Monday, July 8, 2013

Better-Living Global Marketing Update

Update of the Better-Living Global Marketing income program.  I reviewed this program back on March 11th, 2013 when it was still very new.   Better-Living Global Marketing is another penny auction MLM business (much like ZeekRewards) that was launched in August of 2012 and is based in Hong Kong.  The website, states that it’s ‘a subsidiary of MSP Power Marketing‘ and has a lot of information about it’s lubricant products, but no real information on the Better-Living Global Marketing penny auction program.   MSP Power Marketing (and by association Better-Living Global Marketing) was founded in the early 1990s by Luke Teng who is stated as the CEO of Better Living Global Marketing.  The Better-Living Global Marketing affiliate site URL is "blgm.hk" and had 966 average daily visitors, when I first reviewed the program, and is now up to 2,192 average daily visitors.  The Bidder's Paradise auction site URL is "Bp8.hk" and currently has 1,512 average daily visitors.

Updated Information..... I still have not found any additional information on CEO Luke Teng as far as his involvement in other MLM programs.  Basically Better-Living Global Marketing sell bids to affiliates for their Bidder’s Paradise penny auction website.  The penny auction site works basically like most other penny auctions, except Bidder’s Paradise also has a “special price” function in their auctions. If an auction reaches a certain price, the auction will end with the last bidder winning the auction to keep the total paid by a auction bidder from having to pay more then "50% of Hong Kong retail cost".  Bids for the auction site are only available in packs sold in bundles of 2,000 bids each for $1,160.  Purchased bids can be used for Bidder’s Paradise auctions or given away to other auction customers. 

Affiliate membership appears to be free, however an affiliate is required to both buy a minimum of one bid pack and pay a $15 annual membership to earn money.   Meaning that the starting affiliate membership cost is $1,175 ($1,160 plus $15).  There is also a affiliate’s "reserve wallet" from which a percentage of an affiliates earning go and these earnings can only be used to purchase additional Bidder’s Paradise bid packs.  There is a monthly membership charge of $11.62 from affiliates "reserve wallet" balances.

Bid pack purchases are paid a daily profit sharing earning for 99 days, paid out 6 times a week (skipping Sundays), with the program matching all profit sharing payouts and placing the matching funds in an affiliate’s "reserve wallet".

The program pays out a 18% commission on sold bid packs ($208.80), with an additional 2% ($23.20) being placed into an affiliate’s "reserve wallet".  They show three different affiliate levels as follows--- Manager, Director, and Vice-President.  Again I try to find out what the affiliate membership rank qualifications are, but again I could not find anything out about them.

There is also a company-wide 2X12 matrix for every bid pack purchased.  For each position under the affiliates purchased bid pack position, affiliates are paid $3.87 monthly.  Each bid pack position has a potential 8,190 matrix positions under it and can earn a maximum of  $31,695 a month if it fills up with bid pack positions.

A Leadership bonus is paid out using a uni-level wideX5 matrix.  You are placed in the top position of the matrix structure with your recruited affiliates positioned under you (level 1) and your affiliates placed in the positions under them (level 2) and so on down five levels.  The program pays out 3% of bid packs sold by your down line affiliates and is paid out as follows-- 2.7% ($31.32) directly to you and 0.3% placed in your "reserve wallet".  The number of levels that you are paid down depends on your affiliate rank as follows--. Manager– 3 levels, Director– 4 levels, and Vice-President – 5 levels.

bidders-paradise-logoThe Business Volume bonus is paid out using a 2X forced matrix.  You are placed in the top position of the matrix structure with two affiliates positioned under you (level 1), and  two affiliates positioned under them (level 2) and so on down any number of levels.  These 2X forced matrix positions can be filled either by your sign ups or from your up line or down line.  Whenever a bid pack is sold, it is credited to either the left or right side of the binary (depending on which affiliate sold the pack).  For each bid pack sale matched on both the left and right side of the matrix $52 is paid to you, with  $6.50 placed in your “sustainability wallet”. The Business Volume bonus is capped at 8 bonuses per day.

My Opinion......   Has my opinion changed about Better-Living Global Marketing program?  NO I HAS NOT...   In fact the more that I learn about this "passive" profit sharing program, the more that is scares me.  The fact that the starting investment is over $1,000 and it's comp plan is largely based on the "failed" ZeekRewards  "passive" profit sharing penny auction program, is a big concern for me.

Added that the programs web site states that "In August 2012, after witnessing the global penny auction phenomenon, Mr. Teng launched Bidder’s Paradise, a high-end penny auction site and used Better Living Global Marketing as the marketing arm".   It should be noted that the launch month of Better-Living Global Marketing happened the same month that ZeekRewards was shut down as a Ponzi scheme by the SEC.  This program just replaces ZeekRewards and Bidder's Paradise just replaces the Zeekler auction site in my opinion.

To date, not one MLM  "passive" profit sharing penny auction has taken off, based on of the penny auction itself.  Every program since ZeekRewards have only found success because of their comp plan, which is basically taking in money from new affiliates and using it to pay out existing affiliates and I see no difference with this program.  And this is exactly how this program is marketed.  Don't believe me, here’s how the Better-Living Global Marketing present their daily profit sharing plan "with daily profit sharing projections of $8.75 per day, based on payments made throughout early 2013, affiliates are urged to reinvest after the total 99 returns have been paid out."

In fact the program has re-investment plans already set up in each affiliates back office.  Invest in the “good option” and for $1,175 you receive  $1,939 after one year or you can invest in the “better option” for only $3,525 and receive a $5,884 ROI in one year.  Want more, a “even better option” costs $8,225 and delivers a $16,547 ROI in one year. And for the high rollers out there, there is the “greater option” which cost $17,625 and delivers $40,323 ROI in one year.  And of course these ROI's are totally "passive" earnings, with no referrals.  Just invest your money, perform some daily task (I assume a online daily ad) and watch your eWallet balance grow.

Of course Better-Living Global Marketing are telling their affiliates that these commission earnings are being paid out with Bidder's Paradise profits, which can be proven un-true. The first RED FLAG is the lack of retail auction customers in the program.  Just walk down any US street, ask anyone you see if they would be willing to purchase over $1,000 in penny auction bids, for a Hong Kong penny auction site, that is a confusing jumble of Chinese and English, without "hyping" up the comp plan first and see how many takers you get.  Another indication that there very few retail auction customers is the FACT that the affiliate web site average is 2,192 daily visitors, yet the Bidder's Paradise auction site is currently only averaging 1,512 daily visitors.  Add to the fact that affiliates are required to use 20 bids in auctions to qualify for their daily profit sharing payments, there is NO DOUBT that 99% of this auction site traffic is from affiliates.

