FlexKom Review: Merchant network and recruitment
FlexKom operate in the e-commerce MLM niche and appear to be based out of Germany under “FlexKom Europe GmbH”.
I say appear because further research into the company revealed several instances of the company’s affiliates claiming that FlexKom was headquartered in Turkey.
This is supported by the fact that FlexKom’s website domain (“flexkom.com”) is registered to a “Cengiz Ehliz” (the owner of FlexKom), with a provided address in Ankara, Turkey.
FlexKom was founded in 2010 and is headed up by CEO Asker Sakinmaz.
On his personal website, Ehliz (photo right with Asker Sakinmaz (right)) claims to have begun his network marketing career in 1993, however no involvement in any specific companies is mentioned.
Turkey was chosen as the first country to test FlexKom’s business model in, with the company now looking to expand internationally.
Read on for a full review of the FlexKom MLM business opportunity.
The FlexKom Product Line
FlexKom themselves have no retailable products or services. The company sells “FlexCards” to its affiliates and participating store owners, which they are then able to sell of give away to consumers.
Each FlexCard is loaded with 20 EUR worth of “FlexMoney”, which is a virtual currency used by FlexKom.
FlexMoney can be redeemed for cash or used to purchase products online via FlexKom’s various shopping portals (stocked by third-party merchants participating in the FlexKom merchant program).
FlexCards can be used to earn discounts on products and services offered via the FlexKom merchant network, as well as for keeping track of customer’s cashbacks from merchant partners.
FlexKom claim that 1 FlexMoney is worth 1 EUR.
The FlexKom Compensation Plan
The FlexKom compensation plan revolves around affiliates and participating merchants purchasing FlexCard from the company as well as purchases from merchants within the FlexKom merchant network.
Merchant Commissions
Merchants can earn money on each customer they give a FlexCard to.
Merchants sign up to FlexCom for 330 EUR and are provided a fixed number of FlexCards to give away or sell to customers. I believe merchants are able to order more FlexCards from FlexKom if they run out, however this wasn’t clarified in any compensation material I cited.
In anycase, everytime a customer receives a discount from a merchant in FlexKom, the merchant pays an equal value to FlexKom in fees.
Eg. If a merchant offers a customer a 2 EUR discount, they must also pay an additional 2 EUR fee to FlexKom.
This fee is then split up with FlexKom keeping 40% of it and 60% being paid out via the compensation plan.
Of this 60% paid to the FlexKom compensation plan, merchants receive a 20% commission each time one of the customers they gave a card to receives a discount from another FlexKom merchant, thus generating a fee for FlexKom.
Eg. A customer purchases a $10 widget and receives a $2 discount. The widget merchant pays FlexKom an additional $2, of which FlexKom keeps 80c (40%). The remaining $1.20 (60%) is paid out via the comp plan, with the referring merchant receiving 20% of the $1.20 (20% of the 60%).
Affiliate Commissions
Referred to as “franchise partners”, FlexKom affiliates are paid commissions on the purchases made by businesses they refer and on the fees generated by customer purchases.
How much of a commission an affiliate earns on these purchases depends on how much money they pay in initial affiliate membership fees to FlexKom:
- Basic Franchise Partner (E-Biz Kit, 149 EUR a year) – able to earn 5% on customer and referred merchant purchases
- Junior Team Member (399 EUR) – 10% on customer and referred merchant purchases, 20 FlexCards included (20 FlexMoney preloaded onto each card) and able to recruit new affiliates within their home country
- Business Team Member (799 EUR) – 15% on customer and referred merchant purchases, 50 FlexCards included (20 FlexMoney preloaded onto each card) and able to recruit new affiliates within their home country
- Global Team Member (1490 EUR) – 20% on customer and referred merchant purchases, 100 FlexCards included (20 FlexMoney preloaded onto each card) and able to recruit new affiliates globally
Note that Basic Franchise Partners are unable to recruit new affiliates.
Recruitment Commissions
In addition to customer and merchant network commissions, FlexKom also pays out recruitment commissions on the recruitment of new affiliates and any FlexCard purchases they make.
Recruited affiliates are sorted via a unilevel compensation structure, with level 1 being personally recruited affiliates, level 2 being any affiliates that level 1 affiliates recruit and level 3 being any affiliates that level 3 affiliates recruit and so on and so forth up to a maximum of 6 levels of recruitment.
