On the old board, PonziKiller asked:
PonziKiller wrote:Anyone that have accurate facts about this scam?
and I responded:
Is their own web site accurate enough?
Global Pension Scam wrote:Global Pension Plan is nothing more complicated than a group of people who have come together with a common interest in improving their financial standing. The program makes it possible for GPP's members to receive significant financial benefits within a few months after a quota of 100,000 members has been reached. These financial benefits may be compared to waiting years or decades for a payout from normal pension plans. This plan also removes all of the negative details connected with normal pension programs.
Normal pension plans require the policyholder to turn 65 or 70 years of age before benefits are paid out to the member. That means waiting years, even decades before any financial benefit is derived from the plan whether paid for by a company, the employee or jointly. Additionally, a less favorable point of normal pension savings is the older you are when you enter the program, the more you are required to pay to gain at least reasonable benefits when payout commences.
Based on our vast experience and extensive contacts in the financial world acquired over decades, we have succeeded in creating a very unique plan with a reputable partner. When you are invited to become a member of Global Pension Plan, your only out of pocket cost to register is 30 EUR. This fee covers all of the expenses (administration, processing, maintaining the data base and web sites, handling, banking solution, shipping, etc.) involved to maintain your Global Pension Plan membership. You will not be asked to pay any additional fees or expenses to receive Compensation and/or the Loyalty Program Rewards.
The item of expenditure most interesting to each member is the one-time Compensation of €55,000 paid to each qualifying member a few months after the 100,000-member quota has been reached. Loyalty Program Rewards will be paid out simultaneously and could be substantial also, depending on effort.
In other words, you pay them 30 Euros (about $39), and get back $55,000 a very short time after 100,000 people also pay them $39. So they collect $3.9M, and right away pay out $5.5 billion. Where does the missing $5,496,100,000 come from, you might ask? Well, it's their "vast experience and extensive contacts in the financial world", you see. Could they be a little more specific? Well, no:
Can't have anybody try to verify. Verify, schmerify. Trust us.Global Pension Scam wrote:Because we want to succeed in this business, we need to protect the privacy of all or our partners. This may sound confusing and shady, but please try to take another perspective. If we reveal the name of the insurance company, what would most possibly happen? Hundreds, thousands or even tens of thousands of people would call them to verify the information.
Oh, yeah - see that "Loyalty Program Rewards" BS? It's an MLM too.
C'mon, PK. This doesn't pass the laugh-out-loud test.