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Thread: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

  1. #251
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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Steve: This nonsense that you had your attorney terminate your broker's license and that is why it does not show up in the FINRA database when checked is BS. FINRA keeps records of all licenses online for 10 years, regardless of who terminated them. Longer if there were any securities violations. If that really was true, you would have immediately come back with that story and not waited so long to post it. So try blowing that smoke up someone else's skirts.
    EagleOne
    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

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by littleroundman View Post
    Which, once again, is a long winded way of saying Stevie is running a HYIP ponzi and/or pyramid scheme which is being promoted by a notorious HYIP ponzi pimp in "Kiss o Death" Kenny Russo and appears on the usual suspect HYIP ponzi forums, where real businesses never appear.


    Everything else is froth and bubble.

    well, the more the number of words, the more true it must be right?
    Haven't lost any money to online scams.......results are typical.

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by EagleOne View Post
    Steve: This nonsense that you had your attorney terminate your broker's license and that is why it does not show up in the FINRA database when checked is BS.
    Haven't lost any money to online scams.......results are typical.

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by SteveLawson View Post
    All of you should take a page from my book, get an attorney to send a letter to google and have your information purged from the servers. <- That is exactly what I did several months ago while I was getting this venture conceptualized with my business partners. I have had all non-relevant information expunged and purged from the internet. Don't you know that is what people do before they come into the public eye? No one needs nonsense stuff online like fishing trip pictures from 20 years ago, old blogs about nothing life changing or of importance to what is going on now.
    Before managing money, delete all evidence you ever managed money?


    Quote Originally Posted by SteveLawson View Post
    How about ************, you email those people and ask yourselves... fake withdrawal posts... lick my balls.
    Much nicer visual than fishing photos.





    Someone's breath smells of balls.

    bigorillaz

    post Today, 02:44 AM
    Post #135

    MMG Member
    **********
    Group: Member
    Posts: 1,311
    Joined: 23-November 07
    Member No.: 126,026


    Got paid within the time frame mentioned from my recent withdraw request... thanks

    Date: October 05, 2015 6:02:55 AM
    Amount Sent: $9.90 USD



    Quote Originally Posted by SteveLawson View Post
    This is the same stuff I have been posting and posting and posting and posting and posting and posting on here and yet, no one is reading it.

    Instead of wondering what direction I piss in,
    Stop busting my balls for Christs sake!
    go **** yourself! :-)
    RIBSHAW, YOU DON'T BUY THE STOCK OUTRIGHT, YOU BUY THE OPTIONS ON IT AT A CERTAIN STRIKE PRICE, YOU ARE AN ASSHOLE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!
    GO **** YOURSELF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Littleroundman, I have been trying to explain it to you in a very easy way so you would understand, each and everytime you turn around and bash me or the site spewing **** you have no ******* Idea what it is you are talking about. DO SOME ******* RESEARCH YOU ******* MORON!! "pyramid" and "ponzi" YOU'RE OUT OF YOUR ******* MIND ASSHOLE.
    You two are the most stupidest pathetic ******* morons and pathetic sissy assholes this side of the nut house, and I mean that kindheartedly
    NUMBER 1: STOP ******* SAYING **** THAT IS NOT TRUE!
    NUMBER 2: BEFORE YOU CONTINUE TO RUN YOUR RETARDED COCK SUCKING MOUTH, DO YOUR ******* RESEARCH YOU STUPID FAT PIECE OF ****.
    Hey you ******* piece of ****, umm, those are real people posting all of that, not me, How about you message them and ask you ******* asshole piece of **** scum bag. And here I thought you were an alright guy, then you say you're rooting for me and stuff. Tell ya what... GOO **** YOURSELF YOU COCK SUCKING ******!



    Quote Originally Posted by SteveLawson View Post
    you can see time and time again I have continued to post this same exact information


    Quote Originally Posted by SteveLawson View Post
    "ONCE THE INFORMATION IS UPDATED CREATED, THEN YOU ALL CAN HAVE AT IT"
    Fixed it for you !!! Where's my $9.90 big boy???
    "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

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  9. #255
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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by ribshaw View Post
    Before managing money, delete all evidence you ever managed money?
    lmao. yeah, that excuse is some weapons grade stupid.
    Haven't lost any money to online scams.......results are typical.

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by SteveLawson View Post
    I do have a drivers license. I never registered to vote. Real Estate and Utility bills are under an estate trust. As I have said in a few posts already, once the business information is updated, removing my home address then I will post the info.



    I'm not dancing around anything, I only said countless times already, once the info is updated, you all can have at it.
    Quote Originally Posted by SteveLawson View Post
    LoL, Steven Lawson, State Issued in CA. I lived there for about 5 years. While I was out there I exchanged my NY license for a CA one.
    So you have set this all rather nicely so that when anyone comes to look for you the hope is they will be looking on the other side of America....

    If you were running an honest business then people would have up to date contact info....Honest people change the address on their licence when they move state....
    What honest people never do is leave the only points of contact as a disposable Gmail addy and a cell phone number which you can change in a day and simply vanish...

    An honest person can have all their business info updated in a day or 2......How many years will it take you?????.....
    ʎɐqǝ uo pɹɐoqʎǝʞ ɐ ʎnq ı ǝɯıʇ ʇsɐן ǝɥʇ sı sıɥʇ

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Somehow my insurance company knew about this thread:

    scammer lol.JPG
    Haven't lost any money to online scams.......results are typical.