How much of a commission earnt depends on a FlexKom affiliate’s membership rank. There are seven membership ranks within the FlexKom compensation plan, and along with their qualification criteria they are as follows:
- Business Distributor (buy Basic Franchise affiliate membership) – unable to recruit new affiliates so no recruitment commissions paid
- Team Member (buy Junior Team Member or higher affiliate membership) – 5% on level 1
- Marketing Manager (recruit 3 Team Members) – 10% on level 1
- Sales Manager (recruit 3 Marketing Managers) – 15% on level 1, 1% on level 2 and 2% on level 3
- Sales Director (recruit 3 Sales Managers) – 20% on level 1, 1 % on level 2, 2% on level 3 and 3% on level 4
- National Director (recruit 5 Sales Directors) – 25% on level 1, 1% on level 2, 2% on level 3, 3% on level 4 and 4% on level 5
- President’s Team (recruit 5 National Directors) – 30% on level 1, 1% on level 2, 2% on level 3, 3% on level 4, 4% on level 5 and 5% on level 6
Note that at all affiliate membership ranks, 149 EUR out of the initial affiliate membership fee is non-commissionable.
Car Bonus
Starting from the Sales Manager affiliate membership rank, affiliates are provided a leased car to use. As an affiliate is promoted the value of the car provided also increases.
Bonus Pools
A share in a bonus pool is offered to Sales Director ranked affiliates and above:
- Sales Director pool – 1% of FlexKom’s global revenue
- National Director pool – 2% of FlexKom’s global revenue
- President’s Team pool – 3% of FlexKom’s global revenue
Flexi-Kobi City Coordinator Bonus
When FlexKom enters a new country they zone off areas by population. Flexi-Kobi Zones have roughly 100,000 people living in them and 5% of the shopping volume in any zone is paid out as a bonus ot the affiliate who has the largest downline in that zone.
Joining FlexKom
Affiliate membership to FlexKom is available at four levels, with the more money spent on membership resulting in a higher percentage commission being paid out on merchant fee revenue and merchant purchases.
- Basic Franchise Partner (E-Biz Kit) – 149 EUR a year
- Junior Team Member – 399 EUR
- Business Team Member – 799 EUR
- Global Team Member – 1490 EUR
Conclusion
I don’t know what it is about European e-commerce MLM companies but they always seem to give me a big headache when I try to analyse them.
For starters nothing but vague information is provided on FlexKom’s website about the mechanics of their compensation plan and what their MLM income opportunity is about.
What information is presented is then a mixture of perfectly understandable English or is written in German (this is with the “English” language option selected).
There is no excuse for such a poorly presented website for any MLM company looking to enter into English-speaking markets, much the less operate on a global platform.
That said, from what I have been able to piece together via research first and foremost the thing that stuck out at me was the deficit between affiliate and merchant money going in and FlexMoney being generated.
Each membership level generates more FlexMoney then affiliates put in to purchase the cards.
FlexMoney is of course a virtual currency only worth something within the FlexKom opportunity, however the company does claim 1 FlexMoney is worth 1 EUR so how they pay out more than affiliates pay them for the cards is a mystery to me.
The idea might be to recover costs eventually through the merchant network (shopping) however this does appear to be a bit of gamble.
That is of course if affiliates even bother to focus on the merchant network at all.
Whilst FlexKom’s merchant network appears to be a legit cashback system (with cashbacks offered by the merchants themselves), unfortunately it appears to be attached to a recruitment driven scheme.
Affiliates can join FlexKom, completely ignore the merchant network and earn commissions on the recruitment of new affiliates, who also can ignore the merchant network altogether.
Commissions on new affiliates joining FlexKom are increased by solely by an affiliate recruiting more new affiliates, with later requirements requiring an affiliates downline to recruit more and be promoted themselves. How much an affiliate earns (purely in recruitment commissions) has nothing to do with how much revenue is generated in merchant fees (via consumer discounts).
The mechanics of how these recruitment commissions are paid out are completely detached from FlexKom’s merchant shopping network.
And on the topic of merchant discounts, having to pay FlexKom a 100% matching fee on any discounts offered to customers doesn’t seem all that attractive.
A merchant who signs up a lot of customers might generate the money back via the 20% commission, but that’s assuming the customer spends money at other FlexKom merchants.
In anycase, given the recruitment commissions offered in the big picture it’s only a minor issue.
Affiliates being able to earn commissions via the recruitment of new affiliates (who go on to do the same to earn commissions) is a glaringly huge red flag that needs to be addressed. Otherwise, apart from an attached merchant network there doesn’t appear to be anything differentiating FlexKom from your regular run of the mill “pay-to-play” pyramid scheme.
