Thread: Banners Broker HYIP ponzi scam

Originally Posted by BB Defender

There are fools on this thread speaking out of their backsides, moaning about bb being a ponzi scheme, yet they have no evidence to back their spiteful statements....... Good luck in court to all of you surface scratching liars.

Hi BB Defender and welcome to realscam. I took the liberty of shortening your statement, for which I apologise.

I hope you will appreciate that this is a forum where we accept everyone who pops in regardless of the viewpoint. But, as you will have noticed, some people are liable to be shot down. However, I hope you will stick around and educate us all in the mysteries of BB as well as be educated on the kind of business you are in.

:)

Surface scratching liars eh.

Maybe if a few more people just scratched the surface we wouldnt have hundreds of thousands of people being sucked into one of biggest ponzis of the decade

Originally Posted by BB Defender

Bannersbroker buy the impressions in bulk from the blind network ad exchange through on e of the brokers that controls the marketplace,

Which one?

Originally Posted by BB Defender

you make $7.50 this equates to 37.5 % profit margin. This is typical throughout the business world so why do you surface scratchers think it is an unreasonably high level of profit?.

It took me 10 seconds to find this:

Day 161 Now in Profit on Banners Broker

This is typical when any BB affiliates talk about their earnings. This person put $1,070 into BB in May and their total earnings by October was $10,765. So they experienced a return on investment of $9,675 -- or 906%. Annualized, that is 2,176%

I can find you dozens of other examples of this, including YouTube videos and sales pitches from various "independent contractors".

So, how exactly do you explain all of this actual evidence from screen shots of dashboards, and enthusiastic bloggers proclaiming "zero risk" and "pure profit from here on out" -- when you and the rest of the BB apologists are now trying to downplay this by saying "hey, we only make $7.50 and it takes a couple of weeks to make that...this is no big deal"?

The truth of the matter is that the investment returns are beyond normal, for an activity that the participant spends exactly zero hours per year on direct sales and never sees much less touches the "product".

I'd love to hear your defense of this.

Oh! BBDefender

Check out the link that samuel.r has in his signature. Ten FACTS about Banners Broker - potential investors must read

As a follow up to samuel.r's post above, this was in the comments (underneath the post that details the returns)

"I was just wondering if you were part of talkingbb.com?

On the talkingbb forum administrators and Ian driscoll have stated that banners broker is not longer allowed to be used in domain names, and suggests we all adopt alternative domain names. I also believe screen shots of your banners broker ewallet is no longer allowed, which was brought up on last fridays Q&A webinar.

As banners broker are currently working hard to make sure they are compliant and are locking accounts of affiliates who are not changing with them, I just wanted to let you know in case you hadnt seen this information.

Thanks"

There in plain sight is the dictat that you can't use banners broker in domain names.... Anyone care to comment?

Originally Posted by BB Defender

If you have concrete evidence that bannersbroker is a ponzi scheme then you had better show this, otherwise the legal team at bannersbroker will be summoning you to court for scandalising a ligitimate business. Good luck in court to all of you surface scratching liars.

I for one can't wait, however if the Banners Broker legal team is as slow as Banners Broker themselves are at paying out or giving refunds, I fear we may have a long wait.

Tell 'em to get a move on will you?

What legal firm are representing BB?

Originally Posted by noname999

What legal firm are representing BB?

Great question. BB, now with 265,000 members and cashflow of $40M per month must have one of the big name firms on a short leash.

Typically this would show up in a corporate press release, or in an email to affiliates.

Welcome to the forum of the 'bottom-feeders', BB Defender....
Have fun defending BB, you're amongst a crowd of truly hard-core cyber terrorists here hell bent on bringing down BB with their Ponzi claims. You see, these people have nothing better to do with their time than scour the internet for any dirt they can dig up on BB, and anybody they find the be involved in any way with the company. Got to give these people credit for their dedication and tenacity, that's for sure, and to their credit they actually make some valid points.

It's like trying to defend and justify your belief in a God, for example, on an atheists' site, or jumping on this facebook page http://www.facebook.com/SayYesAustralia and argue that Australia's introduction of a Carbon Tax this year will do nothing to combat climate change that's measurable or noticeable. The difference between that facebook page and this forum, however is when you present enough facts to them, they get upset and ban you from the page (so you can't post comments).

The similarities with the style of arguments are strikingly similar, pro-carbon tax / climate change proponents argue that a country like Australia which produces less than 1.5% of the world's CO2 emissions will make a difference on a global scale despite China, USA and India for example (which together emit about 50% of global CO2) not taking a similar initiative, by taxing carbon, because a bunch of scientists say so.

Similarly here, a bunch of wannabe detectives make a sometimes plausible argument that BB might be a Ponzi with patchy evidence, claims and findings. Who knows, they might be right, but it's a long shot that'll eventually be settled in a court of law. Time will tell.

