Well, D9 started in January 2016 and did their exit in mid to late 2017 leaving a lot of people suffering. I can’t believe that some people actually took out loans and jeopardized their children’s education funds in the hopes of making it rich.
Let’s all be a bit more careful the next time one of these Ponzies (and they will) come knocking on our doors.
For those currently residing in Africa, you guys and gals need to start paying even closer attention.
Africa is going to be one of the largest markets for cryptocurrency moving forward and with that will come the vultures to exploit and extort as much as they can.
This article is titled “Is Africa Ready for Bitcoin?” Included in this article are two interviews conducted by CNN.
Some very important things to know about Bitcoin and Bitcoin Cash. <<<HERE>>>
What is Bitcoin Mining?
My name is Paul.
I am your host on this site.
Click on this image to see my profile at Wealthy Affiliate University
I am in Ontario, Canada. My little website has opened up a completely new reality for me by allowing me to share with people all around the World. I do not know why, but Africa, somehow has an attraction for me to spend my final years there and I will try to make it there to end my final days. I think it is about maybe meeting up with some of the wonderful people that I am meeting here on this site.
I am saddened (but not surprised) to know that there are so many fraudulent ponzi/hyip/mlm Schemesravaging the ‘New Frontier’ commonly known as Africa. And, many of these are Ponzi Schemes Using Virtual Currency.
I created this site in early 2016 as an information based utility for the D9 Clube operating out of Bahia, Brazil. D9 Clube is no more.
Most D9’ers that came in toward the middle and end all have their money tied up. Those that re-entered into D9.2 also have their money tied up. Many, that took out loans (Why?) are now in a position placing them unable to repay loans they took out. There is much distress.
Danillo Santana and the crew executed a very elaborate Coup and have vanished. No access to the site, no access to our back offices, nothing.
What the SEC (Securities Exchange Commission) has to say on the subject of Ponzi Schemes using virtual currency:
The SEC writes, “Be suspicious if you don’t receive a payment or have difficulty cashing out your investment. Ponzi scheme organizers sometimes encourage participants to “roll over” promised payments by offering higher investment returns.”
If the company holds your money hostage via convoluted withdrawal requirements, there’s a good chance it’s operating as a ponzi scheme.
This is exactly what D9 Clube did. They kept encouraging people to “Roll’ their money back in to realize higher gains.
What do Zeek Rewards, WCM777, TelexFREE, Cyber Kids, Zhunrize and eAdGear all have in common? They were all shut down as ponzi schemes AND they all had auto-reinvestment components. In legitimate network marketing programs, rewards go out based on volume. There’s no need for the company to hold YOUR money. If you earn it, you get it. In a ponzi scheme, they need to keep cash inside the system to protect themselves in the event enrollments (money coming in) slow down. What do these requirements look like? Daily withdrawal limits, percentage of your commissions automatically used to purchase more “product,” hold periods for when you can actually sell your “Coins” after purchase, etc. These measures are taken to keep cash inside the system, protecting itself in the event of a crash.
With that being said, we all know now that hundreds of thousands of people (i’m just guessing) were left holding an empty bag as a result of the D9 Ponzi.
Enough about D9. It makes my stomach turn.
Let’s get back to “Is Africa Ready for Bitcoin?”
Africa is Ripe for Bitcoin & Cryptocurrencies
Click on image to link to www.news.bitcoin.com Some great articles and views.
These countries have got Exchanges and Start-ups in the crypto space, and their businesses are recognizing the significance of Cryptocurrencies in fostering cross-border trade and payment. As a matter of reality, there are more than 1000 merchants accepting Bitcoin in South Africa.
Moreover, the infrastructure for the takeoff of digital tokens is solid. Telecommunication liberalisation across the continent has enabled internet accessibility remarkably.
Figures from GSMAindicates that half of the population in Africa subscribed to mobile telephony. Also, the statistics intimate that for the past two years smartphone usage in the continent has doubled to reach 226 million.
