They use your money to pay off existing investors and you scam people who join after you.
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It only foreshadows likely future problems and frustrations. Maybe paying a higher fee is worth it if you can deal with competient representatives and have confidence that your funds are protected and always available. While I have a Vanguard account myself personally I cannot confirm or deny claims made by other commentators. I said goodbye to Vanguard today after 10 years!
The customer service front line has deteriorated over the years to 20 something, ill trained wanna be investment kids.
The website IT staff—thank you very much—felt the need to change the website which used to be a breeze to use to a more clogged and complicated site where you need to dig down to find anything.
Multiple attempts failed to find a supervisor and hold times were so hideous I hung up three times. It was not worth the frustration attempts to find someone to help when the gatekeepers who man the phone lines know nothing.
I had plans to transfer an employee IRA in about two years to Vanguard—no more. Filed today to get out and move 10 years of loyalty somewhere else. There is not even any corporate office to explain why I left or complain.
Corporate hides behind the idiot front line youngsters. My question is whether any of you are experiencing the same thing in your accounts?
Anyone else experiencing the same thing? This seems to be standard Vanguard procedure……but not at Fidelity or Computershare….. By the way, it took Vanguard over three weeks to respond to my questions about this illegal practice.
Did your issue get resolved? I am thinking of investing with them and it scarce me to hear these things because unlike you I would be getting scam not knowing it. My employer will start a relationship with Vanguard January for our retirement accounts. I am now with Lincoln and am wondering if it is a better idea I end my relationship with Lincoln and start my retirement account with Vanguard? Also, is there any way I can rollover my current money with Lincoln to Vanguard though I am still with the same employer?
Your advice would be helpful because this can be very confusing for a professional with no investment experience. Worst customer service ever.
They are thieves in my personal opinion. I am now issuing a fraud suit against them. Just try to get Vanguard to give you your money back… Good luck!
This has been going on for over a month now. You are better off simply retaining an attorney and allowing them to do all the work so they can start the timeline on the litigation or settlement. Do not use Vanguard! They may be cheap, but they hold your money hostage. When you look at their site and want to invest, see if you can find a link for taking your money out. If you do happen to find it, try to use it. The link does not take you to distribution form. However, I got my money out of Fidelity in a few minutes with a simple phone call.
I am still waiting to hear rom Vanguard. VG seems to be the opposite…. My husband and I are in our early 30s, and trying to figure out the best option for a retirement account. My husband is a teacher, and unfortunately, the companies offered to manage his B through his school district are all poor options I associate with high hidden fees and poor returns.
Vanguard is not offered. A friend of ours who works in finance suggested we open an account with Ameritrade and invest in low cost index funds.
I feel very naive about what the right path is to take in terms of investments, and just want a safe, non-risky option. Under SEC law, since we are not registered advisers, cannot give you specific investment advice.
What I will say is there are differences between the two. Even with high fees you come out ahead. Also depending upon your tax bracket can reduce your AGI decreasing the taxes you pay now. If the b does offer high annual maintenance fees, and high annual expenses funds with no matching it might not be as good an offer.
My wife and I are looking to roll over moneys into Vanguard — but my wife read discouraging reviews by investors who complained it was hard to get their money out of vanguard in a timely matter. Wondering if anyone can offer insights into this aspect.
We are in it for the long haul — but there will come a time when we will need to remove money from vanguard. I have accounts at both Vanguard and Fidelity. I have a significantly larger account at Vanguard, yet the level of competence is much lower at Vanguard.
There inherited asset transfer process is a time consuming waste. For 3 months I worked on have assets transferred to Vanguard.
Always someone new, always different info. Finally I picked up the phone to fidelity, and had instant great knowledgeable customer service, with the individual offering to be my point of contact. Vanguard is not worth the trouble! The employees seem complacent, and seem to lack the drive and initiative to get something done!
The Annuity department in particular, needs to get a little staff change. Hope I save some one the trouble. This is even bad when spread is large! No choice for trailing stops etc, so you have to monitor prices and due to delay in execution in falling market you tend loose capital. Vanguard generally gets high marks as a fiduciary because it is a not-for-profit company. How does that work exactly, that Vanguard brokerage managers have to answer to their customer-owners?
The truth seems to be that the inmates managers are in charge of the asylum, and while the funds seem to work very well, the brokerage is a disaster, which is why so many people are complaining about errors, huge delays getting things done or fixed, and egregiously bad customer service.
As someone else said here, corporate managers seem to hide behind first-level account reps. Thanks for your comment. We do keep these reviews updated and will be updating it in the near future to reflect updates to their service.
