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

[traderj]

Originally Posted by okosh

LOL...Was tongue in cheek...hope you weren't offended

No, no not at all..sorry should have put a smiley in there myself or something.. I got the joke.. and they are my friends it seems... because they love to talk about me seeing as there is nothing they can say about P2P to prove it's validity hahaha

[traderj]

Originally Posted by awty

If I may, don't forget the 'offshore' and 'tax' angles, those play a part. There's quite a bit involved, but those are (from what I've seen) some of the major ones.

Yes the fact that any company even one registered off shore that is open to the public still has to REGISTER its investment offerings to US citizens...OR have a visible disclaimer stating US citizens are NOT allowed to join...

Plus in the US and Canada if you are full time residents and you earn money from an off shore entity either income or by owning the company you still have to file that you have a beneficial interest in the company...

Don't even get me started on why the scammers use places like TCC, Belize, Panama etc... rather than REAL International business centres like Hong Kong and Singapore....

For the most part, yes. There are other factors, but - the 'admin' only does so much 'advertising', and depends on the 'referral mongers' to bring in the funds.

Yeah I figured as much, see I'm learning slowly but surly I am getting how this whole mess works..

[traderj]

Originally Posted by EthanE

Alright, alright you two. I was referring to the info on finding out how Energy LTD is/is not registered/licensed not the site you posted.

You have to know your gov't, so in this case I could do a search for money transmitter license canadian gov't and enough results will come up that you can learn about the law that was just passed June of 08, then you refine the search a little more using that info, then POOF you find the FINTRAC site and read read read... on sites like that they generally have a search function so you can see who is and who is not registered.. and they ALWAYS have a contact email and phone number, SOOOOOO

You can for example email them and say I was thinking of joining a payment processing firm doing business in Canada via their website called Energy LTD, (include the link for them) asking them if this company is legally registered to do business in Canada.. then of course make sure you make it clear the are registered in TCC and NOT in Canada...

They might then send you back an email saying it does not MATTER at all where the company is domiciled ONLY with whom they are doing business and any company OPERATING with Canadian citizens must be registered.. they further tell you that the company name and site you gave have not registered yet and have until Dec. 30, 2008 to do so.. at which point somebody from their office would be giving them a call..

It's all a logical progression... plus of course you do have to do some follow up work on your own of phone calls and emails..

[traderj]

Originally Posted by stnon26s

Hey Traderj, quick question for you;

Did your friend(s) who are involved with P2P, submit a request for a refund as per Chris's instructions?

Just curious.

I don't honestly know, one of them made noises about doing so, but again I simply don't know. At this point one of them doesn't care anymore about the money they simply want to see "Nick" rot in jail and oddly enough he is spending a LOT more money than he ever invested in P2P in research costs etc.. to try to get Nick and P2P on the radar of every gov't agency everywhere in the world that he knows there are members.. there is quite a core of members that are fed up have been for some time and rather than the get your refund and go away they are actively working behind the scenes all over the world making sure this thing gets on the radar... so taking the refund and getting his account removed would in fact hamper such efforts so I would guess they cherish the access to the "private forum" more than the money... who knows maybe that will change...

[traderj]

Originally Posted by nothingscertain

To this day there are "PIPS" dedicated forums still rallying around for the great comeback. Same with Solid Investment.

Look at RPP's! They must surely be in the lead these days?

People will never learn.The online programmes are ALL scams.

Ok damn that Nick I can't even give him credit for being good at scamming... oh well...I was trying to be positive about his business operating skills...

[EthanE]

Originally Posted by okosh

Naaaaa...Ethan will only end up running off to join the 'Church of Google'

http://www.thechurchofgoogle.org/Scr...le_Is_God.html

I'll have you know, 'matey', that not only is Google my friend; but, I have the advanced version of Copernic (my personal favorite).

It was a simple question, friend....

Put it to rest~

(NO, go back to your making fun of overweight, elderly, handicapped and babies while held by their mothers and leave me be. Alright?)

[traderj]

A little more info...WHO MUST REPORT?

Who Must Report

Reporting entities must report suspicious and certain other transactions to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This includes the following:

* financial entities (such as banks, credit unions, caisses populaires, trust and loan companies, and agents of the Crown that accept deposit liabilities);
* life insurance companies, brokers, and agents;
* securities dealers, including portfolio managers and investment counsellors;
* persons engaged in the business of foreign exchange dealing;
* money services businesses;
* agents of the Crown that sell or redeem money orders;
* accountants (when carrying out certain activities on behalf of their clients);
* real estate brokers or sales representatives (when carrying out certain activities on behalf of their clients);
* certain casinos; and
* for the purposes of suspicious transactions, employees of these reporting entities.

