GetEasy Review: Participation pack Ponzi investment
Despite the website domain “geteasygroup.com” being registered in October of last year, it appears GetEasy launched in earnest only a few months ago.
The company’s website domain is registered anonymously, and the company provides no specifics about who is running or owns it on their website.
Get Easy provide two purported corporate addresses on their website, one in Macau and one in Portugal.
The Macau address is that of “20/F, AIA Tower, 251A-301, Av. Comercial de Macau”, and appears to be solely virtual in nature. A Google search reveals multiple other businesses using this same address, with “The Executive Center” specifically referencing “virtual offices” on the 20th floor of the AIA Tower.
A virtual office provides your business with the corporate image and business infrastructure of a multinational company without the cost.
Your business will get a prestigious business address and a designated local phone number with a receptionist answering your calls in your company name.
As per The Executive Center’s virtual office price list, a “virtual business address” at the AIA Tower tower costs 400 MOP ($50 USD) a month, with monthly virtual office services costing between 900 to 3000 MOP ($112 to $375 USD).
I tried punching in the provided Portugese address into Google, but it failed to understand the provided syntax. In any case, practically all of GetEasy’s marketing material and online prescense is in Portugese, indicating that their precnse in Macau is entirely virtual.
Despite not mentioning anything about management or company ownership on their website, GetEasy do maintain several social media profiles. One of these is a YouTube account, with one uploaded marketing video revealing a “Tiago Fontoura” as CEO.
Why this information is not provided on GetEasy’s website is unclear.
Possibly due to language barriers, I was unable to find any information on any past activity by Fountoura in the MLM industry.
Read on for a full review of the GetEasy MLM business opportunity.
The GetEasy Product Line
Despite talk of “commodate” (providing equipment for free in exchange for charging for a service) and GPS tracker services on their website, I was unable to identify any retail offering within GetEasy.
Affiliates join the company, and then invest in “participation packs”. This appears to be the only source of revenue GetEasy generates.
The GetEasy Compensation Plan
The GetEasy compensation plan (which the company does not provide on their website), revolves around affiliates investing in various participation packages.
This is done on the expectation of an annual ROI (paid monthly), along with various other recruitment incentives.
Participation Pack ROIs
Despite only the mention of GPS trackers on their website, GetEasy appear to offer at least three tiers of investment packs to their affiliates.
GPS Participation Packs
- Light Plus (360 EUR) – 40 EUR a month (total: 480 EUR)
- Standard (720 EUR) – 100 EUR a month (total: 1200 EUR)
- Premium (1200 EUR) – 200 EUR a month (total: 2600 EUR)
Note that a GetEasy affiliate’s first investment attracts an additional monthly “incentive bonus” on top of the ROI paid out above:
- Light Plus – 50 EUR
- Standard – 80 EUR
- Premium – 100 EUR
To qualify for the incentive bonus ROI beyond an affiliate’s first investment, they must have generated at least two pack investments from personally recruited investors. Note that this requirement is for each pack investment individually, not as a whole.
Also note that a 20 EUR monthly fee is charged after two months from the date a GPS pack investment is made.
GetCoin Participation Packs
- M.Start (200 EUR) – 50 EUR a month (total ROI: 600 EUR)
- M.Pro (700 EUR) – 180 EUR a month (total ROI: 2160 EUR)
- M.Master (1800 EUR) – 500 EUR a month (total ROI: 6000 EUR)
Note that a 20 EUR monthly fee is charged on all GetCoin pack investments after the first month. There also doesn’t appear to be any incentive bonus attached to GetCoin pack investments.
Although not mentioned in the GetEasy compensation material (yet), I found a recent (19th May) YouTube marketing video marketing GetMusic participation packages:
I’m not sure what the “product” GetEasy is supposed to be attached to is, but going by the name it’s likely to be a purported digital music service or some such.
- Fan (680 EUR) – 130 EUR a month (total ROI: 1560 EUR)
- Pop Star (1600 EUR) – 300 EUR a month (total ROI: 3600 EUR)
- Super Star (3200 EUR) – 600 EUR a month (total ROI: 7200 EUR)
The GetMusic packs also have an incentive bonus attached to them, with qualification assumed to be the same as the GPS packs:
- Fan – 40 EUR a month
- Pop Star – 100 EUR a month
- Super Star – 200 EUR a month
GetEasy pay affiliates single level recruitment commissions whenever they recruit new affiliates and get them to invest.
How much is paid out depends on what package a newly recruited affiliate invests in:
- GPS Light Plus – 16 EUR
- GPS Standard – 48 EUR
- GPS Premium – 80 EUR
- GetCoin M.Start – 20 EUR
- GetCoin M.Pro – 35 EUR
- GetCoin M.Master – 90 EUR
- GetMusic Fan – 34 EUR
- GetMusic Pop Star – 80 EUR
- GetMusic Super Star – 160 EUR
Residual Binary Commissions
Each participation pack investment comes with an attached point value:
- GPS Light Plus – 60 points
- GPS Standard – 180 points
- GPS Premium – 300 points
- GetCoin M.Start – 35 points
- GetCoin M.Pro – 195 points
- GetCoin M.Master – 400 points
- GetMusic Fan – 170 points
- GetMusic Pop Star – 300 points
- GetMusic Super Star – 700 points
As an affiliate’s recruited downline invest in participation packs, their points are tracked using a binary compensation structure.
A binary compensation structure places an affiliate at the top of two binary teams, left and right:
These teams represent recruited affiliates (either directly or indirectly), with each binary position corresponding to an individual recruited affiliate.
When these affiliates invest in participation packs, the point generated are assigned to the binary team they are in. Points are tallied up daily, with affiliate’s paid out 50% of the points generated by their weaker team.
Eg. If an affiliate’s left binary team generates 5000 points in a day and their right 10,000 points, they will be paid 50% of 5000. 1 point = 1 EUR, so this equates to a 2500 EUR payout for that day.
The amount generated by the weaker side is subtracted from the stronger side’s point balance, with leftover volume then carried over to the next day.
Rank Achievement Bonus
For GetEasy’s rank achievement bonus, points are tallied up from their own investments and those of recruited affiliate investors in their two binary teams.
Once certain point milestones have been achieved, the following Rank Achivement Bonuses are available:
- 32,000 points – Mont Blanc pen
- 160,000 points – Rolex watch
- 800,000 points – trip to Bora Bora
- 2,500,000 points – a Mercedes Benz
- 16,000,000 points – a “Ferrari, house or Lamborghini”
Once a GetEasy affiliate has personally recruited at least five affiliates who have themselves generated 800,000 points towards Rank Achievement, they qualify for a share in 1% of GetEasy’s revenue.
If an affiliate has ten 800,000 point recruited affiliates, they qualify for a share in a 2% pool.
1 Million EUR Gold Bonus
If a GetEasy affiliate has five personally recruited downlines who have generated 16,000,000 points in investment volume each, they are paid “1 million Euros in gold bars”.
Affiliate membership to GetEasy appears to be free, however note that most participation package investments come with a monthly fee per pack invested in (20 – 30 EUR).
Despite attempting to present themselves as a “global international” business, GetEasy is little more than a Ponzi scheme that specifically targets Portuguese and Brazilian investors.
The ruse of business operations in Macau is a sham, with GetEasy wholly appearing to be operated from within Lisbon in Portugal.
The address provided on the GetEasy website might not work in Google Maps, however several videos on YouTube feature a building GetEasy are purportedly using.
One video mentions a “Brazilien affiliate” at [0:32]:
This is important to note as it’s no secret both Portugal and Brazil have been the targets of several Ponzi schemes of late. To put it bluntly, the Portugese-speaking community around the world is a veritable hotbed of Ponzi scheme action.
And GetEasy’s owners are simply looking to capitalise on that.
The whole GPS tracker, BitCoin and GetMusic facades are simply a ruse. The concept that a company would require thousands of EUR in investment from affiliates it then “guarantees” to pay out a >100% ROI to makes no sense.
If GetEasy had any legitimate business operations, such to the extent they were making the ROIs they promise their affiliates, they would obviously have no need for such affiliates.
Least of all affiliates who simply invest money, sit back and collect a weekly ROI for a year.
GetEasy affiliates have absolutely no interaction with the company beyond investing their money.
Make no mistake, in the wake of TelexFree and BBOM (who also pretended to sell GPS trackers), GetEasy is a Portugal based continuation of Ponzi scheme disasters that have recently been shut down by regulators.
I’m not too sure how diligent regulators in Portugal are, but given the large local population of investors that pumped money into TelexFree (a $1 billion dollar Ponzi scheme recently shut down by the SEC), they should be on heightened alert for reload scams like GetEasy.
Should Portuguese regulators get involved, even the most rudimentary of investigations will quickly reveal there to be absolutely no retail activity taking place whatsoever, least of all retail customers the company claims are purchasing the services it purportedly offers (good luck trying to find out where you can buy anything they claim to sell from).
What happens then?
Well, seeing as most of GetEasy’s investors are likely to be ex-TelexFree affiliates looking to recoup their losses with a brand-change, investors can expect to have funds frozen and be hounded by their downlines.
Failing that and GetEasy collapses organically before regulators get involved, their Lisbon office is quickly abandoned and you lose all your invested money.
IIRC, Macau’s official language is Portuguese. That would explain why it’s chosen.
Makes sense. Even less effort required on the owner’s behalf.
Apparently, AIA Tower is right in front of the Grand Emperor Hotel. Swanky hotel, at that.
AIA Towers on Google Maps
There’s also a neat nightclub in the tower where one could go and find resolution/closure on the dancefloor (if you have any money left) after flying to GetEasy’s “corporate HQ” only to realise it’s all a sham.
Address in Lisboa:
About 2 weeks ago I filed a complaint with ASAE (asae.pt) about this company. I’ve phoned ASAE just yesterday and confirmed that GetEasy is under investigation by the Southern Division of ASAE. Hopefully it’s just a matter of time until it being closed down.
ASAE used to be famous for their ravenous attitude against infractors, I’m hoping they still live to that reputation. 🙂
By the way, I was informed by ASAE that complaints/denounces may be filled with them about any potential ponzi/pyramid scheme currently operating in Portugal, even if the company does not have offices in the country, and they will act upon them.
ASAE is the entity that controls the economic activities in Portugal, they are well reputed and efficient, as opposed to many of our institutions. That’s the way to go.
The address in Lisbon is real, it’s a new office building which was under construction in 2009, date of Google street view images for Rua Cidade de Bissau, that’s why it’s somewhat hard to spot there, as it is behind a fence. They are really there.
There were reports in FaceBook a few days ago of a victim of Pedro Mira Godinho previous pyramid scheme Elite Club traveling to Lisbon and going to that office and physically attacking him as payback for the previous fraud. In any case, that office exists and they are really there.
Pedro Mira Godinho, stilled in YT presentations as Marketing Manager for GetEasy, is a well known Portuguese Ponzi Pimp who has been constantly involved with similar schemes, like Elite Club (www.frequency.com/video/nwec-elite-club-eventos-conferencia/20868360) and BBOM (www.youtube.com/watch?v=5gZKP5aamiQ).
He also was a top promoter of FM Group (perfume scam).
What puzzles me is their close relation with the Portuguese branch of TachoEasy (www.tachoeasy.com).
See here TachoEasy CEO António Loios (CEO, Tachoeasy Iberica SA) pimping up GetEasy for an audience: http://www.youtube.com/watch?v=p7p3J3HBh9U
Apparently it’s a reputed company, established here in 2007. No idea of what is going on here.
Google Maps is not working correctly in that street. This is the exact location of their offices:
Rastelo’s, good to know about ASAE and the possibility of making complaints on-line for investigation. I have just sent one for the scam that I hate/follow the most: WISHCLUB (previously known as BLACKDEVER in Brazil).
Company info, from publicacoes.mj.pt
WISHCLUB is registred in Spain not in Portugal, i made the claim to the ZEC (Zona Especial Canaria) about them, they are like the Zona Franca in Madeira.
Hello everyone, Due all respect, I have just a question: In your review Oz, did you try to understand the commodate and the fact that Geteasy has shown the contracts signed with different Geteasy clients that will guarantee the payments?
Also, do you know that there’s a limit of packages that can be acquired per day in order to not make finances out of balance?. Do you know that you can only sign up once and would need to send your id documents, unless like other companies where you could sign up 300050 times and no need for ID proof.
Please disregard my comment if you are not willing to debate ideas and facts.
Best of luck to everyone. God Bless.
Searching on google, I do not see any scam for Get Easy.
I know people in Belgium who are in this business => no worries! Wait & see 🙂
I’m sorry, but no amount of “contract signing” explains “guaranteed payments”.
And this has what to do with the Ponzi scheme?
And this has what to do with the Ponzi scheme?
The bottom line is that if these insta-guaranteed customers existed, GetEasy wouldn’t need thousands of EUR in investment from affiliates.
There are no customers, and so they need new affiliate money to pay existing affiliate investors. That is all that is happening here.
Didn’t you guys learn anything from TelexFree and their contracts (Best Western and Mapfre)? All were proven to be bullshit. These guys are just trying to run TelexFree 2.0 from Portugal.
cuz that worked out so well for TelexFree and Wish Club…
Rachel Costa, Carlos Costa’s sister is now promoting Geteasy.
Well gee, now I wonder what attracted her to the business?
Maybe they have airconditioning…
Apparently the scheme is run mainly by Brazilian Tiago Fontoura Miranda who, it is said, is merely a straw man for BBOM’s Luiz Francisco, and two Portuguese minor associates, well known crook Pedro Mira Godinho and real estate dealer Edgar Fontoura.
Pedro Mira Godinho is a well known ponzi pimp. Former schemes include Elite Club, BBOM and FM Group.
Both Tiago Fontoura Miranda and Edgar Fontoura are connected with real estate business. Between 2010 and 2012 they were both part of “Team Fontoura” working for REMAX (very well known real estate Portuguese company). That’s possibly were they have met.
In 24 June 2013 Tiago Fontoura Miranda constituted TIAGO FONTOURA MIRANDA, UNIPESSOAL LDA, NIF 510736505, company purportedly dealing with electronic equipment. The company was dissolved 19 November 2013, just one day after his partner Edgar Fontoura constituted ELOGIOS E DESAFIOS, UNIPESSOAL, LDA.
By September 2013 Tiago was parading away his new toy, a BMW Z4 Roadster. I hope he keeps it, it may become handy when the scheme falls down.
Edgar Fontoura is Portuguese, apparently from Lisbon (Benfica neighborhood) and owns ELOGIOS E DESAFIOS, UNIPESSOAL, LDA, NIF 510896162, a real estate dealer biz apparently run from his home. He constituted this company last November.
BTW, I recall very well seeing GetEasy promoting materials early this year claiming one of the advantages of joining this company was that it was located in Portugal, outside the reach of the Brazilian Government. I really hope ASAE will act upon them hard and fast, the last thing we need here is a reputation as a Ponzi paradise.
I highly recommend any Portuguese citizen following this topic to fill a complaint against GetEasy with ASAE. It’s quite easy, just fill the online form at http://www.asae.pt/pagina.aspx?back=1&codigono=5591AAAAAAAAAAAAAAAAAAAA .
Here is the deal with TachoEasy:
TachoEasy Portugal, NIF 509025064: – The company was constituted in 9 Jun 2009 as “VALIOSIDEIA – LDA” by Virgolina Loios, wife of António Loios, dealing with fridge equipment and renewable energies. Initial capital was 5000€.
In May 2010 the name was changed to TachoEasy Portugal Lda. with the same activity, managed by Virgolina.
In July 2011 Antonio Loios joined the company, holding a share of 80000€, with his wife holding 15000€ and another associate, Vânia Grilo, holding 5000€.
TachoEasy Iberica was registered in Badajoz, Spain, in May 2013, dealing with civil construction, tourism, commerce, agriculture and informatics. Only associate is António Loios.
Despite none of these companies being related to truck transport (but rather to fridges and renewable energies) there is indeed a connection to TachoEasy AG:
This domain confirms TachoEasy Portugal as a reseller for TachoEasy AG:
António Loios himself is a career politician from PSD (Social Democrats) and Computer Engineer. During the 2000s he had a biz selling truck lubricants, managing to get familiar with the truckers and, despite complete lack of relationship with the business besides lub selling, was chosen by them to represent truckers from Associação Nacional das Transportadoras Portuguesas with the government, during the violent protests of 2008 (source for this info is a news piece in “Diário Económico” dated from 2008).
About the “1 billion euro” contract signed by GetEasy:
– There’s not any information on the web about a company named Prime Startegies LCC operating from One World Trade Center, Suite 1111, in Portland, Oregon.
– UK Finantial Services Authority emitted an alert in October 2012 against an entity presenting itself as Prime Startegies LCC, for selling unregistered securities: http://www.fca.org.uk/static/pages/doing/regulated/law/pdf/prime-strategies-llc.pdf
Everything about GetEasy screams “SCAM!!!!”, there’s not a single bit of it that looks legitimate.
I thought you guys would be interested to know no one less than Carlos Costa’s sister, Mrs Rachel Costa, s promoting GetEasy!
Carlos Costa is Telexfree’s King! His sister joining it speaks volumes!
Thanks for the additional info Restelo, particularly the local stuff.
I don’t envy your work Oz.
You show the real story in plain black and white and people continually join these scams never learning from the previous.
Regardless keep up the good work 🙂
Thanks for the support Jay!
I can show my proof of payment… There are many products as LED lights (for the 2nd of 2014) and location of elecric cars…
I was in Lisbonna, in the office of Get Easy, I’ve seen any problems or irregularities…
See this internet site : pleimo.com/plans
Pleimo is powered by Get Easy. I bet you’ll find a scam offers on this site, its CEO, etc …
You said that profits25 is a good MLM ? It’s not a pyramidal system ? I find on the net people who said ” YES IT’S A PYRAMIDAL SYSTEM ” and other who said ” TOTALY LEGAL ” !
All Ponzi schemes pay out as long as new investors keep pumping money into the scheme.
With investors investing thousands of EUR themselves, products would appear to be entirely irrelevant.
Given the compensation plan, you must be pretty blind then.
No idea what Pleimo is and don’t particularly care. Ditto “profits25”.
GetEasy take affiliate money and use it to pay off existing investors. Whatever they build around that is irrelevant.
If you understood how the signed contracts guarantee your payments, you would understand , that Geteasy model can be simplified as profit sharing, since they will share part of the payment they receive from those companies that have signed their contract with each person that has joined Geteasy.
Please allow me to make an analogy here:
Let’s say you have a company that needs 100.000 devices for only 2 years. And you rather rent or lease than buy, because you wont need after that. Geteasy comes to you and say I will provide you those devices, for a monthly rate. However Geteasy does not have the money to buy all of them. Geteasy open that sector or contract to the public, so now John comes in with 1200,00 (year contract) and that money will finance 10 devices.
Geteasy leases those 10 devices, and start earning a monthly rate from your company, and with that rate gives John a share for a year. After the first year, John received the initial money, plus profit. But in the second year, John is out and Geteasy keeps all the profit and the devices.
Now your company is happy, John is happy and Geteasy is too. What is wrong in this scenario?
There’s no such thing as guaranteed payments in retail.
Which is code for Ponzi. They take new affiliate money and use it to pay existing investors.
Honestly, why else would they accept thousands of EUR in investment from affiliates then? If these third-party companies have legit customers why do they need investments from affiliates?!
These companies don’t exist outside of the toilet paper contracts being bandied about by the company, purely so affiliates can use them as marketing tools to lure new investors in. It’s all BS.
Tachoeasy need to make 1000 000 tracker but they do not have the money. The economic crisis in Portugal does not allow to borrow large amounts in the bank.
Get Easy offers finance products with money from its members and pay them for their participation. Where is the problem? It is so logical …
Tachoeasy do not spend money, Get Easy either except for the payment of its affiliates. A pack 1200 EUR = 20 trackers manufactured! contract = 48 months! 48 * 20 * 20 = + or – 20 000 EUR profit …
Why? Do they have 1,000,000 retail customers right now?
And if they were legit, then they’d take out a loan like any other business.
The problem is it’s all fraud. There’s no actual customers, just mathematical equations designed to mask the simple flow of money from new investors to existing investors.
That all looks very pretty, but when there’s no actual retail customers, it’s meaningless.
There’s no pool of infinite customers clamoring to rent GPS units or whatever you want to call it. Certainly not a million of them. What hogwash.
I enjoyed the conversation, but however your opinions are not based in facts and are only based on your beliefs. If you want debate based on facts and proofs, I would be glad. If you can prove that there isn’t any contracts and companies that have signed, then we could have a debate, but you do not.
Best of luck, but please, try to get more informed.
Also watch the Rock and Rio event, where Geteasy will be partner along with Pleimo.
Right. And when regulatory filings reveal “less than 1% of the revenue was sourced from any retail activity” again, you can pretend you had no idea.
Where are the 1,000,000 tracker customers? Where did they materialize from overnight?
You want to claim there’s 1,000,000 customers? You prove it.
Toilet paper contracts do not generate Ponzi ROIs, new affiliate investment money does.
Good luck with trying to reinvent the Ponzi wheel.
Again, don’t know who they are and don’t care. All GetEasy do is take new affiliate money and use it to pay off existing affiliates.
You can find enclosed a youtube presentation of PLEIMO by its CEO Dauton Janota. On Facebook, there’s a public presentation of the partnership PLEIMO – GET EASY.
You can’t say that PLEIMO isn’t a real customer of GET EASY !!!
This monday, I’ll have all informations about the new pack (GET MUSIC) and I’ll can explain you what is the advantage for Pleimo and the profit for Get Easy.
I believe the author of this post about geteasy did not learned very much about the business but somehow he had to post something, so as geteasy looks like so many others, it’s easyer to kinda copy & paste and adjust a bit. I think so.
1 – Geteasy has a very different way of selling it’s products. While a person does not understand the concept behind the business, there is no point.
I’ll try to explain.
Geteasy does not sell any product to the end costumer. It is a wholesale company. There are other companies that do that. TachoEasy for example sells about 10.000 GPS monthly for Geteasy. And this is just 20% of TachoEasy monthly sales of GPS, as said by TachoEasy CEO, they sell worldwide about 50.000 GPS montly.
The contract with Geteasy is for 10.000 units per month, with a 48 month customer loyalty contract that pays montly a fee for the GPS service.
The end customer does not pay the GPS equipment. He/She pays only the monthly fee for 48 months. Lets say 15 Euros monthly per equipment + GPS service. And Lets say Geteasy keeps nothing for the first 12 months. So I (as a partner/affiliate) buy a 1200 package with 20 GPS equipment, each of them will get a 15 Euros montly, so 15 x 20 = 300 Euros, and I receive 300 Euros montly less 20 Euros for account maintenance.
So, let’s say Geteasy receives only 20 Euros montly for 12 months, but then they receive 300 Euros for the next 36 months.
We can put it like this. Each 1000 euros will became 12.000 euros in a 48 month period. 3000 for the affiliate, 9000 for Geteasy.
It’s good for the end customer that does not have to pay the GPS unit. It’s good for TachoEasy as they can be more competitive. It’s good for me and it’s excelent for Geteasy.
Lets see other example.
Tellus is another company that is selling LED lamps for Geteasy. The end customer does not pay for the lamps, they only pay a montly fee, the same way as GPS units. They save a lot in energy bill, and a piece of this savings is used to pay Geteasy.
As far as I know, there are allready 13 hospitals with contracts for LED lamps and another 39 hospitals under negotiations. I also know that there are 2100 IURD churches that signed contract for these lamps.
There is also a contract with the government of Qatar.
So, here are the customers.
There is also Bitcoin packages that an affiliate/partner can buy and produce Bitcoins for Geteasy, and receive a percentage. Up to 98% of all your own machine/equipment produces.
As far as I know Bitcoins are legal.
2 – You can ask… Why does not Geteasy go to the bank for loan? Well, if I was the CEO of Geteasy, I would never, EVER go to the bank for a loan. The economy is the way it is because of the banks. The banks/governments have their own pyramid scheme and they managed to make it legal. And believe me, it’s thousands of times bigger then all the real illegal pyramid schemes together.
The banks are today’s owners of the slaves… and we are the slaves. So… thanks but NO THANKS.
3 – Macau’s office. Well, other companies have changed their headquarters to other countries, just because of tax purposes.
Revenue Tax in Macau is 12%, as far as I know, and you don’t have the VAT tax. Revenue in Portugal is 25% + 23% VAT.
I know companys that have their headquarters in Gibraltar just because of tax. And it is legal to do that.
I have allready considered moving my company to Gibraltar or any other place that costs me less tax just because it is too much here.
25% IRC, 23% VAT, 32% Social Security, up to 46% IRS and many other small taxes. It’s too much.
For a company that have affiliates worldwide, I don’t see any problems. And it is legal.
4 – I am sorry that the author doesn’t speak portuguese. There are brazilians and portugueses everywhere in the world. Ask for help. Or call the company, they speak english. Try to really understand the business first, then post.
5 – This is still a 9 month old company. Pleimo is just another product and there will be many more in the near future.
Well, I hope my text could help some people to understand a little more about Geteasy.
Thank you all that had patience to read all of it.
I’m not saying that at all. I’m saying any toilet paper contract between the two does not explain the Ponzi ROIs being paid out.
The facade is that real customers are providing the ROI revenue, when in reality it’s just new affiliate money.
All these “contracts” are being signed solely so GetEasy affiliates can run around the internet professing legitimacy (as is happening here).
GetEasy has no products.
No it isn’t. It doesn’t “wholesale” anything.
To who? Sign a bit of paper = instant Ponzi ROIs? Bullshit.
You can’t manufacture customers on demand like that. That’s not how legitimate business works.
All that’s happening is the above explanation is being used to explain away the transfer of new affiliate money to existing investors.
More bullshit. Paying out Ponzi ROI liabilities does not make you competitive.
Nobody is paying “monthly fees” for lamps. Cut it out son.
More BS. Even collectively any BT mining done in no way shape or form covers the ROIs being offered.
Of course not. Fraud alarm bells would be set off instantly.
There’s no “headquarters”, it’s a virtual office. In that it doesn’t exist.
There’s nothing legal about Ponzi schemes.
With all due respect, I find the business model far more accurate than the ramblings of ex-TelexFree/BBOM Ponzi affiliates. GetEasy and its ilk are just reload scams targeting the same people who chased Ponzi riches in the recently busted up scams.
Claiming this pool of people is a reliable source of information is laughable.
Yes, “the future this, the future that” is always a strong selling point for Ponzi schemes. Today? Take new affiliate money and use it to pay off existing investors.
Pleimo seems to be the most recent “job” of Luiz Francisco Ribeiro Pinto, ex Omni, well known Brazilian ponzi pimp and crook who is having right now some of his assets being auctioned for paying for his previous pyramid scam. In Diário TJSP 10/04/2014, we can read part of his estate is being auctioned next 26 May:
It is not the first time Luiz Francisco has his assets seized and auctioned. Back in December 2011 the crook tried to get away with another fraud involving his former company AMAUCAR COMERCIO IMP E EXP DE PRODUTOS DE INFORMATICA LTDA by registering it in the name of his 6 year old son Carlos Eduardo.
The court immediately recognized the crockery and Luiz Francisco and his wife assets were auctioned out to pay for the debts.
More info on the Omni Pyramid scheme:
Luiz Francisco seems to have been a very active part (I’ve read he was vice-president?) of BBOM / Embrasystem. He can be seen here along with João Francisco de Paulo in a BBOM gala about an year ago:
Luiz Francisco has been CCO for Pleimo apparently since January 2013.
CEO Dauton Janota is some somewhat unknown computer geek, infamous for publishing a book on Flash about ten years ago presenting a class (M3UParserClass) whose code was purportedly written by him, but in fact was a complete plagiarism from a Samuel Wan, who presented it the year before in Flash Forward 2002 San Francisco.
