Enwire Review: Spinglo cashback commissions
There is no information on the Enwire website indicating who owns or runs the business.
Information on Enwire’s “About Us” page indicates that the company is being run out of the United Arab Emirates:
Enwire was developed as a brand to acquire the network of an older network marketing company that was founded in 2009. We are known as “Enwire Associate Network” but ENWIRE for short.
The network is managed and run from the United Arab Emirates with offices in Sweden. The network company is a wholly owned subsidiary of Enwire AB, a Swedish public company.
Whilst we have a small team of people at each office location we also have staff located in Spain, UK, and Switzerland.
Over a short period of time Enwire will expand its office base to meet the needs of its network associates around the world.
Meanwhile Enwire’s website domain (“enwire.com”) was registered on the 19th of January 2000 and lists an “Aasmund Midttun Godal” as the owner. Godal provides a Norwegian based address in the domain registration, which is interesting as Enwire don’t list Norway as a country they are based out of.
The domain registration information for Enwire’s domain was last edited on the 5th of December 2012, possibly indicating that this is when Godal acquired the domain.
MLM history wise I wasn’t able to find anything on Godal so I’m not sure if this is his first MLM venture. An Aasmund Midttun Godal does appear online in various social networks (non-MLM), however he appears to be based on Germany so I’m not sure if it’s the same person.
Read on for a full review of the Enwire MLM business opportunity.
The Enwire Product Line
Enwire has no retailable products and services of its own other than membership to the company itself.
Bundled with Enwire membership is access to third-party services and offers (referred to as “partner companies” by Enwire), the most prominent of which is Spinglo.
Enwire describe Spinglo as being
a global online social network that offers its members many product opportunities and other benefits, one of these is Spinglo Stores.
Here a Spinglo friend will receive cash-back on all purchases made via the Internet.
Other companies that Enwire claim to be partners with on their website include JustBid.me (note that at the time of publication, the JustBid.me website was down), Viral Angels (a “private equity members club”) and Stexon (“gaming and casinos”).
Note that all of these companies are independently partnered with Spinglo, so it’s unclear whether or not Enwire actually has a direct partnership with any of them or whether or not they are just claiming to via their affiliate relationship with Spinglo.
The Enwire Compensation Plan
The Enwire compensation plan is poorly presented and fails to adequately explain specifics about key components of the commissions structure.
From what I’ve been able to make out, the Enwire compensation plan primarily revolves around the redistribution of cashbacks paid by Spinglo on purchases made by affiliates.
Tracking affiliate purchases through Spinglo using a “shopping plugin”, Enwire offer affiliates a percentage of this cashback in the form of a commission.
In addition, Enwire also pay out recruitment commissions as a percentage of the membership fee their affiliates pay.
As per the Enwire compensation plan material cited for this review, all affiliates start off earning 4% of their recruited affiliates membership fees. After three new affiliates have been recruited, this commission increases to 34%.
Depending on an affiliate’s membership level, they are paid a 60-100% percentage of this 4-34% commission:
- Free – no commission
- Junior – 50%
- Manager – 60%
- Director – 80%
- Executive – 100%
A 30% Leadership Bonus is also paid on an affiliates recruited downline. This Bonus is paid from the third recruited affiliate and pays out on the membership fees of the first and second affiliates recruited by each directly recruited downline.
Eg. You recruit 2 affiliates and then start earning the 30% bonus on your third affiliate’s downline. You receive the 30% bonus on the membership fees paid by the first two new affiliates your third recruited affiliate recruits. This bonus is also paid out on the fourth, fifth, sixth, etc (no limit) affiliates you recruit using the same criteria (first two recruited affiliate’s membership fees).
“Top Leaders” (no qualification criteria is specified) receive a share in 20% of the ‘total sales volume each month’. Note that this isn’t Spinglo cashback volume but rather global membership fees revenue taken in by Enwire.
Production Bonuses are also paid out (again, no qualification criteria is specified), with Enwire claiming these bonuses are one time payments totalling up to 300,000 EUR.
Membership to Enwire comes in five different price points:
- Free – no cost (only able to earn Spinglo cashback commissions)
- Junior – 100 EUR
- Manager – 200 EUR
- Director – 600 EUR
- Executive – 1800 EUR
Enwire don’t specify if these are monthly or annual fees, but given they are paying monthly commission on them they appear to be monthly.
Spinglo by itself appears to be a legitimate cashback offer. You join Spinglo, download their shopping plugin and if you buy anything through their various affiliate programs earn a cashback.