For more information about who is considered a reporting entity, consult the series of guidelines prepared by FINTRAC about reporting obligations.

BUT sir like I told you this company is NOT registered in Canada it's on off shore business...

REPLY: We don't care if they are registered in OUTER MONGOLIA, if even ONE transaction goes to or comes from a Canadian financial institution they MUST register. It's FREE and painless so why would they not do it?????

BTW I really had to laugh reading how all the reporting for their activities can be sent in monthly via a batch file or spreadsheet, can you imagine the rocket scientist as P2P trying to figure out how to do a spreadsheet.. too damn funny

[traderj]

My new favorite quote from MCF Lite,

You see "Ponzi" scheme artists have to justify to you what and why they are changing, doing things to keep you hanging on and continue to invest, while Professional Business men don't have to justify their actions,they just do it what it takes to get things done.

yeah like not talk to anybody for weeks on end, not make payments for four months and leave their minions to take all the flack, that is exactly how professional business men do things hehehehehehehehehehe....

Somebody has been sneaking extra shots of kool aid

[traderj]

This one is long but really lots of great info... please read this page about what a money transmitter business doing business with any Canadian financial institution must do for record keeping purposes.. I am sure P2P is up on all of these things...

http://www.fintrac.gc.ca/re-ed/msb-eng.asp#s66


OH yeah... for those that are going to claim NRG doesn't qualify as a money transmitter business

Money services business criteria
You are considered a money services business if any of the following apply to you:

* You own or operate a business and you offer money transfer services in any amount.

* Your business issues or redeems money orders, travellers***8217; cheques or other similar negotiable instruments for more than $1,000 during a single transaction with the same individual or entity. For these purposes, a single transaction is defined as two or more transactions related to the redemption of money orders, travellers***8217; cheques or other similar negotiable instruments of less than $1,000 each that are made within 24 consecutive hours and that total $1,000 or more.

* Your business conducts foreign exchange transactions for more than $1,000 during a single transaction with the same individual or entity. For these purposes, a single transaction is defined as two or more transactions related to a foreign exchange transaction of less than $1,000 each that are made within 24 consecutive hours and that total $1,000 or more.

* You advertise (by means of newspaper, television, yellow pages, internet, any other media, or by an interior or exterior sign) the fact that you engage in any of the above-mentioned money services business activities.

* You hold a permit or license related to any of the above-mentioned money services business activities.

* You are registered as someone carrying on any of the above-mentioned money services business activities.

* You report the income of any of the above-mentioned money services business activities as income from a separate business for tax purposes.

[traderj]

I love when the simple minded come out to play... one of the Freud twins in MCF Lite is telling lies to people and trying to pass them off as facts.. not surprising really given the extreme pain he/she must be in right now hoping beyond all things rational that P2P is not the scam that everyone knows it is..

The latest LIES.

What you don't seem to understand legion is that p2p is not selling investments. In reality the money you deposit into p2p, (and I say deposit), is not considered an investment. You are merely loaning p2p through a private transaction your money to be piggybacked onto Nick's investments. This very process is done by many people. It's nothing new. No one is solicited to buy anything in p2p. You agree to and do so at your own risk which is stated on the p2p home page for the world to read. The site also states, (for the world to see), that you agree not to hold p2p or it's members liable if there are losses. No one knows yet even if there are losses only that payouts have been delayed.

First of all they are in fact selling UN-registered securities as defined by the HOWEY test, which of course he is just going to say ummmm that law doesn't count anymore hahahahah..

Secondly the old it's a LOAN has been tried many times in the past, think Legisi and EBL just to name two.. it's not legal and won't hold up in court...

Thirdly, it can NOT be a private transaction as the website is open to the general public always has been always will be...

Finally, just saying something is private does not make is so, unless you provide the details including profit expectations and risks with the transaction in writing PRIOR to receiving any money.....

MORE lies from one of the head PIMPs, LOA... talk about an agenda... that one is a major loonie.. I do suggest you start doing some legwork on him/her so you can file suit when this fails as there is NO doubt he/she is continuing to offer legal advice, bad legal advice but legal advice none the less...do not listen to him/her OR ME, go to the right websites, do your own research find out the facts... just do a simple little test call your local SEC office and ask them if a company receiving hundreds (thousands?) of loans via a website on the net and then paying (well used to pay) back those loans with interest needs to be registered to do so.. ONE SIMPLE question... POOF P2P ILLEGAL...

Oh right I forgot that one, if it is a loan.. where is your loan agreement??? Anyone a member of this have their loan agreement??????