Thread: Banners Broker HYIP ponzi scam

Originally Posted by Chris Smith

Updates - we are continuing with our weekly payouts every Friday. We are going through the standard queue in date order. Monthly for the queue for Legacy. We are going through in date order, and there is a payout every Friday, but every single person doesn't get paid every time.

HERE IN THE REAL WORLD no one but super shills still crooked enough to recruit are being paid and none of you pikers will be seeing your "life changing" money EVER. I mean this run.

Take comfort in knowing someone somewhere might have been paid, just tell the grocery and landlord you will get them next week. Keep your chin up, there's a reason BB best and brightest live in a sheep shed (Al Sills), are in foreclosure (Mark Gerbil) or still live with mommy (Jamie Waters).

Originally Posted by over to Ron Anderson

If you change anything in your personal information this will invalidate your ID, and you will need to upload a new ID. this is for compliance and to avoid fraud.

Traffic Packs that have been cancelled? The system is set up to cancel your Traffic Pack if your subscription wallet is in the negative. Please keep your subscription wallets in the positive.

Meaning to say this was to avoid the slowest of the slow to catching on this is A FRAUD.

All the same keep positive and pay your damn dues or you will be on the outside looking in for next weeks round of bullshit.

I see that Smiffy says:

"I have been extremely busy on the corporate side with a few deals on the advertising side."

Oh, go on Smiffy, spill the beans! With whom are these "deals" then?? The world is waiting to hear. Google wants in now, does it?

He also suggests that people send in a ticket for help to support, but does not mention that, according to Rockin' Ronnie over on the FB page, support is now 10 days behind. But for me, the real laugh was his closing line:-

"Thank you for being on the call today and helping us build this business that is unlike anything on the web today."


You got that right, mate! Unintended irony, anyone?

Originally Posted by Della Cate

I see that Smiffy says:

"I have been extremely busy on the corporate side with a few deals on the advertising side."

Oh, go on Smiffy, spill the beans! With whom are these "deals" then?? The world is waiting to hear. Google wants in now, does it?

He also suggests that people send in a ticket for help to support, but does not mention that, according to Rockin' Ronnie over on the FB page, support is now 10 days behind. But for me, the real laugh was his closing line:-

"Thank you for being on the call today and helping us build this business that is unlike anything on the web today."


You got that right, mate! Unintended irony, anyone?

In fact it is unlike anything on the web today - this part is a true statement but as a scam

Wishing all the the Ladies that are Mothers, a Happy Mothers Day!

Chris has recently attended a meeting representing Parrot Marketing and World e Wallet. It seems he wants to brush up on Canadas new money laundering rules!


TARA TALKS: BREAKING NEWS - March 2014 to present...

Originally Posted by HARRISON

Chris has recently attended a meeting representing Parrot Marketing and World e Wallet. It seems he wants to brush up on Canadas new money laundering rules!


TARA TALKS: BREAKING NEWS - March 2014 to present...

Hehe, you missed another character - Ted Nham ("CEO" of Vector Card Services) who now listed there as PRIVAI HOLDINGS INC.
Funny is not it? CEO of Vector is now also behind worldewallet money laundering service.

PS: neither WorldEwallet, Parrot, PRIVAI - is registered as MSB in Canada - illegal money service operation

Originally Posted by NikSam

Hehe, you missed another character - Ted Nham ("CEO" of Vector Card Services) who now listed there as PRIVAI HOLDINGS INC.
Funny is not it? CEO of Vector is now also behind worldewallet money laundering service.

PS: neither WorldEwallet, Parrot, PRIVAI - is registered as MSB in Canada - illegal money service operation

We shouldn't be too surprised about Ted being involved/behind WEWallet. BBI was his (Vector's) first and only client so when that didn't pan out Chris said they were pursuing a replacement. Well, there's too much money to be made with an eWallet with their fees so why give that to someone else when you can have a piece of it by being part of it. So, you don't look for an established one you just start another scam. These eWallet operators are just as guilty of promoting these scams as the operators and promoters of the businesses that use them. I don't see why the authorities allow them to operate.