Enwire have simply attached this to membership fees, paying out affiliates based on how many new affiliates they recruit and the amount of money they pay each month in fees.
Enwire do this using the old 2-up style compensation plan (recruit and pass up the commissions on your first two sales). Various services are bundled with Enwire membership but at the end of the day no retail products or services exist within the Enwire opportunity itself.
Enwire affiliates are simply paying a (monthly?) membership fee and being commissions out of said fees.
Free membership is of course offered but only provides access to Spinglo cashback commissions, which is not paid by Enwire. If you want to earn anything in Enwire itself, you need to pay to play.
At the end of the day, hitch a pyramid scheme to a legitimate cashback scheme and you’ve still got yourself a pyramid scheme.
I have analysed SPINGLO earlier, but ENWIRE is new. It’s probably a group of members trying to restart a collapsed pyramid scheme under a new name.
Note: All this is from memory. It’s far from perfect, but the main points are relatively close to the truth.
Spinglo was about selling memberships and earn commissions. It offered investments in other schemes as the main product, e.g. “hand picked opportunities”.
I believe it originated from Sweden in 2009. I have tried to check it a couple of times, and each time it either had a recent collapse or were close to its next collapse. That made it very difficult to get any meaningful answers.
Products were membership + Towah Card, as a “package”. It had 2 “products”, a €575 membership and a €1,725 membership.
The company behind it was claimed to be SYNKRONICE, registered in the UK. When I pointed out that Synkronice had been dissolved they gave me a new company name, where Synkronice was registered as a trading name.
When I checked it in January 2012, it had recently had a collapse around August 2011, and it was close to its next collapse. The CEO David Bosley had resigned around August 2011, but he appeared as CEO in a video 3 months later, a video called “1 year anniversary”.
It has never been very active in Norway, but it had a few participants. I don’t think it was very active in other countries either, except for maybe Sweden in 2009.
The UK, the Baltikum (Latvia, Estonia, Lithuania), and maybe some random countries somewhere.
A few corrections to my previous post about SPINGLO …
Spinglo was described as a “social network” and “membership portal” in January 2012, by a member. Membership should be free, but membership in the income opportunity required purchasing a “product package”, €575 or €1,725, containing a Towah membership and the right to sell similar “product packages” to new members.
It was also described as a “benefits network”, where the so called “benefits” were investments in other opportunities. They might of course have added other benefits since I checked it. I don’t write “reviews”, so I don’t check each and every detail.
The 2 SYNKRONICE company / trade name registered in the UK were these (January 2012):
The pyramid and Ponzi scheme market in Norway is rather “immune” to many projects. The few “professionals” in that market prefer to operate in other countries.
Aasmund Midttun Godal do not belong to any group of “professionals” I know about, e.g. compared to Bidify’s Frode Jørgensen or the people behind UNAICO/SiteTalk.
Thanks for the background information M_Norway. I vaguely remember a review request for Spinglo a while back but I might be mistaken.
And yeah, I didn’t look any further into it as they describe themselves as a social network. The shopping side of things appears to be a plugin which I don’t think costs extra.
Not for the purpose of earning in Enwire anyway, which just appears to be a piggyback operation.
I did a quick Google-search for “Synkronice”, and found mostly OLD stuff from 2010 and 2011. It simply can’t be very active.
6.5 minutes presentation (link disabled):
“Synkronice in heavy weather” (January 2012):
BTW, I don’t think the membership fees in ENWIRE can be monthly fees. It’s probably JOINING FEES (one time fee), allowing people to BUY a position rather than WORK for it.
Otherwise, the prices would be way to high for monthly fees. It doesn’t exactly offer much. 🙂
I thought they were annual fees too, but then I was left wondering what they’re paying monthly commissions with?
Monthly commissions = new members (I’ll guess).
I checked Aasmund Midttun Godal, and he doesn’t appear to be a professional networker. He’s selling SEO related software through 2 small companies. Connections to India and Germany are related to that role.
We have groups of “hobby networkers”, and he probably belongs to one of those groups. That’s normally about people with ordinary jobs doing network marketing as a hobby, or to stay in contact with that types of markets for other reasons, e.g. he might find some customers in that market.
And we have people having network marketing as a “Plan B”, e.g. by participating in programs from time to time and even organising something for other members (coaching, leads, software or whatever).