In 2012 he published a book on start-up companies, ostensibly to show Brazilians why they should invest in small, promising businesses in order to became millionaires in the future (sounds a lot like ponzi/pyramid culture).
Both Pleimo CCO and CEO certainly are not the most recommendable people in the world, especially Luiz Francisco.
Pleimo itself seems to be a legitimate business, but the news about it in Portugal do not tell the whole story. It seems to be a platform as described, but deals almost entirely with Brazilian indy musicians and garage bands.
As for the presence in Rock in Rio, they are there because of Pleimo, not GetEasy, who is only taking a ride on top of Pleimo’s reputation. The deal was most probably arranged by crook Luiz Francisco.
I suspect Dauton Janota will sorely regret in the near future selling up the reputation he managed to get on his “start-up company” since at least 2012 to this gang of Ponzi pimps.
GetEasy’s “gps tracker” facade should then come as no surprise.
There were no retail customers in BBOM, and there’s not going to be any in GetEasy either.
All aboard the bullshit train!
So it’s okay to use the bank for a checking account, or to deposit and accept money, but getting a loan from them is wrong somehow? Logic fail.
The fact is, if GetEasy was really a magic money machine with all these customers, they’d have gone to the banks and gotten a massive loan, sold a ton of product, and then paid it off. After that they’d double and triple their investments again and again until they became the richest company of all time.
A bank loan could have interest rates from 6 to maybe even 10 percent. And that’s at sums when you’ve borrowed over $100,000. Even a loan shark charging you %50 would certainly beat the hell out of the %225 they’re paying the affiliates.
Why would they need you? Why would any sensible person want to pay hundreds of people double what they borrowed from them? Seriously.
About 10 days ago someone posted a complaint here:
alleging the real owner of GetEasy is Luiz Francisco, using Tiago Fontoura as a figurehead. This person also claims they are currently moving away from the Bitcoin scheme, as it is the weakest link.
I’ve already perceived this trend in talks with GetEasy affiliates, and when looking for data to support my complaint with ASAE I couldn’t find the Portuguese version of the GetCoin (Bitcoin) program on their website, and had to send instead the link for the English version, which was still there.
In their GetCoin program, GetEasy promises 333% return of your initial investment (1800€ return 6000€ in one year).
You are very welcome, and thanks a lot for taking the time and patience to expose this Ponzi fraud here, even more when it’s not especially directed to anglophone targets.
If you need to know the precise source for some of the information I’ve sent – almost all of it is from official sources, like the Ministry of Justice of Portugal – just say so.
Actually it’s quite simple.
You, as alleged affiliate, are paying for GPS units without knowing whether you have customers who pay subscription or not. Yet it also promises to pay you much more than it can hope to profit from the alleged services it sells.
Let’s take “Premium” plan for example. It says you pay $1200 for 21 trackers, 1 for yourself, 20 to “customers”. And somehow, the company finds enough money, to pay you $2400 ($200 per month).
Where are the customers? Hmmm? You have to take their word that they exist (except your own that you supposedly get), and somehow they are generous to share the profit with you, when they *should* have just diverted all every penny in profit into expanding their inventory of GPS trackers, so they don’t have to give out 50% of their profit every month.
This is an INVESTMENT contract. This is EXACTLY the same sort of situation in the original decision SEC vs. Dewey where SEC defined “investment”… You pay in, do nothing, and you expect getting more out than you put in.
In the original Dewey decision it was an orange tree farm. People pay to “own” orange trees, except they have to let Dewey manage them, and supposedly share profits (if any).
I don’t claim to be conversant in Portuguese law, so I’ll leave it up to a Portuguese lawyer (or prosecutor) to find relevant sections of Portuguese law that defines “investment” and what’s an unregistered investment, which GetEasy certainly is, several times over.
And there’s no proof it’s generating any profit anywhere except it is taking YOUR money with promise to give it back to you in dribbles.
Oh, and I’ll refer you to Portuguese law Art. 13 Decreto-Lei no. 272/87, Prohibition of Pyramid Selling.
This certainly is of interest for this case.
António Lóios, associate of GetEasy, and whose company TachoEasy is claimed to be biggest partner to the Ponzi (by GetTracker and Electric car schemes), in April 2008 constituted company VERDE FORTE – ENERGIAS RENOVÁVEIS, LDA, with the exact same activities as his wife’s company VALIOSIDEIA.
Verde Forte shared management, ownership and physical location with TachoEasy.
In November 2008 António Loios, on behalf of Verde Forte, celebrated a contract with Vila de Rei municipality for the production of renewable energy. The total investment, to be supported by Verde Forte, was estimated to be 240000€, supposedly to be recovered in 6/7 years.
In November 2009 a contract was celebrated between Vila de Rei municipality and Verde Forte about a Telemetry surveillance system for 8 vehicles belonging to the municipality. The value of the contract was 23400€.
It is, therefore, very evident that the relationship between António Lóios (GetEasy) and Vila de Rei, where GetEasy signed a contract (fraudulently paraded as being signed with the “government” of Portugal) is based on past relationships and activity between one of the gangsters now running GetEasy and the municipality. It didn’t came out of the blue.
I couldn’t find any other references about Verde Forte activity besides the contracts with Vila de Rei.
Verde Forte business does not seem to have been very successful, as it was forced by Petrogal to fill for bankruptcy 20 May 2013, initially aiming at recuperation. Bankruptcy protection against creditors was denied last week, 21 May 2014, due to unavailability of means to pay the costs and the creditors, and the process was closed.
The company is said to currently being under execution by creditors, whose credits ascend to the tens of thousand euros.
This is where António Lóios, the “successful businessman” as he was presented bt GetEasy, stands now.
The demise of Verde Forte possibly is one of the reasons why António Lóios joined (co-founded?) the GetEasy scam, hard pressed by the creditors and with assets executions coming his way. The connection between GetEasy and Vila de Rei is now explained as well.
(Kudos to Ilyushin from forum AutoHoje for providing the lead for this findings)
A friend of mine has contacted Tellus Mater this morning, on my behalf, inquiring about their connection to GetEasy.
Tellus Mater confirmed the alleged contracts and that they were indeed partners.
This company, however, stands oddly among all others with a partnership with GetEasy, as they really seem to be a serious business, established in 2007 and apparently prospering since then. I wonder why they caught this train.
Why don’t you buy a light plus pack ? You’ll see that’s not a scam…
You can be a commercial partner if you have some friends working in a jail and who need trackers. It’s a serious company.
Oh I have no doubt there’s currently enough new investor money coming in to pay out existing investors. How investing proves GetEasy is not a scam though escapes me.
No doubt the third-party tracker company might be, however it’s GetEasy that’s the problem.
Except what do you consider to be a scam? Nobody ever said that the GPS service was a scam. It’s the way you pay into the system and get paid ALLEGEDLY for the other unseen “customers” that you don’t even known exists that is potentially a scam.
At least bark up the right tree with your rebuttal.
One can’t help to recall the same disastrous ZeekRewards Ponzi scheme where you buy bids and supposedly give them away to alleged “customers” eager to receive those bids… except those customers rarely if ever existed.
Open your eyes and see the truth… Where are the customers besides you and your fellow investors?
Actually this can be extrapolated… How many people bought memberships… and how many subscribers did the parent company gain, say in the past 3-6 months?
If 10000 people bought membership that is the 10+1, that would suggest the company added 100000 GPS subscribers. Let’s be generous, call it, over 3 months.
But they are not going to tell you those numbers, are they? At least not any numbers that can be audited. But lets run with these numbers.
If they shared with you 50% of the profit, at $20 a month, that’s 2 MILLIONx 3 months = 6 million, 50% of that, or 3 million. Let’s say half of that went to their expenses. That leaves 1.5 million.
How many GPS units can they afford with 1.5 million?
Remember, 10000 people put in 300 over 3 months is 3 million. If they really are making 1.5 million, they can easily buy their own GPS (i.e. only take 5000 people’s money, instead of 10000). So they are only paying out HALF as much (half of 3 milion), so they are keeping 4.5 million instead of 3 million.
Expenses didn’t change, so their profit is 3 million. Soon, they won’t have to pay ANY of you ANY money by not making any profit for 6-9 months.
That’s why this business model makes no f***ing sense. They don’t need your money if it’s really that profitable.
Nice article, ty oz to publish that opinion and show to all the scam is.
Congratz indeed to the genius idea of this system, i believe them for humm 2minutes… Cause really malicious in all point, miltu video marketing youtube locked, random like on google, i mean its really hard to find something about conspiration/scam around geteasy.
BUT NOW HOW TO STOP THAT SYSTEM ?
@OZ please go visit GetEasy office’s…and if you like what you see…mybe you can be more one in the “ponzi”…
You don’t have any proves of what you say….to be a Ponzi scheeme you are assuming some of members are not reciving what they say…please if you know any member in that situation let us know….if not….you are just talking about you have no ideia!!!
Everybody inside are beeing payed…what is the problem?…you don’t like….don’t get in…is simple!
Complaint to the authorities enough, and get the media involved, so the government is forced to audit them, which should reveal the deception.
Remember, Charles Ponzi, originator of the Ponzi scheme, was brought down by a newspaper who won’t take his claims as fact, and soon that there’s more money in his scheme than all the International Reply Coupons in the world, the objects that he claimed he was investing in.
How does visiting a property negate a Ponzi scheme business model?
Oh I dunno, try GetEasy’s business model?
False. GetEasy is a Ponzi scheme because of its business model and compensation plan.
The problem is GetEasy is a Ponzi scheme. I really shouldn’t have to explain why that’s a problem to you.
That’s a point anyone can understand, even if you ignore a potential %333 return on your investment. If this business was profitable, they’d just invest any and all of their money into the business and reap the rewards. They. Wouldn’t. Need. Investors.
As for payments, a ponzi isn’t sustainable and will always eventually collapse. The number of people involved who lose all of their investment can go above 90%.
Something you have to think about is that people who invest huge amounts have more money locked in the system and it’s much, much less likely they’ll get all or even any of their investment out.
It’s the admin who decides if you get paid or not, and nobody knows when he’ll decide to run with the money.
So what? Ponzi schemes fail when they fail to recruit faster than they pay out. Took them like 2 years to catch Charles Ponzi, and 10+ years for Madoff.
Stop reciting those standard excuses like a parrot. It’s clearly you are not interesting in THINKING about the real issues, but only that you’re getting paid.
Interresting debate. Thanks to all.
(Ozedit: Offtopic derail attempt removed)
Strange nobody said anything yet about Geteasy’s contract with the government of Qatar.
But hey, if someone can prove me (and I really mean prove, not just theory or logic) that there is no GPS, LED lamps and Music customers or that the amount of customers are not enought now and will not be enought in the future to pay everybody, then the ponzi can be considered real and then I will stop to believe in this company.
Please, let’s keep the posts at a higher, polite level. There is no need to be rude. I am certainly not a pimp.
I lost a ton of money with Telexfree. And I have invited mostly my own family. Nobody asked me to do it, but I am paying back some of the money they risked. I have NO INTENTION to harm / prejudice nobody.
If Geteasy turns out to be a scam/ponzi, I will do the same, and help my downlines with their loss.
Now, whenever I decide to risk my own money in a business, I will do it. And I tell my downlines exactly what are the risks.
I agree that many doesn’t do what I do. I don’t care. I am honest about the risks.
Those who join anything with me, knows the risks.
What does that have to do with taking new affiliate money and using it to pay off existing investors?
Pile all the smoke and mirrors you want on top of that, it’s still just a Ponzi scheme.
Wouldn’t it be easier to prove they do exist? You’re an affiliate, ask GetEasy where these customers (not contract, actual end-user retail customers) are.
Then ask them what they’re using to pay out existing investors right now while they sign all these toilet paper contracts to create the illusion of customers.
If you’re recruiting new investors into GetEasy, that’s exactly what you are: a Ponzi pimp.
What’s worse is you appear to be a Ponzi pimp who has learnt little.
Marketing Ponzi schemes on “risk” is a fallacy. Mathematically they will fail.
It’s fraud and you are abusing the trust of your family to drag them into your Ponzi investor downline mess. For shame.
And what exactly does that prove? That it has “one” real customer? And then what?
The others customers doesn’t count?
What about Hospital Real Portugues, in Recife – Brazil, the 5th biggest hospital of Brazil? Does it count? This was the first. There are another 39 under negotiations right now.
I also heard about around 2100 churches. Does not count either?
Oh, you can also be a customer yourself if you want, for just 19.90 euros/month for a 24month contract. You can go to Geteasy website and buy direct from them. In fact, anyone can.
Some business are insane. I mean, I imagine many years ago, when telephone was invented. Why did the first customer bought it if there was nobody to call to?
Why is whatsapp free and Apple bought it for that much?
Why skype is free and Microsoft bought it for tons of dollars?
Why Tellus/Geteasy installs free LED lamps in a Hospita? Oh, this I know the answer. Because there is also a service contract for at least 24 months.
Why some people only thinks that all the money comes exclusively from the new affiliates in this company? I guess some people will always see a glass half empty, while other will se a glass half full.
What customers? Signing a bit of paper != end-user retail customers.
Internal consumption = irrelevant to retail (outside revenue).
Why does GetEasy need 360 – 1200 EUR investments from affiliates if it has all these retail customers?
Answer: To pay out existing investors because there are no retail customers.
Mr. Oz, maybe my translator is joking with me. A pimp, in my language, is a guy who sells women for prostitution. And usually beats them. Slaves them. Drugs them.
This kind of accusation, in my language, if very offensive. Maybe in the place where you live it means another thing.
As the discussion became this offensive I have no intention of continuing. My contribution to this discussion ends here.
People has the right to belive in what they want, and also to defent what they believe. I believe in something, you believe in something else. That’s ok.
We both have the right to believe in something. And I will always defent that we both have this right.
Have a great life sir.
In other cultures, “pimp” can have additional meaning to the one you describe:
Any person can be a end-user retail customer for 19.90/month a GPS 24month service with GPS equipment included. Just go to the website and buy one. I am NOT saying to join the business plan as I did. You can be a end-user retail customer. You can order one GPS for you. That simple.
If anybody can order on the internet then it is not internal consumption.
The GPS market is extremely big, and it’s Tacho Easy the company who has the responsability to sell them. The CEO himself told that Geteasy’s GPS are 20% of Tacho Easy monthly GPS sells.
But lets imagine the LED lamps, maybe it’s easyer to understand. I have a small farm with more then 200 lamps, so I think a hospital may have about 5000 lamps. Well, Tellus+Geteasy provides 5000 LED lamps to the hospital with a 24 to 48 month contract. Let’s say the hospital pays 20 euros per lamp per month.
So, now Geteasy can create a package with 20 lamps and sell using MLM for 1200 euros for 250 people or positions on the network. 250×20 = 5000. This way Geteasy has the money to buy the lamps. The customer will pay 20 monthly per lamp, means 20×20 = 400 per month. And Geteasy will pay 300 for the affiliates and keeps 100 for 12 months. After that, Geteasy keeps 400 for them.
How can it be a bad deal?
– the hospital pays nothing and saves money on electricity bill.
– MLM affiliates earn some bucks
– Geteasy earns a lot of money
– Tellus also earns money
Maybe it’s not 20 per lamp per month. I’m just guessing based on the GPS montly cost. There is no LED package yet.
Let me give you another example.
Portugal is a small country, 10M hab, with 5 milion hives. And hives are being stolen a lot lately, not because of the honey, but because of the bees for pollination. Lets say a producer puts 1 GPS for every 10 hives he owns. This alone is 500.000 GPS units. And 500.000 units is the size of Tacho Easy contract with Geteasy. And I am talking about a country that has only 0.15% of earth population. And only hives. GPS can be used by people, cars, boats, bikes, trucks, equipment…
How can NOT exists end-user retail customers with all this marketplace?
It makes me remember the shoe company that sends two specialists to India to analize the market. One come back and say, don’t go there, only 5% of people use shoes. The other come back and say, let’s go there as fast as we can. Only 5% of population have shoes. There’s a 95% market that wants to buy one.
I believe it’s a good business plan for everybody. Maybe Geteasy could make more money using bank loans.
The same way I prefer to have 1000 people to win a 50.000 in a lotery prize instead of only 1 person to win 50.000.000, because it’s good for the economy, if I was the CEO of Geteasy, I’d preffer to use the business plan they are using instead of bank loans.
That is my choice. It makes sense to me.
Thank you for your explanation. Maybe it’s a cultural translation problem. In the place where I was raised you can’t call someone a pimp and not expect to get in serious problems. People get shot for a lot less than that.
The thing about this is that you don’t have to believe in anything. If a business has an unsustainable pyramid or ponzi business model, it’s mathematically guaranteed to collapse. Nobody can say with exact certainty when that point will be, but it’s always going to happen.
Ask yourself what’s more likely to be true: that Get Easy created a revolutionary business model that can out perform every single investment institution on the planet to the point that it can offer a 333% return on your investment completely legally and…
Keep in mind that if a bank offered you 3% YEARLY, many would consider that a great deal. So Get Easy pays 111 times more than anywhere else in the world, paying out likely thousands of people and this is all done totally legally with actual sales of real products. AND there’s money left over for Get Easy to pay their staff, their workers, rent, and all the other necessities of running a business.
Or, Get Easy is paying people out with money from previous investors and they’re running a ponzi scheme.
Which one seems more likely to you?
Can you prove that they are generating enough profits to pay you 200% profit for 12 months?
It is assumption of consumption. Merely “having it available” does not prove there is any significant amount of consumption.
TelexFree have VOIP minutes for sale, and VOIP even actually work. Doesn’t prove (or disprove) it’s not a Ponzi scheme. Though you’ve have figured that out by now. Or perhaps you just don’t see the parallel?
“Can” is irrelevant. We’re discussing whether such customers exist.
Plenty of Ponzi schemes operate on possibilities that are never realised.
It is if an affiliate pays in.
Even more of a reason why a Ponzi scheme with >100% liabilities operating competitively in the market makes no sense.
Ps. I’ve seen the marketing spiel, you don’t need to repeat it here.
Be it lamps, GPS units or whatever. Legitimate businesses with customer demand would take out a loan from a bank. They wouldn’t take investments from affiliates on the promise of a >100% ROI.
So why do they need 1000s of EUR of investment from affiliates? How do they turn a profit when >100% of this is paid out to said affiliate investors? It makes no business sense to have affiliate investors.
Honestly, who goes out and takes a >100% interest loan? That’s crippling.
Because there’s plenty of business offering the same product/service without >100% Ponzi liabilities.
As an early Ponzi investor, sure you would.
Money doesn’t grow on trees though, and to date all you’re providing is hypotheticals. Where are the actual end-user retail customers?
As it stands, GetEasy are just taking your money and using it to pay off existing investors. No amount of hypothetical customer scenarios changes or negates that.
That this is big in Portugal and that it’s attracting ex-TelexFree investors is reflective of what type of business GetEasy is. But by all means, continue to believe otherwise.
You and your family might make some money being early investors, but it’s ultimately going to come at a cost to someone else. Just like your money was lost in TelexFree to pay off some schmuck who got in before you.
Round and round the Ponzi train goes, why nobody learns? Nobody knows.
For a 1200 package you will receive in 12 months a total of 3360 – initial 1200 = 2160. So your profit is 2160 or 180%, not 333%
I have friends that make easily 25% monthly profit on Forex and binary options monthly. That is 300% yearly. Yes, I think 3% that the bank offer is a joke.
I make 15% ROI monthly playing poker. I had a month with 39% ROI.
I have some crazy friends that makes more then 200% monthly on binary options.
1% to 5% on Forex daily can be achieved with not much efford.
Just other day on the TV show Shark Tank a guy had developed an ipad sound amplifier that had about 1000% profit on each unit, and each unit was about $10,99 or 19,99, and cost of production $1 or $2 bucks.
I am sorry the banks are so greedy
I like their business model and I believe that they are being honest about their business. But if they are paying members exclusively with the money from previous members, then it’s a shame, because I believe it’s a good business model for the company and for the members.
You seem to have missed the emphasis on the return being generated legally.
Whatever the percentage offered, there is nothing legal about taking new investor money and using it to pay off existing investors.
Banks, forex and poker are entirely irrelevant.
Of course you do. TelexFree sucked you dry and now you’re stuck in the Ponzi cycle chasing imaginary riches.
Do what you need to do to convince yourself scams like GetEasy are legit, just don’t expect the rest of the world to swallow the koolaid.
In your language, what would be an acceptable word for “bullshit”
Every day / week / month ??
No losing days / weeks / months ??
Why don’t you and your friends email Bill Gates and let him in on your secrets ???
Tell him to advance you a loan for a million bucks and you’ll share the profits with him.
@ 1 to 5% per day forex trading, you’ll all be retired in no time.
200% per month and you’ll own the universe in a couple of years.
Even your 15% a month poker winnings will make you a billionaire in a flash.
Take my advice, Douglas.
Forget about messing around with GetEasy.
With all those income sources available to you, you’re wasting your time with a pissy 180% ROI
It depends on the context. “bullshit” can be translated to “besteira” that means kinda “with no purpose” or “mentira” that’s more like “lie”.
Of course not. There are days you win, and days you lose. The point is when the month or year ends, the overall ROI is positive or negative.
All I can tell you is that I play poker for only 5 years, and I don’t lose money (yearly) in the last 4 years.
And I don’t play it professionaly. I just like to play the game. My overall ROI this year is 18% over 535 SnG tournaments. Last year I had 43% over 1216 tournaments. As you can see by the number of tournaments. Any professional SnG player does that in less then a month. I knew a player that used to play between 8000 monthly. Amazing and not bs. You can search for his login rs03rs03. You can also see a site official poker rankings for many other examples.
Geteasy is the only MLM I am right now. It’s not the most lucrative of the investments I have, I know that. But I like MLM. Before when Telexfree was online, I used to sell many VoIPs and my clients saved a lot of money in phone bills. Now I have the same clients but with other VoIP company.
I could do Herbalife or Amway, but really? I think their products are too expensive. My wife does Mary Kay. Also very expensive, but not that much for the cosmetic industry. I also like this company and if you work in the industry, it’s a plus.
Just for coincidence, our group of Forex friends is called “retireds” in portuguese, but we are all between 20 and 50 years old.
But I agree with you. There is nothing legal about taking new investor money and using it to pay off existing investors.
I agree. Can’t prove it’s what Geteasy does, but I agree that the concept is wrong.
Yes, I lost a ton of money with Telexfree, or maybe not yet, just because the process is still in brazilian justice department. Anyway, it’s about 5% of my possessions.
There are a lot of scams “that looks like” Geteasy, and I didn’t join them. For exemple Luvre.
Where are the customers?
Stop burying your head in the sand.
I don’t know what to think about that video. A contract of 1 billion euros!
If that video tell the truth, it is guaranteed that everybody will be paid through the sell of products.
If that video is fake, that would mean that theses guys are gangsters!
Very interesting threads. I was approached about it today. I also queried why the need to have affiliate investors if there is already 600,000 customer base. This stood out tremendously for me the most. It didn’t get satisfactorily answered. Why share the profits at all. I doesn’t make sense.
I felt it was a pyramid scheme. I have seen so many of these before and when there is a lack of transparency then alarm bells ring for me. I always trust my instincts. I am definitely steering clear of it.
If a wholesale company sells rice, I can’t prove that they have end-user customers. What I know is that a lot of people eats rice.
Do you believe in God?
I also can’t prove God exists. What I know is that a lot of people believe God exists.
I can’t prove that the 10.416 GPS units Geteasy lends to end-user customers through Tacho Easy reachs them. What I know is that 10.416 GPS units monthly is a very easy target to reach and sell to such a huge market.
I found this post from 2011…
900.000.000 for 2 years
____500.000 for 4 years (geteasy 1st contract)
Geteasy contract is just 500.000 GPS units over 4 years.
If my math is not wrong…
450.000.000 1 year
____125.000 1 year
This is 0.027% of the market. Probably the market is even bigger today.
What makes no sense is that Tacho Easy have the opportunity to sell 48 months contracts without any GPS unit cost and trash it.
There is a huge market and they (Tacho Easy) have the product cost free. Why lose the opportunity?
Tellus Mater, the company that is selling the LED lamps to the hospital, is the same. They have the opportunity to have the LED lamps for free, and this is a huge advantage. Why trash it?
Oh, by the way, I found out that is a little more then 20.000 LED lamps.
So… I believe the customers are out there.
Over how many years, for how many units?
1 billion Euros is not an all-at-once payment. It’s probably over 5 years or 10 years. Divide that by number of months and numbers no longer look so impressive. It’s probably also divided in phases, or it’s one smaller contract with option for more later.
You cannot rely on the press release. you need to read the actual contract. press release is often full of ****.
What you’re ignoring is Tachoeasy giving GetEasy the piece of extremely profitable pie if it is so profitable. They can easily get loans of millions from banks or angel / venture cap investments if they are an established company and have that many customers.
GetEasy, by going to the “distributors” for money they are not only violating investment laws, it makes no sense profitwise. You are only considering things from YOUR view. You are not viewing it from THEIR view.
I only would do this if I was completely stupid. The G777, for instance, is being sold in the market for about 100€, so GetEasy is renting for 20€ month in a 24 month contract what could be entirely bought just for the price of the first 4 months.
Nobody in his perfect mind is renting that stuff, it’s plainly a scam.
Maybe they are renting the service.
If you buy that G777 100 €, can you use all the features ? Or do you need a monthly subscription ?
António Lóios’ TachoEasy has no history on the market of tracker devices and is not known to do any business with them. TachoEasy is just another venue of the same GetEasy scam.
Apparently yes, it seems to come complete with all devices and software. Look for it on GoodLuckBuy, it’s being sold there for about 150$, cheaper if you order a bunch of them.
Guys GetEasy is the most retarded ponzu only moron can think that it has any legitimacy behind it!!!
You can buy application for your watch in our days for 0.99 cents!!! NO ONE will pay for this BS! IF they will company has no revenue plus all stupid lie about some bit coin!
One word then this is Wings Network!
Both sides on that precise contract are well known scammers, don’t believe for even a second that those 1 billion euros exist.
Of course you can. Revenue from retail customers.
Care to take a stab at GetEasy’s retail revenue? Hint: $0.
Sure you can, retail revenue. If retail customers are paying for units, they are obviously receiving them.
None of which will be shipped by liability ridden non-competitive Ponzi schemes.
No, what makes no sense is them burdening their business with Ponzi scheme liabilities.
Who ever had trouble entering a market with supposed huge demand? The notion they need to burden themselves with Ponzi liabilties is ridiculous.
Not good enough.
I believe the customers are out there.
That is good enough for me.
I’m sorry it’s ot good enough for you.
The CEO of Tellus mater records a video besides the CEO of Geteasy when they signed a 20.000 LED lamps contract in Hospital Real Portugues in Recife, Brazil.
You can see the video here:
That is good enough for me.
Yeah, and I bet you thought TelexFree had gabillions of retail VOIP customers too.
You’re a Ponzi scamster’s wet dream.
Unless that can be translated into retail revenue entering the business, it’s about as much proof of the existance of retail customers in GetEasy as the toilet paper I used this morning.
He was talking about retail customers. MLM is about retail trade = sale and distribution of goods or services to end users. It’s not about selling investment contracts.
So what? It will neither prove nor disprove anything of importance. It seems to be rather unrelated to the opportunity.
A contract doesn’t generate revenue on its own. Retail customers still need to be buying something.
If company A had a billion EUR to give to GetEasy and a service with retail demand, they’d use the money to fund the service business and go from there.
Why does company A need GetEasy’s affiliate investment for? They have more than enough to get started.
Obvious BS is obvious.
I must attempt to clarify this.
