REVEALED! NIGERIAN INVESTORS LOSE NBILLIONS TO ONLINE INVESTMENT SCAMS …DIAMOND CASH CLUB, GETAWAY, CLUB FREEDOM, OTHERS CRASH

Long before internet high yield investment programmes became household names in Nigeria, knowledgeable cyberspace investigators had cautioned internet users of the prevalence of scams operating in the name of internet investment schemes.

Unfortunately, it would seem that for reasons of greed and ignorance, most Nigerians fell headlong into the vortex of fraud enabled by the internet. Now, experts say billions of naira might have been lost to the many schemes Nigerian participants in these schemes subscribed to.

FORTUNE & CLASS Weekly independent investigations also revealed a connection between the internet investment scams and the mushrooming of wonder banks in Nigeria and their ultimate demise. Most of these wonder banks had collected deposits from the public and had in turn invested in these internet schemes in the hope of earning so much to be able to pay off their depositors. At the end, however, no payment was made and that, ultimately led to the wonder banks crisis.

Some other operators structured a different model for deposits mobilization to be part of the internet schemes. These go around urban centres, organizing lectures and seminars to educate and persuade more people to join their team so as to enhance their movement on the board of the investment scheme. By early 2008, a thriving sub industry had emerged around this multi level marketing based investment schemes.

One such operator is at present in serious distress, she had been able to persuade quite a number of people to invest through her in these schemes, and had, in turn invested online in the hope of the huge returns promised by the online schemes operators, but months after she made financial commitment, nothing was heard of the scheme again.

“It became a rat race.” She told FORTUNE & CLASS “I will invest in a scheme after someone I knew would have told me that they got paid by the scheme only to realize that the site had packed up some weeks after I did my registration. I soon got to know that the schemes only paid those who were first in line, so with other people like me we started looking out for new schemes, yet we were not so lucky because as soon as we registered we wouldn’t be able to access the site again. It was later that we realized that most of the schemes were operated by the same set of people. They will create new schemes as soon as they have collected money from subscribers and go ahead to set up another site, sometimes, multiple sites for the same purpose, only to announce soon after why they are encountering problem of non payment after on the site. I realized after I lost my personal money and those of other investors that all these schemes are big time 419. I am miserable now and can’t even accuse anybody for what is happening to me because it’s all online you don’t even know who you are dealing with.” The operator said of her frustration.

There are thousands of these schemes on the internet; the most popular in Nigeria are Getaway Club, Club Freedom and Diamond Cash Club. Ironically, top professionals in the country were persuaded to invest in these schemes. The schemes marketing pitches are persuasive enough, the argument for participation is hinged on earning residual income by marketing a certain product to a minimum two people who will form the down line of the initiating participant when they are registered online, by some sophisticated mathematical formula, participants are promised huge returns for merely marketing to these two people. But the trap is that these two recruits must also bring in two other participants on their line and it goes on like that. It turned out that it was a waiting excuse to wait endlessly on line for reward when a down line has not brought in people to join them. Some other schemes are not even bothered about the niceties of these multi level marketing some experts have described as intelligent fraud. These other schemes merely want the money of the participants and as soon as they have enough people registered, they vamoose from their sites.

The operations of these schemes were based on e-currencies; participants paid certain sums to be registered in a scheme with these currencies and are promised to be paid in the returns in e-currencies. The most popular initially was e-gold, for reasons that would be revealed later, e-gold gave way to Liberty Reserve, Paypal, e-bullion and some others.

It turned out that operators of the schemes and the administrators of e-currencies were different legs of the same model targeted at defrauding people that were intent at getting rich quick. When administrators of e-gold announced at any time that they had confronted problems on their sites, it was a good excuse for investment schemes operators to provide an excuse of known payment such that soon afterwards their websites are erased from cyber space.

In this review, FORTUNE & CLASS Weekly reveals how the online investment schemes operate for the purpose of scamming participants.

