Thread: Banners Broker HYIP ponzi scam

ANY AUSTRALIANS READING THIS THREAD - report this BB scam to SCAMwatch home.
There is an online form that can be submitted. I've just done so 'on behalf of someone else', and included links back to this thread and the one on Whirlpool. Lets do our bit to stop this scam infiltrating Australia any more than it already has. Any disgruntled or nervous Australian affiliates, I'm sure Scamwatch would like to hear from you!

A company I worked for is paying a £40k tax bill via CHAPS payment - that goes in same day.

Oh, how the BB lot talk such utter tripe.

I could understand if they said there are 7 days or even a fortnight for it to process but 3 months is ridiculous. It is your money that you have alledgedly earned. Why shouldn't you be entitled to take it out?

Originally Posted by hendyphilhendy

I could understand if they said there are 7 days or even a fortnight for it to process but 3 months is ridiculous. It is your money that you have alledgedly earned. Why shouldn't you be entitled to take it out?

Because it does not exist. Its long gone. Still only 90% sure its a ponzi?

Most amazing thing is people are just accepting it...

Wonder how many people have all their xmas presents ordered on the strength of these payouts and now they will have to cancel them...

Originally Posted by littleroundman

All of which would be true IF Banners Broker were a legitimate business.

Just for a moment imagine that we long term observers of the HYIP ponzi "industry" were entirely correct and Banners Broker was nothing more than a carefully orchestrated criminal enterprise from the moment of its' conception.

losing their money would be only one of the difficulties facing victims.

Identity fraud is almost as profitable a business as running a HYIP.

Think about what personal information Banners Broker has in its' possession.

Think about what sort of money the sort of unscrupulous people such as those behind Banners Broker could make selling such information on the open market.

Don't for a second think it doesn't or can't happen.

Just ask the Ex Zeeklers whose credit card and bank accounts were accessed even AFTER Zeek was closed down.

Please never believe HYIP related identity theft and cash stripping doesn't happen.

It's a very real threat and a very real possibility.

And this is exactly why they want passport copies etc. There is NO other need to send any info like that.

Has anyone who has had an account locked filed a complaint against BB yet? The following may be a useful link to start the ball rolling.

Banners Broker Business Review in Toronto, ON - Mid-Western & Central Ontario BBB

Maybe this will help focus minds on withholding funds etc over at HQ - Complaint is on a quick link on right hand side of the screen.

BannersBroker
Why should I become a Banners Broker publisher?
If you own a website that receives a significant amount of traffic, Banners Broker can help you grow your business through a new revenue stream. As a Banners Broker publisher, your website is included in our database of viable advertising space. When we make a match, advertisements are placed on your website. For every ad impression generated by your website, you earn a pre-set amount of money. Through our program, Banners Broker publishers are able to grow their corporate revenues by taking full advantage of their web traffic.

How do I become a Banners Broker publisher?
To become a Banners Broker publisher, visit our Publishers page. Click on the Register link and follow the instructions to sign up.

I own a couple of websites, so I thought I'll give it a whirl - its free to register and theres a Publisher Sign-Up form here on BB. Followed the instructions to sign up as a Publisher, but when I got to the 'Manage Publisher Sites' screen where your supposedly meant to order code, instead presented was the message "You have not requested ad code for any sites yet". I've looked everywhere, but theres no way to, or instructions on how to, request the mysterious code for my sites. Considering the placement of adverts is sort of paramount to the whole operation (ha!), you'd think there'd be more than 10 words in plain text.

You get access to the rest of the site, with 30 days to give them ID (huh, what for?). So looking around and checking my Account page, and my account type is 'Standard'. I also have 10 General Traffics, whatever they are! So the whole 'sign up as a publisher', I call bulldust - there is nothing. If you have a throw-away email address, sign up and take a look yourself.


I wonder if Allied Wallet have a conscience. Whats their history like with things like this?

Originally Posted by Hypanor

BannersBroker
Why should I become a Banners Broker publisher?
If you own a website that receives a significant amount of traffic, Banners Broker can help you grow your business through a new revenue stream. As a Banners Broker publisher, your website is included in our database of viable advertising space. When we make a match, advertisements are placed on your website. For every ad impression generated by your website, you earn a pre-set amount of money. Through our program, Banners Broker publishers are able to grow their corporate revenues by taking full advantage of their web traffic.

How do I become a Banners Broker publisher?
To become a Banners Broker publisher, visit our Publishers page. Click on the Register link and follow the instructions to sign up.

