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Thread: Penny auction MLMs running scared ?

  1. #1
    littleroundman is offline Administrator
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    Penny auction MLMs running scared ?

    It appears the recent SEC action is already having an effect on the recent proliferation of MLM penny auction clones:



    Downloadable Bidify corporate statement in .PDF format
    The only thing necessary for the triumph of evil is for good men to do nothing

  2. #2
    Whip's Avatar
    Whip is offline Anonymous. As are you all
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    Re: Penny auction MLMs running scared ?

    Seems they're admitting to doing the exact same thing as zeek.

  3. #3
    JustTooMuchTime is offline Senior Scambuster
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    Re: Penny auction MLMs running scared ?

    Just saw that, too. And was curious about when they created the doc. Here's that info:
    Attached Images Attached Images

  4. #4
    EagleOne's Avatar
    EagleOne is offline Elite Scambuster
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    Re: Penny auction MLMs running scared ?

    Of course they were using Zeek's template. They saw how easy it was to fool people, so why bother doing it right? Well that is until the roof caved in.

    You can bet your sweet a$$ets they thought they were next. But wait, I thought being registered offshore and not being in the US protected you from the "evil" US Law Enforcement agencies, the US doesn't control or rule the world? At least that has been the mantra for all these Ponzi's. Guess the owners of bidify didn't believe the myth, and Frode didn't like prison that much.
    EagleOne
    Founder/President Eagle Research Associates
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    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

  5. #5
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    Re: Penny auction MLMs running scared ?

    Bidify has Kevin Thompson, the MLM attorney from purgatory and bosom buddy of Len Clements, advising them??? Down the commode it shall go!

  6. #6
    littleroundman is offline Administrator
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    Re: Penny auction MLMs running scared ?

    Are Penny auction MLMs running scared ???

    YEP, with bells on:



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

  7. #7
    littleroundman is offline Administrator
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    Re: Penny auction MLMs running scared ?

    Yeah, yeah,

    where have we heard this before ??




    MoneyMaker Group HYIP ponzi forum
    The only thing necessary for the triumph of evil is for good men to do nothing

  8. #8
    kschang is offline Senior Scambuster
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    Re: Penny auction MLMs running scared ?

    If they can switch to a plain "affiliates only get paid on selling bids for commission" then good luck to them.

    How much bids to give away should be affiliates choice, and they should not be "rewarded" for it by the company in the first place.

  9. #9
    littleroundman is offline Administrator
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    Re: Penny auction MLMs running scared ?



    That's it, Manolo/Strosdegoz/Dirson Eduardo Jiminez Santana keep on lying.

    I'm sure there's SOMEONE out there who hasn't quite woken up to the fact you're a superpimp protecting your own pocket.
    The only thing necessary for the triumph of evil is for good men to do nothing

  10. #10
    laidback's Avatar
    laidback is offline Senior Troll
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    Re: Penny auction MLMs running scared ?

    Can anybody spot the flaw in these folks logic?
    bid-iffy.JPG
    It seems like in this "industry" common sense is not all that common!

  11. #11
    littleroundman is offline Administrator
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    Re: Penny auction MLMs running scared ?

    Bidify has reappeared online, after having some sort of profound religious awakening during its' time offline.

    This by one of its' Scandinavian pimps on the Talkgold HYIP ponzi forum, Bidify thread

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

  12. #12
    kschang is offline Senior Scambuster
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    Re: Penny auction MLMs running scared ?

    Bidify's new comp plan is pure MLM based on sales volume. There's nothing left of the "passive" stuff.

    Guess all those affiliates will have to actually WORK now! Ha-ha!

  13. #13
    littleroundman is offline Administrator
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    Re: Penny auction MLMs running scared ?

    Good Lord,

    I've seen less spin than this during peak time at the laundromat:



    Bidify thread on Talkgold HYIP ponzi forum
    The only thing necessary for the triumph of evil is for good men to do nothing

  14. #14
    oregongrrl is offline Junior Member
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    Re: Penny auction MLMs running scared ?

    Is Penny auction legit? Iam thinking of joining, Anyone here currently involved with them?

  15. #15
    Wizzard7's Avatar
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  16. #16
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    Re: Penny auction MLMs running scared ?

    Well FunkyShark has been "shut down" for a while now. Even before they got the chance to pretend that their "rev share" penny auction was any less a ponzy than Zeek Rewards "rev share" deal was, they were offering a straight up pay to play founder deal. Pay to become a "founder" and earn a commission for as many other people you could get to pay to become a "founder" long before they could even pretend there was anything like a product to be retailed to end consumers. I know this will surprise some of our less than regular readers but that's pretty much the straight line definition of an illegal pyramid scheme.

    In fact the only relativly interesting aspect remaining in the program was how they were pretending to be able to refund every "founder's" money. You see, anyone who recruited enough other "founders" was pretty much paid what they were promised for having done so. And because it was a naked pyramid scam the only money generated to pay those recruiting bonuses came directly from the fees paid from the recruited, the only way all the people who paid to be recruited could get their money back was for all the people who got paid to recruit them to refund that money. Good friggen luck with that.

    (Parenthetical note: Montana, per population you bust more more pyramid scheme balls than any other state in the union, and I dig that about you. But why did you drag your feet and after months delay fail to press paper against Zeek Rewards only to later step up and smack down Funky Shark who were already dead in the water? Anyway I will always love you both for your big skies and for what you did to FHTM.)
    So your prophets of finance have fallen on their collective proverbial face, and you hear muffled voices calling: Welcome to the human race.
    You made a killing dealing real estate at NASA selling cemetery plots in outer space til some falling coffins crashed upon your doorstep: Welcome to the human race.

    Open up your heart...

    Welcome to RealScam.com.

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