English:

Some years ago I was investing in these “programs” (I should call them: scams) and I recommend you to be careful if you think to invest in them. If you don´t mind to lose all your money, hoping to gain some profit before they dissapear, then do it but please follow these steps:

1.- Invest when the program is beginning and it´s not offering a great profit every month. It´s good if they offer about 15%-40% monthly.
2.- Invest only a few amount of your money, I mean: the money you don´t need in your life and think that this money can be lost entirely.
3.- As soon as possible withdraw your initial investment from your earnings, and then “play” only with the rest of your earnings, and of course withdraw these earnings from time to time. Then you are at risk 0. If you see that you will not be able to win the same amount you invested during the time that your initial invesment is paralyzed (you are not allowed to withdraw it), then do not invest in this ponzi.

Some of these ponzis working right now:
The Stoic, Largesum, Bama Investment, Safe Atom, Olympex, E-bcp, EcapitalFund, etc…

many of them post to trade in Forex or Commodities. You should know that nobody can give you a fixed profit and always waining money. In the real life, trading in Forex or Commodities, there are months when you will lose some money and other months you can gain a good profit. What it´s important is to make profits at the long term. It´s not easy to be a good Trader, believe me. Do not trust so much when someone tells you that he´s always gaining money with his/her trading.

Be careful where you invest!

Español:

Hace algunos años yo invertía en estos “programas” (debería llamarlos más bien: estafas) y os recomiendo que tengáis mucho cuidado si estáis pensando hacerlo. Si no os importa perder todo vuestro dinero, esperando ganar algún beneficio antes de que desaparezcan, entonces hacedlo pero por favor seguid estos pasos:

1.- Invierte cuando el programa está empezando y siempre que no ofrezca unas ganancias exageradas o un enorme beneficio mensual. No está mal si ofrecen de un 15% a un 40% mensual.

2.- Invierte sólo una pequeña cantidad de dinero, quiero decir: el dinero que no necesites para tu vida diaria y piensa que este dinero podrías perderlo por completo.

3.- Tan pronto como puedas retira tu inversión principal de tus ganancias, y luego “juega” únicamente con el resto de tus ganancias, y por supuesto retira de estas ganancias cada cierto tiempo. De esta forma tu riesgo será ya 0. Si ves que no podrás ganar la misma cantidad que invertiste durante el tiempo que tu inversión principal está paralizada (no te permiten retirarla), entonces no inviertas en este ponzi.

Algunos de estos ponzis que funcionan ahora mismo:

The Stoic, Largesum, Bama Investment, Safe Atom, Olympex, E-bcp, EcapitalFund, etc…

muchos ponzis postean que están tradeando en Forex o en Commodities. Deberíais saber que nadie puede daros un beneficio fijo o estable y siempre ganar. En la vida real, tradeando en Forex o en Commodities, hay meses donde podrás perder un dinero y otros meses donde podrás ganar un buen beneficio. Lo que importa es ganar más que perder a largo plazo. No es fácil ser un buen Trader, creedme. No confiéis mucho en alguien que os diga que siempre está ganando con su trading.

¡Cuidaos mucho de donde invertíis!

English:

Some member asked me by email what I think about Imperiainvest and I want to give you my opinion here.

First of all I imagine that you heard this sentence before: “if something is too good to be truth then it´s not true.”

Well, do you really think that paying $50 you will receive $80.000?. And some other nonsenses:

“In conclusion it is to say that a TEP investor can receive a loan of 80,000 US$ with a one-time investment of US$ 50. Plain And simple. This loan should be used for trading on the financial markets emphatically. We have created a proper platform for that issue to give you daily profits of 1.2%, which are guaranteed by money market arbitrage situations.”

1,2% daily trading in arbitrage???, their own platform?. It´s too much for me and for someone else. If that was true then all of us would be millionaires!.

