Thread: Banners Broker HYIP ponzi scam

Glad to hear it! Good going Nick and Swiss!

Only thing that urks me is that Terry is doing this because hes getting paid. Ive had the feeling he's been bombing all along with his responses and yet he's still around. If he's bombing, why are they still paying him to talk here and on finch? He may be failing but they clearly think the risk is worth it. Why?

Originally Posted by RobinHoodlumTJ

.. why are they still paying him to talk here and on finch? He may be failing but they clearly think the risk is worth it. Why?

Because the MO was to create a negative blogging war ..

"[5:13:12 PM | Edited 5:13:38 PM] Michael D: (*) Met Lorenzo last night in Manchester one of the BB founders he says we have not seen nothing yet, there are a lot 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 online and get on with our businesses and they are going to have a bit of a blogging war, by having BB writing negative blogs about the negative bloggers which should be fun."

Originally Posted by EagleOne

Mr. Stern got owned at FinchSells blog by Nick and SwissSkyBlue. I am posting the exchange here because it needs to be seen by as many people as possible. I hope Nick and SwissSkyBlue don't mind my posting it here.

...
And the unraveling continues. Me thinks Mr. Stern is in over his head.

Great post. That and the "five classes of poster " reminded me of :
The Spanish Inquisition - Monty Python

[JARRING CHORD]


[The door flies open and Cardinal Ximinez of Spain [Palin] enters, flanked by two junior cardinals. Cardinal Biggles [Jones] has goggles pushed over his forehead. Cardinal Fang [Gilliam] is just Cardinal Fang]

Ximinez: NOBODY expects the Spanish Inquisition! Our chief weapon is surprise...surprise and fear...fear and surprise.... Our two weapons are fear and surprise...and ruthless efficiency.... Our *three* weapons are fear, surprise, and ruthless efficiency...and an almost fanatical devotion to the Pope.... Our *four*...no... *Amongst* our weapons.... Amongst our weaponry...are such elements as fear, surprise.... I'll come in again.

[The Inquisition exits]

...

[Cut to them torturing a dear old lady, Marjorie Wilde]
Ximinez: Now, old woman -- you are accused of heresy on three counts -- heresy by thought, heresy by word, heresy by deed, and heresy by action -- *four* counts. Do you confess?
Wilde: I don't understand what I'm accused of.
...
Ximinez: Now, old lady -- you have one last chance. Confess the heinous sin of heresy, reject the works of the ungodly -- *two* last chances. And you shall be free -- *three* last chances. You have three last chances, the nature of which I have divulged in my previous utterance.

Maybe we could recast with Smith Dixit and Stern as the Cardinals?

I used to think BB was a scam until I came accross this...

http://www.technoreporter.com/wp-con...e-business.jpg

Might as well be proof, eh?

Originally Posted by RobinHoodlumTJ

Glad to hear it! Good going Nick and Swiss!

Only thing that urks me is that Terry is doing this because hes getting paid. Ive had the feeling he's been bombing all along with his responses and yet he's still around. If he's bombing, why are they still paying him to talk here and on finch? He may be failing but they clearly think the risk is worth it. Why?

It is simple. A Ponzi would not send their head PR guy to two public forums/blogs and agree to openly answer all questions. It makes no difference that it is all smoke and mirrors, just that by his presence here proves this is not a Ponzi.

LRM is right, and I am still surprised that some of you still don't get it. It is not who is running the program that is the issue, it is what the program says it will do that is the issue. Always has been and always will be. Those of us who have been around at least from the early 2000's learned this a long time ago. We do know Ponzi speak when we see it and hear it. All Terry has done is use Ponzi speak, and it seems some are waiting for his replies with baited breath. That somehow he is going to say something that will make BB legal in their eyes or provide some startling revelation.

They were supposed to have everyone paid today, yet not one person in BB has posted "I got Paid Today On-Time." The mantra and supposed proof BB is not a Ponzi BS. Yet the focus is when will Mr. Stern post again in the question thead. Seriously?

He came here, and he was welcome to do so. Just as he is welcome to say whatever he wants to say, but that does not mean he gets a free-pass to tell blatant lies and try to pass it off as the truth. This is nothing more than a feeble attempt at damage control. All you have to do is read the FB and Twitter pages, or the official blog of BB and you will understsand fully why he is here.