GETAWAY CLUB AND DIAMOND CASH CLUB

The Getaway Club and the Diamond Cash Club operate on different propositions. Getaway Club markets travels while Diamond Cash Club markets diamond. A participant is registered in the Getaway Club scheme by purchasing the Getawayclub Platinum Pass for $230 that also qualifies participants as Marketing Consultants.

You are issued with a password protected “travel site.” You are also automatically placed into our rewards system as a Getawayclub Marketing Consultant. Participants are promised a return of $20,400 for being part of the scheme.

Participants join the Diamond Cash Club by buying $300-value Gemstone voucher for $200. The participant is told he or she only needed to sell two Gemstone vouchers (such adds two people to his/her downline) to start moving his or her position in the system (the targets).

First you start with the Sapphire target, after cycling out of the sapphire target you enter the diamond target and you get your $200 back.

The Diamond Cash Club explains in detail the typical multi level marketing formula for standing in line to earn as much as $8000 over and over again.

“Targets are split in 4 levels with 1 member on level 1, 2 on level 2, 4 on level 3 and 8 on level 4. New members will enter on level 4 and each time level 4 is filled by the efforts of all members on the target. Yep, all of them will be working on filling those 8 positions. Thus when level 4 is full, the target will split and positions will move one level up until someone reaches level 1. Then the next move, he or she will enter the next target. If they were in the Sapphire target, they will move to the diamond. If they were in the diamond target, they will move into another diamond target. This is called cycling a target.

You only cycle the Sapphire target once, and you get your $200 back . The first time you cycle out of the diamond target, you will get $8000 cash and a $6000-value Diamond. However, new members signing after the 29th of August 2007, will have the choice of replacing their $6000-value diamond with $6000 cash, that is a total of $14000 in cash for cycling the Diamond Target for the first time. Then next time you cycle out of the diamond target, you will get $8000 cash. Thus you can win $8000 over and over without having to pay any extra fees.”

However, way back in December 2007, an online investment scheme investigator, writing under the brokerjone tag, had revealed the deception in the operations of Getaway and Diamond Cash Club in a report he posted on the site of autosurfing.com

The report revealed that both Getaway and Diamond Cash Club were operated by the same organization on the same server that had hundreds of “gay porn” sites on it. The hosting internet service was based in Newzealand. The investigator also noticed that the contact information for The Getaway Club…and Diamond Cash Club….were exactly the same: This was shown through the domain details as provided by WHO IS (an online store of domain names detail of registers). Diamond Cash Club was registered by Lee Consulting Limited of 603 Ruttonjee Centre, 11 Duddel Street, Central Hong Kong, Hong Kong
The investigator also asserted that all of the initial posters that were hyping up The Getaway Club, Diamond Cash Club, and 6 Star Travel Club were all from the same source in Australia.

It is the character of these schemes to float common community of participants under different teams, all wishing to recruit as many people as possible into their teams with the promise that the more recruits are made the earlier individual circles out to receive their rewards.

These teams get on internet forums to popularize the scheme through creating threads that discuss the benefits of the schemes, and as investigators found out, there will always be a monitor or group of monitors that constantly update the particular forum of activities of the scheme especially that of payments which are made to him/her or to a certain individual that no other members of the forum may be able to identify.

In the Getaway and Diamond Club under review, the investigator revealed that all original hype posters on (internet) forums originated from the same area, AND all in the same teams like Megablast, Phoenix Rising, Team Xler8ters.

“One “team” that I’ve seen posting the most is this Phoenix Rising team. They started in Diamond Cash Club…hyped it up, jumped into 6 Star Travel club within a month, and now Paullette one of their “leaders” is starting some Ammteam.build.” The investigator observed.

These “leaders” are nothing but corrupt and greedy cheerleaders trying to suck you into a giant Ponzi Network all run by the same anonymous Admin Team, that are obviously so morally challenged that they are hosting their service on a server with hundreds of Gay Porn Sites.” The investigator concluded

The revelations of this investigation have recently been appreciated by some Nigerian participants in the scheme who had been waiting to no end to circle out of the boards of these schemes.

