Thread: Banners Broker HYIP ponzi scam

Originally Posted by CitizenKhan

Is there any way of telling these website orgnisers that Septic Simon Stepsys is a fraudster ?

Apparently 155 people agree Simon should be a top internet marketer - he knows just about Internet Marketing as guy cleaning toilets :)

Top Internet Marketers In Direct Selling - Poll 2014

If few hundreds thousand BB members were thinking they do serious business ,155 is in fact very bad result for Simon...obviously Simon is a bad hunter because catch is everywhere to find

Originally Posted by CitizenKhan

Is there any way of telling these website orgnisers that Septic Simon Stepsys is a fraudster ?

Apparently 155 people agree Simon should be a top internet marketer - he knows just about Internet Marketing as guy cleaning toilets :)

Top Internet Marketers In Direct Selling - Poll 2014

No doubt the people holding the vote are just as bad.

What some others may fail to realize is that voting for "Top Internet Marketer" is no different than voting for:

* Top drug dealer
* Top gang member
* Top prison inmate


An Internet Marketer in direct selling translates to all things bad unless you find stealing and misleading others good.

Hardly something to boast about. In fact, hopefully the time will come when all these internet marketers find themselves on the "Prison Inmate Hotties" list.

C'mon,

With Tony Rush, Simon Stepsys and Kai Lo in the top 20, how could anyone take this seriously ??

Three of the top HYIP ponzi and pyramid scheme promoters on the 'net today.

The other nominees should hang their heads in shame just for being associated with names like that.

"Internet marketers" my a**

What the heck? Brad Heather did not make the top 76? Seriously? Brad Heather, what happened? You keep claiming you are this successful Internet Marketer and you couldn't crack the top 76? Egads what's this world coming to?

..oh..... Mike Filsaime ....then you know what kind of the list is this....forget it...I bet many on the list do not need to hang their heads in shame for they have no shame.

Just reading an update on this terrible tragedy that happened the other day. Came across the comment by Evoke. Of course the connection to BB can not be proven from this comment alone but certainly food for thought given that we do know that Cork had a huge number of affiliates.

Murder-suicide dad in legal battle with three different banks - Independent.ie

Originally Posted by Mundorf

..oh..... Mike Filsaime ....then you know what kind of the list is this....forget it...I bet many on the list do not need to hang their heads in shame for they have no shame.

it's pretty much a small who's who list of scammers. can't believe sloan didn't nominate herself and see russo was smart enough not to.

Originally Posted by Whip

it's pretty much a small who's who list of scammers. can't believe sloan didn't nominate herself and see russo was smart enough not to.

...but Maryanne Myers would certainly love to see her on the prestige list.

Originally Posted by HARRISON

Spergel is down.
Attachment 8844

Get down! Get back up again!

Banners Brokers International Limited | Spergel

Originally Posted by Beacon

Get down! Get back up again!

Banners Brokers International Limited | Spergel

In case people have not read the entire Tower of Babel may I direct your attention to the most recent doccument
http://www.spergelcorporate.ca/wp-co...202%202014.pdf

Hint: If you are looking for something look at the first few pages in these files and they have a list of contents with page references.

I note a lot of internet pages from BBPS facebook and Finch and others are reproduced in colour ( yes I spell color the Canadian way). I liked the reference to the court files as "fifty shades of grey for lawyers" LOL spergel have a lot of self references in all these internet pages.

As many of you are aware with Ponzis and HYIPs they tend to give people excuses and the runaround with delays and rarely supply information requested

You might note what happens when a court is asking this. Look in this file at the correspondence with Chris smiths lawyer about looking for information from CS on BB and associated companies. It begins on page 228 and runs to 238. they try the usual "runaround" stuff e.g. Im busy with other business, Im not around, ther is nobody else to deal with this. Spergel nicely deal with this in a matter of days. ~ Acknowledge by letter receipt of all replies with date and time of email sent usually within a day of getting it. They dismiss all the runaround waffle and continually point out the court has asked Smith to provide the information and the lawyer who appeared in court Harry
Fogul
[hfogul@airdberlis.com] was told by the Judge to supply someone who could provide the information if he could not or was not going to do it himself. Now I dont know what the court will do but I suspect the "Im too busy" "I need to review it before I give you the information" and "chris in not around" wont really wash with the Judge and not just Banners Broker but Aird and Berlis will find themselves in difficulty over this.
As the song goes~
Hard rain's gonna fall.