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by ProfHenryHiggins View Post
    Although why a responsible business would be using a free gmail account for communications - andromediallc@gmail.com - is a bit of a headscratcher. The other known accounts connected to your company are corporate ones.
    Umm, Hello Professor Stupid. That email account is not used for business communications. Its quite obvious the other email addresses are used for business communications. That gmail account is not just email. As you know, ( or perhaps not.. ) Everything google offers, links to a google user ID. so that is where that came from. Everything from google domains, google email for business, etc..etc... Your the professor meanwhile you're a stupid moron. You must 60's - 70's because only old wastes of life like yourself would be so ******* stupid.

    Quote Originally Posted by littleroundman View Post
    Which, once again, is a long winded way of saying Stevie is running a HYIP ponzi and/or pyramid scheme which is being promoted by a notorious HYIP ponzi pimp in "Kiss o Death" Kenny Russo and appears on the usual suspect HYIP ponzi forums, where real businesses never appear. Everything else is froth and bubble.
    Littlroundman, please look up the definition of pyramid scheme, the site is the farthest thing from a pyramid. As I explained, an MLM company like zango, who first, you pay to signup, then you MUST maintain an autoship amount to qualify for commissions, Then you must get other people signed up under you to make money. <-- Hence... pyramid scheme. The rev share site in not a pyramid in any way, shape or form. It utilizes an optional affiliate marketing side of the site for those who are interested in promoting <-this is not mandatory or forced. Please look up affiliate marketing. The site is not a ponzi in any way shape or form.

    Ken is not a notorious HYIP ponzi pimp, He joins something, sends a writeup newsletter to his lists. If they join too, he makes money, if not.. all well. Email Marketers make a ton of money, some are in multiple niches, others just stick to a few. It is not Ken's fault that he built a list of people who like to spend money in certain niches of the Internet. Look up Email Marketers.

    I can not help who is posting the site where. the members do what they do to get people to join under them. that is all out of my hands. The affiliate marketers promote however they promote. If that is posting on other forums, so be it.


    Quote Originally Posted by EagleOne View Post
    Steve: This nonsense that you had your attorney terminate your broker's license and that is why it does not show up in the FINRA database when checked is BS. FINRA keeps records of all licenses online for 10 years, regardless of who terminated them. Longer if there were any securities violations. If that really was true, you would have immediately come back with that story and not waited so long to post it. So try blowing that smoke up someone else's skirts.
    Eagle, I never said that is why it does not show up in the check, when did I say that?

    Quote Originally Posted by okosh View Post
    So you have set this all rather nicely so that when anyone comes to look for you the hope is they will be looking on the other side of America.... If you were running an honest business then people would have up to date contact info....Honest people change the address on their licence when they move state.... What honest people never do is leave the only points of contact as a disposable Gmail addy and a cell phone number which you can change in a day and simply vanish... An honest person can have all their business info updated in a day or 2......How many years will it take you?????.....
    Umm, okay Asshole... Everyone of importance has my direct contact info and knows exactly where I am. In what regard have I set this all up rather nicely? Anyone of any importance or authoritative capacity knows exactly where I am.
    If you happen to read what ken posted, which is everything I wrote to him in an email. Currently, there is no physical business location. We are a collective group of partners. We get together here in the City at a regus office building. We are thinking about renting an office, but for what purpose exactly? The rent here is sky high, we would ******* stupid to pay rent here. We're looking for a place on Long Island. But, in all honestly, don't you know by now 99% of sites online use business forwarding addresses? davincivirtual.com

    The ******* overhead is way too ******* high on an office building.

    What other points of contact would you like? How about to make you happy, I setup an 800# and have that forwarded to my cellphone. You are a stupid ******* moron.

    What other points of contact would you like?
    Last edited by SteveLawson; 10-05-2015 at 11:38 PM.

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by ribshaw View Post
    Before managing money, delete all evidence you ever managed money?
    Who said anything about managing money?

    I guess there is some kind of confusion.
    let me simplify it. the site is a rev share site, plain and ******* simple. Ok, that is one thing and completely separate.
    I'd like to have another site that has nothing to do with the rev share site, where people can join for free and learn how
    to trade the markets to make money. This is a totally separate thing. Did I mention, that does not require any ******* license.
    How many sites exist of people doing the exact same thing? Hundreds if not thousands. And still, I'm not managing anyone else money
    but my own. If they see what I do and make money, they can sit at their computer and do the same ******* thing.

    I can not fathom what a majority of you on this site does not ******* comprehend. I swear, all of you are morons.
    Last edited by SteveLawson; 10-05-2015 at 11:42 PM.

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by SteveLawson View Post
    Umm, Hello Professor Stupid. That email account is not used for business communications. It quite obvious the other email address are used for business communications. That gmail account is not just email. As you know, ( or perhaps not.. ) Everything google offers, links to a google user ID. so that is where that came from. Everything from google domains, google email for business, etc..etc... Your the professor meanwhile you're a stupid moron. You must 60's - 70's because only old wastes of life like yourself would be so ******* stupid.
    Hmm. As far as my age, do the names Utanapishtim, Deucalion & Noah come to mind, mortal man?

    As far as that gmail account, let me repeat something posted by Ken Russo on another website.

    Here is a copy of my team update sent just now to my group and to Steve Lawson.....

    ================================================== ===
    Subject: My Binary Profits Team Update - Response From Admin - Question About
    External Source Of Income

    October 5, 2015

    Greetings Everyone,

    Here is the message I received from Steve in response to my team
    update from 9/30 wherein I expressed my concern due to the lack
    of updates from him. He did respond the same day. However, as I
    stated in my update on 9/30, I was away from my office until
    yesterday.

    --------------------------------------------------------------------------------
    Hi Ken,

    Steve here,
    If you have any questions or need any updates, send me an email
    here in customer service or to andromediallc@gmail.com

    We are here and working hard everyday. I did read your email and
    would like to know what negative stuff is circulating? As I would
    like to address it personally.