TachoEasy Portugal is a Portuguese company registered in 2009 as “Valiosideia” to sell and repair air conditioning and fridge equipment, as well as renewable energy equipment.
TachoEasy Portugal social capital is divided between António Lóios (80%), António’s wife Virgolina (15%) and Vânia Caixeiro (5%).
TachoEasy Portugal and Verde Forte are both companies owned by António Lóios, and both use the same physical office as Vânia Caixeiro, who since May 2010 provides technical assistance to TachoEasy AG, a German company which sells solutions for freight control and fleet management, including GPS tracking (one of the features of their tacholog® device).
Vãnia Caixeiro, and only her, seems to be the technical assistant for TachoEasy AG in Portugal. The domain tachoeasy.pt is owned by TachoEasy AG and only serves that company.
The bottom line is, nor António Lóios nor TachoEasy Portugal seem to have any relationship with TachoEasy AG, and don’t seem to have ever been known to sell or deal with GPS devices until GetEasy entered the scene.
According to a a competing product, monthly fee is about 4 euros a month, or 40 a year.
You decide whether that is better or worse than GetEasy’s monthly subscription.
António Lóios seems to have tried to profit with the hiring of Vânia Caixeiro, a minor associate in his wife’s company Valiosideia (selling fridges and air conditioners), as help desk for TachoEasy AG in May 2010.
That same month Lóios changed the company name to TachoEasy Portugal and entered it as main associate.
I must retract my supposition that TachoEasy never dealt with GPS devices before GetEasy, because in August that year:
In this August 2013 advertisement for Optimus Connect (now defunct, apparently), TachoEasy (Portugal) is misrepresented as a German Company founded in 2006, selling Tacholog and Globespot, a product TachoEasy AG never sold.
In March 2012 Rogério Mota, styled as TachoEasy Portugal CEO, presented in “Fleet Magazine” (Portuguese) what was supposedly the next big thing in fleet management, “just launched” by TachoEasy, named “Euro Traker”.
Euro Traker was described and presented as an exact copy of TachoEasy AG product tacholog, never named in the magazine article. Tacholog was in the market at least since 2010 and was already presented and commercialized in Portugal since that year.
Whatever Euro Traker was, it seems to have never flied. No further information can be found about it, and the few there is about it is related only with that Fleet Magazine issue.
In January 2014 tachoeasyportugal.pt was still online, displaying the logo of TachoEasy AG as its own:
Apparently TachoEasy Portugal operated as a sham, parasiting the name and reputation of TachoEasy AG, apparently even attempting to resell TachoEasy AG product “tacholog” under a new name, “Euro Traker”.
I suspect TachoEasy Portugal joint venture with GetEasy is not by casualty. Indeed, GetEasy seems to be kind of a fusion of a scam with a sham, BBOM and TachoEasy, since it’s very beginning.
BTW, since nor TachoEasy Portugal nor TachoEasy Ibérica seem to have any web presence at this moment, I wonder how António Lóios is selling those tenths of thousands of GPS trackers he claims to be selling every month.
In fact, he seems to have stopped selling even those from Globespot he was apparently still selling in the GetEasy Portugal website early this year.
I guess after GetEasy, he does not need to sell anything at all anymore.
Above it should read “TachoEasy Portugal website”, not “GetEasy Portugal website”, with so many Easy’s around, I ended up mistyping it.
Of course, one wonders if he’s claiming GPS sold by the “main” TachoEasy as if he sold claim.
Wouldn’t be the first time some Ponzi pimp / scammer inflated his/her own accomplishments. Something about a certain guy claiming he was head of a Pizza chain… which consists of ONE franchise restaurant, no longer open? LittleRoundMan? You there? I thought you had mentioned that one…
I don’t know what that contract has to do with GetEasy products, they do not seem to be selling anything related to LEDs, 3 months after that contract was signed.
Apparently GetEasy is taking a free ride on top of Tellus Mater reputation (and Tellus Mater seem to be loving it, for $ome rea$on). But apart from getting Tellus Mater to lend their good name to the GetEasy scam, it’s not clear at all what GetEasy gained with that, if they gained anything at all.
No, there is also a photograph of Pedro Mira Godinho and an unknown person dressed in Arab clothing. That doesn’t count as “a contract with the government of Qatar”.
Since the first time I’ve seen that video there was something that wasn’t fitting there. It is filmed in Hospital Real Português, it features Alexandre Tereso from Tellus, and Tiago Fontoura and two promoters from GetEasy.
What’s missing in that picture?
There no one from Hospital Real Português in the entire video and nobody from Hospital Real Português seem to sign the contract or even bother with their presence there at all.
So, those two CEOs travel from Portugal to Recife just to sign a contract between both of them and nobody else? What the hell?!
There’s no information of such a contract being signed with Hospital Real Português in the news, in the hospital website or even in Tellus Mater website, while real contracts signed between Tellus Mater and hospitals were noticed both in local news and the company website.
The conclusion seem to be that Tellus Mater simply sold 20.000 leds to GetEasy, end of story. Nothing got to the hospital, there’s no retail client.
The whole thing at Hospital Real Português seem to have been nothing but an play acting, possibly under the guise of a possible *future* contract with the hospital, which never took place and most probably never will. That and, of course, the paid holidays in Brazil for Tellus CEO, courtesy of GetEasy.
And the scammer “Phil” Ming Xu got a selfie with Al Gore and Steve Wozniak. So what?
It’s also interesting that you never mentioned what the contract’s for. You’re IMPLYING it’s for the hospital. But it makes no sense. That’s the supplier and the middleman signing some sort of a contract, when it should be between supplier and customer.
Are you *sure*? or are you in a hurry to pick the “next big thing” because you want to make back what you lost in TelexFree, and you’re trying to convince YOURSELF that it’s a good place to put your money?
Only you can scam yourself or allow yourself to be scammed.
Ok, about Geteasy I told what I know and what I belive. That is all I can do.
We are all free to believe whatever we want to.
oh, mr Chang, about telexfree, my money is with the justice department in Brazil. Aparently 295 milion belongs to the last investors. 660 milion is the total they are holding.
Either way the justice decide I will be happy. Or let Telexfree get back to work or give my money back. The problem is that after 12 months they still can’t prove in court it’s a pyramid/ponzi scheme.
If it’s so easy to say it’s a ponzi, why is it so difficult to prove?
No. They had gabilions of VoIP resellers with stock bought. If VoIPs where Herbalife’s products, this stock would be at home. If it where Mary Kay’s products, this stock would be at home.
What I do with my stock is my own business. I can sell, drink, use, trash. I was a reseller and an end-user of Telexfree VoIP. Talked many many hours using the VoIP. And I have cliends who also had Telexfree VoIP. Now I have to provide them with another VoIP company.
Telephone bills in Brazil are very expensive. Easily a small dentist office spends between R$ 500 and R$ 1.000, and using VoIP for only R$ 120 you can see the advantage. The same happens with real state professionals and so many others.
If justice had doubts about Telexfree, then they should only hold the money, not my stock. I bought and payed for it. I could sell it and make money out of it. But what they wanted was to kill the company, no matter what.
Telexfree is trying to give the money back to everybody that didn’t had profit with it. Say you invested $1425 and won $300, they want to pay you back $1125. After paying everybody, there are still more them 300 milion.
Of course they (the justice attouney) don’t accept, because then if you pay all your baselevel, all the bottom of the said pyramid, everybody that “lost money”, and then there is still 300 milion in the vault… how can you prove a ponzi if that happens.
How can you prove a ponzi after 100% of the affiliates have their money back and many of them have profit? Well, you can’t.
Good grief. When did MLM due diligence deteriorate into “beliefs”?
TelexFree had gabillions of Ponzi investors who invested into the scheme on the hope of extracting a >100% ROI from schmucks who invested after them.
Get over it.
Irrelevant. TelexFree’s VOIP was not competitive.
Please listen to yourself. Does Brazil use different mathematics to the rest of the world?
Millions were paid out to investors and 0.25% of TelexFree’s revenue was from retail VOIP. Stop perpetuating the fantasy narrative that they’d firstly be able to pay everyone out and secondly have money left over.
That forensic accounting firm in Brazil (Deloitte and Touche?) must be tracing every real. What was the actual US Dollar/Brazilian real amounts that were frozen anyway?
I’m not even going to bother with whether geteasy is a ponzi/pyramid right now. Let’s talk about your tracker for a minute.
Restelo’s Old Man had found that 777 device for $150. I did some digging, and can buy them all day long, free shipping direct from China, for $67.00, quantity one, and can even use my PayPal account if I wish. If I buy more, the price drops dramatically, even for quantity 5.
You do realize, don’t you, these only work on 1996 and newer vehicles, correct? This device plugs into the OBDII computer port under the dashboard, and it has a SIM card you program to work with your SMS-enabled smart phone, or you can set it up on a PC. Of note is that to disable it, you simply unplug it, which is no more difficult than reaching under the dash and pulling it out. So much for security. They’re a cool little novelty, but not much more than that. A “real” tracking system is hardwired into a vehicle so that it can’t be located or defeated so easily. So, if you’re dealing with pre-1996 vehicles, and many pieces of construction equipment, they don’t even have OBDII ports, and this thing is absolutely useless.
At $67.00, these things are throw-a ways; there is no maintenance at all. It fails, you buy a new one, configure it, and toss the old one in the trash. Before you go online touting something, you really need to spend a few minutes doing your homework, otherwise you have zero credibility.
Now, post up the exact mode of LED lamp you’re selling, and let me see what I can do with that…
While the generality of GetEasy affiliates refer to this person portraited with Pedro Mira Godinho as “the King of Qatar” (an Emirate, BTW), one of them seems to have correctly identified him as Sheikh Khalid Bin Khalifa Al Thani, Qatargas CEO, and a cousin of the current emir of Qatar.
What those two are doing together is unknown. No news of any contract with Qatarqas or any other Qatar company have surfaced from GetEasy sources.
Affiliates seems to be merging this photograph with the “1 billion dollar” contract signed with Prime Strategies LLC, and are now claiming that that 1 billion contract is a partnership with the “King” of Qatar. Dumb as a stump.
Thanks for all the information Restelo’s Old Man (and Iushin).
For the past years I have been following the ponzi scene in portugal, specially the man with a moustache. Ever since I saw him for the first time in a photo of the now defunct New Way Elite Club I immediatly spoted the real crook that he is.
I followed his move from New Way to BBOM and to Get Easy. And once In Get Easy, I was immediatly fascinated with a problably even bigger scammer, Antonio Loios. From my research on the web, here is his CV:
– he calls himself an engineer, but he is not; he didn’t even finished high school studies.
– he claims to have been a councilman (vereador) in Arraiolos, which he never was.
– he was the Expansion Director of Arcay at a conference in Vidigueira, in 2008, presenting an investment of 881 M€ in a solar plant.
– there are quite a lot of stories about him on the web, about his deals with arraiolos carpetmakers, with debts he left to his ex.wife, and even of him selling his parents house and leaving them with no place to go.
Ia was also quite intrigued with the photo of Pedro mira Godinho and the arab guy, and with the fact that don’t advertise that ‘deal’ on geteasy media.
As investor i got invited to join this company. But I did not.
It looks like this is a scam but however no proofs yet. However i am collecting more details and as soon as they are true facts I will post here.
The only think i know is this company today is sustainable, but only beacuse new investors(members) join, because when they stop joining we all know what will happen…
Did you miss their business model?
“No proofs”…. riiiiiiiiiiiiight.
There is a huge lack of information this company pass into “investors” (i would call it scammed persons not investors).
They claim they will rent “our devices” (if we invest) and will give you one for our Use (this looks childish its like giving one sweet away and everyone believes them!).
But when you ask them where the other devices go (it looks no one who join them care about this they just want easy money), what countries and who is already renting them….there is no reply…they change subject and claim they are rented worldwide (they claim wolrd is soo big…lol) it is their “partners” job and dont have that info.
They claim devices will be rented for 48 months. (i dont belive, because competition has the same service with only 6 to 12 months renting contracts and some dont even have contracts….), so why on earth will someone sign a contract to 48 months when others companies offer same service cheaper and witouth contracts?
I’m enjoying to unveil this mystery ..!
More to come soon….!
There is no mystery, it’s a scam.
Of course, but many people choose to believe in lies or delusions.
You haven’t bothered to check how fast your own justice system works, do you?
Mensalao case, the largest corruption scandal in Brazilian history was exposed in 2005, but it took two separate Parliamentary commission to make indictments. Your Supreme Court took the indictment in 2007, but the trial didn’t even start until August 2012, and it took the supreme court a whole YEAR to render a verdict.
And that case ultimately indicted about 40 people, and tried about 28. Probably hundreds testified… but you’re only talking a couple million Reales over 2 years (2003-2005). TelexFree involved far more people and much larger amounts of money.
Mensalao case and telexfree case are completely different.
Mensalao you have to prove PEOPLE (polititians) are criminals.
Telexfree you have to prove the MODEL is not sustainable. It’s numbers. Math. And everything the court asked was supplied by the company.
2+2 = 4
How hard is it to prove that this math calc is correct?
Aparently it’s hard and costs about 2 milion for Ernest&Young to do the calculations.
It’s very easy for people to say that the MODEL is wrong, but it seems it’s not easy to prove.
A few hundred years ago earth was a square and was the center of the universe. Earth MODEL was wrong back then but it took a loooong time to prove it wrong.
Today my children learn at school that matter has 3 states. solid, liquid and gaseous. But the truth is that it is at least 4, because plasma isn’t any of them, and also is not space’s black matter. So, it’s clear to me that matter has at least 4, probably 5 states, if not more.
But hey, good news. Ernest&Young’s work is almost done. A few more days and I will be very happy, either way, MODEL correct or incorrect, any decision will be good.
If you only look at the differences.
OMG. At least let’s wait for the Ernest&Young report. I really think you are gonna find a way to attack it, doesn’t mater what the result is.
But as I said, I am happy whatever the result is. Any result is good to me.
Funny, that’s what others said about US system being so good to allow TelexFree to exist, and how good it is when the Brazilian courts squashed Ympactus… until the US courts acted with the SEC… then it’s “how Acre PP corrupted US officials”.
I don’t know what you mean. Even tried the translator but nothing.
If you are saying that the brazilian’s ympactus case/process is under a huge corruption/scandal… that’s no news. There will be elections this year, and Acre state had already 10% of it’s population registered with Telexfree.
If you consider about 300 thousand workers, then it grows to 23% of it. That’s a lot.
This 23% (+ family) don’t need to vote for one specific candidate to keep their jobs. So… yes, it has 99.99% of chance that it comes from the governor all the way down to the court and prosecutors.
Let’s keep in mind that ympactus has the OLD MODEL and US Telexfree now has the NEW MODEL, and the new model I think it’s not good for the company.
It generates 7x more bonus and I think it was created under pressure. I really hope they build a new model that limits bonus per month+tax ID+address, for example 30.000 USD per month for anyone.
Today i had a chance to speak to a few Geteasy’s members and found something they both have in common:
None of them care about content and only care about numbers….
None of them understand where their money really goes (they dont care).
The ones I spoke with none had ‘content’ (i mean content as what did the company gave to them). And the so called tracking devices I havent seen none!
Also they are in rush.. because by 18 this month is a deadline to join the companny and get a bonus. So maybe after that who know what will happen….
More to come soon….
Exactly. They see it as an investment: put money in, get more money out in 6 months. They are “willfully blind” (reference the apocryphal Horatio Nelson “turn a blind eye” story).
The fact that you are ignoring is there is no INCOMING revenue other than you and fellow affiliates put in. The company is promising too much money to the affiliates, because it never received enough income… and a good bit of money is frozen in Brazil.
If it was really VOIP sales TelexFree need be selling TRILLIONS of minutes a month to be paying all of you so much money. The company is trying to slow down hemorrhage by revising the compensation rules.
You prefer the Brazilian version? It means it will die at least twice as fast.
And if you want to talk TelexFree, please do it over at a TelexFree topic. This is, after all, GetEasy topic.
I mean many Brazilians claim that the Acre PP and judges are corrupt, and US justice is fair.
But that stopped when US justice stopped TelexFree, put Merrill in jail (just let out on bail), and make Wanzeler ran for his homeland, leaving his family behind, never to return (his own words).
Do you see no irony in that?
Hello folks, I’ve been offered to join GetEasy in Italy. So it’s spreading. Took me a while to find this topic, very interesting reading. Here too they’re pushing with the June 19th deadline for the “bonus”.
Could all this keep running for years, as far as new cash is pumped in? Early investors could get away with real profit and honestly claim the whole thing as legit.
Typically a “fresh” Ponzi has a lifecycle ballparked at 2 years. Given GetEasy is a TelexFree reload scam though, that period is considerably less.
As to early investors, they can only ever claim they were paid. Nothing more.
By definition, Ponzi schemes cannot be legit.
Neither are illegal pyramids like GetEasy, but the legal/illegal parameters aren’t as well defined with illegal pyramids.
Yes, but it won’t be years. As Oz said, the average observable lifespan of a small scale Ponzi scheme or hybrid scheme is between 24 and 36 months, maybe 48 months if they manage to expand to different countries as they are shut down in one. But generally a “reload” scam going after the same “sheeple” (gullible people) of a previous scam are never as successful as a) less people have more money to put in, and b) the law enforcement know the general patterns.
IMHO, GetEasy is more like 12-24 month lifespan. And you’re already joining late at 8 months in. AND it takes you at least 6 months to make back your own money. I wouldn’t advise it.
On 18th June, the bonus finished if you don’t affiliate 2 new persons so, you can’t destroy Get Easy with suppositions, comparates it with Telex free.
I come back from Portugal and Get Easy will be exist for a long time… believe me !
Lol, they ran out of money so now need to force affiliates to recruit.
Today i got surprised. I had acess to financial reports from the companies in ‘partnership’ with getesay and found what i ve expected.
None are profitable. Some of them only claim to have one employee.They are high risk investment and if we investigate all off them in details…I would be surprised…..
It looks like this is spreading worldwide very fast. There are milions €€€ now involved.
What new members should be aware of is soon this will Blow up and everyone who put their money there will loose it. Remeber, you (members) have a contract, but at the time this company shuts down, that contract will worth NOTHING.
To the members: Have you ever wondering why is Geteasy registred in Macau? Simple as that, any money left by the company will be there….so if the company shuts down…no one will rescue your money from there…
What I will have to say is:
Do not Join (unless you want to loose your money). If you already joined,as soon as possible GET Out, and dont Invite your Family or friends in….beacuse at end you will loose money and Friends.
Anyone disagrees? Correct me if I am wrong!
To Cricri: Honestly will last long time? Dont think so….
Cricri, do you believe ins Santa’s? you are puting your money into nothing….
Cricri, do you have your Tracking device? Dont think so… Mate wake up and change your life before is too late….
Cricri, you have a problem, as i mentioned before. I bet you joined geteasy withouth realy knowing what is all behind… you only care about numbers and forget about content…
One day you will give me reason..
Yes I’ve my GET TRACKER and my TRACKING DEVICE… I visitd the company, so I’m very happy 🙂
And how many of those trackers have you sold to actual retail customers (not email addresses or fake names on a screen)?
I think i know his answer…he will say..it is geteasy’s job to hire/ rent them…
I would gess they might have a few thousand rented…but this ones will be rented to members, as everyone who joins geteasy will have one .
Lets say 10,000 members=10,000rented….
However Cricri is happy as he says he had visited the company..lol…..it is easy to rent an office to show to public…but what is behind there is nothing…no content…
I have a few questions for you Cricri:
How many devices Geateasy has rented/hired?
What countries they are getting sold?
Wich company is providing that service?
If I want to rent/hire one who should i contact?
What price is it rented?
Can you answer this cricri?
Well looks like my questions will never get an answer from Cricri…. as he said..he is happy…(but when he finds out what he is into..he will be crying..)
So it time to change my target:
Any member of geteasy can answer the questions above?
If not this will proove I am right and Geteasy is nothing more than a SCAM!
Pays with new members money…and there is nothing creating revenue….but when new members stop joining..Colapse!
What?! I don’t know where you come up with those numbers, but i guess it’s easy to make them up when you have no grounds to sustain your claims.
A landline telephone, with unlimited calls costs around 69$ with all the benefits of a landline. Yet, you claim a 120$ voip that isn’t functional was better … dear o dear.
1. What’s the cost for renting each LED lamp?
2. Where’s the catalog of said lamps? Who is selling them?
3. What’s the duration of said contract.
4. Who will install the lamps?
5. Are you aware of the infra-structure required to replace all the lamps in said hospital?
6. Why pay so much money for low quality china leds when you can get philips with 2 years warranty much cheaper?
7. Are you sure 20.000 lamps is enough for the hospital? Considering they are replacing lots of fluorescent lights, in a large rooms where lots of light are required.
8. Do you honestly believe in what you are saying?
In my latest comments, I said : I’ll will not answer to your questions and comments… So, if you believe Get Easy a scam… OK !
I’ve a different position and I don’t want argue against you.
Your position is not based on reality. You pulled it out of your ass.
Good luck with that, and the ripping off of investors who come after you.
“Renting” LED lights? I can buy LED lights in Home Depot for $6 each! Can’t be THAT much more expensive in Europe!
Just as I can buy GPS trackers for $100 (or less) and get service for monthly fee of $5!
GetEasy’s business makes no sense, and Cricri apparently know it, and know there is nothing to back up his “faith” in the business.
Yep i agree with you, Cricri maybe he knows or he just doesent wanna know (like many other members…).
Gps trackers are for less than 20usd, just bought one. And i am going to show it to a few members, i wanna see their face…. Monthly fees, none, just pay as you use, cost to track each time, just a text message fee….
No one can answer because there is nothing behind Geteasy, actually there is…a big SCAM.
They claim there are a few other companies where they are selling /renting their products, but checked a few of them, and also Scam’s.
BONJOUR – IAORANA…. Have just spent 2 hours + reading all the comments & threads! How VERY SAD….
This scam/Ponzi scheme has even found its way in the islands of the south pacific!!! It is totally disgusting!
I am a regular visitor and I was approached 2 days ago to join as it is ‘the best investment opportunity” – My reply was: NO, not yet. Let me investigate and research further.
I am in 5 reputable MLMs – for over 5 yrs now & I can soon tell if is a scam or not! GetEasy ‘investors/leaders’ are holding meetings to recruit more! What a shame! doing this to Islanders!…. May those CEO etc rot in hell!
I think I will print some of “OZ” and K.chang very valid points & present them at one of this GetEasy meeting!…. IT IS PURE RUBBISH AND EVIL!
No surprise… I’ve seen a few affected Maori trying to spread the poison of TVI Express pyramid scheme a few years back.
Dear coworkers. I am Brazilian and working with MLM here. Been 2 months since I was contacted by someone from this company (Geteasy) to search for someone who could translate the same site for the official language of Portuguese into English, because in it, some people do not know good English, as I do not know and use Google translator.
In Brazil, we are suffering with so many ponzi schemes that staff this discouraging to be part of the true MLM. Liked the material dets service and would like to contribute information passing over, because I am against these ponzi schemes and fight it.
I can not write or speak English, but I believe I can help in any way possible and put myself at your disposal to investigate anything here in Brazil.
Get easy was created with the same format of a company that has been blocked here in my country that was called BBOM and already know it’s ponzi, but in Portugal, they elegam be a MILLIONAIRE company. but the fact is that these millions, here comes the leaders of Brazil ganharm that much money in BBOM and Telexfree.
With the incoming of money, it is investing this money that promises gains without doing anything and unfortunately many people of my country deceive any promise of easy money and are not prepared to do the real MLM.
Qualuer noviade, I’m here to inform google translator. Hug and success to all.
Well, I’ve been here reading all the posts ‘cos recently my mother in law came to my house talking about a “business” that should be interesting and very profitable, and the worst it was recommended by a nephew , so my wife’s cousin…
Well I clearly see that these guys are swindlers with all the background that they have.
It’s very clear that these so called gratuitous loans or “comodatos” (in portuguese) are a ruse, for instance the so called led contract, led lamps from national brands are being sold with warranties and maintenance included to big institutions and they have been very successful in these deals (real ones) the so called gps trackers are already sold in these terms by some companies.
By the way I’m an IT Technician and recently I’ve installed two trackers in retainer regime (the same that they say be selling) in other words the company that asked to install the devices sell the service and not the devices…
So were is the so called innovation or big deal ???
Well I’m not going to loose any time aguing about the so called deals, with all the information here about the background of the interveners (BBOM, NEW WAY Elite Club etc etc) only someone so blind by greed or their blabber-mouthing brainwashing sessions coul fall for this kinda s#$@t.
Pay attention to scams and please dont “burn bridges” with family or friends for guys like this!
PS: Only hope this guys don’t show in my area ‘cos I’m gonna be there and warn people about this guys. You are warned scamers.
And by the way, @Oz great job and thanks all the info needed is here and you can bet I’m showing this to the media here in Portugal !! Live long and prosper 😉
That’s not an easy problem to solve. I don’t think anyone have a good solution to “My mother in law tries to recruit me into a Ponzi scheme”. 🙂
That’s a type of problem where people usually must use their own experience for “which buttons to push, and which not to push”, i.e. solutions to that problem will be very individual.
I’m not very familiar with GetEasy, so I can’t add much to the factual part. It has been identified to be a “reload scam” to BBOM or Telexfree, targeting the same group of people (Brazil, Portugal, Spain, Dominican Republic, etc.).
SOME GENERAL INFO – ALEXA STATISTICS
The activity in this thread indicates that GetEasy isn’t very active in English speaking markets. It’s probably marketed locally “face to face”, among family members, friends and neighbors.
Alexa info shows the following countries for internet visits to geteasygroup.com and officegeteasy.com:
* Portugal 24.8% / 27.2%
* France 20.2% / 25.1%
* Brazil 17.6% / 17.7%
* Spain 17.4% / 16.0%
* Russia 5.2% / 5.5%
* Ukraine 1.3% / 1.4%
* USA 1.2%
What that tells us is that people are visiting their back offices on a daily basis. It’s the people who already have joined the program who are the main visitors, and they spend more time visiting their own back offices than they use on the main site (10 minutes versus 2 minutes).
The Alexa ranking has been stabilized = GetEasy doesn’t grow much. Ponzi schemes will collapse rather quickly if people withdraw more money than what other investors are putting in. You can probably expect it to collapse within few months.
Reinvestment options may delay the collapse. I haven’t looked into what the program offer there. Withdrawal restrictions may also delay a collapse, but I haven’t looked at that either.
That was all I was able to add now.
The other day I saw some post in FB about GetEasy’s new compensation plan…Déjà vu anyone? Lol
How do these percentages tell you “that people are visiting their back office on a daily basis?
It’s not 100% accurate (nothing Alexa is) but given nobody but affiliates (and perhaps prospects) would visit a Ponzi scheme website, it’s fair to suggest most of the visits recorded would be affiliates.
You get some interesting cues from the Alexa backend sometimes. Like if a company claims to be registered in the UAE and then provides a British registration on teir website, yet most of their traffic is from Brazil/Portugal – obviously something is up.
Ditto the Indian scams who usually pull the 20 GBP company registration too, yet most of their traffic is from India/Pakistan.
It doesn’t tell you that DIRECTLY, but you can combine it with other data to see how a website is being used.
“Daily basis” was about the back office website, not about the main site. It doesn’t mean “each and every day”, but something close to that (e.g. it can also mean “more than once per day”).
Back office visits reached a peak in May/June 2014, but after that it has been very stable.
People are visiting their back offices more often and more stable than they’re visiting the other site. Some are going DIRECTLY to the back office (via links, favorites, bookmarks, etc.), some are probably logging in from the other site. GetEasy has links back and forth between those two sites, and they’re both on top of each other’s upstream list.