Agreed that if you intend trading in and out of your positions often then a Vanguard brokerage account may not be the cheapest. For investors who look to buy low-cost index funds or other investments for the longer term, perhaps rebalancing once or twice a year, its a great option to consider. I evaluate my asset allocation levels once per month with Vanguard , but typically only end up actually rebalancing maybe twice per year. But I love my experience with my Roth IRA with them so far and intend to hopefully stay with them for a very long time.
This can lead to higher fees. As I did not have any investment experience, I decided to go with all in one balanced funds, Target Retirement and Star. I did not wanted to invest all and hold some contribution just as cash account, but was told by costumer service, that in order to do so, I have to open money market account with them.
Reading some of the discouraging reviews posted below in regards to problems of getting your money back from Vanguard, I am horrified. Hope I did not make a mistake choosing Vanguard.
I have both fidelity and vanguard. The Vanguard funds are more transparent, e. Thanks for reading our review Mike! I have experienced the same thing. Vanguard seems to make it easier to find what you are looking for. Vanguard is a great company; my work used to invest our k s through them and the fees were pretty low. Great to hear LifeAndMyFinances! While I do personally prefer Vanguard slightly over Fidelity, I always tell people that if you are investing with either company, you are on the right track!
I agree with Darwin that Vanguard have an excellent program for college accounts, also known as the Vanguard Nevada Plan as its sponsored by Nevada — well worth checking out. I have been a Vanguard customer since the eighties! I am a big fan, however there are instances I wish they had a little more variety. I wish some of my prior employers used Vanguard as well.
It would have been a little easier when I left. Krantcents — I have wished the same thing as well about my previous employers using Vanguard. Every past employer of mine has used Fidelity for their k plans, though. I think they must do a lot more in marketing their product to companies than Vanguard maybe this is why they have slightly higher fees????
I am curious — as far as more variety goes — what types of products do you wish they had? When I compare Vanguard to Fidelity, there are more funds in many more sectors. Do you need all these choices? Do you need to take sectors and slice them still thinner? He is probably right! By simply investing in the total market or in large and small cap value funds, you capture that while maintaining diversification.
I like their fee structure. With regards to Vanguard and stock trading, I would say that they are really best suited to only own their funds and ETFs. That said, if you are going to be buying and selling frequently, or doing complex trades such as options or shorts, then yes, Scottrade, Tradeking, or other would probably be better.
Hmm, so now a follow up question. While capital gains taxes may be higher in the future, I could lose by not have as much to invest now.. I guess it depends on how the market performs in the future.. Hmm sounds like a lot of variables involved with this one. The primary question is how long do you plan on keeping it? The tax rates, while more than likely will be higher than current, is an unknown.
Have you looked at it? Mar 29th, at 3: I am just new to your site. Mar 29th, at 8: Apr 11th, at 9: Neither are MLM companies or trying to pass themselves off as one. Both are just straight up Ponzi schemes and are marketed as such. Apr 27th, at May 4th, at 3: May 4th, at 5: I checked them when they first were introduced in the Scandinavian market in Spring , presented in a typical pyramid forum in Norway.
This happened when they were in a recruitment stage, long before they had drowned the internet with marketing. The Goldmine they claimed to have was obviously non-existing, when I checked with Google Earth and lots of other sources.
But they were able to produce lots of photos from goldmines when I pointed this out. German reporters tried to check their office in Turkey around the same time, and the office was non-existent. They had lots of signs of being a scam, but what kind of scam was hard to tell. The local leaders in Norway and Denmark were mostly known for pyramid schemes. I decided to not waste more time on them.
Caglayan , Artvin, Borcka. Check some pictures of a real goldmine first. A goldmine is far more than a hole into a mountain. I laughed when they produced the first pictures of the goldmine, with trucks and workers nicely lined up in a FLAT terrain. The price was a bit too high, too. I would certainly NOT let them take care of my money or my gold. May 4th, at 8: May 21st, at 1: I have found this forum very insightful, but filled with more speculation than facts.
The vast majority of comments are from the same handful of critics; the few defenders use little factual evidence, but often instead cry hope based refutes that have become cult like talking points. Until the company can prove that bids or subscriptions are actually purchased in a viable and sustainable ratio to affiliate growth, the naysayers of Zeek express valid points, and anyone that cannot recognize this critical red flag is foolish.
May 21st, at 2: May 23rd, at May 24th, at Interesting hate mail received by PatrickPretty. May 25th, at Jun 5th, at Jul 12th, at 4: Is there any independent reviews of Banners Broker? Jul 12th, at 6: Jul 13th, at 3: Keep up the good work. I will be looking in from time to time. Jul 19th, at 7: You guys are doing an amazing job!! You guys need more exposure to help all the poor suckers getting fooled into joining these scams!
