URGENT >> BULLETIN >> MOVING: JSS Tripler Promoters Targeted By Italian Regulator CONSOB In Securities Probe

URGENT >> BULLETIN >> MOVING: Your time soon may be up if you’re flogging the absurd HYIP known as JSS Tripler.

CONSOB, the Italian securities regulator, has opened a probe into the activities of multiple promoters amid concerns the purported “program” is being offered to Italian citizens unlawfully as a security. JSS Tripler is an arm of “JustBeenPaid,” a Ponzi-forum darling that has been serving up a heavy dose of the bizarre for months.

The agency has issued a 90-day suspension order.

Details of the CONSOB probe and the precise number of investigative targets were not immediately clear to the PP Blog, owing to the lack of a quality Italian-to-English translation. But the websites of multiple entities or individuals who appear to be JSS Tripler affiliates are referenced by CONSOB in a 90-day order dated Jan. 20 and made public Jan. 23.

JSS Tripler’s name also is referenced in the order.

If a JSS Tripler-related domain cited in the translation is accurate, the domain appears to be hosted in the United States.

Among the bizarre claims associated with JSS Tripler promoters were that the company was moving to “offshore” servers and performing a restart.

Affiliates were required to affirm they were not government spies or media lackeys.

JustBeenPaid is known to have promoters in common with ClubAsteria, a “program” that came under CONSOB’s lens last year. The purported opportunity also is known to have promoters in common with the alleged AdSurfDaily Ponzi scheme.

Some JSS Tripler affiliates identify Frederick Mann as the honcho-in-chief. In May 2008, Mann positioned ASD as a “cash cow,” claiming he pocketed $6,000, according to records. Last year, the purported JustBeenPaid “opportunity” was trading on celebrity names such as Warren Buffett, Oprah Winfrey — and even fictional space man “Mr. Spock.”

Here is the CONSOB announcement — via an English translation by Google Translate.

Another “program” apparently named “System Explosion” also is referenced in the CONSOB suspension order. The domain for that program, which appears to be an HYIP or arbitrage program of some sort, also appears to be hosted in the United States.

Among the payment processors listed on the JSS Tripler-related domain and the System Explosion domain are AlertPay, SolidTrustPay and LibertyReserve.

An ad for JustBeenPaid appears on the SystemExplosion domain. When clicked, it appears to route to a subdomain of the JustBeenPaid domain, which beams this bizarre and vacuous message:

“JustBeenPaid! (JBP) and Its (sic) related programs are Licenced (sic) under United States Patent 6,578,010.”

The U.S. Patent and Trademark Office, however, is not the agency that regulates securities programs and purported business opportunities, even if JustBeenPaid could demonstrate that some sort of patent exists. As a practical matter, it is virtually impossible to conceive that market regulators in any country could be thwarted from opening probes based on claims that a system was patented.

If anything, such a claim in the context of programs that purport to pay a return may only intensify regulatory scrutiny. CONSOB, for instance, referenced JSS Tripler’s purported returns of 2 percent a day.

JSS Tripler is not to be confused with JSS Tripler 2 (T2), an equally bizarre “program” that appears to be a knockoff on the name of JustBeenPaid’s JSS Tripler arm. T2 also uses AlertPay.

Like JSS Tripler, T2 also was promoted on Ponzi forums such as TalkGold and MoneyMakerGroup.

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14 Responses to “URGENT >> BULLETIN >> MOVING: JSS Tripler Promoters Targeted By Italian Regulator CONSOB In Securities Probe”

  1. Frederick is no stranger to Ponzi programs. He was promoting Quantum Leapx3 Network and their International Credit Union back in 2007. Along with Ken Russo, Faith Sloan, Dick Moore, and a whole host of other Ponzi pimps. Frederick figured out there was more money to be made running one than just being in one; just as Ken Russo has also.

    It would not surprise me to see that Frederick was in many of Dick Moore’s Ponzi’s he was pimping. And of course Ken Russo and Faith Sloan are in Frederick’s JSS. Birds of a feather and all that jazz.

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  2. JSS Tripler is not to be confused with JSS Tripler 2 (T2), an equally bizarre “program” that appears to be a knockoff on the name of JustBeenPaid’s JSS Tripler arm. T2 also uses AlertPay.

    Like JSS Tripler, T2 also was promoted on Ponzi forums such as TalkGold and MoneyMakerGroup.

    I hope it does get confused and sucked in with this investigation. That would be hilarious.

    And the patent quoted is that of someone patenting a pyramid. That’s all.

    http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=27&f=G&l=50&co1=AND&d=PTXT&s1=6,578,010&OS=6,578,010&RS=6,578,010

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  3. Thanks for that patent link, Whip.

    Patrick

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  4. No problem my friend.

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  5. I have a taped conversation with the patent owner that is granting a license to Just Been Paid. He specifically states that he is only allowing the liscense to JBP if no one suffers a loss. The patent owner was ready to have Frederick Mann arrested for importing software into the United States and threatened to call Department of Homeland Securities. Shortly thereafter, a deal was made between Frederick Mann (Just Been Paid) to pay the patent owner for rights to use his patent.

