Bernard Madoff And Global Resorts Network GRN (Ponzi Scheme)

161 views

Uploaded on January 18, 2009 by deanstravel

www.MORVacationsAmerica.co

People lost billions with Bernard Madoff's ponzi scheme while others warned that the profits had been too good to be true for years. What about {Global Resorts Network}? The home based travel business expert takes a closer look.Global Resorts Network GRN sells a vacation club membership through network marketing. The {GRN} membership provides members with access to over 5000 timeshare resorts around the world. The {Global Resorts Network} offices are located in Phoenix Arizona. The company {GRN} has secured the exclusive rights to market a vacation club membership in the United States and sell it on the internet. Global Resorts Network affiliates sell a vacation club membership provided by a membership company that is based in the United Kingdom. The membership provides Global Resorts Network members with access to timeshare resorts without the requirement of a timeshare purchase or the payment of annual maintenance fees. The United Kingdom based membership sold by GRN provides access to resorts throughout Europe and around the world. Travel experts say the membership company providing the Global Resorts Network product is not a big player in the United States. Thats why the membership company was willing to give Global Resorts Network GRN the rights to the U S market. Network marketers living outside the United States may join GRN. They can book travel and enjoy all the benefits just as any other member. However, Global Resorts Network members trying to earn money through network marketing by selling the membership are severely restricted by GRN as to how they can market the vacation club memberships. 4.18 - International Marketing Because of critical legal and tax considerations, GRN must restrict the public advertising and public presentation of the GRN Travel Memberships and income opportunity to prospective Customers and Affiliates in countries that the Company has not announced are officially open for business.
Accordingly, Affiliates are authorized to advertise the sale of GRN Travel Memberships, and enroll Customers or Affiliates in the countries in which GRN is authorized to conduct business, as announced in official Company literature. GRN sales aids cannot be shipped into or sold in any foreign country. Affiliates may sell, give or distribute sales aids only in their home country. In addition, no Affiliate may, in any unauthorized country: (a) conduct or advertise public sales, enrollment or training meetings; (b) conduct publicly any other activity for the purpose of selling GRN products, establishing a marketing organization, or promoting the GRN opportunity. Residents of foreign countries considering Global Resorts Network may want to compare the GRN program to MOR Vacations, a program without international marketing restrictions. MOR offers access to over 5400 resorts around the world and much more. Unlike Global Resorts Network, the M.O.R. program is backed by a U S based vacation club company that has sold travel memberships similar to those with GRN since 1985.

Tags:
Global, Resorts, Network, Bernard Madoff, Ponzi, Scheme, Scams, GRN, Nome, Based, Business, Travel, News & Events
Comments on Bernard Madoff And Global Resorts Network GRN (Ponzi Scheme)

RECOMMENDED CHANNELS