Della, we know it's not true because it doesn't make any sense! Who in the name of jaysus would tell a prospective employer that unless they were going to pay their shareholders, that they didn't want to be paid? It can not be true, this confession alone confirms what we all know, BB aren't paying people and it is now their biggest PR issue. Joining a company with this stance, knowing it is impossible to qualify says one of two things. Either Terry doesn't need a job or Terry desperately needs a job, if it were believable, these would be the facts.
As for the second crock of.... , for one second could anyone believe that an individual was taking pics of ones kids and that the full force of the law would not be investigating this to the nth degree! having his kids photographed comes in at an astounding number 3 on the list of gripes, having had to change his phone number first! If true, firstly, what evidence does he / the writer show that it would have any connection to the forums? None. Again, like BB itself, if it sounds too fantastic, well , I guess it is. You have to question the mentality and level of desperation to throw this kind of stuff into the mix.
In a nutshell, he won't take money if the affiliates aren't being paid, but happy to continue in his employment whilst him and his family (?) are under apparent siege and having signed away his guarantee of even being paid. At the risk of repeating myself, if it sounds too good etc..............
Reminds me of the old car salesman trick of making the customer believe that they, the salesman, are your best buddy and it's the big, bad manager that is preventing you getting a decent trade-in/discount, but they'll go and see if what you can do for you, even if it means that they risk losing their commission/job.
Let's just pretend for one moment everything Mr stern is claiming is in fact true and there's an unknown person or persons taking pix of his children, ringing him at all hours of the day and night and his home is being "watched"
Would you:
a) suspect posters on an anti scam forum
or
b) suspect some of the victims of the HYIP ponzi fraud with which Mr Stern has forever associated himself ??
We are not simply talking about a few "good ol' boys" running a harmless gambling game here.
We are talking about an online HYIP ponzi fraud which claims to have upward of 100,000 "members" and which has had multiple millions of dollars pass through it's accounts.
We are talking about a HYIP ponzi fraud in which upward of 80% of said "members" are statistically going to be net losers.
We are talking about a HYIP ponzi arena which, by it's very nature, attracts the sort of people to whom a "DDoS" attack is a "normal" occurrence and who wouldn't think twice about exacting the sort of retribution Mr Stern claims is happening.
We are talking about a person who willingly and deliberately associated HIMSELF and his family with a highly visible criminal operation AND continued/s to defend it's legitimacy in the face of undeniable evidence to the contrary.
"IF", and I do mean "IF" said activity is taking place, I find it very hard to muster any sympathy for Mr Stern and/or the others behind Banners Broker.
The families are innocent bystanders who don't deserve to be dragged into this, and, while I can't imagine anyone on REALSCAM.com condoning the sort of alleged revenge being taken against anyone, perhaps Mr Stern and Co need to remember the old adage:
"If you lie down with dogs, you're gonna get up with fleas"
The only thing necessary for the triumph of evil is for good men to do nothing
If and I mean if, such activity is taking place all Terry/David need do is pick one of the two following options...
1) Phone the police and report suspicious activity/harassment.
2) Go online and complain vociferously, move house. Do not contact police.
If he's a law-abiding citizen he'll know which option to pick.
So true..even worst..the logic is complitely out..even after realizing the scam is scam led by criminals,the hope does not leave them at all...while saying that scam is scam and saying that scammers are criminals,this people will still speak as it is still real business and will have hope - and this is huge - that somehow criminals could turn to be good guys ,could realize they did bad things and start pay them as a good guys do ...probably that's why all this scams survive so long even after collapsing by all indicators...a funny world with tragic consequences
The Court website is today still showing the case as 'Pending'.
Goa.jpg
Q & A with Terry Stern - Q&A with Terry Stern
Banners Broker busted in India - Investment firm accused of duping investors
Spread it on Facebook - Banners Broker Ponzi Scam
Does anyone with any knowledge of the Indian legal system have any ideas as to when the case will come up? I can't believe that the Indian authorities are so on the ball whereas the UK and other authorities are doing very little. Shame on us all really. I was hoping for an arrest in Manchester at least.
My first post...
Great thread and i have been using it to keep tabs on the scam. Cork was the centre of some Irish scams and i knew some of the fodder from the last scheme so i was concerned that this might kick off in a similar vein but it looks like sites like this have kept it at a relatively low level thus far.
I may not become a regular contributor but im sure there are many others like me using this for all developments and disclosures so thanks too all.
I quoted this Beacon chap as he seems to enjoy taking the story off topic and it is a pity as most of the content is knowledgeable, informative, erudite and to the point and it's a pity that the newb throws it off course. *p.s. Beacon, im not engaging in a slagging contest so any response will be unanswered*
Welcome to real scam. Your comments on Banners Broker are appreciated if and when you supply any information about them.
1. You did NOT quote me as the above was by your admission your FIRST post. It contains no quote from me or attributed to me. Please get your facts straight.
2. I did not personally attack anyone at any stage. I pointed out that if one claims things like " there is no such thing as wrong and right ..it all depends on the personal point of view" then one can justify anything at all! ANYTHING. Whether that is Banners Broker is a fair business or the Holocaust never happened. that is NOT off topic. It is how one can move from the general argument to a particular example but how one can not make a particular point and generalise it as if it were true in all cases.
3. I am not a "newb". If you look under my name you will NOT see "junior member".
If you look at how may "likes" I have had you might well see that your perception that I am a "noob" is incorrect.
How much of this thread have you actually read? When you refer to scams in "Cork" to whom/what do you specifically refer and when did it occur?
Now listing "disposed"bento disposed.jpg
On the other issue7. The investigating officer has expressed a reasonable
apprehension that the applicant who is foreign national might not
be available for investigation or trial if the accounts are defreezed.
