Thread: Imarketslive - Banners Broker redux ?

Readers may have noticed many of the Banners Broker faithful have moved on from BB and are now promoting IML (imarketslive) so it's probably a good time to take a quick look at the latest "next big thing" HYIP ponzi fraud

Here we have the main imarketslive website



The imarketslive compensation plan which, rather than being a legitimate "compensation plan" explains exactly why imarketslive is a hybrid pyramid / ponzi scheme

By emphasizing their "recruit, recruit, recruit" focus, imarketslive are virtually thumbing their collective noses at the authorities in pursuit of the scammed dollar



A quick list of the "clues" imarketslive is nothing more than the next in a seemingly endless stream of such get-rich-quick schemes:

On the "usual suspect" HYIP ponzi fraud forums ?

Talkgold:

MMG:

Attracted large numbers of Banners Broker pimps:

Check out this rogues gallery of imarketslive promoting Banners Broker faithful:




Had its' MLM aspect analysed by MLM industry reviewer, Oz of BehindMLM:

The conclusion: Behind MLM imarketslive review

Conclusion

Originally Posted by Oz

]I don’t really know where to begin with iMarketsLive. With no retailable products or services, affiliates being charged monthly membership fees and a compensation plan that pays out on the recruitment new affiliates, iMarketsLive from an MLM perspective functions as a pyramid scheme.

Affiliates join the company, pay their $247 a month and are then paid 8% of affiliate fees paid by affiliates recruited by themselves, their upline or their downline.
What this is attached to is irrelevant, as it is the payment of monthly membership fees that generates revenue for the company to pay commissions with.
The fact that iMarketsLive have attached this to a stock market advice service and “buy and sell signals”?

Here’s how iMarketsLive envisage their Live Trading Room will work:

That’s the affiliates at the bottom of the picture, being told what to buy by iMarketsLive’s “expert traders” up the top.

Within the Live Trading Room, you will obtain the following benefits:
-Watch Chris and his team of moderators time the markets using time-tested
techniques that will be well-explained to you and other traders in the room.
-Get detailed explanations of the thought-process behind each and every
single trade that is placed. We provide guidance through each trade as
well as an explanation after the completion of a trade.
There is always a technical reason why we trade!
-Watch how each trade is setup in real-time with exact entries/exits, stops, and targets.
-Daily reviews of each trading day, with recaps of the days trading events
and our game plan for the next day. We never exaggerate results.
-Look over the shoulders of our Expert Traders and see exactly what
they are doing each day to win in the markets.

Originally Posted by Oz

The idea being you sit back, get told what to trade in, follow iMarketsLive’s “expert trader” advice and make bajillions of dollars.
Hell, the SEC are probably on their way to arrest you just for reading about iMarketsLive in this review…

Undoubtedly there will be more to follow as the IMARKETSLIVE pimps and shills do their job and more and more victims are created.