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

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?

So a small business has to sell 100,000 of product to flexkom particpants, receiving a 10% discount, which is 5k to flexkom and 8% of that is 400 to recoup my initial 400 invested in the pos terminal as a KTM.

Does the KTM own the pos, or the GTM? What if it breaks, stolen etc.? Who is responsible? KTM, GTM, Flexkom, or the shop owner?

For a price, flexkom might do you the favor of insuring it. Ebcon can underwrite it.
(Hey this is a good idea. Maybe I ought to switch sides and work for corporate.)

Of course the GTM can also be a KTM thereby filtering even more money into Flexkom and out of the GTM.

Edit: Great post Ribshaw. Came in while I was typing. I didn't even think about the dumping of machines.