Thread: Banners Broker HYIP ponzi scam

Originally Posted by Whip

no one. it's all a lie like everything else he says.

I don't think anyone expects either Sherriff or Waters to stand up and apologize unreservedly and admit they were wrong, it's not allowable in the Ponzi Pimps Code of Behaviour.

Likewise, I don't think anyone believes for a second any of Sherriffs' bleatings about death threats.

On the other hand, it's 2014.

Victims are less likely to simply walk away and simply forget they have been deliberately ripped off, ESPECIALLY not some of the criminal types who make up a percentage of the HYIP ponzi industry.

I wouldn't mind betting there is a lot of "looking over your shoulder" going on at the minute by some of the more prominent Banners Broker pimps

The only reason why one Iain Sherriff would apologize are not ,of course,the victims...he doesn't care at all how they feel but what does he care is his own ass...he is just trying to show himself as a victim with the hope he will avoid to be a part of investigation - all what he does and will do can be named MANOEUVRE - simple as that

Originally Posted by littleroundman

Victims are less likely to simply walk away and simply forget they have been deliberately ripped off, ESPECIALLY not some of the criminal types who make up a percentage of the HYIP ponzi industry.

I wouldn't mind betting there is a lot of "looking over your shoulder" going on at the minute by some of the more prominent Banners Broker pimps

I hope there is!

I hope those people who promoted this thing, uploaded vidoes praising it, held meetings, spoke about it to people they knew (and those they didn't), ran websites and generally did ALL THEY COULD to recruit people; don't walk away scot free.

As far as I understand it, ignorance is not a defence. We are already starting to see the past being rewritten; references to BB being removed from Linkedin profiles and FB pages, photos and videos deleted, and cried of "We were lied to, we are victims too!" are starting to be heard from some of the very people who pushed this whole scheme from the moment they joined. Joined, and in many cases, ran off to other things (in some cases well over a year ago), presumably when they had milked it for all it was worth. Or when it became obvious to them, with all their, ahem, experience, that it wasn't going to run on for too much longer.

But they didn't share this knowledge with the vast majority of people they lured into this scam, did they? Noooo, in some cases, they carried on defending it and backing it up, telling people not to worry, that it would all come good, posting supporting messages on Fb and other places, calling those who questioned it "trolls" and "haters" and "ignorant" and even "scammers who want to lure you to their site to make money"! Once questions were raised about BB - and good, solid questions, asking for evidence, asking for technical details of what BB said it was - why didn't these promoters stop and ask themselves if there was reason to doubt? They don't seem to have hesitated, do they? They carried right on with their promotion of a venture about which there had to be serious doubts.

Chris Smith was right about one thing though. That e-wallet - he guessed that people would be reluctant to ask to draw out money as long as they could see the numbers in their "e-wallet" getting bigger. (I think ti even says this in the court docs we have now seen.) I personally know of someone who refused to draw out for that very reason (and this was back in the day when people could get money out, before all payments stopped altogether) - because he saw the numbers growing and he was mesmerised by that. Plus, BB apparently told people not to draw out for at least a year while they were "buiilding their business".

I hope that any legal body would ask questions like: Was there evidence that Banner Broker was a scam early on? Should anyone recuriting into it have been aware of this evidence? Did they have reasonable opportunity to see it and was it drawn to their attention? If so, what did they do about it? Did they cease their activity or did they continue, in the knowledge that their were at the very least geuine and well founded doubts about the scheme? Isn't it the case that before you involve someone else, you should carry out all due diligence to ensure the scheme is genuine?

If that does happen, well, a lot of people will be in a lot of trouble. I'd like justice to reach out not only to Smith and Dixit but to others (and we all know who!) in the rest of the world who carried on defending and promoting and recruiting to Banners Broker in the face of all evidence that was shown to them.

Iain, you sound exactly like a heroin addict caught with 100 grams off Heroin stuffed up his Bum, NOoo not me officer, I did not know it was there.. and there is a direct psychological between your mind sets..

Originally Posted by Della Cate

As far as I understand it, ignorance is not a defence.

Especially willful ignorance.

Originally Posted by Della Cate

I hope there is!

I hope those people who promoted this thing, uploaded vidoes praising it, held meetings, spoke about it to people they knew (and those they didn't), ran websites and generally did ALL THEY COULD to recruit people; don't walk away scot free.

If that does happen, well, a lot of people will be in a lot of trouble. I'd like justice to reach out not only to Smith and Dixit but to others (and we all know who!) in the rest of the world who carried on defending and promoting and recruiting to Banners Broker in the face of all evidence that was shown to them.

