Thread: Banners Broker HYIP ponzi scam

Originally Posted by Brenda

Was he really just another scam merchant on the take for as much as, as quick as, or did he genuinely believe in the product

His problem is, it no longer matters how, why or what has happened in the past or what got him involved.

His reputation is forever tainted.

Another problem he now faces is whether or not the Irish authorities decide to prosecute.

He not only very publicly associated his name with a fraud, he also accepted money/ies for his services as well.

Referral commissions are NOT simply benign payments.

HYIP ponzi ARE investments. Referrers HAVE accepted payments for recommending an investment.

Anyone who recommends another person "invests" "KNEW, OR SHOULD HAVE KNOWN" the investment was a fraud BEFORE accepting a referral commission AND should have taken steps to ensure the "investment" was legitimate.

Saying "I didn't know" is no excuse under the law.

Whether or not a prosecution ensues in this case is beside the point.

If I had to guess, the time is not far away when someone says "enough is enough" and prosecutions DO take place for those who enable HYIP ponzi fraud to flourish.

WHOOPS, "someone" already did, and, recently as well:



You can read a full report on the PATRICK PRETTY blog

Came across this blog
Banners Broker Overview – An Overview In the Key Functions And Added benefits | Jackiebettyville.com


Possibly some of the worst English I have ever seen in a Banners Broker promo article! Big words added just for the sake of padding out.

...just checked there facebook page and is filled with posts stating 'new site just opened similar to Banners Broker' called Bank on Traffic...triple your dollars. Don't know how to get the technical stuff that you guys can but a dig may be in order???

Hi guys, just letting you all know my BB withdrawal request is now 2 days overdue.
I have raised a support ticket today and I'm eagerly awaiting their response.

Will keep you all informed so that you can all make an informed decision regarding this company and the opportunity, but in my book, failing to pay on time is a real deal breaker.

Cheers !

Originally Posted by waverider

Hi guys, just letting you all know my BB withdrawal request is now 2 days overdue.
I have raised a support ticket today and I'm eagerly awaiting their response.

Will keep you all informed so that you can all make an informed decision regarding this company and the opportunity, but in my book, failing to pay on time is a real deal breaker.

Cheers !

Late??....More likely you won't be paid at all.....

Originally Posted by Hypanor

I'm going to assume this is the real Donald Kernan, because as Papaponzi has pointed out his entry on LinkedIn has been updated to reflect what has been posted here about his previous involvement with Banners Broker.

So on that assumption, it is damning that someone who was in so early got out for the reasons stated. One would have to assume that Donald has a concience or he wouldn't have bailed. So if my assumption is correct, brownie points to you Donald for getting out when you realised it was a scam.

But you could earn a lot more good karma by warning people about this scam rather than staying silent...

Happy to receive any info via PM if you'd rather not disclose it yourself!

By 'powerpoint', are you referring to the 41 slide presentation I posted? The one I found in the public domain (and is still there)?

I'm reminded of this commentary on the Indian Banners Broker which has
http://whocallsme.com/Phone-Number.aspx/9019708881

this interesting description

2. As you know from the Indian press Banners Broker is a Ponzi scheme which has Goats and Sheep

3. The Goats are the early entrants to the scheme. The Goats lead and rule the mountain tops.

4. The Sheep are the subsequent entrants to the scheme. The Sheep follow and want to join the Goats.

5. The wise Goats know that they must cash-in at the tip of the cash pile before the scheme collapses

6. Each wise Goat mulls over its timing until Goat 1 takes the decision to disappear over the mountain top and cash in. (The foolish Goats stay in no matter what.)

7. The Sheep who fed Goat 1 with cash panic and perish because they were too slow to become Goats and lose all their promised returns as well as their principal sum if they have been really stupid.

8. The remaining Goats rally together and keep quiet about this even paying off the Sheep who belonged to Goat 1 to be quiet thus ensuring that the scheme continues to function and deceive.

And so it goes on until there are no Sheep left outside of the scheme and it implodes or those Sheep outside of it wise-up and don't buy into it.

According to this Donal is a single digit goat possibly even goat number 1
Eh... Donal have you ever heard of a guy called "Chris Smith"?
Apparently when you disappeared over the hill Chris Smith was the guy grazing the top of it.
You must have heard of him???
Can you tell us anything about his background ? Anything at all?

