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 Boss Venture

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Azurika
post Dec 31 2013, 08:13 AM

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QUOTE(edison1437 @ Dec 30 2013, 04:23 PM)
information i have is you need to pay at least RM825 for start up

either you choose "sleep mode" or "active mode"

sleep mode you no need to find downline also can earn

active mode you need to find downline to earn more

i dont see any trading items here but money pretty similar to stock.....
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Correction,
1)Sleep Mode/Passive mode, you MIGHT earn if there is daily sales profit
2) There is quite alot of trading of products/items, and it is nothing like stock

Im not too sure about why this was mentioned
"This mean, any company with MSC status is actually and supposed to developed infrastructure and technology under the law of BoG. Instead, BossVenture.com (Cash Deal Sdn Bhd) had misconducted BoG to run a business under MLM scheme."
Kindly do let us know why you think they are not developing infrastructured and technology ?

QUOTE
but the friend of mine already dumped 5k USD to this boss venture

i smell fishy but he sound very confident with the plan

since he said he already earning interest from the money he paid, i ask him to prove me that he is able to withdraw the money.

think if transaction success, will see the money latest Tuesday

It will be on Friday icon_rolleyes.gif




Azurika
post Dec 31 2013, 09:27 AM

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QUOTE(edison1437 @ Dec 31 2013, 08:40 AM)
seems like you also a part of it

any successful withdrawal transaction?
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Been with them awhile, yeah I am able to withdraw. You will receive it on Friday if your Maybank from "Cash Deals"
Azurika
post Dec 31 2013, 10:02 AM

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QUOTE(edison1437 @ Dec 31 2013, 09:50 AM)
as i know you able to get back your principle after like 4 months?
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If your passive ? No ..
Basic entry your return of investment fully withdrawal is roughly 7 months
Top up USD30 upon entry and it would be 6 months.
Both of this are based on the assumption everyday they pay out Max profit, it is not guaranteed, but they have been doing so for the last 15 months.
Azurika
post Dec 31 2013, 10:25 AM

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QUOTE(edison1437 @ Dec 31 2013, 10:09 AM)
i dont understand the 1 highlighted

RM825 is the entry amount. to have the principle back you need 7 month. unless you add another USD 30 for 6 months.

Right?
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Yes RM825 is the basic entry amount. You may choose to top up additional USD30/RM99 monthly which is optional. If you top up USD30 for the first month and not subsequent month, your return of investment is shorter due to higher capital in the passive income pool.
Azurika
post Dec 31 2013, 06:50 PM

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QUOTE(kasey1314 @ Dec 31 2013, 06:38 PM)
Just like Genneva, top pyramid make big money.

Middle level make money,

Bottom level.........

Trust yourself .....like a forumer said.

If you know how to con, no need wait ......direct pump GAO GAO inside...

If you invest GAO GAO in early stage , sure make good returns....

Use your result to make the world shut up....
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Aint that the basic of most MLM shocking.gif why is it only Genneva ? shakehead.gif
Azurika
post Jan 25 2014, 12:19 AM

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The safest bet you can predict that your 1.5% will drop is in 2021 when they start getting taxed. Personally I do not see it dieing anytime within 3-4 years yet.
Azurika
post Feb 13 2014, 12:27 PM

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QUOTE(rymkk @ Jan 29 2014, 06:22 PM)
I know this is too late to reply on the thread but I found this interesting.

The start up cost is RM825 or USD250 (250x 3.3).  You are paying for the franchise fee to become the company Reseller Licensee not enrollment fee.

How do you make money staying passive?

From the USD250, USD100 is used to buy peek credits that will generate up to 1.5% daily payment known as Daily Sales Incentive.  No sponsoring is necessary to earn from the business because of revenue sharing concept.

The company allocates 20% of its global daily sales from peek credits and physical products from its e-Mall - BVMalls.Com to be shared by their resellers as Daily Sales Incentive.  Now, if they can pay up to 1.5% daily from the 20% allocation, the global daily sales volume must be huge. 

What is peek credit?  It is a discount value that can be used for shopping at the online mall.  Why is it valuable?  Because you cannot shop at the mall without buying peek credits.  You use peek credits to buy things.  Who says it is money game?

Top up here means to buy peek credits so that your Daily Sales Incentive value will increase.  Istead of getting USD1.50 daily, you will get more.  The minimum top up is USD500 and max is USD10,000.  Does get rich quick scheme have max amount?