    Talk to you soon,
    Steve Lawson
    -------------------------------------------------------------------------------

    Here is the message he sent to my sponsor in response to the same
    update....

    -------------------------------------------------------------------------------
    Harris,

    This is Steve Lawson,
    email me directly at andromediallc@gmail.com if you need an
    immediate response.

    I hear you loud and clear and will update the news feed more
    frequently. There has not been anything to write about, but the
    good news is the site team is fixing the data on the front page
    to display withdrawals.

    They are also making room for onsite advertising that members
    can purchase.

    Waiting to hear back from STP, as soon as I do, we'll add that
    to the site as well.

    I will update what I can in the news feed, which will be pretty
    much what I just wrote here.

    Other than that, we're growing each and everyday. I heard some
    feedback that people feel this one is a slow mover. Well...WHAT
    WE ARE NOT... <- This is not a site where the first movers and
    shakers cycle dozens and dozens of times and those late to the
    party earn nil and the site disappears into thin air.

    The site is setup the right way, unlike overseas sites where they are
    questionable with broken English all over the site, no offence.

    As far as negative feedback, That stemmed from a group of Ken's
    haters.

    If you have any questions, or Ken, email me and I will address any
    issues or questions that you have. This site is moving right along as
    it should be, just a couple of little changes.

    Steve Lawson
    ---------------------------------------------------------------------------------

    It's nice to see that 2 updates have been posted at the website since
    my last update and everyone should understand that this program is
    a work in progress. Now I am anxious to learn more about the external
    source of income mentioned in my original advisory at which time I
    sent Steve this message.....

    ================================================== =
    Hi Steve,

    I am very interested in your program, mainly because of this
    statement posted at your website.....

    -----------------------------------------------------------------------------------
    Sustainability - 60 binary accounts under management with an
    88% success rate. 30 accounts are managed to trade when market
    prices fall. The other 30 accounts trade when market prices rebound.
    Not only do you receive shared revenues from site sales but you also
    receive shared profits from these accounts under management. Each
    week we 100% match all shared site revenues. This means you earn
    twice as fast than our leading competitors. No Stalling!
    -----------------------------------------------------------------------------------

    This implies that there is an external source of income which separates
    this program from most which are strictly ponzi schemes. Can you
    confirm that this is true? Also, please provide the name(s) of the program
    founders and/or admin team along with your location and contact phone
    number and as much additional information as you are able to provide,
    especially regarding your trading activities

    Please understand that I take the due-diligence process very seriously. I
    report to a large number of folks worldwide which includes my personal
    networking database and their networks, blog and forum administrators,
    etc. These folks depend on me to provide them with accurate information
    in a timely fashion. As a program administrator, I'm sure you can appreciate
    the value of open lines of communication.

    I look forward to your prompt response and to the possibility of working
    with you and supporting you new project. I am a member of your program
    and I have made a $50 Ad Pack purchase.

    Regards,

    Ken Russo
    ================================================== ==

    Here is the response I received from Steve at the time....

    ================================================== ===
    My Binary Profits will be the best site out there and will stand the test of
    time and Nay Sayers. I am New York born and raised. A Bear Sterns
    Financial Adviser for many years. It's rough and tough New York,
    especially working all the years I did in this city on wall street. I'm
    not new to the internet, but I am new to Internet Business Ownership.
    Members will be able to speak to me on skype, in facebook and on my
    cellphone. Also, I'll be taking members ( for free ), all those interested,
    on skype groups and google hangouts ( and hopefully I can get something
    better ) to live stream as I'm trading, and not just Binary, but real market
    trading on wall street. I will be covering trading and investment strategy,
    I will stress how to money manage and not get greedy, know how and
    when to take profits and know and when to get out of a falling investment.
    Members will see me just about everyday once I get the ball rolling with it.
    I can meet members here in the city, around the city, on Long Island as well
    as to the places I travel too. I always make time to meet people. I'm part of
    a Regus group which allows me to use offices anywhere in the world to meet
    with people.

    Your Questions;
    Sustainability Statement;

    Q: "This implies that there is an external source of income which separates
    this program from most which are strictly ponzi schemes. Can you confirm
    that this is true?"

    A: Yes this is true. I wrote that statement myself and gave it to the site
    team to put on the site.

    Q: "Also, please provide the name(s) of the program founders and/or admin
    team along with your location and contact phone number and as much
    additional information as you are able to provide, especially regarding
    your trading activities"

    A: I've been trading the markets since the 90's. Members will see me live
    trading, on skype, google hangouts, and as I already mentioned, hopefully
    a much better interface where I can have thousands of members on with
    me, daily without any disruptions. ALL FREE. Members will have all of
    my contact info. Facebook, skype, email, and my cellphone number if anyone
    needs to get a hold of me directly. I have nothing to hide. Plus, I'm the only
    company out there right now that gives 100% FULL REFUNDS! I'd like to
    see other sites do that. I don't play any games and that is the bottom line.

    ADMIN/OWNER: Steve Lawson < That's me. There is no one else involved.
    Granted I have backers, friends, close associates, Private Investors... However,
    I'm the one that is solely responsible. This company belongs to me and me only.

    Site Team: Here in New York, I go to see a lot of tech, design, programming,
    web development & security startups. I even invest a ton of money with some
    of them. Out here is very fast paced, much faster now then ever before. Over
    the past 10 months, give or take, I've put together a group, a "collective" sort
    of speak. They do the work on the sites to exactly my specifications and nothing
    is changed without my approval. We all handle customer service around the clock.
    Most customer service work is done remotely. The site team log into the customer
    service area and clock hours doing customer service, of which I pay them at the
    end of each week for, and also I pay them for updating the site which is just about
    complete now. It is mostly freelance right now until it becomes more permanent
    over time.

