MBI International Review: Recruitment & GRC units
Before we get started, I have to clarify that MBI International the MLM opportunity do not operate from “mbiinternational.com”. This appears to be an unrelated entity.
MBI International the MLM opportunity operate from “mbiv2u.com” and are the subject of this review.
MBI International launched in 2009 and is headed up by Tedy Teow (right).
As per Teow’s MBI International corporate bio;
More than 30 years of marketing experience. Lightened up his life, and everyone else too.
He was unwilling to be ordinary that makes him dare to face any new challenges and set up MBI International Group in 2009.
Possibly due to language barriers (MBI International are based out of Malaysia), I was unable to put together an MLM history on Teow.
Earlier this year it appears $2.3 million USD of MBI International funds was seized in Thailand.
Authorities seized foreign currencies worth more than 83 million baht from a leading foreign company in Songkhla’s Sadao district during a crackdown on foreign mafia gangs yesterday.
A combined team of authorities yesterday raided MBI Group, in tambon Samnaktham of Sadao district, said the Special Task Force’s chief Col Paisan Nusung who led the crackdown yesterday.
An initial investigation also found the MBI Group has many subsidiary companies and was suspected of carrying out money laundering activities, police said.
The company has run six hotels, nine apartments, two resorts and several tourist spots including animal farms in Sadao district, with an investment value of 2 billion baht, according to police.
An article in Thai from MRG Online has some additional information and photos.
Read on for a full review of the MBI International MLM opportunity.
The MBI International Product Line
MBI International has no retailable products or services, with affiliates only able to market MBI International affiliate membership itself.
The MBI International website does feature some fifteen “subsidiary” companies, however these don’t appear to have anything to do with the MBI International MLM opportunity.
The MBI International Compensation Plan
The MBI International compensation plan sees affiliate purchase packages, with commissions paid when they recruit others who do the same.
MBI International also pay ROIs through a points-based investment scheme.
Recruitment Commissions
MBI International affiliates are directly paid to recruit new affiliates.
Direct recruitment commissions are paid out as a percentage of funds new MBI International affiliates spend on their affiliate package.
How much of a percentage is paid out is determined by which package the recruiting affiliate signed up with:
- $100 and $200 packages = 6% recruitment commission
- $500 package = 7% recruitment commission
- $1000 package = 8% recruitment commission
- $2000 package = 9% recruitment commission
- $5000 package = 10% recruitment commission
Residual Recruitment Commissions (binary)
The first type of residual recruitment commissions MBI International pay out are binary commissions.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
These initial two positions form the start of both sides, with the second level of the binary team generated by splitting each of the two positions into another two positions each.
In this manner each subsequent level of the binary team houses double the number of positions in the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates.
Commissions are paid out as positions in the binary are filled, using a 1:1 pairing ratio.
Each affiliate package has a corresponding Business Volume (BV) attached to it. The BV is equal to the amount of money spent on an affiliate package.
Eg. The $500 package generates 500 BV.
At the end of each day, MBI International tally up BV generated on both sides of the binary, with affiliates paid a percentage of volume matched on either side.
How much of a percentage is paid out is determined by how much an MBI International affiliate spent on their membership:
- $100 package = 6% commission (capped at $100 a day)
- $200 package = 6% commission (capped at $200 a day)
- $500 package = 7% commission (capped at $500 a day)
- $1000 package = 8% commission (capped at $1000 a day)
- $2000 package = 9% commission (capped at $2000 a day)
- $5000 package = 10% commission (capped at $5000 a day)
Recruitment Commissions (unilevel)
The second type of residual recruitment commission MBI International pay out are unilevel commissions.
A binary compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Commissions are paid out as a percentage of membership fees paid by affiliates recruited into the unilevel team.
MBI International cap payable unilevel levels at six, with how many levels an affiliate can earn on determined by how much they spent on their membership:
- $100 package = 4% on level 1 (personally recruited affiliates)
- $200 package = 4% on levels 1 and 2
- $500 package = 4% on levels 1 to 3
- $1000 package = 4% on levels 1 to 4
- $2000 package = 4% on levels 1 to 5
- $5000 package = 4% on levels 1 to 6
Point-based ROIs
MBI International offer affiliates investment in what they call “Game Redemption Credits” (GRC).
GRC is acquired based on how much an MBI International affiliate spends on their membership:
- $1000 = 560 GRCs
- $2000 = 1160 GRCs
- $5000 = 3000 GRCs
MBI International affiliates also appear able to invest an additional $35,000 into points:
- $15,000 investment = 9000 GRCs
- $35,000 investment = 21,000 GRCs
MBI International set a price for each point, with affiliates then converting their GRCs into “units” based on this price.
A split mechanic exists where affiliates are able to double their GRC point-balance before they convert them into units.
Once converted, MBI International adjust the price of units over time. Affiliates are purportedly able to sell the units back to the company at the current price.
Joining MBI International
Affiliate membership with MBI International is tied to the purchase of an MBI International affiliate package:
- $100 package
- $200 package
- $500 package
- $1000 package
- $2000 package
- $5000 package
The primary difference between the above packages is income potential through the MBI International compensation plan.
Conclusion
There’s a lot of pizazz on the MBI International website but not much substance.
The ruse appears to be feigned success through a bunch of possibly unrelated companies, whereas as an MLM opportunity all MBI International offer is chain-recruitment and Ponzi investment.
How much an MBI International affiliate spends on their membership dictates their earning potential. This is “pay to play” and usually a calling card of pyramid schemes.
After they’ve signed up, MBI International affiliates earn commissions by recruiting new affiliates. This is chain-recruitment and most definitely a pyramid scheme.
The second income stream is GRC Ponzi points. Affiliates receive points, which they can double via “splitting”, and cash them out based on a point-value set by MBI International.
There doesn’t appear to be anything specifically pegged to the value of GRC points, however how much affiliates can withdraw is obviously dictated by affiliate recruitment (the rate of new funds entering the scheme).
The mention of subsidiary companies on the MBI International website is intended to create the illusion of a link between the companies and the GRC unit price. There’s no substance to this subtext however, with there being no supporting evidence provided on the MBI International website linking the two metrics.
Logically if MBI International’s subsidiaries were successful companies in their own right, there’d be no need to solicit affiliate investment.
As with all pyramid schemes, once recruitment of new MBI International affiliates dies off, so too will commissions paid out. Issued units will probably continue to increase in value, however affiliates will likely discover issues upon trying to convert the units into real money.
Any difficult would signal an imminent collapse, with mathematics dictating that the majority of MBI International affiliates stand to lose money.
The translations are doing my head in and I’m not 100% sure, so I’m adding this as supplemental information for now.
Back in 2011 a father-son duo were jailed for 1 day and fined $39,000 over the Red Island Cafe scam.
This article in Malaysian has a photo of Teow Wooi Huat arrested (his name is totally different in Chinese) – guangming.com.my/node/67653
I’ve also seen Teow’s name translated differently on a number of news reports, so I wasn’t sure.
Here’s material that suggests it’s the same Teow –
alantanblog.com/scam/directors-of-island-red-cafe-was-fined-and-jailed-for-rm1-million-fraud/#comment-16974
kemayixian.com/wlcx/2015/25392.html
Sounds like Malaysia went way too easy on Teow and he’s been back at it since 2014…
MBI is also known as MFace, and may have predated UFUN, according to JusticeAlwaysLate. They also floated a M-Coin, among other stuff. JAL has a long file on them.
MFace sounds familiar. Probably ran into while covering uFun.
So basically another Malaysian Ponzi scheme Malaysian authorities are doing nothing about…
So much has been mentioned about MFace running an illegal investment scheme which is a scam. Somehow this scam has been going on for 8 years.
I just don’t understand how they could have operated for 8 years running an illegal investment without having the license to do so.
Bank Negara M’sia and PDRM and SSM are not even lifting thier fingers to investigate this company. Sounds fishy isn’t it.
Thai anti money laudering dept has raided MBI’s hotel in Songkhla earlier this year. But what happened after the raid? No further news was heard about it.
I was told that there was an article published in Sin Chew saying that the siezed money does not belongs to MBI but to someone a guest who resided in the hotel. Fishy isn’t it.
No more news on this issue even I tried searchin on the web for latest news.
To me anything illegal is illegal and it involves both ‘white’ and ‘black’ parties. This is totally dirty in my opinion.
I also know that the recruitment is very strong reasons for them being sustainable for 8 years now. They have so many properties in Thailand and also in M’sia.
How can a illegal business being made so legal.
BTW, Mizan and ex inspector general of royal Msia police Tan Sri Hj Musa is somehow linked to MBI. I hope if anyone has any new updates regards to the money laundering case in Songkhla kindly share with us.
They have expanded to many countries including Australia and some people seem to be making quite a lot of money.
Maybe this whole thing is a laundry operation for Asian mafias. How is it possible they are still sustaining this thing otherwise.
