Pathway-2-prosperity - Pathway-2-prosperity.net

[awty]

Originally Posted by ToughLuck

So when did you become a mod? I was replying to Awty with regards to p2p.

FYI - I'm NOT a mod - I resigned.
Jeff

[ToughLuck]

Originally Posted by awty

FYI - I'm NOT a mod - I resigned.
Jeff

I know. You are confused.

[Ponzi Nemesis]

Well, the p-2-p website now shows "Server Time: Jul 30 2008 00:32", so with the most recent request date anyone has been paid for being June 10th that puts us 50 days behind now and counting. Is there anyone left posting here who still claims that this is not a Ponzi, and that payments will catch up? The fact that any payments are being made at all suggests that there are still funds being paid into p-2-p even now, which is very sad.

I guess some members are still referring in their friends and family, and some of the existing members pay in a proportion of their salary each month so they can 'max out' sooner. Surely nobody who reads any of the forums, even MCF, would want to 'invest' here at this stage, though. I guess most likely it is people who don't read anything online who are recruiting in others by pointing at the 'numbers on a screen' saying "I'll be maxed out in 2 months then I can give up my job" - maybe some of them Google 'pathway-2-prosperity.net' before they commit their money and find this or another thread but some don't, which would explain why payments in seem to have slowed to a trickle but haven't stopped altogether.

The best thing that could happen now would be for enough people to contact the Ontario Securities Commission that they finally stirred into action and got the site shut down. You'd think they'd have done something before now - how many scams as big as this one do they have to deal with? This is the only one I can think of within their jurisdiction - what else do they spend their time doing if they leave a site like this up and running for over a year? Maybe they spend all their budget translating everything backwards and forwards between French and English.

[ToughLuck]

Maybe they spend all of their budget and time answering nuisance phone calls and e-mails from scambusters telling them how to do their job and why don't they get on with it?

[Ponzi Nemesis]

Originally Posted by ToughLuck

Maybe they spend all of their budget and time answering nuisance phone calls and e-mails from scambusters telling them how to do their job and why don't they get on with it?

Well I have never called them and exchanged two emails at most, several months ago now, with their 'Lead Inquiries Officer', who was certainly aware of p-2-p and trotted out the usual line that they "do not comment on the existence, nature or status of a review or investigation", much as the SEC do on the other side of the border. This can't have taken more than 5 minutes of his time.

In case anyone else wants to voice their concerns about p-2-p here are his contact details:

Denis Donnelly
Lead Inquiries Officer
Ontario Securities Commission
inquiries@osc.gov.on.ca
(416) 593-8330 or toll free at 1-877-785-1555

Maybe others will have more luck getting them to do something about p-2-p. It might help if people with funds in there gave them a call or sent an email.

[Jungle Hunter]

Originally Posted by Ponzi Nemesis

Well I have never called them and exchanged two emails at most, several months ago now, with their 'Lead Inquiries Officer', who was certainly aware of p-2-p and trotted out the usual line that they "do not comment on the existence, nature or status of a review or investigation", much as the SEC do on the other side of the border. This can't have taken more than 5 minutes of his time.

In case anyone else wants to voice their concerns about p-2-p here are his contact details:

Denis Donnelly
Lead Inquiries Officer
Ontario Securities Commission
inquiries@osc.gov.on.ca
(416) 593-8330 or toll free at 1-877-785-1555

Maybe others will have more luck getting them to do something about p-2-p. It might help if people with funds in there gave them a call or sent an email.

You don't have to go all the way to Canada you know. At least in the US, the SEC has jurisdiction as it applies to securities and investment offers made to US citizens. And it wouldn't be the first time that they filed suit against a foreign person and/or actually had someone extradited to the US for a HYIP scam. Same for the FBI and State Attorneys General with respect to fraud and all states have some form of state securities commission some of which are relatively agressive.

[ToughLuck]

If the Ontario SEC has got p2p on their radar then I imagine their primary objective will be to haul the principals into court and obtain convictions, not to shut the site down. I would reckon they would want the site left up so they can obtain as much evidence as possible plus that they are certain they can lay hands on Nick and his cohorts when the time comes. They will also want to follow, what I imagine are many paper trails, in order to establish where any money that is left is stashed. The last thing they would want is for Naughty Nick to take fright and do a runner before they are ready to drop on him.

[Abrasax]

Originally Posted by ToughLuck

Maybe they spend all of their budget and time answering nuisance phone calls and e-mails from scambusters telling them how to do their job and why don't they get on with it?

Why?

Do you keep calling and e-mailing them with the suggestions to put all of the p2p participants in jail?

[stnon26s]

Originally Posted by Jungle Hunter

You don't have to go all the way to Canada you know. At least in the US, the SEC has jurisdiction as it applies to securities and investment offers made to US citizens. And it wouldn't be the first time that they filed suit against a foreign person and/or actually had someone extradited to the US for a HYIP scam. Same for the FBI and State Attorneys General with respect to fraud and all states have some form of state securities commission some of which are relatively agressive.

How could he be extradited to the US when he's not even, nor has he ever been a US citizen? Also, if he is running a ponzi scam, which is illegal in every country (I think), is he gonna get hauled all over the world to all these different countries and go to court? I doubt it.

[traderj]

Originally Posted by stnon26s

How could he be extradited to the US when he's not even, nor has he ever been a US citizen? Also, if he is running a ponzi scam, which is illegal in every country (I think), is he gonna get hauled all over the world to all these different countries and go to court? I doubt it.

The law is a pretty complex thing, but trust me Nick can be charged with crimes in the US even if he is not a US citizen.. it's done all the time all over the world and yes in some cases people are extradited to the country in question, but all honesty it happens very rarely and in this case as he is breaking the same laws in both Canada and the US, there is little to NO chance he would face charges beyond Canada as the other countries would generally agree to not pursue it as long as Canada dealt with it.

So stnon26s you have been a pretty sturdy supporter of P2P to this point, in all honesty you have been quite balanced in your comments, meaning you don't usually just spout nonsense I am curious what your personal thoughts are now that we are at 50 days behind? Do you believe this is real and there is any possible way this thing will ever get back into terms? Just curious what your point of view is now..