"Donald", if that really is your name ... which I doubt. You're probably another pawn of Banners Broker's.

Don't believe anything HYIPers say.

Who IS Chris Smith? Did you know him when you worked there?

Jason

Originally Posted by littleroundman

If I had to guess, the time is not far away when someone says "enough is enough" and prosecutions DO take place for those who enable HYIP ponzi fraud to flourish.

WHOOPS, "someone" already did, and, recently as well:



You can read a full report on the PATRICK PRETTY blog

Now I know where Simon got that finger pointing habit....

Originally Posted by Poyol

"Donald", if that really is your name ... which I doubt. You're probably another pawn of Banners Broker's.

Don't believe anything HYIPers say.

Who IS Chris Smith? Did you know him when you worked there?

Jason

You forgot to ask which college he went to

Originally Posted by HARRISON

...just checked there facebook page and is filled with posts stating 'new site just opened similar to Banners Broker' called Bank on Traffic...triple your dollars. Don't know how to get the technical stuff that you guys can but a dig may be in order???

Yeah we already have another thread about that:
http://www.realscam.com/f9/bank-traffic-1892/

By the way if you want to find something in a particular thread ( there is another search further up the page for the whole site) just go to the top of this discussion thread and use the drop down menu
you will see "Search Thread"

Type in the Phrase you want. If you want the exact phrase remember to put it in quotes like this "Bank on Traffic"
otherwise you will get all posts with the words bank AND on AND traffic in them

You can use this to look up a name address topic etc. discussed in the thread e.g. "Terry Stern" or "India" AND "Goa" AND "Bento".
AND seems to be a default
Can anyone tell me the syntax for logical operand OR or NOT?

Originally Posted by waverider

Hi guys, just letting you all know my BB withdrawal request is now 2 days overdue.
I have raised a support ticket today and I'm eagerly awaiting their response.

Will keep you all informed so that you can all make an informed decision regarding this company and the opportunity, but in my book, failing to pay on time is a real deal breaker.

Cheers !

You honestly believe anyone here will change their view and make an informed decision based on whether or not you get paid? LOL.

Originally Posted by Poyol

"Donald", if that really is your name ... which I doubt. You're probably another pawn of Banners Broker's.

Don't believe anything HYIPers say.

Who IS Chris Smith? Did you know him when you worked there?

Jason

Come on Jason, you know better than to assume anything. It is possible that the Donald posting here isn't Donald, but equally it is possible that it is. The email to SBM and the update to his LinkedIn page would suggest a slightly higher probability of the latter. How much of what he says about BB is true is another story though...

Here's a (very) wild theory - who's to say DK isn't the 'real' CS? Pictures on profiles can be easily faked.

What if DK is the 'real' anonymous CS?
What if DK's Dreamertopia is CS's Promo121?
What if the actor CS is paid by the anonymous CS (DK)?
What if all this time DK has been reading and laughing?
What if DK decided to be ballsy and come on here for a joke and object to a couple of posts made about him some time ago (now buried in the thread).

The above is completely hypothetical and in no way, shape or form is it true. It's purely to make the point of 'what if...?' and that we should at least encourage a few posts before making up our minds. We all know how well real shills/pimps put their foot in it when they are allowed to motor-mouth!

If 'our' DK ends up being a one post wonder, then in a couple of days time he'll be forgotten and the BB wagon will roll on......

Originally Posted by Beacon

Can anyone tell me the syntax for logical operand OR or NOT?

Um, it's OR and NOT!

Tips for using the search - How to Search vBulletin.org effectively - vBulletin.org Forum

Originally Posted by Hypanor

Come on Jason, you know better than to assume anything. It is possible that the Donald posting here isn't Donald, but equally it is possible that it is. The email to SBM and the update to his LinkedIn page would suggest a slightly higher probability of the latter. How much of what he says about BB is true is another story though...

Here's a (very) wild theory - who's to say DK isn't the 'real' CS? Pictures on profiles can be easily faked.

What if DK is the 'real' anonymous CS?
What if DK's Dreamertopia is CS's Promo121?
What if the actor CS is paid by the anonymous CS (DK)?
What if all this time DK has been reading and laughing?
What if DK decided to be ballsy and come on here for a joke and object to a couple of posts made about him some time ago (now buried in the thread).