Termed the Money Transfer Protocol of the internet…Interviews from CNN
Click on image to link to www.saveonsend.com Does Bitcoin/Blockchain make sense for international money transfer?
Below are two Interviews that I have sourced through CNN.
In the first, CNN spoke to Werner Van Rooyen, Head of Business Development and Growth at LUNO, the biggest Bitcoin exchange in Africa about how Bitcoin and Cryptocurrencies are naturally poised to offer Africans financial inclusion.
Please read carefully and leave behind some comments on the contents of the interview.
Interview number 1:
CNN: Has Bitcoin Anything to Offer Africa?
Click on image for a good link to Techmoran dot Com. Good articles and insights into Crtptocurrency.
There is the potential for Africans to leapfrog some of the existing financial services, in the same way, that many Africans skipped the part of owning a cumbersome and expensive land line and went straight to owning a mobile phone.
Most African currencies are reeking of inflation. Does this make Bitcoin attractive as a store of value to Africans?
Bitcoin has been found to be largely uncorrelated to other asset classes. With most asset classes, there is a correlation (or inverse correlation), like when a country’s stock market goes down, the currency’s exchange rate usually also follows, same for the housing market. Bitcoin is largely uncorrelated, meaning it is becoming an attractive alternative to many investors.
What do you make of some African governments tagging Bitcoin as a tool for terrorism and money laundering?
Werner van Rooyen:
I think this is mostly fueled by incorrect data, click-driven media hype and lack of understanding about Bitcoin. Firstly, I should say that the biggest facilitator of organised crime, including money laundering and terror financing, is cold hard cash.
Many other modern inventions, such as the Internet, Twitter, cars and cellphones, are currently being used to facilitate crime. It doesn’t mean that we should shut these technological advances down (I doubt anyone is seriously proposing it), but rather that the good that comes with it outweighs the bad.
Lastly, there is very little proof that Bitcoin is currently being used for these nefarious purposes. Remember: Bitcoin is only pseudo-anonymous: all Bitcoin transactions ever conducted are recorded in the Blockchain.
Adoption in Africa is irritatingly slow. How do we push penetration?
Werner van Rooyen:
Education and user experience. At Luno, we’re doing a lot to tackle this. Our aim is to make Luno the easiest place to buy, sell and learn about Bitcoin. Something which is no trivial task, but we’re seeing fantastic growth in Africa, especially for our mobile wallet. We’ve also created a Learning Portalto help new people with some basic concepts about Bitcoin.
Do you think Africans will finally embrace Bitcoin?
What makes Bitcoin more expensive in Africa than anywhere else?
Werner van Rooyen:
Bitcoin is a very liquid instrument: it’s easy to move around the world. This, in theory, means that it can and will trade at roughly the same exchange rate, wherever it is available.
Obviously, there are many factors at play, but since the price is determined by supply and demand, it means that in some places where the demand is low, it may trade at a lower price (and vice versa).
Another issue is connectivity: to transact in Bitcoin, you need an Internet connection and ideally a smartphone. Many places are still underserved by the telcos, but this is changing fast. The price of smartphones is also continuously getting cheaper.
Could you paint a picture of the future of Bitcoin in Africa?
Werner van Rooyen:
It’s really too soon to tell, but what we’re seeing already today is really fantastic and I believe Bitcoin has a lot of potential in emerging markets in Africa and abroad.
Interview Number 2
Click on image to link to “How to buy Bitcoin in Africa.”
CNN also spoke to Adewale Bankole, President of the Bastiat Society and Humaniq Ambassador of Nigeria about the future of Cryptocurrencies in Africa.
Africa is an emerging market with lots of opportunities. People have been failed over time by fiat money that doesn’t hold value. It is ardouous for our local business people because the local currency doesn’t hold value and most of the time it has to be changed to dollars in order to access International Markets for raw materials and machinery for example. However, with Cryptocurrencies holding the same vallue Globally,it will become more and more seamless to transact business by Africans Globally. This will absolutely create a circle of human and economic development in Africa in the long run.
