Bidify to return to Ponzi scheme roots?
Three days ago Bidsson’s recently appointed CEO quit the company and announced the newly revamped Bidsson 2.0 auctions would be going live ‘in the next few days‘ (which hasn’t happened yet).
No explanation as to why Liske abruptly ditched Bidsson was provided and within twenty four hours of the announcement going live on the official Bidsson blog, Bidify had removed Liske’s resignation announcement altogether.
An additional three days later on November 4th, Bidify finally acknowledged Liske had left the company and in a blog post put out by “Bidify Corporate” the company wrote:
As you may be aware, our Former CEO has Broadcast a newsletter announcing his resignation.
This Newsletter has come as a surprise to us and we will release a formal announcement in the coming days.
Whether or not this “announcement” will clarify why the much hyped addition to the Bidsson corporate team quit after just a month at his post remains to be seen.
With that story still unfolding and Bidify’s affiliate’s earnings continuing to plummet, new announcements have now emerged indicating that Bidify are possibly looking at a “new” direction to take the company in.
In an email sent out to “BidifyGlobal” team affiliates within the last twenty four hours, “BidifyGlobal Admin” writes:
We have watched our bonuses and Bidsson activity slow down drastically.
(Bidify) Corporate has been working hard to address this. This Corporate staff is the most tenacious group of people I have ever had the privilege to work with.
We will soon be back to the old system and we will operate out of Europe
I am confident we will be back to the hottest and most lucrative home business in the industry.
BidifyGlobal appears to be a team co-op consisting of Bidify affiliates and headed up by Rocco DiBenedetto.
Seemingly confirming the BidifyGlobal announcment, similar sentiments from other affiliates have began popping up on Bidify’s official Facebook page.
Amongst other things, affiliate Brett Snyder writes:
Back to the old, out with the new! Old system is coming back! Tweaked Bidify v1 ; versions 2 & 3 killing momentum.
Whether Snyder is just parroting the BidifyGlobal announcement or has obtained the information from a different source however is unclear. Bidify themselves put out an announcement only yesterday certainly indicating they’d be willing to do “what(ever) is necessary” to save their flailing business:
We would like you to know our primary interests are in our Affiliates. We will continue to do what is necessary to implement features that will increase overall productivity at Bidify and Bidsson.
We will not sleep until we are back on track and our commissions and profits grow and continue to move in an upward trend.
Bidify Ownership and management has a deep respect and appreciation to our entire affiliate base that has brought us to where we are today and we will not let you down.
The “old” system both BidifyGlobal’s and Brett Snyder’s announcements are referring to of course was the Ponzi scheme points based system similar to that of Zeek Rewards. Members signed up to Bidify, invested large amounts of money and received “points” in a profit share that largely consist of invested affiliate money.
These points were valid for 120 days and paid out a daily ROI based on the amount of money other affiliates had invested on that particular day.
This of course represents a Ponzi scheme however many members argued that the bulk of the profits were coming from the penny auctions, rather than member investment.
If that were truly the case however, one can only wonder how such a drastic change in affiliate commissions could occur when Bidify changed their compensation plan to remove the member investment component completely.
If the Bidsson penny auctions were so robust, surely a compensation plan purely revolving around the legitimate retail sale of Bidsson bids would flourish?
Despite the claims of legitimacy however, that is doesn’t appear to be the case.
Looking back at Zeek Rewards, the first MLM company to run a penny auction using the Ponzi points compensation plan, when they were shut down (on the verge of collapse) by the SEC, it was revealed that a staggering 98% of daily ROIs paid out to affiliates was none other than invested affiliate money and membership fees.
As far as the Zeekler penny auctions went, on a retail level they contributed just 2% of the money being paid out to affiliates.
Despite these glaring facts indicating that without an attached Ponzi scheme compensation plan penny auctions didn’t appear to be viable, Bidify scrapped their investment scheme plan and gave retail bids a legitimate shot.
How has that worked out for their affiliates? BehindMLM “Keira” shares:
A very good friend of mine put $15,000 USD (yep, that’s fifteen thousand dollars) into Bidify last August, before the company did their compliance changes.
Their Bidify Bonus for yesterday (Nov. 3rd) was .80 EU. Yep, eight-tenths of a Euro.
As of yet no formal announcement has been made by Bidify regarding these rumoured changes and, if the time it’s taken them to clarify Albert Liske’s resignation is anything to go by, it’s unlikely a response will be forthcoming till mid to late this coming week.
Examining what information we do have right now however, one possible reason these announcements are coming from the company’s affiliates might be due to the recently assembled “Advisory Board” Bidify has been touting over the last week.
On November 1st (the same day Bidsson CEO Albert Liske quit), Bidify made the following announcement:
We have been working on setting up the Bidify Advisory Board consisting of Bidify Affiliates and we are excited about that the first Advisory Board Meeting will take place early next week.
The Bidify Advisory Board consists of 12 Affiliates from around the world, these 12 affiliates will be the organ representing the field and will be participating in decision making, planning new features and stay in constant contact with the management.
With a followup announcement coming out yesterday on November 4th,
We have assembled an Advisory Board, it is comprised of the 12 top producers and leaders in Bidify who represent different countries around the world.
The Advisory Board will convene on Monday and will continue to work with corporate to assit (sic) in the forward direction of our company.
With direct input into “the forward direction” of Bidify, could it be that these hand selected top 12 Bidify affiliates are demanding a return to the good old Ponzi scheme days?
Attempting to address the continued abysmal payouts Bidify affiliates are earning, Todd Hirsch, who claims to be the the 4th top earner recruiter in Bidify, three days ago wrote:
The main problem is that Frode tried to turn a really good rev share penny auction/mlm program into a traditional MLM program…
The End of Zeek caused all the problems… Bidify was doing a REAL profit share from REAL profits from the Penny Auctions.
Ignoring the fact that if Bidify was infact previously sharing real retail profits from the Bidsson penny auctions and not just recycling invested affiliate money, the question of why have commissions plummeted now that they actually rely on the penny auctions, it certainly seems as if Hirsch is pushing for a return to the old Ponzi points compensation plan.
BidifyGlobal head honcho Rocco DiBenedetto (photo right) also seems to support a Ponzi points compensation plan. Complaining about not having invested early enough in Zeek Rewards, DiBenedetto wrote in March 2012:
When Zeek Launched I was offered a “top spot”, as I am sure many of you who are reading this post were. I thought it was an easy 2 thumbs down for 1 main reason and never looked any further.
As the months progressed many of my strong team mates and friends diversified and joined the Zeek bandwagon with good reason. The testimonials grew, the system worked and it made many people money, in fact it was common to see and hear freinds (sic) make great money.
