Thread: Banners Broker HYIP ponzi scam

interesting. from Mr Millard's FB page - maybe Rowland for the hall of fame? - he must have thousands in his downline. start of murmurings in Derbyshire methinks.

Ian Morey Hi Rowland anymore news on the latest developments to Banners Broker? Still waiting for monies? Regards
Saturday at 7:52pm via mobile · Like

Roland Millward New processor still a few months away. I recommend you watch the recorded Friday webinars for updates.
Yesterday at 1:03pm · Like

The answer :

Dear Mr. Mundorf:

Thank you for contacting the U. S. Securities and Exchange Commission regarding your concerns about Bannersbroker.com.

If you would like to submit additional detailed specific information regarding Bannersbroker.com we would appreciate the opportunity to review your concerns in more detail. Please, review our brochure on how the SEC handles investor complaints: How the SEC Handles Your Complaint. You can file a complaint directly online from our home page, U.S. Securities and Exchange Commission | Homepage, using the links on the right side of our website.

If you would like to report information about a possible violation of the federal securities laws, please feel free to submit the details via the Commission’s Tip, Complaint or Referral Portal: https://denebleo.sec.gov/TCRExternal/index.xhtml

The SEC’s Office of Investor Education and Advocacy (OIEA) processes many comments from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some correspondence received by OIEA is referred directly to other SEC offices and divisions for their review. If they have any questions or wish to respond directly to your comments, they will contact you.

I hope this information proves helpful to you. If you have any questions, please contact me.

Sincerely,


Attorney
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
U.S. Securities and Exchange Commission | Homepage

Originally Posted by kiwichick

I want everyone to know that it's no secret that sales of ads and what's purchased inside the packages are lower now.

Hang on a minute 'Chris' I thought Terry told us all categorically that bb were NOT an advertising business??????? please explain

He lied, but we should have known it as he was typing.

Originally Posted by wakeupandsmelltheroses

interesting. from Mr Millard's FB page - maybe Rowland for the hall of fame? - he must have thousands in his downline. start of murmurings in Derbyshire methinks.

Ian Morey Hi Rowland anymore news on the latest developments to Banners Broker? Still waiting for monies? Regards
Saturday at 7:52pm via mobile · Like

Roland Millward New processor still a few months away. I recommend you watch the recorded Friday webinars for updates.
Yesterday at 1:03pm · Like

Let me translate Roland's reply for you

"New processor still a few months away. I recommend you watch the recorded Friday webinars for updates"

What Roland really wanted to say Oh **** OFF IAN leave me alone. Banners Broker is so over.

http://www.realscam.com/f8/banners-b...html#post55464

Meanwhile they still exist but didn't file accounts - seems Raj may have learned this trick from Chris?
so I take it back - they do have experience - in fraud scams and/or dodgy dealings.

https://www.ic.gc.ca/app/scr/cc/Corp...rlCrpSrch.html

Federal Corporation Information - 6215891
Directors
GREGORY PAPPAS
Status of Annual Filings

2013 - Overdue
2012 - Overdue
2011 - Filed

Corporate History
Corporate Name History

2004-04-01 to Present
IMAGIN DIAGNOSTIC CENTRES, INC.

Certificates and Filings

Certificate of Continuance
2004-04-01
Previous jurisdiction: Ontario

Registered Office Address
Care of: Administrative Office
125-720 King St. W.#309
TORONTO ON M5V 3S5
Canada

Originally Posted by HARRISON

This has probably been commented on before (sorry if it has) but I have just read it and pulled out this bit:

1. By Notice of Hearing dated January 15, 2009, the Ontario Securities Commission (the “Commission”) announced that it proposed to hold a hearing to consider whether, pursuant to section 127 of the Securities Act, R.S.O. 1990, c. S.5 (the “Act”), it is in the public interest for the Commission to make certain orders in respect of Christopher Smith (the “Respondent”).
PART VI - TERMS OF SETTLEMENT



(b) The Respondent is prohibited for five years from becoming or acting as a director or officer of any issuer, registrant or investment fund manager.

