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11-29-2012, 10:45 AM
#2601
Re: Banners Broker HYIP ponzi scam
Originally Posted by
hendyphilhendy
I think, and this may be my mis-understanding, this is what the system is in theory supposed to do:
A panel represents and element of allowable impressions on a site
Therefore my yellow panel represents say 5,000 impression.
I would get 5,000 turns on that (or any other) website when a browser link is refreshed on a rotation with everyone else that has a panel
That makes it sound like a timeshare
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11-29-2012, 10:46 AM
#2602
Re: Banners Broker HYIP ponzi scam
Originally Posted by
Theseus
Put it another way, how many panels does the average BB member own? Is it as low as 5, or is it in the hundreds or thousands?
When I first invested I received around 3 (I think) hard to remember.
I then bought another two.
An average member has hundreds of panels.
Jason
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11-29-2012, 10:51 AM
#2603
Re: Banners Broker HYIP ponzi scam
Originally Posted by
Poyol
When I first invested I received around 3 (I think) hard to remember.
I then bought another two.
An average member has hundreds of panels.
Jason
Ok, lets say it averages at 200 per member. That's 40,000,000 panels on 2000 websites, which is 20,000 banner ads on each and every site....
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11-29-2012, 11:00 AM
#2604
Re: Banners Broker HYIP ponzi scam
I think it was designed to be impossible to understand. Even the head of the Irish branch was unable to describe it. I think you could transpose "understand" with "see through".
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11-29-2012, 11:00 AM
#2605
Re: Banners Broker HYIP ponzi scam
Originally Posted by
sandyfam
Ummn, both Jason and Phil have made their names and addresses freely available on this very forum
In fact, Jason even invited help from readers when deciding a name for his new venture.
So, Epic fail, Sherlock
The only thing necessary for the triumph of evil is for good men to do nothing
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11-29-2012, 11:11 AM
#2606
Re: Banners Broker HYIP ponzi scam
Originally Posted by
Jerrygo
I think it was designed to be impossible to understand. Even the head of the Irish branch was unable to describe it. I think you could transpose "understand" with "see through".
What that demonstrated was a lack of the ability to think on his feet, he could have just come out with any old BS as long as it sounded convincing, rather than humming and hawing like that. The whole point of being a confidence trickster is to inspire confidence in your victims, McCarthy couldn't sell me a genuine 10 euro note for 5 euros....
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11-29-2012, 11:17 AM
#2607
Re: Banners Broker HYIP ponzi scam
Originally Posted by
Joe_Shmoe
Maybe, maybe not but Zeek Rewards was gone none the less.
Finally, after he helped prolong it. Sorry. I don't give credit to people who are self proclaimed experts and suck people into scams because they are getting kick backs.
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11-29-2012, 11:34 AM
#2608
Re: Banners Broker HYIP ponzi scam
Firstly - my first post
Secondly - i am a member of Banners Broker.
I think the main problem is that people do not know how it all works.
Here is how it works simply put
1. Someone signs up and BB use the money placed, to pool and use to purchase advertising impressions at auction which they then resell at a profit and share the profit with the affiliates.
hendyphilhendy was correct it not actually panels on a website it's impressions you buy.
2. The reason you will not finds ads placed on the internet is because they are placed the "blind" ad network (Advertising network - Wikipedia, the free encyclopedia) perfectly legit and normal and this is run by a third party
It takes an awful lot of money to purchase the impressions thats why they decided to go the affiliate way - and profit share.
I believe it is not a ponzi - as revenue is generated via buying and selling the impressions - you do not have to sign up anyone under you to earn money - not a pyramid scheme
I'll check back here in a couple of hours - i expect to be hammered down ( be gentle - i'm female)
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11-29-2012, 11:50 AM
#2609
Re: Banners Broker HYIP ponzi scam
Some more maths Banners Broker say they pay out $1,000,000 per day to their 200,000 affiliates that's $5 each per day or $35 per month or $1825 before tax ;) =£1,137 put a third aside to pay the tax man you are left with about £758
So between all the costs associated with getting the money in about 5% with Allied wallet I believe, getting the money out, the cost of the Mastercard getting the various documents notarized, the fees charged by Mastercard (just been increased), monthly charges, subscriptions & traffic packs it don't leave much Profit does it?
