What Is MLC247? Is MyLife Change 247 a Scam or Legit? Review.

By | October 19, 2017

Scam Witness Investigates Online Scams

What is mylifechange247

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!

Free training videos

 

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.What is mylifechange247


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!!

SERIOUSLY!

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!!

 

What is mylifechange247 and bitcoin

 

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!!

NOT LEGIT!

SCAM!

STAY AWAY!

AWAITING ON PAYMENT PROOFS!

 

 

CONCLUSION.

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.

 

learn to hunt for online success. Tiger hunting in urban building.

 

UPDATE!!

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!!

 

UPDATE!

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 .

Scam Detector

230 thoughts on “What Is MLC247? Is MyLife Change 247 a Scam or Legit? Review.

  1. nicolas

    Are you a business Man, (Another Spam mail for the same person, under a diff name, deleted by Scam Witness).

    Reply
    1. Scam Witness Post author

      This is third spam of the same message received in this sites life time from you.

      I SPAMMED the one you left yesterday. I am respond to this one, out of courtesy, to let you know that all future comments of this type are being reported as spam and trashed.

      I wish you well.

      Regards,

      Philip.

      Reply
  2. Hlengiwe

    Hi Phillip

    Will you please check on Siba- holdings changed their URL to Siba-za.com few days before their domain was shut down ..Siba Brother and Sister and also known as Luyolo and Noluvo Siba, the banking details they were using was Capitec Bank account holder as Priscilla Magaqa and FNB account holder as Lindokuhle Dlamini using the same contact number as follows: +27 66 418 0286
    Thank you

    Reply
    1. Scam Detector Post author

      Hi Hlengiwe,

      So, dont’ be alarmed, I rebranded and switched to https://. It is still ‘me’.

      So thank you kindly for letting me know Hlengiwe and I will further into these people.

      I think you should definitely become a Scam Detector as well as those are some legit and accurate details!

      Thank you again and I will go now and have a good look.

      Regards,

      Philip.

      Reply
      1. Goje

        Hi Philip
        Please help ..there is this pyramid scheme networking company called Longrich.
        Is it Authentic.
        I heardin Botswana they were scammed millions by it…check the story on google..and people in SA are joining it like..they are convinced its the real deal…

        Reply
        1. Scam Witness Post author

          Hi Goje,

          In short, LongRich Bio Science is not a scam, in my opinion. They have been operating online since 2006 and they allow members to buy products to sell on for a profit. This is a Multi Level Marketing Company.

          Problem is Goje, and I advise you take this on board, it is very difficult to make any money in an MLM. Most participants end up losing all their money buying products because most don’t want to buy them in the real world.

          There is a way you can make good money via LongRich and that is by setting up your own website. You can buy LongRich products, use them, and write about them on your site telling others why you recommend that product. Then, within that article, you can learn to refer others through your affiliate link, to join LongRich. When they start making purchases then you are earning money.

          This is actually pyramid scheme in nature but legally they are legit.

          I hope this answers your question Goje and please don’t hesitate to contact myself directly here if you have any further questions. Also, I can give you two free websites and some free training if you are interested.

          All the best Goje,

          – Philip.

          Reply
    2. Adams marco

      HOW TO JOIN THE GREAT ILLUMINATI GROUP

      HELLO EVERYONE… (comment deleted by scamwitness! Reason:- SPAM!). My apologizes to the sender of this comment but it had nothing to do with the article and left an email address along with several phone numbers. Please do not leave such a message again. Thank you.

      Regards,

      Philip.

      Reply
      1. Scam Witness Post author

        Please don’t leave spam everyone has our system catches 99% of them anyways and they just don’t get through. Evidently, some do and they will deleted.

        Reply
  3. Smah

    Hi Phillip
    Its said that people like MLC come and cone us the little we have ,but one day I know my God will punish them.
    can I get more info on Waelthy Affiliate since it sound like a promising and legit site ,on what to do ,do I have to sell something or promote anything .please anything that will make me understand your site more.
    Keep helping

    Reply
    1. Scam Detector Post author

      Hi Smah,

      Yes, it is very sad that people are still grabbing from each other as if there is not opportunity for all.

      So, there are many ways to make money with your own website.

      Choose an area of interest that you would love to write about. Create content around it and join up with other affiliate programs when traffic is high. When someone clicks on one of your links leading to a product or service via your post then you earn more.

      For full details please see my review on Wealthy Affiliate >HERE to learn how to start your own online business with $0 Start Up. Comes with Paid Options for those that want to earn sooner.

      Reply
    1. Scam Detector Post author

      Hi Luck,

      I never heard of Bittank. However, I did not see any negative reviews on it yet, so it may be OK.

      Keep in mind MOST mining opportunities are Ponzi Schemes. So, be careful. But, like I said, they appear legit. It is often happen a company will be honest for a while and then turn bad.

      Minimum investment is just $5 so I guess it is worth a gamble to find out.

      Good luck,

      Philip.

      Reply
    1. Scam Detector Post author

      Hi mc,

      Virtual Bank . net is shut down. It was a scam run by same scammers known as MLC247.

      Oddly enough, they appear to still be promoting Virtual Bank on the Facebook Page known as Virtual Bank/Great Minds Network 247!

      Regards,

      Philip.

      Reply
      1. kciara

        LIAR VIRTUAL BANK IS NOT OWNED BY MLC?????U JUST LOOKING FOR FAME IN A WRONG WAY ,YES I DID LOOSE MONEY ON MAC BUT YES SOME MANY PPL GAINED AS WELL ,GREATMINDS ALSO OWNED BUY OTHER PPL ,RICHMINDS ALSO CHOWED ME BUT ????AVOID FOOLING MA DEAR u are also recruiting for ur site that u recommend ,,even bitcoin mining we make a lot of money but some do say its a scam mom ????

        Reply
        1. Scam Detector Post author

          Hi kciara,

          I am no ones dear.

          Secondly, my research indicates that virtual bank was owned by mlc.

          How do you know anyways? Both sites have no owner ID?

          Yes, I am an Affiliate Marketer. Do I do deserve to make a living as well? Least my way is honest and not criminal.

          Anyways, I hope you are able to grow up a bit the next time you leave a comment here.

          Bye,

          Philip.

          Reply
    1. Scam Detector Post author

      Hi Nonhlanhla,

      Please Google MYMLC247 DOT COM and you should find it easy enough. I can’t leave a link to a scammer site for the safety of other people, also, Google will think I have gone straight up lost my mind if I appear to be promoting them by leaving such a link. Hope you understand.

      Regards,

      Philip.

      Reply
  4. Gracebea

    Hi
    I was also scammed and have learn a great lesson.I just hope there criminals would be caught as many have signed up to no avail . We were earned … but Ja.

    Regards.Gracebea

    Reply
    1. Scam Detector Post author

      Hi Gracebea,

      Many of these crooks are now getting caught by authorities. However, so many do get away. One can only hope for a safer online world to come.

      Regards,

      Philip.

      Reply
    1. Scam Detector Post author

      Hi Mimosa,

      Virtual Bank (virtualbank . net) no longer exists. It was a scam site belonging to scam site owners MLC247 who now own MYMLC247 and other such sites.

      Hope this helps.

      Regards,

      Philip.

      Reply
        1. Scam Detector Post author

          Hi Khutso,

          I have received at least one report from a lady that was MLC247. She moved to their new site MYMLC247 and if anyone complained about no payments from old site they account was banned. MLC247 appears to have be removed as well and was up for only 15/18 days.

          I am afraid it does appear they have made off with a lot of other peoples money, so no, not likely. Did you pay with Western Union? If so they are now starting to pay back people if they got scammed. Sorry for your experience with them and thank you for your question.

          Regards,

          Philip.

          Reply
          1. Ntshetsana

            Hi Phillip

            It’s Ntshetsana

            I’ve invested lots of Money with MLC. Im presently not able to access their website and my investment is due for payment in FEBRUARY, April and May respectively.

            How do I get hold of Administrators.
            Regards

          2. Scam Detector Post author

            Hi Nteshetsana,

            As you may have noticed, MLC247 is gone.

            You can find them hiding on their Facebook Group called Virtual Bank\Great Minds Network 247. I hope this helps. However many have tried and failed.

            Regards,

            Philip.

    1. Scam Detector Post author

      Hi Lhose,

      ONECOIN was set up by a bulgarian business by the name of Ruja Ingatova. Set up as a crypto currency blockchain, whereby maths formulas are completed to release online currency to made into real money. People who mine, who do these formulas, charge a fee and will do such work relative to your investment.

      However, briefly, they sell educational packages which much of has been sourced and copied from the Internet. With these packages you get ONECOIN TOKENS. There is no way to make real money out of ONECOIN CRYPTO CURRENCY and has been labeled a Ponzi Scheme. People have already been arrested in relation to ONECOIN and I would advise you to go No Where Near Them.

      I hope that answers your question 🙂 .

      Philip.

      Reply
  5. Piet Plk

    I read all the reviews and comments about mlc247 I invested an amount of Zar2000 for 2 months December 6 2017 with roi zar6125 on maturity date February 6 2018 but this date was moved forward to February 14 2018 then again to February 22 2018 citing gap allowance in order to honour older dreams ,I tried to logon to the system but the message I get is the web page cannot be reached…..can anyone of the mlc’ers give me a a reason for this or provide a web address…..I have a vested interest and I believe so are you all…..but let’s call a spade a spade….if what Phillip is saying be true, then please advise of the new address so that I can logon…and a screen print of the last time that anyone has logged on after January 8 2018,as they say the prove is in the pudding….. just fyi I already had 10 people I shared this opportunity with but had to discourage them to create their dreams because of this uncertainty…kind regards….Piet Plk

    Reply
    1. Scam Detector Post author

      Hi Piet,

      Oh, this sounds like a particularly bad case. I am sorry.

      You can find details where these MLC247 people have moved to here http://scamdetector.siterubix.com/what-is-mymlc247-com-a-call-to-all-mlc-members and they have re-branded under MYMLC247 DOT COM! I won’t leave a live link here as I do NOT want my site ‘pointing’ to a scam site. You will find other reviews on that review detailing more sites they have set up. They are also on Facebook as Virtual Bank/Great Minds Network 247!!

      Virtual- Bank.net, though they are promoting on their FB page, is shut down. I have asked them why they are promoting a site they shut down. Waiting on reply.

      I also was informed that they are setting up a new pyramid scam site called womeninmove .com.

      I hope you find that article above on What Is MYMLC247 illuminating per your query.

      I will also keep a very close eye on your questions to see if any of the more ‘VOCAL’ MLC members will have the courage to answer you.

      Thank you for exposing them and I appreciate your time in this matter.

      Regards,

      Philip.

      Reply
  6. Nhlanhla

    Hi , Philip i like to thank you for letting us know about the scammers, i’ m a victim of mlc, my dreams were supposed to be paid on 07 and 12 December 2017, now the site is gone n i was patiently waiting n hoping it will be back soon, i will np longer waste mu time trying to login bcoz now i know there is no site coming back. Tnx again…

    Reply
    1. Scam Detector Post author

      Hi Nhlanhla,

      You may wish to go to http://scamdetector.siterubix.com/what-is-mymlc247-com-a-call-to-all-mlc-members and find out where they went to. They moved site to avoid paying members. You can make contact via my post just there. They also have two other sites, and I reviewed them as wel. You can find more information http://scamdetector.siterubix.com/what-is-rich-minds-network-is-rich-minds-network-a-scam and the other is http://scamdetector.siterubix.com/what-is-rich-minds-network-is-rich-minds-network-a-scam .

      Both same scam by same owner. You can share all those posts to the hilt to try and save as many people as you can.

      I truly am sorry they did this to you and I do know such a feeling. It is hard to not have compassion for your situation and I can only hope you did not lose too much Nhlanhla.

      Should you be able to make contact via MYMLC247 article then it’d be great if you could keep me in the loop regarding this issue of your payments per investment.

      Thank again for sharing your story and I hope 2018 will be a better year for you online.

      Regards,

      Philip.

      Reply
      1. Goje

        Hi Philip
        WIN (Women In Move) is their next pyramid.it is to be launched 15 January…take a closer look at.

        This people are getting rich out of other people’s sweat…its sad.They are done with mlc…the very same people who bought cars and houses in mlc are the very leaders of this.
        Please drop me an inbox e-mail. For further info.
        People are left poorer….Am one of them and I am angry at myself.
        People are greedy…
        GM247 Admin same people..but now their system in just 2 months has been hacked…people have donated big monies…..and they are Also given false hope like mlc by their admin…this has to stop.

        Thank you
        Goje

        Reply
        1. Scam Detector Post author

          Hi Goje,

          Thank you for the invaluable data on WIN. I Googled them and their site took forever to load. I will try again soon.

          I found their GM247 FB Page. However, I did not find a site for them – is it dot com or net? I did however find a greatminds247 – is this the same site? I reviewed and exposed GreatMinds 247 as well.

          Best news though:- GM247 FB PAGE! WELL, they have listed a hornets nest of their scam sites and I now know what I am going to be be exposing for the whole day 🙂 .

          I will also keep looking at WIN as well.

          I can’t thank you enough as I am determined to disrupt their operations to a point of demoralizing their online behavior!!!

          Thank you once again Goje 🙂 . As always, if you find them – or anyone else – I will expose them to the hilt!!

          Regards,

          Philip.

          Reply
    2. LOLO

      Hi Phillip
      I was also a victim of this site, and its funny how my conscious warned me before joining, but i let my guard down and joined in anyway. Now i feel so dumb for going against myself.

      thanks for letting us know about this scan, i wont fall victim to any such scams again

      Reply
      1. Scam Detector Post author

        Hi LOLO,

        First off, thank you LOLO for having the courage and coming out and sharing what happened to you. Scammers are delighted when people do not have the courage to say what happened to them due to embarrassment etc.

        I too was scammed online before and decided to start this site to help warn others. Thus, I no longer feel embarrassed and embrace as an empowering motivation to do my work and a lesson learned extremely well.

        Do not be too down on your self and I know I can point you in the right direction should you wish to find a real online opportunity for 2018. 🙂 .If not, no hard feelings LOLO, and I am always here for a chat any time.

        Regards,

        Philip.

        Reply
    1. Scam Detector Post author

      Hi Eve,

      USI-TECH just got a warning set against them and the public have been warned. The collapse will surely follow soon. Stay away or get caught up in the aftermath.

      Thank you for your question and I hope I was of use to you.

      Regards,

      Philip.

      Reply
  7. Yudi

    Hi

    I have also been taken for a ride on MLC247.
    I only got paid out once in 2017.
    The majority of my “investments” were supposed to have matured this year.
    Last year my “investments” for 6 months have been pushed up a month for 2018.
    I queried this with the online chat support and was advised that the site is going to renew itself at the end of December 2017 and that my “investments” will be as of normal in January 2018.