The USD30 top up is for a reseller to qualify for the earn 3% overriding incentives from their referrals Daily Sales Incentive earnings.

Although the network marketing plan is based on binary system BUT they incorporate 5 x 5 matrix plan to prevent the build up of the so called pyramid system.  That means you can only have a total of 3905 people in your network.  And 5x5 matrix will give you a clear indication of your potential income.  So, this is not a pyramid scheme.

As for Cash Deal Sdn Bhd MSC status I don't think they misused the status at all because the company core activities as per MSC registration are Research, development and commercialization of Digital Neural Application (D.N.A) and e-Mall Solution.

They helped developed BossVenture online mall BVMalls.Com, which is within their core activities.

Will this be another Geneva, American Euro Index, Swiss Cash, Mirza? 

Well, for sure those mentioned above either does not have a license to take deposit from the public or not licensed to manage other people money. 

ONLY licensed commercial banks can take deposits from the public.  And ONLY licensed investment company can invest people money. 

They need license from Bank Negara Malaysia and Security Commissions, which this case those companies DOES NOT have therefore deemed Get RICH Quick Scheme.  That's WHY they are closed down!  Ha ha ha..
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Erm, I might have misunderstood your meaning, but how is this related to BossVenture where clearly stated they are not doing investments or taking deposits? Basically the users are trading their cash for peek credits which generates the passive income right ? If so, aint this more to "purchasing" rather then "deposits" ?
Azurika
post Feb 18 2014, 03:03 PM

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QUOTE(riin_mon @ Feb 18 2014, 02:41 PM)
Hi rymkk, yes It is eventually a scam.

Here are some general information regarding Ponzi scams

1) They could use any "vehicle" to run the scam, most use "investments" as vehicle, like forex trading, livestock like palm estate, gold or agar wood. Scammers could also use "business" to launch their Ponzi, bottom line, as long as the return is a "transfer of wealth" from new investors to old investors. It is a Ponzi, if the profit comes from below:
  a) new investors or
  b) reinvested money from old investors)
2) There are 2 big things to lookout to spot a Ponzi,
  a) They "always" successfully pay the "profit" to early investors without fail. They will make it look and seems believable to fish for more "buy in" investors.
  b) They "always" have a method for investors to "reinvest" their earnings and to get "more profit" via re-investment, and would always discourage cash out.

most Ponzi can last to couple of years due to the above 2 points, as old investors keep pumping in their so called "profit" while looking for "new believers"

hope this helps clear some doubts
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Well said icon_rolleyes.gif short and sweet tip for the many naive out there thumbup.gif

Also, do take note that more often that none for many companies, it is the irresponsible leader's or distributors who over promise or falsify information and not the founders themself, hence turning a situation sour.
Azurika
post Feb 21 2014, 09:02 AM

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QUOTE(yugimudo @ Feb 21 2014, 07:04 AM)
Biasalar, when shtf, must look like they are doing something. Or maybe when they present their business plan, they didnt reveal their true plan, hence the u turn.
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Its the same with most MLM or whatever business plan in the market.
If company sustain, the non believers will butthurt
If company shutdown, the believers will butthurt
cool2.gif
Back to a rational question, trading RM825 --> RM2k within 1 year for this risk, can you afford to lose this sum of cash or not ?
In all honestly, many of the people I mix with a diversified investment portfolio put in the minimum or do the monthly top up as it is a potential pioneership for them. What is RM<1k to these people ?? However, I do advice against the people who want to max in 10K cash within my network sweat.gif And for those in financial crisis, Id always advice them against it too as it could be an amount they will lose the next day smile.gif

Cheers ~

This post has been edited by Azurika: Feb 21 2014, 09:07 AM
Azurika
post Feb 21 2014, 09:30 AM

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QUOTE(rymkk @ Feb 21 2014, 09:09 AM)
Hahaha... that's a good one.
It seems in Malaysia, everything becomes illegal and scam when a company starts paying more than the banks, unit trust, insurance and takaful companies are paying annually. 

Why EPF is never scrutinized when only during the election time they declared 6.5% dividend from the billions of contributors’ monies when all this while it has been revolving around 4% to 4.5% per year?

The real facts is those registered financial providers are only paying a fraction of the company’s daily profits to their investors and that portion is paid annually. Imagine a company earning RM1 Million daily profits but only pays RM40,000 of that daily profits as the company yearly dividend.

That is the real scenario in Malaysia.

