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Thread: Oceanside Network is a scam..

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    fastmoney's Avatar
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    Oceanside Network is a scam..

    Need I say more...


    Do not invest your money...

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    Re: Oceanside Network is a scam..

    Howdy Fasty,

    Need you say more? Only if you're talking to someone who hasn't spent much time investigating the program. Anyone who's gone to the trouble of finding the facts wouldn't invest with them (Ocenasidenetwork.com and Oceansideforex.com) anyway. Perhaps however, you could be more helpful if you directed your comments to the sort of people who haven't been exposed to those facts, the ones who may be thinking of putting their money at risk and might find this thread while looking for substantiated opinions. Present them with what you've found, that tends to form a stronger argument than unsupported opinions.
    Last edited by GlimDropper; 06-24-2010 at 02:22 PM.

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    Re: Oceanside Network is a scam..

    Say, isn't this the famous "Broker" Jones company?... In this case, I think "broker" is what you'll be if you hand them your hard earned money. You'll be "broker" than before.

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    Re: Oceanside Network is a scam..

    Oceanside seems to be on the ropes.. Seemed to me he was just saying how well they were doing and the big % gains they were getting..


    If that was true why would the president of oceanside be hyping an mlm on his blog...



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    And I remembered that when I had been drinking EIRO ….or previously “Via Viente”……I was almost never sick…and better yet….through the course of my MLM days…..my allergies had vanished…..completely. Then I stopped MLM….stopped drinking good anti oxidant juice…..and lo and behold…..the never ending allergy cycle began anew.

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    ~Free Your Life, Live Your Dreams~

    Broker Jones

    O C E A N S I D E President

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    Question Re: Oceanside Network is a scam..

    Ah yes. Mr. Broker "Offshore" Jones. Where exactly does he do business? What regulatory agencies does he report to?

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by Live&Learn View Post
    Ah yes. Mr. Broker "Offshore" Jones. Where exactly does he do business? What regulatory agencies does he report to?
    Zero, Zip, Nada! That company is a scam.



    Quote Originally Posted by JD Kaiser View Post
    Questions will be answered and questions have been answered. The answer to this one is we are not required to register with the SEC. We are an international private offer.

    We are also a managed accounts provider who is also not required to register with the SEC. Our brokers however are fully licensed as required.


    So to be clear, there are no registration numbers....yet. They are not required right now. We will have all sorts of registration to provide when we are public in New Zealand. We are also required to have an independent 3rd party auditor when we are in New Zealand as a Bancorp as well. All that stuff will be easily accessed on our website.


    I am happy to answer any other questions.


    JD Kaiser, Founder

    O C E A N S I D E

    Quote Originally Posted by JD Kaiser View Post
    Actually, I'm going to defend this comment because it was my brilliant idea to combine Forex trading with mlm. So did it work? well..... With the first company after launching in July of 2008, we had over 900 people sign up within our first hour and a half of launch. We had 3,500 members within two weeks...If I didn't have a partner (Dr. Kumar Singh) that ran our business to the ground by being a complete control freak, it would be HUGE right now. It was his decisions that led to the demise of the first Oceanside Wealth.



    It WAS a brilliant idea... I just didn't have the right partner.


    Everything happens for a reason and now I have partners that know exactly what we have a hold of here and it has been worth the ride.



    JD Kaiser, Founder

    O C E A N S I D E

    And those were just answers to a couple of my questions. There was a guy, ChrisN, who really nailed them. It was pretty much a done deal.

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by Sojustask View Post
    There was a guy, ChrisN, who really nailed them. It was pretty much a done deal.


    Quote Originally Posted by ChrisN View Post
    Red flags?



    A small startup registered on the tiny island of Nevis... that has all sorts of disclaimers that they are not subject to all those pesky customer protection laws of the US. That uses a service like alert pay to fund accounts that is apparently asking for deposits as low as $250 to fund accounts for trading in forex which has been called the "Fraud de jour". Claiming they have a magical system that allows them to be one of the top 50 groups in a market that trades close to 4 trillion dollars a day?



    What there isn't a HUGE red flag?



    Why do you think they are avoiding US regulations? If you actually had a system that works, don't you think you would actually go after the large investors? There are DOZENS of hedge funds in the US with millions or BILLIONs in assets that trade on the forex - that can't do as well as this tiny compay claims to - but instead of hooking up wit huge cos that have billions in leverage to make 100s of millions a year, they are going to go out hunting tiny investors that want to fund accounts via alert pay....



    ARE YOU KIDDING ME?

    Quote Originally Posted by ChrisN View Post
    Lets see the evil US Government who Oceanside is apparently trying to avoid at all costs by registering on a tiny island called Nevis...



