Thread: Banners Broker HYIP ponzi scam

Originally Posted by Beethoven

Agree completeley, Jason. Take this reply on the Mirror Blog posted by TJ for example:

"TJ said:


Phil made public accusations that Banners Broker is a ponzi scheme, hence the closure of his account."


TJ just admitted right there that BB is a totallitarian regime by justifying the unlawful seizure of of Phil's account.
As you say, the shills are digging the hole deeper
Statements like that should put a few people off, you might hope.

First, I own Stock in Microsoft, and fill facebook posts with how terrible some of their software is. Is Bill Gates gonna withhold my dividend this quarter?

Second, if you do go to BB, I can tell you what you might need to see to prove it's a scam, and if it's not they have no reason to not let you see.
Ask them to see the banking records and specifically the deposits made to the accounts from advertisers who have ads running. Even if it's on a "blind network" and no one can see the actual ads, if it's lefit surely someone running the ads is PAYING for them. Dollars to doughnuts the deposits from advertisers are gonna be harder to find than the ads (and fish eyelids for that matter)

Then, ask them to see their Accounts Receivables ledger. If they have outside revenue there has to be a record that they have billed someone.

Then, have a look at the account from which they are paying, which btw can be verified by tracing a few payments received by affiliates. What you're looking for there is the deposits into the account from which they are paying out. Backtrace those deposits to see if the money can be shown to originate in outside revenue.

Of course, these are things bb WILL NEVER LET YOU SEE, because they can't doctor them up, (call the banks to verify the numbers).

If you really want to go, ask them if I can go with you, I no longer practice accounting but I was a Forensic Accountant and I verify fraud in a matter of hours if they let me have access to their bank accounts, which they can do, especially if they know I'm coming. All they have to do is notify their bank that someone is doing an independent audit.

Tell them you have a forensic accountant that wants to come with you, and that'll get the offer withdrawn pretty quick.

The latest Baffling Bull from the lying liars.

Chris is speaking :)

Updates:

Seeing if David Hooker is on the line to speak with us.

Doing some restructuring in UK. We are actively pursuing the new office location, as we speak.

David Hooker: Good morning. Very busy and hectic here with offices opening around the world. UK -- Lorenzo is locating an office. Stellar Point has locations around the world that will be helping us. Located some offices in the Manchester area. There will be one week of intensive training as of January 23rd. We are cementing the details now. We were seeking a general manager, and that is completed. We will be introducing him to all individuals during the next couple of weeks.

The next BB Tour will be in the UK, sometime in February. Chris Smith, Raj and myself will be in the UK to celebrate the new offices. We aer hoping lots of people will be there.

UK, Ireland, Israel and the Carribbean... we are extending our reach throughout the world. General Manager for the Carribbean is there now being (sorry can't understand David's accent)

There's alot of confusion around many things. People read the headlines, rumors but do not seek the details. In India we just closed the office, not BB India. In November we were already beginning to look for new offices and hiring new staff. Prior to the problems in India, we had already located offices. WE are excited with how the plans are going.

(He is speaking about the PR plans and getting the image of BB out to the world -- but I cannot understand his accent, sorry)

Chris speaking:

Updates:

We are expanding around the globe and bringing on 5 more countries.

Payouts:

BB Debit Cards - we have updated this process and we are getting into the payouts alot smoother. We some some internal features -- we did a payout a couple days ago. Doing them in batches. You will now see the exact time as to when you will be paid. We tried to do 7 business days and tried other scenarios.
Now it will be
20 ccalendar days for Standard
15 calendar days for Premium

Payza - Next Payout Jan 17
STP - Next Payout Jan 17
USA Bank - Next Payout Jan 17

(*) BB Version 2.9

1) New Membership type: Executive
$500/month - streamlined Support
Traffic Boosters discounted.
Withdrawal timeframe for BB Card 10 days

2) New panel and package (very soon)
We did a survey to submit names
for new package.. we now have the
Top 10. There will be a list on
the site for us to VOTE on this.