Originally Posted by NikSam

Hehe, you missed another character - Ted Nham ("CEO" of Vector Card Services) who now listed there as PRIVAI HOLDINGS INC.
Funny is not it? CEO of Vector is now also behind worldewallet money laundering service.

PS: neither WorldEwallet, Parrot, PRIVAI - is registered as MSB in Canada - illegal money service operation

There are 10 companies that have an address matching 5 Carlow Court Whitby, ON L1n 9t7.

The companies are 8468346 Canada Inc, 8472700 Canada Corporation, Reemas Kitchen Inc, Buzingaca Ltd, Stellar Point Productions Inc, Stellar Point Web Hosting Inc, 8649219 Canada Inc, Jetsetter Dating Ltd, Revstar Hosting Inc, and The Dixit Consortium Inc.

The more recent one was the Gym one with gelnroy Browne
Parrot Marketing Monotize Group and a number of others we first came across in Carlow Court back in the snow of 2012 when a number of ICs went there
also featured were Pay Valley Buzinga and Monetize group

http://www.realscam.com/f8/banners-b...html#post42885

...and still, they keep scamming


trick deal.JPG

...and they keep scamming because scam still has followers and believers.One of the multimillion "business" participant from BB Facebook page band wrote -"So out of the thousands of pounds I invested, when will I get a return?"...nothing strange,you might think...every day question many suckers ask,but take a look of the Facebook avatar picture this "businessmen" put to represent him and you will instantly understand why this scam has still "potential"
10306231_10154102061845564_1961888951433705487_a.jpg

Originally Posted by HARRISON

...and still, they keep scamming


trick deal.JPG

Probably this steve
https://www.linkedin.com/pub/steve-mcmanus/55/510/187

Who is in Tony Bloggild's Director Mango Partnership Ltd Linkedin Group Banners Broker UK | LinkedIn
along with Duncan Wood and about 50 other people.

Originally Posted by HARRISON

Chris has recently attended a meeting representing Parrot Marketing and World e Wallet. It seems he wants to brush up on Canadas new money laundering rules!


TARA TALKS: BREAKING NEWS - March 2014 to present...

I thought he was 'parrot marketing'. He's been repeating the same thing over and over for years.

Parrot Marketing on a Banana Island SA.

Take this offshore company name Chris - my gift to you.

Originally Posted by Whip

I thought he was 'parrot marketing'. He's been repeating the same thing over and over for years.

Just as Stellar Point and Banners Broker had innocent employees Parrot marketing probably has a few too.
This guy
https://www.linkedin.com/pub/gerob-kimball/38/715/794
was on the Stellar Point payroll and moved to Parrot Markrting

this lady
https://www.linkedin.com/in/angelaluong
might also not know she is working for scammers
As to Chris Msiths Parrot Marketing not being connected to Raj Dixit's Banners Broker
Someone might tell dusan Langer about that
Dusan Langer | New York

Funny how a guy living in New York has his office in Toronto isn't it. What a hell of a daily commute it must be! Maybe he flies with parrots daily?

none of you people get jokes.

Originally Posted by Whip

none of you people get jokes.

Sure we do...tell us one and we'll get it...lol

Originally Posted by laidback

Sure we do...tell us one and we'll get it...lol

that makes me sad.

#Summary01 A "Brief" and incomplete but partly comprehensive summary of Banners Broker to May 2014 for people who may be just arriving

Banners Broker began in 2010 as a straightline’ cycler doubler.
What this means is that your payouts come from within the system (cycled) directly from sign-ups below you (a straight line) and you double your money each cycle.

I discovered Banners Broker to have a broad web presence of disparate “Affiliates” who at the time claimed Banners Broker was a business in Cork Ireland and as stated on Radio by Paul Mc Carthy a Cork “Affiliate” similar to Simon Stepsys in terms of position in Banners Broker Pyramid.

