IFC Group clarify GetEasy’s investment bank plans
IFC Group (International Finance Corporation Ltd.), not to be confused with legitimate companies bearing the same name, is an Israel-based partner in the global GetEasy Ponzi scheme.
Instrumental in the laundering of money through GetEasy’s business operations and seemingly in control of the flow of new investor funds to existing investors, IFC is headed up by Michael Herzog.
On his LinkedIn profile, Herzog (right) describes himself as someone perfectly suited to orchestrate a Ponzi scheme primarily targeting Europe and South America.
Dr. Michael Herzog, PhD, MD founder and chairman of International Finance Group, International Finance Bank and other companies, brings more than twenty years of experience in the management of global equity, fixed-income and derivatives portfolios to the firm.
Since early 1997, he has worked on several investment banking transactions to finance debt reduction for several countries as well as infrastructure projects throughout Latin America as well as satellite and telecommunications projects.
Following on from GetEasy CEO Tiago Fontoura’s video announcements yesterday, Herzog has today issued a press-release further clarifying GetEasy’s global Ponzi investment bank plans.
As per GetEasy’s business model, we’ve always identified GetEasy as a Ponzi scheme. Back then though management were thick with smoke and mirrors asserting otherwise.
As GetEasy’s banking channels in their native Portugal and elsewhere around the world crumbled, along with the web of deceit management had spun to mask the Ponzi activity taking place, this approach has since been dropped.
Now GetEasy are all but acknowledging they are a Ponzi investment scheme. However it’s not the fraudulent nature of the Ponzi business model that’s the problem, it’s evidently the commercial banking system.
In a press-release published on January 2nd, Michael Herzog explains:
With great success often there come big problems too, how to train and adapt to the huge amount of members, how to accrue enough contracts to secure the financial expansion of the company, how to inform the judicial system about the sustainability of the business model and convince the banks, by themselves no friends of the model to empower direct funding for great projects without their direct involvement, to help to distribute the wealth of the different investments to their members.
Where to even begin…
GetEasy has no investments, no hope of sustainability and any problems with the banks has arisen out of detection of fraudulent money laundering and Ponzi related activity taking place.
Rallying against governments and banking institutions is a common tactic deployed by Ponzi scammers, as they seek to shift attention from their own problems onto a projected “common enemy” (‘we want to pay you (with money we don’t have) but they won’t let us!’).
Echoing Fontoura’s announcements yesterday, Herzog continues;
We acquired an investment bank in the United Arab Emirates which is now already owned by our financial group.
Within the nest 10 to 12 days and after finalising the required formalities with the Emirate’s Central Bank, our Bank will be completely operative to work in all sectors and types of international and national investment sectors.
Fontoura promised the launch of the bank “in the first or second working day of January”, but the reality appears to be slightly more complicated.
Primarily in that GetEasy don’t have any actual approval for their plans.
Infact, the future of GetEasy’s business operations would appear to hinge entirely on the Emirate’s Central Bank abandoning their money laundering and fraud detection safeguards in place.
The same safeguards that saw GetEasy’s banking channels terminated in Portugal, and the failure of the company to secure new legitimate banking channels within the EU.
Should this happen, here’s how Herzog envisions GetEasy’s global Ponzi conquest:
With an investment bank, owned by ourselves, and thus not being subject to the difficulties that the Central Bank and the commercial banks have placed before us on a daily basis (Ozedit: See aforementioned money laundering and Ponzi detection triggers), the future expansion looks extremely promising.
Moreover, with such an investment bank that will be at the service both for our network and also for external international investors from any country in the world and a pipeline of extremely interesting projects which high return, this will secure extra capital gains and financial benefits for our network.
This alone should increase the motivation for personal success of all our members.
Ponzi speak translation: We hope our illegitimate bank will attract non-Ponzi investors so that we can add to the ROI we already pay you out of newly invested funds.
We trust this will cause our current and new GetEasy investors to invest even more money into the company.
And we will have less problems too. All payments to members concerning their profitability will be paid by our own bank which shall exclude unjustified delays and misunderstandings, as has happened due to the ineffectiveness or unwillingness of commercial banking.
Bloody hell. Herzog certainly appears to have gone off the Ponzi deep end.
I mean, if the UAE Central Bank massively fails in conducting their own due-diligence, what then?
GetEasy think they’re just going to be able to launder millions of dollars around the world without setting off global fraud detection alarm bells?
Our Bank will create a prepaid debit card with access to any cash machine (ATM) and distribute it to all members.
Oh and whatever company they partner with for the cards (Mastercard, Visa, etc.), they’ll be a-ok with the Ponzi scheme too. Brilliant!
Things further deteriorate when Herzog reveals the trust funds Fontoura claimed were already set up… have yet to be approved.
