Thread: Banners Broker HYIP ponzi scam

Banners Broker By Al Baker! Debunking The Scam
Posted on 23/02/2013

Banners Broker
Debunking The Scam

Banners Broker – Myth or Magic?

I had to write this.

I see so much commotion about Banners Broker that’s just uninformed noise, I had to speak up.

The so called “insiders,” who are not much more than bloggers with an opinion trying to rank for a keyword, need some actual facts.

I’ve been a full time professional affiliate of the company for a year now.

I’ve attended their major events (Click here for event review), met and interacted with the CEO, Chris Smith, the COO Raj and Lorenzo, their #3 man, hung out with their families – wives, kids the whole shot, so I feel I have some grounds to speak. I know there are some warts, but let’s be real here.

Even almighty Google started in a garage.(Banners Broker just bought a new building and staffed it with 100 new personnel

If any of these critics could speak with real knowledge of how it works we could do something constructive, but they just show that they really don’t understand the business model. It’s new and I am going to cover it thoroughly, so there are a few pages to read. Let’s get started!

So, what is Banners Broker?

Banners Broker is just what it says – a broker in the banner advertising field. A unique broker – unique in that no one else does what they do.

What’s a broker? The dictionary says: “a broker is a person who buys and sells goods or assets for others.”

Banners Broker “brokers” in a slightly different way than has been done before on line… here’s an overview:

There is a network of websites and advertising companies that comprise what is called the “Blind Network”(Click here for definition) (an Internet ad industry term).

Note, that I didn’t say – Banners Broker operates within a Blind Network.

They operate within T-H-E Blind Network.

The same Blind Network that thousands of advertisers and publishers already operate within.

The same Blind Network that successfully generates BILLIONS of Dollars of revenue every year.

This isn’t something invented by someone to trick you – it’s how the on-line advertising industry works – (so how can these so called “insiders” be inside anything but their own rear ends?)

…Sorry…

A comparative is magazine advertising.

If you want to put your ad on the front inside cover of Time Magazine, you’re gonna pay top dollar.

A front-page ad on the New York Times is a bit expensive and there’s just so many of those spaces available. In the television ad world it’s prime time or the Super Bowl.

Advertise there? Forget it.

It’s not cheap. Not the place for the small guy to get into the online ad world.

The Internet equivalent is having your banner ad on the top of Inc.com or Forbes.com or some other top tier site.

But what about the small business that wants to advertise online?

If you can’t afford Time Magazine, front cover inside and just want to advertise in the magazine, you would pay a lot less, but they’d put you where they felt it fit best.

You would not have control over where you were put in the publication.

 Imagine this situation on the Internet.

There are some 500 million websites on line, give or take a couple… There are a percentage that a) get enough traffic and b) want to make money hosting advertising on their site. They have space that they want to rent out.

This is part of the reason they’re on line in the first place – to make revenue from their website – any smart website owner knows that advertising is a potentially lucrative part of his income streams.

They go to a broker and if their site qualifies, they can then be a publisher.

All of this available advertising space is bid on the auction block and depending on the amount of visitors to a website, it will command a certain price – lower prices for lesser traffic sites – higher prices for higher traffic sites.

Google is an example…

Google has a program called AdSense that utilizes Google’s network and many, many website owners go to Google and apply to run AdSense advertisements on their websites to earn revenue.

Well, outside of Google, there is a network that is controlled by about 10 major brokers.

They bid website advertising space, they connect the ad space with the advertiser and they make that space make money. And there is lots of money in Internet advertising.

Some $37 or $38 Billion in 2011.

The Blind Network that Banners Broker uses is second tier – not front inside cover of Time Magazine or atop Forbes.com. Ads are placed wherever it’ll work best on smaller websites in the second tier network.

Banner ads are shifting entities that move from site to site, from eye to eye.

If you’ve ever noticed, somehow the Internet tracks your search behavior. If you’ve been searching for cameras and then go to website X that has banner ads, more than likely you will followed around by banners about cameras, camera accessories and the like.

But if your friend went to that same site, he’d get a different banner ad.

Banners are targeted to your demographics and search history. Different ads appear in the same space according to who is logged on from what computer.

So, if you wanted to flip through the entire network of sites, you could find the ad that merchant X placed with ad company Y somewhere amongst those trillion pages…

Banners Broker Product

So, How does Banners Broker fit in?

In 2010, owner and CEO, Chris Smith – an IT guy – had the idea to tap into this market in a unique way.

He approached those 10 blind network brokers with a proposition – to create a broker relationship that was unique, innovative… if the idea worked it could revolutionize the Internet ad world…

And?

They all said….“No.”