Infinite
Supreme
Elite
Galaxy
Extreme
Corporate
Prestige
Optimum
Premier
Crown

3) Incentive Traffic - things you can do to help BB and help yourself. Example, writing blogs, testimonials, etc. Now we are going to formalize this if you do these items, and we will give you traffic to qualify your panels.

4) New Qualification process - to separate the traffic banks into separate banks. Sales bank, traffic pack bank ___________. You can mix and match. TP bank will stay at the same ratio. Separated out from sales. This is to help out the sellers out there, the people promoting BB. Sales credits need to be recognized more than traffic pack credits. This is not fair to the pepole who are inviters.

There has been confusion with rollup, becuase it does not increase allowance. Once this version is complete this will work smoother.

We are working hard to have this completed soon.

Q&A

Withdrawal timeframes: If you w/d Jan. 1st, it will be on your card on Jan. 20th (standard).. calendar days based on when you w/d.

Vector w/d limits error: I would say we are 90% there in terms of the 100% integration to get it automated. There may be a few things that you see with Vector that will be fixed and last remaining items will be wrapped up and it will be seamless.

Admin Fees are being taken starting in January.

We will get the Dublin presentation by David Hooker posted on the website.

If I have more than 10 TP's a month, will I be forced to be Executive member? There will be a grandfather time period. Eventually you will be Executive.

Negative blogs online -- we are not idly sitting by and being slandered. We are on top of this and handling it legally.

We are making an effort to answer all questions either on the webinar or placed on the FAQ section of the website. Based on the category of the question.

New training videos coming up

BB Debit card was 7 business days... now it is "calendar" days. And we have put more realistic timeframes based on our experience.

What is the difference between IC and General Manager. IC is a separate company with BB as a main client for support center. IC has a relationship based on sales in that county. General Managers do not have BB accounts and are paid a salary so no conflict of interest.

What is procedure for w/d more than $10K per month. We will have a form put online for you to fill out. BB Card must be maxed out, then you can use a different method for increased withdrawal amounts.

With the new program and the Vector process, BB Debit Card is split. We will eventually show all the logs together over time.

Why does it say Raj is talking? He set up the webinars originally. we have not changed it.

Black panel -- the limits, the allowance, the black will follow the same as all the colors, and new panel will have the UNLIMITED allowance.

Alot of great updates. I want to thank David Hooker with our initiative worldwide. Thank you for your support. Keep up the great work. Please talk to your inviter first, before going so Support. Keep helping us grow.

Have a great weekend.
End of webinar

@ Gregg, surely before anyone gets on on any airplane, Martin could establish that the documents you mention would be made available to him/ you. BB have the choice to either confirm yes or no publicly before any meeting takes place, that they would agree to this access. If yes, fantastic in terms of putting the BB claims to bed or if not, well speaks volumes.

@ sascode3, who is the journalist, can we have a link?

To the board, Phil touched on something earlier, I think it's important to expand on it. The vast majority of BB affiliates, no more than myself, don't have the IT type knowledge needed to get to the core of the business model, enough, certainly, to argue any points put to them by slick talking recruiters. Bearing this in mind, should any rebuttals say to the Mirror, be simple, noname99 style, one question at a time and easily understood by the masses? At the end of the day, isn't this about believing that we have a ponzi here and doing our best to warn the masses to do THEIR due diligence to the best of THEIR ability, before considering joining.

Don't know if this is old news...sorry if it is. Attached a link to go direct to page and copied and pasted the text below. Funniest thing...go right to the bottom of the page and there are two AdChoices ads...they are both blank!

Banners Broker

Thursday, January 10, 2013
New Years
January 4, 2013

Hello Everyone

It has been a busy holiday season for BB and we hope yours was a safe and enjoyable time. We have a few pieces of news we wanted to share with you.

As per our announcement in last October, we are opening new offices in Bangalore India with in house meeting rooms and affiliate training rooms. An increased number of staff members to handle our growth, as well as appointing mobile Ambassadors to assist in the amazing growth in India is also in progress. With regards to the February BB Tour, this had been delayed. We want to thank you for the kind messages and encouraging calls that we've been receiving every day from all over India. Exciting times lie ahead for Banners Broker and all of our affiliates.