So, it’s Africa that has a lot to offer Bitcoin and other Cyrptocurrencies and not the other way around?
Yes, the market is here for cryptocurrencies in Africa. Africa has lots to offer Bitcoin and other cryptocurrencies, simply because Africa needs an alternative to the weak and not – always – available fiat money. All products of cryptocurrencies will be well embraced if promoted in Africa. As we speak the vacuum for alternative means of payment is obvious in Africa at the moment.
And do you believe Africans would embrace Bitcoin if the necessary awareness is created?
Absolutely. Once they see that it works. Africans really want something that works with value. The missing link here is the awreness about the technology.
Do you think that the necessary infrastructure is there to make it thrive?
Yes, infrastructure is the key. However, average Africans have smartphones these days, which means that Bitcoin and other Digital Currency transactions can be done. Moreso, with their advent of their Fintech App, has made Africa a most fertile land for Cyrptocurrencies.
From your perspective, do you see any challenges?
Sure. There are always going to be challenges from State and or Central Banks. Definately, they will feel threathened that Cryptocurencies will send them out of the Money Market Monopolisation. But with the persistent success of cryptocurrency transactions in Africa that are slowly solving problems and raising human development, cryptocurrency will surely take over.
Penetration and adoption is painfully slow. What is the way forward?
At this point, I think that a wise governement in Africa that cares about FDI and overall economic growthshould just adopt cryptocurrency and let it work in their respective countries. I beleive adoption will rise steadily once the cryptocurrency companies spend more in sensitising African business people and Africans in general. It is obvious that people want an alternative to fiat money. People are tired of working hard for money and working harder to transact with it which is the current situation with fiat money in Africa. This is what I see on a daily basis.
What about Civil Society? Do they have a role here?
Civil Society works to promote human development, and I think that they should be a major partner in this Cryptocurrency drive in Africa, since most Civil Society Organizationsalready have an area of interest and keen followers.
Finally, why will you choose cryptocurrency over fiat currency?
The ‘store of value,’
‘Easy to transact with,’
‘Accepted Globally,’ and
Click on image to learn more about ‘Bitpesa.’ Another good alternative.
Tanzania is the latest African Country that is embracing the tecnological currency revolution as it shows some impressive growth, despite the small numbers.
In Africa, it is Kenya, Nigeria andSouth Africa that are pioneers of Cryptocurrenency, but as the World of Bitcoin spreads, even places like tanzania are starting to show growth.
“The main hindrance to adoption of Bitcoin technology, which we do not often talk about, is the lack of awareness and skills to adopt the technology. Bitcoin currently is a sophisticated technology compared to the simplicity of existing platforms like M-Pesa, which my grandmother who does not even speak English can use. The Bitcoin technology needs to get simpler or integrate into other simpler platforms. We also need to get better at educating Africans about this technology.” – John Karanga of BitHub.Africa
Many members of the D9 Club were not actively involved in the Network Marketing/MLM aspect of the program.
Some of the leaders in The D9 Club came up with a very clever and attractive way to ‘rig’ the system offering a very attractive alternative for those that just wanted to build their returns without having to introduce the program to others.
The cash flow projections looked so great that some individuals took out loans or put their life savings, and even their children’s education accounts forward.
My new working life is one where I can work from home or anywhere for that matter as long as I have access to the internet. I have been one of the fortunate ones during these very uncertain times of a worldwide meltdown.
May we all live long and prosper.
In this post, I want to talk about:
The D9 Clube. Why? Because it laid down a template for many other Ponzi’s to follow;
It was one of the biggest scams perpetrated in early 2016 and exited in mid to late 2017 taking with it many US Dollars and Bitcoin.
Estimates are that this scheme had over 640 Million USD go through its process and over 65 Million USD is still unaccounted for.
That means that the organizers used let’s say $600M to rob Peter to pay Paul and walked away with ‘Cool Millions’ when the river of new people coming in dried up.
The D9 Clube could have been a really good experience if it had been better explained and some execution in the actual sports trading platforms had taken place.