Except one. One of the medium sized brokers saw the potential and said, let’s try it. This was a concept in it’s infancy and guess what? It’s working.

No one on the outside has a clue, but it’s working.

Chris built the computer algorithm that would sell to individuals (Banners Broker affiliates), parcels of that advertising space, which then made money from real ads.

His vision was to create a pool of funding that could increase the amount of ad space bid for – i.e. grab a bigger share of the market, which that broker controlled, and thereby increase revenue.

The front line broker would then be invoiced by Banners Broker and pay them their part of that earned revenue. Banners Broker as part of its operating expenses would then pay its affiliates.

Banners Broker affiliates purchase the product of “advertising inventory,” from Banners Broker, which the front line broker connects to advertisers.

So the product of Banners Broker is: Advertising Impressions.

The end user – the advertiser, who never sees or hears of Banners Broker, gets ad space that hosts his advertising, and visitors to the various websites where that ad is displayed, see that ad.

There’s the product.

Sort of tough to see in a virtual word, but there it is.

Traffic

And there’s one other very little known trick in the system that makes it work.

In any business, traffic is a commodity. Brick and mortar businesses depend on people walking by the shop. Traffic is where the money is.

Traffic is why Times Square or other similar places in cities around the world are packed with very high priced advertising space.

Traffic = income.

Well, part of what makes Banners Broker work is that they are also partnered with Internet traffic companies – companies that for a fee, send real live visitors to the websites where the ads are.

So, when an affiliate purchases ad inventory, he also purchases the means to make that ad inventory create revenue – traffic.

The advertiser pays per view – so every time that ad is put on a web page, in front of a visitor, the advertiser pays the advertising company.

So, everybody gets what they need and want – real visitors, paying advertisers, a website that makes revenue for it’s owner…

My wife and I used to sell shoes in a mall in Erie Pa.

Canadians would come from across the NY/Canada border to Erie by the busload to shop because Erie had no sales tax… so, the city of Erie got smart and by setting up favorable conditions to bring traffic from Canada, got tour busses full of people, money in hand to their doorstep.

Smart use of traffic earns Erie, Pa. more revenue.

That’s how traffic works – people who come past your shop with money in hand ready to buy. That’s how Banners Broker does it.

All the ingredients are there to create a booming business model – an expanding advertising network, lots of affiliates who want a chance to get into the profitable game of internet advertising and the ability to drive of lots of traffic to round it all out.

So, everyone benefits. The broker has more leverage, the website owners make more consistent money and the smaller advertisers who can’t do Time Magazine front cover inside have a place to advertise that they can afford.

Banners Broker affiliates have a vehicle to create a business in the online advertising industry that just didn’t exist before.

Even the traffic company gets a piece of the action.

But “insiders” have never heard of Banners Broker ‘cuz the company doesn’t go to Internet advertising trade shows… Advertisers and publishers generally have never heard of them.

Why?

Because Banners Broker’s clients are their affiliates on one end and the front line broker on the other end, not ad agencies.

Banners Broker doesn’t touch advertisers in general – except their own growing list of advertising clients – which they feed into the overall blind network.

Banners Broker is a broker. Yes, they have an advertising platform of their own, but the overwhelming bulk of their revenue comes from the blind network. Banners Broker invoices the front line broker who pays them; Banners Broker then pays it’s affiliates then pockets it’s own profit.

But Isn’t Banners Broker Just Another Sleazy Ponzi Scheme?

What’s a ponzi scheme anyway? The dictionary defines a ponzi as:

Ponzi scheme |ˈpänzē| noun a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
ORIGIN named after Charles Ponzi (died 1949), who carried out such a fraud (1919–20).

Well, what about a pyramid?

The definition of a pyramid is:

A system of financial growth achieved by a small initial investment, with subsequent investments being funded by using unrealized profits as collateral. • short for pyramid scheme.

Banners Broker is neither.

A Banners Broker affiliate buys a product – ad inventory – blank advertising space on a website. He also buys traffic from a traffic broker and he also buys advertising impressions for his own use in advertising on the same blind network.

If he knows what he is doing, he gets that advertising inventory to work, utilizing traffic, creating revenue.

If he’s really saavy, he gets his own ad campaigns running promoting his own website and products. Affiliates can also sell advertising and publishing services that Banners Broker offers.

If he wisely shepherds his earnings he can increase his working ad inventory and thereby increase his revenue. If I pay $10 for a piece of ad inventory and make $20, that’s not some outrageous markup.

It costs me $2.50 in traffic to enable that $10’s worth of ad space to make $20. I then pay $10 for another piece of inventory, I pay for more traffic and I keep it rolling.