The second RED FLAG is that, by now you must agree that this is but another affiliate funded ROI scheme. And every bid sold brings with it a plus 100% ROI paid out daily profit sharing liability for the affiliate program.  In addition to this is the ongoing liability created by the program wide 2X12 bid pack matrix, with at least $3.87 per month per position also being paid out. And this does not even include the liability from the other added paid commission bonuses.

True the required forced re-investment (made possible by the correctly named "sustainability wallet" and "reserve wallet") will help keep this program afloat a little longer, but when new affiliates stop investing and existing affiliates start withdrawing their earnings from their third eWallet, it is not going to take long for the program to run out of money, then look out.

With both Better-Living Global Marketing and its affiliates recommending to new affiliates to buy in at the $17,625 level, the program making a guarantee $40,000 plus ROI within one year, and the program moving ever closer to its first year anniversary, it doesn’t take a genius to see a program collapse well before your typical 2 year "passive" daily profit sharing program life span.  DO I NEED TO SAY MORE?


Just My Opinion,
Philip Reitcheck
greentreesmlm@gmail.com

101 comments:

  1. This comment has been removed by the author.

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  2. Mr. Rietcheck please review your postings before final publication. Sometimes your grammar does not agree with subject and predicate....

    Secondly, you are entitled to your opinion. Fine. No one forced you to make business with Luke Teng or his affiliate company. The reason Zeekler belly-uped is due to people like you who preach uneducated information. The US government ceases the opportunity to listen to idiots like you and shuts down similar pyramid scheme business. (yes it is illegal here in the US.)

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    1. I am sorry "Unknown" that you find my grammar does not agree with your predicate, but what can you expect from a "uneducated" person like me. But I do know what my name is, unlike you.

      By the way you spelled my last name incorrectly.

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    2. For someone focused on English usage, "Unknown" apparently needs to learn the difference between the words "ceases" and "seizes".

      But then again, the thieves running the SCAM are supposed to be in Hong Kong, right?

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  4. I guess some of the "high rollers" just met in Vegas and they are being instructed to avoid Ponzi language when pitching. They're also being "reassured", if that's the word for it, that recruiting will stop and the business is going to be sustained on bidder's paradise, which is going to be "opened up" in other countries. I think the pitch they're getting is that in order to prove to affiliates that recruitment isn't necessary to be sustaining, the bidder's paradise traffic is going to increase exponentially at some undetermined date. Meanwhile, the affiliates are making so much money that they couldn’t care less about the enormous risk.

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    1. Please don't guess. Let see facts and talk about it.

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    2. It's hard to get facts because they are actively trying to avoid too much publicity. What they've learned from Zeek is how to avoid the SEC for as long as possible.

      What I do know as fact is that people who are sunk into this miasma are unable to answer any basic questions about why this program is more stable than the trillion ponzis that came before it.

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    3. Hi Friends -
      For your reading pleasure/discussion is an item from the U.S Government SEC site regarding PONZI schemes:

      What are some Ponzi scheme "red flags"?

      Many Ponzi schemes share common characteristics. Look for these warning signs:
      •High investment returns with little or no risk. Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any "guaranteed" investment opportunity.
      •Overly consistent returns. Investment values tend to go up and down over time, especially those offering potentially high returns. Be suspect of an investment that continues to generate regular, positive returns regardless of overall market conditions.
      •Unregistered investments. Ponzi schemes typically involve investments that have not been registered with the SEC or with state regulators. Registration is important because it provides investors with access to key information about the company's management, products, services, and finances.
      •Unlicensed sellers. Federal and state securities laws require investment professionals and their firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms.
      •Secretive and/or complex strategies. Avoiding investments you do not understand, or for which you cannot get complete information, is a good rule of thumb.
      •Issues with paperwork. Do not accept excuses regarding why you cannot review information about an investment in writing. Also, account statement errors and inconsistencies may be signs that funds are not being invested as promised.
      •Difficulty receiving payments. Be suspicious if you do not receive a payment or have difficulty cashing out your investment. Keep in mind that Ponzi scheme promoters routinely encourage participants to "roll over" investments and sometimes promise returns offering even higher returns on the amount rolled over.

      If you are aware of an investment opportunity that might be a Ponzi scheme, contact the SEC by phone at (800) 732-0330 or submit a tip online at sec.gov/complaint/tipscomplaint.shtml.

      What steps can I take to avoid Ponzi schemes and other investment frauds?

      Whether you are a first-time investor or have been investing for many years, there are some basic questions you should always ask before you commit your hard-earned money to an investment.

      The SEC sees too many investors who might have avoided trouble and losses if they had asked questions from the start and verified the answers with information from independent sources.

      When you consider your next investment opportunity, start with these five questions:
      •Is the seller licensed?
      •Is the investment registered?
      •How do the risks compare with the potential rewards?
      •Do I understand the investment?
      •Where can I turn for help? - See more at: http://betterlivingglobalmarketingreview.blogspot.com/p/blgm-pay-out-delay.html#sthash.UrCGS1ii.dpuf

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    4. Senior Fraud Case Take 1: This 65 year old church going lady, diabetic, living on SSC. Purchases 3 units with her sons money as to set her self up & help cover medical and prescriptions... The bills come due before the pay out money can come in from BLGM .. She was told 14 days when she purchased, the family that sold her the units did like everyone else and spent the money.. The pay out money began to be critical as to pay her medical experiences.. She had to go back to her son & ask for more money.. The son said lets look at this BLGM deal.. It smelled to all heck..Reading e-mails like wait your turn and be patient.. So Detectives show up at this families door & want to talk about a Senior Fraud Case.. The family is forced to pay the lady back asap & and now they get to wait for BLGM checks to come in from the senior.. And Yes This Is A Very Real Story - See more at: http://betterlivingglobalmarketingreview.blogspot.com/p/blgm-pay-out-delay.html#sthash.FxW1dv2L.dpuf

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    5. if your a senior and you purchased units and you were told 14 day payouts or told anything that has been changed you could be entitled to a full refund from the seller of the units.. contact you local sheriff or police department senior fraud division and they will take your statement.. Any to bad to sad & get in line & don't be desperate emails or text messages are important.. - See more at: http://betterlivingglobalmarketingreview.blogspot.com/p/blgm-pay-out-delay.html#sthash.BuCiysuJ.dpuf