    Location: There is no physical office as of yet. Everyone meets here in an office
    building that is part of regus. Like I said I do have access to a ton of offices world
    wide If anyone wanted to meet. And also I can meet when traveling too. I travel
    about 4 times during the year. I'm still debating on renting a small office here in
    the city but the rent is a bit pricey. I may get a small office on Long Island close
    to my home in Sands Point, I'm mostly in the city during the week, but am at home
    on the weekends.

    Phone Number: My cell number 516-423-2247. If you do want to call, please
    not over this weekend as I will be working with my site team to complete
    the site! Any additional questions, send me an email! I'll get to it just as
    soon as I possibly can.
    ================================================== =========
    End

    I am still uncertain as to how or when this external source of income
    will come into play and I'm hoping that Steve will provide more details
    about this soon.

    Ken
    It certainly sounds like you discuss business through it.
    And claiming that Ken & Harris are honest businessmen would be perjurious in court if you knew how many cash gifting schemes and programmes shut down by the authorities as illegal they have both promoted & participated in.
    If you are in Prosper With Integrity, and do not like that your personal information has been published here, please talk to these good people: http://www.attorneygeneral.gov http://www.ic3.gov http://www.fbi.gov

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by ProfHenryHiggins View Post
    Hmm. As far as my age, do the names Utanapishtim, Deucalion & Noah come to mind, mortal man?
    You got me, I am mortal man.

    Quote Originally Posted by ProfHenryHiggins View Post
    As far as that gmail account, let me repeat something posted by Ken Russo on another website.
    The business has the customer service email addresses to reach the support agents, but if anyone needed direct immediate assistance from me, sending an email to that account comes right in to my tablet and cellphone which allows me to help anyone out or answer questions anywhere.

    Quote Originally Posted by ProfHenryHiggins View Post
    It certainly sounds like you discuss business through it.
    Not really. Business is one thing, helping a member set up their ads on the site, is not business per say, but being tied into customer service at any time, even while sitting on the couch watching an episode of supernatural. What a great show!

    Quote Originally Posted by ProfHenryHiggins View Post
    And claiming that Ken & Harris are honest businessmen would be perjurious in court if you knew how many cash gifting schemes and programmes shut down by the authorities as illegal they have both promoted & participated in.
    Holy Moly, it's not about what they promote. Not everyone knows what is a good site to promote and what is not a good site to promote. Cash Gifting sites? Hello, that is so 10 years ago. Still, a ton of people made a ton of money from them back in the day. You can not be mad at an Internet Marketer for promoting something that got shut down, how are they suppose to know before hand? YES! Be mad if he actually owned those companies, for sure. Anyone remember Joe Schroeder? He is the reason why I became involved in the Internet marketing niche. Who knows, perhaps Ken russo is his alter ego, perhaps Ken Russo is one of you on this very forum? HMMMM, Who could it be? I wonder?

    I've been online since the mid 90's, I've been a member of so many sites it is not even funny. I have marketing lists built out into the hundreds of thousands over the years. It most certainly does not make me a bad person If I joined something, Lets say, JBP ( LoL... ) and sent emails to thousands of people and got hundreds of signups and made tons of money, then promoted my links out on make money forums and so forth. <--- that was mighty novice times back then, but Internet Marketers need to start somewhere.
    Last edited by SteveLawson; 10-06-2015 at 12:34 AM.

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by SteveLawson View Post
    I swear, all of you are morons.
    That may very well be true,

    HOWEVER,

    none of us are running a ponzi and/or pyramid scheme being pimped by a serial ponzi and/or pyramid scheme promoter with its' own thread on multiple forums whose only purpose is to encourage and promote participation in ponzi and pyramid schemes.

    YOU, on the other hand.............are
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by littleroundman View Post
    That may very well be true,

    HOWEVER,

    none of us are running a ponzi and/or pyramid scheme being pimped by a serial ponzi and/or pyramid scheme promoter with its' own thread on multiple forums whose only purpose is to encourage and promote participation in ponzi and pyramid schemes.

    YOU, on the other hand.............are
    Again, Did you not look up these definitions? Are you not reading what it is I am writing?

    Prove What You Are Saying Is True you ******* con artist, Go find another foreign woman to scam.

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by SteveLawson View Post
    Again, Did you not look up these definitions? Are you not reading what it is I am writing, you ******* piece of dog ****?

    Prove What You Are Saying Is True you ******* con artist, Go find another foreign woman to scam.
    I am quite familiar with the definitions, you smooth talker, you.

    Maybe you should take your own advice and get a lawyer familiar with the Howey Test, endless chain recruitment schemes and investment fraud
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by littleroundman View Post
    I am quite familiar with the definitions, you smooth talker, you.

    Maybe you should take your own advice and get a lawyer familiar with the Howey Test, endless chain recruitment schemes and investment fraud
    OK, Number 1: Why are you adding words into my quote that I didn't put?

    Secondly, My Group of attorney's are very familiar...

    [1]Howey test, <- nope, doesn't qualify.

    [2]Endless Recruitment Chain, <- again, an optional affiliate marketing program on the site is not an "endless recruiting chain". Zango, as I mentioned. an MLM, where first to join, you pay an 100+ dollar signup fee. You MUST maintain an autoship of a certain amount to qualify for commissions, The only way to make money is by recruiting others <-- Pyramid scheme, <-- endless recruiting chain. On my site, no recruiting is necessary, mandatory or forced, no one needs to recruit in order to make money. This company makes money on backend sales through the sales funnel, The company makes money regardless if there is one member or one hundred thousand. Viral marketing, Affiliate Marketing is not "endless recruitment chain".

