PTVPartner Warning

Thanks Paul for inviting me here, and to be able to point out some major red flags we see with this program. Most of what I am going to share comes from an interview that was done with the admin of this program, Garrett Rainier.

The first red flag is this statement of his, and I quote: "The reason we selected these two processors (Liberty Reserve and Perfect Money) to begin with was to allow members the most anonymous venue of participation. Like it or not, most of the world is of an oppressive nature. Governments like control. The majority of HYIP participants don’t pay taxes on the money they earn in this arena. Governments don’t approve of this and attempt to cause problems for Members and perhaps at some point ourselves. So an anonymous entity was expected to be preferred. We personally do not want to participate with any vehicle that will cause undue scrutiny on our endeavors or those of our members."

Any time you have an admin telling you that governments are oppressive and could cause their members and them problems, and undue scrutiny on themselves is a major red flag. If you are legal, you don't worry about regulatory scrutiny.

They have announced that their main thrust of advertising will be on work-from-home sites, click-to-pay sites, and MLM sites. Now ask yourself, they claim to be this investment program, so why would they want to advertise on these specific sites instead of the normal investment sites? This is to keep from drawing the attention of the authorities to their program, but would if they were advertising on the financial sites.

Here is another major red flag, and I quote: "We have made some decisions regarding AP and STP. Since they are not offshore and potentially can cause challenges for us with respect to their government’s decision to allow or disallow participation in programs like ours. According to our terms of service, you are responsible to determine if your government will allow you to participate here or not. We are not required to uphold a KYC policy. However, if your government does not allow you to participate, then don’t. We would prefer you to remain out of our program than participate here and cause problems. We are not going to police this. What we are going to do is protect ourselves, this program and those that are in compliance."

I'm sure you recognized some of the issues I said were red flags, but the major one is this: As an investment company you cannot absolve your responsibility of complying with the KYC rule and force that on the customer by fiat. Well not if you are real and legitimate. Of course any investor should look into this being legal in their country, but that also means this investment must be registered in that country as approved by the agency that oversees investments. Here in the U.S. that means the SEC (Securities and Exchange Commission).

To sell any securities allowing U.S. citizens to invest, the offerings must be registered with the SEC, and also with each State's security agency charged with this responsibility. So all you have to do is check with EDGAR, which is the SEC's database of all registered securities approved for sale by the SEC. Another red flag is the myth of being offshore elmiinates the need to be registered in the country from which they solicit customers. It makes no difference where the organization is registered. If they sell to one U.S. citizen, they must be registered and they are not exempt from U.S. laws or law enforcement.

When the reporter who did this interview gave his intro, he said this, and I quote: "I am a bit more enthusiastic about this program than many of the recently opened short term programs I could compare it too and would not be at all surprised if we see bigger things from this one and see it run for that bit longer than such programs usually go for." Now what is striking about this statement is the admin in the interview says they will be around for the long haul. I guess the intervewer is not as optimistic about them as the admin is on this point.

Like everything, you must do your due diligence before investing in any program. There are enough red flags flying here to tell me this program has major issues, no matter what they say in their hyping this program. They also say this program is drawing a lot of people, but their website is barely registering with Alexa. It does not mean this cannot get traction quickly because it could. We just see a lot of hype with very little to back it up, and they have all the trappings of a classic HYIP Ponzi scheme.

They also claim this is a private placement offering, but this is limited to just 100 people if this is true. You also have to be a 'qualified' investor before you can participate in a true private placement. So what does "qualified' mean? It usually means that you have a gross income of at least $250,000 and assets excluding cars of $1 million dollars. I'm sure that everyone reading this is a 'qualified' investor. LOL. Another major red flag.

It is your money and you can invest in anything you feel is right for you. All we can do is warn you of things we see with this program that warrant a thorough due diligence review before reaching your decision. I hope this information has been of help to all of you, and you know how to spot some red flags you didn't know about before.

please send me information abaout lahores.job on line
I don't know is true,real job o fraud.
they offer free website.please advice to the public
that specialty merchandise corporation is lie.
I am trayin to get my monet back from them.
tank you very much

att.
sandra almonte

The problem here is that, similar to pump and dump schemes, there will be "outsiders" providing testimonials as to the validity of this plan.

The psychological conflict will be: are these people liars or does this program really work.

A number of people will choose the second option because of they don't believe the first.

But there is a third option: those providing testimonials are simply mistaken. Ask those Madoff investors who now find out that it was all a sham.

HI PAUL:thank you for the report! I hope it iS ok to GIVE A SPECIAL THANK YOU to LYNNDEL Edgington of EAGLE RESEARCH ASSOCIATES for all their hard work to get me the facts on their e-mail fraud report.with my old system they had to find a way that i could down load their report which with their hard work i was able to!so thanks to all it was a real eye opener and i'll be keeping that report on file. everyone should view it.
as always have a great day.
KEN

Paul, i have gone in 3 times to request the email fraud report and every time it won't process it be cause I did not put my phone # in. You state that we don't need to but it isn't working that way for me.

Plus if the people who were mistaken start to entertain the possibility that they were mistaken AND have recommended the program to other people they now have the potential pain of letting people they brought into the program know that they were wrong – whereas simply holding onto the belief that the program is real is much less painful in the short-term.
Sorry… forgot to say great post – can't wait to read your next one!

Joni: Sorry for all your problems. In the phone line just use a zero (put in as you would a real number) and it should work. If for some reason that still will not let you submit, then E-mail me directly: eagleresearchassoc@cox.net, and I'll make sure you get the report.

I am having our web team look into why it wouldn't let you complete the request from our website contact Email address.

If anyone else has the same problem, just E-mail me direct at the addy above.

Thanks for the info on PTVPartner. I read the info that was provided on it, but when you click on any of the links provided, the information doesn't appear on the screen until you escape out of the screen. Then the information fills in up upon exit. You might want to look into that to see why that is happening.
Lorraine

Thank u Paul & Lynndel for responding so quickly to my query. The zero's did the trick. I used them for the area code also. thanks again Joni

I have a question about a business I saw advertised a on TV a while back. Has anyone every heard of Anthony Morrison's Advertising Profits From Home? Has anyone tried this?

I am invested with PTV Partner and so far no problems. They have missed a payout yet. They gave a wonderful Halloween party at their chat room. They just gave away cash to five people in a name the chat room contest. They in the process of building a new website. I put in money that I would normally purchase lottery tickets with so it money I can afford to lose. Also they have 24 hrs support in there chat room. So far a great program.

Surfbandit:

I am sure they are very quick to pay right now, or they would die on the vine. All HYIP scams pay initially (PIPS, FLO1, FLO2, P-2-P, TroyBank, Kisntell, SI-Solid Investment, 7-Forever, Russo, VIP Invest, and I can name more but you get the picture. It is after several months the problems start, and the excuses begin. Glad to see that you only invested what you could afford to lose.

What will be telling is if they are still around 6-9 months from now with no problems paying the members. Of course they tell you where they are located with a "rea"l physical street address, all the jurisdictions they are licensed and registered in, and bio's of all the members of the invetment team, right? Time will tell, and the number of new members is slowing down dramatically, which is not a good sign for future payouts.