Also claimed was a business registered in Canada supported by Master Card. Banners Broker were active in Portugal, UK and Cyprus at the time. Later they establishing in India Iceland Austrtalis New Zealand the US and the Carribean.
It recently collapsed in Ireland leaving possibly over 10,000 there in debt with Mc Carthy using the same excuse as Simon Stepsys. 'I'm living in fear', says Paul McCarthy / Sunday World i.e. that he is only an independent affiliate.
Stepsys aka Simon Baxter who has a history in similar fraud stretching back to at least 2006
Scam Exposed: MoreThanTraffic.com

I looked into Linkedin and others here into facebook and other discussion fora. Other also are members of BB or know some of their very scant staff (in spite of claims of Hundreds of staff) and monitored BB internally. Linkedin have not acted to curb any activity of those promoting Banners Broker through Linkedin even though a Board member is aware of it. My enquiries were in parallel with other investigation by people similar to me who monitored Facebook and other web presences.
My own background is varied and I won't go into it here save to say I have experience in writing in national publications, academic publication, and representation on national institutions and various academic and professional qualifications. All that isn't important however . what is important is whether what I say can be supported with evidence.
One of the most succinct commentators on Banners Broker is a person who does not claim any academic qualifications but has an established track record in affiliate marketing who runs the Finchsells blog. Here is his analysis of Banners Broker through discussions with their Public Relations Director Terry Stern
Banners Broker Q&A with Terry Stern « Finch Sells
which I submit utterly demolishes their suggested business model.

Early on BB touted “Mastercard support” which was in fact not a credit card but a pre paid debit card through a company Vector Card Services . Mastercard eventually withdrew their name and Vector Card Services collapsed but their CEO was then and remained very pally with BB operatives. An earlier payment processor Allied Wallet had been prosecuted by the FBI.
FBI — Payment Processors Agree to Forfeit More Than $13 Million in Funds Traced to Money Laundering and Online Gambling

Bannersbroker blogspot announced on 27 Nov. 2013 that another payment processor Payza had locked accounts in the US because Ultralight Financial Services had refused to pay them. In fact what had happened is that Homeland Security in the US had frozen the Ultralight FS accounts with certain entities e.g. Payza. This effectively froze Banners Broker payments in the US but it didn't stop them promoting the scam.

Banners Broker constantly changed opened and closed offices and had a series of front companies in the Isle of Man, Canada, India, Belize and a business name registered in Cork Ireland. There were no published accounts or any notion of accountability through any recognised accounting procedure. Their web presence which openly began as a “cycler/doubler”
http://www.realscam.com/f8/banners-b...html#post42833
was later reorganised into a Pyramid/Ponzi. Some of the original top pyramid players such as Kul Johsun began to be replaced or were ousted by Rajiv Dixit who was/is the Director of Banners Broker Canada a company he bought off the shelf then changed name to Banners Broker. He has a history of involvement in another housing ponzi Scheme IFC World Homes in Canada. Time and again older scammers would fade away and new front men would appear. Driscoll was a main UK front man dumped by Smith for example. Van Neste was pushed out around the time when Josun was. Grant D'Eall and Lorenzo Guarini used to feature and also faded.
The modus operandi seems to be a web presence and local recruiting through word of mouth. then a sufficient head of steam is built up by sufficient local numbers to allow major players to pay off some early local players. These people then boast about their returns to friends acquaintances and family members. frequently older people with no knowledge of business or the internet are given a presentation which they are duped into believing about BB being involved in an internet advertising. In fact as can be see with the finchsells evidence above this is all a fake front to solicit money from victims.

