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Thread: Banners Broker HYIP ponzi scam

  1. #16926
    HARRISON's Avatar
    HARRISON is offline Senior Scambuster
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    Re: Banners Broker HYIP ponzi scam

    Over a million dollars went through Don River to set up PayValley/WorldE Wallet which was never completed and little work was ever done.
    And since this money has vanished, it looks like this case may go to trial???


    bb don river 1.jpg

    bb don river 2.jpg

  2. #16927
    Della Cate is offline Elite Scambuster
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by littleroundman View Post
    I can remember the abuse I copped in this thread from Ken Roklin when I pointed out Canadas' poor record when dealing with fraud and fraudsters.
    But why are they so bad at it?

    I hope to God that the Americans are better at it when it comes to Traffic Monsoon.

  3. #16928
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by littleroundman View Post
    I can remember the abuse I copped in this thread from Ken Roklin when I pointed out Canadas' poor record when dealing with fraud and fraudsters.
    you had the wrong banners sterling point broker ltd. duh
    Haven't lost any money to online scams.......results are typical.

  4. #16929
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    Re: Banners Broker HYIP ponzi scam

    Some curious news in today suggests that althrough the court documents state the fine was $50,000, it may in fact be $4 million instead. More news on this to follow shortly...

  5. #16930
    littleroundman is offline Administrator
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    Re: Banners Broker HYIP ponzi scam

    I'd be surprised if there wasn't some form of disgorgement order issued as well.

    Although, it is Canada, after all, so, who knows ????
    The only thing necessary for the triumph of evil is for good men to do nothing

  6. #16931
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    Re: Banners Broker HYIP ponzi scam

    Confirmation of the fines imposed by the Court:

    '... the criminal proceedings, we have now confirmed that the fines in fact total approximately $4 million ($1,435,000 for Smith and $2,500,000 for Dixit)
    and that if they do not pay their respective fines within five years there is a “default hearing” and a presumptive 5 year prison sentence.
    The criminal proceedings require that each of Smith and Dixit pay $50,000 within the first two years. The default hearing is a mechanism whereby Smith and Dixit are allowed to adduce evidence as to why they are unable to pay the balance of the fine...'

  7. #16932
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by HARRISON View Post
    Confirmation of the fines imposed by the Court:

    '... the criminal proceedings, we have now confirmed that the fines in fact total approximately $4 million ($1,435,000 for Smith and $2,500,000 for Dixit)
    and that if they do not pay their respective fines within five years there is a “default hearing” and a presumptive 5 year prison sentence.
    The criminal proceedings require that each of Smith and Dixit pay $50,000 within the first two years. The default hearing is a mechanism whereby Smith and Dixit are allowed to adduce evidence as to why they are unable to pay the balance of the fine...'
    I absolutely understand why people become "internet marketers". As let down as I am with this so called punishment I am slightly cheered imagining how the idiots stealing on the Tube felt upon hearing the Dixit/Smith news.


    Read more: Pickpocket gang is jailed after stealing over 1,000 mobile phones on the Tube | Daily Mail Online
    Follow us: @MailOnline on Twitter | DailyMail on Facebook

    Imagine Margaret's chagrin when she realizes she could have told porkies about brokering ads in the blind network from the comfort of home.


    Margaret Johnson was sentenced to 30 months in the slammer after admitting to six thefts Friday in front of a court in Birmingham, the BBC reported.

    Serial pickpocket jailed after 153rd offense | New York Post

    Go ahead and use Ponzis to steal, it beats the hell out of riding the bus all day.


    Ducks.JPG


    1. Always store valuables in a front pocket or a secret pocket. Make sure it is not sticking out of your pocket(s) either. Keep nothing valuable in your back pocket, as this is a vulnerable place for pickpockets.

    2. Avoid walking through large crowds. Pickpockets can easily blend in and snatch wallets without anyone noticing.

    3. Touching or fiddling with the pocket where you carry your belongings tells the pickpocket where you carry your valuables. (Especially after you just read this sign)

    Beware of pickpocket.JPG

    4. Refrain from rummaging through your wallet or counting money in public.

    5. Never hand money to panhandlers, unless you have loose change in your pocket.

    6. Shorten the strap on any purse or bag you carry.

    Don't dangle the purse loose below your waist. The strap should be short enough that you can keep the purse and its openings under your elbow. A purse strap of metal chain is very secure, because it cannot be easily cut. Also, try to find a purse that has the zipper within your eyesight - not one that's behind you. Having a purse with a zipper in the back will make it easier for someone behind you to unzip your purse and make off with its contents.

    Carry your purse across your chest. If the strap is long enough, put it over your head so the strap runs diagonally across your chest, with the purse itself under your arm.
    Carry no valuable items in outer purse pockets. Use any exposed pockets for your Kleenex, your makeup, or your map. Store your wallet and phone in a place where they will be harder to reach.
    Close zippers and clasps on purses and backpacks.

