Thread: Banners Broker HYIP ponzi scam

It was about £700 so not huge - but enough to get annoyed about!

I sent an email as requested by BB but have (unsurprisingly) not received a reply as yet. I am going to send another today giving them 7 days notice to repay me or I will be issuing proceedings.

Originally Posted by WhostolemyID

It's a "good" way to slow the process down, it will simply put off some claimants altogether, and yet adds a new legal look to the whole process. Problem for BB may be that a number of solicitors may actually bother to ask what the docs are for, and take a closer look....

I don't think this is just a slowing down mechanism: When a Ponzi shuts down, what's left? (apart from millions of dollars). The data and IDs are worth loads for identity thieves. I'd be more worried about that than the few hundred dollars people may have invested!

<edit> sorry, just seen your username :) </edit>

So I just found out that my mum is in this ridiculous con and all of her money is tied up in panels, apart from about $50 that I'm trying to get out through STP - wish me luck!

So what's the best process to *try* to get her investment out. Complain to the bank?

Originally Posted by Poyol

What makes me laugh is the fact that because I'm disputing the fact that Banners Broker is legitimate is that I must be jealous in some way!
Not just trying to help people not be conned.

I've said it before, I'll say it again - I'd still have my account (maybe) if I hadn't started posting on Scam.com with my views that it's a scam.

Jason

Mine is the exact same situation - instead of trying to put my fears to rest (as if they could) they lock the account with no recourse. A little bit of communication could have prevented a whole lot of what is now going on. I am more than happy to go on the few forums that I do and bash BB because they treated me like crap.

Originally Posted by hendyphilhendy

It was about £700 so not huge - but enough to get annoyed about!

I sent an email as requested by BB but have (unsurprisingly) not received a reply as yet. I am going to send another today giving them 7 days notice to repay me or I will be issuing proceedings.

I sent that email - I got a canned message back:

Hello,

Thank you for contacting support

In order to cancel your account , please ensiure all funds are withdrawn out of the ewallet. Then , please follow our cancellation policy:

In the case of a cancellation request, the following steps MUST apply:

You may request cancellation of your account at any time.
If you fall within the refund period, you may apply for a refund by following the above listed steps.
Cancellation requests must be submitted in writing, and mailed to Banners Broker Canada's head office address as listed above.
Canceling an account may take up to 10 business days from the time the request has been received.
By canceling your account with Banners Broker, you are forfeiting all products in your account, including but not limited to: ad impressions, ad inventory, future revenue that may be earned as a Publisher, and access to the Banners Broker International Dashboard.

By requesting a refund or cancellation, you are asking for your account (whether free, Advertiser, Publisher, or Ad-Pub Combo) to be closed. This means you will have no access to any of the back office (dashboard) features or tools.

You understand that any ad campaigns currently in progress will be terminated immediately. Any traffic packs, traffic boosters or panels that were purchased will be voided along with all access to the back office tools, reports, and commission earnings.

Any liquidation requests that have been initiated will be cancelled and not paid out. Any member that requests a refund or cancellation cannot make a purchase or become a member for a minimum of six months.

Please be sure of your refund or cancellation before initiating the process, as once the process has been started, it cannot be cancelled.

Banners Broker International has contracted with Banners Broker Canada to handle all refund and cancellation requests for the company. Therefore, all requests must be sent to the following address:

Banners Broker Canada
1019 Nelson Street
Unit 8
Oshawa, ON L1H 7N9

Regards,
BB Team

Jason

I haven't even had the standard email!

Communication was never one of Banners Brokers strong points

See Index of / for a website registered by an aforementioned pimp of Banners Broker.

See anything suspect there?

Jason

Looks like a big problem getting money out of BB in India:


screenshot..jpg

There was a thread a while ago about India saying that BB members had to state that the money was from a 'family friend' to be able to make a withdrawal. They were not allowed to say it was from Banners Broker as they would not be allowed to collect the money.

Originally Posted by hendyphilhendy

It was about £700 so not huge - but enough to get annoyed about!

I sent an email as requested by BB but have (unsurprisingly) not received a reply as yet. I am going to send another today giving them 7 days notice to repay me or I will be issuing proceedings.

Small claims court stuff. Hope that makes them sit up and notice. It's not a difficult process for you to undertake (sorry if I'm teaching granny to suck eggs here). Now if all the people who have had accounts locked do the same thing ;)

wrigleyb - ha! Luckily, my userid whostolemyid only refers to the fact that, a few years back I tried to sign up on a Forum using my standard ID, only to find it was already taken, so opted for this handle. That was in the early 1990's, long before ID theft became widespread.
I agree, though. These ID details will be sold on many times to other 'businesses', particularly as a high proportion will be rich and gullible.... albeit less rich than they were!

Originally Posted by Poyol

I sent that email - I got a canned message back:

...

Banners Broker International has contracted with Banners Broker Canada to handle all refund and cancellation requests for the company. Therefore, all requests must be sent to the following address:

Banners Broker Canada
1019 Nelson Street
Unit 8
Oshawa, ON L1H 7N9

Regards,
BB Team

I like how they've updated their Canadian address on the website since the photo was leaked. And how they deny Nelson Street was ever the correct address. And then they expect members to send a refund request by SNAIL MAIL to this allegedly fake address.

