If there were away for you to make a one time $100 out of pocket investment where you could retire within a year would you make that investment. Would you think it would be to good to be true?
Thanks
Larry
If there were away for you to make a one time $100 out of pocket investment where you could retire within a year would you make that investment. Would you think it would be to good to be true?
Thanks
Larry
There are always folks hoping someone will think its true.Originally Posted by Larry Parsons
Loving God . . . Loving others.
If it isn't too good to be true, send me the details right away!
(It is obvious to me, without even knowing what it is, that it must be too good to be true! On the other hand, even if it is a risk, you are only talking $100. I have heard that those who gave $1000 to that crazy Arkansas fella named Sam Walton in the early 1960's were millionaires in a few years. We just don't hear about those that gave $1000 to Joe Schmoe though!)
BILL
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I am already retired. I wouldn't "invest" in something that would make me go back to work for a year!!
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hmmm... is it an ethical investment? Does it involve lowering my standard of living to the point that I can survive on the interest generated by $100? Is it some kind of MLM Scheme?
Obviously, if such an investment were possible, and moral, I'd make it, but I really don't see it happening with any measure of guarantee.
Hmmmmmm ... Needy, but won't pay people to let me work ... they, on the other hand, need to pay me!
Life beats down and crushes the soul and art reminds you that you have one.
~ Stella Adler ~
~ ~ ~ ~ ~ ~ ~
It takes a great deal of maturity to accept that trying to eliminate all risk eliminates life.
~ Susan Lapin ~
Bill, I will PM you the details in the couple of days and anyone else that would like to take a look. Here what I did I invested $120 on April 17 today in my account I have $332.00 if we minus $120 then I made $212 In next few days I will take the money that I have made and reinvest it to earn more.If it isn't too good to be true, send me the details right away!
(It is obvious to me, without even knowing what it is, that it must be too good to be true! On the other hand, even if it is a risk, you are only talking $100. I have heard that those who gave $1000 to that crazy Arkansas fella named Sam Walton in the early 1960's were millionaires in a few years. We just don't hear about those that gave $1000 to Joe Schmoe though!)
BILL
Thanks
Larry
Post Thanks / Like - 1 Thanks, 0 LaughingBill Morrison - "thanks" for this post
Dave, There is no work to a investment you just watch your investment grow.
Thanks
Larry
I would be interested in at least taking a look.
Larry, evidentally you have not made the same kind of investments that I have. All good investments involve work. I can't think of a totally "passive" investment that I have made that has yielded a good return. Even if the work is only monitoring an investment to determine when to sell, it requires work.
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Sure, send me the info...but why send it privately? Is it a secret of some kind?
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I suspect that it is too good to be true! There is no such thing as making an "easy dollar"! IMHO, there has to be either a large element of risk or a lot of time promoting a product to sell or in supervising (in the case of Pyramid schemes) and motivating your "sales team".
Somehow I'm thinking that I would end up ahead by leaving the $100 in the collection plate.
-Jim
To know and to serve God, of course, is why we're here, a clear truth, that, like the nose on your face, is near at hand and easily discernible but can make you dizzy if you try to focus on it hard. But a little faith will see you through.
Garrison KeillorPost Thanks / Like - 2 Thanks, 0 Laughing
Just my opinion but:
Quit while you're ahead... It has fraud written all over it!
Wilson
"But by the grace of God I am what I am." (1 Cor. 15:10)Post Thanks / Like - 1 Thanks, 0 Laughing
Jim, the company is offering $1000,000 reward if anyone can a flaw in the Math. You do not make your deposit with your credit card. You deposit your money through Alert Pay or solid trust pay. You can withdraw your earn everyday it just has to be $20 or more. I have made $120 investment as of the day I have earn $213 and in next 14 day I will earn another $85.00 So At the present time there is no way I can lose.Somehow I'm thinking that I would end up ahead by leaving the $100 in the collection plate.
Thanks
Larry
Huh? How can you know ahead of time what you will make? Do you mean that $85 is known, because of sales already made that will take those few days to get deposited to your account? Rather sounds like that ... ??
What do you mean, btw, saying they will give someone $1,000,000 to find the flaw? Tell us where to look! I could use the $$, needing a home realy badly!
Life beats down and crushes the soul and art reminds you that you have one.
~ Stella Adler ~
~ ~ ~ ~ ~ ~ ~
It takes a great deal of maturity to accept that trying to eliminate all risk eliminates life.
~ Susan Lapin ~
I'm pretty sure that Larry is referring to a program called "Just Been Paid," or "JSS Tripler."
I haven't been able to figure out exactly what the program is... just lots of websites of people who want you to buy into it, using their promo code. I suppose that in order to make any significant money, you'll also have to get people to sign up for it.... and so on. And so, while it's probably possible to make money, I suspect that those who make money do so at the expense of those who lose money.
However... I haven't actually found any information about how it really works... so all I've offered above are my suspicions.
