Global Reserve & Finance LTD investment and loan scam, ponzi scheme Auckland, New Zealand
They are pushing and an investment and loan scan. They offer interest rates ranging from 2-8% per day. They also claim to offer loans that never have to be repaid as long as you put up a deposit of 1-10% of the total loan value. The have a number of "independent brokers" promoting the scam for them.
Here is an excerpt from some of their promotional material:
"We can also debrief you on another program later if you wish. Clients that are not looking for a loan, can put their money on deposit in an IBC/tax haven and enjoy a high daily interest rate which averages 2-2.5% a day on 50K or more and 5-8% on $10MM or more; which is put into your account monthly, accessed through debit Mastercard via your IBC. 100% insured, secure, placed in your name, in an online account, viewable 24/7.
Here are some figures for you:
$50,000 @ 6 months = $302,672.40 (conservative low estimate)
$100,000 @ 6 months = $976,000.00
$100,000 @ 1 year = $6,047,368.10
Above is an example of just what your money could do for you right now. This is the miracle of 2.5% compounding interest. Once again-seeing is believing, we'd love to show you how this is done and we'd love your business."
Bill s
Maddison, Wisconsin
U.S.A.
4 Updates & Rebuttals
Global Reserve
Auckland,Australia,
New Zealand
Credible Sources on the Internet
#5UPDATE Employee
Mon, June 01, 2009
Online bulletin boards, whether newsgroups, or web-based bulletin boards, have become an increasingly popular forum for investors to share information. Bulletin boards typically feature threads made up of numerous messages on various investment opportunities. While some messages may be true, many turn out to be spurious.
Also, you never know whether the sources are credible, or for certain who you're dealing with, because many bulletin boards allow users to hide their identity behind multiple aliases. People claiming to be authorities, may actually be competitors, former employees, or paid promoters working with an agenda.
There have been many instances where market manipulators utilize bulletin boards to tout or degrade public companies in order to influence stock prices. Market regulators do their best to curb these activities; however it is a never-ending battle.
Rip-off Report even states on its own website "The Internet has become an important social media tool, empowering people to speak their minds whenever, however and wherever they want through blogging, chat rooms, video sharing and other tools."
Global Reserve and Finance Limited recommends that potential investors be careful who they listen to, who they take advice from, and should always do their proper due diligence.
John Paul Iii
New York,New York,
U.S.A.
Checking Facts
#5Consumer Comment
Sun, May 10, 2009
Bill S.
While engaging in some personal due diligence, based on numerous postings across several websites (over the course of only a few days) it would seem that Bill Smith/Bobbob/Shmike/Orenthall are the same person. You have copied and pasted the same statement but have used different aliases. Why is this? Upon further investigation, it appears that a person of the same name tried to bribe one of GRF's consultants (Atlantic Equity) in the amount of $2,500 to provide information so that he could write a scandalized article. Is this one and the same person, whom is a Nigerian national who tried to put GRF in a negative light for possible extortion purposes?
Then in one of your posts: Posted by shmike on Thu Apr 16, 2009
Here's another one. I had to change some info so as not to blow the cover of my identity
Why are you changing information?
Interesting that upon further investigation in two correspondences obtained, a Mr. Orenthal Withers and Bill Smith (Bill S.?) trying to elicit similar information; used email addresses with domains that come under the same parent company 822 Media, owners of army.com, Activv llc, and Bulldogs.com. 822media.com. Coincidental?
In your correspondence that you posted:
No problem, see attached. Hahah, photoshop does wonders
Bill
Again, why the need to use aliases? And, why the use of Photoshop to do wonders
I am confused to as why you put referencing links: myassuredcapital which does not go anywhere and tried to legitimize your claims by utilizing the popular social network of Facebook and a generic upload site filesanywhere (?). Why couldn't you cite specific occurrences of fraud? The company has been in business 2 years.
In this reader's opinion, this would be the M.O. of a scammer or at least the agenda of someone with an ulterior motive.
John Paul Iii
New York,New York,
U.S.A.
Checking Facts
#5Consumer Comment
Sun, May 10, 2009
Bill S.
While engaging in some personal due diligence, based on numerous postings across several websites (over the course of only a few days) it would seem that Bill Smith/Bobbob/Shmike/Orenthall are the same person. You have copied and pasted the same statement but have used different aliases. Why is this? Upon further investigation, it appears that a person of the same name tried to bribe one of GRF's consultants (Atlantic Equity) in the amount of $2,500 to provide information so that he could write a scandalized article. Is this one and the same person, whom is a Nigerian national who tried to put GRF in a negative light for possible extortion purposes?
Then in one of your posts: Posted by shmike on Thu Apr 16, 2009
Here's another one. I had to change some info so as not to blow the cover of my identity
Why are you changing information?
Interesting that upon further investigation in two correspondences obtained, a Mr. Orenthal Withers and Bill Smith (Bill S.?) trying to elicit similar information; used email addresses with domains that come under the same parent company 822 Media, owners of army.com, Activv llc, and Bulldogs.com. 822media.com. Coincidental?
In your correspondence that you posted:
No problem, see attached. Hahah, photoshop does wonders
Bill
Again, why the need to use aliases? And, why the use of Photoshop to do wonders
I am confused to as why you put referencing links: myassuredcapital which does not go anywhere and tried to legitimize your claims by utilizing the popular social network of Facebook and a generic upload site filesanywhere (?). Why couldn't you cite specific occurrences of fraud? The company has been in business 2 years.
In this reader's opinion, this would be the M.O. of a scammer or at least the agenda of someone with an ulterior motive.
John Paul Iii
New York,New York,
U.S.A.
Checking Facts
#5Consumer Comment
Sun, May 10, 2009
Bill S.
While engaging in some personal due diligence, based on numerous postings across several websites (over the course of only a few days) it would seem that Bill Smith/Bobbob/Shmike/Orenthall are the same person. You have copied and pasted the same statement but have used different aliases. Why is this? Upon further investigation, it appears that a person of the same name tried to bribe one of GRF's consultants (Atlantic Equity) in the amount of $2,500 to provide information so that he could write a scandalized article. Is this one and the same person, whom is a Nigerian national who tried to put GRF in a negative light for possible extortion purposes?
Then in one of your posts: Posted by shmike on Thu Apr 16, 2009
Here's another one. I had to change some info so as not to blow the cover of my identity
Why are you changing information?
Interesting that upon further investigation in two correspondences obtained, a Mr. Orenthal Withers and Bill Smith (Bill S.?) trying to elicit similar information; used email addresses with domains that come under the same parent company 822 Media, owners of army.com, Activv llc, and Bulldogs.com. 822media.com. Coincidental?
In your correspondence that you posted:
No problem, see attached. Hahah, photoshop does wonders
Bill
Again, why the need to use aliases? And, why the use of Photoshop to do wonders
I am confused to as why you put referencing links: myassuredcapital which does not go anywhere and tried to legitimize your claims by utilizing the popular social network of Facebook and a generic upload site filesanywhere (?). Why couldn't you cite specific occurrences of fraud? The company has been in business 2 years.
In this reader's opinion, this would be the M.O. of a scammer or at least the agenda of someone with an ulterior motive.