It was a ‘By Invitation Only’ Entrepreneurs Club that anyone above ‘The Age of Majority’ could participate in through referral or sponsorship.
It was to be a community made up of Open-minded people with a broader vision of seeking financial independence and a greater quality of life and freedom from daily routines for themselves and their families.
The D9 Clube could have been a really good experience if they had executed what they set out to do. But then, who really likes to work hard when money is being thrown at you?
I’m not sure if that was ever confirmed, but as you know, when the Internet is used effectively, the World is in the palm of your hand. You can create ‘fake this’, and ‘fake that’, and have everyone believing that it is real.
The concept of their business was actually quite do-able and sustainable (Arbitrage Sports Trading). But guess what they forgot to do? The Trading.
Theirs was very similar to the man who is charged with the name “Ponzi Scheme” – Carlo (Charles) Ponzi but a little more sophisticated.
Great idea, great concept, but neither of these guys nor Charles Ponzi knew how to execute what they were in fact promoting. They just found that it was easier to rob Peter to pay Paul and keep a handsome amount for themselves.
I found a picture (below) of the owner, or mastermind, his right-hand man and the leader of the fraud in Uganda, Africa.
The only reason I am re-hashing something that is now history is that there is something to learn from it and more importantly, their fraud laid down the template for many other frauds being perpetrated right up to this day.
Their representatives at the top known as “leaders” in the field.
Luis Durigon and another fellow I know only as “Ruffugio’ came to Toronto, Canada around Christmas time 2016. They had launched their operations from Brazil in January of that year and Africa and selected European hubs had already been targeted and established by September 2016. North America was next.
A group of a dozen people considered being leaders in their respective fields in the wonderful world of network and multi-level marketing were gathered together and wined and dined in one of the most expensive areas of Toronto, Canada. The Yorkville District.
The ‘bill’ that night was probably close to 10K CAD for just 14 -15 people.
Ten Thousand dollars seems like a lot for dinner, but as the old saying goes “you have to spend money to make money.” And boy did they ever make money with that money spent.
When all was said and done, authorities estimated D9 Clube was a $642 million dollar Ponzi scheme.
So was D9Clube a ‘Scam,’ ‘Dare,” or both?
Looking back, it was all of the above. The leaders ‘dared’ their downlines to get involved with the ‘fear of losing out,’ and the guys at the top took care of the rest by scamming the daylights out of anyone that dared to come on board.
D9Clube had various packages to accommodate all levels of participation. For simplistic reasons, let’s just focus on the most elite and popular package offered to D9Clube investors.
Based on the assumption that most affiliates were purchasing a Gold Plus package, this is how the D9 Sports Traders were going to do it:
D9 knows that they have to pay out a $170.00 commission to the person that sells this package. This was the direct referral commission paid to the person who brought the next victim to the table. Then they have to pay out the Binary portion to the ‘Team’ builders and then they have to pay out the Indirect Referral as part of a Unilevel. See illustration below.
After all the payouts on this one package are paid out, D9 is still left with $1360.00.
They also know that they have to pay the holder in due course of this package $170.00 per week for 52 weeks.
The Traders have $1360.00 to generate $170.00 per week or $24.28 per day (Sports Trading is a seven day a week event) to keep this package from becoming ‘delinquent.’
They have to generate a minimum daily profit of 1.8% daily to keep this package performing.” That requires dedicated work.
In the hands of a competent Arbitrage Sports Betting Trader, 1.8% daily is not out of the question where averages in this particular industry can range up to 5%.
Sports Arbitrage Trading Introduction – ATP Platform
Arbitrage allows for small consistent gains all the time.
Arbitrage Trading is the process where Professional Sports Traders take advantage of the variation in odds offered by different bookmakers in order to make a profit regardless of the outcome of an event.
Also known as ‘matched betting,’ or ‘sure wins,’ arbitrage trading involves simultaneously betting on every outcome of an event, whilst making a calculation that the combined bets will lead to a guaranteed profit.