We wanted to quickly respond to news regarding the India BB offices. No doubt you have been following with tremendous interest the ongoing saga regarding Banners Broker and our Indian operation. So to put the record straight . . .

FACT! Banners Broker India is still in operation with affiliates joining us every day, and making money every day – it is business as usual.

TRUTH! Banners Broker International fired an employee who was not complying with our Policies and Procedures and as a result started making unfounded complaints about Banners Broker in an attempt to do as much damage as possible to our operation.

FACT! Our offices were not “raided” but closed so that the authorities could carry out their due diligence.

FACT: Due to our expansion plans, in December of 2012 it was decided to relocate our offices from Goa to Bangalore as it is one of India’s major IT business centers with access to far more qualified employees to provide support services to our thousands of active and happy Affiliates.

We have already located our offices, architect designs have been completed and renovations will be started shortly. So now you know the truth, not guess work from bloggers but straight from the people that know.

Having said all this we are looking forward to a tremendously successful year for everyone involved in Banners Broker. We will be posting more testimonials on the website BannersBroker as well as giving you the details of these testimonials here.

Originally Posted by Joe_Shmoe

The latest Baffling Bull from the lying liars.

Chris is speaking :)

3) Incentive Traffic - things you can do to help BB and help yourself. Example, writing blogs, testimonials, etc. Now we are going to formalize this if you do these items, and we will give you traffic to qualify your panels.

Lol. Now they have to pay the "affiliates" with traffic packs, to post testimonials, on how wonderful bb is..

The key message today was 'rewarding recruiters' and 'increasing membership costs for TP's.

But it is not mlm nor does it rely on affiliates joining!!!! (Sarcasm)

Originally Posted by Jerrygo

Lol. Now they have to pay the "affiliates" with traffic packs, to post testimonials, on how wonderful bb is..

can't you just hear it!

'due to the high volume of pay-outs to members for testimonials, we are unable to process payments, thank you for your patience' haha

double edged sword!!

Hi,
I posted a reply to "Ragman" on the mirror site, but for some reason got an error about my email address (it was a genuine one), so I'm not sure if they received my reply or not. Here's the reply in full, if it doesn't show up in the next day or so, is there anyone who would be willing to post on my behalf ?.
------------------------------------
Mr “RAGMAN” Thank you for a well constructed reply which has obviously had a lot of thought applied to it, it could almost be direct from the head people at Banners Broker.

I'm not about to bore people with one long reply, so will over time address your points, however at this early stage I would like to point out that you have not really answered any of the points in depth, you just say things like “you don't understand”.

I do understand how advertising works, but let me give you an opportunity to clear the air once and for all, instead of stating “you don't understand”, please explain to the masses of people reading these comments how it DOES work. If you're able to do that satisfactorily, I'm sure you could in one fell swoop allay any fears anyone has about the viability and legality of Banners Broker.

You go to great lengths to point out that when someone joins Banners Broker it is not an investment, of course it is.

An investment is something that is purchased with the hope that it will generate income or appreciate in the future. It has been suggested by some people that Banners Broker prohibit the term “Investment” as they wish to avoid having to register with the U.S Securities and Exchange commission.

Banners Broker cannot change the definition of the meaning of the word “Investment”, the fact they try to is to my mind highly suspicious.



By the way Mr “Ragman” I would absolutely love Banners Broker to be exactly what it claims to be, unfortunately at the moment there are far too may questions that remain unanswered.


I think that's enough for now, I eagerly await your reply.

Originally Posted by DevaEboracum

Banners Broker

Can I just say, which million dollar companies that you know use blogspot.com as their corporate blog?
Which million dollar companies that you know use a template from 'Awesome Inc.' on their blogspot.com coporate blog?

From the BB Network page on Facebook

Banners Broker Network
Yesterday
Msg from one of the pioneers in the UK! Met lorrenzo last night in manchester one of the BB founders he says we aint seen nothing yet, there are alot of improvements and exciting changes to come and BB is just starting to find its feet, spoke about they are planning on being around for the next 20 years so we are all going to be loaded, good times ahead! (*) :)
He also said ignore the negativity ...See more
28Like · · Share
51 people like this.

