Thread: Banners Broker HYIP ponzi scam

Not strictly on topic but I found a list I thought some people might find interesting on a Blog by Sam E. Antar. Now Mr. Antar is no stranger to fraud in so far as he helped perpetrate one himself but I though the following might be enlightening:

White Collar Fraud Blog: December 25, 2006 - The Art of Spinning: How to Identify Possible White Collar Criminals or at Least Unethical and Deceitful People Who You Should Avoid

White collar crime is a crime of persuasion and deceit. Since the white collar criminal uses persuasion and deceit to commit their crimes, it follows that such felons are artful liars.

People often ask me what characteristics I look for in other people that alert me to possible criminal activity or at least unethical and deceitful people.

Not all questionable conduct is illegal. A person can be unethical or deceitful (however they are defined) without committing any illegal acts as defined under the law.

However, most criminals use tools like spinning (see below) in the conduct of their crimes.

The Art of Spinning:

Sell people hope. My cousin ‘Crazy Eddie’ Antar taught me that “people live on hope” and their hopes and dreams must be fed through our spin and lies. In any situation, if possible, accentuate the positive.

Make excuses as long as you can. Try to have your excuses based on at least one truthful fact even if the fact is unrelated to your actions and argument.

When you cannot dispute the underlying facts, accept them as true but rationalize your actions. You are allowed to make mistakes as long as you have no wrongful intent. Being stupid is not a crime.

Always say in words you “take responsibility” but try to indirectly shift the blame on other people and factors. You need to portray yourself as a “stand up” guy or gal.

When you cannot defend your actions or arguments attack the messenger to detract attention from your questionable actions.

Always show your kindness by doing people favors. You will require the gratitude of such people to come to your aid and defend you.

Build up your stature, integrity, and credibility by publicizing the good deeds you have done in areas unrelated to the subject of scrutiny.

Build a strong base of support. Try to have surrogates and the beneficiaries of your largess stand up for you and defend you.

If you can, appear to take the “high road” and have your surrogates do the “dirty work” for you. After all, you cannot control the actions of your zealots.

When you can no longer spin, shut up. For example, offer no guidance to investors or resign for “personal reasons.” Your surrogates and so-called friends can still speak on your behalf and defend you.

If you are under investigation always say you will “cooperate.” However, use all means necessary legal or otherwise to stifle the investigators. Remember that “people live on hope” and their inclination is to believe you.

When called to testify under oath (if you do not exercise your 5th amendment privilege against self-incrimination) have selective memory about your questionable actions. It is harder to be charged with perjury if you cannot remember what you have done rather than testify and lie about it.

However, before you testify have other friendly witnesses testify before you to defend you. You need to “lock in” their stories first (before they change their minds) so your testimony does not conflict with their testimony and your story will appear to be more truthful.

Try not to have your actions at least appear to rise to the level of criminal conduct or a litigable action. Being stupid or being unethical is not always a crime or a tortious action.

One last rule, to be a most effective spinner always keep your friends close and your enemies closer. The kindness you show your enemies will reduce their propensity to be skeptical of you.

If you see some of the above similarities in people who are in authority such as executives, politicians, and others, you are forewarned to watch out. Before a person can be a white collar criminal, they must be deceitful and be able to follow most of the above rules of spinning.

Written by,

Sam E. Antar (former Crazy Eddie CFO and convicted felon)

I used to tell and write financial fairy tales as a white collar criminal.

Click the link above for that specific post or here for Mr. Antar's White Collar Fraud Blog it's self.

Pied Piper: You asked a question about what to do to protect yourself from possible identity theft. First, contact your bank and tell them you could possibly be the victim of identity theft. They will put a fraud watch on your bank account and ATM card. Then do the same for your credit card. You need to have these fraud watch on your accounts now. Your bank may want to give you a new bank account number and ATM card. The same thing may happen with your credit card company.

Not sure if the UK has credit reporting agencies, but if they do, contact each of them and also report you could be a victim of identity theft. They too will put a fraud watch on your account. That's the way it works here in the US. If your bank does not change your account or ATM Card, then if anyone tries to put through any transactions in your name, they will contact you to make sure it is you making the transaction. If not, then the charge will be declined or attempt to withdraw any monies from your checking account or use of your ATM.

If you do online banking, change your password, as well as for your credit cards. Also change your security questions. You want to make it as hard as possible for someone to try and use your cards, or access your bank accounts.

Usually it takes up to 3-4 months before anyone would try to become you, but I would not gamble it would take that long. Understand that BB will not be the ones who will try to steal your identity. The problem is if they sell your information to another party that will. You can also be assured that your information will be sold many times over if BB would sell their database information. I am not saying they will, but it is a possibility.

I would also change your E-mail address to a different username. Keep your current one but tell your friends and family of your new addy. This way you can control spam coming to your addy.

