No Bullshit HYIP Blog, A Part of No Bullshit Network

Last Friday I received an email from the 12DP receiver, Thomas F. Lennon. I’m sorry that I didn’t get this out last Friday, but I wasn’t feeling well the last few days. Here is the update:

NOTICE OF HEARING ON SECOND INTERIM FEE APPLICATIONS OF RECEIVER AND HIS PROFESSIONALS

Read the full post of 12DP Receiver Update on 05/11/2007

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EarnByLoaning sent out the following email earlier today:

Dear EBL members,

We hope you are all well.
We are very busy in the background here doing what needs to be done for getting the members a much better site and back office, than what we have now.
Ok..down to business.

1 -As some of you may already know we have been having some discussions with some forum owners about E-Gold and the fees associated with it. you can read one of them at….
http://hyipblog.nobshyip.net/2007/04/23/earn-by-loaning-follow-up/ here is a snippet of a post on the forum from Kerry….

“If we followed someone’s advice and built up a reserve in Egold of say, $20k and the market dropped like it did last summer, and we had to payout loans through Egold of say $10,000.00, Quest Holdings would have been handed it’s preverbal ass.

That’s not something we are willing to live with. The precious metal market is too chaotic to count on.

I am seriously inclined to recommend to the owner, Craig, to just drop Egold all together as a payment processor. Payout the loans we have already and be done with it.

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Popularity: 3% [?]

Read the full post of EarnByLoaning – Important Update

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Someone is sending out a spam email for Life Holdings.net. It is not from Dan. The actual Life Holding’s website is .com, not .net. The e-gold number attached to the spam is not even registered with Life Holdings.

In other news, earnings for the week are 2.80%!! Here’s the official announcement (in response to viewing the fake website):

Read the full post of Life Holdings – Fake Website Warning

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We do not know what the outcome of e-gold will be. It will take a while for the indictment to be processed and either cleared or justified (innocent or guilty.) Speculation helps the soul as you get your opinions off your chest. However, it is prudent to not panic and to wait for an actual outcome. If you are very worried, then move your funds out of e-gold.

Read the full post of Programs/Payment Processors Dropping Egold

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I watched the latest TriStar video-crap and debated whether I should voice yet more disdain about Bobby Krimm and his illegal activities or if I should pass because my views are pretty clear. I passed. However, the newest information about DailROI trashing and suing TriStar is just too good to pass up.

Read the full post of DailyROI Sticks It To TriStar

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What is and is not considered a Money Service Business (MSB) operating within the U.S.? The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury has made a ruling. You can read it here.

Just like most government issued documentation, it is hazy and leaves a lot open for interpretation. I am not a lawyer, but I do have an opinion on what they are defining as an MSB operating in the U.S.

Read the full post of Money Service Businesses (MSBs) – FinCEN U.S. Ruling

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If you’ve checked out NoBS Network, then you know that this blog and the NoBS Forex blog have posts in the forum. The updates are done automatically with RSS feeds that put the article and a snippet in the forum.

Read the full post of NoBS Network All The Updates In One Place!

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I spent 5 hours on the phone and in conference with Craig, Kerry and Troy discussing the concerns brought up in the comments on the review and interview articles. I hope that this article will alleviate some of the concerns about EarnByLoaning. I understand that there will always be people who will be positive, negative or neutral. This article is intended to clarify some issues, not to persuade anyone that has already made up their mind. As with any program, please seek multiple sources of information and do your own verification to determine if a program is for you or not. (ADD Warning: This is another one of my long articles!)

General

I asked Craig why he is borrowing from people, rather than a bank. He replied that in order to get a bank loan, he would have to secure it with assets. In addition, there are FDIC (US alphabet commission that regulates banking) guidelines that prohibits a bank from loaning for investments of this nature.
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Popularity: 5% [?]

Read the full post of Earn By Loaning Follow-up

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Earn By Loaning (EBL) is an opportunity that everyone should have in their portfolio. Real programs, like EBL, are hard to find and rarely talked about. It’s about time that it gets good press and good buzz! EBL is the first program that I’ve seen that actually GUARANTEES the returns! Everyone else has a disclaimer in their terms of service (TOS) that states that returns aren’t guaranteed. How cool is that? Guaranteed returns!

