Goldfellers.

I will be heading to one of the staffs place of residence real soon I will let you all kow the outcome.

[Gvwhereru]

I will be heading to one of the staffs place of residence real soon I will let you all kow the outcome.

Good. Will be interesting to hear what you have to say.

[pluggy]

"4-month quazi-reorganization" ?

[makila]

Originally Posted by robbed

I will be heading to one of the staffs place of residence real soon I will let you all kow the outcome.

You are heading to North Carolina? To M.C.? (Aka GoldVet)

[d1ck0]

Originally Posted by makila

But PIU never refunded everything when they quit. IS did.(except a very few people who withdrew late, they will be paid on the next batch)

Trusting a site solemly based on some audits, is not a good idea. *sadly* you never know for 100% sure whether the admins are really honest. Until they retire and pay out the account balances. (And even then there is a slight chance they ripped you off some profits, but I would not call that a scam.)

Makila, your reputation as far as I'm concerned is unquestionable within this arena. I can confirm that IS refunded me in full as per the IS refund announcement. With regard to SF, I think you stated that they have already broken there own TOS in an earlier post. Pluggy's last post did make me a snigger a little, (sorry I could not help it)

Their new forum still redirects to a dodgy Sports 'aid' site, Ok if your'e in the market for some Anabolic Steroids, Nandrolone, or other such stuff

Your lucky Pluggy, I never even got an invite to their so called new forum. What a joke !!

[makila]

Originally Posted by d1ck0

Makila, your reputation as far as I'm concerned is unquestionable within this arena.

Well I wasnt the admin who had control over the money. I just gave them some support along the way, thats all. If I had access to it, maybe I would had taken it instead of giving it back to you.

Just kidding..

IS was owned by 2 people who signed a contract with the bank that neither of them could withdraw money without the permission of the other. I think such agreement is the only way to guarantee that the members money is really safe. (with the exception of real trading losses, and with the assumption both admins are honest and not scumbags of course)

I still remember xxx(privacy rule) where Yvonne's "own" staff and personal friend stole the money and danced on her xxx, once she died irl of xxx. I think such behaviour is very sad and a real shame, but it shows that money is something valuable, which you need to take care off very carefully ..


Not sure what to think about GF. But talking about a 4 month reorganisation is something I have seen too many times before. Its not a very good sign.

[Gvwhereru]

This PDF better be bullet prof. Waiting.

[spidermann]

Originally Posted by makila

IS has been audited by 5 people : Jude, Levaz, Gray, Warz & Cliff. Stijn and me also audited them, then again we dont count.

And you are correct to suggest that that level of /auditing/ would not count for me - and I guess for many others. From the experience with PIU, the audit would have to be by a registered and more established auditing source - preferably one with international reputation.

Originally Posted by makila

IS refunded everyone all capital. GF so far didnt refunded a dime.

GF had an average around 6% monthly for almost 3 years, IS had an average around 2% monthly after 2 years.

While I honestly do no know what IS was, I would say - without verifiable proof of trading/investment, the reason IS could give a /refund/ might well be because they were piggy-backing on other /stable/ ponzi schemes. And your above quote show how relatively /easy/ one can piggy-back with just about 1 to 2 hours of /trading/ per week. All IS could have been doing is simply /investing/ into the goldfellers scheme. They then get 6%, give you 2% and keep 4%, risking only your capital in the process.

In fact, many /HYIP/ schemes have been in a vicious cycle of piggy-backing on one another, with many piggy-backing on the few that emerged as /stable/ over a period of time. That is one of the reasons many /HYIPs/ crash at about the same time. Goldfellers was, on average, given less and less /returns/ for the past 2 years. Then about August-September 2007, goldfellers then really started to show even more surprisingly lower returns, until they halt processing large withdrawals in November-December 2007. It might not be accidental that IS and several other supposedly /real/ programs closed around August-December 2007 - coinciding with the gradual /folding/ of goldfellers around August-December 2007.

As to how goldfellers was producing /returns/? Well, with no verifiable proof of trading/investment, they were likely - [a] one of the most elaborate piggy-backing operations - piggy-backing on other ponzi-scams for 3+ years, and that might explain why /roll over/ was a bit /complicated/, and your capital must expire {do not believe this BS about your capital being included in the /returns/}, or [b] into an illegal and more sinister and unethical operation, for which the goldfellers we know was simply a front.

[makila]

Originally Posted by spidermann

All IS could have been doing is simply /investing/ into the goldfellers scheme. They then get 6%, give you 2% and keep 4%, risking only your capital in the process.

One problem. GF locked the initials permanently the day you invested. And they stopped processing really big withdrawals since november 2007. IS would not been able to give 60-70% profit during its lifespan(may 2006 - dec 2007) and still refund an additional 95%.

That said, IS is closed. And this is the GF thread so lets stick to the point okay? In my opinion, GF was a ponzi yes. But who knows, maybe they just had a bad loss and decided to grab the remaining money and bail out?

[pluggy]

I was once in a club that invested into Ponzis to pay a lesser sum to its members. It worked very well until everything stopped paying at once, turns out they had been piggy backing ponzis who had all been piggy-backing the same big one. When it went belly up, so did its riders and the club........