We should appreciate opportunity to make money while not hurting people. because these people have better vision with their idea.
jus like now people use dating site to earn membership. uber n grab also earn from being an apps that does not own their own car.
If the cops can’t do perform what make us say they are wrong.if the company can sustain we need to give credit for their skill j expertise.
Which is the opposite of what scams like MBI International are.
Out of sight doesn’t negate the financial losses your victims will ultimately suffer.
Hi,
Im just wondering if anyone here is or was a member of MBI, This company appears to be doing very well. Does anyone who has commented here know someone that has lost money or products dealing with MBI?
It appears also that the company is creating a lot of jobs in Thailand with the resort and fun parks.
Can anyone give me any facts about the company?
Sure. You pay a fee and get paid to recruit others who pay a fee.
MBI International is a pyramid scheme.
There seems to be a lot of opinions but no facts. The description of a pyramid scheme is pretty much every companies structure.
Does anyone here actually (Ozedit: Offtopic derail attempts removed)
this^^comment shows you have no idea what pyramid schemes are. educate yourself a bit instead of commenting on other people’s expertise.
according to this review MBI international is a pyramid scheme.
what other facts are you after?
just because australia or any other country has not shut down a scam doesn’t make a scam legal.
Between the site owner and commenters, there is a wide range of experience, expertise…..and temperament. 😉
Well run ponzis and pyramid scams often don’t have people that actually lose money or know they have lost money until it’s too late.
Even if they do, most never step forward.
Your “pyramid scheme is pretty much every companies structure” comment is typical pro-MLM speak and lacks substance. Similar in shape, sure. But far different in how they actually work.
The only facts most members ever truly get is whether a scheme is still paying or not.
The only thing we can do is analyze the compensation plan and products (or lack thereof) and form opinions.
As anjali mentioned, the fact that it hasn’t been shut down yet doesn’t make it legal. Scams can run for years.
All you can do is make your own decisions based on what you read and on your own moral compass.
There’s your first mistake.
You’re comparing a pyramid “SCHEME” to a pyramid “SHAPED BUSINESS STRUCTURE”.
Fact: MBI pays recruitment commissions and is a pyramid scheme.
False.
Mate, you want to disagree with the facts, that’s fine. Just don’t expect anyone to take you seriously.
I got a local article on that MBI Taiwan affiliate was raided by police in Aug this year who seized TW$240m (US7m) cash,a few expensive cars, watches etc from the office and house of suspects.
appledaily.com.tw/realtimenews/article/new/20160805/922527 refers
I cannot get more details as I cannot read Chinese. Perhaps somebody can help?
Thanks for catching that. Leave it with me, I’ll have an article up later today.
Quick translation:
Gaming platform is an illegal investment, Taichung Prosecutor’s office broke a international financial fraud case, believed to have involved 10 billion NTD (316 million USD). Authorities raided multiple business locations and residences and recovered 2.4 billion NTD in cash, 10 Rolex watches, 10 million in business gift certs, 7 luxury and exotic cars, and another 2 billion in real estate.
17 suspects were charged with violations of “banking act”, including “Au-Ci-Fang Group” Leader Mr. Wong, TongMing Company Leader Mr. Dai, speaker Mr. Xu, Sansui Company Exec Assistant Mr. Zhou were remanded to custody.
TBI (Taiwan Bureau of Investigation) Central Group have received multiple reports since 2013 that Au-Ci-Fan Group had been conducting investment seminars in Taipei, Taoyuan, Taichung, etc. encouraging people to invest in MFC Club, a part of Malaysian MBI Group. Investors just need to put money into the website GRC Gaming platform, and can earn GRC Gaming Coins, and cannot lose money.
Under prosecutors Li and Lin’s guidance, 14 groups fanned out across Taiwan, and raided TongMing Company AuCiFan company, Sansui coampny, and FortuneSecret company, as well as residences of Mr. Dai and more. Cash in the amount of 2.45 billion was retrieved, and 20+ people were brought in for questioning.
Prosecutors pointed out that this illegal investment scheme calimed that as long as people put in 100 to 5000 USD into GRC gaming platform, investors will be able to keep their coins and coins will multiply. As long as investment hit 1000 USD, every 6 months there will be 50% gain guaranteed, and in 54 months, 1000 will become 38443 dollars.
Furthermore, Mr. Dai collaborated with Sansui company to issue M-card, so investors can convert their “profit” into M-points, then those can be spent in certain shops or traded for vacations, gift certs, cars, and so on.
In June (2016) company claimed to have conducted a GRC Carnival in Gaoxiong’s YiDa Convention Center, to create false impression that the investment is legal, hot, and profitable. They claimed that during 2 days of the carnival 3 billion M-points were traded (1 point = 1 NTD) and it was a scam.
Prosecutors believe that there were over 1000 victims in Taiwan who lost about 10 billion NTD, and this was the largest financial fraud in Taiwan since the new laws about money seizures had passed.
Thank you for your translation!
MBI International, Any connection with Monspace Sdn Bhd? Im invest almost half million in it..
Most of the msg about MBI international TOTALLY NOT COMPLETE.Before criticize any company do pls get the exact information.
I am with company almost 5 years. I dont see ROI, BINARY OR PYRAMID SCHEME.
@Goldburg
Might be time to visit an optometrist then, it’s right there in the MBI compensation plan.
What, MBI International’s compensation plan isn’t complete? Ponzi scammer fail.
I think this scam is falling apart and soon many people will lose all their money.
This scam had been going on for years and people’s start to believe it’ll stay, how pathetic.
When it burst it’ll be bigger than Genneva Gold Scam. Many had invested and making good money… but every evil scam will come to an end.
Its can go on for so long probably because it base in Malaysia, even China is clamping down hard on this. Why the Malaysian police inaction is everyone guesses.
I am currently now a victim, because almost half of my family members such as aunts, my parents and younger siblings are interested and now part of this. From my mother’s point of view as a parent, she thinks she is doing the right thing by asking me to be part of it.
Even after all the research i made, reading news and articles telling them that i am not interested in this, telling them what i learnt about and telling them i’m “slowly” accepting it just to make them shut up, they still insist on me coughing out some of my money.
I know that she is doing this because she cares, but she should know that I am allowed to make my own decision to not be part of this scheme.
Instead she says i’m not being an open minded person, which is very saddening because i expected them to know better and have better knowledge in term of finances as they are successful insurance agents.
Recently without my consent, she made me part of the mfc club. Tbh i felt violated, even by my mother because i specifically told her i am not interested and not ready to be part of it but she insisted me to try because they see growth and they see potential.
According to them, they have made their own “research” however i do not understand why they would still want to be part of it.
They believed that the founder is a changed man, but i do not because things like this is not easy to change because their intention is and will always be getting filthy rich. Therefore i have no choice but to “play along”. *shit is killing me*
I do hope there will be more updates on this issue, because i think my country where corruption is so common that businesses like this will never be caught easily because they can just buy it off and hire people who have connections to protect them.
Companies like this are just taking advantage by milking the citizens because of their lack of knowledge on these schemes.
Thank you behindmlm for showing this. =)
Sorry to hear about your predicament. Out of curiosity though, how does your mother have access to your finances?
She used her own, but put it under my name.
Ah, so she didn’t really invest for you.
She just wanted to invest more under another account to collect the referral commission. Easier to create a bogus account under her son’s name than to convince someone else to let her use their name.
Nothing for it but to hope she doesn’t ruin your family’s name by trying to recruit too many relatives/friends.
I am amazed how the Mface, clearly a Ponzi scheme could run for 8 years violating all the investment, exchange control laws of the country.
Has there been any investigation by authorities such as Bank Negara? Ministry of Finance? Bursa Malaysia? Income Tax Dept? Police? etc etc
Hope action would be taken quickly to stop them to prevent further hemorrhage of many naive people trapped in it.
I had many friends who were swindled by Genneva Gold scam. Now many of my friend are on Mface. These people would not believe that it is a scam and enjoying counting their money inflow joyously everyday.
@Chanal
Malaysia is pretty slack on Ponzi schemes (the uFun Club disaster illustrates the problem well).
Their official regulatory stance appears to be “don’t ask, don’t tell” for the most part.
I had invested lots to Mface, $40,000 since this year. Does anyone know sitations in Japan? Mface told 100,000 pepole in Japan. And there is 5-6 big groups.
In Jan., arrested in Thailand. Please tell us situation after that!
In Aug., arrested in Taiwan. How about today’s sitation?
I have heard that currently, arrested in Hong Kong. How is sitation??
Please teach me, thank you.
^^ If you’re no longer getting paid, I think you already know the “situation”.
Hello, how about in Korea? Leader would be named, Yu?! How is current situiation?
No idea, you’d have to ask someone who speaks Korean to do some research for you.
I suspect the severely corrupted system may be their key to continue their run in Malaysia.
No point in doing any research and know what is happening other countries. Take your money back as much as possible and stay away is my advice.