Read the interview with NoBS HYIP Blog here and listen to the interview at EBL here. Read what others are saying at their forum and at NoBS Network EBL thread.

How It Works:
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Popularity: 5% [?]

Read the full post of Earn By Loaning Review

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Earn By Loaning is one of those programs that has flown under the radar for over a year. I had the pleasure of interviewing the administration and support team. Here is the interview. (Warning: It is long! LOL) The notes in italics are my inserted infomration. Read the review here.

IMO, I give them a big thumbs up!

Interview:

Q: Hi Craig, Kerry, and Troy, thank you for taking your time to answer questions in this interview. Tell us more about yourselves.

A. Craig Jolly - Full time businessman, Owner Quest Holdings Inc.:

Kerry -(Admin support): I work a full time JOB and I am the administer for the website/support for Quest Holdings Inc./EarnByLoaning.

Troy -(customer support): I am a Full time Dad, after giving up corporate life in the retail sector. I am in the customer/member support dept. for Quest Holdings Inc./EarnByLoaning.
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Popularity: 5% [?]

Read the full post of Earn By Loaning Interview

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TSMC shows no signs of paying anytime soon. That usually equates to never paying again. Get your money out anyway you can! Curt, PonziScams, has uncovered an alternate method for getting your money out of TSMC. You can read about it here.

JMO - Sharon

Popularity: 3% [?]

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The term “ponzi scheme” reminds me of pond scum. It may look like a pretty green shade of feed, but in reality it is toxic and sucks the life out of the fish trying to swim in the pond. How long are we going to let the pond scum of the HYIP/Surf world suck the life out of those of us trying to swim?

I know that I’m going to get flamed for this article with people wanting to know why I’m trying to bite the hand that feeds us. After all 99% of all HYIPs/Surfs are ponzi schemes. Well, I am not the only one sick and tired of these scammers and it’s time to take a stand against them. They are illegal, because they are toxic to our funds. If we aerate the HYI pond with knowledge and understanding, we can kill off a great number of these pond scum.
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Popularity: 6% [?]

Read the full post of Ponzi Scheme – Pond Scum

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This article is old news for most of you. I apologize for not getting out earlier. Dolphin, Dolphin’s Wink, has an excellent write-up in her article, “Ads On Demand.” (Yes, it is the same article that has TriStar information.)

Read the full post of CEP Videocast and Short Reopening

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I was away from the computer for close to 48 hours and apparently I picked the wrong time to take a break! The TriStar and CEP news broke all over the place. I had planned to write one article for both giants, but now feel that it would be an injustice to CEP. So, here’s the TriStar crap of the day…

First, I’d like to point out that some of the places with TriStar news and viewpoints are Dolphin’s Wink (multiple), PonziScams (multiple), DrunksWorld, the Safelist and iBiOBiz. All are worth reading, but the most notable are Dolphin’s articles “Good Friday” and “Ads On Command.” Dolphin expressed her views, which mirror my own, very eloquently. Chris coined the term “TriStar Money Holders” and I think it’s appropriate.

I am so fed up with Bobby’s bullcrap! Have we learned nothing from history? Let’s review what he’s up to now, which are ALL things that happened right before the closing of several huge HYIPs, Autosurfs and Payment Processors in the past:
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Popularity: 7% [?]

Read the full post of TriStar Money Holders - Too Late To Get Out?

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Yesterday iBiOBiZ iGOP, run by Chris Andersson, was added to the DD Toolbar. Chris and his blog have been around for over a year and I’m glad to it added to the DD Toolbar. Chris has a ton of experience in HYIPs, Autosurfs and Forex. He’s well balanced in the HYI industry plus he’s an all around nice guy. Chris’s articles are short and to the point, unlike mine! LOL

Read the full post of iBiOBiZ iGOP Blog Added To DD Toolbar

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