It´s a total scam based in Global Pension Plan idea. I think that they will receive a lot of members paying $50 and when they get enough money then they will dissapear without paying 1 cent. As you know many people will pay $50 because it´s few money with the illusion to receive that great amount. Don´t do it: you will lose this $50 and of course forget your illusions to be paid.

Español:

Un miembro de este programa me preguntaba por email mi opinión sobre Imperiainvest y quería dar mi opinión aquí.

Lo primero es que imagino que ya has oido alguna vez esta frase: “si algo es muy bueno para ser verdad entonces no es verdad”

Bien, ¿de verdad pensáis que pagando $50 vais a conseguir $80.000?. Y algunas otras tonterías:

“Concluyendo se puede decir que un inversor TEP puede recibir un préstamo de $80.000 con una simple inversión de $50. Así de simple. Este préstamo debería usarse posteriormente para tradear en los mercados financieros. Hemos creado la plataforma apropiada para ello y para daros unos beneficios diarios del 1,2%”, que son garantizados por situaciones dadas en el mercado de dinero por arbitraje.”

¿1,2% diario en arbitraje?, ¿su propia plataforma?. Es demasiado para mi y para cualquiera. Si eso fuera cierto todos seríamos millonarios.

Es un scam total basado en la idea de Global Pension Plan. Creo que captarán muchos clientes pagando esos $50 porque se trata de poco dinero con la ilusión de conseguir una gran cantidad. No lo hagas: perderás estos $50 y por supuesto olvida la ilusión de que te paguen.

Take a look at the updates in Jude´s Forum and Blog about this ponzi if you think to recover your funds from it.

Starting from this blog entry, please comment on how much have you spent on Club-FX with your email contacts and I’ll add you to the list.

Either we get back our money or we’ll report everything to the relevant authorities where Peter Buchner is residing in.

You can read more in these links:

http://nobsnetwork.net/no-bullshit-hyip-blog/907-club-fx-recovery-plan.html

http://hyipblog.nobshyip.net/2007/05/23/club-fx-trader-recovery-plan/

http://hyipblog.nobshyip.net/2008/01/02/club-fx-recovery-plan-2/

If you were an investor scammed by the Admin of Fx-Experts (Marcos Matos) you will find his real documentation in Jude´s Blog, here is the link:

http://hyipblog.nobshyip.net/2007/09/29/fx-experts-matos-marcos-information/

I was also an investor in this program but I invested few money: about $250, and although compounding my money my balance was higher maybe it´s a waste of time to recover my money with this little amount.

I hope you can make what you consider necessary to retrieve your funds. I am tired of scammers yet.

If you are/were an investor of this program I would like to know if it´s working with Managed Accounts or not yet (he finished with the Pool some time ago), and if you are receiving news from the Admin.

As I know the website is not working and emails are being returned without an answer, so I think that this program has dissapeared as many other programs out there. I know that this Admin was really trading (I entered in one of his Forex accounts to check it) but as you must know it is not a proof nowadays if the Admin of some program is not a honest person.

The good news are that I have the documentation of this Admin and if he has dissapeared completely I can send you his documents and you will do what you consider necessary to retrieve your funds, but first I need a proof to show me that you were a real investor in this program.

He began telling the investors that he was losing in his trading because it was not going well the carry trade strategy, then he promised to return the funds in some months, not the profit: only the funds. In my Forum I was helping these investors and thinking what to do because we considered him a scammer who wanted to make some profit with the funds of other people, not giving profit and only returning the money.

Well, he really returned some funds in the first months but now he has dissapeared (the website is not working and emails are being returned). All investors and myself never saw a proof of his losses (and he didn´t want to show it) and the investors decided that it was better to wait for these partial returns than contacting a lawyer.

In a private section into my Forum I have posted a link to all investors that I know they were in this program to download the documents of this Admin.

My position is to give his documents to the investors who could have lost money with him. Although I promised him not sending his documents to anybody it was supposed that it was in other conditions, not scamming people.