From my POV, ENWIRE isn’t exactly designed to have much momentum. There’s no identifiable business idea there, i.e. some highly profitable business project they can use to attract investors. People will need something they can BELIEVE IN, e.g. penny auctions, posting ads, doing surveys, internal stock market, luxus vacations or whatever. 🙂
As is quoted Enwire is “The network company is a wholly owned subsidiary of Enwire AB, a Swedish public company.” so this is quite clear.
This is a misunderstanding. The Associate Product Pack (with a full value of goods and services in Spinglo partner companies) is a once only purchase and there are ZERO on going membership fees, product purchase requirements, annual registrations or web office costs.
The 60-100% refers to the section of available residual commission received on the purchase of Spinglo partner goods and services on a monthly basis.
All levels of associates however earn the same commission on the Spinglo Stores shopping cash back app, including free associates. This is clearly stated in the presentation.
4-34% is the one off commissions on new associates product pack purchases in the network structure.
Building an associate network creates the network of Spinglo users connected back to an associates for means of residual product income form the revenues created by the Spinglo members.
Spinglo social media is now live in the first beta form. Free to join Spinglo is the product that associates promote. Through Spinglo recommendations and referrals to the partners in a social media context occurs.
Many and varied partner companies are and will be added and integrated with Spinglo providing the residual income for one time purchase of the Enwire associate position and down line network including those placed in an ‘autostructure’
Yes, it is still in the early stages but as further elements are added through 2013 the base of growth in Europe will expand to other parts of the globe.
I hope this clears up some confusion. The concept of network marketing combined with true social media and multiple products and services is a new one. It should be no surprise that it has taken some time in the development stage which has included the corporate structures, financing and management teams.
Vic’s information is correct the video of the presentation should explain exactly how it works.
Be happy and keep well!
The video shown in Vic’s post is not the opportunity presentation, this presentation is at (Ozedit: link to duplicate video removed) and will enable you to correct the errors and assumptions that have been made.
It would be better to replace the video in VIc’s post with the one I have included, on if you look at them both you will understand why.
The company address is available from the ENWIRE website and should you wish to contact the company click on ‘Get Started’ and at the bottom of the page is the ‘Contact Us’ ling with full address and telephone number.
By the way as a networker I am also interested in what is going on in the MLM industry. Keep up the good work.
Uh, the video you’re linkin to and the one Vic has in his post are one and the same.
Apologies for not getting around to updating this article sooner, I’ve had my hands full. Will get onto it over the weekend cheers.
Update, since the full social media platform was launched on March 31st it is Trig.com and not Spinglo. Trig Entertainment AB was an established Music/digital services company that is now the partner with Enwire.
The presentation is in the process of being updated but the concept and bonus pan remains.
(Ozedit: recruitment spam removed)
Seems rather strange to just dump SpinGlo after all that marketing.
Why the change or was it SpinGlo that dumped Enwire?
I guess a name is just a name. When the baby was born it was trig.com. Trig as an existing company with certain expertise seems an ideal partner.
Spinglo, the company is no more. The corporate management have long term significant plans so getting it right from the launch is key.
It will raise a few questions for sure but in a few months all will fade. My phone provider has just changed name. Seems quite common.
The SpinGlo website says they are going to “launch” sometime soon. The website gives an update deadline of March 25th however that doesn’t appear to have happened.
If SpinGlo shut down they should at least update their website to reflect so.
stay away from this scam thy have only changed the name so thy do not have to pay out the world bonus that was to be paid out at the end of the yr and also the spinglo spheres to it is being fronted now by this lot of con men.
graham cull and i was told a ozy scammer phil cook who owns it also all the dick head scammers from synkronice is still in it jonas jan eric its been a big ponzi scam from the start.
thy owe me over £10k which i will never see again and all my team have not had a penny stay away from it as you will lose all of your money as its all bull shit lyis.
also one of there level 7 guys gerwyn duggan is as we speek going to court for miss selling for synkronice by trading standards and if you don’t believe me contact trading standards in newport and ask them or call the police who arrested him in a meeting in newport.
In March 2011, purchased shares from Spinglo.
Got shares certificate issued under Spinglo Holdings Europe PLC through the post, but when the takeover happened, no notification to let me know of the change.
I don’t want to do Enwire, I just want to convert my shares. Anyone else? I want to start a group for people who want their money back from the SPS shares.
if you want to start a group up i am up for this.
I don’t think Spinglo was any success for the organizers, either. So I don’t think there’s much money left in the system.
I tried to check the project in late 2009 / early 2010 in Norway, but people active on the pyramid forum had hardly heard about it.