Malaysia can still carry on because top politicians are in it. I bet.
Last month I was introduced by my son’s friend who asked me to invest in 7 lots of usd 5,000 package which he claimed will have a return of Rm1,000,000 plus in one and half years time.
I have friends who invested 3 years ago n their feed back is although they cant exchange their points for cash due to points being expired but are happy to be able to exchange for goods in their newly opened mall in Penang.
I just read all the comments above and it definitely put a brake for investing for now.
Hi everyone. I’m joined Mface since March 2015 with a capitals of $2000 & $5000 account. But honestly I’ve get back all my capitals without introduce this plan to a single friends and family member.
I’m never introduce to any people because I’m feel it’s a high risk investment. I scare if they invested in and losing money will blame on me. So rather don’t.
Any investment has a risk. High risk high return. But so far I’m still satisfied with it since I’ve take back my capital and every month have extra income for me.
Invest with your own risk
I don’t know why the Bank Negara never takes action on Mface so far. We have many government departments to monitor the scam activities but they overlook.
For the sake of the people, we must stop this kind of scam activities. The more people believe, the more people will lose in the near future.
If Mface is legal, why not Bank Negara encourages us to invest. We don’t need to work anymore and waiting for the money to come in.
No point to study and work too. Our government can invest all the EPF into Mface and have good return.
Hey Everyone,
you have not created any account or involved with MBI and are speculating negatively. I would suggest if you have nothing better to do perhaps you would like to pick up the book namely “Mind your own Business” and ‘One’s negativity’.
I was reading the above comments with great disappointment.
Speculation my ass. MBI’s business model is Ponzi points. And you don’t need to join a scam to spot one.
The only people who would be disappointed by a review calling out a Ponzi scheme would be scammers trying to promote it. Here’s a tissue.
MBI, i know friends involved with MBI that get good Money out of this and that have made more Money than what they invested to begin with….
Therefore i believe that this Review about MBI is just Bullshit.
@seanB
Whether your friends have successfully scammed people or not doesn’t change MBI Internationa’s business model.
It’s a Ponzi scheme and your “friends” have simply stolen money from people who joined after them. Sounds like you hang out with a swell bunch of people.
My mom was in the morning market with her good friend and they met a cookies seller in the market.
The cookies seller asking my mom to invest in this MFC share, the subsidiary of MBI/ MEI (a US company)
The cookies seller said with the initial investment of USD 1,000 (RM 4,500), she can get back RM 4,500.
I told her that I have not heard of this MFC company before and ask her how to buy, she said just buy online.
My mom is very interesting upon hearing the 100% return on investment.
I try google to find out more info about the MFC company and the result led me to MFC CLUB and this page.
So, if the return is 100% with minimum USD 1000, why need to work anymore.
Can anyone share what is this MFC thing is all about?
MBI International and whatever MEI is are certainly not US companies. They’re Malaysian scams.
Your mother will invest her money and that money will be used to pay MBI International affiliates who signed up before her a 100% ROI.
Your mother will then hope new victims join after her so she can steal from them too. Otherwise she loses her money.
Scams like MBI International and its various names exist for as long as gullible people like your mother continue to fall for them.
Hello,
My mom is part of this for about a few years now. She had explained me several times and tried to convince me to join. She really had me on my edge today, but I’m still not sure, because I’ve always believed that things too good can not be true.
Since you seem more knowledgeable about it, I want to affirm my doubts about what she said:
She said that it’s like bitcoin, except it’s called Mcoin. She invests some money in the stock market, company splits them, and you get double money back. A percentage of it stays in the system, but most of it can be cashed out.
I’m like what?? You have to do nothing? Where does the money come from then?
She said that the company has many businesses, like hotels, restaurants etc. They earn money from it and puts it into the system.
Also you can use Mcoin to buy stuff from those businesses. My has been to Malaysia like five times already, coming back with luxury goods which she has bought with Mcoin. My mom was also able to buy a new house for my grandparents.
And now about that recruitment part. My mom said recruiting is not necessary, it just make you earn money faster (she gets 6-10% of every income). My mom recruit people up to 3 times a week. She said that she has a lot of money. I believe that.
It really seems convincing to me. But I think this is all too good to be true. Like about that money input from their businesses. Doesn’t it have its limits? What do you think?
That’s not how bitcoin works at all.
Ask her for documented proof and financial records showing money from third-party business transferred into MBI.
Again, ask for documented proof. MBI affiliates trading points != using cryptocurrency to purchase goods from third-party businesses.
If your mother can’t product receipts showing MCoin used as payment she’s lying to you.
I don’t mean to be rude, but as long as scammers like your mother continue to recruit new victims scams like MBI will continue.
Just wanna respond to Daisy and Oz above.
I don’t know much about Mcoin too – that’s why I’m here today. But I do know that my mom is a member (invested early 2015) and has cashed out half of her investment and for CNY, has used her Mcoin to buy some cookies and abalone from a shop in KK sabah.
She is also travelling to Penang to shop and stay at a mall and hotel that supposedly accepts Mcoin there.
Now I’m not saying that this is a legitimate company or scheme and I’m not denying that it’s a pyramid scheme. I’m saying that there’s more to their scheme that is not covered here.
For one I believe that my mom did buy things using her Mcoin. Secondly my mom did not recruit anybody. Instead she said there are some “transactions” that you need to do online periodically to enhance your income.
I don’t understand her fully that is why Im here seeking more info. I know that all scams pay well in the beginning and the latecomers (or late-withdrawers) lose money but like many people commented, it’s been quite long now.
I know most are convinced that this is a scam, I agree that it is too good to be true too. I just wish there are more info about how it works.
Its not easy to caution others convincingly when theyve seen example of people cashing out money and buying things with mcoin. Anybody with better understanding of this system please??
MBI works as long as everyone doesn’t cash out more than they’ve invested. Once enough people cross that threshold, kaboom.
Ask to see receipts then. What you’ll find is other gullible MBI affiliates accepted her Mcoins for goods and/or services.
If it’s taken your mother 2 years to cash out half her initial investment, it’s a pretty long con. And Mcoin itself isn’t that old from memory, so your mother is one of the early investors.
As opposed to someone who joins today by comparison.
Sure it is. Only the early adopters are cashing out. The rest are busy building their monopoly money balances.
And ask for receipt proof. No receipt? You’re being lied to.
A bank (Ozedit: If you want to discuss banks do it elsewhere. Offtopic derail attempts removed.)
I believe that the thing is a scam, but due to a lot of people is still putting money in it and the local celebrities with government conferred title involved, so it still goes on.
If I am not mistaken you can never withdraw a 100%, there is always a certain percentage that you have to “reinvest”.
I went to the talk some guy with a religious background saying that it is not “haram” cause there are transactions happening blah blah blah, so every one there buys into it. Sad..
I was just introduced to this. Still thinking about it.
Yes, it is too good to be true, after the online transactions shown to me, but is not fully digested yet. Maybe will start with 5k… soon.
Please tell me I am going to make a mistake by doing so. They say 5k is too slow to get ROI, just go for it at 15k!
Wow, wow, wow… guaranteed ROI will be fast. In a daze still. Maybe got to attend their seminar.
Another friend is trying to recruit me, but if I join, will do so with the first person who intro me this.
@An Excited Ox Under no circumstances part with ANY money. Do not go to their seminar they will attempt to brainwash you.
Did you not read the review above? This is a pyramid scheme. You WILL lose your money mark my words.
Wow, wow, wow… Are you REALLY that STUPID?
@JohnH THANK YOU FOR YOUR ADVICE
@Thom NO THANKS TO YOUR STUPID COMMENT
No members coming out to clarify this one sided discussion it seems.
disappointing shxx..
What are they going to say?
“Yes, it’s a scam and we are scammers”?
Don’t get your hopes up.
I saw group of Korean in front of MBI headquater cum retail in Ampang but it was closed. These people taking group photos and seem to be happy.
That is why i came to this site.. after reading the reviews above, it seems that these Korean were scammed.
If they were happy they might be the ones scamming…
You read the review.
You even wrote,
And yet, you are still thinking of putting money in to it!
That, is a special kind of Stupid!
You know how it is for ponzi players. Logic and facts don’t enter into making a decision.
All they want to know is: “Is it paying”
Yes up to the point they put their money in.
suddenly it stops.
To All,
Thank you! Thank you! Thank you! for all the advices, stupid or otherwise… seriously. I have decided against ‘investing in this’, too risky; even the suggestion of ‘high risk, high gain’ will not get me into this scam (?) – I will happily live with the benefit of doubts.
I am a ‘low risk, low gain’ person. Have a good year ahead to y’all!!!
I’m glad to see you have some common sense 🙂
i am a member of this investment. I read with interests in all the comments published. Many are pure speculators who do not know much about the investment which results to negative comments. Which I do not blame. It is normal.