Note also the property valuations following this section as you can add on several million more to the $6million in cash in IoM and other smaller accounts to add to. Although it does not make up to the $70 million or so that seems to have come into the scheme at least ten ot fifteen million seems to be there.

Given that Ian Driscoll brought lots of victims to BB, actively pushing it knowing fully well that it was a Ponzi scheme and give us your money and we will double it claims!

I for one, do not wish to see Ian Driscoll get a penny out of this.

In fact, I wish to see him do time behind bars and get special soapy showers, get aids! You get my drift....

He deserves to be shafted like he shafted tens of thousands of victims!


How can I do this legally? Should I contact courts if so - will a collective action, by all of us, have a great voice?

Crimestoppers UK

Actionfraud UK Police

National Crime Agency UK

Originally Posted by CitizenKhan

Given that Ian Driscoll brought lots of victims to BB, actively pushing it knowing fully well that it was a Ponzi scheme and give us your money and we will double it claims!

I for one, do not wish to see Ian Driscoll get a penny out of this.

In fact, I wish to see him do time behind bars and get special soapy showers, get aids! You get my drift....

He deserves to be shafted like he shafted tens of thousands of victims!

you have to be careful about what you say. It may all be true but if you appeared as a witness in a court and the above message was reproduced or you were asked if that is what you believe it would make your testimony look biased.
A court ( well a criminal one) has to assume Driscol is innocent. also if you are taking a civil case you have to have standing i.e. you have to be directly involved. You cant sue Driscoll for something that happened to someone else.

Given the above the best you could do is contact someone ( the liquidaror of BB for example in the Civil case or the police officer investigating a criminal case) and supply them not with your opinion but evidence e.g. video evidence of him saying he will "double your money" ; explanations of what a cycler or doubler is in ; evidence of people being involved in several similar schemes and therefore knowing how they work etc. In fact much of that type of evidence is in this very discussion. If you look at what Spergel have been compiling you might note documents from here, Finch, BB scam Facebook page etc. So just contributing to the discussion is assisting in compiling such information in one place.

How can I do this legally? Should I contact courts if so - will a collective action, by all of us, have a great voice?

In the direct IoM case and his claim for the six million you could contact the liquidator with anything you know about him, his history , and his ongoing involvment in similar schemes. Supply them with actual evidence such as video evidence (IIR there is a video of him in the Carribean in this thread talking about emergent technology). If you can sho he was involved in similar schemes before and after BB the claim he was duped will be very weak argument.

By the way British Law does not have "Class Action"

Over on the BB Ponzi Scam FB page, it says that the liquidators of BB have now filed a notice of disclaimer against property held by Stellarpoint. From my very brief research, it seems that this is standard practice - to remove personal liability from liquidators - where property is held to be "onerous".

"Onerous" property is apparently that which is unsaleable or not easily saleable, and which might give rise to a continuing liability.

I am not a lawyer, so I haven't got a clue what the implications of this are. Could it be that they want to speed up the process? Why is Stellarpoint property "onerous" anyway? Or is it just part of the process?

Originally Posted by Della Cate

Over on the BB Ponzi Scam FB page, it says that the liquidators of BB have now filed a notice of disclaimer against property held by Stellarpoint. From my very brief research, it seems that this is standard practice - to remove personal liability from liquidators - where property is held to be "onerous".

"Onerous" property is apparently that which is unsaleable or not easily saleable, and which might give rise to a continuing liability.

I am not a lawyer, so I haven't got a clue what the implications of this are. Could it be that they want to speed up the process? Why is Stellarpoint property "onerous" anyway? Or is it just part of the process?

