Comments on: KAOnline – The Due Diligence Report

By: Forex Profit Trading System - Your Cash Machine - Came Back! | 7Wins.eu

Forex Profit Trading System - Your Cash Machine - Came Back! | 7Wins.eu — Fri, 20 Jun 2008 02:13:59 +0000

[...] [...]

By: sharonsopinion

sharonsopinion — Fri, 23 Feb 2007 02:57:04 +0000

21st,

KA Online is KA Offline since December. Who knows what happened to them?

Sorry,
Sharon

By: 21st

21st — Fri, 23 Feb 2007 02:48:42 +0000

This nice is very good, i will recomend it to my friends and partners

By: Your Daddy

Your Daddy — Sat, 25 Nov 2006 11:17:46 +0000

You HYIP are totally retarded. Like gambling addicts. You don’t understand that it’s only people like “Benjamin” who make the money. They are parasites on your back.

By: jack

jack — Fri, 10 Nov 2006 15:28:55 +0000

thank you i really appreciate the information….

By: Jude

Jude — Fri, 10 Nov 2006 14:32:32 +0000

jack, an answer coming from Rog, HYIPDiscussion.

U.S. taxes cannot be imposed upon your earnings or assets in a non-domestic payment processor that retains your earnings or assets such as e-gold which is a Nevis Corporation.

e-gold is not required to impose a withholding tax on distributions you receive. e-gold does not report your account information to any tax authorities in any Country.

When transferring e-gold to an Anonymous Offshore Debit Card to receive cash, your name will NOT appear in cash dispenser transactions lists when you withdraw cash from ATM machines worldwide.

If you choose to wire cash from e-gold (via an Exchanger) directly to your domestic bank account, you will be responsible for U.S. taxes based on your bank’s IRS reporting responsibilities.

By: Jude

Jude — Wed, 08 Nov 2006 02:45:19 +0000

I’ll gather a few good people and see what they could make out of this. Stay tuned.

By: jack

jack — Wed, 08 Nov 2006 01:59:17 +0000

how does that change since im in the usa?

By: Jude

Jude — Wed, 08 Nov 2006 01:51:22 +0000

I think it will really depend where are you based in. For me I’m in a country that doesn’t tax any external incomes coming from other countries, so income from HYIs like KA and the rest of the tools in this arena is fine.

By: Benjamin Navarro

Benjamin Navarro — Mon, 06 Nov 2006 19:03:03 +0000

The legality of investing in an unlicensed investment fund is very tricky. You asked about investing in an HYIP, assuming this “program” eventually fails and fraud charges are levied on itÂ´s owners then yes, receiving funds from this company is actually a form of larceny as you are knowfully accepting stolen property.

If you are investing in a real unlicensed investment vehicle there is no larceny, and you as an investor are not breaking the law by investing, however if you invest as an individual and make over $600 USD in earned interest you are required to pay tax on that income. Failing to pay your taxes is illegal. There are ways around this; ie. creating an offshore entity and/or banking / trust umbrella.

The laws within the USA are not against moving offshore, but the political agenda is. As long as everything is done correctly it is a win win situation.

Ben Navarro
Managing Director

KaOnline.biz

By: Jude

Jude — Mon, 06 Nov 2006 04:08:16 +0000

Interesting question. I’ll direct Ben to yours and follow up with my version (if its that important) to you.

By: KA, 1st Dimension, ClubFX, FXE, OSC at No Bullshit HYIP Blog Community

KA, 1st Dimension, ClubFX, FXE, OSC at No Bullshit HYIP Blog Community — Fri, 03 Nov 2006 20:26:46 +0000

[...] KA Online Interview with Benjamin G. Navarro, KA Online Due Diligence Report – KA Online [...]

By: KA Online - Crediting your AA Miles Point at No Bullshit HYIP Blog Community

KA Online - Crediting your AA Miles Point at No Bullshit HYIP Blog Community — Wed, 25 Oct 2006 00:36:07 +0000

[...] And if you’re a roller above $1,000 in KA Online, why not register with American Airlines, get the points. Who knows you might be flying to a choice destination for free? *Grin Interview with Benjamin G.Navarro, KA Online The Due Diligence Report, KA Online [...]

