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Thread: Banners Broker HYIP ponzi scam

  1. #16951
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    Re: Banners Broker HYIP ponzi scam





    You can read the original World Cryptocurrency International / Fintegrity namechange article here at
    BEHINDMLM.com
    The only thing necessary for the triumph of evil is for good men to do nothing

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  3. #16952
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    Re: Banners Broker HYIP ponzi scam

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

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  5. #16953
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    Re: Banners Broker HYIP ponzi scam

    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'

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  7. #16954
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by HARRISON View Post
    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.
    EagleOne
    Founder/President Eagle Research Associates
    https://eagleresearchassociates.org
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com
    Lifetime Member of the National Association of Distinguished Professionals

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  9. #16955
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    Re: Banners Broker HYIP ponzi scam

    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!
    It seems like in this "industry" common sense is not all that common!

  10. #16956
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    Re: Banners Broker HYIP ponzi scam

    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>

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  12. #16957
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    Re: Banners Broker HYIP ponzi scam

    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

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