A SERIOUS problem with SCAM lists that is being over-looked is this.
Not all declared scams are actually scams... and therefore labeling such non-scams as a scam is a "scam" in itself. False.
Some programs "fail" for purely technical reasons... from bad investments, and other adverse situations, such as computer problems. Crashes, and so forth. And... an ADMIN in such cases may be in a lota pain, and working hard to correct the situation. BUT when the program is widely being called a "scam," then... what point would there be to return? What? No point at all. It couldn't be done.
So... in such cases (and I believe there have been many) it is the blantant SCAM list that is the culprit and which has taken the given program down, and lost poor peep's their money. The list did it... not the program. It is the publisher of the scam list that is the guilty party in such cases. The bad-guy. Not the ADMIN... who was forced out of business by the SCAM name-calling. In fact, I see some such programs on an earlier list here.
OF COURSE... in such cases the temperarily failed program can never return, and it goes down in history as being a SCAM. Forever. And who is the responsible person for all the lost funds? The SCAM LIST publisher. That's who. No one else.
I am pointing this out... because this situation is seriously being over-looked.
THERE NEEDS to be a solution for this situation, too. It is needed bad.
There NEEDS to be established a WAY for temperarily down programs to be able to return to business. And a way to refute and get rid of the SCAM label stigma, when it is warranted. WHEN such does exist, it will save a lota peeps from suffering a lot of losses, they should never have experienced... because of loose cannons.
A SERIOUS problem with SCAM lists that is being over-looked is this.
Not all declared scams are actually scams... and therefore labeling such non-scams as a scam is a "scam" in itself. False.
Some programs "fail" for purely technical reasons... from bad investments, and other adverse situations, such as computer problems. Crashes, and so forth. And... an ADMIN in such cases may be in a lota pain, and working hard to correct the situation. BUT when the program is widely being called a "scam," then... what point would there be to return? What? No point at all. It couldn't be done.
So... in such cases (and I believe there have been many) it is the blantant SCAM list that is the culprit and which has taken the given program down, and lost poor peep's their money. The list did it... not the program. It is the publisher of the scam list that is the guilty party in such cases. The bad-guy. Not the ADMIN... who was forced out of business by the SCAM name-calling. In fact, I see some such programs on an earlier list here.
OF COURSE... in such cases the temperarily failed program can never return, and it goes down in history as being a SCAM. Forever. And who is the responsible person for all the lost funds? The SCAM LIST publisher. That's who. No one else.
I am pointing this out... because this situation is seriously being over-looked.
THERE NEEDS to be a solution for this situation, too. It is needed bad.
There NEEDS to be established a WAY for temperarily down programs to be able to return to business. And a way to refute and get rid of the SCAM label stigma, when it is warranted. WHEN such does exist, it will save a lota peeps from suffering a lot of losses, they should never have experienced... because of loose cannons.
1) The ADMIN of a program that fails, or is on hard times should contact each of thier members, or post news on thier website explaining that there is a problem.
2)They should NOT compound interest or accept new signups while there is a problem.
3) They should let members know that there will be no interest earned and there will be no-payouts until the program is back up (most of the member agreements state that this may happen).
4) If the program is not planned to resume, it should close, let all members know it has closed, and that they will not be paid (again, most of the member agreements state that you are investing at your own risk and you stand to lose 100% of your investment.)
If they can't do any of these, and they continue to take money without paying the posted return, then they deserve to be labeled SCAM. If these programs were concerned with honesty and disclosure, they wouldn't hide behind anonymity and e-gold, they would make thier contact information readily available and respond to contact. Since they don't you're gambling, when the table stacks the deck (collects money but doesn't pay) people should know.
Doesn't matter why it fails. Invester loses money. For the investor it is a scam. If HYIP wants to be known as good when it fails, then let them roll invester over into a new program with no loss of funds.
I agree, mistakes do happen, sometimes our fault, but I always give them a couple of days to fix it, if no response then the only recourse is to blab their name all over as not paying. I am currently waiting for a reply from: admin@3cash.com they have 25.00 of my money and I have sent them an email and will let everyone know if they respond!
Re: Continuing List of Scams! READ THIS
Re: Continuing List of Scams! (updated 2/27)
3cash.com Is A Scam
Hybrid Mode