The above is completely hypothetical and in no way, shape or form is it true. It's purely to make the point of 'what if...?' and that we should at least encourage a few posts before making up our minds. We all know how well real shills/pimps put their foot in it when they are allowed to motor-mouth!

If 'our' DK ends up being a one post wonder, then in a couple of days time he'll be forgotten and the BB wagon will roll on......

If DK is CS then he must have suffered a stroke before penning that first post of his....

Originally Posted by Hypanor

The above is completely hypothetical and in no way, shape or form is it true.

That makes it perfect for when you're describing a HYIP ponzi.

The only "safe" way to treat a HYIP ponzi is to believe "EVERYTHING" is hypothetical and "NOTHING" is real.

Unfortunately, several thousand first time HYIP ponzi participants are about to find out to their cost, Banners Broker is nothing more than just another smoke and mirrors HYIP ponzi fraud.

Originally Posted by littleroundman

His problem is, it no longer matters how, why or what has happened in the past or what got him involved.

His reputation is forever tainted.

Another problem he now faces is whether or not the Irish authorities decide to prosecute.

He not only very publicly associated his name with a fraud, he also accepted money/ies for his services as well.

Referral commissions are NOT simply benign payments.

HYIP ponzi ARE investments. Referrers HAVE accepted payments for recommending an investment.

Anyone who recommends another person "invests" "KNEW, OR SHOULD HAVE KNOWN" the investment was a fraud BEFORE accepting a referral commission AND should have taken steps to ensure the "investment" was legitimate.

Saying "I didn't know" is no excuse under the law.

Whether or not a prosecution ensues in this case is beside the point.

If I had to guess, the time is not far away when someone says "enough is enough" and prosecutions DO take place for those who enable HYIP ponzi fraud to flourish.

WHOOPS, "someone" already did, and, recently as well:



You can read a full report on the PATRICK PRETTY blog

Not debating that any of this is incorrect LRM. However, I see the likes of Simon and his ilk with their youtube videos and deliberate BS to appease those recruited and to encourage more recruitment vs McCarthy who seems to have been thrown into the spotlight after the Duffy show.

I just see Stepsys as offensive as an individual in many ways and McCarthy in a different light because they operate differently? Bigger fish and apparent smaller ones??

Anyway, at the end of the day, I agree, ignorance is not a defense and it is only when the full force of the law deals adequately with these scam facilitators that others who would be attracted to them, may think twice.

Originally Posted by Brenda

Not debating that any of this is incorrect LRM. However, I see the likes of Simon and his ilk with their youtube videos and deliberate BS to appease those recruited and to encourage more recruitment vs McCarthy who seems to have been thrown into the spotlight after the Duffy show.

I just see Stepsys as offensive as an individual in many ways and McCarthy in a different light because they operate differently? Bigger fish and apparent smaller ones??

Anyway, at the end of the day, I agree, ignorance is not a defense and it is only when the full force of the law deals adequately with these scam facilitators that others who would be attracted to them, may think twice.

Just because McCarthy comes across as a bumbling fool don't for one minute be fooled into thinking he's any less guilty than Stepsys.

Originally Posted by Theseus

Just because McCarthy comes across as a bumbling fool don't for one minute be fooled into thinking he's any less guilty than Stepsys.

Theseus, I'd of been disappointed if I didn't get jumped on for that comment, I knew it was coming lol

That said, Stepsys is without doubt a career HYIP'er recruiter, a serial offender

We have no evidence that McCarthy is in the same league or has been involved in HYIP's before?

Like I said, anyone who knowingly took money from others or failed to do their own due diligence to go on to taking money from others should all suffer the same legal fate.

Just an observation, may be just down to personality types or deliberate persona/ different methods used to establish sales and recruit.

Originally Posted by Brenda

We have no evidence that McCarthy is in the same league or has been involved in HYIP's before?

Makes no difference, a thief is a thief.

Please forgive me if this been posted, I tried to search but nothing came up.

On Donald Kernan profile over at swom.com (fairly old as far as I can see) he has a referral link to banners broker: BannersBroker
When you go to bb through it won't let you sign up, meaning his account was suspended?

Just an observation.

Originally Posted by Theseus

Makes no difference, a thief is a thief.

As I keep qualifying my posts with that tag line, ignorance is not a defense and yes, I believe they should all face the same charges. I'm not going soft on McCarthy here, but even a judge will take on mitigating circumstances, if there are any, in the final analysis and previous history when sentencing.