I still believed it was a 2 thumbs down as they would be shut down, doomed, sooner or later.
I didn’t take that early position due to my investigative process. Laws in the US deem this type of model a scheme and this was a major issue for me.
The “scheme” DiBenedetto is of course referring to is that of a Ponzi scheme but whilst indeed the laws of the US deem Ponzi schemes illegal, it is not US law that defines whether or not a business is a Ponzi scheme but rather their business model.
DiBenedetto goes on to state that he did go on to join Zeek Rewards regardless of his concerns, and later joined Bidify seeing it as an opportunity to get in on the ground floor of a similar Ponzi scheme he regretted missing the boat on:
So now comes the task of making up for lost time of NOT being in early, and replacing all of the probable associates that would have joined me had I have jumped in early.
Fast forward to Saturday night… out of the Blue, my sponsor in Bidify, Bob calls me and tells me about Bidify and sends me to the site. We looked it over for a few minutes and without hesitation, I told Bob, ALL IN!
I analyzed the site over the next few hours and just couldn’t believe it, not only is this like the clock turning back to the launch of Zeek, I was being offered a Founders position to boot and knew it’s value.
Whether Rocco DiBenedetto or Todd Hirsch are on the newly formed Bidify Advisory Board is unknown, however if these two “top earners” in Bidify’s sentiments and willingness to embrace a Ponzi scheme business model are anything to go by, it would stand to reason that the rest of Bidify’s top earners would be heavily pressuring management to return to Bidify’s previous Ponzi scheme compensation plan.
Instead of just acknowledging that a penny auction and retail bid orientated orientated plan is simply not viable and calling it day, should Bidify’s management go ahead with the relaunch of the Ponzi scheme business model – it would be a dark day for the MLM industry indeed.
Currently the largest MLM penny auction and longest running after Zeek Rewards, Bidify is largely recognised as the viability benchmark for the (legitimate) MLM penny auction niche.
Should Bidify decide that they are unable to continue business without an effective Ponzi scheme attached to Bidsson, not only would it spell the end for the legitimate MLM penny auction niche, it’d also cast severe credibility question marks over the rest of the companies operating in the niche.
In the meantime, while we wait for an official announcement regarding these disturbing developments over at Bidify, I’ll leave you with some words of wisdom from Kevin Thompson, penned just after the Zeek Rewards Ponzi scheme was shut down:
Why am I angry?
I really think we lost our minds with this model. The MLM community took the bait and walked off a cliff like a herd of lemmings. Do you want to know what happened? I’m going to be candid:
Zeek exploited the gray. They took a bath in it. They skinned it and made a coat out of it. They hired the right people and adopted the right lexicon. And who is going to pay the price? The entire industry.
This is bigger than just the participants. There’s an ocean of gray separating legitimate network marketing companies from pyramid schemes.
Instead of shrinking the gray, we fight like hell to obfuscate. As an industry, we’re self-delusional. It’s true. We think it’s better to have vague standards. But now we’re seeing first hand what happens when the inmates take over the asylum.
“Those are not investments, those are ‘samples’ given to ‘customers’ in an effort to entice them into buying more….it’s like Amway distributors giving samples of soap to customers.”
It’s not the same thing! Amway distributors are not spending $50,000 on soap, giving it all away to strangers while dramatically increasing their earning potential. Amway distributors have a direct, real connection with customers.
With Zeek, it’s just a combination of 1s and 0s on a computer screen. Who in the hell were these customers? Where were they coming from? Were they real? Were they ever asked to verify their accounts?
Nobody knew and nobody seemed to care. People knew the angle. They read from the script, mastered the narrative and explained with eloquence why Zeek was “just like Amway, but with penny auctions.”
Zeek affiliates were essentially rewarded IMMEDIATELY after they bought the bids, regardless if they were ever used. This is not consistent with traditional MLMs.
I’m angry because they leveraged your credibility. They leveraged the credibility of my colleagues and competitors. They leveraged mine. And we all look like idiots.
Kevin Thompson is Bidify’s current “legal advisor” and attorney, who the company claim they ‘work closely with on all legal aspects of operating Bidify‘:
Naturally whether Thompson sticks around if Bidify do indeed go forward with plans to relaunch their Ponzi scheme compensation plan is a point of interest.
Will Bidify forge ahead with Zeek Rewards 2.0 and make the MLM industry look like “idiots” again?
Stay tuned…
For “Founders position” read: “insider at the top of the pyramid”
Why wouldn’t Mr DiBenedetto decide to be IN
He’s been handed the keys to the Bidify HYIP ponzi bank vault and knows he will be paid ahead of the Bidify “members”
Translation: Bidify never was a MLM, but a Ponzi scheme. Attempt to go legit (real MLM) is a failure.
Well, at least KT got paid, and may be washing his hands of the whole thing soon.
It is a major red flag when a company is playing musical chairs with its CEO.
This reminds me of when the original CEO of Data Network Affiliates left in 2010, literally complaining that the company was operating in “bizarre” and misleading fashion. DNA delayed the “official” departure announcement for about a week, as it scrambled to come up with a good story.
xWhen it finally made the announcement, it misspelled the former CEO’s name and then created a cover story at odds with what the original CEO had said.
Phil Piccolo was running things behind the scenes at DNA, and the company got more and more bizarre in the months that followed.
DNA was looking for a new direction, too. It launched by selling a Narc That Car-like license-plate recording scheme purportedly to help the U.S. AMBER Alert system help locate abducted children.
When the “new direction” kicked in, it added purported retail products, including a “protective spray” that purportedly made it impossible for cameras at intersections to snap usable photos of license plates.
So, one one hand, DNA was selling a “protect the children” scheme; on the other, it was selling the means to help child-abductors avoid being detected at intersections.
Over time, it became increasingly difficult to catalog all the incongruities about DNA. There were simply too many. Piccolo more or less threatened to sue everybody on the planet. He also planted the seed that if reporters/critics/members went too far, he could bring in the leg-breakers.
If this bizarre sphere of MLM truly were interested in a “forward direction,” it would stop serving up these 1-percent-a-day (or more) train wrecks and denounce the word games of “corporate” and the serial scammers.
In any event, this sounds like the “Members Steering Committee” that the 1-percent-a-day AdSurfDaily scheme advanced as part of a bid to save itself after its assets were seized in the 2008 Ponzi case. The “Steering Committee” was part of a proposed “Monitoring” plan.
From Paragraph B of the ASD plan, submitted to the court on Sept. 16, 2008, about seven weeks after the asset seizures:
The judge presiding over the ASD case wisely said no. MLM’s Stepfordian wing demonized her, pretty much in the same fashion the Zeek receiver now is being demonized.
