Thread: Banners Broker HYIP ponzi scam

There are always one or two but less and less all the time.
Its heartening to see that the numbers on this thread are continuing to grow while those on the 'pro-ponzi' sites are dwindling all the time.

Originally Posted by Hypanor

Still getting the occassional shill over on Whirlpool too - another one today, valiantly trying to defend the indefensible.

I presume it is Marshall Law you are referring to.

You may have noticed that he refers to a time period of '27 days or so' for a yellow panel to cap. You might like to ask him how he feels that these yellow panels used to take 15 days to cap and now they are close to double that.

I love it when a shill does our work for us...

Hi,
I'm new here, have no stake in this scheme, and had no prior interest/knowledge of HYIP schemes. I joined this forum because I found out that an acquaintance of mine had 'invested' in BB so I thought I'd look into it.

Consequently I read through this thread and most of the long thread on Talkgold and was struck by a side issue from the Talkgold thread that is causing me some concern. I'm posting it here rather than Talkgold as I feel this site is more secure as there's no possible conflicts of interest. I'm not saying anything bad about Talkgold - I just don't know.

My concern is about Talkgold user, Sascode3. He/she only posted on Talkgold between 28th and 30th May. He said he was doing due diligence on behalf of a group of potential investors. He had obviously already done his homework and was asking some pertinent questions about BB. Like here where he posted some early tweets from BB:

7th December 2010
"The Banners Broker Queue is at 6 Days to start Doubling! Where else can you double your money this quickly? A LOT of Members Doubled Today!"

22nd December 2010
"The time frame to double will always fluctuate, but currently we are at an amazing fast past with only 3 days to start doubling!"

8th january 2011
"We are at an AMAZING 2 days to start doubling!!!! This weekend only. Now is the time to buy Packages. Spread the word!"

22nd January 2011
"Welcome back the 2 DAY QUEUE! That's right, we are sitting at 2.5 days for you to start doubling your money. Buy a package now and get in!"

From the above tweets, does it seem like the company is advertising and getting revenue or just getting people to join the downline and then wait for someone else to join so they can double their money? I leave that for you to answer and all the forum readers to judge.

He was conversing through the painfully obvious shill, daveosm, because daveosm was in contact with Ian Driscoll, who I understand is the, Orwellian titled, "UK Leader" for BB.

Sascode3 kept asking for replies from the company, but daveosm, in his perma-role of mouthpiece to Driscoll/BB, kept wanting to arrange for them to meet up in person. Why would he want to do that? Anyway, eventually Sascode3 agreed to phone Driscoll but complained that Driscoll wouldn't answer him. Driscoll, now, of course, would be in possession of Sascode3's telephone number.

Sascode3's last post said he would let the thread readers or daveosm (it's not clear) know the outcome. Since then, nothing.

I know it's normal for forum members to come and go but this guy was obviously clued up, also very mature. He clearly wanted to get to the bottom of things and it looked like he may well do. He was very active in the short time he was there, and is unlikely just to drop his investigation suddenly as he was acting on behalf of others. So it doesn't really make sense to me that he would suddenly drop out of this discussion at the point where he, at last, got to speak to someone oficially representing BB. So why have we heard nothing more from him?

Of course, it could well be that he just moved his investigations elsewhere? Maybe he got through to Driscoll and was perfectly satisfied by his explanations - but then surely he would be even more likely to post if that were the case? Either way, satisfied or dissatisfied, from the way he conducted himself I'd expect him to report back as promised. He clearly wasn't some immature keyboard warrior or troll.

It just seems strange to me. Does anyone know more? It would make sense for Sascode3 to also follow this thread, so is he or any of the group that Sascode3 was representing here?

Sorry if this is total paranoia or a derail. Just nobody seems to have noticed this on Talkgold, so just thought I'd throw it out there.

Most telling comments for me from Marshall Law on the whirlpool thread were these

I'm not advertising the BB business in these campaigns, rather I'm directing traffic to my other websites which sell my services in an unrelated area.