    The online chat support were unprofessional and sometimes rude.
    Looking back I should have seen the signs…

    Reply
    1. Scam Detector Post author

      Hi Yudi,

      I am sorry they did that to you! Many were taken and you should be too hard on yourself. Olsen Larsen ran with all the money due to a lessening of sign ups, thus, no money to pay older members.

      He created a New Site, which I was quick to find by asking them in their ‘SECRET’ Facebook (psst, they did not know who I was and thought me a member = lol) so able to expose them. This new site was created on two days after the BoN warning. I have now exposed that site as well which you can see here http://scamdetector.siterubix.com/what-is-mymlc247-com-a-call-to-all-mlc-members .

      It would be very valuable if you left you experience on that article also as it will help new sign ups to be informed. Thank you, but, only if you have a moment.

      I have also found two other sites that they have created that look very different, however, the ‘speak’ and returns are the same racket and they were created under the name of Mafikiri George – Seems like Olsen is distancing himself from MLC247 and MYMLC247!!

      Thank you for further exposing them and everyone who did not get paid should do the same, otherwise, you really are letting away with it!

      Regards,

      Philip.

      Reply
        1. Scam Detector Post author

          Hi Nono,

          VB – I checked and it is Visual Basic. This is simply an early computer programming language, primarily used, for architects in designing buildings. I tried to learn it years ago but find it to be very boring.

          However, if you are not talking about Visual Basic, but a scam site, please leave link if possible. I will delete and your comment with out it as I don’t want my site ‘pointing’ to a potential scam site.

          Thank you Nono,

          Philip.

          Reply
        2. Scam Detector Post author

          Hi Nono,

          Please disregard my last comment! I believe you are referring to VIRTUAL BANK? (VB). YES! They are the same scammers as MLC247!!! Thanks for pointing me in the right direction.

          Please stay away from them as they are running the SAME SCAM as detailed above.

          Much appreciated for helping me find another one of their horrible scam sites 🙂 . I will now proceed to expose that site as well.

          Regards,

          Philip.

          Reply
  8. Linekela

    Hi Phillip
    Thank you for this article, with all the current happenings and payouts delays at MLC is what caused me to look for a review online and came across your article. I regret not heading the warning for BON.
    I am interested in a legit opportunity that will make me real money and that is legal way of doing business.
    Please contact me as I want to know more about WA, I tried it last year but found it too complicated with my technical knowledge. .

    Reply
    1. Scam Detector Post author

      Hi Linekela,

      WA is not complicated at all. I can show you how to make a booming website in time with financial success. Just click on the links to do so in my article and I will be determined to help you succeed.

      Regards,

      Philip.

      Reply
      1. Scam Detector Post author

        Hi kris,

        I also asked the same question before I joined and did some serious research into them.

        I found very few complaints relative to positive reviews/feed back and membership numbers. Ultimately, I was happy to join and find out for my self. Wealthy Affiliate does not promote lazyness to earn money online – you must work with a passion to build your own solid and long standing website. In earn it will reward you with a full and legit income that you can be proud and be very happy with.

        So, I am with Wealthy Affiliate near on 7 months and I am still working away very happy and more than happy with the results.

        Here is my review (research) into Wealthy Affiliate http://scamdetector.siterubix.com/is-wealthy-affiliate-legit which should answer all of your questions. If not, please just ask me kris, even if you just want to know out of curiosity.

        Thank you for your question and I hope to see you again.

        Regards,

        Philip.

        Reply
    1. Tk

      Hi i also invested withdrew on 9 December but account still on 00 balance , hurtung as i was depending on it

      Reply
      1. Scam Detector Post author

        Hi Tk,

        That is just a test run for comments that is run routinely to make sure comments are showing up.

        I am sorry you are hurting and hope you find a better way to make money online.

        Regards,

        Philip.

        Reply
        1. Goje

          Hi Philip
          Just a few days after reading your article.I knew that I am in for it.All my savings…..i just joined November 14 and donated 78 000 hoping to be able to pay school fees and atleast build myself shelter since I don’t have one.

          Last day of 2017 mlc was no more.came back on the 2nd as mymlc247.com with no growth…no one is getting paid and to make things worse we being ignored….then being bluffed the owners send posts to us claiming they are being paid, and are left there hanging..
          Another shocking current affairs is that they have opened another domain to totally new members who dnt even know nothing about mlc .Please check it out .I have joined just to keep track.GM247 (www.greatminds247.com) .Apparently it started November 2017 and the Leader is still the same Mafikiri George. These pour souls are so excited they invest big monies e.g R 50 000. And again i saw there was another one coming up called “rich minds247”.
          He is done with mlc and we left fools.How do we nail these people help us before it’s too late.
          Pls advice mlc Namibia also confused just to keep track I also joined their group,it’s a sad situation.

          I wish mlc members could wake up.We are being told that by February everything will be fine.l doubt .We worried they are busy making money on GM247

          I just hope we find justice in this.

          Regards

          Goje

          Reply
          1. Scam Detector Post author

            Hi Goje,

            First off, your story is the worst I have seen so far from any MLC247 Member! I am truly sorry they made off with so much of your money and left you in an even worse situation. I am sitting here sighing and so disappointed that this has happened to such an extent as yours.

            Great job on find the other two sites and I will do a ‘number’on them to expose them further. So, Olsen Larsen is fictitious? I thought so. And Mafikiri George is the real founders name? I will research him further. Any tit-bits you can get on those two new sites will be great appreciated and I will feature your excellent research within up coming posts. Thank you for that. I www. greatminds247 .com has very low traffic at the moment and registered for just two years = such low registration is nearly always a sign of a scam.

            Please keep in contact with me via this article and we can work together to get these guys. Should you know many of people who have had a similar experience I would ask you to tell them to report it here.

            They authorities can’t even located these people as they are TOO GOOD at hiding their ID online.

            All we can do for now is spread the word. I can’t believe how obviously a scam they are and it would be great if you and many like you Goje shared this article and commented to get them back and lessen their traffic and victims.

            Looking forward to hearing back from you Goje.

            Regards,

            Philip.

  9. Eve

    Hi Philip
    MLC247 has really been good to me and i liked it..too bad its nomore so what can you advice me as i would like to make more money like i used to with mlc247

    Reply
    1. Scam Detector Post author

      Hi Eve,

      I am glad you were one of the lucky ones who walked away with a good experience and money. Many did not but I am happy they were good to you 🙂 .

      You may wish to see my GOOD JOBS ONLINE menu button top of page and the OK JOBS section. However, due to the low pay all of them offer, I would advise you either Read my Wealthy Affiliate Review HERE http://scamdetector.siterubix.com/is-wealthy-affiliate-legit or Sign Up HERE http://scamdetector.siterubix.com/ncsk.

      My review will give you full details on how to make a succesful website online and how to monetize and earn from it. Let me know should you have any questions.

      Regards,

      Philip.

      Reply
        1. Scam Detector Post author

          Hi Thembi,

          A Great Question! The creator of BitCoin is not known, however, the invention of BTC is legit. It is an online cyptocurrency (crypto is simply maths formulas that are performed by people whom ‘mine’ (complete maths formulas) to unlock BitCoins. When you pay someone to do this, say $500, you will make a legit profit if it is a legit online BTC opportunity. Problem is, far too many scammers are immitating BitCoin and giving it a bad name.

          BitCoin will be depleted in 2041 as there only so many mathematical formulas before all currency is ‘mined’. Also referred to as Virtual Currency or VC’s.

          Ultimately, there are shed loads of BTC scams online so do your research and be careful.

          Hope this answers you question.

          Regards,

          Philip.

          Reply
      1. Eve

        Hi Philip
        Did you notice that mlc247 website is not gone as we thought?is it possible that it couldve been hijacked and brought back as a scam this time???

        Reply
        1. Scam Detector Post author

          Hi Eve,

          It wasn’t a scam before? No, MLC247 deliberately changed over as I was in communication with the admin of their ‘SECRET’ FB Group.

          Regards,

          Philip.

          Reply
          1. Eve

            What do you mean?do you think its still safe to take part or would you advise me to withdraw?

          2. Hope

            Hi
            My name is Hope, I’m in University. I joined mlc in October hoping to make money to pay for my school fees. I normally do my research before I join any groups or stories but this time I was blinded and ripped off by mlc.. I didn’t think that this was a scam at all or it was a offense, but now I have learnt my lesson, no more am I joining such schemes again. . I honestly hope that we will find justice soon, these crooks deserve to be stoned.

            The worst part is that they are trying to recruit more people to rip. I’ll be warning them from now on.. Thank you very much for this information.

          3. Eve

            Change how?can you please elaborate a little more so I can make others understand aswell

          4. Scam Detector Post author

            Hi Eve,

            Good to hear from you again Eve 🙂 . You question implies it was safe to begin with, for which, it was not.

            I would never ever advise anyone to enter into an illegal online operation for which they could potentially be criminally charged themselves. It does happen at times, when the scammers are caught, cops may go after promoters as well. Be careful.

            I can not tell you what to do Eve – I can only supply you with the correct data for you to make up your own mind. I hope I have been helpful for you to decide your own decision.

            Regards,

            Philip.

          5. Scam Detector Post author

            Hi Eve,

            Regarding the change, well, they shut down their old site known as MLC247, did they not?

            MYMLC247 is a new and separate site running the same scam as clearly evidenced by new and the absence of their old URL. Please go to WHOIS and compare the registration dates for both MYMYLC247 and MLC247 and you will clearly see a difference.

            It is common for Ponzi/Pyramid Schemes to do this when new signs ups stop coming in. When sign ups slow, there is no NEW MONEY TO PAY OLDER MEMBERS, thus they run and start afresh.

            You may say – but they did not run? Well, please inform ALL MEMBERS OF THIS so they may have a chance to claw back their money.

            Each URL is a ‘PROPERTY’ within Google. They changed location of their online operations to a different ‘PROPERTY’ = URL. Again, when exposure of illegal activities of a site online are exposed, owners of such schemes will just change over their operations to a different URL so they can distance themselves from that exposure. However, they were kind enough to let me know their new site name so I could continue to expose them and warn others. I hope I have been very clear here, as I was before, and hope this is now understood fully for you.

            Regards,

            Philip.

          6. Scam Detector Post author

            In response to Hope,

            Should you wish to earn others please have a look at their new site called MYMLC247!!
            I did a review on them and you can see that here http://scamdetector.siterubix.com/what-is-mymlc247-com-a-call-to-all-mlc-members .

            You may wish to leave your experience there to help warn others from experiencing similar to you. You are most definitely welcome to share that article to the hilt as many will be saved by it – if they choose to listen that is.

            I am so sorry they did that to you and only sick people could live with themselves for doing as such. I hope to hear from you again Hope and here to answer any questions you may have.

            Regards,

            Philip.

  10. casey

    I completely agree scams like these are no good awhile back I invested into a company called herbal life and they where investigated by the FBI as scam claiming to make you money in just a few weeks but the catch is that you have to know a ton of people to push your product onto.

    Reply
    1. Scam Detector Post author

      Hi casey,

      NO WAY! HERBAL LIFE INVESTIGATED BY FBI! Where is the source of this information before I slam them in a post for being crooks?

      I thought they were legit. I sold from a catalogue online once and did quite well. However, selling that depends on knowing thousands of people is just plain rediculous!!

      Thanks for the heads up on that casey and I am surprised to hear it for sure.

      Problem with MLC247 is their business model. Its inherently flawed due to depending on the new sign ups and other behind the scenes criminal activities.

      Thank you for your comment and hope to hear from you again soon.

      Regards,

      Philip.

      Reply
  11. Brandon

    I’ve never heard of the MLC247 before, but just had someone try sell me this through email like 30 minutes ago.

    Thank you SO much for taking the time to review this garbage product before I spend my hard-earned money on it. Even if it’s a measly $14, that is still money taken from me to receive absolutely no value in return.

    Great job. I’ll be back for more!

    Reply
    1. Scam Detector Post author

      Hi Brandon,

      Yeah, its not a lot of money, but times it by enough, and it is a lot of money sucked out of local economies. I am glad you were able to find my article and have your question answered and to know they are gangsters.

      I post most days so hopefully I can have something new for you to read every day. Thank you kindly for your comment and I am surprised they are email spamming now.

      Thanks Again Brandon,

      Regards,

      Philip.

      Reply
  12. David Donahue

    Good Post. I always look for the red flags when considering joining any program. Sadly, a lot of perfectly good programs go down the rabbit hole when owners get greedy and then there are some that are just outright hustles. It amazes me what the human mind can come up with. The Wealthy Affiliate looks like a good program and I have always heard good things about it. It takes work and consistency but if you stick it out you can build a successful business via website and products or services. Interesting post and well written here!

    Reply
    1. Scam Detector Post author

      Hi David,

      Thank kindly for your comment. As of 00:00 1/1/2018 MLC245, or mylifechange.com, shut down their online business. This is going to leave man stunned as they were online for some time. Yes, Wealthy Affiliate has proven itself to me and has never let me down for support, help and training. Great community as well.

      Thanks Again David,

      Philip.

      Reply
      1. Davidson

        Hi,
        I was hoping to see where you will update your readers that the MLC247 once gone is back and active.

        Reply
        1. Scam Detector Post author

          Hi Davidson,

          The website property known as MLC247 no longer exists. Same owner setbup MYMLC247 displacing its mebers, many without pay.

          Kindly see very bottom of the post abive and you will I left the link to where site owners have moved their online illegal operations.
          Regards,
          Philip.

          Reply
  13. kapux

    I had just realized it now that this site is no more operating from 00:00 on the 01.01.2018, it was really a money scam that was having a limited lifetime

    Reply
    1. Scam Detector Post author

      Hi Kapux,

      I just verified reports of MLC247 shutting down, and yes, they have dissapeared. Terrible timing for a lot of people and I can only imagine the shock of it! Today will be a very hard day for many people for what MCL247 has done. I can offer a better way to all but some may feel like they can never trust online world again. This, I understand, more than you think. Always here to assist or even just for a chat kapux.

      Head Up and Smile – its a New Year and I am sending the most positive wishes for a financially successful one!

      Regards,

      Philip.

      Reply
    2. Scam Detector Post author

      However, I managed to gain entry to their SECRET GROUP ON FACEBOOK and they are trying to say they are having a 7 DAY BREAK! WE WILL SEE!

      Reply
    3. Cecilia

      My dear MLC247 is operational sins the 2nd of January. Just open” www. myml c247 .com.”

      Reply
      1. Scam Detector Post author

        Hi Cecilia,

        Please do some research before coming here and making a fool of yourself. (my dear).

        WHOIS says mymlc247 . com (please do not leave spam links in this forum in a feeble attempt to redirect old members to their new but same scam site = thank you kindly) was registered ( thus created to replace MLC247) on the 17/10/2017. A mere TWO DAYS AFTER THE BoN WARNING!! You do not have a legitimate case to be so arrogant. Please do your own home work and as I am not a teacher. You may wish to continue within this illegal operation you know to be scam and I hope you sleep well at night.

