The XL scam has been doing the rounds for some time. Duped locals are paying for refunds in other countries as the house of cards falls.

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.'

Bold accusations, yet you make an anonymous posting and don't have the guts to own up to your remarks. It's like Winston Peters making bold and largely unfounded accusations under the protection of parliamentary privilege!

People need to check ALL the facts and do their own research before making up their mind about an issue. Behind all the stories of scams and other allegations appears to be a very personal and individual vendetta by someone experienced in journalism and seeking revenge.

Scaremongering is a poor substitute for good journalism. Just because these statements exist on websites or printed publications doesn't mean they are valid or true. It's also important to check the motivations BEHIND any story and understand their agenda.

To call XL Results Foundation a cult is absolutely ludicrous. Rather than trying to control or manipulate people as this anonymous poster seems inclined to do, XL simply presents a different perspective, and people are free to make their own choice about it.

I joined XL Results Foundation in May, and it's the best thing I have ever done. XL's commitment to making a meaningful contribution to society is very real, and it's very powerful to work with people who are united in their intentions to make a very powerful difference. It's also great to spend time with people who are owning who they are and taking responsibility for their own life and their own choices - it does away with a lot of the issues that get in the way of authentic relationships and meaningful collaboration.

Anyone who has not yet reached a stage of self-actualisation where they really LIVE this stuff simply may not get it; in that case, XL may not be for them. The people who thrive in XL are not those who are simply looking to build the number of contacts in their network, but rather the people who are seeking genuine connection for a higher purpose. True collaboration takes everyone together higher, faster and more sustainably.

Regards -
Sheri Suckling - XL Member, Auckland New Zealand

XL Results Foundation is a global traveling scheme duping people out of their hand earned money. XL Results Foundation & Roger Hamilton is hiding the Prymaid Scheme in accounts hidden with fiticious assests in a maze of subsidiary companies.

Sheri it is illegal to buy into a pyramid scheme let alone partake in one. Contact your local Fair Trade Department for advice.

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