CLUBFREEDOM A participant is registered in the Clubfreedom scheme at a cost of $200 and gets a $6000 reward when such circles out of the board. A participant that circles out monthly gets $72,000 per year while one that circles out weekly gets $312,000. Like both the Diamond Cash Club and Getaway, participants have realized the follies of their involvement in the scheme.

E-GOLD When in April 2008, MMG, an online advertising forum for High Yield Investment Schemes announced that it was no longer going to accept e-gold as payment for advertising or membership upgrades, not a few avid online investment schemes participants feared that the worst might be in the offing.

MMG had explained in the notice that “it has been a very long and difficult journey with e-gold since April of last year. We had our original accounts blocked for no reason. And even though we have fully complied with all of their requests, they remained blocked indefinitely. Every account we have opened since April 2007 has been blocked within a month’s time. Needless to say, we are extremely frustrated, and we know many thousands of our members are as well… e-gold simply isn’t a reliable currency any longer.”

The MMG announcement in fact, heralded the crisis that would soon consume the world of cyberspace investment schemes. By July, 2008, the issue was in the open; the US Justice Department had located the contact of e-gold and had slammed a case of money laundering on it. Soon, after, it was announced that e-gold, the e-currency that had at one point in time enjoyed the status of international platform of exchange and trade in cyberspace, was bankrupt.

Of course, when a company is declared bankrupt, its assets are sold to offset creditors liabilities and other commitments, but in the case of the owning company of e-gold, the registered capital of the company was a mere $20,000 with assets that can be easily added up by a kindergarten pupil; computers and office furniture. What this translated into was that those using e-gold as their store of value had lost. It was also a waiting excuse for investment schemes operators that had not been paying rewards to their participants.

LIBERTY RESERVE In the same advertisement rejecting e-gold, MMG had advertised that in an attempt to make its transition from e-gold to other online currencies payment as painless as possible, “ANY advertising purchases at MMG made with ebullion, Liberty Reserve, or wire transfer will be discounted an extra 10%, except those purchased through the MMG Auctions.”

In short, the demise of e-gold led to the rise of Liberty Reserve as the popular form of e-currency. But again, Liberty Reserve has its own limitations, online investment operators and participants protested constantly that it was always under attack by computer hackers which makes its site goes down constantly with consequences on the operations of scheme operators.

E-commerce Journal, an online journal that reports the activities of High Yield Investment Programmes noted that …”investors in HYIP-industry complain that they are facing big problems with money transfers to hyips (through Liberty Reserve)”

Besides, e-commerce journal also reported that investors were complaining that money has been written off from their account without reaching the addressee’s account while account history contains records of the last three days only. The implication for High Yield Investment Scheme, in the consideration of e-commerce is that most HYIP operators took advantage of the Liberty Reserve problem not to pay:

“We received complaints that hyips like ROInv Ltd, sus909, and suresurfpro are still not paying, and even  hot hyips like Brics Fund and The Stoic are also having pending withdrawals issue. We are not sure what the problem is and what other excuses the admin will create to delay the payment.” E-commerce journal noted

NIGERIA MILLIONAIRE CLUB Not wanting to be left out in the internet investment fraud schemes, some Nigerians also floated the Nigeria Millionaire Club under the operating name of Family Freeodm Club. An online proponent of the scheme sold the concept on the fact that: “It is an entirely new program which has revolutionized the way home business is been run online today. At Family Freedom Club, things are easier and the pay is exceptionally higher. The advantage of earning $16,788,732.80 every year makes Family Freedom Club a must for all who desire success.

“The Club is also out to help people around the globe achieve their dreams.  In this Millionaire Club you will earn “$16,788,732.80 + USD!” bonus for every direct referrals and indirect referrals. You don’t need to sponsor before you get paid but if you can introduce at least 2 people to the club it will only speed up your chance of getting the $16,788,732.80.

“Family Freedom Club is also the only 3 in 1 program in Nigeria today, that is, as a club member you have the opportunity of becoming a millionaire in the next 6 to 12 months, the chance of making friends from different part of the world and the chance of advertising your product free on the net through 54 major search engine include Yahoo, Google and MSN. If you are ready to join the Millionaire group, check out the site at http://www.familyfreedomclub.com.”

