ripoffreport.com, 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 and 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 and Undertaking can be viewed at xlresultsfoundationlegalfile.wordpress.com/
XL Board of Directors
For the latest on the growth of World Wide Wealth, visit
resultsfoundation.com
This is interesting – the comment today, claiming to be from Roger Hamilton’s XL Results Foundation, originally landed in the Akismet spam queue, because it contained multiple links to different XL websites. What I find strange is the fact, if this is from the company, the XL foundation uses a free wordpress.com blog to publicise the results of the court judgement. Also that they use a Yahoo! email address (which anyone could set up using that name) instead of one that is hosted on their own website server.
Flora
so flora, what do u mean about XL Results Foundation?? Are they legit or not?
With the new consumer protection laws now implemented any individual who has been duped by Roger Hamilton of XL Results Foundation should contact the following:
The Office of Fair Trading
For consumer advice, information on specific consumer rights and to make a consumer complaint against a trader please contact Consumer Direct on 08454 04 05 06.
For all enquiries, guidance on the work of the OFT and to report anti-competitive or other behaviour by a trader or traders, please contact OFT Enquiries and Preliminary Investigations Centre on 08457 22 44 99. Please be aware that the OFT cannot provide advice or assistance to individual consumers or traders.
The OFT is based in central London at:
Fleetbank House
2-6 Salisbury Square
London
EC4Y 8JX
Thanks, David.
I notice that Roger Hamilton held a three day event in London recently to promote membership of his XL foundation. I wonder what the take-up was?
Flora
Something clearly stinks about XL Management’s posting.
Who exactly is XL Management? Why doesn’t Roger Hamilton sign off on his posts as Chairman?
Anyone with any legal experience will know a settlement does NOT mean XL has been cleared of any wrong doing. In the contrary surely XL Results Foundation would not want to settle if it is an honest company? Would it not want to go into court and have the allegations it is a pyramid scheme dismissed once and for all?
With a settlement Roger Hamilton and XL Results Foundation will never be clear of the pyramid scheme/scam allegations.
Did someone run out of money and couldn’t continue? Perhaps Roger Hamilton can’t afford his legal bills anymore kindly funded for by gullible new recruits?
XL Management is saying it has settled. How much was the settlement for damages awarded to XL Results Foundation. Is it half a million pounds or one penny?
Apparently Roger Hamilton is having trouble filling his rice bowl.
Business Networking Scam hits Shanghai
May 20, 2008 – 7:52 pm
http://mingtiandi.com/?p=58
This strays a bit from our usual Mingtiandi vein, but I just received a scam appeal to entrepreneurs that I thought might be worth warning folks about. I received two emails inviting me to an “Exclusive business breakfast meeting by invitation only!” from something cheesily called the “XL Results Foundation.”
It seems this foundation is a bogus business networking scheme that bilks would-be entrepreneurs for membership money while providing them with non-existent training and networking opportunities. And I thought those dodgy financial consultants were bad! You can find out how the scam works from this posting on ripoffreport.com and this Australian report from Perth.
In the mail, the XL Foundation describes itself as, “the world’s leading entrepreneur and social enterprise network.” But offers no grounds for this assertion. These tricksters from Singapore further assert that their ringleader will, “explain how Businessmen and Entrepreneurs can take advantage of emerging Business Opportunities in Asia-Pacific Region.” Evidently the secret to taking advantage of opportunities is tO cOmpletely Ignore all standards reGarding Capitalisation. and the grammar.
It seems this pyramid scam has already made the rounds in Singapore, Indonesia and Australia and is now hoping to take advantage of the overly optimistic crowding the streets of Shanghai.
If you get this same email as I did, just toss it in the bin and save your business cards for the next Chamber of Commerce meeting.
Mike,
You put it in a nutshell – the agreed settlement can be hiding all sorts of bad practice. It is apparent that the other party to the case was a young woman who worked as his PA and had a relationship with Roger Hamilton. If she knew the inside story she probably decided to fight back after she was sacked at the end of the affair.