I don’t take my “profits” out until I have created cash flow in excess of what is required to continue my businesses growth… Just like any other business.

I just made $7.50 in 3-4 weeks off of that inventory. What’s so strange about that?

Hell, those shoes I sold in Erie cost me $19 from my wholesaler, but I sold them for $60 and they brought raving return customers. (And jewelry markups are way, way higher.)

If an affiliate learns and utilizes sales skills – just like any other businessman, he can make small sales commissions from bringing in other affiliates – and he earns free traffic called “sales credits.”

Remember the bad joke that “MLM” stands for Most Lose Money? Sadly, it’s true. I know first hand. I am a paid, successful Multilevel Marketing professional.

I know that of the almost 3,000 of my downline, very few make money, but those few that do work their tails off…. those few that do have developed sales, communication, leadership and mentoring skills to a high degree.

So the individual makes the model work or fails to make it work. It’s still all up to you in the end.

Is multi-level marketing a fraud?

No, not at all. It’s just that most who enter that field have no business running a business, so blame the business model when they need to look in the mirror.

They think someone is supposed to do the work for them and they sit back and make money. Doesn’t work like that in real business…

Remember Amway got shut down as a ponzi in some countries where the MLM business model was not well understood, yet they were the founder of a very unique, but legitimate business model in the 50s.

And Google, Apple and HP all started out in garages…

Remember young George Lucas? He approached Hollywood and they all said no.

Except one.

Chris Smith started Banners Broker with an idea, a computer program and one front line broker who could see the potential. In two years he has 265,000 affiliates and Banners Broker is growing like wildfire and starting to catch on.

Seeing this concept work, one of the original resounding “No” brokers – a big one – has now done a double take and reconsidered.

Banners Broker and that new broker are currently bridging their computer systems to do business.

Hollywood missed hits right under its nose.

Sometimes it takes a while for a unique model to gain acceptance…

But when they do, if they can survive in the jungle we call business; they can change their industry.

Al Baker

Contact

Email: mikechrissmith72@gmail.com
Skype: mike.smith1507
Mobile No: +44 7942 869580 Mike Smith
Mobile No: +44 7980 241592 Chris Smith
Office No: +44 203 6172148

Originally Posted by littleroundman

Gee, and here was I thinking it was a comment based on my own experiences and observations over many years.

Chris Smith is in Canada.

The fact Banners Broker / Stellar Point and or Mickey Mouse are not registered in Canada is incidental to that fact.

It could even be said that if the Canadian authorities did act today, they will have missed the boat.

Unlike Zeek Rewards, which had at least SOME money and assets when it was shut down, Banners Broker is already a dead ponzi

My comment was based on my experience, observation and research over many years.

The fact that BBI is not based in Canada is very instrumental to the fact. Canada has about the same authority to go after BBI in Belize as does the USA, UK, or any other country. Stellar Point, being an Ontario registered corporation is different, however all you can do with Raj is get him for promoting a Ponzi, same as any IC in the US, UK, Poland, etc. .

Canadian authorities could go after Mickey Mouse (should he commit a crime) as Disney has an office in Toronto and is incorporated as "Walt Disney Company Canada Ltd."

Originally Posted by Ken Roklin

all you can do with Raj is get him for promoting a Ponzi,

And that rationale, my fine argumentative friend, is EXACTLY why people such as Chris Smith can continue to do what they do with impunity.

It's a fraud, it's wirefraud, it's a conspiracy, it's money laundering on a large scale and they all participated IN CANADA and they are still there

There's no such bloody thing as "promoting a ponzi"

Please don't insult our intelligence with cockamamie theories.

With the resources behind them, if the Canadian government / authorities had the slightest inclination, they could and would nail Smith and Dixits' hides to the wall, along with those of every Canadian resident involved with the fraud

Ken, do You know for a fact that:

* there is any company such as BBI registered in Belize?
* that there is a single employee of this scam in Belize?
* that Chris or Raj ever crossed the border to Belize in their entire life ?


Please speak up, you aparently hiding some evidence nobody ever saw , if you insist that BBI is a Belize company.

If not , please shut up.

A scammer from within Canada tells you "I am not here, I am in another country" , how about psychic evaluation of that scammer ?, who the hell gives a **** ? it is not important to the case, you still thinking upon assumption that there is some company and if Canada gives a **** about it.

Scammers are personally responsible (and they all reside and operate in Canada), and nobody cares if they registerd some companies around the world, those companies can only be used as additional names on indictments or Cease and Desists orders in case someone will continue their scam after they been indicted personally.

Originally Posted by NikSam

Ken, again you with your nonsense. Canadian authorities are to blame because they do nothing against criminals (each located and operating out of Canada). .