(c) The Respondent is prohibited for five years from becoming or acting as a registrant.




So, Chris. Your not a director of an Investment? Scumbag it is then...

Now this is something I do not understand quite,I am not a legal expert so I might be wrong but if Chris is prohibited for 5 years from acting as registrant till 2014 ,isn't it the case where he should and could be processed without any further investigation?... for breaching the prohibition status??...am I wrong or authorities could act here right now with clear arguments??

Originally Posted by Mundorf

Now this is something I do not understand quite,I am not a legal expert so I might be wrong but if Chris is prohibited for 5 years from acting as registrant till 2014 ,isn't it the case where he should and could be processed without any further investigation?... for breaching the prohibition status??...am I wrong or authorities could act here right now with clear arguments??

Chris Smith, is a common name, (Which is probably why Raj picked it) and remember "Chris Smith" morphed into a black man in the first years..go to .. Banners Broker Scam Update « Finch Sells .. and scroll down a bit till you get to the photo of "Chris" then scroll a little more, and presto he is a blackman .. ha ha ha ha ha..so the odds are that there is no real "Chris"..

Originally Posted by Mundorf

Now this is something I do not understand quite,I am not a legal expert so I might be wrong but if Chris is prohibited for 5 years from acting as registrant till 2014 ,isn't it the case where he should and could be processed without any further investigation?... for breaching the prohibition status??...am I wrong or authorities could act here right now with clear arguments??

Simple, answer:

"Chris Smith" will claim he's in the advertising business and has not acted as "a director or officer of any issuer, registrant or investment fund manager"

IOW, he is prevented from operating as an officer of an Investment Fund not as a a company director.

Right,it was to good to be possible.It seems that law can not be accurate as much as the crooks can be clever....good thing is they tend to overestimate their limits

Originally Posted by littleroundman

Simple, answer:

"Chris Smith" will claim he's in the advertising business and has not acted as "a director or officer of any issuer, registrant or investment fund manager"

IOW, he is prevented from operating as an officer of an Investment Fund not as a a company director.

You are right. He was convicted of selling securities without a license and that is why he is barred from the owner/sales of Investment Fund securities. He is not selling securities, didn't register BB in Canada as an Investment Fund and certainly isn't selling BB shares. He is merely running a Ponzi scheme and that will catch up with him shortly. Don't forget, the Ontario Securities Commission is conducting an investigation as we post and his record with them will certainly not help him.

Right then...but if the Ponzi scheme is translated as investments victims do or did and were paid from this deposits,funds,then Chris will have both on neck - Ponzi scheme and breaching prohibition status...we have here fraudelant investments but they are still investments and fund is still fund

Originally Posted by Mundorf

Right then...but if the Ponzi scheme is translated as investments victims do or did and were paid from this deposits,funds,then Chris will have both on neck - Ponzi scheme and breaching prohibition status...we have here fraudelant investments but they are still investments and fund is still fund

With Imagin Chris and his staff were selling stock (not a product) without having registered it with the OSC. The OSC has to make a decision to see if BB is selling a product or investments. He is not prohibited from owning a company and selling a product. The affiliates may consider their purchase into BB an investment but BB will claim it is not - it is selling a product (ad space, traffic) to affiliates and sharing the profit with them. I am sure the OSC had a lot to do with BB trying to be "compliant" all of a sudden. Too little too late.

Originally Posted by Ken Roklin

With Imagin Chris and his staff were selling stock (not a product) without having registered it with the OSC. The OSC has to make a decision to see if BB is selling a product or investments. He is not prohibited from owning a company and selling a product. The affiliates may consider their purchase into BB an investment but BB will claim it is not - it is selling a product (ad space, traffic) to affiliates and sharing the profit with them. I am sure the OSC had a lot to do with BB trying to be "compliant" all of a sudden. Too little too late.