    FOREX Advisory

    Warning Signs of Fraud

    1. Stay Away From Opportunities That Sound Too Good to Be True

    Hmmm you claim that you are one of the top 50 in a global industry that trades nearly 4 trillion dollars a day...yet your not affilliated with any know reputable trading firm?



    2. Avoid Any Company that Predicts or Guarantees Large Profits

    You

    Check - "The average is somewhere between 5-15%"



    6. Be Wary of Sending or Transferring Cash on the Internet, By Mail or Otherwise

    Alert pay - huge check mark



    Well only three of the huge red flags for a scam... Not as bad as I expected..


    And there there was a new member called "Once Upon a Time" that did a lot of damage as well.

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by Sojustask View Post
    And there there was a new member called "Once Upon a Time" that did a lot of damage as well.
    Quote Originally Posted by Once Upon a Time View Post
    As someone with a teeny tiny familiarity with the worldwide financial business, I genuinely don't think I have ever seen dumber things said by company principals.

    You only set up pools of 15 or less? Of course you do, that's so they can get under the wire as unregulated.

    You use an internet pay transfer system rather than an international bank that can handle direct bank wires? Funny how that works as bank wires are quite traceable.

    You're convinced that you're the only legit forex dealer who uses Alertpay? Were you dropped on your head frequently as a child? Why would a legitimate financial company do business with a company that is, in your own words rife with scammers.

    The biggest reason for NZ is...? Why would a legitimate forex company miss out on the 800 pound gorilla of the investment world i.e. the US? Are you afraid of making money the old fashioned way?

    You participated in a Ponzi and kept the profits? Not sure where you live, but in the US you don't get to do that. I imagine most countries have similar laws to prevent scammers from claiming they were 'innocent' investors.

    If you are NZ brokers, why would you specifically solicit in US$ instead of Kiwis (NZ$)? Most financial companies deal in the currency of their home country and convert as a courtesy to their customers. You don't even have logo for Kiwis among the currency logos on your website. Why wouldn't you be marketing to the natives of your home country?

    Your website says your 'new' system will be available for viewing soon. Why would you even bother to mention it if I can't see it? And what happened to the old system. It's pretty common among nonsense system vendors to abandon a system when it starts to look like a pile of (choose your adjective).

    Your trades in March were 'neutralized' "due to a server switch" according to your performance record on the site. What? The only way that could happen is if the trades didn't actually exist. And a whole month? Any brokerage house I've ever been in would be having a giant cow with server problems that last minutes. A month isn't even a remote consideration. Even for the exchanges, the rules in Chicago, for example, say that come hell or high ***** the exchange can't be closed for more than three days in a row, on the fourth day they will be open in the middle of LaSalle St. downtown if necessary.

    You intend to but haven't covered a 5K loss in good faith yet? Hate to be honest with you, but 5k is a drop in the bucket for even the smallest of brokerage houses. If you are having trouble covering that, then how can you cover the capital requirements for the size deposits your website mentions?

    Why would a NZ brokerage house have a La Jolla phone number listed as a contact?

    Why would a forex trader use a forex bank whose reputation has scads of complaints with server problems. Haven't they ever heard of live backup servers? Seems like a couple hundred spent on a server would be a small cost of doing business.

    Why do you give a rat's a** when and why the phone call or webinar viewing was made? Wouldn't that be in the discovery part of a filed lawsuit rather than an idle threat? Unless of course you are trying to get an ID so you can attack someone without bothering with those pesky lawyers.

    Your system "has done 18% before". Sorry, you don't get to say that unless it's the same system. A new system's records only get to be quoted per it's own records from inception. Anything else can be used as marketing of the success of previous systems. But they're not continuing.

    New Zealand Bancorp? First, one might think that you would use the proper name if you were in negotiations to do business with them. Second, wouldn't a brokerage house have a banking relationship set up before it started operations rather than after? Maybe the regulators in NZ don't pay attention to that sort of thing?

    If there really is a Dr. Singh that you mention, why would a businessman slander him and risk the possible lawsuits just to prove legitimacy? Aren't there better ways to go about that?

    How would you do the accounting to prove that someone has lost you "a million in revenue"? Is your accountant creative enough to be considered an artist?

    How do I research your liquidity as a financial services company? Is there a government agency that keeps tabs and has the info same as in the US?

    These two guys were great and that whole scam was exposed and laid to rest in the first 3 pages. No waste of people's time by going on and on for dozens of pages. It was a beautiful thing to see. It was what real scambusting should be, and it was wonderful.


    Lady Mod @ scam.com

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    Question Re: Oceanside Network is a scam..