All our future members investment funds will be channeled through the proper fund structures. For this we have bought and created two Master Fund Vehicles in Luxembourg, already registered and in Bloomberg, and in Cayman, on the brink of being registered.
For anyone from the UAE Central Bank who might be reading this, let me break GetEasy down as simply as I can.
Under the guise of non-existence partnerships with third-party companies, GetEasy simply take new affiliate funds and use it to pay off existing investors, in proportion to how much they themselves invested.
That’s it and yes, it’s that simple. Put all the smoke and mirrors bullshit they’ll try to drown you in aside and just follow the money.
Otherwise, GetEasy’s current global Ponzi mess is going to get unbelievably messier:
The investment horizon is excellent.
With now approximately 300,000 members in our network, we will shortly evolve to millions of members worldwide and with this expansion and increase of investment potential other scale investments and higher profitability and awe inspiring returns are possible and probable.
Herzog claims GetEasy’s investment bank plans will be ‘fully operative in a very short time till the end of January in any case‘.
Footnote: Our thanks to BehindMLM reader “Faraó Mmn” for the heads up.
Since they’ll allegedly have their own ‘bank’ why would they need to pay in debit cards? Why not just do bank transfers?
1] those degrees are going to be so fake, it’s not even funny.
2] when herzog already has an ‘International Finance Bank’ under his belt, why does igetmania need to acquire an investment bank in UAE?
3] tiago fountoura, is named as one of the founders in the press release. so, a founder of a company which takes over UAE banks and buys investment vehicles in luxembourg and convinces PwC to certify their cayman deposits, sits before a printed curtain and talks into a i-phone, about all these majestic plans?
4] maybe they will set up some shady investment company in a safe harbor in UAE, and tie up with some shady payment processor? this the MOST they seem capable of, it’s just not possible for them to be getting whole banks, from under the central bank of dubai’s, nose. ain’t possible.
Is it the same guy? I thought I saw his picture on some loony websites tying him to some mind boggling conspiracies.
Maybe someone should contact Kristi about his new bank. It could become the payment processor Achieve so desperately needs with debit card included so need of GCC.
In fact, every Ponzi going will want to use this bank. Just think of all the assets this bank can hold and control.
Yes I am being sarcastic in case anyone was wondering.
Is it the same guy? I could see similarities. From what I can decipher from loony tunes websites he pretended to be head of huge monetary fund (using famous namesake) and launder money through very high people.
But even if all other crap is false, if its was him who got arrested in Germany with other criminals on various frauds.
Also, some guy here reports that Dr. Michael Herzog has multiple arrest under his name for number of crimes.
It seems like loony websites got it wrong on one part. They found out International Finance Bank fake brochure and figured out that this guy is a Illuminati.
Without any proof of cause. But he was still probably arrested in Germany on some charges and from his involvement with geteasy he must have had some criminal history.
Somebody already did research on IFC:
They have no real offices only rented call centers.
it seems like him.
the magnificence of ‘Dr’ herzogs looniness, is also mind boggling. his linkedin profile will leave you psyched and stumped:
psycho alert 1 : Trained at the Universities of Wuerzburg, Tuebingen, Hagen and the Max Planck Institute in Munich (all in Germany) as a physicist, medical doctor and national economist………[!!!!]
psycho alert 2 : International Finance Bank is instrumental in governmental funding, reducing currency outbalance and finance engineering…….[even more !!!!]
and the cherry on the cake is that this ‘brilliant’ guy, who apparently runs the worlds economy, is holed up in israel, partnening with geteasy ponzi scheme.
Owning a bank didn’t help Charles Ponzi to float his Ponzi scheme. It may have delayed the authorities a little.
I wonder if CSSF know that this scam included their name as well as PwC (lol, not a lie it’s a joke 😀 ).
CSSF – do a search, there’s nothing there, related to anyone/any reference igetmania, geteasy, ifc limited, Hedge Fund, no reference from ‘Dr’ herzogs and the gang.
Just to make a little note, the UAE does not allow foreigners to charter banks, and being not a foreigner in the middle east oil countries usually involves proving your family has lived there for several generations.
They are extremely funny about banks over there, they don’t collect interest on loans to Muslims for instance, and the chance of these jokers getting bank account more less a bank in the UAE are less than the chance of Israel electing a neo-nazi Prime Minister.
Soooo…. you’re saying there’s a chance?
MAKE IT RAIN BOYS!
Just to clarify, Shariah law prohibits charging interest on loans.
The banks, however, are allowed to hand out “hibah” (gift payments) to depositors, but is NOT OBLIGATED TO.
As for how to borrow money from a bank… There is Shariah-Compliant Banking where basically the bank buys the property for you and shares the risk and any gains with you.