I tried to check it in July 2011, but with the same result. Last time I checked it was in January 2012, and then I got a few inputs in a forum thread, but mostly vague information.
* One answer from an experienced networker, but he had said “no” to a leader position he had been offered in Spinglo. He could only offer vague information. He was the type you will find high up in your upline, close to the top.
* A few answers from an “MLM junkie” / “true believer”. He had to ask his sponsor for details each time, so I gave up asking him more questions.
The lack of interest among the experienced ones in the Norwegian market is generally not a good sign. They will usually KNOW when a program has some potential or not, and which programs that only will be a waste of time and money.
In network marketing, the idea isn’t about BUYING shares. It’s about convincing your downline to buy it, and earn commissions from the sale. The shares are only a vehicle to distribute money from a downline to an upline. Your downline will get shares and experience while you will get money.
The only way to make money on shares like that is by SELLING them, typically to people you have recruited in a downline. If the recruitment of new investors slows down, the shares will be worthless (you can’t find any buyers to the shares you have). The money they brought in from you has been distributed to your upline and to the organizers.
There’s two main types of shares in network marketing.
1. VIRTUAL SHARES
An internal share market, with virtual shares. The idea here is that investments from participants will show interest from the market, and the shares will rise in price (just like in the stock market, the price for each share will rise if there’s many buyers competing to buy the same shares).
The shares themselves are worthless. It’s an internal “game” rather than a real market. You will make a profit if you’re able to buy the shares at a low price and sell them at a high price.
In network marketing, you will typically earn commission from shares bought by your downline. That’s the REAL way to make money there, recruit a huge downline of investors.
2. REAL SHARES
A company can offer shares in the company itself, selling the idea about “the next big thing on the internet” or similar ideas, e.g. “imagine how much these shares will be worth when the company goes pulic”.
Here you’re buying the IDEA that the company will become a huge success, and your shares will be worth more than you paid for them. You’re not buying anything of value other than that. You’re handling your money over to the company in exchange for vague promises.
“Going public” means the shares will be traded through a stock exchange, after an IPO (Initial Public Offering). Before an IPO, a company can offer PRE-IPO shares to raise money from early investors. Those shares will normally be close to worthless if the company don’t “go public”, e.g. if it’s sold to another company without going public first.
The main investors will have other types of shares, preference shares rather than PRE-IPO shares. If the company is sold, the preference shares will be paid first, the PRE-IPO shares will have to share the rest (if there’s anything left to share).
A company has sold e.g. $2 million in preference shares for $1 per share to main investors, and have sold $10 million in PRE-IPO shares for $2 per share to other investors. If the company is sold to another company for $4 million (before an IPO), the preference shares will be worth the full $2 million, while the PRE-IPO shares will have lost 80% of their value.
Don’t buy shares in companies where the only idea is to attract money from investors. They will eventually run out of new investors.
I knew they had some type of investments, but I only got vague answers when I asked about it in 2010-2012.
I have identified 2 common types of “shares” used in network marketing. Does any of them sound familiar?
I have found the Spinglo share offer on the internet …
Shares should normally not be sold in that way, i.e. as “tradeable products” sold through the company itself. That will almost always be a fraud. Shares in a company is a type of INVESTMENT, not a type of “product” or “service”.
Shares in a company will have to be registered and “licensed” before they legally can be sold to investors.
People have bought the idea about “How profitable the business can be” without checking the details, e.g. whether or not it has a real business idea (other than network marketing investments).
They have bought the idea of “business partners”.
SPINGLO HOLDINGS EUROPE PLC
List of directors:
One of the initial organizers (Per Jan-Eric Nyman, the owner of Nordic Health Solutions AB in Sweden)?
2 of the links here are in Swedish, 1 link is in Norwegian. I have disabled all links, they were meant as examples for WHERE information can be found about the business and the organizers.
I have found another connection between Synkronice/SpinGlo and Enwire/Trig
At spingloukdotcom.wordpress.com/home there is a “Synkronice Member Page” link that goes to jo74.member.synkronice.com – which is identical to the page at enwire.com
If a group is set up for Enwire I want to be involved as well. I have a vested interest and possibly access to non-public information.
A friend of mine has paid a one-off fee to upgrade his free membership in this MLM and is urging me to attend Enwire’s launch of all their new platforms at an event on Sunday 19th May between 1pm and 5pm (at the Park Inn Hotel, Bath Road – nr Heathrow, Middlesex, UB7 0DU)
It was a lot to find there, e.g. Millioo, Trig, ViralAngels, Stexon.