As Oz has pointed out, a Ponzi/pyramid is a Ponzi/pyramid regardless of where the servers or business address is located.
It the earliest days of DNA, its data showed an address in the Cayman Islands.
PPBlog
I’m guessing they’re going to operate out of some ponzi-friendly country in Europe rather than face the probable close scrutiny of penny auction schemes by the SEC in the wake of Zeek.
Linda Helin is another one of the Bidify top leader(surely sitting on the affiliate board)with a scammers reputation. She goes a long way back in the days and can easily be found on google if you add the word scam after her name.
She has had some serious involvements with companies such as, Everything Wireless,Juugo and is supposedly the same person who sold corporate positions in zoom for as much as $50,000.00. She also is known to lead an affiliate following called the JJ’sGang.
She can also be seen in Juugo associating with Frode, a good indication that the old school connections have remained.
I seriously doubt they will reveal all the top names of this new board, but when/if they do, the press will have a hay day I am sure.
Looks like Kevin Thompson has not been consulted on anything regarding the proposed reverting back to a Ponzi points comepensation plan.
Answering a query on whether or not the assertions from top Bidify associates was true, Thompson wrote a few hours ago on his official Facebook page, “I do not make the decisions, Artis. I have yet to see this new model, BTW.”
And you can bet that if they indeed put up a new model without his consultation, he’d be out of there in a jiffy.
Strange how they removed Liske resignation letter shown above on this thread from the site, yet kept this post on the site! Are they trying to fool any visitors to the site by doing so?
You might find this information very interesting to look at!
Notice on slide #13 that this person seems to have been a member since 24/01/12?
getbidified.com/back-office-orientation/
On slide #7 you can see who the top 10 producers are.
Also on slide #31 you can see the affiliate link belongs to JJsGang.
Bidify Update
http://bidifyupdates.com/2012/11/09/bidify-update/
Man I had flashbacks to Zeek when I read this. They were constantly blaming their problems on this, with the exception of an affiliate strike. Most Zeekers were strictly Kool Aid.
What can they possibly do to “improve there business model” ?? If they are having to do this..then it wasn’t a real, honest, penny auction program with NO real buying penny auction customers rather than shuffling Affiliate’s money around.
It won’t last..give it til end of year.
Regarding the update, I too wonder how “a strong focus on compliance and doing things the right way” is going to mesh with reverting back to Ponzi points. Any way I look at it the buy bids (invest) and give them away model is flawed.
Interesting that despite saying they’d address it “within a few days” there was no mention of Liske resigning or explanation of why.
Oh and full credit to them for acknowledging the affiliate strike. Kind of amusing seeing as we had the ringleader of the strike come here and claim there was no strike after he openly called one…
It’s kind of hard to believe anything Bidify has to say, especially when things never seem to happen when they say they will. There is always an excuse of some sort.
Wow they feel it is a wrong approach that peeps are not getting paid. Wonder if all the top leaders are getting paid?
Well that update will surely calm down all those who want to get their money out. Guess they will have to wait for the next update.
>>>Who are the members of this board? More delays!!!
>>>>>>EXCITING 2013??? Why would anyone in their right mind want to take action when they can’t even withdraw their earnings, or even know if Bidify is going to further change their pay plan back to ponzie or even still exist in the next month!
Peeps do not despair, the Admin, lawyers and advisory board will surely figure all this out for Bidify. Time is a tick’n.
So the question here is… WHY haven’t they simply OPENED AN ACCOUNT in STP or Payza? Do they have to put up millions in chargebacks collateral, when it’s only to PAY people, not to charge people?
Excuses, excuses…
Hyipsters!
Simple answer:
Bidify does not want to include any other payment processors because at this stage, when Bidify is in the decay/collapse phase, it has no interest in paying out money to the members.
Very little money is coming into the scheme at this stage, and as a pyramid/Ponzi scheme business model is to use money paid in by new members, to pay out money to older members (and to fill the owners’ pockets), there isn’t much money to pay out (except to a very small number of core members/shills).
It is still necessary to maintain the illusion that the scheme is functioning, and therefore to invent various ‘explanations’/excuses/lies/promises regarding why members are not being paid.
In this situation, Towah is an ideal partner for the convicted criminal Frode Jørgensen and his accomplices.
This is because the owner and CEO of Towah, the Norwegian Tor Anders Petterøe, is a prominent member of the Scandinavian pyramid/Ponzi scheme community (of which “Fraudy” is also a well-known character).
Petterøe’s main claim to infamy is that he was a so-called ‘World Leader’ (a sort of super-member) of the very large pyramid scheme World Games Incorporated (WGI), which conned several hundred thousand people in 2002 – 2005.
Petterøe then tried to start a WGI copycat called Nova Lusus, without much success. Thereafter he started Towah, which has operated as payment processor to several pyramid and Ponzi scams of Scandinavian origin.
Among these schemes are JuuGo, a pyramid which was operated by Frode Jørgensen and 3 partners in 2009 – 2010.
Therefore, Towah/Petterøe knows Frode Jørgense, and he knows that in Bidify’s current decay/collapse phase, the main needs are to stall and prevent payout to the members, and at the same time feed them explanations/excuses why they are not being paid.
Other payment processors, who may be interested in actually paying out money, are of course undesired.
A few people left comments regarding an “Emergency webinar” coming up on Wednesday US time. They left it in older Bidify articles so I’m reproducing it here:
No idea what it’s about but the words “emergency” and “MLM company” don’t usually go well together.
Would be good to have it recorded for future references.
I have been following this blog for quite some time. I feel that their merits far outweigh their slight bias on some topics. I actually found it most helpful to use it as a “go to” for a review on many programs. I find it to incredibly thorough, very detailed and usually a correct very proper break down on compensation and corporate structure.
It appears that they do some awesome research, are they very knowledgeable about the industry and are accurate with their assessments on company owners (if there are any) and I tend to be in agreement with their conclusions. Great Job, Thank you, You are appreciated.
I apologize for not recognizing you sooner and having to do it in a reply addressing your latest post “Bidify to return to Ponzi scheme roots?” and comment string.
Ok so, here’s where you are so far off mark and why Bidify is a great company:
Bidify is still currently running a successful auction site.
The ONLY reason Bidify acted swiftly and removed their “bonus point/profit share” component after the SEC ruled that Zeeks sample bids were an “unregistered security” is because they were a similar company (affiliate/penny auction) that sported a product with the same name as Zeek, “sample bids”
In No way, shape or form did Bidify ever operate as a ponzi or pay out in the classic ponzi fashion.