‘Arbitrage Trading’ has been dubbed “the only way to make a consistent profit” in Sports Betting, and it has certainly proved profitable for a lot of followers of the method. With that being said, the process requires large stakes and a great deal of patience, given that the typical return on investment (ROI) is between two and five per cent, depending on the event and a number of other factors.
You might have heard it be called sure betting, scalping, risk-free betting, arbs, or maybe even something else entirely. But they are all the same thing and now you will have a little more clear idea of what sports arbitrage is and how profits can be made from it.
Professional sports arbitrage trading can be a great way to make money but it’s not always as easy or as fun as some people will have you believe. You need to know exactly what you are getting yourself into before you jump in blindly.
D9Clube members were told that their team of highly specialized D9 Club Traders will be doing the trading for them…Not!
In part three of the sports arbitrage betting tips series, Trader Tim talks about the MONEY. He discusses how much money you will need, how much money you could make, tax information, and more. Basically, you get all the answers to your questions about the “money side” of sports arbitrage, which is obviously a very important topic.
“love em or hate em…you gotta use em.” Yes, the Bookmakers. You’ll need at least 30, maybe even 100. Pinnacle Sports has emerged as one of the most popular online bookmakers providing savvy Arbitrageurs what they need.
Online Bookmakers offer Free Bets and Bonuses for your business in the hopes that you will lose. In this video learn how to find an ‘even trade’ and walk away with their ‘Free Bets,’ ‘Bonuses’ and ‘Lost Leaders.
D9 made it past the year mark (approximately 16 months) and they did most of their damage in the last 2 months of their existence orchestrating their exit plan.
The short-term HYIP’s “lifetime” cannot be defined in my opinion but can be verified by my 85% assertion. Every HYIP has its own lifetime. It’s hard to predict the end. That is why short-term HYIP’s are considered to have a higher risk degree than long-term ones and offer a higher rate of return.
Bitcoin high yield investment programs, also short Bitcoin HYIPs, may pay you high returns for a small amount you invest in them. These programs are supposed to get the profits by trading forex, stocks and bonds, sports betting and others.
The perpetrators of these schemes are actually nice people that you would meet across the street and trust unconditionally. That is because they know how to build your trust in them.
HYIPs pay hourly, daily, weekly or monthly. The daily income rates depend on the HYIP itself and range from 0.5% to 6%. Some even go as far as to claim 10%. We are talking daily here.
D9Clube was offering a daily return of 1.8% on the purchase of each $2046.00 package based on Sports Arbitrage Trading.
Those of my readers that know me, know that I have always said from the beginning, that if D9 does successful ‘Arbitrage Sports Trading‘ then there will never be a problem.
But If they are not doing the trading…well, guess what? You better have an exit plan of your own.
It works something like this (The Graph below explained):
First Learn, then remove the ‘L’
The lifespan of an HYIP can be divided into three stages.
Phase 1: The Launch after The Pre-Launch
Pre-launch is where people can join for free to position themselves within the organization. Or they can become founders by making some sort of commitment i.e. they can invest a minimum to a maximum amount and have for example, ‘founder’ or ‘Premier’ status.
In the D9Clube example, Investors invest Bitcoin purchased through USD cash and D9Clube Admin pays the promised percentages. All good.
D9 Clube Admin is essentially paying out from their own pocket and the pockets of the founders and early investors at this time and are incurring losses or just breaking even.
This is when ‘Leaders’ with large followings are enticed.
Phase 2: The Upswing.
Enough Momentum has been acquired through the planning stages and it is time to pull the trigger.
The SCHEME is now booming and many people are signing in and investing. Many with up to One Hundred Thousand USD plus.
The potential profit of the admin now grows faster than the amount they need to pay daily to the investors. They have reached the Pinnacle.
They finally have the money to do for the people what they promised. To turn the investment into regular profit.
But these profits were not realized through trading. These profits are from new money coming in.
And then that’s when these ponzies fail.
They have made it this far with their shenanigansbut now the game is real.
They have sold investors on the idea that they are professional traders. But they are not.