Please if you have some news from this Admin contact me.

Thanks.

The well known blogger Jude will move his Blog from Hyip programs to Real Investment Programs. My opinion is that it´s the right way nowadays. As you know almost 100% of Hyips are only ponzis.

Whilst my eyes and ears are still on the look out for any high yield investments that are possibly legit, I’m sad to say that my zest for HYIP games has gone down to negative tolerance.This blog will no longer cease to exist and will be renamed to No Bullshit Invest instead within the next few days. These entries are going to be ported to the new site, and I wouldn’t be touching on HYIP subjects unless they’re really sensitive or require warning (scams etc).

To all my readers who has been following this publication for the past 2 years, thank you. If you would, could I suggest you guys follow me with the new publication? Sign up with our mailing list for first hand information to see where will we be shifting, or there’s still Nobs Network Forum for you to hang.

E-gold accounts from this program were seized on April 2007 before going private:

Total amount seized – over $1.7 MILLION dollars

I recommend you to read these two links about what’s happening with Legisi:

Alan’s Blog and Scam.com

The transaction history shows that, while there were some payments out to investors (generally in the tens to hundreds of dollars), the vast majority of funds were simply taken out of the account for use by McKnight.Approximately 5440.90856 grams ($3,443,852.80) was exchanged out for national currency through Omnipay orThe Bullion Exchange. Another e-gold account, number 2828872 in the name of “LIDO Consulting LLC” and also controlled by McKnight, received 892.133009 grams ($550,000) from account 2636005.

Identified e-gold accounts operating pyramid schemes

e-gold accounts 2636005, 2825136 and 2828872

(Legisi Holdings LLC)

46. e-gold accounts 2636005, 2825136 and 2828872 are accounts purportedly owned by Greg McNight of Swartz Creek, Michigan in the name of Legisi Holdings, LLC. These accounts are used to operate the Legisi pyramid investment scheme, which has been operating since December 2005 via the internet website www.legisi.com. This program describes itself as “a private, members-only High Yield Return-on-Loan program. . . . Our members loan us funds, choose their repayment and enjoy the interest payments.” This scheme offers investors two programs in which to invest their money, including the “Standard Loan” which has a minimum investment of $250 and no maximum. At the end of the four month term, investors are told they can withdraw their principle investment with 10% a month interest paid, or chose to leave their money in the system and continue to earn 10% a month. The second program offered is the “VIP Loan,” in which the minimum investment is $10,000. The term of the investment is for one year, and at the end of the year, the investor can withdraw their money or leave it in the program and receive a 12.5% monthly return. Legisi also encourages investors to recruit others to invest in the programs by paying a 5% referral commission on all funds that are put into a new account The operator of the scheme – Greg McKnight, according to the website – states on his website that investors who may be seeking to refer other investors should never o use the “investment,” “Tax,” or “Guarantee.”

47. As of March 13, 2007, Legisi e-gold account 2636005 was the highest value egold account after the e-gold operation’s own accounts (e-gold, Ltd. and OmniPay accounts), containing approximately 1485.12508 grams ($978,845.94) worth of e-gold. An analysis of account 2636005 was conducted and yielded the following results: The account was created in December 2005 and transactions can be seen up until March 12, 2007. Approximately 11,254.25814 grams ($7,022,258.77) in funds in 1,556 transactions occurred into the account with notations in the memo field such as: “Deposit to www.legisireserve.com User ChuckieM”and “Withdraw to Robert Williams from Legisi.com.” The transaction history shows that, while there were some payments out to investors (generally in the tens to hundreds of dollars), the vast majority of funds were simply taken out of the account for use by McKnight.

Approximately 5440.90856 grams ($3,443,852.80) was exchanged out for national currency through Omnipay orThe Bullion Exchange. Another e-gold account, number 2828872 in the name of “LIDO Consulting LLC” and also controlled by McKnight, received 892.133009 grams ($550,000) from account 2636005.