        2nd of January is just when they told others about it online is all. Means nothing and don’t see how running away from old members is a case for such confidence? Every scammer will have their day in court. Good Luck!

        Bye,

        Philip.

        Reply
  14. Tangi

    I’m still trying to figure out how giving out my personal opinion can send me to jail.
    Since ‘reading’ is proving to be a problem, let me take you through.
    Your first paragraph _ I don’t remember stating once that MLC isn’t a scam(if you need proof, text one-line one. Text one-line 5-6 (scam to scam comparison). Text one-line 18.Text 2-line 1…)trust me, I could go on forever. Yet again_your first paragraph is attacking me of something I didn’t say(but I don’t blame you though… Reading isn’t for everyone). Everybody knows investing in an up to 75% interest rate is a risk.,but if it works for them, which by the way it has, that’s fine. I yet again acknowledge your good humanitarian self that wants to warn others _THANK You. However, up until there you still didn’t address my issue. My issue was that, this article is just, as with many other online pages, a way of promoting WA.
    Now don’t get me wrong, there’s nothing wrong with promoting a product_it’s the method you’re using to promote (degrading another).

    Desperately awaiting an answer to my question
    Regards
    Tangi

    Reply
    1. Scam Detector Post author

      Hi Tangi,

      HAPPY NEW YEARSSSS!!! 🙂 . MLC247 Has gone! I reveal the TRUTH (NOT DEGRADING) THE TRUTH ON A SITE!

      I deleted have your comment to save you the blushes of being 100% WRONG on MLC. As for your other question – I am not a lawyer -.

      Let me tell you how expressing your opinion can get you personally into trouble. You are endorsing, promoting a scam site that has JUST TAKEN ADVANTAGE OF PEOPLES HOPES AND DREAMS!! SHAME ON MLC247 AND THOSE, WHO KNEW IT A SCAM, ON YOU TO AS WELL.

      MLC’ers have done nothing but try to BEAT MY ARTICLE DOWN when all I was ever trying to do was WARN PEOPLE. What ever more questions you have above I am refusing to further engage as I have now lost all respect for you and your opinion.

      Unless, of course, you can answer me this:- WHERE ARE THE FOUNDERS OF MLC247 AND HOW CAN I GET IN CONTACT WITH THEM?

      CRIMINAL AND SHAMELESS. I feel very sad today for the members who did not know MLC247 was a scam, to those, I am sorry this happened to you.

      Regards,

      Philip.

      Reply
  15. Tangi

    Weather MLC is a scam or not, your main intentions were to simply lure MLC customers to your Wealthy Aff… Wajimacallit!!!
    I mean come on, your petty scam might not be as popular as MLC, but bad mouthing is way too low.
    First thing_ I have to congratulate you for writing a full article and saying literally nothing ???, hats off.
    And of the facts you’ve given us (very very few by the way) they are all irrelevant_True,but irrelevant.
    Let’s take this compound interest being a year long condition… Yes, it’s true but is that reason enough to make something a scam?
    Like I said earlier, it’s not known weather or not MLC is a scam, but if you wanna promote yours, do it in your own.
    And if people aren’t getting paid, it’s because of you, discouraging customers _coz like you said,new money is used to fund dreams ;no new money (new members) directly translates to the system’s inability to fund dreams. So please, find another way to get customers for your scam_leave ‘this one’ alone.

    Reply
    1. Scam Detector Post author

      Hi Tangi,

      Thank you kindly for your comment. I have been scammed online before – so – I am offering people online free advice of what is honest and what is not.

      One of my passions to help other people to be successful online for the long term – thus – I need a real and honest product to help achieve that aim. The best online opportunity, one among other legit opportunities I might ad, is Wealthy Affiliate. Ergo, I combine two passions and turned it into an online business. Your comments are libel.

      If no one gets paid in MLC it is my fault? LOL. That is crazy. The reason why I say this is because it is a mathematical certainty. There are only so many people in any given region/on this planet that eventually there are no more human beings that can join to pay the older members = ponzi – and it is inherently flawed by nature and illegal globally.

      There is a person below who better explained compound rate below than I, however, 75% is stupidly Highly, no matter what.

      I am sure that last word on your first paragraph is not nice lol = what does it mean ? I like to learn new things.

      Well Tangi, I respect you for your passion and I wish you well.

      Regards,

      Philip.

      Reply
      1. Tangi

        The issue isn’t that MLC is/isn’t a scam_that’s MLC’s customer’s cup of tea. If people are willing to take risks, let them. If you wanna warn them of something they already know_do proceed…

        The problem is that your intentions from the beginning were to get WA customers, and the method you chose (downgrading MLC) is very low.
        Build your WA wajimacallit (yes _I used it again) on a solid foundation of good service or what ever you have to offer, and not on dragging one man’s creation in the dirt.
        If, as you claim, you’re trying to warn us_thank you, but do just that _STRICTLY.
        If you wanna promote your Scam over another, then do write another article and maybe title it “Why MLC sucks_and WA is better”
        Just please use what little dignity you have left and stop trying to promote WA while pretending to be a good Samaritan, Philip.

        Reply
        1. Scam Detector Post author

          Hi Tangi,

          MLC combines TWO (NOT ONE) BUT TWO ILLEGAL SCHEMES INTO ONE! These schemes once the cops catch up with them, will (at times) will actually chase THOSE WHOM HAVE AND CONTINUE TO ENDORSE IT!! DO you really want to go to jail Tangi??

          I have explained below and I shall do so again for the hard of ‘reading’. I have two passions. One is exposing online scams. Another is showing others whom have an interest in legit ways to make money online…. Go to any site and everyone is promoting something. I don’t take peoples money and leave them to have THEIR FINGERS CROSSED FOR ROI – which you have just admitted in your last comment by the word ‘risk’. Not good Tangi my friend.

          WA a scam, huh? Well – Google is your friend Tangi and you are welcome to look up the many positive reviews that exist on WA.

          Good Samaritan! haha. Wow, thank you for the comparison, however, I am simply warning people, as you very well know. But, I see you are desperately trying to change peoples perception of the truth (herein my article) of what is mlc247. I very much used to personal attacks from MLC’ers as this ‘tone’ seems to be the only type of com capable and ill’ly represents mlc. If I was the Founder of MLC and seen the comments left representing his/her’s online product = I’d Give You All A Full Refund and BOOT YOU OUT! Collectively you have been terrible ambassadors for your online ‘opportunity’.

          Anyone that doubts me – Please – DO NOT TAKE MY WORD FOR WHAT IS MLC247 ALONE!!! There are many online reports confirming my article.

          Regards,

          Philip. P.S. Good Luck 🙂 .

          Reply
  16. Penda

    One point to note is that MLC is not banned in Namibia. It is the Bank of Namibia and Not the Ministry of Trade that concluded that MLC is a Business trading but not in line with the banking law of the country. i would like to add more on that but …

    This is the same countly that have concluded that direct marketing is another type of a pyramid scheme. Companies like AMWAY, TIANCHI, BETWAY, HERBAL LIFE, and many others are illegal schemes in Namibia. should I also tell you that Facebook, and Whatsapp were regarded as ponzi or illegal schemes during their early years of introduction in the country.

    Bank to MLC:
    Is it a good scheme? I think so
    Is it sustainable? No ( most businesses are not sustainable)
    Will I join? Yes
    Is the risks higher then gambling? No?

    Reply
    1. Scam Detector Post author

      Hi Penda,

      You stated your case admirably and I deeply appreciate your opinion.

      I wish you much success and hope your investment in MLC pans out for you.

      All the best Penda! 🙂 .

      Regards,

      Philip.

      P.S. – I just wish you would not ignore the warning that my article is pointing – ‘sigh’ – good luck.

      Reply
  17. Calvin

    I am not a Law person, but one thing I am abit against is that, the year the Act of 1997 of the Bank regulation was amended in Namibia, those years there was no online schemes as we find them today just popping up on our PC screens as an advert – please don’t get me wrong, Namibia was having access to internet.

    So when the Lawmakers we amending that law they had no idea of any online making schemes— maybe there was in other developed countries, but since Namibia is falling under developing countries, don’t think they had any clue of any online scheme such as MLC247—

    I quote from BoN (Bank of Namibia) media release in The Namibian Newspaper, the Act of 1997 which was written 2 (two) decades ago (2 years ago), the BoN used that Act to say that MLC247 is a online business, how, if there was no online schemes back then. I think the Lawmakers must update their Laws in the Constitution, because technology and life itself is on advancement— so we can’t keep using an Act of 1908 or Act of 1705 or Act of 1997… our children and children’s children will be growing up in a new era, not like for us. #UpdateTheConstitutionToNewLaws

    Reply
    1. Scam Detector Post author

      Hi Calvin,

      Ponzi Schemes have been illegal for quite some time now and it is also known as a Cash Gifting Scheme. Both illegal due to the many instances of fraud. I refer you to look up Bernie Maddoff who defrauded 65 billion dollars from his investers = this is how dangerous these schemes can be. He ran it since the 70’s and got caught, I think 08, when he rang out of new investers to pay older investors.

      Regarding the laws in Namibia, I can not speak of such things, however, great research and I am sure many will be able to relate to your research.

      Regards,

      Philip.

      Reply
  18. Calvin

    According to my understanding, the money that is paid when one’s dream matured is not only coming from the NEW Sign ups (according to what you said), but example after my matured dream and payment, I myself can re-invest so that others whose dreams already matured can be paid from my re-investment.

    This thing works like a community STOKVEL. means example, if we 5 guys, (John, Peter, James, Hans and me) decides to form a monthly contribution group and decide to contribute N$500 each this month and next month N$600 , that sums up to N$5500 (from each guys). And anyone from that group has to pay his children’s school fees then we all decide each to get N$500 (sums up N$2500 from all). Example the school-fees is N$250 per year, we all decide we pay N$250 and re-invest in our STOKVEL group the remaining balance. That way, the group will remain afloat and will not be classified as a pyramid scheme.

    There are many other money making groups in Namibia but is not working online, but rather offline, example gambling which is classified under Namibian law as illegal, but still it continues. I request, if someone is in this MLC247, let him/her be. After all its their money, if they loss, if they loss (but don’t think they can, because if my dream matured and I get paid, then I will most def re-invest so that others who joins or whose dreams matured can be allocated to be paid from my re-investment… its all about risk, so let them be…

    Reply
    1. Scam Detector Post author

      Hi Calvin,

      Thank you very much on your review of MLC247. Per further research, Kazembire Zemburuka, who is BoN’s deputy director, said that MLC breaking banking laws. Mr Zeburuka further states it is illegal in Namibia and the world over because of the model they use for their business.

      If MLC members truly believe he is mistaken I recommend a huge petition be put in to him to reconscider his words.

      Thank you again.

      Regards,

      Philip.

      Reply
      1. Calvin

        Well said bro…. by the way from which country are you from, if not the country but the continent—

        and there was a online pyramid scheme, known as, Success University (S.U) in Namibia few years ago, same as MLC247 whereby only those ontop of the pyramid benefited and those at the bottom did not due to collapsing of the the pyramid and was banned from Namibia. But the difference between S.U and MLC247 is that, although both operate online but S.U recruits and MLC247 invites. S.U benefits from the new recruits only while MLC247 benefits from both the new and those who are already in the system. S.U didn’t show you how much you have so far, while MLC247 shows you how much you have so far and how much your target is. S.U didn’t have a chat team- you only communicated through those who recruited you, but MLC247 is having a chat team online where you can post your problem or enquire upon anything (ready to assist).

        And yes, in Namibia as far as I learnt what is going, richer is becoming more richer and poorer becomes more poorer due to corruption. That is why BoN and government of Namibia (GRN) want to enslave us (low class income community) with poverty.

        There is a Ministry in Namibia known as Poverty Eradication Ministry. Instead of giving someone a start-up capital to start his/her business you give him.her and the household food stuff (box of can fish, 5 sunflower oil and 3 Maize Meal 10kg’s). Imagine in a country where the GDP is not covering the whole population- you can’t compare Namibia with her closest neighbouring country South Africa or furthest country America or UK.

        What I mean with the above mentioned is that, Mr. Olsen Larsen is the MLC247 as you said it in your previous comments and he was born and raised in Cape Town, South Africa (SA), according to sources. From there he moved to Norway.

        While there, he realised by looking back to his country of origin (SA) and thought to come up with this MLC247 to help eradicate poverty by making those who are only eating dry pap (porridge) and/with milk to start feasting on rice/macaroni/spaghetti and meat atleast or help those who where riding/walking to work to buy a car to get them quickly from point A-B.
        Or help those who live in shacks (ghettos) which is built from flammable and burnable materials like wood and hardboard to start to live in a brick house.

        Or help those who wants to get married but cannot afford to pay lobola (bride’s price) or other wedding expenses.

        In Namibia, there are corrupted leaders and the President is doing in his power to remove them— imagine a construction tender is allocated to a guy who is already living above the rich of the riches level. By this above mentioned points is that, MLC247 I think is to bring that gap between the rich and poor to vanished. and to make a better living to those who can’t afford to live better off. I know I said alot but hope there is no controversy of what you said and what I said— you made a point and I made mine. #LetsMakeAbetterLiving #InThisWorld

        Reply
        1. Calvin

          POINT OF CORRECTION: Mr. Olsen Larsen is the MLC247 owner as you said it in your previous comments and he doesn’t from this…

          Reply
          1. Calvin

            POINT OF CORRECTION: Mr. Olsen Larsen is the MLC247 owner as you said it in your previous comments and he doesn’t BENEFIT from this…

          2. Scam Detector Post author

            Hi Calvin,

            I am approving this cos it’ll just keep showing up as unanswered – no worries and no hassle.

            Regards,

            Philip.

        2. Scam Detector Post author

          Hi Calvin,

          No matter how pure the goal of Mr Olsen, it is the business model that is its primary weakness. I understand you are saying MLC was set up from an altruistic viewpoint, however, the scale of economics of the MLC will let down a lot of people, no matter how noble the intention.

          There is great injustices almost everywhere in this world but it does not excuse, per one comment in this forum, not everyone is getting paid.

          I mas from Ireland where you need an umbrella even on a sunny day 🙂 !

          Regards,

          Philip.

          Reply
          1. Calvin

            Maybe Mr. Olsen Larsen does make money by investing and re-investing in the system. Because since he is the owner, but does not benefit solely or benefits himself— those who are getting paid through the MLC247 is not even his close relatives or friends or people only from Norway, means if it was a family business scheme or only operated from one side of the world, there I would decline to join and put a red flag on it, but in this scenario its strangers who are benefiting from MLC247 and different people from different walk of life and countries/continents….

          2. Scam Detector Post author

            Hi Calvin,

            I feel your last comment to be quite redundant as MLC operates online thus implying it will benefit (remains to be proven)/defraud. Olsen of course is earning money as well or why else would it be woth his while. We all need to make money and I would never begrudge anyone that right.

            Regards,

            Philip.

