Have You Fallen Victim to the Better Living Global Marketing (BLGM) Scam?
If you (or someone you know) invested in Better Living Global Marketing (BLGM) and have not been able to withdraw your money you may be the victim of a scam.
I’ve done a little research and I may have found a way that might help you get your money back. But I must warn you, there are no guarantees and it will require a bit of hard work and persistence on the part of not just you but on that of many people.
I’ve also included a few tips at the end of this article that will help you identify and avoid getting ripped off in the future.
The first thing you should do is gather all of your documentation.
This should include cancelled checks, bank statements, credit card receipts; basically everything and anything you have that documents all financial transactions between you, the company, and your sponsor or recruiter. This should also include records of all correspondence between you, the company, and the recruiter. If you were part of a Facebook group chances are much of this documentation may be found on your group’s page (if it hasn’t already been shut down).
The next thing you should do is consult an attorney.
Preferably one who specializes in investments and fraud. You can find one online or via the yellow pages. The first thing an attorney can tell you is if you have a case. If you do, an attorney can help you file a claim with the right federal and/or state agency. An attorney can also advise you on what you need to do file a lawsuit against the person or persons who recruited you into the scam. An attorney can also let you know if you can claim some or all of your losses on your income tax return.
Although BLGM is under investigation in Hong Kong they are still operating here in the U.S. Some of the recruiters are still attempting to get new people to sign up. Some of the true believers are doing everything they can to encourage their followers to hold on to the hope that things will soon get better. One in particular is advising folks to deposit money into his bank accounts so he can cut through all the international wire transfer red tape to purchase units for you with the promise that all profits will be deposited into your “virtual wallet”.
That’s like me asking you to send me cash and I will buy some worthless thing called a “unit” and when other people send me cash I will put a dollar amount (your profit) into your “virtual wallet” and when you make a withdrawal request I will use delay tactics and excuses as to why I can’t honor your request hoping that you be patient and not file a complaint. In the mean time I will continue to rack up cash, fund a lavish life style and use every trick in the book to hide and protect my ill gotten assets for as long as possible. Oh, I will also hire a good lawyer who will say that this is a business investment that you invested in willfully and that you were well aware of the risks and that I am not liable for the losses you incurred by your foolish decision to send me money. A judge may disagree but this can end up getting tied up in litigation for months and even years.
But is anyone taking their BLGM complaints to the proper authorities (SEC, FTC, BBB, etc)? My research seems to indicate that the answer is no. But, until that happens in greater numbers, it will be very difficult for anyone to get their money back from BLGM. On the bright side (and honestly it’s not all that bright) it may be possible to get something back from the person or persons who recruited you.
Here are a few tips for avoiding scams in the future;
Always do an online search for reviews and/or complaints on the company. The easiest way to do this is to type the company name along with words like scam, reviews, and complaints. Here are a few examples of search terms that will allow you to properly evaluate a company (just replace “better living global marketing” or “blgm” with the name of the company you wish to review);
- better living global marketing reviews
- better living global marketing scam
- better living global marketing complaints
- blgm reviews
- blgm scam
- blgm complaints
The only problem with this method is that if the company is too new there may not be enough reviews or complaints. But there are usually a few red flags that should tell you that something is fishy.
Beware of phrases like “act now” and “limited time offer” and “supplies are limited” and watch out for those count down timers. These are all marketing gimmicks designed to create a sense of urgency.
Read your bank and credit card statements regularly. You may have cancelled that offer before the end of the free trial but chances are there was some small print that you either missed of misinterpreted.
In closing I’d like to leave you with an important quote from one of my readers that was the inspiration for this post;
Note: This article is not intended as legal advice. If you think that you may have a claim, you should consult with an attorney.
Have a question or comment? Leave it in the comment section below.
And thanks for stopping by!
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