48. A second Legisi e-gold account, number 2825136 had a balance of 375.641569 grams ($247,585.36) on March 13, 2007. Analysis of this account, also held in the name of Legisi Holdings LLC, was conducted and yielded the following results: Transactions in the account occur between September 2006 and March 2007. Approximately, 1,315 transactions occur involving the transfer of funds into the account with a value of 7498.626704 grams ($4,699,786.63), and include notations in the memo field such as: “Deposit to VIP fund.” Most of the funds received into this account, amounting to approximately 5365.237044 grams ($3,385,048.00), were transferred to Legisi’s account 2636005.

49. A third Legisi e-gold account, number 2828872 received approximately 3724.00066 grams ($2,499,806.00) worth of e-gold from accounts 2636005 and 2825136, both of which were used to receive investor deposits. Analysis of account 2828872 showed: 116 transactions occur into the account with a total weight of 4866.42213 ($3,237,669.14), four of which come from account number 2636005 totaling 3348.77982 grams ($2,240,805.00). Three of the116 transactions come into the account from e-gold account 2825136 with a weight of 375.22084 grams ($259,001.00). There were approximately 149 transactions out of the account with a total weight of 2208.24154 ($1,374,323.44). The smaller transactions out of the account appear to be payouts to keep investors satisfied, while the larger withdraws are to OmniPay for exchange. Shortly before its value was seized, e-gold account 2828872 was one of the greatest valued e-gold accounts, containing approximately 2657.54163 grams ($1,804,205.01) worth of egold.

From the forfeiture case filing of 7/24/2007

Case 1:07-cv-01346-RMC Document 1 Filed 07/24/2007

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA UNITED STATES OF AMERICA,
c/o United States Attorney’s Office
Judiciary Center Building
555 4th Street, N.W.
Washington, DC 20530

ALL PROPERTY IN/UNDERLYING E-GOLD ACCOUNT NUMBERS: 2636005, 2825136 AND 2828872,

VERIFIED COMPLAINT FOR FORFEITURE IN REM
The United States of America, by and through the United States Attorney for the District of Columbia, respectfully states as follows:

1.This is a civil action, in rem, brought to enforce the provisions of 18 U.S.C. §981(a)(1)(A), which provides for the forfeiture of any property involved in a transaction or attempted transaction in violation of 18 U.S.C. §§ 1956 and 1960, or any property traceable to such property. This civil action, in rem, also seeks to enforce the provisions of 18 U.S.C. §981(a)(1)(C), which provides for the forfeiture of any property which constitutes or is derived from proceeds traceable to a violation of any offense constituting “specified unlawful activity” or a conspiracy to commit such offense.

DEFENDANT PROPERTY

4. The defendant property is: All property, accounted for as an amount of “e-gold” in, or underlying, e-gold account(s) 2636005, 2825136 and 2828872, on or about April 26, 2007 and May 4, 2007, and now reflected as U.S. dollars.

The E-GOLD operation records the individual or entity opening or directing the e-gold account(s) related to this forfeiture matter as: Legisi Holdings LLC.

5. On or about April 25, 2007 and/or May 4, 2007, seizure warrants were issued by this Court authorizing seizure by federal law enforcement authorities of the property accounted as e-gold and contained in or held on deposit in the e-gold account(s) numbered and identified as indicated above. These warrants required entities operating the E-GOLD system – Gold & Silver Reserve, Inc./OmniPay/e-gold, Ltd. – to convert or exchange the relevant e-gold into funds denominated as United States currency.

Law enforcement officers served the warrants at the offices of Gold and Silver Reserve, Inc., on or about April 26, 2007 and on or about May 4,2007, and left copies of the warrants with Douglas Jackson, or other company officials, on each occasion.

The defendant property herein was seized pursuant to one or more of these warrants.