    7. Pick up credit cards and other valuables as soon as the clerk returns them.

    8. Whenever you are going out to a public place, only take what you need

    9. Use a money belt or an inside coat pocket.

    10. Consider making a mugger's wallet if you know you will go somewhere dangerous. A mugger's wallet is not your real wallet - it is merely a false copy to trick the mugger into thinking that it is your real wallet

    11. Blend in.

    12. Leave nothing unattended. Do not hang a bag or purse over the back of a chair (such as in a restaurant or Internet cafe), and certainly do not leave it behind while you walk off. If you have to go somewhere (ex: bathroom), bring it with you no matter what, or risk it being stolen!

    13. Wear backpacks on your front if you must wear one in a crowd.

    Seriously don't do this.JPG

    * Yeah, way to blend in.

    How to Prevent Being Pickpocketed: 13 Steps (with Pictures)
    "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

  8. #16933
    Beacon is offline Antiauthoritarian skeptic
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    Re: Banners Broker HYIP ponzi scam

    Spergel's TENTH report isout 299 pages Happy Reading
    http://www.spergelcorporate.ca/wp-co...ay%2016-17.pdf

  9. #16934
    Beacon is offline Antiauthoritarian skeptic
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    Re: Banners Broker HYIP ponzi scam

    Order (i) approving the Eighth Report of the Receiver, dated
    December 9, 2016 (“
    Eighth Report
    ”), the Tenth Report of the Receiver dated May 9,
    2017 (“
    Tenth Report
    ”) and the Receiver’s conduct and activities as described in those
    reports; (ii) approving the Receiver’s conduct and activities from September 1, 2016 to
    May 9, 2017; (iii) approving the Receiver’s interim statement of receipts and
    disbursements, as at May 9, 2017; and (iv) approving the fees and disbursements of the
    Receiver and its counsel, was heard this day at the Court House at 330 University
    Avenue, Toronto, Ontario
    ALL approved see page 276-279

  10. #16935
    Beacon is offline Antiauthoritarian skeptic
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by Beacon View Post
    Spergel's TENTH report isout 299 pages Happy Reading
    http://www.spergelcorporate.ca/wp-co...ay%2016-17.pdf
    Note also they clocked up 5.5 million in costs but they have raised another 7 million putting them up 2 million net. And that does not include the 60 million or so in the bank.

  11. #16936
    Beacon is offline Antiauthoritarian skeptic
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    Re: Banners Broker HYIP ponzi scam

    http://www.spergelcorporate.ca/wp-co...ay%2016-17.pdf
    Quote Originally Posted by page22
    25.
    On April 27, 2017, Smith and Dixit pleaded guilty to operating a pyramid scheme
    under the Competition Act. The two principals have received conditional sentences
    whereby they will serve two years less a day in the community and will be required to
    pay a $50,000 fine within two years.

  12. #16937
    Beacon is offline Antiauthoritarian skeptic
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    Re: Banners Broker HYIP ponzi scam

    More from the report
    page 32
    70.
    On November 13, 2016, the Receiver attended meetings in London, England
    with the Joint Liquidators. The primary purpose of the meeting was to prepare for the
    court officers’ attendance in the Isle of Man Court for the November 14 motion to
    transition certain insolvency administration functions from the Isle of Man to Canada.
    However, the attendance in London was also used to obtain relevant evidence from
    Committee of Inspection Member Ian Driscoll (“
    Driscoll
    ”), a former Banners Broker
    reseller, and Lyndon Farrington (“
    Farrington
    ”), a former Banners Broker super affiliate.
    These meetings were productive with both Driscoll and Farrington turning over records
    to the Receiver and, as well, agreeing to provide affidavit evidence as may be
    requested. Their evidence is particularly relevant to the activities of the Banners Broker
    principals while they worked and travelled in Europe.
    81.
    The Receiver and Joint Liquidators have cooperated in transitioning insolvency
    administration matters from the Isle of Man to Canada in accordance with the terms of
    the Transition Order. To this end, upwards of 2,500 creditor proofs of claims have been
    turned over to the Receiver (“
    Creditor Claims
    ”). The Receiver is now reviewing the
    Creditor Claims and will provide its assessment and recommendations to the Court in
    the coming months.

  13. #16938
    Char's Avatar
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    Re: Banners Broker HYIP ponzi scam

    Wait. So Driscoll and Farrington, two scammers in their own right, are working "with" the receiver? Have they been punished at all?
    "the MLM emperor "has NO CLOTHES". Pointing out particular freckles on the emperor's hiney is not necessary. The man is stark naked, for crying out loud." - http://www.vandruff.com/mlm_FAQ.html

  14. #16939
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    Re: Banners Broker HYIP ponzi scam

    Quote Originally Posted by Char View Post
    Wait. So Driscoll and Farrington, two scammers in their own right, are working "with" the receiver? Have they been punished at all?
    Sounds like they are throwing their comrades under the bus to save their own butts!
    It seems like in this "industry" common sense is not all that common!

  15. #16940
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    Re: Banners Broker HYIP ponzi scam

    we knew driscoll scammer was doing that long ago acting like some innocent whistleblower.
    Haven't lost any money to online scams.......results are typical.

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