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Thread: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

  1. #1
    ribshaw's Avatar
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    James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    I ran across this clown in the USI Tech Ponzi scam. At the moment I have too much navel lint accumulation to pull over all the scams he has already promoted. Apparently not satisfied with screwing people over in USI he's also pimping a Ponzi called Ormeus.




    Comments on James and Grace start here.

    USI-tech claims its' sale of unregistered securities in US "legal"

    A list of his previous scams start here.

    USI-tech claims its' sale of unregistered securities in US "legal"

    Call (509) 368-7239
    @globalone2one
    globalone2one@gmail.com
    Home - Global One2 One
    https://www.facebook.com/pg/globalon...=page_internal
    https://www.youtube.com/channel/UC7A...d4PeWomPVGQI9g






    James and Grace Lockett.JPG

    https://bitcointalk.org/index.php?topic=2432211.0

    Ormeus Global Prelaunch Review: 160% ROI "B2x89" trading bot

    - But... I have seen the videos and pictures of the Bitcoin farm.
    - Just look closely. They showed a video of a bitcoin mining farm. No corporate image at all, no founder image shown in the video, no team, ... It even looks like a digital makeup.

    https://tinybowl.blogspot.co.uk/2017...i-schemes.html

    How To Spot A Bitcoin Scam
    https://www.forbes.com/sites/johnwas.../#78d2aab58972
    "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

  2. #2
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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    So this guy completely destroys "Taking Money from Your Pocket" Lockett...



    In fairness he did promote Bitpetite, that doesn't mean USI Tech isn't a Ponzi. Maybe he learned his lesson, maybe he didn't, still doesn't mean UIS Tech is legit.

    BetRobot - Jet-Coin. Fake cryptocurrency and Simon Stepsys.
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    Wowser, Take from your Pocket Lockett has done some major scrubbing of reminders of scams past.


    Gone.JPG
    GoneA.JPG
    Gone1.JPG
    Gone2.JPG

    Where did these Futurenet videos go James? Now that it's imploding I wanted to remind our readers what a shrewd investr you are.

    All gone.JPG

    https://futurenet.club/p/global121

    FutureNet Scam? Yes It Is In My Opinion! - Ethan Vanderbuilt

    Future Net/FutureAdPro..First to spot a real product wins a prize.....

    https://taratalkstoday.blogspot.com/p/futenet.html
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    Would be Lockett victims need juxtapose the cocksure loudmouth in this video with the smarmy scammer trying to hide his past.





    His bullshit was easy enough to debunk starting here USI-tech claims its' sale of unregistered securities in US "legal". What really speaks volumes is Lockett's own actions when he is being exposed.
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    If you don't see the dark irony of deleting a Futurenet video from one's own Futurenet link you probably deserve to have your pockets emptied by Lockett.

    Well this is sort of embarrassing1.JPG

    Well this is sort of embarrassing.JPG

    Lockett of course stole the Cash Flow Quadrant right from Robert Kiyosaki. What you really should be asking why would anyone be parroting the author of Fake Dad Never Happened Dad?

    Robert Kiyosaki Is A Scam? Yes He Is In My Opinion. - Ethan Vanderbuilt

    https://www.forbes.com/sites/helaine.../#5255bde6633a

    https://johntreed.com/blogs/john-t-r...oor-dad-part-1

    https://toughnickel.com/personal-fin...ou-Think-He-Is

    Robert Kiyosaki - Rich Dad Secrets

    Author of Rich Dad, Poor Dad files for bankruptcy

    Stupid A$$ Theories of Robert Kiyosaki

    Then again if you still don't know Kiyosaki made the whole thing up you are probably just the type of dupe Lockett is counting on.

    https://futurenet.club/p/global121
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    In some ways it's hard to comprehend in 2017 people still fall for Ponzi scams. If you put $1000 into one of these 1% per day deals it should be pretty obvious you are being paid back 1% of your own money daily. If you somehow manage to take out more than said $1,000 those "profits" are being stolen from later investors. Payment proofs are meaningless, which is why when recruiting dried up and the scams collapsed Lockett had to hide his videos.

    Equally obvious might also include the question why self professed astute people that magically sniff out "passive income opportunities" have to spend so much time on social media telling you about it.

    Well this is sort of embarrassing2.JPG


    Gladiacoin - major ponzi scam

    GladiaCoin Review: 90 day bitcoin doubler with binary recruitment

    Documenting the collapse of a bitcoin doubler (GladiaCoin)

    Well this is sort of embarrassing3.JPG


    Cryp Trade Capital Review: 361% annual crypto trading ROI?

