Thread: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

I suspect they are trying to cover themselves by pre-loading $2 on 1000 apps giving the illusion of $2000 worth of product. Of course this is in virtual flexmoney which is useless without a place to spend it.

Char - maybe so. But, Koscot had cosmetics and we now know that was ruled to be an illegal program. Plus, the $2 on 1000 apps is a bit misleading as the end user must purchase $100 through the Flexkom System before they can actually get access to the $2. I believe this point has been made previously on this board.

Originally Posted by Char

I suspect they are trying to cover themselves by pre-loading $2 on 1000 apps giving the illusion of $2000 worth of product. Of course this is in virtual flexmoney which is useless without a place to spend it.

At least the promoters are making it easy for the regulators by putting ALL OF THE PYRAMID EVIDENCE online for ALL TO SEE with webinars, google handouts and youtube videos. In their own words, Flexkom Promoters are getting paid to sponsor others, which is illegal in most states.

It will be easy for the regulators to find out who is responsible if they decide the pursue regulatory action. If not, there will just be a lot of reputations ruined and money lost by the participants.

Originally Posted by MLM Broken Model

Char - maybe so. But, Koscot had cosmetics and we now know that was ruled to be an illegal program. Plus, the $2 on 1000 apps is a bit misleading as the end user must purchase $100 through the Flexkom System before they can actually get access to the $2. I believe this point has been made previously on this board.


At least the promoters are making it easy for the regulators by putting ALL OF THE PYRAMID EVIDENCE online for ALL TO SEE with webinars, google handouts and youtube videos. In their own words, Flexkom Promoters are getting paid to sponsor others, which is illegal in most states.

It will be easy for the regulators to find out who is responsible if they decide the pursue regulatory action. If not, there will just be a lot of reputations ruined and money lost by the participants.

My fault for not elaborating on my thought process enough. Let me throw this out there and see what you guys think. This is a collective effort by us all:)

Flexkom is, and always was a scam - It was born that way and one must get into that thought process.

The $2 Flexmoney will never be real. The earning of the extra flexmoney to access it is there only to look more legit - They will never get that far!!! Flexkom will try to justify paying commissions to the SEC by putting a value of $2000 on cards AND CALLING THEM CUSTOMERS. A CARD OR AN APP IS CONSIDERED A QUALIFYING CUSTOMER BY Flexkom VALUED AT $2. This is key to the whole scam and shuffling of money.

In some ways, those of you familiar with Banners Broker will see a similarity between "traffic" and "customers" here. You could buy traffic that never existed to qualify banners, and here you can buy customers that don't exist. In fact, as stated in their comp plan, you can EITHER sign up three GTMs OR have 10,000 customers to get to the next level. You will also note this language, "TM receives 5% commission on the turnover of a directly connected TM and FlexKobi/Card turnover". This directly from Flexkom.

IMHO, Discussion of machines, shops, etc. should only be viewed as SECONDARY. In fact, I believe scammers want debate of the product as a diversion. They do need some sort of product to pull of the ruse to convince people but it stops there as they can only go so far with inferior technology/web surfing/vitamins/juices. That's where the debunking of the mechanisms come into play, but it's a minor roll if you remember this started as a scam.

Do the leaders have a history?!! Promises of wealth? You pay them? And recruit? ALL YES, so what more do people need to know!!!!!!

I must say I give them an "A" for effort in showmanship.

Originally Posted by Char

Let me throw this out there and see what you guys think. This is a collective effort by us all:)

Flexkom is, and always was a scam - It was born that way and one must get into that thought process.

It never ceases to amaze me the things that people here are able to dig up. From a tracking scams point it makes it a fun read.

So many of these things that are recruiting based blow themselves out via saturation. 7-11 or TacoBell might be great businesses, but not if there is one on every corner. The other thing is most credible franchises screen their owner/operators for things like prior felonies and a good fit, not just a checkbook and a dream.

With FK, not only do they massively over recruit, use leadership with a very dubious backgrounds, the cherry on top is a product so far is smoke and mirrors.

Capture1.jpg

This is just too funny but at the same time does support my theory suggested above in post #837. The only thing the attorneys don't address is, what if there never turns out to be any merchants with a full working system? Then what does it make it?

http://thefutureofbusinessintheuk.co...FlexKom_EN.pdf

Snippets:

A significant characteristic for the system to be legitimate is first that the sales partner receives
a value in exchange for his or her initial investment. The FlexKom system provides the sales
partner a real value in form of personalized QR code apps. Each of these apps contains 2
FlexMoneys, which have a real value of € 2.00 and can be used for purchases at respective
stores and in addition, they can be used to make free phone calls.

