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Dreamer · #**711** (**permalink**) 21-10-2007, 05:44 AM

Quote:

Originally Posted by velvet

I have yet to earn anything at all in the programs that I have joined. Everytime that I am getting close to earning some money someone runs away with all of it! I've gotten to where I don't believe anyone and wonder if anyone really gets anything!!!

Investing in HYIP'S and so called internet "investment programmes" , is like playing Russian roulette with 5 bullets.

As for the GPP latest suprise,why would anyone invest more when the first plan hasn't even paid out ? Perhaps a few more ****s need greasing.....

whadyano · #**712** (**permalink**) 21-10-2007, 07:15 AM

Quote:

Originally Posted by Owen Platt

She's got a great idea! Send more money while you're waiting!!!!!

Dear Members of Global Pension Plan,

We know you have been impatiently waiting for this update. This is the one
we promised you a few months ago.

Today is finally the day of this special and long expected announcement.

We think, (LOL!) we have some fantastic news for you and we are proud to tell you.

During this summer (I thought that they extended their end date because they still had not obtained the 100,000 "qualified" investors at the end of August?)we have received some interest from private and institutional Investors.
Negotiations have gone smoothly and based on the financing of the investments we have now this wonderful announcement to make:

All Members hereby have the chance for

MULTIPLE POLICIES IN GPP!

Yes, it is true. We have made it possible for you!

Ever since we started Global Pension Plan we have received daily requests from our members that they would like to purchase more than one policy. Unfortunately we had to turn them down each time. (I doubt that you received such, but if you did I do not see the turn down as "unfortunate", more like a favor, which I doubt would ever happen intentionally!)

But now, thanks to the additional funding from these investors mentioned above we can now offer our members this opportunity to purchase multiple policies. (Wow, an opportunity to spend more money on something that has delivered.......?????)

This is a giant step for us(Yep!) and an incredible chance (Yep, again!) for every single one of you.

Now of course there are certain rules to be applied which we hereby announce so that everything is really fully and absolutely clear (LOL! Who would want it any other way than "really fully and absolutely clear"!) right from the beginning.

Please read this very carefully, as this contains everything you need to know:

1. Purchasing multiple policies is completely optional and offered as an additional benefit (What was the first benefit?) only to those that want to have more than one policy.

2. The costs have been determined to be 20 EUR per additional policy (not 30 EUR as for the first policy/membership). This also includes the processing fee that we have to pay ("If", and I am playing along here, it is included, then I guess that you really do not have to pay it afterall, since it appears that I will be.) for the insurance company.

3. Ordering: Additional policies are only available in your own member area. You must be an existing member of Global Pension Plan. You cannot purchase additional policies for other members with the gift coupon.

In your members area click on the link that says "Additional Policies" and you will discover the ordering
options on that page.

4. Payment Options: At this time we accept the following payment options for purchasing additional policies:

- Liberty Reserve
- C-gold

5. Compensation Fee will be the same as for the first policy/membership:

- Aged 27 or under: 110,000 EUR

- Aged 28 or over: 55,000 EUR

6. Loyalty Program Rewards: Yes, this is really true! Please be aware that an additional policy enables you to also earn an extra commission on your referrals. So if any referral in your 12 level downlines purchases an additional policy, you will earn an additional 2,000 EUR Loyalty Program Reward.

Although you will not be able to see which member in your downline has bought how many additional policies, you will however always see the total amount of your earnings on top of your referral downline.

7. The Limits to this offer:

We have a limit of 250,000 additional policies altogether. This would work out to an average of 2.5 additional policies per member. We appreciate that not everyone will be purchasing additional policies, but on the other hand we have had requests from people that would have liked to purchase far more than 2 or 3 policies.

Once the additional 250,000 policies have been used up we will disable the order form and you will not be able to purchase any more policies.

The launch of these additional policies will not delay us even if not all of them are sold until the schedule closure.

While many members will take advantage of this offer, we strongly recommend all members to re-check their profiles in the meantime and complete them if necessary. We still have members with incomplete profiles.

Here again for every one:

A profile is complete when it contains

- Full name
- Correct Gender
- Date of birth
- E-Mail Address
- Full Address including country

It is simple, isn’t it?

So here you have it! Take advantage of it in every way you want!
(Are you speaking to the members or the Program administrators? LOL!!!) Just adhere to the above rules and all will be fine. (Fine for??)
Regards,
Stella

I certainly hope that the members of this program will recognize that they already lost their initial investment and that they would be foolish to continue giving to such a scam!

I doubt that they reached the 1st 100,000, but even if they did, has anyone
done the math on what they took in?
Personally, I think that they did not reach the 1st 100,000. because if they
had, you would not have seen the plead for additional funds.
But then again, I think that we have seen a few "stupid/greedy" ones that
did stick around a little too long...............

Regardless, make your own decision and watch the outcome, if it ever comes!

