Suspect Business Network Back In New Zealand
Scoop Feedback/Submission From "A Duped Consumer"
XL Results Foundation pte ltd www.resultsfoundation.com a global business network under a legal and financial cloud in Singapore will target investors in Auckland and Christchurch on the 21st, 22nd and 23rd November, 2007. Refer website: www.xlresultsnz.com
Roger Hamilton, Chairman of XL Results Foundation formerly of Singapore now based in Bali (company registration no: 200107729C - registered in Singapore) found himself in hot soup at the beginning of this year when 150 Singaporean member's demanded their money back claiming they were duped, cheated and money promised to charity by Mr Hamilton was pocketed.
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XL Life Members believed they were buying into a global network. The business connections never eventuated with members claiming they were actually sourced from the free online network linkedin. Mr Hamilton has claimed the XL network is 60,000 contacts however, he has not been able to substaniate this.
Roger Hamilton is promoting himself as an entrepreneur contributing to world wide wealth with 10% of all XL revenue promised to charity. The XL accounts further discredit Mr Hamilton's claims.
XL Results Foundation is listed with the Bad Business Bureau in the US after complaints were lodged against the US arm of the company on the global consumer website www.ripoffreport.com
Mr Hamilton's problems seem to continue with XL Results Foundation recently listed as a hot scam expanding into the Australian market as well as reports filed listing the company as an offshore scam operating a pyramid scheme/ponzi scheme. Members claim the company's source of revenue is from the recruitment of membrs into the scheme.
Up to 700 New Zealanders may have already been duped by the scam with the New Zealander promoter implicated in the scam. Mr Hamilton is back in New Zealand on an agressive sales trip sell memberships for USD$10,000. He is not disclosing the fact there has been a Asia Pacific community petition against the company, $1 million in refund demands and that the company is alleged to be operating a criminal business in a court of law in Singapore. Mr Hamilton is blocking legal requests for full disclosure of the XL accounts with New Zealand consumers fees being used in legal costs to protect the scam.
To deflect questions from the community Roger Hamilton of XL Results Foundation has established a media advisory unit operated by his brother in law Mr Ian Grundy to suggest the company is being slurred by a former employee and that journalists did not do due diligence. Mr Grundy is also listed in legal documents in Singapore. The former employee has been legally gagged by the company since 2004.
The latest complaint against XL Results Foundation issues a warning to investors to do due diligence.
ia.. Report: #279924
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Report: Roger Hamilton, XL Results Foundation
Category: offshore scams
Roger Hamilton, XL Results Foundation Misrepresentation, Fraud, Lies
Submitted: 10/20/2007 2:17:55 AM
Roger Hamilton is a blatant fraud.......