New Bidsson CEO and VP quit after 2 months. Why?
Just under two months ago Bidify made the announcement on September 5th that they’d hired Albert Liske as the new CEO and Christopher Robinson as the new VP of Bidify’s Bidsson penny auctions.
In a press release announcing the hiring, Bidify heralded the decision to hire Liske and Robinson as proof that Bidify’s ‘commitment to a more transparent and sustainable future is stronger than ever‘.
Our long-term goals are ambitious and present challenges that are substantial, complex and systemic. Simply put, they will demand cutting edge technology and stream lined shipping and support.
We strongly believe that with the addition of Liske and Robinson to our executive team we will be well equipped when confronting these challenges.
In a press release put out last night however by Liske, he announced the sudden resignation of both Chris Robinson and himself.
No explanation as to why the CEO and VP quit Bidsson was provided.
With both Bidify and Bidsson’s business floundering over the past few months, much has been made of the announced but not yet released “Bidsson 2.0” penny auction format.
Bidsson 2.0 is reportedly going to include a “buy it now” option, meaning those who lose in a Bidsson penny auction will have the option of buying an item they lost at its stated retail value.
In marketing material circulated amongst Bidify affiliates, it has been claimed the implementation of Bidsson 2.0 will “increase (Bidsson) sales by 10 times“.
Curiously, despite Liske taking on the CEO role at Bidsson to seemingly spearhead development of Bidsson 2.0, along with his resignation Liske announced that Bidsson 2.0 ‘will be launch (sic) in the next few days‘.
Again, along with why he quit, why Bidsson 2.0 is being launched without Liske at the helm was not revealed. One possible explanation however could have to do with the ongoing problems the MLM side of the business, Bidify, is having with its affiliates.
Bidify use Towah to handle payments to their affiliates and this appears to have caused nothing but problems for Bidify’s US-based affiliates. Problems which the affiliate’s have recently become much more vocal about.
One affiliate recently called for a “Bidify recruitment strike” (later retracted once BehindMLM covered the story) and others still are speculating that payment problems between Towah and Bidify’s US based affiliates are simply a plot to keep as much money as possible on Bidify’s end.
In an attempt to get some answers one Bidify affiliate, ‘after waiting a much longer time than usual for (their) towah withdrawal to be completed’ contacted Towah support today only to be told ‘all money is frozen for everybody‘.
Whether this relates specifically to Bidify affiliates or all of Towah’s merchant partnerships however isn’t clear. At the time of publication, no announcement existed on the Towah website indicating any such predicament.
Looking at the bigger picture however, withdrawal problems for Bidify affiliates might entirely be a moot point considering the commissions affiliates are earning.
Just yesterday Bidify affiliate “A. Smith” left a comment on BehindMLM advising they had made just 0.08 Euro via the Bidsson bonus for November 1st (how big their stake in the bonus is however was not provided).
Over the last 24 hours two other Bidify affiliates have also shared their experience with the company. One wrote:
I spent more than $1500, 6 months with a lot of ads recruiting more than 50 people and didnt receive a penny.
and the other,
Of the 2k I put in, I have made 100 bucks. I hope to break even in 20 years or so from now…If I’m lucky..
Whether or not Bidsson 2.0 will infact increase Bidsson bid sales by a factor of ten obviously remains to be seen. With the now departed Liske claiming Bidsson 2.0 is going live “in the next few days”, let’s hope Bidify’s affiliates might get to find out either way before it’s simply too late.
As for why Liske and Robinson quit their Bidsson executive positions on the eve of some long-awaited and much hyped success Bidsson 2.0’s release is supposed to bring Bidify’s affiliates… that’s a question still out in the open.
Whatever the reason though, many will no doubt be watching future developemnts within Bidify and Bidsson with much interest.
With Bidify being the currently oldest example of the pairing of a penny auction with a non-“Ponzi points” compensation plan, any failure might be the final nail in the coffin surrounding the question of long-term viability of a penny auction and retail bid sales orientated MLM compensation plan combination.
As always, stay tuned…
Update 3rd November, 2012 – Within 24 hours of this article going live, Bidsson have mysteriously removed Andrew Liske’s resignation press release from their website.
No explanation has been provided with the company’s blog now displaying an old September 5th article as the latest entry.\
Update 29th January, 2013 – Finally breaking his silence, Albert Liske has written a blog post over at the newly created “Bidify Fraud” website explictly clarifying why he and Chris Robinson resigned from Bidsson.
So I contacted SkyFriPay whom Bidify used as a credit card merchant for funding and requested a refund due to Bidify breaching the SkyFriPay agreement in Section 9 “Restricted Activites”
Namely when I purchased sample bids I was expecting the product that was advertised and did not receive my 120 days worth of sample bids that could be used to acquire customers and share in the Bidsson profit pool, where which the profits could then purchase more sample bids.
This was “false advertising” and goes against SkyFriPay’s policies. SkyFriPay’s terms also say that a merchant restricted activity is “f. Provide false, inaccurate or misleading information;” (https://skyfripay.com/pub/Skyfripay_User_Agreement.pdf). Bidify has definitely done this and their website has mostly been inaccessible over the past couple months.
Hours after sending my request into SkyFriPay for a refund Bidify terminated my account without notice. Is this how they treat complaints?
It just goes to show that Frode and company are a complete fraud and this was a scam from the start. They only said they hired Albert and Christopher to delay the game. They are class act fraudsters and pathological liars.
