The Federal Trade Commission asked the question Is MOBE A Scam Or Not and decided on June 11th, 2018 that it was a scam.
The FTC filed a restraining order against MOBE owner and native Australian Matt Lloyd and his posse.
Also, the feds have over 4.500 pages of evidence to back up all the charges bought against MOBE.
Is MOBE A Scam Or Not – You Could See It Comming A Mile Away
The multi-level-marketing group MOBE, using their MASSIVE sales funnels, have stolen well over 124 million dollars from its customers.
This would make MOBE one of the largest illegal Ponzi schemes that we’ve seen in decades!
It’s absolutely amazing to me that there are people who didn’t see this coming or are shocked that this happened.
All over the world, thousands of people were claiming that MOBE, which stands for My Online Business Education, was a multi-level marketing scam.
I never joined MOBE personally because there were certain practices MOBE was engaged in that made me uncomfortable.
Apparently, I wasn’t the only one.
The Federal Trade Commission wanted to find out if MOBE is a scam or not.
There were so many complaints that the FTC actually planted an undercover investigator to check MOBE out.
Is MOBE A Scam Or Not? – When the FTC Plants A Mole, You’re in Trouble
Following years of more than 1,100 complaints, the FTC sent one of its own to become a member of MOBE.
This undercover investigator discovered many of the scam claims that thousands of people have made were indeed true.
Two of the top earners at MOBE, Michael Giannulis
When your two top earners leave, that should send up a huge red flag!
On June 7th, an email to Williams’ and Giannulis’ MOBE downline saying in part:
“The FTC has brought the hammer down upon MOBE and we have to cut ties with them 100%. If we do not we could find ourselves stuck in a sticky situation.”
I have to tell you, if I received an email like this I’d be absolutely furious.
Even after all of this, would you believe that thousands of people still support these guys and their business practices?
A Load Of Shenanigans
If you go online and Google search MOBE and read some of the comments that appear after the article or post, there are thousands of people who will still do whatever these guys ask!
That’s simply unbeleiveable!
The founders of MOBE tried to make some course corrections in their business practices.
However, by the time they knew the FTC was breathing down their neck, it was too late.
However, any so-called “course corrections” came too late.
The problem with this hot mess is once one starts an illegal enterprise, it cannot be changed to appear legit as it was never legit to begin with.
The Issues I Had With MOBE
One of the main reasons I never joined MOBE is because they purposefully headquartered their operations in Malaysia to avoid any possible legal actions.
MOBE used to be located in Australia but the Australian government banned them.
MOBE works like the classic pyramid scheme which is also illegal in a country like the United States.
Also, they stopped its online traffic from countries that have judged MOBE illegal like Canada, Australia, and the United States.
Make no mistake about it: once the FTC prevents MOBE members and visitors from accessing the MOBE website, then MOBE is finished!
The second problem I had with MOBE had to do with required purchases.
All new members
This was mandatory
Is MOBE A Scam Or Not?-Where Did The Problem Start?
But Wait! Hold on!
This $2,470 membership was just THE FIRST of 5 products you are obligated to invest to reach the higher commission levels.
Please understand that THIS IS WHERE THE PROBLEM STARTS.
MOBE members who wanted to reach these higher commission levels to make the really big money HAD NO CHOICE.
Therefore, If you wanted to make the big money, you had to purchase the $2,470 “Silver Mastermind” membership.
Here Is the Root of the Problem: What You Need to Learn About Multi-Level Marketing
The Federal Trade Commission, in the case of MOBE, has determined that an MLM company primarily generating revenue via sales to recruited affiliates is a pyramid scheme.
You can’t be providing a genuine product or service value when nobody outside of your income opportunity is paying for your product and/or service.
That’s the core of the problem the FTC has.
Only the people within MOBE was buying what MOBE was selling, and they had to keep making sales within MOBE in order to make the business viable.
The FTC concluded that an MLM company without significant retail activity is a pyramid scheme.
The FTC has presumably done their homework and concluded the retail revenue in MOBE among its own members/participants is quite substantial.
If the majority of company-wide revenue is NOT derived from the sale of products and services to retail customers, then YOU ARE IN TROUBLE!
It doesn’t take a village idiot to figure out that people not associated with MOBE aren’t paying $30,000 to $60,000 for marketing courses outside of the income opportunity.
If an MLM company’s products offer real value, they’ll have no trouble establishing and maintaining a retail market OUTSIDE of the MLM opportunity.
If there is NO RETAIL ACTIVITY outside of the MLM then the actual income opportunity is marketed, which differentiates a pyramid scheme from a legitimate MLM company.
This is true regardless of what products or services an MLM company markets.
Therefore, in answering the question Is MOBE A Scam Or Not, you have to look at the facts.
MOBE provided good training. The actual instruction was not a scam.
MOBE’s business structure is the problem. What they were asking members to do was NOT LEGIT!
Which brings me to my next point:
What Does This Have to Do With You?
Most of the people who lost thousands and tens of thousands of dollars with the shutdown of MOBE were part of a multi-level marketing organization, or MLM.
The problem with MLM’s is that they DON’T teach you how to build a real business.
They primarily teach you how to recruit others into the MLM opportunity.
Affiliate marketing is not
hat I blog about and write articles about is the benefits of joining Wealthy Affiliate, an online training platform.
Wealthy Affiliate teaches people how to become proficient affiliate marketers through a series of training modules.
Wealthy Affiliate does not have a
Anyone who is a member of Wealthy
We do not earn anything at all from the sales of members that we signed up.
No one is recruited. You’ll find no down lines or up lines, no recruiting meetings, no high-pressured sales meetings.
Wealthy Affiliate does not promise you the moon and the stars; they never have in their 12 years of existence.
If a person or organization tells you that you don’t have to work hard for your financial success, just “follow their system” and just collect checks and sip cocktails by the beach – you know something is seriously wrong.
Sadly, most people are lazy daydreamers who just want “the good life” to come to them easily.
The Problem With Platforms Like MOBE
Many business, like MOBE, promote “Done-For-You” systems for their members.
This is a HUGE mistake for the members who think they’re catching a break because key elements of their blog or website are already done.
Google hates done-for-you sites because of the issues with duplicate content. Duplicate content IS NOT original and is detested by Google.
Therefore, if your websites content is like thousands of other MOBE members websites, then how can Google look at that as “original content?”
They don’t want to sacrifice large amounts of time, mental and emotional energy.
Very few are willing to work Saturdays and Sundays or work on their business after their 9 to 5 jobs Monday through Friday.
Where do you stand? What do you think about this MOBE FTC investigation? Please feel free to leave your comments below. I really would like to hear what you have to say.