What happened to banners broker?

What happened to banners broker?

$126M Banners Broker pyramid scheme dismantled by Toronto police. Two 45-year-old men who allegedly ran a Toronto-based pyramid scheme that netted more than $126 million from people around the world were arrested this morning and face charges, police said.

Who is Behind Behind MLM?

Behind MLM is founded by a free-lance German (Ebersdorf) reporter living in Taiwan – Taipei, Klaus Bardenhagen. Klaus Bardenhagen publishes under the fake name “OZ” and Michael Turton.

Is BehindMLM legit?

BehindMLM.com is an extortion racket set up by a couple of friends called Klaus BARDENHAGEN and Michael TURTON, currently operating out of Taiwan.

Are multi level marketing companies bad?

All MLMs are bad, but some are worse than others. Below is a list of MLM schemes that have either faced lawsuits, are notorious for making people lose money, or are generally just shady (even for MLM standards). The worst MLM companies include: LuLaRoe is currently facing over a dozen lawsuits.

Why are MLM not illegal?

The U.S. Federal Trade Commission (FTC) states: “Steer clear of multilevel marketing plans that pay commissions for recruiting new distributors. They’re actually illegal pyramid schemes. Because plans that pay commissions for recruiting new distributors inevitably collapse when no new distributors can be recruited.

Why did I create the website Behind MLM?

I created BehindMLM out of a genuine interest in the MLM industry and a desire to provide the public with relevant and accurate MLM information, news and company reviews. I hope you find BehindMLM a useful resource and feel free to leave any feedback below.

Do you have to pay for banners broker?

Combo Package – If you are both an advertiser and website ownerlooking for more traffic the Ad-Pub Combo package can be purchased, even if you do not have a website. While you pay for advertising you can earn revenue to offset costs. Now for the big question – Are Banners Broker a Ponzi Scam?

Who is the end user of banners broker?

So the product of Banners Broker is: Advertising Impressions. The end user – the advertiser, who never sees or hears of Banners Broker, gets ad space that hosts his advertising, and visitors to the various websites where that ad is displayed, see that ad. There’s the product.

Is the banner broker investigation still going on?

Smith insisted that Banners Broker is ‘fine’ during his Friday conference call. He blamed ‘a little mischief’ from an ex-employee for the criminal charges brought against the company. The investigation is still ongoing, and the Banners Broker Goan office remains closed. More information here. * * *