    I will be talking with the patent owner next week to explain to him that it’s impossible not to loose within the Just Been Paid program, and he (the patent owner) should withdraw the rights of Just Been Paid to use his patent.

    Just Been Paid also known as JBP, position is that when the 2% daily obligation to pay becomes negative cash flow, they (JBP) does a “Restart”, which allows JBP to convert liabilities into company assets.But in doing so, the investor or member has to pay money to get his or her money back, or to make a profit.

    Once JBP “Traps” the members investment, there is no way to get it out or recover it unless the member is willing to jump through all the weird tricks Frederick Mann and Carl Pearson has put in place to keep the restart converted funds from resurrecting into a company liability again. As long as a members investment is trapped in the restart conversion, JBP has no obligation to pay the member any money or profit for his or her investment.

    In order for the member to get their money back or make a profit after the restart, the member must fill 6 positions on what is called a JSS Matrix Position. When all 6 positions are filled, then the member is promised $60 dollars when that position fills. But, the member has to pay $5 dollars for each of the first two positions, and is asked to pay a $10 fee to convert each Matrix position to a “premium position”.

    Let’s say that I invest $1000 dollars into the JBP program, and I buy 100 positions at $10 dollars a position. JBP is obligated to pay me 2% per day for each $10 dollar position which is .20 cents a day. So you multiply .20 cents times 100 and JBP has to pay you $20 dollars a day for the next 75 days, which equals $1500 dollars or a $500 dollar profit (at least on paper).

    But let’s say that JBP does a restart the next day, I would most likely be paid my $20 profit for the 2% per day, but all 100 positions that I just bought are then converted

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  6. Bellues Brothers: Just Been Paid also known as JBP, position is that when the 2% daily obligation to pay becomes negative cash flow, they (JBP) does a “Restart”, which allows JBP to convert liabilities into company assets.But in doing so, the investor or member has to pay money to get his or her money back, or to make a profit.

    Based on your post, I’d say that it appears JPB has incorporated the sinister business approaches of both AdSurfDaily and Enron.

    In other words, JPB employs an accounting deception that hides liabilities by treating them as assets and then adds an extra layer of nefariousness by trapping the existing money of current investors and oiling the machine for restart by reaching into the pockets of new enlistees.

    On a side note, one of the domains listed in the CONSOB announcement includes a banner ad for JustBeenPaid. When that banner is clicked, it takes visitors to a JustBeenPaid subdomain styled “adv.”

    That same subdomain is listed at AdLandPro, which we wrote about here:

    http://patrickpretty.com/2011/11/02/editorial-bogdan-fiedur-of-adlandpros-deplorable-bid-to-chill-realscam-com-in-the-age-of-international-mass-marketing-fraud/

    It appears as though JustBeenPaid forms its affiliate links with the “adv” subdomain.

    Of course, JBP also continues to drive traffic through the related BigBooster.com domain, which in part is trading on the name/image of Warren Buffett.

    We’ve previously reported that JBP also was trading on the names/images of Oprah Winfrey and “Mr. Spock” of Star Trek fame.

    We also reported that YouTube had blocked certain JBP videos from loading on the BigBooster site, but JBP now appears to have solved that problem by self-hosting the videos on a subdomain styled “static.”

    There also is a subdomain styled “blog” in which Frederick Mann explains the criminal, Enron-like accounting deception he uses, which apparently is dubbed “DAMM” and stands for “Double Asset Money Multiplier.”

    That’s a mind-bender that, in itself, triggers projectile-vomiting — but here is how Mann is quoted as explaining DAMM:

    __________________________________________________________________________

    ” . . . DAMM is essentially a ‘clever transaction’ that creates two assets without any corresponding liabilities! It violates the ‘rules of accounting’ but it’s for real! . . .

    “Every ‘high-return passive’ program is subject to an ongoing buildup of obligations or liabilities. Eventually a point is reached where the daily payouts become ‘too big’ for the program to handle. This could be called the ‘kill point.’ At this point, the typical program owner closes the program down and disappears. Members lose all the money they still have in the program.

    “JSS-Tripler has a ‘Restart Feature’ (RSF). When the kill point occurs, JSS-Tripler is essentially restarted as a new program. ‘Old’ positions are ‘wound up’ by paying members partly in cash and partly in JSS positions. So RSF creates a ‘fresh start.'”

    __________________________________________________________________________

    Longtime readers will recall that the AdViewGlobal (AVG) autosurf sought to solve the equivalent of its “kill point” by moving “VIPs” (ad packs) off the books, piling them up in a corner and pretending they didn’t exist.

    We described this as “autosurfism” here:

    http://patrickpretty.com/2009/06/19/capitalism-communism-socialism-is-autosurfism-next-members-say-adviewglobal-surf-considering-bailout/

    What AVG members witnessed — and what JBP members ARE witnessing — is just plain criminality practiced on a global scale. It is dangerous in both a financial sense and in the sense that the criminality is being driven by conflated realities and delusional thinking.

