Thursday, 18 March 2010

Amway apologists always try to divert people's attention

No one could wake up a pretending person. IBOFB is once again pulling an innocent face and asking if everybody wants to complete one's own leg, it won't be 6-4-3 business model. He knows well that it is exactly what every IBO does as a distributor of Amway junk. The real motive behind the business model is to create an infinite chain of membership and to exploit people in the name of selling products. Such crooks unfortunately inspired many and many joined the bandwagon out to loot people.
Tex, the stupid don't even remember what the scheme is but inquires whether someone prompted me to submit that question. I have made it many times clear that I rely on the judgement of Andhra Pradesh High Court and the judgement was based on the affidavit submitted by Amway India itself.
Tex should realise that purchasing of tools is not compulsory but purchasing of products is must in the Amway scam. Unless one purchases products worth Rs. 2000 every month, he stands to lose his commission. That is the trap. They may be induced or even hypnotised to purchase tools.
These crooks always try to deviate the issues and divert the attention of people from the real dangers of joining such schemes.
My dear fellow humans all over world! Do not fall prey to the devious tactics of these crooks and lose your hard-earned money.

Hooded IBOFB extrapolates non-existing meaning

Shyam
The world according to the puerile and abusive Mr. Scott 'Tex'Johnson, is a pretty odd place. Apparently, he believes that by exposing the totality of the 'Amway' mob as a major organized crime group, we are assisting its millionaire under-bosses to commit advance fee fraud. He also apparently believes that Mr. Steadson is not part of the 'Amway' Ministry of Truth and that Bernie Madoff investigated, arrested, prosecuted, judged, fined and imprisoned himself.
Yet again, we have the 'Amway' Lord Haw Haw, Mr. ABOFB Steadson, demonstrating the devious art of reading a clear unambiguous text and then extrapolating a meaning from it which does not, and cannot, exist, and then calling me a 'liar'. However, your readers can see that it clearly states in my previous post that I obtained an 'Amway' steel cooking pan which originally cost in its set about $1000. Mr. Steadson has very foolishly directed us to a Website which reveals that the actual amount of money individuals are required to hand over in exchange for this collection of 11 banal 'Amway' cooking pans, and their 11 plastic-mounted lids, is closer to $1500. On the same Site, individual items from this set of are priced at several hundreds dollars. Remember, these everday products are supposed to be directed at ordinary customers, not millionaires, but what ordinary person would voluntarily shell out several hundreds dollars for a frying pan when superior equivalents are widely-available in traditional retail outlets for just a few dollars?
Ignoring all common-sense, the inflexible Mr. Steadson keeps assuring us as to the good value and high quality of all 'Amway' wampum, and who does he bring forward as his unbiased witness? - His dear old mom. Frankly it's just absurd. All one has to do, is take a look at the photos on 'Amway's' own Site to see that the insignificant pans the organization offers (at prices so stiff that they make a free-thinking person's jaw drop) are a pretext to induce ill-informed victims to make significant contributions to a closed-market swindle or money circulation scheme. Like the rest of 'Amway's' overpriced junk, these pans are nothing out of the ordinary and, thus, they are (effectively) unsaleable on the open market. Indeed, don't take my word for it - just look on the open-market of e-bay (particularly, in the USA) where there is always piles of untouched 'Amway' wampum (including the cookware) constantly being off-loaded at prices that represent a mere fraction of the original fixed cost to wide-eyed 'Amway' adherents.
David Brear