And even if my maths are out, the top man in Ireland Paul McCarthy himself said "the average Banners Broker affiliate earns $35 per month.
It hardly seem worth the effort does it?
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11-29-2012, 11:59 AM
#2610
Re: Banners Broker HYIP ponzi scam
Excellent professional opinion of yesterday's Liveline radio show in blog post by Dave Tinneny, Affiliate Manager at TUG Ltd, a London-based 'Creative Search Marketing Agency'
http://www.tugagency.com/blog/2012/1...ions-intensify
"There's a sucker born every minute"... which wouldn't be so bad if there wasn't a sociopath to exploit them born every hour.
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11-29-2012, 12:01 PM
#2611
Re: Banners Broker HYIP ponzi scam
Originally Posted by
Theseus
What that demonstrated was a lack of the ability to think on his feet, he could have just come out with any old BS as long as it sounded convincing, rather than humming and hawing like that. The whole point of being a confidence trickster is to inspire confidence in your victims, McCarthy couldn't sell me a genuine 10 euro note for 5 euros....
As he had fear to say something wrong...he knows it's a ponzi...he knows he must hide the truth...he knows wrong word or even words could leave his mouth...and jet suddenly he has this opportunity to say urbi et orbi how great and clean the business is...I think this all together was to much for him......I never heard a manager so confused,nervous while stammering as being at military court...poor guy..I bet he was beging the God the interview terminate as soon as possible
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11-29-2012, 12:11 PM
#2612
Re: Banners Broker HYIP ponzi scam
Originally Posted by
Joe_Shmoe
Some more maths Banners Broker say they pay out $1,000,000 per day to their 200,000 affiliates that's $5 each per day or $35 per month or $1825 before tax ;) =£1,137 put a third aside to pay the tax man you are left with about £758
So between all the costs associated with getting the money in about 5% with Allied wallet I believe, getting the money out, the cost of the Mastercard getting the various documents notarized, the fees charged by Mastercard (just been increased), monthly charges, subscriptions & traffic packs it don't leave much Profit does it?
And even if my maths are out, the top man in Ireland Paul McCarthy himself said "the average Banners Broker affiliate earns $35 per month.
It hardly seem worth the effort does it?
Add into the equation that many claimed to have made 5 or 6 figure profits in the last year and someone, somewhere must be losing, and losing heavily for the sums to come out anywhere near correct.
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11-29-2012, 12:18 PM
#2613
Re: Banners Broker HYIP ponzi scam
Originally Posted by
Jerrygo
I think it was designed to be impossible to understand.
You couldn't be more correct.
In fact, what a good fraudster does is create a self limiting story
"Self limiting" in the sense the story is so complex and unbelievable, it eliminates all but the very best "victims" without the fraudster having to lift a finger after writing the story.
Nigerian scammers and HYIP ponzi owners don't WANT people to apply logic.
They don't WANT non believers.
What they want to do is put their spiel in front of enough people so that when the story does their work for them and drives off "sensible' people, they know that they're left with "soft targets"
Their victims have "pre qualified" themselves by virtue of the fact they believed any of the story in the first place.
The only thing necessary for the triumph of evil is for good men to do nothing
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11-29-2012, 12:34 PM
#2614
Re: Banners Broker HYIP ponzi scam
And quite nice disgrace he couldn't avoid....many times he was asked about INVESTMENTS in BB but he didn't have the balls to strike this missile
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11-29-2012, 01:23 PM
#2615
Re: Banners Broker HYIP ponzi scam
Originally Posted by
BalancedView
Yes. Did. 6 months. No recruits. Spare cash. Withdrawing money weekly. Initial inv covered. Wondering what all the fuss is about. We're all over18, arent we?