You right about that...sorry if I was not clear enough...in the case Chris would be processed and sentenced as a Ponzi organizer,he would probably be accused for violating prohibition period..just my thinkings..ok...yes I know BB claims whatever to hide the core of the fraud but wouldn't be possible for investigators to scan all scripts and softwares BB website usses and doing so,to realize the money paths and ways?...I mean..when a member pays for "ad space",this money will not make the way BB claims it does...my question is...is possible to find egzactly where the money did land and then from where was send back (in the case of payment) to member as "earned" money?

Originally Posted by Beacon

Would that not put you under the
Banners Broker Caribbean, computer guy Michael Amann?

You could try him as he is currently still pimping BB but I doubt you will get a penny out of him.

It appears Michael is NOT the Caribbean IC and is just an affiliate who did some work for BB for no pay.

Originally Posted by littleroundman

Simple, answer:

"Chris Smith" will claim he's in the advertising business and has not acted as "a director or officer of any issuer, registrant or investment fund manager"

IOW, he is prevented from operating as an officer of an Investment Fund not as a a company director.

It appears Chris Smith does exist as he is quoted in the SEC judgement.

He isn't a shareholder or director in any Banners Broker company.

OSC | OSC Proceedings - Before the Commission

[33] With respect to Smith:

(a) It is hereby ordered, pursuant to section 127 of the Act, that:

i. The Settlement Agreement dated January 15, 2009, between Staff of the Commission and Christopher Smith is approved;

ii. The Respondent is prohibited for five years from becoming or acting as a director or officer of any issuer, registrant or investment fund manager commencing on the date of this order; and,

iii. The Respondent is prohibited for five years from becoming or acting as a registrant commencing on the date of this order.

[end quote]

This is no doubt a reason BB Canada stresses BB was not an "investment" programme.

https://www.osc.gov.on.ca/documents/...115_smithc.pdf

1.
The Settlement Agreement dated January 15, 2009, between Staff of the Commission and
Christopher Smith is approved;
2.
The Respondent is prohibited for ten years from
becoming or acting as a director or officer
of any issuer, registrant or
investment fund manager;
3.
The Respondent is prohibited for ***ten years ***fr
om becoming or acting as a registrant; and,

4.
The Respondent is to pay an administrati
ve penalty of $15,000 to be allocated under
s.3.4(2)(b) of the Act to or for
the benefit of third parties.

Originally Posted by Beacon

It appears Chris Smith does exist as he is quoted in the SEC judgement.

He isn't a shareholder or director in any Banners Broker company.

OSC | OSC Proceedings - Before the Commission

[33] With respect to Smith:

(a) It is hereby ordered, pursuant to section 127 of the Act, that:

i. The Settlement Agreement dated January 15, 2009, between Staff of the Commission and Christopher Smith is approved;

ii. The Respondent is prohibited for five years from becoming or acting as a director or officer of any issuer, registrant or investment fund manager commencing on the date of this order; and,

iii. The Respondent is prohibited for five years from becoming or acting as a registrant commencing on the date of this order.

[end quote]

This is no doubt a reason BB Canada stresses BB was not an "investment" programme.

https://www.osc.gov.on.ca/documents/...115_smithc.pdf

1.
The Settlement Agreement dated January 15, 2009, between Staff of the Commission and
Christopher Smith is approved;
2.
The Respondent is prohibited for ten years from
becoming or acting as a director or officer
of any issuer, registrant or
investment fund manager;
3.
The Respondent is prohibited for ***ten years ***fr
om becoming or acting as a registrant; and,

4.
The Respondent is to pay an administrati
ve penalty of $15,000 to be allocated under
s.3.4(2)(b) of the Act to or for
the benefit of third parties.

There is absolutely no proof that "Chris Smith" is the Chris Smith....FGS stop jumping on the hope..I can see how BB got people here to believe ...