Jul 24th, at 2: The company is Nucerity. I was also very comfortable with the MLM structure being branched out by just 2 direct recruits under myself and then needing to move down from there rather than across further, allowing for more opportunity for our entire team to work together and all benefit together. Jul 24th, at 6: Jul 30th, at 4: Jul 30th, at 8: Numbered comments is a solution when you want to tell other readers appr.
It can save some crosslinks between threads when you can tell about the posts rather than link to them. People will probably need some time before they starts to refer to comment numbers. A typical example for use will probably be something like this: I may or may not have gotten distracted with other areas of the blog since then… but I finally got around to it! I hope to get comment guidelines and and possibly a FAQ up in August sometime.
Aug 5th, at 2: A company named Profit Zone Edutech Pvt. All mlm leaders beware from this company he will be again cheat we all. He is a fraud be careful. Aug 5th, at 7: Aug 12th, at 1: Aug 18th, at I was involved with Zeek till today and now I am moving on as I need to find some stellar company to hitch my banner to.
Aug 20th, at 2: Please tell if you have heard of it and your evaluation of it. Aug 20th, at 8: Banners Broker sbuys and sells banner places from the investors money on popular websites, and the profit is shared. Bidify is similar to zeek. The system was not bad, if the profit of the auction site was payed to the members. Aug 21st, at Aug 22nd, at Aug 22nd, at 1: Have really enjoyed all the Zeek analysis, extremely professional.
I too would like you to add a Company to your list which is Visalus as I did not see any in the search bar. Would appreciate your examination on them or if anyone has and links to proper third party reviews that would be great. Aug 22nd, at 8: Wealth4All has already been reviewed. Aug 22nd, at 9: They have a bunch of testimonials up before the scheme has even launched profitclicking. They seem obvious to a lot of people, especially if you read your website regularly, but they take in so many people that dont know any better and its very hard if not impossible to find real objective reviews, until its close to being over.
For example Banners is getting pretty huge, nothing I can find online right now that would covince someone of what it is. Couple mentions, but not enough. Thank you Oz, I do really appreciate that you added it Visalus to the list and completely understand no time guarantees. Aug 22nd, at 2: Aug 27th, at 6: Sep 5th, at 5: Some people put e. Sep 5th, at 8: As for risk, you invest and earn a ROI. You do the math…. Sep 6th, at 6: Affiliates found to be in violation of these terms are subject to immediate termination and forfeiture of any products purchased.
Sep 6th, at 7: Paul Burks said the same thing about Zeek Ponzi. They had affiliates supposedly recite a long disclaimer at each public meeting: You need to analyze the business model itself. Sep 7th, at 2: It has been confirmed that the more members join Banner Broker though an existing person the faster the ROI becomes. Try studying their business plan Or try to get BB pitch from an existing associate. Sep 7th, at 5: Sep 7th, at 9: Sep 10th, at Hey Oz, can you review Ambit Energy?
Sep 11th, at 2: Sep 11th, at 8: Sep 11th, at 9: Sep 26th, at Just stumbled upon this site and love the candid and honest comments. Thank you for enligthening me! Sep 26th, at 1: Oct 6th, at 4: Oct 15th, at 9: I went to Seeking Alpha to review the online discussion of the topic of pyramid schemes as they may impact the stock market and the value of a stock such as Herbalife.
Oct 23rd, at Oct 23rd, at 6: Nov 21st, at KB Gold had been on there for over a year and I only got around to reviewing them yesterday! Nov 24th, at 9: Dec 8th, at 5: Jan 10th, at 1: Was out searching for me today, just like any anonymous person would, who may have met me yesterday, and quite possibly wants to call me tomorrow, once they do any due diligence! Well that might be good for them and good for me, but just because I am in business off-line and on-line does not mean I am required to, or have to help anyone who asks?
Because I am in business for myself means I determine what work I do, for who and for what! The work I do, primarily involves helping or not helping and staying within my boundaries. If I stray outside out of those boundaries, I risk losing everything today and everything before today!
As far as any business, on the Internet, it is similar to glasses of clear liquid sitting on a table in front of you. There is a reason why your site is ranked within the top k on the Internet, many reasons in fact! Keep up the excellent work! An unbiased, non-judgmental perspective is not new but rare these days, and is sometimes hard to maintain, just because facts do matter and opinion does matter! Unfortunately many people accept the latter, without little regard to the former!
Jan 10th, at Can you please do a review for Banners Broker? It looks dodgy as all hell and I need some concrete evidence to convince a family member not to get sucked in. Jan 10th, at 2: Your actual invested money is of course instantly used to pay out liabilities to previous investors. They claim to have advertising networks blahblahblah but nobody in the industry has heard of them, and no evidence of any advertising, beyond some shoddily made websites exists.