Originally Posted by Joe_Shmoe

[COLOR=#000080]It seems despite everything Terry says Banners Broker is an advertising company.

From their own FAQ's on BannersBroker Just now.

From the same FAQ their endorsement of Allied Wallet

Allied Wallet in FAQ.jpg

Which when potential affilliates see this:
FBI — Payment Processors Agree to Forfeit More Than $13 Million in Funds Traced to Money Laundering and Online Gambling

I don't think they would want to be dealing with the Banners Broker recommended system.

Originally Posted by EagleOne

It is simple. A Ponzi would not send their head PR guy to two public forums/blogs and agree to openly answer all questions. It makes no difference that it is all smoke and mirrors, just that by his presence here proves this is not a Ponzi.

LRM is right, and I am still surprised that some of you still don't get it. It is not who is running the program that is the issue, it is what the program says it will do that is the issue. Always has been and always will be. Those of us who have been around at least from the early 2000's learned this a long time ago. We do know Ponzi speak when we see it and hear it. All Terry has done is use Ponzi speak, and it seems some are waiting for his replies with baited breath. That somehow he is going to say something that will make BB legal in their eyes or provide some startling revelation.

They were supposed to have everyone paid today, yet not one person in BB has posted "I got Paid Today On-Time." The mantra and supposed proof BB is not a Ponzi BS. Yet the focus is when will Mr. Stern post again in the question thead. Seriously?

He came here, and he was welcome to do so. Just as he is welcome to say whatever he wants to say, but that does not mean he gets a free-pass to tell blatant lies and try to pass it off as the truth. This is nothing more than a feeble attempt at damage control. All you have to do is read the FB and Twitter pages, or the official blog of BB and you will understsand fully why he is here.

Agreed. But is it better to keep calling out his lies or ignore him altogether. I personally gave up on following him. The pattern is clear.

1.) direct to-the-point question
2.) long-elaborate-say-nothing-answer

Over and over and over...

Personal question. My future father-in-law sent in a copy of his passport, along with my fiance's passport. What can they do with this information and is there anything they should do to protect themselves?

And, wow. Just saw in Beacon's post that they require a social security number to use a pre-paid card. F'in crazy.

Originally Posted by Poyol

Who is Chris then?
I think he's a name to hide behind.
You can't find a person who doesn't exit; nor can you arrest him.

Jason

Good for you Jason......You just took a giant leap towards understanding how these scams work

Originally Posted by Brenda

just wonder why terry feels the need to be so angry, arrogant and condescending in his posts, we are now personality categories?

I fail to see what why Smith needs to be so protected. After all, what could come from knowing what year he graduated, where his employment background was?

Terry cut the waffle, distraction and assumptions about who or what we are. Is it not just a little hypocritical to accuse us of categorizing your company while you categorize us?

What did you expect him to do??.....You thought he would really answer to my posts??.....Or to Lynne's post regarding the Howey test and unregistered securities??.....

The only defence he has is to play the victim.....And so many of you fell for it....

Originally Posted by RobinHoodlumTJ

Glad to hear it! Good going Nick and Swiss!

Only thing that urks me is that Terry is doing this because hes getting paid. Ive had the feeling he's been bombing all along with his responses and yet he's still around. If he's bombing, why are they still paying him to talk here and on finch? He may be failing but they clearly think the risk is worth it. Why?

Because while he is tap dancing he is buying more time to scam more money from the uninformed. Just think how many frist time internet users come on line each year. people are not born knowing about these scams and scammers, they have to learn. Most learn the hard way. Save one and that is a victory.

Originally Posted by EagleOne

LRM is right, and I am still surprised that some of you still don't get it. It is not who is running the program that is the issue, it is what the program says it will do that is the issue. Always has been and always will be. Those of us who have been around at least from the early 2000's learned this a long time ago. We do know Ponzi speak when we see it and hear it. All Terry has done is use Ponzi speak, and it seems some are waiting for his replies with baited breath. That somehow he is going to say something that will make BB legal in their eyes or provide some startling revelation.

Great post Lynne......Those who stick around after BB is done and dusted will learn this....But it will take time....

Originally Posted by RobinHoodlumTJ

Personal question. My future father-in-law sent in a copy of his passport, along with my fiance's passport. What can they do with this information and is there anything they should do to protect themselves?