Some participants in the Family Freedom Club have submitted on other online forums that they had been short changed by operators of the family freedom club.

E-PLATINUM CLUB Another internet Investment Scheme that caught the attention of Nigerian participants is the e-platinum. In fact, the e-platinum declared that it has an administrator in Nigeria, this is an allusion to the influence of Nigerians on cyberspace investment schemes.

The site of the scheme tells the marketing pitch of the scheme.

“Combining the power of mass purchasing and discounts, and a team of highly dedicated administrators, IT and marketing personnel, ePlatinumClub is the business opportunity that will set standards in value and compensation that are yet to be achieved.

Our plan gives all members the opportunity to earn a recurring income and enjoy savings across various products and services globally.

With a registration fee of $175, participant is promised a reward of $4,175 over and over again. The operators of this scheme canvassed its difference from other schemes.


“Our program is based around the traditional 2×2 matrix; however, we have many key differences:

1. There are only 11 members in every board.

2. The bottom line of each board only has 6 people (unlike the traditional 8 many programs adopt).

3. We have just TWO boards!

4. You can join a Next In Line (NIL) team (whereby each member receives two qualifiers as the team grows).

Due to the speed at which our members can cycle, we are confident that members will cycle through our boards quicker than any other program available!

When you signup for ePlatinumClub, you will be placed in the first board at the bottom level. As your downline grows, you will move up in the board to the top.

Upon cycling the first board, you will receive YOUR MONEY BACK from your initial signup – almost a guarantee you won’t lose! You will then be placed in the top board which receives a massive $4000 upon cycling!”

For all it avowal to being different, however, e-platinum has not been paying to participants has promised.

OTHER INVESTMENT SCHEMES THAT HAD PACKED UP

http://www.ecommerce-journal.com/files/spacer.gifBusiness-is was launched April 29th. It only operated for about three days to May 2nd. It offers three types of plans which are 12%, 14%, and 15% daily. It stopped paying since May 2nd. It claimed that its e-gold account had been blocked.

Bs-investment… Just scam Bs-investment announced its cyber presence on February 7th and claimed to offer a few different types of low rate of returns which are 0.17% – 0.34% daily, 0.02 – 0.08% daily, 25% monthly, 17.5% monthly, and 10% monthly.

But about a month after it commenced operations, in March, precisely, it claimed that its e-gold account had been blocked and announced on its site that it stopped paying to participants because of the blockage.

Teriosinvestment Terios investment was floated online on May 18th and offered two types of plans which are 25% daily for 6 days and 150% after 1 day. Only after four days of running, Terios investment suddenly stopped payment, according to online participants that had deposited funds to participate in the six days plan, on May 22nd. Those that registered for the 150% one day plan said they did not receive payment for their investment.

Skyeclub Skyeclub commenced collecting deposits from participants on March 14th, 2008, it offered a single 15% daily returns on investment for 10 days plan. Participants said they have not received payment since May 20.

Forex Money Maker Forex Money Maker offered three types of plans; a 130% on investment after one day, 170% after two days and 10% daily for 180 days. Some few days after it was floated, participants complained that their deposits were not even crdited to their account. Despite this, operators of the scheme were said to play smart by hiring people to make deceptive posts on major public forums talking about how good Forex Money Maker are.

ROIclub ROIclub was loaded on April 1st and offered three types of plans; a 22% daily earning for participants for five days, 120% after five days and 150% after 10 days. Two months after commencing operations, however, it stopped payment.

The administrator of the site initially excused its inability to pay to the down Liberty Reserve site, when Liberty Reserve started running, however, it still could not pay.

Unique-Forex This HYIP announced it online presence on July 8th, 2007, offering multiple plans which consisted of minutely, hourly and up to 260% returns on investment after three days. The administrators of the scheme made it popular by paying to its selected representatives only. It is said that the administrator also hires a bunch of paid posters to make fake paid posts on public forums. But when it was time for paying reruns, the site switched off its automatic withdrawal feature of its site. The instant withdrawal feature was disabled on January 2nd and payments went pending ever since then till now.