This investment is pretty complex and require information, knowledge etc… to understand how it works. This investment does not guarantee any percentage of returns. It all depends on you the members to buy and sell the units (similar to a combo if mutual funds and share market).
One can have all the retuns in just a few months but this will not generate huge or bigger returns in the future. If the members does nothing … they simply do not make any money.
Those who think that any members can just offload or sell all thier investment in one go…this is not true and does not work this way. There is an X amount or percentage (depends on the investment value) that one can sell at every cent.
Each sales also depends very much on whether they have enough ‘unit’ to sell at every cents. Meaning no one can sell or offload all it’s investment in one go.
This is different from the actual share market where if everyone sells….kaboom…the share market will crash.
BTW, the ‘company’ will make a 10% income in every transactions done. Imagine having 90 million members globally. And there are many merchants that accepts O2OLR (Mcoins) as mode of payments.
Yes, it is shown in the receipt that it was paid via O2OLR. Every transation or sale done via merchant the ‘company’ will make 10%.
The holding company business is indeed very diversified. From theme parks to hotels to malls, etc…
I am just giving a brief description of this investment. It takes more to really understand how it works. The system itself is sustainable. This is purely my opinion.
I do not force anyone to invest into this scheme. I just share and that’s it. In every investment there are bound to be risks especially with this as it is not listed as a legal investment company. Invest at your own risks.
Ponzi or not…money laundering or not, high risks or not….just invest smartly. Invest in what you can afford to lose.
*a scammer.
MBI is a run of the mill Ponzi that pays pyramid recruitment. Sorry, what was your point?
For no other reason that to trap invested funds in the system. A Ponzi that actually pays out = kaboom.
Why? MBI International doesn’t have 90 million members globally.
Might as well sit around daydreaming about all the money you’re not going to make by investing in Ponzi schemes.
Which is why you can’t provide proof of any of the claims, right?
Neither you or the scammers running MBI can beat the basic laws of mathematics. Paying out more than is invested on top of referral commissions is not mathematically sustainable.
Anyone who willingly invests in Ponzi schemes is a dumbass. There’s nothing smart about being conned by scammers such as yourself.
Oz.
I am not a scammer. I am an investor. If you cannot differentiate this… maybe you can ask Mr Google.
(Ozedit: Offtopic derail attempts removed.)
Oz,
Please proof your statement. (Ozedit: Snip, MBI International’s compensation plan. Done.)
Ponzi 101. You invest, earlier investors steal your money and then you hope to steal the money of people who join after you.
It’s all there in MBI International’s compensation plan.
Oz
That’s just your assumption. (Ozedit: False. Compensation plan are not an assumption. Derail attempts removed.)
Pot calling the kettle black. You don’t know how it works either other than taking other people’s word for it.
Face it, MBI / MCoin was prosecuted all over Asia. You’re just buring your head pretending not to hear them.
There is no assumption involved in analysis of a compensation plan. They are based on math and clearly define the flow of money through an MLM opportunity.
In the case of MBI International, newly invested funds are used to pay off existing investors both via passive ROI and recruitment.
That makes MBI International a Ponzi/pyramid hybrid.
All fact, no assumption.
Oz
Shallow.
Please read my first comment carefully. (Ozedit: Please read the review before attempting to introduce offtopic derail attempts into the discussion.)
@I am a member
Feel free to explain how paying affiliates to recruit new affiliate’s isn’t a pyramid scheme.
Also feel free to explain how using newly invested funds to pay off existing investors isn’t a Ponzi scheme.
Anything else will be marked as spam. This includes attempts at legitimacy by association and “if it was a scam it would have been shut down” Ponzi tropes.
Whatever O@OLR is it has nothing to do with MBI International operating as a Ponzi scheme.
yaya… 100% agree… it’s like buying lottery or 4D; if you do not buy, there is no way you can win; so, invest smartly folks!!!… i am out of here!!!
Investment in Ponzi schemes is nothing like a lottery.
If recruitment drops off you’re mathematically guaranteed to lose money. Try harder Ponzi pimps.
Nope, in a lottery at least you know there is a real chance of winning and there are real rules to follow.
MBI has neither. It may have illusions of such, but as the saying goes… People in the Matrix don’t know they’re in the Matrix. Same goes with Ponzi schemes.
They really think everything they see is legitimate, and they can’t believe when Morpheus show up and told them it’s not real.
Oz,
you have done a well done job since last year. Anyway can you share with us why you have such a negative mindset of this “scam”?
Just curious* (how can you reply most of the comment since last year?)
This is a rhetorical question right?
(Ozedit: Feel free to provide proof to back up any of your claims and/or explain how using newly invested funds to pay off existing investors isn’t Ponzi fraud. Carrying on like a porkchop = spam.)
Hey Oz, where can I find the official compensation plan? Need to stop others from drinking the Kool-Aid.
Should be available from the MBI International website. If it’s not there you might have to contact the company.
People, We are in the age of “internet for everything” give some credit to these entrepreneurs, they have good vision and ideas. Just like bitcoin, dating sites earn on membership. Uber and “Grab It” making an earning from just an apps without them owning cars.
What about all the negative comments by bloggers like yourself on Bitcoin when it was first launch and look at them now. No thanks to you muppets.
If authorities can’t do anything, indicates there is nothing to dig. If the company can sustain, we need to give credit for their skills and expertise. The scheme is still paying out after 9 years, they must be doing something right.
Like any investment has risk. High risk high returns. There is no need to bad mouth an establishment with your gossip.
Invest at your own risk. What give you the moral high ground authority to say they are wrong and it’s a scam.
Be impartial guys. Monspace is (Ozedit: Offtopic. Derail attempt removed.)
None of them operate as Ponzi pyramid hybrids though, so they’re irrelevant.
Bitcoin isn’t an MLM Ponzi scheme, so you won’t find a review of it on BehindMLM.
Mathematics guarantees that neither Ponzi or pyramid schemes are sustainable.
Ripping off gullible Asians is hardly “something right”.
You can’t get more impartial than analysing a business model and drawing an informed conclusion.
What you really want people to do is ignore the fraud taking place in MBI so you can steal from them.
Sir Allen Stanfords’ Stanford Financial ponzi scheme ran for ten years.
Bernard Madoffs’ Bernard L. Madoff Investment Securities LLC ponzi ran for over twenty years.
Your point being ????
Investment is a high risk function (Ozedit: Whether a Ponzi scheme is high risk or not is irrelevant. Ponzi excuses removed.)
^^ Please stop regurgitating Ponzi excuses 101. If you have to start defending your Ponzi scheme with strawman arguments you’ve already lost.
My brother has just invested in Mface. He said MBI is a big company, it has over 50 subsidiaries and 90 million affiliates.
So he firmly believe it and he always told his friends and relatives that investing in MBI only has a capital gain, never has a capital loss. As I know some of them has decided to invest in MBI.
I really worry about them.
Can anyone give me any facts about the company? I will be very grateful to you.
Ask him for proof. And bear in mind MBI promotional flyers or getting on a call with whoever recruited him isn’t proof.
Sure. Scroll back up and read the review.
He can’t provide any proof of MBI. All the information he has is from his friend and those who have invested in MBI.
He said that his friend made a lot of money from MBI’s business model. I advised him not to overly trust them but he won’t listen to me.
He told me “You must participate to understand it”. I don’t know how to advise him anymore.
That’s when you cut ties and walk away. To put it bluntly, your friend, his friend and MBI are full of shit.
There’s plenty of money to be made stealing from people in scams, the question is do you have a conscience?
What is scam or ponzi where the fact of collapse is not being reveal, and at this moment the fact is able to help alot of people earning big bucks to spend, he/she could be involve in scamming other people but can you imagine, when a refferal to friends and family and also able to find money and enjoy their life.
Do you know how happy and blessing he have provide to his friends and family able to achieve financial freedom. Do you know how many people out there is having financial difficulties and poverty? Do you know how the feeling watching your closed one getting out from financial stress?
I proudly telling you guys, i have join since early 2014 as passive member, i already got my initial capital within 12 months, another 6 months i got additional of 50% cash out, and so on.
Since then im sharing this to my close on, they just desperate to get extra buck, why not take it as a gamble something you can lose and try it out, because i don guarantee anything.
So currently im a active member to recruit because since then i help alot of friends and family having a life which is free from financial stress, the worst we will lose something we afford.
And even more people are going to lose money. That’s how a Ponzi scheme works.
Losing money to Ponzi scammers isn’t going to make anyone feel happy or blessed.
Getting scammed in a Ponzi scheme isn’t going to solve financial issues.
Congratulations, you’ve stolen money from your family and friends. Here’s a cookie.
Many more people will lose money when MBI inevitably collapses.
Lining your own hip pocket by stealing from your friends and family isn’t helping them. The only person you’re looking out for is you.
MBI have not collapse consider newly join as investment have not receive return, if 1 day MBI collapse then consider people are going to lose money.
