Global Money Unlimited: Should You Invest in this Company?

Global money unlimited is a networking business whose structure and money earning program works like Ad-for Networking and JSS Tripler. Members recruit new members and earn money from the network.

Global Money Scam?
Pyramid selling, more popularly known as multilevel level marketing (MLM)and networking is not new. Mary Kay, USANA Health Sciences and Amway are just examples of companies that thrived for using the networking model of business. What sets Global Money Unlimited apart from these MLMs is that there is no product being distributed in the Global Money network. This has raised question as to whether Global Money Unlimited Inc also known as Caress Global Foundation and ECC-Livelihood Social Services Inc. is just another pyramiding scam.

Global Money Philippines Review
The Philippine's Securities and Exchange Commission has already released an advisory dated March 6, 2012 against doing business with Global Money Unlimited. The document, to date, is still posted in the official SEC website and can be read in PDF format via this link http://www.sec.gov.ph/notices/advisory/caceres%20lending%20investor%20co.pdf.

By March 20, 2012, A photo of a new SEC certification for Global Money under the name ECC-Livelihood Social Services Inc. was distributed via Facebook https://www.facebook.com/photo.php?fbid=2775646279938&set=o.107594822638584&type=1&theater.  The certification , however, only grants "judicial personality to the corporation" and does not give license or authority to Global Money aka ECC-Livelihood Social Services Inc. to conduct business activities as a financing company, pre need plan issuer, etc. (see image on the left).

Many members, however, still maintain that Global money is not a scam as attested by their own experience with the company and after having received their earnings and commissions.

What is your personal experience with this networking company? Is Global Money a scam? Feel free to share your views below.