Thread: Banners Broker HYIP ponzi scam

I invest in a new pair of boots about every three years.
Better write a letter to the FSA grovelling now!

Originally Posted by Poyol

I invest in a new pair of boots about every three years.
Better write a letter to the FSA grovelling now!

Hahahah! A new pair of boots is not quite the same investment, but I'm always happy to be corrected ;)

I suspect that BB would fall foul of the Financial Services Authority in UK (and other similar authorities in other countries) if they used the "i" word as they would then be dealing with a financial product and so be regulated by FSA etc. (I am sure there are others on here who probably know much more than I do about this) For example, when you hear anything to do with money adverts on the radio in the UK there is the huge warning "the value of investments may go up and down". As far as I can see there is no evidence that BB can demonstrate that their claims are valid. It is word of mouth etc that you can (cough) "double" your money. Ooops did I use a banned word by writing it down?

Certainly, BB would be quickly nailed as a scam etc which is why they are hiding in the shadows with their dire threats of expulsion etc if you use the "i" word. No reputable company would behave in the way that they appear to have done by locking accounts, insisting on perpetual charges being levied, delaying payments etc.

Sorry if you know all this. I don't think it does any harm to remind readers of what proper financial stuff is about so you can ask yourself that question: is BB really all it is cracked up to be.