Here’s some of the data I used:
GLOBAL 16,151 (+40,282) = more popular (than the other site)
PORTUGAL 179 = more popular
Search visits 1.60% = very few coming in from search engines
GLOBAL 37,273 (+74,420) = less popular
PORTUGAL 523 = less popular
Search visits 9.10% (down 35%) Some visitors from search engines
I used some classical “Sherlock logic”, e.g. “Small shoes, indicating small feet. Wrinkle on the eye proves he’s been eating soup for decades. Thick fingers that suggest he’s never touched a synthesizer.”
Thanks to both of you. Interesting stuff.
Dear Douglas. I am Brazilian and eletricistasugiro you should be better informed about lEDs.
The instalaçoa the same, requires no specialized labor and any electrician today makes this service. When you tell me here that for 20 euros per lamp installed by mê makes no sense enhum.
Here in Brazil it has the largest LED company called BHLED. It manufactures various models and certainly for large companies, has great prices. When it comes to LED, it is measured by LUMEX and depending on the height dpo establishing the distance between each varies greatly.
Ie it would be unfeasible to chelate company WORLD rent led, may own team of electricians to do the installation.
Are LED bulbs that cost $ 20USD in the market and with a 5 year warranty, so that the lamp of this company is rented? Sorry buddy, but I understand enough lamp.
Do not kid yourself. I became interested in learning about such lamps but no one was able to show me ANYTHING about the company. QWuando found that only they can install (supposedly) realized the blow buddy.
Estruttura imagine that a company of this size should have to meet all that they say? HOW HAS to because it is very simple to install an LED lamp and even more with these absurd monthly prices you presented.
Douglas! As such hostpital in Recife, try to know the truth about it and learn, because when people are emotionally involved with a company that is paying, she closes her eyes pro knowledge and do not see what really happens.
Run behind the information without putting your heart on the front and sees the facts.
GetEasy is also heavily recruitment focused, i.e. people can earn much more money if they recruit a small downline than they can from the passive investment. Most recruitment based Ponzi schemes will try to partially “hide” recruitment rewards, make them become less visible to passive investors and others looking into the program.
Many reload schemes will do the opposite = make the recruitment rewards become clearly visible, and use it as an argument “we offer much more rewards than those other programs”. They try to be “better than the original”, typically by offering more rewards to recruiters.
That’s also where they fail, i.e. they fail to attract the passive investors. People have a built-in mechanism in the brain for “fairness”, they don’t like that others than themselves clearly are being favorized at the expense of themselves. They will probably accept if they are the ones being favorized, but they won’t accept the opposite.
Passive investors don’t like the focus on recruitment if it’s too visible, they will simply not feel very attracted to that type of program.
Reload schemes will reach a peak relatively early, because of people jumping ship from other failed programs / about to fail programs. Other recruitment based Ponzi schemes will grow slowly in the beginning, i.e. they will need to reach a “critical mass” where “almost everyone is talking about it” before they can grow rapidly.
The idea for those programs are quite different, e.g. the original Ponzi scheme probably tried to attract quite ordinary people (non recruiters), while the reload scheme tries to attract the sales people (the recruiters).
Maybe I can not explain well in English because I use google translator, but I try to warn many people here and I’m so upset because my country is infested with dirty and blatantly lie to earn extra money people. Can not a poker player, not knowing that one BLUFF.
Our Brazilian friend should not pay close attention at the tables and should lose so much money. Does knowing he did not learn to play poker that the more force is demonstrated desperately, is because the hand of the opponent is weak?
I was approached by 2 guys here in Brazil, asking me for help looking for a translator to translate the site gateasy and I was thinking: Wow! A mega business in need of a translation service to translate an entire site came looking for me?
During the conversation, I studied every word and comment by the company’s situation was not so giant and were raising money to form some million dollar contracts. Now!
As a smaller than my city (Rio de Janeiro) country gets more customers from outside to trackers? A country that is in crisis, and a small fleet of super vehicles limited. That goes to an absurd mensalidae these, compared to the market price? Who will actually rent LED lamps, if they are lowering prices?
Player of bluffing in poker only drops if you are unsure redo the play back to front. Poker players change their strategies to avoid being caught in BLUFFS, but in MLM, they do not care about it, because people do not create a record of each player.
Here in Brazil I call the company oba oba. Here in my country, people think they know how to do MLM but are not qualified to take his own mistake. Unfortunately it is the family that pays the price, and good people who enter without knowing what you’re doing.
@Marcelo Duarte: Next time, put both Portuguese and English. Just separate it with some dashes, like:
I do not really read Portuguese (I read Spanish) but I can guess most of the meanings. Google translate is not that good but it works well enough that I have no problem understanding your general idea, but sometimes it’s better to read both to make sure we understand you.
Interesting comparison to Poker card game and bluff. Yes, scammers bluff. But like a bag which was pumped more and more air, eventually it will go POOF!
And it is our job to push them for more details, so they bluff some more to cover up. To make them go POOF even faster.
GetEasy is not MLM. No products are being sold. This is an investment contract… You give them money, they give you more money back later. If this was a stock and company lie about contracts it would be accused of stock fraud known as “pump and dump”.
And this company basically is behaving like one part of TelexFree… Give them money, they give little money back for long periods.
If he want a long term solution, the trick is to THINK in the same language he’s writing. I have actually analysed that problem when I used Google translate myself.
It can be explained logically using some simplified ideas.
Writing will involve the same parts of the brain as oral language. The brain will typically recall IDEAS from memory, and then it will try to describe that idea logically as a complete sentence, and then it will write the complete sentence down. It CAN divide the idea into sections, but not into too small and incomplete parts.
IDEAS are usually stored in the visual parts of the brain, e.g. my “Sherlock logic” in post #155 was from a Sherlock Holmes parody I watched in March. Most ideas are stored as images or complete movies.
* the brain will first SEE IT
* then it will logically try to describe it
* then it will write the idea down
Translation will interfere with that process and make it become less fluid. It will involve the logical part of the brain, critically testing each and every element word by word. It will not accept any missing parts. The trick is to describe it DIRECTLY into the correct language.
Reading works quite differently. The brain will ACTIVELY translate word by word, and fill in any missing details itself from the visual part by comparing it to the ideas it already have. People will usually “get the idea” even if they don’t understand each and every word.
Another trick is psychological. People must see it as “training”. They must temporarily lower the expectations they have to themselves. They should at least see some of it as training. The opposite will be to see each and every post as “highly important”.
A third trick is to use simple tools rather than complicated ones, e.g. you can use the Google search function to spell check single words. I used it to spell check “favorized or favorised?” in post #159.
Sorry, not GetEasy’s comp plan, Wishclub’s!
To Oz and other anti Geteasy members:
if it is possible to give me answers to the following questions:
1)If this is a pyramid scheme and they do not sell real products why did i receive a GPS tracker by the post when i subscribed on GET EASY for a 1200 pack
2)If this company is illeagal how come Today : 12 of august Paris Hilton is coming to do the promotion of Geteasy.
3)How come i made money without subscribing any clients under me ?
Because you invested in a GetEasy participation pack and bundled with GetEasy affiliate investment is a GPS tracker.
Because you can passively invest in a Ponzi scheme.
look at this website, about paris hilton in portugal, and you can see “geteasy logo’s” …
Getmusic.com redirects to Universal Music.
Paris Hilton does not care about or endorse your shitty little Ponzi scheme.
If this has anything to do with GetEasy, all it means is someone used Ponzi funds to pay her manager an appearance fee.
How this in any way shape or form legitimizes a Ponzi scheme beats me. Smoke and mirrors, smoke and mirrors.
Edit: She’s DJ’ing some festival as part of a pre-planned tour, has nothing to do with GetEasy –
Still smoke and mirrors, as paying sponsorship for a music festival is neither here nor there.
It’s a play straight out TelexFree’s playbook. And that worked out oh so well for them.
Ugh. Does this mean we’re going to have Portuguese Ponzi morons crapping on about how Paris Hilton loves GetEasy over the next few weeks now? Give me strength…
There’s this article on a popular newspaper website (Correio da Manhã) that says that the price to enter this disco “Pacha de Ofir” in Portugal, where Paris Hilton is going to DJ next, depends on where you buy the ticket.
It’s says that on the GetMusic website it costs 25€, where as the manager of that club says he’ll be charging 15€ per person that show up by the door! NO ONE is going to buy the ticket online! There goes the revenue for GetEasy affiliates!
It is unfortunate, Mr. Oz, you seem like a person perssuasiva, and intelligent. But his failure is to believe more in what you want to spend for the people, than even get the real facts. The time you lost here stating your point of view, you ~ and obviously would have gone multiple times to the Office of Geteasy Group, and found, and with their own specific eyes have seen a room packed to the ceiling trackers.
I live in Brazil, and also know the Pleimo platform, musicians, and many people around the world are downloading this app on your phone. I already received my tracker and all that went with me.
How can a bank suisso close a deal with a company that does not exist? That’s right, each affiliate has the right to ask your pre paid card with the Visa brand. What do you say? And the insurer who is behind the company.
Yeah, I saw that you need to research more, to know what he is talking about. I believe that when you find out the whole truth will be so delighted to be part of the company as well. Search and Success in discoveries 🙂
I say none of that has anything to do with GetEasy taking new affiliate money and using it to pay off existing investors.
And you need a better smoke and mirrors machine.
These dumbshit distractions might work convincing idiots in the backwaters of Portugal to invest, but they won’t get you very far here.
The buck stops with GetEasy’s business model and compensation plan, which is Ponzi all the way.
None of what you said so far failed to convince me.
Against facts there are no arguments.
I’m not surprised. Most Ponzi investors are complete blockheads.
Totally agree. And the only “facts” relevant here are GetEasy’s compensation plan.
Take new affiliate funds and use it to pay off existing investors. Just like TelexFree, everything else is irrelevant.
To Mister oz:
Then when i say:
How come i made money without subscribing any clients under me?
And you say :
Well Mr OZ: Isn’t that a bit contradictory????
Knowing that i made money with geteasy WITHOUT having anybody Under me to PAY ME off ??? ZERO AFFILIATE MONEY ZEROOOOOOOO there are No affiliâtes Under me, NO ONE SUBSCRIBED and i got Money? Where is the Ponzii scheme in that ?
2) Regarding Paris Hilton
Hey Don’t You Get SUED if You use an artist name to promote your Business without there autorisation ?
A bit risky don’t your think Mr OZ ?
(Ozedit: Offtopic whinging removed.)
You are confusing pyramid scheme with Ponzi scheme.
In Pyramid scheme, you have to enroll/recruit people to get paid. You don’t have in in a Ponzi scheme.
No. What the individual investor does has no bearing on the overall “health” of the Ponzi scheme.
At the end of the day the scheme as a whole relies on new affiliate funds. When that runs out, kaboom.
Somebody somewhere recruited affiliate investors after you for yourself and earlier investors to rip off.
Get Easy might have paid some money to that Seven nightclub to put their name on the flyer?
So? Has nothing to do with Paris Hilton’s DJ Tour and nothing to do with Get Easy’s Ponzi scheme business model.
Anything further Paris Hilton will be marked offtopic.
Ditto your offtopic whinging.
Sounds like a perfect match: Get Easy and Paris “the slut” Hilton.
Incorrect. There could be a small minority of people selling the products/services to external customers, while overall, the MLM is an illegal pyramid.
The key question is whether at least half the profit comes from selling to external customers versus recruitment rewards, including ongoing internal consumption. If yes, legitimate MLM. If no, illegal pyramid. What’s the answer?
Except it normally doesn’t run out due to saturation, it goes on indefinitely, for decades in some cases.
Not MLM Ponzis.
There’s no such thing as an MLM Ponzi. An MLM scam is an illegal pyramid, not a Ponzi. I’ve provided the difference between the 2 before, why didn’t you read for comprehension?
That’s exactly what I’m trying,. If today any affiliate recruit, recruit as many do not, the company sustains itself for many years.
Besides having closed contracts with potential investors for 8 years, there is no need to recruit, but the best way to distribute a product through network marketing, word of mouth, agree? that’s why the companies that joined the Geteasy had an interest, as it is easier the whole world receive their products through people, than just local or regional customers.
I know Direct Sales and Network Marketing is not illegal.
I know Pyramid or Ponzi system, there is a product to be delivered to the market, just money on top of money. It is exactly the opposite of the proposal Geteasy.
I’m sorry some language errors.
Ponzi schemes don’t work like that. They’re unsustainable.
That’s a bullshit sandwich right there. There are no potential investors.
GetEasy take new affiliate money and use it to pay off existing investors. There’s no airy fairy investors standing around waiting to pay you pie in the sky returns for 8 years.
Nobody “joined” GetEasy.
Everything is an affiliate agreement with them. GetMusic is just an affiliate name for that third-party music service. Ditto everything else they “offer.
Which investors are you talking about there? I have watched a few presentations, and they didn’t mention anything about that.
That argument sounded very similar to TelexFree’s “Best Western contracts” and “insurance company contracts”, the type of meaningless marketing BS used to promote something internally. WCM777 used “Siemens contract” as an argument.
Which products are you talking about there? The presentations I have watched only mentioned the “Participation packs”. You clearly need to recruit people first to sell those.
You can buy those “Participation packs” and earn a monthly ROI from the secondary market, a type of magical solution where customers in other countries will respond to your own payment and immediately buy “service contracts” from a third party company. That doesn’t involve any “word of mouth” marketing.
Which companies are you talking about there? GetEasy is buying products from one or more wholesale companies, but that doesn’t mean those wholesale companies have “joined” GetEasy.
I used “wholesale companies” as a general term, i.e. I haven’t identified exactly which types of suppliers GetEasy is buying products or services from.
The presentations I have watched also vaguely mentioned some third party companies, the ones renting out those “service contracts” for profit.
Pyramid schemes are recruitment based, they will reward you directly or indirectly for recruiting other participants. It can be disguised as “selling products”.
Ponzi schemes are normally investment based, e.g. “contracts” promising weekly payment for a year (usually based on some meaningless “work”, e.g. “post daily ads”, “watch marketing videos”, etc.).
* One of the signatures of a Ponzi scheme is a type of “profit generator”, a believable story about how the profit is being generated and how it will support paying out the ROI for one year. GetEasy has that, but the story isn’t very believable (it’s too complicated).
* Another signature is virtual payouts to a back office, where people can use those payouts directly for reinvestment purposes (“buy more contracts”). I haven’t analysed that yet for GetEasy.
Ponzi schemes will generally try to attract money from investors, by offering those investors promises of higher ROI on their investments than other investment types (banks, etc.).
* You give your money to the Ponzi scheme, and the Ponzi scheme will give you a promise in exchange for your money (e.g. “contracts”, “investment units”). It will keep that promise to the early investors to be able to attract new investors (it will use the money coming in from new investors to pay the old ones).
* Ponzi schemes will typically use “illusionary payouts”. Many people are not able to separate between different types of electronical systems, e.g. they may believe e-Wallets are similar to bank accounts (“it looks like it, it works like it” logic). They will look at the similarities rather than at the important differences.
You’re doing fine. Language isn’t your main problem, your own beliefs seems to be a much bigger problem than the language. 🙂
Tex, MLM is one thin line away from being a pyramid scheme. It merely has ONE difference based on the Koscot test from pyramid scheme.
Then there are various pseudo-MLM schemes that can be Ponzi/Pyramid hybrids that call themselves MLM, or affiliate marketing, or whatever fancy name they choose.
And I never did mention “MLM” before, merely “ponzi” and “pyramid” schemes. While I sort of appreciate the opinion, it does get kinda distracting.
Tex, a “MLM Ponzi” is a hybrid pyramid / ponzi scheme that calls itself MLM (but isn’t).
There are no evidence of closed investors. Nobody would invest in an unknown company, hand over money, and expect payback for EIGHT YEARS.
Term is too long. In Eight years the products would have changed generations many times over. Apple brings out a new model of iPhone every year, yes? How fast do you think GPS trackers or LED lightbulbs change? Every 6 months or less, probably. So who signs an 8 year contract? It makes no sense.
And why do you say “investor”? It should be “business partner” or “seller / vendor” or “customer” if they sold products or buy products from GetEasy. They do not “invest” in GetEasy.
If you buy a hamburger from McDonalds, do you “invest” in McDonalds?
if you sell tons of beef to McDonalds do you “invest” in McDonalds?
No and no.
So why do companies who signed “closed contracts” with GetEasy “invest” in GetEasy?
You are REPEATING what GetEasy says without ANALYZING what they say. What they say do NOT make sense if you actually THINK about it.
Ligia é brasileira ou portuguesa?
Pelo jeito você não conhece o “Oz” … Contra fatos não há argumentos serve para você. Você não entende e não quer entender. então não adianta discutir. Ele sabe o que diz.
Ele é mil vezes mais qualificado que sua vã filosofia pode imaginar.
Ligia is Brazilian or Portuguese?
Apparently you do not know the “Oz” … Against facts there are no arguments to serve you. You do not understand and do not want to understand. then there is no use arguing.
He knows what he says. It is a thousand times more qualified than your philosophy can imagine.
another blow. Just look at the people involved already recognized.
A few questions:
1)Less important question :What is the difference between a pyramid scheme and a ponzi scheme.
2) Important question : Where does the money in a ponzi scheme come from knowing that you get money without having to find affiliâtes and that you do not have anyone Under you to giveyou that money like in a pyramid.
3) How do you proove that Geteasy has not signed any contracts. Is it supposition or do you have real proof.
Please answer something else than: Do you have proof that they did sign a contract?
That’s just immature.
One is investment based fraud, the other is recruitment based fraud.
Google that shit and stop being a lazy dumbass.
New investors. Who recruits them is irrelevant.
Signing contracts is entirely irrelevant to the mechanics of taking new affiliate investment and using it to pay off existing investors.
Affiliates invest in participation packs, which has nothing to do with contracts.
As far as the smoke and mirrors of contract signing goes, who gives a shit? Grown adults parroting bullshit Ponzi marketing PR is beyond immature.
I have some friends in france who have buy geteasy packs. they have tried to get back some money and they discover that they will have to buy a credit card to avoid important transaction fees each time they want their money back.
So they pay for geteasy credit card but they never receive the card… so they have just a virtual income on geteasy site, nothing else…
Perhaps will they think they are rich just the day before all collapse !
Most people will not receive any profit. The money doesn’t “come from somewhere”, it’s about different types of ILLUSIONS, about illusionary profit.
Illusions are about misleading the brain to believe in something that looks true, but isn’t really true in reality. Ponzi schemes will typically offer “phantom payouts”, e.g. payouts to a back office. The brain will not separate between that type of payout and real transactions of money (unless you tell it why and how to do it).
Ponzi schemes will offer empty promises about profit, but only the early investors will have a fair chance of actually receiving any profit. A “one year contract” doesn’t count as profit. Profit is about MONEY actually received, it’s not about vague promises or virtual payouts to a back office.
ZEEK REWARDS AS AN EXAMPLE
* Very few investors will receive a high profit. For Zeek Rewards, around 1,200 out of 900,000 investors received a high profit = 0.13% of the investors. I believe those 1,200 investors are about investors living in the USA.
* Some investors will receive a medium sized profit. For Zeek Rewards, appr. 16,000 investors received SOME profit = 1.78% of the investors. I’m not sure about whether it was about American investors or about investors total. 9,000 U.S. citizens received more than $1,000 in profit = 1% of the total number of affiliates.
* Many received payouts, but less than what they had paid in themselves. Appr. 25,000 American tax payers had received more than $600 in withdrawals from Zeek Rewards in 2012.
* Appr. 80,000 received SOME payouts (withdrawals). That’s close to 10% of the total number of investors.
* Almost every one of those 900,000 investors received virtual payouts to their back offices. Many of them made virtual profits, i.e. they received more payouts to the back office than they had paid in themselves – in “monopoly money” which could be reinvested.
Most claims about money making are about “phantom payouts”, about people unable to separate between “monopoly money” and real money. Where EVERYONE felt they made a daily profit, only 10% actually received any money.
2-3% made a profit, typically very small for most people. The high profits were earned by insiders, recruiters with huge downlines, early investors. That profit is now about to be clawed back through a legal action against 9,000 of the net winners.
Some jurisdictions do not see a difference as many schemes are hybrids of the two together. However, based on US law,
As long as somebody/anybody join, and they are joining (putting money in) faster than people are pulling money out, the scheme can keep going.
Schemes will often ask you to leave money in the scheme (do NOT take it out) for promise of even BIGGER payout later. Some even make it “mandatory” (i.e. you can only withdrawn 50% or 80% of what you put in), or force delays or small withdrawal amounts (you can only withdraw small bits at a time, and only once a week)
The numbers shown to the regular people are NOT REAL. They are only PROMISES. Only the scheme owner knows how much REAL money is in the scheme. It is very much like this:
I ask you to borrow $100, with promise that I pay you $7 back every week for entire year. Clearly, this would make me very poor by end of one year, since I am promising 350% interest, yes? But if you give me $100 now, you are hoping I will be that stupid or desperate yes? But maybe if I let you know I have this big job lined up, and I will be repay you no problem even at this outrageous rate, and some other stuff, maybe you believe me, yes?
But I only PROMISE to pay you for full year. Maybe after 3-4 months (paying you with your own money) I found someone else to borrow another $100 to pay you back with. And the cycle keeps going.
I keep promising more and more money to more and more people, but as long as I keep finding people to borrow from faster than I pay people I am still here, yes? Until one day I borrowed so much nobody will lend me money, then I go hide and nobody gets any money… except the first people I borrowed from and paid back.
Now make this a company, and you have a fake company pushing a Ponzi scheme.
They claimed they signed a contract. THEY are supposed to provide the proof the contract is real and exist, and what they provided makes no sense thus far.
The money is being created out of “thin air” = from people’s own imagination. The brain will not separate effectively between EXPECTATIONS of a reward in the future and rewards already received, i.e. people might see it as basically the same thing.
Expectations of profit in the future = the “contracts” or “participation packs” people are buying, with their own expectations about making a profit from it.
Similar to gold investments in late 2011, the most irrational ones will be the ones most eager to invest. Gold investments typically had “gurus” predicting price levels of $5,000 – $10,000 – $15,000 – $20,000 “within few years” per 1 oz. gold, backed up by all sorts of theories.
When people are making investments, the brain will “cash in” the expected ROI before it actually is received (that’s WHY they invest in something, they do it because of their own expectations of a profit in the future).
Some gold investors had actually “cashed in” a $5,000 profit per gold coin, and had made detailed stories about selling those gold coins to hungry investors desperately looking for more gold to buy, why they themselves could use the profit to buy a house almost for free.
That’s generally also WHY people do other things than investments, they do it to “cash in rewards in the future” (e.g. men may buy luxury cars because of their own expectations of “being accepted by the people they look up to themselves, being looked up to by others, being surrounded by beautiful women”, etc.).
Other investors. All the jargon, charts, diagrams, fake accounting, promises, mechanics, irrelevant products, glitter and noise are to disguise the fact that Investor A is being paid with money supplied by Investor B with a promoter taking his cut in between.
The money does not come from thin air. That is absurd.
You have probably focused on “where does money come from?” rather than on “where does the money in Ponzi schemes come from?”.
The earnings or profit most people are talking about comes from “thin air” = it comes from their own imagination e.g. in how they interpret what they can SEE with their own eyes. It’s not about real transactions of money.
Most payouts in Ponzi schemes are about non-monetary transactions of some types of “internal funds”. It will require some software and a database to generate the figures and to keep records of internal balances, but it will not require any real money. It will also require some people willing to believe it’s about real transactions.
That’s “money created from thin air”, i.e. it will primarily require people willing to believe in some ideas. It will be the same if people are buying “participation pack” contracts or other investments promising payouts in the future.
I am sorry for the spelling mistake..
I am from belgium and Geteasy begins to start invading my country and .. my facebook.
I have read a lot about it, but the problem is that people doesn’t care if the company blow up in the future as much that they earn money from it.
And that’s true, who care that mister random lost his money as much as I earn money now ?
Even me, I think to put my money in it even if I know that there are a lot of strange thing and illegal acts.
Could you tell me briefly how to explain to a friend that you do not have to go in it ?
Those are not money payouts. Those are “non monetary transactions” Two different things. Try to keep them straight.
You must use your own knowledge about PEOPLE, i.e. I can’t tell you anything about which types of arguments your friend will be interested in.
Here’s some general knowledge about PEOPLE …
Most people will make a PRIMARY decision in a few seconds for whether or not they’re interested in something. After those first few seconds, they will simply add information in support of their own primary decision.
When you were introduced to this opportunity via Facebook, you most likely had some gut feelings warning you about it, e.g. something looked too good to be true. You rather immediately decided to DELAY a decision about joining or investing in it, and you decided to search the internet for more information.
That delay is very important. People are less likely to make decisions about buying, joining or investing if they can manage to delay the initial decision.
We offer the type of information you were looking for to avoid that opportunity. I’m not sure about what we can offer to your friend.
Focus on your own motives rather than on your friend’s. You will communicate it better if you can explain why YOU don’t want to invest in or join GetEasy, instead of trying to explain why HE shouldn’t join.
That’s how people work, that’s usually “the correct buttons to push” (among many other buttons). People will simply close their ears and mind if you focus on THEM and try to make THEM change their own decisions.
But they will usually listen carefully to other people’s arguments about “I don’t want to join that opportunity, because …” (because people like to compare their own decisions to other people’s decisions). People will also COPY arguments or decisions they like.
* You must handle PEOPLE yourself, based on your own knowledge.
* I can offer some general but also specialized info about people and decisions, “from a sales person’s point of view”. That’s meant as a “fishing expedition”, some general ideas people may or may not be able to recognize. I have many ideas like that.
* Of course, I don’t know anything about YOUR decision making. I suggested “gut feelings” and “delaying the decision” as some potential factors, but I’m not sure that’s the correct factors.
* “Focus on your OWN motives first” was a general advice. People will often COPY other people. If you try to CONVINCE people about something, most people will hear or read your arguments through their own “filters” (they will be much less interested in some types of arguments).
* I can probably offer some good arguments for why I won’t invest in Ponzi schemes or join recruitment based opportunities. That’s much easier than to explain why YOU or YOUR FRIEND shouldn’t join or invest. I can sometimes offer the opposite types of arguments too, if people ask for that type of information.
Exactly. Those are not money payouts. Those are non monetary transaction. Two different things. Try to keep them straight. Look at what my 2 posts were about rather than looking at your own ideas? 🙂
I had 2 relatively long posts about virtual payouts and the expectations people have about different things. I used Zeek Rewards as an example in the first post, providing some details about “number of investors” and “% of investors”.
I actually “kept it straight” in both those two posts, but I didn’t focus on the same part as you probably did. I didn’t focus on “where does money come from?”, but on the realities in most Ponzi schemes.
Most payouts in Ponzi schemes are about non monetary payouts of “internal funds”. People might see those “internal funds” as real money. For most people, the brain will not understand the difference before it actually has been forced to understand it through a loss or a shutdown.
When people are talking about payments in Ponzi schemes, they will usually talk about non monetary payments of “internal funds” (AND some real withdrawals for a few). You must ask them specifically about withdrawals, e-Wallets and payouts to the back office if you want to get the “true picture”.
….. and your reality is that the money paid out in a ponzi comes from ” thin air” and not from later investors.
That’s a real novelty thought there Muffy.
I don’t suppose it ever occured to you that if that were true no one would ever lose or make actual money by participating in a Ponzi. They would just trade “thin air” between each other. How would they buy boats? Houses, pay for anything? Why would they need bank accounts? Why would the SEC be interested? Why would paying and receiving “thin air be against the law?
The SEC has seized millions of dollars held in bank accounts, and the Zeek Receiver has been attempting to claw back millions of dollars from net winners. Why would he do that if there were no real money involved?
Is Bell attempting to recover “thin air” from Trudi Gilmond?
Please tell. It should be amusing to hear how this all works in Norway’s real life.