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  5. DEAR MR RAINCHECK
    THE TRUTH IS YOU DON'T KNOW WHAT YOU TALKING ABOUT. THE COMPANY SO FAR IS DELIVERING WHAT THEY HAVE PROMISED WY DON'T YOU TAKE A A TRIP TO HONG KONG AND VISIT MR LU TENG I AM SURE THAT HE WILL RECEIVE YOU WITH PLEASURE AND HE WILL EXPLAIN THE CONCEPT OF THE COMPANY TO YOU WHEN YOU DO THAT AND UNDERSTAND AND JOIN THE COMPANY AND GET SOME BITS FOR YOU AND YOUR FAMILY AND TRY IT OUT THEN THE PEOPLE WILL BELIEVE IN YOU WRITING NOW ALL YOU ARE DOING IS READING THE SAME THING THAT I ALREADY KNOW THE DIFFERENCE IS THAT I AM MAKING MORE MONEY ON BLGM. THAT IN ALL THE MULTILEVEL BUSINESSES THAT I TRY IN TWENTY YEARS. WHAT I LIKE ABOUT THIS BUSNES IS THAT I DONT HAVE TO TRAVEL TO TAKE CLASES OR BE IN MITIMS EVERY DAY IS SO EASE JUST TO TALK TO ANY BUSINES OWNER FACE TO FACE AND THEY ARE WILLING TO SHARE IT WITH OTHERS AND THEY COMING IN ALL I SAID TO THEM IS THAT I AM PUT MY MONEY IN I AM THE CAPTAIN OF THIS SHIP I WONT TAKE MY MONEY OUT I AM WILLING TO KEEP BUYING UNTIL I HAVE 100 UNIT AND RECIEVE $1,000 THOUSAND DOLLARS A DAY THAT WAY I CAN PROOF YOU WRONG AND I INVITE YOU TO COME TO MY SHIP AND LET TRAVEL TOGETHER AROUND THE WORD MY NAME IS RAFAEL SIERRA MY EMAIL DKEYMAINUDA@YAHOO.COM AND YOU HAVE VISIT MY EMAIL SEVERAL TIME TO OFFER YOUR STUFF THAT YOU SELL IN THE INTERNET SO YOU KNOW ME I AM FROM PUERTO RICO SO EXCUSE MY GRAMMAR

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  6. I have met two speakers/recruiters from this so call the business plan of the century and they calim to have a downline of 140 and so members and had bought an average of 80 units so they are receiving more than enough money ina daily basis, what i find suspicios is that both came from a previous MLM that apparently never gave them the profits that BLGM is and they have excellent speech skills so they of course try so hard to convince people with no proof that they are reciving such a huge amount of profits from their original investmen of 3 units...we dont know these people and the ones we know are barely even on their investment after 6 months. Can someone explain to me how long it takes for my friends o relatives to make the profits they are making? they all purchased 3 units but no 'huge profit' yet and the company is not even 2 years old :/

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    1. i will help you i came in with 23 nit cost 3500 now i have 24 unit and bought 3 more for my family i i have invested in the company around $5,000 24 unit cost 28,200a profit of 23,000 in 4 months plus $230 every day you receive chinese pesos you can exchange through your bank or let they ride and keep buying units like you do in las vegas until you you are satisfied with your whining if you sell everything you have is like killing the goose that give you golden eggs simple capiche

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    2. The point isn't the profits you may be making in the short term! The point is that there's no way Bidder's Paradise can sustain the returns, and if recruitment stopped altogether, and everyone decided to draw down on their ewallets, instead of "letting it ride", the whole thing would cease to work.

      I will give you, dkeymaninusa, that it is a lot like Vegas. You may win for awhile, but at the end of the weekend, you're gonna' wake up with a Hangover, a tooth missing and a tiger in your room.

      What I want to know is, why, given all the evidence that this is Zeek with a slightly different (yet the difference is irrelevant) bidding website, people aren't more concerned?

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    3. I invested in 3 units rebate =500
      3 units total 3525-500=3025.
      1 unit u get 2000 bids and if you won...that is your bonus. go buy your won auction item and company will pay out the different.

      u must bid 20 bids a day to earned 8.75 a day on 1 unit which take a bout 5 minutes of work for each unit.

      8.75 a day for 26 days, monthly earning for 1 unit= 227.5; 3 units X 227.5 u earned 682.5 a month. NICE.

      3025/ 682.5 = 3.9 months you got your investment back. Want to know more???


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  7. This is not for everyone...This is for the people who have guts and balls and love the thrill of gambling...it take $ to make $..
    if you don't like to go to las vegas to gamble then this is not for you.


    I invested in 3 units rebate =500
    3 units total 3525-500=3025.
    1 unit u get 2000 bids and if you won...that is your bonus. go buy your won auction item and company will pay out the different.

    u must bid 20 bids a day to earned 8.75 a day on 1 unit which take a bout 5 minutes of work for each unit.

    8.75 a day for 26 days, monthly earning for 1 unit= 227.5; 3 units X 227.5 u earned 682.5 a month. NICE.

    3025/ 682.5 = 3.9 months you got your investment back. Want to know more???


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    1. How's it feel gambling with the money of all those other recruits? Will you feel at all responsible for the people in your downline when recruiting slows down and the "company" can't sustain itself?

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  8. Denzel Lam, I want to do research on this company with an open mind. I have read alot about how this company looks so similar to ZEEK, but i will not do research on ZEEK cause to me it will cloud my judgment. Yet i have gone through the website, and i have encountered some issues. in some pages they have the GROSS PROFIT wrong. I am a business major and i REALLY want to believe in this company, cause IF they are similar to ZEEK then HOPEFULLY they figured out the flaws that led to it failure.

    I understand the concept of the auction

    Starting bid 10% of Hong Kong retail price
    Each “penny” bid cost .58
    “Auction ends when people stop bidding and the clock runs out or when the “surprise price” is reached” (Surprise bid being 50% of retail value)
    Example: item “A” retail price $1,329.00
    Starting bid $1,329.00 * .10 = $132.9
    Sold for $606.68
    606.68 – 132.9 = $473.78
    Total bids 473.78 * 10 = 4,737.8
    Amount raised 4,737.8 * .58
    Gross Profits = $27,479.24

    YET IN SOME PLACES THEY BYPASS THE THE STARTING BID OF 10% AND CLAIM IN THIS INSTANCE 60668 TOTAL BIDS (60668 * .58) WITH A GROSS PROFIT OF 35,187.44
    I KNOW ITS JUST 7,708.2 THATS ADDED ADDITIONALLY, BUT IF THEY ARE MISREPRESENTING THAT, WHAT ELSE DO THEY HAVE WRONG.

