Thread: Banners Broker HYIP ponzi scam

I might add on the India situation the police are understaffed
Understaffed police stations get 17 more PSIs, 30 transferred - GOACOM - GOA - INDIA - INFORMATION AND SERVICES IN GOA. Goa News, Goa Konkani News, Goa Sunaparant News, Goan Konakani News, Goa Video News, Goa Yellow Pages
http://www.goapolice.gov.in/officer-tel-nos.pdf
You might note the PI for CID Panaji attended the Bento case. Ther are two PSI for CID listed in their phone book. One of them Vishwanath Tilve dropped dead - apparently from overwork !
Target Goa : GOA CRIME - what's trending - overworked cop drops dead

Originally Posted by waverider

Just a thought, shouldn't the BannersBroker thread be moved into a closed/inactive category ?

This thing is well beyond dead, done and dusted....

Waverider, your comment clearly demonstrates the thinking of a ponzi pimp. Nothing to see here! It's only dead in terms of the end of Smith Dixit and the big pimps looting money from affiliates. For anyone with any sympathy for those scammed, it's very much alive and justice in the process of being served.

Those who mistakenly believed in BB and all that they were told may never see a penny back but certainly deserve to know that others will be protected from falling for the same.

Due diligence is our friend, while continuing to cover the unfolding of events with the ongoing court cases, this thread needs to remain open. You may have washed your hands of BB, even moved onto the next big thing, who knows, but if just a handful of hopefuls decide, based on what they read here, and the lengths ponzi scheme masters will go to, then we've done our job, a job well done!

I hope the Canadian prosecutors have access to all those weekly webinars!

Each one, in conjunction with the bank account evidence surely shows motive, fraud and deception?

Originally Posted by waverider

Just a thought, shouldn't the BannersBroker thread be moved into a closed/inactive category ?

This thing is well beyond dead, done and dusted....

It seems you are being critical of Banners Broker. I think the day may have come that you referred to here:
http://www.realscam.com/f8/banners-b...html#post38075

So, waverider. I look forward to your complying with your post when you said, and I quote:

"If and when the day comes where I can justify saying something about Banners Broker which is critical of the company, or certain aspects of it, then it will be backed up with my full name and address. I do not, however feel any need to go to such measures to justify myself, or my choice of company with whom I've decided to part with some of my hard earned money with.

Whip, I don't need to ask for my money back, I'm about $30 short of re-couping my original input ("investment") from back in August. So if BB collapses over this xmas/new year, I'm down to the tune of a cheap bottle of scotch. No big deal, a bigger shame though, even more so if the naysayers are right and the whole thing was a scam through-and-through (unlikely but nevertheless a possibility I (suppose)"

You are going to fulfill your promise, right?

"So if BB collapses over this xmas/new year, I'm down to the tune of a cheap bottle of scotch. No big deal, a bigger shame though, even more so if the naysayers are right and the whole thing was a scam through-and-through (unlikely but nevertheless a possibility I (suppose)"

I can never get around that what bothers these imbeciles is that we were right on here. NOT that it was a sucker play ponzi from day one.
I just dont get it.

Originally Posted by Fat City, LA

"So if BB collapses over this xmas/new year, I'm down to the tune of a cheap bottle of scotch. No big deal, a bigger shame though, even more so if the naysayers are right and the whole thing was a scam through-and-through (unlikely but nevertheless a possibility I (suppose)"

I can never get around that what bothers these imbeciles is that we were right on here. NOT that it was a sucker play ponzi from day one.
I just dont get it.

I agree with you. What I also still cannot get my head around is that some people must have gone into it knowing it was dodgy right from the start - but they still did it. And those who stayed in hoping for a payout even if it came at the expense of others....I mean, how could they do that?

I saw another scheme advertised on the web yesterday (don't ask me what it was, I cannot remember) which blatantly urged people to "get in early" for the maximum return. Yeah, right - so that you can profit from the suckers joining after you I suppose!

Originally Posted by Della Cate

even if it came at the expense of others....I mean, how could they do that?

Stick around and you'll discover that is the very last thing on the mind of HYIP ponzi players.

You need look no further than Septic Simon Stepsys and his merry band of fraudsters to know empathy is not a desirable attribute in HYIP ponzi players and get-rich-quickers

Which, by the way, in 2014, is not confined to HYIP ponzi players. It's more of a reflection of society in general.