Registered in 2012:
Aasmund Midttun Godal is probably NOT the real organizer here, only the owner of the Norwegian part of it. The real owner is probably from Sweden.
In short, most of this seems to be recycling of old ideas, e.g. the Enigro / UNAICO idea.
* Enigro was a fraudulent investment scheme offered as a club to SiteTalk members.
* UNAICO was a pyramid / investment scheme, offered to SiteTalk members.
* SiteTalk is also involved in Enwire, as a “partner” or whatever.
I can translate some of the information in Swedish and Norwegian to English, but I can’t translate all of it.
The Swedish “Companies House” is named allabolag.se, the Norwegian is named brreg.no (ev. brreg.no/enhetsregisteret).
what we need is there address and who do we report them to in sweden?
we no its a scam i have a lot of emails sent in complaining about this lot we can use them to also viral angels should not be selling shares to thats y that charge a fee for their club.
i have over 2000 shares in that and i have ask them 10 tomes now to send them and they dont its all a big scam run by con men and we need to get the lot of them.
Yesterday and today I have repeatedly tried to post a lot of information but only three times have my posts gone through. There must be some editorial blocks I am falling foul of. Can I post links? Is there a charter limit?
Recognise the SiteTalk logo here?
The shopping portal millioo.com is being launched today at the event that trig.com members have been invited to and which I detailed above.
I wonder if this shopping site will be set up like the other shopping scams we all know?
well we no its a big scam run by con men its the people that fall for it. makes me laff all of the nutters that was in spinglo are still in this and they still believe they are still going to make money.
they say there is one born every min in mlm there are 1ooos who ever gets involved with this lot if it synkronice spinglo enwire trig whatever they want to call it there is mo money in it.
what we need to do is inform all trading standards the police as we can to get them and post as much as we can on every forum to tell everyone about this lot and even find out where the next meeting is and go there to face them head on.
they are sick people that can get a job so thy rip people off to make there living sad rely.
Nothing in the spam bin so don’t think the problem is on this end.
i dont no what is wrong but if you want to email me direct its (Ozedit: email removed). Anyone who has had dealings with this lot in synkronice spinglo thanks ray.
also one of there top guys gerwyn duggan is in court by trading standards for miss selling so we may get one of them and i will get the rest of them if it takes me 20 yrs to do it i will get them.
First of all, try to find out whether or not it’s WORTH the effort, e.g. potentially bring you some monetary refunds. That should normally be the primary motive.
From my viewpoint, the money invested in Spinglo Holdings Europe Plc has already been lost. It was a fraudulent investment scheme, set up to attract money from investors.
Fraudulent investments are typically handled by Financial Supervisory Authorities in different countries, or by police authorities.
* Norway: Finanstilsynet, finanstilsynet.no
* Sweden: Finansinspektionen, fi.se
* Denmark: Finansstyrelsen, finansstyrelsen.dk
I’m not very familiar with their work. Here’s a link to the Norwegian authority’s “About” page in English:
I’m not very familiar with that part of the market at all, e.g. banking, investments, stock market. It means I can’t add much information other than vague and general info.
AUTHORITIES IN NORWAY (SWEDEN IS RELATIVELY SIMILAR)
In Norway, SOME types of investment frauds will be handled by Finanstilsynet (that’s typically about publishing warnings, administrative “investigation”, cross-border contacts with similar authorities).
OTHER types of investment frauds will be handled by a centralized police department “ØkoKrim” (okokrim.no), “Economical and Environmental Crimes”. They will typically handle the big cases, not the smaller ones.
Most smaller investment frauds will normally be handled by the local police.
The best way to solve problems is normally to get an overview first, and establish some “key findings” (e.g. WAS it a scam or was it not, type of scam, the people involved in organizing it, where can the money potentially have ended up).
That will help you find the next step, e.g. to sort between the different authorities and find the right one. It will also help you to present the case correctly, give them lot of valuable information so they can get started DOING something.
I have worked in that direction all the way through the last few posts.
1. Tried to find WHERE I can find information, and WHAT I can find there, without diving too deep into the details. I’m still at that stage.
I have tried to dig up some information people POTENTIALLY can be interested in, typically “background information” about the company, its management, the investment.
2. The next step should normally be to ORGANIZE the most important parts of the information, be able to present a “whole picture” rather than a small part of it.
3. The third step should normally be about making decisions, e.g. what to do, who to contact, etc.
Posting comments will fail from time to time, but not very often. It will usually go directly to an “Internal server failure” message, but in most cases the comments have been accepted anyway.