Admittedly Theseus, this BB stuff and all that I've learned since November 2012 when I first became involved, has been a huge eye opener for me and I still sort of struggle with the 'mans inhumanity to man' thing.

Originally Posted by Brenda

As I keep qualifying my posts with that tag line, ignorance is not a defense and yes, I believe they should all face the same charges. I'm not going soft on McCarthy here, but even a judge will take on mitigating circumstances, if there are any, in the final analysis and previous history when sentencing.

Admittedly Theseus, this BB stuff and all that I've learned since November 2012 when I first became involved, has been a huge eye opener for me and I still sort of struggle with the 'mans inhumanity to man' thing.

There aren't any mitigating circumstances though, the man is the face in Ireland of an international a ponzi scheme, the only excuse that could be given in mitigation is that he was unaware that it was all a scam.

As you say though, ignorance is no defence. In his case, unless he's very well connected (if you know what I mean ) I'd imagine he'll be more worried about answering questions from some of his local "affiliates" as to why he has, in the words of Joe Pesci "put (their) money to sleep".....

Originally Posted by Rebel

Please forgive me if this been posted, I tried to search but nothing came up.

On Donald Kernan profile over at swom.com (fairly old as far as I can see) he has a referral link to banners broker: BannersBroker
When you go to bb through it won't let you sign up, meaning his account was suspended?

Just an observation.

In post #8922 in this thread

Mr Kernan claims to have been stripped of his account:

DonaldKernan

Junior Member


Join DateFeb 2013Posts2

Re: Banners Broker HYIP ponzi scam

Hello, everyone my lawyer and a few partners told me this just popped up on the interest about me and my power point is also on the internet now. Which is legal patented information, so before I hire my lawyers to go after you for slandering my name guys regardless of you take it down or not I will waste money fixing my rep that I have built on the internet and my company. We start here with an explanation, I was one of the first people into Banners Brokers, INC., what I found out month 3 of being apart of the company is the math didn't work out on everyone's payouts. Now, additional to that I stopped promoting it and I helped the company scale a ton, along with that I had a partner and the company black balled me out of the company, and wiped me off the planet for ever being apart of the company. Which was fine as I had sold my position as a huge rep in the company. At one point I even owned the website bannersbrokerelite.com and its now worth $5000 because of the traffic I built to go towards the domain.
All and all I am not associated with the company anymore and I am working on my own start up.
An I would ask that you take down this slander so my lawyers go a little easier on you but if not it really doesn't matter to me. $5000 to my lawyer or $10,000 for them to find out who you are and file suits against you. Is ok with me and my company, I shouldn't have long time friends of mine coming to me and showing me this crap.

Originally Posted by Hypanor

Um, it's OR and NOT!

Tips for using the search - How to Search vBulletin.org effectively - vBulletin.org Forum

vBulletin's search function is less than inspiring to say the least, it's one of my few pet peeves with the software. But while not quite real time Google crawls us pretty quick so [ site:realscam.com search terms ] works rather well. And you can use all of Google's search tools (time, date range, verbatim, ext.).

Originally Posted by Poyol

"Donald", if that really is your name ... which I doubt. You're probably another pawn of Banners Broker's.

Don't believe anything HYIPers say.

Jason

Meet Donald Kernan. I spent a few hours last night tracking down some "Streisand Effect" material on him and he's a pretty open book. I don't think he realizes exactly how open, it's sorta cute seeing him go from trading Yu-Gi-Oh cards online to playing the HYIP's and cash gifting games. If he's stupid enough to give us a reason we'll give him his own thread to document his less than legal online lifestyle.

Originally Posted by Theseus

There aren't any mitigating circumstances though, the man is the face in Ireland of an international a ponzi scheme, the only excuse that could be given in mitigation is that he was unaware that it was all a scam.

As you say though, ignorance is no defence. In his case, unless he's very well connected (if you know what I mean ) I'd imagine he'll be more worried about answering questions from some of his local "affiliates" as to why he has, in the words of Joe Pesci "put (their) money to sleep".....

Whether he knew when he started to promote BB or not, we will never know, truly, though, he has to know now!

Yep, he has a family and wonder has he really thought about the implications on them. I guess there are different forms of victim.

Joe Pesci might also put this down to the ' madness of 'yut' ;)