    [3]Investment Fraud <- Nope, doesn't qualify, there is no fraud.

    Must we keep going around in circles?

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by Steve Lawson
    On my site, no recruiting is necessary, mandatory or forced, no one needs to recruit in order to make money.
    SEE ???

    Now I know you are lying about consulting a lawyer.

    Recruitment being "necessary" or "forced" are NOT criteria for deciding whether or not a program is an endless chain / pyramid scheme.

    If a participant CAN or DOES earn the majority of his / her income from the program by recruitment of others, then the program is an illegal pyramid scheme

    See that word "majority" ???

    That's the same word used by the judge when imposing restrictions on Vemma in the current case against it by the FTC

    Consumer losses are inevitable because Vemma is an illegal pyramid scheme that rewards affiliates for recruiting participants rather than for selling products, the FTC alleges.
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by littleroundman View Post
    SEE ??? Now I know you are lying about consulting a lawyer. Recruitment being "necessary" or "forced" are NOT criteria for deciding whether or not a program is an endless chain / pyramid scheme. If a participant CAN or DOES earn the majority of his / her income from the program by recruitment of others, then the program is an illegal pyramid scheme. See that word "majority" ??? That's the same word used by the judge when imposing restrictions on Vemma in the current case against it by the FTC

    ? Again, you still are confused with pyramid scheme and Affiliate Marketing.
    Are you familiar with Aweber? The AWeber Email Marketing Affiliate Program | AWeber
    They offer an email marketing product/service, all huge email marketers use aweber. Prices vary from ok, to ******* ripoff. as an affiliate marketer of Aweber, anyone can signup for free and sell the product/service. When someone signs up under their link, they earn money. It is residual earnings because it is a monthly product/service. The aweber affiliate program is the only way to make money with them and you don't have to be a paying member in order to become an affiliate of the company.

    Wouldn't you agree... If I was an affiliate marketer of Aweber, my only income would be from technically... "the recruitment of others"... OR would it be looked at as... selling the product/service to others and earning a commission on the sale of the product/service?

    See? do you see the difference now? Affiliate marketers of aweber earn a commission for selling the product/service to others. the product/service that they are selling is awebers email marketing.

    Vemma, is being considered a "pyramid scheme" because 1: It is MLM <- MULTI-LEVEL MARKETING, Multi-Level meaning... I join, I recruit you, you pay to signup, I make money, You get your friend to join, your friend pays to signup, you earn money, I earn money too... It is Multi-Level, If I were, lets say, in the first spot, you would be my first level, when you bring your friend under you, that would be my second level. <-MLM, MULTI-LEVEL MARKETING.
    Vemma, like most MLM companies, have a product to sell and have a MLM compensation plan to go along with it. A pyramid scheme is where a person makes more money filling up their matrix in the MLM compensation plan, Because everyone is paying a signup fee or an enrollment fee... then they actually do just selling the company's product/service.

    As you can see... Affiliate Marketing is just reselling the product/service of a company. Nothing Illegal with reselling or selling a product/service and earning a sales commission.
    If you made widgets all weekend. Then loaded them up into a cart and went around town selling the widgets that you made to people... That would be your business, you earn money from selling your widgets.
    If you had more widgets than you could sell on your own... You enlisted the help of a fellow friend to take another cart and go to another part of town. You give him a percentage of the sale of each widget that he sells. <-- this is not considered a pyramid scheme, If it was, every company would be out of business. You either can pay your friend an hourly wage, or you can pay him a percentage of each sale as his income. <-- ain't nothing the **** wrong with that.

    Members of my site can 1: JOIN FOR FREE! 2: IF THEY WANT TO, THEY CAN BE AN AFFILIATE MARKETER, FOR FREE AND OFFER THE PRODUCT/SERVICE OUT TO OTHERS AND EARN A COMMISSION OF EACH SALE THEY MAKE.
    How are you not seeing this?
    I do not have 2 parts of the company. The product/service offered for sale is advertising. Members can join for free, they can either purchase the advertising or they can sell the advertising and earn a sales commission. That is all!
    They are not talking to their friends, family, work buddies, to try to get them to signup for a fee, be forced to maintain an autoship of a certain amount each month, then go and recruit others to become distributors so they make money off of those peoples autoships down multiple levels of recruitment. <- this is a pyramid scheme. End of Story.

    It is not a pyramid scheme when 1: It is just one level. you earn a sales commission based on selling the product/service to someone else... Not who that person then sells it to.
    It is not a pyramid scheme when 2: No cost to join!

    Earning a commission from selling the product/service does not make it a pyramid scheme, what is it that you can not ******* understand?

    Amazon, YEP that huge company that sells a ton of **** on the Internet, They have an Amazon Affiliate Program. Anyone can join, FOR FREE and sell ANY PRODUCT on their website. When a person buys the product ( through an affiliate link ) the affiliate marketer earns a sales commission off of the sales of that item, whatever it may be. <-- This is called Affiliate Marketing, not a pyramid scheme.

    If amazon connected an MLM compensation plan to that, lets say a 5x5 MLM, You recruit 5 who recruit 5, down 5 levels, Full matrix would be 3,125 people. If everyone of these people needed to maintain an 'autoship' of 80 dollars each month and you earned 10% down each level, your earnings per month when you filled your matrix would be $25,000. SO... Are you gonna sell widgets and earn 5 bucks each OR are you gonna start recruiting people and building your multi-level downline? <-- MLM pyramid scheme, majority of your earnings come from recruiting others than by selling the actual product/service.

