Thread: Traffic monsoon. Better than MAPS with trusted admin Charles Scoville

Originally Posted by Bestbud

According to that letter to Eden users, it looks like people freaked out over website issues and started doing chargebacks. Or, maybe they saw what happened to Traffic Monsoon?

You need to hang around the HYIP ponzi "scene" a little bit longer, Bestbud.

There are multiple easily-recognised-with-experience scenarios at play here:

* Piggyback ponzi NEVER last anywhere near as long as the program/s from which they are cloned.
In fact, at the end of a "cycle" new ponzis can, and do, start and and finish in under two weeks

* Experienced players NEVER believe whatever excuse a ponzi owner uses to explain the end of the ponzi "game"

* Paypal is awake to "Revshares" and "advertising platforms"

* Paypal is a financial institution, the same as a bank, and is subject to the same regulation/s WRT the Bank Secrecy Act

The Bank Secrecy Act of 1970 (or BSA, or otherwise known as the Currency and Foreign Transactions Reporting Act) requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering. Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, and file reports of cash purchases of these negotiable instruments of more than $10,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities.

The BSA regulations require all financial institutions to submit five types of reports to the government. The following is not an exhaustive list of reports to be filed. The FBAR has an individual filing requirement, as detailed below.

1. FinCEN Form 112 (formerly Form 104) Currency Transaction Report (CTR): A CTR must be filed for each deposit, withdrawal, exchange of currency, or other payment or transfer, by, through or to a financial institution, which involves a transaction in currency of more than $10,000. Multiple currency transactions must be treated as a single transaction if the financial institution has knowledge that: (a) they are conducted by or on behalf of the same person; and, (b) they result in cash received or disbursed by the financial institution of more than $10,000.^[2]
2. FinCEN Form 105 Report of International Transportation of Currency or Monetary Instruments (CMIR): Each person (including a bank) who physically transports, mails or ships, or causes to be physically transported, mailed, shipped or received, currency, traveler's checks, and certain other monetary instruments in an aggregate amount exceeding $10,000 into or out of the United States must file a CMIR.^[3]
3. FinCEN Form 114 (formerly Treasury Department Form 90-22.1) Report of Foreign Bank and Financial Accounts (FBAR): Each person (including a bank) subject to the jurisdiction of the United States having an interest in, signature or other authority over, one or more bank, securities, or other financial accounts in a foreign country must file an FBAR if the aggregate value of such accounts at any point in a calendar year exceeds $10,000.^[4] A recent District Court case in the 10th Circuit has significantly expanded the definition of "interest in" and "other Authority".
4. Treasury Department Form 90-22.47 and OCC Form 8010-9, 8010-1 Suspicious Activity Report (SAR): Banks must file a SAR for any suspicious transaction relevant to a possible violation of law or regulation.^[5]
5. FinCEN Form 110 Designation of Exempt Person: Banks must file this form to designate an exempt customer for the purpose of CTR reporting under the BSA.^[6] In addition, banks use this form biennially (every two years) to renew exemptions for eligible non-listed business and payroll customers.^[7]

It also requires any business receiving one or more related cash payments totalling more than $10,000 to file IRS/FinCEN Form 8300.^[8]
* America is awake to US based ponzis, ESPECIALLY those who progress past a few thousand members and ESPECIALLY those who use US based money transfer businesses.

[QUOTE=littleroundman;98822][B]You need to hang around the HYIP ponzi "scene" a little bit longer, Bestbud.

I've been hanging around the HYIP Ponzi scene for 22 years. Is that long enough? LOL!

The first Ponzi Scheme I came across was Omega Trust & Trading in 1994 via a fax. I then became obsessed with learning about how Ponzi/pyramid schemes and their comp plans do or don't work.

Anyway, I hope I can add to the discussion based on my history and knowledge....

[QUOTE=Bestbud;98823]

Originally Posted by littleroundman

[B]You need to hang around the HYIP ponzi "scene" a little bit longer, Bestbud.

I've been hanging around the HYIP Ponzi scene for 22 years. Is that long enough? LOL!

The first Ponzi Scheme I came across was Omega Trust & Trading in 1994 via a fax. I then became obsessed with learning about how Ponzi/pyramid schemes and their comp plans do or don't work.