Originally Posted by Arthur Foxache

There is absolutely no proof that "Chris Smith" is the Chris Smith....FGS stop jumping on the hope..I can see how BB got people here to believe ...

Indeed, Raj picked a good name to use.

.

Screen Shot 2013-06-04 at 20.22.49.jpg

From Banners Broker Norway...don't worry. Sandra speaks, VERY, slowly, so, you, can, understand, her.

www.arcticmediaexpo.com

Originally Posted by Arthur Foxache

There is absolutely no proof that "Chris Smith" is the Chris Smith....FGS stop jumping on the hope..I can see how BB got people here to believe ...

Im not jumping on the hope. "The computer guy" Michael Amman a Banners Broker affiliate for Banners Broker Caribbean posted on Linkedin that it is the same Chris Smith and stated that Chris Smith has been totally open about this in the past.

http://www.osc.gov.on.ca/documents/e...831_imagin.pdf

[22] (e)
(e) any act, advertisement, solicitation, conduct or negotiation directly or indirectly in furtherance of any of the foregoing

Security Definition
Something given to ensure the payment of a loan. ...
"(S)ecurity ... would normally be expected to relate to a pledge to guarantee fulfillment of some type of obligation."

Now it seems to me BB offer people panels and in exchange people offer to pay them both for panels and to pay subscriptions to the BB "system"
Chris Smith may well be trading securities?

See also [25]
Other examples of ac
tivities that have been considered acts
in furtherance of trades by the Commission include, but are not limited to:
(a) providing potential investors with subscription agreements to execute;
(b) distributing promotional materials concerning potential
investments;
(c) issuing and signing share certificates;
(d) preparing and disseminating of materials describing investment
(e) preparing and disseminating of forms of agreements for signature
by investors;
(f) conducting information sessions with groups of investors; and
(g)meeting with individual investors. programs

[134]
In subsection 1(1) of the Act, a “director” is defined as “a director of a company
or an individual performing a similar function or occupying a similar position for any
person” and an “officer” is defined as:
(a) a chair or vice-chair of the board of directors, a chief executive
officer, a chief operating officer, a chief financial officer, a
president, a vice-president, a secretary, an assistant secretary, a
treasurer, an assistant treasurer and a general manager,
(b) every individual who is designated as an officer under a by-law or
similar authority of the registrant or issuer, and
(c) every individual who performs functions similar to those normally
performed by an individual referred to in clause (a) or (b).


Now, Banners Broker Prepaid Card Announcement - Business is still growing based on vision and innovation! - YouTube
says CEO of Vector cards with Chris Smith CEO of Banners Broker

There are a plethora of references to Chris Smith as a Director or Executive of Banners Broker.


30
[135]
A de facto director has been characterized by the case law as “one who
intermeddles and who assumes office without going through the legal formalities of
appointment” (Canadian Aero Service Ltd. v. O’Malley
(1969), 61 C.P.R. 1 (Ont. H.C.)).

Originally Posted by HARRISON

And this one:

Attachment 4176

...with his latest 'I've lost 11lbs in eleven days bollocks scam

That's nothing, plenty in BB could post "I've lost £5000 in eleven days"

http://forums.whirlpool.net.au/archive/1957374
Christopher Smith | LinkedIn

Seems this IS a different Chris Smith! So why was Michael Amman saying it is the same Chris Smith?

Latest tweets from BB on twitter......people are not happy........

BB 4th June.jpg


BB 2 4th June.jpg

"I like Money" "Will get profit for sure" "money for doing nothing" "WOW it is awesome"

Just to clarify, the Chris Smith mentioned in the 2009 case was proven NOT to be 'Chris Smith' of BB infamy.
It was raised and discarded on Whirlpool, as well as on here (somewhere way back).

Originally Posted by Joe_Shmoe

"I like Money" "Will get profit for sure" "money for doing nothing" "WOW it is awesome"

The video should end right on the begining...Oh dear,we have spent a fortune for all your failing project already