Most people don’t see the difference between a back office, a merchant account with e-wallets, a payment processor and a bank. All they see is that “money” is displayed on a screen and can be used in various transactions.
“If it looks like a real transaction and acts like a real transaction”. People simply don’t see any differences between different types of transactions. If virtual transactions look real enough then they will be interpreted as real transactions.
GetEasy’s “investment bank” can simply mean it has bought some software pretending to handle real monetary transactions, e.g. similar to the internal e-wallets in BLGM (it handled “Hong Kong dollars”), or similar to the internal transactions in TelexFree. Or it can be a more advanced solution, communicating with other software.
A Merchant Service Provider will deliver almost any type of product designed for transactions between
* customers and merchants
* merchants and service provider
* and potentially between service provider and payment processor
Most security procedures will be located in the next level, between payment processor and banks. Banks are part of the “Inner Circle”, while service providers are part of the “Outer Circle”.
A payment processor will be a part of the last one, but communicating directly with a member of the “Inner Circle”.
It’s not difficult for a company to buy pre-paid debit cards (VISA, MasterCard, etc.) in any shape or form, e.g. with “company label”, non-existent payment processor label, celebrity label, or almost any other type of label.
Some companies can have “company branded debit cards” in many shapes and forms, e.g. to give the impression of more or less “status” to the owners (e.g. a black VIP card with a $10,000 per week withdrawal limit will have more “status” than the ordinary, blue member card with a $5,000 per week limit).
🙂 rolling back this is another geteasy lie, card thingy, again, another Geteasy gang style. 04/2014 Geteasy launched a “credit/debit card” emitted by North International Bank.
Geteasy blame the Members lol again…. during some (A LOT!!!!) of problems.
They lied saying that it was an Europe Bank Card… since North International Bank it is from Dominican Republic.
The lie ended so fast as started. The geteasy joke continues…
* plus they are charging 70 euros on back office of withdrawal LOL
* 7 Euros for Credit/Debit card withdrawal lol
Just to clarify, Shariah law prohibits charging interest on loans
Good point about what they call Islamic Banks. And if you go the the UAE Central Bank Website someone messaged me that there are dozens of foreign banks listed which is true but they are not chartered in the UAE they only have branches there.
Something else I don’t think these scammers don’t even know is the difference between a commercial bank and an investment bank.
Investment banks don’t have depositors with checking and savings accounts, they are banks used by large companies to raise extremely large amounts of capital. You go to a commercial bank to open a checking account, your local pizza parlor goes to a commercial bank to get a loan for a new pizza oven, IBM goes to an investment bank to raise $5 billion to modernize its plants worldwide by issuing, through the investment bank, new shares or bonds.
When the scam started Oct 2014 – announced at their shitty Geteasy – Getawards – Discurso Presidente do IFC – Michael Herzog
I have seen that video. Michael Herzog seems to have been a part of the team for some time.
You can find other GetEasy videos from October / November 2014 explaining the “money circulation system” between multiple companies.
Yes, Herzog has been involved at least since around 10.2014. It was after they anounced a merge between GetEasy and TachoEasyIberica, they then anounced also a partnership with IFC ltd led by Herzog.
Now, we can supose he was already involved before. He apears to have ties to Antonio Loios, who was involved from the start as owner of TachoEasyIberica.
So we can debate if Herzog has been there since the start or not.
The truth is that Herzog is obviously another fraud. The guy screams bullshit all over his online profile.
He is probably helping with money laundry and stuff like that. It also helps to have a foreign name leading a foreign company and issuing “press releases”. It gives a lot of credibility for inocent people. Its all part of the game.
As for Herzog, I supose he is not that expensive to buy. He has no problem with moral values so I dont think they need that much money to have him say whatever….
I know all this big threat lol .
More videos I watch more lies I find.
Redundant trying to find fantasy in Alice in the Wonderland – (how deep the rabit hole goes).
Why any entity stop them!? Is it so "legal" their bullshit lies and "economic laundry"???? (pertinent question no, do we need 1 more year or are we waiting for the collapse lol)
Oz, take a look. I do not know if you have connection with Igmania, but looks at the logo. Only the colors are different.
I chegei this right through this area, but the site seems to be above a lab.
(Ozedit: Link to spam blog removed)
Definitely looks like a ripoff.
You have to put it within the context of GetEasy though. Worldwide scams aren’t really a bastion of legitimacy to begin with.
I imagine when someone points it out they’ll pull a TelexFree (the badminton logo) and pay someone to quickly redesign it.
Another total fraud which could never last given the investment scheme which has brought down similar scams like BBOM which I am sure is where this deal got the idea.
Outside of the BS, nothing can be verified about companies or Herzog, if that is a real name.
Success to all.