By: Interview with Benjamin G.Navarro, KAOnline.biz at No Bullshit HYIP Blog Community

Wed, 18 Oct 2006 11:18:07 +0000

[...] I would be happy to accept this invitation if it were offered to me. Your site, NoBSHYIP, is one of the most honest and straight forward sites I have seen in this industry. The title alone is worthy of a standing ovation. The design is sharp and the information is current. What more do you need? Thank you for your time Benjamin Due Diligence, KA Online [...]

By: Benjamin Navarro

Benjamin Navarro — Wed, 20 Sep 2006 19:34:36 +0000

John,

I think you missed the ball so to speak on how our company is actually structured.

We do not have managed accounts in our name with simple POAÂ´s for a third party to trade on the account.

We hold Joint Venture Agreements and Private Business Contracts with other companies who then employ in partnership with us third party management teams who actually manage the funds. For a quick example imagine that you partnered with X Brokerage, and both you and X Brokerage created a third party team to open accounts, run investmenets, and manage capital. Considering that X Brokerage is a licensed broker, you dealing with them on a pooled fund is illegal. For this reason NDAÂ´s are put in place to protect all aprties.

The above is a very simple example and is not exactly how we do business, but I think it gets the point across.

I was contacted by someone who gave me a very good idea on how we could possibly expand our current due diligence scope. Basically it involves verification by an attorney and a CPA backed by client priviledge. The attorney and the accountant would verify our business dealings and finances and submit to us a notorized letter stating just that. This is still in itÂ´s early stages and we still need to get the go ahead from our partners, though I think this idea may just work.

Ben Navarro
Managing Director

KaOnline.biz

By: John Tanara

John Tanara — Wed, 20 Sep 2006 06:19:38 +0000

What is so strange is that KaOnline act very secretive, like noone even heard how one can trade, for example, with Oanda, and there you just sign a Power of Attorney and are allowed to trade with the funds of a third party. Because there is a private agreement, that doesnt mean necesarily that this is against the law. Anyone can use to trade on behalf of someone other, because they just sign a contract together. The mandate of the investor operates the trades in real time in forex and share with this one his profits, very simple !

I havent heard that signing a contract with someone is illegal, or now even maybe if I sell my car to someone else and take the money I am illegal, too ?

KaOnline in fact just borrow money from different parties (in a pool) and gets done the trading in various systems with some traders (either private or companies) in order to multiply those funds. I agree with Ira that as time as we cannot know the performances of the traders we are always unsure about the “engine” of the entire system in place. If I take a cab and go to the airport what kind of guarantee could be for me the polite manners of the driver in situation when something gets broken in the engine of the car or at the gearbox ? Noone.

In fact, because if knowing the traders anyone could invest through them the funds with a better ROI, it is natural that any HYIP website to hide the experts that they hire for them …

By: 25th August Updates (Plenty) at No Bullshit HYIP Blog Community

25th August Updates (Plenty) at No Bullshit HYIP Blog Community — Fri, 25 Aug 2006 13:22:11 +0000

[...] The Due Diligence Report on KAOnline [...]

By: Ira Laufer

Ira Laufer — Sun, 13 Aug 2006 22:30:02 +0000

Ben,

I have gone to your site and checked the 12 point evaluation.
It is quite inclusive and if each of your programs have qualified for them then you indeed have done well.

Thank you for your replies. I appreciate it.

I feel much more comfortable in going further to a possible investment.

Ira Laufer

p.s. (were the 12-point qualification records on the Programs available to Jude and others who may have done partial d.d. with you?)

By: Benjamin Navarro

Benjamin Navarro — Sun, 13 Aug 2006 22:16:22 +0000

In response to your post; the 12 point evaluation which makes up a portion of our internal due diligence guidelines is available on the What we do page of our public web site.

We are not licensed as a financial advising board, a money management company, or any other similar organization which means when a company allows us to pool funds they are in effect breaking the law, hence the strict NDAs.

Ben Navarro
Managing Director

KaOnline.biz

By: Ira Laufer

Ira Laufer — Sun, 13 Aug 2006 18:27:39 +0000

Thank you for the prompt reply. If you will bear with me, I still have some questions.

I may have missed it somewhere, but is your 12 Point Evaluation listed someplace, perhaps in one of the interviews? I would like to see it. It could come in handly in other areas where I am involved.

I am puzzled by the jurisdiction approvals. You have been operating for a number of months. In what jurisdictions are yet to be approved before you can divulge more information?

ira laufer

careful1.blogspot.com