Dim Sum,
Thanks for the details on XL’s activities in China. As you can see from my latest update,
http://www.brilliant4biz.com/roger-hamilton-xl-foundation-update/
Roger Hamilton is also back in London this week. He certainly has plenty of energy in his money making activities.
In public legal documents in Singapore, Roger Hamilton’s former employee resigned due to Hamilton pocketing money promised for charity.
Net closes in on fraudster Roger Hamilton and the XL Results Foundation scam
http://blog.datamanagementsolutions.biz/dms.html
Shonky Operator
Beware of Roger Hamilton and XL Results Foundation
I recently received an invitation to a presentation in Wellington by Roger Hamilton from XL Results Foundation.
The topics of the meeting included personal profiling, wealth creation, and business success. I figure I always have something to learn.
He does this all around the world.
I attended the evening event, and also the follow-up breakfast meeting the following morning. What I witnessed was quite disturbing – to the extent that I am moved to comment on it, as well as to alert the organisation that promoted it to me.
Roger Hamilton is an interesting and entertaining presenter. Give credit where credit is due. He is a clever guy, he shared some good ideas, and I learnt something for sure.
However, his core purpose is not to inform. The whole thing is a sales process.
Well, in business there’s sales and there’s sales. I am not qualified to comment on legalities, but I am surprised that what he is doing does not cross over the boundary into being classified in New Zealand as an illegal pyramid scheme.
Either way, he certainly crosses the boundary of ethics and honesty, very skillfully using psychological techniques to deceive and manipulate.
As a result, I saw a large number of people part with a large amount of money, for a product which is not worth a small fraction of what they paid, in response to vague and misleading information and straight out lies.
Sure, they signed their names voluntarily, and people have a right to make their own impulsive decisions, and to pay money without doing due diligence if they so choose. So that’s all accepted.
But it’s still a nasty scam.
In researching about it afterwards, I found a number of web sites and blogs where others have similar concerns. On one of those, the author asks “How you feel when you hear about people being swindled in the same way – do you let it happen, ignore or speak out?” I think I will speak out at any opportunity.
Having said that, I need to try and be succinct. So, what was for sale? Life Membership of Mr Hamilton’s little club. What is the price? $NZ14,500 per person if paid on the spot, or $NZ17,500 if paid in instalments over 12 months. Is there an opportunity to review any hard information before making a commitment? No.
Here’s a brief overview of the sales process:
The man with the gift of the gab gets everyone real hyped up.
Those who “resonate” with the hype have to fill in the application form.
After that you get told the price.
After that, you compete to be one of the 5 who will be accepted (except that after the first 5, they keep accepting people anyway – there were 10 who took the plunge when I was there).
After that, you have to give your credit card details, and sign the form which states no refunds.
After that, you get some specific details about what you get for the money.
Well, that last point is a tad unfair, I admit. During the course of the talk, you do get some snippets of information, in very emotive and general terms, about Life Membership. But certainly not enough to base a rational decision on.
Pretty much what it comes down to is:
Subscription to a monthly magazine – lots of advertising and the occasional interesting article.
Potential benefits of social networking with other members. Sort of like a private LinkedIn.
The opportunity to contribute to charities, in some undefined way.
An income opportunity by getting a 10% cut of the membership fee of people you refer (this was not mentioned at the meeting, I found out about it later).
Attendance at a whiz-bang function.
Access to life/business coaching.
$14,500?? C’mon!
On the face of it, the coaching aspect sounds like the most meaty of the offerings. But then, if I’m going to get coaching, I need to find a coach I can “click” with.
I have no idea, of course, about any of the coaches within that organisation. There was one of them at the meeting I attended, and I sure wouldn’t have “clicked” with him.
But you would have to assume that the coaches are all people who at some stage have been through the same process I observed. That means they are not representative. It means they are people who are able to be swayed by excitement. It means they are people who have demonstrated their willingness to invest large amounts of cash without proper consideration. It means they do not have a well-developed ability to detect unethical behaviour. It means they are not for me.