If starting with the E-BIZ kit for €199.00, the sales partner receives 100 QR code apps worth €
200.00. If starting as Junior Team Member for € 399.00, the sales partner receives apps worth
€ 600.00 and as Business Team Member for € 799.00; the sales partner receives apps worth
€ 1,000.00. Finally, if the sales partner starts as Global Team Member and pays € 1,490.00,
he or she receives apps worth € 2,000.00.

Therefore, the sales partner receives real value in exchange for his or her initial investment.

Experience from Turkey proves that the sales partner receives a monthly commission of approx. € 3,000 on 10,000 card owners. A
total of 93% of the sales and commissions come from sales generated through the use of apps
and cars and only 7% of commissions are generated by the development of the distribution
system. Therefore, the distribution system focuses clearly on marketing cards or apps and not on the
recruitment of new sales partners. [Oh really?]

Conclusion:
Therefore, the FlexKom marketing plan is not a multi-level marketing scheme but a legal sales
system under the illustrated requirements.

With kind regards,


Stephan R. Schulenberg LL.M. Eur
Attorney



(Before the mom even knows the cake has been eaten, the son comes up to her and gives her a note smeared with icing that says, "Mom I swear, I didn't eat the cake")

60,000 views!

Can anyone explain what the KTM Kobi Team Member is all about?

Originally Posted by Char

60,000 views!

Can anyone explain what the KTM Kobi Team Member is all about?

Originally Posted by Char

I suspect they are trying to cover themselves by pre-loading $2 on 1000 apps giving the illusion of $2000 worth of product. Of course this is in virtual flexmoney which is useless without a place to spend it.

These 2 bucks only get activated when someone has saved 200 flexmoneys. So it is not worth anything really.


In other news;

The Country Manager of the Netherlands announced last week that as of now, the Netherlands is the first country worldwide to have the cash loop with the POS4S working. The Netherlands now has 1 store that has a fully operational Flexkom system in it. Allthough any evidence of this one store is missing, that would mean that all the youtube video's on the stores in Leipzig, Turkey, USA, Austria are fake. The systems showed in these video's are not really working. They are just demos, not an operational system. Most of us already knew this, but now it's confirmed by the Country Manager of Flexkom in the Netherlands.

You can read his letter here. It is in Dutch so you'd need to use Google Translate:
http://wouterhol.nl/het-piramidespel.../#comment-5791

Originally Posted by freighttrain

The Country Manager of the Netherlands announced last week that as of now, the Netherlands is the first country worldwide to have the cash loop with the POS4S working.

What is "the cash loop" ?

Originally Posted by freighttrain

In other news;

The Country Manager of the Netherlands ....

You can read his letter here. It is in Dutch so you'd need to use Google Translate:
Wouter Hol – Het piramidespel van Flexkom?

er, when I went to that link, and let Google Translate do its work, this is what it said:

Update: Flexkom actually proved to be a pyramid scheme. Promises does Flexkom still not true, and they are a bit all over excuses. Hundreds of people have paid money to be angry Flexkom resigned and many of them have their apologized to me because they had not responded all very neatly on my blog. Read the bottom of this blog more updates.

Originally Posted by Stewart

What is "the cash loop" ?

The the ability to pay in FlexMoneys is what Flexkom calls "the cash loop". On previous setups, this was not possible. The setup only allowed to pay in dollars/euro's to the merchant and then separately save Flexmoneys via the POS4S. Flexkom explained this as that there was a problem with said "cash loop".

I am still not sure if this cash loop is working, as it has just turned out that the one store in the Netherlands is actually a webshop, located in a residential area with no physical store. Also, this webshop appears to be in violation of Dutch law, as the shop does not provide a secure checkout and has not got its terms and conditions (easily) accessible on the website. In fact, I couldn't even find this document. Dutch law requires a webshop to have its terms and conditions readily available on the website. And ofcourse the owner of the webshop turned out to be a Flexkom sales rep. So we might just have been fooled by the country manager of the Netherlands.

Originally Posted by Stewart

er, when I went to that link, and let Google Translate do its work, this is what it said:

That's what the actual blog says. The author of the blog concluded this after several hundreds of Dutch sales reps quit Flexkom. Up to a hundred of these sales reps are now preparing a lawsuit against Flexkom, according to that blog.

But I was referring to one of the comments. If you click the link, it should jump to the comment including the letter of the Dutch country manager.