Raj Dixit travelled to Dublin, Manchester and Portugal promoting Banners Broker where he declared Chris Smith as the mathematical genius behind this so called “business” I believe Simon Stepsys was also at some or all of these meetings and have seen video footage of him promoting Banners Broker at them.
The major players are termed Independent Contractors or "IC". I suppose BB uses this to distance the BB corporate from any claims. The corporate entities are however owned by one or two people.
Chris Smith the current CEO of Banners Broker International in the Isle of Man and Belize has produced no record of experience in business or any academic record in mathematics. As Raj Dixit began to fade into the background Chris Smith emerged as a frontman with Banners Broker International Belize as well as being Director of Banners Broker International Isle of Man. The Isle of Man company is currently under liquidation and has six million dollars in cash frozen. Director Chris Smith did not turn up for court in the Isle of Man and later announced the six million was just “rainy day” money which Banners Broker had not needed. All this time Banners Broker was refusing to pay out people who had been promised returns on their money. Raj Dixit subsequently changed the name of Banners Broker to Stellar Point Canada and it was announced they were only providing internet support for Banners Broker International.
In
https://www.youtube.com/watch?v=zpmZ09TSOSA
Chris Smith Director Banners Broker International admits at 2:55 that the UK was the largest BB affiliate base and that the registration in the Isle of Man company was because it was a “similar jurisdiction to the UK”. Basically this means the IoM was used just to store money (dollars by the way not sterling) and for nothing else but was convenient as being handy for UK access but also offshore with less regulation than in Britain.
In the thirty seconds following he admits no staff office or equipment were involved with this company for two years only a bank account containing money held in trust which he claimed was for affiliate payouts. Yet all this time BB was not paying affiliates! All it did was take money and transfer it to his account in the Isle of Man. He goes on to explain that it was his intention to move this money to Belize and that nobody needed to know about that and the only reason he is mentioning this account is because of what happened.What happened was the courts acted by freezing this account! At 5:22 he states BB had decided to “wind down” this non trading company which as it happened only had a bank account with $6million and as part of that procedure this involved the court liquidation. At 6:40 Chris Smith suggests problems arose with Ian Driscoll who was running the BB UK operation, whom he say he had to sack because Driscoll was cross pitching another scheme FlexKom which was against terms and conditions. Ironically this cross pitching is exactly what Simon Stepsys has always done and continues to do as can been seen ibelow where he promotes two other schemes. He then produces at 9:17 a registration for Banners Broker International Belize for 23rd July 2013. This means BBI Belize did not exist before that when BBI Isle of Man did. So who was responsible for all the money on 22nd July 2013 when BB IoM had no office no staff no actual trading no buying internet advertising and just a Bank account where they lodged affiliates contributions and no money from anywhere else other than affiliates ( as any Ponzi would) and BB Belize did not exist. In fact Ian Driscoll isn't the person to which the liquidation was awarded. The main request was from Paul Appleton
At 20:58 Smith states BB were not ordered by any court to close the Isle of Man account.

CHP 14/0008*
IN THE HIGH COURT OF JUSTICE OF THE ISLE OF MAN CIVIL DIVISION CHANCERY PROCEDURE IN THE MATTER of the Companies Act 1931 and*

IN THE MATTER of BANNERS BROKER INTERNATIONAL LIMITED and IN THE MATTER of the Claim of Targus Investments Limited ("Targus") dated the 10 January 2014 ("the Winding Up Claim")*

At a Court held on 26 February 2014*

HIS HONOUR THE DEEMSTER DOYLE FIRST DEEMSTER AND CLERK OF THE ROLLS*

IT IS ORDERED THAT:*

1. Banners Broker International Limited ("BBIL") be and hereby is wound up pursuant to the provisions of section 162(6) of the Companies Act 1931 ("the Act");*

2. Miles Andrew Benham ("Mr Benham") of MannBenham Advocates, 49 Victoria Street, Douglas, Isle of Man and Paul Robert Appleton ("Mr Appleton") of David Rubin & Partners LLP, 26 — 28 Bedford Row, London, WC1R 4HE be and are hereby appointed Joint Provisional Liquidators and Deemed Joint Official Receivers of BBIL pursuant to section 174 of the Act.

Driscoll was awarded his incidental costs but no monies were given to Driscol as claimed by Smith nor is Driscoll involved as liquidator.

Chris Smith clearly admits it had no function other than keeping money in the Isle of Man until such a time as it could be moved offshore to Belize away from affiliates that Rubin and Partners and their representative Paul Appleton wanted to assist.

Which brings me to Stepsys.
Banners Broker publish “Terms and Conditions” on their Website which they frequently change to suit themselves and which they ignore. For example affiliates are not allowed to be in other similar schemes or cross pitch them but as can be seen from Simon Stepsys he frequently promoted several schemes at once.

For example on February 18 2013 a post dating on that page to November 22 2012 was still present. This is archived at
http://web.archive.org/web/201302181.../bannersbroker

In that post the following is stated. This was online in 2013 as the archive clearly shows the date but originally published near the end of 2012.