Since I paid through credit card and my 120 days is not up yet, I am filing a chargeback. BTW my wife and brother did the same thing and requested a refund only to be terminated on the spot as well. Seems like they are showing their true colours… sad indeed.
I am a bidify affiliates, Bidify is a very stupid company that i have ever meet.
What we get even can not afford 25EUR’s month fees.And Towah i request a bank wire transfer On 16th Oct, but i still not received my money and I don’t know the reason.
I’m guessing that Bidify is on the verge of collapse. Ever since they changed their compensation plan after the Zeek shutdown, they’re probably finding that penny auctions aren’t as wildly profitable as has been claimed.
I Wonder how Kevin Thompson is feeling right about now with Bidify…lol
You have to keep in mind Kevin Thompson has no stakes in the success of Bidify. He’s their CONSULTANT, and he works with Frode to come up with a LEGAL comp plan, and advice the company in compliance (look up Funky Shark for an example where such advice is treated seriously)
I was reading here in the blog that funky shark is closing ?
Sure glad I didn’t get involved in anymore of these penny auctions….almost got into bidxcel, which by the way there is no review on.
And you’d be wrong. 🙂
oops my bad.
Did we ever figure out how the heck did Liske claim he “invented” penny auctions?
How bizarre, within 24 hours of this article going live Bidsson have removed the Liske resignation press release from their webstie.
What on Earth is going on over at Bidify?
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.
We’ve said all along here that there are no such thing as wild profits from penny auctions, and if there were, they sure wouldn’t need an MLM compensation plan to grow it. The penny auctions could simply use traditional affiliate marketing (e.g. 20% commission on a sale).
Sadly, many have not heeded the warnings here, or perhaps never had the opportunity to see the warnings. So the penny auction scams went on to Bidify and others.
The entire attorney participation thing has always been a smokescreen. The value the companies get is all marketing, such as: “how could they not be legitimate if they have as their attorney/adviser/consultant?
WOW 80 cents us ? for 15G’s ???Invested…?? You got to be kidding me…LOL
1 euro = 1.2823 US dollars
After less than two months at bidsson.com, both CEO Albert Liske and VP Chris Robinson resigned from their jobs, with no explanations given.
However, there are two probable reasons:
1) The penny auction Bidsson, which is in reality just a ‘product alibi’ for the pyramid/Ponzi scheme Bidify, is going steadily down the drain, and has no chance of being a profitable venture.
It is enough to go to alexa.com and check the ‘reach’ curve for bidify; A sharp drop around 20 August, when ZeekRewards (of which Bidify is a copycat) was stopped by the SEC, followed by a gradual decline. Soon the curve will have gone below the chart.
Bidify.com is going the same way.
2) Liske and Robinson may have realised that they are working for a convicted criminal, i.e. the Norwegian pyramidster Frode Jørgensen, who is the real boss of Bidify.
Frode Jørgensen was sentenced to 2 1/2 years prison by the Norwegian Supreme Court in December 2009, for establishing and operating the illegal pyramid/Ponzi scheme PlexPay Network, which was raided and shut down by Norwegian police in September 2005.
In addition, the Kansas and Alabama Security Commisioners issued Cease and Desist orders against Frode J and PlexPay, and Kansas fined him 50000 $ (which has not been paid).
The last 10 years, Frode’s main professional activities have been operating and recruiting for various pyramid and Ponzi schemes (T5PC, WGI, PIPS, PlexPay, AmityFunds, JuuGo, Bidify), and spending time in prison.
However, Frode Jørgensen and his straw man CEO Larus Palmi Magnusson are sitting relatively safely in Norway and Iceland, the companies Bidify and Bidsson LLC are just Delaware mailbox companies, and the money from Bidify are probably hidden in anonymous bank accounts in offshore money laundering havens.
Thus, Liske and Robinson may have realised that if the SEC or other US authorities should take action against Bidify/Bidsson, they would likely be the ‘fall guys’, risking charges of operating a pyramid/Ponzi scheme, wire fraud, money laundering etc.
A good reason to leg it fast!
My opinion is that a combination of both these explanations have caused Liske and Robinson to quit.
^^ Well said. I concur.
Frode Jørgensen and his straw man CEO Larus Palmi Magnusson are sitting relatively safely in Norway and Iceland, the companies Bidify and Bidsson LLC are just Delaware mailbox companies, and the money from Bidify are probably hidden in anonymous bank accounts in offshore money laundering havens.
So there is no actual building or office in the USA? Only a mail box?
Funny that Bidsson/Bidify decided in their update that they will keep their USA entity!
Bidify 2.0 Update:
That’s the thing about online fraud and fraudsters.
They can “say” anything they like.
There’s always a certain number of unsophisticated and uneducated ‘net users who will believe what they say.
People like Jørgensen work on a numbers basis.
Get their message in front of a million people and they only need for 10% of them to become “believers” to rake in massive profits.
The fraudsters startup costs are negligible, their running costs next to nothing.
It’s all cream to them.
The address of Bidify LLC is given as:
427 N. Tatnall St. #15902, Wilmington, DE 19801
If you google ‘427 n tatnall st wilmington de’ you will find references to a large number of more or less dubious companies with this address (427 North Tatnall Street is not a very large building).
You will also find the web site:
Here it is advertised that a street address and a ‘Virtual Presence’ at 427 North Tatnall Street in Wilmington can be obtained for the modest fee of 16.95 $ per month.