Thread: Unbelievable; StormPay resorts to blackmail

Well, I say it't time to boycott SP altogether and show them who really runs the show. Us, the members. Without our support they will crumble like the Berlin wall. I had already pulled out just about all my funds from them a few weeks ago. I sure hope 12DP can put a hurt on 'em!

In sending this link to my daughter...we discovered a discrepancy in her link and the one I had:

http://system.stormpaypro.com/stormclix.php?ref=18

(Mods....this is not my referral link....just trying to show the differences between the two links.....read them and see.)

One says something totally different then the other!

It also states that they are not owned or operated by Stormpay.....just wanted to set the record straight, but still don't know why each would say something different?

Read the "You May Ask What Can I Expect?" section on both.

jjm

Dear StormPay Member,

Please read this news update as it contains important information concerning your StormPay account as well as spends from your account to the "Auto-Surf" industry.

Traditionally "auto-surf" is a "traffic exchange" industry as to where persons gain traffic credits for promoting their URL (website address) in exchange for viewing websites offered by others. Any monies taken in on these types of "traffic exchanges" are normally for upgrades to have your URL (website) shown at a higher rate of exposure. For an example of how a true auto-surf works, you can visit www.autohits.dk or other sites comparable.

"Paid to click", or "Paid to Read" types of sites are normally where an advertiser pays to have his/her ad displayed and the end user gets paid a portion of the advertiser dollars for clicking on and reading/viewing the ad. The end user who is being paid for reading/viewing the advertisement does not spend any monies to participate. An example of this type of service is StormPay's own "StormClix" where participants are not charged to view advertisements and are rewarded an account credit for viewing the advertisement.

It has recently been brought to the attention of StormPay Inc. that the current rash of new Auto-Surf and Paid to Read accounts are NOT operating in the traditional manner. Further investigation by both StormPay and other outside investigational organizations/law enforcement agencies have have drawn early conclusions that these types of programs are nothing more than well hidden "Ponzi" or "Pyramid" schemes. While many of you may not agree, or wish to agree that these programs or illegally operated ponzi's, there are many facts that that are unavailable to you, or that may have been hidden by the operators of these programs. Please note that StormPay's user agreement has always banned merchant accounts for these types of activities.

Throughout the investigations into these programs, StormPay has asked the "Merchant(s)" to provide a detailed explanation of the workings of these programs including how profit margins and customer payments are made. These questions were asked point blank by StormPay while on a conference call with the owner/operator and their attorney. The requests for information from the "merchant" were simply denied leaving StormPay no choice other than to report those findings to the other organizations who required the information from StormPay. These findings and reports caused the seizure of funds of the merchant(s) StormPay accounts until all legal matters are resolved. Please be reminded that this could have been avoided if the merchant(s) could have, or would have provided information proving no illegal pyramid or ponzi activity.

Furthermore, investigations and calculations show that these merchants were already at an "upside down" point where they are/were not able to meet the financial obligations made to their program participants. These merchants who were already failing to make good on their claims seem to now be using StormPay as their "Scape Goat" for the failure of their own pyramid or ponzi scheme. These programs are always doomed to failure and for that very reason, deemed illegal. Please site the following from StormPay's user agreement:

"17. Get Rich Quick" Schemes: Get Rich Quick Schemes are prohibited resell items by StormPay. Get Rich Quick schemes include any type of self-employment, start-up businesses, or investment opportunity where the claims of profit or returns on investment are unrealistic or unsupported. By law, if a business opportunity costs $500.00 USD or more, the promoter is required to support any claims regarding earnings or profits with written documentation.

Pyramids don't pay. StormPay Inc. and the Federal Trade Commission caution consumers about clubs or programs that promise quick money for recruiting new members. Don't bank on the pyramid promise that someone else will pay you. For more information on get-rich-quick schemes, visit the FTC at www.ftc.gov."

