MoneyMakerGroup.com forums and their slack mods who ignore obvious scams hoping to get some advertising dollars from them. Speak out against a scam, or a repeat scammer on MMG and you can guarantee the owners Jason and Jacob (who are mid-20’s video gam playing kids with no clue) will give you a warning or ban you from their forums. Freedom of Speech is non-existent at MMG, all they care about is if you are using light profanity or “personal attacks”, but in my humble opinion, people who are victims of fraud perpetrated by the denizens who inhabit this scammer heaven have every right to speak out against the people who have ripped them off. In the past, numerous MMG mods have vacated their positions at MMG to launch their own ponzi schemes, including but not limitied to ex-mod “TheMobileHookup” who launched a ponzi based payment processor and their newest departing mod, xxRealNinjaxx (real name Kristopher Payne) who utilized his weight at MMG to lure people into a bunk investment into a tattoo shop he planned to open in Las Vegas.

In my opinions it’s pretty disrespectable of these forum owners to allow their friends to carry out fraud on the unsuspecting members who find credibility in the e-mods position on the forum. If you “stumbleupon” MMG’s profile, you’ll see 100% of the comentors label MMG as a scammers forum, but again, these 20- something videogame addictted forum owners really don’t give a crap if people are ripped off as long as they are making money and can afford flat screen TV’s to play their XBox or Playstations on. It’s a question of “ethics” and the ethics are certainly lacking along with a general apathetic ideal towards standing up for what it right.

Any comments are welcome…

Remember Johnathan Mikula and his NME Global group who operated the ponzi scheme autosurf program Phoenixsurf last year? Well, it’s taken a long time for it to happen but on July 24th 2007, formal charges were issued by the SEC against Jonathan Mikula and Gabriel Frankewich. The information from the SEC’s website is reprinted below.

URL: http://62.193.249.41/servlet/redirect.srv/p5.p1.pbcd.pbon.ptck/news/press/2007/2007-141.htm

After reading the SEC’s indictment I was wondering why Christian Rischel, Michael Hawkins and Jason Benoit of Avante Holding Group were not named in the SEC’s filings against Phoenixsurf. Perhaps during the course of the investigation they will also be indicted because if anyone remembers, Rischel was accused to taking control of PhoenixSurf’s accounts and pilfering hundreds of thousands of dollars beside the fact Rischel had launched his own Phoenixsurf spinoff, AdTitans.

This SEC filing also brings up questions as to when we’re going to see the axe drop on Dustin Fennel of DesertSkyMarketing who had been a member of NME and who was a moderator on PhoenixSurf’s forums. Also in question is when the SEC will finally go after scammers Bob Krimm of Tri-Star (15HitsDaily, 24SurfPro, Treo-Surf, Tri-Star Moneychangers) and after Jack Cobb of the Maximum Programs (PlanetTrust, MaximumAdz, MaximumSurf). I don’t think anybody was expecting the SEC to take over a year to make this move, but this should be a lesson to all these autosurf admins out there that if you’re going to rip people off after telling people your autosurf is an investment and not a game, you’ll have it coming to you.

We just received this ridiculous phishing scheme email that appeared to originate from Yahoo and requests the recipient to send their information so a representative can call them to claim the prize. Wow, a prize of £500,000.00 would be approximately $1,014,497.16 USD at the current conversion rate of 1 GBP = 2.02899 USD. that seems like quite a lot of money to win from Yahoo. However, one look at the contents tells you that this is nothing but another phishing scheme designed to scam unsuspecting internet users. We’ve actually been receiveing quite a few of these lottery type phishing email of recent and I’ve seen two different news stories on people who’ve fallen for these scheme. The majority of the originate from Nigeria and believe it or not, clever scammers have setup entire offices staffed with employees with computers who do nothing all day but send these spam emails and answer phones when a victim calls thinking they’ve won a prize. A look at the complete headers for this particular email shows it was generated from a webserver located in the United Arab Emirates on the DigitalSkys network: from 86.62.13.126 ([86.62.13.126]) by russianhillbookstore.com and the fact it’s using a yahoo.co.uk email address would make a victim think the phishing email had come from the United Kingdom.

Please beware of these lottery type of phishing emails. They will ask you to wire them funds or send them a check in order for you to claim your prize. You will be bilked out of your money and you’ll receive nothing in return. It never suprises me how many people actually fall for these schemes, but just remember, if you really have won some type of lottery, you will not be emailed notification and you will never be asked to send any money to claim your prize.