And, wow. Just saw in Beacon's post that they require a social security number to use a pre-paid card. F'in crazy.

If a well known company here in Aus asked me for a copy of my passport I'd laugh at them and tell them to F off....

How people can send such doccuments to anyone is beyond me..........

Originally Posted by RobinHoodlumTJ

Personal question. My future father-in-law sent in a copy of his passport, along with my fiance's passport. What can they do with this information and is there anything they should do to protect themselves?

And, wow. Just saw in Beacon's post that they require a social security number to use a pre-paid card. F'in crazy.

Just a suggestion but perhaps a sign up with LifeLock or another company like that to safeguard from identity theft. The wife and I use Lifelock but I am sure there is others out there.

Originally Posted by RobinHoodlumTJ

Personal question. My future father-in-law sent in a copy of his passport, along with my fiance's passport. What can they do with this information and is there anything they should do to protect themselves?

And, wow. Just saw in Beacon's post that they require a social security number to use a pre-paid card. F'in crazy.

Imagine for one second if what the "old hands" here on REALSCAM.com have been saying all along is true and we're not just making it up for the heck of it.

It doesn't take an Einstein to work out what could happen if a network of criminals really WAS behind the whole HYIP ponzi scene.

Here's the thing,

people, (not all, but some) have given "someone" in the HYIP ponzi scene their names, addresses, social security numbers, copies of their passports, banking details and/or a combination of all of them.

I've seen claims Banners Broker has upward of 200,000 members.

Do THEY know who's behind the payment processors or what their policies are ??

Do THEY know who talks to whom in the HYIP ponzi scene ??

YOU tell me what you think might happen.

Thanks Baylee. I'll recommend that.

@anyone: what is one capable of doing with anothers passport. I'm aware of the dangers of a social security number falling into the wrong hands but aside from the physical passport falling into the wrong hands, what can be done with the information on it?

Forget about HYIP ponzis for a second,

hands up anyone here who has worked with a REAL PR professional on a REAL PR campaign in the REAL world.

If that's considered "legitimate" imagine what someone not at all constrained by needing to tell the "truth" could do.

Fraudsters lie, that's what they do.

So i Agree- Terry's a dead-end. What can be done now? I'm on vaca for another week with a ton of free time. What's the next step.

I'm here to do two things: support the claim that banners in a scam and help to bring it to an end.

I think proving the president isn't who he claims is a solid goal. If not this, then what?

Originally Posted by RobinHoodlumTJ

Thanks Baylee. I'll recommend that.

@anyone: what is one capable of doing with anothers passport. I'm aware of the dangers of a social security number falling into the wrong hands but aside from the physical passport falling into the wrong hands, what can be done with the information on it?

It depends entirely on the desire and ingenuity of whoever has the copy.

If your FiL has sent ANY other details to ANY other Banners Broker connected entity, he is at risk.

There are STILL reports coming in of Zeek Rewards members who have just noticed their bank and credit cards being debited with comparatively small unauthorized charges of as little as $38 a month.

Think about, if the fraudster/s only manage to collate the relevant details of 10,000 people and ONLY steal $30.

If the fraudster/s only manage to collect sufficient data to open 10,000 accounts in other peoples' name.

I'm not saying it WILL happen, but, it sure as hell HAS happened,

AND

not just once.

Originally Posted by SwissSkyBlue

I posted this on Finch's blog, and I would like to see if Terry or any other BB defender can give me a sensible answer:


To the BB defenders:

I want to ask you just one simple question, one that I asked my brother:

WHY does BB not use normal payment methods? Why does BB, instead of using normal banks or PayPal or bog-standard cheques, use these online payment methods that are not only so inefficient, but are well known historically to be used by all types of scams in the past? Why on Earth would any legitimate business do this? It is beyond belief that a legitimate business would use these payment agencies, and the fact that BB uses them almost exclusively despite the apalling record they have shown recently must surely indicate that something is not right with this business.
I asked my brother this question, and his response was "we knew that before we got involved", which of course is no answer at all. If I am going to invest - yes INVEST - money in an online business run by people I don't know and who's past is proven to involve online MLMs and/or PONZIs, then I would not touch it with a bargepole if they refused to use normal payment methods instead of online payment systems known to be the favourites of scams in the past.
Why is it so difficult for these people to see it, and is any BB-defender out there going to provide a sensible answer to this question?
Mr. Terry Stern, do you have a sensible answer as to why BB uses such questionable and inneficient institutions instead of normal banks (which, by the way, are far, far cheaper to use than these online institutions!).
I don't expect a sensible answer as I believe the answer to be that these payment institutions will work with BB to "pay" as and when and to whom BB want to pay, and take a very nice cut for the pleasure of doing the business thank you very much!
But maybe I have it all wrong, so could someone from BB please explain it to me?