Owen Platt · #**713** (**permalink**) 21-10-2007, 10:58 AM

Intriguingly, Chicosan who claims not to be a member of GPP, appears to be acting as their spokesman on another forum, having asked questions of the mysterious Stella and received satisfactory answers or so he claims.
Now how can you do that unless you are a member or possibly the promoter?
I wonder will Stella answer my questions?

kalin · #**714** (**permalink**) 21-10-2007, 11:15 AM

Quote:

Originally Posted by LynnRE

kalin: I am not "menthal" at least not yet, at least I don't think so. I am not making fun of you because I know you meant mental. I am just joking with you. Of course this is optional, and you are not required to do it. But let's get real here. Now how many do you think will not take advantage of this new opportunity? After all is it just another mere 20 Euro, and you can have another 2.5 policies average per member. It is impossible to "qualify" 100,000 policies let alone another 250,000 policies.

Just so you know, I was a senior ****utive with one of the world's top 25 insurance companies, and there is no way even they could process 10,000 policies let alone 100,000 policies. Now what makes you think any insurance company could process another 250,000? What I am explaining is these policies do not exist.

Numbers don't lie, only people who use them do. If chicosan was so right, then why isn't he here defending this program? Makes you wonder why doesn't it? I think it should. Believe me, if chicosan was so sure on this, he would have been here all over my post. His absence speaks volumes.

I said a long time ago they would be back asking for more money, and here they are doing it. If this isn't shut down, they will be back asking for more in the future; or they will have fleeced all they need and have disappeared.

So lets get real here-lets say you bought a police from then and they said you can buy more.The obvious thing is that everybody will say-let them pay for the first one and after we can buy more.You really have to be very naive to buy more.So lets get real-these policies will be handled separetely.Its mention there but is so easy to concentrate on the negative.I do not know whether these policies exist or not-my point is not to twist the information.You are telling me that was joke-so why do not consider all Chicosan posts are jokes like yours.You are good at twisting the things i can see that which i suppose is good wnen you work for sharks.Just be honest men its not so much

njd2004 · #**715** (**permalink**) 21-10-2007, 01:46 PM

Well, if there were any doubts that this is a scam... surely there aren't any more.

The shame is there will be many people who fall for this 'tremendous' offer!

Time to walk away and forget.

LynnRE · #**716** (**permalink**) 22-10-2007, 05:58 AM

Kalin:

Let me give you a course in Insurance 101. Now I am only going to touch the surface with what I am about to explain, but to cover it fully would take a book or more.

First, there are 2 kinds of insurance companies. A stock company and a mutual company. They differ by who owns the company. Think of it as the difference between a bank and a credit union.

For every policy that an insurance company underwrites (means issued), they have to set aside reserves against future payouts. Not all policyholders will live until the end of their policy. Insurance companies know how many people will die in a given year, they just don't know who.

Each policy that is issued has a premium charge. This premium is less for younger people and higher for older people. This just means that with a younger person you spread the risk of the person dying before the expiration of the policy over a longer period of time, while an older person has fewer years to spread the risk. Hope you are with me so far.

It makes no difference what type of insurance policy is written (Life, Health, Accidental Death, Endowment, Annuities, Pension, Disability, etc.), the insurance company does not get to keep all the premium that is paid. They establish the premium amount on the term of the policy, they type of policy issued, the face amount of the policy (dollar amount of the policy), the age of the policyholder, administration costs, and reserves that have to be set aside required by law.

All insurance companies are regulated either by country, or as in the United States by each of the 50 states. For an insurance company to do business in all 50 states in the US, they have to comply with 50 different set of rules and regulations. While many are similar, each state does have different rules and laws that must be adhered to or they canot issue a policy in that state.

This notion that there is a public program, and a private program does not hold water. An insurance policy is an insurance policy no matter who is offering it for sale. The dollar amount of the amount insured (face value) does not change from it being a public offering to a private offering. Each policy will have a different value based on the age of the person insured, the term left in the policy, and the amount of the policy. The reason why some of these policies are for sale is that the surrender charge will be too costly to the insured to cash in their policy. Insurance policies have a sliding surrender charge. It is always 100% in the early years of the policy and then begins a sliding scale downward as the years go by. Some disappear by year 10, some as soon as year 8, but many can run as long as 15 years before the surrender charge disappears. It all depends on the type of policy, the term of the policy still remaining on the policy in which premiums must continue to be paid, and the face amount of the policy. But premiums must continue to be paid by the person buying it, or the policy expires. The average return on these type of policies is very small compared to other type of investment programs.

Now for this program to be true, you are required to believe that all 100,000 policies are for the exact same dollar amount (called face value) of the policy. Now do you really believe that there are 100,000 pension plans that have the exact same amount of face value? Now you are required to believe that not only is this true for 100,000, but now for an additional 250,000 policies.

This is just one small part of what you are asked to believe for this program to be real. Now, if you still believe they can find 350,000 policies that are for the exact same amount that is being insured, they by all means sign up for as many as you can get.

Understand, what I have briefly explained here is just the tip of the iceberg of what is really involved in the writing and issuance of an insurance policy, how they work, and all the regulations they are required to comply with to even do business. Now you can call it concentrating on the negative all you want, but it is dealing with reality.

Besides you were trying to compare *****s to oranges in your post. Sorry if you cannot see that. Hope this helped.