Sooner or later, the payouts coming from new people will slow down or stop completely.
Now an Exit Strategy has to be planned.
During this phase, an additional ‘small amount’ will be required under the guise of for example KYC “Know Your Customer”, or as I call it “Kentucky Fried Chicken.”
They plan their exit strategy. Can take anywhere from 10 to 40 days plus. D9 was about 40 if not a few more.
During all this time they keep you handcuffed and at ransom while at the same time encouraging to continue to invest and reinvest.
Phase 3: The Fall.
Over time, fewer and fewer people continue investing in the platform. This means, that the potential earning is getting less, due to the fact that the admin needs to pay out a profit daily plus the MLM Bonuses. Admin decides, that now is the point of maximum earnings for them.
First, admin stops all the payments out of the website but allows continued investment into the program through the leaders that are still able to convert their back offices from numbers into actual bitcoin and US dollars.
Remember at D9…Nobody got paid for almost two months but they encouraged people to continue to purchase packages under the guise that they were making the platform even better.
Then when they had ‘milked’ the program to the maximum they ran away and closed the website.
So they had a run from January 2016 to approximately September 2017.
Note: Most Hyip’s hiding behind an MLM or Network Marketing structure will last much longer than an HYIP on its own.
How To Minimize The Risk if you still want to play?
As seen in the upper graphic, the periods you are going to earn are phase 1 and 2. This means you need to join as early as possible, equivalently, you need not join too late. To find out if the HYIP is at the beginning of phase 2 or at the end is not easy.
Therefore, there are some common rules of thumb on joining HYIPs:
Do your homework. Especially if they are promoting the program through the issuance of a new Alt Coin or new Blockchain Technology. With these, you want to see ‘The White Paper.’
Be wary (Like D9) of Company Communication done in only one language other than English.
Have anyone that is recruiting you to show the validity of the program.
Establish if the program is an HYIP or an HYIP disguised as an MLM. Remember, the ones hiding behind an MLM structure will last much longer.
If the Hyip is just an HYIP paying more than 5% daily, then don’t join it after it has been there for more than three weeks.
If the HYIP is paying between 2.5% and 5.0%, then don’t join it after it has been there for more than five weeks.
If the HYIP is paying less than 1.5%, then the choice is even harder. The website might pay for a very long time like HashOcean(more than a year), or stop like Business Angels (less than three months).
Don’t Get Greedy. Most HYIP’s want you to continue to roll over your gains back into the program. Would a better approach not be to extract your initial money and then play their game with their money? and finally,
Don’t forget to request your withdrawals as soon as they become available.
Note: Do not be afraid to ask for a white paper from the company’s dealing with Cryptocurrency, Mining and Blockchain programs.
Click on the image above to read “In Ponzi We Trust.”
Born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi; March 3, 1882 – January 18, 1949) was an Italian swindler and con artist in the U.S. and Canada.
The ‘King of getting Rich Quick,’ Charles Ponzi became a millionaire in just six months back in the early 1920s.
Charles Ponzi was best known for the financial crimes he committed when he conned investors into giving him millions and paid them returns with other investors’ money.
Although he did not invent the scheme that later came to bear his name, Charles Ponzi’s scam was so extensive and initially lucrative that it brought national attention to the fraudulent operation for the first time.
Ponzi arrived from Italy in Boston, USA aboard the S.S. Vancouver in November 1903. He later told the New York Times that he had gambled most of his money on the voyage to America. “I landed in this country with $2.50 cash and $1 million in hopes, and those hopes never left me.”
This young immigrant had charm, charisma and confidence. The details of his early life are difficult to verify but it is believed that he was fairly well educated having attended the University Of Rome La Sapienza.
Ponzi eventually found his way to get rich quick using a ‘loophole’ within the postal system. It was completely legitimate and involved the concepts of ‘Arbitrage.’
At the time, it was common for letters going abroad to include an international reply coupon ‘Voucher.’This voucher could be exchanged for minimum postage back to the country from which the letter was sent.
