Global Business Club- Scam or Opportunity?
After 2 weeks for networking, I managed to contact one of the members of the Global Business Club, and he was happy to share with me more about the club. We met at Starbucks first, when he shared about his experiences.
A few points I noted:
- GBC has 4 physical offices in Singapore CBD area
- There are estimated 14 companies under the club, ranging from F&B to investments to fashion, even magic and events companies
- They have monthly events (on quite a grand scale too)
- Their members have discounts from the merchants under GBC (somewhat like mastercard)
Afterwards, I was brought to this auditorium (located about 3mins walk from Raffles Place MRT Station) along boat quay. Quite impressive and neat. And he claims that they can seat over 200 people.
In their seminar they mentioned about two companies and two countries that they are venturing into:
- Heulab (Singapore Tech company)
- TMD (China Tech Company)
- Bhutan
- Myanmar
All in all it seems that they too have quite the media presence, appearing on Straits Times, newpaper etc.
Will research on the 4 topics above before posting more comments.
Cheers!
Any updates? Is it legit?
ReplyDeleteUpdates?
ReplyDeleteStill active? Keen to find out if it is a scam or a good opportunity
ReplyDeleteHi Ben. Be assured that it's legit :) but whatever the case is. If after you decided to give it a shot and know not whom to approach, you can email me at dchia.cm@gmail.com
DeleteGBC is a 100% ponzi scheme on the highest luxurious level. You can see groups of them holding meetings near Vivocity starbucks or renting out Marina Bay suites (using their 'downline's money) to get prospects to come and sign up with them. I wouldnt be surprised if the author here is already in GBC trying to show off what GBC 'has' plus deleting negative comments.
ReplyDeleteIn short, the people are the top of GBC are the Ray brothers who also founded CuffzHoldings now. They will brag about their shares in IPO and water purification in PurHeart but you must realize the history of GBC/CuffzHoldings that they will promise you great things, but their history always show that they will pull off the project half-way through so they can keep the investor's money.
Lately, they are adamant on investing in silver and constructing the 'Islandia resort'. If you do invest in their silver trading, you will get back 25% of your money first, before your money will be stuck inside an account and cannot withdraw it out until you find more people.
Islandia resort is published in the papers, yes, but the resort isnt even built yet and they are asking people to invest 45,000 USD for their personal villa. Chances are that they will pull off this project with their 'reasons' and take their money.
Lastly, if you do see friends travelling the world holding a LV purse and rolex watches, dont be fooled. It's their main rule to dress up super smart to manipulate others that they have achieved success. Dont ever ever join GBC for your sake, run away quickly.
Whether this "club" / company is suspicious , it ultimately falls onto their results and their ability to deliver.
ReplyDeleteEven trusted financial companies have been accused of being a scam or called as such when they failed to deliver their promises.
Personally , i invested a modest " test " amount of 10K and i quite expected to never see that money come to light again.
To my surprise , they consistently given back my initial capital plus profits , hence , i do not quite understand why is there is so much negativity when their results proved the latter.
Moreover, a word of advice , it is very easy to land on the MAS alert list where two of my friends's personal company start-ups have recently landed on that list.
Ultimately , it depends on yourself to decide but always be open as openness begets opportunity.
To Davidson , what is wrong with seeing your friends travel with branded goods ? As long as that money is also used to help friends and family , i do not see an issue.