I don't know what the anti-money laundering laws are like in Canada, the UK and India, but I do know that in the USA, transactions over $10,000 have to be reported to the government. And structuring transactions so they don't aggregate over $10K in a day is a crime ("structuring"). While I doubt the average BB member has $10K+ coming to them, the people in the top tier might. And, it's entirely possible, nay, likely, that BB has resorted to these sketchy outfits because it does not want to answer hard questions about what it is doing. (If memory serves, the filing of Suspicious Activity Reports on the part of banks and credit unions was one factor that tipped off the US government regarding Zeek.)

I don't handle money in my job, but I work for a financial institution. In my yearly training yesterday, I was reminded that if I even HEARD of anyone structuring transactions (see above) I have to report it.

Originally Posted by RobinHoodlumTJ

So i Agree- Terry's a dead-end. What can be done now? I'm on vaca for another week with a ton of free time. What's the next step.

I'm here to do two things: support the claim that banners in a scam and help to bring it to an end.

I think proving the president isn't who he claims is a solid goal. If not this, then what?

That's where going into "Harm Minimization" mode comes in.

The harsh reality is, we and others are at a massive disadvantage here.

The "naysayers" are up against a well ordered and unbelievably well funded and completely criminal "industry"

Personally, I long ago gave up believing it is possible for any one person or forum to "save the world" as it were.

HOWEVER, all it took was a minor adjustment on my part to realize every single person who DOESN'T become a victim or or escapes the fraud in time or is forewarned for "next" time is a victory in itself.

Anyway, it's a far more interesting and cheaper "hobby" than coin and stamp collecting and takes up far less time.

Not trying to save the world her. Gave up on that years ago, haha! But I do believe that ALL people make mistakes. I'm in the mood to find them. The question is, if I'm gonna look, what mistakes would be best to look for?

I'm not trying to bring this org to its knees. It's highly unlikely. It's more likely the panels will (continue to) slowly stop maturing until everyone gradually gives up, and BB becomes but a memory. But I'd like to at least have tried help the end come sooner.

Originally Posted by RobinHoodlumTJ

The question is, if I'm gonna look, what's would be best?

Easy, keep doing exactly what you're doing.

Your "fresh eyes" are extremely valuable.

You're going to be more inclined to not look in the "normal" places Banners Broker and those behind it will have covered and buried before they even opened the doors.

Originally Posted by okosh

What did you expect him to do??.....You thought he would really answer to my posts??.....Or to Lynne's post regarding the Howey test and unregistered securities??.....

The only defence he has is to play the victim.....And so many of you fell for it....

okosh, hang on a sec, enough of the quelle surprise, shock horror. Yep, apart from a near 'debt' experience with woman empowering woman a number of years ago, this is my only ponzi experience. I may not 'get it' when it comes to all the sofisticated techie stuff and to be honest am in awe of some of the posters here and how they manage to get info, but the forum might need me too? ( one question mark suffices) I am personally , quite happy to take credit for having BB questioned on one of Ireland's second most listened to radio program. Sometimes it's not about smarts but hearts.

With regard to Terry, let the record show, that whether or not the question asked was relevant, it was not answered.

It may not have been the smartest question but did show that BB were not prepared to answer what should be, a most basic of concerns for new entrants, who am I giving my money to? All I want, is to create doubt, shake the confidence of a potential recruit, get them on the right side of the fence, simple.

I'll fight on my level and you on yours, hopefully the twain shall meet :)

From personal experience I can tell you: though it's hard to find, have some confidence.

I mean not to imply you've made mistakes when I say this: mistakes are for learning, not for destroying confidence.

Terry's there to destroy the confidence of those who are truly skeptical, and strengthen the confidence those who are believers who have but a shadow of a doubt. I stopped following terry but I'm sure that if your question wasn't relevant, he WOULD have answered it.