Footnote: I was unable to find the cost of FlexCards for affiliates and merchants (purchased after signing up), if someone is able to provide that I can add it to the review.
Checking European laws, it says that “virtual money” thus far are not illegal (which is NOT they say they are legal, it’s “undefined / unregulated”) But they were citing examples like Bitcoin and SecondLife Linden Dollars, not these no-name players like FlexDollars.
Here’s the European Central Bank study on this issue, dated only 6 months ago.
http://www.ecb.int/pub/pdf/other/virtualcurrencyschemes201210en.pdf
Any one joining this should look VERY VERY carefully at the refund policy and if they failed to refund, what can you do (i.e. who can you sue).
This bears MORE than a passing resemblance to the Ponzi scheme used by David Murcia in Colombia (DMG Grupo), where he sold cash cards which can be used at merchants for discounted services and if you get additional people to buy in you get more than you put in back, up to 150% depending how how many people and how much they buy in.
That is about a different type of virtual currencies, the ones used in online games like “World of Warcraft”, “Second Life” and others. It can be bought online, and can be used inside the computer game to upgrade your warrior.
I don’t think we should mix in that. They don’t pay any ROI like a Ponzi scheme, but they do pay a profit for experienced players willing to spend some time on collecting bonuses, and selling the virtual currencies they generate to other players. “Rich players” pay “poorer players” for the time they’re using to collect bonuses.
Virtual currency isn’t a problem in itself. Different types of virtual currencies have been around for hundreds of years, e.g. slot machine tokens, casino chips.
It’s the USE of it that can become a problem. When found in a business opportunity, it’s typically a red flag if you can’t find very logical reasons for it.
Payouts in virtual currencies that can be reinvested are typical for Ponzi schemes and other investment scams. Using virtual currencies in a poker game is completely normal. So it’s about HOW it’s being used.
Ah, but you know the Ponzi schemes will insist on mixing them, then you have to explain which one is *really* virtual currency and which one is not.
Which is why I raised the similarity to DMG Grupo’s Ponzi from a while back… virtually same modus operandi.
Just thought I’d share the following correspondence from a Flexkom affiliate, upset over my classification of FlexKom as an MLM company (unilevel):
My reply:
Fally’s response:
Hoogboom!? Oh noes!
I didn’t waste any time replying but seriously, these are the kind of emails you get when you run an MLM blog…
“Marquis Erwin Fally de Bats de Launay from Hoogboom”
!!!
sounds like a character from harry potter and the deathly hallows 🙂
It sounds like a “True Believer”, believing in different sets of theories related to “Sovereign Citizens” and “Freeman on the Land”, combined with theories about “If you convince yourself about something, it will eventually become true”, combined with daily efforts to live out those theories and create “affirmations” about that they really are true.
If it’s exaggerated enough, it might actually be “an academical joke”, a type of “parody” too complicated for people to understand if they don’t share similar ideas about “jokes” (what’s funny, and what isn’t), e.g. “Poe’s Law” (a method typically used in political and religious discussions, where people are getting “emotionally engaged” in the discussion itself).
norway , in defence of de batty, may i submit that if he is a freeman on the land, he probably does not want to ‘contract’ with google and hence cannot use emoticons to establish his parody .
however his exaggerated use of language [which is non corporatised and hence can be used under common law ] ,and purposeful rebellion against spellcheck ,shows us that freemen can create identifiable parody ,freely outside the boundaries of poe’s law .
if he did not intend this as parody then i fear for the kingdom of hoogboom .
🙂
my smiley is in deference to mr poe’s law .
Hi, this is very funny absolute no reference to their claims offices in UK, Amsterdam USA, where are they what is the address? What is there registered company address? Who are their accountants?
What plc company has that kind of website, poor design completely amateur site the flexkom.com. They claim to have thousands if customers where are the official company accounts?
Plc means public limited comp. Ad such they have to provide their accounts and formally be registered in a country and financial details should be independently verified! This does not appear to be legitimate!
There’s more but I can’t be bothered u ppl should do ur own research I wouldn’t hand over a single penny to them. Thanks for reading.
You hit the nail on the head Adam, a very close friend of mine has already paid them EUR1400 – he told me about the opportunity and got me all excited! However something was not adding up, he couldnt explain fully how you would make money, the model just sounds too good to be true, thats if you can imagine making some sense of it.
