“Better Business Bureau is warning Washington consumers of a new work-at-home, multi-level marketing opportunity called Regenesis 2X2. Since May 2009, BBB has received numerous inquiries and complaints about this Kirkland, WA–based company’s business practices.
Complainants allege that the Regenesis System lures in prospects with guaranteed leads and promises of individuals or “recruits” working beneath them. Regenesis 2X2 also advertises high income potential as part of its promotions; on www.regenesis2x2.com, this company refers to itself as a “proven money making machine.” However, after collecting an initial payment of $325 from potential participants, the company has left many frustrated as they wait for promises to be fulfilled.
Due to concerns with the nature of business, Regenesis 2X2 holds an “F” rating.”
8/7/2009 Update:
I hope you pay special attention to what Lynn Edgington from Eagle Research Associates just posted about the fact that his organization Eagle Research Associates provided information to the Secret Service from late May regarding Regenesis2×2.
Why? Because as he stated the Secret Service acted on this information when they raided the home of one of the principals of Regenesis2x2, searched a P.O. Box, a car and the business office of Regenesis2×2 on July 17.
The Secret Service said Regenesis2×2 was the classic Ponzi scheme.
Eagle Research Associates has really made a difference in saving many people from being scammed – who knows…they may have saved your mom, sister, or children from unnecessary losses.
I encourage you to click here to read more about Eagle Research Associates and how they are helping fight scammers to keep you and your wallet safe.