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  10. It appears to be the beginning of the end for Bidder's Paradise. They're using the good ole' "hackers got into our website" tactic. I assume they will continue to tap into their face-to-face network to squeeze enough money out of the schmucks still involved for as long as possible. Interestingly, they seem to be moving off the web entirely while all this is going on. I hope that this is an indication that they're going to be shut down by an agency and someone will actually be prosecuted, but I'm not holding my breath. They've done a pretty good job of keeping themselves out of the spotlight.

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    1. Hi, I am just as skeptical as you, but i took chance, bought 7 units initially. Now I have 17 units, got all my investment money back and making around $4000.00/mo. I didn't refer anyone yet, but I will now, I just want to make sure myself first.

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    2. I put in a request for withdraw on 09/25/13 and as of today (10/27/13) it still shows as processing. I have sent 5 emails of which known have been responded to. Does anyone know a way to contact ANYONE with this company? No replies and no payouts does not look good on any company and this one is as mysterious a company as I've ever seen.

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    3. Jen, you're a fanatical! you know that this doesn't work, unless you recruit people!
      you DON'T get your money back, you have to keep on buying new units, you got $4000.00/mo. that's $12000/99 days.
      you still need almost $8000, if you wanna buy 17 units to "keep it going"!
      unless you bring your friends in or family or people to spend money on "units" YOU'RE NOT MAKING MONEY!
      don't fool yourself!!!

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  11. All you apologists out there -- how's it going? I heard that no one could log into their back office, and there was a message about BLGM "switching servers" that has been increasing its "please wait" time. This sequence of events seems to be identical to Profitable Sunrise and Zeek. I also understand there was a conference scheduled for today. Anyone privy to what's going on there?

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    1. All I know is that they are up and running again. They are paying daily. The fact that they opened up as zeek closed is GOOD sign. They've made some changes which they learned from ZEEK not to do. Zeek let the price go as high as ever. Better Living cut it at 50% guaranteeing a good rate. The biggest problem over here is Philip Reitcheck. We all understand that if he wrote "RUN AWAY" in his first blog, he could never face the world by changing his tune. All his points about comparisons to failed penny auctions are full of hot air. He mentions the failed ones but not the ones that are good. and there are many of them. He states the low numbers of visitors without telling us the source of his insight. He will never tell us, know why? he has no source. He also fails to realize that the fact that BL is based in Hong Kong is a GOOD thing. The American gov't cant shut them down there as they do to the US companies. Guys, my upline has seen the office of BL. Its a big place, the owner is accessible. There are many people on staff. Better Living is here to stay. Their complicated comp plan - to much for the little brain of Philip Reitcheck - is not complicated for those without ADHD. Invest in BL today. You will be sorry, if you didnt.

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    2. It's clear the penny auctions are not providing any income because the penny auctions are closed to anyone who is not an affiliate. All of the payouts you are receiving are coming from new recruits. It's a ponzi, plain and simple.

      The website was closed due to shill bidding by fake accounts. That's why product prices were being inflated. It's EXACTLY what happened to Zeek.

      The fact that BLGM has not yet been shut down has no bearing whatsoever on whether or not it's a Ponzi scheme.

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    3. I know you are skeptical, you must lost money in business before, so did I. But it is not true that make money from recruiting new person. I did not, not yet. I receive money directly from wire transfer. You can sit on sideline as long as you want. You want to make money too, otherwise you will be on this site. But analyze & pluralize you, instead have open mind, go to meetings, meet people who are in the business. You belong to the group of "should of..." wait, wait for your whole life.

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    4. You say they are paying daily, but have you actually withdrawn and got your money? Just because it appears there is money being earned on a computer does not mean they are paying. I'm awaiting on a withdraw I put in 5 weeks ago that still shows as processing and they have not responded to any of 5 emails I have sent.

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    5. Eddie - interesting. This is the first I've heard of problems, although, the person I know who is invested claims to be receiving cash. However, they mentioned that BLGM was cutting off anyone purchasing "too much" at one time. Whatever the reason, everyone should have paid attention to all those Red Flags before writing checks.

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  12. Avi I love all you said, I also wanted to call Reitcheck out on some of the things he wrote about but I really thought it would be a wast of time. If people don't take advantage of a great thing b/c of what Reitcheck says its there loss! A lot of people keep comparing better living to zeek. The only thing that they have in common is its a mlm and a penny auction site! Were the wright brothers the first one to build a plane? No they were the first to fly one! Tweeks had to be made and Luke Teng figured those out. I feel lucky just to be a part of it!!!!! I just want to add one more thing. Leslie you were able to find out that the site was shut down for a day. The people in B/L know why and we were all still paid. So what does that tell you about this company?

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    1. In what way, specifically, is BLGM different than Zeek? What are these mysterious tweaks?

      Yes, you're getting paid from new affiliates. That's the point.

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    2. Hi Leslie, if you are not interested, why you keep checking on BLGM website? You are interested, but too scared to take chance. am I right?

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    3. I'm concerned because I'm actively trying to persuade someone to get out. On a selfish level, I'm also a bit fascinated by the psychology of the Ponzi scheme. I've known people who were involved in MLMs with physical products that may or may not have been legitimate, but I've never known someone to jump both feet into a something that's so clearly a Ponzi scheme and not be concerned at all about the people they're bringing on board. It's just baffling to me how little people care about where the money comes from, as long as the money comes in.

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    4. Does anyone have a contact or method of reaching the company other than cs@blgm.hk? They do not reply to emails sent to that address and they appear to ignore all attempts to withdraw. Any assistance anyone could offer in this matter would be greatly appreciated.

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  13. Well Leslie I guess if you so clearly see this as a "Ponzi scheme" there will be no changing your mind.Even another year down the road after you seeing your friend make $ with this company you will still be stuck on the sidelines and that's fine b/c everyone's not going to be able to understand it.

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    1. There's no subjectivity here. It's objectively a Ponzi scheme. Not an opinion--fact.

      Yes, people make money in Ponzi schemes. That's the point.

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  14. Subjectivity, Ok you wanted to know about the tweeks that had to be made.(fact)Zeek you had to buy subscription,then you would post your sub's so that potential customers could click on them to receive free bids.Well people didn't click on to receive the bids.Since the bids went unused the $ never made it to the product.(fact) B/L you buy a unit which are bids.Then you go and use your bids! (maybe even win a item).The $ made it to the product! That's just one tweek, there are more.I'm sorry I don't have the time to sit here and break everyone of them down for you.Now as to you saying the only $ that is brought in is from new affiliates. So you then must believe that B/P doesn't make a profit. Correct?
    Leslie answer me this. If you spent $1200 on a unit and got 2000 bids . lets now say you use your bids to try and win a new phone. :( but no luck on winning the phone. whats the bottom line?
    you spent $1200 on trying to win a phone with a $1100 retail value(which ends up getting sold for $500)(you only accounted for $20 of the $500)
    Now with numbers like that how could you possibly think that profits depend on new recruites

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    1. "(fact)Zeek you had to buy subscription,then you would post your sub's so that potential customers could click on them to receive free bids.Well people didn't click on to receive the bids.Since the bids went unused the $ never made it to the product."