Ian Driscoll should be right up there with Chris & Raj. I'll bet he's wishing he hadn't sued BBI. He might have shot himself in the foot with his lawsuit and greed.

Originally Posted by Ken Roklin

Ian Driscoll should be right up there with Chris & Raj. I'll bet he's wishing he hadn't sued BBI. He might have shot himself in the foot with his lawsuit and greed.

Agreed he was the TOP UK guy at one point. He suckered many victims into Banners Broker. No Doubt another willfully ignorant buffoon.

Ian Driscoll uk flexkom network marketing expert

driscoll.jpg

Glad to see that the authorities are acting. Well done Canada. Keep on listing all of the evil pond life on here. Any victims reading this need to do the following:-
1. go for chargeback
2. Contact the liquidators
3. Report the ass off of your upline.
4. Consider suing your upline
5. Be careful in future- and.....
6. Most importantly- don't let these evil gobsh**es ruin your life.

Anyone remember this? Still available for watching on YouTube!

Banners Broker Success Story Ian Waterfield - YouTube

Featuring Mark Stokes and Ian Waterfield - the latter sometimes referred to as "The Grandfather of Banners Broker in the UK". I've heard he was a BIG promoter of it a couple of years ago.

Anyone know what has happened to them? Stokes has moved on to other, er, ventures, but what about the other chap?

It is great to see the Canadians finally taking action, but BB was reported to them back in August of 2012 with documentation showing this was a Ponzi. They were also warned that it was growing quickly. BB was also reported to the UK authorities in mid-2013 by a multitude of sources, many who post here. The point being these investigations take time, and there are far more serious issues that law enforcement has to devote their resources. Add in that the law enforcement agencies are stretched thin on resources and people, and you understand why this is just now happening; but it is happening.

I am just not convinced that the authorities are going to go after the major promoters in BB, unless they were "insiders" in BB. TelexFree is the first Ponzi that a few of the major promoters have had civil action taken against them. Hopefully the same will happen here, just not expecting it but will be happy to be proven wrong.

Originally Posted by Whip

Kinda baffled. The great Terry Stern has washed his linkedin of all banners broker and stellar point:

Attachment 8444
Attachment 8445
Attachment 8446
Attachment 8447

On March 6, 2014 it said this:

Attachment 7169
(Mined from Beacon quote http://www.realscam.com/f8/banners-b...html#post67601)

I assume Stern got this gig through Hooker who has also washed his Stellar Point and Banners Broker connections from
http://www.strategyindia.com/team.html

like roaches running back under the kitchen cabinets

Apart from the BB fraud, how many people lost money from credit card fraud from dealing with BB.
A friend of mine is used to buying stuff over the internet, and has never has had his credit card used by anyone else.
He got two new credit cards just to use to upload money to BB using Payza, Solid Trust Pay, and Allied Wallet.
His card details were stolen somehow and used to buy phone cards. They buy phone cards until there is no more money on the credit card. He got the money back from the credit card companies.
But only the credit cards used for BB were used for this credit card fraud.
The other credit and debit cards he uses were not affected, as he didn't use them for BB.
He read on the talkingbb forum that other people had their credit and debit cards used to buy phone cards and other stuff too.
They were not able to find out if the leak of credit card info was from Payza, stp, allied wallet or BB.
So if you have used a credit or debit card to load money into BB, then it is better to change your card and get a new one.

Originally Posted by D. I. S. Gruntled

That may be the case, but someone out there in Facebook land is still trying to deny them the truth. They are still deleting and blocking negative postings. Many of the sheeple still don't know what is going on and still think that BB will return bigger and better than before.

I don't quite get what these FB admins have to gain by continuing to censor the truth. They must surely know the truth themselves, and what they are doing has now changed from blind optimism to involvement in the criminal activities. Whoever they are, they are leaving themselves wide open to prosecution by implication.

Linkedin land is similar. I informed a board member of Linkedin about BB a good 18 months ago and there was nothing done about their BB groups who deleted any critical messages and banned people who asked questions.

Originally Posted by SpiderBear

Apart from the BB fraud, how many people lost money from credit card fraud from dealing with BB.
A friend of mine is used to buying stuff over the internet, and has never has had his credit card used by anyone else.
He got two new credit cards just to use to upload money to BB using Payza, Solid Trust Pay, and Allied Wallet.
His card details were stolen somehow and used to buy phone cards. They buy phone cards until there is no more money on the credit card. He got the money back from the credit card companies.
But only the credit cards used for BB were used for this credit card fraud.
The other credit and debit cards he uses were not affected, as he didn't use them for BB.
He read on the talkingbb forum that other people had their credit and debit cards used to buy phone cards and other stuff too.
They were not able to find out if the leak of credit card info was from Payza, stp, allied wallet or BB.
So if you have used a credit or debit card to load money into BB, then it is better to change your card and get a new one.

