What Is MYMLC247.COM and Why All the Confusion of Late?
Should you need to know What Is MYMLC247.COM (www.mymlc247.com), is MYMLC247 a potential scam inherited from MLC247.com. I will answer if MYMLC247 is legit and if it is a guaranteed investment online job . Promoting themselves as a Peer to Peer group, whereby members voluntarily ‘Donate’ to other members, then wait for others to do the same for them. MYMLC247 is under no regulations and is not bound legally to ensure you make a profit, though they offer a 75% Compound Monthly Growth Rate, which is absurdly high, and all depends solely on new sign ups. No new sign ups, then there is no money, to pay older members. Thus, it is a Ponzi Scheme/Pyramid Scheme and I do not advise you join them.
Created:- 28/10/2017. Same Time BoN Warned People to Stay Away From Them! Caught Out – Again! 🙁 !!
Founder Name:- Olsen Larsen.
SCAM?:- COMPLAINTS OF NO PAYMENTS FROM ITS MEMBERS = YOU TELL ME!
Former Closed Site:- MLC247.COM!
What Is MYMLC247.COM and the Poor Excuses for Shutting Down MyLifeChange.com.
In order to know what is MYMLC247.COM, you may wish to read my other review of the former site in What Is MLC247. However, since it is the same man known as Olsen Larsen, I can answer your questions here. For reasons that are not logical per the
founders statement release, MCL247.COM was changed to MYMLC247. In fairness, the members were updated of this via FB two weeks prior change over, but (see comments on my other review on them above) some/many members were left distraught and confused. Below I will quickly detail how you can make money with them and the risks.
MY MLC 247 requires a few quid to sign up. Donations are given out to other members by new members and existing ones. The whole essence of this site is to help “Create a Dream” financially for its members. I have had reports of people investing three times and still no return on investment. Once you ‘donate’/invest you can do so for 1 month to 6 months with an expected profit of 75% growth rate for each month. Some will earn, as always with new Ponzi Schemes if you get in early, but 90% (statistically) fail to receive any reward for their monies, and as the older the site gets, in relation to member numbers as well, the possibility of making a profit diminishes dramatically. Eventually, new members are hard to continuously find, whereupon, the program collapses and fails to pay people. It is a Ponzi Scheme because its existence is dependent on fresh blood (new sign ups) to keep the whole system up. They are not a bank and are not regulated outside themselves – the whole show is dependent on trust with out guarantee of profit. Many sign up knowing the risks and unfortunately it is risky to ‘DONATE’ without being legally covered for a profit. They also have an affiliate referral program in place.
MYMYLIFECHANGE247’s Founder released a statement on their new site saying something in a contradictory/generic and altruistic fashion. I will detail what I recall but will leave snippet of it below for members to bring clarity to, what I can only describe as = CONFUSION!
PHASE 2 – THE MASTER PLAN HAS BEGUN! 🙂 .
“PHASE 2” has begun and this, apparently, involves changing their site name and leaving many screaming for their cash, who were not informed adequately enough. They have given themselves 7 DAYS to do some in house cleaning to weed out the called ‘corruption’ from within its own memberships. So what is PHASE 2? This Olsen’s answer to some ‘kind’ of ill explained and nonsensical situation. The change is due to a ‘SYSTEM ENHANCEMENTS’ situation, though, it just looks the same as MLC247 did and I do not see any changes on the surface.
Mr Larsen is saying that because ‘KEEPERS’ misused monies by paying members, who paid people who’s dreams had matured, which was a problem because it caused delays of ‘allocations’ and in ‘payment’s. The people, who paid other people, did per the purpose of the site and they were BLACK LISTED! Isn’t paying people per site description the actual purpose and so the explanation has just gone and shot itself in the foot! It does not make any logical sense.
ULTIMATELY:- Founders Explanation IS JUST GIBBERISH!!!!!
His explanation does not explain anything except there are doing ‘enhancements’ leaving their members in disarray. Well, when a site gets a bad reputation online, it is not uncommon for a renaming/re-branding etc. I wish the members well and hope you make some money. I do have one/two questions though:-
1). The old Members of MLC247.COM, will they get paid per their ‘donations’/investments when they all migrate to https://mymlc247.com? I ask because older members are saying the old site ran off with their cash. Personally, I was furious and I am now glad old members may still have a chance of reaping rewards in this clearly unstable/uncommunicative dodgy program.
2). Were these changes made to run away from older members because the old site had run out of money and you want to start a fresh?
All members of old site, that is now shut down, please report non-payments here to expose what is happening with the site under review to ad light to the truth on the current situation. Thank You.
As for the haters on my previous post:- CHILL and relax and state your case. No need to revert to the school yard to make your point. Thank you. Should anyone need additional data then just read my other review on their old as linked above.
CAN ANYONE TELL ME WHAT THAT ‘BABBLE’ IS ABOUT PLEASE?
SCAM RATING:- THESE GUYS ARE ACTING VERY SUSPICIOUS. GAVE GENERIC AND NONSENSICAL REASONS (WELL, THOSE WERE NOT STATED EITHER) FOR THEIR CURRENT BEHAVIOR. MANY COMPLAINTS OF LATE TO NO PAY OUTS. I DO NOT RECOMMEND THEM AS SOME MAY MAKE SOME MONEY BUT MOST WILL NOT! THAT IS MY RATING – NUMBERS (0/100) SEEM TO HURT MLC’er’s feelings. Furthermore, it is my hunch they made this change over due to the BoN Warning!! The timing is too coincidental for me, but of course, I could be wrong – though – it REALLY does not look good to come to any other conclusion. Am I WRONG? Please enlighten me below in the comments section – Thank You.
WARNING:- I AM NOT A MEMBER OF MLC. I have sourced my data online and through conversations with members of MLC. Do further research on your own and find out that MLC247 (old site) was deemed to be illegal in Namibia, so much so, authorities and BoN warned its citizens of the risks involved and concerns they are taking cash out of the economy. SCAM! Ops, I mean, be careful. Ponzi/Pyramid Schemes are Illegal the WORLD OVER, ergo by definition, so is the site being reviewed. The purpose of the post is to bring clarity to the many members who have no clue what is going on, and determined myself, to source data and succinctly present it. What you do with that information is, of course, your choice. I have said the truth and looking forward your comments 🙂 (the nice ones anyways 🙂 ).
As briefly mentioned, BoN declared a warning to their citizens. Soon after they have changed their site name. Coincidence? I am sure it is – lol. Ultimately, all else aside, there are complaints of non payments and 75% return is nuts and not possible for every member of their site. You could be the one of the lucky ones and get money, as mentioned, as the pyramid expands downwards, and the numbers amass, payments may become selective and many more will not reap rewards per site purpose and description. Numbers are not endless as there is only so many people to find to recruit to pump more financial juice to pay other people.
HAVE YOUR SAY!
Disagree with my article? OK, no worries. You may leave your opinion below and I will certainly respond to you. Have I left something out? Do you know something I do not? You are welcome to leave further and relevant data regarding What Is MYMLC247.COM. Caution:- Stay on topic! I am not here to ‘philosophize’ about other online opportunities, unless, you want me to investigate one for you. Thank you. I hope you are adequately informed and look forward to your comments and questions. Do not forget my work from offer as well and you can sign up below by clicking that nice quoted image. Take care for now and I wish all MLC members the very best of luck and a prosperous year to come!! Please share this article to lessen former members displacement and clear disillusionment.