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Fraud New You Can Use

An alternative view about XL Results, Tan Hai Liang writes:

"If you read carefully, many of the so called complains are "alleged". There are also reports that after investigations, authorities did not find any wrong doing.

So how do we know whether XL Results Foundation is a scam or not?

Before we make any conclusion, we must always base on facts or evidence. Apparently, the "source" of the "facts" is someone who had a conversation with Roger when Roger was a drunk in a bar.

In the links above and many other blog posts, many bloggers quoted more or less the same info but none actually proved that they are members of XL Results Foundation and showed any evidence of police reports or copies of correspondence between the "victim" and the authorities.

As a blogger, we must be responsible in our blogging. We must find evidence before we say something, if not, then we are just spread rumours or "alleged" news. This will hurt the blogging community."

Not sure how long I would wait for the "authorities" to respond.

The Motley Fool weighs in on USANA:

Simply put this company is a ponzi scheme and things are about to collapse.

Unfortunately, I can't short this one in the real world ... and the put options don't have a long enough term. But trust me, this one is going to zero.

\If you want to see why, just go to the Fraud Discovery Institute website and see the wonderful work of Barry Minkow on this one.

Wish that all ponzi schemes could be shorted; would have picked up millions of pigeons for nickels.

Tracy Coenen reviews Shop to Earn, and concludes:

"Based on the presentation I saw, there are still many unanswered questions.

I have a list out to my friend who has access to one of the early adopters, who pretty much knows all the details.

I question why much of this isn't in writing, but I guess if the top members are displeased and feel duped, this would quickly trickle down and everyone would quit and the whole MLM would tumble.

So, I tend to trust what I'm hearing; I do fault them for a lack of communication though."

Any opinions?

Finally, a completely useless review of Pampered Chef, which I threw in for you to figure out how many violations of the new FTC Biz Op Rule this testimonial has. I figure about 4 to 6. What about you?

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Full post as published by Misleading Advertising Law on July 02, 2008 (boomark / email).