Yet they claim to be doing hundreds of millions of dollars in business each year. Jan 10th, at 4: Probably just local rep though. Jan 22nd, at Jan 22nd, at 4: Jan 29th, at 1: Jan 29th, at 2: Feb 6th, at Saved me the trouble of going through with World Ventures. Feb 6th, at 7: Feb 11th, at Feb 13th, at 2: How aboit Juice Plus, they use people to bring people to they website and people buy from your website and you never see the money because they just give to someone in the top!
Feb 23rd, at Feb 23rd, at 1: Thanks for the enthusaism Ben! Unfortunately though BehindMLM is not accepting guest post submissions at this time. Mar 13th, at 4: Thanks for the articles and reviews. I too would like to read your thoughts on Juice Plus as my parents have begun this Network Marketing business and I am curious about joining them.
Curious about the distinction. Moms at work post on February 13, comment regarding online purchases and pay out is only true if people do not send potential customers to a distributor site which is personalized. I did a test order on their site and if I backed out of the order to look at the products again and then attempted to proceed with an order, then the order form no longer auto loaded my parents name as my distributor.
Rather it had a question about who sent you to the site or who was your distributor…or some such. Maybe not the best method to ensure your customers be credited to you? I have advised my parents to follow the training of processing orders of their customers from their office to get proper credit for their marketing. Thanks again, look forward to your future assessments. Mar 25th, at Any one who knew that they are participating in a felony such as fraud , then actively attempt to conceal it such as filing false documents can be charged with misprision, a Federal crime.
District Judge William M. Wylegala, who handled the case, stated that Fuoco, who was known as Kitty, was the only employee in the offices of Gen See Capital, a business run by Richard Piccoli. In early , federal agents disrupted a massive Ponzi scheme being run by Piccoli through the business. Piccoli pleaded guilty in June and is currently serving a 20 year sentence. Fuoco admitted that she came to realize that the business was a scam but kept working at Gen See and failed to notify authorities about the criminal activity.
Apr 4th, at This is off topic … really wish you had a search function for looking up company reviews that are not listed in the navigation column. Apr 5th, at Must be my computer. Apr 5th, at 1: Clicking on a company name there will lead to all articles sorted under that company name, a list in reverse chronological order newest first. Clicking on a company name under the headline in an article will lead to the same list.
Not all companies are organised under separate names. Apr 5th, at 2: Learned a new word today: It seems misprision of a felony is a misdemeanor. Misprision is not the participation in a felony which would be a felony but knowing that a felony was taking place and not reporting it to the proper authorities.
It sounds like something that is charged when there is not enough evidence to support a conviction on the underlying felony itself. Apr 5th, at 4: I had an idea it could possibly be adblock since that affects google, and I was right.
Apr 5th, at 9: Categories, I usually create a company specific one if I find myself writing more than a few articles on the one company. Definitely a search button there, try another browser. Apr 10th, at If people applied good business sense to MLM they would have a better than average result than that of what we would call normal business.
Which by the way has an equally horrendous failure rate. A curse because it also relies on the worse cognitive biases that people have, where mental tricks like compliance and other techniques can be used.
Apr 12th, at 2: AdBlock somehow killed your search bar along with that banner ad near the top. Apr 28th, at 8: Apologies over the downtime yesterday. Shortly after I published my Rippln article some injected spam code started to interfere with the sites layout nothing to do with Rippln, just a co-incidence.
I spent 11 hours pulling apart the site until I found the offending code, turns out it was injected into the WP theme I use. Anyway, long story short I cleaned it up and we should be right now. Apr 28th, at 9: Apr 30th, at 5: One of the more bizarre human behavior is how human deal with cognitive dissonance, when one suddenly have two conflicting truths, often one long-held and the other undeniable but recent discovery.
There are three ways to resolve cognitive dissonance. You believe in one, the other, or rarely, you somehow meld the two together into an amalgamated third. The abusive relationship is a common cognitive dissonance. To an outsider, if the victim suffers abuse, the victim should leave. May 15th, at 7: May 15th, at That video was actually good and informative, and most of his videos are. He believes the monopoly money actually generated profit.
It generated around 10 billion monopoly money VIP Points during the same lifetime, with around 3 billion still in the system when it was shut down. May 16th, at 1: I left him a comment or two.
May 30th, at 9: May 30th, at Hey Darren, 5Linx is on my review list. Jun 1st, at 2: Gushing positive reviews can usually be found on affiliate owned websites. They are of little value information wise and usually serve a sole purpose, to get you to join the opportunity either immediately or by planting the seed. Critical analysis requires approaching a review from all sides, and more often than not that means bringing any shortcomings in an MLM business opportunity to the forefront.