In rare cases the comments will simply have disappeared. I experienced one of the rare cases some days ago.
This article is PRIMARILY about Enwire, not about Spinglo. We can’t “drown” the comment thread in too much Spinglo investigation.
One solution can be to move the “investigation” to a forum, e.g. the RealScam.com forum. Several of the people posting here do also post there. The style is relatively similar, but realscam.com is MUCH more focused on scams rather than businesses.
I have created a new thread on the realscam.com forum:
Please fill in some more details about the network and the opportunity, and about the investment offer. I have added SOME information, but mostly vague and general.
This concept seems to be a stock market scam, trying to artificially drive up the share price for a publicly traded Swedish company CELLPOINT CONNECT AB (ticker: CPNT), or eventually for ENWIRE AB (or both).
It’s a “next big thing on the internet” marketing scam, trying to sell the “potential revenue” by combining social media with marketing of products. They have probably BOUGHT member lists from Spinglo, SiteTalk and others to simulate real interest in the market (they had nearly 4 million REGISTERED members before launch).
The scam here is how things are presented to the stock market. “Registered members” doesn’t actually mean people are members, i.e. have signed up voluntarily
Here are some of the findings:
CELLPOINT CONNECT AB (Chairman: Andrew James Guthrie)
owns 92% of TRIG ENTERTAINMENT AB
which owns the website TRIG.COM
which is licensed to ENWIRE AB for 15% royalty
Market value (May 17 2013, after weeks of marketing):
290 million shares * $0.015 = $4.35 million
Source (Swedish stock market website):
ENWIRE AB (Chairman / CEO: Andrew James Guthrie)
owns (partly or fully)
Source (press release in Swedish):
Source (Swedish “Companies House”):
TRIG.COM is the new Spinglo, after a name change.
Here’s a list of people involved in Enwire:
I have also watched a scary investment video, where ViralAngels’ CEO John Anthony Norman shared his investment philosophy. “Shares are like products. They are worth something if people want to buy them, and then you can print more shares and sell them. The money it will bring in can be invested in other companies. If nobody want to buy the shares, they will be worthless like used toilet paper.”
The business idea is simply to start a company, print shares, sell them to anyone who wants to buy them, reinvest the money it will bring in, sell the empty company people have invested in to one of your other companies for a low price.
John Anthony Norman has several companies in Sweden:
“Person verksam i bolaget” will normally mean “CEO in the company”.
All I can suggest is that you go and but some shares that no one else wants to buy. THAT would be a scary investment philosophy.
i have just had the police sent to my home from a graham cull as i have been sending him emails what a laff.
this lot are the big scammers its make me what to do more now to get this lot. so if anyone has had delings with this lot of con men i want to here from you or can you send me your conplants in to me i will get ever one of them thy can run but thy cant hide.
I did som pr work (the new millio movies). They owe me 3200 euro. I am still trying to get hold of my money…. They change mobile phone numbers once a week .. And the office is an answering machine.
What is this the MLM version of a boiler room?
A boiler room has been defined as a place where high-pressure salespeople use banks of telephones to call lists of potential investors (known as “sucker lists”) in order to peddle speculative, even fraudulent, securities.
Some of the most successful investors have used exactly that philosophy, “buy the company itself rather than buying some shares”, preferrably under valued companies.
The scary part was that the main business idea was about the printing of shares / raising money in a market, rather than about real, sustainable and profitable business activities. As an investor, that will make you too dependant on “the bigger fool theory”.
One of the problems with “bigger fool theories” is that the behaviour itself is foolish in the first place. You will need to surround yourself with bigger fools than yourself to be able to make any profit.
You will actually need to become “one of them”, e.g. talk the same language, share the same interests, believe in the same ideas, and so on.
The idea may work for a while, e.g. people will gradually become more “qualified” in what they’re doing. But when the MAIN idea is to attract bigger fools than yourself by acting like one, you will eventually reach a level of qualification where they become TOO foolish, e.g. foolish enough to ruin the business rather than building it.
Americans call this “pump and dump”. It’s stock market fraud.
Boiler room is also used to pitch “internet marketing”. SaltyDroid.info and TheVerge did a good article on “The Syndicate” that runs a few who managed to squeeze tens of thousands of dollars out of old and sick people looking for easier income. (30K out of one individual, for example)
Mr Underwood how do i get in contact with you?
Look for his website. It’s just his name.