    Affiliate Marketing:
    You join for free - You sell product/service on behalf of the company -> you earn a commission of the sale.
    Read this to see how it works...

    Bob asks "hey little, whatcha selling..."
    little: "ohh, just these widgets, the ladies like them a bunch, it delivers quite the sensation down below, they call it the rabbit or some ****. A company supply's me with these widgets, if I sell one I get 10% of the sale"
    Bob says "oh neat, I can use some extra money, I do have some time to sell these widgets too"
    little says "oh neat, yeah the company has a whole warehouse of this ****, I'm sure you can join and sell them too."
    Bob goes to warehouse, grabs a form and signs up. Bob takes widgets all around town and sells a bunch of them

    little: "hey Bob, how's it going, are you having any luck selling the widgets..?"
    Bob: "oh hey little, you sure bet varmint! I sold like a hundred of these vibrating rabbit things just this week! I made a good amount of money plus a bonus Doc Johnson 12 inch driller-ma-jig, I can keep it myself or sell it to some desperate housewife, like yours.."
    little: "well gee golly gee Bob, that sure is swell you are selling so many, I only sell about 3 a week at the senior homes, I don't know anywhere else to pick up easy available women at. They don't like these cause they burn through the batteries pretty quickly"
    little thinks... " golly gosh bob, wouldn't it be swell yeah, be swell you know, if.. golly gee, I earned money off of what you sold, and we charged people a fee to signup to do this as well... that would be awfully swell..." ( the birth of the pyramid scheme )


    There you have it Little. You can sell widgets, Bob can sell widgets too. what you do or what Bob does has no effect on either one of you. That is Affiliate Marketing!

    If you charged bob a hundred bucks, went to that warehouse, grabbed a bunch more widgets and gave them to bob and said to bob "here, you sell these and you'll earn 5% of whatever you sell.." <- see, you are keeping the other 5% from whatever bob is doing. Would you want to continue to sell these widgets, or would you rather find more friends to sell them while you are doing nothing but jerking off at the senior center and earning money at the same time? What if you told those friends, if they found friends to sell the widgets too, they would earn 3% off of them too... <-pyramid scheme! LoL :-)
    Last edited by SteveLawson; 10-06-2015 at 04:26 AM.

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    I'm quite familiar with Aweber. Primarily due to how many chain letter and cash gifting scams try to abuse their service for email lists. And in the course of fighting against those scams, I've found the following description of how pyramid schemes differ from multilevel marketing/network marketing rather useful.

    http://www.michigan.gov/ag/0,4534,7-...8400--,00.html
    Multi-Level Marketing or Illegal Pyramid Scheme?

    CONSUMER ALERT
    BILL SCHUETTE
    ATTORNEY GENERAL

    The Attorney General provides Consumer Alerts to inform the public of unfair, misleading, or deceptive business practices, and to provide information and guidance on other issues of concern. Consumer Alerts are not legal advice, legal authority, or a binding legal opinion from the Department of Attorney General.



    Multi-Level Marketing or Illegal Pyramid Scheme?
    What is the Difference?


    "Multi-level" or "network" marketing is a form of business that uses independent representatives to sell products or services to family, friends, and acquaintances. A representative earns commissions from retail sales he or she makes, and also from retail sales made by other people that he or she recruits. Examples of well-known multi-level marketing companies include Amway and Mary Kay Cosmetics.

    Some companies call themselves multi-level marketing when they are really operating pyramid schemes that violate Michigan's Pyramid Promotion Act. Even when a multi-level plan does not violate Michigan's Pyramid Promotion Act, the marketing of the plan may violate Michigan's Consumer Protection Act, if the acts, methods, or practices are unfair, unconscionable, or deceptive.

    It is understandable that consumers often have difficulty telling the difference between an illegal pyramid scheme and a legitimate multi-level marketing opportunity. Governmental regulators and the industry continue to debate where the legal lines are drawn. Multi-level marketing is a lawful and legitimate business method that uses a network of independent representatives to sell consumer products. Compensation must primarily be based on the sale of products and services to the ultimate consumer.

    Pyramid schemes claim to be in the business of selling products to consumers in order to look like a multi-level marketing company. However, little or no effort is made to actually market the product. Instead, money is made in typical pyramid fashion...from recruiting other people to market the program. Sometimes, new "distributors" are persuaded to purchase inventory or overpriced products/services when they sign up.

    Pyramid companies make virtually all their profits from signing up new recruits and often attempt to disguise entry fees as the price charged for mandatory purchases of training, computer services, or product inventory.

    Pyramid schemes are not only illegal; they are a waste of money and time. Because pyramid schemes rely on recruitment of new members to bring in money, the schemes often collapse when the pool of potential recruits dries up (market saturation). When the plan collapses, most people, except the few at the top of the pyramid, lose their money.

    Market Saturation

    Although pyramid promoters claim that the possibility to earn is endless, this possibility cannot materialize due to market saturation. For example, if a program begins with one person who recruits two people, each one of whom recruits two more people, and so on, in only 28 levels practically the entire population of the United States - every man, woman, and child - would be involved, as is illustrated below.

    Level Number of New Total Number of
    Participants Participants

    1 1 1

    2 2 3

    3 4 7

    4 8 15

    5 16 31

    6 32 63

    7 64 127

    8 128 255

    9 256 511

    10 512 1,023

    11 1,024 2,047

    12 2,048 4,095

    13 4,096 8,191

    14 8,192 16,383

    15 16,384 32,767

    16 32,768 65,535

    17 65,536 131,071

    18 131,072 262,143

    19 262,144 524,287

    20 524,288 1,048,575

    21 1,048,576 2,097,151

    22 2,097,152 4,194,303

    23 4,194,304 8,388,607

    24 8,388,608 16,777,215

    25 16,777,216 33,554,431

    26 33,554,432 67,108,863

    27 67,108,864 134,217,727

    28 134,217,728 268,435,455



    When investigating a multi-level marketing opportunity, you should ask about market saturation and determine the saturation levels in your area of distribution. Legitimate companies do not have too many distributors in one area.



