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Thread: Banners Broker HYIP ponzi scam

  1. #16701
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by littleroundman View Post
    * We're in a thread discussing Banners Broker - a Canadian based HYIP ponzi fraud. What happens in other countries is for discussion in other thread/s
    well, we are. he's been trying to claim none of it is related to banners broker Canada for some time now.

  2. #16702
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by NikSam View Post

    P.P.S. As another point go through the canadian list of securities violations,
    filter out offline ponzi schemes, and see how the criminals paid for it – it is a freaking twilight zone - just a slap on hands and a fine.
    Track down how many of those were charged criminally after it, you would be surprised , sometimes I would even think that Canada was built for financial crimes.
    Sorry, the more direct links to the lists are:
    persons: http://www.securities-administrators...ons.aspx?id=74
    companies alerts : CSA | Enforcement | Investor Alerts


    Quote Originally Posted by Ken Roklin View Post
    ..., however, you too have not backed those up with any new and relevant facts.
    ..
    I did, in their own relevant payprocessor's threads, saying same over and over here would be off-top.
    Take any HYIP / carding / identitytheft / childporn site online and you will see by methods of deposit or p2p payments that half of the money going trough Montreal's the Patel brothers outfits and Ontario's Stella Hiemstra's SolidTrustPay.

    Criminal charges against ponzi schemes operators in US are much more common, almost every one gets charged.
    Yes there are definitely historically were more of them than in Canada, but 20 year jail sentences vs. 1-2 years on 1 in 10 ponzi schemes is definitely a lack of authorities to uphold the law. Laws are all in place just nobody gives a **** to enforce them.
    Laws in Canada not that harsh , half of the world population will see it is not a big deal to do couple years jail time knowing that they hid multimillion dollar cushion somewhere in offshore.
    Last edited by NikSam; 02-13-2015 at 02:30 PM.

  3. #16703
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by littleroundman View Post
    ...

    Canada is a relatively small country with a relatively small population and a small number of HYIP ponzi frauds.
    ...
    Actually Canada territorially larger than US, not in population.



    Quote Originally Posted by Ken Roklin View Post
    ...just shows that you truly know very little about Canada and it's legal system, and any comments you make regarding Canada cannot be taken seriously. ...
    I know plenty about Canada, I travel there few times a year (Ontario,Montreal)


    Also as off-top, not many know that Charles Ponzi worked as a clerk at Montreal bank in 1907, the bank was charged with fraud and embezzlement. He was a close friend of the banker who disappeared, and the bank partner was also Ponzi's close friend.

    So his financial crime carrier started actually in Canada, way before he launched his famous scheme.

    That you can read in any biography and in his own memoirs
    Last edited by NikSam; 02-13-2015 at 03:05 PM.

  4. #16704
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    Re: Banners Broker HYIP ponzi scam

    Did Southpark not already settle this debate?




    An odd conversation to have. If someone said Canada put out mediocre beer or low grade weed that might be worth bickering about. Toughness on white collar crime, hardly seems up for discussion. Raj never should have been able to create Banners Broker because he should still be in the pokey for ICF World Homes.

    By contrast if asked about America I would say the same thing. The SEC completely missed Madoff, and if he had ripped off a bunch of coal miners instead of Masters of the Universe he would be getting out in a few years. Whether Utah or Ontario has more boiler rooms I can't say, I do know there is too much of this crap up and running. The amount stolen on the end of a phone or keyboard versus the time spent in prison even if caught seems minimal.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  5. #16705
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    Re: Banners Broker HYIP ponzi scam

    Just some examples of sentencing for white collar crime and it shows that the sentences are all over the map and comparable in both Canada and the USA. Comparing 5 years for a $500 mil Ponzi and only 5 years vs. the 13 years a Canadian Ponzi operator received for a mere $2.4 mil fraud makes you wonder which country is tough on white collar crime.

    Canada
    2013, Chodorowski, investment fraud of over $5,000, must repay $1.65 mil and 6 years
    2011, Dube, investment fraud, $500,000, 6 years
    2010 - Johnson, Ponzi scheme, 50 investors, $2.4 mil, 13 years
    2008 - DiGiuseppe, fraud over $5,000, $3.8 mil, 6 years
    2008, Ellis, fraud over $5,000, @ mil, 5 years

    USA
    2012,Kelly,$500 mil Ponzi scheme, 5 years and repayment of $345 mil.
    2014, Wright, investment fraud $1mil plus, 4 years
    2011, Shereshevsky, $255 mil Ponzi, 22 years

  6. #16706
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    Re: Banners Broker HYIP ponzi scam

    Goodness gracious, Ken,

    is "winning" so important to you that you'd go to all the trouble of posting such a pile of irrelevant nonsense which proves nothing ???
    The only thing necessary for the triumph of evil is for good men to do nothing

  7. #16707
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    Re: Banners Broker HYIP ponzi scam

    well, yeah. lmao

  8. #16708
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by Ken Roklin View Post
    Just some examples of sentencing for white collar crime and it shows that the sentences are all over the map and comparable in both Canada and the USA. Comparing 5 years for a $500 mil Ponzi and only 5 years vs. the 13 years a Canadian Ponzi operator received for a mere $2.4 mil fraud makes you wonder which country is tough on white collar crime.