How stupid of me. Of course Canada is to blame for the Ponzis headquartered offshore, the US, UK, Spain, Asia, Russia, etc. Canada does nothing against criminals. If you want to commit any crime just come to Canada, our police will help you with whatever crime you want to commit. Canadian courts don't exist, no need as criminals aren't charged.

FYI, there are many more Ponzis operating out of countries such as the US, Brazil, Asia and Europe than Canada. Look at all the HYIP's listed in the MMG forum and you will notice that none are based out of Canada. BOT, a BBI spinoff is registered in the US and what is being done to shut it down? If each country were to shut down the top Ponzi promoters then companies like BBI wouldn't exist.

Originally Posted by Ken Roklin

... Of course Canada is to blame for the Ponzis headquartered offshore..

Oh, do not be silly, they not headquartered offshore, they bought a stupid pice of paper online for $100 (and it was for Isle of Man, stop about belize). They are in Canada and no piece of paper which says otherwise can change it.
And jurisdiction of Canada might not even aknowledge that there is some company registration in some shithole - they do not have to.

Yes and it is Canadian fault, to be correct , fault of incompetent a-soles who work in your law enforcement agencies.
It is well known fact , that they even knowingly prefer not to investigate things. Need some kick in the nuts from some high official to do something.

Scammers well know that fact and there is more or about the same number of ponzis operating in Canada as in US, difference is in US they do get prosecuted, In canada they stay free.

All of that BB would not have happened at all, If your authorities put Raj to where he belongs long time ago for World Homes scam.

Originally Posted by NikSam

Ken, do You know for a fact that:

* there is any company such as BBI registered in Belize?
* that there is a single employee of this scam in Belize?
* that Chris or Raj ever crossed the border to Belize in their entire life ?


Please speak up, you aparently hiding some evidence nobody ever saw , if you insist that BBI is a Belize company.

If not , please shut up.

A scammer from within Canada tells you "I am not here, I am in another country" , how about psychic evaluation of that scammer ?, who the hell gives a **** ? it is not important to the case, you still thinking upon assumption that there is some company and if Canada gives a **** about it.

Scammers are personally responsible (and they all reside and operate in Canada), and nobody cares if they registerd some companies around the world, those companies can only be used as additional names on indictments or Cease and Desists orders in case someone will continue their scam after they been indicted personally.

Do you have proof that BBI isn't a company registered in either Isle of Man or Belize?
Do you have proof that there isn't a single employee in Belize either by BBI or Chris's other company "The Monetize Group" in Belize acting on behalf of BBI?
Did Chris or Raj ever go to Belize? Who cares? You don't have to go there to register a company offshore.

What kind of a stupid statement "Scammers are personally responsible (and they all reside and operate in Canada)," is that? Was Zeek a Canadian company? Was Madoff Canadian? Google "worlds biggest Ponzi operators" and you'll see that most are from the US.

Originally Posted by Ken Roklin

FYI, there are many more Ponzis operating out of countries such as the US, Brazil, Asia and Europe than Canada. Look at all the HYIP's listed in the MMG forum and you will notice that none are based out of Canada. BOT, a BBI spinoff is registered in the US and what is being done to shut it down? If each country were to shut down the top Ponzi promoters then companies like BBI wouldn't exist.

A weak Strawman argument if there ever was one.

We are talking about BANNERS BROKER which is based IN CANADA, boasts about the fact it is based IN CANADA, gives its' street address IN CANADA and whose main perpetrators are openly based IN CANADA.

We are NOT talking about any other HYIP ponzi.

We are NOT talking about HYIP ponzi on MMG or based in any other country than Canada.

We are not even talking about Nick Smirnows' Pathway 2 Prosperity Canadian based multi million dollar HYIP ponzi, mainly because the Canadian authorities were so slow to react the the squillion warnings they received, Smirnow escaped to the Philippines.

I'll say it again

If Canada had the slightest inclination or political will, Banners Broker would be shutdown and all those involved would be busted for fraud and money laundering at the very least.

"Do you have proof that BBI isn't a company registered in either Isle of Man or Belize?"
Do i Have to have a proof for that ?
Well, i Have a proof that there is a company registration in Isle of Man "BEDFORD LIMITED" which was re-sold to someone anonymous on 11/04/2012 and renamed to "BANNERS BROKER INTERNATIONAL LIMITED", and some more not public info on it.
Nothing in Belize
Do you have some proof that "The Monetize Group" registered in Belize and in fact linked any way to Chris ? - You telling about it, so proof is upon you.
And how you trying to fit some "Monetize group" into the picture? Who cares , Chris is in Canada, operated scam from Canada, why would we need to hunt all possible companies around the world where he might have some role and accuse those companies too ?
That part would be needed as a second step, to find where they been hiding money and not as a proof of guilt.