Hope this helped.

Originally Posted by Nourjan

Yes, if you scrolled down you would see Jack Whiteman (the admin of More Money Review,I believe) giving a negative review of BB.Suffice to say the shills and cheerleaders weren't happy with that.

Got it. Thanks. I see where Jack Whiteman stepped in and pointed out the red flags he saw.

I'm . It seems bannersbiz didn't like me exposing the "Canadian Corporate Office" of BB for everyone to see it for themselves.

MMG quite funny. These people are either crooks or about to feel like right mugs. Well done E1 on annoying them.

There are 2 ways that BB can give evidence that it is legitimate:-
1. Pay a big 4 accountancy firm to issue a report that the third party income is sufficient to run the business. This will cost £150k or so and would clearly be the best advert they could ever add.
2. Get one of the big original BBers to release copies of selected pages from their tax returns. In the UK if they have been in it since 2010 then the 10/11 tax return was filed by January at least. This will show the hundreds of thousands of pounds they earned right? Bearing in mind that in the uk tax is due on BB "income" even if left in the ewallet or rolled into other panels.

Poyol you know Mr Wild can you ask for his 2010 return? I am certain he would oblige

Quick update on my mate. He did go and do some further research (allegedly) - what he has found only confirms to him that BB is legitimate. What he hasn't done is show me the evidence which is probably only picking out the good bits. Don't think this particular mind is going to be changed sadly.

Have you asked him why he won't tell you what he found?

I shall. Not sure that this person would be willing anymore. I have to be careful I don't completely alienate him as we have been mates for a very long time :(

Its a tricky situation. People can get very defensive...even aggressive.

Imagine when the thing crashes and people have dragged their friends and family into it. Then we will really see relationships tested...

Originally Posted by AshKen1

I shall. Not sure that this person would be willing anymore. I have to be careful I don't completely alienate him as we have been mates for a very long time :(

Well the good news is that when this crashes, and it will crash, you will still be his friend and be there for him. Sometimes people just have to learn the hard way, and many times it is very costly.

Anyone hear anything from Mastercard lately? Surely they should have moved by now?

Originally Posted by EagleOne

Well, went to Google Earth to take a look at their corporate headquarters located at: 1019 Nelson Street, Oshawa, ON L1N 3V4. What a joke. This so-called multi-milllion dollar business is located in a non-descript 2-stroy brick building in front of some kind of repair store.

Hi EagleOne,

do you mean this place ... http://u.cubeupload.com/kNtoad/bbhq.jpg

I just put the address in google maps and took a screen shot.

Thats the one otoad. Impressive isn't it? Don't forget, its only the front section. The back is an auto repair shop. Wonder if they advertise with BB...

They seem to share the same premises as this company Media Trend Designs - Signs (Manufacturers) , Oshawa, Ontario - 905-448-0879 - L1H 7N9 | BNP

Do we have any Canadians that might like to give them a ring to ask if they have ever heard of BB?

Guys this is pretty disturbing. I looked at that Google Maps link of the BB Canada HQ...and moused around the back of the building.

Take a look. Another "Kul" sighting! I wonder if they know he is not tending the Panel Engine. He is going to be in big trouble, if they catch him.

kul_sighting.jpg

Originally Posted by samuel.r

Guys this is pretty disturbing. I looked at that Google Maps link of the BB Canada HQ...and moused around the back of the building.

Take a look. Another "Kul" sighting! I wonder if they know he is not tending the Panel Engine. He is going to be in big trouble, if they catch him.

kul_sighting.jpg

More likely sneaking out the back door with a nice big pile of victims cash

Originally Posted by otoad

Hi EagleOne,

do you mean this place ... http://u.cubeupload.com/kNtoad/bbhq.jpg

I just put the address in google maps and took a screen shot.

As previously stated, yes this is the one. The reason why I did not post a screenshot of the building at MMG was because the promoters would have claimed it wasn't their address and I just made up the location. By letting people follow my instructions, they could see it for themselves to know it was the real deal.

But I do appreciate others who could post the screenshot for all to see. As long as it did not come from me, people would accept it. I have heard it all and have been called it all many, many times. This is just how the game is played between promoters and us who expose these Ponzi's.

Excellent work, exposing this photo of BullshitBroker Towers. Is somebody able to upload this to the UK BB forum here?: Login ...There are some poor blind souls there that need to wake up and see this.

Originally Posted by otoad

Hi EagleOne,

do you mean this place ... http://u.cubeupload.com/kNtoad/bbhq.jpg

I just put the address in google maps and took a screen shot.

Originally Posted by EagleOne

Well, went to Google Earth to take a look at their corporate headquarters located at: 1019 Nelson Street, Oshawa, ON L1N 3V4. What a joke.

