Image via WikipediaTVI Express Holidays Phillipines apparently was incorporated in October 2010.http://tviexpressteamasia.blogspot.com/2010/11/tvi-express-holidays-philippines-inc.html
However, its own business certificate specifically says that this is a general business and is NOT allowed to issue memberships.
But we all know that TVI Express relies on memberships, yes?
Also, Entrepreneur Phillipines and Direct Selling Association Philipines have 7 warnings signs about how a MLM may be a scam.
http://www.entrepreneur.com.ph/features/article/the-booming-direct-selling-industry-in-the-philippines
the following are some telltale signs that the business is a pyramid scheme:How do these rate on TVI Express?
1. The costs to enter the plan are unreasonably high.
2. Participants are compensated primarily for recruiting other participants.
3. The compensation is not based primarily on the sale of goods and services.
4. The goods and services are not legitimate and currently marketable.
5. The participants are required to buy more products than they can reasonably sell or use.
6. The plan does not allow return of unused inventories.
7. There is no written contract providing key terms and a definite cancellation period.
According to Bonquin, “legitimate direct selling companies do not offer false hopes [like pyramid schemes do], but rather, offer attainable rewards.”
1) Cost: $250 USD is extremely high for Phillipines, where annual per capita income is only $3300 USD (2008 est. via Wikipedia) RED ALERT!
2) Recruiting: The company ONLY pays on recruiting. RED ALERT!
3) No selling: "You are not required to sell any products" RED ALERT!
4) Goods: nobody can even agree on what exactly TVI Express sells. RED ALERT!
5) As there's no product, there's no need to keep inventory. NO RATING
6) As there is no inventory, no return is needed. NO RATING
7) Contract: There is no contract or even a refund period! RED ALERT!
Fits FIVE OUT OF SEVEN warning signs. THIS IS A SCAM!
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