Wednesday, 17 March 2010

The real inducement for buying overpriced Amway junk

Shyam
In the video interview which I attached to my previous post, Mr. Harry Markopolos (a highly-qualified mathematician and financial analyst) explains how, by 'reverse-engineering' Bernie Madoff's fiercely-complex so-called 'split-strike conversion strategy,' he was able to prove (within a few hours) that what Bernie Madoff claimed to offer to his so-called 'investors' (i.e.'perpetual profits') was a seductive, but nonetheless pernicious, lie. In simple terms, even though Mr. Markopolos knew the mathematical theory of how Bernie Madoff's apparently infallible 'investment strategy' was supposed to work, he was unable to get it work on paper.
However, in the end, in order to send Bernie Madoff to prison for 150 years, US law enforcement agents and prosecutors didn't have to submit any complex calculations to the judge. Amazingly, only after Bernie Madoff confessed, was the full panoply of US law enforcement able to uncover the self-evident truth that Bernie Madoff's miraculous ever-growing 'multi-billion dollar hedge fund' was an absurd fairy-tale spun by a dangerous, mythomaniac economic-alchemist. For years, Bernie Madoff had steadfastly pretended to be taking wealthy people's capital assets and multiplying this money by making endlessly-profitable trades in financial markets. Yet, by just looking at the virtually non-existent external bank transactions of 'Madoff Investments,' FBI agents were able immediately to confirm that Bernie Madoff hadn't been making any external trades at all. Indeed, in the end, his so-called'hedge fund' (which only contained his victims' cash) had a $50+ billions deficit. Many years previously, Mr. Harry Markopolos had explained this frightening closed-market reality to senior officials at the US Securities Exchange Commission (when Madoff's scheme's deficit was much smaller) but, unbelievably, these highly-paid ostrichs refused even to check whether Bernie Madoff's obviously-fraudulent money circulation scheme had a significant and sustainable external source of revenue other than its own victims.
Essentially, the identical situation exists today at the US Federal Trade Commission with regard to numerous closed-market swindles and allied advance fee frauds disguised as fiercely-complex so-called 'Multilevel Marketing Schemes,' but which have never had a significant and sustainable external source of revenue other than their own victims.
We know for certain that various highly-paid ostriches at the FTC (including former Chairman, Timothy Muris) have been in receipt of stolen cash from the 'Amway' mob, and that the Republican administration which appointed these selectively-blind officials was itself in receipt of stolen cash from the'Amway' mob. As yet, we don't know what inducements might have been given to senior SEC officials and their political masters to turn a blind eye to Mr. Madoff, or even if this strong possibility has been rigorously investigated.
For those of your readers, Shyam, who might be interested, information about the US Securities Exchange Commission can be found at http://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission . In reality, despite its thousands of legally-qualified officials and multi-billion dollar budget, the SEC has been proved to be little more than a joke. During all of the period that Bernie Madoff was allowed to pillage the world, the SEC maintained an 'Office of Investor Education and Advocacy.' It still exists today. However, it is very difficult to imagine what the people in this office actually do all day other than dose, because (according to them) they are supposed to: 'help educate the public about securities markets and to warn investors of fraud and stock market scams.'
The Amway' Lord Haw Haw keeps squawking his latest inane question which turns out to be a big mistake on his part; for your readers might be interested to know that, a while back, I was asked to obtain a range of overpriced 'Amway' wampum by some European consumer advisors and investigative journalists. They found 'Amway' coffee to be particularly coarse and repulsive (at the time, this was about 4-5 times the price of similar low-quality products in French discount stores), but the journalists were mostly interested in a steel cooking pan (originally-priced in its set at around $1000). This shiney object was appraised by the former manager of a large Parisian hotel, turned-restaurateur (a man with over 30 years experience in buying kitchen equipment). He stated that the 'Amway' pan was of the thinnest gauge metal which would melt on direct induction cookers, and that a similar low-quality pan could be bought for a few Euros in any discount store. He simply couldn't believe how much it had been originally sold for. What this man couldn't know was, that by handing over around $1000 in exchange for this 'Amway' Wampum, 'Amway' adherents could immediately pretend the level of so-called 'Business Volume' which, if maintained, would allow them to qualify for a much higher level in the 'Amway' hierarchy. This was the real inducement for 'buying' this overpriced junk.
David Brear

