GetEasy: We are first legal investment-based MLM opp
Launched in the wake of the Ponzi schemes BBOM and TelexFree, GetEasy targeted investors from the same countries BBOM and TelexFree had previously flourished in.
Having exhausted that market, the scheme soon spread its wings to greater South America and Europe – with the latest reports indicating GetEasy has now also main inroads into Asia (Malaysia and India) and Africa.
Problems for the company first arose when the front GetEasy used to justify the shuffling of new investor money to existing investors began to fall apart.
Probably the most damaging was the revelation that the tracker company GetEasy had long professed to source GPS trackers from, announcing they have nothing to do with the company:
TachoEASY AG has recently become aware of the fact, that the trade name TachoEASY was associated with the Geteasy Group.
We have received a large number of statements of actual consumer confusion. We were also approached by third parties and asked about our possible relation to Tachoeasy Iberica.
TachoEASY AG is not affiliated with these entities and demanded vis-à-vis Tachoeasy Iberica that they immediately cease and desist any and all use of the trade name and logo TachoEASY.
The products distributed by Tachoeasy Iberica are not the original products developed and sold by our company, the TacoEASY AG. Any statements to the contrary are false.
There have also been reports that music streaming service Pleimo, another GetEasy smoke and mirrors relationship, terminated their relationship with the company after GetEasy failed to pay them hundreds of thousands of dollars in fees.
Note that I myself wasn’t able to confirm this but it has been widely reported in GetEasy affiliate circles, so perhaps take it with a grain of salt.
As the threads of the elaborate web GetEasy had spun to cover its Ponzi operations came undone, regulatory problems also began to surface.
October saw “Polícia Judiciária (Portugal’s primary law enforcement agency for criminal investigations), reveal they had launched an investigation into the company. In the following month the Bank of Portugal then warned investors that GetEasy were
not authorised, in Portuguese territory, to accept deposits or other repayable funds (nor to carry on any other financial activity subject to the supervision of Banco de Portugal).
Reports of GetEasy payment problems had already surfaced prior to the bank’s warning and police investigation, with the lack of payment issue remaining unresolved to this day.
Around mid-December rumours of a new company name have emerged and hints at possible new smoke and mirrors contracts to mask the flow of new funds to existing investors abound.
Now, after broken promises and then mostly silence from GetEasy corporate, CEO Tiago Fontoura has made a series of New Years Eve announcements.
In a thirteen minute video uploaded to YouTube, Fontoura attempts to set the record straight.
First order of business? Where is everyone’s money and why hasn’t GetEasy been paying its investors?
[0:30] I’m here, why? So you know that in the last three months we had lot of problems with our company.
[1:03] What’s happened, what’s going on, what’s wrong with the payments?
[1:16] The most part of the banks in Europe, the place where we receive money and pay money to you guys, are doing boycott against us.
They don’t want to work with us.
Why? That’s too much work.
Fifty thousand payments a week, that’s too much.
The most part of the banks couldn’t do this by automatically, just manually. That’s impossible to do this.
Uh, impossible? The largest banks in Europe no doubt handle millions of transactions a day.
50,000 a week? That’s not even going to register as a blip on their radar.
Well, it might if GetEasy’s transactions red flags put in place to detect potential money laundering activity.
How curious, seemingly every bank in Portugal has blackballed GetEasy. It’s almost as if there was a central bank operating behind the scenes that might have issued a warning regarding the company.
Oh wait… that’s exactly what happened.
Yet there’s no mention of the Bank of Portugal’s announcement anywhere in Fontoura’s 13 minute long video.
[1:57] In following our name is not so good now. That’s why the banks say “No, I don’t want (to do business with you)”.
We had contracts signed with some banks in the last forty-five days and, when the banks see how (much) work they will do to do the payments, they say “Ok no that’s impossible”.
And they deny it (the contract), everything.
That’s why (it is so) difficult to pay you guys.
Whether Fontoura is being disingenuous or not I can’t say, but he appears to have a wildly inaccurate grasp of how a bank works.
What he’s describing there is standard due-diligence before any bank takes on a significant corporate client.
The warning issued by the Bank of Portugal, y’know, the one that says GetEasy are prohibited from accepting deposits in Portugal, means that legally no bank in Portugal can do business with GetEasy.
Forget about looking at the company’s business model and realizing it’s just one giant global Ponzi scheme.