I tell you what exact proof i have on - That Raj, Kul and Chris publicly portrayed as operators of BB, a year and 2 ago, there was no mention of any Isle of Man, That Raj owned a company called "BannersBroker Limited" in Canada, that they said they are in Canada.
That Raj said they bought (and later leased) a building where BB will be operating from in Canada, that website had only Canadian address associated with BB at that time,that he invited people to visit BB at Carlow Ct, that later he became Stellar Point.
That BB Debit Cards till its discontinuation were mailed first with printed return address "BannersBroker limited, .... canadian address " and at last days return address stated "Banners Broker International, 5 carlow Ct. ..."
That if canadians send subpoenas to Payza and STP , they will see money transactions and relative account were registered by you know who (a canadian) and that all adminsitartive access to accounts were from canadian IPs (do i need to teach them how they can see who exactly used those IP) and more interesting things as money flow to some canadian banks from those accounts and huge chunks into couple offshore banks".
Or why wait at it, see all hosting contracts, for some reason registered to canadians, there is no record of this scam linked to some belize or Isle of Man company (only what scammers told you), but all paper trail shows only canadians and some Raj buddies in Nevada.
there is money trail to offshore companies, when they were hiding the loot - But sorry , it means nothing in eyes of law to establish guilt, only helps to trace the money, - you ve been scamed by your dear canadians.


I can name you more big Ponzis in Canada who went unpunished than you can name the biggest Ponzi busts in US.

Originally Posted by littleroundman

Banners Broker By Al Baker! Debunking The Scam
Posted on 23/02/2013

Banners Broker
Debunking The Scam

Banners Broker – Myth or Magic?

the new dooly brothers

Originally Posted by Ken Roklin

...
What kind of a stupid statement "Scammers are personally responsible (and they all reside and operate in Canada)," is that? Was Zeek a Canadian company? Was Madoff Canadian? Google "worlds biggest Ponzi operators" and you'll see that most are from the US.

In this thread we are talking primary about BB scammers, did i say all scammers of the world are in canada ? what stupid about it? if you want to talk about Zeek or Madoff, there are other threads. or Monetize Group (if you really can show it exists and that it is somehow related to BB otherwise stop repeating people telling you unverified info).

Originally Posted by littleroundman

A weak Strawman argument if there ever was one.

We are talking about BANNERS BROKER which is based IN CANADA, boasts about the fact it is based IN CANADA, gives its' street address IN CANADA and whose main perpetrators are openly based IN CANADA.

We are NOT talking about any other HYIP ponzi.

We are NOT talking about HYIP ponzi on MMG or based in any other country than Canada.

We are not even talking about Nick Smirnows' Pathway 2 Prosperity Canadian based multi million dollar HYIP ponzi, mainly because the Canadian authorities were so slow to react the the squillion warnings they received, Smirnow escaped to the Philippines.

I'll say it again

If Canada had the slightest inclination or political will, Banners Broker would be shutdown and all those involved would be busted for fraud and money laundering at the very least.

What you don't seem to understand is that before the Fraud division acts on an internet fraud, there have to be complaints by someone. That isn't happening. All the complaining is done amongst the affiliates themselves in forums and very few are doing anything about it other than that. Have you reported BBI to the RCMP? I doubt it. Kudos to the affiliate in Spain who is doing something about it other than complain in a forum. He is suing Simon in a court in the UK. He is going after a top promoter of the scam. How many are reporting the top promoters in the US of running a scam and have authorities shut them down? As far as I can tell they are still busy promoting BBI and the new scam BB Mobile. They are as guilty as Chris is. Stop the promoters and you stop Chris.

Re: "In Texas, pyramid schemes are against the law. They are considered a type of investment fraud. Many of these schemes are carried out over the internet and e-mail as scams. Texas law makes it a crime to create, prepare, advertise, sell, operate or promote a pyramid promotional scheme." I am sure this law is the same in every other state in the US.

Canada is no different than any other country when it comes to acting on a reported crime. BBI is only 3 years old. Madoff ran his scam for over 25 years before authorities acted on it. Talk about being slow to go after a scammer.

Top scams in the 21st century.

Haiti 1
Costa Rica 1
Malaysia 1
Australia 1
China 1
Philippines 2
Finland 1
UK 2
Tamil 1
Tunisia 1
Canada 1
USA 28

The fact that most of the ones prosecuted are in the US is good but it also shows that most of the scams originate and are run in the States. Scammers must feel pretty safe there or else why start one there.