    What are some Ponzi scheme "red flags"?


    High investment returns with little or no risk. Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any "guaranteed" investment opportunity.

    Overly consistent returns. Investment values tend to go up and down over time, especially those offering potentially high returns. Be suspect of an investment that continues to generate regular, positive returns regardless of overall market conditions.

    Unregistered investments. Ponzi schemes typically involve investments that have not been registered with the SEC or with state regulators. Registration is important because it provides investors with access to key information about the company's management, products, services, and finances.

    Unlicensed sellers. Federal and state securities laws require investment professionals and their firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms.

    Secretive and/or complex strategies. Avoiding investments you do not understand, or for which you cannot get complete information, is a good rule of thumb.

    Issues with paperwork. Do not accept excuses regarding why you cannot review information about an investment in writing. Also, account statement errors and inconsistencies may be signs that funds are not being invested as promised.

    Difficulty receiving payments. Be suspicious if you do not receive a payment or have difficulty cashing out your investment. Keep in mind that Ponzi scheme promoters routinely encourage participants to "roll over" investments and sometimes promise returns offering even higher returns on the amount rolled over.


    WHAT DID WE LEARN.JPG
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    Quote Originally Posted by ribshaw
    If you put $1000 into one of these 1% per day deals it should be pretty obvious you are being paid back 1% of your own money daily.
    Which also means in real terms, they have your money for 100 days before you start to see a profit (on your screen)

    It doesn't become an ACTUAL profit if it's in your bank or payment processor

    IOW, if it isn't in your hand, it doesn't exist.
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    Well it must be real, Lockett is wondering the halls of what might be a hotel or nursing home for all we know. At 1:50 in the video he says he wasn't allowed in the office, as if a tour of the supply room and sip from the water cooler would prove legitimacy.




    Worthless Hotel Tour.JPG


    Perhaps more interesting is this chestnut, always so strange things like this happen.

    UAE BAN USI TECH.JPG

    RAK ICC Offshore is an international business company registered in the Emirate of Ras Al Khaimah, UAE. Such companies can perform essentially any type of business outside of the UAE.

    These advantages should make investors all warm and tingly.


    No accounting necessities record keeping only
    No audit requirements and no filing of financial results
    Limited Liability – means limited risks for owners.

    Confidentiality of information: RAK ICC Offshore Company’s registry is not accessible by third parties, and information on its owners is kept at a high level of discretion

    https://www.emiratesca.com/rak-icc-o...onsiderations/



    At some point though, you really have to thank the haters for doing all the work people taking your money seem incapable of.



    RAK ICC Offshore Company can do ALL types of business except banking / financial services and insurance / re-insurance.


    redflag.jpg
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    If you really want to see what you are dealing with in a guy like Lockett create a 2 YouTube accounts, one to praise and one to question. See how long James will have a discussion with you before hiding/deleting your "negative" comments. You will need the "praise" account to see your other comments have been hidden/deleted. Then witness how much quality time he will spend on you if he thinks you are a fish ready to be hooked.




    but you can delete them.JPG

    What should be obvious is the message has been rebuffed and Lockett is the one playing dirty politics to keep his gravy train chugging. As for attacking the messenger, if he/she is has and continues to deliver false narratives that are breaking the law and costing people money so be it. The messenger is at best incompetent and at worst willfully ignorant, no matter either will cost ya.
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    1% per day is all you need to know Lockett is a snake oiling woo peddler.

    Gold Reward more bullshit from James Lockett1.JPG

    Gold Reward more bullshit from James Lockett.JPG




    Riddle yourself this, why do you have to buy a coin backed by nothing to make alleged loans? Who the F is going to pay 1% per day to borrow when they would have to turn those coins back into real cash to pay whomever they owe?
    Even loansharks don't charge this type of vig, how stupid does Lockett think you are?

    https://www.facebook.com/globalbitclub

    https://www.facebook.com/groups/globalone2one

    https://www.youtube.com/channel/UC7A...d4PeWomPVGQI9g
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    Let Unca Ribshaw save you a lot of pain, if a company has a get richy sounding name and is jumping on a hot trend like I dunno bitcoin - save your money. ISN Coins Review: Autoship + numismatic coins is suddenly in the crypto space as Mintbuilder. Dare I say shocking...