    Quote Originally Posted by Sojustask View Post
    These two guys were great and that whole scam was exposed and laid to rest in the first 3 pages. No waste of people's time by going on and on for dozens of pages. It was a beautiful thing to see. It was what real scambusting should be, and it was wonderful.


    Lady Mod @ scam.com
    Remember how Len Clements tried to paint Broker Jones as the victim? How can you work for a guy like Lenny?

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    Re: Oceanside Network is a scam..

    I'm not sure how much LM works "for" Len. The site has needed someone else to be able to do a few of the things that can only be done from the Admin CP, for quite some time. I don't know for sure if Len can ban by IP but if he can't then I have no clue what use he'd be, but from time to time they get a spammer who we'd ban, again and again and all they'd do is register a new user name and spam again. For cases like that you need to ban the IP address they post from and that slows them down some. It could take days or weeks for George to show up to spend the sixty seconds it takes to do the job. Why Len was chosen over someone who'd been loyal to George for many years is another unanswerable question. But as to her working "for" Len I'd say it's more accurate to say she's working for George and despite Len.

    I am continually amused that Len selected the original Broker Jones thread as the one to delete to make his point about what was no longer acceptable on scam. I personally dug as much of the thread as possible out of Google's cache and with help, saw that it was posted where it could be seen. Was every post fact filled and productive? No but it made it clear that good ole Broker hasn't fully owned up to his scam promoting past and isn't being honest about his scam promoting present. But he was friends with Len from over at MLM.com so without even bothering to find out if the accusations being made in that thread were valid, Len deleted it to cover his friend's ass. Something he continued to do in the OceansideForex thread that Broker started. It's not like Len ever had any credibility with the community over there to begin with, outside of a few mewling sycophants, but when his first significant public act is to delete a perfectly valid thread about an active scammer just because that scammer is a friend of his (admittedly, something he doesn't seem to have a great abundance of) he undermines himself even as he undermines that site.
    Last edited by GlimDropper; 06-28-2010 at 02:20 PM.

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by GlimDropper View Post
    I'm not sure how much LM works "for" Len. The site has needed someone else to be able to do a few of the things that can only be done from the Admin CP, for quite some time. I don't know for sure if Len can ban by IP but if he can't then I have no clue what use he'd be, but from time to time they get a spammer who we'd ban, again and again and all they'd do is register a new user name and spam again. For cases like that you need to ban the IP address they post from and that slows them down some. It could take days or weeks for George to show up to spend the sixty seconds it takes to do the job. Why Len was chosen over someone who'd been loyal to George for many years is another unanswerable question. But as to her working "for" Len I'd say it's more accurate to say she's working for George and despite Len.

    I am continually amused that Len selected the original Broker Jones thread as the one to delete to make his point about what was no longer acceptable on scam. I personally dug as much of the thread as possible out of Google's cache and with help, saw that it was posted where it could be seen. Was every post fact filled and productive? No but it made it clear that good ole Broker hasn't fully owned up to his scam promoting past and isn't being honest about his scam promoting present. But he was friends with Len from over at MLM.com so without even bothering to find out if the accusations being made in that thread were valid, Len deleted it to cover his friend's ass. Something he continued to do in the OceansideForex thread that Broker started. It's not like Len ever had any credibility with the community over there to begin with, outside of a few mewling sycophants, but when his first significant public act is to delete a perfectly valid thread about an active scammer just because that scammer is a friend of his (admittedly, something he doesn't seem to have a great abundance of) he undermines himself even as he undermines that site.
    Okay. I stand corrected. Maybe she just works "around" Len.

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by Live&Learn View Post
    Remember how Len Clements tried to paint Broker Jones as the victim? How can you work for a guy like Lenny?
    I don't work for him, I don't even work for George. If I was working for either of them they would be paying me. And, paying me well.

    Yes, I remember the guy being painted as a victim. That's why I agreed that the thread be closed and a new one opened.

    I seem to have a lot more faith in the people on that site to expose a scam than they do themselves. When they had to do it within certain rules, they managed to not only do it but to do so very quickly.

    That made that thread worth sticking to the top of that forum. Someone who might get ripped off by that company will find out very quickly (with a short interuption when Len interfered) that it's not only a scam but why it's a scam.

    That makes it a valuable thread to keep in sight. The other one had good info in it, but that info was buried under heaps of crap. Most people will not wade through crap even if it's to unbury a diamond.

    And if you guys aren't diligent and careful, you will only manage to replicate the same bothersome and useless threads here.

    Be unique.

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    Cool Re: Oceanside Network is a scam..