I am quite surprised the the autor of this blog did not catch it.
I am NOT surprised at the comments at all as most of them are posted by “brown nose” followers, many of them either haters of MLM, Penny Auctions or Bidify. Most of these followers have not a clue as to the the start up and day to day operations of a real company with a real corporate infrastructure let alone a legal compensation plan.
Zeek fouled the whole penny auction/mlm niche that had become the craze and a spark to a soiled industry where most lose money . They screwed it for all others that will follow.
If indeed they were a ponzi, and they appeared to be with with only .25 % of all bids being used at their auction, not to mention a pathetic auction site and activity at that, then they deserved to go down.
Zeek had the world in its hands, 1.2 million paid customer, instead of posting daily ads they could have implemented a real customer acquisition program in place to unlock rewards on bonus points.
Real customers and affiliates spending real free bids(paid for by members) that the auction could have put Zeekler at #1 on the penny auction scene, Quibids will have fallen to far away 2nd and would have been in awe of the real power of network marketing.
Imagine 1.2 million paid affiliates all getting Real customers, wow, the profits from the incredible penny auction business would have made affiliates in all parts of the world very well off with real residual income.
Bidiy Launched its Penny Auction Bidsson and they have been running successful auctions 24/7 since day 1 and still are till this very second, see for yourself.
Bidify was transparent about where all of their profits came from. They even had a stats and graph module in place to show Exactly how profits were distributed. Imagine that, transparency and integrity. They were never a ponzi point scheme as you all are suggesting here here.
By the way, can you clearly define for your readers what “ponzi scheme roots” exactly are?
Do you mean they had a business that had a “similar product” that a “ponzi scheme” (ZeekRewards) had?
Does that mean that all stockbrokers, investment advisors, financiers and hedge funds are ponzis because of Mr.Bernie Madoff?
Kevin Thompson recently quoted Richard Brooke, former member of the board of directors for the DSA, “If it quacks like a duck, it may not be technically a duck but duck hunters WILL KILL IT!”
This post and thread has created a group of hunters shooting at the wrong specie, Bidify has done everything right and they just seem to need some time to correct their their model and will soon rise to one of the hottest and most lucrative home businesses in our industry.
Another Key Bidify Asset, one very experienced staff member, Frode Jorgensen. I am saddened to say that typical of our industry, many try to market other programs by fear mongering and wrestling in the mud and have tried to scare people with misconstrued facts about Mr.Jorgensens past.
Fact of the matter is Mr.Jorgensens first hand experience puts Bidify at an advantage of not making any mistakes. Factor in Mr.Kevin Thompson (Prominent MLM Attorney, MLM Celebrity, MLM Spokesperson… ) who vetted the model and you have a real winner.
If Bidify returns to a similar form of what they had originally launched, a full legal model that payed great commissions and legally shared real profits from their Bidsson Penny Auction, you can bet your butts that not only will it fly according to regulators, it will prove to be the most powerful business model in the network marketing industry bar none.
It can help many people in our Industry who fall short in most programs.
Please be careful with your broad audience, you can hurt not only good companies but good affiliates who are tired of being on the 97% “loosing team” side.
What is amazing is that no one points out how many major “allegedly legal” legendary programs only produce a profitable income for 2.5% of their member base.
One example is TalkFusion, creating a handful of successful members compared to all of their affiliates.
Ask yourselves:
when was the last time I saw a video email from talk fusion?
when was he last time(if ever) I joined a talkfusion meeting room?
when was the last time you came across a post from the “fusion wall”?
But yet they have created 10 of the “top 500 earners” in MLM
So, to the author of this post, do you think that Talk Fusion, Organ Gold, Amway and the likes “Will make the MLM industry look like “idiots” again?
Think about, a program easy enough for the MASSES to make some money! Wow
Sure hope you give the “legal guys” some breathing room and some fair postings.
Thank You,
A True fan of your blog, a lover of our industry.
Um, that’s the premise of your reasoning?
Bidify’s daily revenue share as it stands is horrendously low. Given that this is now directly connected to Bidsson retail bid sales, it therefore stands that Bidsson bid sales are just not happening. And given the payout reports from Bidsson affiliates, certainly not at the “successful” level.
Additionally Bidsson traffic (estimate) from Alexa has been in steady decline since the compensation plan changed.
What exactly was changed back in August? Bidify stopped affiliates buying bids (removed the incentive) and effectively also stopped affiliates from pretty much solely funding the compensation plan.
Had Bidsson’s retail bid sales (affiliates are not customers, as you repeatedly state when talking about Zeek Rewards), the new compenwsation plan wouldn’t have killed the business. To the end customer, buying bids under the old Ponzi plan or the new plan makes no difference.
Getting back to Bidify’s old model (which they scrapped because it operated in exactly the same manner as Zeek Rewards’ Ponzi, except the ROI was 120 days rather than 90), given that how much affiliates funded the business dictated their daily ROI (cumitatively as a group), you don’t have to call it a Ponzi but the mechanics are the same.
Any step back towards an affiliate funded compensation plan (via internal purchasing of bids) will be a step back towards what was effectively a member funded scheme that paid out a daily ROI.
The most important fact about Mr. Frode Jørgensen’s past is NOT ‘misconstrued’:
On 15 December 2009, after appeals, the Norwegian Supreme Court sentenced Frode Jørgensen to 2 1/2 years prison (1 year as a suspended sentence) for establishing and operating an illegal pyramid scheme.
The court found Frode Jørgensen guilty of establishing and operating the pyramid scheme PlexPay Network, which was raided and shut down by Norwegian Police on 20 September 2005.
For those who can read a Scandinavian language, a summary of the ruling can be found at:
domstol.no/DAtemplates/Article____21792.aspx?epslanguage=NO
The complete Supreme Court ruling can be found at:
domstol.no/upload/HRET/Avgjørelser/2009/saknr2009-1255_anonymisert_.pdf
According to Norwegian custom, the names of the defendants are not given in these published court documents, but as ‘Defendant A’ is described as founder, CEO and director of PlexPay Network, it is clear that ‘Defendant A’, sentenced to 2 1/2 years, is Frode.
The statement “Fact of the matter is Mr.Jorgensens first hand experience puts Bidify at an advantage of not making any mistakes.” is really fabulous:
This is like saying: “Choose Frode for this job! He has done time for similar things before, so he should know how to stay out of jail!”
Hilarious!
@janbids,
If Bidify is such a good business why is it that people are not getting paid?
If Bidify is such a good business, why is it that members are dropping like flies?
Looking at everything that has been going on up to date, Bidify comes across as having something to hide.