    Warning Signs

    Pyramid promoters are masters of group psychology. Recruitment meetings create a frenzied, enthusiastic atmosphere where group pressure and promises of a large sum of money play upon people's greed and fear of missing a good deal. Promoters also openly discourage thoughtful consideration and questioning of the scheme. Victims often find themselves tricked into participating. At a recruitment meeting, you might hear phrases like "this is a ground floor opportunity which will change your life", "opportunities don't go away, they go to other people", and "if you act now and work hard for three to five years, you can retire and live off of the residual income." Another warning sign is a confusing compensation plan.

    Claims by a company that their plan has been "approved" by the Michigan Attorney General should be bright red flags and you should report such a claim immediately to our office. A company that misrepresents one fact will likely misrepresent others. While our office is able to tell you if we have taken any legal action, we will not comment on any specific investigation of multi-level marketing companies. Additionally, we do not provide any advance form of approval for any company and if you want legal advice on whether a multi-level marketing opportunity is actually an illegal pyramid, you need to seek private legal counsel.



    Chain Letters

    The simplest form of pyramid scheme is the chain letter that asks the recipient to pay $1.00 or more to each of five names on a list, copy the letter, and then send it out to new people with the recipient's name added to the list. Many chain letters claim to be legitimate because they offer a product. Upon close examination, the product is just a pretense. Often the newsletter simply describes additional "get rich quick" schemes and may be the only item that new members "purchase." Alternatively, the newsletter may be offered for "free" to every new paying member. In either case, the scheme is just a pyramid if it pays distributors to recruit new members rather than sell a real product to the wider public. In recent years, pyramid schemes have become more sophisticated, and many have surfaced on the internet.



    Use Common Sense and Consider These Tips

    The pyramid scheme disguised as a multi-level marketing opportunity is not always easy to spot, but is just as much of a scam as the chain letter. Here are some tips to consider before participating in a multi-level marketing program:


    Avoid any program that focuses more on recruitment of new people rather than the sale of a product or service to an end-user consumer. If the opportunity for income is primarily derived by recruiting more participants or salespersons rather than by selling a product, the plan probably is illegal. Several courts interpret greater pressure on members to sponsor new recruits than to market company merchandise as evidence of an illegal pyramid.

    Be skeptical of plans that claim you will make money through continued growth of your "downline" -- the commissions on sales made by new distributors you recruit -- rather than through your own sales of products.

    Be cautious about specific income or earnings claims. Many programs boast about the incredibly high earnings of a few top performers ("thousands per week" or a "six figure income"). The reality is that most of the people recruited into the organization are not making anywhere near those amounts and most actually lose money.

    Beware when presented with "testimonies" from other distributors. These "success" stories rarely reflect reality.

    Be cautious about participating in any program that asks distributors to purchase expensive inventory. There are horror stories of people with a basement or garage full of merchandise that no one will buy.

    Make sure the product or service offered by the company is something you would buy without the income opportunity and the product or service is competitively priced. Illegal pyramid schemes often sell products at prices well above retail or sell products that are difficult to value, such as health and beauty aids, new inventions or "miracle" cures.

    Never sign a contract or pay any money to participate in a multi-level marketing program, or any business opportunity, without taking your time and reading all of the paperwork. Talk the opportunity over with a spouse, knowledgeable friend, accountant, or lawyer. If you feel that you are being subjected to high-pressure sales tactics or are not being given enough time to review the details, go elsewhere.

    When questions are raised about pyramids, comparisons may be made to corporations where there is one person at the top who makes the most money. What they fail to state is that corporations do not seek to recruit an unlimited number of employees or pay employees based on recruiting new employees.

    Beware when the products or services are simply vehicles for recruitment. The products may be gimmicks and/or overpriced, but even high quality products may serve as a cover for recruitment activities.



    Your Responsibilities

    If you decide to become a distributor, remember that you are legally responsible for the claims you make about the company, its product, and the business opportunities it offers. That applies even if you are simply repeating claims you read in a company brochure or advertising flyer. If you decide to solicit new distributors, be aware that you are responsible for any claims you make about a distributor's earnings potential. Be sure to represent the opportunity honestly and avoid making unrealistic promises. If those promises fall through, remember you could be held liable.

    If you join a pyramid scheme disguised as a multi-level marketing program, your decision will affect not only you, but also everyone you bring into the program. Many people devote a substantial amount of time trying to market these worthless ventures. Ultimately, if a multi-level marketing opportunity sounds too good to be true, it probably is.



    FOR GENERAL CONSUMER COMPLAINTS, CONTACT THE ATTORNEY GENERAL'S CONSUMER PROTECTION DIVISION



    If you have a general consumer complaint, please file a complaint with the Attorney General's Consumer Protection Division at:



    Consumer Protection Division
    P.O. Box 30213
    Lansing, MI 48909

    517-373-1140
    Fax: 517-241-3771

    Toll free: 877-765-8388

    www.michigan.gov/ag (online complaint form)
    Compared with the actual legalese of a law, such as the New York one I've copied below for comparision, the Michigan document is far clearer to the common man (or woman) on the street.