    Quote Originally Posted by Sojustask View Post
    I don't work for him, I don't even work for George. If I was working for either of them they would be paying me. And, paying me well.

    Yes, I remember the guy being painted as a victim. That's why I agreed that the thread be closed and a new one opened.

    I seem to have a lot more faith in the people on that site to expose a scam than they do themselves. When they had to do it within certain rules, they managed to not only do it but to do so very quickly.

    That made that thread worth sticking to the top of that forum. Someone who might get ripped off by that company will find out very quickly (with a short interuption when Len interfered) that it's not only a scam but why it's a scam.

    That makes it a valuable thread to keep in sight. The other one had good info in it, but that info was buried under heaps of crap. Most people will not wade through crap even if it's to unbury a diamond.

    And if you guys aren't diligent and careful, you will only manage to replicate the same bothersome and useless threads here.

    Be unique.
    But, but, but, Broker Jones knows people! His uncle is a judge (I think).

    He's probably consulting with his legal counsel right now. LOL

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by Live&Learn View Post
    But, but, but, Broker Jones knows people! His uncle is a judge (I think).

    He's probably consulting with his legal counsel right now. LOL
    LOL, well, if it's the same idiot who told them that becoming an MLM opportunity was a brilliant idea, or to turn down a billion dollars for their invention, they are in big trouble.

    ;)

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by Live&Learn View Post
    But, but, but, Broker Jones knows people! His uncle is a judge (I think).

    He's probably consulting with his legal counsel right now. LOL
    The only "consulting" Jones would have with any "counsel" would be which one of them got the last cupcake with their morning coffee.

    The very last place scamming fraudsters like "Broker Jones" and his ilk would ever be was anywhere with the word "legal" associated with it.

    People have been trying for years to force "Broker Jones" to follow through with just ONE of his threats to sue

    Can you imagine the humour which would follow any judge/lawyer asking Jones a question along the lines of:

    "Well, Mr Jones, before we begin hearing your complaint against an anonymous internet poster, can you first please explain to the court the nature of your business and your previous history to give the court an idea of the seriousness of your complaint"

    Yeah, RIGHT.

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by Sojustask View Post
    These two guys were great and that whole scam was exposed and laid to rest in the first 3 pages.
    Well, the 3 extra pages were not needed had the original thread not been deleted for no good reason in the first place. It said the same thing.

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by Whip View Post
    Well, the 3 extra pages were not needed had the original thread not been deleted for no good reason in the first place. It said the same thing.
    It also had broker and jd, painting themselves in the corner... Had Johnny Law came down, that first thread would of been all they needed..


    Sojustask, did you notice in the 100 posts thread that Len basically admitted Broker and JD came to him and asked him to delete the thread.. SO as he said they could open a new one where they could answer questions.. You and I both know that only happened after I raised a fuss and Len deleted the other thread I started.. He is also sticking with his, I didn't know broker line.. Which is 100% BS because Broker backed Len up on a mlm.com thread.. What do you think of that?


    here is what Len stated.. I had no idea who Broker Jones was before this. He asked that the thread that was personally smearing him be removed in lieu of opening another thread where he and his partner would respectfully respond to every question or concern submitted. After reading the smear thread I determined that it was, indeed, nothing but a series of baseless attacks on the man, not his company.

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by fastmoney View Post
    here is what Len stated.. I had no idea who Broker Jones was before this. He asked that the thread that was personally smearing him be removed in lieu of opening another thread where he and his partner would respectfully respond to every question or concern submitted. After reading the smear thread I determined that it was, indeed, nothing but a series of baseless attacks on the man, not his company.
    Now that was a work of comedy genius right there. I don't think I have laughed so hard.

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by Whip View Post
    Well, the 3 extra pages were not needed had the original thread not been deleted for no good reason in the first place. It said the same thing.
    Actually,

    Clements has done a service to any potential fraudsters on the 'net by clarifying EXACTLY what said fraudsters need to do in avoiding exposure (well, exposure on scamCENTRAL.com anyway.

    All a criminal scammer has to do is:

    1) Bury his misdeeds behind a well designed website

    and

    2) Send a whining email to Clements.

    BINGO all is solved in LennyVille.

    Andy Bowdoin and the AdSurf Daily crew of criminals must be kicking themselves right about now.

    Twelve more months and they would have been safe on scamCENTRAL.com unless someone could have gained access to the inner sanctum of AdSurf Daily and removed actual documents proving what "EVERYONE" knew all along.

    Even then, given Clements' modus operandi, he would have required each document to have been notarized and verified by a court appointed officer before he would allow the "proof" to be posted.

    Bowdoin too, would have been safe.