Omnitrition and how they defined the MLM industry. And despite Koscot and Omnitrition cases that states very clearly they can only pay commission on RETAIL sales, not sales to affiliate, most companies pay on sales to affiliate any way. They simply assume that sales were done by the affiliates.
Jun 15th, at 7: But I feel still deserves a response. How you see BehindMLM is entirely up to you. Who said anything about journalism? Do not blindly trust anything you read on BehindMLM! If it makes sense then great, if not — have a think about why and address those concerns either via comment here or elsewhere. Do not change the subject, do not introduce strawman arguments into the discussion, do not go on tangents and do not crap on about journalistic standards and what you think they should be at least not in the company reviews , do not crap on about victimised you are, do not crap on about your perception of bias.
I only have so many hours in the day and I will make the effort to edit out irrelevant parts of comments, but if it keeps happening things start getting sent to the spam bin in their entirety. Jun 23rd, at Based in Honk Kong.
I had numerous requests for this company back in last year when Zeek crashed but everything was in poorly written Chinglish so I passed on it. Jun 23rd, at 1: Jun 25th, at 2: I just read your review about World Ventures and am very impressed with how even-handed and analytic you are.
I truly appreciate this service! Jul 8th, at Could you please add Be Motivated Today to your list of opportunities to investigate? Jul 8th, at 2: RealScam have a detailed thread on it: Jul 9th, at 3: The person who contacted me about it assures me that it is MLM, has been going since and is based in South Africa.
I was just wondering if it was a real business or yet another! Jul 9th, at 6: I read it as a single level affiliate membership scheme. If your friend can send you compenstaion plan material for the company you can verify this yourself. Jul 9th, at 8: Then it will probably be OK to join for you. Silver, Gold and Platinum are primarily about the income opportunity, but they pay very low amounts on the first 6 or 7 levels.
Gold and Platinum starts to look more like a pyramid scheme. It pays out on 9 levels for Platinum: Down to level 6 or 7, it hardly pays anything at all, it will only cover your own monthly fee plus some peanuts. Level 8 and 9 makes the potential payouts look more lucrative than they really are. You will need a huge number of people in downline to make any money here. I can probably find it if you want to write a review.
Jul 10th, at 4: Thanks for the replies folks. Apparently you can sign up for a 14 day free trial, so I will probably do that and check out if it looks legit from the inside. Jul 11th, at 5: Jul 11th, at 3: Dale was after general feedback. Jul 12th, at But that will require 65, people in downline 6 levels in addition to the 9 Platinum levels.
The compensation plan seems to cheat people, e. Details like that can be rather unmotivating. I can probably add something to the existing thread at realscam. Jul 14th, at 8: Like many years in MLM, fooling people, would give him credibility.
It is obvious that that makes him biased. Jul 14th, at Aug 20th, at Is there any MLM company that I can have similar results? Aug 20th, at 1: Ultimately your due diligence is up to you. Sep 19th, at 5: Behind Mlm helped me open up my eyes to all the lies and greed involved in most all the mlm scams out there.
Now I can see through all the tactics used by promoters to empty your wallet. How good does it make you feel that you made a sale when in reality you actually are simply participating in a merry go round of pick pockets.
Oct 16th, at 4: Oct 18th, at 6: Citron Research slams NuSkin again, cites Chinese reports that NuSkin reps are making completely fraudulent claims of curing cancer, dress up as doctor to trick unwary customers, and use cult brainwashing to keep reps in line with false promises of instant riches enough to live in Dubai UAE.
Citron observes that Nu Skin has become extraordinarily dependent on China for a disproportionate amount of its gross revenues, and all of its growth. With its Mainland China sales now accounting for an extraordinary Can this revenue concentration and these growth rates be even remotely sustainable?
It is illegally importing and selling unapproved products in Chinese mainland via an extensive multi-level marketing network — in gross violation of Chinese strict anti-pyramid scheme law. It is not legal to sell unapproved and improperly labeled digestibles in China, which is an especially sore spot with the Chinese government. After 4 months of investigation and with thousands of pages of support documentation, we feel confident in claiming that USANA is running a criminal enterprise in China.
We will stand by this opinion in a court of law. Oct 27th, at Got a news lead: Organo Gold rep caught using School District Work Time and Equipment to plan for pushing the stuff to his underlings in the school district. Oct 28th, at 9: Hats off to them for doing the leg work. Nov 1st, at 2: Hi I want to draw your attestation about a company which is cheating from last 2 years to us. Most of us are from India, Pakistan, Malaysia. Here is the latest link of that.