In the likelihood that the Bank of Portugal’s edict extends to greater Europe, Fontoura’s next comments suggest that GetEasy has stashed their funds offshore.
[2:38] Eh Tiago, one more time, “Are you doing the payments?”
Yes, we are. But not so fast as we’d like to do.
We are doing the payments (at) the speed the banks allow (us) to do this. Not our speed, not your speed, the speed of the banks.
That’s why it’s not so fast as you’d like it.
But, don’t worry guys, all your money will reach your bank account. Don’t worry about that.
I don’t know the time. If you last five days, ten days, one week, two weeks – I don’t know.
I believe that we are going to do everything that we can to pay you.
Fontoura unfortunately does not disclose where GetEasy has deposited affiliate funds. Nor which banks the company is purportedly paying affiliates from.
At around the five-minute mark, Fontoura discloses why GetEasy has recently begun rebranding itself as “iGetMania”:
[4:48] Eh Tiago, you put a new name, iGetMania, what is this?
You put the name, you don’t talk anything – what is iGetMania?
So guys, you know that in the last three months we had a lot of problems with payments, with a lot of things.
And, we had two choices. One, we gave up okay. These people will finish us or, we will face this problem and solve everything.
Who “these people” might be was not immediately clear.
Anyway, Fontoura’s master plan to “solve everything”?
[5:20] We choose the second choice. So we were looking (for) solutions for you guys and so what we did for you;
We built a fund in (the) Cayman (Islands), the Ultra Crescent Fund… with assets of €400 million Euros.
Fontoura’s solution brings two primary issues to the forefront.
The first is that, in the event of a regulatory shutdown or GetEasy collapsing due to a lack of new investment, fund recovery efforts just became a whole lot messier.
The Cayman Islands, a British Overseas Territory, are a known tax-haven with a history of involvement in harboring money laundering operations.
The second is the mention of this trust, Ultra Crescent Fund. With the GetEasy name poisoned, it’s likely that the company is laundering money through their trust.
This leads on to GetEasy committing financial fraud by distributing Ponzi ROIs globally through unsuspecting banking channels under this newly formed trust name.
Furthermore if Fontoura is to be believed, €400 million Euros ($483 million USD) sees GetEasy fast approaching the likes of Zeek Rewards ($850 million) and TelexFree (one billion dollars), to rank as one of the largest MLM Ponzi schemes in history.
[6:04] When you buy a share of us (GetEasy), you are buying a share of €400 million Euros.
That’s a guarantee that your money will never be lost.
Well yeah, until someone who invested before you withdraws it.
And good on Fontoura for dropping the facade and finally referring to deposits made with GetEasy as (share) investments.
Fontoura then goes on to claim GetEasy has opened other trust funds in Luxembourg, another known tax haven and Abu Dhabi (UAE). How much investor funds GetEasy has laundered into these accounts is not disclosed.
What Fontoura then refers to as “the best of all”, are plans for GetEasy to open up their own investment bank.
[7:12] Our own investment private bank. It belongs to iGetMania.
Based in Dubai (and) authorized by the Central Bank of Dubai, the name (of the purported investment bank) is Emirates Malaysian Investment Bank.
We have our own bank.
How far along GetEasy’s plans to open up a bank is unclear. When the time comes to explain to the Cenral Bank of Dubai where GetEasy sourced their seed funds for the bank, things will probably get interesting.
One thing is clear though, despite Fontoura professing to already have the bank, if they GetEasy indeed did establish a bank, they’d already be paying their affiliates through it.
Yet at the start of his video Fontoura clearly explains that GetEasy is still relying on other bank(s) to currently meet their ROI payment obligations.
[7:39] You, a new partner of Get Mania, have a share of a bank.
The video continues, with Fontoura outlining his masterplan to circumvent global financial and banking regulations:
[7:53] From the beginning of the first work day, or the second work day of January, in three, four, five days from now, no bank, no authority in the world may prevent or forbid our good work.
Again, I don’t know if Fontoura is being deliberately disingenuous or if he’s just parroting what he’s been told to say (Fontoura spends much of the video reading notes scribbled on post-its), but there’s an obvious disconnect between reality and Fontoura’s banking fantasy.
Even if GetEasy launched their own bank (and that’s a big “if”), that doesn’t automatically mean they can proceed to continue to launder Ponzi funds globally.
Banks are regulated – and the same money laundering triggers GetEasy set off in Portugal will once again surface.
[8:23] We are the only one company, network (marketing) company, in the world that can promote investment.