BalancedView awaits your response. Be objective.
Would you be kind enough to humour me a little by answering these next questions?
You said 6 months in terms of membership: Does that mean you have been a member for 6 months? Or that you were a member 6 months ago? Are you still a member now?
How are you able to withdraw money on weekly basis?
Thanking you in anticipation.
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11-29-2012, 02:32 PM
#2616
Re: Banners Broker HYIP ponzi scam
In every single online advertising company, it is illegal so send fake traffic/hits to your ads in order to increase your income.... Does traffic packs mean anything to anyone?
Banners broker business is based around buying traffic packs for your ads, its ridiculous how flawed their supposed business model is.
When are people going to realise, its not that easy to make money.
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11-29-2012, 03:21 PM
#2617
Re: Banners Broker HYIP ponzi scam
Hello all thread members.
My name is Dainius and I am from Lithuania.
Let me share my story with you.
I have been introduced to BB by my aunt. She has been working in FM perfume for a long long time, probably nearly from the inception of the company. FM is a MLM pyramid scheme, but as she has been there from the start, she has reached a point where she gets paid to the tune of 15 000 $ a month. This is some background info for you to make an opinion of her. So anyway, she has sucked my mom into this BB thing.
My mom has told me about it and i've decided to try it also. I have been introduced to my 'sponsor' who is a friend of my aunt's. He was wery helpful, provided me with the information (i could provide you with introductionary 'booklets' they provide), answered all my questions and so on...
I have made some calculations based on the info he has given me and the greed won over me. I have invested 300 $ into it. This includes all monthly fees and panel prices. I've hooked few of my friends to the system aswell. Having a bit of doubt i've decided to first work out all the kinks of the system and only after that fully approve BB to them (I wouldn't want to lose my friends for some shitty scam).
So everything was well until i've started doing some research (i know it was a dumb thing not to do research at first, but you know how it is when you get flooded by greed). The thing that has caught my eye the most was the fact that in the introductionary booklet it is stated that you dont need to invite anyone to be successful at this "business", thus implying that it is not a ponzi. After doing the math i've got to conclusion that this is simply not the case. After confronting my sponsor about this he got defensive and simply explained that it's just the way it is.
Seeing this 'business' in new light I've decided to do a google search "Banners Broker scam". My fears were confirmed. I've approached my sponsor with the information i've uncovered about the fact that there is no actual product that BB claims to be selling. Guess what his explanation was – BB uses blind network. Simple as that.
Since then i've stopped paying any kind of fees BB has charged me. I've hoarded all available panels and transfered them to my mom. I've explained the situation to her and we agreed that the best way to get out of this **** without getting dirty is to sell the panels back to the people who invited us into it in the first place. To keep their 'honor' they'd have to accept that. We will see how that goes in few weeks time.
The BB is clearly a scam and people who come to your forum to defend BB are fooled by somewhat authoritative figure to join the system. They either do not understand how this works at all (being fooled by the "your money doubles" talk) or work it out for themselves and then are ashamed to admit it. Other type of people are like my aunt and my sponsor, her friend – they are people without morals, because they know exactly how this system works and have no qualms to "steal" money even from relatives. Well this isnt technically stealing, but it is amoral nonetheless in my eyes to lure your own family and friends into this scam whilst knowing what it is.
Everybody have a nice day,
Dainius
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11-29-2012, 03:37 PM
#2618
Re: Banners Broker HYIP ponzi scam
@Dainius
Hello and welcome to realscam.com. Thank you for sharing your story.
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11-29-2012, 04:06 PM
#2619
Re: Banners Broker HYIP ponzi scam
Hi Dainius. Can I ask you, are there many people involved in BB in your locality?
"if they are giving the Banners Broker Mastercard,Banners Broker must be a real company." -BB member.
"A toyota means 1 thing. Extrenal revenue. That is proof."-BB member
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11-29-2012, 04:25 PM
#2620
Re: Banners Broker HYIP ponzi scam
Banners Broker have gone mainstreem in Ireland. National radio & national newspaper.
