A supply has supplied perception into APLGO’s present enterprise operations.
The corporate is reported to be behind in commissions for over a yr, in addition to being behind on stock funds in “most markets”.
BehindMLM reviewed Ageo’s rebranding within the US as APLGO again in 2020. In reviewing APLGO, we weren’t impressed with its pay-to-play pyramid mannequin.
To qualify for commissions APLGO associates are compelled to buy product every month.
The majority of the compensation plan focuses on recruitment of autoship associates, which in follow is what makes APLGO a pyramid scheme.
APLGO launched as Ageo Product Line in 2011. With roots in Russia, the corporate operates globally via shell corporations.
On its web site, APLGO offers a “registered agent” deal with in Delaware.
Founder Sergey Sergeevich Kulikov (proper) cites his location as Florida on LinkedIn.
Our supply claims that APLGO’s 2020 launch was dogged by “mismanagement”.
For every nation individuals have been employed as a result of they have been mates of the early company staff, and so they all took positions within the tree which created a battle of curiosity.
With APLGO working as a pyramid scheme, any positions on the high of the compensation are going to earn the lion’s share of commissions.
SimilarWeb presently tracks high sources of visitors to APLGO’s web site as Russia (57%), the US (23%) and the Netherlands (9%).
In response to our supply, “the US is hanging on by a thread”. Exterior of maybe Russia, different markets aren’t going too properly both.
Korea workplace was closed as a consequence of miss administration. 3 Distribution facilities in Philippines closed as a consequence of poor enterprise.
Most markets haven’t paid for stock for six months.
It’s only a matter of time earlier than the corporate falls, aside with taxes, due in each market, and no technique to pay them.
One factor APLGO likes to emphasise in its advertising and marketing is a 63% firm income fee charge.
APLGO likes to brag about their compensation plan, paying 63% nevertheless it pays an excessive amount of and the corporate by no means has sufficient cash to pay their distributors on time or in some circumstances by no means.
Our supply informs us various APLGO’s “high leaders” have left over the previous yr.
Lots of them are owed between $25,000 to $250,000 in commissions.
Prime leaders who left are owed cash – the corporate merely suspends them, then terminates them to keep away from paying.
Many chief contracts have been by no means honored.
Within the “63% commissions” advertising and marketing screenshot above, you’ve in all probability seen hyperlinks to Ted Nuyten’s BusinessForHome web site.
APLGO options on BusinessForHome… so much.
BusinessForHome presently pegs APLGO at $234 million in annual income. The positioning additionally ranks APLGO third total in its “momentum” metric.
In response to our supply;
It is because enterprise for home-owner Ted has them as a shopper and can proceed to function them so long as they pay their month-to-month dues.
Ted is aware of about all the points, however won’t addressed in publicly to maintain his shopper.
BusinessForHome reveals 210 million in gross sales for firm. These numbers have been by no means verified by Enterprise For Residence.
The Russians are within the behavior of manufacturing faux paperwork.
If an MLM firm isn’t a paying shopper, BusinessForHome has no drawback reporting on their monetary difficulties:
BehindMLM first coated moral points with respect to BusinessForHome’s undisclosed shopper listing again in 2015.
Nothing has modified.
Because it stands APLGO is purportedly being stored afloat by “a partnership enterprise in Vietnam that’s not MLM”. The enterprise makes use of
the corporate title to promote firm merchandise.
Up strains have been lower out of the brand new tree to avoid wasting on commissions due. Proprietor utilizing these income to maintain firm afloat.
Whereas BehindMLM has chosen to not disclose its supply on this occasion, I’m assured within the accuracy of the knowledge supplied.
APLGO are welcome to reply.