Grace and Peace,
Jon Twitchell
Cape Elizabeth Church of the Nazarene | YourChurchWeb.net | YourChurchPianist.net | FuneralChaplain.comPost Thanks / Like - 1 Thanks, 0 Laughing
Jon, what I like about the program you do not need to sign up people or sell anything.Yes the company will pay you a fee for every person that you do sign up.but you do not have to for you to earn money. I made my first of $120 deposit on 4/17/12 and today I have over $300 in my account. Jon I'm earning 2% mon- Fri and 1.5% sat and sun. In next few day I will reinvest the $300 I have earn I will start earning 2% on the $300 and what I make on the $300 in the next two month I will reinvest that. Remember is compound interest Jon I have sent a PM
Thanks
Larry
This makes me sad to read
Why?
Thanks
Larry
Larry, it is a "ponzi scheme." Like all ponzi schemes the people who "invest" early make a high return. I have seen the same program in different packages many times. It always ends in grief.
I learned about these kinds of deals early in life, because my own parents lost all of my mother's inheritance in just such a scheme. I have seen it dozens of times since then. Those who invest early will make great returns, then just when things seem to be going well, the government will shut it down (afer all it is a clear violation of the securities laws). The promoters will blame the government, but it will be the "investors" who bear the loss.
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I did a little searching on the internet. There is no doubt in my mind that "Just Been Paid" is a ponzi scheme. For some who have not previously been involved in such schemes, let me give you an example of how they work.
The most recent such scheme to impact the Church of the Nazarene was Productions Plus, a company run by Pricillia Deter. Her "business" was a movie making company. Her story was that she was making so much money in her movie business that she needed to find a way to reduce taxes. "She would rather see her money go to churches than to the government." She argued that interest paid on business loans is tax deductable; therefore, she would borrow money from churches and pay very high interest rates. She even presented a letter from a well-known Nazarene leader saying that he had checked it out and knew that the deal was legitimate. She promised that she wouldn't even use the funds. The funds would stay in the deposit account until the church needed it returned. What she didn't say was that the deposit account was used as collateral for loans. She borrowed large sums of money using the deposit accounts as collateral. When the government stepped in and closed Productions Plus, she defaulted on the loans and the banks got the deposits. The investors, including many Nazarene churches, suffered loss.
This same pattern comes up over and over. I don't yet know enough about this particular scheme to explain how it works, but there is no doubt in my mind that it is a ponzi scheme. The governement will step in soon and investors will lose their investment.
Note:
I apologize. In my post I said that Phyliss Deter was behind Productons Plus. I was mistaken. It was her twin sister, Pricilla Deter.
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If you have an interest in such things, read this article: Fleecing the Faithful:
http://www.afriendlyletter.com/fleecing.htm
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A good thing about the Just Been Paid program is that you can earn whether people join you or not and this is not true with a pyramid or a Ponzi scheme because you don't need a downline of any kind to make money with Just Been Paid.
What we need to understand what exactly is a Ponzi scheme is. A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors and to use for personal expenses, instead of engaging in any legitimate investment activity.
So how does Just Been Paid fit into this? Just Been Paid has numerous products and will be providing an advertising service over the internet. Just Been Paid also operates in accordance with United States Patent 6,578,010. Just Been Paid also allows you to collect a daily 2% Monday thru Friday and 1.5%return on your investment and it also has a restart feature which makes the program indefinitely sustainable. This means that the investors do not have to worry about recruiting new members nor rely on new member’s money to fund their own payouts. In Ponzi schemes, the money from new members is used to pay existing members and it collapses when new members are no longer coming in and people who are heavily cash out. Here a web-site that will give you more detail if anyone is interested. http://tinyurl.com/73nar7h
Thanks
Larry
Brother Larry, I believe that you are being deceived, and I pray that you will seek the Spirit's guidance with an open mind before you "invest" any more money in this scheme.
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Larry, explain what you understand "operating in accordance with United States Patent 6,578,010" means. That is gobbeldegook!
You are being fooled by an off shoe ponzi scheme. You are exactly correct when you say that the money from new investors is being used to pay the existing members. Where else would the money come from?
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Why does it say on that page the lowest is $1000, and you have said it started with just $100? 'Sure you put in only $100, or did you find nine other people to go with you at $100 each? Just does not sound good/right. Be careful.
Life beats down and crushes the soul and art reminds you that you have one.
~ Stella Adler ~
~ ~ ~ ~ ~ ~ ~
It takes a great deal of maturity to accept that trying to eliminate all risk eliminates life.
~ Susan Lapin ~
Larry, I did a google search on "Patent 6,578,010." What I found is the patent is simply for computer software that keeps track of multi-level accounts. It is basically an accounting system. The note says that the software is now in the "public domain" which means that anyone can use it. When they say that they are conducting their business in accordance with Patent 6,578,010, all they are saying is that they use computer software to keep track of the accounts. I wouldn't be surprised to learn that the statement is true.
They also say that they have a $1 million guarantee if you can find an error in their program. Where would one go to collect? They say that they have no office.
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Come on Larry, think on this simple statement for a bit.
-Jim
To know and to serve God, of course, is why we're here, a clear truth, that, like the nose on your face, is near at hand and easily discernible but can make you dizzy if you try to focus on it hard. But a little faith will see you through.