Every Amway IBO tries hard to complete one leg of 102 members

Let us move on to the next step. The masked IBOFB poses an idiotic question. How come there be more than 103 persons in the Amway.
In the 6-4-3 scheme, if a member/distributor completes one leg that is 102 members, he is sure to earn Rs. 62,150 every month (as per the new business plan of Amway India) assuming all these members purchase products worth at least Rs. 2000 every month. But all these members would not sit idle purchasing products. Everyone of them wants to complete his own leg and everyone tries hard to enroll more members to complete that one leg comprising 102 members. That is why it is called infinite chain and that is what the Supreme Court of India described it as mathematical impossibility.
Let us go back to the judgement of Andhra Pradesh High Court. In the para 34 of the judgement the Honourable Court stated that it is evident that the whole scheme is ingeniously conceived that the inducement for aggressive enrollment of new members to earn more and more commission is inherent in the scheme. By holding out attractive commission on the business turned out by the downline members, the scheme provides for sufficient inducements for its members to chase for new members in their hot pursuit to make quick/easy money.

Tuesday, 16 March 2010

Overpriced Amway wampum is a red, white and blue herring

Shyam
I see that Mr. Scott 'Tex' Johnson's has offered your readers his unsolicited, simplistic version of the complex events surrounding the arrest of Bernie Madoff.
According to Mr. Bernie Madoff (who plead guilty at his trial) and his attorneys, when the world economic crisis hit and too many of his victims demanded their fictitous profits (which obliged him to confess to his close associates, including his wife, sons and attorneys) Mr. Bernie Madoff was the only person in the entire world who knew about the absurd Ponzi scheme camouflaged by 'Madoff Investments' and its miraculous ever-growing '50+ billion dollar hedge fund.' After receiving a comprehensive statement from Madoff's sons, via their attorneys, agents of the FBI finally arrested Madoff in New York City and charged him with multi-billion dollar securities fraud. In reality, Mr Harry Markopolos http://www.youtube.com/watch?v=_D8asfMtx1o had worked out exactly what Madoff was doing many years previously, and on several occasions he approached senior officials at the US Securites Exchange Commission in two cities with detailed explanations and complaint, but these officials did absolutely nothing to stop Madoff and hold him to account. Amazingly, all these dunces with diplomas had to do was simply verify that Madoff was actually making all the endlessly profitable tradeswhich he claimed. However, it was common-knowledge in certain quarters of the financial community that Bernie Madoff was a psychologically-dominant charlatan, protected by an aggressive echelon of attorneys, who wasn't actually trading at all. There is a long list of companies and individuals who refused to have anything to do with Madoff, but who never breathed a word of what they knew to the federal authorities. It turns out that there were various low-level officials at the SEC who knew that Harry Markopolos was perfectly correct, but who were obliged to remain silent. I've actually talked to some of them.
A whole hat-full of individuals (including Madoff's wife, sons and attorneys) had been receiving piles of stolen cash for years. A mystifying labyrinth of legally-registered corporate structures (known as 'feeder funds') existed all around the globe which had been used to deceive victims and channel billions of dollars into Bernie Madoff's control. Many of the well-heeled victims who handed their wealth to these 'feeder funds', had no idea that Madoff was behind them. Despite Madoff's claims, various individuals who were involved in this criminogenic labyrinth have now been held to account.
I'm fascinated to observe that Mr. Johnson doesn't have the slightest empathy for his fellow 'Amway' victims. Indeed, he finds the fact that millions of people around the world have been defrauded, a huge joke. Interestingly, Mr. Johnson does not attempt to refute my deconstructed analysis of what are the essential identifying characteristics of all closed-markets swindles, no matter how they are camouflaged externally. His childishly infexible affirmations can be likened to some arrogant clown in 2008 saying to Harry Markopolos:
'I don't give a toss for your stupid and long-winded opinion of Bernie Madoff as a thief; if the SEC are willing to give him the benefit of the doubt, then so should you.'
As for the 'Amway' Lord Haw Haw's latest inane question: - 'Have you used Amway products?' - it should be abundantly clear (to anyone with fully-functioning critical faculties) that 'Amway's' overpriced wampum has always been a red, white and blue herring. This (effectively) unsaleable all-American junk really does exist, but only as a pretext for getting ill-informed individuals to make regular contributions to a camouflaged closed-market swindle or money circulation scheme.
David Brear