The problem is you do not know how long the payouts will last.
A typical scheme like this lasts from 12 months to 36 months (there are some exceptions). How long has GetEasy been running? (From the beginning, not when it got to your country) The longer it had run, the more “notoriety” it had gained and less people will join.
People really on the inside will know, but they will not tell you. They will instead tell you to put money in so they can take money out. Are you sure you want to play money game where you do not even know if you will win anything?
I think you’re taking his word out of context, Hoss.
There’s a huge difference between PROMISED payout and ACTUAL payout. Zeek, in the end, promised people payout based on BILLIONS of points accumulated and compounded. But actual money is only in the hundreds of millions, and most of it are not liquid enough to be moved.
So you *could* say the difference between promised payout and actual money available is indeed, “out of thin air”. There were no assets to back them up.
And even then the actual money available went mostly to the “net winners”.
People should first try to determine whether or not a program really is (or can be) a Ponzi scheme, before going into personal decisions about “invest or not?”.
In most programs I have seen reviewed here, most people KNOW there’s “something wrong / something to be worried about” in the programs they have invested in. It can indirectly be seen in the arguments they’re posting, e.g. if people are calculating the TIME it will take to get their initial investments back (and they then can make a profit).
If you want arguments to support your own decision about not to invest in GetEasy, try to make it as simple as possible, but try also to focus on arguments people easily can ACCEPT as “valid”.
“I’m not very interested in that opportunity” is rather simple. “I believe it may be a Ponzi scheme” is also simple. Both arguments started with “I” rather than “YOU” or “IT” = they’re strictly about your own personal interests and your personal concerns about that opportunity.
You may need some more details than that. Some people may want to know more about WHY you see it that way, e.g. because people often like to compare decisions. You should probably focus on some factual information there.
People are relatively positive when other people are bringing in factual information they can be interested in. You should focus on the idea “what other people can be interested in” rather than on “how do I convince my friends”.
According to company information, some people with reliable, long after the company only moved money internally in back ofice.
The same states, which made several withdrawal requests and received confirmation today that the payment was made, but not yet in this regard. If by chance start paying and took that long to start receiving, it is likely that what is happening is that the money from members, was being used for other activities, which may have been used to assemble the structure of the company (faixada).
Who knows in this who are having problems of late payments, but I already get the feeling that is selective payment as do the HYIPs. This type of selective payment, is to always have people getting not give clues to the Ponzi system.
According’m aware the company is already under investigation and root for that kind of business to start to be hunted.
Once I finished this post, I just got the information from my friend. He tells me that the company (after asking several times the cash withdrawal) payment has been confirmed, but nothing went into his account and now the company requests all documents for him to receive the money.
Then OK to enter the network do not require any documentation and to remove you must submit all documents? I believe this is done to gain more time.
This in my opinion is as a demonstration of weakness in the structure or the lack of new affiliates.
In a ponzi scheme, the less that can be paid out, the longer it will “live”. And one way to slow payment is to
1) delay then censor any info about not getting paid because “no negativity’
2) claim “we were hacked” / we were cheated by cheaters
3) claim banking problems, like “processor cannot handle our workload” (in reality they probably got kicked out)
4) claim government problems (but not solvency problems). Zeeks infamously claimed they cannot pay some foreign countries because of OFACS. OFACS reply is they never heard of Zeek nor have they sanctioned the countries that Zeek stopped paying.
The problem here, M_N, is people believe they can “time” the scheme and get a profit before the scheme stops paying. They know it’s probably fraud, but the POTENTIAL profit is too tempting.
I remember reading an article in UK where they observed some people are trying to “time” HYIPs (mini-Ponzis). All HYIPs fail, so the trick is joining early and get out early, so those players claimed. But how early is early enough? How do you know if the “admin” haven’t stuffed the top positions with his shills and puppets?
Or as I put it earlier, why play the game where you don’t even know the rules, except it had to be rigged against you?
But people don’t always make the most logical decisions. They are prone to mislead themselves into thinking they know how the game is played, not realizing that the rules can be changed at any minute without them knowing, and probably many backroom deals had been done already.
You understand that and I understand that. I was not taking anything out of context.
However, if John asks (as he did) how a non-recruitment driven Ponzi pays out (versus a recruitment driven pyramid scheme) then an explanation that Ponzi payouts come from “thin air” is…. in or out of context……. a load of extraneous crap. Ponzi payouts come from new investors, not from thin air.
Mention of back office accounting tricks, the psychology of misdirection and self delusion are fine in their place but they do not explain everything, and need not be the focus of every other posting that shows up here. Ponzi pyramids require more than thin air to be viable.
You don’t use the correct methods to determine the context. You must look at the context in the SOURCE, rather than some other types of contextes.
The SOURCE, part 1 (it was started in post #194, with some additional info of a different type in post #196)
Part 1 also used Zeek Rewards as an example, pointing out that a relatively low percentage of affiliates actually had received any real monetary transactions.
The arguments used in that post are all related to internal transactions, e.g. “Most people will not receive any profit”, “ILLUSIONS”, “illusionary profits”, “the brain will not separate between that type of payout and real ones”.
Part 2 of the SOURCE focused on some psychological factors in decision making, i.e. the motivational part of the brain will not clearly separate between EXPECTATIONS of rewards and rewards already received.
That part used gold investments in 2011 as one of the examples for people’s expectations of a profit in the future. I was pointing out that the “participation pack” contracts most likely would be relatively empty promises, it’s more based on the investors’ expectations than on any real business activity.
John’s question clearly allowed for two different interpretations for an answer. “Where does the money in Ponzi schemes come from?” was the original question.
* The real payouts comes from the investors themselves, e.g. using money from new investors to pay the old ones a profit. Oz had already identified that part, so there wasn’t any need to repeat the same answer.
* Ponzi schemes also have non-monetary payouts, internal transactions which can be reinvested or withdrawn as real money. The majority of payouts will usually be of that type. People might still see those payouts as real monetary transactions.
If I had focused on the “from other investors” answer, John would have received two nearly identical answers to the same question. That doesn’t make much sense?
The focus on the internal non-monetary transactions added additional info. The question was about Ponzi schemes, and they actually do have “phantom payouts”. People reporting income or profit from Ponzi schemes in forums or blogs will often mix those two types of payouts.
The brain might not be able to detect some major difference between those two types. Others, yourself included, may mix in some additional flawed ideas e.g. about “value”.
Oz didn’t focus on that part, so I could clearly add that information to make the series of answers more complete.
I have identified the two sources, but you have probably failed to look at them. “In context” will need to point to a source, something you can check the context against. That source should preferrably not be your own misinterpretations.
If those two sources make sense as they are, then the confusion CAN be related to the ideas you applied to them. You might have used the wrong ideas when you tried to identify the meaning.
Your “sources” are your own posts Muffy and I read them before responding the first time.
If accounting legerdemain results in a person’s ability to withdraw more real money than he invested in a Ponzi scheme then the source of that withdrawal is STILL the investment made by others…. not something the promoters created out of thin air.
I do not expect you to be an accountant but your descriptions of internal transfers don’t change basic arithmetic. An account statement can be generated out of thin air and may inspire great confidence and enthusiasm but that is in no way the same as saying that real money paid out by a Ponzi is created out of thin air.
Real Money and manufactured account Statements are not the same thing. You should not confuse the two.
Thanks for responding my message M Norway & K chang.
I understood what you meant but one of the incentives that motivate people to add money in it it is the fact that NOW, today it works and it is quite new so if I can earn money from it, I accept.
Who cares about tomorrow and the future people who will be scamed when you can earn money now ?
I am sure that all is forseen now for when the company will collapse, but I guess the money is just a little too tempting.
Just the fact to see my friends earning money from this shit, I want to do the same !
Which sources did you use?
“Out of context” should normally point to a source. I pointed to posts #194 and #196 as the most relevant sources. They focused on the internal non-monetary transactions. You probably misinterpreted it to be about the real monetary transactions. That’s what the “out of context” is about.
Other relevant sources = John’s question = the question leading up to those 2 answers. It could have been used in arguments like “John was clearly asking about MONEY! He didn’t mention anything about non-monetary transactions in his question”.
Fully acceptable source = something from the reality = e.g. if you can point out that illusionary payouts are very uncommon in Ponzi schemes (preferrably of the types reviewed here, to make it more relevant).
More questionable sources = your own ideas = if you have quoted something and directly have applied some ideas to it, completely ignoring the original context.
I don’t believe there has been any disputes about that?
Or to be clearer, there hasn’t been any disputes I have participated in. I don’t know anything about your “internal disputes”, the discussions you might have had with yourself. 🙂
The rest of your post was about the same, some type of constructed argument with yourself. It will only lead to more confusion if I post any replies to it. But I can completely agree with most of it to get any potential disputes out of the way.
You are a Ponzi scammer with no shame. Congratulations for finally owning it.
Getting people to drop the BS and admit they’re happy scamming people who invest after them is half the battle.
If accounting legerdemain results in a person’s ability to withdraw more real money than he invested in a Ponzi scheme then the source of that withdrawal is STILL the investment made by others…. not something the promoters created out of thin air.
Uh What did you just say>
But you do NOT earn money now. You get PROMISE of money later.
You pay them $1200 now, and you do not earn back your 1200 for six months, yes? At $200 per month? And you only profit if it lasts more than 6 months?
So of course you have to care about the future. Six months from now is the future, no?
It’s because of “people” that think like this guy that a lot of countries, including my own, are full of corruption, huge external debts and social inequality.
These guys are litteraly the cancer of our societies.
That dispute is one of your own personal “internal disputes”. You must resolve that dispute yourself.
* I have never denied posting that statement, so there’s no dispute from my side about that.
* I have clearly admitted posting that statement. I quoted that same statement in a post, but then I pointed out the context (I didn’t solely post the first half of a sentence like you did). So there’s no dispute from my side about that.
I can admit posting that statement yet another time, just to remove any doubts about it. Here’s the part you quoted from, post #196:
There’s simply no disputes about it from my side. I have clearly posted that statement you have quoted.
There may be some disputes about how to interpret that statement, but I have already posted my own arguments long time ago. You have posted your arguments and I have posted mine.
There may be some disputes about METHODS, e.g. “in context” and “out of context” methods. We have both posted arguments about that.
I can immediately agree on the fact that the quoted statement CAN be interpreted (or mis-interpreted) to be in conflict with some rational ideas about money. It will require something, but it clearly CAN be interpreted in certain ways.
“IDENTIFY THE DISPUTE CLEARLY”
What you did now was actually quite correct. People must clearly identify the dispute to be able to resolve it.
I am not in, and I will not go in it.
I am just trying to show you how people who are currently in it are thinking.
The fact that I will not go in this scam is simple, these kind of thing has a life of about 2 years maybe (when the buzz will stop, the company will collapsed)
It was probably an attempt to be “smart”.
* He presented it as “I have a friend who wants to join GetEasy”, but in reality that friend was himself.
* He wanted arguments to convince his “friend” not to join. We will normally not deliver anything like that, and we didn’t deliver it now either. He can use that as an argument to defend his own choices, e.g. “I asked some super critics about GetEasy, but they didn’t manage to convince me”. 🙂
I told him that he should focus on his own motives rather than his friend’s. The reply “I will join, the opportunity to make money is NOW” may be related to that.
I mostly gave him some general information, e.g. about how people make decisions. You can probably find similar information online, e.g. in articles about “sales techniques” or “social influence”.
People will not voluntarily allow themselves to be convinced by others, but they will allow it if they already believe in it / are interested in it. Asking me to provide arguments to convince his friends about not to join GetEasy was “doomed to fail”. I don’t believe in that idea myself (the idea of actively “convincing” other people).
Who says two years is valid?
2 years is the usual benchmark for online scams that get off the ground. Not an exact science of course but a rough guide.
Then my previous post (#223) missed the target. I accepted that you were the “friend” eager to join. As you can see from other responses, other people accepted it too.
I used the “delay the decision” method there, i.e. I delayed emotional reactions and tried to analyse the situation from a relatively neutral point of view. I looked for rational motives rather than irrational ones (and that can often take some time).
GetEasy is a “reload scheme” for BBOM (partially shut down in July 2013 in Brazil). It will be much more short lived than original Ponzi schemes.
Reload schemes will usually try to copy the original program to be able to attract the same people. They may grow fast if people are jumping ship from other programs, but they don’t have much growth potential other than that (in the same geographical markets as the original program).
I’m not very familiar with BBOM or GetEasy, so I don’t know anything about which parts they have copied or which parts they have changed. But the general idea is that reload schemes will be less successful / more short lived than the original.
GetEasy had growth in April 2014, when TelexFree filed for bankruptcy and promoters were jumping ships to other programs. The growth probably started around the middle of March, i.e. some promoters probably managed to see some upcoming trouble for TelexFree.
Based on very limited information, I will predict a lifetime of less than 6 months, counted from May 2014 (when the promoters jumping ship from TelexFree had become acclimatized to the new program).
I know people inside GETeasy that are making a lot of money (tens of thousands of euros). No taxes are beeing paid whatsoever. I just don´t understand how is it possible this to happen and the police just sits on theirs arses and do nothing to stop it.
Even when they (Geteasy members) know it´s a Ponzi Scheme, they sell the idea that it´s a law abbiding company, and foul a lot of people, that knowing the truth would never buy their shit. Many others truly believe that Geteasy is a real company.
Everybody likes to make money, but i chose to work instead of pretending doing so (like everybody at GETEASY)
White collar crimes are harder for cops to deal with. And many of these frauds are impossible to PROVE as fraudulent on the outside.
Only when enough people complain can be police act to audit the company and shut them down.
I’ve read a big part of comments, but not all, so didn’t know if someones has already said this :
For a loan of 3600€ on 1 years a 12% (which is veeeeeery expensive), the cost is about 226€.
Get easy with his system has a cost of 9600€.
So, 2 solutions :
1) Get easy is very dumb
2) It’s a scam.
I choose the second one…
The company is not paying and are stalling for time doing selective payment. Attempt all are complaining about not receiving and withdrawal. THE BIG FRAUD!
Stalled payments are the beginning of the end! Always! The question is just how long they will keep chilling and pimping the scam before the sheap wake up.
The presentation halls are still overflowing with old faithfuls and new victims. Its a disgrace!
I hear somthing about GetEasy that a company have make a lot of contacts with some customers for 4 years, so first years of contract its for mumbers.
You heard Ponzi lies.
GetEasy was launched as a TelexFree reload scheme. They take new affiliate investment and use it to pay off existing investors.
There are no retail customers.
Did you also hear the part where they pay you 200% interest for your money but if they go to the bank they can get the same money for 15% interest?
Which of course leads to another question… Are they STUPID?!
Which then leads to the most important question…
ARE YOU STUPID ENOUGH TO BELIEVE THEM?
Hello, Geteasy is supposed to collect the funds but the company who find clients is Tachoeasy Iberica. It’s interresting to go on their website and check “contact” tachoeasyiberica.eu You will find their adress: Calle Merida de los caballeros, 4 06800 Merida, Spain.
The interesting thing is that you can also find a picture with Google street view and you will have an idea of the incredible building where Tachoeasy is located.
Supposed to, but they don’t.
GetEasy just take newly invested money and use it to pay off existing investors.
Charging affiliates hundreds and thousands of EUR to participate makes little sense against the backdrop of “we have lots of customers”.
If GetEasy already has an infinity supply of retail customers, what on Earth do they need affiliates for?
The reality is that the money invested by affiliates it not pegged to any measurable metric, other than the ROIs paid out to existing investors.
I am totaly convinced that Geteasy is a Ponzi. A company which can garanty 200% a year on your capital overall on the market for equipment rental, doesn’t exist. Specialy when this company is just one year old.
When you start a business, whatever it is, you need some years before geting profits. How can they distribute so much money from the begining, 200% and much more if you find affiliates ?
The only way is to find people behind you with money to pay the commissions for the others. When there are not enough people on the base of the pyramide, the system collapse. A clasical Ponzi.
Every wednesday dozens of people attend meetings at geat easy offices.There’s new money coming every day.
You can see money passing around. Nobody pays taxes on their earnings.
People are greedy. At least half of them knows that they’re in something sketchy, but they don´t care. People jut think about the money. The other half are beeing fooled.
It´s time someone say something to the media to put an end to this.
How about everyone in this forum does exctly that? Let’s send an email to SIC, TVI and RTP.
I feel so sorry for the thousands of people that lose out when this stops, which it will.
I know people poring money into this because they believe that it will end there financial problems, innocent people trying to survive and fee there families are easy targets for these scumbags.
Something has to be done, does anyone know who we can report them too ?
I used to have empathy with people that joined these programs and lost money. But the main problem is that people just do not want to work, put effort in and build a proper business.
They just want easy money for doing nothing, which is so frustrating when you have good products, good commission structures with good companies.
So I’m afraid, as the years have gone by, seeing people not prepared to work something, and take easy money without using any common sense (whether they are desperate or not, which is not an excuse) I am losing sympathy with people that get involved.
We have to take responsibility for our own actions even if we are fed bull shit.
Today was announced by Tiago Fontoura the merge between Tachoeasy and Geteasy. By their own words, they are now the biggest MLM company in the world, regarding comodate.
At the end of the video they say changes are beeing made on the website, and for the next 3 weeks it will not be possible to take money from the affiliates accounts!!!
The look of the guy with the sun glasses is hilarious. They are extremely bad actors. I don’t understand how anyone can be fooled by their performance.
(Ozedit: spam removed)
Given that Tachoeasy was just set up as smoke and mirrors to add the illusion of legitimacy to GetEasy, it’s likely they were always being run by the same people.
The “merging” of the two companies won’t really have any effect on the core of GetEasy’s business, that being the taking of newly invested funds and using it to pay off existing investors.
Whatever the excuse, if they’ve halted investor withdrawals for three weeks, that’s a strong sign the ROI kitty is running low. Merging sham companies together shouldn’t otherwise have an impact on affiliate withdrawals.
Take the fuking flight and go diret to lissabon and look at yourself the office!!! LIKE I DID BEfORE AND ALL YOU GUYS CAN SPEAK.
NOW….. I BELIEVE!!!!!
Does “the office” contain a different business model and compensation plan to what is officially presented by GetEasy?
Sounds like you wasted your time…
So what? TelexFree spent $5500 a month for that bull**** office and it’s still a Ponzi scheme. That proves nothing.
Maybe you are too eager to believe such things.
Yes there is an office…so what?
If you have put money in Geteasy, then start praying that the pyramid doesn’t collpase before you get your investment money back
I before thought at least Tachoeasy to be somewhat legitimate. If they are willing to merge with Geteasy, an obvious fraud, then they are nothing more than a shell front company (i.e. it was a disguise all along to make each other look better)
has anyone ever checked if there is even link between “tacho easy” (German company) and the “tacho easy iberica”?
I want to apologize on behalf of Brazilian idiots, who are increasingly blind thinking they know what is MLM, but in fact they only know Ponzi.
Many Brazilians are daily deceived by ponzi schemes, because so far here in Brazil, it gave no chain. Put people in my head that models like this is MLM and to take, just giving a lot of punches them in the head.
In just one week over 12 businesses were launched in Brazil and already has been presented as the new Telexfree, which is full of retarded signing up and spreading to the four corners of the world.
I apologize and tell you Oz. Do not waste your time arguing with people who sold this and only think about winning at the expense of others.
Sorry also for not knowing English writing the above rapas said they speak your language and have come to me, asking me if I knew anyone to translate their website, because they had not yet someone to do the translation.
Oz. His work is great and I try to do that here in Brazil. I know most rogues who live spreading false opportunities only to take money from dreamers. A hug.
Thanks for the support Marcelo.
GeatEasy is now giving away brand new BMWs to some of its members.
Everything would be fine if these members paid their taxes…
Why geteasy does not inspire me any trust:
1 — Despite having already paid many commissions, there are no guarantees that it will continue to pay.
2 — One of the presenters, the one Pedro Godinho, he has been involved in previous schemes that have damaged many people.
3 — The only real security that a company can offer to its investors for the financial guarantee, is its capital.
In this case, under Registration No. Registration / VAT number: 510774130 (in publicacoes.mj.pt), the Capital is = 5.00,00Euros!
Only 5.000,00Euros! This is ridiculous!
4 — In public presentations nobody says who are the owners, because they have no credibly because the official curriculum and Registration has no more credibility than the declared value of only 5000.00.
5 — Under these conditions no one has any guarantees. And I have no guarantee to be able to invite other people to give money to this organization, because if I do, I’ll be participating in a fraud chain, and be morally responsible for damages suffered by my guests. As I was told that it happened in Brazil, where a sponsor of BBom was shot by someone who lost money.
Why are there so many people delivering their thousands?
— Because the rampant greed by easy money without work, is the only engine that keeps running these schemes. When there are not so many greedy suckers delivering money, the latter will lose the money they gave, as happens in any ponzi scheme.
The later blow this scam, the greater the number of people who will lose their money!
@Oz: Don’t forget that TachoEasy (a real company which products tachographs) is not the same as TachoEasy Iberica (the GetEasy partner)… look at the whois: tachoeasy.com/org/net/biz/eu are all registered by the same guy, but why not tachoeasyiberica.eu ?
Why TachoEasy Portugal LDA (the registrant of tachoeasyiberica.eu) isn’t using the domain tachoeasy.pt (registered by TachoEasy AG) which now redirects to tachoeasy.com ?
About layout, graphics and content, why are there so much diffences between tachoeasy and tachoeasyiberica, while there is nothing between the german and austrian version of tachoeasy ?
And what about Google Analytics tracker codes, which are different in tachoeasyiberica than the tachoeasy german and austrian version of tachoeasy ?
Why are there only two miserables lines to describe company history in tachoeasyiberica, while there is a video and some good information and a year of creation in tachoeasy ?
And finally, why is there no information about tachoeasyiberica in tachoeasy press sheets or website pages ? TachoEasy Iberica isn’t selling the same products ?
A lot of questions with no answer now… So, am I the only one who think that the 10 millions customers of GetEasy are the 10 millions aof GetEasy affiliates ?
Not so much ten million affiliates as a few thousand investors who have invested in enough positions to generate 10,000 fictional customer orders.
Nobody answers the company phone Tacho Easy AG, in Germany.
After a night of research still do not understand the question do not meet the phone in German tacho,, easy but it exists >> now watch this video just seconds url da tachoeasy.de/ products (at bottom of page ).
Now watch this video a few seconds … video no you tu be v=2Q4EgR0e99A same pattern, made by the same producers … there is no doubt … that has two companies “or merged or “” work together “: Blue Telematics and Tachoeasy (both German) ..
this link (use translator) has two major ad partnerships with Blue Telematics Tacho Easy and Tuev-Sued (a giant in several areas, including operates in Brazil) url blue-telematics.de/ html/ zwei_starke_partner. html
ie, the product exists, companies are powerful but in no time at any site of the 3 companies have any quotation or link to such “Tacho Easy Iberica” or the Portuguese … Loios Antonio and Manuel Barreiros and much less of GETEASY
Olá Velho do Restelo,
Cheio de razão quanto aos esquemas malditos que sugam o dinheiro a quem não tem informação correta. Este mundo nunca será de quem tem muito mas de que está bem educado/informado.
Tenho uma paixão tremenda pelo MLM. Num dos seus posts, ao referir-se ao sr Pedro Mira Godinho, relaciona-o diretamente com outros esquemas fraudulentos, mencionando, também, e julgo por lapso,a empresa Polaca FM Group como ponzi/piramide. “…Pedro Mira Godinho é um cafetão ponzi bem conhecida.
Esquemas anteriores incluem Elite Club, BBOM e FM Group…”Estive a consultar tudo o que à mão me apareceu sobre a FM Group. A FM Group é uma empresa legítima nas suas funções como empresa de MLM e reconhecida pela AVD, ASSOCIAÇÃO DE EMPRESAS DE VENDA DIRECTA.
Este senhor de facto aparece com ligações à FM Group, após ter sido patrocinado por alguem com ligações à BBOM.Mas depressa desistiu porque se apercebeu para se ganhar dinheiro no MML tem-se que trabalhar. Veja estes links: fmgroup.es/pt/stopka/links/venta.html – fmworld.com/en/ Um abraço.
Oz, extraordinary your observations. Congratulations!
To whom it may concern I ask you to take out my name from your cunning and liars comments.
To your knowledge, I`m the CEO of Pleimo and wrote four books. Your concerning about Samuel Wan, you should inform yourself better.
Be careful with what writes on the internet. I see that many stupid people thinking the internet is a place where you can say what you want, the big problem is that people like these idiots who say things without knowing can be fined for defamation and other offenses.
I hope this notice works for you, because that could cost you dearly in the future.
Hi Dauton, thanks for stopping by.
Why have you aligned your company with a blatant Ponzi scheme?
Not as much as your investors.
Hi Oz, if it’s your name. Some people use to hide himself under a nickname, so I really hope to talking with someone called Oz.
Once you prove that is a Ponzi scheme, and that you have been harmed, I advise you to open an inquiry into this matter, otherwise I can’t see any patent that makes you an adviser or something else.
Pleimo is a serious company that hired GetEasy to sell subscriptions.
Please, show who you are in a way that make you being known by myself. It’s really strange to talk with someone that has no name or indication.
Also, take a little care to speak untruths about me, Pleimo and our investors. And I don’t think that you know who are Pleimo investors…
After careful review of this opportunity, I declare it a ponzi scheme
Against irrelevant facts no arguments are necessary.
If that’s the attitude that you have, police would never been involved, because police themselves would never have been harmed and therefore cannot be involved.
You don’t have to pay attention to us. Everybody is entitled to their opinions. YOU hitched yourself to a possible ponzi scheme. Therefore YOU will be discussed in the same breath.
Why? Are there not more “legitimate” companies that will do such things for you? What sort of deal did they offer you?
You know, I can *almost* see a scenario where they tried to use YOUR name to make themselves look better. However, you tell me. Did they offer you a deal ‘too good to be true’?
Exhibit A: GetEasy’s business model. Whether anyone has been “harmed” or not is irrelevant.
You’re reading it champ.
You are facilitating investment fraud.
please check this link to know a truth about Geteasy:
– first select Portugal
– second put this code Vat Number:510774130
Try harder Ponzi pimps.
Business model > VAT
So you pay taxes. How does that prove you’re not a Ponzi scheme?
I think he means you’re supposed to take his word for your inquiry. 😉
Oh right. Who told the Ponzi crowd we take them at face value then?
Cmon, fess up…
Thankfully for these “businesses” the Portuguese are all fuckwits and fall for these things after a 2 minute video.
The bubble is already bursting. Geateasy hasn´t been paying for the past month, and from now on if you want to whithdraw your money, you´ll have to pay 75€ instead of the previous 35€.
Last Saturday an event was thrown in MEO ARENA,The GETEASY AWARDS. They charged 150€ per entrance to their own affiliates…wtf?
They are desperately needing money to keep the scam going…
Geteasy has now reached the shores of Malaysia, sadly.
I got invited and I see a lot of good folks throwing money into it. Maybe they will get their returns, maybe not, because they are already at the bottom of the food chain.
But some investors really do go into money game schemes if it’s new enough, make a quick buck and exit with some profits, hopefully. It’ll be interesting to see how geteasy plays out.
Tomorrow (finally!), Friday Oct. 24th, Portuguese TV show “Sexta às 9” will broadcast nationally a story on GetEasy. The disclaimer says:
According to the preview tonight on RTP, the company is under investigation by the Portuguese judicial entities.
Hopefully the damn thing will finally fall, at last.
Looks good. Don’t suppose there’s any chance of subtitles? 🙂
As we both know Portugal is not famous for it’s quickness in judicial system…
But I really hope it does fall!
Today it will all end!! No more geteasy!!