  19. John

    Hi, I am a Namibia and I must say MLC247 is not illegal in Namibia as you are claiming. Unless if you can prove that Namibians are been prosecuted for being part of MLC247. BoN only issued advise to us cos they believe MLC247 is breaking their regulations.

    Namibia has not passed a law on MLC247. Nevertheless, I admire the way you are promoting your product on the expenses of MLC247. Nice marketing..

    Reply
    1. Scam Detector Post author

      Hi John,

      Lets just say I am wrong. Lets just say I got it all wrong. Fair enough?

      Ponzi Schemes and Pyramid Schemes are illegal the world over. Ergo = MLC IS ILLEGAL!

      Take a leaf out of Avinash’s book and learn to communicate in a manner that is polite and not detracting from the truth. I am not here to advise as a psychologist but as a writer – a talent I never knew I had till I started to write. I respect your opinion. Please respect mine.

      Regards,

      Philip.

      Reply
      1. Calvin

        I think he was polite and straight to the point—- and yes BoN (Bank of Namibia) just warn Namibians and it wrote by saying it is a potential, let me repeat my typing, potential pyramid scheme, which means in my little knowledge that it could be one of these schemes that leaves people in the dark or NOT…. either way… and he was really polite….

        Reply
        1. Scam Detector Post author

          Hi Calvin,

          Thank you again for your comment and helping to bring on more light to MLC247. It is illegal due to its business model. Thank you once again for stating your point in a polite way – we will all come to a better understanding with good communication.

          Regards,

          Philip.

          Reply
  20. Avinash

    Dear MLC247 loyal members, Phase 2 of the project is to work on Delays/Backlog of matured and withdrawn dreams. 

    Here is some useful information as a reminder, MLC247 is created as a Peer to Peer donations allocation system, meaning there is no central account or bank account keeping members monies. Members are the part owners of MLC247, thus it is of vital importance that we all protect MLC247 and continue being positive at all costs. Positivity is vital as we all have our monies at stake in the community. Reminder again that during system enhancement some members who are keepers decided to use monies allocated to them to pay members who’s dreams were matured and that caused massive delays in allocations and payments of matured dreams, and led the technical team to blacklist some of them.

    MLC247 system technical team have therefore decided to initiate a plan to eliminate delays and clear backlogs of matured dreams and the plan is as follows;

    The initiation is called 7 DAYS GAP ALLOWANCE meaning all current dreams which haven’t matured will be manually rescheduled to delay by 7 days allowing the backlogged dreams to be allocated alone within the grace period “gap allowance”. This means if the gap allowance for example is initiated today and your dream matures tomorrow, then your dream mature date will change and be rescheduled for maturity in next 7 days. Remember the effect will take place on everyones dreams that hasn’t matured yet, meaning all dreams in “Processing” status will be affected. This plan is a temporal initiative to allow all members to be satisfied and create a healthier environment and community and allow all matured and withdrawn dreams to be fully allocated. The gap allowance will only be initiated at least 1 – 3 times a month, that’s if the technical team need to initiate it at that moment when ONLY there are delays and backlogs.

    Remember this is only a temporal measure to ensure security of all orders and dreams on MLC247 and once this matter has been resolved and all delays up to date then normal functionality of the system will be implemented. Another important reminder to all members is that we need to work together as MLC247 members in ensuring that no negativity takes place, because as a result such affects the entire MLC247 community. 

    We are pleased to inform you that the system is now stable and is able to cater huge numbers and allowing members to login without any issues or faults thereof. Once again please be reminded that MLC247 existence depends on its members. We need to implement the same energy we applied at the initial launch stage of MLC247. All recruiting sponsors need to gear up again and start recruiting. All presentation hosts need to gear up again and hold as many presentations as possible and this again we repeat, MLC247 is here to stay and to change our lives forever. 

    Many believe such peer to peer networks are meant to fail, but as MLC247 we are here to prove that wrong. United we stand, divided we fall, therefore we ask every loyal member who has a lot to gain in this project to stand with the working technical, marketing and support team and let’s work together, because from where we stand we ask, where else can we get such an opportunity to dream and in reality achieve those funds to make those dreams a reality, in such a short time period? Nowhere else, this is our MLC247 which changes all our lives, so lets stand tall and allow others the opportunity to also change theirs. Most people dream of making such growth and in most cases only can reach that in 10 – 20 years or more, whereas MLC247 only ask of us to be patient and delay our dreams by mere weeks if not months. 

     
    A dream delayed is not a dream denied. Remember to SHARE SHARE SHARE……….

    #TimeForAChange #MyLifeChange247 #MLCRocks #MLC2018

    Your’s in partnership 
    Mr Olsen Larsen

    Reply
    1. Scam Detector Post author

      Hi Avinash – Mr Olsen Larsen,

      I really appreciate your positive message. One of the main issues with members was of their tone in this forum. I don’t mind disagreements but the rudeness was bad.

      I am happy you have come here to rally the troops and give out a positive speech and I sincerely hope many will follow suit.

      Thank you again for stopping by.

      Regards,

      Philip.

      Reply
  21. Avinash

    Dear MLC247 loyal members, Phase 2 of the project is to work on Delays/Backlog of matured and withdrawn dreams. 

    Here is some useful information as a reminder, MLC247 is created as a Peer to Peer donations allocation system, meaning there is no central account or bank account keeping members monies. Members are the part owners of MLC247, thus it is of vital importance that we all protect MLC247 and continue being positive at all costs. Positivity is vital as we all have our monies at stake in the community. Reminder again that during system enhancement some members who are keepers decided to use monies allocated to them to pay members who’s dreams were matured and that caused massive delays in allocations and payments of matured dreams, and led the technical team to blacklist some of them.

    MLC247 system technical team have therefore decided to initiate a plan to eliminate delays and clear backlogs of matured dreams and the plan is as follows;

    The initiation is called 7 DAYS GAP ALLOWANCE meaning all current dreams which haven’t matured will be manually rescheduled to delay by 7 days allowing the backlogged dreams to be allocated alone within the grace period “gap allowance”. This means if the gap allowance for example is initiated today and your dream matures tomorrow, then your dream mature date will change and be rescheduled for maturity in next 7 days. Remember the effect will take place on everyones dreams that hasn’t matured yet, meaning all dreams in “Processing” status will be affected. This plan is a temporal initiative to allow all members to be satisfied and create a healthier environment and community and allow all matured and withdrawn dreams to be fully allocated. The gap allowance will only be initiated at least 1 – 3 times a month, that’s if the technical team need to initiate it at that moment when ONLY there are delays and backlogs.

    Remember this is only a temporal measure to ensure security of all orders and dreams on MLC247 and once this matter has been resolved and all delays up to date then normal functionality of the system will be implemented. Another important reminder to all members is that we need to work together as MLC247 members in ensuring that no negativity takes place, because as a result such affects the entire MLC247 community. 

    We are pleased to inform you that the system is now stable and is able to cater huge numbers and allowing members to login without any issues or faults thereof. Once again please be reminded that MLC247 existence depends on its members. We need to implement the same energy we applied at the initial launch stage of MLC247. All recruiting sponsors need to gear up again and start recruiting. All presentation hosts need to gear up again and hold as many presentations as possible and this again we repeat, MLC247 is here to stay and to change our lives forever. 

    Many believe such peer to peer networks are meant to fail, but as MLC247 we are here to prove that wrong. United we stand, divided we fall, therefore we ask every loyal member who has a lot to gain in this project to stand with the working technical, marketing and support team and let’s work together, because from where we stand we ask, where else can we get such an opportunity to dream and in reality achieve those funds to make those dreams a reality, in such a short time period? Nowhere else, this is our MLC247 which changes all our lives, so lets stand tall and allow others the opportunity to also change theirs. Most people dream of making such growth and in most cases only can reach that in 10 – 20 years or more, whereas MLC247 only ask of us to be patient and delay our dreams by mere weeks if not months. 

     
    A dream delayed is not a dream denied. Remember to SHARE SHARE SHARE……….

    #TimeForAChange #MyLifeChange247 #MLCRocks #MLC2018

    Your’s in partnership 
    Mr Olsen Larsen
      

     

    Reply
      1. Avinash

        Hi Philip,
        Sorry for posting it twice. I didn’t notice that the first one went through because my battery power went off while I was to post it.

        Thanks

        Avinash

        Reply
        1. Scam Detector Post author

          Hi Avinash,

          Thank you kindly for stating your case in a manner befitting a gentleman. No apology needed.

          Regards,

          Philip.

          Reply
      1. Scam Detector Post author

        Hi Eldries,

        Now, that is the Million Dollar Question!

        I joined up to their Secret Facebook Group and was able to get their new URL as they thought I was a legit member – lol.

        I wrote about them. Then, a gentleman in the comments section tipped on the other sites they have set up. See links below of all MLC247 Founder Scam Sites Below:-

        http://scamdetector.siterubix.com/what-is-mymlc247-com-a-call-to-all-mlc-members
        http://scamdetector.siterubix.com/what-is-great-minds-247-is-great-minds-247-a-scam-or-legit
        http://scamdetector.siterubix.com/what-is-rich-minds-network-is-rich-minds-network-a-scam

        I did reviews on those three sites above. The first one explains in great and exact detail what is going on. Basically, the Founder ran out of New Sign Ups to con because of my site and sites like mine. Two Days after the BoN warning they set up MYMLC247! Exposure was too great and they ran off with their members monies! I suggest you leave your experience on anyone of those posts to help warn others. I further suggest you join up to those sites and hound them for your cast if you invested.

        I sincerely hope I have answer your question Eldries and remember – I can show you a proper way to make money online without getting ripped off.

        Just ask…

        Regards,

        Philip.

        Reply
  22. Avinash

    Hi Philip

    I would like to be in touch with Duane. Could you please link me to him/her.

    Thanks

    Avinash Dale

    Reply
    1. Scam Detector Post author

      Hi Adinash,

      You can comment on anyone of Duane’s comments below. He submitted an email, I think, but I deleted it as he’d only get spammed to the hilt if left it there. After you comment there he will get a notification of your communication.

      Regards,

      Philip.

      Reply
  23. Ho'yo'doin'

    Hi all,

    It is clear from the start that Philim isn’t here to listen and hear from others but to say bad about MLC247 with the hope that they will buy into his program.

    Reading through all the comments above says it all.

    Ho’yo’doin’ Philip

    Reply
    1. Scam Detector Post author

      Hi Ho,

      Why would I approve your comments if was not listening. You are just trying to be disparaging. I suggest your look up and find out what Affiliate Marketing is – hence – what I promote.

      All the best Ho,

      Philip.

      Reply
  24. Eugene

    Hi Mr. Scam Detector,
    I want to register my utter disappointment at the lie that MLC247 said by saying a certain Mr. Olsen Larsen from Norway is the Director.i’ve done my research,there’s no such person.and the address 1072 Blindern,Oslo is not his address…there’s a university on that adress.when i invested i knew i was risking but never thought the owners were just ghosts.my dream of R5,000 should mature on 25 January 2018 and my wife’s is the same amount maturing on 9th February 2018.i just pray that my money comes back & i invest elsewhere.it’s true people are getting their returns but the sad part is that people are not reinvesting therefore killing such a once beautiful thing.i just hope mlc247 crosses 2017 to 2018.already a majority are not getting their returns.it brings fear.so tell me besides your programme what are other credible investment portfolios.

    Reply
    1. Scam Detector Post author

      Hi Eugene,

      I found the name within WHOIS – forgive me now if it is somehow wrong name. However, it was the only name I could find, be happy if someone knows the right person.

      Some are getting paid but it is NEWS to me that the ‘MAJORITY’ of MLC247 MEMBERS ARE NOT GETTING PAID – but not surprising. If you know other people who are not getting paid please tell them to register their disappointment for others to know.

      So Wealthy Affiliate is what I promote that helps others build a site and learn to monetize it. It does take time, learning work and great commitment!

      SFI seems to have a good online reputation, however, I have read they have upsales after sign up. You might want to give them ago. If you go to my Good Online Jobs menu there might be something that may grab your interest.

      I really hope you get returns on your investment as it is horrible to get scammed! I wish you much luck in this regard.

      Wishing you the very best,

      Philip.

      Reply
    2. Asino

      Hi Eugene

      Will you please keep me updated on your MLC247 journey? Let me know whether or not your “dream” gets paid out. I would leave my email address, but spam!

      Reply
      1. Scam Detector Post author

        Hi Asino,

        You are wise not to leave your email as scammers will use that to spam you – good choice not to.

        Good question there and thanks for popping by. Take care Asino,

        Regards,

        Philip.

        Reply
      2. Eugene

        No mlc247. It has disappeared with our money. From Ghana to South Africa, Namibia and Swaziland it’s all sorrow and bitterness as mlc247 failed to make it to 2018. The website went off the network at 12am on 01/01/2018 much to the disappointment of many.

        Reply
        1. Scam Detector Post author

          Hi Eugene,

          I am so sorry. I hope you did not lose much Eugene if you invested with them. It is horrible. Reports and user complaints of MLC247 are coming in fast and hard via my social media accounts and this post of them shutting down and running away with all the money.

          I had no idea their reach was that BIG!!!!!!!! I feel so sad for all those people. I can show you a better way, but perhaps, you may need time to heal from such a betrayal. You have my utmost sympathy for such a disappointing start to 2018 Eugene!!

          Regards,

          Philip.

          Reply
  25. Tabs

    It matters not if Mlc247 is a scam people are getting paid.We know that most online platforms fail the test of time as some point resulting to some members losing their money. We joined Mlc247 knowingly of all the risks involved. Maybe if you were not trying to promote your platform we were gonna take you serious.

    Reply
  26. Duane

    Hi Philip

    Wow, I didn’t think it would turn out like this. You may not post this public if you wish to keep this message private, it will be my last update on your forum since you’re being upset by it.

    What are the odds of you chatting with a different person, I used the email address you gave me. Like I said, I can forward you the email of me and Claudia’s conversation.

    If she stated “it kept failing and still waiting for her dream to come true” she either did not know how it worked then or expected to get a return immediately. In her reply to my email it looks like she knows how it works now… “My dream has not yet matured. I invested for six months.”

    Again, you do not have your facts straight saying I have been a MLC member from day one since engaging this forum. I do however know of 2 persons who had already joined MLC since engaging this forum. I was/am skeptical of MLC thus digged into doing some research and landed on your forum before I joined MLC. I joined MLC just for testing purposes anyway. If it fails, than so be it. Losing R200 is not that much. If it works I will continue using MLC. I thought we both were on the same page to point out to people whether MLC works or stealing peoples money, I guess not.

    Me speaking strong about MLC does not mean I don’t know what I am talking about, like I said I am also just trying it… for now. The same goes for how bad you speak about them with so many misleading information, as I and others have pointed out.

    I don’t see where I was ill-mannered on your forum. Not one insult to anyone. You just cant seem to reason any other way because your mind is already set about MLC. I respect that this is your forum so you can make people see MLC the way you want them to see it.