6. Post-conversion, the U.S. dollar value of the property recovered pursuant to the warrant(s) concerning the e-gold account(s) at issue here was $1,769,264.19.7.

The defendant property is now in the custody of, and under the control of, the United States Department of the Treasury, in Washington, DC.

I don’t know if you read one article that I posted some time ago about what I considered a new strategy from scammers, please take your time to read it here

I don’t know if PeterB read my post to get the idea but I think that he is using the same strategy to scam all his investors.

It’s an intelligent method to scam people and be out of jail, and of course most of the investors will try to keep their mouths closed hoping to receive their funds, although they will not gain a profit with it.

So, a scammer can make profit with the funds of the investors while he is only returning the original deposit from time to time. And even he can be considered a hero saving the funds with some excuses without a proof: e-gold hacking, change in laws, SEC, etc…

If a scammer tells you one of these excuses please: TRY TO GET A PROOF!!, I am sure that these scammers will not show you a real proof of hacking or something like that. In this example with Club-FX, PeterB has not showed a real proof (and what he showed seems to be a false e-gold screenshot without more explanations) , he has not opened the Forex account in read-only mode to show all his investors some proof of trading or history in this bad situation: NOTHING.

Is it difficult to let the investors enter as read-only to see if he was getting 20% monthly as he was claiming or anything else?: NO

Perhaps it was only a bad Forex Trader who lost a lot of money and this is his solution to recover the funds. Who knows…

But… do you really think that he is telling the truth?

Some days ago I was posting about this program and what it seemed to be some red flags. Now you can see a curious sentence in this website:

This Domain is for Sale

FAPIC INVEX E-BASTION TROYBANK ITRADE4U OPENTRADE are our most famous projects! Thank you to have helped us to achieve them, and see you soon for the next one! Shalom, David.

Red Flags or DDOS attacks?

From old updates to new ones:

Dear Investors,

Here is what the technicians at the datacenter told, about 8 hours ago:

“This is a service-based (http) attack that uses 10.000+ drones average and keeps adding/removing IPs, having over 60.000+ IPs involved. Even though it’s not using a lot of bandwidth (less than 5 Mbps), it sends 9000 http requests/second to your webserver overloading.”

I do not understand all but 9000 HTTP requests a second is a lot

Technicians are still working on the case. In the same time, my brother is working hard too to setup the “secret” server. The domain name will change, and the access will be restricted to active Investors. Please understand that I can not give any information about it now, as it is probable that the people who attack the server are also reading THIS email!

I will keep you informed, anyway! I will begin by remove from my email database all addresses of people who have a null balance in my program, as all addresses that I can identify of monitor sites. It means that the next mailings will be received only by ACTIVE Investors.

Be sure that the program will continue, and that nobody won’t lose one cent!

Thank you for your patience,

Liz Waren

Dear Members!

Well I had to take drastic decisions, as the technical staff cannot
block the attacks; they thought it would be good about 4 hours ago, but
attacks came back stronger.

In contact with my brother who is developing the new “secret site”, I
decided to not bring back the itrade4u.biz domain immediately, but to
wait the “secret site” to be ready. It will open, I can announce you with
100% certitude, on Monday June 18th. The domain names have been
purchased, 2 dedicated servers have been booked, and my brother promised me to
complete the job before Monday. So on Monday, my program will be back
online.

Each Investor who has a balance of at least $10 will receive an email
with the server address, and a new password to enter. This new password
will be only to enter, the current password will be used to manage the
account as earlier.

Each Investor who has a balance less than $10 will receive a full
refund by e-gold before Monday. If he wants to join the new site, he will
have to immediately send at least $10 by e-gold. He will then receive the
details as told above.

Each Member who has a null balance will not receive any detail, and his
itrade4u account will be deleted. All accounts identified as being
owned by monitoring sites will also be deleted.

I will not accept new Investors until the end of June. After, new
Investors will be welcome only if they are introduced by a current active
Investor.

