Seems iMarketslive is down the drain and not paying commissions any more, the company website has been down the last day several times.
International Markets Live (iMarketsLive), is founded in 2013 by President and CEO Christopher (Chris) Terry and based out of New York in the USA. iMarketsLive offers an educational trading platform (Forex) that provides an opportunity to enter into the trading industry and build a referral network.
According to the company 50,000+ distributors are in the company. According to insiders, Chris Terry runs the office out of hotel room.
Customer service phone number on bank statements goes to a record company in New York. Commissions haven’t been paid for the past two weeks on all parts of the compensation plan except Direct Commissions
The field is being told that customer service is
Tag Archive for Scam
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Banners Broker CEO Chris Smith And Rajiv Dixit Arrested In Canada
by Ted Nuyten • • 0 Comments
The Mass Marketing Section of the Toronto Police Service Financial Crimes Unit is a member of the Toronto Strategic Partnership against Cross-Border Fraud.
The partnership represents a combined enforcement strategy, specializing in the investigation of mass marketing fraud in, or originating from within the province of, Ontario with cross-border implications.
In January 2013, the Financial Crimes Unit started an investigation into an alleged pyramid scheme.
The Toronto Police Service was assisted by investigators from the RCMP, Competition Bureau of Canada, Ministry of Government and Consumer Services, Ministry of Finance, U.S. Federal Trade Commission, FINTRAC, and the Canada Revenue Agency.
It is alleged that:
– Between October 2010 and March 2013, a pyramid scheme known as “Banners Broker” was operated out of a Church Street address in Toronto
– The scheme offered participants the opportunity to double
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Vemma Customer Victims – Where Are They?
by Ted Nuyten • • 0 Comments
According to the Federal Trade Commission (FTC) in the USA:
“Defendants (Vemma) are running a global pyramid scheme that has likely victimized hundreds of thousands or millions of consumers”.
We at Business for Home are pretty familar with Vemma since year 2006. We have searched intensive for “hundrerd thousands of Vemma Consumer Victims” however can NOT find them at all.
Not under our 4 -5 million annual visitors, not under our 45,000 Facebook Business page fans….
Massive customer complaints about the products? Sure there would be some, however “Victimized hundreds of thousands or millions of customers?”
That is a FTC statement which that agency can NOT prove, and is mispresenting the case “Pur Sang”.
What we have noticed are many satisfied customers who are running low on the product and are looking for a way
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Zeek Rewards Scam Pays Out Yet Another $89 Million
by Tina Williams • • 0 Comments
The receiver for defunct ZeekRewards.com said Thursday he has made a third distribution to victims of the Ponzi scheme, this time for $89.2 million.
Kenneth Bell said 112,734 checks were mailed July 31. The distribution raises to $246.05 million the amount that Bell has released from the ZeekRewards estate since September.
Bell said he was not able to distribute an additional $46.24 million because about 35,400 potential recipients still have not completed their eligibility requirements, such as electronically signing the legal release and certification required by court orders.
Bell said most victims who are qualified for reimbursement would get a check.
Bell raised his projection of what the average recipient should get from 60 percent reimbursement to approaching 70 percent. The next distribution, if possible, is set for Oct. 31.
In August 2012, the U.S. Securities and Exchange Commission
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The Freedom Fighters Network Closed Down
by Ted Nuyten • • 0 Comments
From a beach in Bali, Angela Moore and Jordan Schultz, founders of The Freedom Fighter Network, told the world about their revolutionary system that was “guaranteed” to make you money.
The opportunity was launced in July 2014, Their Freedom Fighters Facebook group had 11,000+ members and an estimated 25,000+ marketers invested in the system.
Schultz and Moore closed down their operations in an unexpected move, leaving numerous affiliates in the dust. The reason seems to be a possible bankruptcy, so the owners decided not to pay out affiliates anymore, take the money and “jump ship”.
According to their website:
“The Freedom Fighters Network is a product that has all the marketing system with all of the pieces (capture page, sales page, one time offers and followup) already put together for you including a traffic source. The marketing system funnels people thru and converts them to sales for you.
In addition to the marketing system and traffic provided for you there will also be training on how to find your own traffic sources”.
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Dutch Justice Closes Down Pyramid Game PlanB4You
by Ted Nuyten • • 0 Comments
Justitie legt voor miljoenen beslag op rekeningen PlanB4you uit Den Bosch om piramidespel
DEN BOSCH – Justitie heeft beslag gelegd op de bankrekeningen van PlanB4you en van de directeur. Dat bedrijf, dat voor kort een kantoor in Den Bosch had, zou zich voor 2,5 miljoen euro schuldig hebben gemaakt aan oplichting en witwassen.
De FIOD, de opsporingsdienst van de Belastingdienst, doet strafrechtelijk onderzoek naar het bedrijf. Het vermoeden bestaat dat PlanB4you zich schuldig maakt aan een piramidespel, dat ook wel ponzifraude heet. Hierbij betaalt het bedrijf deelnemers met de belegging van de inleg van nieuwe klanten. De oprichter eigent zich dan meestal een bijzonder hoog rendement toe.