    I’m aware that I have not given you any proof of MLC helping people. Like I said before. I too am also still seeking for proof.

    I never called you a liar. I pinned exactly where I saw your facts/info were off, you did ask to correct you if you were wrong (Seems you don’t want to be wrong about anything), it happens, get over it.

    My apologies if you found any of my messages offensive or as insults, you may have misunderstood them.

    Like I said, this is your forum and I respect that. This will be my last post to your forum seeing that I upset you, however I will still continue reading on other peoples posts. I haven’t found any other forum with as much info as I did on yours regarding MLC.

    You have my email address if you would like to follow up on my progress with MLC.

    BTW, all info I gave since day one was a 100% truthful. I do not work for, neither promote MLC.

    Regards

    Reply
    1. Scam Detector Post author

      Hi Duane,

      Fair enough. YOu have a way that ‘implies’ without directly saying.

      Thank you for your comment and yes I am annoyed as MLC’ers have been extremely rude to me and I AM NOT tolerating anymore.

      Regards,

      Philip.

      Reply
    2. Avinash

      Hi Duane,

      I would like to be in touch with you to hear more of your finding on MLC.

      Avinash

      Reply
    3. Naomi

      Duane

      Thank you for being like The Namibian ‘Telling like it is. I also do not see where you went wrong or insulted Phillip, but truth be told and let people make their decisions to either join or not join mlc based on facts and not opinions. From what you have pointed to Phillip on the many facts he got wrong it would actually be honorable to recall or rewrite the whole piece.

      Tainting mlc wont make WA shine brighter, so do the right thing Phillip and give people facts and not your biased opinions as facts.

      Reply
  27. Avinash

    Hi Scam Detector, Philip

    I went through your article and the discussions that followed. You had indicated that you have an issue with the terminology “compounded” used on the MLC website and according to you “‘Compounded Growth’ is referring to Compound Annual Growth Rate. So the terminology is not right to begin with.”

    Checking on google Wikipedia shows that that terminology can be used for daily, weekly, monthly, quarterly or annually (yearly); the period denoted “t” in the compounded interest formula.

    Bellow are the definitions as per Google:

    Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. Compound interest is standard in finance and economics.

    The compounding frequency is the number of times per year (or other unit of time) the accumulated interest is paid out, or capitalized (credited to the account), on a regular basis. The frequency could be yearly, half-yearly, quarterly, monthly, weekly, daily, or continuously (or not at all, until maturity).

    What does it mean compounded annually?

    One very important exponential equation is the compound-interest formula: … If interest is compounded yearly, then n = 1; if semi-annually, then n = 2; quarterly, then n = 4; monthly, then n = 12; weekly, then n = 52; daily, then n = 365; and so forth, regardless of the number of years involved.

    What does it mean compounded quarterly?

    Now we’ll look at what happens when interest is compounded (1) annually, (2) semiannually, (3) quarterly, and (4) monthly. The tables below show the number of periods (n) and the related interest rate (i) for four different compounding assumptions.

    What does it mean compounded daily?

    If you deposit B dollars for y years at an interest rate of r compounded n times per year, then your ending balance is. (1 + r/n)(y n) times B dollars. Example. Suppose you deposit $1000 in a bank which pays 5% interest compounded daily, meaning 365 times per year.Oct 30, 2012.

    And the last person you interacted with tried to correct you in saying that the fee been paid is not a joining fee but an investment of any amount and you responded by saying “Semantics and splitting and splitting hairs on wording is futile and time wasting.”

    Meaning you also wasted not only your time but that of your audience in trying to define what compounded interest is, which unfortunately according to Wikipedia, you couldn’t get right.

    You also mentioned the use of a fake name by the last person you interacted with. I noticed that you are also using the name “Scam Detector”.

    Allow me to post more as I go through the discussion again.

    Thank you

    Avinash Dale

    Reply
    1. Scam Detector Post author

      Hi Avinash,

      Thank you so much for explaining what is Compounded Growth Rate. Thank you very much and I enjoyed learning more about that.

      ‘Scam Detector’ is branding. That is all. You know my actual name is really Philip :-).

      Great job on your research and I am happy you explained it better than me – much appreciated! Credit due where credit is due.

      MLC247 is still a scam though. Sorry, but, it really is.

      All the best Avinash.

      Regards,

      Philip.

      Reply
  28. Ho'yo'doin'

    Hi,

    How one would like to see the “nosense” in my input as you are alleging above. You painted MLC with your colours of choice and I did paint the same with my colours based on my understanding. All in all, it wasn’t my intention to hate your feelings or look disrespectful to you or your audience. Please accept my apologies.

    Cheers

    Ho’yo’doin’

    Reply
  29. Ho'yo'doin'

    Hi Philip,

    The reader of your article will appreciate your interpretation of that portion of the ACT. Showing them how MLC breaches that portion of the ACT and why those breaching the same aren’t arrested.

    On me “pretending to know” as you have put it, let the readers of this communication judge for themselves. I can offer the link to the ACT if you allow me so that your audience can read for themse and make conclusion on the whole matter.

    Sorry that my input is touching a soft spot in you which I never saw in all your responses till now.

    Cheers

    Reply
    1. Scam Detector Post author

      Hi Ho,

      No links allowed. The acts are there. ‘Soft spot’ – yup – I have limited patience for nonsense! Prove your point, which you can’t because even News Channels have reported on MLC247. This article is getting close to 15oo visitors a week and I am sure, representatives of MLC like yourselves, have certainly revealed a very nasty side in their comments. A side I choose to no longer tolerate as it is an attempt to obfuscate and deflect from the truth.

      No links are required – I am competent enough to find one if I wanted to and so are other people online. No one needs your help finding links.

      Regards,

      Philip.

      Reply
  30. Ho'yo'doin'

    Hi again Philip

    I didn’t get a thing from your last response. I guess you didn’t take time to respond in such a way that I should understand you. Thank you for taking time to respond to my input though.

    The question to answer then is: how do you complete your investigation and making a conclusion when you can’t confirm facts such as what people have been receiving and what Bank of Namibia had said. If MLC is banned as you clajm, why is the practice openly done and everywhere on social media with no arrests. The Banking Act is available online please familiarize yourself with what it says and tell us how MLC contravenes it.

    Anywhere, Ho’yo’doin’ is the name I use on both the MLC website and social media. Those who are part of it know me by that name. The really name is as provided to you on the email address. There is nothing to hide.

    Cheers for now.

    Reply
    1. Scam Detector Post author

      Hi Ho,

      You comment was well read!

      Your condension is not welcomed here!

      BoN (Bank Of Namibia) analyzed MLC247 and found that it breaches certain section of the Banking Institution Act. The Acts breached are Section 5(1)(B) and Section 55A.

      Seems like you pretend to know what you are talking about but alas you do not. BoN decided that MLC247 will bring on losses of public funds.

      You have a problem with that you may take it up with BoN and the relevant authorities. I hope I have educated you enough today.

      Regards,

      Philip.

      Reply
  31. Ho'yo'doin'

    Hi Philip.

    I am a member of MLC 247 and could provide my bank statement showing my earnings if need be. You will understand MLC if you understand 2 things.
    1. What a stokvel is and how it works.
    2. That people (community) always have money on them or among themselves.

    * A stokvel is a system where people put what they have, on the table (crowd funding). This has been taking place in black communities for long and still happening.

    * A good reason why big shops opening in large communities tend to do well.

    That been said, the only time MLC could go down is when the community (not an individual) decide to stop doing crowd funding (investing or dreaming) or the MLC system (website) which manages who funds who stops or crushes. You will agree with me that there is more chance of the 2nd one happening than the 1st.

    There no joining fee in this system as alleged by you and Duane but rather an investment an individual chooses for a given period if his choice. The minimum been R200 for a month. The new and the old members get the same benefits of been paid when they want to be paid, anything between a month and 6 months.

    I’m in Namibia and for your information, MLC is not banned as alleged but rather the public were warned that they might loose money if they get involved in this scheme (scam).

    There is no law in Namibia denying people from doing crowd funding. We do that at our work places and when people have huge events such as functions or weddings.

    There have been delays in paying out what is due to members for end of November and beginning of December and members where informed of this well in advance. Those complaining of not been paid mostly are new members who are not yet well informed or old members who are not familiarizing themselves with the updates on the website and social media.

    I hope this clarifies the matter and hope to hear from you and Duane.

    Cheers

    Ho’yo’doin’

    Reply
    1. Scam Detector Post author

      Hi Ho,

      Thanks for popping by. Love the fake name by the way.

      Yes, MLC IS BANNED! Due to its illegal business model it did not pass the regulations in Namibia.

      Also, I am happy to see you understand what a Ponzi Scheme – a business that pays older members from new sign ups- when you say it can’t fail unless there is no more joining it. That is the problem HO! Every PONZI SCAM RUNS OUT OF PEOPLE! What happens then? What happens to all the people who joined and now will get nothing for their R200!?

      So this scam is a ‘cultural’ thing then? You are still not making sense – I don’t care where you are from, MLC operates solely online! There is more than just people from that part of the world that is being affected and scammed.

      Regards,

      Philip.

      Reply
      1. Elizebeth

        Hi There,

        In South Africa stokvels are legal BUT they have to abide by the laws and there is not a single legal stokvel that can guarantee 75% returns on investments. With a stokvel you only get what you paid in – including a bit of interest. What happens is that the stokvel money gets invested in a BANK account and because the money comes from multiple people, this account gets a better interest rate than if you’re just investing your own money in an account. It’s more a case of crowd saving than crowd funding. Also the chances of losing money with a legal stokvel is very low and not like these pyramid/ponzi schemes at all.

        Reply
        1. Scam Detector Post author

          Hi Elizebeth,

          Thank you so much for the clarification on stokvels. I have learned much from similar comments but yours definitely was the best in regarding your explanation. For those that do not already know what stokvels are I know your comment will bring much clarity.

          Thank you once again for stopping by and for your comment – very much appreciated.

          Regards,

          Philip.

          Reply
  32. Ho’yodoin’

    Hi Philip,

    I have proof of payments I received and willing to share it if need be. Not sure if somebody clarified that the invested money (not a joining fee as you and Duan call it) doesn’t go to MLC’s account but to an individual whose investment had matured or a person assigned to temporarily keep the money for those whose investment will mature anytime.

    Reply
    1. Scam Detector Post author

      If you pay (call it what you will) in’action’ – IT IS A JOIN UP FEE! Semantics and splitting and splitting hairs on wording is futile and time wasting.

      Yup, you are welcome and I AM HAPPY TO FINALLY SEE SOMEONE FROM MLC willing to show and share positively their succcess! So, how do I and everyone else knows if it is faked or not? I am just asking as I do not know how to forge such a thing.

        Reply
    2. Spano

      Hi, Scam Detector
      Thanks for warnings against MLC247. I have two issues to discuss here, first one is that you promote your business while warning us clouding you noble idea. The second one is people will lost R200.00 or ZAR200.00 in the process that’s all. Invest 200.00 and after 6 months you lost 200.00 or get paid out 5700.00 and start to invest with that return until big collapse you are mentioning.

      Reply
      1. Scam Detector Post author

        Hi Spano,

        Thanks for popping by. My #1 RECOMMENDATION is to show others how to make a real way to make money online that won’t collapse or scam them. Another great thing about Wealthy Affiliate is that they ARE NOT OUTLAWED anywhere.

        Google Wealthy Affiliate and you will find pages of excellent reviews recommending them.

        Google MLC247 and you will find complaints and negative reviews! Big Difference no? No one is being ‘noble’ and your feeble attempt to demean my offer is just to distract from the illegal nature of MLC247. Never heard of advertising within articles?

        Anyways, the more members that come here and be rude as they like the more I distrust MLC247! Worse thing is, NONE OF YOU, have provided any proof of payments of successes. One person has asked for help within this forum regarding MLC and he was ignored. Have a look down for your self.

        I wish you well for when they do crash – you will be sorry.

        All best of luck!

        Regards,

        Philip.

        Reply
    3. dan jerry

      i want to share my testimony of how i become rich and famous today… i was deeply strangled up by poverty and i had no body to help me, and also i search for help from different corners but to no avail… i see people around me getting rich but to me i was so ashamed of my self so i met a man on my way he was very rich and he was a doctor so he told me something and i think over it though out the day so the next day i looked up and i keep repeating what he said to me. ” if you want to get rich quick and be famous” you need to cross your heart and do what is in your mind so i tried all i could in other for me to do as he said so later on i told my fellow friend about this same thing then my friend was interested in my suggestions so i decided to look in the internet and i found their number so we decided to contact them and unfortunately we did as they instruct us to do and later they told us to get some requirements and all the rest… so this initiation took us just a week and later on the great fraternity gave us $1,200,000 to start up our lives…. and now am testifying that if in any case you want to join any great fraternity all you need to do is for you to contact them because they are legitimate and they do as what they instructed them to do, (links, email and phone number deleted by Admin!)!

      Reply
      1. Scam Detector Post author

        Hi Dan,

        Thank you for your comment. However, what you are promoting has nothing to do with my this article.

        But, since you took the time to comment on my article I decided to approve it anyways. I had to delete your contact details as it would only leave you open to spam and the like. I do not allow links in comments and personal data within comments – hope you understand Dan.

        Regards,

        Philip.

        Reply
    4. MLC Rock

      Hi Scam detector

      Good day MLC247 Members ( I salute you)
      My opinion!!

      Just like Bank of Namibia, SDetector did not do his homework first on MLC and on Namibia before he decided to name MLC247 a scam
      The news in Namibia he is referring to of October 2017 is old news,( We passed that already). saying that MLC 247 is a scam and pyramid bla bla blah because of what the bank said is old news and misleading news.
      1. The bank sent out a media release to all media houses in Namibia TVs, Radios, Newspapers etc.
      2. The notice that looks like it is typed by two people or by a high school student or seems like it was done in a hurry shows already that it was not proffesional. I hope you can get the original to check yourself
      3. The Notice which says things like it is a scam and people will be arrested bla bla bla and then it ends that BON is cautioning etc etc.
      4. I hope you also know and noted that the same day members of MLC 247 confronted the bank to tell them what they are doing wrong and the bank responded that they are just cautioning the people…
      5. BON retracted most of what they said in the media in one of the TV media the next day. But of course, the damage was already done and like you and many people who are still stuck in October 2017 missed the correction and or the retractions because “someone said its a SCAM”.