Fast-fx Fast-fx is undoubtedly a class act in scamming. It started on January 1st and offered 2.4-% to 3.1% hourly returns for 48 hours, and 110% to 120% after one day. Interestingly, it closed shop after one day of collecting funds from participants.

Sectiontraders Sectiontraders commenced operations in September 2007, with what is described as low returns on investment plans of 1.5% daily for 60 days, 2% daily for 90 days and 2.5% daily 90 days. Online investors were attracted to it by its seeming realistic ROI but by December of the same year, it had stopped payment just as many participants said deposits were not even credited.

E-Lifepro E-lifepro came online last year’s October, offering hourly plans as well as daily high rate of return and short time frame type of plans of 5% , 7%, 9%, and 11% every 3 hours for 75 hours and 110% – 350% after 1 day to 7 days respectively.

Though e-lifepro’s threads on public forums were full of paid posts, participants on different forums insisted that they had not been paid over a long time. Besides, other cross checks showed that the site administrator also sends spam emails offering new plans of high rate of return of between 400% to 740%. The administrators also offered 5% – 20% bonuses to lure players to deposit money into the obvious scam.

Blue-share Blue-share was introduced online 29th September, 2007, though considered a high yield investment programme that offered unrealistically high returns, it operated for about four months before participants started getting signals of the true intentions of the operator.

Blue-share promised returns on participants investment of 11% to 14% daily compounded for 11 days, by February this year, Blue-share was reported to be paying returns due only to selected monitors (canvassers that represent its interest on public forums). It had since folded up, however.

FOREXCO.us Perhaps because Forexco.us offered low returns on investment of 1.5%daily compounded over 250 days it was able to sustain the scam over a longer period. Forexco.us was able to sustain its presence in cyberspace because it was able to pay its monitors over a longer period of time. This helped the Forexco.us thread to be active on public forum with posts claiming to have been paid. This no doubt, lured some more unsuspecting participants to the scheme.

But at the moment, the scheme is dead to cyberspace.

Financial-network-investment Financial-network commenced operations in September last year offering low return on investment plans of between 1% and 3% daily. It however stopped by paying before the end of 2007, this was o the excuse that its site had been attacked by hackers; the operators of the scheme had posted on their site the need for them to wind-up temporarily to rework the site from the activities of hackers which according to them did not allow them to pay participants.

The next news old participants of the scheme heard of the scheme were through a monitor that inundated different public forums of his being paid. This apparently lured some new participants to the scheme. They were unlucky, because by January this year, the operators had disappeared.

Cap350 This is another ambitious investment high return promising scheme. Floated June 6th, it offered 350% payment on initial deposit within 24 hours. Participants rushed into it but non according to investigation were paid.

The operators were very smart and dubious. They displayed fake paid out statistics on their site and updated this daily with details of payments to participants which later were found to be lies. The participants could not find of any such payments in their accounts. After a while, the operators blocked access to the website by some of the participants and then, all together just disappeared.

Invest4moremoney Invest4moremoney was an obvious scam but not many participants gave serious thought to this when the programme came online on September 12th 2008. It offered, perhaps, the highest rate of return on investment, it promised to pay a 700% on a minimum registration deposit of $5 and 1,500% after two days. For instance if a participant’s deposit the minimum amount of $5 for the 700% plan such must be getting $35 after 24 hours while a deposit of $20 for the 1500% plan should get the participant $3000 after 48 hours.

It turned out that none of the participants in this scheme got paid though the operator kept paying to monitors that posted news of payment on public forum to lure more participants to the scheme.

Bermouda This scheme which started May 22nd this year offered participants a vacation on the Bermouda Island and huge promised returns within short investment period. Bermouda promised a 350% payment on deposit after one day, 1500% after three days and 10% hourly for 24 hours. Trackers rported that the operators did not pay any of the participants even as their deposit paid was not recorded in their membership account.

