Thread: Banners Broker HYIP ponzi scam

I see d4n has kindly uploaded the article on MMG as well. Not one response. Do they realise its not worth defending anymore...or are they waiting for orders?

I think since the reporters started investigating them, and publishing their findings. What could they say to defend it? These were not anonymous forum posters that they could denigrate. These were award winning jornalists. With a huge track record of exposing criminals. The sunday world in particular today, with a readership of 500,000 adults did not pull any punches. The article really exposed bb for what it is. What defense could bb have against these established journalists verdict on them? None.

Originally Posted by Jerrygo

I think since the reporters started investigating them, and publishing their findings. What could they say to defend it? These were not anonymous forum posters that they could denigrate. These were award winning jornalists. With a huge track record of exposing criminals. The sunday world in particular today, with a readership of 500,000 adults did not pull any punches. The article really exposed bb for what it is. What defense could bb have against these established journalists verdict on them? None.

That hasn't stopped them when the SEC or an AG issued a cease and desist order. The pimps and shills still will try to suck one last dollar out of anybody they can.

Information is the best defense against these fraudsters. I think many people have been saved from their clutches by coming across this site and seeing some of the research and warnings on here. Also much information has been passed on to authorities, media etc. Anything that anyone can do to help stop them, should be done.

Originally Posted by DevaEboracum

On a seperate matter, if BB is such an obvious scam, why aren't the UK authorities all over Ian Driscol?

Hiya and welcome to REALSCAM.com DevaEboracum,

To answer your question:

1) in the grand scheme of things, Banners Broker is a relatively small HYIP ponzi in a world in which there are probably tens of thousands of similar "schemes"
The "usual suspect" HYIP ponzi forums alone would have over 1000 HYIPs at any given time in their "currently active" threads.

2) The U.K. authorities are notoriously slow in responding to complaints about HYIP ponzi fraud/s

3) Chasing down offshore based HYIP ponzis is horrendously expensive and totally non cost effective especially those based in non co-operative offshore locations.

4) Based on history, any investigation of even a medium or small HYIP ponzi can upward of 18 months from inception until enough evidence is gathered to force an emergency civil action. What are the chances, would you say, of Banners Broker being around for another 18 months ??
Based on the evidence at hand, the recent action against Zeek Rewards, for example, took at least 12 months from the first complaints being received. And that was against a company whose location and organizers were known AND it was in the U.S.A. where the laws are a great deal tougher.

5) In Banners Broke case, who really knows who is behind it ??? Who really knows their location ??
If, as is often the case, the fraud originates in Eastern Europe, then what ??? There are no extradition treaties. The authorities in Eastern Europe are notoriously reluctant to become involved is such enquiries, ESPECIALLY in such small cases.

6) Similarly. If the authorities moved against easy to find participants such as our mate Iain, then what ?? There's not going to be the opportunity for massive "clawbacks" Banners Broker has cleverly let relatively low level fraudsters make themselves the public face of the fraud.
Rest assured, the "Iains" of the world will play the "I'm as much of a victim as anyone else" card.

7) IM(very)HO, Banners Broker will simply fade away. There will be no opportunity for the appointment of a receiver. There will be no "clawbacks"
Based on my observation of similar HYIP ponzi frauds, in the unlikely event there legal action is taken against promoters, it is likely to be in the form of civil, not criminal action and the penalties are likely to be minimal.

8) IM(very)HO, the only possibilty of recourse against "uplines" or "promoters" will come via civil action by individuals, which, based on history, is highly unlikely to eventuate. Fraudsters know only too well, most victims are too embarrased to admit they have been stung, don't want to spend any more money and would prefer to simply swallow their losses.

Originally Posted by Jerrygo

Looks like a dodgy used car salesman. Just missing the gold medallion round the neck. BB seems to attract these scammer types like a magnet.

No medallion, but he does have his equally tacky BB ring....

Simon-Stepsys-300x224.jpg

I somehow ended up on an Israeli BB stooge's email list, received this today (translated from Hebrew, hence the linguistics):

We brought in an expert to teach you to make money Bbanrs Broker!
David Moore! Partners Bbanrs veteran broker and manager of one of the largest organizations in the country, came to teach you the things that publishers do not want you to know that old.
He will teach you the tricks, strategies, business analysis, with the latest practices and things H"ktnim "shattering your business.

I wonder who David Moore is. A quick search hasn't brought up anything obvious.

lol a dellboy wannabe

DevaEboracum. Keep your money, in your pocket.
I really think that article is a real warning to the caliber of their "business". Anyone who has read that and still puts their hard earned cash in it deserves to lose every penny.
Here it is for anyone who has not read it.
http://www.realscam.com/attachments/...yworldmain.jpg

A shameless yet tellingly frank admission by a Ponzi 'player' in a new post on Finchy's blog:

Hello guys, very interesting views right through. I come from an online investment background with HYIPs [High Yield Investment Programs], the underground segment that offers anything between 0.5% to 10% profits in a day...