In most sustainable businesses, it will be the company itself that has to generate value for the shareholders, rather than the stock market – by manufacturing, marketing and delivering products into a market, rather than treating the shares a marketable products.
It was simply that flawed idea I was pointing out:
“Shares are like products. They are worth something if people want to buy them, and then you can print more shares and sell them. The money it will bring in can be invested in other companies. If nobody want to buy the shares, they will be worthless like used toilet paper.”
I pointed out a SPECIFIC flawed idea, not a general idea about share prices or about trading shares.
People joining investment opportunities like that are simply big fools trying to surround themselves with bigger fools. That idea only makes some sense if you are one of them yourself.
The “bigger fool theory” works on the principle that you actually will need to BE one / BECOME one yourself. You will seriously need to BELIEVE in the idea that there’s plenty of bigger fools out there in the market, eagerly waiting for a chance to become the biggest one.
anyone who wants to chat to me about synkronice and spinglo scam you can call me on (Ozedit: phone number removed)
I’m not really interested in chatting, but what have you done so far? (Other than being contacted by the local police for sending threatening e-mails to Graham Peter Cull). 🙂
Synkronice / Spinglo was probably organized from Sweden, but with local organizers in other countries (Ireland and UK as the most important ones).
Enwire AB is either a copy of the same idea, organized by the same group of people, or it can be a new idea organized by others, where they simply have bought the Spinglo member list.
Cellpoint Connect AB’s main business idea seems to be to buy worthless companies created by people in the same group (or by genuine third parties), by printing more shares and use the shares as a currency to pay for the companies they’re buying.
Another part of that idea is to raise money from investors by printing shares / publish presentations in different markets / pump and dump the share price.
Cellpoint Connection AB may have been the main organizer here. It tried to do real business many years ago but failed, and after that it has mostly been in the “print shares” business, combined with “buy worthless companies” and “buy Irish and Swedish real estate” (from what I believe are partners).
… is not to send threatening e-mails to one of the minions, but to build up a potential case by collecting and sorting information.
If you look at post #1, #2, #4 and #20, you will see that my insight into Synkronice/Spinglo is rather vague. I will not be able to identify whether or not people or companies are connected to each other.
E.G. I have GUESSED which countries the network was active in, I had only heard RUMOURS about investment offers (no details about how it was organized). You posted some vague information in post #15 about “the same people are still in it” …
“Jan-Eric” is probably Per Jan-Eric Nyman (1968, Hamar, Norway),
the owner of Natural Health Solutions AB,
the owner of Internet Inqbator in Sweden AB,
probably married to Kristina Sunniva Nyman (1974, Hamar, Norway).
“Jonas” can be Eric Jonas Andreas Werner? The name popped up at the same time as Per Jan-Eric Nyman, when I searched for ownerships to the companies.
I have NOT been able to connect any of them directly to Cellpoint Connect AB, other than Jan-Eric Nyman in a position in Enwire AB:
BTW, Cellpoint Connect AB has bought real estate in Ireland and Sweden in 2012/2013:
Devbell LTD, Ireland: 10.842.000 SEK (paid in shares)
Agsont LTD, Ireland: 13.835.800 SEK (paid in shares)
Unknown, Ireland: 14 176 377 SEK (probably paid in shares)
Fältharen Fastighets AB, Sweden: 3 750 000 SEK
I have a suspicion that some of the money from the Spinglo / Synkronice investments have ended up there.
Both those companies were set up by John K. Brennan and Tomas P. Brennan in March 2013, but Cellpoint Connect is the actual owner.
LOOK I DONT NO WHO YOU ARE OR WHERE YOUR GETING YOUR INFO FROM YES THE POLICE DID CALL BUT WHEN I TOLD THEM ALL ABOUT IT THY WAS OK AND I PUT IN A REPORT ABOUT SYNKRONICE AND SPINGLO.
AND CAN YOU KEEP MY PERSONAL INFO OF HERE IF YOU WANT TO CHAT THEN I HAVE GIVE MY NUMBER TO YOU IF YOU WANT TO GET THIS LOT AS I DO THEN WE NEED TO WORK TOGTHER ON THIS.
THY THINK ITS OVER WITH MY AS THE POLICE CALLED BUT ITS FAR FROM IT WE NO ITS A BIG SCAM. I NO JOHN K BRENNAN I WHEN OVER TO SEE HIM BUT IF YOU HAVE ALL THIS INFO Y ANT YOU DOING SOMETHINK WITH IT.
