Thread: Unbelievable; StormPay resorts to blackmail

Big trouble afoot.SP=Stopped Payments.

Everything to do with SP raises a red flag.Anybody remember the scam

SHARED PROFIT ?

Hi,

today I tried to log in my stormpay account, but the submit button vanished from the log in screen.

Anybody else? Or just me?

Have they frozen all member accounts?

Could we as members get in some trouble because of investing in Hyips?

Originally Posted by sons of kyuss

Hi,

today I tried to log in my stormpay account, but the submit button vanished from the log in screen.

Anybody else? Or just me?

Have they frozen all member accounts?

Could we as members get in some trouble because of investing in Hyips?

Interesting,

With all the US based ecurrencies under attack, IntGold, eGold and I will bet Stormpay, I believe this is the real reason for stealing our account funds, as well as 12DP funds, for they know their days were numbered. After all, Stormpay already has a cease and desist order against it, so the feds were probably knocking on the door and that is why the money is gone, and 12DP was an easy scapegoat. File those complaints with FTC-SCAMS and do to them what they did to so many here, freeze their funds.

Good luck to all, Mike

Originally Posted by fred

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.

Interesting,

Stormpay site still down, so complaints worked faster than lightening striking, keep them coming.

Good luck to all, Mike

who you going to believe the prosperity police? thats what people thought about pips ponzi this and that its always a ponzi.
maybe 12 daily really was working
I dont think we will ever know.
you know after this Egold doesnt look so bad
ebullion is the best as well as EMO.
I lost 4800$ trying to exchange from egold to Ebullion @ goldxcash.com
so anything that is third party and not a tryed and true ecash can and will take your money.
I think as more and more stuff like this happens we will lose our money freedom all together to soon as the GOV comes in to save us all from our selves.

"we will lose our money freedom all together to soon as the GOV comes in to save us all from our selves."

If Government gets involved it will mean higher pensions for them @ our expense.

SP goes to Jail and the authorities.....will say give us 1/3 of the money and you are free.

What bothers me is that 12dpro has been doing this since May of last year and all of a sudden Sp pulls this. Something verymuch not right here.

Originally Posted by pama

What bothers me is that 12dpro has been doing this since May of last year and all of a sudden Sp pulls this. Something verymuch not right here.

Pama,

I agree something is not right. From the recent posts I thought all my money was gone but just checked my bank account and StormPay paid me for a withdrawal request I made on 1/28. Have another on 2/2, will respond as to its results.

poster

http://www.theleafchronicle.com/apps/pbcs.dll/frontpage




It seems that Steve Girsky the CEO of StormPay is also a lawyer from a particularly famous local law firm.

He is practically neighbours with John R. McConnell Jr.

It is about 1/2 a minute from StormPay Inc. to NetIBA Inc. on foot.

I have wayback archive screenshots of TymGlobal Inc. the website that used to be run by John R. McConnell Jr. which actually seemed to spawn StormPay. He was issued a Cease and Desist order regarding TymGlobal in which the business enterprise was declared to be a Ponzi or Pyramid scheme.

....... well no resolution in sight, in the mean time a lady has started this petition here http://www.petitionspot.com/petitions/ourmoney


"I intend to provide this petition to as many law enforcement agencies as are involved in the investigation, to the news media (I've been in contact with CNN, FOX and 20/20 trying to get them to run the story), and any attornies filing class-action lawsuits.

Please let everyone you know sign up forthis so I can get enough signatures"

There are already well over 2000 signatures on this petition and I urge you all to join in even if you personally have had not had any money taken in this disaster, please do it to help your fellow forum members/friends who have been ruined by this.

This petition can only help us so thanks to anyone who is willing to sign it.

http://www.petitionspot.com/petitions/ourmoney