    Mintbuilder could there be a more scammy name.JPG

    https://bitcoinexchangeguide.com/mintbuilder/

    Let's start by saying if you are buying "numismatic" coins as opposed to purchases made on "melt value" expect to be ripped off. Unless you really know what you're doing, be leery of anyone advising you otherwise.

    https://www.scambusters.org/rarecoinscams.html

    Next I would expect a real good why answer from some like Lockett claiming you should have 10% of your portfolio in gold or silver. With two exceptions gold and silver have been dead money for the past 40 years.

    Dead money for 40 years.JPG

    Dead money for 40 years2.JPG


    If you decide you want to invest in gold/silver the next logical question is if there are smarter ways to buy it than MLM Autoship or a boiler room operation?

    https://www.aarp.org/money/scams-fra...ent-scams.html

    https://www.consumer.ftc.gov/article...investing-gold

    Lastly there's this...

    Some schemes may purport to sell a product, but they often simply use the product to hide their pyramid structure. There are two tell-tale signs that a product is simply being used to disguise a pyramid scheme: inventory loading and a lack of retail sales


    https://www.ftc.gov/public-statement...yramid-schemes
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    Maybe Lockett isn't as sickened as I would would be if I'd even have to consider doing business with registered sex offenders? If you can't trust someone with children why the hell trust them with money?

    Ari Maccabi.JPG

    Sex Offender Archive Record: Schlomo Aryeh Maccabi

    Sex Offender Archive Records Nationwide

    Ari Maccabi - Ponzi Pimp Is His Brand



    Ari Maccabais pal Locket makes a cameo.JPG


    Russ Albert Medlin.JPG

    Russ Albert Medlin Registered Sex Offender





    Offense or Statute
    Offense/Statute: Coercion With Force Or Threat Of Force/sex Motivat
    Adjudication Date: 02 March 2006
    Offense/Statute: Possession Of Child Pornography
    Adjudication Date: 04 June 2008

    https://www.homefacts.com/offender-d...rt-Medlin.html

    https://steemit.com/scam/@steeme/cri...nvestment-scam

    https://thebitcoinnews.com/the-anato...rk-analyzed-3/

    Bit Club Network - bitclubnetwork.com

    BitClub Network abandon US, on the run from regulators?

    BitClub Network terminate early investor contracts

    BitClub Network Review: Zeek Ponzi veterans at it again...

    BitClub Network out of funds? ClubCoin announced...

    BitClub Network "staying anonymous" to avoid regulators
    Last edited by ribshaw; 12-13-2017 at 12:59 PM.
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    I have to wonder if Lockett is given links to two registered sex offenders he is doing business with...

    Lockett given a chance to respond.JPG

    How his only action is to delete that comment.

    SO WEIRD NO COMMENTS.JPG

    Still think you are dealing with somebody that has your interest at heart???
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    As I look it this Pin, this is probably a different James Lockett. But a scam is a scam...

    James Lockett the healthy coffee guy1.JPG

    https://www.pinterest.com.au/pin/546554104759475079/



    James Lockett the healthy coffee guy.JPG


    James Lockett ( Healthy Products Marketer )


    On November 5-19, 2003, representatives of the Food and Drug Administration (FDA) inspected your firm and collected labeling for your products. We also reviewed your website at Gano Excel International. Our review of your website and the labeling of your products indicates serious violations of the Federal Food, Drug and Cosmetic Act (the Act). https://www.casewatch.org/fdawarning...anoexcel.shtml

    Safety Recalls, Gano Excel USA, Inc. Issues Recall and Allergy Alert on Undeclared Milk Protein




    Gano Excel Is A Scam? Yes It Is In My Opinion! - Ethan Vanderbuilt
    Last edited by ribshaw; 12-14-2017 at 12:08 PM.
    "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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    littleroundman is offline Administrator
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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    Slight correction there.

    After the FDA action, it became known as "GUANO Excel"
    The only thing necessary for the triumph of evil is for good men to do nothing

  16. #16
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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    Lockett is going to give himself a stroke being so huffy. Let me preface this by saying there are plenty of examples of Ponzi operators that had legit business ventures in conjunction with the scams they were perpetrating. Bernie Madoff comes to mind as he was running a market making firm in addition to his scheme. One suspicion in the financial community was that he was front running trades to fund his client accounts, if only that had been the case.

    Witness your last hope of not being screwed...



    Lockett gets Huffy and I love it.JPG




    They have been claiming they were mining for the better part of the year yet...

    No Ether on May 1.JPG

    https://etherscan.io/balancecheck-to...b26b955826702c

    Rory makes some very good points.