From my own extensive personal due diligence, I doubt whether BB is a Ponzi as such. There could be "Ponzi elements" in the whole scheme, but anything to suggest this is pure speculation until we got to see their concise and audited financials, and I doubt whether BB management's going to flop open their books to a bunch of proper auditors to justify themselves to a bunch of bottom feeders hell bent on bringing the company down, so until that happens, there's no concrete proof either way. Remember Amway was labelled a scam, it's only when it went through the courts, they were declared a proper legal business and BB will most likely need to cross that bridge, but whether this will shut up the bottom feeders here remains to be seen, depends on whether they have something big enough to wrap their laughing gear around.

BTW: By "ponzi elements" i mean that both advertising revenue as well as funds from new members joining go in the same money pot, which pays the bills, affiliate payout requests and other business operating costs. The company would definetly be a ponzi if new member signups stopped, or even stalled significantly, and there wasn't enough money around to 1. keep the business going, and 2. pay affiliates their requested withdrawals.

There are some little red flags waving around judging from the number of people who are experiencing some significant delays in receiving their payments, whether that's funding problems through external processors such as STP/Payza, or liquidity problems is pure speculation either way. I personally know of both people who are usually paid on time (and amounts in the 4-figures), but I also know of people who are finding it, let's say challenging, to get money out of them. What I can confirm is there are far fewer hassles with withdrawal requests to the BB prepaid mastercard, than to external providers, however that doesn't make them a ponzi, nor does that prove they're legit either. Pure speculation.

What is not pure speculation is BB's level of customer service and how accessible the company is by its affiliates. Leaves a lot to be desired to say the least. Things have improved from my own personal experiences and observations, however others' experiences have not been as positive to say the least.

Where I stand with BB is very passive, about 4 months ago, I joined up with a blue package and spent a few hundred dollars in additional panels over a month or so, by way of a small number of small re-loads around the $100 mark to add some more panels and traffic packs to my inventory. The amount of money I put in would be about the same amount of $$ I'd spend on a good night out clubbing Surfers or at the casino, or at the track on a Saturday. In other words I've taken a punt with BB, a bit of a gamble, and since my "investment" in the scheme would represent perhaps 10% of my average weekly earnings in what I do for a living, I certainly wouldn't lose any sleep over it. The original plan was for me to see how this thing goes for 6 months, and then start my recruiting efforts to build a BB team, which currently is 1 single freebie random that somehow managed to find my site and sign up (as a free member), he's located in the Philippines and just wanted to take a look around. Still on my referral list as a freebie.

Because of the way things have panned out, site problems, payment problems, etc, my original 6 month plan has been extended to 9, perhaps 12 months. The whole idea of this is that, from a recruiting perspective, I'd be able to provide proof to the prospect, that you can actually make a profit that's real and withdrawable without ever recruiting a single person into the business.

To this date, I haven't yet made any withdrawal request, but that day is still a month or two away, as my account isn't liquid enough to be able to do this. As soon as I roll up the next bunch of blue panels to make (and qualify) a green panel, that would be my 5th green panel, and from #1 to #5 they're spaced about 3 weeks apart. My calculations suggest that I should be able to do a withdrawal request of about $400 to $500 by the end of January, perhaps mid-february. Not that a successful withdrawal earns the big tick of approval, just a little one in my book, depends also how long they take.

The litmus test will be how well the company's going to be doing over the next 3-6 months, as far as I'm concerned, or whether the bottom feeders were in fact correct with their assertions that BB is in fact a Ponzi.

My advice for anybody contemplating joining or not, is
1. do your own due diligence
2. only put into it what you can afford to lose, consider it more like a gamble that MAY pay off, rather than an investment you're hoping to rely on to pay your bills. There's a lady on one of the BB skype forums enquiring about how she would fund $45k into BB. THAT in my book is just plain insane (unless she's a multi-millionaire and $45k is just loose change). I say if anything, if there's a little bit of doubt, take a punt with a couple of $100 or so, but only if you won't lose any sleep over losing it, should the unthinkable happen.
3. Keep an open mind and look at both sides of the BB story, there are some compelling arguments made from both sides, and both are speculative by nature backed with very little facts... from both sides.

I hope this helps.

@activeone: What legal firm are representing BB?

Companies such as Avon, Tupperware and many major MLM companies also won't allow you to use their company names as part of your domains. It's common practise to prevent somebody from getting the impression that a particular website is a company website or an affiliates'
They're also fussy about how their logos and images are used on business cards, brochures, and websites for the same reason. It must be clear to a prospective customer or affiliate that the affiliate's webpage, advertisement or business card shows clearly that they are an independent affiliate of that company, and not an official representative (or employee).

Originally Posted by AshKen1

As a follow up to samuel.r's post above, this was in the comments (underneath the post that details the returns)

"I was just wondering if you were part of talkingbb.com?