Nov 1st, at 7: I want to draw your attestation about a company which is cheating from last 2 years to us. And looking at the website the perps are probably based offshore in anycase. Diamond Plan Daily interest: Nov 10th, at 6: How many did you spot? Nov 10th, at 7: That being said I am experienced enough to know that if your total losses are modest no one will take you on as a contingency and you will need to pay as you go.
Civil litigation is incredibly expensive. It can take many years,and there is no guarantee of success. Generally, if an attorney is not willing to take your case on a contingency your case is not worth much and you should just lick your wounds and learn from your experience. Nov 10th, at 9: COM forum start a new thread there. You will find many of the same readers there, but that forum is more specialised in how to handle different types of frauds.
It will also be easier for other readers to find your post in a forum than in a blog. We have a slightly different type of audience or a wider range of them. Nov 11th, at 1: PatrickPretty is citing news from South China Sea Post that a mass recruiting pyramid scheme company was closed in hong kong. Searching Youtube for Interrush shows that it is a MLM modeled much like Vemma, with left and right leg, 7 sales each side completes a cycle, and so on and so forth.
However, all explanations seem to be in Mandarin possibly recruiting in Taiwan? The similarity of this to WCM is amazing, and the fact that Interush had been open for many many years already…. I may have to surf the Taiwan and Hong Kong websites to see if I can find a comp plan that can be translated. I suspect the US operation is completely separate from the Asian operations, compartmentalized and all that.
Nov 11th, at 3: Actually Hong Kong passed the anti-pyramid selling law in , with fines topping out at 1 million HKD and 7 years in jail. The problem is prosecution. Nov 11th, at 5: Nov 11th, at Nov 12th, at 2: Just had a quick look at their website, looks to be your standard advertising credit based Ponzi scheme.
Nov 12th, at 8: Nov 12th, at 9: What tends to happen is they either just upload logos to their site and claim partnership, or reupload Youtube ads of the various companies and flat out lie about it.
And it is indeed a FACT: O my, suprise, FACT: Looks like you came to crypto late, based on the little knowledge you have.
Did not hear about Bitconnect until a year after I got into crypyo.. Only a small fraction of my crypto investment is in BCC. Dec 9th, at 4: Experts called BitConnect suspicious, dubious, and probably a ponzi scheme. Coincodex already delisted BitConnect, others will follow. Dec 9th, at 5: Dec 9th, at 6: The only reason BCC is on public exchanges is so investors such as yourself can run around the internet using it as a strawman.
This is done internally and has nothing to do with public exchanges. Dec 9th, at 7: Whereas earlier you said it did not exist. And being on public exchanges! There is no public demand for BCC Ponzi points. Dec 9th, at Bcc altcoin is doing very well.
Now BitConnect does not exchange your usd coinbase and other exchanges do that. So when you have BTC you can exchange it for any altcoin on the market cap.
So is bcc a scam NO. What are you talking about? People are trading real money for speculative altcoins. It is going to be so sweet when the SEC shuts this scam down. I hope scammers like Scotty lose everything! It has a market cap of 2billion dollars and legitimate coins in circulation.
Anyone can see that on the coin market cap. Com there altcions that work this way. Bank of America may be looking into cryptocurrency exchange services for its corporate clients — or at least keeping its options open should they become interested.
Dec 10th, at 1: The only reason I commented on this site is because it is full of misinformation. OZ seriously did not even understand that a mass amount of people trade alts on public exchanges, including BCC.
Dec 10th, at 5: Bought by Ponzi investors and used to commit Ponzi fraud. You falsely stated banks are converting. Your fictional friend making one trade is not proof. At least have the decency to own your thievery, scammer. Bitcoin is a legitimate cryptocurrency based on supply and demand. Dec 10th, at 6: Offtopic derail attempt removed I explained how BCC is able to make payouts.
Your doing your viewers a disservice. I never said anything about them being the same coin. As far as proof of more trading elsewhere externally, u seriously need to do your own research and u would have some answers on Bitconnect. By what, not buying into Ponzi scheme marketing BS? BCC is pegged to the rate of new BitConnect affiliate investment.
The only verifiable source of revenue is new affiliate investment, making it a Ponzi scheme. You seem to think this is Facebook. Dec 10th, at 7: Thankyou for confirming you have no proof of BitConnect external revenue. I think BitConnect Coin is a perfectly legit altcoin. The company itself isnt so hidden as one would think. Searching the UK company house you find among others: They even have a Trading department listed at company house.
However it would suit them to come forward and on their website openly show who they are and what their company is doing behind the website. On the other hand the level of interest they offer is suspicious. Also one of the new shareholders is Glenn Arcaro. He is a pretty big name within the BitConnect community. Should be said, in my opinion. Dec 10th, at 8: UK incorporation is a joke. Dirt cheap and virtually unregulated you can fill any bogus information in.