Big failed for you, everybody is earning money, why you twist the fact that losing money to Ponzi?
again 1 day MBI collapse i will be agree with you, as for current situation it does able to assist alot of member and merchants to keep the economy growing
Again what is scam where at this moment 4million members get their return and earning money for usage.
Yes i agree on this, many people will lose money, but using word inevitably totally wrong because you are speculating base on your perspective.
Just before MBI there is plenty of companies even country using the same concept which is still around us for more than 10 years history.
However i did not steal my friends and family money, my concept to all my friends and family always secure capital where now all friends and family have return their capital and extra profit.
As written above, what is steal where my friends and family have their return and alot extra profit, why do i have to look out for myself?
At start fast rich plan is always high risk plan, i would advice every which reading this, invest on something you afford to lose which does not affect your financial problem.
Just a chance to start out somewhere to get financial freedom from this 6 years history company and growing.
If? All Ponzi schemes collapse.
That’s not how a Ponzi scheme works. You steal from those who just joined. When it collapses (no more gullible suckers left to recruit) they lose money.
This is basic math.
you don’t care because you’ve already made your money. Spoken like a true scumbag thief.
Yeah, you did. And they stole from others and so on and so forth. Some family and friends you’ve got there.
Which means time will determine everything, If MBI last another 5 years I will be back for you. Cheers have a nice day.
When it comes to MLM a business model is all that matters. Time is neither here nor there.
Like all Ponzi schemes, MBI International will continue to “last” as long as scammers such as yourself and your friends and family continue to recruit new victims into the scheme.
And if they don’t, what will you do? Sulk in private?
I joined mfc in 2014. I already got my capital and gained profit. Guys this is a gamble just like 4d numbers. You should be prepared for everything.
If you dont want to take the risk just quiet. When people gamble in casino you say ok. Busines is a gamble. Main thing dont harm or hurt people when doing business.
Right, because stealing from people in a Ponzi scheme isn’t harming them.
Bloody hell, the nonsense scammers have to come up with to justify what they do.
Gambling is regulated and has nothing to do with Ponzi fraud. In a Ponzi scheme you’re mathematically guaranteed to lose money unless you steal from people who join after you.
1. many such scams like this still going around for long, I believe many have heard of “you should be here”, same thing using new investor $$ to let old bird enjoy free trip, only thing diff is they are much straightforward in this.
2. i take neutral stand, in fact that’s how MLM without products gets their income.
its like today they are people still buying 4d toto from bookies. they know the risk, but why they still go for it? easy access, and better return. high risk of coz. but i guess thats the gamble spirit.
Ponzi fraud is nothing like buying lotto tickets, legal or otherwise.
its using other people’s $$ to pay your winning too.
pretty much the same from my view.
You don’t “win” in a Ponzi scheme, you steal.
That’s a crucial difference.
Lotteries and bookies don’t pretend to be anything but lotteries and bookies.
Neither of them are ponzi schemes pretending to be legitimate businesses.
ah got it
thats mean. haha.
I keep hearing this “Your Stealing” statemenmt regarding Ponzi’s. However, (Ozedit: If you make money in a Ponzi scheme you’re stealing. Period.)
you have to justify your stealing so your statement really doesn’t mean much.
Everybody joined a ponzi or pyramid scheme with the INTENTION of being a net winner. But the only true winner in a scam is the scheme leader who pockets most of the winnings. The fact that there may be a few net winners doesn’t counter the fact it’s a scam.
Greece’s failure was not that it’s a scam and thus is irrelevant.
Hmm. Sterling Wirth, the topless dancer in Tacoma who recently re-posted a sleazy meme on Facebook celebrating millionaires as stereotypically good and demonizing the poor as stereotypically evil?
The same Sterling Wirth who used to have a website called whatjesusdoes, yet clearly hasn’t a clue what the Savior was saying?
Pot, you are at least as black as the kettle you insult.
Ponzi scheme = use the new member money to pay upper line (old member)
Pyramid scheme, example: if the (1 x A) need to have (2 x B) to gain back capital, then (2 x “B”) will need (4 x C) to gain back Bs capital. Left alone the commission.
Multiplication method:
(L1) 1 : 2
(L2) 2 : 4
(L3) 4 : 8
(L21) 1.05m : 2.09m
(Population of it origin, Penang)
(L25) 16.78m : 33:55m
(L26) 33.55m : 67:11m
When they reach “L26” and obtained 67.11milliom members, the “L25” (33.55m – 16.78m)= 16.77millions of members will earn back their capital.
USD 5,000 x 16.77 millions members = USD 83.85 billions.
Yup, so at first the 90,000 millions number of member is questionable.
Do you really think the so called diversified businesses are generated enough USD 83.85b to fulfilled 16.77m members?? In 1 years or 2 years??
Ok, let’s assumed everyone is join $100 package, so is 83.85b/50 = USD 1.67b…really? 1 or 2 years?
I’ll be damn 😀
Good day to all. Am a member of Mface since June 2014.
I just want to share my experience as a member,. Am not against to all the comments i have read here. And very interesting to know what is mlm and ponzi.
I only pay one time at 4star level for $1000 and no direct recruits at all because i am also not confident of how long it will last but i did risk to try. Plainly just a member out of curiosity thou worrisome is there. Actually, i hardly understand all the numbers and how it flows inside my account so i just leave it behind for a a year.
After 1 year i started to withdraw cash and it goes directly to my bank account. In a year, we experience 2 split and my Grc grows.
Roughly…
-1st year i withdrawn a total of USD 1,400 at least.
-2nd yr a total of USD 1,800 at least
-3rd yr almost USD 1,200 from the 1st split this yr.
Those who have directs or recruits. Their grc are bigger than mine, even we are at the same level of account. I have seen that they earned additional 10% to 20% more than my withdrawal and they already stop recruiting for 2 yrs now.
We have at least 2 split in a year.
-Every withdrawal has a limit per level
-Every split it doubles your grc but the 50% additional to your grc is not ready for withdrawal right away. Takes 1 week, months to half and up to one year before it can goes to your grc fund.
-You cannot sell grc all the time or any time.
-There will be at least 2 months span of time in every split for selling your grc from 4 to 6 times if you are keen enough to watch the flow
-It’s not a monthly cash flow, i can say once or twice a year only
Other than that mface has now mtravelclub mface members can purchase some of tour packages, hotel stay and so on local and international using Mcoin that we accumulate by time.
I did use already some of my mcoins for a free Hotel in Malaysia, Thailand and soon to Vietnam. Then my mcoin is finish. If i want more mcoin i have to buy and pay it with my cash.
As of now, i dont know deeply how this company works. But they are also growing in Japan, mmall and other services they have are now existing there.
They did not really grow the members in Philippines because there are many mlm there too similar to mface but didnt last even for 1 year so people have are scared to risk. But they risk to buy lotto regularly.
Am not encouraging anyone to join mface here.
For me, this is my experience for the last 3 yrs now with Mface.
We don’t know how long will it last or how successful they can be. In our life and in every decisions or road we take, there’s always a chance for a risk.
Thank you and God bless to all.
@Mary
The problem with someone who got in three years ago praising a Ponzi scheme is someone who invests today isn’t going to have the same experience.
You’ve been stealing funds from people who joined after you for three years. MBI International affiliate recruitment will inevitably die down and when it does most people will lose money.
Well it does have pros and cons right… lol simple… i agree its good to have a variable of comment or whatever idea such as facts and opinion… At least the less educated learn some of it…peace XD
MBI and MFace have just been placed on Bank Negara Malaysia’s (BNM) alert list with effect from Monday for unlicensed activities.
Better cash out or spend your Mcoins while you can, before authorities stop the brick and mortar outlets like MMall in Malaysia from trading in the unlicensed Mcoins.
When the authorities do do that, that will be the end, it doesn’t matter if you have millions of Mcoins in your account.
thestar.com.my/business/business-news/2017/05/22/mbi-mface-placed-on-bank-negara-financial-alerts/
Thanks for the heads up guys!
Well no worries at all .. lol … BNM just now remove MBI INTERNATIONAL from the list. You guys can check it by tomorrow or using MyBNM apps on google playstore. Heads Up though. XD . GG
I’ve just downloaded the latest BNM list updated 22 May.
MBI is there on page #4, number 162 and MFace at number 170
Yeah yeah your currently right atm. Dont hesitate to download the upcoming updated list also ya. Or you can use My BNM apps. GG sir.
Now only they start working. My opinion is they should have took action earlier. At least it’s better than never.
@OrdinaryGuy
May I know where you’ve gotten your source from? It is still in the list as of today.
Not entirely sure if your source is right though, seeing that that MBI’s mall has been raided 2 days ago.
Source: thestar.com.my/news/nation/2017/05/30/fivehour-shock-at-virtual-money-mall-raiding-party-confiscates-documents-and-then-customers-resume-t/
This was followed up with authorities freezing their accounts…
Source: thestar.com.my/news/nation/2017/05/31/rm58mil-in-bank-accounts-frozen-following-mbi-raids/
As arctankck mentioned a week ago, spend your Mcoins while you can.
