Thread: Banners Broker HYIP ponzi scam

Originally Posted by Brenda

The Canadian authorities are very aware, I know that for a fact. BB's days have been numbered for too many days now. It really is time now for the alleged naysayers, scammed and pesky affiliates to be officially vindicated, there is no excuse for any inaction, this circus needs to be stopped! I truly don;t know what more can be officially done to bring this to a speedy conclusion?

Brenda, you said it best.
People can complain and lay down while the BB Bus runs them over or they can step up and take action.

There have been many post telling people where to go to take action.

For those that lost money, why not add your name to the receivers list and fill out the attorney form?
What do you have to lose?

I think part of the problem is fear of ruining friendships, some did not pay their taxes, other may not want to be investigated themselves.
Many will never go to the authorities. Many more have simply written BB off long ago. It is not worth the hassle to them.

For those who complain. Please take action.

Not by Pitchfork, but perhaps by phone. email, or a pen.

I would ask NikSam... What would he have the affiliates do? Just sit there and be angry?
Non of us like what BB has done. Who else would like to speak up with solutions to move forward?

Oh.. And here is another personal jab at Mr. Chris Smith:


Too Negative Chris?

For those who complained, start calling phones and demand a status update and what is being done. You have every right to know how your case is being treated.
For those who did not, please do complain.

Nothing is gonna change till agencies feel their ass is on the line.

Journalists are your friends. reach out tell your story.

BTW, what is an update with the Canadian TV news ?

This reporter is investigating Banners Broker and needs YOUR help.
PLEASE contact him with your stories of BB:

Sean O'Shea

Consumer Investigative Reporter

Global TV News Canada

+1 416 446 5467 direct office

sos@globalnews.ca

Originally Posted by NikSam

For those who complained, start calling phones and demand a status update and what is being done. You have every right to know how your case is being treated.
For those who did not, please do complain.

Nothing is gonna change till agencies feel their ass is on the line.

Ok.. Now we are talking!

Banners Broker Karaoke
For The "POSITIVE BBers"

Originally Posted by Joe_Shmoe

.... On a side not by the way, is everybody aware that the word gullible is due to be removed from the Oxford English dictionary next year?

Yea, heard about it, and there will be fines if you continue to use it.

This is going to be interesting if it comes to fruition

Liquidation proceedings against a company with no assets, physical presence or staff, which was registered and incorporated through a third party agency in the Seychelles, with a virtual office in Belize, whose principals appear to be based in Canada, and whose deposits are largely through untraceable transactions from deliberately anonymous depositors through unregistered, untraceable payment processors which are themselves based who knows where.

Yep, interesting, indeed.

Here are the details of yesterday's hearing,claimant Ian Driscoll! Isle of Man Courts of Justice - Court Listings
See High Court Civil Chancery and Ordinary Procedures PDF.http://www.gov.im/lib/docs/courtserv...s/chancery.pdf

Originally Posted by scamassassin007

BREAKING NEWS:

We have been looking into the legitimacy of this for a few hours now before posting.

There is a hearing in the Isle of Man, 24th February to put Banners Broker International into liquidation.
Dan Dare Has spoken by phone to the registered insolvency company involved and this is 100% genuine.

Here is a document involved:
Here is the Letter to Liquidator that everyone should download, print and post, or fill in and email. The contact details are inside.



Actual Copy: http://www25.zippyshare.com/v/25183853/file.html

FYI: DR&P also does forensic accounting

Stay Tuned.

More to follow up on.

The Regular Posters on here can get with me in private for questions.

I strongly suggest that anyone getting this replies to it. In any insolvency the directors always want to appoint any liquidator/administrator as they can expect a certain amount of friendliness. These people are aware of the question of legitimacy and by law have to report any suspicions of wrongdoing to the authorities. This is an opportunity to get someone who may be listened to on board.

Isle of Man court listings.pdf

Originally Posted by ribshaw

If I may make a humble suggestion. Have her get out of the one recruits - another recruits - another recruits another and considering that a "business". She says in her video she did not know what a Pozni scheme was when she first came on line, it is apparent still does not know. Ditto for pyramid schemes. If she is not able to discern scams AHEAD of time, she is not qualified to be promoting herself as some business guru.

The reason things like Rippln and Banners Broker get called scams, is they are scams. Perhaps the question she should have been asking is why was this so obvious from the get go to a few "naysayers".

I buy that anyone can get roped into one or two bad deals, but 5, and all recruiting based, come on.

I am pretty sure that had she been one of the ones to get paid regularly she would still be promoting the company. That seems to be the mentality of most people who are in one of these HYIP's/pyramid/ponzi schemes. They all believe that as long as the company pays it's a great company and legit and don't want to hear anything negative about the company, but as soon as they stop paying it's a scam. They don't seem to get the fact that it was a scam to begin with as chances of getting paid are better if the company was legit and run by actual business professionals instead of serial scammers.