Jonathan Somasundram i think what Lorenzo has said is positive..and those who keep making up lies about BB should be dealt with as its not true at all and people dont know how corrupt these bloggers are where they get paid by competitors who arent as successful to write nonsense and lies about BB ..and many of these bloggers know that people love negativity so they will target the top companies like BB , make up stuff so that they get loads of traffic to their website..why do you think these crap celebrity magazines keep doing well...and more keep coming up..and why is it filled with all the shananigans of these celebs..and sometimes alot is made up..they know alot of people love this kind of rubbish ...
22 hours ago · Like · 1

What kind of bloggers does this person hang around with? Non-specific and with no evidence to back up his assertion. "Top companies like BB" oh gosh...

Originally Posted by Gregg

Tell them you have a forensic accountant that wants to come with you, and that'll get the offer withdrawn pretty quick.

Yes. I would not refuse their offer point blank. In fact Id accept it. Id ask then to "be patient" as to when I would travel. Id ask them to fund the travel and accommodation into your e wallet ( local bank account or paypay account set up for this purpose ) In advance. Id also ask then to agree that you will make your own travel and accomodation arrangements. I might suggest the International Police Association have many properties to use in many countries . Im sure there is on in Toronto. [edit] there isnt but I have an even better idea [/edit] I dont think you will be bothered when in it. Especially if sharing. They also recommend certain hotels.

I would offer them a "non disclosure" agreement to the effect that should you discover any trade secrets you wont disclose them ( although how actually seeing bank details would do that I dont know). I would also ask if you could ask the staff with them present whether you can have access to their contracts of employment. That would dismiss the "rent an office" claims and whether you can see evidence of the ownership of the property at 5 carlow court or if renting a copy of the lease. If all that was agreed to in advance and signed off on by a registered notary or lawyer in Canada it is a klegally binding agreement. If they don't want to agree to thes then ask them what they want to agree to and what constitutes showing you they have a legit biusiness uin theior books.
Oh and before you go anywhere get a copy of the employment details of whoever is saying he is representing Banners Broker and evidence from him that he really is representing Banners Broker ( who dont exist in Canada) or Stellar Point. e.g. a statement from the Director or someone appointed by him or whoever owns the building or lease saying he has full authority to make agreements with you concerning your access to their building and accounts.

Here's what I've just posted on MoreMoneyReview, in response to a post. I'm only reposting here for the benefit of newbies -- I know the old hands are completely familiar with this content type. Okay ...

@ nobo, I’ve only just spotted your post, hence the delay in response. I’ll paraphrase your post as quotes, and answer each paraphrase individually.

“People would have laughed at Google when they started in ’95, yet their turnover in 2011 was $37.98 billion.”

Yes, that’s because they have millions of real ads. Banners Broker only pretend to run ads. In reality, they have no advertisers apart from a tiny percentage of BB members promoting their own small-time sites. We know that from all the links I’ve posted on this thread. I also bebunked the myth that BB ran any ads in my lengthy post dated 4 Jan.

“The so-called experts on Dragons Den get things wrong.”

Yes they do, but you completely miss the point, which was about percentage returns on investments. I was essentially saying that Dragons’ high-percentage returns are in exchange for valuable business experience, whereas BB affiliates’ returns are in exchange for nothing. In the real world of business that does not happen. It only happens in Ponzi-land.

Think about it. Why ON EARTH would any company offer to double your money, when their real income is supposedly derived from selling advertising? BB affiliates are surplus to requirement. They bring no benefit to BB, they only take money out. THEY ONLY COST BB MONEY. What is the point of these affiliates if BB is NOT a Ponzi?

“I joined BB in Oct 12, put in $405, and after 3 months it’s grown to $1,980.”

Sorry, but that’s just numbers on a screen. I could claim I put in $25 and 2 months later it’s worth nearly $5,000.

“If it’s a Ponzi, it’s hard to reconcile the relatively small amounts that people put into BB with the relatively large amounts paid out.”