Holy shit. There it is.
Invest in GetEasy, and they will legally take your money and use it to pay off existing investors. You yourself will then get paid when people invest after you. Tiago Fontoura guarantees it.
The hilarious bullshit continues, with Fontoura assuring GetEasy investors that come January 2015, they will legally be permitted to promote a Ponzi scheme.
[8:42] From the first or the second work day in January, you (can) talk about investment.
You are the only company in the world that (can) talk about investment. You (can) promote investment.
You are selling shares of our company. This company has assets, (a) real guarantee of €400 million Euros.
This company has a fund in Luxembourg, our own bank, investment bank… as I told you.
Fontoura closes out the video by thanking those who have invested with GetEasy thus far.
[9:56] You guys that were strong and are here until now, congratulations and thankyou very much.
You will be the best in the world. You will be the (most) important people of the network marketing (industry) of the world.
We are an investment company that uses network marketing to sell (investments).
You know the power of network marketing? You know the power of the license that we have about selling and promoting investment?
So guys, congratulations – you are the best, we are the best.
Be ready, because 2015 will be our year.
Fontoura’s mention of “the first working days” of January suggests GetEasy’s investment bank plans will go live sometime next week.
We’ll keep you updated as best we can (be sure to check the comments below for updates from Portuguese speaking readers).
The GetEasy Ponzi train-wreck saga continues…
Update 31st July 2021 – The video referenced in this article has been marked private as of July 2021.
As such I’ve removed the previously available link to the video.
so, What? igetmania, just walked up to the reception counter of the central bank of dubai, and filled up some forms, and got their bank all registered and authorized, and ready to start in a few weeks/ months time? Everybody should just get their own bank!
fontura hasn’t gotten over his new years hangover, is ONE explanation for this deliriousness! OR its a plain faced LIE.
a quick search throws up Nothing about ’emirates malaysian investment bank’, the ‘registration number TN1701457’, or of ‘ultra crescent/caymans’.
the few mentions of these terms, are only posts of various geteasy, igetmania, affiliates.
The most damning evidence is how the video was done on an iPhone… This is basically iPhone propped up on a stand of some sort and this guy talking into it… At a hotel room or his house. The background is just a curtain.
This guy didn’t even use a Webcam. Only phone cameras can come out “portrait” mode.
If the guy’s serious about the announcement he’d dress up a bit and use a professional grade camera. This guy basically is ordered by somebody to read things into an iPhone that he barely believes himself. The Youtube account was created on 30th, and video uploaded 31st.
Only the most ardent of the cultists will take this as a “good sign”. This sort of talk about nobody can shut them down was repeated by a ton of scams before.
TVI Express followers in China once claimed TVI Express was international eCommerce and Chinese law can’t shut down them. Well, the locals can go to jail for it, and many did, so what’s the difference?
My favorite line was they are the First Legal Investment MLM Company. Almost fell of my chair laughing at that line. Glad I wasn’t drinking anything or I would have ruined a good keyboard and monitor.
well, chang, don’t be so pedantic.
these guys have 400 mil euros in the caymans, and can afford a whole authorized bank in dubai, and you want to crib about little webcams?
See The Bigger Picture!! They Have A Bank ! 🙂
Probably a piggy bank…
This whole video just sounds like the Iraq propaganda guy:
“The infidels are being crushed everywhere!”
“Our forces are victorious”
“We will win and God is on our side!”
All this while the americans were ready to open fire on Bagdad and most of the army had already surrendered.
Hell…Fontoura actually looks worst when we compare.
I will lauchn here a new bet:
They will not open their Lisbon office next Monday. Or if they do, it will be closed again before the end of next week.
how is this even possible to go on ?? why are new people joining this shit ??
the guy in the video is so weak.. I would not give him a single cent to invest… unbelivable.. was is the same with TelexFree and BBOM ??
Sort of. Zeek had the Caldwell/Craddock show, TelexFree was the Carlos Costa funny hour on YouTube.
This guy seems to err more on the Costa side of things.
Oz, how long can this go on ?
He is drunk in this video. He pretend to be managing a company that sell for billions of contracts, own banks etc… and all he do to answer the thousands of peoples who have invested their hard earned money and are not being paid for 2-3months now is to make a video with his iPhone when he is drunk ?
What a joke.
Until Portuguese police, with help of maybe Israeli, Macao, and other law enforcement agencies, conduct a multi-national raid.