LETS STOP CHATING ABOUT IT AND DO SOMETHING.
I’m one of the regular contributors here, covering the market in Norway. I’m also relatively neutral, focusing on factual info about companies rather than “who is involved in what”.
The info about the police was from your own post #37.
The info in my post #47 comes mostly from when I initially checked Cellpoint Connect AB / Enwire AB and all the other related companies, around May 20th. Sources for the information have mostly been official company reports from Cellpoint Connect AB to Aktietorget.se (the Swedish “Pink Sheet” Over The Counter stock exchange).
This website is primarily designed for MLM reviews and related stories, so “related scams” will often be too off-topic and too detailed for this website. I suggested realscam.com as a solution, a forum rather than a blog.
I don’t chat. I offer mostly publicly available information or the sources where people can find it, aimed towards a wide range of readers, e.g. people searching the internet for information about Enwire AB and the opportunity there.
I’m checking the companies rather than people, but I’m also identifying owners / management in the companies I’m checking. Absolutely all information I have posted have been publicly available on the internet, e.g. through official companies registries databases in different countries.
That’s exactly what I’m doing, posting the info currently available to me through official sources, “in case someone is interested”.
They haven’t cheated ME, so you can’t expect me to engage in anything other than posting the information I can find. If you want to sue someone or something similar you’ll need to find the methods yourself.
My first priority here is to post information in a Norwegian forum, all the official information I relatively easily can dig up about the Swedish companies connected to CellPoint Connect AB. My second priority is to post the most important parts of it here.
well with all this info you have good who do we report it to?
it is a scam so if you are good at getting info tell me who i need to report it to in sweden or ireland so i can send it to them. i know what to do in the uk gerwyn duggan is already in crown court so we may get him but its the crocks at the top i want.
I have been busy browsing through stock exhange documents for Cellpoint Connect AB. It was an ordinary company until late 2009, but it had too little revenue.
Its current business idea seems to be about attracting money from investors by selling IDEAS about how profitable something will be in the future, an idea similar to the investment offer in Synkronice.
INVESTMENT SCAM / PYRAMID SCHEME
First of all, the Spinglo Europe Holdings PLC investment offer was an investment scam, not a real investment. You bought the IDEA that the business would become highly profitable, but the only money coming in came from the investors themselves.
The investment opportunity simply collapsed when investors stopped injecting more money into it, when the recruitment slowed down. The organizers made a profit, and so did probably some of the recruiters too.
The collapsed investment opportunity was later sold to another company, owned by the same group of people. I haven’t found any information about that transaction. That’s a so called “Exit Plan”, a controlled shutdown rather than a chaotic collapse.
“WASH, RINSE, REPEAT”
When the investment popped up now under a new name as Enwire AB, it’s a “new” opportunity for new investors. Some of the old investors were probably offered positions in the new opportunity, but the investments in the old opportunity have been lost.
Synkronice was simply a pyramid scheme, selling investments and “product packages” to members. The company itself wasn’t worth anything, and neither was Spinglo. Spinglo was a recruitment method rather than a business.
You should report it to your own downline, “the investment was a scam, and the money has probably been lost”. If you have trouble explaining it to your own downline, you can send some of them here.
If you want to report it to anyone else, you should dig up factual information about what really happened there, e.g. about “who was involved in what, the people organizing the scam”.
“ILL GOTTEN GAINS”
If your intention is to get some money back you’ll need to focus on the people at the top of the foodchain rather than on the minions in your nearest upline.
“Money lost” is only about your own principal investment. Pyramid schemes do NOT pay “ROI”, “profits”, “commissions” or “salaries”, they only redistribute other people’s money upwards in a “system”.
You have a very weak case if they promised you something they haven’t delivered, e.g. a yearly “leadership bonus” or anything like that. Empty income promises are part of the same scam as empty investment return promises. The main purpose is to motivate people to recruit and invest.
hi can you get me any soled proff of this as i can pass this on i want to get this lot if it kills me
I’m a Enwire member from Switzerland and I’m interested to know what’s happening with Enwire and Trig.
its a big scam do not go in to it
I came across this website and I am chilled to the bone.
I am in Tanzania and so many people have joined Viral Angels from Tanzania, Kenya and Uganda. I almost joined but I thank God that i came across this site. People are earning through the recruitment of new members and many have been awarded the fast moving trig shares.
It will be scary to share this information with them, but otherwise, where can someone report such scams?
Previously people have been scammed with TelexFREE and the wounds are just painful.