    Rory Highside • 12 hours ago

    It is proof SOMEBODY is mining, who though, nobody knows. https://etherscan.io/stat/miner?rang...ocktype=blocks You guys can see here account 0x625a083bee9e6f0fd756e79880b26b955826702c is only .63% of global hashrate, a fair stretch from the some 2.5-3% they claimed right?

    Now if you want to actually dig deeper, you can see this account has been mining for 225 days and has only ever sent 1 eth out. How are they paying members? Also, over 225 days it has only generated $8,900,000. That is only enough to pay each member several cents. https://etherscan.io/txs

    They paid some backyard mining operation to change their name on the pools.. Tell me how this is proof of anything except more fraud?

    https://www.etherchain.org/account/6...6702c#comments


    Let's conclude this latest ruse with the observation that without independently audited financial statements showing total assets and liabilities any mining number is meaningless. I've seen claims that there has been over $300M pumped into USI Tech, how does an alleged $8M even begin to cover that nut?
    "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

  17. #17
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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    For those of you as fed up as I am, the Washington Bar Association and Attorney General have convenient links for filing complaints.


    James Lockett

    Mobile: +86-186-8872-4230

    Skype: jameslockett

    Internet Phone: +1-509-368-7239 
    jameskennethlockett@huawei.com

    Lockett International - Home

    https://twitter.com/jameslockett1?lang=en

    https://www.facebook.com/jameslockett

    Lockett International - James' Trade Blog

    http://www.linkedin.com/in/jameslockett

    ph: 509-368-7239
    james@lockett-intl.com

    James Lockett - International Trade and Business Lawyer

    File a Complaint | Washington State

    https://www.wsba.org/for-the-public/...about-a-lawyer
    "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

  18. #18
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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    People like Lockett depend on having a monologue about their great opportunities. People that ask rather common questions in the investment world are branded as haters because can't run a scam if people demand real proof.
    If this guy can't verify with independently audited financials how much USI tech owes versus how much it owns/generates how seriously can you take him?

    SO WEIRD NO COMMENTS1.JPG

    SO WEIRD NO COMMENTS.JPG

    Throne of Lies.JPG
    "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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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    Have you asked yourself why Lockett is taking money out while simultaneously encouraging you to put money in?




    Bitconnect Scam with James Lockett.JPG

    The compensation plan is like this:

    An investment of $100-$1000 = 40% ROI every month for a total of 299 days.
    Invest $1010-$5000; you will get 40% every month for 239 days in addition to 23.9% of your overall ROI which is a bonus.
    Invest $5010-$10,000 and make 40% for 179 days +35.9% of overall ROI
    Invest $10,010-$100,000 and get 40% for 120 day+30% bonus of overall ROI


    https://binarysignalsadvise.com/bitconnect-review/

    Bad English and why it matters

    https://steemit.com/scam/@thegrinder...t-scam-exposed


    However, such a bright description didn’t fool some of the experts. For example, CoinCodex decided to distance itself from this project, delist BCC from the top 100 listings and issue a warning on the coin overview page.

    Their Head of the content division, Marko Štokelj, stated to Coinidol:

    “Bitconnect employs a number of dubious methods in order to operate and promote its business. The business model outlined by the company is economically unsustainable with the current level of returns unable to be validated by any legally known investment system. As already stated, the Bitconnect project also generates a large amount of negative feedback from within the cryptocurrency community with accusations that the project is actually a “scam” or “Ponzi scheme” being actively discussed.”

    https://coinidol.com/bitconnect-mark...falling-apart/
    "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

  20. #20
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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    "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

  21. #21
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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    Frankly it is embarrassing that Lockett hasn't already been disbarred. If a Ponzi won't do business in the US, instead of getting a VPN you ought to be worried about how to get your money the hell out.




    How to lose your money even faster.JPG


    Let’s start with some general background. The general rule in the United States is that if you sell shares of stock in your company, you either need to register the offering with the Securities and Exchange Commission, which is a very significant undertaking in terms of time and resources, or your sale of stock must fall within a specified exemption from registration.

    Remember, too, that the $1,000,000 limit applies to all sales within a 12 month period, so check with your counsel to make sure that you are considering all of the issuances that would apply.

    One important point to note is that all securities offerings are still subject to the general anti-fraud provisions of the Exchange Act of 1934, which means that all documents or other information actually provided to the prospective investor must be accurate and not misleading, and may not omit any information that would render them misleading in any material respect.

    Because of the limitations described above, many companies find that raising money from non-accredited investors would often result in incremental professional fees as high or higher than the amount of money they would raise from these investors. As a result, the vast majority of early-stage companies we work with exclude all non-accredited investors from their fundraising.

    https://www.cooleygo.com/can-you-rai...ted-investors/

    Oh and about that USI Tech Mining...

