Thread: Global Pension Plan

Originally Posted by kalin

Well if they do not have licence how they are legal then.If i do not have licence to sell alcohol,but sell it agency come and simply fine or arrest me.If the Goverment agencies can not find sometning illegal in GPP what does it mean-its either you are wrong calling them scammers or agency itself is scam.I know that bashers do not like it:) but explain it if you can.And again Mr Platt if there is not such thing as reverce pension plan why agencies can not find it illegal and warn people.Come on contact Lynpre maybe he will come up with some ideas:)

GGP are not legal.No Government agancy has conducted a full investigation as yet.

Amen.

Originally Posted by karinc

Also, some people seem to not know how this works; how they can pay out so much...Here is an explanation that I wrote here on the forum when the program started:


Here's some additional info I got about it from a fellow Swede. I have tried to translate it into English
-----------

It's a kind of pension insurance, "�Endowment Policy"
which is common in Great Britain and certain other parts of the world but that is totally unknown of in other countries e.g. Sweden and USA


When the insured person reaches a certain age, in this case 67 years, a one-time payment of $200 000 is paid to the owner of the insurance (the owner does not have to be the insured person)

Payment happens whether the insured person is alive or not. But the insurance can also be sold anytime before �payment date�. This is very common in for ex. Great Britain where it is considered as a valuable paper like shares or bonds. This kind of insurance is even traded on the London stock market.

Among big investors this is a very interesting investment form. In this case we are talking about 12 billion dollars. If you have that kind of money to invest it is not so easy to find good and safe investments. Therefore, a big post of �Endowment Policy is very attractive.



There are other advantages for an investor with �Endowment Policy�. If he wants, he can immediately sell some of the insurances with a profit at the London Stock Exchange. He can also choose to keep the insurances and use them as a security for bigger loans that can be used for other investments.
If the insurances are owned by a trust or company they can declare the whole payment that will be paid as an asset already from the beginning. That means a higher value of the company with advantages as a higher credit rating etc.


Now they have made it possible for 100 000 persons to receive such an insurance for a one time payment of 35$ that you will get 55 000 for. There have been other similar programs previously that have paid as promised.
---------------------------------------

For each person that joins the GPP an �Endowment Policy� is started. It will pay 200 000 when the insured person (you) reaches 67 years. Each insurance costs approx. 41 000 USD (calculated on an average age of 34 years) This premium is paid by the finance institutes that finances the whole program.

They also pay 55 000 USD to every member for the right to sign an insurance on the member. But it is not the insured member but the financing institute that is beneficiary of the insurance and receives the 200 000 when due (unless he has sold the insurance before). On top of this the financing institute pays 24 000 for referrals

So the financiere (?person that pays) pays:
41 000 USD as a premium
55 000 USD as compensation to every member
24 000 USD in provisions/ referrals.

As a total, the �financiere� (what IS the correct word??!?) pays 120 000 USD for each insurance. In return he gets an insurance that is guaranteed to give him 200 000 when the insured person reaches 67 years (or would be 67 if dead before) .
You can read about the other advantages he gets in my earlier post.
The 35$ it costs to become a member goes to the cost it takes to administer the program before it pays and also includes an anonymous debit card.

(now it's Euro, though, not USD)

Best laugh I have had for ages....I work in this market in London and can assure every one this is a total joke......

FACTS

If you could purchase such a plan a $41k premium would purchase at best say for a healthy 21 year old a guaranteed plan of circa $35k so you would lose money from day one....

You trade your endowment in the TEPS market when the Sum Assured with bonus has equalled the premium paid...this is normally 5-7 years which for anyone who has actually read a TEPS contract on a TEPS site will have wondered why they only quote on plans that 5 years or older.

The reason why these plans can be used for Mortgages is because the Mortgage is secured on the property the plan is just a repayment vehicle....