It seems that the leaders who were all placed at the top of the company are the only ones making any real money in this venture. Many of these so called leaders have also been known in the past to rub shoulders with Frode in several ponzie schemes and obviously to this day, still are.
Are the top leaders actually getting paid even though it seems nobody else can withdraw their earnings?
Bidify is getting a real bad rap and the longer time passes on, imo the worst it will surely get. Bidify has terrible support and a very poor members update system in place.
They say something it seems to keep their members hanging on and then let everyone play the waiting game,which simply creates mass confusion.
Who are these new board members anyhow that Bidify said they would announce?
The world is fed up of being scammed over and over again by you sweet talking ponzie makers, you should be ashamed of yourselves!
I like how in your post above you first send out flowers and then you resort to calling people brown nosers! Classy!
As for a real company? Hmmmm a real company makes sure everyone gets paid!
I am certain that if your top leaders were not getting paid,(even though everyone else is not getting paid) they would have left a loooooooong time ago.
I am not surprised at your failure to defend your own position with facts and instead resort to mudslinging. However, political season is over, and you’re in the wrong arena.
The most ridiculous thing is that after we transfer our money to our Towah account we still can’t get our money back. Towah always have lots of fuking reasons,and don’t give us a exact time when it get back. Why ?
My bank wire transfer was delayed 1 month.’one month’.I never met a Online bank make the long delays.Both Bidify and Towah are surely a scam.Towah is the accessary. If they return back, I will never make business with them..
Lets get some facts straight….
I said I was the #4 TOP recruiter in Bidify.. NOT the #4 TOP earner… There is a difference!
Someone posted something about I do not do traditional MLM because it is hard work… that is FUNNY!
I am also in a physical product based MLM and I have been for years now. I like to have many streams of income.. and I wear many hats. Product developer, program owner, Admin, downline Builder, coach, marketer, investor.. ect ect..
I am still a student of MLM and I love MLM.. it is in my blood now! I am not a “ponzi lover” like you try to betray me here. I work very hard on everything I do in MLM and online.
It took A LOT of work to build the downline I did in Bidify and that includes A LOT of marketing and phone calls, screen shares, and hand holding… so it was STILL WORK to build a downline in Bidify.
I might join rev shares… but I do not do anything “passively”
I agree with some of the comments on this page.. but there is a grey area like Kevin Thomson said. I don’t live in a black and white world.. I live in a very colorful world full of opportunities.
I still have faith in Bidify and we will all see where it goes…. no one is 100% right on this thread…
Fair enough call. One has to wonder if being the #4 recruiter earns you a spot on the Bidify golden twelve.
Out of curiosity, have you been approched for a position on the advisory board Todd?
Unfortunately, Mr Hirsch, if you are as innocent as you are portraying, the only BETRAYING being done is the betraying of it’s members by the owners of Bidify.
Bidify Newsletter!
If I’m reading between the lines there, sounds like they’ve now ditched their Ponzi scheme plans (Kevin Thompson?).
How is that different to now? The current situation is that the affiliate base are failing to attract customers to buy bids now that the Ponzi side of things have gone.
No matter how “handesomely” you reward affiliates, if they can’t get legit retail customers to buy bids it ain’t gunna happen.
It sounds like an investment though, even if it’s not a Ponzi. Earn CAP’s and then you’ll get paid some ROI based on revenue, if and when the revenue comes in.
Why dress it all up in CAPs if they intend to go legit? Just pay 20% affiliate commissions like every other legit penny auction. Oh wait, no real customers, got it.
A most unfortunate acronym. Even though the context appears to be different than the traditional use of the word “caps” in online investment scams, the word inevitably conjures images of “programs” that used the term.
AdSurfDaily and Zeek, for instance.
ASD’s Andy Bowdoin spoke from the Las Vegas stage about his plan for “caps.” The grand jury that indicted him quoted him in the indictment.
One of the problems these “programs” can’t get around is that they create a steady stream of PR nightmares for both the “opportunities” and affiliates — Zeek using “caps” AFTER caps were cited in the ASD indictment in the context of securities fraud, for instance.
Inevitably the “programs” also serve up what investigators very well could describe as “consciousness of guilt” — things such as Zeek using the phrase “claw-back” weeks BEFORE the SEC filed its action.
It’s hard to view such things as historic accidents of nomenclature or mere coincidences, given their frequency.
The acronym “VIP” was used by Zeekers and also by promoters of the AdViewGlobal scam, which had clear links to the ASD scam. Both ASD and AVG also had purported “caps,” of course.
And now Bidify comes out with “CAPS.”
PPBlog
Nothing out officially from Bidify yet (they still haven’t even addressed why Bidssons CEO and VP recently bailed), however there was a co-op team call last night that spilled some beans on the upcoming comp plan.
$50 a month to qualify for commissions and they’re going back to the “affiliates buy bids and give them away” model. Bids pay out a ROI for 120 days again.
Apparently this time the bids only count if they are used.
All in all it looks to be yet another affiliate funded Ponzi scheme, paying out over 120 days. Regardless of whether the bids are used or not, it is the affiliates (members) that are buying them.
Why are they buying them?
Because there’s a 120 day ROI attached. If the bids held any value themselves why weren’t Bidify’s affiliates buying them in the current non-Ponzi compensation plan model?
I’ll do a formal write up when the company releases official compensation plan documentation. Meanwhile I’d love to hear Kevin Thompson’s views on this new plan…
IMHO, if the bids are used, then it *could* conceivably be legal as “self-consumption”, so they may or may not be challenged by the FTC. The problem again, is with the SEC and the Howey test. If they go back to old model, they’ll be same as Zeek in that regard: unregistered investment.
To qualify for the revenue share, the bids are given away to customers. The affiliates themselves don’t use them, so it’s not really self-consumption. They could of course just set up dummy accounts to funnel the bids through.
The affiliates only buy the bids to earn a 120 day ROI. The more affiliates buy bids the bigger the ROI.
Exactly the same problems as Zeek Rewards.
Isn’t Bidify using off shore accounts ? According to this article today, U.S. citizens are NOT safe banking offshore to avoid paying taxes..Ha!
http://news.yahoo.com/u-justice-department-probes-swiss-bank-pictet-151303293–finance.html
Actually OZ you are wrong on this quote
That is an incorrect statement, under the new compensation plan a profit share is not paid on the purchase of bids by an afiliate. The profit share is paid out based on the surplus profit in Bidsson for the day. That means when customers use bids it generates profit in the Penny auction.
And as for comparing this plan to Zeeks you are way off. It has been documented that only 0.25% of Zeeks purchased bids where used in the auction, in Bidify’s new plan the bid would need to be used by a customer for the affiliate to be awarded a customer aquisition point, this difference alone will make sure bids are used and profits generated in Bidify.