What scam will come next?
look at this!! I hope Mira Godinho and Tiago Fountora go to jail for a long time.
google the words: geteasy + rtp.
Can we confirm GetEasy is being investigated in Portugal? Or do we have to wait for the report?
the VAT number is validate by the european commission.
i know many people who invested to get easy. for the moment , it works perfectly. wait and see.
personally, even if it seems strange that this is important that it works in your environment and everybody earn money because there are no losers in this opportunity.
Validating a VAT number = business registration.
It has nothing to do with validating the business and/or business model (compensation plan).
Try harder Ponzi pimps.
It works until there’s not enough new money coming in. Then it collapses and you disappear.
Yeah. Keep spinning that Ponzi record…
Hello everyone. Sorry for my english, i’m spanish speaker so i will do my best.
I’ve been following this company for a while, and I am 100% it is a big big big fraud, but I just made a discovery that made all worst.
I went to the website of the group, and they hava a partnership with a so called IFC (international Finance Corporation Ltd). I google it and found the website: intfico.com/main.html?src=%2Findex2.html#1,0
If you click in the “Group Companies” link (intfico.com/main.html?src=%2Findex2.html#1,5), you will be able to see a chart with the hiriechy of the Group, wich includes Geteasy, Tacho Easy, etc.
Now, link to the “Group Bank” (infiba.com/main.html?src=%2F), the International Finance Bank, wich have the exact same template and go to Online Banking, and this its where ir really good, it saids:
If you click transfer fund with paypal, it redirects to (infiba.com/IFB.html) where you supposed have to put your account number.
I tried and put a random number, and put to transfer EUR 8.000, and then it links to your pay pal account for your approval.
So, I’m posting this because I’m sure in the future the GetEasy founders will say something like you have your own account or something, and people will follow, and lose big big money.
So, for those GetEasy member that read this, try what I did with the IFC website, and you decide if it’s a scam or not.
Interesting. Infiba is incorporated in Israel by a “Michael Herzog” of “Tera AG”
Who indeed runs such a “International Finance Corporation” LTD. But all signs points to Michael Herzog living in Germany.
This organization may be real, but the “cooperation” between it and GetEasy is probably vastly overstated.
IFB, i.e. infiba, does have a branch in Madrid, which may explain the connection to GetEasy.
i saw this 2 website:
Do you know if thar any connection? Thay have the same logo.
Could be. GetEasy is pretty layered (lots of shell company laundering on), so anything is possible.
This is one the authorities are going to have to sort out.
Hi everyone !!
I can’t translate the Portuguese TV show “Sexta às 9″, but in it, they speak a lot about tachoeasy and say that Geteasy is now partially owned by Antonio Loios, who owns tachoeasy iberica…
Also, i’m in France, and i’ve seen some of those so called “recruitment meetings” where they do their usual “propaganda” about easy money. People are actually receiving their GPS tracker devices. They also claim that they want to make an online banking system in the near future….
I know someone inside that scheme, she invested 360€, and she’s receiving 90€ per month since she found 2 other people to recruit. She’s also paying 20€ per month for the use of the tracker.
But, they make it clear, if you get more people, you’ll get more money… She has found a few more, and she’s now making 210€ per month…
Is there any doubt after that, that this scheme is recruitment based ??? Not for me … The more people you get in, the more you win…until not enough people get in…
They claim in their website to be “partners” with Sporting CLub Portugal, one of the big football/soccer team in Portugal, wich is false, they only have a small affiliation caused by investing money in a race organized by Sporting Portugal… That’s all, there is no partnership…
They did the same with a small town, Vila de Reis in Portugal, wich was also false, and after compalints from the mayor of the town, the “partnership” was removed from their website…
Lies and more lies, how can you claim to be partner with any entity, without asking them first and make some kind of deal ?? Not very ethical by my standards ….
So yes, its a scam, owned by a band of crooks who have already huge bank accounts thanks to the poor people they easily brainwashed…
There is no legal easy way to make that kind of money, you have to earn it…. Without work there is no profit…
And thats what they claim !!! You earn money by doing nothing !!!
Of course, some people actually work iin that scheme… with what purpose ?? Recruiting more people in it of course !!!! I d’ont call that work, i call that brainwashing and robbing people with the promise that you’ll make money without doing nothing..
If it was that easy, nobody will go to work… Why would i bother to get my ass out of bed a 6am to go to work, if i can make huge money by getting a few dozen of people in my scheme and just watch my bank account grow while i’m watching some porn ( sarcasm lol )….
Thanks Oz for this very interresting topic and sorry if m’y english isn’t very good, but i’m a portuguese guy living in France, what could you expect ?? lol
Ohh and one more thing… The deal with those tracker goes like this, you get paid 12 month, but the so called “contract” for the renting for thos GPS tracker is for 24 months !!! Make the count !!! My friend for example:
Lets says she only recruits 2 people, its 90€ per month, but she pays for the rent 20€ per month.
90-20= 70€ per month 70×12 = 840€ per year
840 – 360= 480€ The 360 is the price for the package.
That makes 480 per year so called “profit”. For just 1 year, after that deals is off and you need to nuy another package to keep getting paid.
But you still have to pay the rent of the device for another 12 months !
So 20×12= 240€
Then 480 – 240= 240 profit..
You wont eat for a month with that, so how can this deal be profitable ??
That’s easy !!! recruit more people and you’ll get more money !!! Recruit and recruit and more recruiting over and over again !!! Does that seems legit to anyone ?? Do i smell Maddoff’s stuff here ???
They also have claimed that their activity was certified by DECO, the portuguese association for the defence of consummers, wich is false !!!
And if their members don’t want to transfer money from portugal to their own bank account here in france, they give a credit card so you can get your money in cash, wich is totaly illegal !!!!
After all that, if anyone still think that this is legit, welle, good luck with that….
They are now recruiting in Poland 😉
I’m following a Geteasy member on Facebook, and they already have a network in Mexico and Colombia. This thing is getting bigger.
Also, they are giving a bonus at the end of this month, the catch, you have to recruit more people.
When this collapse it will be awfull.
I attended recently a presentation about GetEasy and was amazed with their approach:
– attending the presentation was based on invitation from “already members” only; it’s a serious business!!!
– recording was not allowed and no written document (brochure, etc.) was distributed; refer to the person who invited for any question; no direct support from GetEasy etc.
– the terms used were impressive: it’s a binary system and not pyramidal; it’s a modern style of marketing (MLM); it’s crowdfunding and not investment; it’s a new business strategy with high ROI (180%); the business partners of Geteasy won the bid for GPS for all cars & tracks which is an obligation from 2018 (don’t remember the name as the slide was super fast, once again question was for those who invited and of course they don’t remember either!!!) etc.
– I felt like in a three-carte monte game (known also as “Find the Lady” or the “Three-card Trick” as per wikipedia): there were “invitees” who know someone getting €16K in a couple of months, who got clarification from tax agency on the process, who were encouraged by bank as bank process is complex etc.
One member went too far in saying he’s got green card from his lawyer and preferred to quit his job!!!
For us in the countryside who don’t know much about business funding it’s the holy grail!!!!
That’s for the emotion. Now let’s look at a couple of incoherence:
– you buy one pack which allows Geteasy to rent 5 trackers at €20 per month each for 4 years: 1 tracker for you and 4 for consumers (you are a financier and not an investor, so you have to take 1 as per the law. Once again this is a serious business!!!).
The rental of the 4 trackers for 4 years allows your guaranteed remuneration for one year. And that’s the tricky part: when you rent your iphone, you pay your subscription every month, not the full amount at the beginning of your 4 years contract (otherwise you would buy and not rent). I assume it’s the same for tracker.
So where does Geteasy find the cash to pay your one year guaranteed remuneration??? from new members most probably.
– the choice of Macau was strategic due to tax facility. However, Geateasy has chosen a banking system with the most expensive bank charges. Yes, when you want to withdraw your cash you will have to pay €75 for bank charges (by the way the presenter said you have 15 days to change your mind, so when you ask your bank for wire transfer, Geateasy will take it only after 15 days. Not only is it serious but also honest!!!);
There are a lot to say but one last thing is that there is no contract nor any form of legal document between you and Geteasy (your host will tell you about a “convention” so the commitment is yours and not theirs, so do no spend money and effort for any eventual lawsuit).
My two cents advice: the business just started and given the credulous enthusiasm I have seen, the sooner you start the more likely you will get something back (at least in theory). But do not expect it will last longer, so get away as soon as you get something (if you can).
Do not involve your loved ones or friends in this trap, and do not share your address to those you have pulled in.
Hy, i heard about Geateasy plan few weeks ago,i thought it is a Ponzi, than i quit investigation.
Yesterday called me one of my best friends about geateasy, that here is happening insane earnings and recruting right now in our country.
Ok, i will purchase 360 package, if it is a ponzi, it will last at least 2 years, and i will multiply my money and all of my ca. 10 direct members.
I think it is a good oprutunity for now, i dont care about products and geolocators, i care about earnings.
It is a tough market right now and im not earning much with my primary bussiness, so i will invest my 360 EUR in this HYPI. No risk no revenue. Am i right?
Sounds like you’re desperate. Good luck with that.
This is not the place for investment advice.
Where did you dig up a nonsense statistic like that ??
One thing is for certain, it ain’t somewhere the sun shines.
Hello everyone I’m trying to understand what’s the relationship between Tachoeasy AG Germany and Tachoeasy Iberica (this one seems to be owned by Get easy).
The trademark Tachoeasy iberica is listed as “641 – Non-Final Action – Mailed” in
which means that there is an issue with it.
I can’t believe GE took the name and logo of this company est. in Rohrdorf Germany without permission !
I got the contract and all documents from geateasy today to sighn, i will sighn them, after my lawyer checks it out. But the documents seems legit and ok, there are all information that document like this should contain.
Oz, im not desperate, i am investor, and i have to act quick, binary sistem requires action not waiting, a lot of people are investing in geteasy right now.
I hope you are invester too, not a bloger.
And that is your problem. You are not behaving like an investor. You’re behaving like sheeple, following other people who claims to lead you (toward prosperity, in this case).
You don’t really know how GetEasy works. You think you do, but you really have no independent proof because all the proof came from GetEasy itself.
The only “third-party” proof you have are from GetEasy members, i.e. people you hear “lots of people are investing”.
You did not do your “due diligence” with GetEasy, like a real investor would.
This TachoEasy thing is getting murkier every minute.
Just for grins, I check the European Trademark site, tmdn.org… TachoEasy brought up multiple hits around the world
* Germany (by TachoEasy AG)
* EU (by TachoEasy AG)
Then there’s the “TachoEasy Iberica”, registered by “TachoEasy Asia Empresa De Geolocalizacion”, which is clearly Portuguese or Spanish. And they have trademarks pending in US, mexico, Filand, Latvia, and Norway.
TachoEasy Iberica itself is registered in Macao. This is the address you want to search:
19 巴掌圍斜巷, or in Portuguese, CALÇADA DE SANTO AGOSTINHO, NO. 19
It’s a tiny little alley. There’s a nice big building on the right, but that’s NOT the right building, because tenants in there gets the big street address:
315 Avenida da Praia Grande, or 315 南灣大馬路 Macau
So what does that mean? Hmmm?
Forgot to add, the one in Morroco, for TachoEASY, was filed by Iberica, not the main TachoEASY AG.
What’s interesting is Iberica actually got the TachoEASY trademark filed in Switzerland, according to WIPO.
There is some sort of a link between the German TachoEASY, and this Iberica thing registered all over the world (even in Singapore)… This is too blatant to be a mere scam or copyright dilution… but why have TWO trademarks instead of one, if they are really the same company?
Something doesn’t make sense and this is risk that “they” don’t want to think about, much less talk about.
Heard that GetEasy will change the conditions at the end of this month. If this is true you will need 6 months instead of 4 for 100% ROI.
Could mean that they try to readjust things to reduce their costs and to make it look more realistic … or that they want to force investors to hurry – and then they will take the fresh money and run…
It is based in Macau, operates from Portugal, but it is a Brazilian … and is partnering with a company called “TACHO EASY Iberica” (spain and Portugal) ‘, which is said representative, or an arm of the” TACHO EASY AG “which has headquarters in GERMANY, joining Austria and manufactures various trackers.
But according to their supposed representative TACHO EASY Iberica, operates in more than 100 countries with the Tacho Easy germany products. ((Minimum client is a top 10 of Tacho Easy, I suppose)
(we think that is not representative of anything, we could be wrong).
We believe that the German company may even have some connection with the Portuguese Manuel Antonio Loios and Barreiros, .. they are owners of TACHO EASY Iberica and claim to have 10 million active trackers devices, manufactured by the German tacho easy … and paying rent whole month …
What should not be is the real part of the 10 million crawlers paying rent for the use. Because according to what seems, actually these crawlers pays a rent per month to have it.
Video of the merger announcement between Get and Easy Casserole Easy Iberica
(no need to see.’re transcribed below what interests)
After a night of research still do not understand the question do not meet the phone in German but easy tacho,,
>> it exists now watch this video just seconds tachoeasy.de/products (bottom of page).
Now watch this video a few seconds … youtube.com/watch?v=2Q4EgR0e99A same video standard, made by the same producers … there is no doubt … that has two companies that merged or or work together: Blue Telematics and Tachoeasy (both German) ..
This link (use translator) announcement has two major partnerships with the Blue Telematics Tacho Easy and Tuev-Sued (a giant in several areas, including acts in Brazil) blue-telematics.de/html/zwei_starke_partner.html
ie, the product exists, companies are powerful but in no time at any site of the three companies has any quote or link to such “Tacho Iberica Easy” or the Portuguese … Loios and Manuel Antonio Barreiros
Why? So you can “get in early” and rip off as many people as possible?
Sounds like you’re pretty desperate to me. Anyone chasing Ponzi riches is.
Who are WE ?
Does Get easy buy its gear to Tachoeasy AG via Tachoeasy Iberica ?
Does Tachoeasy AG even knows Iberica & GE (they should because when you Google Tachoeasy you get Iberica first then AG) ?
Why dont’t they sue them if their brandname & logo have been usurpated ?
what matters ” who are we ” ?
This link (use translator) announcement has two major partnerships with the Blue Telematics Tacho Easy and Tuev-Sued (a giant in several areas, including acts in Brazil)
BLUE MATICS + TUEV-SUED + TACHO EASY AG = LEGITIMATE
TACHO EASY IBERICA + TACHO EASY AG = DOES NOT EXIST
Why Tacho Easy AG does not manifest itself ? perhaps because they do not know anything. RTP TV could have run few miles to Germany and investigate further what and if there is any connection between the two Tacho Easy
Im new to research on Geteasy. There are reports of Geteasy being underinvestigation, however I cannot find anything in the news, google, youtube to suggest this.
I have a feeling you skeptics out there are just skeptics. Nothing more.
It was in the Portuguese news. You can either bury your head in the sand or accept it.
In any event, if you need an investigation to stop you investing in a blatant Ponzi scheme then you’re likely to already be a lost cause.
I did the investigation for you, took me only 2 minutes to find a link.
I hope you don’t lose your money.
Thank you for acting so quickly. How come I cannot find any news articles in Portuguese? I want to see and read it. I dont understand the news report
If I tab geteasy police investigation into the news on google, I get nothing…..
All I can see are 4 websites similar to this one
You’d have to ask the Portuguese media.
A friend of mine who invested in GE told me that his sponsor was in GE headquarters in Portugal a few weeks ago and met the CEO and his staff.
Apparently the police investigation occured a few monts ago and they found nothing illegal. But I think you can’t know where the truth is with these guys because the more I watch their Utube videos the more my mind hears “bullshit”.
They claim they have millions of contracts already signed … but I can’t find a single customer testimonial online. Now they’re talking about their future IPO … lol.
Dan, I think you already joined Geteasy. I leave you 2 more links of actual Portuguese’s news websites.
PD: I just searched “geteasy” in Google news as you did.
Friends of mine in Charleroi Belgium are trying to get me into Geteasy, so it can spread thru Chicago to the USA. I declined to help, since it is not a legit investment.
I did ask a few of my MLM friends to look into Geteasy, and they pointed me to this review. All of my MLM friends declined to join Geteasy, and think it is not an MLM.
My Belgian friends are already putting all their time and energy into this, treating it like a new job…
They are mostly disabled people on fixed incomes with no hope of getting rich, other than playing lotto, or Geteasy…But now they are getting their friends and family, who do have jobs, into this, so it is bound to get bigger, which disturbs me, but might make a greedy, uncaring person, want to get in.
Carlos, thank you for the support. I have not yet joined but I am concerned for my friend who has. We work together on investments.
Today he has had notification that payments are now being paid out again. How can this be if they are still under investigation? They must have relaxed this – once his payment hits the bank I will be back on here
I contacted Tacho Easy in Germany and they are legit. I have also rang Geteasy and they are back running again.
I will keep you posted
Useful information Tom.
Geateasy annouced that they will enter London´s Stock Exchange Market.
Can anyone enlighten me….wich are the minimum requirements for a company to be listed in London´s stock market?
Don’t know the specifics but probably a little less stringent than the US.
Although Unaico/SitTalk tried to get listed there and got knocked back, so maybe there’s hope yet.
GetEasy wouldn’t last 5 minutes on the US exchange due to SEC regulatory requirements and them being a Ponzi scheme. I guess it’s up the British equivalent.
SiteTalk/Unaico tried to list with a bogus company name to hide the fact they were operated a thinly-veiled pyramid scheme, so watch out for GetEasy trying the same.
They already seem to have multiple companies registered that they are currently laundering money through (the whole GPS supplier sham for one).
Geteasy isn’t going to be listed in London’s stock exchange. They say that the IFC has a fund where they’re listed, but they don’t say who to invest in that. This is all bullshit!
I invested a few (too much!) euros in GE, ain’t the best thing I’ve done in my life.
The stuff sounded good : “crow funding”, “huge market”, “fast ROI” … I signed up then I started to investigate on the company I had sent my money to. Should have done this before.
Surprisingly I couldn’t find a customer-oriented website, as if the company just needed investors, no clients. Looked way too “bling bling” and pyramidal also.
Plus the headquarters in Macau and this video of nearly empty offices in Portugal : no folders, no furniture, no gear, no workers, just meeting rooms to catch some noobs.
I still can’t believe this is all a scam : they’re in the UE, they must know they won’t run far away if the company appears to be illegal.
So what ? I’d like to know more but my sponsor is in “eyes wide shut” mode and still recruiting. “skeptics are just jealous guys from others MLM”. Always ther same song.
Won’t contact GE as I don’t want my accound to be closed now. But I won’t refer anyone untill I’m 100% sure that this company is legit. Not tomorrow I guess…
Last thing : they took 35 euros / withdrawal before, now it’s 75 WTF ??? And the mastercard is 100 euros + 10 / month, while my World elite MC is free for life in my french bank. WTF++ ???
Sorry for the long post and my poor English but I need to talk 😉
Dan, did you ask Tachoeasy GE about Iberica ?
Bad sign. I’ll point you to this article by The Verge… on the underbelly of Internet… where Scamworld exists… for the specific purpose of squeezing money out of these disabled people…
There’s no “as if” about it, that’s how it works
Hy, in my previous post i mentioned, i recently bought one of the packages of geteasy program. I was realy sceptical becouse of this forum and hostile topic about geteasy here, but now i am sure about this company and legitimacy.
Recently they partnership with IFC, international finance corporation. First i did not beleive it, but i found the link of the bank and partners and there is geteasy and also Tacho iberica.
What does that have to do with GetEasy being a Ponzi scheme?
Partnerships don’t negate a Ponzi scheme business model.
IFC Ltd has nothing to see with IFC World bank group, looks like another fake like Tachoeasy Iberica.
By the way Tachoeasy AG (Germany) does NOT appear in this “octopussy” organigram:
I wonder where my money is now…
Have you rang geteasy? They have now posted in their terms of business that they started to release funds again last week. It should take 2 to 3 days to reach you once requested.
If you go to backoffice and transfer money out it should be normal process from now. They hope to be fully up and running within a few days. If you do not mind me having your email I can forward you the screenshot from their website
Not if the Bank of Portugal has anything to do with it.
My doubts concern less short term payouts than GE long term viability.
Here’s today’s response to the Bank of Portugal :
If that reply is legit, sounds like it’s time for a raid and the usual “we found that 0.000000000001% of revenue was not from affiliates and this was a Ponzi scheme all along” statement from regulators.
GetEasy are begging to be shut down having their legal department post bullshit waffle like that. It sounds like something an affiliate doctored up.
That reply can be found here Oz
Just translate – there is also the post from the bank below
This is a scam for sure. Taking a closer look at this reaction to BdP they say “…serious affront and insult to the legitimate interests of my clients” and then they sign “GetEasy Legal Department”.
It’s amazing how people still believe in this bullshit and the guys that are attracting more people into the scam are as guilty as the founders because by now they all know that this is a Ponzi scheme!
That’s an affiliate blog (run by a TelexFree zombie IIRC), take everything written there with a grain of salt.
Especially considering that second link is a rehashed version of my own article on the Bank of Portugal notice. They just ripped and translated it.
Thank you Oz, I guess I am still on the fence as a little part of me wants this to work. Even though I have not put money down.
(Ozedit: This is not the place to solicit investment advice)
One of the problems I expect is that there may be some involvement with people linked to the portuguese government.
Antonio Loios, current CEO from this scam, is also a member of the current government party. He may not be a high rank member, but still, there will be no interest in blowing the horn here as it can have political impacts. This is unfortunate!
Therefore, I think we will not see much more then what we already have seen from Banco de Portugal. This should be how far portuguese authorities will like to go.
Whatever else they do, they will like to do it under the table…. which is a shame as we really need this to go public and stop more people from getting involved.
My hopes would be if some other country would get into this. Some country like Germany for instance. I wonder if someone already managed to contact Tacho Easy (the german company) and see if they want to place some charge to german authorities.
Also people in France or Belgium could be helpful if they start denouncing whenever they see this scam crossing borders and moving to their countries.
We really need to work together here if we would like to shut these guys off as fast as possible.
True, they seem to be close to the end already. But this is actually the most dangerous time for inocent people to get involved. Right now, the chance of getting their money back (for those who go in from now) is almost 0%.
So I think we should do all that it takes to close them ASP
Anyone from Germany or other european country who could see what can be done from their side? As I said, dont hope on portuguese authorities……
Hello to all!
GetEasy comes in Slovenia and Croatia from the Octobar 2014.Here are euphoria and lot of people coming inside with theirs investments from 360-3200 EUR…
Does all of that people will be stolen money? and what about others countries? This is international criminal job as we read on this blog.
Im afraid that on the blog a different bloggers only presents personally thinking but not facts and true.
Is Geteasy a member of IFC?? Is IFC some joke in financial world? and what about further spreading in Qutar, and east? wrong plans? wrong informations? I have no attitude about Geteasy, just information and invitation to be a member….
best regards to all…
If no new suckers join after suckers in Crotia and Slovenia, then yes those investors will lose their money.
That’s how Ponzi schemes work. No new affiliate investor funds, kaboom.
GetEasy’s business model is known, they recycle new affiliate funds to pay off existing investors. Anyone who tells you otherwise is lying (and likely an investor).
Neither here nor there. It’s the wrong question to ask because the answer has no bearing on GetEasy being a Ponzi scheme.
Thanks for the explanations, but the answer is given the general absence of substrate.
Do you know or heard about ONE man who didn’t recieve weekly rent? Do you know that people who are very activ in promotion and including a new people have a lot of earnings?
However, do you know how GetEasy operate with participation pack’s money? Please, explain this to us, we are know-nothing people….
Besides what Oz said I can add:
-Yes, there are already people not being paid on the expected dates. It is happing NOW. You can check than on GetEasy´s facebook page which is public.
-Yes, some people claim to be earning lots of money. I have a friend in Portugal who also claims that. I still do not see that friend buying nothing or changing lifestile. So…go figure!
-Geteasy operates based on new people giving them money. No more, no less. Once the new money is not enough to pay all earnings, some people stop getting paid, simple as that! Now if you consider how desperate they are spreading everywhere and how some people are already not getting their money on time…..you tell me what it looks!
They are already running on smoke. The thing will blow and it wont take long. I dont expect them to be there for Christmas.
Wrong questions. GetEasy is a Ponzi scheme irrespective of the answers to these questions.
Your not conducting due diligence, you’re looking for investment advice. This is not the appropriate forum for that.
Try reading the review chief.
I have been consulting a website (in Portuguese), which has been doing a good track of all the Geteasy scheme.
On November 21, President of Geteasy released a video highlighting the following (translated from Portuguese):
So.. you tell me, the money is already gone.
In this website you can find mpre information about the IFC, that is also a big fraud.
You must have been in some pretty strange ponzis in your time, Antonio, if they scammed you from the start and you didn’t get anything back at all.
That’s how ponzis work.
Unfortunately, you only give me a general answers. (Ozedit: Offtopic derail attempt removed. If you’re too uneducated to understand basic Ponzi mathematics then that’s on you.)
Oh, you got us there. By all means, put as much money as you can into the company. No reason to let naysayers get in the way of your profits, right?
No, businesses like Geteasy are clearly for driven, motivated, positive thinking people like you (who have cash) and are willing to part with it.
So take out loans, max out credit cards and put it all into Geteasy. Tell us how it turns out.
Jealousy is the one most incredible thing one can listen about this business.
As far as I understand, its free for everyone who is dumb enough to get in. So I can get in if I want. Its even possible I could invest more money then you if I was dumb enough.
But no one here is neither dumb nor a thief. Therefore we decided to warn people instead of fooling them.
Now what you do is your choice obviously. But once it ends, you will face the consequences of your own choice. Not we.
So if you think you are smart and have found a great business that pays like no other….your problem!
It´s either your money going down, or your “affiliates” coming down on you.
Hy, i gave money in Geteasy, and i started becoming weekly paid-out back. We will start great campaign with website, lead-pages, capture pages, digital marketing and offline seminars about Geteasy, this will be great revenue and a lot of euros.
This is the bigest oprutunity EVER, open your eyes folk…BYe
From what i´ve been reading on Geteasy Facebook page, i don´t think anyone will see any more money from now on.
About your great business, many have said so above but I will refresh.
Dont you think there are other ways to get money then to share all those incredible profits with individual unknown people?
Where is it clever to create such a complex network demanding so many payments and money transfers?
Where is this clever compared to going straight to a few people with loads of money and show them how good the business is? Sure those rich people will like to invest if this is such a good business.
Then why does someone need so many poor “investors” like you?
Are they crazy? Are they dumb? Are they just fooling you?
What do you think?
Do you have an answer to these questions?
RS, no i dont have all those answers. But, can it be, 16.000 investors before me joining in, are all stupid, blind, foolish without college aducation?
16000 shheepy people to invest money, that is one hell of a business lan, if it is a ponzi, it is the best ever.For them. I lost my 720 EUR if it is so.
When did you invest Matijas?
No idea about a college education, but the rest fits.
There’s only two types of people attracted to Ponzi schemes, the utterly foolish and viciously deceptive predators who get in early and take immense pleasure in scamming others.
Which one are you then?
Scams get huge. In Russia Mavrodi’s MMM pyramid got 5-40 MILLION members before the Russian authorities stepped in.
The pyramid scheme (technically a Ponzi) DMG Grupo Holdings in Colombia by David Murcia and a similar scheme DFRE is believed to have anywhere between half a million to several million members in Colombia alone.
The various Ponzi schemes in Albania during the embargo of Bosnia (raise money to smuggle goods across the border for obscene profits) took up almost 40% of Albanian national economy (according to WorldBank reports) and the end caused a full revolution in which 2000 people are killed and government toppled.
Sure, those are extreme cases, but fraud always hurt people. The larger it gets, the worse it gets.
someone please look at this. is very clear. no one questions that? does not seem to understand anything of what I mean.
someone could get in touch with Tuev Sued and answer questions. They command everything. The geteasy is nothing but a fraud. investigate it!
