tag:blogger.com,1999:blog-2020300354268548128.post4226577793326389778..comments2024-03-29T16:46:44.992+05:30Comments on Corporate Frauds Watch: Imaginary earnings and Imaginary tax payments of Amway distributorsShyam Sundarhttp://www.blogger.com/profile/06882675852552827969noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2020300354268548128.post-48575683650040049252009-07-09T15:32:43.166+05:302009-07-09T15:32:43.166+05:30Oh believe me Mr Brear, the laughter is real! Inde...Oh believe me Mr Brear, the laughter is real! Indeed I had a good chuckle reading this post too! :)<br /><br />You are correct about the poor performance of Amway in the UK, I have no disagreement there. In my opinion there are various reasons for that, a number of which came up in the case. Mind you, it's interesting to note that according to the judgmene, of the 33,000 mentioned, only 2970 were doing any retailing. Retailing is a <i>requirement</i> to earn a bonus on downline volume throughout Europe, including the UK. Thus you would not even <i>expect</i> anymore than 2970 to make <i>any money at all</i>. Still, I have personal friends in Amway UK that were making 5 and 6 figure incomes, so clearly it can be done!<br /><br />With regards you current numbers claims, you are completely incorrect. According to the Amway income disclosure, there were around 8000 ABOs at the end of September 2008, and more than 3000 have joined in the first 6 months of this year alone.<br /><br />Interestingly, you claim that people had to "hide the truth about their own loss-making" in order to recruit. Yet, when you look at the facts, the examples given in the judgement of people lying about their incomes were from an organisation that had shrunk substantially in the past decade. Apparently lying about their success was not working well at all!<br /><br />On the other had, the Lowes, who were honest in respect of their success, had a thriving growing business! Interestingly enough, I heard Jackie Lowe say recently that they personally had 75 registered customers. I've heard both her and Trevor over the years talk about their retail customers. A couple of years ago I had an interesting conversation with an Amway UK employee. They were ranting about the dishonest scamming UK Diamonds. I mentioned Trevor Lowe and his attitude completely changed to one of respect and admiration and he spoke of Trevor's integrity and professionalism. Clearly not all Diamonds are the same. Just as clearly, considering the Lowes continued to qualify as Diamond in the UK throughout the past few years, running an Amway business with integrity and professionalism leads to a much more stable and profitable business.<br /><br />It's a shame not all do that.IBOFBhttps://www.blogger.com/profile/15994618805435665155noreply@blogger.com