Ponzi Schemes:
Named after Charles Ponzi, who ran such a plot from 1919-1920, the Ponzi scheme is a fraudulent investment plan. It is not necessarily a pyramid, which is hierarchical. In a Ponzi scheme, there is one person who takes people's money as an "investment" and does not necessarily tell them how their returns will be generated. As such, the people's return on investment could be generated by anything; it could come from money taken from new investors - which means new investors essentially pay off the old investors.
Named after Charles Ponzi, who ran such a plot from 1919-1920, the Ponzi scheme is a fraudulent investment plan. It is not necessarily a pyramid, which is hierarchical. In a Ponzi scheme, there is one person who takes people's money as an "investment" and does not necessarily tell them how their returns will be generated. As such, the people's return on investment could be generated by anything; it could come from money taken from new investors - which means new investors essentially pay off the old investors.
A very prominent case in history of pyramid scheme was launched by Gerald Payne in USA in 1993 details are as follows:
Founded: Circa 1993
Headquarters: Tampa, Florida
Leader: Gerald Payne
Background: Greater Ministries has run a nearly half-billion dollar pyramid scheme
Outreach: Seminars, mail and web-based solicitations
Ideology: Anti-government, conservative Christian, some white supremacist elements
Number swindled: Around 18,000
Source : (www.adl.org/Learn/ext_us/GMI.asp?LEARN_Cat=Extremism&LEARN_SubCat=Extremism_in_America&xpicked=3&item=gmi)
(Source www.alexa.com)
When we contacted to the government of Norway ,we collected enough proofs to prove our points.We sent an email to an high official in Norway concerning GMI legitimacy .In response they said that they have many registered complaints against GMI and they also warned us not to make any business deal with them.
GMI REGISTRATION AT NORWEGIAN EMBASSY :
GMI claims that they are registered at Norwegian embassy.Be sure that they are not registered and GMI also shows a fake certificate of registration on its website .This issue has been published on Norwegian embassy site.
FIGHT BETWEEN GMI OFFICIAL AND A WISEMAN:
We found an online fight of GMI official and a wiseman.For more info visit below.
http://www.onelebanon.com/forum/showthread.php?t=29119
LAST BUT NOT THE LEAST:
We are working more and more on this scam company and we are also trying to reveal the name of those people who are involved in this company in Pakistan.Till then we beg every Pakistani that please do not invest in this scam company .If we would be able to save a single penny of our brothers then we will assume that our hard work has given good results.
OPEN CHALLENGE TO GMI:
Founded: Circa 1993
Headquarters: Tampa, Florida
Leader: Gerald Payne
Background: Greater Ministries has run a nearly half-billion dollar pyramid scheme
Outreach: Seminars, mail and web-based solicitations
Ideology: Anti-government, conservative Christian, some white supremacist elements
Number swindled: Around 18,000
Source : (www.adl.org/Learn/ext_us/GMI.asp?LEARN_Cat=Extremism&LEARN_SubCat=Extremism_in_America&xpicked=3&item=gmi)
STATISTICAL DATA OF WWW.GOLDMINEINT.COM :
Goldmineint.com users come from these countries:
Pakistan 82.1% THE HIGHEST TRAFFIC IS FROM PAKISTAN
India8.2%
United States2.3%
Qatar1.3%
Other countries6.0%
Goldmineint.com traffic rank in other countries:
Pakistan1,496
Qatar11,030
India156,134
United States1,298,924
(Source www.alexa.com)
When we contacted to the government of Norway ,we collected enough proofs to prove our points.We sent an email to an high official in Norway concerning GMI legitimacy .In response they said that they have many registered complaints against GMI and they also warned us not to make any business deal with them.
GMI REGISTRATION AT NORWEGIAN EMBASSY :
GMI claims that they are registered at Norwegian embassy.Be sure that they are not registered and GMI also shows a fake certificate of registration on its website .This issue has been published on Norwegian embassy site.
FIGHT BETWEEN GMI OFFICIAL AND A WISEMAN:
We found an online fight of GMI official and a wiseman.For more info visit below.
http://www.onelebanon.com/forum/showthread.php?t=29119
LAST BUT NOT THE LEAST:
We are working more and more on this scam company and we are also trying to reveal the name of those people who are involved in this company in Pakistan.Till then we beg every Pakistani that please do not invest in this scam company .If we would be able to save a single penny of our brothers then we will assume that our hard work has given good results.
OPEN CHALLENGE TO GMI:
If GMI officials still think that they are doing a legal business in Pakistan than it is our open challenge to them that they should come on this blog and express their views.Although if they think people in the third world countries are stupid, then they are wrong .In the meanwhile we are also working with a local law enforcing agency to investigate the transactions made by GMI in Pakistan and INSHALLAH the GMI officials in Pakistan will be apprehended.
OUR PROMISE TO OUR NATION :
We promise every Pakistani that until we the "SCAM BUSTERS" are alive till our last breath we will save our people from these scam companies.So far we have busted many scams in Pakistan and now it's GMI's turn.
Islamabad Time
0 comments :
Post a Comment