Thread about an egold ponzi from a scam forum

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Posted: Jan 28 2005, 10:58 PM

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e-Gold Ponzi/HYIP Automated Scam Website by ITBook

I am offering a fully automated e-gold Ponzi/HYIP scam website. In case you're not familiar with a Ponzi, here's what it is:
Usually advertised as an investment opportunity, it is a scheme where "investors" are offered a certain percent profit for "investing" money. The latest investor's name gets put at the bottom of the list and their money is added to a pool. If there's enough money, the person at the top of the list is paid out. They are also told that if they get other people to invest money, they will be given a percentage of whatever their referals invest. In theory, after being paid the person tells all their friends that it actually works (with the incentive of a percent of their investment) and the website grows and grows. You can either stay legit (taking a cut of the investments) until it dies out, or you can wait until it grows and you have several hundred or several thousand dollars going through it, at which point you stop paying the "investors" and keep their payments from then on.

What my website does is automate the entire process - it keeps track of all of the payments, manages the money in your e-gold account, keeps a cut of the money for you, pays out investors, pays out affiliates, gives up to the minute statistics on your website, etc. With all the users and affiliates being paid out as soon as possible your website will spread as fast as possible.

The website comes with a setup page which you can view in your browser and use to enter in all the needed details. You can customize the information from the setup page - you don't need any HTML or programming knowledge. You will need to get your own hosting, but if you need help setting it up I will do it for you. If you're familliar with HTML or know how to use Frontpage you can alter the website layout all you like. If you don't want to or don't know how, you can leave it how it is. It comes with a manual to guide you through setting it up and how to use the different features. For example, if you decide that you have enough money going through the website each day, you can disable the payment of users but have it continue to pay affiliates. It will take a while before users realize they aren't being paid since the affiliates - the people who are getting more people to invest - will still get paid.

After you've set up the website using the setup page, the only thing you will need to do is advertise. You can post in a few forums, e-mail people, get advertising on websites, or anything else you can think of. In theory you only need to get a few people to invest, because after being paid, they will tell their friends because they will be getting a cut of their referal's investments.

The price for this automated website is $400.
I accept payment by e-gold and WU. If you pay by e-gold I will send you a zip file with the manual and website as soon as I get your payment (within a day). If you pay by WU it will take a few days, up to 4 or 5 before I can cash it and send you the zip file. With WU, after service charges it should cost just under 440.

If you are interested in purchasing or have any questions, you can PM me or email me at (removed by phillyflash:). If you're interested in purchasing, tell me which method you prefer and include your email address so I can send you my details.

- ITBook

This post has been edited by itbook on Mar 20 2005, 01:43 PM

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sublimity Posted: Jan 29 2005, 03:56 AM

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Very interesting idea, although highly played out and abused, thus it requires a lot of more time, dedication and skill.

I wonder the following:

1) How would the payouts be done? Automatically? Manually?
2) If the system provides a percentage of an investment, what stops people from fooling it by signing up with different names and then just collecting the percentage. Is there anything that protects against that?
3) As far as I know, this is in the "illegal" category. Setting up a hosting that will not shut such sites down will be very difficult, especially after the complaints pour in. Any suggestions?
4) Is everything composed of scripts alone? Or are there executables aswell?

Thank you for your time.

itbook Posted: Jan 29 2005, 01:31 PM

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1. Payouts are done completely automatically. After you set it up and advertise you don't have to do a thing.

2. I'm not sure what you mean. For people to sign up on the list, they need to make an investment which is paid back later. It doesn't matter if they invest multiple times or of they use different names.

3. I'm not sure if it is in the illegal category, it's more borderline. I've seen sites doing this (some are called "bubble games") which are the exact same thing they're just advertising them differently. My suggesting would be (removed by phillyflash). I've never used them but I've heard good things about them, they have anonymous offshore hosting for $25 with e-gold as a payment option.

4. It's all composted of scripts. You don't need to run any executable files on your own computer or leave a computer on running an executable.

- ITBook
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HiHello Posted: Jan 29 2005, 08:53 PM

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IT BOOK,

I am sure this can be used for Legal purposes too

I really do.

I shall be in touch with you shortly.

HiHello

itbook Posted: Jan 29 2005, 09:05 PM

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QUOTE (HiHello @ Jan 29 2005, 08:53 PM)
IT BOOK,

I am sure this can be used for Legal purposes too

I really do.

