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Scam: #981

Scam Alert

Business

  • Posted By: Anonymous
  • Submitted: 07/08/2010
  • Severity: 10
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Friends United Network

It is a BIG Scam

Ventura, California

As I began my investigation on Friends United Network aka F.U.N. not to be confused with the charity organization in the U.K. This Friends United Network is located in the United States in Ventura, California. The question is whether Friends United Network is a good business opportunity or a scam, I came upon some very intriguing points about the disadvantages and advantages of this humanitarian organization which claims to manifest a better way by breaking the chains of poverty through interactive sharing. To assist individuals in building their own peace and security, linked by the synergy of mutual involvement.

Here are some issues that should be evaluated before jumping into Friends United Network as a business or investment opportunity.

Point 1: Who's been paid so far?

No one from the original capitalization group has received any funds from F.U.N. original investment or promised payouts. You can ask for a refund but you will not be able to receive any funds until Friends United Network receives money from the investments they have made. It has been over three years since investors have been promised their their original investment plus a 10%/month penalty F.U.N. has issued to themselves for each month that passes and the contributors are not paid.

The reality you can make any claims of penalties for yourself in the hopes a person will hold on waiting for the payout. It's similar to the money back guarantee the truth of the matter is the guarantee is only good for as long as the company is in business. The sad fact still remains these initial investors still have not been paid and it's now over three years down the road. The promise of money coming next week or bank delays, or homeland security causing delays are all issues which has been relayed on the recorded calls.

Point 2: How much is it going to cost me?

The product packages available for purchase have widely variable price tags. First you must become a member of F.U.N. for $36.00 per year in order to participate in any of the F.U.N. programs. Then there is a fee for each one of the programs which one may participate in. Some have a monthly fee while others have a flat one time fee.

Point 3: How much can I make?

F.U.N. claims members can make hundreds of thousands of dollars by helping their neighbor by sponsoring a person or just by becoming a contributor. Each program has a different payout and compensation program some are using the 2-up system while others are using the old MLM matrix.

Here's just one example: BARTER UNITED EXCHANGE (BUX) Everyone receives $200 barter dollars per $100 U.S. dollars/MO. Host 3 and your $200 barter dollars are free every month. Large monthly residuals (infinite wide X10 levels deep) Start up cost is $300 to receive $300 barter trade dollars in return. Fast start up bonus on 3 levels is $200 and $40 and $25 respectively.

FUN CREDIT UNTION (FCU) shall receive your earned revenues from all FUN programs and each month place 50% into you $100,000 limit VISA CARD for your use. You shall receive interest earnings of 5% /month on your remaining balance and you shall receive 1% interest /month from everyone in your downline 10 levels deep for massive wealth.

Point 4: What kind of training support will I have?

There really is no training or support as to the programs except for downloading documents on a fax on demand system, the recorded and live calls which are on going each and every week.

In conclusion, Friends United Network has some great concepts, like buying cars for pennies on the dollar. Another concern arises with the compensation plan and investment plan. Newbies beware! If you are looking for a lot of support and guidance this probably isn't the program for you.

In reality, while the concepts about stopping foreclosures, reality equity programs for paying off a house and buying cars for pennies on the dollar are great concepts some or all of these programs individuals have invested in are being held up for one reason or another and these programs are not for the faint of heart, and really may be better off for the experienced internet marketer not as concerned with support, training, or investment.

Dr. Ron has been teaching individuals how to create wealth by using simple Universal Laws to attract their desires. He is a dynamic speaker and mentor to who has worked with other mentors from around the world. He currently teaches simple and easy techniques to use with marketing any business. The mentoring team he is a part of hold the highest Mentoring stats for the third consecutive year in the row

Richard Byrne of Friends United Network, FUN, is illegally selling unregistered shares of stock, promising dividends in the millions of dollars. He is also promising a broker's commission of 20% to be paid within three days. For years he has been illegally selling unregistered shares of stock and has never paid the upfront and ongoing promised broker's commissions. Nothing new here. Byrne never pays anyone and owes people hundreds of millions. And he is now using robo calls and Beryl Wolk's service to send millions of unsolicited, spam, e-mails promoting FUN's gifting programs that have been around for a dozen years. Stay away from this crook.
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