Thread: Banners Broker HYIP ponzi scam

You can read the original World Cryptocurrency International / Fintegrity namechange article here at BEHINDMLM.com

Thirteenth REport:
http://www.spergelcorporate.ca/wp-co...ly-25-2018.pdf
page 12 Judgement for $200 million

This reply to a progress request from the receivers has been passed to us...very odd response☹️

'Hello, the Receiver continues to pursue recoveries with individuals and in foreign jurisdictions…at this time we do not know if any funds will be recovered.

Regards,

Msi Spergel inc., court-appointed receiver of Banners Broker International Limited'

Originally Posted by HARRISON

This reply to a progress request from the receivers has been passed to us...very odd response☹️

'Hello, the Receiver continues to pursue recoveries with individuals and in foreign jurisdictions…at this time we do not know if any funds will be recovered.

Regards,

Msi Spergel inc., court-appointed receiver of Banners Broker International Limited'

Not sure why you think this is an odd response. Just because you win a judgment does not mean that you can collect. So what am I missing as to why this is an odd response?

As for any judgment against any individual, if they have no money to pay, the only thing the judgment does is allow a "lien" be placed on them, so if they sold a house, car, boat/yacht, airplane, jet ski, anything of value sold or an inheritance; a portion of the sale/inheritance would be used to apply against the lien/judgment. At least that is how an attorney explained it to me.

If a company is insolvent, the judgement is only a sheet of paper and worth nothing. Rule of thumb in any lawsuit is to make sure the person or company you are suing has money to collect if you win. Otherwise you spent a lot of money to get a piece of paper that says you won, but you end up losing if they can't pay the judgement.

Exactly right, Lynn. As a law professor explained to me, "you can sue anyone for anything... BUT the court will decide who "won" and you can't collect anything from the "loser" that they don't have!

By 'odd' I mean the receiver says 'at this time we do not know if any funds will be recovered.'
when in the last receivers report they stated they had uncovered 'tens of millions' of dollars - but they may mean 'in addition' to the already recovered funds>

The receivers have just issued their latest report.
The only information I can glean from it is that the $200,000,000 fine imposed on Dixit and Smith hasn't been paid and a judge has ordered all frozen funds from various banks etc to be paid to the receiver.
There is no news on when claims are likely to be paid.

Banners Broker International Limited | Spergel Corporate

Don't know why they even bothered writing this letter - just what exactly have these guys been doing for the last six years?

May 2020 letter.JPG

Do we know approx. whereabouts of notorious scammer/promotor of Banner Broker - Immy Aslam and his partner Sharon James? Should be easy to track down their "assets" unless of course, they've been bought in names of friends & family.

Note - Immy's nephew is a Barrister and working for a huge property developer in Manchester. Immy's nephew was also involved in this scheme.

Originally Posted by CitizenKhan

Do we know approx. whereabouts of notorious scammer/promotor of Banner Broker - Immy Aslam and his partner Sharon James? Should be easy to track down their "assets" unless of course, they've been bought in names of friends & family.

Note - Immy's nephew is a Barrister and working for a huge property developer in Manchester. Immy's nephew was also involved in this scheme.

I think you have them mixed up with their Ponzi because it was Traffic Monsoon that they were major players in pimping it. I don't think Immy was in Banners Broker as I don't remember seeing his name, but that was years ago and it is possible he was, just know he and Sharon really pimped Traffic Monsoon.

If I am not mistaken, Immy filed BK trying to avoid his Ponzi winnings from being clawed back from the Receiver. Sharon James has gone on to pimp 2 other Ponzi's and may now be on her third Ponzi since Traffic Monsoon. The other two failed just like Traffic Monsoon failed.

Some bad news to share today I'm afraid.
This email was received by a creditor this morning from Spergel:

Hello,
We have concluded our international tracing efforts and unfortunately have been unable to garner further recoveries.
Given the limited funds recovered, we do not
expect any money to be paid to creditors.
A complete report will appear on our website in due course.
Regards,
msi Spergel inc., court-appointed receiver of Banners Broker International Limited.

https://www.spergelcorporate.ca/img/...-redacted-.pdf
Banners Broker International Limited | Spergel Corporate

MOTION RECORD
(returnable November 1, 2019)