This is great news. BNM listed them in the alert list. Police raided their office and frozen their 91 accounts (I believe the money just the tip of the iceberg, most of it should have been moved overseas).
I’m hoping to see the next one – Sky Century Group (skycentury.net), not to be confused with (skycenturygroup.com).
Scammers always like to use some existing establishment to confuse people. Sky Century is running similar plan as MBI and claimed to be better than them, but obviously another clone.
Thanks Oz. I studied economics but quit finance 6 months into working for an asset management company and took a pay cut and now its been 7 years since and I’m happy working on global sustainability issues in my career now.
Banks and finance have a different moral paradigm, not the subject of discussion here, but I’ll just say I’ve always been keenly interested in the world of business and finance and I can crunch the terms and numbers as well as any investment banker worth her salt out there.
I just don’t see a clear moral reason to be in finance in the current status quo. Sorry for the long intro.
I used to be like everyone else, keeping my fingers out of others business, but I’m gonna be 30, and can’t stand BS and am louder about my opinions nowadays, to a certain extent. You’ve done a great job with this, and its my first article I’m reading on this site!
Thing is, I’m learning more via the comments than the article itself. Some things I’m noting and I’ve heard this before from MLM supporters:
1. Risk and reward – high risk, high return
Garbage. Lottery is regulated. High risk investments can cause total loss of investment and provide returns up to 20-25% max in good years.
These are stated early on and asset lists are made clear when you invest to provide a clear picture of the risk involved. The Ponzi schemes purposely obfuscate the facts to feed the idea of risky investment without the proper disclosure.
2. Complexity
No pyramid schemes are simple. Thanks Justin Ooi above for providing the picture. I was approached years ago and the guy and his 2 friends gave up after an hour of me breaking down their claim that this ‘was not a pyramid scheme’. One of them was apparently a ‘master’ seller.
3. Innocent game
No. Call them out. All investors in pyramid schemes are criminals. robbers. steal from other investors. Failing to know what you are involved in is no excuse for committing a crime.
I used to just keep out of others business, but now I’m gonna be straight up brutal against MLM scammers.
Anyhow, sorry for the long rant. Thanks Oz, you are really doing well with this.
I agreed with OZ 100 percent that this is a scam. I was a member also but already give up the second day I joined this scheme somewhere in 2013.
Their log in side during that time already stated its a money game and later it change to loyalty management program.\
Its a simple question from me if you find a gold mine are you willing to share that gold mine with somebody that you not even know?
If this company can get so much in return in the first place they don’t have to ask you to join. They will take their share quietly instead of asking you to share this opportunity. So this is definitely a scam.
You know why this scheme can last long as this company keeps on changing their terms and condition and is limiting the cashing of the player money.
When they limit the withdrawal cash they actually can prolong the scheme from collapsed fast. That is why they keep on coming with new idea and rules that prohibit player from taking out their cash at one go.
If you want to compare the terms and condition since 2013 until now it has changed quite tremendous until the old player are not interested to join anymore.
This scheme probably the biggest scheme in the world as it involved 18 billion USD for half yearly trading. So this company eventually make profit of 10 percent every six month and imagine its 1.8 billion for a six month period.
I believe eventually all the money will goes to the company and a lot of people will be losing if it collapsed.
Currently the website is showing its not and investment or financial tool so if its not and investment or financial tool then where can the company generate income and give out bonus to the player.
This is what you should ask the company where they generate income if its not from investment or business structural module. So this is all a scam.
Its better for this scheme to fall now instead of later as more people will suffer if it drag on further.
Well let say its proven as a scam. So ? Non-member will be like oh gosh thank goodness. Nothing happens. lol
Actually I am not proud to those that are getting rich from this scheme where cheating is involved.
The worst part is they are cheating the hardcore poor or the hard earned money.It’s also against the religion belief.So we should actually put a stop on this scheme.
There no need to be proud. No one does. No one care. lol. It has nothing to do with religion.
At the end, its depend on you only, you make it happen where hardwork paid off.
Yeah can it be stop? Why? Like saving grace? nahh have faith on the way.
MBI by virtue of it’s business model was a Ponzi scam from day 1. Stop making excuses for financial fraud.
To me the reality is people are easily blinded by the money and they don’t care where the money came from.
When the scheme fall then you will know how many victim and as for now you can talk whatever you like as this is the typical human reaction when they are in the defensive.
So, nothing drastic happened to MBI after being listed in BNM. Everything is still going on smoothly. Everyone is still being paid. No one has been cheated. Everything is still on track.
Even though the principles of the biz is ponzi but bear in mind that nobody has been cheated. None! In fact all are happy that the company is doing great with hefty returns.
Why target MBI? It’s the smaller ones wannabe are the ones who are making this look bad.
Please ponder that contradiction before continue to insert foot in mouth.
Perhaps on the front-end. Government warnings for Ponzi schemes make it harder to launder money.
You won’t know MBI has collapsed until after the fact, and by then of course it will be too late.
Anyone who invests in a Ponzi scheme is cheated the moment they hand over money. The only way to get it back is to steal from others, thus cheating them also.
Yes currently government never take any action on MBI because some VIP are still involved in it.
But to those who know how this GRC turnaround its actually getting worst by the day.
This is to show that BNM alert list is actually affecting the new investor as they are not willing to invest in this illegal scheme.
I think you are wrong regarding nothing happened to MBI. Please check the buying and selling of GRC.
I have monitor the buying of GRC and its getting worst by the day compare to the time before the BNM alert list.
So next time when you want to say something please prepare some fact first. If you want to follow this buying I think you wont get any split until end of this year unless the company buy back all the GRC and I believe the company will buy all in order to get the confidence of the investor but it also depends of the figure.
If the figure is high I think it will collapsed or they will change the games rules as what they have done before.
This company is sustainable and profitable so long as governments are not politically motivated and corrupted and rob the investors of their money.
If really for the good of investors, and seized the money.Then return the money to the investors (so call victims) and do real justice!
I’m going to assume you didn’t finish elementary school math.
There’s nothing sustainable about paying people more than they invest with subsequently invested funds.
The people robbing new investors are existing MBI investors such as yourself. That’s how a Ponzi scheme works. The government has nothing to do with it.
It’s quite sad that a lot of investor are still hoping that this is a genuine company that can give you a good return when in fact they are not selling anything or invest anything but merely stated a membership royalty program.
So do you think they can give u a good return without any investment or business or trading. So ask yourself what they are doing to pay you the return.
Now you see you don’t have to make a police report to make arrest as today trade consumer officer arrested top MBI guy in northern region.
In actual fact government department can take legal action on anyone when someone flout the rule.
Where’s Stephen who wants to come back as a hero in five years time? Everyone exchange your coins with whatever goods and scram.
Just got to know that many so-called investors from MBI (they are early investors) have switched their money to SKY CENTURY GROUP. Same concept same cheat. It has split for the 9th time on 17/6/2017. The scheme started 1/7/2016 and has been operated for 11 months.
So we want to wait until this SKY CENTURY scheme cheated more people? It’s time to provide more info to behindmlm and hopefully behindmlm will start a new post on this.
I have reported this to BNM, but it seems still no action. I will collect more info and provide to BNM and the press.
Is this the same as monspace and mscoins?
No idea. MBI marketed GRC units, don’t recall anything about mscoins.
Haha yesterday MBI has announced of changing their GRC selling condition and as I predicted they will do something when things is not right and also current GRC buying are getting worst and if follow the current situation thing will get worsen by middle of next year.
Read more at thestar.com.my/news/nation/2017/06/21/investors-unfazed-by-latest-mbi-international-episode/#YJsJTzxB3cxEsP2U.99
Well this is not and investment but a scam and anyway you are not familiar with what they are doing so I just advised you that this is all a scam and not involved any business or any share market trading.
Ponzi scheme = investment scam.
MBI affiliates invest in GRC units. MBI increase the value of GRC units and existing affiliates steal new affiliate’s invested funds.
Same old, same old. Ponzi points are Ponzi points – this model is nothing new.
Yup you take my money and I take yours so is this you’ll call investment.If investment definitely there is risk but this MBI is not an investment but a scam.
That’s not how a Ponzi scheme works.
Anyway I’m not sure what part of “investment scam” you’re not getting. Lost in translation perhaps?
It’s the same concept as JJPTR. The GRC is just the design to let player know but in actual fact if no one buying the GRC the company have to buy all the GRC unit as they already promised the return within the stipulated time.
to me its just a cheating case as it involved nothing but cash transaction and all the exchange point or coin is just the gimmick.
Oh it is. But that doesn’t change the fact that Ponzi points schemes are still investment fraud.
Ponzi or pyramid scheme it’s still a fraud when they promised an unusual high return.