“good sign” according to Tiago it is only “trust” in a youtube video recorded on Iphone (is he hidding his ass? Probably, not recorded as getTV shit or as any fake image of a big fraud company) – PS: he looks drunk after all. Or he need to put more tobacco with the weed.
There is one big contradiction on his meh meh meh meh of Tiago, between all contradictions. He refers:
* “Banks from Europe are blocking us” – ok… Fair enough!!! why?? Probably Tiago don’t know why…… (YEAH BLAME THE BANKS)
* “We have our own Bank” – lol another cheap lie. If they have their own bank, why da fuck he blames others?
* “Emirates Malaysian Investment Bank LLC” what da fuck is that? Another new llc virtual company? What a crap no? Where are the 1 billion lies? Lack of imagination…… (drunk?)
* Tiago lies again on GPS shitty thing, so, makes thingy more confusing than chaotic. So they owe 450.000 Dollars to Queclink.com, so far last email sent to Queclink.com they confirm Geteasy didn’t payed so far. (company that supplied 20Kpcs of GL200).
Despite never existed any reference of the final costumer (the meh meh they never talk about).
I could write more but it’s redundant while there’s no.
plus they announces videos on the panel to help register ( get victims is always priority!!! Do Banks blocks their payback but not money entering on the Pyramid? Weird!!!) .
But the failure to clarify Quelink.com (450,000 dollars) , right? Clarify the failure to TachoEasy AG , and explain of TachoEasy Iberica , no?
Yeah, he is hiding his ass, doing Iphone vids for fools.
A French group called JAB -TEAM launched a public petition ( change.org ) – change.org/p/autorit%C3%A9s-des-march%C3%A9s-financiers-stopper-geteasy-igetmania-trop-de-victimes
against the schemes of GetEasy – linked to the rising tide of complaints, investigations and complaints against GetEasy and associates. – netbusinessrating.com/fr/fiche-11631-get-easy (of course, rated as SCAM!)
I tried to check a few warning lists from different authorities, but I didn’t find GetEasy on those lists.
Central Bank of Portugal is a different type of authority. It doesn’t have warning LISTS, only “press releases”.
Here’s a few of the Financial Services Authorities in Europe, picked up from a warning list.
Thanks for linking to that Farao, thoughts here – https://behindmlm.com/companies/geteasy/ifc-group-clarify-geteasys-investment-bank-plans/
Geteasy is the face of some well know “companies” – isog.org/fraud-warnings-and-alerts/warnings-and-alerts-i – ISOG Private services in the area of financial fraud and money laundering.
victms should use companies like International Financial Crime Investigators ifcinvestigators.co.il/request-an-investigation/
list of AUE banks..
I don’t see their bank on there?
I think he should be quickly arrested…. As simple as that…
Look, they just posted on their Facebook page that they are no longer a MLM Company, the are now an “Investment Firm”.. LOL.
In France an investment can not be promoted by “normal” peoples, to promote an investment first that investment need to be regulated and aprooved by the AMF and second the person promoting it have to follow some educations in finance and have the proper license.
So none of the spupid igetmania believers have the license allowing them to promote investments and the igetmania investment is not regulated in France and not autorised by AMF.
So i guess we’ll see an official warning publication against igetmania from AMF in France and Québec in the comming weeks. With this “investment” moove they’re shooting themselves in the foots.
Same in all Western countries, even in the US. (We call them ‘securities’)
And you know what these scammers will say, “this is not an investment, but a business opportunity, and you have to WORK for it”, then add some stupidly easy act like “post one ad a day on Internet” 😀
Their is Thaoeasy AG who is a german firm and Tachoeasy Iberica who is spanish!!!
Dont mix up the both! Tachoeasy Iberica is affiliate with Geteasy
Hello my name is Aljaz Jamnik. I have been in GetEasy for 2 months now. I invested 3200€ and so far I earned 2400€, from renting the devices and from marketing.
And right now I have about 180€ on my balance on my webpage in iGetMania, the rest of the money I already put into my pocket by paying other people packages.
YES I didn’t chose to send the money on my bank account.
You have to understand something, you little fat fucks ( sorry for my expression, but you ahve to understand that there is no greater wish for me to rip of your heads.
After reading this) who are writing about my company and don’t have the money or energy to get up your lazy ass and go to Portugal, to beautifull Lisbon to check the company to see the employes to se the contract for Geolocators that ARE REALLY BTW!! Why??
