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adhimas
New Member
4 Posts |
 Posted - 10/06/2004 : 14:25:30 [Permalink]
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I just read on PI forum about their Pay It Forward program. This program allows anyone to join PIPS even if they can't afford any money to register. All they have to do is to find a sponsor that is already a PIPS member. The registration is done (and paid) by the sponsor through his/her member site. They have to pay back this initial investment once their investment return reach the invested value (automatically.)
Here is the thread:
http://forum.pureinvestor.com/phpBB2/viewtopic.php?t=12494&postdays=0&postorder=asc&start=0
What a wonderful system they have.
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adhimas
New Member
4 Posts |
Posted - 10/06/2004 : 14:32:25 [Permalink]
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quote:
Originally posted by Gorgo
Charity!
Pray tell how one makes money by giving charity.
AFAIK, charity is only 10% from the DAILY PROFIT after month 5.
After reading the links, how can anyone still think that they are scam?
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Gorgo
SFN Die Hard
USA
5310 Posts |
Posted - 10/06/2004 : 15:01:21 [Permalink]
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| Again, how does one make money by giving away money? |
I know the rent is in arrears
The dog has not been fed in years
It's even worse than it appears
But it's alright-
Jerry Garcia
Robert Hunter
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Gorgo
SFN Die Hard
USA
5310 Posts |
Posted - 10/06/2004 : 15:15:50 [Permalink]
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Great. Will you sponsor me?
quote:
Originally posted by adhimas
I just read on PI forum about their Pay It Forward program. This program allows anyone to join PIPS even if they can't afford any money to register. All they have to do is to find a sponsor that is already a PIPS member. The registration is done (and paid) by the sponsor through his/her member site. They have to pay back this initial investment once their investment return reach the invested value (automatically.)
Here is the thread:
http://forum.pureinvestor.com/phpBB2/viewtopic.php?t=12494&postdays=0&postorder=asc&start=0
What a wonderful system they have.
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I know the rent is in arrears
The dog has not been fed in years
It's even worse than it appears
But it's alright-
Jerry Garcia
Robert Hunter
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adhimas
New Member
4 Posts |
Posted - 10/06/2004 : 18:43:53 [Permalink]
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quote:
Originally posted by Gorgo
Great. Will you sponsor me?
Ofcourse. When I become a member and I get back my initial investment and my profits exceeds $450 (approx. in 5th or 6th month.) Why don't you ask your friend? From your description about her, it looks like she has enough profits to help you try PI. If you post on PI forum, there will be many members who is eager to help you try.
The problem with PI is their previous MLM members, which promise 3 to 5 paid downlines in one month. That's where they got bad name. With PIPS, I only found happy members (and sceptics non-members  .)
There is no secret about PI, all information is provided in their active forum.
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beskeptigal
SFN Die Hard
USA
3834 Posts |
Posted - 10/07/2004 : 01:27:56 [Permalink]
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Ya, right. You pretend to put money in, then when your profits exceed the money you didn't put in, you put the money in then.
All this mumbo-jumbo, it isn't a pyramid, they do this, they do that, read this website, yadda yadda.
And no where is there a clear description of how the profits are actually being earned. Gimme a break. |
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Gorgo
SFN Die Hard
USA
5310 Posts |
Posted - 10/07/2004 : 04:56:36 [Permalink]
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No. Even putting nothing into it, I'd rather not be part of this scam.
quote:
Ofcourse. When I become a member and I get back my initial investment and my profits exceeds $450 (approx. in 5th or 6th month.)
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I know the rent is in arrears
The dog has not been fed in years
It's even worse than it appears
But it's alright-
Jerry Garcia
Robert Hunter
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Valiant Dancer
Forum Goalie
USA
4826 Posts |
Posted - 10/07/2004 : 06:05:32 [Permalink]
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quote:
Originally posted by adhimas
Some facts:
- PI have an MLM product. However, PI has been stop receiving new members for the MLM product. Checkout yourself by clicking regular membership link on their website http://www.pureinvestor.com. I don't know how about their last downlines.
- PIPS is another product of PI. It has run for at least 11 months. PIPS only give commissions to members and their direct sponsor (not a pyramid scheme)
- Some member websites still offering the old PI MLM product and some of them offering free 3 or 5 downlines which is never be a recommended way by PI.
- PureInvestor is a real company where you can visit their offices anytime in working hours. They held conventions everywhere around the world and their members meet them. Found in May (or March) 2002.
