What Is MLC247 and How It Operates to Defraud.
After receiving a Google Alert I was prompted to ask What Is MLC247 or mylifechange.com? Promoting itself as a way to achieve your dreams, I wondered if it is a scam, fraud, or legit and safe global community fund exchanging investment opportunity, as they describe. This is a new way to refer others to make money online and has caught the eye of authorities in Namibia, whom, have passed judgment and declared this affiliate program to be illegal! At this early stage of the exposing of this group, I have seen some bloggers say these guys hail from South Africa. This appears not to be true! I have the whole truth, and to save you reading further, I can tell you now it is a scam! I am going to prove this to you beyond doubt, however, save you reading further, and if your still interested in making money online legitimately, I recommend Wealthy Affiliate. Alternatively, you can Sign Up Here to see for yourself! Why not – it’s FREE – comes with paid options!
WEBSITE:- https:// www .mylifechange.com
FOUNDER:- OLSEN LARSEN.
CREATED:- 22/12/2016. RENEWED:- 22/121/2017.
SIGN UP FEE:- YES! R200 ($14.53).
SCAM RATING:- IT IS A SCAM BUT NEED TO KNOW HOW BAD BEFORE AN ACCURATE RATING IS ACHIEVED.
#1 Work From Home Recommendation:- Wealthy Affiliate – The Home of Internet Marketing Online since 2005!
What Is MLC247 With No Service or Product.
‘You‘ are the ‘product‘, the ‘target’! ‘You‘ provide the ‘service‘! Mylifechange.com is a fraud and does not have a service of value and has no online digital ‘product’. I was just on Facebook and was astounded by how many people are actually falling for this. Some are saying this affiliate program scam is “a Gift From God!” Maybe from the other one – but not from the Big Guy! CORRECTION:- THEY SELL CAPS, T-SHIRTS AND GAZEBO’S.
I received an alarming Google Alert this morning informing me of this relatively new scam. I looked further into it and it has been labeled a ‘Pyramid Scheme’ and we all know how they work. I was disgusted to see, on this websites Facebook Page, one of the ‘admins’ by the name of ‘MLegoabe Rekisha’, offering to do a whats-app video tutorial. This ‘tutorial’ is designed to inform people how to earn money with them – for a FEE!!
People are actually signing up to this. Never EVER pay a sign up fee without trying out the product or service for yourself FIRST – N. B!
Wealthy Affiliate does not require a sign up fee to try out all features for free first!
I said earlier bloggers are the location of this program wrong. Per WHOIS they are from Oslo, Norway!!
I am now going to PROVE TO you why this is a scam, fraud and not legitimate website.
Proof of a Pyramid Scheme by MLC!
When I went to their landing page I was presented with an enticing 75% MONTHLY Compounded ‘GROWNTH‘!.
That is all I need to call this a b.s scam! Let me explain.
‘Compounded Growth’ is referring to Compound Annual Growth Rate. So the terminology is not right to begin with. But it’s not this that got my attention as such. 75% RETURN ON INVESTMENT!! 75%!!! MONTHLY!!!
Compound annual growth rate is measured over a year, not, a month. No affiliate program can sustain that in such early stages of their online life, telling me, that they do not have the capital to pay people those returns relative to the rate of it’s growing popularity. Please, read that again, because what I am about to say will leave you in No doubt to it’s criminality.
SO! Where does the money come from to pay those returns? Let’s say – I am a member and I refer ‘you’. You ‘pay’ a sign up fee. Now, that process is repeated thousands and thousands of time. Here is where all the money is coming from – from NEW SIGN UPS!
When the sign ups stop then the lower tiers fall away thus crumbling the whole scam! No new people then there is no new money to pay people who have made an investment.
When the money flows up-wards like this from the masses below, then, this is known as a pyramid scheme, and because of it’s unsustainable business model, is a scam and TOTALLY ILLEGAL!!
Shall we break down the logic of this rubbish some more, or, do you want to read my Wealthy Affiliate Review that can show you how to earn for LIFE!
ANOTHER GLARING POINT IS THIS:- 75% OF (lets round up) $74 is $55.50 returns. In order to achieve some longevity, in order to scam as many people as possible, some are saying they already got paid! BUT MANY WON’T – THIS IS A PROVEN FACT WITH PYRAMID SCHEMES TIME AND TIME AGAIN! The returns relative to investment is too high and a highly reliable sign of underhandedness!!
