Originally Posted by manolo
Click on "Get Paid" on the link above to get the full compensation plan details.
This is a Revenue Share program with a concept similar to ZeekRewards just to give you an idea.
You buy bids and get paid a certain % daily.
You can find more information on the main website.
Payment Processors :
Credit Cards, Alertapy & Solid Trust Pay.
AP & STP Coming Soon.
Free Membership will also be available on the 1st March.
This is only Pre-Launch.
Dirson E. Jimenez Santana (strosdegoz)
Bidify reveal little no information about who owns or runs the company on their website:
Bidify is a privately held corporation owned by several entrepreneurs from different parts of the world.
The domain ‘bidify.com’ however was registered in May 2011 and lists ‘Larus Palmi Magnusson’ as the registrant:
Larus Palmi Magnusson
Unit 117, Orion Mall, Palm Street
SC stands for Seychelles and roughly matches up with the address Bidify provide on their website:
Unit 117, Orion Mall, Palm Street,
P.O. Box 828, Victoria, Mahé,
Note that the PO Box part of the address is missing from the domain registration.
Bidify provide a registered company number (100478 ) on their website but as far as I can tell there’s no publicly searchable online database of companies registered in Seychelles.
Seychelles is a known tax-haven and if I had to I’d guess that Bidify has been set up as an International Business Company, meaning the owners don’t have to pay any tax in Seychelles provided they don’t do any business there.
As I understand it, Seychelles business law also means it’s extremely difficult to obtain any information about the company and/or take any action against the owners.
Larus Palmi Magnusson himself lists Iceland as his location in his Hi-5 profile. The same person appears in a Facebook profile and more importantly a SWOM profile.
SWOM is a social network for internet marketers and with the uniqueness of the name ‘Larus Palmi Magnusson’, I’d be very surprised if this wasn’t the same Magnusson running Bidify.
Why a resident of Iceland specifically needs to run his company from Seychelles remains a mystery, as do the identities and involvement of any other person(s) in the running and/or ownership of Bidify.
I don’t see the company being based out of Seychelles as a bad thing.. but rather as a smart choice.
Because if you swindle investors out of their money in the US committing wire fraud and securities fraud, and you are located in the US, you might face criminal charges and spend the rest of your life in jail (Google for “Ad Surf Daily Andy Bowdoin trial”).
But if you are located in Seychelles, well, just take the money and run. Sure, definitely a “smart choice” if you are the one doing the scamming.
I think the entrepreneurs that assumes risk without any due diligence are immature. There have been far too many scams from overseas praying upon people in bad economic positions. There is a desperation that can be taken advantage of. Then every relationship is used to further promote the business.
ozsoapbox: MLM Watchdog have recently named the owner of Bidify as Frode Jorgensen from Norway. Jorgensen has apparently been busted in the US previously for running the scam ‘PlexPlay’.
Frode “Fraudy” Jorgensen is the right name.
I’ll guess B.F. may have some info, or be able to dig up some facts.
I got better search hits when I used a Norwegian/Danish spelling of the name, but this may be related to location:
Frode Fraudy Jørgensen