    Canada
    2013, Chodorowski, investment fraud of over $5,000, must repay $1.65 mil and 6 years
    2011, Dube, investment fraud, $500,000, 6 years
    2010 - Johnson, Ponzi scheme, 50 investors, $2.4 mil, 13 years
    2008 - DiGiuseppe, fraud over $5,000, $3.8 mil, 6 years
    2008, Ellis, fraud over $5,000, @ mil, 5 years

    USA
    2012,Kelly,$500 mil Ponzi scheme, 5 years and repayment of $345 mil.
    2014, Wright, investment fraud $1mil plus, 4 years
    2011, Shereshevsky, $255 mil Ponzi, 22 years
    Ken your own example shows 5 crimes committed in Canada and only 3 in the US, what more proof do you need than the ink from your own pen?
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  9. #16709
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    Re: Banners Broker HYIP ponzi scam

    Bad-mouthing any system of law in any country will not bring us anything - you can find in almost every country weak points in this area...what you do here..some of you...is dead work and it turns out looking somewhat pathetic.I am sure the investigators are doing their best contribution and results certainly will not fail.
    Instead of loving people and using money, people often love money and use people

  10. #16710
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by Mundorf
    I am sure the investigators are doing their best contribution
    Investigators - yes

    Their political masters - definitely no.

    And without pressure or comment, that is not going to change
    The only thing necessary for the triumph of evil is for good men to do nothing

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  12. #16711
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    Re: Banners Broker HYIP ponzi scam

    This is in almost every country the reality..but pro forma,if the investigators bring enough strong evidence,State Attorney's Office should draw chargers against Chris and probably some others ...while the Court should say the last word and if it should be unfavourable then State Attorney's Office can always appeal the case.
    Last edited by Mundorf; 02-16-2015 at 09:41 AM.
    Instead of loving people and using money, people often love money and use people

  13. #16712
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by littleroundman View Post
    Goodness gracious, Ken,

    is "winning" so important to you that you'd go to all the trouble of posting such a pile of irrelevant nonsense which proves nothing ???
    First of all there are no winners, just posters stating their opinions and commenting on topics, some backing theirs up with facts while others don't claiming facts are irrelevant nonsense.

    The topic the last few days has been how soft Canada is on white collar crimes and posters, including you, making statements to that effect without backing them up with any facts. Now, that I am giving examples of the sentencing in Canada and the US to show what some of those criminals have received you come out and state the facts are nonsense and irrelevant.

  14. #16713
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by ribshaw View Post
    Ken your own example shows 5 crimes committed in Canada and only 3 in the US, what more proof do you need than the ink from your own pen?
    Come on now, did you really want to see a list of thousands of US white collar criminals? I didn't think so.

  15. #16714
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    Re: Banners Broker HYIP ponzi scam

    You're really bad at this, aren't you Ken ???

    You keep heading off into multiple strawman arguments like a child in the playground.

    The fact America / UK / Australia does or does not do something is completely irrelevant.

    If it were, nothing would ever change.

    Unless, of course, you want to get into a discussion along the lines of "The USA does XXXX, so Canada should do XXXX"
    The only thing necessary for the triumph of evil is for good men to do nothing

  16. #16715
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by Ken Roklin View Post
    Come on now, did you really want to see a list of thousands of US white collar criminals? I didn't think so.
    LOL, I was just joshing you.

    If I look at (Shereshevsky, $255 mil Ponzi, 22 years,) 55 when sentenced he will likely walk out of prison. Restitution WexTrust Ponzi scheme victims will get $22.1 million | Inside Business will be minimal, which it almost always is. Maybe he doesn't need to be doing the big shoe dance at the end of a rope, but life with no parole seems appropriate.

    As for the others, I would ask where is the breakpoint? Is stealing 1 million so much better than stealing 200 million that someone would only get a few years? I can look at the corruption that takes place in the rest of the world and say America is not so bad, then again not so bad doesn't mean status quo should be acceptable.

    Time will tell what if anything happens to Chris and Raj, with million$ involved me hopes for life sentences, or odds are we will be writing about them again in a few years.


    ================================================== ==================

    I just found this, the fraud "could" be on the scale of BB, we just don't know.

    http://www.theglobeandmail.com/news/...ticle23004620/

    The two men were arrested in 2009.


    Police said investors around the world lost between $100 million and $400 million in the scheme. The Crown says many lost their life savings, retirement plans, even equity in their homes.