      6. Now because of your comments you had our country insulted or mislabeled by those who do not know many countries in this world and we are now labeled that we are small and undeveloped. Far from the truth else we would nt be respondig to this if we were dont you think. Our population has nothing to do with our development….
      before you know it someone will paint Namibia a small undeveloped country just because it was said on an insecure Scam detector site.
      7. As for MLC247, being a pyramid, and your Tier 1 concept, We are equal we get the same return when you register today next month, last month or 6 months ago.
      Of course, the risk is high, Risk is everywhere even banks closes, government fails, and people die,
      but whatever you invest in if it is working for you that its all good

      All these MLM with great products that people refers to are all pyramid bythe way, because its in those when the top guns and the newcomers enjoys the benefits of travelling, incentives and high payout ( you can name them all), while the downliners will keep selling and buying and selling and only enjoy the products but not the benefits
      While MLC, you enjoy 75% to the power of the months you put in 1-6 of your investment wehter you register last month or 6 moths ago.
      If i am not wrong, I did not hear you commenting on Bitcoins that MLC uses as payments and how fraud is that, is int it peer yo peer on its own. If you have i must have missed it when i was reading

      Please let us be and find other real schemes there. they are plenty

      Reply
      1. Scam Detector Post author

        Hi MLC ROCK,

        First off thank you for your review, as above, of MLC 247, and my honest take on it.

        Secondly, if you feel Namibia has been insulted you should seek out the authorities and the banks and take it up with them.

        Thirdly, its one thing to disagree but then to attack personal ‘traits’ (as you see it) of an article, well, that is most narcissistic in nature- seems like – if someone does not agree with you, well, you get angry and tyrannical.

        The rest of your insults are just noise.

        However, you spoke of something useful! Where is this correction? Making statements is not proof. Leave a link to the correction from the people you speak of – banks and authorities.

        If I was ‘insecure’ lol I would not approve your comment. Actually, I welcome your comments in the future, just wish, members of MLC will start leaving some ‘PROOF’ to your statements. I am not here to be ‘right’ – I am here to warn people.

        All the best!

        Regards,

        Philip.

        Reply
    5. Jude

      Hi Scam detector,
      I like the way you do respond to people comment ( mature and polite),
      But I don’t think the idea of destroying MLC marketing by promoting Wealthy Affiliate is a good technique,
      I am (degreed) professional software engineer almost 6 years of experience ( not bragging just to let you know that I am geek/tech person and I have also a National Diploma in Financial Accounting) Simply means I understand the financial risk, the online fraud risk and you name it… but still I do Invest in MLC and I have made money for the past 8 months like never before. So let’s people risk their money and get rewarded or lose. as one of the guys said up in this article… “THERE IS NO SUCH THING LIKE RISK_FREE INVESTMENT”. talking for myself even if MLC242 collapse today I have made enough to cover what I have invested.
      Maybe you should create a dream for yourself and use that money to open up multiple Wealth Affiliate account… just kidding.
      Thanks

      Reply
      1. Scam Detector Post author

        Hi Jude,

        Happy to hear about your educational successes for sure – and don’t worry – I never see that as bragging! You are simply stating the truth which is something I can strongly relate to.

        In revealing online scams I simply show others a way that won’t scam them, as when you own your own website, you can not scam one’s self! However, as with everyone, you are entitled to your own perspective and this is what I like about this forum – everyone gets unedited comment approval (barring links), to help others have a deeper understanding of what is mlc247. Furthermore, it is not necessary for anyone to agree with me promoting WA when revealing the truth on another website. I provide a Free Online Scam Detecting Service that has saved 1000s from losing money online, while, show people a way to be successful online. I would appreciate if you could answer a question left by VV below as well if you have time – given your credentials with MLC? It was asked of Duane but I don’t see an answer just yet, however, it is fairly recent to be fair.

        I am always happy to hear people being successful online and I am glad you are saying you are being so with MLC247.

        HAHA, I am happy where I am as being my own boss is where the action is at for me without worry of my investments disappearing over night. Thank you for the suggestion though.

        Thanks again for popping by and I am delighted to have received your comment. Stay well and keep us updated on your stated success.

        Regards,

        Philip.

        Reply
    6. Duane

      Hi Phillip

      Sorry for the confusion about the currency. ZAR200 and R200 is exactly the same thing. (ZAR – South African Rand, R – Rand)

      Can you point out to me where the question is? I also don’t know where to check for the lady’s email address.

      I’ll surely send proof of payments as I get them. FYI, I haven’t actually seen anyone with real proof of receiving any money. All people post are screenshots of MLC website showing they have received money, but that’s not proof to me.

      PS. My account started with R200 –> R247.91 –> R257.49. But the money is not in my bank account yet. Will keep you posted.

      Thanks

      Reply
          1. Scam Detector Post author

            Hi Duane,

            PayPal screen shots maybe? I hear they can be doctored as well.

            Its a tough one. I MAY do some research.

            Thanks again for your suggestion.

            Regards,

            Philip.

            Reply
        1. Duane

          Hi Philip

          I contacted Claudia, awaiting feedback.

          BTW, account is now from R200 to R286.24 since registration.

          Will keep updating

          Regards

          Reply
            1. Duane

              Hi Philip

              The lady you spoke of, who supposedly had invested 3 times without getting anything in return from MLC replied to my mail.

              >
              Hi Claudia.

              I got your email address off scam detectors website. I understand you have invested but haven’t received any money back yet? I would like to know more please.

              Hi!
              My dream has not yet matured. I invested for six months. You want to know more about mlc247?
              <

              I can forward you the email if you believe it is doctored.
              Either you and her had a misunderstanding or you were misinformed. Anyway, the info you gave us of her is incorrect, once again.

              For now, I will wait and see if anything is paid to me when my dream matures.

              Regards

            2. Scam Detector Post author

              Hmm, I must of been chatting to someone else then with the same problem. Not to worry – mistakes happen. Nice your being so aggressive about it, never mind, that is MLC’ers for you – don’t know how to raise a question without being rude about it.

              So Claudia clearly states she has invested but it kept failing and still waiting for her dream to come true. She thanked me as well for ‘liberating’ her from MLC as well now that she knows it is a scam! AND YOU ARE! YOU – DUANE – have been a member from day one OF talking to me!

              You think I did not know? No one unbiased could speak so passive aggressive at times at a feeble ruse to win trust. Lol, please, I was not born yesterday and I am well use to your type of nonsense online.

              If you can’t have manners when on this forum your comments will no longer be approved.

              I am no longer interested in your so called ‘proofs’ as you are full of words and wasting my time, and frankly speaking, I have not the time to be wasting on a settled issue. MLC IS A SCAM AND YOU HAVE DONE NOTHING TO CONVINCE ME OR OTHERS TO THE CONTRARY!

              Regards,

              Philip.

              P.S. Remember now, be polite! If i got something wrong I will admit to it. There is etiquette to conversations that I will gladly teach you for free – if you wish. Clearly, I got my numbers wrong with another disgruntled MLC’er – it happens. Ultimately, you basically just tried to call me a liar – I will have to think long and hard if I will even bother with you anymore for your LATENT insults!

    7. HAFENI

      Now this Philip guy wants us to leave MLC To go to his investment? is yours not a scam? promote your product the right way boss and don’t down grade others investments it shows how low you are.. don’t bad mouth MLC. MLC HAVE HELPED ALOT OF PEOPLE WHAT DID YOUR INVESTMENT DO FOR PEOPLE? NATHING… AND AS FOR BON THOSE PEOPLE ARE AFRAID COS EVERY ONE IS BECOMING A MILLIONAIRE AND THEY WILL NOT HAVE CONTROL OVER PEOPLE FINANCIAL STATUS ANYMORE.. SO PEOPLE DONT LISTEN TO THIS STUPID GUY WHO CALL HIM SELF A DETECTOR OF SCAMES HE HIM SELF IS A SCAME.. FOKON DROLL..

      Reply
      1. Scam Detector Post author

        Hi Hafeni,

        WOW! Thank you kindly for your comment!

        I see that you are passionate about MLC indeed. You may wish to read reviews of Wealthy Affiliate , separate to mine, and you will see many many many positive reviews. OK, ultimately WA is not a scam lol. Saying things without proof is not ‘proof’ – but of course you are welcome to disagree.

        Secondly, if I was a ‘troll’, why do you see my name and picture? Why would I eve approve your comment so everyone could see you accusing WA and me of being fake? Your statements hold no water. Time is a great story teller and I am sure you will learn what is meant for you to learn from this experience with MLC.

        Regards,

        Philip.

        Reply
    8. Duane

      Hi Phillip

      Great story going on here.

      I am from Namibia and have not heard about MLC being banned here (do you mind sharing some info where you got this from?), the banks have however warned the public against MLC but did also not sound very convincing. They do loose on interest if loans are being paid off faster than the agreed repayment term, thus might explain them wanting to keep the public away from MLC.

      I do understand your point that new members might not benefit as tier ones, but I’m sure they’re aware of the risk they’re taking as is with any other investment opportunity, as is with Wealthy Affiliate.

      The lady you’re referring to, why invest 3 times when you have not received anything at the time of the first investment? Makes no sense. I did see on MLC’s facebook page that returns will be taking longer now (it used to be 72hours) due to large volume of members joining. Anyway, they have a great support system which I am sure will be able to assist.

      I don’t think your article is 100% correct. MLC is not a scam, it is however high risk, high reward. I suggest you re-check into MLC.

      Thank you.

      Reply
      1. Scam Detector Post author

        Hi Duane,

        Thank you for your comment. If only it was just a ‘story’. Here is the Google Alert I got on the day I wrote this article https:// www. newera. com. na /2017/10/19/ mylife- change- 247- scheme- is- illegal-guilty -of -breaking -banking -laws/ and I verified with many different sources. However, I am not going to list them all as I have put in enough work into this article for its purposes of warning people.

        Should you wish to know more you are welcome to do your own research as there is even more information available online.

        It is not uncommon not to know everything that goes on in your own country. I know I don’t know everything that goes on in Ireland – who has time for that?

        You misunderstand, whether on purpose or not, Tier One Members will usually do very well. Please re-read my article properly as I explained it well enough first time round.

        MLC is a Ponzi, Pyramid and Gift Donation Scheme, so your desperate attempt to compare it to Wealthy Affiliate is bogus!

        The lady that invested 3 times? Yes, I was wondering the same thing myself. Perhaps if I gave you her name you could look into it for me to help her out?

        No, sorry, it is a scam. I have already proven it. If I am missing details please add them here. This is why I welcome comments to correct me. Making ‘statements’ without proof are just statements. Please back up your statements with proof please for others to take you seriously – thank you.

        Regards,

        Philip.

        Reply
        1. Duane

          Hi Philip

          Why get offensive?

          I read through the article in the link, thanks. The law they write about, Section 5 (1) (b) and 55A of the Banking Institutions Act, 1998 (Act No.2 of 1998) refers to companies that accepts deposits from members of the public, and furthermore pays it to other members – this is from the article. Well, this is not the case with MLC. As you may know, they work in the form of peer to peer, in other words from one member directly to another member. Which makes your source unreliable.

          I have not compared Wealthy Affiliate with MLC, but rather just stated that with every investment there is a risk, please re-read if you misunderstood me.

          I wont mind contacting the lady, perhaps by now she has received her share, who knows?

          PS. I’m not here to be against your research. I am also doing some research regarding MLC, thus I landed on your forum. But I would have to disagree to some of your research and statements. Maybe just agree to disagree.

          Thanks.

          Reply
          1. Scam Detector Post author

            Hi Duane,

            I am happy you are doing great research in MLC247! The more we know about this group the better people are to decide for themselves. That was the first article I found and so I did not dig enough to the more technical aspects, so I want to thank you for that, and I believe it adds great value to know. I believe the lady that wrote that article was running on limited data that was around at the time, so, I think we can forgive her for that and myself. Thank you for the additional data :)!

            Oh, I am sorry, I was answering your question around 6 am and completely picked you up wrong! Opss, my sincere apologies and I hope you accept it as such. I guess we can all mis-perceive at times :).

            So look, It would be great if you can pick out what you think is wrong with my research. I can view it and where it is valid I would like to feature it in my article? This way we can work together to have a better understanding for two reasons:-

            1). To have a an even better perspective for the MLC247.
            2). To further inform people with even more information.

            So, one last thing, it is a Cash Gifting Scheme. Such schemes are widely regarded as scams. It is a Ponzi Scheme as well – See Bernie Maddoff as Histories best/worst example of the damage such schemes can do to people.

            Those two points can not be disputed and are true and very accurate.

            Thank you again Duane and I am looking forward to further engaging and learning more :).

            Regarding Wealthy Affiliate – if you do not put in the effort then success can not be yours. Working hard, learning and time are the keys for being so. MLC is a ‘gamble’. It might pay off and it might not. There is no gambling with WA as it is all down to your own efforts.

            The lady that invested 3 times without success, per her mail address, is Claudia Haikela. I felt very sorry for her and it would be great if you could see if she got paid and have her confirm it (if possible).

            Regards,

            Philip.

            Reply
            1. Duane

              Hi Phillip

              Looks like we’re on the same page.

              I would like to contact Claudia Haikela but it seems you did not send the email address correctly (Only her name and surname is being displayed).

              Regarding your article, I think calling MLC a scam is a bit harsh. I am sure people are receiving money as promised by MLC. Or maybe I do not have the correct understanding or view of what a scam is.

              The point where you mention that the business is illegal in Namibia is also not 100% correct, the banks however do not approve of this kind of business for obvious reasons.

              The website you gave of them, also not correct, it is https: // www. mylife change 247 .com/.

              The sign up fee you gave, also not correct. Minimum fee is ZAR200 (USD 14.53 using current exchange rates).

              I also have not found any digital product they sell but I have however noticed that they sell promotional MLC247 products like caps, tshirts and gazebo’s on their website. I’m sure they do have more products than above-mentioned.

              You mentioned their website is not legitimate, it is legit. I have signed up, just to test it but will get on that later.

              I also don’t get why the returns are so high. 75% Is a lot which no other financial institution would ever offer. Not even close.

              I also agree that it is very risky because new funds come mostly from new sign ups, one will never know when sign ups will drop or even end. But they do not hide this fact from the potential members. They have a document on their website with all this information.

              I also don’t have a clue how they are paying salaries to the folks working for MLC, perhaps they have an even higher interest rate on their investment. Who knows?

              I’ve contacted their live support and those guys are quick to help. I was uncertain of some data on the dashboard and he sorted it out.

              As I’ve mentioned, I have created an account, which is free, but than you are prompted to send your sign up fee (which you also choose the amount by yourself) to another member and you get 72hours to do the transfer, if you fail to send the money within the given time your account will be blacklisted. You may choose how long you want the money to mature, 1 – 6 months. The initial ZAR200 I signed up with has already grown to ZAR247.91 within 6days. It shows all stats on the user dashboard page on their website. I will keep you posted as things progress.

              Thanks

            2. Scam Detector Post author

              Hi Duane,

              Good to hear from you. Thank for the correct address, I have changed it to the correct one. The lady left her email on my Wealthy Affiliate Review. I actually did not notice it before and I should remove it as I don’t her getting spammed. I will leave it there till you have it. Let me know when you do. Thanks.

              Yes, of course, people are getting paid. I never disputed that. But, there are people who are not getting paid as well. That is the problem.

              I went to the Home Page of MLC and it is still saying R200. If they have lowered their fee they should change that on the sign up page or am I missing something?