      BLGM forces affiliates to use their bids, so what? The problem is that all of the bidders are affiliates. Exact same investment model, just ensures that the suckers use up their bid packs. Why does that tweak make it more sound than Zeek? If anything, it just proves it's a ponzi scheme because it's not open to outside bidding.

      "That's just one tweek, there are more.I'm sorry I don't have the time to sit here and break everyone of them down for you"

      Yeah, oddly enough, you're not the only affiliate who can't articulate why BLGM is more stable than Zeek.

      "Leslie answer me this. If you spent $1200 on a unit and got 2000 bids . lets now say you use your bids to try and win a new phone. :( but no luck on winning the phone. whats the bottom line?
      you spent $1200 on trying to win a phone with a $1100 retail value(which ends up getting sold for $500)(you only accounted for $20 of the $500)"

      Because the bidders are affiliates. Plain and simple. I know Luke Teng is telling people that there is a well-spring of unidentified "retail" customers in HK, but it is NOT TRUE. There's still not enough traffic to the site to make that true. Everyone bidding on the site is part of the compensation plan.

      I know Teng has an answer for everything--if the BP retail can't keep it afloat, then it will as soon as he opens up BP in mainland China (which means that it's not open now), or, my personal favorite, someone hacked all the registry and forged the date on the creation of the domain and the amount traffic to the site.

      The (fact) remains, however unsavory for current affiliates, that Bidder's Paradise does not exist separate from the compensation program. It is not bringing in the income--"investors" like you are. Which is great for you...until it inevitably falls apart--as all Ponzis do.

      Delete
    2. I'm laughing reading all this. Guys, who cares if Leslie joins us or not??? She doesn't get it! She won't get it.

      Delete
  15. I have read all of the comments listed earlier to this one. What surprises me is that no one seems to understand the business model.

    I think you should all go to Quibids, buy some bids, then bid in some auctions to see how the auctions actually work. I have done that in the past. For example, Quibids will offer a $ 100.00 Walmart gift card. The bids cost $ 0.60 each. So, I buy 100 bids for $ 60 and then I watch the bidding on the walmart card. When the bidded price gets to
    around $ 50 or so, I start watching the list of active bidders and when I see that there are only a few bidders still bidding, I begin to bid. Lets say, for example, I win the walmart card and it was won at a bid of $ 55. As the winning bidder I am happy, I got a $ 100 card for $ 55. Now I can go shopping at Walmart. Maybe I used up 30 of my bids in the bidding process, so that is an additional $ 18 ( 30 bids x 60 cents each) I am still happy, my walmart card is worth 100.00.

    So, how much profit did Quibids make on my winning bid of the Walmart card ?? Well, they had how many bids placed ? 55 dollars has how many pennies in it ? $ 55 x 100 pennies per doller = 5,500 penny bids that were placed. How much did Quibids receive for those 5,500 bids ??? That would be 5,500 times $ 0.60 = $ 3,300.00. So Quibids happily pays Walmant $ 100 for the card and Quibids pockets
    $ 3,200.00 in PROFIT.

    Imagine what the profit is if a higher end product, like an Apple Ipad, or a Galaxy phone sells at 50 % of its retail price ? If an Apple Ipad has a retall of $ 800. and sells on Bidders Paradise for $ 400. Mathematically, that is 400 x 100 = 40,000 bids, which bidders paid 58 cents a piece for, which equals ( 40,000 x 0.58) $ 23,200. They pay apple the $ 800 and profit $ 22,400 !!

    So, if BGLM shares 55% of the profit with the members, and the daily sales at this time are in the millions, isn't it very logical to assume that the membership can be sustained by the tremendous profits generated daily ? Not only that, don't you think that the company its self can grow on millions of dollars in profits per day ?

    I purchase three units on 9/18. On 10/18 I used my accumulated profits to buy another unit.. My daily profit today was $ 61. I currently have $ 950 sitting in my e-wallet account that I can withdraw at any time. I put the numbers into a spread sheet and calculated that I can withdraw $423 per month, every month and at the end of 9 months my entire initial investment will have been returned to me in cash, and I will by that time have accumulated more units and will have a much higher daily profit accumulating. After the 9 months I can increase my monthly withdrawal. All of this is being done with absolutely NO recruiting at all.

    So, the bottom line is, the profits being generated by the auction site selling real products to real people is what is providing the daily profits that are paid into my account.

    My opinion is that this auction site and the membership is sustainable because of the business model and the daily growing sales and profits.
    It is not structured on the old MLM model of affiliates bringing in more affiliates and getting paid only when the bring in more affiliates. I believe that the BLGM business is still in its infant stages and once a large enough membership is built there will be no need for any more members and at some point in time the membership will be closed and BGLM will begin to advertise online and possibly on TV just like Quibids and other successful penny auctions.

    I believe this is s sustainable model. I also suggest that anyone who considers getting involved should find out all the real facts first, do their due diligence, and start out with a purchase with money that you won't miss. Don't use your rent money or your grocery money.

    Sincerely, Leo,
    email: finmgr4u@yahoo.com

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    1. But what happens when everybody purchasing a bid pack is also an affiliate expecting a 99 day ROI?

      "So, how much profit did Quibids make on my winning bid of the Walmart card ??"

      None, if they have to pay out ROI and commission. If anything, they're going to end up in the red, UNLESS they can constantly be bringing in new recruits to bring in new cash flow. Even with current affiliates re-investing in bid packs, without new affiliates, there won't be any new cash flow for BLGM to match profit sharing payouts.

      "Imagine what the profit is if a higher end product, like an Apple Ipad, or a Galaxy phone sells at 50 % of its retail price?"

      I get that's the selling point for people who think penny auctions are a genius business strategy, but it only works if Bidder's Paradise is open to independent consumers (like Quibids). This is not the case with BLGM.

      "So, if BGLM shares 55% of the profit with the members, and the daily sales at this time are in the millions, isn't it very logical to assume that the membership can be sustained by the tremendous profits generated daily?"

      Again, not if all of the bidders are affiliates soaking up 55% of the profit.

      "All of this is being done with absolutely NO recruiting at all."