Dec 10th, at Dec 11th, at How many BCC would I need to buy a decent double shot espresso, or, even a foul tasting double shot espresso. Dec 11th, at 2: Tho from the information I have gathered so far is that it its only profitable for the owners, or the bigger promotors; especially those promoters you can now look up by name in the UK company house registry. Its like they are trying really hard to convince people Bitconnect is legit.
I even read somewhere you actually cannot make any profit from Bitconnect… You at most get your initial capital back after xxx days. Dec 11th, at 5: To purchase your debit card simply create an account and deposit either Bitcoin or BitConnect coin.
Once your transaction verifies you can use that balance to order your card. The merchant is converting crypto to fiat on the backend. Dec 22nd, at Please provide a link or article to one single person who has been scammed by the platform. Folks, remember that scammers can tell you what to do and also what not to do, think about that when reading these threads.
Whether you personally get scammed is neither here nor there. Seeing as BCC is in steady decline, guess affiliate recruitment has slowed down too.
Best of luck with the monopoly money daily ROI payouts. Dec 22nd, at 8: Spare me the dodging and weaving. Dec 23rd, at 7: Oz, how am I going to address what you and I both do not know to be fact BitConnect use newly invested funds to pay off existing investors. Snip, by providing evidence of external revenue being used to pay affiliate ROIs.
BitConnect have had plenty of time to provide evidence of external revenue being used to pay off existing investors. You want to make that claim, you provide evidence. Dec 23rd, at No evidence of BitConnect using external revenue to pay affiliates? BitConnect due-diligence begins and ends with audited accounting verifying external revenue is being used to pay affiliates. Your continued failure to provide any such evidence is an indirect admission that BitConnect is a Ponzi scheme.
Dec 24th, at 7: And BCC trades volitility.. Dec 24th, at 8: And you keep saying stuff like when recruitment dies down this will all end.. If interest dies down in ANY coin it will be the end of that coin. Murphy provides audited third-party accounting reports demonstrating BitConnect use external revenue to pay affiliates a ROI with?
I hope crytpo boss is behind bars soon! You are nothing but a lowlife scammer pimping this obvious ponzi scam! You will get what is coming to you! I just saw these claims that have 0 backing, just theory that Bitconnect is a Ponzi so i responded. Yeah, none of those three videos provide third-party audited accounting reports proving BitConnect use external revenue to pay affiliates. Some guy narrating what BitConnect are showing him in his backoffice is not the same as third-party audited accounting proving external ROI revenue.
Thankyou for confirming you have no evidence BitConnect uses external revenue to pay affiliate ROIs with. Best of luck with the scamming. Dec 24th, at 9: Figured you would delete those. Afraid a geeky nerdy computer scientist may just know more than u about the algorithm trading bot and how the Bitconnect platform actually works and is able to pay out? So what if he uses the platform himself, at least he goes into great depths and not just hype like so many other MLM promoters.
Ponzi scammers and their affiliates can come up with whatever ruses they want to explain ROI revenue. The YouTube spam videos you provided are clear evidence of this. Actual evidence, not marketing BS on YouTube. Those are the facts as they stand. Any more Ponzi due-diligence cliches you want to throw out? Anything to detract from the fact that new affiliate investment is the only verifiable source of revenue entering BitConnect.
When a company promises a ROI, what goes in must come out. Jan 8th, at 5: And being deflationary is where the return is coming from, in the future when markets stabilize the interests could be significantly lower. Jan 8th, at 6: Jan 17th, at 8: Jan 17th, at To anyone who have lost money: Jan 28th, at 4: I am curious about those people that were all in on Bitconnect?
Interesting to see what they would say now. Jan 28th, at 5: Jan 30th, at 3: For anyone who wants to know what it is like to own Ponzi-coins, the price development of Bitconnect Coin at later stages starts from the all time high at:. Then on January 9th securities fraud cease and desist issued by North Carolina. After which halt of lending and exchange platform was announced, members were refunded in Bitconnect coins for face value of 1 coin for each That caused a havoc and price collapse to:.
After which some people actually bought Bitconnect hoping to make money with the possible price increase. Increased demand made the price climb again:. Jan 30th, at 6: That was an interesting analysis and how do you think OneCoin and ho do you think it is going to fade away this your based on your modeling and the earlier death of BigCoin which Ignatova and Ricketts were involved with?