I own a couple of websites, so I thought I'll give it a whirl - its free to register and theres a Publisher Sign-Up form here on BB. Followed the instructions to sign up as a Publisher, but when I got to the 'Manage Publisher Sites' screen where your supposedly meant to order code, instead presented was the message "You have not requested ad code for any sites yet". I've looked everywhere, but theres no way to, or instructions on how to, request the mysterious code for my sites. Considering the placement of adverts is sort of paramount to the whole operation (ha!), you'd think there'd be more than 10 words in plain text.

You get access to the rest of the site, with 30 days to give them ID (huh, what for?). So looking around and checking my Account page, and my account type is 'Standard'. I also have 10 General Traffics, whatever they are! So the whole 'sign up as a publisher', I call bulldust - there is nothing. If you have a throw-away email address, sign up and take a look yourself.


I wonder if Allied Wallet have a conscience. Whats their history like with things like this?

Have you looked at the Allied Wallet website? www.alliedwallet.com

Right down at the bottom of the screen is a tiny link to Prohibited Industries

According to what's written there, AW don't provide payment solutions to a whole list of businesses, including ewallets. Now am I right in thinking that's what BB use? Oh dear! Maybe AW need to know this

Allied Wallet Transcript

how may we help you today ?
Jason claek15:21:21
hi
15:21:33
i'd like to discuss a company who you work with.
15:21:37
banners broker.
15:22:01
they use an ewallet system - yet in your prohibited industries it says they are prohibited.
Vincent15:23:03
their business is online marketing, not selling or providing ewallets.
Jason claek15:23:40
vincent, they provide an ewallet. They are also a ponzi/pyramid scheme.
Vincent15:26:24
again their business is not selling ewallets. When we talk about prohibited items, we talk about what you sell.
Jason claek15:27:05
i'd like you to pass my concerns onto your manager please.
Vincent15:27:35
i'm not sure i understand your concern.
Jason claek15:28:27
banners broker are an illegal pyramid scheme.
Vincent15:30:11
we do know what bannersbroker is doing. We are in contact with them regularly.
15:30:44
i don't understand your question.
Jason claek15:30:51
okay, i will keep this communication on file and present this to the relevant authorities when the time comes. Thanks

When did you do that Poyol? I was just looking for a 'contact us' but they only have the chat.

I communicated with them through Live Chat.

Jason

For future archeologists, I thought it would be good to list out the ongoing changes to the terms & conditions and execution strategy that Banners Broker is employing, to attempt to keep more members' funds within their cash cycler (thus attempting to lengthen the survival time of the ponzi):

Let me know if I missed any:

1. Basic/arbitrary delays in paying withdrawals.
2. Encouraging people to purchase new packages from existing "profits" -- to transfer to another (ideally, new) member.
3. Quickly jumping on Payza's inability to take in new money -- and turning that into shutting off Payza completely, for paying out money (even though Payza says that the withdrawal component is not affected).
4. Without reason, shutting off STP as a payment option.
5. Requiring a three-month advanced notice on any withdrawals over $10,000 -- due to "cash flow management".
6. Massive catch-up on traffic pack payments from months ago -- and requiring a hard commitment of ongoing traffic pack purchases of 75% of any prior period peak commitment (this one is huge).
7. Not giving sales credits for "downlines", for traffic pack purchases, etc. This is constantly cited as an "issue being looked at" but it has been weeks and some affiliates with many downlines are saying their "business" has ground to a halt due to the problem.
8. Cutting the sales credit agreement in half from what it was when people signed up for this program.
9. Assuring their lead affiliates / "independent contractors" continue to convince people to be in this for the "long haul" and use language like "don't even think about withdrawing anything for at least 6-9 months".

The net effect of these means a tremendous amount of retention of otherwise eligible withdrawals. I give them credit for this -- they know they are in deep trouble on cash flow and are pulling out all the stops to keep people from taking their (supposed) profits out of the system.

Originally Posted by Poyol

I communicated with them through Live Chat.

Jason

Yes i can see that! I asked 'when' not 'how', lol! Not that it matters, just coincidental that I was thinking of doing the same thing when you posted that...