We know that the most prominent question in your mind is "What happens to the money I sent these programs?" Answer: At the moment any funds frozens in these merchant's accounts are frozen and not payable until all investigations are completed. At such time investigations are completed, any remaining funds will be released to the merchant's, or refunded to the purchasers, based on the outcome of the investigations. Please be aware if determination is made that these are ponzi schemes, a great deal of the funds received by these merchant's will have been used to pay obligations to those who joined earlier into the programs. In other words, they will have used your money to pay other members thus creating a deficit of funds needed to refund all users. Please be patient while investigators decide the best procedures for handling this serious situation. Contacting your credit issuers or banks requesting chargebacks only compounds the problems for all involved, including the mercha
nts and their customers, and delays returns of any funds. These actions could also be punishable by law.


StormPay will keep you updated of developments as information is available and allowed to be released.

StormPay Inc.

Originally Posted by jjm

Yeah, here's the link and they will pay 7.5% daily:

http://system.stormpaypro.com/

I really see nothing wrong with them opening their own surf site....but just don't understand them eliminating other surf sites from using them as a payment processor. That's kind of like cutting off your nose to spite your face! I mean, they've just eliminated a big chunk of change from their coffers, don't you think? How many new surf sites would have used them....I'm willing to bet....none now!

Actually, that is not Stormpay's own auto-surf. That site even says on it that they are not owned by Stormpay, and that they just use them as their only payment processor. I guess not for long...

Originally Posted by fred

Furthermore, investigations and calculations show that these merchants were already at an "upside down" point where they are/were not able to meet the financial obligations made to their program participants. These merchants who were already failing to make good on their claims seem to now be using StormPay as their "Scape Goat" for the failure of their own pyramid or ponzi scheme. These programs are always doomed to failure and for that very reason, deemed illegal. Please site the following from StormPay's user agreement:

I got this joke of an email too. What's this crap about not paying?? 12DP have paid me on time, every time. They even paid me 2 days ago! (looks like I just got it in time!!)

Of course StormPay are the scape goat for not paying - they froze the f*****g account!!! How the hell can they pay now?!

Worst part is I want my money out of SP, but can't get it. I've got less than $2500 so can't do a Wire Transfer, but haven't got a debit card and can't get one as they are out of stock! They're sitting on over $1500 of my cash and I want it.

Interesting,

So now Stormpay notified FTC-Scams in order to justify withholding our funds and they will be keeping it locked up until investigation is over, and that as we know could take years, so kiss this one off too as no company has ever come through FTC unscathed, never mind being blackmailed. Stormpay must be made to pay, so everyone should be contacting FTC and complete a complaint form against them. It is easy to do, just visit FTC-SCAMS for link to form.

If they think they can just make an arbitrary complaint to hold funds and gains tons of interest on our money, then let them learn a lesson and file a complaint on them for freezing our accounts. Fight fire with fire is what I always say, so lets put them out of business and see how they feel about having all their funds frozen and see how long they stay in business. Remember, anybody can complain about anything, right or wrong, it is not up to us to decide, so go to FTC-SCAMS and get the official link to file a complaint.

Good luck to all, Mike

FORM: http://www.environmental.builderspot...ge/2878218.htm

Mike,

The problem I see with that is if the FTC freeze Stormpay... then how do we get our funds out?

Originally Posted by nej

Mike,

The problem I see with that is if the FTC freeze Stormpay... then how do we get our funds out?

That's the problem, once they reported 12DP to FTC, they were not planning on refunds until investigation is over, so they are playing it safe, and they win either way. If you have DP funds pending, you might as well right it off, but if you have other funds, then witdraw and then file complaint that you are being refused on DP funds. It takes time for FTC to act, but Stormpay needs a dose of their own tactics.

Good luck to all, Mike

Agree, Mike. Luckily...I only have about $3 in my Stormpay account....and none pending from DP.

jjm

StormPay acted like criminal.
I think the truth is what Charis said: StormPay has no sufficient funds to pay.
I cannot believe CEO of SP is lawyer!
Lies, manipulations and blackmail = StormPay.