Ha!  Another one of my 1 cents thought.
*
Simple bro
Banks, Unit Trust, Insurance, EPF had a history of >10 years running
- they pay lower, people feel save and assured with long established companies.
New MLM < 3 years
- they pay high at first to bring in the numbers, if they are legit and sustain , the payout will be revamped later on.
if is a scam, butthurt everywhere ~

Who do you trust in sustainability ? brows.gif
Azurika
post Feb 21 2014, 12:12 PM

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QUOTE(rymkk @ Feb 21 2014, 12:04 PM)
Yup! You got a good point there. "Sustainability."

I still say their annual returns could do better.  But our financial markets are tightly control by the government.  For what reason, only they know. 

Now the economy is slow.  People are not earning as much and as fast as the increasing prices of goods and services.

So, boss venture comes out with their revenue sharing program to recession proof their affiliate’s income.  But the government sees this as a threat to their own existences.  To cover up their own weakness in solving the country's ailing economy they came out with all sorts of nonsense.  And one of them is latest BNM alert on Cash Deal Sdn Bhd. 

Being the Chairman of boss venture, I wonder what Hakim Hamidi will have to say about this?
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Thats why Cash Deals is owned by another company which is founded in Australia by Richard and Billy:P they purposely position it this way.
Azurika
post Feb 25 2014, 05:16 PM

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QUOTE(rjb123 @ Feb 25 2014, 03:02 PM)
Let me get this straight - they are meant to have huge revenue from http://bvmalls.com/ , from which they pay out a percentage? Lol  rclxms.gif  rclxms.gif  rclxms.gif  rclxms.gif

Looking at the **** they sell I'd be suprised if they generate any sales through this "E-mall" at all. Looks like 99% overpriced rubbish and a website that was designed by a teenager.
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I have to agree, the items are useless and over priced even to compare with Tesco tongue.gif
However, seems like the Indonesia mall is generating about 600k daily sales thou. Also, their revenue to pay out also comes from networking, my line burn everyday , so Im quite sure there is at least 50 account sign up daily, cant say in total thou since they expended to so many countries d.

QUOTE(davinz18 @ Feb 25 2014, 04:43 PM)
if already in BNM list, then u should be very2 careful with the company. BNM simply won't list any company in "unauthorized entities/ individual" just like that.
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» Click to show Spoiler - click again to hide... «

Quoted from a mail they shot out ~ Go figure laugh.gif
Azurika
post Feb 25 2014, 05:36 PM

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QUOTE(rjb123 @ Feb 25 2014, 05:29 PM)
Indonesia mall (assuming it's the same link) isn't even complete, I'd be suprised if they had 600k Rupiah of daily sales  tongue.gif
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Currently the mall is down ever since they "changed" the interface, since late January. Hence Daily sales is actually 0. We from Malaysia are unable to access Indo mall, you need to be connected to their telco to do so, tested on my phone when I was at Jakarta. They count everything in USD as standard, hence is 600K USD not Rupiah. Well, I have to agree that the Indo Mall does have a better variety of products offered, prices are still steep thou, however not sure how true is this, but my Indo friends told me they prefer this then Groupon if given the option sweat.gif For all I care, they pay me, I cash out, Im happy tongue.gif
And I can say this, I dont know how long this company will sustain, but even if they do for the next 5 years or more, their 1.5% payout will not sustain when people start withdrawing smile.gif so please be smart la for those In it d tongue.gif
Azurika
post Feb 25 2014, 06:08 PM

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QUOTE(davinz18 @ Feb 25 2014, 05:59 PM)
such a "cover-line" statement  laugh.gif
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Yeah, the boss Richard presentation style is the same smile.gif Everything sounds so good, but he covered all holes tongue.gif
Azurika
post Feb 27 2014, 08:57 AM

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QUOTE(bizer886 @ Feb 26 2014, 07:59 PM)
this thing run since 2011 .. now its about 4 years ler... how can it be label as untrustable? mny pple success.... cool2.gif  cool2.gif
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3 years + ...
Azurika
post Feb 27 2014, 09:04 AM

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QUOTE(max_cavalera @ Feb 26 2014, 11:31 PM)
congratz scamventure.... just been listed down ranking no 19 under BNM watch list as running business without license biggrin.gif
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Is true, they do not have License to run the business under an "Investment Scheme" ~ icon_rolleyes.gif
Azurika
post Feb 27 2014, 10:56 AM