That's only the tip of the iceberg with all the personal info people gave them.

Originally Posted by Whip

That's only the tip of the iceberg with all the personal info people gave them.

Including passport details, photographs, signatures, dates of birth, addresses, credit and debit cards numbers, driving licence details.....If you were an identity thief, you could do a lot with all that!

Originally Posted by Della Cate

Including passport details, photographs, signatures, dates of birth, addresses, credit and debit cards numbers, driving licence details.....If you were an identity thief, you could do a lot with all that!

Since Chris Smith has been a fraudster, liar, and con man from DAY ONE, the only logical conclusion is that he has profited off this personal info as well.

Originally Posted by Beacon

I assume Stern got this gig through Hooker who has also washed his Stellar Point and Banners Broker connections from
http://www.strategyindia.com/team.html

The above company/website, Strategy India has a page called "Scam Alert", but one of the bigger scams in the last couple of years, Banners Broker, isn't on that list.

Getting a handle on the scale of this scam.
In addition to the 2?M and 4?M in buildings Carlow court and the other toronto property
from Page 146
Paragraph 40 on
STP 26.038M
Payza - 15.479MUSD
BEANSTREAM/stellar Point - 10.973M
Then theres the 6M "rainy day money" in the Isle of Man Account

Thats 67 Million dollars as a ballpark figure!
Anyone care to correct me?

Originally Posted by Beacon

Getting a handle on the scale of this scam.
In addition to the 2?M and 4?M in buildings Carlow court and the other toronto property
from Page 146
Paragraph 40 on
STP 26.038M
Payza - 15.479MUSD
BEANSTREAM/stellar Point - 10.973M
Then theres the 6M "rainy day money" in the Isle of Man Account

Thats 67 Million dollars as a ballpark figure!
Anyone care to correct me?

But how much went thru Allied Wallet? 50 to 100 million dollars maybe?

Originally Posted by SpiderBear

Apart from the BB fraud, how many people lost money from credit card fraud from dealing with BB.
A friend of mine is used to buying stuff over the internet, and has never has had his credit card used by anyone else.
He got two new credit cards just to use to upload money to BB using Payza, Solid Trust Pay, and Allied Wallet.
His card details were stolen somehow and used to buy phone cards. They buy phone cards until there is no more money on the credit card. He got the money back from the credit card companies.
But only the credit cards used for BB were used for this credit card fraud.
The other credit and debit cards he uses were not affected, as he didn't use them for BB.
He read on the talkingbb forum that other people had their credit and debit cards used to buy phone cards and other stuff too.
They were not able to find out if the leak of credit card info was from Payza, stp, allied wallet or BB.
So if you have used a credit or debit card to load money into BB, then it is better to change your card and get a new one.

That's interesting, because I joined BB in Jan 2013 and left around Jan/Feb this year and in that time, my bank card details were hacked twice. I think the second time was because of being in Penny Scamtrix and the whole massive hacking of people's credit and bank card details debacle that happened earlier this year. The first time I got hacked, I got a phone call from my bank, Lloyds (who I rate I have to say), who told me someone possibly in Poland tried to spend some £150 approx. Part of it on phonecards.

And when you consider how big BB was in Poland.......well, maybe that's just a co-inkydink

Originally Posted by SpiderBear

Apart from the BB fraud, how many people lost money from credit card fraud from dealing with BB.

It's not scaremongering to say that Banners Broker members should be very, very concerned with the possibility their information is already in the hands of criminal gangs.

It is not at all unusual for members of "next-big-thing" HYIP ponzi frauds to discover their identities have been stolen and / or bank accounts accessed.

HYIP ponzi fraud membership lists are worth big money to the criminal underworld and the chances of them being "secure" are next to none.

Banners Broker members would be well advised to keep a very close eye on their bank accounts and credit cards over the next few months and be alert to the possibility their identities have been stolen and ESPECIALLY wary of strangers trying to obtain personal details which could be used to complete the information the criminals already have obtained via the membership lists.

If I'm not mistaken, BB had the right to do anything they wanted with the membership database. I think this was stated in their TOS that the members agreed to by joining. I haven't the time to go back into this thread, but I am sure it was mentioned here. Of course we all know that very few, if any, bothered reading the TOS completely.

and they would have done anything they wanted with it anyway.

Yes it was in the T/C's... on a lighter note does anyone know if the Canadian courts have live video streaming of trials...(cos if they do its popcorn times)..