With out going into the ins and outs of how Endowments work which I did months ago…all Endowments funds are really suffering and actually paying out less than current high rate fixed interest accounts, in the UK its deemed as bad advice to advise anyone to take these out and in fact that are only offered as children’s savings plans by Friendly Societies as these attract a tax free status which offsets the poor returns..

This is marketed like most scams as an opportunity that’s normally only for the rich …. I see investment portfolios for very wealthy people from UK premiership footballers to inherited wealth and the common denominator in investing for high returns is by taking a risk in the most tax efficient way…the reason why the rich get richer is because they have access to experts and the surplus cash to risk.

With regard to opportunity I think it was Thomas Edison who said “the reason why most folk miss opportunity is because it comes dressed in overalls and is called work”…

Look, one can perceive the simple and common sense way or go around the bush having that "halo" hovering your head and at the same time, dispelling all guilt as you continue to pretend that your perception and indeed participation is legal...

Fine... why don't we address your mentality with basics??

Would you open a Bank account for your piggy savings if you are smart enough to understand, that the Bank or so called "the Banker" acting on behalf of a "name" that's nowhere to be traced, promised you everything including your jackpot after the sky... is far from anywhere near being trustworthy?

Don't kid oneself or try dragging any other with one's fallacious reasoning... we have to date, strange stringfellows like Stella, the likes of Lennie, Jon, Warren English and the others so far led by two incredible posters ... Chico, ridiculing oneself more than once and equally more so who is now mysteriously silent...., Moncheri.

I wish that one Nigerian Govt spokesman will extend his energy beyond his country... by going across his boundaries and after the Scammers... whether proven or otherwise based on the hallmarks and he's going after the victims too as reported, for failing to recognize how one can become greedy and a "BIG i d i o t" as well to expect a payout from pathetic promises....

I hope to track down that report and will paste it here.. if any other has seen/read it and wants to do it... be my guest.

KarinC has a point there regarding identity or theft surrounding it while the whole Swedish country is as by default, subjected to openly b r a n d i s hing their ID's... but we are NOT referring to that open identification with a stroke of fear from strangers... oh noooo, that goes to show, how little one is actually aware of the deep-rooted sinister & long term usage & abuse that is applied in a multitude of ways...

So have we here, by us & in other EU States but that didn't solve this simplistic reasoning about what's this big deal after all with all these scare mongering fears to safeguard our precious ID???

What LynnRE is emphasizing is only the tip of the iceberg... if you are adamant that everything is alright and no fear is needed but just go play & participate along.... heck, its only some 30 odd bucks!!!, right? What's all the hype here for?

Surely you can afford it just like a free dream...? Its OK... no real harm done etc... well, its a choice you took and made.

NO ONE is depriving you of doing what you want but once your logic & hole-riddled arguments are not holding and you go about "trying" to convince wandering & questioning innocents as otherwise... that it is all BS coming from these negative chorus of bystanders (coz the entire GPP lobby is not standing idle on this but still chose to remain incognito and from absolute anonymity) that is when, you had better watch your Achilles heels...

GPP has found a cunning way round the Nigerian 419 scam fraud.

Internet
Nigerian Diplomat: Jail E-Mail Fraud Victims for Greed
Tom Corelis (Blog) - August 25, 2008 1:05 AM

High Commissioner stationed in Australia takes victims to task for their role in supporting mail fraud


Professor Olu Agbi, the Nigerian high commissioner stationed in Australia, says the perpetrators behind his country’s e-mail based financial scams aren’t the only one who should be punished -- the victims, blinded by their greed and excitement, should be thrown in jail as well.

According to the Sydney Morning Herald, Agbi’s comments came from a Thursday-morning report accusing Nigerian fraudsters of scamming Australian citizens out of nearly $3 million a month – or almost $36 million a year.

Nigeria receives a “bad image” as a result of its reputation as a haven for e-mail, mail, and bank fraud, says Agbi, and those who wish to do legitimate business with his country are “always very suspicious.”