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QUOTE(bizer886 @ Feb 27 2014, 10:53 AM)
same ka ...hahahahaha what us impirtant us..im very cinfident to this...and...with 1.5% daily...who want to guve thus....join me..or u all will rugi 1.5 hahahah rclxm9.gif  rclxm9.gif
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Beware of your method of promotion, as it is not complying with company compliance.
Azurika
post Feb 27 2014, 12:35 PM

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QUOTE(bizer886 @ Feb 27 2014, 11:49 AM)
Hahaha I'm aware of that ... as long we dont say it an investment or savings ....this is profit over purchasing around the world .....btw azurika U also boss venture  reseller?
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Your also stating 1.5% , not up to 1.5% which many people assume it will max always tongue.gif and this is also non compliance. Thats how a legit company will get screw. Im very sure the 1.5% will not sustain pass the 5th year mark unless the SG and China mall hits big.

QUOTE(ELinawa @ Feb 27 2014, 11:52 AM)
from what I can understand from a friend of mine..
this basic 800+ plan will gives you
- 100dollars (rm360 roughly) RM330 , is x3.3 not 3.6
- get to withdraw your profit on 9th month of your investment you can withdraw anytime, is just to make it simple, start drawing on the 9th month (270day) and at the 360 day based on perfect senario[SIZE=7], you get USD777 = roughly RM2k after all deductions.

but the catch is.. (this I assume this business is legal and safe)
- donno where my balance 400++ go it pays your upline, and contribute to the DSI pull to pay your that up to 1.5% bonus
- on 3rd month you investment start to take some 'tax' or something $100 I wont go into detail which this as is complicated and you want to meet me up for clarification if your really interested, is not tax, is a calculation method so they DO NOT overpay.
- after the 3rd month $100 'tax' ur investment will be taking a 'daily tax' but smaller then ur compound interest so u still make money I wont go into detail which this as is complicated and you want to meet me up for clarification if your really interested, is not tax, is a calculation method so they DO NOT overpay.
- at the 9th month u can only withdraw 20% of ur investment This is not a investment, if it is , it is ILLEGAL !. You get the full 100% of the passive income and only charged 3% admin fee during withdrawal.
- lastly, their $ to RM conversion is just rm2.7+/$ thats how they company make money, and not overpay. For all you should care, if company cannot make money, how can they sustain and pay you ?

I ask about my friend why rm2.7/$, what this $100 'tax', what is this 'daily tax', and can I take out my investment before 3rd month.. all he cannot explain..
You can ask your friend to fly kite, thats how untrained and irresponsible people destroy new business models and MLM market. you can withdraw out everything by the 3rd month, is just you will be at a lost if your only looking at passive income ! Your total you draw out at day 90 is USD135 IF everyday hits 1.5% when you put in USD250

this is my softest way to tell him that im saying NO!..
Thats the right thing to do ! As going under someone who does not know the business model is going to cost you more then just your RM825 !
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Cheers ~
Azurika
post Feb 27 2014, 06:12 PM

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QUOTE(avanray @ Feb 27 2014, 05:13 PM)
erm...why keep saying boss venture is established all across asia? i only see indon and malaysia interested in this kind of things.. probably not approved in developed country so have to aim third world country where everything can be settle through "ehem ehem"...keep saying global mall but all visitor come from malaysia and small fraction from indonesia..can check alexa for the statistics.. website so cikai like use template only, very funny for a "MSC STATUS COMPANY".. non msc company can do better website..
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Website is seriously fcuked ! You have no idea how worried and headache me and my team had during Dec and Jan. Servers and website was practically down and overloaded ! I myself am worried company was ready to shut down and run my USD10k , but early February things started to stabilized.

They manage to hit MSC status due to their "IT Marketing Plan" , if is about infrastructure , web design , they are 10 years late !
Azurika
post Feb 27 2014, 09:34 PM

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QUOTE(avanray @ Feb 27 2014, 06:38 PM)
But as long as u get ur modal back and make some money u should b ok..hehe..just harvest ur early bird reward..for those late comers there might be some risk since it was already enlisted in bnm..I doubt they really start since 2011..mayb they just registered the company or website in 2011 and only enter full gear in 2013..
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As I know, the mall for MY was open in late 2011, and Indo was in 2012 , their office in HK was open sumwhere May 2013. Its true early bird definitely already enjoyed all the benefits, question now is how long does the "early bird" season last. Id always share this risk with all my partners as is their hard earn cash they are putting in.
As investments are, high risk high return tongue.gif
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