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PROTECT YOURSELF FROM SCAMS!  Research all business opportunities thoroughly, and never blow off other people's bad experiences.  Ask around (and listen!).  The Scams101 Message Board is a good place to start.  What's that?  You've found a Biz Op and you're wondering if it's endorsed by FIB?...  Not unless it's listed in MaaMaw's Magnificent Toolbox.






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FIB - Scams 101

Re: Mili in the Philippines

Posted By: nguyenvo
Date: Thursday, December 6, 2007, at 8:34 p.m.(pst)

In Response To: Re: Mili in the Philippines (Sel)

To be honest. I was involved in the Mili from the start. A lot of promises from
the CEO Cuong Do. But the truth is, even if I am also Vietnamese, I am
sad to say that he is not a man of honor and a liar. He uses a lot of lies
and deception to make people work for free. He is good at making big promises
and selling dreams to those that are gullible. He promises wealth to people
then sticks them with exotic adjustable rate mortgages and over-priced
properties that you couldn't or wouldn't sell to your mother. I think
a more appropriate name for his company is "The Sucker Group."

>> >> Maria, are you referring to MILI Philippines with its office
>> in Nicanor Roxas Street, Quezon City? I joined that group only last
>> September 2007. But I have noticed, too, how disorderly the members of the
>> MILI Philippines Committee were. They did not have an organization and
>> they were all into business opportunity presentations. And despite their
>> lack of organization, went from Manila to Baguio to Pampanga to Subic to
>> Cebu to Iloilo for their BOPs. Quite a number of real estate agents and
>> brokers became interested, filled out application forms, got NBI and
>> barangay clearances and paid the membership fee of Php1,000.00. And just
>> as we were about to get into the technical training, schedules did not
>> push through. So, where are we now? Nowhere close to getting the knowledge
>> for creating wealth the MILI way.
>> Maria, what is this group that you eventually joined after leaving
>> MILI? I hope you don't mind my asking. Sounds like it's a better prospect.

>> I joined this group about 2 years ago and nothing ever happend. Yes
>> >> they hype you up and tell you all these nice stories of how
>> much you can
>> >> make but that's it. They did not help me out at all! They
>> were very
>> >> disorganized at that time. They kept telling me they were
>> going to grow
>> >> super big and were going to have this big office building and
>> were going
>> >> to start building all these apartments and building and as of
>> yet, I have
>> >> not seen any of that happening (even after 2yrs). I would ask
>> questions
>> >> and they wouldn't know what to say or would tell me the
>> fairytales again
>> >> and again. At that time they were promoting the arms and i/o
>> loans. We saw
>> >> what happend to all that. They would explain to buyers that
>> they could
>> >> cash out in 2 years, when the arm was up and sell. I'm afraid
>> to imagine
>> >> what happend to all those people that believed them and
>> bought how they
>> >> told them to. Properties are not appraising more than what
>> they paid and
>> >> now they owe more because they put $0 down and did not pay
>> any principle
>> >> down.

>> >> I decided to get out because I was afraid of what is
>> happening
>> >> now-people owing more than what they paid. I wasn't able to
>> repeat the
>> >> fairytale of money multiplying to clients and buyers. I
>> decided to go with
>> >> another reputable company and am doing pretty good-can't
>> complain.

>> >> Maybe it'll work for you-if you want to believe what they
>> tell you,
>> >> but you have been warned.

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