No it isn’t. BB has been growing phenomenally over the last 2 years. However, growth slowed remarkably in the run-up to Christmas, which is when payments slowed dramatically.

“I have a growing part-time income.”

I doubt it. You may have impressive numbers showing in your BB e-wallet, but most people trying to withdraw ACTUAL CASH from BB are experiencing real problems. See for yourself – check the HYIP (High Yield Investment Programme) forums such as TalkGold and MoreMoneyGroup.

“No business or investment is truly safe, so why not take a punt on BB?”

Because the slightest DUE DILLIGENCE by Googling Banners Broker will bring up evidence from the FinchSells blog, the RealScam site, and a plethora of others, to show that BB is a Ponzi – with a wealth of facts to support such assertions.

“I’m now recruiting others into BB”

So you don’t mind recruiting them into an obvious scam? And you don’t mind future angry people on your doorstep when this thing collapses, as all Ponzis do?

“The internet is the new Industrial Revolution, and BB is like Google, but offering a share of its business.”

Whether the net is the new Revolution is open to conjecture, but I can confidently say that BB is nothing like Google, who serve real ads and don’t pay out the money of new affiliates to earlier affiliates.

“If anyone wants to join me, here are my two email addresses ...”

... WHICH I’M AMAZED THAT MODERATORS HAVEN’T REMOVED. And which show you up as someone not to be trusted because, AGAIN and AGAIN throughout this thread, the moderators have said DO NOT POST EMAIL ADDRESSES.

5 Carlow Ct Sales Listing

Originally Posted by Theseus

5 Carlow Ct Sales Listing

nice find Theseus, see there you go, I searched and searched for a listing for this building to no avail!

as a btw, the carpark looks much bigger in the pic than in reality, it shares with the building to the left of it, either 4 or 6 Carlow Ct.

1.6 million eh, not bad bucks for a newly established business to finance?? Unless of course it was bought for cash!

Originally Posted by Brenda

nice find Theseus, see there you go, I searched and searched for a listing for this building to no avail!

as a btw, the carpark looks much bigger in the pic than in reality, it shares with the building to the left of it, either 4 or 6 Carlow Ct.

1.6 million eh, not bad bucks for a newly established business to finance?? Unless of course it was bought for cash!

Allegedly it was bought for cash, still with them now claiming 300,000 membes (up from 265,000 just before Christmas), that's only $5 each, or less that what one purple panel "earns" per week....

Screen shot 2013-01-11 at 18.49.33.jpg

Originally Posted by Jerrygo

Lol. Now they have to pay the "affiliates" with traffic packs, to post testimonials, on how wonderful bb is..

Well one issue is that panels are taking longer and longer to qualify, so the traffic pack is needed UNLESS you are recruiting. (I think I have that right) Any freebie traffic packs will be gratefully received no doubt.

I am reminded that if you are a downline and you "lock" the panel when you set it off with a traffic pack that your upline gets a sales credit. If you don't "lock" the panel, the sales credit doesn't happen until the panel caps. Again, the longer it is taking to go through the system, the longer the upline is having to wait. Wouldn't surprise me to find out that downlines are now being pressured to do this regularly.

Originally Posted by sascode3

Reply from Uk Journalist

My point about Banners Broker is that it is quite clearly a 'get rich quick' scam and the general public will not not have much sympathy for those who have been stung by it. There is ample evidence on-line for people who do their research to heed the warnings. Ordinary, legitimate investors would know that Banners Broker promises of 100 % returns and the impossibility of losing money, are lies. I have to say that people who have invested their money in the company must have either mislaid their brains, or greed has got the better of them. Either way, the general public would say: 'it serves them right' if they lose their investment. However, the Canadian authorities in whose jurisdiction Banners Broker operates, has a duty to investigate and close down this company. I will try to discover what their current attitude is.

Canada goes by the Sgt. Shultz attitude...."I see NOTHING"....."I know NOTHING"....

Originally Posted by Theseus

Allegedly it was bought for cash, still with them now claiming 300,000 membes (up from 265,000 just before Christmas), that's only $5 each, or less that what one purple panel "earns" per week....

