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Ethan Vanderbuilt
Avoid Internet Money Making Scams!
Avoid Internet Money Making Scams!

Ethan's posts

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18 Arrested And Bank Accounts Seized OneCoin

Mumbai police have arrested 18 people for running the OneCoin cryptocurrency scam on Sunday 4/23/2017. Navi Mumbai police have seized Rs.18.97 crore ($2,957,320) from the bank accounts of the 18 arrested. More arrests are expected. – Source

Governments around the world are waking up to the OneCoin scam. OneCoin’s days are numbered. When new investor money can’t be found this Ponzi will collapse.

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Re-shipping Scam

One of the many scams that people who want to work from home will run into is the re-shipping scam. This is one of those scams that almost seems legitimate when you are first contacted about it. When you look a little deeper, the offer is a little too good to be true.

The way this scam works is you are “hired” to ship packages you receive to a new destination. The scammers claim that they will pay you for your shipping costs and an added fee for your work. They make up a lot of reason why they need to have you re-ship these packages. The end result is you never receive payment from the scammers who “hired” you to work for them, you just receive goods bought with stolen identities, making you an accomplice to a crime.

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Found A Really Good Deal On eBay Or Craigslist? It Might Be A Scam!

Buying and selling on eBay or Craigslist can be great, but it can also be quite risky.

If you’re planning to purchase something more expensive, you need to know how to spot scammers and avoid losing your money. Here are some of the most common Craigslist and eBay scams and tips to help you steer clear of them.

1. Nothing beats dealing face to face

Arrange a meeting with the seller and have them transfer the item directly to you. That of course means you should find local dealers. If you follow this rule, you’re 99% sure to avoid scam attempts.

2. How to recognize scams – the basics

Scammers aren’t that creative and usually resort to simple strategies for achieving their goal.

That’s why most scam attempts involve one or more of the following elements:

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Atlantic Global Asset Management Scam? Yes It Is In My Opinion!

A Ponzi scheme is an investment fraud that involves the payment of 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 to create the false appearance that investors are profiting from a legitimate business. Ponzi schemes like to use uncommon or hidden investments to keep you in the dark about what is actually happening. My subscribers have requested I take a look into Atlantic Global Asset Management. Here is what I have found.

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The SEC Will Prevail Against Charles Scoville And Traffic Monsoon

The SEC in July of 2016 stepped in and asked for a temporary restraining order against Traffic Monsoon. They claimed it was a Ponzi scheme that took in $207 million from more than 160,000 investors around the world.

In reality, Traffic Monsoon’s advertising business is an illusion designed to obscure the fact that it is offering and selling a security in a pure Ponzi scheme. Over 99% of Traffic Monsoon’s revenue comes from the sale of AdPacks. The company has virtually no other revenue from any other source. All payments to investors are made out of these funds. – Source SEC

Charles Scoville claimed he was going to stand up to the SEC.

Here is what the court had to say:

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Lazy Man and Money Blog Wins Appeal V. Le-Vel

The Lazy Man and Money blog was sued by Le-Vel in 2016 for an opinion piece on the products and business opportunity they offer.

Here is what the owner of the lazy Man and Money blog had to say about his situation:

This is the third time I’ve been sued for trying to help consumers make an informed decision. The previous two times I had lawyers who were greatly sympathetic to my cause and willing to win their fees in what is called an anti-SLAPP motion. They are suing me in Texas, not my home state of Rhode Island. That means that I have to find a lawyer in Texas.

Le-Vel filed their lawsuit against Lazy Man and Money, asserting claims of defamation and business disparagement based on statements published on The Lazy Man and Money blog. Lazy Man and Money filed a motion to dismiss pursuant to the Texas Citizens Participation Act (“TCPA”). The trial court signed an order denying Lazy Man and Money’s motion to dismiss and awarding “costs and reasonable attorney’s fees” to Le-Vel.

This decision was appealed.

The Texas Legislature enacted the TCPA “to encourage and safeguard the constitutional rights of persons to petition, speak freely, associate freely, and otherwise participate in government to the maximum extent permitted by law and, at the same time, protect the rights of a person to file meritorious lawsuits for demonstrable injury.”

There has been some recent good news on this appeal:

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Click the following link to check my facts on the FutureNet Scam:

In the world of money making scams there have been many social networks that have been presented as ways to make money just by participating in the social network. In most cases they end up being recruiting scams that offer little value. You pay a fee and then you get others to pay a fee in a matrix (pyramid) of recruited people. My subscribers have requested that I take a look into FutureNet. Here is what I have found.

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5linx Founders Charged With Wire Fraud

The founders of 5linx Craig Jerabeck, 56, of Rochester, Jeb Tyler, 44, of Penfield, and Jason Guck, 42, of Victor, were charged by federal prosecutors on 3/23/2017 with wire fraud and conspiracy. Each faces 20 years in federal prison and a half-million dollar fine if convicted.

5linx was founded in 2001. 5linx is a MLM scam I reported on back in January of 2014. They sold a variety of products and monthly services through their representatives. Their claimed five principles were: VISION, INTEGRITY, OPPORTUNITY, FREEDOM, and SUCCESS.

From 2001 to 2015, Jerabeck was the Co-Founder, President and Chief Executive Officer of 5linx, and from at least 2001 to present Guck and Tyler were Co-Founders and Vice Presidents of 5linx.

Here are the details of the charges against them:

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UFUN Scammers Sentenced To Over 12,000 Years In Jail

UFUN – alternatively called Team UFUN International or UFUN Group – was created in 2014 with the claimed goal of being the world’s largest e-commerce platform.

The primary function of UFUN in the market was to introduce buyers & sellers into the UBARTER and UFUNSTORE markets by using UTOKEN as the digital currency to exchange products and services. With each transaction, UFUN charged a 10% administration fee.

The reality was it was a massive scam.

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QNET Scam? Yes It Is In My Opinion!

Many business opportunities are just a chain where a person is fooled and then that person is trained to fool others to earn money. Once a person has been fooled and they buy into the scam there is no turning back until they have lost most of their money. My subscribers have requested I take a look at the QNET business opportunity. Here is what I have found.
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