(e) This is a motion to vary the Mareva Order to enable the Receiver to enforce
judgments against Kuldip Josun (“Josun”) and Rajiv Dixit, Dixit Holdings
Inc., Dixit Consortium Inc., and Dreamscape Ventures Ltd. (collectively, the
“Dixit Defendants”). The judgments total over $206 million. As further
explained below, approximately ten bank accounts with balances totalling
approximately $32,000 were caught by the Mareva Order.
...
(o) On August 17, 2017, the Receiver obtained default judgment against Josun
in the amount of Canadian currency sufficient to purchase USD$6,070,790.
(p) The Dixit Defendants consented to a judgment in favour of the Receiver in
the amount of $200 million. The consent judgment was obtained by the
Receiver on July 25, 2018.
(q) Neither Josun nor the Dixit Defendants have satisfied the respective
judgments against them

Originally Posted by Beethoven

I could do it, but have no idea how you do that LOL

"wheres jamie?" A great Idea for a book

Originally Posted by Joe_Shmoe

"wheres jamie?" A great Idea for a book

Sounds like a video game to me.

There is a nice add-on for FireFox & Chrome that will let you take a screen shot called "Awesome Screenshot" try it its great.

Or just copy paste some posts to here.

JW.jpg Hope this works..

Originally Posted by Beethoven

JW.jpg Hope this works..

Thanks for that it looks like a fun thread.

No idea, maxwell, but I really dont want to get banned...they have to approve new accounts on there now

it looks very happy clappy on there now.

no boat rocking

They are doing a wonderful job of keeping up appearances

Originally Posted by Bonzer

Its people like this guy, ASH CAMPBELL that make me sick, with screenshots all over facebook bragging how much he's earned. He says he has put 300 people into his downline, and brags about banking £2000 in 3 days.

Anybody Know this guy? He has a list of his withrawals on the left of the screenshots to tempt people to join.

You can see this technique actually working, drawing people in even now:

Attachment 1752
Attachment 1753
Attachment 1754

Banners Broker will now probably lock his account & stop him withdrawingany cash for breaking the T&Cs

Maybe it does sound bitter but people have to take responsibility for their actions too. There has been plenty discussion on the topic and it has become obvious that it is a scam. If people are just going to take the word of strangers on a social media site, people they have never met, we can hardly protect them. They are their own worst enemy.

Originally Posted by noname999

Maybe it does sound bitter but people have to take responsibility for their actions too. There has been plenty discussion on the topic and it has become obvious that it is a scam. If people are just going to take the word of strangers on a social media site, people they have never met, we can hardly protect them. They are their own worst enemy.

It's not only complete strangers.
For example, in my case a 'friend' involved me in this.
That's how these people work.

Banners Broker is dying. The only thing that would save it now is for these threads to disappear and for a few hundred thousand new members.
But that ain't gonna happen!

Jason

Originally Posted by JordanBright

Hey guys, did any of you see the stuff I wrote, it's some new news



if any of you can comment on this it will be nice, would like to hear what you have to say.

Durham will be in a bit of a pickle when the building gets seized then...

Originally Posted by JordanBright

Hey guys, did any of you see the stuff I wrote, it's some new news



if any of you can comment on this it will be nice, would like to hear what you have to say.

Astonishing amount of information you have found out, I must admit my jaw dropped when I read your post. Think we would have to be very circumspect about getting in between tenant and the landlord.

However, with all that cash swirling about in their coffers, BB has to do something with it, even if it's buying real estate. That at least will have value at the end. Would be interesting whether it was a personal or a company purchase if you get my drift?

Learn How To Effectively Manage Your Own BB Account rip off BB members even more than before Success With Banners Broker by Greg Jeffries

458 people have undertaken this course allegedly.....

"..... Banners Broker is going to change a LOT of people's lives this year. Looking forward to it all"

Yes a lot of people's lives will change this year, but not necessarily for the better.

Originally Posted by Theseus

Durham will be in a bit of a pickle when the building gets seized then...

yep, on my first email I already notified Juli about banners broker and also gave her the paper post about the ireland guy (forgot the name..) and she said it was interesting but nothing more, and it's ok because they can't really do anything else..

Originally Posted by AshKen1

Astonishing amount of information you have found out, I must admit my jaw dropped when I read your post. Think we would have to be very circumspect about getting in between tenant and the landlord.

However, with all that cash swirling about in their coffers, BB has to do something with it, even if it's buying real estate. That at least will have value at the end. Would be interesting whether it was a personal or a company purchase if you get my drift?

yep, not only they got the place but now they are getting money from durham energy, don't know how much but if they want to keep banners alive they will have to dump that money to the pool of money everyone is taking money out.

by the way guys, Juli can't give me any contact info of the last landlord so we are kinda stuck on that part..