To them, the elderly, naive and trusting make BETTER victims, to be sought out and targeted.

Originally Posted by Della Cate

I agree with you. What I also still cannot get my head around is that some people must have gone into it knowing it was dodgy right from the start - but they still did it. And those who stayed in hoping for a payout even if it came at the expense of others....I mean, how could they do that?

I saw another scheme advertised on the web yesterday (don't ask me what it was, I cannot remember) which blatantly urged people to "get in early" for the maximum return. Yeah, right - so that you can profit from the suckers joining after you I suppose!

There are tons of HYIP's/Hybrids (www.moneymakersgroup.com) that all say "get in early". new ones starting up almost daily. A lot of people play these "games" (knowing they are all scams) and get in early as they know the life of these schemes is very short and if they pay at all it is early in the game. Most of them pay early in the game and the players post their "earnings" in order to promote the plan.

Originally Posted by Della Cate

I agree with you. What I also still cannot get my head around is that some people must have gone into it knowing it was dodgy right from the start - but they still did it. And those who stayed in hoping for a payout even if it came at the expense of others....I mean, how could they do that?

I saw another scheme advertised on the web yesterday (don't ask me what it was, I cannot remember) which blatantly urged people to "get in early" for the maximum return. Yeah, right - so that you can profit from the suckers joining after you I suppose!

Yes it's hard to credit. A lot of scum posted here in the early days claiming it is a "money game". sorry, can't see its a "game" for the people who didn't know the "rules".

Originally Posted by Dreamstealer

sorry, can't see its a "game" for the people who didn't know the "rules".

HYIP ponzi fraudsters and their apologists have the perfect answer for that.

It's the victims' fault if they didn't bother to find out "the rules" before they began playing the game and doubly their fault if they "invested more than thy could afford to lose"

Yes, LRM, you are right. I remember dear David Hooker starting to backpedal and tell people that they should not "invest" more than they could afford to lose. He, or one of the crew, also started going on about "not putting all your eggs in one basket" and that they should have "multiple streams of income". Mind you, as I recall it, this was only said AFTER the good ship Banners Broker showed signs that it was taking on water and in danger of sinking.

Just like MAPs really. At present, over on the Simon Stepsys's MAPS Facebook group, people are being told to focus on MAPs, to put their money into that, to buy more of their "credit packs"; in fact to aim to have 1200 of the credit packs. But I wonder how long it will be before people are being told that they should not rely too much on one thing, that they should diversify, etc etc etc.

Just like Banners Broker! Depressing how the same thing keeps popping up over and over again. Like Groundhog Day for scammers.

WARNING: Seems that the people behind BB started skimming participants' bank accounts:

From https://www.facebook.com/pages/Banne...98614356881465, from John Scott:

"A word of warning. Please pass on. Banners Broker created a business called Create My Suite. This was signed up to through the Banners Broker Website.Today they took £1.88 from my bank account and looking back looks like they have been doing the same for months. I have notified Spergel in Ontario of this and my bank has put a block on this company taking any more money. Everyone that was in BB needs to check their bank accounts to see if BB under the guise of Craete My Suite are still taking money and get the transactions stopped. at 450,000 members that is still in excess of £500,000 stirling they are potentially raking in from small transactions that will likely get missed when people check their statements."

This is an interesting site - from Australia.

Pyramid schemes

This comment from the site is especially interesting to me: In Australia, it is against the law not only to promote a pyramid scheme, but even to participate in one. Is that true? Doesn't that have serious implications for any Australian citizens who involved themselves in BB (and other similar endeavours)?

Originally Posted by Della Cate

This is an interesting site - from Australia.

Pyramid schemes

This comment from the site is especially interesting to me: In Australia, it is against the law not only to promote a pyramid scheme, but even to participate in one. Is that true? Doesn't that have serious implications for any Australian citizens who involved themselves in BB (and other similar endeavours)?

It is very true, Della.

In fact, if you read through this thread from the cash gifting subforum here on REALSCAM.com you'll soon realize the same pyramid scheme participation and promotion laws apply in virtually every state in the USA: Cash gifting and the Law in the USA, State by State

Originally Posted by littleroundman

It is very true, Della.