WELL BECAUSE WE WENT DOWN THERE AND CHECK THEM AND ONCE WE SEE THEM WE STARTED TO TALK ABOUT THE COMPANY IN SLOVENIA TO.
I know exaclty why a lot of bank don’t want to work with us, believe me I know, if you used your brain a little, maybe you would know to, but like I said, you are lazy and because you have your smartphone you think you are smart 😉 what? you go online and ask daddy google for anwsers hahahahha:D
I mean every fucking MLM company in the world, every fucking time there was somebody who had some much to say over it and here is no difference. And for you guys, you first go check things, I mean check them in person not online, online is shit, even I could create some article like this and some dumbass would believe it, what can I say we live in a retard world:D
And after you check them, then write a article which will carry facts not some your stupid belief. We could go on and on here and argue for weeks, but why? Haha .
It’s more than clear to me that you will never aprove iGetMania, even if you somehow, one day check the company the right way and see your erros, you will act like you didn’t understand nothing and will still carry on with your beliefs.
And that makes me sad:( Why because a lot of people will believe you, more than the person who actually have the right information about the company and that’s why a lot of people will lose the opportunity to earn money.
WELL I WON’T MISS IT 🙂 Peace
So in reality you made $0 from GetEasy.
You paid 3200 EUR to either your sponsor or GetEasy, and then proceeded to literally steal 2400 EUR directly from suckers – giving them positions in a fast collapsing Ponzi scheme in exchange.
Herp derp because GetEasy is a Ponzi scheme herp derp?
Exactly. Based on their fraudulent business model GetEasy is a Ponzi scheme and you’re a Ponzi scammer. Nuff said.
The funny thing is that you didn’t rebate any of our arguments… you “Fat Fuck”.
Are you a good runner? You better start before those people under you realize they lost their money.
So, you run the risk of someone crazy getting mad at you for…..how many euros really???
Now that´s really a smart move!
Enjoy your money then 🙂 Come back and tell us what you did buy with your money!
I was never involved with anything like GetEasy or iGetMania. There´s absolutely no one out there who lost money with me. I like to live without that stress so let us do that.
Just be aware that you will not stop us from trying to warn people. And if one day you will have a kid that spends all his money in suckers like you, then you may also want to join us.
Enjoy your low life.
@ Aljaz Jamnik
Why don’t you just give us the IFC regulation number ? If it’s a legitimate bank they have to be regulated somewhere by some financial autorities and have a regulation number that we can check with the regulator.
Same thing for the igetmania “investment” because of now that’s how it’s called by the “company”.
Guys wait and see… 😉
You know what they say, right?
Don’t argue with an idiot, because he will drag you down on his level and beat you with experience 😉
I will come back in 6 months, either a winner or a loser. I simply don’t plan to use my energy to explain things you don’t really want to understand 😉
So you look at yourself as an idiot? Well, you’re not, you are simply a f%#&$ng low life walking carcass full of crap!
Hope a really hard life of hiding and scared to get beat by people you scammed, as I wish to a couple of other scumbags that unfortunately know!
“Piss” to you too!
I sometimes do. 🙂
I’m sure they don’t want to but you just keep posting
You’re assuming that you understand this yourself…
I don’t need to shoot myself in the head to know it’s bad for me.
I don’t need to see a scam’s office in person to know it’s a scam. An office of a scam operation are just that, a ‘front’. It is not real.
They have already revealed themselves to be name-stealers of the real TachoEasy AG. So whatever your understanding you had reached two months ago is already wrong.
If you need another 6 months to prove it to yourself, you will likely end up with nothing and tattered reputation for having wasted 8 months with a scam.
Which brings up a better question, why did you join so late? You know this scam began years ago. Didn’t they teach you “Kdor prej pride prej melje” in school?
@ Aljaz Jamnik
About your beautiful office in Lisbon, why dont you come to see it CLOSED!
Its CLOSED and it will stay CLOSED!
Currently they say they will be closed till the end of January due to “system problems”.
Who would know…so their secretarys and office people are the ones working on the “system”? No wonder they have so many problems!!! Maybe….sign some IT people and let the office people do their work????? Maybe….
But if you find anything that makes sense about this business….
It is what it is!
And its CLOSED!
Mr. Aljaz Jamnik. Can you explain us whether you have withdrawn your 3200€ investment? Or only the 2400€ “profit”?
Because if your 3200€ are still “there” – you can FORGET them! In other words, you are at MINUS 800€ (800€ loss).