Bannersbroker*is NOT MLM networking, network marketing or anything like that its an innovation in online advertising with a profit referral sharing system.
Bannersbroker have now paid out just shy of $17 Million Dollars & Served 4.5 Billion ads in the first 12 months of starting.
My prediction for 2012 is that commission payouts will be at least 150 Million potentially as much as 450 Million.
This will still not be even scratching the surface in online advertising which is worth at least 500+ Billion a year.
Google one of the worlds most profitable & successful companies did 29 Billion last year of which over 95% of there income is with advertising.
Facebook are now cashing in with 5 Billion last year & rising fast.
BannersBroker are in the same huge market with a UNIQUE advantage & that is the network of 30,000+ members, some of them highly motivated sales professionals driving the business referral through rapid growth.
BannersBroker Breaking Records Facts and FiguresThe great thing about bannersbroker is that you can be totally passive & make phenomenal returns of at least 200% & or refer business & make even more, either way the choice is with you the bannersbroker member.
I also have a bannersbroker team training site in place which I built at…BannersBrokerTraining.com. If you want to work with the best then contact me today I will teach you & show you how to*get very rich*online.

Banners Broker later changed and announced that they were not a passive income and Simon Stepsys went along with any and all contradictory claims made, including claiming huge potential income when page 6 of the terms suggest that a typical income of $475 per year must be published alongside any claims about income.

Complaints about lack of payment are referred to high charge international phone numbers which fail to resolve problems. claims but this is not a surprise as Banners Broker is a fraud in any case. Many of the so called companies disappear

Duncan Wood is another sponsor/promoter/inviter of Banners Broker and is therefore involved in the pyramid. He shows no evidence of any professional capacity, experience, track record, publication or academic qualification in advertising, marketing, or Information Technology,
Duncan Wood's Linkedin account claims “Expert MLM and Online Marketing Coach”
Yet the same account shows his only record in marketing is with Banners Broker since 2012 and Imarkets live since 2013 which is a company which apparently facilitates people to trade stocks. There is no evidence Duncan Wood is licenced stock trader. He appears to have a BA in interior design from Birmingham University awarded in 1980 and he then spent 18 years working in interior design.
https://www.linkedin.com/in/duncanjwood
The first evidence of any Multi Level Marketing or internet related so called business by Duncan Wood on that Linkedin page is with Banners Broker which ironically Simon Stepsys himself denies is an MLM business. Simon Stepsys is in fact correct here. Banners Broker is a fraud.
I submit Duncan Wood has no Information Technology or Marketing qualifications and no track record in it. He shows no evidence of any knowledge of legal requirements of compliance. I accept as a business manager or owner of what was a registered company he would be aware of the legal ramifications of company returns, but he seems not to have researched these with respect to Banners Broker nor in fact have used any due diligence in investing in it. He also last week was announced as a “winner” of a $500 prize in a Banners Broker competition. If he actually received this payment or admits to winning it, I would suggest it shows him as complicit in the scheme and possibly an accessory to the scam itself in facilitating it. It also shows that his claim about only getting money from advertising panels is false.

Duncan Wood is unreliable with respect to any claims about what Banners Broker actually is.

Sad Man with the mentality of a drongo, 14/05/2014 01:05




Scott Burridge



So why is it that you feel you should warn the world this is a scam? What's in it for you? Just because you say it's a scam, (and you're only listening to what people like Finch and Tara say anyway), should we believe you? The proof will be in the outcome. I've not put any more money in since I started, and now have $20k in my legacy wallet to withdraw, as well as new panels working away. But perhaps I should just chuck it all way, cos you said so!!
I'm sick of all you 'do gooders' obviously trolling the bb facebook page, sending us messages that BB is a scam, which is spamming us as we haven't given you permission to bombard us. And most of you are simply trying to entice us to join your own lame opportunity.

Originally Posted by Scott Burridge 71267

I've not put any more money in since I started, and now have $20k in my legacy wallet to withdraw, as well as new panels working away. But perhaps I should just chuck it all way, cos you said so!!

