BREAKING NEWS: BLGM busted by HKPD, 5 arrested, office locked and dark

According to multiple media reports, Better Living Global Marketing, which operates “Bidder’s Paradise” has been raided by Hong Kong Police Commercial Crime Bureau and 5 were taken into custody. Office is locked, and inspectors have confiscated cases of documents as well as computers into evidence

 

BLGM basically operates as a Hong Kong clone of Zeek Rewardsd ponzi scheme, with various “winners” paraded as “proof” that the auction works, and then claimed the auction brought in so much profit that it needs investors to expand. However there were cash flow problems that was first discovered in 2014.

Apple News HK reports:  (translated, original linked below)

HKPD Commercial Crime Bureau has broken up an auction website alleged of using pyramid selling technique to defraud people. The affected company’s Tsim Sai Tsui office is dark and locked yesterday, with many victims knocking on the door looking for redress. Five arrested have made bail and will await trial. The founder of website, Luke Teng, 55, is son of HK’s most famous Christian Church leader Jing-Hui Teng.
The affected company “Bidder’s Paradise Ltd” office at XingWengHua center is locked. Only two people were observed enter. When confronted, one said “I’m a relative of Luke Teng, and the company’s active for two years, and said “We don’t cheat people”, and claimed there will be a press conference later to explain everything, and otherwise, no comment.
Many victims approached the office later. One Nepalese man claimed he’s merely a security supervisor at a milk company, and joined last July, put in 400000 HKD, earned up to 10000 HKD a month. Got many friends and family to join, have put in about 1.58 million HKD. He even pawned all his jewelry. He is afraid he will get back nothing. Another victim “Saiman” claimed he found the company online, and put in nearly 3 million HKD, and earned early on, but haven’t received anything recently. He had even reported it to the police at HKPD HQ.

blgm.hk registry whois

blgm.hk registry whois

Updated 1 second ago – Refresh
——————————————————————————-
Whois server by HKIRC
——————————————————————————-
.hk top level Domain names can be registered via HKIRC-Accredited Registrars.
Go to https://www.hkirc.hk/content.jsp?id=280 for details.
——————————————————————————-Domain Name:  BLGM.HKDomain Status: Active

Contract Version:   HKDNR latest version

Registrar Name: Hong Kong Domain Name Registration Company Limited

Registrar Contact Information: Email: email@hkdnr.hk                       Hotline: +852 2319 1313

Reseller:

Registrant Contact Information:

Company English Name (It should be the same as the registered/corporation name on your Business Register Certificate or relevant documents): BETTER-LIVING GLOBAL MARKETING
Company Chinese name:
Address: 1405 RIGHTFUL CENTRE, 11-12 TAK HING STREET, YAUMATEI, KOWLOON, HONG KONG
Country: HK
Email: email@msp-power.com
Domain Name Commencement Date: 23-08-2012
Expiry Date: 23-08-2018
Re-registration Status:  Complete

Administrative Contact Information:

Given name: WING WA
Family name: LI
Company name: TOPMATE TECHNOLOGY COMPANY
Address: RM1508, WEALTH COMMERICAL CENTRE,
NO.48 KWONG WA ST., MONG KOK,
KLN.
Country: HK
Phone: +852-27808110
Fax: +852-27808990
Email: email@topmate-tech.com
Account Name: HK1354185T

Technical Contact Information:

Family name: TENG
Company name: BETTER-LIVING GLOBAL MARKETING
Address: 1405 RIGHTFUL CENTRE, 11-12 TAK HING STREET, YAUMATEI, KOWLOON, HONG KONG
Country: HK
Phone: +852-31580828
Fax:
Email: email@msp-power.com

Name Servers Information:

ALEX.NS.CLOUDFLARE.COM
EDNA.NS.CLOUDFLARE.COM

Status Information:

Domain Prohibit Status:

Better Living Global Marketing A RIPPLING NIGHTMARE

MAJOR UPDATE: 03-20-2015

Let’s face facts:  Long after this article was published, many of you joined BLGM in blind faith without doing your diligence.  I too fell victim to Profitable Sunrise costing me over $100,00.00 loss.  Better Living Global Marketing has turned how much money?  How many have been paid?  Time to wake up!  Read what this article says and ask yourself – where’d did the money go?  We only have a few openings left and only so much time before time runs out.  The clock is running out.  Call now for availability: 702-503-1145!

RIPPLING NIGHTMARE: Has TelexFree Been Dwarfed By Another MLM Ponzi Scheme? Better Living Global Marketing Reportedly Says It Has Taken In $3.3 BILLION — And Is Experiencing ‘Cash Flow Problem’

By PatrickPretty.com 9:06 am Nov 4, 2014

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