Seems legit.

My blog has been swallowing all kinds of BB traffic in the last week. There's one guy in the comments (Mr. Undisclosed) who claims to be making $1Million from the program. Anybody want to chime in with his taxation requirements?!

Banners Broker Scam – Don’t Let It Affect You « Finch Sells

[QUOTE=Beethoven;31797]From MMG:

"We now have a full time person who is looking after the PrePaid card – if you have not applied for your card, please do so. Payza has been phased out and STP will be phased out (for withdrawals) and the card is going to be the main method for withdrawals (for countries that can accept the card)."

Hi Beethoven. Sorry for my ignorance but what is MMG? Where did you see this message posted? Thanks

I found the following website on Vector Services (the card provider for BB). Frankly I have no idea what these figures mean, but someone on here may well do.

Vectorcardservices.com Vector Card Services - Web Analysis

Originally Posted by hendyphilhendy

Ah yes, the old Paypal don't deal with this type of business.

Numerous times this came up on the Talking BS forum and my stock answer was surely to gain credibility it would be better to get the backing of Paypal. Sadly this was clearly ignored and they continue to use the dodgy processors.

Believe me, there's nothing a HYIP ponzi operator would value more than being able to obtain a Paypal account to give his scam credibility.

Fortunately, on the rare occasion a HYIP ponzi does manage to sidestep Paypals' security policies, it's normally only a matter of an email or two pointing out the fact, and Paypal will withdraw it's services immediately, if not sooner.

HYIP ponzi operators have no choice in the matter when it comes to using "dodgy payment processors"

Without their (the payment processors') "nudge, nudge, wink, wink" co-operation HYIP ponzis as we know them would not exist

I know Smith is quite a popular name - but do you think it's a coincidence that the owner of R&B Auto Service (at same address as BB) is called Brandon Smith? This isn't 100% - but it's not easy finding accurate information from a country you don't live in!

I'm trying to do some digging on directors of R&B Auto Service/Afordable [sic] Automotive Ltd - It's proving not too easy.

Jason

Also, can anyone access Banners Broker?

Originally Posted by Poyol

Also, can anyone access Banners Broker?

Well don't you worry your pretty little head about not being able to see or access BB. I am sure there are hundreds of good reasons for it not appearing at the moment, like the ones that have already been posted on this site *written in Sarcasm font*

Originally Posted by wrigleyb

I don't think this is just a slowing down mechanism: (apart from millions of dollars). The data and IDs are worth loads for identity thieves. I'd be more worried about that than the few hundred dollars people may have invested!

<edit> sorry, just seen your username :) </edit>

Originally Posted by wrigleyb

When a Ponzi shuts down, what's left(apart from millions of dollars)

That's a common misconception when it comes to HYIP ponzis.

Other than the HYIPs closed by official means, along the lines of what happened to Zeek Rewards and AdSurf Daily, there is actually nothing left by the time a HYIP limps to closure.

It's the main reason the U.S. authorities use the civil route first when dealing with large HYIP ponzi frauds.

It enables them to stop the ponzi in it's tracks and freeze any remaining monies.

By their very nature, the money remaining for distribution in a HYIP ponzi after the rate of new signups slows or reverses decreases at an alarming rate.

Remember, HYIP ponzis have little or no outside income sources.

If someone "at the top" takes out a relatively small $10,000, it would take 100 new members depositing $100 just to cover the withdrawal.

With some of the payout figures being quoted by Banners Broker insiders, it doesn't take a genius to work out the Banners Broker coffers can be bled dry in only a matter of days if new signups decrease at the same time as the big players start pulling out their "earnings"


That's how HYIP ponzis work, as many of the Banners Broker "true believers" are about to discover to their cost.

Phil Hendy, you seem to be quite slating about we RealScam members over at TalkGold.

Do you not believe we're helping the general populus by trying to get them to NOT investing their money in the first place?

Jason

[QUOTE=wrigleyb;31847]

Originally Posted by Beethoven

From MMG:

"We now have a full time person who is looking after the PrePaid card – if you have not applied for your card, please do so. Payza has been phased out and STP will be phased out (for withdrawals) and the card is going to be the main method for withdrawals (for countries that can accept the card)."

Hi Beethoven. Sorry for my ignorance but what is MMG? Where did you see this message posted? Thanks

This is MMG, well worth a read: Banners Broker - bannersbroker.com

Hi guys, I am not on talking gold, I don't even know about it?

Jason, can you link me to teh posts please? Is it talkgold.com?

Hmmmm - not sure how reliable this is, but it appears to show a recent change of name

TMF: Re: Banners Broker is the only option / A fool And His Money...

https://www.ic.gc.ca/app/scr/cc/Corp...pNmbr=&bsNmbr=

BannersBroker - BannersBroker.com - Page 126 - Talkgold HYIP, Investment & Money Forum

Phil, the above link.