    What make it particularly dangerous are these elements:

    * The criminal networks have the ability to tap into local banks and payment sources all over the world, creating “inflow.”

    * Any “outflow” that occurs from the “programs” back into the bank/funding accounts of the participants results in deposits that are tainted, a circumstance that affects not only the banks/funding accounts but individuals and entities downstream. The collection plate at a church, for instance, could become tainted by money from a “program” or “programs.”

    * Extremely dangerous people — terrorists, criminal gangs, criminal combines, organized groups of extremist “sovereign citizens,” etc. — could be among the participants.

    Given the presence of JBP on the criminal Ponzi forums such as MoneyMakerGroup and TalkGold, there can be no doubt that its revenue stream is polluted by tainted proceeds to the point the river is practically glowing from radioactivity.

    There also can be no doubt that any number of radioactive streams are flowing back into the original funding sources.

    Radiation to this degree kills things — and yet the Ponzi-forum shills cheer on and post their “I got paid” posts even in the wake of the CONSOB action.

    At least one of them — “10BucksUp” — was affected by the CONSOB action involving Club Asteria. Now, CONSOB is taking an action that affects JustBeenPaid.

    What does “10BucksUp” do?

    Why, he fires up an “I got paid” post ($92) on MoneyMakerGroup — while another shill opines that the CONSOB action is fundamentally meaningless and plants the seed that the best way to proceed is to sue the PP Blog.

    Of course, “10BucksUp” does this in the wake of his previous challenge for a “Secret Service/US Seal/intergalactic commando force” to swoop in to arrest him, a challenge issued AFTER the Club Asteria-related CONSOB action and his previous prompt for JBP members not to file AlertPay disputes because the disputes could mean trouble for the “program.”

    Meanwhile, a TalkGold JBP shill who rationalizes his participation in global organized crime by calling himself “WallStreetIsAPonzi” observes that the PP Blog is an “attention-seeking whore” who should “kiss” his “behind.”

    “I dont care what the CONSOB or whatever says because I am not an Italian,” WallStreetIsAPonzi announces.

    http://patrickpretty.com/2011/09/13/update-club-asteria-cherry-shares-justbeenpaid-promoter-10bucksup-falsely-claims-pp-blog-posts-as-ispy-on-moneymakergroup-ponzi-forum-hyip-apologist-taunts-u-s-law-enforcement-in-biza/

    It NEVER stops. The script NEVER changes; it only becomes more delusional.

    http://patrickpretty.com/2011/09/06/update-club-asteria-pitchman-and-talkgold-promoter-10bucksup-declares-that-filing-an-alertpay-dispute-to-recover-money-from-yet-another-tanking-hyip-scheme-drastic-measure-that-will-cause-a/

    It’s worth noting that, like the sort of garden-variety Ponzi shills who occupy the forums and complain about the PP Blog, Bogdan Fiedur of AdLandPro previously suggested that the best way to proceed was to sue RealScam.com, an antiscam forum that spotlights various forms of mass-marketing fraud.

    Patrick

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  7. admin: “WallStreetIsAPonzi” observes that the PP Blog is an “attention-seeking whore” who should “kiss” his “behind.”

    Now THAT’S an image I’d pay good money to have removed from my brain.

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  8. It appears that the Talkgold forum itself took the action of removing a post linking to your article and issued a warning to the person that posted it. That seems to indicate that there is a vested interest on the part of Talkgold in keeping people from wiping the lipstick off this pig!

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  9. Hello laidback,

    It will be interesting to see how many of the (thousands?) of JBP/JSS Tripler promoters will inform their recruits/prospects about the CONSOB action.

    That is information recruits/prospects need to know and, if the current crop of serial scammers deny them access to the information, declare it “nonsense” and continue to display willful blindness, there could be serious consequences for both individual promoters and the scammers-in-chief.

    One of the reasons some of those folks detest this Blog is that it shows law enforcement and the rule of law in a favorable light. That is anathema to them. Some of them need a bogeyman to thrive. There is virtually no intellectual honesty in anything they say, and the their stories constantly shift to accommodate unpleasant fact sets.

    Here is one way to look at any JBP/JSS Tripler promoter who ignored the CONSOB announcement after earlier agreeing to terms that included an affirmation they were not government spies or media lackeys:

    Co-conspirators in an organized scheme to defraud.

    They are vulnerable to prosecution at international, national, state, provincial and local levels — civilly and criminally.

    Patrick

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  10. admin: They are vulnerable to prosecution at international, national, state, provincial and local levels — civilly and criminally.

    IM(very)HO, anyone who thinks the day it happens isn’t drawing ever closer is in for a very rude surprise.

    It’s one thing to stay under the radar, but even the laziest and/or most reluctant regulators cannot fail to act when the fraudsters are as openly defiant as they are currently.

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