I don't know which websites my banners are on, I just read the reports that show my Impressions and Click-through rates.

I suppose if I was really keen I could setup something in Google Analytics and watch to see from where my visitors were coming, but I'm not that keen.

So you are not interested in where the click throughs are coming from. Surely this is the one vital piece of information that was most important? I use google analytics and can confirm that I got no click throughs from Banners Broker Ads.

The lack of interest in the actual 'business' itself is extremely worrying. It is clear that the members and affiliates are only concerned about how much money they are making and not where it comes from.

So, I've been busy of late.
Not able to post as much!

Been trying to get £1k together to move to a new house deposit + first month's rent.
It's proving difficult! Anyone fancy loaning me some?

On the main point: Banners Broker is in its death throes - you can see this.
Maybe it was said prematurely back when the thread started, but it definitely is now.

Jason

Originally Posted by hendyphilhendy

Most telling comments for me from Marshall Law on the whirlpool thread.... So you are not interested in where the click throughs are coming from...

I know, I was almost in hysterics reading his descriptions of how its meant to work. Its like something off a Monty Python sketch!!

Someone has just forwarded me this very useful link to the FSA website

Ponzi and pyramid schemes

Obviously Banners Broker is not registered with them but they are more than happy to receive information that helps them identify scams. I am writing to them straight away. Some useful contact details at the bottom of the article.

I am noticing a trend on some of the forums for people to post a comment and then delete it pretty quickly. Obviously some people have commented on it but once deleted or edited the conversation gets lost. Particularly on TalkGold it looks like BillBendy aka Katy came in with a lot to say and then deleted their posts and got banned!

Are these people thinking after they have posted 'Oops, shouldn't have done that' or is it a case of them being warned or advised? Either way if you are not prepared to back it up then don't say it in the first place!

Quote:
Originally Posted by fourcloze1
As far as explanations on how they make money, why they are legit, why they are using Googles model of business and why they don't need new members money to continue, this information is being put together in a much better presentation and should be available sometime early next year.
Why does it take so long to put together what is surely a vital presentation that will protect the company?

In fact why does everything in Banners Broker seem to take so long to sort out!

Taken from my post on TalkGold. Apparently BB are putting together a presentation that will explain why it doesn't depend on new members. Funnily enough this will be in the new year!

Originally Posted by hendyphilhendy

Someone has just forwarded me this very useful link to the FSA website

Ponzi and pyramid schemes

Obviously Banners Broker is not registered with them but they are more than happy to receive information that helps them identify scams. I am writing to them straight away. Some useful contact details at the bottom of the article.

Hi

I did give the FSA a ring a while ago to see where they stood on this matter. They referred me to ActionFraud which is the police hotline for things like internet fraud. I spoke to AF and they confirmed that this sounded very much like a ponzi scheme.

So feel free to report BB to ActionFraud - the more information they can gather the better.

Originally Posted by AshKen1

Hi

I did give the FSA a ring a while ago to see where they stood on this matter. They referred me to ActionFraud which is the police hotline for things like internet fraud. I spoke to AF and they confirmed that this sounded very much like a ponzi scheme.

So feel free to report BB to ActionFraud - the more information they can gather the better.

Exactly the route I took.
FSA sent me straight to AF.
I would contact HMRC too, if I were you.

Originally Posted by hendyphilhendy

Taken from my post on TalkGold. Apparently BB are putting together a presentation that will explain why it doesn't depend on new members. Funnily enough this will be in the new year!

So over two years after the scam started they decided they should show you how it works. And it will take 2 months to put it together...

What an idiot.

Originally Posted by Al Scream

Hi,

Sascode3's last post said he would let the thread readers or daveosm (it's not clear) know the outcome. Since then, nothing.

.......

Of course, it could well be that he just moved his investigations elsewhere? Maybe he got through to Driscoll and was perfectly satisfied by his explanations - but then surely he would be even more likely to post if that were the case? Either way, satisfied or dissatisfied, from the way he conducted himself I'd expect him to report back as promised. He clearly wasn't some immature keyboard warrior or troll.