“The Nigerian Government frowns very seriously on these scams … and every day tries to track down those who are involved,” he said, noting that less than one tenth of a percent of the country’s 140 million people are involved in any kind of scamming. “It is not in the character of Nigerians to be engaged in this kind of scam.”

Rather, he says, the people involved at the receiving end of Nigerian scams – “greedy” Australians, in his words – should be arrested as well, for their role in supporting Nigerian-based scammers who find their marks around the world.

Around the world, figures on losses from “419 fraud” vary wildly. A BBC report published in 2006 said the UK loses around £150m ($278m USD) per year to Nigerian mail scams, while the US-based Internet Crime Complaint Center’s annual Internet Crime Report revealed that just over one percent of the complaints it received in 2007, totaling $239m, came from 419 scams. In almost all cases, the average losses per victim tend to hover around a couple thousand dollars.

“People who send their money are as guilty as those who are asking them to send the money,” Agbi said.

Detective Superintendent Col Dyson, head of the New South Wales police service’s fraud squad, expressed willingness to work with the Nigerian government on an education campaign for warning potential victims, which he likened to gambling addicts – addicted to the thrill of a large possible windfall.

“The bottom line is.... anything that sounds too good to be true is too good to be true,”

said Dyson.

Originally Posted by Dreamer

GGP are not legal.No Government agancy has conducted a full investigation as yet.

Amen.

Hmmmm-may i ask why:)makes me laugh again.Full investigation for not even 10 web pages which will take every finansial specialist 5 minutes to call it scam.Laughinggggg.Interesting how do you know that no goverment has conducted a full investigation as yet-another laughhhhh:)You want to tell me that agencies are not called about this at least 10 times-tre program is here from 3-4 years.Men you make me laugh again-see if you do not know the answer there is not need to reply:)Or if the answer is not the one you want to be

Glad you're so easily amused. Why would a government agency bother? Any insurance man, such as Berty who posts here, will confirm that there is no such thing in the sense that we are discussing here.

Originally Posted by kalin

Hmmmm-may i ask why:)makes me laugh again.Full investigation for not even 10 web pages which will take every finansial specialist 5 minutes to call it scam.Laughinggggg.Interesting how do you know that no goverment has conducted a full investigation as yet-another laughhhhh:)You want to tell me that agencies are not called about this at least 10 times-tre program is here from 3-4 years.Men you make me laugh again-see if you do not know the answer there is not need to reply:)Or if the answer is not the one you want to be

Amen.

Originally Posted by karinc

Ok, now I have read back a little...LynnRe, are you in GPP?
If not (which I think you aren't), then why bother with discrediting it? Do you think that you are like an oracle, and that we need to be protected from ourselves?

I see that you are very critical to a lot of programs...so please, tell me which programs you are in! They must surely be GREAT programs...

Gee wiz...

And the thing about identity theft - don't you think there are easier ways to do that in case that's what you are after? In Sweden the thing to identify us is our personal number (something like your social security number) .If you have that, you can find any info about you. the thing is, though, that we use this number for EVERYTHING!!!!!
If I rent a DVD I have to give it, if I call my book club I give it, if I go to a bar and pay with my credit card I give it...Heck, even to get IN to the bar, if they think I am under age!!! (unfortunately; THAT doesn't happen me any longer...)

So WHAT is the big deal about giving out a number that anyone can find easily anyway???

Since you asked, no I am not a member of GPP. My reason for posting is not for those who had already become a member of GPP, but to those who had not. I was warning them of the pitfalls of believing this absurd premise is even remotely real. From what the E-mails and PM's I have received, I can say that I was able to do so.

What people are conveniently overlooking in sending their documents to a contrived E-mail address is this. You have just provided over 100,000 personal documents with personal information contained therein in one complete database file. Scammers are not going to use this information right away. They will wait a while before they try to use it. The amount someone could get on the black market for a database of 100,000 verified documents is worth millions. If it is no big deal about your personal information, then post all of it here on this forum. After all, no-one can do anything with it...right?