After doing a little research online, I told my friend what I thought of this scheme, at first he was a little unhappy with me so he thought i was trying to avoid paying up right! however I forwarded a link to some sites where the information cannot be verified.
Mr mark stokes blog in the following site mark-stokes.com/tag/flexkom-uk/ talks about “Voted fastest growing company in Europe 2011” where is the proof? Can anyone find them listed here? businessinsider.com/fastest-growing-tech-companies-europe-2011-11?op=1
There is alot more to this, there are some forums talking about pending court cases against them in turkey, I have not been able to verify this at the moment.
The flexkom site is terrible, your right what type of PLC company is this this? it does appear to be a pay to play scheme as the author of this blog has mentioned. Again very frustrating there are quite alot of MLM networkers promoting them on their own blogs and mini websites with loads of charts all showing something about growth, money, and dream cars, but how?
If i am the dumb one please ignore me, but I have been in business myself for a long time and I am struggling to make any sense from this opportunity, and also the letters above Erwin Fally from hoogboom! cant stop laughing.
That “marquis” lives in the village of Hoogboom, part of the municipality of Kapellen in Belgium. His name is Fally, the name of his mother is “de Bats”, but I don’t know where he gets the name “de Launay” from.
Bernard René Jourdan, marquis de Launay (1740–1789) was the French governor of the Bastille, the son of a previous governor, and commander of its garrison when it was stormed on 14 July 1789. (Wikipedia)
I guess he invented a name to make him seem more important then he is. In Dutch we call that “gebakken lucht” (literally “fried air”), something worthless that is given an impression of value, just like the whole Flexkom scam.
I don’t know anything about the ‘execution’ of this particular company, but if a group of networkers would actually come together using Mobile and eCommerce technology to drive a symbiotic exchange between the traditional local, small & medium sized brick/mortar business merchants within all these various geographic community clusters around the world AND THEN connect all THOSE communities via the internet…..and reward everyone equally for staying together for consumer purchases….This one would be a very interesting commercial endeavor…
Are they open yet in the USA?
I haven’t really been keeping tabs on Flexkom but I believe things might have stalled, stemming from problems in Turkey.
I guess now they are moving into the U.S. market. I was pitched today by an old business associate who is into multi level marketing.
I was told Visa tried to buy them, which I find hard to believe because the technology has been out there for years and so has the same old scheme of getting rich.
Whatever the product, when you have to bring other people in to make money, it is a pyramid scheme to me but now everyone seems to use the word Affiliate! Americans might not be so quick. We learned from Bernie Madoff.
I was asked to pay $2200 to become a distributor and then would have to talk merchants into shelling out $500 to join the program. There was talk of winning Mercedes and even a house.
Without a huge network of merchants and consumers willing to shop at these store or it is just a matter of time before the poor unsuspecting distributor and merchant are left holding the bag.
@maron: these are almost exactly my thoughts back in 2007 when I joined “IQ Concept”, an almost identical project of “Cengiz Ehliz” before “FlexKom”. About 2000 partners / affiliates / independent reps lost 2.5. to 3 Millions Euro.
The Grand Opening took place in Aschaffenburg, a town about 50km east of Frankfurt in early March 2008. The next day the web servers were down and never came back and I’d lost 1500 Euro.
The concept is great … but it would take a lot of money, and I mean A LOT to do something like this. Remember, Jeff Bezos started Amazon in the nineties offering 6 books over the net. BUT, he had time to grow. However fast it grew he had time.
Now, if you want to start something kind of similar re. the size of the operation and kind of over night, with thousands of affilliates waiting on the edge of their seats, it would require huge capital.
Bottom line: stay away from “Cengiz Ehliz”. He is very clever and a very convincing elegant pusher, period.
There is a lot of material on the net but mostly in German. Here is a Turkish link:
fakeflexkom.tr.gg/FRAUD.htm
It seems game over for FlexKom in Turkey.
Hello I write from Italy where he is beginning Flexkom. Tanti my friends bought the license and are losing their heads expecting to become milionari. Alcuni lascaire want their work to devote himself entirely to Flexkom.
Sono was in a meeting and it seemed very ambiguous, insist on recruiting people to their business and those who do not are told that they want to work and did not mind aperta.
Mi seemed to attend a meeting of members of a sect, led by applause, laughing at comendo what it says on the leader. Guardando in the various sites of the internet I have not found a lot of information and I have also written to the embassy in Turkey Flexkom asking for information, but I have never risposto.