Originally Posted by samuel.r

For future archeologists, I thought it would be good to list out the ongoing changes to the terms & conditions and execution strategy that Banners Broker is employing, to attempt to keep more members' funds within their cash cycler (thus attempting to lengthen the survival time of the ponzi):

Let me know if I missed any:

1. Basic/arbitrary delays in paying withdrawals.
2. Encouraging people to purchase new packages from existing "profits" -- to transfer to another (ideally, new) member.
3. Quickly jumping on Payza's inability to take in new money -- and turning that into shutting off Payza completely, for paying out money (even though Payza says that the withdrawal component is not affected).
4. Without reason, shutting off STP as a payment option.
5. Requiring a three-month advanced notice on any withdrawals over $10,000 -- due to "cash flow management".
6. Massive catch-up on traffic pack payments from months ago -- and requiring a hard commitment of ongoing traffic pack purchases of 75% of any prior period peak commitment (this one is huge).
7. Not giving sales credits for "downlines", for traffic pack purchases, etc. This is constantly cited as an "issue being looked at" but it has been weeks and some affiliates with many downlines are saying their "business" has ground to a halt due to the problem.
8. Cutting the sales credit agreement in half from what it was when people signed up for this program.
9. Assuring their lead affiliates / "independent contractors" continue to convince people to be in this for the "long haul" and use language like "don't even think about withdrawing anything for at least 6-9 months".

The net effect of these means a tremendous amount of retention of otherwise eligible withdrawals. I give them credit for this -- they know they are in deep trouble on cash flow and are pulling out all the stops to keep people from taking their (supposed) profits out of the system.

Nice post Samuel.

Did anyone look into the Facebook and Whitepages links I posted a few pages back?

Jason

Originally Posted by Hypanor

Yes i can see that! I asked 'when' not 'how', lol! Not that it matters, just coincidental that I was thinking of doing the same thing when you posted that...

Hypanor, I did it just as I saw you post 'Allied Wallet should know about this should they not' [paraphrase]

Jason

Khawaja, Andy @alliedwallet.com
AlliedWallet, INC
1 Northumberland Avenue
Trafalgar Square, London WC2N 5BW
United Kingdom
+44.2033557790

Allied Wallet have lost $13.3m to the FBI before for channeling gambling money. Feds Grab Online Poker Cash - Forbes
I'm not implying AW is a dodgy business, this sounds like they were the meat in the sandwhich. Is channeling ponzi money also illegal in the US?

US or UK?

Jason

Want to add extortion by accounting error to the list?


see this:

screencapture.JPG

Originally Posted by samuel.r

For future archeologists, I thought it would be good to list out the ongoing changes to the terms & conditions and execution strategy that Banners Broker is employing, to attempt to keep more members' funds within their cash cycler (thus attempting to lengthen the survival time of the ponzi):

Let me know if I missed any:

1. Basic/arbitrary delays in paying withdrawals.
2. Encouraging people to purchase new packages from existing "profits" -- to transfer to another (ideally, new) member.
3. Quickly jumping on Payza's inability to take in new money -- and turning that into shutting off Payza completely, for paying out money (even though Payza says that the withdrawal component is not affected).
4. Without reason, shutting off STP as a payment option.
5. Requiring a three-month advanced notice on any withdrawals over $10,000 -- due to "cash flow management".
6. Massive catch-up on traffic pack payments from months ago -- and requiring a hard commitment of ongoing traffic pack purchases of 75% of any prior period peak commitment (this one is huge).
7. Not giving sales credits for "downlines", for traffic pack purchases, etc. This is constantly cited as an "issue being looked at" but it has been weeks and some affiliates with many downlines are saying their "business" has ground to a halt due to the problem.
8. Cutting the sales credit agreement in half from what it was when people signed up for this program.
9. Assuring their lead affiliates / "independent contractors" continue to convince people to be in this for the "long haul" and use language like "don't even think about withdrawing anything for at least 6-9 months".

The net effect of these means a tremendous amount of retention of otherwise eligible withdrawals. I give them credit for this -- they know they are in deep trouble on cash flow and are pulling out all the stops to keep people from taking their (supposed) profits out of the system.

Don't forget you must also apply for the mastercard. I have heard of reports of people waiting months and months to get one. Some have not been able to get one at all, with no explanation. I know you also have to get documentation signed in the presence of a notary public/commissioner of oaths(God knows why). I wonder would they accept panels as payment!

Also, the last sales pitch I heard 6 to 9 months was no longer any good. You had to leave the money in for a least a year. Of course, if you could hold off for 18 months the returns would be huge(that would cover next xmas' problems as well).

Originally Posted by Beethoven

Want to add extortion by accounting error to the list?


see this:

What site is that from B?

Originally Posted by noname999

What site is that from B?

Its from TalkingBB

I love the advice from the next post. Are they scared or plain stupid?

Hi Jason - I did look at the FB and WP links - but honestly can't really be convinced that's a high probability of the 'right' person.

Not sure it matters either ;-)

Originally Posted by noname999

I love the advice from the next post. Are they scared or plain stupid?

I'm starting to beleive that profiles like prettyflower are directing this scam from the top. I dont think anyone would be that stupid, but that criminal, yes.