Banners Viewer (Y-Banners) suspends business activities
Banners Viewer launched in early 2014. Fronted by Edward A. Cocchiola, the MLM opportunity saw affiliates invest between $150 to $21,250 on the expectation of an advertised $25 to $1250 weekly ROI.
Cocchiola himself appeared to have no executive MLM experience but if he was working with others, their details were kept from the public eye.
Nonetheless shortly after BehindMLM published a review on Banners Viewer the company decided to change their name to “Y-Banners”.
Around that time Banners Viewer began to exeperience downtime problems with their website. Amid ongoing problems with downtime, the Y-Banners website was taken offline and replaced with an “under maintenance” splash page.
This was then followed by the filing of a voluntary dissolution with the Florida Department of State on June 16th:
As per the filing, the reason cited for the dissolution is:
Due to technical difficulties, we found reasonable to focus our efforts to develop new products and a new line of working.
At the time of publication the Banners Viewer website has since changed from a maintenance page to one that states the site is “unavailable”:
The Y-Banners website domain is a little more interesting, citing “issues with some government agencies.”
What doesn’t make sense however is the claptrap about patent infringements:
Y-Banners has suspended all business activity while we address certain issues with some government agencies.
Since we are not currently in a position to support our network and we can no longer use the name “Banners” or part of it which could cause an infringement of the US Trade Mark and Patents, it is likely Customers will experience either interruption or discontinuation of service.
Is Cocchiola trying to suggest the word “banners” is trademarked and/or patented?
Pull the other one.
Personally I think a certain somebody likely have received a cease and desist from someone down at the Florida Department of State. I did have a poke around though and nothing turned up.
Or perhaps initial investment numbers were so low it just wasn’t worth pressing forward, so they invented the patent/trademark excuse.
Either way, Banners Viewer and Y-Banners are done and dusted. And here endeth another TelexFree reload scam.
There was an application filed for “Banners Viewer” in January 2014. Attorney was Gerald Nehra.
http://trademarks.justia.com/861/61/banners-86161064.html
http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4802:o5ntuw.2.1
PPBlog
Oh dear god. That he would go anywhere near this is beyond the last straw.
My take is still that if it was indeed a patent/trademark issue, they could have just changed the name. Either Cocchiola ran out of money or ran into regulatory problems.
Here is the owner of bannersviewer or y-banners: JAMES ALBERT group oportunity, Naugatuck connecticut.
Miami office was lease by him, cochiolla was just paid to be part of the scam.
noe group from manaus is also part of the scam. rui de melo from naugatuck ct was a pimp that had a lot of dowliners.
First I’d like to say that I am very sorry for anyone who got involved with this company. I regret the day that it was presented to me and I got involved.
I’m replying to this just to get the record straight. Yes I was involved with this company because I believed that it was legit and fell line hook and sinker to the lies.
I started a account an then promoted the company. I have very little experience with MLM and this at the time seemed to be a great opportunity.
I IN NOWAY WAS INVOLVED IN THE ORGANIZATION OF THE COMPANY OR IN ANY DECISION MAKING. I only recruited about 15 people myself this included some friends and family.
My downline started to really grow after a couple of guys in CA contacted me. These people in CA really made this thing grow and quickly became the bulk of my downline . I did not have the largest group nor I’m I the top promoter.
I do not know what happened to this company and I am still trying to find out what happened.
I am not running and hiding, like I said I am truly sorry for anyone who got involve with this scam, the truth is that we are all victims.
I will never get involve with another MLM again, it seems to me now that even in the so called legit ones only a few people make any money the rest just loose and that’s just wrong.
I was my first time on this line of business when I start a account with this bannersviewer scam.
Does anyone know how to give this scamers to SEC:
James Albert – Naugatuck CT
Jobel Pereira – Naugatuck CT
James Albert and Jobel Pereira Are in Florida running another scam ponzi.