It is only money circulation scheme, Masked IBOFB

After Clueless Tex and Baffled Trivedi, the Confused IBOFB joins the bandwagon of brainless chicken. Otherwise, is he feigning ignorance? Everyone is aware of the 6-4-3 scheme and it could be understood that IBOFB pulling a confused face. Or is he poor in mathematics?
The IBOFB claims to have read the Andhra Pradesh High Court Judgement. The Division Bench quoting the affidavit filed by Amway India itself elaborated the scheme and came to conclusion that the business model of Amway India is illegal and attracts the provisions of the Prize Chits & Money Circulation Schemes (Banning) Act, 1978.
On one hand, the Baffled Trivedi says that there is no bar on the number of distributors to be enrolled and the Confused IBOFB says otherwise. According to him, 6-4-3 means in only 78 people. 6 X 4 = 24 and 24 x 3= 72. 6+24+72= 102 +1(the first distributor) = 103. This is the simple maths, And it goes above the confused IBOFB's head.
According to Trivedi, a distributor could enroll any number of distributors. And no compulsion to enroll too,Trivedi says. And which one is true. Is it somewhere in between?
IBOFB no more tricks. Come out open by removing the mask. Why don't you be honest to yourself?
Let us recall the case of GoldQuest International which employed the same trick of selling products i.e. gold medallions. Now the CID has gathered the names of more than 2700 persons who amassed commission of more than Rs. 50,000. It could do well the same technique with the Amway India's money circulation scheme. That is what has been asked in the rejoinder submitted to the Chief Metropolitan Magistrate Court

Monday, 15 March 2010

Squawking Amway apologists trying hard to provoke

Shyam
Your little flock of resident, intellectually-castrated 'Amway' apologists are still squawking their heads off and trying, but failing, to provoke us into anger.
The absurd, but nonetheless dangerous, 'Amway' Lord Haw Haw, Mr. 'ABOFB' Steadson, is unable to disprove that (for more than 50 years) virtually no transient non-salaried commission agent of the 'Amway' organization anywhere in the world has managed to conduct any sustainable retail activity with members of the public. Thus, the overwhelming majority of the vast capital assets which the billionaire bosses, and millionaire under-bosses, of the 'Amway' mob have acquired control of, can only have come unlawfully from the tens of millions of constantly-churning victims of a classic, camouflaged closed-market swindle and related advance fee frauds. In reality, the origin of all this stolen wealth was essentially the same as that of the erstwhile-billionaire swindler, Bernie Madoff (sentenced to a 150 years federal prison term) and the erstwhile-millionaire swindler Charles Ponzi (who served a total of 15 years in federal and State prisons).
For years, all these (otherwise-mediocre) economic-alchemists steadfastly pretended to be generating vast external profits, but they actually peddled infinite shares in what could only be their victims' own finite money. It is a shameful indictment of US political leaders and senior officials at the US Dept. of Justice, who have allowed this American-spawned criminogenic phenomenon to adapt its camouflage since WWII, escape rigorous investigation in the land of its birth, infiltrate traditional culture and infect the rest of the world. One self-confessed chronic 'Amway' victim, Mr. Scott 'Tex' Johnson (an American citizen), puts forward the ethnocentric, morally and intellectually reprehensible point of view that, because a recent crop of senior officials at the US Federal Trade Commission (who were appointed by a Republican administration corrupted by stolen cash from the 'Amway' mob) have turned a blind eye to so-called 'MLM', then it can't be unlawful - even outside of the USA. However, senior law enforcement agents at the US Securities Exchange Commission also turned a blind eye to the camouflaged criminal activities of Bernie Madoff, despite the fact that what he was really doing was clearly explained to them on numerous occasions.
In the end, it was FBI agents who nailed Madoff (after he was obliged to confess) at which point SEC agents suddenly took action. As far as I'm aware, although a few senior SEC officials were publicly humiliated, not one has faced criminal charges. Obviously, it should be FBI agents who nail the 'Amway' mob, at which point, no doubt, FTC agents will suddenly take action. However, there are certain former senior officials at the FTC who, like their SEC counterparts, should be facing public humiliation and criminal charges themselves.
David Brear