ED Magedson – Founder
LeafIt101 Convention Center Drive Las Vegas, Nevada USA
LeafIt aka LeafIt Inc. aka VLeaf aka VLeaf International LeafIt aka VLeaf International - Social Media CON ARTISTS...!!!! Las Vegas Nevada
LeafIt aka VLeaf International - Social Media SCAM...!!!!
This company I have "was" affiliated with, is in my understanding running, what is commonly known as a "bait and switch scam". They "baited" us all initially with the promise of huge daily earnings to GROW our ARV over the moon.... then once you are all financially committed, "the switch" they change the terms of the Comp-Plan over and over again, until it resembles NOTHING close to what was originally agreed to..! Again... STANDING ON THEIR FINE PRINT...!!! Like THAT makes it all better..!!!
"Leaf" or "Leaf It" or VLeaf has no product.... other than what they call advertising..! You pay money, allegedly to buy advertising, which give you the right to review 20 sites a day, earning rebates daily, growing your ARV balance! (Which by the way is where your funds went..!)
Now you HAVE to distribute the funds among several websites that You are “required” to Host... Doesn't matter what the websites are, you can host it under your account, and throw money in them, then sites are made available to the pool of members, who are required to open/review a minimum of 20 sites a day, when they click on the sites, they extract $.25 to $.50 to open and review the site. Thus your distributed funds start to dwindle!
There's no tangible value to the reviews, cause most individuals I spoke to said they just click on whatever, all they want to do is get through the 20 sites plus 3 detailed reviews, as quickly as possible, to earn the daily rebates..! That's the whole point, to GROW your ARV balance..!
The rebate, used to be this "Dailey" percentage earned "Each Day" of the total sites visited/reviewed, and on the total ARV accrued in your account. The "Rebate" was either ADDED to your ARV balance or a percentage CASHED out. Of course that PERCENTAGE kept shrinking as the months went by, as was the case, they kept changing the "Compensation Plan" almost every 2 or 3 months, making it harder and harder to earn or cash out to recoup your vested funds.!
I don't know about you, but ANYTIME your promised to make 1.0, 2.0 or even 3.0 percent PER DAY... WHO could pass that up...??? Wouldn't you dump your savings or hard earned money into it..? Well unfortunately… MANY HAVE..!
But here's the kicker, regardless of how much you PAID IN, or how much you earned in rebates in ARV, current members can't cash out unless NEW MONEY comes in under them..! Basically if you earned a $100 in rebates, you can't cash it out unless SOMEONE under you PAYS IN $100..! No "NEW" money IN or SALES IN...., NO money OUT..! PERIOD!
So technically the LAST person on the bottom can't make anything, unless they bring in NEW PEOPLE, with NEW MONEY under them..! SO every dollar they PAY IN is just absorbed and paid out to others!
And yet Leaf continues to claim this is NOT investing or a PYRAMID, yet they pay out a percentage of INCOME, just like a dividend, claiming it's a "rebate", that's what makes up the DAILY REBATE Percentages... ALL the NEW money coming in..!!!
Now they have again, changed the comp plan, and KNOCKED it down to very few sites, basically forcing you to "PAY MORE" in monthly to keep your hosted sites alive..! Cause if there is no money behind each site, it disqualifies you from any future earnings. They KNOW this, that's why they rigged it..! So YOU are funding everyone's 20 site "Review Rebates" earned as a requirement of membership! Again more money..!!
This a sham, cause the guys on the bottom loose all their moneys unless they stick-it to someone under them, selling them on "the dream" of "Daily compounding interest... oh I mean "rebates"..! So since I chose not to USE someone under me to fund MY payouts.... now I am losing all my vested funds..! And because they keep changing the terms of the comp plan, which was what really bothered me in the first place, cause the current comp-plan doesn't resemble in ANY WAY what I originally signed up for....!
BAIT AND SWITCH...!!!
And yet, they keep pumping you up with more and more hype, more conference calls, more specials, more ways to double your ARV over the moon, of course ONLY if you dole out MORE CASH FIRST..! And they keep dancing around the fact that someone HAS to lose their funds in order to FUND all of this..! It’s as bad as gambling…. Winners are paid by all the LOOSERS..!!!
CAUSE THERE IS STILL NO TANGIBLE PRODUCT...! It was just throwing MORE and MORE money into websites that do NOTHING, other than give others somthing to click on and make 25 cents OF YOUR MONEY.!
But that's okay, as long as they keep "promising a product", string us along, suck more money from us..! It's all okay, cause it's covered in the fine print, so they don't care..!!!! Then when you had enough of the constant marry-go-round, and decide to jump off, and request your funds be returned... they ride the fine print train, and tell you "too bad... you agreed..!" "Thanks for the FREE MONEY..!" That's right people WISE UP..! They just keep scooping it up, cause we keep gullibly sending it to them..! Someone is getting rich off of OUR FUNDS... and it isn't us...!
So far I have been SCAMMED for close $900 and my mom almost $400… that’s $1,300 for NOTHING! WISE UP PEOPLE AND REPORT IT FOR WHAT IT IS..... A TOTAL FRAUD...!! Don't loose your money like I did..! They are REFUSING to RETURN any funds claiming I bought advertising...! WHAT ADVERTISING..? There was NO PRODUCT..! SCAM... SCAM... SCAM...!
Now they claim they were bought out by some OTHER COMPANY called LefIt... lol... Yeah right, same Corp shuffle to HIDE assets from the Law..!
Please people don't be foolish... invest your money with a reputable company, NOT THESE CON-MEN, in the end you it will cost you hundreds or even thousands, and UNLESS you STICK IT to someone else, and bring them in under you, you will NEVER see a dime...! I couldnt do that to someone else, thats why I LOST it all..!!!
This report was posted on Ripoff Report on 06/12/2014 02:27 PM and is a permanent record located here: http://www.ripoffreport.com/r/LeafIt/Las-Vegas-Nevada-89109/LeafIt-aka-LeafIt-Inc-aka-VLeaf-aka-VLeaf-International-LeafIt-aka-VLeaf-International--1154342. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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