    The prosecution has indicated it will seek the maximum sentence of 14 years in prison. Both men had remained free on bail but were ordered kept in custody prior to a sentencing hearing expected next week.
    Last edited by ribshaw; 02-16-2015 at 11:37 AM.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  17. #16716
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    Re: Banners Broker HYIP ponzi scam

    Ken, I have been following this conversation and would like to suggest that you are fighting a losing battle. Personally that is why I have pretty much stopped posting in this entire forum. It is really a waste of time in my opinion.

    Unless you bow at the altar of LRM, any facts are irrelevant. Only what he and others like Ribshaw state are apparently the "god's honest truth" or are relevant.

    I had always thought that one purpose of a forum was to exchange ideas and have lively debates. However that is not possible when a forum is run by those who rule with an arbitrary hand.

    Redemption is not allowed either. Even though I originally was a member of BB and then began to speak out against it, LRM remained skeptical and never has had a good thing to say about my learning from my mistake and trying to help others.

    In spite of the fascist methods employed here, this thread most likely succeeded in keeping a good number of people from losing to this scam. It's a shame that so many otherwise good conversations are hijacked by those who are full of themselves and do not respect the opinions of others.

    Over and out.

    Mark

  18. #16717
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    Re: Banners Broker HYIP ponzi scam

    How incredibly sad
    The only thing necessary for the triumph of evil is for good men to do nothing

  19. #16718
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    Re: Banners Broker HYIP ponzi scam

    Hey, Mark,

    remind me, what was it we disagreed about ??

    Oh yes, that's right, you were here defending Investment Intelligence Corporation, Prophetmax Managed fx and Michael Dillard in this thread:
    Investment Intelligence Corporation; dba Prophetmax Managed fx; Senen Pousa, Joel Friant, Michael Dillard , weren't you ???

    Would that be these guys, by any chance ???



    ProphetMax Receivership.com
    The only thing necessary for the triumph of evil is for good men to do nothing

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  21. #16719
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by ribshaw View Post
    LOL, I was just joshing you.

    The prosecution has indicated it will seek the maximum sentence of 14 years in prison. Both men had remained free on bail but were ordered kept in custody prior to a sentencing hearing expected next week.
    I kind of figured that, LOL.

    I don't agree with the max of 14 years for white collar crime, but judges hands are tied and all they can do is give the max. I would like to see Raj and Chris get the max but until that case actually gets to court we won't know. I am sure that when they are sentenced there will be many posters saying they should have received more, no matter what the term.

  22. #16720
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by littleroundman View Post
    You're really bad at this, aren't you Ken ???

    You keep heading off into multiple strawman arguments like a child in the playground.

    The fact America / UK / Australia does or does not do something is completely irrelevant.

    If it were, nothing would ever change.

    Unless, of course, you want to get into a discussion along the lines of "The USA does XXXX, so Canada should do XXXX"
    If I am bad at this then you are worse. There is also no point in discussing anything with you as you have no clue what a real discussion is. If you don't like the facts stated you simply say they are irrelevant and that has nothing to do with the topic. It is actually you that when confronted with not backing up accusations with facts, dismisses the comments as irrelevant, and you take your ball and go home instead of backing up your arguments with actual and relevant facts. Pathetic, really, especially for an Administrator.

  23. #16721
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    Re: Banners Broker HYIP ponzi scam

    @Ken,

    where are Solid Trust Pay, Payza and Evopay based and what percentage of international HYIP ponzi transactions are facilitated by them ??
    The only thing necessary for the triumph of evil is for good men to do nothing

  24. #16722
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by Ken Roklin View Post
    If I am bad at this then you are worse. There is also no point in discussing anything with you as you have no clue what a real discussion is.
    says the guy who insists banners broker never changed it's name to stellar point even after a screenshot of the official name change had been posted in this thread.

  25. #16723
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    Re: Banners Broker HYIP ponzi scam

    Hey LRM, glad to see you took the bait. At least you are consistent. A little off topic, wouldn't you say?

    Your railing against the program you reference is weak at best. No surprise there. You fail to point out that Dillard was completely open with the members regarding the trading fiasco and that all of the other facets of the program are NOT proven to be scams.

    Unless YOU can prove it was a premeditated scam, why not just close your trap about it, take your marbles and go home? Perhaps you need to look up the definition of "redemption". Dillard paid the fine and continued to build his business. Enough said.

    Funny how the "big dawgs" here can say anything they want and never be corrected.

    How sad.

  26. #16724
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by Whip View Post
    says the guy who insists banners broker never changed it's name to stellar point even after a screenshot of the official name change had been posted in this thread.
    Another example of someone who doesn't understand the English or reads into a statement what he wants it to say rather than what it actually says.

  27. #16725
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by littleroundman View Post
    @Ken,

    where are Solid Trust Pay, Payza and Evopay based and what percentage of international HYIP ponzi transactions are facilitated by them ??
    Irrelevant Nonsense. Do your own homework if you want to know.

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