Have You Fallen Victim to the Better Living Global Marketing (BLGM) Scam?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.

Click here to find out who to contact if you fall victim to a scam or fraud.

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;

blgm scam

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!


 

RC Bonay

 

9 Responses to How to Get Your Money Back From BLGM

  1. bruce willett says:

    BLGM maintains they had a June27-28 2015 convention in Sweden which ignited near wild positive enthusiasm…
    ???????

  2. Bill Newell says:

    I have heard that some people are starting or trying to start a Class_Action suit against BLGM
    If so I would like to join in. so if you know people who are interested, let me know.

    Thanks,

    Bill

  3. Bill Jones says:

    Many people have been scammed by Lucrazon. I came across a well put together latino webpage today that has started registering people from the latin community that were scammed by Lucrazon Global. Lucrazon Global even held an event with Latino community leaders to draw more of them in! I was personally scammed with more than a 17 people that I know. Lost thousands and thousands!

    Bill

  4. Leslie says:

    Nice job! It’s worth noting that BLGM is a scam because its income is made through affiliates, not retail income from Bidder’s Paradise (BP8.hk is a special black hole of its very own). It’s not a scam just when it stops paying–it was a scam by its very design…even when people were making money.

    The other thing is that I sense there are scams a-brewin’ to join spurious, non-specific “legal action”. My suspicion is that someone is asking people to send him funds or “join him” on some kind of legal action that may or may not be taking place, and, if it is actually taking place, may not be the appropriate venue or filed correctly. Do NOT send anyone money to start civil actions on your behalf–make sure you do your own research and find your own consultants. If you do take a group of affiliates to an attorney, you should either ALL go or ALL have contact with the fraud specialist or securities attorney. No one should trust another affiliate to undertake this on their behalf. Remember: you were all affiliates in a Ponzi scheme, so keep your guard up. Plus, finding an attorney is not an easy task. The Ponzi schemes all have attorneys too.

    I would urge any affiliates there may be in Massachusetts to go their state SEC, which has been ahead of the federal SEC on several Ponzi schemes just this year.

    Last point: If there were to be a one-time payout or any further payouts, affiliates should know that anyone who MAKES MONEY on BLGM could be subject to clawbacks when the SEC finally comes around. Telexfree is not quite the same as BLGM, but it’s worth reading how that case is progressing for anyone interested in what might happen when the SEC shuts down BLGM.

    I *highly* recommend looking up any potential MLM investment on Behindmlm.com. Oz does an in-depth analysis and is quick to side-step marketing jargon in favor of looking at the actual business plan.

    • Roland Bonay says:

      Thanks Leslie! I also recommend Behindmlm.com. It’s one of the best resources I use when I’m doing my research.

      Speaking of research, I’ve learned that BLGM was very popular in large immigrant communities. I don’t think many people from those communities will be willing and/or able to file charges against BLGM.

      I like how you said, “It’s not a scam just when it stops paying–it was a scam by its very design…even when people were making money.” It amazes me that honest people will lose sight of this and only realize they’ve been had when it’s too late. If only more people would learn to recognize the warning signs of a scam.

      • Leslie says:

        “Speaking of research, I’ve learned that BLGM was very popular in large immigrant communities. I don’t think many people from those communities will be willing and/or able to file charges against BLGM.”

        I noticed that too. I suspect that more than not wanting to navigate the justice system, there’s a certain amount of disbelief in some communities that the person who recruited them would have gotten them involved in a scam. I think sometimes if an early investor has connections in a particular ethnic community–particularly if there is a religious connection–they might exploit an inherent trust that exists in that community. It could explain why Lucrazon, BLGM, WCM777 all seemed to tap into the SAME immigrant communities–literally even the same people. I suspect they’re largely all being recruited by the same leaders who share a similar ethnic and/or religious background as their downlines. It might be harder for an affiliate to believe that what they are doing is wrong if they’re getting all their information from someone they trust.

        I also have a theory that certain Ponzis target immigrant communities because they want the people living in the U.S. to recruit friends and family in their home countries. It’s how Ponzis that start in the U.S. spread the scheme–like a pandemic–to countries where it might be more difficult to shut down. (Ironically, this backfired on WCM777.) Also, I think it’s an insurance plan in case the scheme gets shut down in the U.S., the leaders can tell people that the scheme is going strong in [name country here]. It’s just an unsubstantiated theory that might be giving these Ponzi pimps credit for more wiles than they have.

        • Roland Bonay says:

          “It could explain why Lucrazon, BLGM, WCM777 all seemed to tap into the SAME immigrant communities–literally even the same people.”

          excerpt from SEC press release;

          SEC Halts Pyramid Scheme Targeting Asian and Latino Communities
          FOR IMMEDIATE RELEASE
          2014-60 Washington D.C., March 28, 2014 — The Securities and Exchange Commission today announced charges and asset freezes against the operators of a worldwide pyramid scheme targeting Asian and Latino communities in the U.S. and abroad…

          …The court has granted the SEC’s request for an asset freeze and the appointment of a temporary receiver over the assets of WCM, WCM777, and several other entities named as relief defendants for the purpose of recovering money from the scheme in their possession.

          “Xu and his entities claimed they were using investor funds to build a strong cloud services company that would then ignite other high-tech companies and ultimately make their investors very wealthy,” said Michele Wein Layne, director of the SEC’s Los Angeles Regional Office. “In reality, they were operating a pyramid scheme that preyed on investors in particular ethnic communities, leaving them with nothing left to show for their investment.”

          BLGM uses the exact same model. It’s just a matter of time before it back fires on them too. P.S. Your theory, while unsubstantiated, is certainly plausible.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Set your Twitter account name in your settings to use the TwitterBar Section.