I'm just guessing Della, but didn't Stellarpoint share this building with another company? So again, I'm guessing it was rented rather than brought? This would mean that the Receivers will be liable for rent if they have confiscated the property - hence the Disclaimer. This is good news, it means they are working really hard in the background. Really looking forward to when it all comes out in the open.

Originally Posted by HARRISON

I'm just guessing Della, but didn't Stellarpoint share this building with another company? So again, I'm guessing it was rented rather than brought? This would mean that the Receivers will be liable for rent if they have confiscated the property - hence the Disclaimer. This is good news, it means they are working really hard in the background. Really looking forward to when it all comes out in the open.

Raj purchased the building with cash. However, he did rent out some floor space to other companies and that could present a problem for prospective purchasers depending upon the type and length of the leases the tenants signed.

Originally Posted by Ken Roklin

Raj purchased the building with cash. However, he did rent out some floor space to other companies and that could present a problem for prospective purchasers depending upon the type and length of the leases the tenants signed.

Stellar Point is located in Salford Quays, where the new BBC headquarters are.....5 mins away from Old Trafford ( Home of Manchester United FC ) that building would be worth over £1M.....If Raj did purchase that with BB cash then it'll be in the assets Dept on the liquidators / receivers list? Hopefully will be sold & the cash will filter through to BB members?

Originally Posted by Abj2k9

Stellar Point is located in Salford Quays, where the new BBC headquarters are.....5 mins away from Old Trafford ( Home of Manchester United FC ) that building would be worth over £1M.....If Raj did purchase that with BB cash then it'll be in the assets Dept on the liquidators / receivers list? Hopefully will be sold & the cash will filter through to BB members?

I think we were talking about Stellar's headquarters in Whitby, Ontario, Canada. He may have, but I doubt Raj would have purchased any buildings in other countries (except for India).

NEW COURT DOCUMENTS RELEASED:

The courts have now allowed the frozen payment processor funds to be released to the Receivers:


http://www.spergelcorporate.ca/wp-co...Restraint).pdf

http://www.spergelcorporate.ca/wp-co...%2014%2015.pdf

http://www.spergelcorporate.ca/wp-co...%2014%2015.pdf

Originally Posted by Mundorf

..oh..... Mike Filsaime ....then you know what kind of the list is this....forget it...I bet many on the list do not need to hang their heads in shame for they have no shame.

He and Ewen Chia are a combination that would curdle milk!

Originally Posted by HARRISON

NEW COURT DOCUMENTS RELEASED:

The courts have now allowed the frozen payment processor funds to be released to the Receivers:


http://www.spergelcorporate.ca/wp-co...Restraint).pdf

http://www.spergelcorporate.ca/wp-co...%2014%2015.pdf

http://www.spergelcorporate.ca/wp-co...%2014%2015.pdf

As stated in the court documents, Stellar Point's building at 5 Carlow Court was sold in March 2014 for $1.2 mil. Who knows where that money is now. Another building on Bayview Ave., in Toronto, owned by Smith was/is up for sale for $4.1 mil.

But slowly...as it always is with complex crime investigation...the Gordian knot is being resolved.Slowly the names and numbers will rise surface like rocks during low tide.However it will take few months more before all the heads of the dragon become visible - more we wait means more dirty games investigators discover and probably it will be much more then we expected.

Good thing is that more money discovered:
Turnaround was in tens of millions on those but around $650k left there can be recovered:

beanStream - $537k
STP - around $85k
Payza - around $30k

Also one offshore bank acc in St. Lucia was discovered, where as of Jan 2014, the balance was $4.8m, the balance as of now is unknown.

From the Liquidator's Motion of Jan 14, 2015, page 8:

"The Receiver is not at this stage of its investigation in a postion to conclude
that BBIL or Banners Broker was in fact a ponzi scheme, pyramid scheme, or
criminal enterprise more generally."

Even despite the statements from ex-employees? They even interviewed our friend Terry and the programmer that made the panels dance. What more do they need?!? At least they're continuing the investigation.

you don't really think insiders are going to roll over do you? especially 'stern'. he was one of the biggest douchebag defenders.