Decided to mosey on down Nelson Street, myself, and check out multi-million-dollar Banners Broker Canada's corporate command and control centre, manned by their 'global sales team'.

A joke office? Positively Gervaisian:





Googled a few of the other occupants of the block while I was there: Advance Systems, Crane Supply, Media Trend Designs, ProLegal Collection Services, New Image Care Care and Auto Detailing, Affordable Automotive, and Marley's Auto Service. And R&B Auto Service, who visibly take up about half the building.

Now here's another funny thing...

The eagle-eyed of you — you in particular Lynn, of course — will have detected that Raj Dixit has dropped a bit of a boo-boo. Yes, that's right: the 1019 Nelson St. occupants all have the same zip code of L1H 7N9... except Banners Broker. They have L1H 8A7, per their 'Contact Us' page.

So where is L1H 8A7?

It's an area along the adjoining Waterloo Street, where all these businesses reside.

But wait! Where did EagleOne get L1N 3V4, above, from?

Well, it looks like it was from a post by the man himself, Dixit, in which he ironically scolded a previous poster with the invective: "...get your facts straight". It's here on the Motley Fool forum.

And where, then, is the L1N 3V4 area?

About 15 minutes drive away... Stewart St., Whitby, where all these private citizens reside.

So WTF is going on, here?

Ha! Maybe Dixit's dyslexic?

But at least he's made a very astute choice of location: all those auto mechanics on hand when the wheels come off his BB scamwagon. If I'm not mistaken, one or two are already on the wobble.

Have we had any inside TalkingBB knowledge?
I know that Jamie Waters (jimmy2bob) disappeared from Twitter - scared?

It's nearly Christmas, I'm buying presents already ... surely people will start to try and withdraw their 'earnings' around about now.

Jason

People are trying to withdraw. This is from moremoneyreview.com. 6 weeks is the longest I have heard so far. BB is in serious trouble:

Mankei21 says:
October 17, 2012 at 12:00 pm
I have been with BB for around 7 months with a green package, doubled my money in the e-wallet so made a withdrawal still pending after 3 weeks, my friends was still pending after 6 weeks, submitted tickets and these just go to my partner, nobody from BB has replied. Tried the contact number, just get a voice mail even through they say the office is manned !! Like you say the money is just a number unless it becomes available to spend, so with me the jury is OUT at the moment. Also agree with the speed issue had a yellow that stated complete for two weeks but the balance did not show in my e wallet until the end of the two weeks. Would I recommend this to a friend, NO WAY and I had three lined up.

On another topic, are people expected to pay tax on their BB earnings?

Take for example:
http://www.learnhow2earn.net/wp-cont...mes-income.jpg

In this image it says he has 4036.50 available to liquidate(left column) but his total earnings are 44,998.82.
I know that different countries have to pay different rates of tax but lets take a conservative 20%

If your earnings are 44,998.82 would you have to pay tax of 8999.76?

If people continue to argue that the figure on the right is what they have earned the tax they would have to pay is double what they are earning. Of course this is assuming that these people have any intention of paying tax(which I doubt)

(sorry couldn't upload actually image, I grew up before the whole technology revolution!)

I was wondering if he gave any reasons on talkingBB/Adverts galore as to why he quit Twitter. He had over 5000 followers.

Originally Posted by noname999

People are trying to withdraw. This is from moremoneyreview.com. 6 weeks is the longest I have heard so far. BB is in serious trouble:

Mankei21 says:
October 17, 2012 at 12:00 pm
I have been with BB for around 7 months with a green package, doubled my money in the e-wallet so made a withdrawal still pending after 3 weeks, my friends was still pending after 6 weeks, submitted tickets and these just go to my partner, nobody from BB has replied. Tried the contact number, just get a voice mail even through they say the office is manned !! Like you say the money is just a number unless it becomes available to spend, so with me the jury is OUT at the moment. Also agree with the speed issue had a yellow that stated complete for two weeks but the balance did not show in my e wallet until the end of the two weeks. Would I recommend this to a friend, NO WAY and I had three lined up.

On another topic, are people expected to pay tax on their BB earnings?

Take for example:
http://www.learnhow2earn.net/wp-cont...mes-income.jpg

In this image it says he has 4036.50 available to liquidate(left column) but his total earnings are 44,998.82.
I know that different countries have to pay different rates of tax but lets take a conservative 20%

If your earnings are 44,998.82 would you have to pay tax of 8999.76?

If people continue to argue that the figure on the right is what they have earned the tax they would have to pay is double what they are earning. Of course this is assuming that these people have any intention of paying tax(which I doubt)

(sorry couldn't upload actually image, I grew up before the whole technology revolution!)

Here ya go:

https://www.google.co.uk/search?q=ba...hrome&ie=UTF-8

We're on the first page for 'Banners Broker Scam'.

Jason