Penny auction MLMs running scared ?

[littleroundman]

It appears the recent SEC action is already having an effect on the recent proliferation of MLM penny auction clones:

http://i218.photobucket.com/albums/cc153/thelittleroundman/Scams/we1.jpg

Downloadable Bidify corporate statement in .PDF format (https://www.bidify.com/corporate_statement.pdf)

[Whip]

Seems they're admitting to doing the exact same thing as zeek.

[JustTooMuchTime]

Just saw that, too. And was curious about when they created the doc. Here's that info:

[EagleOne]

Of course they were using Zeek's template. They saw how easy it was to fool people, so why bother doing it right? Well that is until the roof caved in. :RpS_lol:

You can bet your sweet a$$ets they thought they were next. But wait, I thought being registered offshore and not being in the US protected you from the "evil" US Law Enforcement agencies, the US doesn't control or rule the world? At least that has been the mantra for all these Ponzi's. Guess the owners of bidify didn't believe the myth, and Frode didn't like prison that much.

[Soapboxmom]

Bidify has Kevin Thompson, the MLM attorney from purgatory and bosom buddy of Len Clements, advising them??? Down the commode it shall go!:duh:

[littleroundman]

Are Penny auction MLMs running scared ???

YEP, with bells on:

http://i218.photobucket.com/albums/cc153/thelittleroundman/Scams/maintenance.jpg

Bidify website (http://www.bidify.com/)

[littleroundman]

Yeah, yeah,

where have we heard this before ??

http://i218.photobucket.com/albums/cc153/thelittleroundman/Scams/yepyep.jpg

MoneyMaker Group HYIP ponzi forum (http://www.moneymakergroup.com/Bidify-Bidifycom-t400387.html&pid=7177933&mode=threaded&start=1300#entry7177933)

[kschang]

If they can switch to a plain "affiliates only get paid on selling bids for commission" then good luck to them.

How much bids to give away should be affiliates choice, and they should not be "rewarded" for it by the company in the first place.

[littleroundman]

http://i218.photobucket.com/albums/cc153/thelittleroundman/Scams/stroz.jpg

That's it, Manolo/Strosdegoz/Dirson Eduardo Jiminez Santana keep on lying.

I'm sure there's SOMEONE out there who hasn't quite woken up to the fact you're a superpimp protecting your own pocket.

[laidback]

Can anybody spot the flaw in these folks logic?
1536

[littleroundman]

Bidify has reappeared online, after having some sort of profound religious awakening during its' time offline.

This by one of its' Scandinavian pimps on the Talkgold HYIP ponzi forum, Bidify thread (http://www.talkgold.com/forum/showpost.php?p=4875176&postcount=271)

http://i218.photobucket.com/albums/cc153/thelittleroundman/Scams/moneyman.jpg

[kschang]

Bidify's new comp plan is pure MLM based on sales volume. There's nothing left of the "passive" stuff.

Guess all those affiliates will have to actually WORK now! Ha-ha!

[littleroundman]

Good Lord,

I've seen less spin than this during peak time at the laundromat:

http://img837.imageshack.us/img837/4093/bidifythird.jpg

Bidify thread on Talkgold HYIP ponzi forum (http://www.talkgold.com/forum/showpost.php?p=4875814&postcount=278)

[oregongrrl]

Is Penny auction legit? Iam thinking of joining, Anyone here currently involved with them?

[Wizzard7]

FunkyShark shut down!!!!! URGENT >> BULLETIN >> MOVING: Montana Fines ‘Funky Shark,’ Purported Upstart ‘Penny Auction’ Program; Operator Agrees to Pay $834,000 After Issuance Of ‘Cease And Desist’ Order (http://www.patrickpretty.com/2012/12/20/urgent-bulletin-moving-montana-fines-funky-shark-purported-upstart-penny-auction-program-operator-agrees-to-pay-834000-after-issuance-of-cease-and-desist-order/)

[GlimDropper]

Well FunkyShark has been "shut down" for a while now. Even before they got the chance to pretend that their "rev share" penny auction was any less a ponzy than Zeek Rewards "rev share" deal was, they were offering a straight up pay to play founder deal. Pay to become a "founder" and earn a commission for as many other people you could get to pay to become a "founder" long before they could even pretend there was anything like a product to be retailed to end consumers. I know this will surprise some of our less than regular readers but that's pretty much the straight line definition of an illegal pyramid scheme.

In fact the only relativly interesting aspect remaining in the program was how they were pretending to be able to refund every "founder's" money. You see, anyone who recruited enough other "founders" was pretty much paid what they were promised for having done so. And because it was a naked pyramid scam the only money generated to pay those recruiting bonuses came directly from the fees paid from the recruited, the only way all the people who paid to be recruited could get their money back was for all the people who got paid to recruit them to refund that money. Good friggen luck with that.

(Parenthetical note: Montana, per population you bust more more pyramid scheme balls than any other state in the union, and I dig that about you. But why did you drag your feet and after months delay fail to press paper against Zeek Rewards only to later step up and smack down Funky Shark who were already dead in the water? Anyway I will always love you both for your big skies and for what you did to FHTM.)