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Suspect business network back in Perth - XL Result

XL Results Foundation pte ltd www.resultsfoundation.com a global business network under a legal and financial cloud in Singapore will target investors in Perth on the 26th October, 2007.

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.   

The life members were unable to get a refund from the company which refused to acknowledge their complaints for up to two years until the community joined forces to put pressure on the company with a community petititon and media attention.

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 and the Consumer Website www.rip-off-co.uk in the United Kingdom issuing an urgent consumer warning against XL and its associates.

Further reports filed include the company is an offshore scam operating a pyramid scheme/ponzi scheme.   XL Results Foundation Members claim the company's source of revenue is from the recruitment of members into the scheme.  In Singapore, Roger Hamilton and XL Results Foundation are blocking legal requests for full disclosure of the company accounts.

Up to 1,000 Australians may have already been duped by the scam.  Mr Hamilton is back in Australia on an agressive sales trip and will be in Perth on the 26th October to sell memberships for USD$10,000.

The latest complaint against XL Results Foundation issues a warning to investors to do due diligence. 

ia.. Report: #279924

a.. View Similar Reports

http://www.ripoffreport.com/reports/0/279/RipOff0279924.htm

Report: Roger Hamilton, XL Results Foundation

Category: offshore scams

Roger Hamilton, XL Results Foundation Misrepresentation, Fraud, Lies

Nation wide

Submitted: 10/20/2007 2:17:55 AM

Roger Hamilton is a blatant fraud.......