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Global Pension Plan – What Has Become Of It?
Tags: Global Pension Plan, GPP, Reverse Pension Plan, RPP.A few months back, I remember Global Pension Plan has reached its 100,000 members.
What is Global Pension Plan?
According to its plan, its a venture from Liechtenstein, that allows you to pay 30 euros (30€) for a chance to make 55,000 euros (55,000€). I’ll quote direct from CashFlow, NN.
GLOBAL PENSION PLAN (GPP) is a project where a wealthy financier plans to invest $12 billion in old age pension insurances. Therefore GPP is looking for 100,000 persons that will sign up for one policy each while the financier covers the cost of an average of $41,000.
The stipulation is that the financier then can buy the policy back for $120,000. As a member you will then get $55,000 or 110,000.GPP even offers a second income opportunity if you help new members into this project. A Loyalty Program Bonus will be paid with $2.000 for every new member,12 levels deep. Please notice that there is no requirement to bring in new members. All payouts will be made after that GPP has reached the target of 100,000 members.
A summary of the costs for the financier looks like this:
Average cost for one policy: $41.000 (x 100.000 = $4.1 billion)
Payout to each member: $55.000 (x 100.000 = $5.5 billion)
Loyalty Program Bonus, $2.000 x 12 levels $24.000 (x 100.000 = $2.4 billion)
TOTALLY: $120.000 (x 100.000 = $12 billion)
Was it just a scam? Personally I’m really skeptical of how it will work out. There were even questions on this on my mind like, “So you’ll have to reach a 100,000 member strong in order to receive the 55,000 euros payback. What if one of them unfortunately passes away, does that forfeit and terminate everyone’s contract too?” and more.
It doesn’t make any economical sense for you to have over 183 fold returns (you got that right) with a magntitude of 100,000 times.
So what has become of everyone’s 30 euros? The last heard, the target has been hit and they’re still accepting funds. Anyone in GPP, RPP can maybe feed us with more.
Popularity: 75% [?]
Hi Jude,
Scam Warning is probably premature.
Some well-connected private investor groups are still endorsing this,
but negative speculation can only jeopardize progress.
Current report is that member goal has been reached and sign-ups are
still being accepted as a backup to replace unresponsive members.
No one can predict the outcome of RPP’s because anything can happen,
even to the well intentioned ones.
Also, as expected, there are a number of copycat scams showing up now.
Signing up from a referral link is discouraged, so if you want more info
or want to throw your hat in the ring, I will send you an email. Let me know.
newearth
Scam warning!!!! This crock had scam written all over it from the very beginning. Of course investors are being warned to keep nice and quiet. The usual excuses being trotted out are because delicate negotiations are taking place. I think the only negotiating the scammers are doing is that of making good their escape!!!
Isn’t that funny?… albanygang is yielling scam without any proof!
albanygang, you jump too quick on the gun!
How is that payout coming Luc? What a tool. ha ha ha
Signed,
Stella
Welcome to the year 2010. And guess what?! NO PAYOUT YET!!!!!
I love these old posts.
And folks, its not that you give them “just” $30.00, its a much bigger picture than that. You have lost $30.00. But your not the only one who lost those $30.00. Millions of you lost $30.00. GPP has taken you for a ride and they are the rich ones now.
They steal poor peoples hopes and dreams of having a better life with the payout. Look at the big picture, not the little one.
They need to be stopped.
If you read this, do not buy into GPP.
Luc know nothing about what’s going on at GPP.
Only bullshit ….
Hey just found your Blog and wanted to let you know that I really enjoyed this particular post. Is there some way I can subscribe to your posts? I really like how you write and want to make it easy on myself to find your stuff!
From: Global Pension TRUSTEE
Sent: Wed, 27 October, 2010 1:04:12 AM
Subject: GPP Urgent Update!
Dear GPP Members,
October 25, 2010 Global Pension TRUSTEE Administration reached agreement with 20 banks on documents delivery and Card (Silver, Gold and Platinum Card).
We have experienced some difficulties in the past with document delivery to your home address. We found the final solution – the courier service FedEx. Delivery in 5 -12 days (depending on your country) after your payment.
Payment for shipping FedEx – $59.
- Liberty Reserve Account: U2809340 (Global Account)
Memo: Shipping / UserName
FedEx Delivery takes place immediately after the payment of $ 59.
November 5, 2010 Global Pension Plan will be closed.
New debit card orders and upgrade requests accepted only until November 05th, 2010.
Below is some additional information needed.
Instructions for requesting a purchase of additional policies or debit card order upgrade :
If you wish to purchase an additional policy, pay 15 EURO or 20 USD to either of the Liberty Reserve account, and put in the memo section : USERNAME NUMBER OF POLICIES PURCHASED.
If you have paid for a Card and wish to upgrade, pay the balance to the same Liberty Reserve account you used for your first paid order and in the memo section, put in : username CONVERT TO (TYPE OF CARD).
For example, if you have paid for a Silver Card and wish to upgrade to a Gold Card, what you need to do is pay the $50 balance to the same account you used before and in the memo section, put in : username CONVERT TO GOLD.
If you have paid for a Gold Card and wish to upgrade to a Platinum Card, what you need to do is pay the $125 balance to the same account you used before and in the memo section, put in : username CONVERT TO PLATINUM.
If you have paid for a Silver Card and wish to upgrade to a Platinum Card, what you need to do is pay the $175 balance to the same account you used before and in the memo section, put in : username CONVERT TO PLATINUM.
- If you have ordered e.g. 5 Silver Cards but only wish to upgrade e.g. 2 Cards to Gold/Platinum, simply make two separate balance payments and we will know that only two of your cards have to be upgraded. If you wishes to upgrade all your cards, you can make the balance payments in one batch.
- Orders of e.g. 3 Gold Cards (total cost : $225) will not be automatically converted to one Platinum card, because we do not know if you wish to have 3 separate cards (for your spouse/family etc) or just one with a larger limit. So if you e.g. have ordered 3 Gold Cards and wishes to get one Platinum Card instead, pay $0.1 or less to the same account you used before and in the memo section put in : username : CONVERT 3 GOLD TO 1 PLATINUM. (The $25 you overpaid will be put into your Debit Card balance). Same method for Silver conversion to Gold. You can convert 3 Silver Cards to one Gold Card for NO EXTRA FEE.
Point is : if you have paid enough or more for a conversion, you do NOT need to pay again. Simply send $0.1 or less and fill in the memo section.
Liberty Reserve account information and payment memo details required for new Card Orders and Card Conversion Requests : You can use either account, there is no problem. We initially set up two accounts to help make the accounting work easier.
- Liberty Reserve Account : U9948672 (Global Debit SILVER)
- Liberty Reserve Account : U5871417 (Global Debit GOLD)
- Liberty Reserve Account: U2809340 (Global Account) Memo: Shipping / UserName
To summarize the Debit Card types :
- SILVER costs $25 per card, ATM cash withdrawal limit of $500 daily.
- GOLD costs $75 per card, ATM cash withdrawal limit of $2,500 daily.
- PLATINUM costs $200 per card, ATM cash withdrawal limit of $10,000 daily.
- Additional policy costs 15 EURO or 20 USD each, payable in either currency. There are only 12,756 policies left unclaimed.
With Regards,
The Global Pension TRUSTEE