Ken, complaints are not required to investigate and indict in Canada, a goverment regulator (AMF, FinTRAC, Competition Bureau, etc.. ) is free to investigate out of suspicion or on a tip and file a case in court against any scam(er) without complaints.
(I do not think RCMP can act on something complicated like that without a regulator decision, it is not clear to them if law is broken , all they can tell you go to court, perhaps they contact a prosecutor who in turn has still ask regulator or might act himself )

The regulators are lazy idiots, even if you bring them a case on a tray, they will just hide it somewhere to not to do any work, they only act when someone from the top starts screaming at them.

The fact they not performing their duties and it almost never ever happened, says a lot. They only trying to act (if even trying) when it is too late, complaints in most cases means a criminal is long gone.
Also agencies slicing duties across provinces and different local laws in provinces hurt the whole system more.

Lawmakers , just for fun, passed a new corporate law which gives more secrecy to canada formed companies. WTF ? is whole government there scammers or bribed or idiots ?


PS: oh, Yeah, if You believe Chris and Raj words, BB is not operating in US and no US "affiliates" are accepted :) more than that, you cannot even pick "US" as your country during registration.

Originally Posted by Ken Roklin

Have you reported BBI to the RCMP?I doubt it

How the he** would you know who or how many have reported what to whom ???

Originally Posted by Ken Roklin

What you don't seem to understand is that before the Fraud division acts on an internet fraud, there have to be complaints by someone

And that is the sort of petty bureaucratic nonsense observers have come to expect from apologists for a system so paralysed by regulation and internecine rivalry.

Originally Posted by Ken Roklin

How stupid of me. Of course Canada is to blame for the Ponzis headquartered offshore, the US, UK, Spain, Asia, Russia, etc. Canada does nothing against criminals. If you want to commit any crime just come to Canada, our police will help you with whatever crime you want to commit. Canadian courts don't exist, no need as criminals aren't charged.

Yes Ken Canada seems to be light on criminals IMO just as the US are to heavy on them. But with respect I think you are missing the point. The point is
What laws were broken? - in whatever juristiction.
What legal entity broke them - a company/individual etc.
If a company broke the law does it have any assets ? If not then who owns the company ( limited liability only protects legal buisiness not criminal "business" ) or was directing the operation?

FYI, there are many more Ponzis operating out of countries such as the US, Brazil, Asia and Europe than Canada. Look at all the HYIP's listed in the MMG forum and you will notice that none are based out of Canada.

Again, so what? We are concerned here with individuals or the companies they control or own which ARE based in Canada! WHY? Because Hooker, Dixit, Smith etc. all happen to be in that jurisdiction. If they were in the UK e.g. like Stepsys is then that is where you might act.

BOT, a BBI spinoff is registered in the US and what is being done to shut it down? If each country were to shut down the top Ponzi promoters then companies like BBI wouldn't exist.

Indeed and Im sure things ( actually I know for a fact) that things are being done to enquire into and act on these but

1. They aren't in Canada wher Dixit et.al. are!
2. They aren't BB ~ though they may be related to people in BB. so they don't go into this discussion but into another thread e.g. the one on Bank on Traffic.

Originally Posted by Ken Roklin

What you don't seem to understand is that before the Fraud division acts on an internet fraud, there have to be complaints by someone. That isn't happening.

With respect Ken you dont know that nor do you represent the fraud squad. It is quite possible fraud is being investigate in several jurisdictions. But again so what? Dixit and his companies are in Canada and that is what we are discussing.

All the complaining is done amongst the affiliates themselves in forums and very few are doing anything about it other than that. Have you reported BBI to the RCMP? I doubt it.

Again Ken Look up "argument from ignorance" You cant base your argument of what you believe people have not done because you just don't know.

Kudos to the affiliate in Spain who is doing something about it other than complain in a forum. He is suing Simon in a court in the UK. He is going after a top promoter of the scam. How many are reporting the top promoters in the US of running a scam and have authorities shut them down?

Again the UK court case is nothing DIRECTLY to do with a different person involved with the same fraud in Canada.

As far as I can tell they are still busy promoting BBI and the new scam BB Mobile. They are as guilty as Chris is. Stop the promoters and you stop Chris.

Angain I do not disagree with that point but so what? It hads nothing to do with a canadian case.

Re: "In Texas, pyramid schemes are against the law. They are considered a type of investment fraud. Many of these schemes are carried out over the internet and e-mail as scams. Texas law makes it a crime to create, prepare, advertise, sell, operate or promote a pyramid promotional scheme." I am sure this law is the same in every other state in the US.

