|Gold club 50, Scam or not?|
Have you heard of this new earning opportunity lately? Its online based and probably the cheapest to join MLM I know. It will only cost you $1.25 or 50php to buy a position and download their product which is an e-book. The challenging part is you need to recruit 4 people in 1 week time to qualify for a commission. The commission is 4php per person you recruit and their downlines and the cycle goes 10 levels deep..
for example you recruit 4 people 4x4=16 then your 4 downlines recruited 4 each so in that level below you you got 16 people giving you 4php, 16 x 4= 64php. the same happens in the below with that 16 people lets say each got 4 recruits, 16 x 4= 64, 64 people giving you 4php so you have 256php. Now do the cycle 10 times the you will have 5,592,400 php. A really big income potential for 50php investment.
The company is registered in the name of Joseph Diaz Ligad in Butuan City.
their legal papers are seen below:
The picture above is Gold Club 50's Dti permit? take a close look at the encircled part. This is what it says
"This certificate is not a license to engage in any kind of business and valid only at the place indicated herein"
I am not a lawyer but I do understand simple English. Considering the online nature of the MLM company Gold Club 50, it is operating and engaging business in the whole Philippines, even worldwide. I personally find this Dti permit questionable or inappropriate with Gold Club 50.
As the picture above clearly state, ASK FOR RECEIPT... These are normally found on local physical stores or businesses wherein they can personally hand you over a paper receipt. I can not say Gold club 50 is not giving away receipt to costumers but the question is how are they implementing this online? Are they giving away receipt? Is Gold Club 50 registered and supposed to be a physical business and should not be engaging business online?
After my seen issues, Is this really viable? what happens when you did not recruit 4 people in week? why is there a time pressure? this ebook product of them, does this have real market value? What happens when this will be found illegal? ( anti cybercrime law in the Philippines, effective this October 3, 2012)
people need to know, share your opinion in the comments below..
Is Gold club 50 Scam or not?