      Somebody is recruiting for you, or this thing is going to collapse a lot sooner than estimated (or Mr. Teng has multiple schemes running, which wouldn't be that unusual). Since Bidder's Paradise is closed to anyone not in the compensation plan, either you're misrepresenting whether or not you recruit, or there's heavy recruiting going on somewhere else. As I have been pitched this program several times, it's probably the latter. Regardless, it's clear it does not come from Bidder's Paradise.

      "It is not structured on the old MLM model of affiliates bringing in more affiliates and getting paid only when the bring in more affiliates."

      That's exactly how it's structured. It's Zeek but more careful about marketing.

      "Once a large enough membership is built?" Clearly that means the retail is not sustaining it now--the recruiting is.

      "I believe this is s sustainable model. I also suggest that anyone who considers getting involved should find out all the real facts first, do their due diligence, and start out with a purchase with money that you won't miss. Don't use your rent money or your grocery money."

      Good gravy.

      Delete
  16. This company is a scam you will see the money you make everyday that is not the real money. Even You get the money out of something wrong with company they will ask you to give back the money or otherwise you go to jail. You have the option to choose listen to me or lose all the money and live poor.

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  18. Warning, Caution, Danger: The trusting of Hong Kong to deliver on the wire transfers is not going well at all.. The up line cash pay outs are still happening on a case by case deal but only for new players in the game... Once your hooked they cut you off and say rots of ruck: ( Honk Kong needs to fix this asap, dont put any money down until its fixed and they can return e mails and pick up the phone.. its all bad

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  20. Thanks for all the postings, especially to Leslie who spent hours responding to many comments.
    It is very interesting to me because I experienced the Zeek debacle personally. I resisted for 12 months to many solicitations and after witnessing the amazing earnings and growth among top leaders whom I know in the MLM world, I finally caved in in Jun 2012 - with $5k. Which I promptly lost as the company was shut down in August. Unfortunately I also brought in a friend and employee of mine who lost $500 when he just couldn't afford it. In a way I am thankful it was closed in August because I was about to start promoting it heavily after I "got my money back" ...as they say! I have seen people who put their lifes savings and hopes into this...and lost all! it is heart wrenching and I am so glad I was not their sponsor!
    To me it comes down to personal values and ethics. There are many wrong ways to make money: dealing drugs, being a crooked trader on wall street or selling bad mortgages to folks who cannot afford them. To me Better Living is one of those, just like Zeek was and I will not try to convince anyone not to do it, because I did it myself and also because I have experienced personally the degree of craze and total loss of reason that those quick super high return expectations trigger in people. It's addictive, contagious, totally unhealthy and will last a certain time, no doubt about it, just like smocking, gambling or illegal sex. But if anyone who reads those comments still has their critical mind and is at the same time somehow attracted by a "once in a life time" kind of business opportunity which is here legitimate (endorsed by Forbes in 2012 and American Business Awards in 2013), which does contributes to a better world by helping the environment and worthy charities and most importantly doesn't require any financial investment, any auto-ship, any monthly fee, any registration fee or training fee or DVD or marketing products to purchase... Please contact me at tgoyernyc@gmail.com.
    If you are only looking for the latest hottest trendy bubble, please don't waste your time because we are in the leagues of Google, Groupon, Facebook and our life cycle is 50 to 100 years or more!
    But if you are looking to make $10K+ in less than 3 months without putting any money down.....then we can help.
    Thanks for reading.

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    1. "But if you are looking to make $10K+ in less than 3 months without putting any money down.....then we can help."

      Sigh...

      Better Living's a scam--I have an opportunity where you can make $20k passive income per second. We're a Fortune 10,000 company and completely legit! No recruiting! Also, I'm a Christian, so you know it's sound. For more info contact throwyourmoney@me.com. Blessings.

      Delete
  21. Today there is a updated news, who will join after january 2013, they going to have only 2 cycle (2 times Re-purchase) and asked to invest more and more $$$$$ on it before that date, when there more people joins, put more money only then we will be able to get our withdraw. request, this is very clear that, no any problems by bank about the payment. we will know everything's within a week or so on about, what they going to do

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    1. Sounds like they ran out of cash and are hoping new recruitment will create an infusion of new suckers...I mean "investors".

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  22. I don't think that this thread should be an argument. The author of this thread has an opinion, and that is all it is. Obviously, his opinion is based only on what he has researched about the company? Which is fine, every company has a risk whether it be an MLM, or a traditional business, or even having a job (I was actually laid off from my landscaping job, because the business isn't working out) Wow! So whether or not I'm working or participating in a company, life is about risks...without risks, no one can ever find the potential in anything. Leslie, you obviously have your own opinion about it from your standpoint, and Paul and everyone else on this thread. But honetly, how does someone know if something will work or not if they don't try it. Its like shoe shopping, you have to try on the shoes first to see if its the right fit, right?

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    1. "Obviously, his opinion is based only on what he has researched about the company?"

      Um, exactly.

      "But honetly, how does someone know if something will work or not if they don't try it."

      So, despite research telling you this is not only a bad investment, but potentially illegal (unethical, immoral), people should invest anyway on the off chance that they a) don't get caught, b) don't lose their shirt and c) aren't stealing from new recruits. That's ludicrous.

      "Its like shoe shopping, you have to try on the shoes first to see if its the right fit, right"

      No, it's actually nothing like shoe shopping. In no way is investing in a Ponzi scheme (or any MLM) anything like shoe shopping. Shoes are not network marketing. Direct retail buying is not comparable to network marketing.

      Since there are reports springing up at behind mlm and here from people unable to make withdrawals, I'm assuming you're at the top of your pyramid and happily taking the money of all the people under you.

      Delete
  23. Yes.. a 9 million per day biz.. 3 staffers to pick up the phones and return emails.. yikes

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  24. I was just using the shoe shopping metaphor as an example Leslie. I wasn't commenting to cause any friction, I was just saying that it doesn't matter what company you join there are risks. What about mlm businesses wher you have to buy inventory and hope that you can push the product? There are few people who know how, and those who do (not all) don't care about how the downline is doing as long as they are making the bonuses. People work the mlm backwards at least most leaders I met have, they don't help, they don't do anything except sit on their throne and watch as the checks come in the mail. With BLGM, what if your opinion of it is wrong?

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    1. Your metaphor doesn't fit (pun intended).

      Risk and Ponzi are two very different things. Since there are no goods and/or services attached to BLGM, the "risk" debate doesn't even apply. And, no, I don't count either Bidder's Paradise or "lubricants" as a legitimate business for all of the reasons I've already stated (and have already been discussed at Behind MLM).