On the talkingbb forum administrators and Ian driscoll have stated that banners broker is not longer allowed to be used in domain names, and suggests we all adopt alternative domain names. I also believe screen shots of your banners broker ewallet is no longer allowed, which was brought up on last fridays Q&A webinar.

As banners broker are currently working hard to make sure they are compliant and are locking accounts of affiliates who are not changing with them, I just wanted to let you know in case you hadnt seen this information.

Thanks"

There in plain sight is the dictat that you can't use banners broker in domain names.... Anyone care to comment?

@activeone: What legal firm represent BB?

No idea. If I was owner or co-owner I'd choose one of the biggest - like Baker & McKenzie, after all BB reckons they're legit, and all cashed up, so why not use the best? My 2nd choice would be Slaughter and May 'cause I just love that name. Slaughter !!!! how cool. We have a local legal firm called Short Punch & grigatorix , short punch, bam!

Originally Posted by noname999

@activeone: What legal firm are representing BB?

Can you find out?

(Slaughter and May is class!)

Originally Posted by activeone

No idea. If I was owner or co-owner I'd choose one of the biggest - like Baker & McKenzie, after all BB reckons they're legit, and all cashed up, so why not use the best? My 2nd choice would be Slaughter and May 'cause I just love that name. Slaughter !!!! how cool. We have a local legal firm called Short Punch & grigatorix , short punch, bam!

This guy should fit the bill.

Screen Shot 2012-12-12 at 21.40.15.jpg

Not sure if Banners Broker could afford him though.

For anyone from BB who is reading this thread, can you tell us what legal firm represent BB? We don't need a big long declaration or an essay, just the name of the firm.
Brevity would be appreciated.

Probably worth pointing out (though this may have been mentioned) that Kurt Kornelsen was involved in the ICF World Homes scam with Raj Dixit. He is now involved high up in Banners Broker.

Here's my source on that, though I believe it's pretty well known now that Dixit was involved in ICF.

http://www.worldlawdirect.com/forum/...operators.html

I noticed a growing trend over the last couple of days in terms of the description of the blind network.

It seems that Banners Broker no longer source the advertisers themselves. It is all done via the other brokers. Can anyone shed any light on this?

Never heard of two brokers being used before in other industries I.e. in Insurance. It must surely reduce any profitability.

One thing is for sure, the business model seems to keep changing in its description.

well activeone.Apart from the comments about bottom feeders, you seem to be a bit different to the usual bb cheerleaders on here. In that you are leaving open the possibility that bb actually might be a ponzi. and you say your mind is open.
The reasons that some of us bottom feeders actually sought out this forum, and joined, is that we or some of our families have had money stolen by bb, or accounts blocked, or lied to, ignored, etc.
All the research that is done here which you denigrate is valuable to people searching for info on bb. I did not even know till I came here that the founder had another ponzi closed in Canada. The research is also needed by and passed on to media, regulatory authorities, consumer ombudsman, police fraud squad, revenue, mastercard, etc etc.
Surely a good thing?

Originally Posted by activeone

My 2nd choice would be Slaughter and May 'cause I just love that name. Slaughter !!!! how cool. We have a local legal firm called Short Punch & grigatorix , short punch, bam!

You wouldn't want to be on the wrong end of these guys: http://www.wrighthassall.co.uk/

Originally Posted by Julie Diligent

You wouldn't want to be on the wrong end of these guys: Home | Wright Hassall

Lol, I used to some audit work for those guys back in my employed days. One of the funniest legal names around.

Originally Posted by hendyphilhendy

One thing is for sure, the business model seems to keep changing in its description.

That's easy to do when the "business model" isn't tied to a "business"

Integrating changes in a business "model" with the actual business can't be done overnight, UNLESS, the "business' exists only on paper and the screens of a couple of hundred thousand "independent contractors"

I'm sure Bil Gates would love to have the luxury of changing Microsofts' "business model" and having the changes take effect immediately.

Not sure if this has been posted before.
I thought it might be useful if anybody wants to ask for their money back.

IAN DRISCOL

IAN’S SKYPE NAME IS EPIANN

Skype Checks out
Screen Shot 2012-12-12 at 23.56.30.jpg

The Office 19 Bar House Lane Keighley
West Yorkshire
BD20 6HA
Phone: 01535 210 649
Mobile: 07968 006 296

Originally Posted by hendyphilhendy

I noticed a growing trend over the last couple of days in terms of the description of the blind network. It seems that Banners Broker no longer source the advertisers themselves. It is all done via the other brokers. Can anyone shed any light on this? Never heard of two brokers being used before in other industries I.e. in Insurance. It must surely reduce any profitability. One thing is for sure, the business model seems to keep changing in its description.

Check out this BB affiliate's blog, Phil; he has a good go at reporting what was presented at Dublin, including David Hooker's explanation of the Blind Network: Dublin Reflections - workingbb