    LAWS OF NEW YORK

    GENERAL BUSINESS LAW

    CHAPTER 20 OF THE CONSOLIDATED LAWS

    ARTICLE 23-A--FRAUDULENT PRACTICES IN RESPECT TO STOCKS, BONDS AND OTHER

    SECURITIES

    359-fff. Chain distributor schemes prohibited

    1. It shall be illegal and prohibited for any person, partnership, corporation, trust or association, or any agent or
    employee thereof, to promote, offer or grant participation in a chain distributor scheme.

    2. As used herein a "chain distributor scheme" is a sales device whereby a person, upon condition that he make an
    investment, is granted a license or right to solicit or recruit for profit or economic gain one or more additional persons
    who are also granted such license or right upon condition of making an investment and may further perpetuate the chain
    of persons who are granted such license or right upon such condition. A limitation as to the number of persons who
    may participate, or the presence of additional conditions affecting eligibility for such license or right to recruit or
    solicit or the receipt of profits therefrom, does not change the identity of the scheme as a chain distributor scheme. As
    used herein, "investment" means any acquisition, for a consideration other than personal services, of property, tangible or
    intangible, and includes without limitation, franchises, business opportunities and services, and any other means,
    medium, form or channel for the transferring of funds, whether or not related to the production or distribution of goods
    or services. It does not include sales demonstration equipment and materials furnished at cost for use in making sales
    and not for resale.

    3. A chain distributor scheme shall constitute a security within the meaning of this article and shall be subject to all of the provisions of this article.
    If you are in Prosper With Integrity, and do not like that your personal information has been published here, please talk to these good people: http://www.attorneygeneral.gov http://www.ic3.gov http://www.fbi.gov

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....



    The leading case on the definition of an investment contract is the U.S. Supreme Court case, SEC v. W.J. Howey Co. Under the Howey test, an investment contract is “a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.”
    So, a person enters into a "a contract, transaction or scheme" with My Binary Profits whereby said person "invests his money" (for "invests his money, read: buys AdPacks) in a "common enterprise" and is led to expect profits ($5 will get you $7.50, $10 will get you $15.50, $50.00 will get you $80.00) solely from the efforts of the promoter or a third party (IOW, the purchaser doesn't have to do anything, except buy AdPacks )

    We all know what happened when AdSurf Daily, Zeek Rewards, CEP, 12Daily Pro and Banners Broker tried to claim people were not "investing" but were buying "AdPacks" or "Banner Impressions" or "Penny Auction Bids" and the companies were not selling unregistered investments.

    Not that any of this matters, My Binary Impressions is already on the nose with the regular ponzi players who are staying away in droves, and even asking for refunds.


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

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by okosh View Post
    An honest person can have all their business info updated in a day or 2......How many years will it take you?????.....
    I would like this to be a joint effort okosh, here look at these places and tell me which one should be the "business address"....
    Search Results

    pick one, I'll buy the service of the address you pick and I'll even attach the picture to the site with the address. As you can see, how stupid is this? It's not like there is an actual office there. It is a service. and this is what everyone expects to see... Unreal.
    Last edited by SteveLawson; 10-06-2015 at 05:25 AM.

  34. #271
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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by SteveLawson View Post
    I would like this to be a joint effort okosh, here look at these places and tell me which one should be the "business address"....
    Search Results

    You ******* stupid ******* moron.... Go ahead, pick one you ******* ****. I'll buy the service of the address you pick and i'll post it promptly on the site, you ******* goat **** ass sucking ******. I'll even attach the picture to the site with the address. As you can see, how stupid this is. It's not like there is an actual office there. It is a service. and this is what everyone expects to see... Unreal.
    Normally, Tourette's Syndrome manifests involuntarily through tics of speech or action. You might be the first time I've witnessed a sufferer expressing the disorder through the written word, Stephanie. Either that, or you are deliberately writing this way, a walking, talking counterpart to Tubgirl, Goatse and their ilk.
    If you are in Prosper With Integrity, and do not like that your personal information has been published here, please talk to these good people: http://www.attorneygeneral.gov http://www.ic3.gov http://www.fbi.gov

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    ProfHenryHiggens... Ok... what is going on here? first littleroundman adds words to the text he quoted from me and now you are doing the same? I never said that, but it sure is funny as heck! you're pretty funny professor

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by SteveLawson View Post
    ProfHenryHiggens... Ok... what is going on here? first littleroundman adds words to the text he quoted from me and now you are doing the same? I never said that, but it sure is funny as heck! you're pretty funny professor
    Take a closer look at the timestamps of when I posted and when you edited the post I quoted, Stephanie. You altered the original after the quote was captured. Perhaps next time I'll wait to reply until after the post has become uneditable by the original poster, to keep you from trying that.

    You don't play the fool well.
    If you are in Prosper With Integrity, and do not like that your personal information has been published here, please talk to these good people: http://www.attorneygeneral.gov http://www.ic3.gov http://www.fbi.gov

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  39. #274
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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by ProfHenryHiggins View Post
    Take a closer look at the timestamps of when I posted and when you edited the post I quoted, Steve. You altered the original after the quote was captured. Perhaps next time I'll wait to reply until after the post has become uneditable by the original poster, to keep you from trying that.
    LoL... This is just too funny sometimes. I'm only busting your chops Professor :-)

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    Re: mybinaryprofits.com / Steve Lawson ...Ken Russo says this is real.....

    Quote Originally Posted by ProfHenryHiggins View Post
    Take a closer look at the timestamps of when I posted and when you edited the post I quoted, Stephanie. You altered the original after the quote was captured. Perhaps next time I'll wait to reply until after the post has become uneditable by the original poster, to keep you from trying that.

    You don't play the fool well.
    You're not very good at this, are you Stevie ???



    You edited out the offensive parts of your post 12 minutes after Prof Higgins quoted it

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

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