It just seems strange to me. Does anyone know more? It would make sense for Sascode3 to also follow this thread, so is he or any of the group that Sascode3 was representing here?

Sorry if this is total paranoia or a derail. Just nobody seems to have noticed this on Talkgold, so just thought I'd throw it out there.

Hi Al and welcome to the party.

I just wanted to acknowledge your post even though I know nothing about what happened to sascode3. We could speculate until the cows come home as to why this person disappeared from the forum, but I can understand why you are bothered about it.

Feel free to contribute what you can. This place is really nice, you can (pretty much) say what you like without the fear of someone confiscating accounts, blocking your input on the website etc.

:)

Looks like the payments that were already late and were meant to go out this weekend will now take another week. Suck it up drones and don't you dare start bitchin!

I've just found this on uk yahoo news:

UK stockbroker jailed for 13 years for "ponzi" fraud - Yahoo! News UK

Maybe now people will realise?

Originally Posted by AshKen1

Maybe now people will realise?

Nope. Just look at the general attitude; they don't have to pay taxes, they don't even try to look for the ads, they don't raise any concerns about unprofessionalism, they lie about payments, and lie about accounts.

They know they are doing wrong. They know they are robbing people. But scarily, they believe they are untouchable. A story like this does not even register.

Originally Posted by AshKen1

I've just found this on uk yahoo news:

UK stockbroker jailed for 13 years for "ponzi" fraud - Yahoo! News UK

Maybe now people will realise?

From the above story

"Among Levene's high-profile victims were the founders of Stagecoach, Sir Brian Souter and his sister Ann Gloag, British media has reported."

Just goes to show now matter how clever you think you are you can be fooled into joining a Ponzi scheme such as Banners Broker

Originally Posted by Joe_Shmoe

From the above story

"Among Levene's high-profile victims were the founders of Stagecoach, Sir Brian Souter and his sister Ann Gloag, British media has reported."

Just goes to show now matter how clever you think you are you can be fooled into joining a Ponzi scheme such as Banners Broker

That story has got some really good coverage. I have just seen the report on BBC News. PartickPretty reports it today with a link to a report from one of UK broadsheet newspapers, The Independent.

Link to Independent story from Patrick's blog

Originally Posted by noname999

Looks like the payments that were already late and were meant to go out this weekend will now take another week. Suck it up drones and don't you dare start bitchin!

Surprised they haven't found a way to blame the hurricane as a way to delay. It's been done before with absolutely no relevance to the scam.

The elusive Rajiv Dixit on the “Choice Network’s” promo 121 site.
Ian’s there too!

How coincidental is it he has the same name as the now deceased Indian social activist Rajiv Dixit

Originally Posted by otoad

The elusive Rajiv Dixit on the “Choice Network’s” promo 121 site.
Ian’s there too!

Ah yes, their forum site meant to be taking on Facebook - If facebook did annoying popups and links to porn sites.

It is one thing to be ambitious but to be trying to compete with Google AND Facebook, that is brave (laughable)

I gave up a long time ago trying to work out how SEO and Google works, but its pleasing to see that the thread on Whirlpool is ranked number two on Google if searching for just 'Banners Broker'. Hopefully between that site and this, it will warn slightly more sensible people to think twice before investing - Oops, I mean giving your money to your BB upline to spend.

I was going to mention Promo121 yesterday.
It must be a joke.

Originally Posted by AshKen1

Hi Al and welcome to the party.

I just wanted to acknowledge your post even though I know nothing about what happened to sascode3. We could speculate until the cows come home as to why this person disappeared from the forum, but I can understand why you are bothered about it.

Feel free to contribute what you can. This place is really nice, you can (pretty much) say what you like without the fear of someone confiscating accounts, blocking your input on the website etc.

:)

Thanks. You mean I can even use the " i " word here!