A participant reported that the operator sent him an email requesting for more deposit if he wanted to receive his outstanding payment while some other participants complained that the operators deleted their accounts without any reason and that they could no longer log into the site of the scheme

Promohaven Promohaven operators stopped paying promised returns to members since the beginning of June this year. The investment scheme ran for about five months and offered a mix of medium and small return on investment. It offered to pay 9% daily for 13 days, 5% daily for 25 days and 1.5% daily for 90 days.

E-commerce journal reports that as of end of May, the website was down for a few days and the admin said that it was caused by hackers attack. When the website was up again, the pay out problem started. “The admin started to make pay outs selectively to small amount withdrawal requests and to the monitors only.” The online journal noted.

The operators also run other programmes at the same time and all of them have turned to scam now. They are surfwithdoves.com and mysurfads.com.

Pathway-2-prosperity (P-2-P) Pathway-2-properity started inviting people to invest on February 1st 2007. It offered low Return On Investment plans of 1.5% daily for 7 days, 1.75% daily for 15 days, 2% daily for 30 days and 2.5% for 60 days.

However, by October 2007, there were issues of non payment of returns. Some participants’ accounts were blocked without explanation while deposits were missing and not updated into their accounts.

Despite various complaints on October 31st, the operators announced they were increasing the minimum deposit to $100.

Capital Investment Group.us The operators of capitalinvestmentgroup.us stopped paying in the early days of November 2007. Capitalinvestmentgroup.us which started on October 22nd, offered hourly ROI type of plans.

According to participants, the operators stopped paying after they received partial payment. Most participants have experienced missing payment and their deposits didn’t complete the cycle.

Burst Profit Burstprofit started on November 29th 2007 and offered190% returns after one day, and 240% after two days. Participants explained that initially, the operators made selective payment to the first depositors only. But when they reinvested, they lost all their money. By December, 2007, the operators had disappeared.

State Invest Stateinvest’s e-gold account was placed on limit on September 10th, 2007. The scheme crashed within its first month of operation. Stateinvest offered 120% to 156% after one day, 165% to 214% after three days, 210% to 273% after five days and 260% to 338% after seven days.

Prior to disappearance, members have had to face several problems with this programme. Some members had experienced missing deposits and accounts were not updated with daily profit.

Monitors also had bad experiences with this hyip when they didn’t receive their referral commission other than pending payments.

Frost Gold Fund Frostgoldfunds was streamed online in July 2007 and offered three types of plans of 9%-10% daily for 14 days, 4%-5% daily for 45 days and 0.8%-1.2% daily for unlimited days.

Participants, however, said they started encountering payment problem by August 2007. The problems also included missing deposits. Soon after, the site simply disappeared.

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14 Responses

  1. […] news by Fortune&Class « Creating Amazing Wealth Trading Forex […]

  2. It’s a good article however, e-gold never went bankrupt, the are solvent, liquid and moving ahead with US compliance like a PayPal system. The company was never insolvent and retains all of their cash and assets.
    Mark
    editor@dgcmagazine.com

  3. […] Vote REVEALED! NIGERIAN INVESTORS LOSE NBILLIONS TO ONLINE INVESTMENT … […]

  4. This was a very interesting article. There is a lot to learn when it comes to financial issues.

  5. Warning: The people who run companies like ClubFreedom and HolidaysandCash are targeting vulnerable people from 3rd world countries. They use their links to churches to validate their unrealistic claims. As much as they protest, the schemes are pyramid schemes. Although these people operate physically within Australia, the dodgy companies and bank accounts operate outside of Australia for good reason. Their business activities are illegal. In reality these schemes go through a standard process of start up, get the money and then disappear into the night. Only on this occasion ClubFreedom was remade into HolidaysandCash very quickly. What happened to all the money? If you believe their claims ClubFreedom made over $50 million. There is nothing to be audited and claims by Faust that most of the profit went back to the people can not be proven. If these companies operated within western countries they could be made to be accountable. But they are not and for a very good reason. Accountability means proving your claims and paying tax. By operating in an internet world everything is suspect. The information quoted to you can’t be checked and can not be verified by anyone independent. There is no office for you to go to. You can’t litigate if the need arises. I have no doubt that half the blogs stating “this is the greatest scheme ever” and “Michael Faust is an inspiration” are uploaded by people within the business even a moron wouldn’t believe half of what they come up with. Not hard to do and again can’t be validated.