I think the new plan will tick all the boxes when it comes to the legal side, after all the affiliates are getting paid to attract customers to engage customers in our product, notice I said engage rather than just get customers to signup.
When you have a usage requirement by customers that ensures that as an affiliate you have done your job in fully attracting a customer to your product and hence you will have alot more real customers that enjoy the auction site and become long term paying customer’s.
For people to say that these sites cannot get real paying customers is nonsense, if that was the case then Quibids would be out of operation.
Oh please. Let’s not ressurect the absolute wankfest that was Zeek Rewards affiliate compliance.
From a customer stand point, how affiliates get paid is irrelevant. If Bidsson had genuine retail customers they’d be buying bids now. Instead, Bidsson crashed after the comp plan changes.
Why?
Affiliates stopped buying bids and propping up the compensation plan with affiliate money. You can call it “surplus profit”, but at the end of the day affiliate’s are still the ones buying bids.
That was just one problem. The other being 98% of the bids purchased were affiliate purchased.
Allowing affiliates to particpate in a Ponzi scheme again does not address the issue that Bidsson currently has next to no retail activity. All you’re doing is propping up the compensation plan with close to 100% affiliate funds.
What you think is irrelevant. Bidsson has already demonstrated failure in attracting genuine retail customers with an attached affiliate-funded Ponzi scheme. A return to that and well, we all know what happened to Zeek Rewards.
There are no customers. That’s the problem now and allowing affiliates to participate in a Ponzi scheme again does not change this (other than them creating fake customer accounts to participate in said Ponzi).
As was discussed ad nauseum with Zeek Rewards, Quibids does not have Ponzi scheme liabilities. Fail.
Can I get you two to agree on something? 🙂
Fact: Bidify so far appears to be “more” legitimate than ZeekRewards. (how much more is subject to debate)
Fact: Without actual business numbers (such as the ones revealed by SEC after closing of Zeek) there’s NO WAY to know just HOW legitimate is Bidify
Would you two agree on these two items so far?
With that being said, the “appearance” of Bidify affiliates complaining about the 2.0 and 2.1 comp plan (i.e. a pure MLM-style bid selling / commission / PV / GV plan) and Bidify going back to something superficially similar to Zeek, would SUGGEST they are NOT making much money selling bids.
Thus is the FUNDAMENTAL problem Oz is trying to point out… where is the money coming from (or in Bidify’s case, “will” come from?) If they are not selling enough bids now (to customers), where is this “legitimate profit” going to come from in the future?
The only logical answer thus far is… from each other, i.e. other affiliates, who will be allowed to buy bids themselves… and profit from such buying.
So you’ll end up earning X dollars AFTER you spent X+Y dollars on bids, and should result in a net loss for all affiliates. It may break-even if there’s enough real customers, or even yield some real profit.
But the question remains: if they are not making money now, how *are* they going to make money, with no new sources of money? The ONLY new source of money is going to be the affiliates themselves, thus… shades of a new Ponzi scheme.
As long as the convicted criminal Frode Jørgensen (sentenced to 2 1/2 years prison in 2009 for establishing and operating the illegal pyramid scheme PlexPay Network) is running Bidify, Bidify does not appear to be very legitimate.
Frode Jørgensen has been running several pyramid/Ponzi schemes (AmityFunds, JuuGo, Bidify) after PlexPay was busted by the police, so it is obvious that he hasn’t learnt much from his ‘problems’ with the law.
If Bidify is more or less crooked than ZeekRewards, is a matter of conjecture; As the ‘business’ models are approximately the same, they are probably equally fraudulent.
Now, now, while the founder’s prior criminal history is of interest, you really have to judge a business by itself, and when there’s not enough info, use the founder’s history as circumstantial evidence.
Paul Burks of Zeek had founded a bunch of failed MLMs (or at least not-succeeding MLMs) before. Though I’ve always wondered, who was it that came up with this Ponzi-style comp plan for ZeekRewards? Was it Darryl Douglas? Or one of the others?
@Kasey
I don’t need the SEC to confirm whether or not an MLM business is legit. Just their business model (comp plan).
Follow the money.
Oz,
Would you agree on this point, under the current compensation plan there is no real emphasis on gaining customers to partake in the penny auction.
This is the real reason why Bidsson has slowed down in the traffic that is going to the site. I said traffic because you are looking at the alexa stats, but there is still plenty of auctions and acivity on Bidsson.
Also would you agree, by having a customer usage requirement that this will increase real customer activity and buying? Once a customer uses the bids they have then experienced the product, some people will hate it others will love it, but it will definately increase customer buying activity rather than just a customer signup requirement which doesn’t get the customer using or engaging in the product.
I would disagree. I think there’s PLENTY of emphasis on selling bids (i.e. gain customers). This was the summary I posted back in August:
https://behindmlm.com/companies/bidify/bidify-scrap-ponzi-points-compensation-plan/#comment-89479
So the emphasis is SOLELY on bids. What other emphasis do you want? And please don’t say “let affiliates give away bids and reward them for it”. That’s what got Zeek in trouble in the first place.
@Dave
As above, no I would not agree. As it stands currently affiliates are only paid when customers buy bids for the penny auction.
How much more of a direct incentive do you want.
Nope. Customers aren’t there now. Paying affiliates a 120% ROI on their own bid purchases and those of their downlines just introduces a Ponzi element, it has no impact on customers buying bids (whether they use affiliate bought bids or not is irrelevant, as the affiliates bought the bids).
Yeah, that’s what Zeek Rewards said. Didn’t happen.
Bottom line: If you can’t sell bids when commissions are directly tied into the retail purchasing of bids, you ain’t selling them with a Ponzi scheme attached.
And just in case you still had doubts, here’s how Bidify 2.0 is being marketed by affiliates:
The more money affiliates invest in bids, the higher their ROI. The more money affiliates collectively invest, the higher their collective ROI.
Pure Ponzi.
There is not much point talking to either of you, both of you have extremely low levels of understanding of the current compensation plan or the new proposed plan and you are both blatantly oneyed.
Good luck
Oh, sure, you can’t explain how this new plan is “more about selling bids” than the old one, so you blame it on “you just don’t see it”. Ha-ha.
@dave
“Waaaaah you just don’t understand”.
Didn’t work with Zeek Rewards and ain’t gunna work here.
I wasn’t referring to you don’t see it, I was reffering to your understanding of the current comp plan, if you knew anything about the current comp plan you would see that there is no focus on getting customer’s, other than being paid the % on the customer sale.
Yeah… cause it’s not like you need customers to earn commissions on customers buying bids.