Again this is argument from ignorance. All US states have different laws. In Texas for example they dont have income tax and have lax gun laws.

Canada is no different than any other country when it comes to acting on a reported crime.

Again argument from ignorance. All countries are NOT the same otherwise ther would be a world government police force and court.

BBI is only 3 years old. Madoff ran his scam for over 25 years before authorities acted on it. Talk about being slow to go after a scammer.

The fact that most of the ones prosecuted are in the US is good but it also shows that most of the scams originate and are run in the States. Scammers must feel pretty safe there or else why start one there.

Agaion the US probably invaded more countried in the 20th century than anyone else but so what? Nothing to do with the topic.

Originally Posted by NikSam

Ken, complaints are not required to investigate and indict in Canada, a goverment regulator (AMF, FinTRAC, Competition Bureau, etc.. ) is free to investigate out of suspicion or on a tip and file a case in court against any scam(er) without complaints.
(I do not think RCMP can act on something complicated like that without a regulator decision, it is not clear to them if law is broken , all they can tell you go to court, perhaps they contact a prosecutor who in turn has still ask regulator or might act himself )

The regulators are lazy idiots, even if you bring them a case on a tray, they will just hide it somewhere to not to do any work, they only act when someone from the top starts screaming at them.

The fact they not performing their duties and it almost never ever happened, says a lot. They only trying to act (if even trying) when it is too late, complaints in most cases means a criminal is long gone.
Also agencies slicing duties across provinces and different local laws in provinces hurt the whole system more.

Lawmakers , just for fun, passed a new corporate law which gives more secrecy to canada formed companies. WTF ? is whole government there scammers or bribed or idiots ?


PS: oh, Yeah, if You believe Chris and Raj words, BB is not operating in US and no US "affiliates" are accepted :) more than that, you cannot even pick "US" as your country during registration.

FYI anyone that has been a victim of a scam operating in Canada can go to the RCMP website and they will point you to the appropriate link to report a fraud. Contrary to what you believe the RCMP does investigate a reported crime and based on what the crime is will send it to the appropriate authorities, i.e. The OSC if it involves securities/investments.

"complaints are not required to investigate and indict in Canada". No authorities are going to go on a hunt looking for companies and people who may run a scam. So yes, someone must report the fraud/scam somewhere before the appropriate authorities will take action.

"The regulators are lazy idiots, even if you bring them a case on a tray, they will just hide it somewhere to not to do any work, they only act when someone from the top starts screaming at them." And you know this for a fact how?

"Lawmakers , just for fun, passed a new corporate law which gives more secrecy to canada formed companies. WTF ? is whole government there scammers or bribed or idiots ?" What law is that?

And yes, the Canadian government is nothing but scammers and bribed idiots. It is modeled after the US government.

Did The Guardian Uno get banned from MMG?

WTF???

Originally Posted by Ken Roklin

FYI anyone that has been a victim of a scam operating in Canada can go to the RCMP website and they will point you to the appropriate link to report a fraud. Contrary to what you believe the RCMP does investigate a reported crime and based on what the crime is will send it to the appropriate authorities, i.e. The OSC if it involves securities/investments.

Ok, RCMP can act if you were robbed at gunpoint. But if you yourself in clear mind sent money to someone and it is promoted not as any investment, not as for some goods or services, but rather business, so you joined some business which screwed you, RCMP can do nothing about that, only advise you to go to court.
Or complain to a regulator who oversees that type of activity. And they can offer you to file a police report, which will be immediately thrown somewhere in warehouse and forgotten. Let assume RCMP get thousands of those victims, well they will probably start annoying a regulator themselves or go to prosecutor to figure out what to do.

Originally Posted by Ken Roklin

No authorities are going to go on a hunt looking for companies and people who may run a scam. So yes, someone must report the fraud/scam somewhere before the appropriate authorities will take action.

You absolutely wrong. crime conducted regardless if victims come forward or not and the duty of a regulator (or law enforcement if the crime falls in their bounds) to detect and investigate crime in their sphere of activity.
In this picture a regulator acts as complainer/victim/plaintiff
Inactivity and Incompetence of your regulators might be affecting your perception of what they are for.

Originally Posted by Ken Roklin

"The regulators are lazy idiots...." And you know this for a fact how?

Ken, i know for a fact that they would do anything but not their duties, have personal experiences how RCMP and AMF were totally ignorant and delayed the case for years, hopefully will actually act on it in near future, even that it might be late now.
In past , had same experience as well. And know for a fact that Canada gave a refuge status to several people from Russia even after evidence of their criminal activity was produced.

Originally Posted by Ken Roklin

What law is that?