    Michael Faust wouldn’t even have had to move from his desk to start this new scheme. That begs the question were is his desk. It’s the same rear end with a different front end. Smoke and mirrors. A bit of simple checking shows that Faust is not a successful businessman as he claims. Ronald Litherland and others are the faces behind the scheme. Then there is Faust is no different from your local nutremetics distributor except he has some smart backers who are the real brains. Faust is the front man. For those in Africa, India, Russia and any other country being targeted by Faust and his bosses please do some research into these people before you make a decision? The software being used by HolidaysandCash is no different a large number of travel, airline and accommodation websites on the internet. These are free. . You paying for nothing.

    Don’t believe what you’re told without confirming it. I think it is shameful that the church is used as a validation tool. I encourage anyone who has information to blog on and get the truth out there among those who are paying good hard earned cash to these schemes. If there are any Australians thinking of getting involved warning. It’s illegal and the tax man will be onto you.

  6. There are alot of grey areas in these schemes.
    Let the buyer beware!!!

  7. The most easy lie to catch is one that is laced with some truth.

    Whoever wrote this article does not understand the difference between scams, schemes and plain network marketing. These kind of writers should be locked up, for making so many false claims and unfounded allegations.

    I don’t even know where to start from on this article. It’s full of lies and false allegations. Please investigate truthfully before writing. I have heard that fortune and class always publishes just to gain popularity… guess this is one of it.

  8. I am amazed that this site let’s people accuse other companies of not saying who they are run by when they allow a guy called “Steve” to make allegations that are unfounded, and where Steve has NO surname, states NO facts or sources of where he gets his information from, and does not disclose his qualifications as a so called investigator. It just reinforces that anyone can publish anyone on the internet with no accountability. I have invited Steve to talk to me and explain his allegations but he never answers my emails, never tells me WHO he actually is (is Steve his real name), and what his real agenda is. Buyer beware….make sure you get factual information before you make decisions and check the credibility of the source.

  9. Fairly great entry, very informative stuff. Never imagined I’d obtain the tips I would like in this article. I’ve been looking everywhere in the web for a while now and had been starting to get irritated. Thankfully, I stumbled onto your internet site and got precisely what I had been struggling to find.

  10. Great site. A lot of useful information here. I’m sending it to some friends!

  11. Once again “Steve ?” why don’t you show proof of your claims. In fact why not start with your name, what evidence you have based your claims and provide contact details for people to ask you questions.

    For the record the article is full of untruths and incorrect statements which makes you wonder if any of the other articles on this site are checked for accuracy.

    Michael Faust (Me) has resigned from Holidays and Cash and I am launching a new company in April, 2010, in partnership with a large international travel group with a PATENTED system linked to the world’s largest travel suppliers where our company has exclusive rights for MLM globally. PLUS we have negotiated global rights for MLM for a new banking platform that can help the unbankable in Africa and other parts of the world become bankable.

    But Steve is not interested in the facts. It makes a better read to publish rumors and remain anonymous.

    Skype me Steve or email me on michaelfaust2010@gmail.com and let’s talk and you can get the facts from the horses mouth.

  12. hi steven,
    I think Michael Faust is chanelleging you for a dual for the utimate truth. if you are sure of the facts you have written, why not accept his offer and both of you appear in any of the popular talk shows so that the world will know who is saying the truth. i just hope you are not envious of MF success, as of monday 29/03/2010. people got thier benefit from H&C. SO WHERE IS YOUR PROVE

  13. Is there any other investment programm that pays legitimately now?

    Is orientinvestment paying to their participants?

  14. Holidays and Cash pays…………………….

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