As for what programs I am in, they are all from real companies, with real addresses, with real phone numbers, with real fax numbers, with real people who answer the phone, and have the required registrations, licenses, and certifications to prove they are legitimate. Any investment I participate in I know is in legal compliance with all regulatory agencies world-wide.

The fact that people would send money to an anonymous company, with no address, no phone number, no registration, a person who uses an anonymous E-mail account, an anonymous insurance company, and an anonymous banking institution is mind boggling. You don't even know who Stella really is. Stella could be a man, or more than one person. You cannot prove how many members there are in GPP. You cannot prove how many documents really have been sent. You cannot prove anything about GPP and this so-called program. Yet, this is the real deal.

Now that I have posted, it is time for Chico/Lennie to come and say how I only have half the story, they cannot post the real information because the naysayers will destroy this program and keep it from paying out, this is no different than playing the lottery, only those in the know like Chico/Lennie, Jon, Warren English, and a few other select indiviudals really know all the details and know it is real mantra we have been hearing for 3+ years now. But the good news is karinc you can still buy more policies.

Originally Posted by LynnRE

Since you asked, no I am not a member of GPP. My reason for posting is not for those who had already become a member of GPP, but to those who had not. I was warning them of the pitfalls of believing this absurd premise is even remotely real. From what the E-mails and PM's I have received, I can say that I was able to do so.

What people are conveniently overlooking in sending their documents to a contrived E-mail address is this. You have just provided over 100,000 personal documents with personal information contained therein in one complete database file. Scammers are not going to use this information right away. They will wait a while before they try to use it. The amount someone could get on the black market for a database of 100,000 verified documents is worth millions. If it is no big deal about your personal information, then post all of it here on this forum. After all, no-one can do anything with it...right?

So you mean that by getting our names and birthdates they can steal our identity? Then why not just look it up on the net? Just as easy... And yes, I could easily post my info here, but you have no use for it! So why do it? On the other hand, GPP needs it to know that I am a real person - that I haven't bought a plan for my dog etc. And what do you mean by "verified"? It's just a copy! Doesn't have to be notarized or anything like that.

As for what programs I am in, they are all from real companies, with real addresses, with real phone numbers, with real fax numbers, with real people who answer the phone, and have the required registrations, licenses, and certifications to prove they are legitimate. Any investment I participate in I know is in legal compliance with all regulatory agencies world-wide.

Ok, so can't you tell us (me) which ones they are? I need some good investments. You can PM me if you want. Btw, how much do they pay?

The fact that people would send money to an anonymous company, with no address, no phone number, no registration, a person who uses an anonymous E-mail account, an anonymous insurance company, and an anonymous banking institution is mind boggling. You don't even know who Stella really is. Stella could be a man, or more than one person. You cannot prove how many members there are in GPP. You cannot prove how many documents really have been sent. You cannot prove anything about GPP and this so-called program. Yet, this is the real deal.

Of course we can't KNOW!!!
However, GPP (and I think the whole net program "industry") is for the people that want to risk something to MAY BE earn more!
People who either just think it's fun and interesting and/ or want to find a way to earn extra money, or for people (like me) who just never have enough money. It really wears on you when you have to struggle all the time, year after year, to be able to pay your bills. And what, buy clothes? What's that? I haven't bought ANYTHING, not even socks, for over a year. Thank goodness my ex husband buys the clothes for the kids...
Then something like this comes, and you (me) are willing to try it, just like I would buy a lottery ticket a couple of times / year. I know I might lose the cost of the lottery - but it gives me HOPE that MAY BE, just MAY BE, I win...and that would change my life.
The same thing with these internet programs...I know that probably 98% of all programs are scams...and believe me, I have learned the hard way...BUT there ARE also programs that do work! And even if they work, I know they won't last forever...but WHILE they do, I can "breathe"...

