Email Fraud Alert received from: Andre
I recently received an email with this subject line: Millionaires Forum (Pty) Ltd, t/a Adventure Survivor series 2017 and I am concerned that it could be an attempt at defrauding me. Let me know in the comments section what you think, please.
The full contents of the suspected fraudulent (phishing / scamming) e-mail appear below:
During a Board meeting we have decided to alter our business operation and not to employ the intended Area Sales Managers.
Instead we have decided to open our System and Organization for the Entrepreneur to Earn an Extraordinary Income.
THIS OFFER WILL NOT BE REPEATED
THE SYSTEM
1) Once of Registration Fee of R1000.00
2) No Monthly Contributions
3) Earn from the start
4) 50% Commission earned on Millionaires Forum Membership
5) As Subsidiary Company, you will have the opportunity to market all our affiliate programs, on condition that you join the affiliate programs under Millionaires Forum.
6) Each of the affiliate programs function independently and the commission and earning potential and structure differ from the one to the other.
7) Your Registration Fee of R1000.00 does not cover the registration to the affiliate programs. But will be utilized to register a subsidiary company with you as Managing Director, and to draft a Partnership Agreement.
8) Millionaires Forum will provide all the relative training to secure your Brighter Tomorrow.
9) Millionaires Forum will render all the support to grow your business
10) Millionaires Forum will host presentations on your behalf subject to T’s and C’s
OUR CONSIDERATING FACTORS LEADING TO THIS OFFER:
1) By appointing Managing Directors in Subsidiary Companies, we are not employing employees, but forming Leaders with the desire to EXCEL in life
2) No disciplinary actions for poor performance.
3) No Hearings and Litigation with CCMA
4) No regulated hr functions with job applications and appointments
5) No more Employee Contracts.
6) No More Interviews and RED TAPE
ABOUT THE OPPORTUNITY
1) We are creating a vast amount of Great Exclusive Opportunities throughout South Africa. It almost works like a franchise.
2) You will be appointed Managing Director of the Subsidiary Company
3) Within your Company, you will decide on all the logistics
4) You will be in Complete Control of your company within the framework of Millionaires Forum (Pty) Ltd
5) We will invite you to our AGM and you will be opted as a board member. You will have a say in the Mother company through the process of voting where and if applicable.
6) Core Membership is excluded from this offer as you will become a Company Owner and Director.
7) This offer will not be repeated. The first paid and approved applicant in an area will be appointed as the Subsidiary Company Managing Director.
8) In actual fact, by implication this offer is similar to a franchise agreement, It will be like owning a franchise.
9) No royalties will be applicable. Just a percentage split in the revenue.
10) The cost implication to get fully involved into your own Company is ridiculously low, as we want to help and assist others to become financially independent. Leaders in their own right.
11) This offer must be regarded as strictly confidential and will not be made public.
12) One business or Subsidiary Company per town or area will be allotted. In the event of cities, a Northern, Eastern, Southern, Western and CBD Subsidiary will be allotted.
13) Upon application, you will become The Managing Director of a specific Subsidiary Company within the Group, with a share holding of 49% but with an equal or 50% 50% profit and revenue split.
14) Commissions, Earnings and Rewards derived from the external affiliate programs that we run will be excluded from profit sharing.
A Formal Subsidiary Agreement or Partnership Agreement will be affected and signed by both parties after area allocation and proof of payment.
Upon taking up this opportunity, you will have exclusive rights in your allocated area. All Subsidiary Company Directors to respect the other allocated areas, boundaries and borders.
No intentional cross marketing will be tolerated.
The Cost per Subsidiary Company will be Core Membership with Executive Platinum membership status. The Registration or initiation Fee is R3000.00 and the monthly Management Contribution is R3000.00 per month. The first Qualifying and Paid Application in an area will be awarded the Subsidiary Business Opportunity.
As a Subsidiary Company Owner, you will be the Managing Director of your company, registered with the Department of Trade and Industry.
By implication this opportunity will entitle and enable you:
1. To work where and when you want to work.
2. To be in complete control of your future and your business.
3. To become Financially Free and Independent.
4. To grow your income from month to month
5. To share in Millionaires Forum Awards and Incentives.
6. To do everything you always dreamed about.
Various people in our local Networking Industry earn 5 and 6 digit figures per month. This is a reality. The Sky and beyond is the limit.
In order to qualify for a Subsidiary Company, you must have own transport or a vehicle on which you can place specific advertisements relating to our system and affiliate programs.
For more information on how to join, please visit www.millionairesforum.co.za. Under the Membership Menu please select and complete the Needs Analysis and Membership Application.
Kind Regards
John Stewart – CEO Millionaires Forum (Pty) Ltd
082 590 6964 / 082 099 5134
The above email was sent by “John Stewart CEO” from this email address: millionairesforumsa@gmail.com
I, Andre, have the following thoughts/comments on this suspected fraudulent email message from “John Stewart CEO”:
I have been scammed by company / individual in S.A. who builds websites and promotes projects based MLM and pyramid schemes. He promotes a variety of websites and uses a number of email address to communicate with the public in general, advertising job opportunities for sales representatives offering basic the terms and conditions including all types of promises to sell his schemes, products and services.
I have worked for this company for 69 days and experienced the project being promoted. Client funds are paid into 3 different bank accounts. After the sales I made in excess of R30,000 (ZAR). The project is put on hold and clients are advised the project is being postponed till a later date – Keeping the clients deposits with the hope they don’t request a refund whilst attempting to continue selling. Although the individual offers to pay back the clients if they cancel. The company now refuses to provide me with a letter of employment after postponing it from the day I started worki