So that’s the value for money aspect. But in the end, it is primarily the snake-oil tactics that I am upset about.
Something just really got to me about this. Because I saw it first-hand, I suppose. It was certainly amazing to see the vulnerability of some folks, and to reinforce my belief in the concept of consumer protection.
Which is simply my point… Watch out!
I read these comments this morning, before heading off to an ‘opportunity presentation’. And am glad I did. The lady spoke all the right words, and I could easily have been taken in.
Interesting to note that the life members who referred someone got 10%, one lady there brought 4 people – only one of which walked out with me. Nice day’s work for her I guess.
Thanks to the forum here, I’m already $15,000 better off!
Hi Sue
I am glad the article has helped you. I had not realised, until I saw Alfred’s comment (6th June on this post), that Life Members could get a rake off – sorry , commission – on new members they introduce. I guess that is why they rarely speak out against XL Results Foundation in public!
Hey Flora
I’ve emailed someone I met there yesteday and they signed up!! Told me she opted for the £70 per month option. By my reckoning that’s about 9 years to pay the $15k … YIKES
Traveling Scam Hits Canada – Law office asking questions
Is XL Results Foundation a Scam?
http://www.bizop.ca/blog2/pyramid-schemes/wealth-guru-hits-nz—sunday-s.html#comment-227812
XL Results Foundation – Pyramid Scheme
A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of “investors.”
In most countries it is against the law not only to promote a pyramid scheme, but even to participate in one.
Top
Warning signs
You are offered a chance to join a group, scheme, program or team where you need to recruit new members to make money.
The scheme involves offers of goods or services of little or doubtful value that serve only to promote the scheme (such as information sheets).
There is a big up-front cost to pay for large quantities of goods.
There are no goods or services being offered for sale by the scheme.
The promoter makes claims like ‘this is not a pyramid scheme’ or ‘this is totally legal’.
http://www.oag.state.ny.us/investors/pyramid.html
The xl trail leads back to late 70s California and that pack of creeps, the scientologists.
A scientology ‘instructor’ calling himself Werner Erhard invented yet another self-improvement scam, ‘est’, which over the years transformed into ‘Landmark Education’, which is still plying its dubious wares.
Landmark was ordered to leave France in 2006, having been identified as a cult. Several cult-watch sites have covered the scandal.
Landmark and xl both sponsor two pseudo charities, ‘The Hunger Project’ and ‘StepUp Foundation’. xl and the charities may well be Landmark inventions to generate more income, whilst flying below the cult radar. Well the game is now up.
The site of Rick Ross, a veteran American cult-buster, has masses on Landmark and The Hunger Project and is also now onto xl. http://www.rickross.com
Roger Hamilton’s business partner – NON DISCLOSURE
Wednesday
2 July, 2008
SME with Daniel Priestley, Milton Keynes
City:London Country:England
Venue:Holiday Inn, Milton Keynes Central
Start Time:8:30am
End Time:5:00pm
Many existing businesses shoot for the moon, but find themselves passively orbiting their marketplace neither here nor there. Somewhere along the way they ran out of fuel and the growth simply fizzled out. This event talks about how to get your business rocketing ahead using cutting edge Marketing, Sales and Entrepreneurial Leadership techniques. Contact:Leon Templar, leon@ardour-uk.co.uk
FOOT NOTE FOR CONSUMERS
http://www.triumphantevents.com.au/images/annexure-a-document.pdf?
PHPSESSID=c3bcdd5455dc3b2148b047b8fa22a502
Excerpt from the document
In June 2007 the Australian Competition and Consumer Commission (ACCC) commenced legal action against The Triumphant Group Pty Ltd (trading as Triumphant Events) for alleged contraventions of the Trade Practices Act 1974.