    "Criticize the company and not the individual behind it" is the new mantra inthe "World According to Clements"

    So, all those readers and posters contemplating opening up a new venture are now clear that all they have to do is:

    a) Make sure there's a "name" up front of the scam and YOU won't be mentioned on scamCENTRAL.com

    b) Keep the paperwork (if any) well hidden and you're even safer.

    c) Before doing ANYTHING, contact Broker Jones c/- scamCENTRAL.com for tips, tricks and hints

  20. #20
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    Re: Oceanside Network is a scam..

    I don't think a company and its principals CAN be separated. There is a reason a company is a scam and it's not because of its name.

    Well...sometimes the name just screams scam but it takes people to perpetuate it.
    But it's a dry heat!

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    fastmoney's Avatar
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    Re: Oceanside Network is a scam..

    30% proven over 9 months... Wow...

    Just ask him if he would show a stateside auditor proof of that..

    Smoke and mirrors..





    From the Diary of broker Jones....
    3 Quarters Of Live Trading Behind Oceanside Forex

    June 30, 2010 in Uncategorized

    We’ve been showing the live proof for 9 months now.

    We’ve been growing by around 30% for 9 months now.

    Here comes our 4th quarter and the celebration of our 1st year in business on October 1st.

    There’s really nothing left to say.

    ~Free Your Life, Live Your Dreams~

    Broker Jones

    O C E A N S I D E President

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    Re: Oceanside Network is a scam..

    Quote Originally Posted by fastmoney View Post
    30% proven over 9 months... Wow...

    Just ask him if he would show a stateside auditor proof of that..

    Smoke and mirrors..
    Auditor? I wont hold my breath. But you'd think with amazing returns like that, professional Forex traders would take notice. I had the misfortune of attending one of Russ Whitney's "Teach Me To Trade" sales pitches where they wanted to sell you software for picking winning stock market trades (and high priced seminars teaching you to use it). They were promising fantastic returns with very little risk or even effort.

    One thing that caught my eye was that in the crowd who attended the free meeting, only one person claimed any knoledge or experience with stock trading and he was a shill planted in the group to aid the sales pitch. Many were elderly and the rest were just regular working class folks who didn't realize that infomercials are the worst source of investment advice (with the possible exception of certain webinars). But if that trading software could do what it's promoters claimed you should think some people who do that sort of thing for a living would be very interested in the product, after all it was better at the job they do than they are. The fact that people who spend their lives studying the market and trade for a living had no interest at all in the software, that or found the claims about it too unbelievable, told me a lot about the presentation.

    Scams like Oceanside Forex, and TMTT don't market themselves to professional traders, the people who would be willing to pay the most for the software if it actually worked because those are also the people in the best position to spot the lies they tell to market themselves. Oceanside Forex markets it's self to people with little or no actual knoledge about Forex trading because they're the only ones who take those outlandish claims seriously.
    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.

  23. #23
    Sojustask is offline Banned
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    Re: Oceanside Network is a scam..

    Quote Originally Posted by GlimDropper View Post
    Scams like Oceanside Forex, and TMTT don't market themselves to professional traders, the people who would be willing to pay the most for the software if it actually worked because those are also the people in the best position to spot the lies they tell to market themselves. Oceanside Forex markets it's self to people with little or no actual knoledge about Forex trading because they're the only ones who take those outlandish claims seriously.
    Forex trading and MLM, they are two vastly different creatures. They were never meant to get together and procreate. These guys are worse that snake oil salesman.

    Unbelievable

  24. #24
    littleroundman is offline Administrator
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    Re: Oceanside Network is a scam..

    Quote Originally Posted by Sojustask View Post
    Forex trading and MLM, they are two vastly different creatures. They were never meant to get together and procreate. These guys are worse that snake oil salesman.

    Unbelievable
    Unfortunately for anyone who has sent Oceanside/Broker Jones their hard-earned,

    they're not doing either forex trading OR multi level marketing.

    Their claimed returns are both unrealistic and unachievable,

    Their structure is illegal,

    they cannot trade legally in the USA,

    OH, and, worst of all,

    well known HYIP ponzi scammer "Broker Jones" is in charge.

    How much more could a koala bear ???

  25. #25
    Lightbulb's Avatar
    Lightbulb is offline Member
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    Re: Oceanside Network is a scam..

    I just popped over to scam dot com to read up on Oceanside Network but pages #2 and #3 of the 4 page thread are blank. What I mean is that the name of the poster and the box that would normally have the post in it is blank for 2 entire pages. Does anyone know if Len did some deleting and editing? Or is Zach/George having server issues or is it possible that some posts were lost while scam dot com was down recently?

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