Banners Broker Pyramid Scam Going Down Rapidly Essay Example
Despite hosting webinars and brainwashing events to maintain the illusion of stability, Banners Broker has been unable to pay its members for over 8 months. This prolonged failure has caused even the most devoted believers to lose faith, as it becomes increasingly apparent that something is seriously wrong.
Upon reviewing their previous actions, it becomes clear that they are actively working to limit member earnings and manage expenses. Furthermore, there have been other unfavorable disclosures that underscore their intentions. Let me summarize:
Chris Smith, the alleged "mastermind" behind Banners Broker, has proposed a concept known as "partial payouts". Essentially, this means that they are unable to fully fulfill withdrawal requests due to insufficient funds. Instead, they are only paying a portion of each withdrawal request on a monthly basis. The motive behind this approach i
...s clear: to silence disgruntled affiliates and encourage promoters to continue generating revenue from unsuspecting individuals.
The reason given for the partial payouts is that they are awaiting bank wire transfers to their SolidTrustPay and Payza accounts. They claim that transferring large amounts internationally is difficult and time-consuming. However, I find it hard to believe that it takes two months for a money transfer. Other companies transfer large amounts regularly without any issues.
If you've ever worked with Google or another major advertising network, you may have noticed that they pay out large sums of money each month without any issues. So why can't Banners Broker do the same? Instead of paying through bank transfers using the funds they have in their accounts, they claim they are unable to. The truth is that Banners Broker is not legitimate - it is a Ponzi scheme tha
lacks the necessary funds to fulfill all pending withdrawal requests.
Despite the increasingly comical situation with Banners Broker, prominent Ponzi schemers like Mark Stokes have already begun abandoning the failing enterprise in favor of promoting their next fraudulent ventures. This should serve as evidence to any remaining supporters that Banners Broker is quickly collapsing. It won't be long before bookmakers start taking bets on when the company will suddenly disappear or be forced to shut down by authorities.
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