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Feb 16th 2007
I’m in contact with Tish, the administrator of AMF1989 and will be following up with him in the next few days after my trip. Stay tune.
Popularity: 3% [?]
I don’t know if all those other programs have been scams or not… but normally I would consider a person who uses the same name and email address over a period of time, and as admin of different sites, to at least ‘believe’ they are genuine themselves.
I see he was swapping Ringit for Paypal and Egold with people on one forum… as a verified paypal user.. which would also indicates he can be traced if need be doesnt it?
Or am I missing the point you are making in this blog post totally?
I’d beg to differ.
Even with traceable routes, it doesn’t prove anything. “Look at PIPS, 12by12, any big programs, or even FXE (even it didn’t want to turn out this way).
The records from whizzer’s showing the different scam HYIPs he has been running. Probably another ponzi game that he’s running to see when’s a good time to say goodbye.
I wondered if they could possibly be clearcut scams if the admin continued to use the same email address for them all is what stood out to me.
I genuinely haven’t heard of any of them and didnt look into them at all before making the comment.
I ran hHYIPTHEGAME which alot of people made money ! i am still around hence there was no scam everyone got paid.
then we ran mydailyforex which lasted till now and also helped finance the beinging of a new venture AMF since everything has lasted over a year and now we are in with all legalities
My only blunder was helping out EV with Geneisprofits.
But with this i have documents i have signed as i am not resposnible for the funds. ADsandrio has clearly stated he will be paying these back.
So for some who hasnt invested and said its a scam i Think they have no brains.
anyways what is more important is payouts.
I Am clearing old mfp members who dont have 100$ untill now since they cant deposit into the new plan and moving the ones who have more then that into new plans when the scipt is finalised but they still get their interest. which goes into new plans. if u have more then 10k u can also request the comapany papers and trading records.
My phone number and all info is on the site. So for those who think other wise dont join the rest you know u will get paid as i have been awoke so many times to deal with so many of your problems asap.
Thanks to every one whos still with us.
Tish.
Tish, i sent you an email previously, but you didn’t reply too. What’s AMF based on? Pure ponzi?
I am one of the MyDailyForexPay
Tish never fail to pay me during this program running. Now this program in migration process (all MDFP members who interested will be migrate to become AMF members).
I’m also one of the GenesisProfit members
Yea we know GP currently stop paying members since last year. However we can’t blame him alone in this case because the trouble come from EV problem. I don’t know much about EV. Currently all EV members and all of the program under the same umbrella still waiting for the payment as they said they will pay back.
Hopefully AMF will become a big program, even more bigger than MDFP, with all legal licence etc.
maybe becaus ei dont have the time ? how is it a ponzi can u prove it?do u realise its easy to tear things down then it is to build things!
How can this be a ponzi when people can request incorporation papers and also trading papers. below from our site. and also haven u seen and also have alink up for when we were looking for traders? People like you dont do much but destroy things, just because i didnt answer your email Now thats funny.
DD for AMF Brokerage ltd
Date Posted: 2007-02-17
If you have invested with us for up 5k and above and are verified. You can ask to see our company papers as well Trading records every once a month. Every time you would like to see our Trading records it will be a new request. Since we have just started we shall start obliging these request once we are two months old. (For our trading records.) We have 4 trades one is in Forex, Hedging, Bank trades and also Futures/Options. Therefore funds will be spread out and have minimum risk involved.
Why not this, send me the papers for verification before I send my 5k for investing.
Sure I tear things down, but are you any good to withstand the tearing?
If you company is registered, the documents are public and can be fetched by anyone. So why not make them available on your web or send them to Jude s o they can be verified?
This is what I never find logical about these programs. Why not make your records easy to access for potential investors on the website, they are public if you are incorporated.
The only excuse not to do this is if you are a Ponzi. Put yourself in the place of the investor who knows how easy it is to scam in this arena and you will see how crucial something like providing proof can be.
The other thing I always find troublesome as well is the idea that someone investing 10K can see the records but someone wanting to invest $500 can’t. Equally as bad from an investors point of view; in any investing arena.
been with mydailyforexpay for almost a year now.. n tish never missed payments.. really trusted admin!! long live AMF Brokerage Ltd.
You can post up all your info yes………… but the fact is then you have people representing your company and making flase calims because they just have a copy of the printed out info ! hence its better to give it to people who invest and are genuine , for they will spread by word of mouth your ability to achive and pay people. Every TOm dick and HArry can have come up with ……….give me the papers then i will tell the world attitude then where do we stand. hence let the payments for invetors go thru and keep going thru and people will come out to defend the program! To these investors be as transaprent as you can.
Tish.
I understand your worries but I don’t share them. Anyone can get hold of your documents if they really want to as long as its a registered company. Make a watermark on the documents and list all employees on your web… then people knows who they can and can not listen to.
To me you are only coming with excuses to keep hiding behind your virtual addresses… regardless if you are real or not.
perabangan,
Of course he can do that, he have been, or are running several programs… how do you know he don’t use the money from the others to keep one going for a long period to gain peoples trust?
I managed to find information on his involvement in at least 4 different programs in an hour or two… how many do you think I missed? how many is he running under other aliases?
Hi Ritish,
What DD information do you provide investors about your trading activity and how often do you update members on performance?
The warning here about AMF doesnt look good:
http://www.ifsc.gov.bz/notices.html
whizzer,
i understand your concern.. but our situation is not d same.. i can continue writing all my experience so far with ritish.. but i think better let d payouts do the talking.. besides, this is surely not a ponzi.