This reminds me of the guy who drops $5 while using the outhouse.
He grabs his wife's purse takes out a $50 and tosses it in.
She says "What the hell are you doing"?
He replies "I'm not reaching in there for a lousy $5"!

$20,000 in a legacy wallet to be paid out of a leprechaun's stash by a mermaid riding a unicorn led by the kid who still owes the $1 he borrowed at grade 6 lunch.

Of course none of that will be announced on this weeks call, so please make sure your dues are paid.

bb.JPG

Originally Posted by Arthur Foxache

Sad Man with the mentality of a drongo, 14/05/2014 01:05




Scott Burridge



So why is it that you feel you should warn the world this is a scam? What's in it for you? Just because you say it's a scam, (and you're only listening to what people like Finch and Tara say anyway), should we believe you? The proof will be in the outcome. I've not put any more money in since I started, and now have $20k in my legacy wallet to withdraw, as well as new panels working away. But perhaps I should just chuck it all way, cos you said so!!
I'm sick of all you 'do gooders' obviously trolling the bb facebook page, sending us messages that BB is a scam, which is spamming us as we haven't given you permission to bombard us. And most of you are simply trying to entice us to join your own lame opportunity.

Shouldn't he be pulling that out since that's the max he can take for the year? What scam is he going to go to after that?

Originally Posted by ribshaw

This reminds me of the guy who drops $5 while using the outhouse.
He grabs his wife's purse takes out a $50 and tosses it in.
She says "What the hell are you doing"?
He replies "I'm not reaching in there for a lousy $5"!

$20,000 in a legacy wallet to be paid out of a leprechaun's stash by a mermaid riding a unicorn led by the kid who still owes the $1 he borrowed at grade 6 lunch.

Of course none of that will be announced on this weeks call, so please make sure your dues are paid.

bb.JPG

That should say 'testicles card' since they have the lemmings by the balls.

Hm...but if he has 20 k...why is he sick ??

Originally Posted by Mundorf

Hm...but if he has 20 k...why is he sick ??

Probably because deep inside he knows he is never going to see that $20,000.

Originally Posted by Arthur Foxache

Sad Man with the mentality of a drongo, 14/05/2014 01:05




Scott Burridge



So why is it that you feel you should warn the world this is a scam? What's in it for you? Just because you say it's a scam, (and you're only listening to what people like Finch and Tara say anyway), should we believe you? The proof will be in the outcome. I've not put any more money in since I started, and now have $20k in my legacy wallet to withdraw, as well as new panels working away. But perhaps I should just chuck it all way, cos you said so!!
I'm sick of all you 'do gooders' obviously trolling the bb facebook page, sending us messages that BB is a scam, which is spamming us as we haven't given you permission to bombard us. And most of you are simply trying to entice us to join your own lame opportunity.

Can I just say, for the record, that I have NO "opportunity" with which I am trying to "entice" the poor befuddled BB crowd. Nothing. Not a thing.

I cannot "troll" the BB Fb page because they banned me from it months ago simply for asking questions.

Mr Burridge clearly has not heard the word altruism. Sometimes, we do things even though there is nothing in it for us, simply because we feel it is the right thing to do, or because we feel it will help others - like people being blood donors, or spending hours collecting for charity, or baking cakes to sell at a child's school, or going every day to check that an elderly neighbour is alright. Or even warn others that something called "Banner Broker" is not the great online opportunity that it may at first seem, and that if you put your money into it, you stand every chance of never seeing it again.

I personally know people who have put money in this thing and have never seen it again. So do most of you. That's why I am here - to research this and help warn others. I get nothing out of it but knowledge of something I never knew existed before, and that's enough for me.

Hey, Scott Burridge! Let me tell you what I am sick of. I am sick of you BB-ers calling people like me a troll and saying that I must have my own site I'm trying to push because you don't want to consider that what we are saying just might be the truth. You go ahead mate, you keep on looking at your imaginary money in your pretend e-wallet, you add to it if you want, but please, oh please don't start whining and complaining when you cannot get a brass farthing out, and whatever you put in in the first place is lost to you.

Thank you for your kind co-operation with this matter.