Originally Posted by NikSam

Who the hell is Targus Investments Limited ?
which jurisdiction that company is from ? not from IOM or UK for sure.


PS: Oh i see, Seychelles.

Now it is gonna be intersting, scammers suing scammers :)

Targus Investments Limited Company Report

Targus is owned by Chris Smith. As posted over on MMG:

It appears that Banners Broker International Limited (“the Company”) is not only registered on the Isle of Man and Belize.

Christopher Smith is also sole Director

Its sole shareholder is shown as:-

Targus Holdings Limited
303 Aarti Chambers
Victoria
Mahe
Seychelles

The current sole director of the Company is:-

Christopher SMITH
250 Jarvis St, suite 503
Toronto
Ontario
Canada M5B 2L2

It appears Chris is using another offshore company to liquidate BBI. That is probably why he made BBmobile a separate company. Close one down and continue scamming with another one.

From Office Of The Law Firm:

Please ask them about Targus:

[Paste] Mr (Removed )

Thank you for your e-mail

I can confirm that the letter is genuine. There is a hearing scheduled in the Isle of Man for 26 February 2014 to wind up BBIL. Please note that Paul Appleton (not Paul Cooper), the Managing Partner of our firm is the Licensed Insolvency Practitioner, who has been nominated by creditors as the proposed Liquidator. I should be grateful if you would complete the attached letter on your own letterhead and address to Paul Appleton.

In terms of the quantification of the amount that you are owed, please provide a separate schedule attached to the letter and split the amount as follows:

1. Actual physical funds invested and owed;

2. Amounts in E Wallets available to spend;

3. Pending withdrawals; and

4. Any other amounts/costs due ie monies paid to lawyers attempting to recover your funds etc

Please do not hesitate to contact me or my colleagues if you have any further questions.

Kind regards

Paul Cooper
For and on behalf of Paul Appleton - Managing Partner
DAVID RUBIN&PARTNERS LLP
Paul Cooper BSc ACA
Tel 020 7400 7900
Fax 020 7242 3233
E mail paul.cooper@drpartners.com
Website: David Rubin & Partners, London, Insolvency, Corporate Recovery & Forensic Accounting Specialists, business
DX: 267 LONDON/CHANCERY LANE

1st Floor 26-28 Bedford Row, London, WC1R 4HE
David Rubin & Partners LLP is a limited liability partnership registered in England and Wales, Registered number OC339705, with its registered office at 26-28 Bedford Row, London WC1R 4HE

Originally Posted by Ken Roklin

Targus is owned by Chris Smith. As posted over on MMG:

It appears that Banners Broker International Limited (“the Company”) is not only registered on the Isle of Man and Belize.

Christopher Smith is also sole Director

Its sole shareholder is shown as:-

Targus Holdings Limited
303 Aarti Chambers
Victoria
Mahe
Seychelles

The current sole director of the Company is:-

Christopher SMITH
250 Jarvis St, suite 503
Toronto
Ontario
Canada M5B 2L2

It appears Chris is using another offshore company to liquidate BBI. That is probably why he made BBmobile a separate company. Close one down and continue scamming with another one.

Please verify your sources, i see no Chris Smith involved with Targus, but what i see interesting and strange that Colin Foster is a director of Bedford Limited (initial name of BBI) in IOM
on Feb 16 2011 (http://96.0.22.52/images/forum/Page4.png) , after that 2 changes of director in May and Aug of 2013.

And according to this doc, (page 157-158: http://www.ibs-company.com/~/media/F...ed-Nov-5th.pdf), Colin Foster is also a director of Targus Holdings Limited and Targus Investments Limited of Seychelles companies as well as whole a lot of other companies.

Which brings me to conclusion he Colin is just a nominated puppet director provided by some offshore incorporation agency. But does not it look funny when 2 companies on opposite sides of a lawsuit have the same Director ? Ha-ha-Ha , Only in offshores :)

Originally Posted by Ken Roklin

Targus is owned by Chris Smith. As posted over on MMG:

It appears that Banners Broker International Limited (“the Company”) is not only registered on the Isle of Man and Belize.

Christopher Smith is also sole Director

Its sole shareholder is shown as:-

Targus Holdings Limited
303 Aarti Chambers
Victoria
Mahe
Seychelles

The current sole director of the Company is:-

Christopher SMITH
250 Jarvis St, suite 503
Toronto
Ontario
Canada M5B 2L2

It appears Chris is using another offshore company to liquidate BBI. That is probably why he made BBmobile a separate company. Close one down and continue scamming with another one.

If this is the case, would there not be Assets to liquidate?
This sounds like a dirty move BB would do.
Either Way, everyone should be added to the list that lost money. Yes?