              Nice caps, t-shirts and the Gazebo’s are nice as well. I never noticed that in their tool section before. They look pretty trendy.

              There are too many sources online that confirm it’s illegal business model. This has been covered extensively.

              OH! I don’t know how I got the conversion rate wrong. Thanks for the correction on that. Great to set that straight for sure.

              OK, so it seems your experience thus far is being a positive one and I hope it continues. Thanks for popping by again and I hope you do well.

              Hope to hear from you soon.

              Regards,

              Philip.

              P.S. You may have noticed you received a question on this forum.

              P.P.S. I made a few changes to this article, thanks to you, and now it is more accurate. I have including, under scam rating, ‘AWAITING PAYMENT PROOFS’. It would be only fair if/when you get paid to provide such proofs here and, should you know many, be encouraged to leave proofs of such here also. This is one of the best ways to be fair to MLC. Thanks again Duane.

      2. VV

        MLC why the don’t close down as I speak members who have matured dreams and withdrawn are not paid some tracking back from the 15 November 2017 up to today 4 November 2017. They do not respond on support e-mail as well as facebook. Please tell me is that legit?

        Reply
        1. Scam Detector Post author

          I’d like to know that as well Congo. Are you able to take screen shots of as many of such instances, as, it is best to be able to prove. All the best.

          Reply
        2. Duane

          I have contacted them via live chat on their website and they were pretty quick to respond positively, but we are also seeking answers. Will keep you posting as things progress.

          Reply
    9. akandi

      Scam detector or whatever you call yourself.

      I guess you got what you wanted from the people.

      Learn to concentrate on marketing your product. Not to make statements that will promote your opponent.

      Reply
      1. Scam Detector Post author

        HI Akandi,

        Thank you very much for leaving me a comment on What Is MLC247. I do appreciate the time it took to do so.

        Scam Detector is my ‘branding’ online. Philip is what you can call me if you prefer.

        I have been conned for time and some money in the past with online opportunities that just lied to me. I decided to go into exposing online scams to save other people from experiencing the same thing.

        The product I promote is not illegal nor is it banned anywhere. Furthermore, it is not a combination of two illegal business models as well.

        If exposing MLC for what it is, is, promoting them – then – you do have a different way of looking at things. I give the truth and people can decide for themselves.

        Thanks again akandi and I hope to hear from you soon.

        Regards,

        Philip.

        Reply
    10. Tebu

      Nonsense i will risk forever if it cost u nothing why bother?Mlc foreard we go everything is illegal so back off and let us do our thing…Mlc changed my life so stop spreading lies Mr and focus on ur family!

      Reply
      1. Scam Detector Post author

        Hi Tebu,

        Thank you very much for stopping by and leaving a comment on what is mlc247.

        I can not agree with you when you say what I have written is lies. You may wish, if you truly wanted to know the truth even more, is to do a Google Search and you will find many media exposing MLC! I am not the only one exposing them. Everything I have said is verifiable and legit.

        Of course it costs me nothing, however, it has already cost people money whom never got a penny back per investment. I already know one lady online who invested THREE TIMES got and nothing happened for herself. Do you think that is fair or do you not even care? Or did she do something wrong like not follow correct instructions? I’d be interested to know so to be fair to MLC. Thank you.

        Lastly, I am glad you have done well from MLC!! The first load of people into a scheme like my life change.com will normally do very well. It is the people, as the numbers grow on the broader downward scale, that will get financially stung.

        I wish you much success and thank you again for stopping by and adding to this hot topic!

        Regards,

        Philip.

        Reply
    11. Billionaire

      Hi

      MLC is just a website that connects people like facebook. It is not a bank where people keep their money. So telling people to take their money and run for the hills doesnt make sense.

      The money is always with the people so there is no fear of losing it. everyone who is in MLC has invested some amount of money which they wish to see returned at 75% compounded interest, so logically speaking, there is no reason for anyone to leave expect if they no longer wish to receive money – which is highly unlikely.

      The only way people will lose is if the website shuts down because people will no longer be able to connect and share money. I think more websites like MLC should be started. This will totally destroy banks cos we wont need them anymore. In fact all we need is BITCOIN – forget banks. We are tired of being enslaved by banks.

      I love the way you right by the way, very mature and respectful – thanks for that.

      Reply
      1. Scam Detector Post author

        Hi Billionaire (Peter),

        Thank you kindly for popping by to leave your review on What Is MLC247! I do appreciate an insiders view of this illegal online operation.

        MLC is nothing like Facebook and I am sure Mark Suckerberg would take some offense to the comparison.

        I have read everything you said but you have FAILED to consider one thing. Please ask yourself this – WHERE – IS – ALL -THE -MONEY -COMING – FROM?? Where is the money coming from to pay back 75% per investment.

        New Sign Ups! Now ask yourself what will happen when the amount of OLDER MEMBERS OUT WEIGHTS NEW SIGN UPS? Surely, at this critical juncture, there is simply not enough money to pay everyone! This side of things is knows as a Ponzi Scheme – which is illegal.

        Operations like MLC247 are also known as Cash Gifting Donation Schemes – another aspect of MLC247 that is considered illegal!

        You say the only way to lose is if the site shuts down or people leave. I do know one lady, as I have repeatedly said in this forum, that invested THREE TIMES, just to receive nothing in return! That is harsh and how would you explain such a situation as this Peter? Why did this lady, who invested so many times, receive NOTHING?

        Your last line made me laugh. Thank you for thant. I guess it was ‘mature’ enough to engage ‘you’, so, I guess we have equal levels of ‘maturity’. I do believe, as well, that I was not out to attack members of MLC but to warn them and potential new sign ups, so, I don’t really understand that part of your comment. I simply wish to expose, just like most of the net is doing, the truth on my life change 247. That is all.

        Thank you again Peter (Billionaire) for stopping by and leaving your opinion and experience. I wish you well and much success online.

        All the best!

        Philip.

        P.S. I deleted the link you left! Many moderators would have not even approved your comment when they see links. I just removed it as it is spamming and I don’t approve comments with links in them. I hope you understand. All the best.

        Reply
        1. Jonas

          Don’t you understand???? MLC doesn’t provide the money. IT’S A PEER to PEER thing. MLC connects me with people and my peer sends me the money. Thats all that MLC does!!! DUDE DO YOUR RESEARCH PROPERLY!

          Reply
    12. penda

      I have 50000-00 dollars and i am investing it for 6 months tomorrow in MLC 247 tomorrow. I am in Namibia. Government cant do nothing to me. After all no investment is risk free. this risk is even higher due to higher returns. Risk it to get the biscuit! its all or nothing! we are tired of the banks! they are number 1 scams. scam is everywhere!

      Reply
      1. Scam Detector Post author

        Hi Penda,

        Thank you kindly for your comment regarding What is MCLC47.

        First off, I am happy for you. If what you are telling is the truth then why not just stop. You are apart of an illegal online operation and one day someone else will, actually many people, will earn nothing and lose a lot of cash.

        I know of at least one lady that invested 3 times and received nothing. It happens and it is happening to other members at MLC247.

        You say it is all or nothing. Just make sure you walk away with ‘something’. Again, I am happy for you, just run now while the going is good for you.

        Regards,

        Philip.

        Reply
    13. Joylisses

      Yeah , I enjoyed reading the comments more than the article, Ishi the Article is misreading . Mr Detector I am advising you to go check and read the website of MLC247 proper before you tell the nation rubbish. Secondly ,this thing of saying it’s banned in Namibia , there is a difference between burning and warning, please consult your sources again. By the way why only members of Wealth Affiliates are the one that doing reviews in each and every product? Is this the only lessons that you learning at WA or is it’s the only niche which generates more revenue for you by fabricating stories? You can take this as your strength as well hei. I just wanna know because I don’t see the legitimacy of WA as you will be paying $49 per month for just learning that you can find it free on Youtube and other platforms. Please this people are also just here to promote their product which they fit for them and have pros and cons. My advice to all whenever you want to invest on something be it class learning or any product don’t invest too much money but rather test it first with little. Just like Wealth Affiliate whereby first month you pay $19 and next months you pay $49 just for video lessons and community opinions and that you still have nothing on your hands/bank. MyLifeChange 247 little invest $16 depend on current currency exchange and you will get your money back with 75% interest.

      Reply
      1. Scam Detector Post author

        Hi Joylisses,

        Firstly, your first line made me laugh. It was cheeky but I found it humorous. So, thank you for opening with a good joke.

        I will address the ‘burning’ part of your comment first. All details were researched from different sources to verify my points. Since I am not a member, in my article I welcomed comments, to learn even more.

        MCL247 uses TWO forms of illegal business models to operate online. They do not have an actual product or digital service for exchange of money. This is a sign of a pyramid scheme.

        Ponzi scheme is just as bad. Let us consider Bernie Maddoff who ‘Made Off’ with 65 BILLION dollars from investors running a Ponzi Scheme since the 70’s. Prime example why Ponzi schemes are so dangerous.

        SO, burning. If the truth is too ‘hot’ to handle then I suggest you consider you reconsider being a member on MLC247! Just be careful. I already gave reasons as to why in my article.

        I did try YouTube, other blogs etc to learn how to be successful online and they turned out to be ‘gurus’ trying to cheat me out of money. So, I gave up on that line of research. WA members write in their areas of passion and interests and I cannot say no more than that as that is each members choice. The training simply shows one how to be successful and get free traffic to convert to sales for commissions.

        The training at Wealthy Affiliate equates to $$$$$$$$$$$$$$$$$s in training that I could not have afforded otherwise for just Pennies a day. Of course, you are welcome to think what you like. You may wish to read my Wealthy Affiliate Review that gives you a complete break down of what you get as a Free Member and a Premium Member.

        If WA members were in the business of fabricating stories then we’d all get sued and WA would be shut down. YOU must be careful as that is libel in itself. If I write a post and give it a wrong rating, then later find out I was wrong, I retract it straight away. This is not the case with MLC!

        I wish you well and hope you don’t get ripped off when the whole thing collapses.

        Regards,

        Philip.

        Reply
    14. Punny

      Hi people

      Where is Namibia? In Africa i guess! Those are countries with a very small population of people and very far from development. Namibia is not even known by many, soo them banning MLC in their country only means selfishness and don’t want people to be independent on their own but to depend on them. Soo We have countries like South Africa that is already developed yet they did not bann MLC and you telling us about Namibia? Please chill and let us make money while we can.

      Reply
      1. Scam Detector Post author

        Hi Punny,

        I appreciate what you are saying, it is just a shame, you had to put down an entire country to do so!

        I am in favor of people making money online and I wish you well in your goals, I really do.

        However, I of cases of people who invested in MLC247, waited, and nothing happened. Some invested 2/3 times and no dreams materialized.

        This is bad form.

        HAHA, I am chilled! This is not a personal attack on anyone but an article that simply warns others of the dangers of such schemes.

        I wish you luck, and if you have made money so far, take it and run before the whole collapses = as these kinds of schemes always do!

        Regards,

        Philip.

        Reply
        1. eddie

          thanks for the warning…. yeah maybe running would be the option but then again, whats reinvested is not out of my pocket the money that should have gone from me has been returned 3 or 4 times so now I am sitting back and earning. Also not keeping anybodys cash and really growing nicely.

          Reply
          1. Scam Detector Post author

            Hi eddie,

            You are welcome for the warning and thank you kindly for your comment.

            I am happy you have got returns so many times and I do wish you well going forward. As you may know, do not reinvest what you can not lose, and if you do this you should be OK – for now.

            MLC247 will collapse and they will run with money from people who have not earned anything. I know of one lady, in particular, who invested about 3 times for her dream to come true and received nothing. So, looks like not everyone is as fortunate as you eddie.

            I will wish luck is always on your side and I wish you the very best eddie!

            Regards,

            Philip.

            Reply
    15. Eric

      Hi guys
      Whatever the vedict on this scheme, the fact is life is all about risking in order to make or lose money.
      So Let those who can do so. after all show me one person who is clean in this world.

      Reply
    16. Bucs532

      he means they are paying their loans faster than the banks would want, banks too are a pyramid scheme. And yes if you go to the calculator on MLC site you will see that you can receive payment in one month. six months is maximum waiting period.
      What is Namibia anyway in the scheme of things?

      Reply
      1. Scam Detector Post author

        Hi Bucs532,

        I guess Namibia is important enough to have the Internet on Fire with the news MLC247 is illegal and not to be invested with!

        To attempt to demean the source of this information does not help to make your own point and tells me you have run out of valid things to say about MLC247!

        However, I do wish you luck and I do thank you kindly for the time it took to make those comments on What Is MCL 247 – MUCH APPRECIATED.

        Good luck and all the best!

        Philip.

        Reply
    17. Bucs532

      he means they are paying their loans faster than the banks would want, banks too are a pyramid scheme. And yes if you go to the calculator on MLC site you will see that you can receive payment in one month. six months is maximum waiting period.

      Reply
      1. Scam Detector Post author

        Hi Bucs532,

        Yes one other said the same thing about waiting period.

        I wish they had made that much clearer on their site. However, that is good to know as a point of correction.

        Either way, it is an illegal online enterprise and will hurt a lot of people online in time.

        Good luck and thanks for popping by again!

        Regards,

        Philip.

        Reply
          1. Scam Detector Post author

            Hi Kaannie,

            I looked into them for you. If you are refering to virtualbank(dot)net then their site appears to no longer online. WHOIS details are OK but owner name is HIDDEN. Email looks a bit funny as well, though, not sure if it is real or not.

            Scamadvior(dot)com gives them a ‘Trust Score’ of 83% out of 1001. They also say that virtualbank’s real location is being hidden. These are not good signs – not good at all! I can’t say if they are a scam but I personally would not risk it at the moment.

            OK, with a little more research I have found out they are from South Africa and is South Africa’s FIRST ONLINE banking system that does not have any real life banks. They have been online since 2005 and requre 10,000 for a CD account 500 for a checking account! Seems very high, however, the interestes are high but I have read those rates lower quite quickly.

            On a positive note, I have not come across any negative reviews or complaints as such. Furthermore, I would be careful and do more research before going with them. I, personally, would not sign up as the minimum amount to join is stupendously high. Of course, it is up to you.

            Hope this helps as there is a remarkable lack of data on them online.

            Regards,

            Philip.

            Reply
    18. ngwali

      what I see here there is program is advertised. but what I want to say is noting will last forever I personal got paid from my life change and I am keeping reinvest .
      so get the way back to advertise your program.

      Reply
      1. Scam Detector Post author

        Hi nwali,

        Yes, people who get into a Pyramid Scheme early are called Tier One. Tier One’s always get paid until it collapses.

        If you are going to reinvest in an illegal enterprse online then, I suppose the only thing I can say to you, is only reinvest ‘some’ of your earnings so you don’t lose too much when they program betrays you and runs off!

        Take care and be careful!

        Regards,

        Philip.