      If you honestly think all that "company funded" money isn't coming from the down line, then you should know there's a bridge for sale in Brooklyn.

      Delete
  25. And by the way I have noticed there is not a whole lot of bad reviews about it at all except this page and a couple others, and I see the same people ridiculing the company, so what does that say? That means, you have not actually experienced the company, and your facts are based on hearsay of your own judgement :) not by experience.

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    1. BLGM forbids its members from marketing online. With that, as with many Ponzi schemes, members are afraid to review or criticize lest they lose their ability to withdraw.

      I don't need to experience a Ponzi scheme to know it's a Ponzi scheme.

      Delete
  26. Rut Ro.. ooh u tricky guys.. huge up date home land security is now in the game and is passing out tax, back ground forms.. yes michelle grant I'm in the game.. I just dont want to bring falks into a hunk of junk...

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    1. That sounds like nonsense. What does "homeland security is passing out tax" even mean?

      Delete
    2. Its true my up line here in so cal.. is rocken 40k per month and does a training class here in town every wed. This is true about home land security i will be going by a finding out and posting my findings.. I go to all the meetings and sit in on all the calls I put in 7 k of my own money, I will tell the all and be honest.. email me if anyone has any questions and would like an honest, real conversation..

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  27. More and more of ya all are e mailing me about wire transactions.. Our up line guys are not willing to help much.. when we first signed up they all said No problem i can cash you out any time.. huge lie number one.. now we have hong kong that is giving no customer service to this very unfunny glitch.. I more than willing to run wire transfers into my bank and invoicing ya all with 1099s and look at trouble shooting your data..

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    1. what are you talking about LOL I read your last few posts and they are confusing :)

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  29. My notes are q and a from e mails.. And would be confusing to ya.. i have a saved call from our leaders with a tax pro talking about hoops that we need to jump through with home land security.. A bunch to post tomorrow i should have bullet points posted

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  30. I just read all of the above comments. I joined BGLM in September and I have not had any negative feelings about it since I joined and I do not understand why anyone would think it is a ponzi scheme.

    Ponzi schemes are designed to create money for the leaders from money that is collected from the recruits. Typically no product is sold.
    The danger is that the last people to join will never get any money out because the structure eventually collapses. Better Living is not like that at all. Members buy a unit of 2,200 bids. That is a real product.
    The members then use their 2,200 bids to bid on real products on the auction site. Members can win items like Gucci purses, expensive cameras, I Pads, cell phones, etc. The Better Living auction site guarantees that no product will be sold for more then 50% of the retail price, so that in its self is a real bargain. Compare that to other penny auction sites. Better Living then shares 55% of its daily profits with the members. As a member I see daily profits accruing in my units. I can withdraw real money from my E wallet whenever I wish. So, I totally disagree that there is any ponzi scheme working here.

    Like Thierry, I was also a Zeek member. I had been in Zeek for about 10 months before it folded. Zeek was driven out of business, in my opinion, because members were forced to give away the bids they purchased and they were forced to post daily ads to bring in more members and attract people to the auction site. The attorney general of North Carolina, I believe, was the one to file the complaint that caused Zeek to close. Better Living has no requirements to give away your bids and has no requirements that you must try to bring in new members. You can join by purchasing a unit and then do no recruiting at all. You share in the daily profits just like any other member. Ponzi schemes need and require their members to bring in new members.

    Anyway, I am a member of BGM and I am very happy, looking forward to some serious growth as time passes.

    My advice to all of you is to get the real facts and stop guessing about what this opportunity is. Listen to the daily calls, buy one unit and they you get invited to the real training calls. That is the only way to find out what this opportunity actually is.

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    1. One thing I've noticed about people who invest in schemes--they're not really big picture people.

      Re: "product" - See above blog: "Of course Better-Living Global Marketing are telling their affiliates that these commission earnings are being paid out with Bidder's Paradise profits, which can be proven un-true." Aside from the fact that penny auctions are a ridiculous idea, everyone using bidder's paradise is an affiliate expecting >100% ROI. So, really no profit to be made on the penny auction side.

      You also seem to be a bit fuzzy on your definition of a Ponzi scheme. Many affiliates make money in a Ponzi scheme--sometimes for years. As long as new recruits keep coming in, everyone gets paid.

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  31. Ding Ding Ding... Leslie is a voice of Intelligence, You pay in with $1200.00 it goes into my pocket and it does not go to Hong Kong, I then transfer virtual money to set up the new account.. HOW THE HELL IS THIS NOT A PONZI DEALIO.. ITS LIES As To Its Profit Center.. So tell me again as to how this will play out?

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  32. Every Week A New Call With A New Problem With A New Excuse.. If growth is truly happening would we be making more money in profit sharing? Would we have a client services department? Would we be able to transfer our virtual money? THE ANSWER IS DUHHHHH

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  33. Hong Kong is now saying that wire transfers are 40 days out but will be getting faster... Who Cares At This Point Its All Dumb... I'm tired of all the drama, If any one does this just have fun with it and don't expect much or risk your rent money and please lets all stop with the lies and untrue nonsense.. "Be Honest"

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  34. Big Call Today From Hong Kong: YIP just more excuses with more getting better promises that most likely will not happen... Buying time and smoke and mirrors " SHOW ME DON'T LIE TO ME"
    FACTS ARE... They cant answer the phones, they cant process wire transfers, the buy in up front money does not go to the better living office as to pay for the bids as they call the profit point "auction" its all virtual money.. Carrot dangling and poor me excuses and bad business practices a "D" rating and I'm being nice

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  35. Sure you can call me or e mail me directly.. I have been studying better living starting around May of this year I put in around 7K and was told by my up line that I could trade and get cash as needed on request, this was so was not true..I don't know any one that is having a good transfer experience, email communication or call back.. I'm putting a transfer this week just as a way to track timing and drama level, the latest report is over 40 days.. YIKES

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  37. The hype runs strong with this "GOLDEN OPPORTUNITY" AKA "DRAMA MACHINE" with its weekly changes and its incredibly shrinking pay checks.. Sounds Like Dishonesty To Me, Taking Peoples Cash With Out Backing The Product Your Self Is Dishonest.. Hong Kong doesn't even back its own product: ( I could not honestly take someones money for this deal due to all its red flags, I would give away units but I sure wouldn't be able to sleep at night if cash changed hands..

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  39. No Sir. I'm in the game and I have a huge email fallowing, I am very honest and nothing but the truth is spoken here...