Hound, to be fair, even if AMF is registered, Belize will still issue a warning statement since they’re not licensed to receive money as a brokerage.
I won’t be bothered by the warnings.
North Finance is one too
I’m in contact with Tish and will submit my papers to see if I can find out more on AMF and will retract my previous statements about AMF until I clear it with him.
Hey Hound, another one which I will be wary instead of warnings on AMF’s by Belize, spot the difference.
It is notified for general information that E-GOLD INVESTMENTS ONLINE is not a registered entity in Belize and is not licensed by any competent authority in Belize to engage in online offshore transactions, or in any other international financial services. The representations made on their website, www.e-goldinvestmentsonline.com, to that effect are false and misleading. No such entity is located at P. O. Box 450, Belmopan, Belize, Central America, as it claims to be.
So AMF is registered with Belize but just not licensed as a forex brokerage I would say.
I noticed that more harshly worded notice too Jude… and wondered why the difference. As AMF do say they have some sort of financial services license on their website too.
Registered in Belize with a registration number for us to check. I’ll get back on AMF after coming back from my trip and sending off my NDA to Tish.
No need. There’s already a warning on their homepage.
http://ifsc.gov.bz/notices.html
Offshoreclub ever got a warning too from IFSC
Before you good folks go off on a preset decision of what is a scam or ponzi, I suggest you open up your field of research in Due Dilligence.
As far as Ghandi’s statement in regards to AMFB ( Belize registrar) I have been reliably informed that this will be altered as of next week. That he has no authority in the first place, over offshore companies and wouldn’t know what was legally licensed or not!
I suggest you people learn how to do proper DD on businesses before you suggest something is a ponzi.
I have been personal and business relationship with RD for quite some time now. I know what is legit and what is not. All his licences are legal and he is setting the stage for a new hyip of the future.
Documentation cannot be put up publicaly for a variety of reasons some of them legal restrictions. Look into this before you shout please.
Paty,
With all due respect let me clear up some things for you since you clearly missed them.
No one ever claimed it was a scam. There where several red flags raised about it for discussion.
Since you know what is legit and not, you should also know that starting a company without proper licenses is illegal in the first place, not only risking the company’s future but also the investors money.
“That he has no authority in the first place, over offshore companies and wouldn’t know what was legally licensed or not!”
Are you seriously claiming that Ghandi, a person who works for International Financial Services Commission don’t haven’t the slightest clue about his work and doesn’t know, or have access to what companies are registered and what licenses they have?
From their homepage:
“The Commission has recently issued licensing regulations to licence all international financial services providers. The licensing process is designed to ensure that only ‘fit and proper persons’ are allowed to provide, carry on or transact international financial services in or from within Belize.”
Now as far as I understand, AMF might be a registered company but they have still no license to provide “international financial services from with or within belize”, hence they are performing illegal activities, no?
check out this malaysian forum.. (nogold.com)
to be precise http/nogold.com/forum/other-ops/18349-amf-brokerage-limited-investment-program-www-amf1989-com-51.html
those not-so-clever investors are so happy when one of their country-mate opens a hyip/investment program.
they’ve been clapping and cheering like a monkey who just found a banana.
i hope they read this blog 1st before they deposit their $100 into the program.
come on..just because this ‘company’ registered in belize, that doesnt mean their activities are legal. do some homework!!
Your understanding should be correct whizzer. They ARE a registered company under an agency on IFSC site but NOT licensed, according to IFSC whom I persoanlly made inquiry to as I was interested in AMF. Since IFSC have shown it public to see now, is it no secret that AMF is illegally operating unless they are not actually performing any trading activity. Either case they are lying as they claim to be “fully licensed”.
I believe Jude will clear things up for us.
One thing I don’t quite understand is - it may sound odd but - How “importantly bad” having no Licence really is for a hyip program?
I mean, we’ve seen a fatal accident in NSFG (and I still hope…!) but there are other pools with REAL trading whose licence status doesn’t seem matter to members any more than whose trading report does…
I don’t care much if they have a license or not, but when they lie about it its for sure something bad smelling.
I agree with Whizzer. If they didn’t boast a full license, then no one would have bought it up as a red flag. Lying in itself signals a red flag more than the lack of license. I think it tends to peeve people off more, too.
Take for example 9planetnosurf. I seriously doubt if John got proper licensing before launching. Yet, no one is complaining or worrying about it. Why? Because he is being very upfront on his site and what he says is believable. Being believable = people’s trust, at least in the HYIP world it does.
On the other hand, just because a site lies doesn’t mean they don’t pay. As long as they are paying, don’t bet the farm and don’t stay in for more than a short punt. Afterall, most people playing the HYIP game are more interested in making money, than in scrutinizing a program’s legitimacy.
JMO,
Sharon
Jude, are you still keeping a contact with the admin?
Any progress/update… ? (sorry about my impatient!)
Jude, where are you? someone closed your mouth or you have been…..
lol, I’m still around. I haven’t had the time to do some scanning on the NDA as I’ve just upgraded my pc and OS (dang Vista doesnt support my scanner, its gonna be a problem)
tort! finish the sentence! lol
hello bro.. there are no licened for hyip in this world…all scam ….g.luck …
let learn how to make money in forex ……………………………………………………………………………………………………..
tish its definetly a scammer..i got all his details…hes from malaesya…he was so stupid to send me a copy of his driver license…lol
if u guys wanna catch this scammer,,,just leave a reply here and ill check again and give my email so we can talk
Hey Jude you were really busy so was any ways few years down the line
the licenses are on the site now, so u can just see them.
Take care and ping me on yahoo i did many times …your just to busy running a media empire!
Tish