...the fact is, there’s tons of money to be made here if you play it right. No point getting in speeches about conscience and other stuff. Google it and you’ll discover a thriving “industry” with umpteen forums, blogs, fb and twitter groups. Most HYIPs are simple invest and withdraw deals. But a different segment called “Hybrid” plans have emerged and though you won’t find them listed in any HYIP monitors, they’re basically HYIPs offering lesser profits and thus longer sustainability. Perfect examples of these are the almost dead JustBeenPaid/ProfitClicking program [a legend in HYIP circles for lasting more than 2 years], the now shaky BannersBrokers [payments have now begun getting delayed]...

...So I’d say it’s not about the question of pondering over the legal/illegal question, or dissecting how practical/sustainable/probable XYZ’s biz is…the question is about investing and withdrawing at the correct time and making the most of an opportunity while it lasts. Period.

Even if BannersBrokers “scams” today, it would still be listed as a great program coz it paid so many for so long. Not a good idea to invest with them right now though as the forums are full of complaining investors.

I looked at the link which SBM supplied and I was struck by the picture of the woman who is supposedly a coach. Is somebody trying to infer that Joanna Lumley is a coach fror this program?

Genuine Joanne Lumley pictures.

BB coach with (fake?) Joanna Lumley.


Some of you may wish to contact Joanna Lumley and point ous the misuse of her picture or a deliberate attempt to place a look alike to further a scam.

Originally Posted by path2prosperity

I looked at the link which SBM supplied and I was struck by the picture of the woman who is supposedly a coach. Is somebody trying to infer that Joanna Lumley is a coach fror this program?

Genuine Joanne Lumley pictures.

BB coach with (fake?) Joanna Lumley.


Some of you may wish to contact Joanna Lumley and point ous the misuse of her picture or a deliberate attempt to place a look alike to further a scam.

It's not Lumley, that's a generic istock-type photo that's all over the web.

Originally Posted by Theseus

It's not Lumley, that's a generic istock-type photo that's all over the web.

Thanks for that information "theseus." I must have glanced at it before but it is the first time that I had stopped to read a page with the picture on it.

Originally Posted by path2prosperity

Thanks for that information "theseus." I must have glanced at it before but it is the first time that I had stopped to read a page with the picture on it.

I'll bet the model does a good line as a JL lookalike though. Shame Roland Rat is no longer popular, Mr Stepsys could pursue a similar career path...

Uh Oh,

Todays' date: 03/12/2012

Last Banners' Broker post on Talkgold HYIP ponzi forum: 01/12/2012.

Multi million dollar advertising program, my a**

Originally Posted by otoad

Iain,
with claims that Banners Broker use Clicksor you would expect some correlation of the Alexa statistics, wouldn't you?

Banners Broker's most traffic is from Russia (23.5%)

The Russian traffic for Clicksor is only 0.6%

Does anything about this smell bad?

No Toad. Every website with reasonable amounts of traffic will have a high % of hits from Russia. Most of them will be spammers or bots. Aside from that where traffic to the BB site comes from has no connection to where Ads are placed.

Any affiliates care to comment on the article in yesterdays Sunday World?

@Iainsherriff: Care to comment on the Sunday World article?

Liveline going to be covering it in one hour's time.

Yes. But only a small section of the show is set aside for bb discussion.

Mouse Traps being laid all over the place. Left and right. For bb cheerleaders. C'mon Mr Smith, go on the show again and give us a good laugh.

Originally Posted by Jerrygo

Mouse Traps being laid all over the place. Left and right. For bb cheerleaders. C'mon Mr Smith, go on the show again and give us a good laugh.

It was Paul McCarthy on the radio the other day, but it would be awesome if the CEO & IT/Maths Genius Mr Chris Smith came on the show to put all the Ponzi "RUMORS" to bed once and for all. I will me listening with interest whoever is on.

Of course I meant to say paul McCarthy. Freudian slip. I think there is only a small slot of the show set aside for it. Might get 15minutes. I have emailed them again. Doubt they will call me back. Hope Phil has contacted them also.

Originally Posted by Jerrygo

Of course I meant to say paul McCarthy. Freudian slip. I think there is only a small slot of the show set aside for it. Might get 15minutes. I have emailed them again. Doubt they will call me back. Hope Phil has contacted them also.

Sadly not, genuinely at home in bed ill. Will listen to show though.

Originally Posted by maebee

Liveline going to be covering it in one hour's time.

Got a link to a stream? The website is confusing!