The Federal Court of Australia has declared by consent that Triumphant, by engaging in the above conduct, contravened the Act. The Court also made orders by consent restraining Triumphant from engaging in the offending conduct in the future.
Advice on pyramid schemes
http://www.business-opportunity-review.co.uk/element.php?varset=s:12-pm:p-se:260-e:841&SessId=
In need of an urgent advice….
I wish I had read these comments prior to going to Roger’s infamous breakfast recruiting session this morning in Melbourne. My husband & I signed up, however we haven’t paid a cent but agreed to transfer the money ($15,500)to his account in 2 weeks time.
Upon returning to my office and going through the paperwork I found terms & conditions which were never even mentioned at the time of signig up, I realised that there is no mention of cooling off period and the rest of the cr.p This made me search the net for a feedback on Roger his XL Foundation and guess what I found? Obviously after reading all of the above comments I will not be transferring a cent anywhere as far as Mr Hamilton is concerned or his XL foundation. However I cannot help wondering whether XL or any associated company have got a legal right given the circumstances to pursue this matter further…
Would really appreciate any advice on this subject. Should we just ignore the whole thing, email a written refusal to the city manager or go straight to ACCC or ASIC?
I new that seeing David Schirmer or what ever his name is – infamous crook exposed by Chanel 9 after posing as one of the teachers in THE SECRET) at Roger’s Seminar today was a warning sign from above…
Hi Natalia
I sympathise with your predicament. I am no lawyer but the contract you have signed is probably drawn up in Singapore. However you are in Australia and under Australian law you must have a cooling off period etc. If XL do business in Aus, they have to comply with local consumer protection local legislation. Obviously get advice from the ACCC and ASIC, and remember XL get a lot of cancellations after the event from those who have second thoughts after leaving the intense atmosphere os the presentation.
Advice to Natalie
Roger Hamilton has no legal standing regarding selling you a life membership or attempting to force you to pay. XL is a pyramid scheme.
Put your cancellation request in writing to XL Results Foundation and lodge a complaint (with a copy of your cancellation letter) to the Department of Fair Trade in Melbourne and the ACCC.
Your other alternative is to go to the press and lodge a report with the http://www.ripoffreport.com website
I went to the Daniel Priestly event which was quite inspiring but the whole process was about getting you to sign up to life membership of the XL Results Foundation.
Daniel’s company is Triumphant Events and it would appear from an earlier posting that he may now be in England to avoid the heat in his native Australia. There was no branding at all for Triumphant but there was for XL Results Foundation and also lots of their magazines all over the tables.
The cult connection was also interesting. I was conned into something called The Forum in the late eighties. That was the latest incarnation of Werner Erhart’s Est cult. By the way, Werner Erhart’s original name was Jack Rosenberg. Strange that someone with a Jewish sounding name should adopt a very Arian name.
Many of the phrases used by Daniel throughout the day gave me a feeling of deja vu but I couldn’t put my finger on where I had heard them. Then I read his Ecademy profile and saw his charity was the Hunger Project and the penny dropped.
I asked Daniel several times how much he was making out of selling these memberships and he dodged the question. I told him that I didn’t mind him making money and expected that he must be making something for all this effort. He still dodged the question saying that the couple of hundred quid he might make was not his motivation for signing people up. When I said I would have to consult my life partner he tried a very interesting trick of saying fill in the form now and we won’t do anything with it for a couple of weeks. I declined the offer.
Daniel was selling life membership for US$10,000 or if you wanted to include a partner US$11,000. He then offered an option to pay US$900 per month (or $1,000 with partner). He had compared life membership of XL to a life member of The Melbourne Cricket Ground (MCG) He said you can’t lose because the value would be increasing all the time and so if you ever came to want to transfer it, which was allowed, you would probably get more than you paid. He said this was because there were strict limitations on life memberships and only a couple more would be allowed this year.
He then mentioned something called Circle Membership which was similar to Life membership but only lasted three years and after that it was finished and worthless unlike Life Membership which would have increased in value.
