Thread: DBR fined by Iowa Insurance Dept

Originally Posted by mdrumins

Hi everybody,

It seems the accusations are very strong. It also seems that BM would be able to explain that they are so very wrong! In life, there are so many cases of similar matters that are so very different when one examines them under a microscope! I suspect that BM is a genius who's program is much too clever for these "simple bureaucrats" to understand! However, we will need to have some hard evidence to oppose the huge tide that is growing like a tsunami against our leader.

Unfortunately, we know so little.

I have many connections, and might mount my own "psychic tsunami" opposing these allegations, and countering with allegations of how the huge banks are "abusing their power" by stopping funds going to so many charities, so many poor people, so many deserving causes, and how they wish to persecute a perhaps "Holy Man" from his "Ministry".

What do others think about such a campaign?

Michael

That is the best idae I have heard for ages Michael! They have got away with it for too long. They are very clever at deflecting the public anger against others.

That is why Bryan now finds himself the victim of abuse by people who do not understand that they are being led by the nose. All under the guise of "protecting the poor gullible public fromthemselves".

Time that the not so gullible who can see through their little ruses and deceptions started to fight back!

MichaelR

Totally agree, Michael!!

As I once stated hundreds thousands of members worldwide have online accts. in Malaysia, namely pending WT's and balances in Picpay. That means that all those funds LEGALLY belong to us members and to nobody else! Withholding for an "endless" timeframe (I think longer than 3 months) or even claiming those funds by BM (or any other agency) would be considered as theft and thus criminal.

Now what can WE do to claim funds back which are legally ours?

Originally Posted by michaelr

That is the best idae I have heard for ages Michael! They have got away with it for too long. They are very clever at deflecting the public anger against others.

That is why Bryan now finds himself the victim of abuse by people who do not understand that they are being led by the nose. All under the guise of "protecting the poor gullible public fromthemselves".

Time that the not so gullible who can see through their little ruses and deceptions started to fight back!

MichaelR

Originally Posted by Offshore-Wealth.com

Interesting,

The moment a company or entity collects the first payment for whatever investment, loan, it becomes an issue, and it is not related to the actual investment, it was the pooling of funds that started investigation, as well as the fact the owners of DBR fell under insurance regulators, so it makes no difference if 3% deal ever launched, it was the act of merely promoting it that was the violation and caused the subsequent fines to be issued on all parties involved, directly or indirectly. I would not be surprised to see them go after everyone in the pool with fines as well as many were also promoting it in Iowa.

Good luck to all, Mike

So, basically what you are saying is; if a company company brings out an idea and then a person on the other side of the globe starts to pool funds to be able to participate when/if that idea is put into reality, the company is due to receive fines from a state in US?

Sorry, I fail to see the logic in this...


/Picabooo

Originally Posted by picabooo

So, basically what you are saying is; if a company company brings out an idea and then a person on the other side of the globe starts to pool funds to be able to participate when/if that idea is put into reality, the company is due to receive fines from a state in US?

Sorry, I fail to see the logic in this...


/Picabooo

Who said gov. uses logics? (g)

I agree, it does not make sense, but that is the way it is. Simply put, you can invest anywhere you want, it is the entity offering the investment who is responsible for registering, and this is true in most countries, not just in the US.

DBR did not register, nor did Bryan, so as far as authorities are concerned, you are an illegal entity and you will be issued a C&D, or worse, a fine which is the case here. Usually if SEC or AG is involved, they simply issue C&D and await your default by not answering it, as was the case with Bryan, and then it goes to a default judgement, and if entity continues promoting, they will get hammered.

What made this case different was that DBR principals fell under the insurance licensing rules and regulations, meaning they should have known better, so no C&D, a fine is assessed immediately upon proof they were collecting funds for investment, which is clearly what was happening in this case.

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Who said gov. uses logics? (g)

I agree, it does not make sense, but that is the way it is. Simply put, you can invest anywhere you want, it is the entity offering the investment who is responsible for registering, and this is true in most countries, not just in the US.

DBR did not register, nor did Bryan, so as far as authorities are concerned, you are an illegal entity and you will be issued a C&D, or worse, a fine which is the case here. Usually if SEC or AG is involved, they simply issue C&D and await your default by not answering it, as was the case with Bryan, and then it goes to a default judgement, and if entity continues promoting, they will get hammered.

What made this case different was that DBR principals fell under the insurance licensing rules and regulations, meaning they should have known better, so no C&D, a fine is assessed immediately upon proof they were collecting funds for investment, which is clearly what was happening in this case.

Good luck to all, Mike

yes it is just another example of the powers that be, abuse of thier authority to collect something they are not entitled to because they claim jurisdiction over you or anyone else