In fact, if you read through this thread from the cash gifting subforum here on REALSCAM.com you'll soon realize the same pyramid scheme participation and promotion laws apply in virtually every state in the USA: Cash gifting and the Law in the USA, State by State

In Europe countries/States can make their own laws. But they also have signed several EU treaties which allow for the EU Commission, Council and Parliament a role in what is called "secondary" legislation. They cover a broad swathe of legislation e.g. Environment, Transport, Agriculture and fisheries, Labour laws. Some laws are not binding e.g. The UK did not sign the Social chapter of The Masstricht Treaty
Treaty Tightrope: The Social Chapter: what it is and why Conservatives hate it - UK Politics - UK - The Independent
which meant they did not have to bring in a minimum wage, or join the Euro but they did subscribe to the other parts of this Treaty.
The EU Unfair Commercial Practices Directive (Directive 2005/28/EC of 11 May 2005) (pdf) deals with unfair business-to-consumer commercial practices, (it does not apply to dealings between businesses). The Consumer Protection Act 2007 provides for its implementation in Ireland.
Laws made in the EU are issued in EU "Directives" and in this case the Directive is
http://eur-lex.europa.eu/LexUriServ/...22:0039:EN:PDF
States have I think (under the Lisbon Treaty) six weeks to reject or ammend them
If you look at annex I on page 15 you will see

14. Establishing, operating or promoting a pyramid promotional scheme wh
ere a consumer gives consideration for the
opportunity to receive compensation that is derived primarily from the in
troduction of other consumers into the
scheme rather than from the sale or consumption of products.

This was implemented in Ireland through The Consumer Protection Act 2007. This is not to say Ireland did not already have Pyramid Selling Legislation.The Pyramid Selling Act 1980 was repealed by the Consumer Protection Act 2007 and replaced by new provisions in it.
Consumer Protection Act 2007
Part 4 deals with pyramid selling

2 a) the opportunity to receive compensation need not be limited to the person’s introduction of other persons into the scheme but may include their introduction by other persons;

66 (2)

(2) For the purposes of subsection (1), a “scheme promoter” means a person who establishes, operates or promotes a pyramid promotional scheme or who induces or attempts to induce others to participate in such a scheme, and includes any person acting on a scheme promoter’s behalf.

Consumer Protection Act 2007, Section 64

I would argue one would have to actively and or knowingly promote the scheme. One could argue that people who toolk part did not believe it was a scam but the people who turned up for the World Tour in Dublin were certainly promoting Banners Broker. They were also warned before and after this event that it was a scam and they continued to promote it. The due dilligence ( Section 78) was theirs to do. In addition many of the participants were serial scammers and continue to operate other scams.

There is a statute of limitations Consumer Protection Act 2007, Section 76

charges will have to be brought within two years.

the max penalty is

79 (6) A person guilty of an offence under section 65 (2) is liable on conviction on indictment to a fine not exceeding €150,000 or imprisonment for a term not exceeding 5 years or both.

this is fairly serious because in Ireland you can get six years or less for manslaughter.

the short answer is

Depends on country but in most places you can be charged for participating. If you were an unknowing victim and didn't promote the scheme then you would most probably not be found guilty. in fact I would reckon police would not bother pressing charges in such cases.

Originally Posted by littleroundman

It is very true, Della.

In fact, if you read through this thread from the cash gifting subforum here on REALSCAM.com you'll soon realize the same pyramid scheme participation and promotion laws apply in virtually every state in the USA: Cash gifting and the Law in the USA, State by State

In Europe countries/States can make their own laws. But they also have signed several EU treaties which allow for the EU Commission, Council and Parliament a role in what is called "secondary" legislation. They cover a broad swathe of legislation e.g. Environment, Transport, Agriculture and fisheries, Labour laws. Some laws are not binding e.g. The UK did not sign the Social chapter of The Masstricht Treaty
Treaty Tightrope: The Social Chapter: what it is and why Conservatives hate it - UK Politics - UK - The Independent
which meant they did not have to bring in a minimum wage, or join the Euro but they did subscribe to the other parts of this Treaty.
The EU Unfair Commercial Practices Directive (Directive 2005/28/EC of 11 May 2005) (pdf) deals with unfair business-to-consumer commercial practices, (it does not apply to dealings between businesses). The Consumer Protection Act 2007 provides for its implementation in Ireland.
Laws made in the EU are issued in EU "Directives" and in this case the Directive is
http://eur-lex.europa.eu/LexUriServ/...22:0039:EN:PDF
States have I think (under the Lisbon Treaty) six weeks to reject or ammend them
If you look at annex I on page 15 you will see

14. Establishing, operating or promoting a pyramid promotional scheme wh
ere a consumer gives consideration for the
opportunity to receive compensation that is derived primarily from the in
troduction of other consumers into the
scheme rather than from the sale or consumption of products.

