Is Swissgolden Just Like the Troubled Rurally Developed Start-up Emgoldex?

Maybe you’ve heard, but gold-selling MLM company Emgoldex is suffering its share of legal problems lately.

Specifially, Emgoldex Team USA has pretty much been shut down on allegations of fraud brought on by the Massachusetts Attorney General (they’re registered in Andover, MA).  Also, Emgoldex Philippines is in trouble with the SEC, although Emgoldex HQ denies any affiliation with Emgoldex Philippines (you’re on your own, buddy!).

What we want to know is whether Swissgolden, who also sells gold bars via a table-based recruitment structure, will soon suffer the same fate as Emgoldex.  After all, the two companies are extremely similar.

Swissgolden, Emgoldex, What’s the Difference?

There’s a handy YouTube Video showing how similar the two companies really are.  Their payout structures are almost identical, although the video points out that Swissgolden is a better deal.

But we’re not looking at either company as potential money makers today…we’re here to find out if Swissgolden will soon be investigated for the same things for which Emgoldex finds itself under scrutiny.

The basic similarities according to this Swissgolden review:

  • You pre-pay for your gold.
  • You only get paid when you fulfill “marketing requirements”, which is other words for recruiting requirements.

Seems if there really was a true product structure, you’d pay for your gold and get your gold, straight up.  What if you just want to flat-out buy some gold bars?  Can you just pay full price and get your bars, without entering the wait-and-recruit system before getting your product?

The answer is no.  The whole  point is to recruit.  You cannot simply buy gold…you must “invest” in Swissgolden and be placed in the recruitment structure and only after filling some tables with recruits will you realize your investment. Similar to the compensation plan with My Advertising Pays, recruit 2 people, and hope they and subsequent generations do the same until your matrix is full, and then you get your investment back.

When Recruitment is the Point…

Doesn’t sound like a product-driven system, and the Massachusetts Secretary of State agrees on that count, as far as Emgoldex USA is concerned.  That office has filed suits against the owners of Emgoldex USA because it reeks of “Pyramid Scheme”.

The actual charge is  “fraudulently” (their words) offering and selling unregistered securities in Massachusetts.  They are supposed to register as broker-dealers, broker-dealer agents, investment advisers, or investment adviser reps.  Just to be fair, the term “fraudulently” refers to the fact that they’re not registered, not to their product.  The lawsuit does allege that Emgoldex Team USA is a Pyramid scheme and that’s the bottom line for Swissgolden.

So, if Swissgolden operates under the same structure is it only a matter of time that they too are under investigation?

The trouble for investors is, even if a company wins such a case, the terms of the lawsuit dictate that they cease and desist immediately all actions.  That means, if you’ve invested and are currently working on filling your tables when that cease and desist order comes through, you’re screwed until it all gets settled.

Chances are, you won’t be getting that money back and even if you do, it won’t be any time soon.  Can you spare (investment amounts for entry into the Swissgolden structure) $230 or $10,369 to be tied up indefinitely?

Rural Development Company Profile #1: Tucson Exterminating

If you know our story, you know we love showing companies who’re actually making a difference (responsible rural development) while taking names in their industry.

Our first company that we’re stoked to profile?

Tucson’s pest control mogul, Tucson Exterminating.

Not only do these guys honor veterans, give military discounts and only use eco-friendly pesticides, they’re also committed to go completely solar and green with all of their warehouses.

So, how does their business work? Think you’ve got a termite problem? It’s easy to do, with roughly a dozen species of termites living our fair state of Arizona. The truth is: not all the termites you see are actually home invaders- that should calm your nerves if you’ve recently spotted termites around your home. There’s a chance the ones you see aren’t interested in your home at all…but how can you tell?

Here’s a handy guide to getting to know the termites of Tucson. We’ll cover the species you’re most likely going to encounter around your home and in your yard, but remember only a pest control professional will be able to identify with certainty the type(s) you’ve got crawling around your property.

But it’s always good to know your termites if you’re a homeowner, so take a look below. We’ll start with the ones that cause the real damage:

1. Eastern Subterranean Termites (Reticulitermes). These are the nationwide terrorists that plague homes from New York to Tucson to California. They’re responsible for most of the termite control dollars we Americans spend each year, and can invade your home in numbers quite difficult to fathom.

If you have Eastern Subterranean termites, call a Tucson pest control specialist right away.

2. Native Termites (Heterotermes).Although more commonly found in the Sonoran Desert than Eastern Subterranean termites, these native termites are easy to spot because they create horrifying “drop tubes” of dirt from infected ceilings. Again, call your pest guy right away if you see these spooky tubes anywhere in or around your home.

3. Desert Termites (Gnathamitermes tubiformans). If you live in Tucson, then you’ve probably seen desert termites more than once in your life! They’re everywhere, especially after a rain or during Monsoon season. Look at a pile of dead grass and you might see them. Look at some loose clay after it rains, and you might see them. Look at a cactus that’s fallen over, and you might see them. It’s a plain fact: they’re everywhere.

They’re not typically in homes, thank goodness. That’s not to say you have your home checked every so often. Desert termites like dry conditions, whereas other types like moist conditions. Sometimes manufactured homes will have Desert Termites in their crawl spaces.

They’re even considered beneficial to soil, since they break down organic matter into soil nutrients. They even have a beneficial effect on the levels of carbon and nitrogen in the environment*. Predators include skunks, who get tons of nutrients from the Desert Termites.

Even though it’s pretty tough to distinguish termite species in general, it’s relatively easy to know when you’re looking at a Desert Termite. They’re larger and they come out just before sunset during summer. Subterranean termites, on the other hand, swarm during Winter and Spring… (as told by this utah real estate site).

So now when you see termites, you’ll know not to panic if you suspect all you’re looking at is a Desert Termite. Of course it’s best to be safe, and call a professional the first time you see termites, even if it’s just to confirm that you don’t have a problem…you’ll sleep better!

*Source: Texas A&M Agrilife Extension “Desert Termites”