The wheels of justice move so slow. The NCA in Ireland must have 100's of complaints but they still are going round to hotels every week for the last 6 months.
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11-29-2012, 04:35 PM
#2621
Re: Banners Broker HYIP ponzi scam
Originally Posted by
Euroskeptic
Banners Broker have gone mainstreem in Ireland. National radio & national newspaper.
The wheels of justice move so slow. The NCA in Ireland must have 100's of complaints but they still are going round to hotels every week for the last 6 months.
The state of the irish economy is so bad right now, the NCA just doesn't have the money to go after these guys. I have no doubt that behind closed doors, they consider this to be a canadian issue and want them to do the necessary.
I feel sorry for those who have been tricked, but anyone who decides to invest in BB after hearing that interview yesterday deserves every thing they get. People have to take responsibility for their actions.
"if they are giving the Banners Broker Mastercard,Banners Broker must be a real company." -BB member.
"A toyota means 1 thing. Extrenal revenue. That is proof."-BB member
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11-29-2012, 05:20 PM
#2622
Re: Banners Broker HYIP ponzi scam
Just sayin' ....
There are currently 138 users browsing this thread. (11 members and 127 guests)
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11-29-2012, 06:03 PM
#2623
Re: Banners Broker HYIP ponzi scam
Dainius, thanks for sharing your story. An all too common tale lately.
sadly, few people come here to defend BB as affiliates are not allowed to talk about it in public.
I look forward to hear the outcome of your case.
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11-29-2012, 06:52 PM
#2624
Re: Banners Broker HYIP ponzi scam
The more I think on it, the more I realise that the vast majority of people in bb are not fools or greedy or shills or criminals. Just the top tier. Most are just ordinary decent people, who joined for all sorts of different reasons.
there are always 8 to 10 times as many guests on here than members. I think a couple of them will be bb employees or evangelists keeping their eye on us. Some will be people who are doing research having been asked to join bb. But I really think that many of the guests are members of bb, watching and dreading the next revelation. Realising now that is a ponzi, Hoping that they get at least their original money out before it collapses.
Some may be locked out of their accounts, or cant make any withdrawal. And afraid to speak in the fear of being banned and losing everything. The bosses managers and recruiters of this shambles have a lot to answer for.
Thanks Dainius, for sharing your story
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11-29-2012, 07:18 PM
#2625
Re: Banners Broker HYIP ponzi scam
Originally Posted by
Jerrygo
The more I think on it, the more I realise that the vast majority of people in bb are not fools or greedy or shills or criminals.
That's something worth repeating, Jerrygo.
It would be my estimation your "vast majority" would equate to more than 90% of the remaining Banners Broker members.
In fact, the recently released Microsoft white paper makes the point when discussing why Nigerian scam emails which appear to be ludicrous to some work well on others.
IM(very)HO the same principles could easily be applied to HYIP ponzis and their victims.
Microsoft's Research Scientists Finally Solved Why Scammers Say They're From Nigeria
Matt Lynley | Jun. 20, 2012, 9:12 AM | 27,669 |
28
Scam emails usually have two things in common: they're comically bad, and they're from a Nigerian prince. You might think that's a silly strategy, but it turns out it's not.
Microsoft
released a new white paper from its research division this month that explains why scammers use such a "terrible" approach.
It turns out it's a method for sifting out "false positives," — basically finding only the most gullible people so the scammer doesn't waste any time exchanging with a mark that isn't going to result in a payout.
You can
read the full paper on its research site — which uses complex mathematical modeling techniques to sift out the false positive rate. But here's the most important part from the abstract:
Far-fetched tales of West African riches strike most as comical. Our analysis suggests that is an advantage to the attacker, not a disadvantage. Since his attack has a low density of victims the Nigerian scammer has an over-riding need to reduce false positives. By sending an email that repels all but the most gullible the scammer gets the most promising marks to self-select, and tilts the true to false positive ratio in his favor.
The only thing necessary for the triumph of evil is for good men to do nothing
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