The possibility of the amount being not available for settlement of
the claims of the innocent investors also cannot be ruled out. The
offence is on economic offence involving a huge sum of money.
Therefore, in my view, request for defreezing of the accounts
cannot be granted at this stage.
9. Since the applicant has sought permission to travel
abroad, the office premises shall be released from attachment only
upon her return to Goa so as to ensure that she returns to Goa and
makes herself available for investigation.
10. Hence, the application is partly granted. The office
premises of the accused company, Banners Broker India Ltd at
59/60, Block B, 2nd floor, Alfran Plaza, Panaji, shall be released
from attachment only after the applicant returns to Goa from
abroad and reports to the Investigating Officer on 05/03/2013.
This is an application for permission to travel abroad
for a period of two weeks and to direct the investigating officer to
return the passport of the applicant.
...
5. Learned Advocate for the applicant has submitted that
the complainant is the actual culprit and the applicant has not
committed any offence as she became the Managing Director of the
Company only in the month of May 2012. He has submitted that
the applicant has to attend a Conference at Manchester relating to
her business and that the applicant is ready to disclose her address
and contact details to the investigating officer. He has also
submitted that the applicant’s husband and daughter reside in Goa
and therefore, there are no chances of her absconding. He has
prayed that the applicant be allowed to travel abroad for a period
of two weeks in order to attend the conference at Manchester and
to make some arrangements at Portugal.
6. Learned APP and the Investigating Officer have
contended that the applicant is a foreign national and there is
every possibility that once she is permitted to travel abroad, she
might not return to India and thereby the investigation and the
trial will be hampered.
4
7. The applicant is admittedly a Portuguese National and
presently, the Managing Director of the accused company, Banners
Brokers India Ltd. The applicant has placed on record letter dated
03/02/2013 which reveals that the Head Office of the accused
company is hosting a Conference in Manchester, England from
22/02/2013 to 24/02/2013 and the applicant’s presence at the
Conference is required to report on the status of the company
Banners Brokers India Ltd regarding sales, activity and current
issues.
8. The applicant has stated that she wants to first travel
to Portugal to arrange for the Conference, then to Manchester to
attend the Conference and thereafter again to Portugal to make
family arrangements and then to India. The applicant has
undertaken to furnish her visit details to the Investigating Officer
along with her whereabouts from time to time.
9. In my view, considering the reasons disclosed by the
applicant for her travel to Portugal and England, the permission as
sought can be granted on conditions. As regards the apprehension
of the respondents that the applicant being a foreign national may
abscond, it may be noted here that the request for defreezing of
5
accounts of the applicant and the company has been rejected.
Since the accounts of the applicant and the accused company are
freezed, there is no likelihood of the applicant absconding. Further,
this Court has granted the applicant’s request to release the office
premises on condition that the same shall be released only after
the applicant returns to Goa and reports to the investigating officer
on 05/03/2013. Further, if security is taken from the applicant, the
same will ensure her return to Goa.
10. Hence, the application is granted. The applicant is
permitted to travel abroad i.e. to Portugal, then to Manchester,
England and then again to Portugal for a period of two weeks from
the date of this order on the following conditions:-
a) The applicant shall deposit an amount of Rupees Two Lakhs in
this Court as security for her return to Goa.
b) The applicant shall furnish her address, contact details and
whereabouts to the investigating officer and also inform the
investigating officer about any change in the same,
c) The applicant shall return to Goa within the period of two weeks
and shall report to the investigating officer on 05/03/2013 at 10:00
a.m.
6
d) The office premises of the accused company shall be released
from attachment only after the applicant returns to Goa and
reports to the investigating officer on 05/03/2013.
11. The investigating officer shall return the passport to the
applicant to enable her to travel abroad as stated hereinabove. The
applicant on her return to Goa shall deposit her passport with the
investigating officer.
Pronounced in the Open Court.
(Ms.Dvijple V. Patkar)
Judicial Magistrate First
I'm not aware Bento appeared in Manchester. Does anyone have any evidence that she did?
I would think the lawyer in India should be aware that the legal basis for her release was based on her being MD India since May 2012 but the UK "head office" company only existed after or around the time of her arrest. In fact no evidence of the Bone fides of any Banners Broker company was produced. This is a line that can now be pursued since the/her assets are currently frozen in India.
Last edited by Beacon; 02-28-2013 at 09:46 AM. Reason: spelling
Ah yes, so it is under Case Status'Civil and Criminal Courts', I was still looking at the original one in 'District and Sessions Court'.
Q & A with Terry Stern - Q&A with Terry Stern
Banners Broker busted in India - Investment firm accused of duping investors
Spread it on Facebook - Banners Broker Ponzi Scam
nice find Beacon! Clarifies the situation, so complete lies again from BB!
This is the 'final order'. Doesn't sound like the case is over just yet! She gets the office back when she returns, but the investigation still goes on.
Q & A with Terry Stern - Q&A with Terry Stern
Banners Broker busted in India - Investment firm accused of duping investors
Spread it on Facebook - Banners Broker Ponzi Scam
does someone want to tell him or should I
WELCOME TO BANNERS BROKER INDIA. A NEW WAY TO EARN REVENUE ONLINE
note the dates
Should anyone want to get in touch with them about the case it lists
1. S T A T E
(Through P.I. attached to
CID, Economic Wing,
Panaji, Goa)
2. The Asst. Public Prosecutor,
attached to the JMFC Court,
Panaji-Goa. … Respondents
Respondents represented by Learned APP. Ms. J. Santamaria at the
time of arguments.
She has been working as a public prosecutor since 2003 I reckon
http://www.goaprintingpress.gov.in/d...-10-SII-OG.pdf
Appointment Number 27 on the second page backdated from 2012 to 2003
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