But that is exactly what has been pointed out to you earlier. For there to be a chance of making money, that is, for there to be a reward/risk ratio, someone has to lose money. That is fine if it all goes on within a closed group of people who know exactly what the risks are, but the problem is that there are people involved who believe they are partipating in legitimate investment or other kind of programms. They do not realise that any money paid will come from new members, and when they dry up, so will the money. Neither do they realise there is a risk of the "honest admin du jour" running off with the money.
Real legitimate investments are sold as such, and their risks are made clear to investors and, maybe, are a gamble. HYIPs are NOT legitimate investment programs, nor are they an "honest gamble" as the dice are loaded before the game begins. So there are losers who are also genuine victims caught up in the story - which is why they are illegal and totally immoral.
No it doesn't. People 'try' it because scammers like you try and convince them it's OK to lose money to scammers. You just need people to do it so you can get your money back. The best risk/reward with your scam is don't risk any money and one will be rewarded with keeping more of their own. GUARANTEED! JustBeenPillaging can not guarantee anything. I can with my method.
If anyone puts their money into any HYIP and somehow, do not think that its possible that they may never see that money again, they are just plain stupid.
The same applies to any form of investment or gambling. I don't even think there is a 100% guarantee that you will get your money back if you loaned it to a friend. I don't think people are that stupid.
What an incredibly myopic view of the situation.Originally Posted by JBP Killer
Have a look at the front page of JustBeenPaid.
See the words "guaranteed" and "indefinitely sustainable"
Have you seen the JustBeenPaid "million dollar guarantee" video: http://www.youtube.com/watch?feature=player_detailpage&v=Lj-rf8YjlaM
YOU may be smart enough or experienced enough to recognize HYIP ponzis, but there are hundreds of thousands of people who DO believe they're legit.
All the excuses and all the "woulda, shoulda, coulda" explanations from pimps and ponzi players can not disguise the intent of those who stand to make money.
Otherwise, every HYIP would have a simple message on its' website saying "this is a HYIP ponzi game. You play at your own risk"
Not, "indefinitely sustainable" and "guaranteed"
The only thing necessary for the triumph of evil is for good men to do nothing
you guys might want to take a look at the Justbeenpaid membership agreement which everyone must agree to before being allowed to join.
Here is an excerpt.
DISCLAIMER: The provision of information by JustBeenPaid! and its related pages constitutes the dissemination of information in accordance with the right to free speech. Nothing on these pages is to be interpreted as legal, accounting, tax, currency, banking, or investment advice. Anyone seeking such advice should consult properly qualified and accredited professionals. All readers of these pages are emphatically advised to obey all laws to the letter. ANY SUGGESTIONS FOR PARTICIPATION IN THE VARIOUS ACTIVITIES FEATURED HERE ARE VOID WHERE PROHIBITED BY LOCAL LAWS. Participants in any activity related to JustBeenPaid!, participate at their own risk. Participants agree to hold the JustBeenPaid! owners, managers, and operators harmless in respect of any losses incurred as a result of participation in any activity related to JustBeenPaid!
You can find the rest of the material on their website.
You've got a bit of a problem using the "small print" argument. It won't hold up in court. Exclusion clauses like this are not valid when the business owners and those who represent it (members recruiting other members) are promising "2% Daily guaranteed" and "indefinitely sustainable" to members and future members. Ask Andy Bowdoin of AdSurfDaily who is now waiting for his criminal trial after offering "Rebates Are Guaranteed" to all and sundry and then tried to argue "small print" in Federal Court. LOL
By the way you cannot compare legal investing, or gambling with HYIPs. In the first two the risks are not hidden from the investors and players, in the case of HYIPs the sales pitch itself is a lie.
