OK all you Brits, fess up. What was in the Daily Express article? It is not in their online version of the paper. You don't have to copy and paste the entire article, just tell us the significant parts.....Please. Inquiring minds want to know, and if they don't I do. LOL!

the article you're referring to maybe found in another forum, lynnre. At the risk of highjacking the post, all I can say is, the forum starts with a TAL*****. I haven't fully digested the article, but needless to say, the comments were not flattering to GPP. I'll have to get back to you.

Some five years ago scammers used a scheme where they said something like:

"I have 2,000 gold bars, Christmas ornaments (or something else). I sell them now for $25 and when they are all sold, I buy them back for $2,000."

Nobody ever asked how somebody could generate $4,000,000 with $50,000 in just a few weeks (the time it usually took to sell these 2,000 items) and surprisingly the websites disappeared when it was time to pay out.

Here is an example which I found on a forgotten webpage (I actually lost $50 on this back then):

http://jollyroger.com/zz/ybusinessd/NewVentureIdeashall/cas/14.html

Gradually people realized that these "investment programs" were all scams and they died out.

However, it seems that they are back now, in a larger scale, under the name of "Reverse Pension Plans".

The article wasn't that expansive really. If I've still got the paper I'll try and scan it tonight or something.

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EASY MONEY: Get rich quick schemes are nearly always frauds

AN INVESTMENT scheme that promises to turn €30 (£22) into €55,000 bears a striking resemblance to a scam, according to experts.

The Global Pension Plan scheme which claims in its marketing literature is a "brilliant" project could rip off 100,000 unsuspecting victims, making millions in profits for the organisers if it proves to be a con. It appears to work like a pyramid scheme, where each new member is encouraged to sign up more joiners. To help attract recruits, the scheme provides a glossy brochure which explains how they plan to turn €30 into €55,000, using members' names to buy and then sell insurance policies. It is not registered with chief City watch¬dog the Financial Services Authority and the main organisers are not contactable; each member's only point of contact is the person who recruited them.

Des Fitzpatrick at the Office of Fair Trading Scambusters team says:

"The emphasis is on the small amount of cash needed from each investor, which is often the case with scams."

"The scheme is unregulated, so it offers little protection against losing your money. The people behind the scheme are anonymous, which gives no way of assessing who is in charge. They have put forward what appears to be a simple version of a complex issue, based on a number of assumptions. One potential problem is that investors may not qualify for the 'endowment' needed to make the cash return that is promised."

"We advise consumers to be cautious before entering schemes like this."

The scheme requires members to provide identification such as their birth certificate or driving licence, which opens up opportunities for identity theft should the scheme turn out to be fraudulent.

Tom McPhail, the head of pension research at Hargreave; Lansdown, says:

"If anyone is tempted to invest in this, they shouldn't. I looks like a scam."

"It has all the hallmarks of a scheme designed to relieve the unwary of their hard-earned cash: for example, the outrageous rate of return required -183,233 per cent over six months - as well as the fact that the scheme refers to a respectable investment: endowments."

"But what these people say they are selling is not an endowment."

"The e-mail address at the end, Hotmail account, is not exactly credible either."

The Global Pension Plan website now says registration will close at the end of the month.

Cheers Dreamer, saves me the effort!

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but, the thing is... that they only say it LOOKS like a scam. Why don't they say it is DEFINATELY a scam? Know what I mean? Anyhow, logically speaking I do agree with the idea that much of a profit doesn't compute.

Well, "If it walks like a duck and it quacks like a duck, then most likely....."

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quack,quack.....

As an official body they would be constrained from saying it was a scam until they have identified quite positively all the facts. But it's really like circumstantial evidence which is certainly enough to convict in this case.

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