Once in a while you find a service that’s just so good you just have to tell everybody about it. For me, that would happen to be GoldEx. GoldEx is a full service eCurrency exchanger that also offers a reloadable debit card. They work with E-gold, Webmoney, Pecunix, V-Money and used to deal with E-Bullion but after a recent threat by E-Bullion to confiscate GoldEx’s funds, they have suspended services to and from that processor.

GoldEx is the first fully 128 bit SSL secured PGP encrypted internet based transaction website for the purchase of e-gold and other internet currencies within 12 to 24 hours. They are definitely the fastest and most reliable exchanger I’ve dealt with outside of the now defunct Omnipay. I am personlly a GoldEx debit card holder and I’ve never waited more than 24 hours for my card to be loaded regardless of the eCurrency used to load the card. The same can be said for my experiences doing echanges through GoldEx. Their support is the best in the industry and the owner Marco is one of the most pleasurable and friendliest person to deal with.

GoldEx offers buying, selling and exchanging of numberous eCurrencies. GoldEx has been operating since 2001 and has many very satisfied clients from every country in the world. GoldEx is currently accepting E-gold sales and funding to the GoldEx debit card. The debit card costs $50 and is shipped very quickly and well worth every penny that it costs to purchase one. Purchasing the card does not require any disclosure ofpersonal identification except for your name and mailing address, nor does funding your GoldEx card. Below is a list of the Goldex debit card’s fees and features.

GoldEx Card Fees and Features

• Monthly Maintenance Fee $4.95
• US ATM Monetary Transaction $1.25
• Domestic ATM Balance Inquiry $1.00
• Domestic ATM Decline Fee $0.75
• International ATM Monetary Transaction $4.00
• International ATM Usage Transaction $1.00
• NOTE International ATM Usage includes Balance Inquiry & Declined Transactions.
• PIN-Based Point-Of-Sale Purchase Transaction $0.55
• PIN-Based Point-Of-Sale Decline Transaction $0.55
• Card Funding e-gold 10.00% V-Money 3% - Pecunix 4% - WebMoney 5% - Minimum Fee $10.00
• Replacement of card (lost or stolen) $20
• Bank Funding Fee (per funding)$3.00
• Daily withdrawal limit : USD 3,000
• Maximum per ATM withdrawal: $500
• Maximum load amount: $7,500 daily $30,000 monthly
• No Name on the card
• 100% Security & Privacy
• Pay Merchants anywhere
• Ideal for Family & kids
• Easily convert your Gold or Ecurrencies to Cash
• Affiliated with the VISA PLUS Network.

The GoldEx card is affiliated with the STAR - VISA® - PLUS network, it is accepted at over 5 millions Points of Sale (POS) worldwide and in some 650,000 ATM machines displaying the ‘PLUS’ logo, throughout the world. The card can be funded by Egold, WebMoney, Pecunix or V-Money. Card fundings normally take place the SAME DAY, and usually within hours. Card will NOT be shipped to certain countries due to banking regulations, so make sure to check with GoldEx support before ordering.

If you’re interested in opening a GoldEx account, please click the banner below or visit http://www.goldex.net

Please feel free tocomment on this article and share your experiences with GoldEx. Also, GoldEx supporters, stay tuned for an interview with Marco from GoldEx in the near future.

A week ago we saw the Dow Jones close at it’s record high over 14,000 and many analysts hearlded the beginning of a new Bull Market. Today, Wall street was stunned by a selloff that caused the market to plunge back even further below last weeks highs and has analysts talking about the possible emergence of a Bear Market.

The Dow Jones industrials closed down more than 310 points after earlier dropping nearly 450 points today marking one of Wall Street’s biggest losses of 2007. Fueling the downward spiral were concerns that higher corporate borrowing costs will stifle the rapid pace of takeovers that had driven stocks higher throughout this year. Investors also felt the bite from sluggish home sales and a continuing rise in the number of subprime loans that went into default in recent months. The Commerce Department released yet another disappointing report on home sales and corporate borrowers feeling the eniornment not suitable decided to sell off to ease the discomfort cauesd by subprime mortgage problems.

The rollercoaster ride for investors this year has many people wondering how their retirement and personal investments will weather the storm. While stocks plummeted, savvy investors poured their funds into the safe haven of the bond market. however, the soaring price of T-Bills has lowered yields resulting in the 10-year plunging from 4.90 percent on Wednesday to 4.79 percent on Thursday. Admist numerous report that the US economy is on track, many investors are growing weary of the volatility this year has seen.

It is worthy to note that sharp declines in the indicies such as seen today are usually followed by rallies in the markets but the overall effect for the common investors who have their 401K’s in Mutual Funds will be felt far longer than for the broker/dealers. To most of the common investors out there, a day like today will likely take months to recover losses in one’s portfolio.