It has three German companies are: Tacho Easy AG, Blue Telematics and Tuev Sued
first look at the video on the link (video is at the end of the page link below) of pot Easy German ….
Now watch this video video of Blue Telematics, youtube.com/watch?v=2Q4EgR0e99A
Now see this announcement the company Blue Telematics in 2012
The giant TUEV SUED in 2013 launched a product aimed at the economy, trucks fleet efficiency … This product has a bit of pot Easy, Blue Telematics and who commands all now is the TUEV SUED.
I did not hit the still the TUEV SUED acquired
Blue Telematics and Easy pot, or just Tacho Easy or only Blue Telematics, or only partners are,,, Admittedly, there is a link between the three mentioned .. and none of the three has any connection with the Tacho Easy Iberica or any other of rogue.
Next are some random comments from Geteasy members in its Facebook page (public by the way), you can check yourself, the pnozi has a short period of time remaining:
(auto – translate)
And those are from yesterday and today…
Lucky for you that can spare EUR 720.
Maybe you should read someone else’s investigation… IFC’s “25 branches around the world” are all Regus virtual offices, according to this guy. And he’s even written it in Portuguese.
My thoughts kept going back to how did these couple Portuguese guys got the audacity to actually claim to be a part of TachoEasy DE and actually file trademarks claiming so.
Why haven’t TachoEasy DE defended their TM yet? Generally European companies are pretty quick in defending their name.
Lufthansa tried to sue TVI Express, when it discovered TVI Express was using every travel-related marks in its advertisements, back in 2009/2010.
I can only imagine TachoEasy is not that big a company. They dont really seem interested on expanding outside their german / austrian market.
Most likely they dont feel the need to mess with something going on in Portugal. I would be surprised if they even understand and know what is happening.
Most people who did call them so far, must have spoken with someone quite low on the company hierarchy. These people likely did not realize what they have on their hands.
It would be really interesting if someone could phone them in German and try and explain them. I believe they would have to act if they would realize what´s going on.
my native German friend called several times in the German easy pot and no one answers. it was merged into giant Tuev Sued see my post above
And my previous posts now should read with Tuev Sued instead of TachoEasy DE
Obviously they are too busy with merge operations and trying to readjust their business. Most likely they dont give a shit to something going on in Portugal which has only around 20 mil people inside.
Whatever loss they may have in image is not big enough to move.
Most likely they would not get any money back from some legal action. Who is there to pay them? The money is all over the place through bank accounts and different companies.
So if they are smart, they will think that 20.000 people are not worth the trouble.
Must be something like this.
GetEasy is still too small for the “big guns” to fire on them. Bad luck for those who may yet join….
Hy, i did my investment one month ago. Today i was shocked, when i opened my facebook page, one of my facebook- friend, realy good MLM marketer, a lot of folowers from around the world, mostly USA and Germany, joined GETeasy few days ago!
Already around 100 comments on his post from people wanting for info about G.E., puting in e- mail adresses and phone numbers. I think G.E. will spread in USA and other Europe countries soon.
What can we do? If G:E. realy closes doors in December, a lot of people will loose their money.
A lot of people ALREADY LOST their money. They just don’t realize it yet. Or maybe they rationalize it by “I’ll earn it back later”.
Oh I hope so. The SEC will shut this scam down quick-smart.
And if the idiots who fell for TelexFree fall again for this crap (Brazilian community in Massachusetts, I’m looking at you), shame on them.
I was thinking of investing a small amount because I know of people in Switzerland who are investing happily!
If it’s illegal, why don’t the Swiss authorities shut it down?
You have NO IDEA how long it takes for government to act, have you? Esp. on civil cases? It often takes months, maybe YEARS.
And by then you’d be moaning about why didn’t government save you from yourself.
Also, realize portuguese authorities have already advised against this business. Local police said they are investigating it.
Portuguese Central Bank issued a clear warning against GetEasy and all the main individuals behind it.
So, they can now wash their hands and take their time.
At the moment there are several things likely happening in Portugal:
a)The political arena is currently all busy with another scandal (former prime minister arrested)
b)The current GetEasy CEO has ties to PSD (major governement party). PSD and the right wing government will not want to spoil their momentum as they move on former Prime Minister and PS leader (left wing).
c) Portuguese police is likely watching and rounding up evidence to go after some people. They already advised the Central Bank to block accounts (which it did). So far they dont have a lot more to do because most people are still not complaining and GetEasy is still not bankrupt (officialy).
As others have said, it takes time!
Politics are politics. There may be people involved that they need time to find them a way out. They may even want to give some people time to get out before they “open fire”.
And then there will be legal stuff that will have to go on…and legal system in Portugal is renowned for being slow.
But honestly, big problem here is that GetEasy seems to have problems with their paiments already. So this is a dangerous time to get inside. Chanches are they will crash on their own on the next couple weeks.
If I would have to bet on it….they will not be around for Christmas.
Now think if its enough time to get your profits….assuming they do send them to your bank account (which they are no longer doing with a large number of people).
On Novembre 22, a Portuguease newspaper published a article about Geteasy and the scam they are doing.
The article is here:
Something new about Geteasy?? when it will be closed?
In English. (subtitled)
dageteasy statement 03/12/2014
(Ozedit: Video removed from YouTube as of August 2018)
About the video,
I am starting the countdown for PwC to advise them against using their name.
I simply cant believe PwC will go with this train. They are quite big in Portugal and will get warned fast. Actually, I will speak with someone there as I work with them myself.
But this was a great laugh at the end of the day. I had to stop the video when they said that each payment is being audited….LOL like if PwC would do that for such a small company….I wonder what would be the cost 🙂
I am also really curious to know where they think they can find SAP solutions laying around…..
I am quite sure they do not have any agreement for it, I also cant understand why they would need it if they only due payments. SAP is not free.
Also quite funny that they find humanly impossible to answer their like 20.000 members.
I wonder what they would do if they would really be market leaders and have millions of customers like they claim to have. They sure dont know its possible to hire call centers for any extra need and there´s a couple one´s available in Portugal.
I think someone should give them a couple contacts so that next time they may have someone answering their phones.
On top of that, the camera guy sometimes was using very werid angles. Tiago Fontoura was often almost laughing….what a joke 🙂
LOL !! That Video is a Joke !
An Audit Company (like PwC) does not work this way ! They analyze the operation of a company looking at a specific period in the “recent past”, they do not clear current ongoing operations !
That’s one of the greatest BS I have ever heard !!
When new suckers stop investing in it or the authorities shut it down.
Loooooollllll!! I work in PwC, and just with the Bank of Portugal warning, PwC cannot acept GE as a client, its against international anti money laundering regulations, and not just PwC, all the big firms work the same way.
I will try to get more information tomorrow.
@roberto you are right, PwC do not have the service that GE is talking about.
Thanks for the updates guys re. that video.
This isn’t easy for me to track being in Portugese (at least with TelexFree we had a US office), so I appreciate the filling in of blanks from locals.
Not quite ready to pen anything yet but the porky pies appear to be reaching Carlos Costa levels.
(And does anyone else think Fontoura looks like a lost kid dressed up in suit?
Obviously Mr. mustache is running the show.)
You criticize the company for almost 1 year and hope to see it closed.
In 5 years you will continue to criticize? And in 10 years?
MLM Ponzi schemes don’t typically last 10 years.
But sure, if GetEasy are miraculously still around ripping off investors after 10 years – I’ll still be here calling them out on being a Ponzi scheme.
Oz, if I understand correctly, you have proof that geteasy is a ponzi scheme ?
… try reading the review son.
Gotta love readers without eyes. I don’t have anything against disabled people, but cmon now.
(Ozedit: Offtopic derail attempt removed.)
If you want to discuss other companies do so in the comments section of an appropriate article about that company.
you talk about BBOM in your article as an example of ponzi scheme. I show you that this may not be the case, that’s all.
Yeah so posting bullshit from Brazilian investors proves dick.
BBOM is a Ponzi scheme by virtue of its business model. Spam from Brazilian investors doesn’t change that.
These people are fraudsters, lying comes with the territory. Anything to draw your attention away from their compensation plan – which all that matters.
lol, Thanks for this conversation…
No worries. Best of luck with the scamming.
5 years??? 10 years???
I still keep my bet that they will be closed around Christmas.
They are not paying everyone. This will become obvious for more people as they try to get some money out for christmas.
You have to remember that not even all payments from October are yet delivered….let alone those who did try to get money at the end of November.
I imagine that a lot more members did try to get money out at the end of November, even if just because of Christmas. They will realize now that their money is “virtual”. That will slow down more networks and the crash will be complete.
Expect more and more complaints in the next 20 days.
Expect people to become more and more agressive as they start being pressed by Christmas. It´s not fun to “have money” and not be able to show off to your family and friends.
If not about Christmas then later, about Eastern, if not about Easter then later, about Christmas… please, find only one man which payments are suspended, bring him here with full name and let him testify about it.
I believe you, but only with proofs, everything else are your own frustrations.
Visit GetEasy facebook.
There´s plenty of people complaining.
Also, watch their GetTV´s…they were the ones telling yesterday live that they have problems with payments. You dont need to go any further for proofs.
People getting paid is neither here nor there. All Ponzi schemes pay out initially.
Mathematically they are required to fail. That’s when shit hits the fan, and by then it’s too late.
Of course that’s the time early profiteers such as your slip off into the darkness with your stolen funds. So naturally it’s in your best interest to dig up the strawman “everyone is getting paid” argument.
Big fat fail.
The whole point of a scam is not to give you proof until you already put in money in, and to delay you finding out you’ve been scammed (and ask for refund or report to authorities).
You won’t find proof fast enough to save yourself, if you wait for the proverbial “smoking gun”. Scammers are not that stupid to leave such proof for people to find.
The problem this guy “Antonio” has is that even GetEasy is constantly giving weird reasons for their problems with bank transfers (payments).
Its more then known that they are already not paying people on time. They are the ones who say it themselves.
So, quite obviously, this Ponzi is near its end.
We have to give them credit for stretching it as far as possible. And I have to say I feel less and less sorry for those involved. People get what they deserve. If they want to be so blind, so be it!
But honestly, all proof one could need is already out there on their own (Geteasy) public statements:
-They claimed to have a quality certificate by DECO (portuguese regulator). DECO called it and they had to quit saying that.
-They claimed to be building a big factory in Portugal. It was discovered to be a scam and the local major called them off. They had to stop speaking about this and removed the link from their partners.
-They claimed to be profiting from bitcoin minning. They were called on this and forced to remove it from their “business”.
-They claimed to be financed by the world´s biggest entity. They were called by the true IFC and forced to issue statements clarifying things. They now admit they are working with a company based on Israel which is obviously not one of the world´s biggest.
-They claim that PwC is auditing every single payment they do. Well…those working with auditing and consulting know that no such thing exists. Those companies do not do that kind of work.
They never did, its highly unlikely they will ever do it. It would be stupid to sign an external company to clear payments when that kind of work can be done by regular people. Just sign a couple extra people as trainees.
So, for those involved:
Considering how many things that have already been proven to be lies….what is it more likely?
That the incredible remaining truths are real? Or that the incredible remaining truths are also lies?
Its really quite logical for someone who is not obcessed with the promisses of high profits.
In spain (barcelona and madrid)geteasy is victimicing immigrant worker from latin america, philippines.
What they are doing is they paid their anterior investor or member from the money that they are getting from the new member. People knows its a scam but afraid to talk that they might lose their money at this stage, but unfortunately they look new victims from switzerland, italy, sweden, netherland.
Hopefully the authorities on that country somebody can report to prevent them from recruiting other victims. They just try to deny about the existing investigation in portugal and continue with their scam business.
Latest news from GE:
GE is now 100% part of IFC Ltd, which is audited by PwC.
The new company named “e-Getmania” will be created in 2015. GE members will become shareholders (if they invest one more time i guess). Maybe an IPÖ on Tel aviv market ?
They will lauch new products and services, and talk about a medical helmet to cure Parkinson & Halzeimer, developped by the universities of Tel Aviv, Massachussets & Helsinki. Dr Herzog (IFC owner ?) is foreseeing a 18 billions USD market.
They claim to have a FDA agreement but their link is broken … weird
2 new contracts would be signed up : 3.5 millions Gettrackers and something with a chinese car manufacturer (a video from the plant will be posted soon).
The free incentive bonus is ending today, new members will have to recruit at least 1 binary to get it.
IFC is giving 5 millions dollars to Pleimo to sign up with Universal & Sony artists (hummm)
e-Getmania will be a worldwide and multi-products platform and we all gonna be rich (or scammed)
That’s all folks ! CU …
Ok, i am realy confused, what is happening with Geat easy and some people claim here, that it is going to fall until this christmas. Till then i am waiting with my money, if get easy exists in january, i do not beleive one word writen here in forum enymore.
This is no science!
What I say about Christmas is only a bet. I have no way to be sure if it will happen.
What we all know here is that they will fall. That much is unavoidable as it happens with all Ponzi schemes. That GetEasy is already missing payments is true. So they seem to be close to the end.
Now, if it will be 1 month more or 2 months more, it depends only on the amount of new people getting in vs people trying to get money out.
My bet with Christmas as some valid logic.
I expect more people to try and get money to their bank accounts due to Christmas. This combined with the problems GetEasy already had in the past months, may well be the end.
But we will see. Time will tell when it will happen.
It depends also on how soon people start complaining and moving legal actions. If no one ever complains, technically they can stay there forever.
There is no law against giving your money away willingly I think 🙂
bullshit RS…once day some meteor will hit planet Earth and damage all..but I can’t tell you when this will be happen….
“when” a Ponzi scheme will collapse is secondary to the fact that it will “inevitably” collapse. Mathematically Ponzi schemes are fraudulent scams – that’s what’s important here, not how long you can get away with ripping people off and stealing from them.
Thank you mr. Oz for educate. I agree with you theory…see that you in matter…
A scam’s lies expands to cover up the scam, and when there’s too many lies to cover, they have to lie to cover up the lies. Sooner or later you hit a critical mass and the whole thing implodes.
Charles Ponzi tried to buy up a bank and basically rob it from the inside to cover up his scheme, but he had to lie too many times, and newspaper pierced his lies and the government moved against him.
Zeek Rewards at the end lied about too many things too, about termination of certain countries’ members, about payment processors, and even tried organizing vigilante squads “Zeek Patrol” to go after members who may be out of line.
TelexFree did the same about “Holiday Inn deal in Brazil” and who can forget about Costas lies, again and again, about insurance, government approval, and so on?
GetEasy is getting to the point where the whole thing will implode, either by itself or by government action. My personal feeling is within 90 days, because now it’s reaching across multiple countries and you can be sure Europol and Interpol are on the case.
Do whatever you will! Its your problem, not ours. We are here just to warn those who look for information. The others may go and burn their money if that is what you wish.
And as for your meteor comment….Meteor´s did hit the earth in the past and they will hit again. Funny that you used that example. I wonder if you know how many meteor impact craters exist on earth 🙂
Back to GetEasy:
They just recently blocked everyone´s account forcing all members to ask for new passwords. This created again trouble for many people who do not get confirmation e-mails for their new passwords and cant find help within the company.
Again, GetEasy is just making it very hard to get real money to your bank accounts. They are already using all they can to stop you from getting your money. This is an obvious sign they have reached a size where they cant grow fast enough to compensate for all promissed earnings.
They are clearly imploding already!
(Ozedit: Please don’t post links to rubbish GetEasy affiliate blogs here, thanks.)
GetEasy is right now in start fase in Slovenia. Lets continue the debate.
Today I go for second time to presentation, then I see further.
There’s not much of a debate to be had. New affiliate money from people in Slovenia goes in, existing investors from countries who joined earlier get paid.
When new investment slows down, kaboom.
Yes, that is what is to expect
Hy, can enyone tell me, in which countries is now Geteasy in starting phase like in Slovenia? I am from Slovenia and i think our money is now going for existing members.
All of Eastern Europe, it seems, except Albania. Those guys had enough Ponzis (and a revolution) for a couple lifetimes
Poland wasn’t too long ago, ditto south east Asia.
You guys seem to be the latest mark if it’s just now started to spread there.
Now in Slovenia they claim, that there is now 7 mio contracts for GPS trackers !!! In one year or so, they did it!
That is about almost 20.000 new contract in a single day, when they operate each day.
If we take just working days without Sundays and holidays is this figure about 23.000 and higher in a single day. Waaauuu! And people seems to believe them.
Kind of makes you wonder why they need affiliate investment for then doesn’t it.
Oh right, Ponzi scheme and all that.
The bullshit is thick with this particular scam.
All I read there was “money laundering”.
Funny, we call it “opened a new bank account” and not “formed a relationship”
I don’t know why I come here again and again to read new post. Admin do not allow my link about Getaway momentum, it’s scam as he said. What is that, censure? North Korea??? :))))
If you have genuine news about GetEasy, then publish it.
Do not waste everybody’s time publishing links to GetEasy affiliate websites full of bullshit.
TelexFree/GetEasy affiliates are notorious for publishing absolute horseshit.
Just wanted to commend Oz on the article. Very nice work. You help warn people from scammers everyday.
I’m sure that if you could receive 1% out of every “Investment Pack” that was supposed to go for “GetEasy” and be scammed out of innocent people, you would be quite rich 🙂
Honestly, you deserve it.
I hope you continue doing this great work, I’ll also try and get headlines for this here in Israel because I see some traffic of GetEasy pyramid frauds entering here.
Israel now? Bloody hell it really is a virus.
Thanks for the kinds words and encouragement!
Oz, do you attack every company, when they are at the beginning ( i know that every company at the beginning, has a hard time with all paper work and so on….)
Can you explain this link (real or photoshop?):
(Ozedit: The Paris Hilton crap has already been debunked. She did a tour and on the Portuguese leg GetEasy, through a proxy company, paid some money to club owner to get their logo on the promotional material.
That’s all that happened, and none of it has anything to do with GetEasy being a Ponzi sceme. Smoke and mirrors.)
Facts are facts, GetEasy is a Ponzi scheme based on its business model. Attacks are neither here nor there.
See edit re. Paris Hilton derail attempts.
Paris Hilton story was discounted LONG time ago.
The short of it is Paris Hilton got paid THREE MILLION USD for 4 nights of “DJ” in Ibiza.
Not sure how much of that is GetEasy’s money, but just imagine your money going to a already obscenely rich and spoiled brat whose only asset is her looks (and maybe her sex tape)
It’s pretty obvious that GetEasy tried to PAY for legitimacy and the name recognition of PH’s “halo effect”.
Another interesting question would be:
Do these people know there are other companies on the sane business (geo-localization)?
Do they see any of these companies having a marketing budget so that they can spare money for stuff like financing Paris Hilton? I dont!
Hell, I work for a company in a much larger market (true billions worldwide) and our local office in Portugal would never spend money like this. I would kill my brand managers because there are lots of better ways to get the kind of image we want and we do run on a budget.
Its like…does the idea of financing Paris Hilton even make sense from a Marketing perspective??? Considering the kind of business Geteasy has…..NO! IT DOESNT!
Paris Hilton has absolutely nothing to do with GetEasy products (if they exist at all). I cant understand how is Paris Hilton going to advertise GeoTrackers or Led Lamps. Is she even signed by Pleimo music platform??? Surprise surprise….she is not.
So what do you guys think?
Is GetEasy being run by crazy people with no logic? If so, can they stay in business and really get those big profits?
Or is it all a scam???
And by the way, its really nice for you that your company has the money to pay Paris Hilton….at the same time as it delays payments for its “investors” for “technical issues” that can last months.
i DO not have all information, but my friends were in Lisbon and they saw the contracts. The trackers and the systems works.
Why i am writing: You also “attack” another company, but in the beginning were talking a lot… but now they are expanding as the company and in the markets and with that vision they will soon be the best MLM (and again, everything starts with a vision).
I just hope that the vision is not PONZI.
They saw bits of paper?
That still has nothing to do with affiliate money going in and GetEasy promising Ponzi ROIs funded by newly invested affiliate funds.
Read: They have to constantly lure new suckers in to meet their existing Ponzi liabilities.
Gunna be hell for you lot when this all inevitably comes crashing down.
Paris Hilton DJ contracts won’t mean dick then (not that they do now).
Hmmm, how can one see 7 mio contracts ? Maybe they have an Exceel sheet with addresses …
Your friends saw a few pieces of paper (with no way of verifying them) and ONE tracker that could have been bought anywhere (with no proof of who’s the real tracking provider).
The problem is will admit all that to yourself.
Let’s not forget how WCM777 Ponzi claimed to be backed up by GE, and even posted signature block of such… and photos of PMX with Al Gore and Steve Wozniak…
Or Carlos Costas waving around stacks of paper claiming it’s an income INSURANCE contract for TelexFree…
Or are Portuguese people believe that it couldn’t happen to them?
First:You dont know what my friend saw,so dont talk bulshit, even i didnt went there :), and (Ozedit: Offtopic derail attempt removed).
KOLUS: He can saw the contract with the company which, want to buy trackers there is no problem…. but this is another story i didnt talk about expanding of get easy, but another company that you mentioned in 2010.
I made 14.000 Euros in 2 Months. I singed more than 4000 People into this and im getting now the bonus from them.
I started with 360 euros and thats everything I gave to geteasy. SO even they crush tomorrow I made a profit of around 13.640 euros.
Im just saying, I dont believe in shit like this but I tried. I was the first one in my City (me and 2 of my friends). Till today it works great for me. Maybe it will end one day but I made a huge profit. I made it because I search people and I explain it to them.
And if they want they can buy a packet (over my name) so I get the bonus.
PLUS Im getting my Money from my packets wich is 16 Euros a week. Not much but its something.
So why even bring it up then? Oh right, Ponzi smoke and mirrors.
Don’t cry like a little bitch when your amateur hour Ponzi excuse tactics are called out for what they are.
Affiliate money flows into GetEasy and is used to pay off existing investors. Everything else (including your friend’s stories) is irrelevant.
Whether you successfully ripped off investors who came after you is neither here nor there.
GetEasy, by virtue of its business model is a Ponzi scheme regardless.
A Ponzi pimp without a conscience. How original.
Excellent, that should make you easy to find when it goes belly up and it WILL go belly up
Maybe not this week or this month, but, like all ponzis, it cannot last.
Even better, 4000 victims with only you and your two friends to look for.
So lets do some little math:
14.000 / 4.000 = 3,5€
That means you earned 3,5€ for each one you got inside the scam.
Now I will ask you:
Do you have the money in your bank account?
How many from those 4.000 people do you think will earn money?
How many do you think will end up loosing money?
What will you do once hundreds of people come after you? Where will you find the money to pay what they lost and get them off your back?
Many of them must know you and many of them will not understand why you cant pay them.
I hope the money you earned may be enough for you to get a life. I hope you have that money on your bank account. I think you will find out life is not so easy.
In a couple months, you will find 14.000€ is really not that much money to compensate for all the troubles you got yourself in.
i bring it up, because i trust more to my friend than some forums, where the people have too much time. Althought, if the forum has a QUALITY information against or unhappy clients, this is another story.
Why i take a debate, like i said to you before, this forum judge another company and were wrong, ofcourse they had some dificulties, but now they are doing very good.
It is not every MLM a PONZI scheme like most of people think.
The concept with renting is very good (everybody probably agreeds with me) and if they REALLY have the contracts, than there should be no problem.
The problem is if thhere are not contracts.
Your friends are idiots.
Don’t trust “forums” either, trust GetEasy’s business model.
New affiliate money flows in and is used to pay off existing investors.
Whether clients, fictional or not, are unhappy is irrelevant to the fact that GetEasy is a Ponzi scheme.
There is no debate. Based on its business model, GetEasy is a Ponzi scheme.
Feel free to name this phantom company. All BehindMLM reviews are based on compensation plans, which are what company’s run on.
From time to time the odd point might be slightly off but an entire review being wrong is news to me.
Or did you mean what was published here clashed with “your friends'” bullshit interpretation of yet another scammy Portuguese/Brazilian opportunity?
Of course, just the ones that actually are Ponzi schemes. Like GetEasy.
If there was a market then they don’t need affiliate funds. Why have the Ponzi scheme at all?
Ding ding ding.
Crap scribbled on toilet paper that your friends saw does not prove the existence of legitimate retail customer contracts.
Follow the money and it’s obvious GetEasy is just another Ponzi scheme.
The only people who’ll tell you otherwise are investors or those thinking of investing.
By all means, rent out trackers to legitimate retail customers – but don’t try to fob off affiliate investment as somehow being required. It’s not – and GetEasy simply use newly invested funds to perpetuate their global fraud.
That’s all there is to it.
(Ozedit: Offtopic derail attempts removed)
You should say a good word to if the company trying hard(again: dont mean Get easy, because i dont have enough information from the top or CEO.)
ofcourse it is important, look the price for renting trackers it is cheap and you just keep saying that this is Ponzi scheme ( i didnt said that it is or it isnt). Youre like William Ackman(with 0.00000000001°%money).
Of course i will it is LIVEWSMART360, You need to focus more on a products or what the vision represent. Of course it is not big like apple or amway right away, But it goes in right direction. You should know much more about MLM-s if youre behind one :).
About that part, you can asume. If you check the bussines model, with the packets they have money just for 2 months without any other costs for the company. Not a lot
it is better to give people percentage, than the banks. You like greeks banks? or any bank?
Hi, some of my friends here in Croatia was entered in GEasy and work MLM presentations etc. Also have members from Slovenia and Serbia, growing fast.
Newest information on facebook group they have is info about bank acc where they need “put money” from new members.
GEasy move to Spain ?
This information is maybe valid to you. So here is text of message…
Very well then. So we come to que questions:
– Do you know anyone who is currently renting GPS trackers?
– Any company?
– Do you know where to find this service and at what price?
– If I have a company and want to rent this service, what is GetEasy Price and what are other prices in the market?
– Is GetEasy even a good option inside this market, for a customer?
Try to find the answer to these questions if you will. If youy dont try, then you are working only based on faith. And if it is faith only, I can sell you the most crazy and perfect business model ever! Give me your money and believe!!! That´s pretty much what GetEasy is doing.
Now, until someone can come up with a decent business model, with retail prices (including competition), margins, expected profits…let us stand here and doubt that such Business exists.
Talk as you wish about contracts!
If you dont know what you are selling, where you are selling, who is your buyer, what is your market, who is your competition….YOU KNOW NOTHING Jon Snow!!!! (Game of thrones joke inside lol)
You don’t have enough information because you refuse to look for it.
GetEasy’s business model is not a secret.
What you’re doing is deliberately burying your head in the sand and instead regurgitating PR marketing bullshit.
Nope. The only thing of importance in determining whether or not GetEasy is a Ponzi scheme is their business model (compensation plan).
Everything else is smoke and mirrors.
If you check the date on anything published about LiveSmart360 here, you’ll find the articles were wholly accurate at the time.
Not at the expense of the business model (compensation plan).
There’s nothing to assume. GetEasy take new affiliate funds and use it to pay off existing investors.
If they had valid contracts with valid retail customers they wouldn’t need to go around the world begging for new affiliate investment.
I know I’m speaking to an ignoramus when it comes to basic mathematics here… but when you look at the Ponzi ROIs GetEasy pay out vs. what they’d be up for taking out a loan to get their business started, it’s a no-brainer.
Problem is they don’t have any customers and it’s all just a BS cover story to hide the transferring of newly invested funds to existing investors.
As an aside, here’s an obvious example of Ponzi logic coming undone:
We must be what, in the billions of customers required to now for GetEasy to meet it’s current Ponzi liability obligations?
With billions of customers they can’t get a loan from the bank to rent out “cheap trackers”?
Pull the other one chief.
It’s common for the larget Ponzi schemes to hold accounts across multiple financial jurisdictions.