Thus, for example, if I sent my friend in England a letter, I could include a coupon so that he or she could respond back.
Sort of like an enclosed stamp.
Exchange and postal rates fluctuated worldwide and Ponzi saw that there was an opportunity to make a profit.
He only had to purchase a postal reply coupon cheaply in some foreign country, send it back to the U.S. in Boston where he was to swap it out for an American stamp of a higher value.
Then he could sell these stamps.
This arrangement was perfectly legal.
Ponzi started buying and selling postal reply coupons using agents in his native Italy, and he was making a good living doing it.
“…It was a time when anything seemed possible–instant wealth, glittering fame, fabulous luxury–and for a run of magical weeks in the spring and summer of 1920, Charles Ponzi made it all come true.”
“…Promising to double investors’ money in three months, the dapper, charming Ponzi raised the “rob Peter to pay Paul” scam to an art form.”
“…At the peak of his success, Ponzi was raking in more than $2 million a week at his office in downtown Boston. Then his house of cards came crashing down–thanks in large part to the relentless investigative reporting of Richard Grozier’s Boston Post.”
A classic American tale of immigrant life and the dream of success, Ponzi’s Scheme is the amazing story of the magnetic scoundrel who launched the most successful scheme of financial alchemy in modern history.
Leave a comment in the comments section at the end of this post.
Making it simpler, HYIP’s in the eyes of the novice investor represents a way to make huge amounts of money in a very short period of time without having to do anything but invest some hard-earned money.
In a Nutshell, D9 lured their victims into the program under the guise that the D9 club Executive Team was a team of highly trained and respected “Arbitrage Sports Trading’professionals that could provide an average daily return of 1.8%.
They also included a very comprehensive MLM plan to lure more victims more quickly.
They used Teams: “A,” “B,” and “C.”
Team “A” were the guys at the top (the originators).
Team “B” were the “leaders” that had access to Teams “C.”
Team “C” were the minions that aspired to be like Team “A.”
The Internet says that Long-term HYIP’s are the projects calculating 0.01% to 5.00% daily.
D9 was claiming 1.8% daily and was completely doable if they actually traded in Arbitrage. (Unfortunately, there is no evidence that this company actually traded at all).
Any project giving 5.00% or more can be considered short-term. So what is the attraction? I’ll tell you in a nutshell…’ Get Rich Quick.’ Most novice movers will lose. Those with a certain level of expertise will gain. This is a very dangerous game to play.
Let’s look into some background…because too many people get involved without knowing what they are getting into.
‘Get Rich Quick’ Schemes have mutated into an Online Monster. A ‘Network of Pitchmen’ and self-proclaimed “Guru’s” have used and are still using The Internet and the ‘Fear of Failing economies’ to play the ultimate ‘Long Con’ on innocent and unsuspecting people all around the World.
Internet Marketers that are trying to earn a living honestly are very small fish in a very large pond. We are basically just the small guys that work under a much larger business group called “The Syndicate.”
Yes, there is actually such a thing.
Scamworld – Must Watch
“The Syndicate” is a business group that uses digital marketing to sell get rich quick,work from home and self-help products.
Running time is approximately 15 minutes (it’s worth it).
Click on the image above to view Jay Neill’s profile at Wealthy Affiliate.
Jay Neill is a successful Online Entrepreneur and Businessman who Joined Wealthy Affiliate way back in March 2007. He owns and operates a Digital Marketing Agency in Victoria, British Columbia, Canada.
He and his team offer a variety of SEO and Online Marketing Services and together they work with clients to create marketing development plans specific to their business, individual styles, and budget.
He became the Wealthy Affiliate Live Video Training Coach back in 2012 and hosts a weekly 1-hour webinar every Friday Evening at 8 p.m. EST for Wealthy Affiliate Premium Associates.
Monthly memberships are also available @ $49.00 USD / $65.00 CAD per month with the first-month premium trial costing only $19.00 USD! $25.00 CAD to make sure that you want to continue with the learning platform.