One makes this investment, then waits up to SIX MONTHS for it to ‘mature’, for their dream t come true with ‘riches‘. I said the word riches because that is the ‘word’ this site is using. Statements of exaggeration is another sign of a fraud for such little to no work. Upon further research via comments on this forum – you have a choice of between 1 to 6 months to wait for maturity!! T
What MAKES me even more annoyed and surprised with these guys, is this:- Their Facebook has comments of people saying “I hope this is real and not like ….” – I looked up the group they were talking about and it is a near exact scam as what they just joined now – WHEN WILL SOME LEARN!? You have to work to get rich, not invest a low amount, sit back, and get so much back – that won’t even make you rich – even though this website is saying you WILL GET RICH!! The logic is all WRONG!!
It just does not make any sense. It is possible to make thousands a week online but now this way. LASTLY! That is hardly ‘riches‘!
This is a scam website. Namibia has out lawed them for a reason!! I have proof if you want to see it – just ask.
There are no banks involved in this ‘venture’. Why no banks? That’s suspicious in itself. Members ‘hold’ the money that gets transferred to others higher on the pyramid. Now, the one that transferred that money, is waiting for their own little check to materialize in such a manner. This is my understanding. I am open to ‘correction’ if any disagrees with me.
They operate SOLELY ONLINE!
I could speak so much more with what is wrong with this online ‘opportunity’ but I do believe you have enough information to stay away from them.
SCAM RATING:- While some seem to be getting paid, or they are just a part of this scam, I will give this 10/100%! ONE LOSES A LOT OF POINTS FOR BEING OUTLAWED IN AN ENTIRE COUNTRY!!
AWAITING ON PAYMENT PROOFS!
There is so many data to still to be written on how wrong this group is, I just don’t have the patience not to get upset, with all the good people they are scamming! The ID on Facebook for MLegoabe is hidden behind a ‘BITCOIN’ image – A CLASSIC MARKETING ERROR! AND A SIGN OF A SCAM!!
This man even has the word ‘Lego‘ in his name – I don’t need to say anymore. I am done with these fools!!
HAVE YOUR SAY!
I would love to hear from you! Have I got this group all wrong? If so please tell me and all my readers why. Have ‘YOU‘ made money – let me know. If you have, take it and run – pyramid schemes have a short shelf life – and DON’T give them the money back via further investments! The more scams I expose the more dismayed I get at times as I do encounter people online that have, or, currently falling for it! I can show anyone how to build their own website and make a true and legit living from it. Your own business can’t scam you either as it is all down to you with my help and the help of over 800,000 other Affiliate Marketing Specialists. Of course, you have to do what makes sense to you. SIGN UP HERE if you want to reach your financial goals sooner! Before you go – I recommend you sign up to my Websites Newsletter as well as it will keep you informed with all the up to date scams on line. I have Google ‘rigged’ to alert me to such things. I look forward to all your comments and I sincerely hope I have answered what is mlc247 sufficiently to keep you away from them. Feel Free to Share this Post as it is a New and Current Scam Actively Causing Damage Now! Thank you kindly and please come back again soon as I post daily. All the best and take care of yourself online and each other.
Where has the site gone to and where are the Founders? If you have any knowledge of this please report it here. We need to come together to try and track down these criminals. Why are the Founders Criminals? As of 00:00 1/1/2018 https://mylifechange.com shut down for good scamming people all over South Africa, Namibia, Swaziland and Ghana. ALL FORMER MLC MEMBERS PLEASE REPORT YOUR STORY BELOW SO IT IS HIGHLIGHTED TO FORCE ONLINE AUTHORITIES TO SIT UP AND FIND THESE PEOPLE!! PLEASE SHARE AS MUCH AS YOU CAN TO FORCE THE AUTHORITIES TO DO SOMETHING BEFORE THEY COMPLETELY DISAPPEAR!!
Please read my review on MYMLC247.COM called What Is MYMLC247.COM to find out what is going on. Do not let these guys run off with all your money. I’d appreciate a share or a comment – spent all day finding out where they went – be nice 🙂 . I hope this renews older members of mlc247! https://scamwitness.com/what-is-mymlc247-com-a-call-to-all-mlc-members .