Removed comment .. where is the victim.. ? lol
All the people you stole from.
Just because most of them don’t speak English doesn’t mean they don’t exist. Every dollar MBI paid on GRC unit ROIs was stolen from MBI victims.
In actual fact I can’t even criticized in the group we chat as I just ask why they come out with many types of payment method and why not just one simple card will do instead of me pay,mepoint,020,mmspot and etc.
The moment I speak up I was straight away being deleted from the mfc chat group so in this case they just don’t want me to propose or criticise so I can consider myself victim of speaking out.
Well a slight criticise they already bar me from we chat.You see the reason they came out with so many types of payment is that they want to earn from registration fee as each will have to fork out RM100 for apllying.
If you have every one convert and pay RM100 per head this sum is quite a big sum. So all this purpose is to get money from players only.
So we are been victimised by the company the moment we join in as they simply change rule and condition that profit them.
And the latest mamacaptain also been on BNM watch list as this scheme is also from someone inside the MBI that run this scheme according to the source.Sooner or later it will collapsed once it was on BNM watch list.
Oz was right. I got scam before by this scheme. They said it already bankrupt. wasnt sure.
What happened to the diagrams and pictures of the scam?
Unilevel diagram will be back soon.
So… is mbi still operate in business?
what is the final result?
I haven’t really been following the affiliate side of things, but AFAIK affiliates haven’t been able to put in ROI withdrawal requests for some time.
MBI will likely die a slow death pending prosecution of Teow or Malaysian police ignoring it (ala uFun Club).
it seem that MBI was trying to play some psikologi game with the investor.
On JUN 27 a memo has stated that they are going to stop all GRC selling and will start with a new round on JULY 6 but until today the system still show selling and buying. I don’t know what is the reason behind they came out with such memo but never implemented it.
The only thing I can think is that they are buying time so that investor are not cashing all their GRC as they want to wait for the split bonus.
Anyway from current selling and buying of GRC I think its getting worst and from my early prediction it will collapse by middle of next year.
Well normally once the company have been blacklist you wont be expecting a new investor and therefore it just a matter of time it collapse. So my advice is to cash all you have from now.
Read today news from Star paper and you will know that this company are involved in crime related issue and not just money game as what the Thai authority said .So now its getting worse as the Thai authority want the culprit to be prosecuted as soon as possible.
Joined mface in 2014. I never tell anyone. I never recruit nobody. I put in money and forget about it for a year. In 2015 I get cash and never ceased until TODAY.
Plus I went shopping, went to expensive restaurants with my family with the accumulated points. As to date, I am going for a trip with the whole family next month.
Pyramid scheme? Really? Most pyramid schemes are legal in Malaysia. My sister has joined another obviously pyramid business.
Why I said that? Because to join that biz, I wont get any penny if I did NOTHING. ie, recruit, promote, whatever. Thats how “Pyramid” or “MLM” works. (Scam or what not). In Mface I did jone of those but I receive rewards and benefits.
I am not sure if I can call MBI a scammer since all through the years I’ve been receiving more than my initial investment. And no its not ROI. Thats not how it works.
Well, haters can go on commenting what they dont know, and continue living in p-o-v-e-r-t-y.
In a Ponzi scheme earlier investors such as yourself steal from subsequent investors. Whether you personally recruited those investors or not is irrelevant.
No, they’re not.
Yes, you stole from people in a Ponzi scheme. What do you want, a cookie?
I’m just going to leave that there, as is.
Whatever you have to tell yourself to sleep at night chief…
I happened to drop by this forum and reading all Q&A about MBI. Well, I think you all are too focus on and prejudice on that company.
In the Business world,there no such thing so called ” REAL”or truth. Its just a business.. you like it you BUY!
But as a Consumer, we have the choice be have to be smart and be educated in what you do.. we cannot opposed or be an activist to condemn a business model when we don’t feel like it at our individual opinion.
Whether it is a PONZI SCHEME or SCAM, its depend on an individual satisfaction just like any other business out there. Which over claimed with their advertisement.
But why, we don’t label them as a “SCAM” and keep on patronized it? Bank takes our money to use it as their own gain and pay a little dividend as an interest? Share Market using a piece of paper for transaction..etc.
So what do you have to say on that? Pls give me your opinion.
It’s human nature to prejudiced against scams like MBI. The only people who aren’t are those doing or hoping to do the scamming.
What a load of horse shit.
Nope. It depends entirely on the business model. Scams that use newly invested funds to pay off existing investors like MBI International are Ponzi schemes.
You’re a gullible idiot and best of luck with the scamming.
Wow, this is a fantastic “commentaries thread”. I’ve read all the comments. Some I didn’t quite comprehend, it’s probably my Tourette’s and associated diminished linguistic’s-by-proxy syndrome. Nevertheless I’m adding my comment ✔️
Behind the scenes…:
Yes, yes, I gullibly bought US$100 on Sunday as an introductory exposure to this get-rich-quick scheme. (It’s not an amount that’s going to leave me suffering or empoverised if it’s not recouped anytime soon, if ever).
The cautionary panic-buy:
What I had “paid” for was totally confusing, but sometimes to understand something once you mediocrily engage in it fiscally/ with currency/ handing over some dosh (ie pennies): the schemes’ mathematics and operating structure had zero clarity but I thought it would unravel, lol.
I was asking questions like “but what does the company invest in to be able to generate such positive-growth profits”.
I was told that the company has heavy construction housing and commercial project development investments in Malaysia.
I thought “ok. The economy in Malaysia must be doing really good if all the poor people can suddenly get mortgage approvals and now afford nice new homes, maybe they are getting Malaysian government subsidies and MLC/ The Company is contracting to the Malaysian government to provide mass public housing and commercial factories etc”. …lucky I only parted with US$100, and not US$15-$35k.
I did think: “oh wow, finally there’s a company that wants to break away from the uncertainty/ unsecurity of the global stock exchange, and independently ‘float’ their own shares [ to ethically help the poor ]”. …lol, on reflection of the earlier comments above – how stupid! (…but crazier ideas have lead to advancement in civilisation!).
Well, I did get “caught with my pants down” with the global economic recession – those greedy Americans! I thought “must be an industrious portfolio investment, with high-yielding bank returns, to offer 100% investor guarantees”, lol
The guilt trip:
I feel bad now knowing I’ve been unwittingly duped; I genuinely was concerned that the supposed “multicorp” The Company was conducting its actions ethically towards the environment/ historic & cultural sites etc – but a Ponzi scheme! Oh the irony! …typical multicorp…
Wising-up??:
Anyway, thanks to all previous comments, I know there are 2 sides to interpreting MLC “investment”: a) pure greed ponzi b) get-rich-quick high-risk investing before it collapses.
I see these perspectives/ schemes as “gambling” – no different. 1 earlier comment was that lotto/ casino is regulated. All I can say is that I’ve lived with compulsive gamblers and no gambling is regulated, you have an infinitesimal chance of a win: those poker machines keep taking all your money till there’s none left, mesmerising the player into a comatosed stupor with flashing lights/ bells/ whistles.
A gambler can walk from venue to venue on a single payday till nothing is left. While lotto and scratchies are unregulated – you can give your whole savings over and there’s no guarantee of winning 1 cent.
At least in the U.K. the national lotto proceeds from all the losers goes to an excellent dedicated cause of preserving architectural history; in Australia, it goes to the governments unassigned coffers for them to waste on electoral “write-offs” or quasi BS.
Well, that’s my comment/ thoughts to share :-). Oh, definitely not promoting MLC etc. And not condemning either – people should make informed decisions in their choice of actions and associated consequences.
Ancedotal stories don’t change the fact that the gambling industry is heavily regulated.
Not that that has anything to do with MBI International being a Ponzi scheme, other than destroying the common “it’s just like gambling” Ponzi justification.
I think what Experiment is driving at is that while gambling is regulated, nobody will do anything to stop a gambler losing every penny, as statistically every single gambler will in the long run. There is therefore a similarity with Ponzi schemes where all punters are also guaranteed to eventually lose money.
There is a lot of bollocks about “responsible gambling” and restricting the amount gamblers can wager in a single spin or letting them ban themselves but it is all a joke as there is no such thing as responsible gambling, all gamblers lose their shirt in the long run. Anyway, tangent.
Ponzi schemes are not the same as gambling, even for those who inhabit HYIP forums, those who recognise that Ponzi schemes will eventually collapse, and think they have “the edge” – those who view it as a “gamble” that they get into the scheme early enough they make money out of it and get out before it collapses.
It is not the same as gambling for a very simple reason. If you are gambling and are one of the few who manage to win, the loser is the house, the casino. The casino accepts the fact that a few punters will take money off it, it’s the cost of doing business.
If you join a Ponzi scam and manage to win, your money comes not from the house but directly from the mugs who came in after you. The house never loses.
In gambling the house is open about the fact that you will probably lose – obviously there are lots of bells and flashing lights to distract you from this fact, but a distraction is not the same thing as a lie.