Garrison KeillorPost Thanks / Like - 1 Thanks, 0 Laughing
Let me tell you one more story. Back when Productions Plus was in the "investing" stage, I was having lunch with a Nazarene missionary. When he learned that I am a lawyer, he said, "I would like for you to look at these legal documents for an investment. He gave me the Productions Plus package. It looked a lot like the stuff I am reading on line for this one. I told him that it was a Ponzi scheme. He replied, "No it isn't. I have checked it carefully. I know several people who have withdrawn their money and it is working just like she says." Later in the conversation he revealed that he had withdrawn all of his retirement funds and invested them with Productions Plus. I advised him to withdraw is money immediately, but he declined. Many years later, he got a small percentage of his original investment back, but he lost most of his retirement fund. There were others who lost their entire investment.
I no of one Nazarene church that invested its building fund. Their plan was to draw from the fund to make progress payments on the building. Their fund was frozen after they started building. Their building was still uncompleted the last time I checked.
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When I looked over the basic information I was immediately concerned by the fact that the money is simply generated by new people investing in it. One article I read (which was supposedly endorsing it) indicated that eventually it would run out of money but not before 2017. Under that assumption, those who invest now and pull out prior to 2017 will make out like bandits, but those who get stuck with it at the end are screwed. That is the very definition of a scam/scheme.
I am all for making investments that work mostly for themselves, but I find it highly suspect to invest in something where I would potentially cause financial distress for others.
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Dave, I understand where you are coming from and to tell you the truth I wasn't planing to make any kind of big investment. In the next few day I will be withdraw the $120 that I invested and this will leave me $220 that I earn within 75 days . From now on I will using the money that I have earn from my $120 investment. I will leave the $220 in there for another 75 day this should give me $630 if I contune doing until I reach $5000 I could withdraw 2000 and reinvest 3000 and see what happen. Since I have my orginal $120 back in the bank then I'm safe no matter what happens. Dave I would never ask anyone to invest their retirement funds everything is to risk and I not big risk taker why should I ask anyone else to be. Like I said in my PM letter if the things go south I will have only lost $120 and I have lost more that in some other crazy deals that my friend have got me in to. All most got me kill Ha Most of time I made profit or break even. Two years someone got me in the perfume business I have made money with that. I have begun to sell healthy coffee and at the present I'm breaking even. Tell you the true I don't need to work we are not rich but I do enjoy getting out and trying to selling thing to people. On my face book I talk about the thing I'm selling. Thanks for your concern I really do appreciate it
Thanks
Larry
Last edited by Larry Parsons; June 27th, 2012 at 09:37 AM.
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Yet the man who wrote that article when ahead invested $1000 into the plan. I don't how you can be screwed when you can pull out your investment with in 50-75 day and reinvest the interest that made from your investment. There all kind of investment that can be risk. I have brother that invested in gas well all the gas well that he invested did turn out so hot and many did. I remember he invested in a Telephone company in Mexico he was taking a risk but think it pay. I remember my brother tell me about a Bank holding company that was going under and he was taking over it He suggest for me to buy stock I did for awhile but for a while it didn't look good so I withdraw my money. Today that company is growing and stock holding make money. After July 1 there is no way I can lose with Just Been Paid.
Thanks
Larry
May be no way you can lose, but I still find it hard not to believe that somewhere down the line someone will lose, if this is connected to no product or service. But you have indicated it seems to be a "sit back & wait for your $$ to multiply" entity. Services and/or products keep income steady ... not so sure at all about this, a vague, elusive .........
Life beats down and crushes the soul and art reminds you that you have one.
~ Stella Adler ~
~ ~ ~ ~ ~ ~ ~
It takes a great deal of maturity to accept that trying to eliminate all risk eliminates life.
~ Susan Lapin ~Post Thanks / Like - 1 Thanks, 0 Laughing
Gina, JBP does provide a service and that service is to help thier member to get out of debt just by started out $20 They also provide thier member with great self -develoment program that will help you in your personal life and business. They also provide training that can help your business to grow. By the way I used the word investment but JBP does not claim to be a investment firm.
Thanks
Larry
I traced the servers to somewhere in the United Kingdom. The registrant of the domain justbeenpaid.com is from South Africa. You cannot find a better example of an illegal ponzi scheme than this one and how one doesn't see it is shocking to me.
http://www.patrickpretty.com/2012/03...sufficient-to/
My Bible Quizzing website.Post Thanks / Like - 2 Thanks, 0 Laughing
Sounds like the guy running this thing is a Ponzi veteran:
Everything about this has the smell and feel of a scam.Mann, whose name appears in 2008 materials identifying him as a promoter of the alleged AdSurfDaily Ponzi scheme, said nothing about whether JSS/JBP had any securities registrations or whether promoters of the “program” were risking a legal calamity by recruiting downlines into a scheme that does not identify itself with a nation-state and whose payout corresponds to a preposterous annualized return of 730 percent .
Loving God . . . Loving others.Post Thanks / Like - 1 Thanks, 0 Laughing
Not interested but you did remind me that I need to actually look into investing. I will be researching Kiva based on Dave's recommendation. As a reminder Dave provided us a link http://www.kiva.org/invitedto/naznet...www.naznet.com
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