I shall be in touch with you shortly.

HiHello

It definately has legal uses so it shouldn't be too hard to get some hosting. Like I said above in terms of what it is, you can just leave it going until it dies out rather than stopping payments and keeping them all. It's up to you.

- ITBook
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Mullet007 Posted: Jan 29 2005, 09:47 PM

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Seems like a grest idea, but being advertised on this forum it will be abused pretty much. Anways, let' say I want to keep it legit for atleast 2 years and keep paying 5% or whatever a month back to the investers.. so lets say I would 1.25%/week of whatever they invested. It will keep them motivated but how will I make money off this, since I don't want to rip anyone and run away how can I keep making making money. Also, are there any laws or anything that abide users to run these sites or invest in these kinda sites. One more thing, the investments are always locked up as far as I know. So once a user invests 300, and he makes it back in whatever month and starts making a profit on it how will we manage that , what are the chances that whatever he makes he would invest it back.

Thank you
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itbook Posted: Jan 29 2005, 10:01 PM

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QUOTE (Mullet007 @ Jan 29 2005, 09:47 PM)
Seems like a grest idea, but being advertised on this forum it will be abused pretty much. Anways, let' say I want to keep it legit for atleast 2 years and keep paying 5% or whatever a month back to the investers.. so lets say I would 1.25%/week of whatever they invested. It will keep them motivated but how will I make money off this, since I don't want to rip anyone and run away how can I keep making making money. Also, are there any laws or anything that abide users to run these sites or invest in these kinda sites. One more thing, the investments are always locked up as far as I know. So once a user invests 300, and he makes it back in whatever month and starts making a profit on it how will we manage that , what are the chances that whatever he makes he would invest it back.

Thank you

It may be abused a bit, but I'm planning on limiting how many copies of this I'm going to sell.

It's hard to continue paying, stay legit, and make money off of it. With mine their investment is locked in only until there's enough money to pay, not for a set time.
As to laws, running a ponzi scheme is illegal. I'm not sure of laws specific to your area, my only advice would be search online for a list of your area's laws and search for ponzi and see what comes up.

- ITBook
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Nameless Posted: Jan 31 2005, 04:03 PM

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And if this is standard, can we improve its looks and its design ?

Or can you do this ? Is it customizable the design and the pages ?

Can we see a "demo" of what you offer ? Thank you

Synndrome Posted: Feb 3 2005, 03:59 PM

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I sent payment and received my package in a timely fashion. The files that come with the HYIP package look well, seems to be a full package to me in terms of what files you need to setup the site. I have yet to upload it and view the asp files, so I cannot give much detail on them at the moment. Itbook is very friendly and informal, this is a professional product. I suggest to buy from him if you are interested in this item. I will post back at a much later time once the HYIP has been running for some period of time. Thank you again itbook.

Good luck.

idi Posted: Feb 4 2005, 12:42 AM

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Even if itbook put together a fantastic package it still remains to be seen if people will actually fall for it. I'm waiting for someone respected to say "Yeah, not only have I received it but I really did make a bunch of money."
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itbook Posted: Feb 4 2005, 01:11 AM

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QUOTE (Nameless @ Jan 31 2005, 04:03 PM)
And if this is standard, can we improve its looks and its design ?

Or can you do this ? Is it customizable the design and the pages ?

Can we see a "demo" of what you offer ? Thank you

Yep, you can improve the design, add your own content, change the layout, etc. I can do it for you if you want. Depending on how long the changes or added features will take I may do it for free or I may give you a price quote.
I'll put together a few screenshots of it and post them tomorrow.

- ITBook
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itbook Posted: Feb 4 2005, 01:34 AM

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QUOTE (idi @ Feb 4 2005, 12:42 AM)
Even if itbook put together a fantastic package it still remains to be seen if people will actually fall for it. I'm waiting for someone respected to say "Yeah, not only have I received it but I really did make a bunch of money."

People fall for schemes like this all the time. Further, at first it?not a scheme - at first you actually pay users, and you keep paying them until you have their trust and you have enough money going through you.

I'm waiting for someone respected to come along and buy my Ponzi/HYIP website, until one of you vendors/moderators/respected members tries out my ponzi we're not going to hear from one of them that it works. I'm going to have to get someone respected to try it out.

- ITBook