Thread: Direct Pay Profits - another John Chen Forex Trade scam

Direct Pay Profits

Claimer:

You can make $600 in one day by simply
referring 20 active members to Direct
Pay Profits!

That's $400 in recurring monthly
commissions plus a $200 performance
bonus for referring just 20 members.

If you haven't signed up for Direct
Pay Profits, do it now:

Domain info: Registrar: ENOM, INC.Whois Server: whois.enom.com
Referral URL: eNom - domain name, web site hosting, email, registration
Status: clientTransferProhibited

Expiration Date: 2012-02-13
Creation Date: 2011-02-13
Last Update Date: 2011-02-13

Unlike the ambiguous ownership of PayBox.me, Direct Pay Profits is owned and operated by internet marketers Derrick Van Dyke and Todd Gross. Both of whom have personal webpages and numerous social media accounts. While some portions of Direct Pay Profits website are not yet fully operational like the forum and training center, the frequently asked questions does provide more visibility into their plans than most programs. Also, according to the Direct Pay Profits website they plan to launch sooner rather than later and say they will finish the pre-launch phase by the weekend of March 11. As with any internet marketing program many people have drastically different and sometimes opposing experiences so please tell everyone what you think about Direct Pay Profits and if you leave some in depth information feel free to also post your referral link below in the comments section. As with any MLM or Affiliate program I suggest you do your own, more extensive research beyond the scope of this article before you give personal or bank information to them.

In my searches the name John Chen has come up. [QUOTEJohn Chen is ramping up for his second forex release entitled Trend Forex 2.0 that he claims will be the biggest launch in Forex History. But just who is John Chen? How can he claim this to be the biggest launch in Forex history? And just what is the Trend Forex 2.0 Trading system? We will discuss these issues in this Forex Trend 2.0 Review.

Who Is John Chen?

John Chen is a professional forex trader who has made a living trading in the forex markets for years now. It was up until about 2 years ago that he released his first trading course titled "the Profitable Trend Forex System". At the time, John Chen was relativley an unknown in the Forex Industry, but after the release of his first product, he catapulted up as one of the top experts in the market.

The Profitable Trend Forex System laid out forex trading in a way that experienced traders and new traders could both understand. It showed how to clearly identify trends. It gave clear and concise entry and exit points, money management rules, and when not to make trades. The averages of his system were in the 70-75% win ratio and the winning trades were on average of two times larger than the losing trades. This trading material plus the on-going customer service and his one-on-one mentoring via email made this product the number one trend trading course in the industry.

][/QUOTE]

Assest investing

Looks like another one has been added to the other thousands.

Sorry, if this makes little sense - other person is house is demanding my attention.

Another tie in with this - just came across someone advertising Smart Cash System. In searching for this, it seems to be another part of Lawn Chair Millionaire. Here is the Who is info:

lawnchairmillionaire.com is



Registrar: ENOM, INC. Status: clientTransferProhibited

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[Querying whois.verisign-grs.com]
[whois.verisign-grs.com]Whois Server Version 2.0Domain names in the .com and .net domains can now be registered
with many different competing registrars. Go to InterNIC | The Internet's Network Information Center
for detailed information. Domain Name: LAWNCHAIRMILLIONAIRE.COM
Registrar: ENOM, INC.
Whois Server: whois.enom.com
Referral URL: eNom - domain name, web site hosting, email, registration
Name Server: NS10.DNSMADEEASY.COM
Name Server: NS11.DNSMADEEASY.COM
Name Server: NS12.DNSMADEEASY.COM
Name Server: NS13.DNSMADEEASY.COM
Name Server: NS14.DNSMADEEASY.COM
Name Server: NS15.DNSMADEEASY.COM
Status: clientTransferProhibited
Updated Date: 12-jul-2010
Creation Date: 11-aug-2005
Expiration Date: 11-aug-2011NOTICE: The expiration date displayed in this record is the date the
registrar's sponsorship of the domain name registration in the registry is
currently set to expire. This date does not necessarily reflect the expiration
date of the domain name registrant's agreement with the sponsoring
registrar. Users may consult the sponsoring registrar's Whois database to
view the registrar's reported date of expiration for this registration.