‘Makkelijk geld verdienen’
Via YouTube en bijeenkomsten probeert PlanB4you nieuwe klanten te strikken. Het bedrijf houdt ze daarbij voor dat ze makkelijk geld kunnen verdienen door dagelijks tien keer op advertenties te klikken. Daarnaast zouden potentiële klanten makkelijk geld kunnen verdienen door anderen over te halen deel te nemen aan het project.
“Deze deelnemers komen dan als het ware onder de aanbrenger te hangen wat weer extra inkomen oplevert voor de aanbrenger. Naast het klikken op de banners heeft PlanB4you ook nog een webshop waar goederen tegen ‘hoge’ kortingen kunnen worden aangeschaft”, aldus justitie.
Invallen in Nederland en andere
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TelexFree Receiver Stephen Darr Speaks Out
by Ted Nuyten • • 0 Comments
In 35 years of handling bankruptcy cases, Stephen Darr has seen plenty of ugly. He has doled out funds to creditors of an asbestos company and a machine gun maker and to victims of several Ponzi schemes.
But nothing comes close to the scale of the TelexFree Inc. bankruptcy. Never in history has a trustee been responsible for divvying up the assets of a company that prosecutors say defrauded 2.1 million people, from Boston to Uganda.
Darr, an accountant by trade and senior managing director at Mesirow Financial Consulting in Boston, is the court-appointed trustee charged with paying out claims to victims who believe they are owed more than $1 billion in the case. TelexFree was purportedly a long-distance phone company, but in reality generated most of its money by luring a stream of small investors from 2012 until it was shut down earlier this year, according to prosecutors.
Many Brazilian immigrants risked — and lost — large portions of their savings, in hopes of reaping the generous returns that were promised.
“I feel very sympathetic toward these people,’’ Darr said. “They lost a lot of money. They deserve to get it back, and it’s my job to get it back to them as
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Zeek Rewards CEO Pleads Not Guilty To Scam
by Tina Williams • • 0 Comments
A North Carolina man accused of being the mastermind of an $850 million Ponzi scheme pleaded not guilty Thursday to multiple federal charges of fraud and conspiracy.
Paul Burks, the founder and CEO of the ZeekRewards penny auction site, was arraigned before U.S. Magistrate Judge David Cayer at the federal courthouse in Charlotte. In late October, a grand jury indicted Burks on charges of wire, mail and tax fraud, and conspiracy.
Burks said nothing during his brief appearance in court. His plea was entered by his attorney, Noell Tin. If convicted on all of the charges he faces, Burks, 67, faced 65 years in prison and a $1 million fine. At the conclusion of the hearing, Judge Cayer released Burks on $25,000 bond. No trial date has yet been set. Burks company and its Zeekler.com auction site was shut down by the U.S. Securities and Exchange Commission in August 2012, after the agency concluded it had sold $850 million in unregistered securities.
Prosecutors say Burkes and his conspirators ripped off as many as 1 million investors with promises of big returns and what ultimately turned out to be bogus investments. Burks, who had been accused of pocketing as much as $10 million in investors’ money, agreed to
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90,000 Checks On The Way To Defrauded Zeek Rewards Investors
by Tina Williams • • 0 Comments
The receiver for ZeekRewards.com said last week that more than 90,000 checks are in the mail as part of his first distribution of refunds from the defunct Lexington Internet company.
Kenneth Bell said the value of the 90,297 checks is a combined $134.3 million. However, a combined $23 million was withheld for tax purpose.
Bell stated in August that the payout for most recipients is 40 percent of what they were owed “using the rising-tide method of calculation already approved by the federal court.” A rising-tide distribution is used by courts as a method to pay recovered assets to defrauded investors. The method serves to distribute money in a way that leaves as many investors as possible with the same percentage recovery of their total investment.
Each person receiving a check is owed at least $100.
In August 2012, the U.S. Securities and Exchange Commission accused Rex Venture Group LLC, Zeekler, ZeekRewards.comand Paul Burks, their principal owner, of raising $850 million through unregistered securities. The companies were shut down and their assets frozen.
The companies raised the money from at least 2.2 million customers, including more than 230,000 in the United States and 47,000 in North Carolina.
U.S. District Court Judge Graham Mullen approved in July the distribution request of Sept.
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Lyoness Responds To Ponzi Allegations In Australia
by Ted Nuyten • • 0 Comments
Lyoness Australia has issued the next statement:
“Lyoness rejects allegations raised by the ACCC, and will vigorously defend the proceedings commenced by the Commission on 28 August.
Lyoness is a shopping community, customer loyalty program and network marketing business.
Benefits are exclusively generated by shopping activities within the Lyoness community. Members receive benefits when they shop, whether they introduce other members or not. Lyoness members may introduce members and receive benefits when the new member shops in the Lyoness community, but no benefits come from the introduction alone.
Lyoness has been active for 10 years and in none of the 46 markets in which it is active has Lyoness been found guilty of or convicted for operating a pyramid scheme.
Over four million members take advantage of the Lyoness benefits at over 40,000 loyalty merchants around the world. In Australia, there are now 780 Lyoness loyalty merchants, including many small and medium sized enterprises.
Lyoness is committed to full compliance with the law and to dealing honestly with Australian consumers.
Daily business is not affected. This court action has no effect on Lyoness members, loyalty merchants or staff, and Lyoness may be contacted by them in the usual way.
Since the proceedings are before the court, Lyoness