Totally no need to find customers under the currenet Bidify compensation plan, those bids will just sell themselves hey.
Face it, the only different with the Ponzi plan is affiliates are paid a ROI based on how much of their own money they pump into the system and how much money collectively the other affiliates pump into it. Customers, as in Zeek Rewards, are just a smokescreen.
see again you are showing no understanding of what i am saying, the current compensation plan is focused on getting affiliates rather than customers.
Affiliates are currently paid on customers buying bids. Recruitment is non-existant and affiliate money pumped into the business became irrelevant. That’s why Bidify/Bidsson collapsed and they’re looking to go back to Ponzi points.
(any more “you don’t understand” garbage will be sent to the spam bin)
And just HOW is current comp plan NOT emphasizing sales of bids, whereas you believe this new plan will?
Is there anyone know the background of Towah? My bank wire delayed 40 days and this poor company still don’t work!
K.Chang, the reason is very simple, the current comp plan is focused on getting affiliates into the company, with very little emphasis on getting customer’s. If you look at the current comp plan you will fully understand this.
As with any product you need customer’s using, enjoying and buying the product. The new comp plan will have the focus and requirements focused on getting real customer’s that use the bids, and you can argue allday about whether or not buying bids to give customer’s is a ponzi or not.
The fact is that if you are not attracting customer’s to your product in some form then you will have no customer’s. As I stated the current comp plan is focused on getting affiliates and has very minimal customer requirements.
Other than the fact that if you don’t have any customers buying bids, affiliates don’t get paid. But of course no, you don’t need any customers for this to happen….
Riiiiiiiiiiiiiiiight.
Please show how the current compensation plan is orientated towards recruitment of affiliates. It clearly pays out on bids purchased and at each membership rank level, the customer requirement is always greater than the recruited affiliate requirement.
Bidify affiliates are clearly only in it for the business opportunity so without a Ponzi return stopped buying bids themselves.
That leaves customers, of which there are none – demonstrating the “need” for Bidify to revert back to an affiliate funded Ponzi points scheme.
Quote: Other than the fact that if you don’t have any customers buying bids, affiliates don’t get paid. But of course no, you don’t need any customers for this to happen.
See Oz thats what I am talking about, you DO get paid without any customer’s buying bids. You get paid from your affiliates buying bids.
Now you can argue that affiliates are customer’s, but the fact is they are affiliates.
As above, without the Ponzi points ROI scheme affiliates have no incentive to buy bids.
I agree with this, which is why paying affiliates a 120 day ROI out of other affiliates bid purchases (investment) is a problem.
Well the affiliates do have an incentive to buy bids, there is a personal volume requirement, which increases for each level of the unilevel, so if you want to get paid in the unilevel you have to purchase bids.
Which is a waste of money as they have no interest in the auctions. Personal Volume does not equal an affiliate buying bids. In eradicating the Ponzi points scheme, the idea is obviously to get retail customers to buy bids and hit those PV requirements.
Due to a lack of customers existing in MLM penny auctions, this isn’t happening and things have stalled. Paying out affiliates a 120 day ROI from affiliate money isn’t going to solve this fundamental problem.
Founder: Tor Anders Petterøe, Fredrikstad, Norway.
Other officers: Family members of Petterøe.
Registered in: UK, but it was also registered in one of the islands in the English channel.
Registered in Norway:
http://w2.brreg.no/enhet/sok/treffliste.jsp?navn=towah&orgform=0&fylke=0&kommune=0
Orgnr Navn Poststed
993065846 TOWAH 42 AS, 3157 BARKÅKER
987973765 TOWAH ENTERTAINMENT, 1607 FREDRIKSTAD
896724932 TOWAH NORWAY AS, 1607 FREDRIKSTAD
TOWAH 42 AS
TOWAH ENTERTAINMENT
TOWAH NORWAY AS
Tor Anders Petterøe’s background (among other roles), he was one of the “World Leaders” in WGI World Games Inc., a Gregory James Kennedy pyramid/Ponzi scheme.
Towah itself is a network marketing company, selling the debit cards and membership / payment solutions. Members are either personal members or NWM companies — people and companies with “special needs”. 🙂
NOTE:
Towah was “relatively safe” when I checked it in 2009. The biggest red flag was the customers/members, not the solution itself. I didn’t check the e-Wallet solution back then, only the debit card solution.
Typical distribution of Towah card / Towah membership is as a part of “product packages” in other pyramid schemes.
My understanding of the MONEY OUT system in Towah:
1. Money has to be transferred from Bidify to your e-Wallet.
2. Use your Towah membership to transfer money from your e-Wallet to your debit card.
3. Withdraw money from your debit card
OK, how many real customers do you have? Or how much have they spent on buying bids in the last month?
Real customers = people not affiliated with Bidify, spending their own money purchasing bids, to use the bids in auctions.
Your description was THEORETICAL, “How it can work in theory”. So you’re probably talking about imaginary customers here, spending imaginary money?
PROFIT SHARING
Profit requires a stream of money coming IN from somewhere, e.g. from customers paying for bids. Customers CAN be replaced by affiliates paying for bids with real MONEY, but they can’t be replaced by affiliates reinvesting daily profit.
A: Customers paying for bids
–> stream of real money coming IN
–> Bidify will be able to pay money OUT
B: Affiliates reinvesting in bids
–> NO stream of money coming IN
–> Bidify can only pay virtual profit
C: Affiliates paying for bids with real money
–> stream of real money coming IN
–> Bidify will be able to pay money OUT
A generates real profit, money they can share.
B generates virtual profit, no money to be shared.
C generates money coming in to pay old investors.
I personally don’t agree with you on that, but that’s rather besides the point, as I’ve explained the way I see the current plan already.
So how does the alleged “new” plan changes things, in your own words?
Thanks M_Norway, so i don’t think Towah is as safe as they said.
My money is at stake in this situation. Can’t get money out also can’t load in bidify. What Towah want to do. Maybe our money is dead in this company.
As I can understand the above discussion between “dave” and “Oz”:
“dave” states that Bidify is a pyramid scheme. “Oz” states that Bidify is a pyramid scheme in the process of reverting to the combined pyramid/Ponzi scheme that it was before ZeekRewards was shut down by the SEC in August.
“dave” and “Oz” agree that the “product” alibi of Bidify, the Bidsson penny auction, is insignificant as a purported/real/promised income source for the Bidify members.
Well, both pyramid schemes and Ponzi scams are fraudulent and illegal, and for most participants, lead to financial loss and possible action from the authorities.
Incidentally, the pyramid/Ponzi scheme combination was the main business idea behind PlexPay Network, which was established and operated by Frode Jørgensen, current boss of Bidify. So Frode J is basically continuing along the same track as in PlexPay.