I agree with NikSam on this one. Can we see direct poof of the link with Chris Smith and Targus?

I see how confusing and related those 2 companies might seem to a normal person not familiar with offshore schemes.

All these, BBI (BEDFORD LTD) and Targus companies were registered (bought online) at exactly same place OCRA Worldwide
every name you would ever find linked to those (as Colin Foster) will be a pupet agent provided by OCRA.

Hell, OCRA itself set up the way you will never find ends :)

OCRA.jpg

The only thing which can possible link Chris or Raj to any of these is a secret record in OCRA, but OCRA itself was setup to avoid any jurisdictional enforcement.

Originally Posted by NikSam

Please verify your sources, i see no Chris Smith involved with Targus, but what i see interesting and strange that Colin Foster is a director of Bedford Limited (initial name of BBI) in IOM
on Feb 16 2011 (http://96.0.22.52/images/forum/Page4.png) , after that 2 changes of director in May and Aug of 2013.

And according to this doc, (page 157-158: http://www.ibs-company.com/~/media/F...ed-Nov-5th.pdf), Colin Foster is also a director of Targus Holdings Limited and Targus Investments Limited of Seychelles companies as well as whole a lot of other companies.

Which brings me to conclusion he Colin is just a nominated puppet director provided by some offshore incorporation agency. But does not it look funny when 2 companies on opposite sides of a lawsuit have the same Director ? Ha-ha-Ha , Only in offshores :)

I believe I said it was posted on MMG. The poster is MarcoPelli and he posted the following link for the BannersBroker Forum and poster Seychelles, site admin: Banners Broker Forum and the Truth for Members • View topic - Seychelles. You can make of it what you will. I myself am still trying to get in touch with him to get his source.

Originally Posted by Ken Roklin

I believe I said it was posted on MMG. The poster is MarcoPelli and he posted the following link for the BannersBroker Forum and poster Seychelles, site admin: Banners Broker Forum and the Truth for Members • View topic - Seychelles. You can make of it what you will. I myself am still trying to get in touch with him to get his source.

Sorry, this is what i would call unverified information. And it would be really dumb for Chris to go through a trouble of setting up an offshore company
, paying money for it, and leaving his name behind.

Originally Posted by Joe_Shmoe

[/SIZE][/COLOR][/SIZE]gullible is due to be removed from the Oxford English dictionary next year?

No you are wrong if you look. It had already happened. They removed the word this year already. :)

Here is how BBI (ex- BEDFORD LTD) in IoM came to existence ($170 for an established for several years company, take your pick , do not like a name? - rename it):

OCRA_shelfs.jpg
URL: OCRA

Originally Posted by NikSam

Sorry, this is what i would call unverified information. And it would be really dumb for Chris to go through a trouble of setting up an offshore company
, paying money for it, and leaving his name behind.

I never said it was verified. I said the post appeared on MMG. The poster received an e-mail from what he calls a reliable source. Again, you can believe it or not.


Isle of Man Constabulary Financial Crime Unit

Thank you for your email which has been forwarded to me for attention.

Based on the information you have provided it is difficult for me to establish whether what has occurred amounts to a breach of contract, which is a civil matter, or is a criminal act, which is a police matter. Generally speaking, in order for it to be a police matter, it will have to be shown that Banners Broker intended not to honour any agreement / contract from the outset.

The Isle of Man Constabulary is only able to investigate alleged criminality which occurs within its own jurisdiction. If Banners Broker is committing criminal acts, it is difficult to establish from where, as it appears they operate online only.

If you believe you are the victim of criminal conduct you should report the matter to your local police. They should formally record your complaint, and determine the relevant investigative jurisdiction, forwarding your complaint accordingly. Your complaint should be accompanied by any documentary exhibits which support or corroborate your allegations. If applicable, the relevant investigative authority can formally request the assistance of the Isle of Man authorities to conduct enquiries on the Isle of Man.

It appears that Banners Broker International Limited (“the Company”) is still registered on the Isle of Man at the address you cite. Its sole shareholder is shown as:-

Targus Holdings Limited
303 Aarti Chambers
Victoria
Mahe
Seychelles

The current sole director of the Company is:-

Christopher SMITH
250 Jarvis St, suite 503
Toronto
Ontario
Canada M5B 2L2

01624 686002 (T)
01624 686039 (F)

m.venables@fcu.gov.im

mike.venables@iom.pnn.police.uk

Originally Posted by NikSam

Sorry, this is what i would call unverified information. And it would be really dumb for Chris to go through a trouble of setting up an offshore company
, paying money for it, and leaving his name behind.

I never said it was verified. I said the post appeared on MMG. The poster received an e-mail from what he calls a reliable source. Again, you can believe it or not.