Canada Business Corporations Act (amended in 2011) - Canada Business Corporations Act

Originally Posted by Ken Roklin

And yes, the Canadian government is nothing but scammers and bribed idiots. It is modeled after the US government.

Go deeper, British, or British Common pirates law :)
The problem is not after whom it is modeled as if the people in charge perfoming their duties and how. UK and US in that perspective is something you should look up to.


PS: while UK and US fighting corporate secrecy onshore and offshore, Canada want to attract criminals (just as banana islands)
http://www.globalwitness.org/library...porate-secrecy.
http://business.financialpost.com/20...ell-companies/
http://www.cbc.ca/news/canada/ex-rev...hore-1.1875481

And i do not have to explain you how US law enforcement and regulators hate state level offshores such as Delaware and Nevada and Utah states.

While whole world joining a war on offshores, Canada seems clueless or want to be an offshore.

Originally Posted by scamassassin007

Did The Guardian Uno get banned from MMG?

WTF???

Trying to tell the truth on the MMG HYIP ponzi forum ???

Tch, tch, what was he thinking ??

Ken, you continually keep avoiding the central issue while simultaneously proving the point that began this discussion.

* Banners Broker is a large scale CRIMINAL fraud and international money laundering operation

* Forget about the administrative / civil regulation side of things. These guys are criminals and Banners Broker is first and foremost a multi million dollar criminal conspiracy

Imagine the scenario down at RCMP headquarters : "Yes, sarge, we know they've ripped off a couple of hundred million and boasted about it all over the information highway, but no one has complained yet, so what can we do ?"

By proposing the idea Canadian authorities cannot or will not act without complaints, you are only furthering the argument that Canada is a haven for fraud and fraudsters.

* If you are you seriously suggesting that due to it's own bureaucratic regulations a multi million dollar fraud can operate with impunity from Canada until someone complains, then you have proven not your own point, but that of those who made the original observation under discussion.

* If, as it appears, you are further proposing Canadian authorities cannot act because of where Banners Broker may or may not be incorporated or registered, you have just provided criminals worldwide with the perfect solution to their main problem.
Register in Belize, operate from Canada and, if no one complains, you're set for life.

I don't think so

* Canada is signator to, and bound by, the same international anti fraud and anti money laundering treaties and agreements as are most nations.

Bureaucracy or no bureaucracy, do YOU know what the hundreds of millions of dollars generated by the Banners Broker fraud is financing or where it will end up ??

If there are "reasons" valid or otherwise why Canada cannot or will not act in such cases, fine, but PLEASE don't come here and pretend it's not happening

Originally Posted by scamassassin007

Did The Guardian Uno get banned from MMG?

WTF???

I had 1/2 dozen plus user names banned on MMG.
EVERYTIME it was for negative comment (really just saying it was a ponzi) vs someone who had an expansive banner on the site.
Each time it turned out be horrible ponzi, many lost $$$$$.

Eventually I had it out with the owner. She banned my IP.

Originally Posted by Fat City, LA

I had 1/2 dozen plus user names banned on MMG.
EVERYTIME it was for negative comment (really just saying it was a ponzi) vs someone who had an expansive banner on the site.
Each time it turned out be horrible ponzi, many lost $$$$$.

Eventually I had it out with the owner. She banned my IP.

Well... I liked TGU

He always backed up his posts with facts and I loved his investigative talents. Especially with all the fraudsters in the UK.

I hope to see him back in action soon.


I have a message for MMG:

I am sure that TGU will be welcome here :)

Seems the BB thread on MMG is also closed (but that could just be me misinterpreting stuff). TGU must have been treading on too many toes, corns and bunions!

Originally Posted by AshKen1

I am sure that TGU will be welcome here :)

Seems the BB thread on MMG is also closed (but that could just be me misinterpreting stuff). TGU must have been treading on too many toes, corns and bunions!

The only thing I like (used to like) about MMG is thre google searches for the categories.
I could never see why people would pay their fees for advertising with such a small number of hits.
MMG chooses to be a friend of the scammers rather than a FREE voice of a blog or forum.

Another Example:
The Scammers seem to get away with murder online.
Dan Dare had his video removed from youtube. (Now On Daily Motions) because Mark Ghobril cried to youtube.
Now he cried to daily motion.


Poor Mark Ghobril was being a crybaby!


Good thing I found a copy on VideoBam. Please pass it on.
NEW--->

http://videobam.com/jEzfl
Funny how it is showing up everywhere.

It seems ok to lie, cheat, and steel.
Gypsys Tramps And Thieves
https://www.youtube.com/watch?v=TOSZwEwl_1Q