The PlexPay pyramid/Ponzi brought financial losses to the great majority of its members, and it landed Frode Jørgensen a 2 1/2 years prison sentence.
I say that a business has to be judged *both* by itself and by the history and (dis)honesty of its operator.
And here we have:
1) Bidify have clear characteristics of being a pyramid scheme; Pyramid style recruiting and insignificant products.
2) Until just after the ZeekRewards shutdown by SEC; Bidify had the clear characteristics of operating a Ponzi scam. Indications are that Bidify is in the process of reverting to a Ponzi scam.
3) The ZeekRewards scheme, of which Bidify was almost an exact copy, was shut down by the SEC for operating a Ponzi scam.
4) The main boss behind the Bidify scheme, Frode Jørgensen, has a long history of promoting pyramid and Ponzi schemes, including being founder and CEO of the large combined pyramid/Ponzi scheme PlexPay Network, which resulted in a 2 1/2 years prison sentence.
Some people say:
“Everyone is to be treated as innocent until proven guilty”, and: “Give him a chance, he may have learnt from his mistakes and improved himself.” OK, that is a good principle when the question is whether to send Frode Jørgensen back to prison, an action which requires solid proof of criminal action.
However, when it is the question of investing your money (or advising others about investing their money) into a dubious financial scheme, and the operator has a history of failed financial schemes and outright fraud, the clear message is STAY AWAY!
To use an analogy:
Let’s imagine that a person asks you to lend him the keys to your house for a night while you are away, and promises to pay you 10 000 $ in a month.
If you then learn that this person has several burglary convictions; Would you lend him your house keys??
Not only is Frode running this scheme, but also as can be seen, his other old time scam buddies such as Linda Helin and her gang of ponzie meisters.
These people make a living by taking your money and leading you to believe you will reap huge gains if you stick like glue to them. The longer they can stay in business and squeeze every penny out of you, the more time they have to set up their next venture.
It would be interesting to see if these scammers actually declare al their earnings every year.
Weird I say weird.
Below are some Bidsson auction winner listings from today.
Looking at the number of bids most have used to win,the figures don’t seem to make any sense to me.
Maybe I am reading this wrong? What is the cost to purchase 1 bid?
That looks like the bid inflation you get when you pay affiliates based on their own investment in bids (and giving them away to “customers”).
If I didn’t know any better, I’d say they’ve started up the Ponzi scheme again… the Bidify website is still showing the old plan and displaying Kevin Thompson as their attorney though – this should get interesting.
It’s a “two price system”:
* For NEW investors: $1 per bid, e.g. as an initial investment
* For OLD investors: ZERO (they don’t have to put in any real MONEY, they can pay for bids with “daily profit points”).
I have ignored any monthly bid purchases connected to the membership fee here, e.g. if they receive some bids in return for the membership fee.
* For customers: $1 per bid (if they have any customers), if the customers pay for the bids themselves with real money.
OLD investors reinvesting “daily profit” into buying more bids will not bring any “fresh money” into the system. Any “profit” derived from those purchases will be VIRTUAL, payable in POINTS rather than in money.
WEIRD IDEAS?
* Some people may believe in the idea that daily profit points will be “converted” into real money if they use the points to pay for bids.
The weird logic goes like this:
“If NEW investors are willing to pay $1 per bid then the bids must be WORTH that price, and then each of my profit points must also be worth $1 since I can use them to pay for bids. If I use my profit points to pay for bids, then my purchase will add a $1 VALUE to the profit pool”.
* Some people may believe in the idea that BIDS will be “converted” into real money when used in auctions.
The weird logic goes like this:
“Since the price for 1 bid is $1, the bid must be WORTH that price. So it will add a $1 VALUE to the profit pool when one bid is used”.
The trouble with these 2 ideas comes when people are trying to “convert” the VALUE of profit points and bids into real money, e.g. by withdrawing daily profit. Profit points do not easily “convert” into real money.
The most successful method for “converting” profit points into real money so far has been to invite new investors, and use the money they are putting in to pay the old investors. But for some reasons, new investors became rare when Zeek was shut down.
And on top of all this they need to pay the crazy shipping fees that Bidsson charges. But then again I guess they can bid and not ever pay?
I am happy sites like this exist and helps all those who might be thinking of joining some ponzie such as Bidsson Bidify and losing their dignity in the process.
Thank you.
A new website has surfaced exposing some of the dirty laundry with Bidify. Example: Has Biddson been using fake shill bidders? bidifyfraud.com
And Kevin Thompson endorses this Bidify. I better get the popcorn because the movie is about to start!
Faith Sloan is claiming the ex-CEO of Bidsson Albert Liske is behind the Bidify Fraud site:
Source: http://faithsloan.com/2013/01/27/bidify-is-a-fraud-frode-is-a-thief/
I’ve been on break the last week or so and missed the recent Towah announcement. With that and the launch of Liske’s new website, what on Earth is going on over at Bidify???
Not sure if the site is actually from Liske or if it is created by Faith Sloan, somehow I think Sloan created it, maybe to get more traffic to her own website so she can promote all her other ponzies listed on there.
Perhaps Faith Sloan can come over here and share her inside knowledge about Bidify/Bidsson since she has a long time connection with Linda Helin and her JJsGang ponzie followers.
Sloan running it was my original guess too. Guess I’ll wait and see if anything develops otherwise I might nuke the link as marketing spam.
Actually, no. He is “general counsel” for Bidify and helped the management check for law compliance and US incorporation. It’s not an endorsement (though Bidify would love to word it as such, as did many other companies)
The bidifyfraud site also has a forum attached to it which you need to register to gain access. No email verification is required. Once you register you get an email confirmation coming from albertliske (@) Yahoo.
Now once inside the site, the admin makes a claim to be Albert Liske, but somehow reading the threads it appears to be Faith Sloan using his name. You will notice one of the present threads called “Faith Sloan’s Ramblings” in which she posts some of the same info seen on the bidifyfraud page and includes her personal website blog.
From her post(s) it strongly suggest that Faith Sloan could actually be the one pretending to be Albert Liske.
It seems that perhaps Faith Sloan is using some of those sneaky MLM tactics usually used to recruit people into her other ponzies.
Is this a case of identity theft used to market to bidify members who have been scammed in order to recruit them into another scam?
Will the real Albert Liske please stand up?
From Sloan’s blog:
I just read the latest post on BidifyFraud and think this needs its own article.
(Ozedit: Check it – https://behindmlm.com/companies/bidify/bidify-under-siege-from-former-bidsson-ceo/ )