Isle of Man Constabulary Financial Crime Unit

Thank you for your email which has been forwarded to me for attention.

Based on the information you have provided it is difficult for me to establish whether what has occurred amounts to a breach of contract, which is a civil matter, or is a criminal act, which is a police matter. Generally speaking, in order for it to be a police matter, it will have to be shown that Banners Broker intended not to honour any agreement / contract from the outset.

The Isle of Man Constabulary is only able to investigate alleged criminality which occurs within its own jurisdiction. If Banners Broker is committing criminal acts, it is difficult to establish from where, as it appears they operate online only.

If you believe you are the victim of criminal conduct you should report the matter to your local police. They should formally record your complaint, and determine the relevant investigative jurisdiction, forwarding your complaint accordingly. Your complaint should be accompanied by any documentary exhibits which support or corroborate your allegations. If applicable, the relevant investigative authority can formally request the assistance of the Isle of Man authorities to conduct enquiries on the Isle of Man.

It appears that Banners Broker International Limited (“the Company”) is still registered on the Isle of Man at the address you cite. Its sole shareholder is shown as:-

Targus Holdings Limited
303 Aarti Chambers
Victoria
Mahe
Seychelles

The current sole director of the Company is:-

Christopher SMITH
250 Jarvis St, suite 503
Toronto
Ontario
Canada M5B 2L2

01624 686002 (T)
01624 686039 (F)

m.venables@fcu.gov.im

mike.venables@iom.pnn.police.uk

It is important for people to know that when anyone says "It must be legal there is a company" that you ask
1. Where is there company? i.e. registered in what state under what office - this means you can get all the official files
2. How long is that company in existence and how long is it trading under its current name and business? - this means ( if it has filed regular accounts and has been trading in the field they claim) it is probably a company set up for doing this specific business and not a shelf company
3. Who are the shareholders company secretary and director(s). If someone is a diorector of several non trading companies or has been a director of several struck off companies ( and not just because they wound down ) then that is odd.
4. WHAT IS THE paid up SHARE CAPITAL and how many shares ore owned by each shareholder? If the company had a million dollar shares and only $1 ( or even $1000) are paid up by shareholders then even they are not happy to put their own money into the company why should you be? If the company has only say 100,000 shares why are they claiming to be a "billion dollar company"? If a shareholder has say a million shares but has only paid for one then even if they are legal and compliant that person is still liable. Liability protects the individual but not for the amount of unpaid shares. If the company owes $500,000 and they have $100 in shares but own 250,001 shares then they are still liable for the 249,901 shares they own for which they have not paid. Usually you may find a director may only have one share in which case you may wonder why you should be investing in this. That is not to say that a legit company may do good business with a $1 share Director or even a no share manager but then you have to look at the accounts ( are they published) or who actually does own the shares.

Well, well, well.

Don't you hate it when I am right ?

a Shelf company for sale by ORCA listed in 2011-2012

Attachment 7014

ARCHIVE: https://web.archive.org/web/20120113.../shelflist.asp



PS: Please support Archive.org by donations, for invaluable service to scambusters.

Ken, i would seriously question the reliability of that email.
Targus was operating as a receiver/ liquidator in 2004. And that Chris would leave his name on a offshore company would be dumbest thing any person would do.

SRC: Companies registry public view

Can you please collect headers form that email ? according to Corporate Privacy law in IoM that officer broke the law, disclosing you undisclosed information.

And i can confirm that director of Targus companies is still Colin Foster of OCRA.

Regarding a shareholder who owns one share of Bedford LTD (now BBI) being Targus, all those shelf companies do, do not forget they been founded by OCRA.

Anyway, if there is a link between BBI (BEDFORD LTD) to Chris - great if he made such mistake, sometimes scammers do those, i would love to see definite proof of it, it is hard to belive.
But there are no links between Targus xxxx and any BB people.

Originally Posted by NikSam

Ken, i would seriously question the reliability of that email.
Targus was operating as a receiver/ liquidator in 2004. And that Chris would leave his name on a offshore company would be dumbest thing any person would do.

SRC: Companies registry public view

Can you please collect headers form that email ? according to Corporate Privacy law in IoM that officer broke the law, disclosing you undisclosed information.

And i can confirm that director of Targus companies is still Colin Foster of OCRA.

Regarding a shareholder who owns one share of Bedford LTD (now BBI) being Targus, all those shelf companies do, do not forget they been founded by OCRA.

Anyway, if there is a link between BBI (BEDFORD LTD) to Chris - great if he made such mistake, sometimes scammers do those, i would love to see definite proof of it, it is hard to belive.
But there are no links between Targus xxxx and any BB people.

If you want to verify whether or not the e-mail is genuine why don't you e-mail the officer whose address appears at the bottom of the email.