- Here are some review from a HYIP listing website: http://www.hyipinvestment.com
- You can find more info about them on their FAQ forum (where they are, how to contact them, where the money come from, etc.) http://forum.pureinvestor.com/phpBB2/viewtopic.php?t=13291
- How can the return so high? Here is the scenario: initial investment -> daily profits spread between admin fee, daily required reinvestment, daily optional reinvestment, daily optional withdawal, and charity (after 5th months.) You can vary (each day) how much do you want to put for optional reinvestment and how much for optional withdrawal. Where the daily profits come from? Read the FAQs.
I am not a member of PI, but planning to. I have done my research.
I've read the FAQ's. They don't say what investments (if any) they actually hold. Again, by law in the US, investment brokers must disclose what holdings they have as part of their quarterly statements and prospectus for each investment package.
Quite frankly, I can rake money in from testimonials from "happy investors" or shills (while quietly deleting dissenting voices on my own website) so that I can pay people some money in case they get skittish. Showing them the status of their "accounts" should keep most of the flock quiet. When they actually want money from their "accounts", I can always scare most of them by warning them of "lost profits" and "fees".
It still is claiming great return with no risk. This ain't how the world of investment works.
If it walks like a Ponzi scheme and quacks like a Ponzi scheme, it likely is a Ponzi scheme. |
Cthulhu/Asmodeus when you're tired of voting for the lesser of two evils
Brother Cutlass of Reasoned Discussion |
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Valiant Dancer
Forum Goalie
USA
4826 Posts |
Posted - 10/07/2004 : 06:26:57 [Permalink]
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quote:
Originally posted by adhimas
quote:
Originally posted by Gorgo
Charity!
Pray tell how one makes money by giving charity.
AFAIK, charity is only 10% from the DAILY PROFIT after month 5.
After reading the links, how can anyone still think that they are scam?
Sounds of incredulity at a skeptics site actually questioning the nuts and bolt of unsubstantiated claims. Who'da thunk it.
As "charity" is not defined nor is it optional (from your postings), how do we know that it isn't the charity to limit the Ponzi scheme's founders losses due to skeptical investors pulling out?
It is a common scheme for a street huckster to have a shill hiding in the audience who expresses excitement and complete trust in the huckster so as to convince others in the audience to fall for the scam. Why should I believe that you aren't a shill?
So far, we've been admonished to "check out facts" from Hally8296 who posted only in this thread and hasn't been back since. When we did and press that user for answers, they disappeared.
And how do you explain this unhappy investor?
http://www.ripoffreport.com/reports/ripoff31433.htm
It is very important to note that the scammers..... I mean company is not registered with the SEC. |
Cthulhu/Asmodeus when you're tired of voting for the lesser of two evils
Brother Cutlass of Reasoned Discussion |
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copagobo
New Member
1 Post |
Posted - 10/07/2004 : 18:16:06 [Permalink]
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| I was about to invest in this place but people are starting to complain on their forum about not getting their withdrawls. Hmmmmm, looks like the cookie is crumbling. Some people have been waiting months for a check. |
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Renae
SFN Regular
543 Posts |
Posted - 10/07/2004 : 19:09:28 [Permalink]
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| So which is it: gullibility or greed that makes people send money to strangers in Malaysia? |
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caveman
New Member
1 Post |
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Valiant Dancer
Forum Goalie
USA
4826 Posts |
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rova
New Member
1 Post |
Posted - 10/08/2004 : 07:12:17 [Permalink]
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I have been looking at this scheme for a while now - very clever, with enough people getting their money to keep the thing afloat - with the greedy reinvestors going to get stung in the long run.
It looks like the new 5-year plan is designed to prolong the life of the scheme - enticing the successful short-term "investor" to become a greedy reinvestor - and hence keep the the whole thing going.
Yes, it is a scam. If a return of 2% per day was possible, Wall St. would simply stay in bed every day.... |
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R.Wreck
SFN Regular
USA
1191 Posts |
Posted - 10/08/2004 : 14:59:57 [Permalink]
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quote:
So which is it: gullibility or greed that makes people send money to strangers in Malaysia?
Yes. With a healthy dose of stupidity thrown in. |
The foundation of morality is to . . . give up pretending to believe that for which there is no evidence, and repeating unintelligible propositions about things beyond the possibliities of knowledge.
T. H. Huxley
The Cattle Prod of Enlightened Compassion
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