Qualcuno has new news about it? look at my friends completely hypnotized by this thing that will perhaps bring them to rovina.E ‘may not have definite news whether it is a fraud or not?? with good day
Dear pachita,
It is a scam. your friends will not become millonaires. They have spent money to make someone else millionaire. Please tell them to not quit their job and start investigation MLM.
I came across this concept 25 years ago and it always seems to rear it’s ugly head once in a while. And yes, I also lost money…25 years ago. It was called NSA and it was much better organized than Flexcom.
I thought I was going to be a millionaire….guess what? It didnt happen.
Hello, Guys i dont think u Ppl have any idea about flexkom its simple before criticising try to know exactly what u staying.
this Company is European Based and remember the Germans are very secured in Terms of Freud .once a Company Operates in Germany,be sure that its very clean and positive, and all the Information they give you are right just that u Guys think anything you dont have an idea is wrong.
its simple if u understand. try to and stop Running Ur Mouths You either Join. Or stop criticising..period.
@Sarja
Orly? Please enlighten us then.
How interesting.
Fascinating.
Considering “the information” is sourced directly from Flexkom’s own compensation plan… are you suggesting the company is deliberately misrepresenting their business model to the public?
I think the “problem” is that Flexkom’s business model is entirely understood. We’re just not interested in making up excuses to make ourselves feel better about having to suck new recruits in.
And there it is. What Flexkom is and has always been about. Joining.
(don’t forget to hand over your money when you join)
@ Mr. Sarja Darboe
Stop criticising? Why?
You have a problem as we are in Europe – I’m afraid not yet in USA – meanwhile very well informed about The Flexkom Scam. I will keep it short. Just google on words flexkom and scam and you will find many blogs in Europe.
After the collapse in Turkey it’s almost game over in Netherlands, even before the start of a pilot phase (why again a pilot phase when the system is ready and working as Flexkom claims?).
The launch of their fantastic, unique, genious, many times awarded and patented (lol) system should be around 3 weeks ago on October 26th, which was a delay of months of what they promised before. But – as you can guess – the ‘product’ of this ‘company’ is still not working, it is full with failures and it will never work.
They don’t have skills, knowledge and structure. The only skill of The Thumbs is building pyramids, collect ridiculous fake awards and collect money (real money) from very, very, naieve people. FlexMoney, FlexCall, FlexKobi, FlexHotel (tonytravel.net), FlexHoliday (special.de), FlexBank, FlexFlex… this kind of rubbish should be a Worldwide Mega Mall?
Their magic words will always will be: coming soon… Look at us.flexkom.com. It’s all coming soon…. Just to keep the sheeps on board and find other victims.
Don’t waste your time in fairy tales of a clown who calls him self The President and Founder. Flexkom will be his 7th (or 8 or 9th?) failure/scam in the last 10/15 years. Flexkom not only collapsed in Turkey and Netherlands but also in Austria and very soon in Germany, where they only have a lousy few shops in Leipzig.
Some are themselves Flexkom members. Last weeks many FK members in UK and NL jumped to Beep(xtra), which is probably another scam by former Flexkom UK members. I whish you al the best with your FlexMoney 🙂
Finally! Leipzig! I have been looking all over for a list of companies that use this product with their customers. I see the “opportunity” to buy in, but I can’t find a business in the WORLD that uses it. No list of merchant partners, etc. on any websites.
Maybe if I look in Leipzig.
Thanks!
Interesting article in the UK Mirror today about Flexkom.
HEADLINE:
It makes you wonder about their model. What is the real story about the lawsuit in Turkey?
http://www.mirror.co.uk/news/uk-news/flexkom-really-the-future-business-3116205
So rather than explain how 40,000 people didn’t lose their investment, they quote a court decision? lol.
What’s the bet said court decision upheld some affiliate T&C that stipulated all affiliates deposited money aware that they might lose it all (if no new investors invest after them)?
And Ian Driscoll, wasn’t he a Banners Broker Ponzi pimp?
Yup.
Oh dear.
In August 2013, at the meeting in Las Vegas where Flexkom officially “launched” in the USA, distributors were told Phase I would be completed by the end of the year.
Fast forward six months and they are still selling the opportunity to anyone who can invest $2,200.
How many merchants have they signed up?
How many customers are using their service?
How about Turkey? Austria? United Kingdom?
How many “actual” merchants are currently using their system?
How many “active” customers do they have?
On the main website, they indicate over 4.5 million card
holders and 150,000 app downloads:
The above is taken from the Flexkom International Website. That information has been removed from the USA version of the site. Why?
