Tuesday, December 14, 2010

TVI Express stealing their own member's eVoucher codes

TVI Express had always been a scam, since I've tracked this scam starting in late 2009. Their behavior had only gotten more bizarre as the time went on.

South African "Team Wealth" reported that on December 4th, 2010, TVI Express suddenly and without announcement froze virtually all member's "eVouchers".

Inconsistent & Unprofessional Conduct TVI Express has without prior warning effectively frozen the accounts of all distributors overnight on Saturday 4th December. Members were then required to submit documents within 72 if they wished to be verified. Failure to do so means that distributors will not be able to obtain or sell their vouchers, which in turn means that they will not earn money through the sale of vouchers.  (http://www.tviwealth.co.za/record.htm)
You were probably wondering, why? How does this benefit TVI Express?

The answer is simple: if you don't respond in time, you lost all those "vouchers" you haven't sold or redeemed. How does this "benefit" TVI Express? Every voucher they "give out" is less money in their own pocket. So every voucher they can cancel or otherwise invalidate means they can keep more $$$, through whatever reason they can contrive. 

If you don't see how this works, please refer to my earlier analysis of how TVI Express could NOT possibly pay out the trips AND pay $10000 for every participant. So-called re-entry only makes things worse, as there is no additional income to fund the payouts. By canceling those payout vouchers, they can shrink those "delayed loss of income" down. They are also not paying for the trips, which saves them even MORE money.

This also jives with the earlier announcement from TVI Express that selling eVoucher codes is now apparently no longer permitted, but what are you supposed to do with the eVoucher code that you get when you cycle out of the traveler board? Huh? Join again? Why? No, you sell it to someone else for $250 and pocket cold hard cash!

The whole thing WILL still collapse, but slower. 

EDIT: This thing is so explosive, TVI Express didn't DARE to put it on their own website. (no such announcement) Here's the announcement from Kaspi and Jackson's website:  http://increasemymonthlyincome.com/new-tvi-global-finance-system-tvi-voucher-verification/

Any victims of TVI Express should immediately file complaint in your local jurisdiction. Do NOT just give up and join another opportunity, even if it's a reputable one. File a complaint and have law enforcement in your jurisdiction shut down this scam as soon as possible.
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