Here is the info I gathered on DubLi and the DubLi reverse auction:
DubLi operates in the US, but their domain is registered to an address in Denmark. They operate in the US under CEO and Founder Michael Hansen.
The DubLi Reverse Auction lotteries - there is no way to tell if this is legit, or rigged by the operators. Their dislaimer gives them the right to ban you at any time, even if you have auction credits. The reverse auction title is a bit misleading. On DubLi, buyers compete to get the lowest price. In theory, the price of the item is offset by the purchase of the credits used to make the bids on the item. It's really a gamble.
You are required to buy Dubli points that are part of the advertising packages you use to recruit more promoters ( who in turn buy Dubli points to recruit more DubLi associates and so on ).
According to one site:
DubLi claims to be the competition to eBay, but:
DubLi uses a pyramid model and sells gambling tokens called “DubLi credits”.DubLi doesn’t even register when you compare traffic analysis.DubLi gets .026% the number of visits that eBay gets; to put it another way, if you add up all the traffic they each get, eBay gets 99.97% of all that traffic.What competition? The two organizations have completely different markets.
My questions on determining if this is all a DubLi Scam:
Does the company have a US office? On their website, in their terms of service, this is the contact info:
(1) If you are a consumer, you can cancel your contract statement, without specific reasons, within two weeks after receiving items or purchasing Credits. To ensure the revocation period, a notice of cancellation, or the goods, must be sent in due time. Cancellations can be sent to: DUBLICOM Ltd.17 Gr. Xenopoulou Street3106 LimassolCyprus
(Cypress? This is a HUGE RED FLAG )
Do they deposit funds in a US Bank? ( If they don't it makes it impossible to recover anything should the FTC or another agency determine they are a Pyramid, and shut them down )
August regarding your questioning if this is a Dubli scam, the only other information I have been able to come up with at this time is that they appear to have global offices and warehouse-distribution centers. The headquarters of DubLi.com is in Cyprus. DubLi.com products are warehoused and distributed for the North American market by DubLi Logistics from Phoenix, Arizona. The EU products are warehoused and delivered from Berlin, Germany by Lenox GmbH (Ltd.). DubLi's US parent company DubLi.com LLC (Holding) resides in Wilmington, Delaware.
DubLi Logistics LLC (Logistics North America)Trolley Square, Suite 20 cWilmington, DE 19806USA
DubLi.com LLC (Holding)702 West StreetWilmington, DE 19801USA
I have been unable to find anything thus far regarding a US bank, I will do more research and if I come up with anything I will share it here.
Your information about DubLi.com and DubLi Network is totally wrong. DubLi is a USA publicly traded company and is not a Network Marketing or MLM company. Independent Business Owners purchase their own DubLi Shopping portal that includes the world's largest Rewards Shopping Mall with the world's best known Retailers and Online Store totaling over 1,500 Merchants and growing every day. In addition to the Mall, DubLi has reverse auctions where consumers have the opportunity to bid the price down on the most popular products and gift cards sold online. All the products are new and purchased by DubLi and with a starting price guaranteed to be the lowest price online. If the consumer finds a lower price, the buyer gets an additional 10% discount.
There is no membership fee to join DubLi and consumers save up to 98% on their purchase and earn reward rebates up to 30% on every purchase they make in the Mall. My company DubLi Shopping Consultants offers free personal shopping training and free customer support. We teach our customers how by shopping in the Auctions and Mall they pay almost nothing (Zero $$$) and in some cases earn money on their purchases. I invite you to register for FREE as my customer and I will send credits to try out the Auctions and take you on a personal Shopping Tour and Training.
http://dubli.com/video-2959282
DubLi Pulls Off Non-Plus-Ultra - The Reverse Auction Company Does A Reverse Merger!
The DubLi Factor | DubLi Online Auctions
DubLi Sets Shopping Portal Open Date for Australia & New Zealand
Cynthia Mittelsteadt dublishoppingconsultants@gmail.com
Hi Cynthia,
DubLi is MOST DEFINITELY a network marketing company. Commission are paid for referring new members. The commission structure is multi level.
Hence: Network Marketing / Multilevel Marketing.
As far as being a publicly traded company - DubLi appears to have done a reverse merger with MediaNet. They didn't start off as a company that grew and went through all the processes to become public. They bought or merged with another company, and doesn't necessarily lend legitimacy to DubLi ot the DubLi network just because now there is "Dubli Stock".
That's a hoax that's been used in MLM going all the way back to TravelMax.
Not to say DubLi is a hoax, but, I get really wary when people start spinning events like this into 'facts' that are somehow suppsed to substantiate the legitimacy of a company.
And again, the DubLi MLM is definitely an MLM.