        Reply
    19. Jane

      Hi Philip
      Point of correction you don’t have to wait 6 months to get a payout on MLC, you can get a payout in one month. About your view of “earning money at the cost of other people “a lot of successful industry earn money the same way. i.e cigarettes, alcohol etc. Like you said the article is written for the masses but misleading the masses is also no right

      Reply
      1. Scam Detector Post author

        Hi Jane,

        Thank you so kindly for leaving my article a comment and a correction. However, on MLC’s site, I am positive, that was the time scale. But, if that has been your experience, then, that is much better and I am glad it is working out for your.

        Your point is valid – to a point!

        Yes, alcohol and cigarettes is at the cost of other people, but, other people get a physical and real product they want to buy.

        With MLC, being a Pyramid Scheme, many will NOT receive benefits for their work, for reasons I detailed in my post.

        If you joined early, You Are Tier One. Tier One always makes money. As the Pyramid Scales Downwards and branches out, sign ups will slow and taper off completely. This will leave many with no benefit.

        I agree with you that misleading people is not right. If something is wrong with my post I strongly suggest you contact the Authorities in Namibia, South Africa, and tell them to change their minds. The only reason I shed light on MLC is because they got outlawed in Namibia. After investigating it I can see why they did so.

        But, its ok we do not agree on everything, and I believe you have added value to the discussion to help people make up their own minds.

        Thank you again Jane and I wish you all the success online going forward.

        Regards,

        Philip.

        Reply
    20. melania florian

      i do not completely disagree with you but, I think with MLC 247, people are wiling to take a risk to get ride of financial obligations, even if it does collapse one day, well its part of life.
      As for the banks let them go to hell,poor become poorer everyday and the rich gets richer, bank s has no interest for us except for us to get into debt for them to get interest..

      melania

      Reply
      1. Scam Detector Post author

        Hi melania,

        Thank you very much for your comment regarding MLC 247!

        Yeah, I do not deal with the banks as much as possible. I can’t stand to even be in one with what they did to the people of Ireland. They were warned two years before the collapse to take actin and burn the Bond Holders. The man that was Prime Minister at the time and decided to ‘saddle’ the good people of Ireland with a debt that will last 1/2 generations!! Treason, total treason.

        I seen that ‘Prime Minister’ of Ireland in my local Pub once and in a hotel another time. You want to SEE the looks he got and the ‘heckles’ he got as well. It is amazing he was not attacked – only recently has the Irish Government deciding to talk about the criminality and probably take legal action against the banks. Far too late. I could go on about these crooked banks.

        I understand people are willing to take a risk. However, if-when they earn money, it will be at the COST of other people. Personally, that is just bad Karma! It is bad practice to make money from others knowing there is a high risk they will make none. I guess it is all down to what people are ‘comfortable’ with.

        Thank you kindly again melania for adding to this discussion and the time it took to make it.

        Regards,

        Philip.

        Reply
    21. Josh

      You have no idea how MLC247 works… this is rubbish you telling people here..you are promoting your own product wealthy affiliate. We’re getting paid everyday..its fine if the product is not sustainable. We are happy with it..we are willing to take the risks. The bank of Namibia don’t want MLC247 cos we’re paying off our loans and the banks are losing out on interests..

      Reply
      1. Scam Detector Post author

        Hi Josh,

        I want to thank you kindly for taking the time to respond.

        It is perfectly fine that you don’t agree with me as I do respect and value everyones opinion.

        You said you don’t care if it is not a sustainable?

        I am happy that ‘you’ are making money, but, this article was written for the many that won’t!

        Please consider taking your earnings Josh and make a run for the hills!! Because when this MLC247 SINKS – it will take you down with them!

        Yes, while warning others I also show people a sustainable way to make a living online, with Wealthy Affiliate.

        Among many other benefits of being with Wealthy Affiliate I like how it is NOT OUTLAWED anywhere!

        To help me understand MLC better Josh, how are you getting paid “everyday”, when it takes six months for your investment to “mature”? I don’t propose to know everything about MLC247 and I would like for you to further enlighten the situation on this. Thank you kindly.

        Do not even talk to me about the banks as we all know how crooked they are – however – it is the authorities that took that decision to make MCL illegal. I understand the banks won’t touch mylifechange247 FOR being a pyramid scheme. In my opinion, the banks are the biggest Pyrmid Scheme on the Planet! Least we agree on something.

        I am happy you are and have made some money, because when that happens, ones loyalties do become set for that opportunity. I do understand why you are defending it and I commend you for it. But, I do not agree with you at all.

        Respectfully,

        Philip.

        P.S.

        It is good to see one of MLC247’s member’s openly admit it is not ‘sustainable’and involves ‘risk’. Wealthy Affiliate is the opposite. Hence, why I recommend it. Thanks for confirming what I already knew about MLC247! Good luck!

        P.S.S.

        The banks do not like MLC because of paying off loans? That makes no sense afraid Josh. If you were ‘not’ paying off your loans then the banks would not get their money back, never mind, the interest. ?.

        Reply
      2. Buhle

        i have joined mlc247 knowing very well that iam risking.i have never taken such a big risk in my life.after finding out that there is no Mr. Olsen Larsen from Norway.there’s no such person.and the address they mention there 1072 Blindern, Oslo is not his said residence.i challenge everyone to google it.it’s a paying fake scam that will survive if the members reinvest.

        Reply
        1. Scam Detector Post author

          Hi Josh,

          The name I found was on WHOIS. I’d like to know the real name if anyone knows. Thanks for warning others of MLC!

          Regards,

          Philip.

          Reply
    22. Sakhile Mpofu

      Hie may l please get more info about wealthy affiliates programme.

      Reply
      1. Scam Detector Post author

        Hi Sakhilempofu,

        First off, I would to take this opportunity to thank you for stopping by and taking the time to comment.

        Wealthy Affiliate has been running successfully online since 2005 and the Founders are Kyle and Carson. Kyle and Carson opens up the whole Affiliate Marketing World to anyone that is serious about learning how to make a living online.

        This is done by learning how to me your own website, choosing a niche, adding content, getting free traffic, monetizing your site and finally making a profit in commissions.

        There are too many training resources to try to list them all here so I will leave you a few links and you can which ever one that you like.

        For more information regarding Wealthy Affiliate then click on my review about it:- Wealthy Affiliate – Learn to Earn for Life!

        To get started with your Ten Free Videos in Website Creation and Affiliate Marketing then click here:- Entrepreneurs Certification Course.

        If you just want your Two Free Websites – Yours for Life – then please click here:- Two Free Websites.

        If you want to go straight into Wealthy Affiliate to have a look around and get started sooner then please click here:-
        Free Lifetime Membership Account – NO Credit Card Details Required for a Starter Account.

        I sincerely hope I have supplied enough information and links to help answer your question Sakhilempofu. If you need further assistance please do not hesitate to ask me.

        All the best and hope to work with you soon.

        Regards,

        Philip.

        Reply
        1. Wilhelm

          I joined wealthy affiliate in September and you guys have bin none stop emails tellin me to first pay 19 US$ before I become a premium member. Now here u are telling people that WA is free. and the funny part is if u are nt a premium member than you as good as not registered because you can’t post anything. So please just tell us something new. WA is a scam too. Else proof me wrong.

          Reply
          1. Scam Detector Post author

            Hi Wilhelm,

            Thank you for your comment. I will try to address a few of your concerns about Wealthy Affiliate.

            First, you can login into your WA account, please scroll down to the bottom of the page. Far left please click ACCOUNT SETTINGS. Scroll down to the bottom of the page again and please select yes or no to the question “DO YOU WANT TO RECEIVE MAIL?” Or you can also click on ‘EDIT’ to decide which mails you would like to receive.

            WA Free! No, I meant it is FREE to sign up to, which it is, for a free lifetime starter membership account that comes with two free websites. However, I re-read that line and I can see how it can be taken up the wrong way – my fault! I have added to it to avoid such confusion in the future and I want to thank you for pointing that out, Much appreciated Wilhelm.

            Can’t Post when not registered!? No that is not true. I was a free member for about six weeks and I was able to post daily. I went Premium as the training was able to help me land page 1 as my earlier posts were not doing very well in terms of rankings etc.

            WA is not a scam Wilhelm. It has been online since 2005 and has many, thousands probably, of positive reviews online. It is $19 for the first month and $49 thereafter.

            WA teaches you how to build a website for pennies a day. Whether you make money with your training is all dependent on your dedication to your website and how well you follow the training.

            If you need a much more detailed overview of WA you are welcome to read my review into Wealthy Affiliate -Learn to Earn for Life!

            Wealthy Affiliate does not promises riches overnight! It does require work and dedication, but in time, you will learn to build a monster of a website that gets free traffic and comments daily!

            Please ask me if you have any more questions Wilhelm, I hope I have addressed your concerns so far. Don’t forget, you can turn off your email notifications from WA if that’s what you want to do.

            I know when someone first starts at WA it can be very overlwhelming given all the tools and training availalble. If you do not already know you can get started here – ten free ten videos in Affiliate Marketing – https://my.wealthyaffiliate.com/training/online-entrepreneur-certification-getting-started-level-1/getting-rolling

            Regards,

            Philip.

            Reply
        2. billy

          hi, please expose lottery as well cos i don’t see any difference compared to these pyramid schemes.

          Reply
          1. Scam Detector Post author

            Hi Billy,

            Yes, the lottery really is a scam! However, since they have legalized it and are very happy to take money out of peoples desperation, I can not slam it or I will or may get sued.

            However, it is a scam – kind of.

            You have more chance of being hit by a rock from outer space than winning the lottery.

            Personally, I was never a fan of giving people false hope for money – that is just cruel.

            Thanks again for your comment billy and hope to hear from you sometime soon.

            All the best for now,

            Philip.

            Reply
    23. Diana

      Well congratulations on apparently figuring this whole thing out. Genius. Also, I’m glad you worked out and cracked your head trying to figure out how MLC247 works but unfortunately this is pretty legit. I have made money from it and unfortunately for you…with MLC247 people are able to just sit back and get rich. Its that simple!

      Reply
      1. Scam Detector Post author

        Hi Diana,

        I wrote this post because Nimibia outlawed this program as a scam. I am sorry if you offended, I really am. I said in this article that some will make money, but if you follow the logic of the program details you are a part of, the program will collapse. I do wish you well and I am happy you made some money – I really am.

        As this program attracts more people, sooner or later, it will collapse as they will run out of money. Take the money and RUN! TRUST ME Diana, A country would not out law a program like this without good reason.

        With respect to you and much success to you also.

        Thank you kindly for you comment.

        Regards,

        Philip.

        P.S. My head is better now, thank you for your concern.

        Reply
      2. ngwali

        Never run with money that is the trap from scam detector coz if you run you will make the program to collapse. you just keep reinvest as long as you get it back let them say it is scam while we eat money and we drink dream

        Reply
        1. Scam Detector Post author

          Hi ngwali,

          All I can say is, your advice, is very bad advice and would only ensure profits for you for a while and luring others to lose. If anyone has any confusion on what a Pyramid Scheme is then please just click on those linked words. It explains it in detail.

          Thanks again for your comment ngwali, and it is OK in my book that we do not agree, as all views deserve a platform to be expressed.

          All the ngwali!

          Regards,

          Philip.

          Reply
    24. SB

      I completely agree, with this Article. You cannot call a return on an investment and investment by another investor. Soon, The base of the demand at the bottom of the pyramid would out way the money supply. Since a factor of 75% must be added to each investment to justify the promised return. Simple Math, if 100 people sign up each paying $100 expecting 75%, $75. The platform would owe everyone $1750. To make up for that they need others to sign up again same promise. Lets assume that each person brings in two recruits each investing $100. Now, the platform owes 300 users. $5250. Lets say they, pay the previous users $1750. They still owe the users $3500. And since the 75% capital burden creates a larger debt with every user. There is no point regardless of how many times you calculate that the platform will ever have more cash supply then the demand for interest. Its mathematically impossible! Hence why all pyramid schemes fail! The demand becomes way to high!

      Reply
      1. Scam Detector Post author

        Hi SB,

        First off, I would like to thank you very for taking the time to comment on my article – thank you – as I appreciate all comments!

        Yes, you are absolutely right, that is why all pyramids fail! If anyone was still in doubt after reading my research, your words would certainly clear it up. I believe you explained far better than myself, and for that, I really am appreciative as even I understand it better!! LOL!

        I fully agree with you on every word you said, especially when you say, there is no point since demand for returns out weights actual money available. Even if EVERY person on the planet joined – you would still have an enormous amount of people out of pocket!

        I use to be fascinated by getting-rich-quick online and ran into a lot of scams! I finally got so dismayed with money wasted and time taken I started to Google a real opportunity. That’s when I found Wealthy Affiliate, which, I always recommend to people are are sick of scams.

        Wealthy Affiliate has been online since 2005 and shows newcomers to the industry how to build a website, choose a niche, create content, attract traffic for FREE and finally how to monetize the online business. The training equates to thousands but Wealthy Affiliates Premium is for Pennies a day. There is a FREE 7 Day Pass to all Premium Features with a Special Limited Discount Offer for the first month of just $19 – enough time for anyone to see and decide for themselves. For me, I love it!!

        I want to say thank you again for such an in-depth and illuminating summary of the most crucial part of my article, as I believe, it has added great value to this discussion.

        Let me know if I can be of further assistance to you SB and I will always get back to you!

        All the best for now and take of yourself online.

        Wishing you all the best of online success!

        Philip.

        Reply
      2. eddie

        thanks scam detector. by wanting people to join your site doesn’t means other sites are wrong and therefore people will want to take risks anyways…..you doing well promoting your product but for me I have made enough money on MLC and can therefore explain how the growths works. I started with a small amount and now iam living the life as so to say, things worked out and for you things will also work out if you just focus on selling your product and not try to poach others. my money is currently growing like you cant believe and I still recommend others to join. Has you say things will change can you please tell me when that is going to happen?been waiting and still getting paid.

        Reply
        1. Scam Detector Post author

          Hi eddie,

          Thank you once again for another comment!

          In my research on many different scams online it is not uncommon for a site to last years just to collapse over night!

          Such sites will pay people, to begin with, but will wait until the numbers are huge.

          It is your down line that I am concerned over as well.

          The reason why Ponzi and Pyramid schemes are illegal business models, as MLC247 uses these models, is because they have collapsed time and time again, and have defrauded countless people!!

          It is always the down line members that lose out, while people who get in early, make money.

          But, for now, I am happy ‘you’ are doing well and I wish much success to you.

          Yes, I do promote another product.

          I show people the best way to make money online that does not have the potential to financially hurt other people while exposing scam sites.

          My reasoning for this is because I have had my time wasted online by such sites and so I feel I am giving a valuable service to help lessen fraud instances online.

          I hope I have addressed some of your concerns, and while we do not agree on everything, I do appreciate you adding a view from MLC247. Thank You once again eddie.

          Let me know if you have any other questions.

          Regards,

          Philip.

          Reply

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