Apart from interest I continue to be amazed at the level of denial and false optimism there is in OneCoin despite all the bad news and evidence of scamming. Jan 30th, at 9: I think it has more inncomen whit onecoin, then bitconnect, i recomend checking swisscoin on facebook and twitter to better get a understanding of the problmes you face when trying to convert ponzipoints into exchangeable coins, and also the problems you face when not having a broad and skilled based of developers.
Jan 31st, at Promises are not being made like guaranteed initial buy backs, no exchange, removed access to compensation levels after initial free scope to all early investors, delayed messenger service and they are building up to an event in Dubai in late March to go public.
Be very careful with this one as the tech stuff appears legitimate but most of everything else is confusion. Jan 31st, at 1: Chris Bailey I stand by my comments. You guys fail to realize that BitConnect had to shutdown there lending platform due to regulation let state the facts.
Fact I earn profits by leveraging the BCC token. All this ponzi and scam talk? When they shut down the lending platform investors had no use for the token and sold them. This is no different from ripple coins or any other coins that people have no use for. When you sell the price goes down. Fact the bcc website is till operational. Crypto currency is a great application for peer to peer transaction.
Jan 31st, at 2: Would you agree there are numerous crap coins making their way on to Coin Market Cap and elsewhere? Without the ponzi platform artificially inflating the price, BCC is just going to be another one of those. There was no lending. If they were generating that much money through lending, they would be shut down for usury first. Jan 31st, at 3: Jan 31st, at 4: Americans are not investor they cry and scream scam when they made a bad decision on their part own up to it.
Jan 31st, at 5: North Carolina and Texas serve them with a cease-and-desist order which is fact, you are correct they failed or decided not to prove or show their platform. BCC is still up and running the coin is still on the coin market cap value has dropped because of sell off of the BCC token fact. BCC purpose was to have their investors gain profit from the lending platform Which is now Discontinue.
Now BCC needs to find another purpose for the coin and application for the coin so it may have value, if not BCC token will be another lost altcoin on the coin market cap. No one has proven Bcc was a scam or ponzi and that a true fact. By not choosing to show proof of a bot or where the profits are coming from is not admitting guilt of ponzi or scam. If you think that you have no clue about unregulated and the goal of crypto currency.
Because a there is no bot and using newly invested funds to pay off existing investors is Ponzi fraud and b running a Ponzi scheme is illegal in the US.
And attempting to mingle the goals of legitimate cryptocurrency with schemes using cryptocurrency to commit Ponzi fraud is disingenuous. No matter the broader goals of cryptocurrency, fraud is fraud irrespective of the vehicle used to commit it. BitConnect proved it was a Ponzi scheme when it refused to divulge information about its non-existent bot. You can make up whatever excuses you want but facts are facts: If there was a legitimate bot BitConnect would have had no issues providing information to the authorities about it, as they were legally required to do since day 1 of launching.
Bitconnect discontinue the lending platform, BitConnect is not shut down. BCC website and coin are currently active fact. Jan 31st, at 6: By shutting down the lending platform Ponzi scheme BitConnect the company shut down. The admins have left the building. All Ponzi schemes pay out until they either run out of money or the admins reach a reserve threshold and do a runner. Feb 3rd, at 3: At the time of collapse the 24 hour volume reached over 60 million USD.
Feb 5th, at 6: Feb 9th, at 3: How did your investment on Ponzi currency pay off to you? Feb 15th, at 3: You should of bought some when it was low like I did and you would of made me some profits. Feb 15th, at 4: I doubt Otto wants to partake in a criminal enterprise and be a willing participant in Ponzi fraud.
Mar 11th, at 7: Is your advice to them that they should buy some more collapsed Ponzi coins now? The 24h volume is at 1. And has been for three days now. Mar 26th, at 4: Certainly someone is heading here to tell what an awesome opportunity it was to invest to BCC?
Mar 31st, at 6: Apr 3rd, at 2: Email will not be published required. Leave this field empty. BitConnect Products BitConnect has no retailable products or services, with affiliates only able to market BitConnect affiliate membership itself. A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them level 1: Residual commissions paid out as a percentage of invested funds across the unilevel team as follows: Conclusion BitConnect Coin is a publicly tradeable altcoin.
BitConnect is the world-wide community. No any particular owner of those. Nobody said anything about a fake coin. Hello guys, Can any BCC investor living in the city indicated on the company address walk there and check for us to make sure the company is indeed located there?
You CAN easily make these returns trading cryptos… for now. So i see it might be a good system, but one needs to approach with caution. I would also create a website like this and ask for loans to utilize my bot much faster and make bigger gains for myself How does other people invested and you having to pay them more than they invested help you get more gains? Why would you put money at risk you can lose when you can just dupe people into thinking you do? Your imaginary bot falls into the same category.
Here are some numbers. No, you get back 0. Thank you for your enlightenment.