Taff
29th July 2002, 23:24
Sorry to drop this on you
Lol I'm off to my bed, I'll leave you all to ponder and
speculate over this
This is for all CASHevolution members, even if you did
not join under RT, PLEASE READ THIS, IT IS BREAKING
NEWS!!! I have sent them an email to get a refund and
have not heard back from them. I did pay with credit
card as I am sure most of you did, the credit card
companies will be on our side if we need to dispute
this since they did break the law, read below!
IMPORTANT BULLETIN!!!!
IF YOU ARE A CASHEVOLUTION MEMBER, READ THIS TO SAVE
LOSING YOUR SHIRT AND NEXT
MONTHLY FEE:
One member received this info and passed it on to me
today.
If you are a member of this program, this message
might save you from losing
your next $25 monthly fee for CE.
E MAIL READS
###############
On July 24th, 2002, I received an email message from a
concerned Cashevolution
<http://www.cashevolution.com/> member. His
letter included an email
message which appeared to have originated within the
New Zealand Commerce
Commission. It included the following paragraph:
"The Commission has completed its assessment of
CashEvolution and is of the
opinion that it breaches sections 20, 22 and 24 of the
Fair Trading Act 1986,
the sections that deal with referral selling,
misleading representations about
certain business activities such as those carried on
from a person's home, and
pyramid selling."
Upon receipt of this startling information, I
immediately sent a note to the
author, who had a comcom.govt.nz email address, and
asked for confirmation that
the information I had received was correct. The
Commerce Commission web-site
http://www.comcom.govt.nz/contact.cfm
confirms that comcom.govt.nz is the correct domain for
the Commission.
About 24 hours later, I received an email from another
person, using another
comcom.govt.nz address, which offered the following
confirmation:
"On 18 July 2002 the Commission sent a warning letter
to the NZ Directors of
Cash Evolution, in that, it prima facie breaches
sections 20, 22, and 24 of the
Fair Trading Act 1986."
New Zealand's Fair Trading Act
http://www.comcom.govt.nz/acts/fairact/practices.cfm
includes three relevant
clauses, dealing with Pyramid selling
http://www.comcom.govt.nz/acts/fairact/practices.cfm,
Referral selling
http://www.comcom.govt.nz/acts/fairact/practices.cfm,
and misleading
representations
http://www.comcom.govt.nz/acts/fairact/practices.cfm.
I'm not a lawyer, but they aren't that difficult to
understand. Whether they
fairly apply to Cashevolution is a matter we'd best
leave to the courts.
Regardless of what happens with respect to this
dispute, it is quite probable
that Cashevolution members who paid their fee - and I
speak as one of them -
will probably see their investments flush themselves
down the drain as existing
members leave, and former prospects run away in
droves.
Under such conditions, successful recruiting will be
extremely difficult. A
legal dispute of this nature could tie Cashevolution
up in knots for several
years, and the resulting adverse publicity will hardly
be conducive to success.
It will be interesting to see how AESOP CEO Mark
Joyner responds to these
allegations, since his heavily hyped report
http://www.aesop.com/cgi-bin/ce.cgi?wired2cash on
Cashevolution includes a
lengthy section titled Are the Compensation Plan and
Product Legal?
http://www.aesop.com/cgi-bin/ce.cgi?wired2cash___specifica
That section of Joyner's report includes the
following: "With that said, of
course Cash Evolution ensured at the outset that what
they were doing was legal,
but now they are taking proactive steps to ensure on a
deeper level that
everything is OK."
Let us hope that whatever "proactive steps" have been
taken by Cashevolution are
sufficient to satisfy the New Zealand Commerce
Commission, which doesn't seem
too impressed at this juncture.
Whatever happens, it's bound to be interesting :-)
....Will Cashevolution survive? Perhaps, but I think
it's time to cut the loss
and write 'em off as a bad investment.
Sorry about introducing them to RT, they looked like a
good program and many thousand have been suckered in,
including me, unfortunately that is the life online.