Screen shot 2013-01-11 at 18.49.33.jpg

so if all their banking is off shore, Belize, I of M, how can they manage to bring all this money back to Canada? It would have to have been declared and approved by revenue? Is this like money laundering, a way of making dubiously earned money look clean?

Originally Posted by okosh

Canada goes by the Sgt. Shultz attitude...."I see NOTHING"....."I know NOTHING"....

oh, they know alright, what we can't know is what they are doing with what they know!

Originally Posted by Brenda

so if all their banking is off shore, Belize, I of M, how can they manage to bring all this money back to Canada? It would have to have been declared and approved by revenue? Is this like money laundering, a way of making dubiously earned money look clean?

It's not like money laundering, it is money laundering....

Originally Posted by Theseus

It's not like money laundering, it is money laundering....

it still needs to rest in a Canadian bank at some point during the transaction. I don't think the funds could go straight from an off shore account to a seller;s solicitors account? Given the recent fine in the US to HSBC of 1.9 Billion for money laundering, you'd have thought that banks in north America would be on high alert??

Originally Posted by Brenda

it still needs to rest in a Canadian bank at some point during the transaction. I don't think the funds could go straight from an off shore account to a seller;s solicitors account? Given the recent fine in the US to HSBC of 1.9 Billion for money laundering, you'd have thought that banks in north America would be on high alert??

I'm going to hazard a guess that Stellar Point are the legal owners of the building and it's paid for from "independent Contractor" payments from BB. As you say though, the funds still need to get from wherever BB are banking now back to Canada.

Originally Posted by Theseus

I'm going to hazard a guess that Stellar Point are the legal owners of the building and it's paid for from "independent Contractor" payments from BB. As you say though, the funds still need to get from wherever BB are banking now back to Canada.

thanks for the chat Mr T, go to go, talk again :)

Something I found on a BB website about BB and Zeek (apologies if you've seen it before, but if shows why they banned the word "investment")

20th August Webinar notes:

Zeek Rewards, Raj was never interested in it but there are BB affiliates in it. Campaigns were allowed to promote it but sat morning he was shocked to see zeek rewards shut down, 600 million dollar ponzi scheme.

Raj Enquired about it, their product was penney bid auctions, zeek or its members promoted it as an investment, sold investments, earned money by profit sharing by points which you can turn into cash. U.S. Security shut it down because they weren’t licensed as an investment company.CEO had to step down, can all be read about online.

Is BB similar?? Absolutely not! BB is not an investment, you do not put in money and then do nothing. You have to be active, you have to get your panels active, advertising is constantly active.

Effective this morning, zero tolerance if you promote bb as an investment, you will be terminated..!! Your site will be locked down!! You change your website and then contact bb to get your site active again..If your promoting bb with a management company, shut it down..

BB is an amazing opportunity, do not throw it away.We do not want government reps contacting us about investment queries.
Chris is making tabs to report website promoting bb as investments. BB will then lock it.

We need to make sure bb is being promoted in the right way. Affiliates need to comply with this as we grow.

BB is not officially opened in the U.S., no public info sessions. We do have teams where private and info sessions.

I.D’s are still needed; business licence is needed if you are corporate.

Panels: Panels are fine, had to take down live sales engine for programming. New admin tools and tweaking but the panels are still moving, just not live. It will not affect the panel completion time. There is nothing wrong.
You will see an update when it is live.

9am eastern time, site down for 3 hours today.

Managing accounts must be done by stopped by Sept 1st. Anyone done so will be violating bb. You cannot charge money for managing accounts. You can assist family member, help your team. Don’t log in and do the work for them. Cannot manage their accounts even for free. Can help your team but not manage them. Zero tolerance! Why? It’s perceived then as an investment, like zeek.

Sept 15th.bb will no longer offer corporate sales..No longer want to continue, its good for bb short term,but not long term..Again it portrays BB as an investment.

Payouts have gone out..Payza and stp are every 2 weeks..BB cards are goin out on time..

Originally Posted by Theseus

Is it cos he's black?

I was more considering their relative rotund appearance....!:-)