I am always put off and sceptical about any product or service which needs a hard sell and lots of explanation so I told them I would talk it through with my life partner and left. One person in the room did sign up to the Circle membership at US$5,000 and I know his email so I will be suggesting that he looks at all the stuff on the internet.
oh gosh,
seems like a really hot topic here. o well, make a quick guess. i think everyone got it all wrong. firstly there are trainings done by XL foundation and it is excellent. their trainers are superb and fantastic that no one even notice time was ticking away. if you are thinking about a scam, let me tell u guys this. i bought the membership years ago at USD3200 and since i am old and will not be using it for long, i plan to transfer them out. the staff were great and offer me alternative. yes, there was an option of which i have to find my seller and the other of which if XL find a seller for me there would be a 30% comission. i chose the latter and guess what, i got back close to USD6000 after the comissions. who said they were a scam? they never were. these members that complained NEVER made an effort to get involve in the events. they expected to be spoon fed, entrepeneurs like me don need spoon feeding. you guys are missing out on alot by attending the event and not joining. seriously, i have never regretted. even when my business was slow, XL offer me opportunities to meet other members from other countries when i was travelling. within 6 months, with all the networking and my effort to be at the event and listen to Roger and tell him about my business plan, i made a profit of close to USDhalf a million.
you are probably thinking i am paid to say all this or that i am simply the lucky ones. but real XL members are all laughing their heads off with all these silly talks. they will not share the success story with you because they know you are not worth to know. too bad guys.
I recently attended a Breakfast with Roger Hamilton!
Why would someone who claims to be promoting trust,world wide wealth and social giving have to resort to a high pressure sales tactic to sell his memberships?
What Roger does at the breakfast is create an environment to pressure you into buying, by isolating (telling anyone who isn’t interested to leave), creating scarcity (only 5 memberships available today), and being vague on the details of the membership (too many benefits to go through). That combined with the fact that there is a no refunds policy, no cooling off period and no copy of the contract for the buyer is out of integrity in my opinion.
If Roger Hamilton and XL was a company of integrity, they can simply address all these issues by
1. Offering a 7 or 14 day refund policy.
2. Explain the benefits of the Life Membership in detail instead of selling it in a high pressure sales environment!
3. Offer a 30 day trial!
Instead they choose to launch their own PR campaign to create confusion and doubt. Let’s be clear, if you review the postings on the internet it’s not just 1 ex-employee complaining! It’s hundreds of people from different countries who are angry enough to devote time to create blogs, postings and feedback to warn others!!
Lovely Daisy, thanks for your comments and your enthusiastic support for the XL Foundation. I think your testimonial would carry more weight if you supplied contact details other than a hotmail address, and maybe a clearer outline of the business success you had as a result of your membership of XL.
Anonymous – I agree, that is a succinct summary of the situation. The first rule of marketing is to offer a money back guarantee: it reduces suspicion, and if your product is halfway decent very few customers feel the need to ask for a refund.
Earning a commission on an XL Life Membership is illegal and considered pyramiding.
http://www.rcmp-grc.gc.ca/scams/pyramid_e.htm
Pyramid Schemes
For the purpose of Section 206(1)(e) of the Criminal Code a pyramid scheme is illegal when a person participating in the scheme becomes entitled to receive more money than they invested in the scheme by reason of recruiting others. The money is made through recruitment only, while the product or service has no real value.
Beware of people secretly paid by the operator to make grandiose claims about the success of the plan.
Refuse to make a financial commitment or sign a contract in a high-pressure situation. Take time to review and re-evaluate the plan.
Office of Fair Trade
London
http://www.complaintsboard.com/complaints/xl-results-foundation-life-membership-c103605.html
XL Results Foundation has closed its office down in Singapore owing staff and life members money.
(You can verify this before you post it).
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.
Company Secretary, MARGARET LOH CHUI MEI, 10 ANSON ROAD, #21-07, INTERNATIONAL PLAZA, SINGAPORE (079903).