Flexkom is also scamming their sales reps with expensive tablets:
And where are the Flexkom stores. Really. Where are they?
Flexkom has been recruiting sales reps in Europe since late 2011. Still no stores to be found anywhere. Even the stores that are featured in their youtube video’s turned out to be pilot stores. They do not actually accept Flexkom.
“Flexkom POS…”
How apt.
It’s hard to believe but Flexkom now has 2 (!!!) Flexkom shops, so called Flexkobi’s, in The Netherlands. Both are owned by Flexkom members… That’s a great result after more than 4 years for career scammer Cengiz Ehliz and his clan.
Still no shops with operational Flexkom system to be found. Still no secure connection to be backoffice, despite promises of CEO and founders of this company after Flexkom had leaked all our private information onto Google.
Prices of the licenses go up and up. Recruit others or stfu is the motto of the Flexkom management.
Flexkoms greatest promised feature for merchants? Videomail! Put a youtube link in your mails! Oh yes, this is the most innovative company in the world.
They removed this info because it doesn’t add up – in play store (android) they have 50 000 downloads for their app on itunes (iphone) number of downloads is not listed but it will be not more than 25 000.
These number don’t make any sense if you have millions of customers in US alone and you also claim to achieve success in some of the European countries those numbers should be much higher.
Here is link for their support page. I think it is kind of funny 😉
support.flexkom.com/hc/en-us
Trust me, there’s absolutely nothing funny about FlexKom/FlexCom/Blue Ocean Concept..
Last on the growing list and recently crashed and burned in U.S they simply hopped over to Panama…rinse and repeat until..
By now the only countries in Europe that still show any activities are France and Italy.
I guess it takes these Non-English speaking countries a bit longer to finally wake up from this ongoing disaster?
We are very pleased with the service and benefits of FlexKom.
The system offers many advantages, I have not had any negative experiences so far.
Found this bit of new in Turkey…
FlexKom was sued in Turkey for stiffing a local promoter, and lost big. No idea if the guy was ever paid though, but apparently Turkish law allows “forced liquidation” and closure of Flexkom office there?
Google translation ain’t the best, but I think that’s what it says?
NOLINK://www.hurriyet.com.tr/tanju-colak-da-flexkom-magduru-oldu-27372652
Oh, and it was dated October 2014.
Flexkom changed its name to Wee Business Economy “Weeconomy” a while ago. It’s been scamming people since 2010 and still going. Unbelievable!
Oz, perhaps adding the new name to the title, an update, or its own review would be helpful?
Found this yesterday:
This dude is pimping on a Facebook group from the seized ponzi Traffic Monsoon. facebook.com/groups/713187748804396/
and a friend of mine has signed up too.
Had lots of dialogue with Mr Edwards already.
Stuart Murray is back and running this along with Ashleigh Hawkes
companycheck.co.uk/company/09876896/WEECONOMY-UK-SUPPORT-LTD/companies-house-data
That’s sad and just nuts that anyone would give a dime to these people. Nothing, NOTHING about this is real. I hope you can knock some sense into him.
Realscam.com has a long thread with a lot of info on this scam from the past years. Worth a read too.
Just been approached again today. Need to look for the realscam thread.
They claim to have removed the MLM part and made it now Direct Sales only, which will make it even slower to build.
Thx for the update.
“They” have been stealing money for years now. Not the type of people I’d want to be involved with no matter what they do, change, say.
Slower to build what?
They didn’t “remove the MLM part” of FlexKom. It collapsed.
WEECONOMY UK SUPPORT LTD was dissolved in July 2019
Bit of old news, but I havent seen it mentioned here. Belgium has convited Cengiz Ehliz, Asker Sakinmaz and Erwin Fally to prison. The first two scammers got 40 months of prison, Erwin got 30 months of prison.
hln.be/in-de-buurt/antwerpen/fraudeurs-zien-433-000-euro-verbeurd-verklaard-na-oplichting-via-getrouwheidskaarten~a01b033a/
They only had to pay 190.000 in damages, where they’ve scammed people out of millions. Unfortunately, it appears that it really pays to be a scammer.
Asker Sakinmaz was not at the trial as he fled to Africa some years ago. He’s still actively scamming people there with new scams. Obv. he can’t set foot in Europe anymore as there’s a warrant out for his arrest to serve prison time.
I wasn’t aware the Flexkom scammers were apprehended, thanks for sharing!