Members who have a positive balance and who did NOT receive my email on
SUNDAY evening, please email me at liz.waren_AT_gmail_DOT_com ON SUNDAY
EVENING OR LATER (NOT EARLIER!) with your itrade4u Login and account
number (e-gold or e-bullion). Emails on this topic BEFORE SUNDAY EVENING
will be deleted.

Members who entered false email addresses, sorry but you will have to
wait the middle of next week to get your access to the new site.

In the new site, e-gold and e-bullion investments will be managed in
the same way, with variable compounding rate and automatic daily
payments. The forum will be here too as earlier, Members will be automatically
registered. The Support Center will be back too of course.

The attacks make trouble only on the http connections. I have full
access to the files, and the daily profit of Thursday and Friday has been
credited to your accounts.

All pending payments are going to be processed before Monday, the only
problem is that as http://itrade4u.biz is not available, the e-gold
website that sends automatic messages to update your account after each
payments, cannot do it. It means that payments must be done manually as
the update of accounts. For this reason too, the automatic daily
payments will not be processed on Thursday and Friday, all accounts have been
put in 100% compounding.

ALL operations will be resumed normally on Monday.

All pending payments by bank transfer were sent and should all arrive
on Friday. If you submitted a payment by BANK TRANSFER (and only) and
you didn’t receive it on Friday evening, please email me at
liz.waren_AT_gmail_DOTcom. Please ONLY for pending payments by BANK TRANSFER!!!

Well it is nothign to say how I feel at the same time sad AND confident
as things will be back quickly now. I apologize for this situation, I
made the error to believe that the hosting company was really able to
block attacks, they advertised on this topic and my brother elected it on
this point! Anyway we must now think positively, and I am very grateful
for your support, I could read a lot of messages by email, be sure I
appreciate your support!

Thank you, THANK YOU for your patience! We will soon be back together!

Sincerely,

Liz Waren

Dear Members and Investors,

Here are the replies to your questions; sorry that I cannot reply by email individually.

* Those of you who already sent a bank wire will of course automatically be added to the ACTIVE Members, even if their account had a null balance when the website came under attack.
* I have a lot of requests of people who want to join NOW, as they are afraid not to be accepted on the future website. I finally decided to accept them.

If you want to join now and invest by e-gold, send your initial investment to my account 3932680 and in the memo write your EMAIL ADDRESS. Nothing more, JUST your email address!

If you want to join now and invest by e-bullion, send your initial investment to my account C98925 and in the memo write your EMAIL ADDRESS. Nothing more, JUST your email address!

If you want to join now and invest by bank transfer, send your initial investment to the usual account, THEN email me with your full name and the amount sent.

In both cases, your account will be created on Monday or Tuesday and you will receive an email with the new website access details.
* About protection against attacks: The new 2 servers are hosted in a company that is a specialist of protection. FYI, the cost of hosting is more than $5000 by month, I was caught once with low-cost “protection services” that do not protect anything, I won’t do twice the same error.

* I received thousands of emails in my mailbox and it is a bit hard to filter them, between the advertising for scam-monitoring-sites, ads to buy Viagra online (yes, yes!), and YOUR messages. So please don’t blame me if I do not reply to you individually, I anyway read all your emails.
Thank you for your patience and support!

Sincerely,

Liz Waren

Dear Members,

I was told some hours ago that there are problems with the new domain at the datacenter in Central America. In fact the domain CAN open BUT the protection security system I asked to setup is not completely ready yet. That is why I asked to delay the re-opening of the domain, as I do not want to risk to get in trouble again with attacks if the protection system isn’t ready. I am sure you will understand this, better to wait maybe 24 hours more than to run now, and to be in trouble for one week more tomorrow or after tomorrow!

Be sure that I am also angry about this situation, but am sure that it will be fixed soon.

Thank you again for your patience,

Sincerely,

Liz Waren