My friend Ethan Vanderbuilt asked me to investigate this; I must say that I had not heard of it until today. Being a Private Investigator, it did not take me long to figure this one out.
I am going to go all out on this one and say “yes” it is a scam, but more like a Ponzie Scheme. I hate to let the cat out of the bag so early in the post, but there are some things I need to remind people of when it comes to making a decision on investing in any program.
1) Can you buy the product without joining the program and becoming a distributor? This is major, even if you have no intention of buying the product. If they do not offer their product to the general public without signing up to the program, most likely it is a scam. You cannot just buy advertising with Banners Broker.
2) Can you get all the information about the company without joining? Legitimate companies have nothing to hide and are more than glad to provide any information you request. Banners Broker will only reveal limited information without signing up and you must have a sponsor.
Those are the 2 main points one must consider before getting into any business opportunity and Banners Broker failed on both counts.
Banners Broker is a Ponzie Scheme
According to their promotional video, this is a strait line cycler. A multi-level system with just one downline. This is just a complicated way to promote a Ponzie Scheme. Notice how they say “take $20 and double it multiple times to $10,000? These kinds of claims are illegal.
If you live in the U.S., money cyclers are illegal. I will say this again, it is another term for Ponzie Scheme or HYIP (High Yield Investment Program).
This company is based in Belize, another red flag. Belize is the place to register your business if you want to run a Ponzie Scheme. They have very little restriction on this kind of activity.
Here are some of my other findings in my investigation, the most important one being who owns the company. The sales video says that a mathematical genius by the name of Chris Smith owns the company. A little convenient don’t you think? A name as common as John Smith and he is not the handsome young man pictured in the video.
As you can see, the real Chris Smith is nothing like the stock photo. I tried to do more research on who Chris Smith is, but that name is real common and is overshadowed on the internet by the famous ball player and a musician.
By the way, the Irish people are really pissed. He scammed many people in Ireland and the Government of India has shut him down.
They say that you do not have to recruit people to make money, but from the reviews I looked at, that is the only way to make the big money or even any money of consequence.
Many people are complaining about not getting paid, while others are saying they have made lots of money. I tend to believe the ones that say they have not been paid. Most Ponzie schemers will pay their most productive people toward the end to keep the money coming in and give testimony.
My research has shown that this company is on the verge of collapse and they are struggling to keep it going. They are laying blame on negative bloggers really heavily. We hear the excuses all the time that people are too lazy and stupid to do the work. These people are claiming that people are jealous of their success. If you have an upstanding business, then you would not have to worry about that.
Conclusion; BIG SCAM PONZIE SCHEME!! STAY CLEAR!!!
Why some people want to pay big money for something they can get for free is beyond me.
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