=====
Contact Info:
Brian Latchford
Email: ReachThousands@yahoo.com
AIM: brianlatch24
MSN: ReachThousands@msn.com
ICQ: 129698628
Lol I'm off to my bed, I'll leave you all to ponder and
speculate over this
This is for all CASHevolution members, even if you did
not join under RT, PLEASE READ THIS, IT IS BREAKING
NEWS!!! I have sent them an email to get a refund and
have not heard back from them. I did pay with credit
card as I am sure most of you did, the credit card
companies will be on our side if we need to dispute
this since they did break the law, read below!
IMPORTANT BULLETIN!!!!
IF YOU ARE A CASHEVOLUTION MEMBER, READ THIS TO SAVE
LOSING YOUR SHIRT AND NEXT
MONTHLY FEE:
One member received this info and passed it on to me
today.
If you are a member of this program, this message
might save you from losing
your next $25 monthly fee for CE.
E MAIL READS
###############
On July 24th, 2002, I received an email message from a
concerned Cashevolution
<http://www.cashevolution.com/> member. His
letter included an email
message which appeared to have originated within the
New Zealand Commerce
Commission. It included the following paragraph:
"The Commission has completed its assessment of
CashEvolution and is of the
opinion that it breaches sections 20, 22 and 24 of the
Fair Trading Act 1986,
the sections that deal with referral selling,
misleading representations about
certain business activities such as those carried on
from a person's home, and
pyramid selling."
Upon receipt of this startling information, I
immediately sent a note to the
author, who had a comcom.govt.nz email address, and
asked for confirmation that
the information I had received was correct. The
Commerce Commission web-site
http://www.comcom.govt.nz/contact.cfm
confirms that comcom.govt.nz is the correct domain for
the Commission.
About 24 hours later, I received an email from another
person, using another
comcom.govt.nz address, which offered the following
confirmation:
"On 18 July 2002 the Commission sent a warning letter
to the NZ Directors of
Cash Evolution, in that, it prima facie breaches
sections 20, 22, and 24 of the
Fair Trading Act 1986."
New Zealand's Fair Trading Act
http://www.comcom.govt.nz/acts/fairact/practices.cfm
includes three relevant
clauses, dealing with Pyramid selling
http://www.comcom.govt.nz/acts/fairact/practices.cfm,
Referral selling
http://www.comcom.govt.nz/acts/fairact/practices.cfm,
and misleading
representations
http://www.comcom.govt.nz/acts/fairact/practices.cfm.
I'm not a lawyer, but they aren't that difficult to
understand. Whether they
fairly apply to Cashevolution is a matter we'd best
leave to the courts.
Regardless of what happens with respect to this
dispute, it is quite probable
that Cashevolution members who paid their fee - and I
speak as one of them -
will probably see their investments flush themselves
down the drain as existing
members leave, and former prospects run away in
droves.
Under such conditions, successful recruiting will be
extremely difficult. A
legal dispute of this nature could tie Cashevolution
up in knots for several
years, and the resulting adverse publicity will hardly
be conducive to success.
It will be interesting to see how AESOP CEO Mark
Joyner responds to these
allegations, since his heavily hyped report
http://www.aesop.com/cgi-bin/ce.cgi?wired2cash on
Cashevolution includes a
lengthy section titled Are the Compensation Plan and
Product Legal?
http://www.aesop.com/cgi-bin/ce.cgi?wired2cash___specifica
That section of Joyner's report includes the
following: "With that said, of
course Cash Evolution ensured at the outset that what
they were doing was legal,
but now they are taking proactive steps to ensure on a
deeper level that
everything is OK."
Let us hope that whatever "proactive steps" have been
taken by Cashevolution are
sufficient to satisfy the New Zealand Commerce
Commission, which doesn't seem
too impressed at this juncture.
Whatever happens, it's bound to be interesting :-)
....Will Cashevolution survive? Perhaps, but I think
it's time to cut the loss
and write 'em off as a bad investment.
Sorry about introducing them to RT, they looked like a
good program and many thousand have been suckered in,
including me, unfortunately that is the life online.
=====
Contact Info:
Brian Latchford
Email: ReachThousands@yahoo.com
AIM: brianlatch24
MSN: ReachThousands@msn.com
ICQ: 129698628