Again Enom, Inc. shows up. It is a website reseller.

This is interesting also:
smartcashsystem.com

Further digging goes back to the guys from Toronto:

Registrant:
Tom Wilson
24 Mabelle Avenue
Apt 3007
Toronto, Ontario M9A 4X8
Canada
Registered through: GoDaddy.com, Inc. (Domain Names, Web Hosting and SSL Certificates - Go Daddy)
Domain Name: TWOGUYSFROMTORONTO.COM
Created on: 17-Aug-06
Expires on: 17-Aug-11
Last Updated on: 18-Aug-08

Administrative Contact:
Wilson, Tom @phrozenmedia.com
24 Mabelle Avenue
Apt 3007
Toronto, Ontario M9A 4X8
Canada
6472333333
Technical Contact:
Wilson, Tom @phrozenmedia.com
24 Mabelle Avenue
Apt 3007
Toronto, Ontario M9A 4X8
Canada
6472333333
Domain servers in listed order:
NS517.HOSTGATOR.COM
NS518.HOSTGATOR.COM


Check it out here: twoguysfromtoronto.com

I feel sure this is just another scam but have to do more research. Do any of you know anything about Smart Cash System or the Direct Pay Profits??

Thanks

These two statements say it all about DPP"

DirectPayProfits pays you $20 just about every month for every single member you refer for as long as they remain a member. If you refer 25 individuals, you may get $500 each and every month for life!

PLUS, you get an automatic $100 overall performance bonus for every ten active members you refer! By way of example, in the event you refer just 10 active members per month for the following six months, you will make $4,700!

ANYTHING that is purporting to pay based on recruiting rather than product sales is a pyramid...!

As far as LCM:

Lawn Chair Millionaire
Is it a Lawn Chair Millionaire Scam?



Lawn Chair Millionaire is a new program that makes some outstanding income claims. The website says you can make $2,750 per week and they'll also show you how to turn $300 into $3,000 all in your spare time. There's also an on going money counter showing you how much money you can make. So what's this business really about?

The Lawn Chair Millionaire system is an elaborate program in which customers buy in and then receive money from new members that they bring into the system. The money counter that you see on the side is what you earn buy signing up.

However, that money is allocated over a 3 month period in which you're required to spend more money on compulsory products, like a Lawn Chair Millionaire debit card. There's also a monthly costs of $29.99 to stay in the program and remember if you want to cash out you need the company debit card which costs an extra $39.99.

Now the monthly fee is for access to the 'Vault" which is supposed to contain additionally money making opportunities for you to join. The problem is that they neglect to tell you that each opportunity in the vault costs more money to join, and some are really risky programs like Forex trading.

The poor quality of their products is really no surprise, as it's clear they only include them as a legal precaution. By law the difference between an illegal pyramid scheme and an MLM company is the presence of a product. Therefore, Lawn Chair Millionaire can't run a recruitment site without giving at least something in return.

The bottom line is that success in this program is solely predicated upon recruitment of new members. If you do the math on the costs and payouts of LCM you'll quickly see that if you approach it from a passive perspective the best you can do is break even. The incentives and profit opportunities are reserved for members who recruit heavily.

Now tell me, which part of this website front page would inspire ANYONE to send money away to a bunch of strangers:

http://directpayprofits.com/trial.php



If "if it looks too good to be true, it probably is" applies, then what does it mean when it doesn't look like anything ??

UPDATE:



at least new victims will be limited to losing $1.00

oh, AND their credit card, Paypal, bank account and/or email details, of course.

Stay FAR, FAR away from this one.

No need to say much more about DirectPayProfits, is there, really ??