Anyway, I hope I can add to the discussion based on my history and knowledge....

Welcome to RS and glad you are here to share your knowledge. Those were the days of the FAX machines, hotel presentations, and telemarketing calls. IN other words, the "good ole days!"

[QUOTE=EagleOne;98824]

Originally Posted by Bestbud

Welcome to RS and glad you are here to share your knowledge. Those were the days of the FAX machines, hotel presentations, and telemarketing calls. IN other words, the "good ole days!"

Thank you! Don't forget the Rolodex! LOL!

I do post at Behind MLM occasionally as DJ. I feel like I already know most of you...

[QUOTE=Bestbud;98825]

Originally Posted by EagleOne

Thank you! Don't forget the Rolodex! LOL!

I do post at Behind MLM occasionally as DJ. I feel like I already know most of you...

Also can't forget the floppies and the 12" tube monitors that weighed about 10 lbs!

[QUOTE=EagleOne;98826]

Originally Posted by Bestbud

Also can't forget the floppies and the 12" tube monitors that weighed about 10 lbs!

Haha! Dang, we're old! LOL!

[QUOTE=Bestbud;98827]

Originally Posted by EagleOne

Haha! Dang, we're old! LOL!

aha! but do you remember seeing punched tape telex? Or card readers ( the old cardboard coded ones not the magnetic stripe or bar code)?

Originally Posted by Bestbud

I do post at Behind MLM occasionally as DJ. I feel like I already know most of you...

Me too. Group hug!!!!

Originally Posted by Char

Me too. Group hug!!!!

Thank you! I do recognize your handle, too! Cool!

Originally Posted by littleroundman

* Piggyback ponzi NEVER last anywhere near as long as the program/s from which they are cloned.
In fact, at the end of a "cycle" new ponzis can, and do, start and and finish in under two weeks

But Piggyback ponzis do have an upside....

In the CEP(Colonendparenthesis) case the receiver filed lawsuit against net winners.....2 of them were admins of scams piggybacking CEP....
Colon End Parenthesis - Colonendparenthesis.com

DUSTIN FENNELL was the admin of Desert Sky Marketing....He was sued for $103,950.42......He used his scams members money to deposit into CEP and paid them with the profits he took from CEP....Of course when the brown stuff hit the fan he told his members a BS story....
Desertskymarketing - Desertskymarketing.net
But in the end he was left to repay the money that he never actually got cos he used it to pay his members.......

The other was Israel Lagares who was admin of 4 scams....Commandcharlie....4NewbiesMarketing...+2 others....He did the same thing as Fennell and ended up having to pay back $153,693.54....
4newbiesmarketing - 4newbiesmarketing.com
Commandcharlie - Commandcharlie.com

If all goes to plan Charles gets indicted...Receiver get appointed and a couple of Admins of scams get the same karma dished out to them as Fennell and Lagaras...

Originally Posted by okosh

But Piggyback ponzis do have an upside....

In the CEP(Colonendparenthesis) case the receiver filed lawsuit against net winners.....2 of them were admins of scams piggybacking CEP....
Colon End Parenthesis - Colonendparenthesis.com

DUSTIN FENNELL was the admin of Desert Sky Marketing....He was sued for $103,950.42......He used his scams members money to deposit into CEP and paid them with the profits he took from CEP....Of course when the brown stuff hit the fan he told his members a BS story....
Desertskymarketing - Desertskymarketing.net
But in the end he was left to repay the money that he never actually got cos he used it to pay his members.......

The other was Israel Lagares who was admin of 4 scams....Commandcharlie....4NewbiesMarketing...+2 others....He did the same thing as Fennell and ended up having to pay back $153,693.54....
4newbiesmarketing - 4newbiesmarketing.com
Commandcharlie - Commandcharlie.com

If all goes to plan Charles gets indicted...Receiver get appointed and a couple of Admins of scams get the same karma dished out to them as Fennell and Lagaras...

I rememeber those two vividly. Trevor Cook's crew were among the first to start their own processor. There was also an attempt to set up a bank by DrMara which I named "The Bank of Dr Mara's Knickers." The "bank staff" objected to my making fun of her adipose tissue.