Why does he have to ask CRAP to a guy who is going to jail??? The question is: were there people complaining to the SEC, FTC, BBB, and your ass too, before he was investigated by the SS?? Do you know exactly how all this came together to prosecute that guy?? or are you just talking off your ass as usual??? where are your sources (please don't give me a link to PatrickP blog). So tell me Patrick, was it that someone tipped off the SS that Bowdoin was mentioning the prez name to promote his programme?? Inquiry minds need to know.
MMB
MMB, straight as an arrow.....
Do you know where you are connecting from??? This site can help you: http://en.utrace.de/
Geez, you really ARE new to all this, aren't you ??Originally Posted by MoneyLosingBrain
Why on earth would the Secret Service need a tipoff when Bowdoin and his cronies plastered the story all over the internet, complete with pictures ??
What, do you think that HYIP ponzis exist in some sort of parallel universe undetectable by law enforcement ??
I'm beginning to think this isn't all an act and you really ARE as stupid as you appear.
The only thing necessary for the triumph of evil is for good men to do nothing
I take it that you weren't aware that the Federal Trade Commission regularly gets reports on email spam across the country, MMB, and compiles reports to other agencies about it?
The various incarnations of Ad Surf Daily, Ad Cash Generator, et al generated quite a bit of advertising. And you ought to know by now that the kind of marketeers who gravitate to HYIPs also gravitate to black hat methods of promoting them. Ergo, spam happened, and spam that includes the name of the currently seated ruler of the country is likely to be forwarded for examination to the compartment responsible for his safety and reputation to make sure that it is not a threat. Put two and two together, and please don't get "five divided by (sex times typewriter)" as the answer to a simple math problem.
Last edited by Soapboxmom; 03-17-2012 at 08:53 PM. Reason: Off topic remarks removed. Those will need to be kept in the rant forum.
MMB, straight as an arrow.....
Do you know where you are connecting from??? This site can help you: http://en.utrace.de/
I would guess that they lost money after the government shut him down, as one of the defining and invariable characteristics of a Ponzi scheme is that they pay, and pay well, for the majority of their existence. It's not lack of payment that makes them scams, but the methods by which the money comes in and the use of advertising claims which are dishonest.
What a warped, strange fellow you are.Originally Posted by Brainless
Did anyone lose money to Bernie Madoffs' scheme before he confessed he was running a ponzi scam and was convicted.
Is this some new type of HYIP ponzi pimp strategy ???
http://www.justice.gov/usao/dc/programs/vw/adsurfdailyfaq.html
ANSWERS TO FREQUENTLY ASKED QUESTIONS ABOUT AD SURF DAILY, AD CASH GENERATOR, LA FUENTE DINERO, AND GOLDEN PANDA.
Why did the government get involved in Ad Surf Daily, Golden Panda, Ad CashGenerator, and La Fuente Dinero?
In summer 2008, the United States Secret Service learned about Ad Surf Daily and related entities that were using the internet to operate fraudulent “Ponzi” or “pyramid” schemes. Such fraud schemes induce persons to contribute money by promising very high rates of return on the investment. The scams may initially meet their promises by paying earlier contributors with money received from those who contribute later. Because no legitimate business is being conducted to generate the returns promised, however, the schemes must eventually collapse, leaving the participants with little or no return.
Why is the U.S. Secret Service involved?
The United States Secret Service is a federal law enforcement agency. In addition to protecting the President and other officials, its agents investigate counterfeiting, various kinds of fraud, and other crimes involving money and currency. Ad Surf Daily first came to the attention of Secret Service agents working on a special task force in Florida, where much of the Ad Surf Daily and related schemes were based.
Subsequent court documents showed the task force consisted of members from the Secret Service, I.R.S. and Department of Justice.
BUT, forget about that, MoneyMakingBrain knows better.
The only thing necessary for the triumph of evil is for good men to do nothing
It's not quite the same enchilada though.
You alway make these comparisons to Madoff, so I am going to tell you what the difference is.
If you gave money to Bernie, most likely that you were thinking that it was going to be invested 'legitimately' and you probably felt so blessed, lucky and special because you knew the *******, and he made you feel sooo special, and blah blah blah, you'd never have suspected in your life (maybe you would) that you were putting your money in a Ponzi scheme.