This was implemented in Ireland through The Consumer Protection Act 2007. This is not to say Ireland did not already have Pyramid Selling Legislation.The Pyramid Selling Act 1980 was repealed by the Consumer Protection Act 2007 and replaced by new provisions in it.
Consumer Protection Act 2007
Part 4 deals with pyramid selling

2 a) the opportunity to receive compensation need not be limited to the person’s introduction of other persons into the scheme but may include their introduction by other persons;

66 (2)

(2) For the purposes of subsection (1), a “scheme promoter” means a person who establishes, operates or promotes a pyramid promotional scheme or who induces or attempts to induce others to participate in such a scheme, and includes any person acting on a scheme promoter’s behalf.

Consumer Protection Act 2007, Section 64

I would argue one would have to actively and or knowingly promote the scheme. One could argue that people who toolk part did not believe it was a scam but the people who turned up for the World Tour in Dublin were certainly promoting Banners Broker. They were also warned before and after this event that it was a scam and they continued to promote it. The due dilligence ( Section 78) was theirs to do. In addition many of the participants were serial scammers and continue to operate other scams.

There is a statute of limitations Consumer Protection Act 2007, Section 76

charges will have to be brought within two years.

the max penalty is

79 (6) A person guilty of an offence under section 65 (2) is liable on conviction on indictment to a fine not exceeding €150,000 or imprisonment for a term not exceeding 5 years or both.

this is fairly serious because in Ireland you can get six years or less for manslaughter.

the short answer is

Depends on country but in most places you can be charged for participating. If you were an unknowing victim and didn't promote the scheme then you would most probably not be found guilty. in fact I would reckon police would not bother pressing charges in such cases.

Looks like Mark Ghobril is working on another way to extract money from Banners Broker members.



TIP: keep a tight grip on your wallet and hide your childrens' piggy banks before you have anything to do with Mark Ghobril

It just amazes me that Banners Broker is still active. Here is a big hint. If a company is offering a business opportunity and they are based in Belize, it is a scam.

Originally Posted by EthanVanderbuilt

It just amazes me that Banners Broker is still active. Here is a big hint. If a company is offering a business opportunity and they are based in Belize, it is a scam.

It is so not active. its been dead on payments for more than a year, and now is dead–dead as liquidators hit Canada.

Even holy and blessed do not believe it will resurrect any more.

https://www.facebook.com/permalink.p...98614356881465

Much in this post from BB Scam FB Page.

Yep, everyone is patiently waiting on toronto police and court. Even Mark Ghobril (i do not believe that he was just a brainwashed, he is a Pimp who did not care while $ were poring in)

I am very glad to hear that.

Originally Posted by NikSam

It is so not active. its been dead on payments for more than a year, and now is dead–dead as liquidators hit Canada.

Even holy and blessed do not believe it will resurrect any more.

Originally Posted by Fat City, LA

https://www.facebook.com/permalink.php?story_fbid=749556305120600&id=398614 356881465

Much in this post from BB Scam FB Page.

It's always fun watching ponzi pimps trying to outdo each other with "I didn't know anything, I'm an innocent victim too" posts after the collapse of a HYIP ponzi fraud.

Like any of them is ever going to come out and tell the truth" "Of course I knew, but you'll never prove it"

That's interesting - "...only Chris,Ray and Kul knew exactly what was really going on "...of course,NOBODY was able to find out what was really going on.It was such a secret - impossible for anyone even to suspect .Ghobril was not an exception ,after all,why should he - there was no place on the net where he was able to read opposite and even if he would,why not believe persons like Chris or Ray...when money was there for Ghobril to be picked up in large quantities .