    Analysis of USI-Tech's ethereum mining pool (external ROI revenue?)
    "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

  22. #22
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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    To start, if someone mentions a "compensation plan" and "passive/residual income" I don't believe you need to listen any further. What follows is certain to be a Pyramid scam. Highlighting the obvious again, internet marketers spending all their waking hours recruiting others are passively involved in nothing. If they can't do it, you further down the food chain stand even less of a chance. Simple math people.

    Somebody has to sell the stuff. Locket isn't talking about selling you coins, he's talking about getting youand the others to join an autoship. Those folks in turn will have to get others who get others who get others, sooner or later they're aren't enough people left in the world. With 2 year attrition rates in MLM approaching 100% passive income in that arena has to be one of the biggest lies every told.

    Lastest again, about Numesmatic coins. Holding precious metals has been dead enough money for decades at a clip, for those that overpaid out of the gate-disaster.




    LET’S DO THE UGLY NUMBERS

    Initial investment amount in 1981


    $410,605

    What you could have earned at 5% interest 1981-2001


    $678,852

    Giving you a total holding value in 2001 of


    $1,089,457

    Value of the coin collection in 2001


    $534,040

    Lost opportunity cost at 5% in owning these coins for 20 years


    $554,417

    Or at 8% you could have turned your money into


    $1,913,788

    That’s one expensive hobby, isn’t it?

    http://www.onlygold.com/articles/ayr...kes_Part_2.asp




    Karatbars versus ISN with James Lockett.JPG


    Case Law, MLM, Recruiting Scams.


    No one here was impressed with Karatbars, invest in Gold, karatbars.com either, so there's that.


    Lie #10: MLM is not a pyramid scheme because products are sold.

    Truth: The sale of products is in no way a protection from anti-pyramid scheme statutes or unfair trade practices set forth in federal and state law. MLMs that sell useful, quality products have been successfully prosecuted under anti-pyramid scheme laws by state and federal officials. MLM is a legal form of business only under certain rigid conditions set forth by the FTC and state Attorneys General. Many MLMs are currently in gross violation of these guidelines and operate only because they have not been prosecuted. Recent court rulings are using a 70% rule to determine an MLM's legality. At least 70% of all goods sold by the MLM company must be purchased by non-distributors. This standard would place most MLM companies outside the law. The largest of all MLMs acknowledges that only 18% of its sales are made to non-distributors. https://www.falseprofits.com/MLM%20Lies.html
    "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

  23. #23
    ribshaw's Avatar
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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    For me in business there is very much a "value added" concept which is completely absent in endless recruiting gimmicks like ISN. The price of silver has only ticked down slightly from the time Lockett shot this video. If I was going to buy a 5oz silver coin I wouldn't pay much more than the melt value of (5x$16.15) or $80.75. I certainly wouldn't pay the first price I found of $157 much less the ISN price of $198. The $41 vig ISN is charging goes straight into the pockets of people like James and the $117 premium over melt value will in all likelihood never be recovered.

    July 19th silver price $16.42 per oz.
    Dec 15th silver price $16.15 per oz.


    Silver Chart.JPG

    https://www.apmex.com/spotprices/silver-prices




    ISN Price.JPG

    First other price I found.JPG

    Hey, it's your money if you think Lockett is looking out for you and I'm just a hater have at it. If you think the world is filled with enough gullible people lacking access to Google, then I suppose ISN is an opportunity for the ages. One my side of the fence I'm not seeing where he is adding any value other than to his own wallet.
    "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

  24. #24
    ribshaw's Avatar
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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    "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

  25. #25
    ribshaw's Avatar
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    Re: James and Grace Lockett Global Turbo Team Presents: YourDailyAbundance

    Robert Kiyosaki's books belong right next to those of James Frey. Unfortunately Oprah has never corrected her Kiyosaki error.



    https://www.today.com/popculture/fre...ers-2D80556017

    https://www.salon.com/2007/03/05/the_secret/

    Why millions buy Rich Dad, Poor Dad's nonsense.

    https://thecollegeinvestor.com/4726/...ys-bankruptcy/

    https://www.thesimpledollar.com/deco...bert-kiyosaki/

    No pictures of "Rich Dad" well color me shocked.



    Business of the 21st century.JPG

    Once again Ethan Vanderbuilt has thoroughly debunked the MLM Business of the 21st Century nonsense.

    "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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