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Topics > Caution - Bad Experiences > ID: 1200

PROGRAMME REVIEW: CashLinkFinancial or CLF.

Posted Date: Oct 12th, 2008 13:29 | Hits: 639
Info Page: work at home typing

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  • micronuts
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There are quite a few big leaders into this one.

It includes an upfront forced matrix (but we are also told we don't have to recruit in order to earn) and a backend where these folks are diversified into some instruments that they list (most of which I don't myself understand, except for ForEx and Real-Estate).

I've read most of the back and forth in the CLF thread at the ASA Forum ( http://www.asamonitor.com/forum/index.php?showtopic=10054 ) and have found mostly banter, accusations, bickering, and paid notices... but no real info on how much one can expect to earn outside of the matrix (as in due to trading in ForEx, RealEstate, and so on).

They are registered in Panama and hence, presumably, immune to the long hand of the SEC. This is likely true as p2p is in the same position and the so-called Authorities have failed to close them down so far.

Am not going to form an opinion as yet. I need further data and am in the process of obtaining such data.

But I will say... as compared to the info that any new member can receive from the first and second opps that I have found to be totally passive (no matrix, just a one time $25 or so fee to get started).... this one is quite the one.... as so far I have not found any data on their daily or monthly performance, nor how they fared in the last few days when the whole Market fell substantially. I would caution you to wait a bit and monitor the above forum to see how they fared in the last week or so and in the next week or two, due to the very bad news re the Markets at this time.

And support has been poor. In comparison to the two I mentioned, although the owner is apparently beefing it up soon.

So for now am trying to obtain more data and will announce to you whether am going to join or not.

Oct. 12th: My current conclusion is... stay away from this one!  It is most likely a ponzi and even a ponzi scam.

js

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Member's comment

Daniela Riess  Dec 1st, 2008
WOW!
You do not want to join anything that is based in Panama.
Just like you said, they are ''protecting'' themselves from the law.
The policies and procedures will work against you, no doubt.
That is even if they have a contract . If they are registered in Panama a contract might not be required.
There is a $25 ''fee'' to get started. The FTC would ask you ''What do you get for that money?'' Because by law you cannot ''buy'' an opportunity. There has to be value in exchange for the money. I guess there is at least one reason why they are registered in Panama.

Your conclusion is absolutely right. Stay away, it is most likely a ponzi.


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