No fruit machine has a sign on it saying “pull this lever for free money”.
In Ponzi schemes the majority of punters are conned, or con themselves, into believing that it is free money. That’s why one is fraud and the other is just a voluntary tax on being bad at maths.
This should be mentioned on every Ponzi (or Pyramid) fraud review in this blog (I know it won’t be as that is overly impractical) but the simplest way to explain difference between a gamble and a Ponzi/Pyramid fraud is this:
– If you enter a gamble at any point of time, you have equal chance to win as you would have if you entered earlier or later.
– If you enter a ponzi or pyramid fraud, the later you get in, the more certain you are to lose. No exceptions.
And in a longer version:
Take the roulette as an example: when playing a single number everyone has 1 to 37 chance to win their money back 30-fold. On any round, no matter if they came in early or not.
The winner gets money from the losers, sure, but anyone can try to win their money back with the very equal chance they had when they lost their money.
And yes – that money will come from the pockets of other ones, could be even from the pockets of the previous winner if he continues to play.
In roulette the house always wins, since in a long run you will lose 37 bucks for every 30 bucks you win. But it is still fair as everyone has equal chance, you cannot “lure someone in” just to take his/her money – you need to win his money with the same odds he has.
In a Ponzi fraud (or a pyramid fraud) the one that comes in first has almost 100% guarantee to win money. It will be paid from the next entrees that will have smaller odds to win their money back.
When you step in, your money pays the wins of the guy before you but you have smaller and smaller odds to win your money back (from the pockets of the next who hop in).
House always wins, since the last ones to jump in will be suckered with 100% loss. This is unfair as anyone lured in will fuel the money gain of previously joined, having ALWAYS worse odds to gain their money back than the ones whose wins they paid.
(I’m copying this text in case I need it on some other forum in the near future.)
No offense to the well thought out responses above. Just to clarify, it can be explained in one word,
FRAUD
The definition of fraud:
@Experiment
Fraud has no relation to gambling.
anyone would recommend MBI now? after the BNM raid it seems business as usual for them
MBI is still a Ponzi scheme and even with the illusion of operating normally, will still collapse once newly invested funds run out.
mayb theres a grey area, mayb in the other way, we can see this thing as mutually beneficial and reciprocal?
Nah.
In a Ponzi scheme like MBI there’s always a small group of investors stealing from everyone else. There’s nothing mutually beneficial or reciprocal about that.
My hubby and I joined the scheme under different lineage.. about 4 years back when this so called investment was just starting.
While I joined to oblige an auntie for her support to me when I was down, my hubby joined as his ex-colleague who managed to convince him this was an investment that do not require any recruitment of others (if you do not wish to) and the money will grow over the years and if you recruit you will get additional commission..
Good lord we did not recruit any as we not the type who is good at recruiting and we did not add on to our one time “investment”….. We just played by the ear.. and were able to collect back our initial sum put in after more than 3 years….
Fast forward to the present day… the platform has evolved to cash back from the company is now getting very difficult….. we have to provide proof that we have make transaction to get the cash by providing our bank statement, ic copy, prove of transaction, etc….
Worse case is when this feedback was channeled back to the upline or so called leader who recruited us in the first place… their response now… what have you done to contribute to protect or safeguard this platform besides being a passive member and keep chasing your own payment and spending your mcoins/o2olr/mcalls…
and also we have just been told this is not an investment but merely a purchase of Advertisement Package and what we are getting has been freebies given by MfcClub, whereby MfcClub is just a website membership system and MfcClub do not owe anyone anything and do not have any obligation to answer anyone on their terms or regulations…
and that the fact is our account in MfcClub can be ignored, frozen or terminated at anytime if we are unable to fulfill to it’s requirement…. and what right do we have, if we do not help put effort in recruiting and marketing this platform…
As explained by others how this scheme works, you will never be able to get out from this scheme, as every time you made a transaction to cash out, you will only get back 55% of the transaction, and the company will take 10% as transaction fees, 5% will be transformed into the points or mcoin and 35% will be channeled back into the scheme……
The best part is the so called recruiter or upline or leader has the guts to tell you now that if you don’t like it, go invest in others investment scheme that give you continuous cash… a total change of tone when they try to get you in with the sweets and promises……!
Hope by sharing this, you will think 10 times before going in….
This is exactly the same happening in our group.. Cannot complain and we have not right to say anything if we are not active and not recruiting new victims to join in…
I heard they were into blockchain technology now. Thats mean they have a really good team plus the programmer who create the crpyto coin. Seems good enough. Who knows.
Another collapsed MLM Ponzi ICO “whatamigunnado?” exit-scam?
Oh yeah, no I’m sure this one will be totally different.
@Jade….nice try! This is a total and utter SCAM!
@scammersucks im not even try it tho dear Oz lol.
yeah.. this actually had a good 2 year run…. Enough time to damage many lives!!!
@Jason McRiffle will be seeing you to discuss it again after 2 years. We gonna calculate the damage done lol
What’s the latest feed back on this ?
Same business model = still a Ponzi scheme.
Just an Update, they have recently launched a new service called “M Bonus”.
It might be related as do all their businesses because of the world “M”.
The service promises “100% rebate” on purchases through them and then encourages people to get other new members involved as well because they promise them they will earn a certain amount of money for every penny spent by the members.
Teddy Teow is facing multiple criminal charges. I don’t think MBI are in a position to launch anything.
If someone in MBI International is pitching you on some new service they’re trying to steal your money.
Yes or no that they are operating something new, all i know is that “MBonus” is the newest thing.
Usually MBI likes to engage their brand of different business with the alphabet “M” hence i assume this is part the MBI’s new form of scheme.
As this new app payment service encourages people to recruit more members and eventually earn a small sum of the money the recruited spends and so on so forth same goes along to be encouraged to recruit as well.
Especially when they emphasize strongly on “100% rebate” of goods and services thought MBonus.
Might be some top investors trying to keep it running. Who knows.
Teow has been arrested though and as far as I know, MBI International is over.
Why is the main man arrested? Any proof of his wrong doing?
Why do you think Teow was arrested and charged? For financial fraud of course.
As for proof, scroll up and actually read the MBI International review. Ponzi schemes are illegal, even in Malaysia.
Have anyone heard what’s going on with MFCClub? There’s no news, meaning it’s good news then?
Uh, Teddy Teow has been charged with financial fraud. #RIP
Good news is they have new QP named point for registration. From what i heard , they re-construct their system such as claim points for cash , withdrawal , min. require for merchant apply , etc. Lots of improvement is still ongoing.
Now members of mfcclub are hype about the wcg crypto coin. Hopefully the coin get enough support for future e-finiancial purpose. Best regards.
WCG crypto coin? How is exit-scamming the original MBI Ponzi points a good thing?
Nobody outside of the MBI is ever going to accept an altcoin launched for the sole purpose of further scamming Ponzi victims.
Its the future purpose of cryptocurrency. As long as their coin has value for the benefit of what made life easier, scam is only for the noob then. Progammer thingy.
There’s no future purpose when all you’re trying to do is offload Ponzi ROI liabilities. That’s the only reason WCG was created.
MBI website’s Alexa ranking tanked after Teow’s criminal charges. Sorry for your loss.
Thank you All for input x.
This is still going strong in China, many of my friends are members who just got back their Malaysia trip this month, hosted and paid for by MBI. They are fully convinced and nothing can deter them!
MBI claims to have more than 10 million members now. How terrible.
Teow was charged criminally in Malaysia a few months back. AFAIK MBI is dead and you can’t spend your GRC Ponzi points on anything.
Surely at least one gullible Chinese investor has tried to do something with their GRC points and realized it’s a scam?
I’m actually surprised someone in Malaysia is still promoting MBI. After the collapse all the diehards defending the scam in the comments above scattered.
As for ten million members; MBI’s Alexa ranking is 3 million = #RIP.
thesundaily.my/local/china-nationals-protest-outside-embassy-XJ1496527
Chinese govt: That shit’s already illegal here. You’re on your own lulz.
Here’s an update on MBi’s Teddy. Thai cops just arrested him:
therakyatpost.com/news/malaysia/2022/07/23/thai-cops-arrest-jho-low-2-tedy-teow-founder-of-the-shady-mbi-international/
Hah! Let’s see if the charges stick this time. And whatever you do Thailand, don’t extradite him back to Malaysia…
Thanks to you guys, its been 4 years, i was late, so late to realize how the world works.
lol if he so called a powerful person or top leaders, he wont get arrested.
Those O2OLoyalty, Mcoin, WCG crypto? Sigh. What i do see now is just a bunch of noob that got me.
damn if only they make it works, turns out they does not even know how to use a digital wallet for real. #facepalm
Your first comment was from 2017, thanks for coming back after the fact.
You’re definitely not alone in falling for MLM Ponzi schemes. Don’t take it too personally, learn from the experience.