So please understand, that we, who choose to believe (or hope) are not just simply i d i o t s. And please, don't treat us and talk to us as if we were. We are as intelligent as the next person. We may have a different "risk tresh hold" (is that the word in English?) but most of us are fully aware of the risks, and the chance that it is a scam. The difference, though, is that for us (or at least me) it is worth the risk to get HOPE. Hope is what carries me. If I didn't have at least the HOPE of GPP, or the dinars revaluating, or...etc, then I would not have the strength to keep living and trying. If I KNEW, beyond the shadow of a doubt, that NOTHING would work out, then I would give up. I have been so close to just giving up so many times, but I keep living because of my kids. I still think that a live, broke, depressed mom is better than a dead one.



Now that I have posted, it is time for Chico/Lennie to come and say how I only have half the story, they cannot post the real information because the naysayers will destroy this program and keep it from paying out, this is no different than playing the lottery, only those in the know like Chico/Lennie, Jon, Warren English, and a few other select indiviudals really know all the details and know it is real mantra we have been hearing for 3+ years now. But the good news is karinc you can still buy more policies.

Yes, we can, but the main objective now is to get the people who ARE members to send their docs in. Not to find new ones! Besides, I think it is a little late to fret about the docs now - the people that signed up KNEW that they would have to send it in. It even said that do NOT sign up if you are not willing to do that! So, to pull out now is not fair to the people who have done their part, and who have waited three years for this to complete.
And that was the purpose of my original post in this thread - to reach out to the MEMBERS, not to get new ones!
/K

karinc: In regard to the identity theft issue, thought you would find this article most interesting:

Personal details of more than a million bank customers have been found on a computer sold on eBay.

Highly- sensitive information on American Express, NatWest and Royal Bank of Scotland customers was stored on the machine's hard drive.

It includes names, addresses, ****** phone numbers, bank account numbers, sort codes, credit card numbers, mothers' maiden names and even signatures.

'A thief's treasure chest': Andrew Chapman with the hard disk drive he bought on eBay containing the private bank details of more than a million people

It was described as 'a data thief's treasure chest', with everything a criminal needs to assume a customer's identity - and clear out their bank account.

The massive data loss - one of the worst ever in Britain - is a clear breach of the banks' obligation under the Data Protection Act to keep all personal information secure.

Coming just days after the Home Office admitted losing the details of 127,000 criminals, it is certain to fuel public concern about how Government and businesses look after our secrets.

Last night it was revealed that a second computer from the same site has gone missing, meaning yet more information could have leaked.

IT security expert Adam Laurie said: 'This is appalling. This information is worth millions - a thief could easily use it to go on an enormous shopping spree.'

So, if this is common knowledge to anyone about their personal information, then why all the big fuss about this potential exposure? I mean, if every time you use your credit card you are exposing yourself to identity theft, so it is no different providing your personal information to an unknown entity, person, organization, right? In case you missed it, go back and read that last quoted sentence above again. Guess it is a big deal after all.

As to what investments I would recommend, I am not a licensed broker to be able to give out that advice. Just because I am in a program does not mean it is the right one for you, or you should join. To properly answer your question, if I were a broker, I would need to know the following information before I would be able to address what would be the right investments for you:

1. How much money do you have to invest? 2. What is your risk tolerance? 3. What are your current investments? 4. Why do you want to make changes to your current investments? 5. How is your current portfolio weighted? 6. Are you looking for long term or short term gains? 7. Can you qualify for a commodity or forex account? 8. Are you interested in options trading? 9. What is your investment IQ? 10. Is the money you have available for investing disposable income (meaning not required to meet every day living expenses)? 11. How frequently will you be investing? 12. Are you willing to change your portfolio direction quickly? 13. Where do you live (makes a difference in what you can and can't invest in)?; and those are just for starters. Investing take time, dedication, education, commitment, and resources.

I actually provided this information, as well as many other topics in a thread here a while back. It has been so long ago now, that I forgot what the name of the thread is. It might help you to find it and read it. But then again it might not. Your call.

Wish I had more time, but I don't. Good luck with whatever you do.

I see Stella's trying to flog some policy's on the cheap now.