With Fred, if you at least don't suspect that it is, then you are an idiot and deserve to lose everything if he gets his Ponzi shut down.
That's the difference in my humble opinion.
MMB
MMB, straight as an arrow.....
Do you know where you are connecting from??? This site can help you: http://en.utrace.de/
At last, we get down to the nitty gritty of why the Brain is here.Originally Posted by MoneyMakingBrain
Superiority complex, anybody ???
The only thing necessary for the triumph of evil is for good men to do nothing
I wonder what happened to all that: "Fred is a millionaire, why would he need to scam" and "my investigations show" and "you have no right" yada, yada, yada MonkeyBrain stuff ???
Now we're down to "if you at least don't suspect that it is, then you are an idiot and deserve to lose everything if he gets his Ponzi shut down"
Keep posting, child, keep posting.
The only thing necessary for the triumph of evil is for good men to do nothing
This is truly a momentous day in the life of Just Been Paid.
Even the forum troll is now admitting Just Been Paid is a ponzi.
I guess my long held belief that the old "give 'em enough rope and they eventually ALWAYS hang 'emselves" strategy really does work.
The only thing necessary for the triumph of evil is for good men to do nothing
Hmm, the whole arguement behind his rants that I am now everybody on this forum and at scam was because he was here to defend Fred Mann from our claiming his program was a Ponzi. Now he admits it is a Ponzi. So he lied about why he posted, and he has lied about all the claims he has made against me, and everyone else here that he has "PROOF" that all our IP's are the same. And he is still trying make that claim in his own thread. What an idiot.
Nice of him to admit he is a liar, a troll, and full of himself. Wonder how soon he will take down his silly blog and apologize?
EagleOne
Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com
Inform yourself young man. It's all carefully documented and available on the internet for anyone who will take 5 minutes to look. Start with the Government's own web site and go through the hundreds of pages of court documents and exhibits. You are obviously very uninformed about this case which is being followed by anyone with any brains in the HYIP world as it is setting precedents on how the US Government is dealing with ponzi schemes. If you had done your due diligence before shooting your mouth off, you would know that noone lost money because the Secret Service raided AdSurfDaily. The contrary occurred. They did so in time and were able to recover a large amount of money, illegally gained by Bowdoin, and were able to redistribute it to the victims. Had they NOT intervened, ASD would have gone belly up (or had a restart. lol) within a couple of months, as it's liabilities would have exceeded its assets many times over, as always happens with ponzis like ASD, JustBeenPaid, etc etc etc.
For all your comments about people being stupid if they "believe" what the owners and promoters of programs like this are saying - that is the point. They are making fraudulent statements to the members and the public and selling them a dud - which is illegal, and why they are frequently prosecuted when they start flying above the radar.
Contrary to your apparent opinion, people do not have to be so street wise and recognise a fraud when they see one. They are entitled to a reasonable extent to rely of the declarations made by owners of businesses and it is the owners and promoters who have to make sure that THEY are telling the truth.
Any further off topic posts while be similarly dealt withOriginally Posted by MoneyMakingBrain
Please remain in your own rubber roo......thread
Last edited by littleroundman; 03-18-2012 at 09:44 AM.
MMB, straight as an arrow.....
Do you know where you are connecting from??? This site can help you: http://en.utrace.de/
Most of us who see this as a fraud, [no product] want everyone to make money. We wish you well. Where is the money going to come from to pay off everyone without a product?
That's the whole point, isn't it ???
If everyone who plays HYIP ponzi games knows exactly what they're doing, it's their money, their choice and their decision.
BUT
if, for whatever reason, people DON'T know they're playing, then we have a problem.
There's absolutely no point saying they SHOULD know, the point is many victims simply DON'T know.
The only thing necessary for the triumph of evil is for good men to do nothing
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