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  40. kctub & others, an intelligent debate please, just the facts.. & yes ya all can make some cash soooooo? .... Debate my facts & stop name calling & bullying..The facts are what they are.. This is a weekly change and re configuration deal enter at your own risk... Be Honest

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  41. Newest change is you can only use half of your virtual money and deposit real money to buy new units if you have less than 32 units.. So now my virtual money is not good enough for you?? THIS IS TRULY STUPID, IS A 6 YEAR OLD KID RUNNING THIS OR WHAT? oh ya and by the way our last transfer tracker is over 6 weeks YIKES!!

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    1. isn't the virtual $ real $?and why pick on the ppl under 32 there the ones fighting with the trust issues.They have such a good thing going here and now their messing it up! They are looking for more $ and they are going to members to get it! I Tried sending e mails to luke tang and B/L about ways to bring $ into B/P not generated from B/L.I came up with the idea to give the person that wins the bid the product for free.(B/L mem. still have to pay if they win) what does a person see when they go to bid at B/P? They see a bunch of nice stuff being bid on. Then you look closer and realize that the bids are going $10&$20 at a time and its not even close to the %50. Would you spend a $1 a bid against that if you were still going to have to pay for the product? not me! but would I burn some $1 bids if i could win it? Yes! Its not like its easy to win.I believe this would make B/P a household name here in the U.S and that would've meant big $ for the members of B/L

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    2. "isn't the virtual $ real $" - Not typically in a scheme like this.

      "They are looking for more $ and they are going to members to get it!" - Because they promised to "stop recruiting", and they don't do Internet marketing. All those payouts have to come from somewhere.

      "I Tried sending e mails to luke tang and B/L about ways to bring $ into B/P not generated from B/L" - Why are none of the current affiliates concerned about the fact that it's clearly a Ponzi?

      Delete
    3. Right now they are saying BLGM looks like a Ponzi. When BLGM soon closes to any new members the niesayers are going to have to come up with a new excuse to bash BLGM with.

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    4. They've been telling people they will "close to new members" since they started. It's always -- "when bidder's paradise opens up in Russia" or mainland China or [fill in country here]. The fact remains that Bidder's Paradise can NOT sustain the affiliate payouts. Full stop.

      Delete
  42. Rut Ro The Wheels Are Falling Off Of Our Golden Opportunity... The splash back is hitting home on facebook to our up line, looks like cut and run and blocking folks... Kinda Getting Crazy!!

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  43. JUST THE FACTS: # 1: Desperation & Sweating Due To Large Transfers Hitting The Better Living Office.. Why? Because new people are not buying in due to new dumb, stupid rules.. So the top achievers have to hit up the wire transfer to get cash and big cash,, THIS IS CALLED A RUN ON THE BANK.. Just Wait for the next big drama or excuse... I so, cant wait.. Lets recap they have already played the "Oh crap someone jacked my website card.. Oh oops my bad I miss judged the retirement account deal and now it has to be something that you cant spend.. Wire transfers that take forever due to what?? Is everyone taking crazy pills? Such drama has never had a happy ending ever, has it?????

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  44. Better Living is for sure a SCAM. I had requested a wire transfer since oct 10. Its Jan. 4th i still have not receive any money in my bank account. Its still showing PROCESSING on the blgm site. I email them almost once a week, NO ONE EVER REPLIED!!!! Mr Luke Teng who claims that he has integrity and humble and wants to help the poor is a BIG FAT LIAR!!!.. You should be ashame of yourself. You should pay up!!! Don't trust this company anymore. it is a big SCAM!!!. If any one claimed that they have received any money transfers either they are lying or they are the right hand of Mr Luke Teng. They are the ones that are getting paid. And they are the liars as well. They are keeping their mouth shut about it. So if you are good people you should fess up to your downline and be honest about this stupid company.
    Tell your downline that the company is closing and that it is a scam so we can stop having hope!!!!!

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    1. Jessica, has a standard opinion of this fine ponzi example aka golden opportunity.... Better Living really should just pull the plug, its looking and behaving very scandalous there is no life left and living on faults hope is not better living; (

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  45. I'm not sure if this is a hot up date or not? I have an e-mailer that has chimed in & is saying that BKGM was funded with family money or out side money & this is why that the plug has not been pulled and explains all the lies & excuses...

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  46. BLGM is funded with new investors. When it's hard to find new investors -- it's hard to pay out affiliates.

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  47. None of the start up buy in money here in Southern Ca. never went to Hong Kong, the hole game has been played out with virtual money..Its easy math Bidder against Bidder profit center with virtual money = (0) less costs = a total loss

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  48. The BLGM is turning into a epic joke.. Mr L.T. is looking like a circus clown jugging puppies wile riding a unicycle.. He is reportedly ducking e-mails & calls from some of the high ups... New investors are nearly gone and bad press is exploding all over the internet,, The last conference call was a sad performance by Gabriela & stating that we are totally not going to see any money any time soon..But "wow" phase 2 and 3 will be arriving eventually to save the day.. YIKES our golden opportunity has crashed and burned.... But they are still offering to sign folks up... Nice People How Do They Sleep?

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    1. Ryan,

      Your criticisms would be more effective if they were specific, and, you know, coherent.

      If you really are a burned "investor", you should immediately file an official complaint with the regulator in your jurisdiction. The only way BLGM faces justice is if one of the affiliates steps up to the right thing. Of course, when you do contact the authorities, you will still need to be specific...and coherent.

      Delete
    2. Leslie, I have a huge email following & again if your not in email circle you may not get it all... but thanks for the criticism..

      Delete
    3. So respond to your "huge email following" via email. Why are you addressing them via someone else's blog?

      I stand by my original assertion: file a complaint or consider yourself part of the problem. You are actively participating in a Ponzi scheme, and you seem to be fully aware of it.

      You seem to have a lot to say that is directed to your own followers (recruits?) -- maybe you should start your own blog.

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  50. YIP still a huge scam: ( NOT GETTING ANY BETTER!!....Np Cool Aid Drinker Debates?? Hummmmm

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    1. Maybe I missed it, but what's your reasoning for not filing a formal complaint?

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  51. BLGM GOOD NEWS BLAST THIS WEEKEND: BLGM claimed to be having a nearly solid partner signing party.. NOT a loan but a partner that will through down some cash to pay us all out & current.. To good to be true? “A Luke Teng Wish List”?
    “Sounds To Good To Be True” seems to be the companies mission statement…
    Our insider is claiming that its all made up “FABRICATED” due to good news is needed to offset all the bad news & stall out the threats of violence..
    Our insider is claiming that the FBI would like to have a meeting with Mr. Teng & he was reluctant to fly into Las Vegas a few weeks back.. If Luke has to pay us all strait to salve some issues its o.k. by me …
    Who really knows what real?? Only Time Will Tell!!

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