When they get big enough bank accounts start getting shut down. The schemes then have to try and stay one step ahead of the regulators.
RS- i AGREE WITH YOU
that you need to ask yourself that questions.
Real example: someone who already has the trackers, said that GE is chepaer than the trackers he has now.
Again, I will show you some simple math, very easy! We will just use rounded numbers to make it even easyer.
So let´s say you give GetEasy 48€ with which they will buy a GPS tracker.
GetEasy + 48€
Now GetEasy says it will give you 3 times this value over a year. So it means in 12months you will get 48*3 = 144€
Now to earn 144€ over 12 months, 144 / 12 = 12€ / month
GetEasy -12€ each month
Now GetEasy says they can do this because they are renting over 48months and they will give you the 1st year to you while they will keep the rest for them.
So this means, someone is paying GetEasy 12 * 48 = 576€
So someone is paying GetEasy 576€ over 48months for something GetEasy can buy for 48€????
Why dont these companies go straight to whoemever builds these trackers???? Why the hell do they need to give so much money to GetEasy???
Rent the damn things straight from the supplier!!!! I bet you they will get you a better deal vs this Crazy GetEasy deal.
And by the way, what stops other company from going straight to the supplier and then lowering the margin to the customers?
Like, someone buying also millions of GPS trackers for 48€ each and renting them for 5€ / month instead of GetEasy´s 12€ / month?????
I would start a rival company imediately and do this!!!!! If there is so much money in this market, I would do this imediately.
It´s not that expensive to buy the products, doesnt need such a big invest so anyone can get in this market and just crash the margins.
You can play these scenarios with GetEasy figures and see how fake they are. Real business doesnt work like this!!!
You cant keep such a high margin unless you have something no one else has. And you only need to search google to realize there are lots of people out there building and selling GPStrackers.
So no way you can control the market and keep high margins. No way you can stop someone from doing like you and just lowering prices a bit.
Now, problem is….GetEasy cant lower prices because they established up front they need to pay a fixed value back to their investors.
So, what happens if someone shows up with a better price???
Now, this is how real business works. Blind faith is a whole other busines.
Yeah but… GetEasy don’t sell trackers.
They run a Ponzi investment scheme. The only people “buying” trackers are affiliates.
And by buy, all that’s meant is GetEasy bundle trackers with affiliate investments in a piss-poor attempt as pseudo-compliance (think TelexFree and VOIP).
I don’t need to ask myself anything. I’m not the one making excuses for a global Ponzi scheme.
yes, this was years ago, BUT you wrote like this was bad and so on… and look it now, the company just need some time to get over the obsticles and to reach the vision and everything and the right MAN.
I cant say for GE, but i can say for LS360, because i meet all the CEOs and the leaders, before and now :). Let me say , so you will understand, in the beginning it is hard and IF the VISION or the project is good and the people are right, than the rummors doesnt matter.
I am against PONZI too, why? obviously, because the people always get crushed in the end.
And i didnt wrote you about GE anymore, because here you need to focus on contracts that they already have. You said that they dont have, they say they have. This is everything. Not in the compansation plan. THE COMP PLAN you can pay if the contracts are signed. I am right now in the beach, And iam not covered, but i am lying on sand :),
they can get loan easly, but you know that interest in the bank are hgher than the sistem they have. And the system is probably going crazy, if they has only 2 months for paying from one package
CARLOS: he has the right argument, if he really works for PWC.
But but but in Anonymus’ “real life” made up example his friends said GetEasy trackers were cheap as chips.
SAY IT ISN’T SO!
I hate to break it to you but LiveSmart 360 hasn’t really gone anywhere since launch. Apart from some growth in Japan it’s been pretty stagnant.
And in any event LiveSmart isn’t a Ponzi scheme so we’ll leave it at that. Trying to strawman them into a discussion about GetEasy is pointless.
GetEasy’s future lies in mathematical insustainability. No Ponzi scheme is sustainable and inevitably they all collapse.
None of this matters when discussing Ponzi schemes. GetEasy’s business model is not rumour, it’s known. They simply take new affiliate investment and use it to pay off existing investors.
What contracts they might have doesn’t equate to the billions they’ve by now likely racked up in ROI liabilities.
Bullshit. In MLM the compensation plan is everything.
You want to a join an MLM company and ignore the compensation plan? No bloody wonder you’re defending Ponzi schemes.
they don’t. And banks certainly do not charge more in interest than the ridiculous ROIs promised by GetEasy.
Instead of running a legitimate business GetEasy choose to run a Ponzi scheme.
Seems like the NASI non-existant ATM scam too.
I give now another view.
Lets keep that investor gives GetEasy 48€ to buy GetTracker, expecting 12€ month in return.
Imagine I am the owner of the company which produces these GPStrackers. What will I do if I find out GetEasy is earning so much money renting these trackers for 12€ month???
If I am not dumb, I will sign some contract with Redcoon or other Internet supplier.
Imagine, instead of selling for 48€ to GetEasy, I can sell for 60€ to Redcoon. Now Redcoon can sell it in the market for 120€ and still win 60€
So, in this scenario,
-Builder of Trackers earns 60€ per unit sold (12 more vs GetEasy).
-Internet supplier earns 60€ per unit sold
-Customer gets the appliance for 120€, which would be the same as 10€ over 12 months.
But but…..GetEasy offer is for 12€ / month over more then 12 months…. And I was able to create a better business model for everyone in a couple minutes…..
I must be Bill Gates 😀 😀 😀
i dont mean to argue and overwrite with you about GE. The GE find a customer and offer him a full service with that tracker by the way, If you dont know, the system in tracker cost alot not the trackers.
If you cant buy the tracker you still can rent it, and some bussines man with own hospital vans , said that pays a higher price per months. This is From real life, not just stories(that i can tell you).
Did any of you meet CEOs? i am just curius, because the opportunity really seems to be to good to be true.
And RS- yes in someway youre right, everything is with demand and supply. And with that numbers youre not that good, you missed a few factors which you didnt include. And i dont work GE, i was at the presentation and did ask a few questions too.
As I’ve maintained there’s no argument. GetEasy simply take new affiliate investment and use it to pay off existing investors.
Everything else is irrelevant.
The costs of smoke and mirrors are neither here nor there when the real business is soliciting affiliate investment and using it to pay off existing investors.
Meeting the CEO of GetEasy has no bearing on determining whether or not the company is a Ponzi scheme. The flow of money through the business model dictates that.
you dont know about trackers enough than, if the companies offer higher rent already.
@anonymus,what part don’t you get? A fifth grader would understand this!
@anonymus: I really work for PwC, and worked for Deloitte also.
When you work in auditing firms, every time you sign a new client you have to make an anti money laudering investigation, which among other things, includes a basic google searh.
If I as a manager or partner find the Bank Of Portugal’s warning, thast it, you cannot accept the client.
Also, if you google the list of banks in Israel (where IFC is supposed to be located), doesn’t appear. Additionally, they claim that every payment must be with the approval of IFC.
The IFC web page say that they are a holding, owning several companies, so, they are not authorized (as Israel banking regulations) to make payments because they are not a bank.
Also, you can check my #284 comment and make the experiment yourself with the IFB (the supposed bank).
People invest and their common-sense goes out the window.
We had to deal with this crap for months from TelexFree affiliates, swearing black and blue it wasn’t a Ponzi scheme.
Where are those idiots now?
Like i said you dont have enough information and that botters me.They are in more than 40 countries already.
I mentioned, because you wrote something in that line: this will never work. And now youre saying again. Maybe now youre right
i didnt made up anything. You just probably dont know a lot trackers and dont use it for bussines. He use it everyday and he must pay rent for them everymonth. You pay only for your internet
It is alot thats true, but without a good service or product is just PONZI, if there is any of that. Than IS NOT important, just need to be suistandable, pays out max 70%
You can selltrackers, where is the service for tracker, ???
How you now everything, did you build GE? :D, ofcourse is important, you can ask them about cash flow.
What the fuck are you talking about son?! GetEasy’s business model is known!
Being “in 40 countries” isn’t evidence of a Ponzi scheme working. All of them have to constantly expand to meet their ever-growing ROI liabilities.
God help the idiots in the last country that fork over their savings before this shitshow collapses.
Wrong. Almost all modern-day Ponzi schemes hide behind at least one product or service.
Solely so that people such as yourself can run around the internet professing the scheme of the day isn’t a Ponzi scheme because they have a product and/or service.
The flow of money dictates whether or not an MLM opportunity is a Ponzi scheme, not whether or not they’ve attached something to affiliate investment.
I don’t need to. GetEasy’s business model is not a mystery.
Thank you, this are the right answers and arguments, the GE are good prepared for answering in all kind of ways.
And as you probably know, noOne go and ask PWC if they really cooperate with GE :). And if everything is answered, the people will bite.
oz. i am writing about LS360 FOR 40 COUNTRIES. and take time and read the comment please.
Oh well in that case, offtopic. The comments about GetEasy needing to expand stand though, their latest victims appear to be Slovenia and nearby European blocs.
Stick to discussing GetEasy please.
so if you can edit post #456, because is irelevant
I’ll leave it as is. Things get messy with edits once offtopic comments have been replied to.
We are still waitting for the prices that you did not tell yet.
So, I work for a company with several cars, I may be interested, you tell me where can I get GetEasy service and how much does it cost. Dont you want to say it publicly? If its such a good offer I would say you should like to advertise it.
I never knew a business that never even tries to advertise their products / services…..
Also, its absolutely great that the known customers are always anonymous and friends of friends.
You still did not give us a single company name that is GetEasy customer.
I work for a real company and its no secret who this company sells to. We even do advertisement together with our customers sometimes. So I can tell you we sell to the big retailers and distributors all over the country. And I can go to their sites and see that they sell our products.
WHO IS SELLING GETEASY PRODUCTS / SERVICES????
AT WHAT PRICE?????
WHY DO YOU FAIL TO ANSWER THIS????
YOU KNOW NOTHING!!!
i see that youre a mechanic, keep that job. It is everything that you can do.
For more info, you should ask someone who work GE.
Youre too RS like ŠKODA RS, and car from a car. be smart over the internet and dont talk bulshits. If you can do some big things, wouldnt be writing like this. watch the language. Perfect example is Carlos.
Write to GE and ask if you can buy some trackers and let me know, what they say to you.
So you are only in it for the recruiting as we suspected. As you say, stop talking bullshit and post facts. You have yet to do so.
My point is proven, you people cant say a thing about your business.
Its either top secret or either a friend of a friend told so.
Everyone can say that a friend told us so and so.
I can tell you a friend of mine can rent you GPS trackers together with the service for a very good price.
You want to rent one???
Its really cheap!!!
Prove it that I dont have this business!
You see…I just did what you´ve been doing so far!
Now why should someone buy you instead of me?
youre really stupid, which part of i am not doing GE you didnt understand.
if you missed that line
And if you really that curious, you can check on their site. I think it is for 20€ per month.
We have trackers which track trackers…
(Ozedit: If you’re going to make a bunch of bullshit claims, back them up. Telling people to ask GE to confirm your nonsense is not acceptable.)
But lets rewind here and just for fun examine the evidence our dear anonymous provided lol
So he says a business man with hospital vans thinks GetEasy is a good business. (read comment 449 if you want a good laugh)
I find it rather odd that a businessman is going around with hospital vans….seems something that only firefighters or hospitals are interested in…..but that´s not the real problem here!!!
The real problem is:
What GetEasy has on their site, and what their members get, is a Personal Tracker, with a nice and colourful software but…..its a personal tracker. I have never seen on GetEasy site a software or equipment for big companies or even to manage something like an emergency service.
If they are selling something like that, it must be on secrecy again….its not on their site. Must be like the famous LED lamps….that no one even bothers to advertise on their own site. Top Secret LED´s they have there!!!! Only FBI and CIA must know where and how to rent them 🙂
So we will all stay here and wait to see if GetEasy ever advertises a service for Hospital Vans 🙂
I wonder if our anonymous friend knows this is a very specific sector with clear demands. There are companies specialized in those services with lots of know-how inside the market.
New info on facebook GE group in Croatia….
Problems with payment.End is started?
As I understand it they’ve been having ongoing payment issues for a while.
This tends to happen in the later stages of a Ponzi’s cycle as regulators catch up with them and bank accounts start getting shutdown.
The bit about IFC replacing their previous “financial institution” sounds made up. If they were able to conduct banking services for GetEasy theywould have originally run with that. Why go through a third-party?
Don’t forget Christmas is just around the corner. This is typically the time investors in Ponzi schemes cause a run on the bank.
They were having problems more or less since portuguese police jumped on them. This was even before the Media and Banco de Portugal warning.
I am not 100% sure but I think they have reported problems since as early as 09/2014.
There are people who signed with them in August and havent seen a single real euro.
Like Oz said, Christmas is a very hard time for a already pressed Ponzi. Lots of people want to spend some of their new found money. If the Ponzi is already in trouble, there is no way that new money coming in can compensate for those who want to get money out.
As far as I know, they still did not complete their payments for 10/2014. I dont know of a single payment from 11/2014.
What is also very funny is that many of GetEasy “leaders” are already moving on and taking people to new Ponzi´s.
I have seen at least 3 ones been talked about by GetEasy people:
On and on with the Ponzi train with people loosing more money to try and steal from others……
Newest info on FB group,promo period is ended.
google translate from croatian language:
Cutting back the payout already? They really are in a cash crunch.
New info before 20 min on Croatian Facebook GetEasy group
Unfortunately, I have just received information that after the expiration of the promotional time NO BONUS, regardless of whether you have two new members (one left, one right) that have been previously informed.
So members who purchase a package of participation values;
360 euros receive a monthly annuity in the amount of 68 euros
720 euros receive monthly rent is higher than 136 euros
1200 euros monthly rent received in the amount of 224 euros
3200 euros monthly rent received in the amount of 600 euros
Once again we apologize for the previous information, however the amounts listed are more than excellent with respect to any other form of investment or investment currently on the market.
Please note that these are the wages paid to each member by purchasing one of these packages, without any other obligations.
For those who want besides the above figures to earn something more is necessary to work on meet- new business associates during which they earn much higher for those who want more there is no limit …
That’s clearly bullshit.
The people who joined Geteasy really need to take 5 and do a little research.
In its website, IFC claims to own a bank, “International Finance Bank”, so… why do you need to hire Bankia if you have your own bank?
They are in serious need for new investors to try and hold as best as possible through Christmas.
I have been watching their official facebook page. For the last month it went from 14.700 to 15.200 likes…not more.
Obviously many of their “affiliates” dont have facebook. But then there´s also people following them who are not working for them (like me).
So I would say they seem to be at their max and clearly unable to grow fast enough.
This one is ready to blow!!!!
Actually, they did not blow yet because many are being threatened of having their accounts canceled should they publicly complain against GetEasy.
But there is at least one portuguese women, named Ana Batista, who was canceled and will move to legal actions, she is advertising it on facebook and even has a video of her visiting GetEasy office with Police backup.
Unfortunately, this women is also already fooling people into another Ponzi scheme…….
So even among schemers there are fights already. Christmas will be bloody hell!!!
GetEasy is advertising a new youtube video to be released on 15/12
The tittle of their advertisement is: “The Big solution”
…which imediately implies they have problems.
This should be interesting. Looking forward to see what eles these people can imagine.
So lets wait for Monday for this Big Solution!!!!
Mr Mustache apologies once again for not paying his members.
Surprisingly there’s never any trouble about purshasing new packs … Can’t wait for my Alzheimer helmet pack !
Interesting blog below (sorry it’s in French):
(Ozedit: Please do not post rubbish from GetEasy affiliate blogs on here, thankyou.)
What’s interesting is not hte blog in itself.
It’s the link to brasilian 1st region special court decision allowing BBOM (supposed GE’s former ponzi scheme in Brasil) to work again. It is on administradores.com.br which is brasilian administration portal :
By the way bbom is still online, you can Google it. I thought it was notorious scam ?
It’s a Ponzi scheme through and through. Reversing one decision doesn’t really affect it’s business model.
And in anycase, their funds are still frozen and the case continues.
Why I don’t permit links from Ponzi investor blogs in Brazil is because then rubbish like this gets posted:
They’re not “working” in Brazil. Anything not related to the Ponzi scheme in BBOM is good to go and has been for some time. Trouble is BBOM is a Ponzi scheme, so no Ponzi-related activities are present.
Cases against Ponzi schemes take twists and turns. They rarely get off scott-free however, except in cases where the judiciary fails (think Speak Asia in India).
If you wish to discuss BBOM do it elsewhere, further comments about the company left on this article will be marked as offtopic spam.
When discussing BBOM and other older Ponzi´s, one has to realize what happened since then:
a) Lots of people lost lots of money
b) Lots of people are still trying to get some money back
c) several responsibles were charged for several crimes
d) some of the responsibles then try and set up real business models to run away.
e) the courts then recognize this real business and let it go as a way to try and get some funds back.
f) to my knowledge, I dont know a single business born from a former Ponzi that is a clear sucess or earned significant money to its investors.
End of the day is:
Most of former BBOM associates are still where they were left which is WITHOUT THEIR MONEY
What happens from now on is not likely to ever give those people all they have lost….lets not even discuss the promissed profits they started with.
And the reason why GetEasy is a Ponzi???
Well, lets get back to our friend Henrik who said he earns 14.000€ in 2 months because he has 4.000 people down is line.
Let do some math:
We will imagine all this people have only the single pack which is 360€ for 5 trackers.
Lets imagine that all 5 trackers have customers renting them.
We know from GetEasy site that they earn 15€ month per tracker
So we have:
15*5*4000 = 300.000€ month going into GetEasy
But now…GetEasy also has to pay everyone.
we know that they pay 90€ month for each 360€ pack, so we have:
90*4000 = 360.000€ month that they need to pay everyone.
Ok….so this is already not working for GetEasy…..
But now we have members like Henrik inside these 4.000, who earn additional money….
Which then makes absolutely NO SENSE!!!
They simply canot generat that much money with the business they show you.
IT DOESNT WORK!!!
And even if we raise the rents to 20€ month….then its:
400.000€ month from rents
360.000€ month just to pay the 90€ to each affiliate
So even with this scenario, we have only 40.000€ month in earnings for GetEasy….and we are not even considering pyramid additional bonus they have to pay.
I can tell you with 40.000€ month you can pay for 2 people at the office….maybe 4 people if you pay them portuguese minimum wage.
No wonder they cant answer any phones!!!!!! LOL
And I have no idea where the likes of Fontoura, Godinho or Loios earn any money with this business….
The last part with how many people they can pay was wrong….
sorry 🙂 I would like to edit and remove 🙂
OK now back on our GE topic. Try this :
The first two lead to tachoeasy.de (not surprising)
The last one leads to an italian site : subsidiary not mentioned on the main site ?
No mention about GE anywhere here but I still can’t get the point about who owns who…
Hy, i think GETEASY is comming to an end, what is happening on their official site facebook, i am reading the comments already few days, and ther is a lot of anger and bullshit, nobody is receiving any payouts or money, members are all empty handed till now.
We will wait and see. I invested money in GE, if i loose money, ok, i will earn it again, it was high risk investement GE, but i am happy, i did not invite my friends, i waited for the payouts to see and evidence of such transactions. Cool aaaa 😀 cccc, i wont cry 🙂
Hi… I also think this is the end GetEasy on facebook have removed all entries.
Just yesterday it was possible to write something by now because I do not write every post which is unfavorable for GE is removed.
this webs are fake?
and tachoeasy really work this geteasy?
where you see people complain about not get paid?
your math is very bad, and that is because they obviously do not know the method of calculation of points and cash prizes. You’ve got to study the way of earnings..but you’re perfect person for this blog because you know well spit….
GetEasy’s business model is public. You’ll find the amounts they guarantee in the review (along with screenshots).
Model is public.But should be able to read and understand what this guy do not knows. But he is welcome on this blog cause he can spit away (long). All of you make misinform to other people..
No buts. GetEasy take new affiliate money and use it to pay off existing investors.
As their ROI liabilities continue to spiral out of control, mathematically they are guaranteed to collapse.
Just like every other Ponzi scheme out there…
Except you really have no definitive proof that the “model” is true, because the “model” makes no sense. Just take the GPS trackers as example. You pay them, and they pay you 200% back after 12 months. Yes? So they use your money, and pay 200% APR interest, yes?
If they have so many clients, why don’t they go to bank, such as their buddy bank IFC, and borrow money for outrageous rate of 20% APR (bank rates should be less than that), and instead, pay all of you 200% APR?
This business is STUPID and CRAZY if that is really how it operates. Therefore, the model MUST be a lie. No sane business works that way.
And if any one actually believe this model works, they are JUST AS CRAZY.
This only proves that business exists in government record for taxes. It does not prove the company is not a scam. It takes maybe a few hundred Euros to register a company and one can be setup in less than one hour with this taxation thing.
The relationship between IFC and GetEasy is unknown. One website proves very little. You need to see the actual corporate documents. Then there are some questions how real is this IFC, as some pointed out all the “offices” listed for IFC are Regus virtual office locations.
There are TWO TachoEasy… the TachEasy AG in Germany, and TachoEasy Iberica, which is registered in Macao. The Ibeirca one is working with GetEasy. There is no conclusive proof that the two TachoEasy’s are linked, or the legitimacy of TachoEasy Iberica.
Any other questions?
The numbers are not correct, where did you see that they give you back 200%?
And this is not as well, 68€ they promise to give you monthly. Never the less like MATIJAS SAID, WE CAN WAIT AND SEE.
I dont know if Tachoeasy Iberica is part of Tachoeasy AG but tachoeasy.it seems to, as you can see on their jobs page :
It’s writen in german and includes Tachoeasy AG contact :
Yet the german website does not mention any subsidiary outside Germany excpet the austrian one.
I wonder if they have others affiliated companies in Spain or Portugal, since they seem to have registred domain names only in .es and .pt (.fr, .be & .nl are available for instance).
Give or take a few percents. GetTracker max package is pay them 1200, get 200 back per month for 12 months for 2400. Sometimes I get confused with terminology… is that 100% interest? Okay, 100% interest. Whatever. My original point stands.
But if you check their whois, it goes to
Name: Christian Graf Von Bentzel
Organization: TachoEASY AG
If you check the TachoEasy.de website, you’ll find that Von Bentzel is listed as CHAIRMAN
Executive Board: Christian Graf von Bentzel-Sternau (Chairman.)
Since when is the Chairman of a company the guy to contact about domain whois?
I’d also remind you to check tachoeasy.at, the ORIGINAL Tachoeasy website, and see who their whois contact is. (hint: NOT the chairman)
There’s something fishy about the tachoeasy.it website. I haven’t quite figured out what it is. It felt as if someone fed the German website through a translator. All of the pictures still have German names even though they now have Italian text on them.
Logically it’s an OLD version of the Tachoeasy main website. I tried looking through Internet archives and while WayBack machine claims to have 10-15 versions saved, they are all “not found”. it’s as if someone erased them (European laws apparently allow that nowadays)
Tachoeasy.de / .at only shows sales reps in Austria and Germany.
My instincts says the Iberica version is a copycat, and a pretty darn sophisticated one. Some of these websites are real, but some of these are copycats to plant confusion making research difficult.
Another interesting fact, for those who care to browse through some source code…
tachoeasy.it is written with Dreamweaver with PHP, and has no analytics attached to it.
tachoeasy.de on the other hand, is pure jquery with Google Analytics. No DreamWeaver or PHP.
Also keep in mind that the MAIN tachoeasy website is .com, but they also registered .net, .biz, .org and .info.
If you check tachoeasy.com, you’ll find that its email is handled by mail.tachoeasy.com
If you check tachoeasy.pt, its mail goes to mail.fox-services.de
which also handles mail for tachoeasy.it, .at, and .de
Weird, heh? You’d expect all of them to use the same mail server…
My point is the WHOIS info and website are useful, but cannot be relied upon as “the truth”. With $100 I can easily setup another website of TachoEasy and put in Herr Bentzel’s name as contact and translated it into some Asian language. Anybody can. If I buy the domain name and hosting through a German company it may even be on the same server as the real thing.
I am reasonably certain tachoeasy.de and tachoeasy.at are real, as are .com, .net, .biz, and .org.
I am not certain that .pt and .it are “real” Tachoeasy domains.
The “by Geteasy” logo has been removed from Pleimo website.
Sure you can, if you’ve given up on your money and tired of searching for the truth. You want the answer fed to you rather than FIND your answers.
The risk you take is 1) you can be lied to, and 2) they may be getting away (with your money).
For those who have questioned my math, I havent seen you show a better calculation.
For the guy who said GetEasy pays 68€ for the 360 pack…its still too much you know???
The price they have on their own site is 14,95 / month.
So if a 360 pack equals 4 GetTrackers they rent for you…
4*14,95 = 60€ / month
They cant pay you more then what they get from the customers. Its impossible!
If they do so, then they need some other source for cash, or else their cashflow will send them bankrupt even if they can generate profits in 2 or 3 years in the future.
They cant survive their 1st year if they pay more then what they get. Only if they….go for a bank and as loans to cover for their negative early cashflows.
But if they can do that….then they should be able to loan also the main invest.
And I still challenge a GetEasy member or manager to come up with proper calculations / simulations. They cant!!!
And this is why they need “your” money. Because if they could come up with a proper calculation for a good business…..there are big investers out there who could finance them.
the math that they offer you is:
1+4 trackers for 360€, they promise you 68, but if you take one of yours for renting (-20), is 48€/month.
If they offer as you said you would be correct, that is suicide.
Please remove me from any more notifications
I have seen enough for me not to invest
There should be an unsubscribe link in one of the notification emails. Might also be an unsubscribe link at the bottom of the comment list (under the comment box).
Now consider the alternative:
There is no “3 other” GPS trackers. There is just you.
Now the math works. Try it.
The problem is….they are offering like that to lots and lots of people. You just need to get more people involved and they start giving you bonus.
I remember you there is a 22€ bonus once you have 2 more people under you. And then you also get other bonus when people invest under you.
So explain me again how this is not suicidal?
Why dont all customers turn GetEasy affiliates?
I would assume its way smarter to rent your GPS tracker together with investing in more. But….if all customers end up as affiliates…..who is there to pay money to these affiliates besides themselves???
IF there is no contracts behind, youre correct than it cant be done. 🙂
Here is the brand new video from Geteasy with english subtitles. They are saying that from tomorrow 16th until January 1st, the Lisbon office will be closed to the public, and will only attend by phone or email…
Also, they are sayin that at december 21st, all the payments will be completed (LOL).
(Ozedit: video removed from YouTube as of August 2018)
So you are telling me there are thousands of people who dont realize they can be affiliates instead of customers?
And also that these people will never realize and never try to change their contracts?
And also that there exist someone who signed contracts based on the existence of customers who can at any time find out and change to affiliates?
Or that you have thousands of people who will sign contracts forcing them to pay for 1 or 2 years…..something which is not really expensive and with other options in the market?
As for the video, I would like to translate a couple things:
A) They will close the office tomorrow because it is getting dangerous. No one closes an office due to too much work. Specially not to answer e-mails LOL.
They are closing because some people are angry as expected and the situations is becoming hostile. So they will play it safe and hide.
B) Payments will be done till next week translates as “please give us one more week for us to fool others! Come on…lets not brake this already”
C) The big solution will be through new products, new packs. This translated as “Hell, if we cant find many more dum people we can maybe give you more options to give us more money.
There! Now you can forget about the money you already gave us. Now you have new stuff to invest on!!! And this stuff is the best!!!!! Even greater then those GeoTrackers and Music nonsense. Now we found the Big Deal!!! Give us your money!!!!! All!!!!!!
The end is near. When offices had to be closed when members are about to storm the place (remember when people stormed the TelexFree offices in the US?) it’s just about done.