Showing posts with label Bernard Madoff. Show all posts
Showing posts with label Bernard Madoff. Show all posts

Saturday, October 1, 2011

More TVI Express Filipinos in denial

Yet ANOTHER Filipino came to 'defend' TVI Express, except he has nothing new to say, except trot out the fallacy: "if it pays, it must be legit."

First of all, to disprove the falsehood "if it pays, it must be legit", one only needs to give a simple counter-example where this is NOT true: Bernard Madoff's Decade-long Ponzi Scheme that involved BILLIIONS of dollars.

But let's rehash a bit on how TVI Express pyramid scheme works...

In a 1-2-4-8 pyramid, i.e. 2x3 forced matrix, if each person paid $250 into the system, then 15 people would have paid $3750 into the system.

And TVI Express pay you back a lousy $500, and none of that is real money. It's $250 in eWallet, and $250 in a "membership voucher code" which you must sell to a new member. In other words, TVI Express turned you into an accomplice of its scam. You are DIRECTLY PAID, NEW MEMBER PAYING OLD MEMBER. This PROVES it is a pyramid scheme.

So how do you get the $10000? We've done the math before, but let's do it again. Every person that moved to "Express Board" must have "cycled out" of the Traveler board, which is that 15-person pyramid shown earlier. So total people in the scam is 15x15, or 225, and amount of money in system is $56250. ($250*225)

From that, you subtract $10000 for the payout, plus 15x500 (let's assume those are cash, instead of stupid eWallet for the money), total payout is $17500. TVI Express profit is $38750.

From which, they can easily put $10000 to 20000 to pay for a FEW trips (not 225 trips, maybe 50 to 100) and pocket the rest as their "profit", without having sold ANYTHING (other than the right to participate in this scam, i.e. "membership"). Those who got the trips will be talking up TVI Express and entice more people to join. Then when money starts getting tight, they'll start giving people the run-around, and when the government started to crack down (like in Indonesia) they now have legitimate reason not to give out ANY TRIPS, more money they can keep in their pockets!

Remember, in a pyramid scheme, even if you manage to get a big payout, you did it on the backs of the people you recruited. THEY PAID INTO the system so you can take money OUT. For them to take money out, even MORE VICTIMS must pay into the system. The more disparate the ratio of payout (put in $250, get $10000), the more victims you must recruit.

Furthermore, a business can be registered to pay taxes and registered as a corporation, but still operate illegally with an illegal business model. In the US, you can register a corporation for $100, and get a Federal Tax ID for free. It doesn't mean your business MODEL is legal. It just means it is "legally registered".

Yet TVI Express believers want you to think that if TVI Express provided proper documentation to the government (legally registered), they must be operating legally.The problem here is, legally means two separate things. Operating legally here actually means they did all the company is supposed to do when they operate: get tax ID and establish corporation if needed. However, that TVI Express want you to think is "legally" in the sense that "it is not fraudulent".

Or to give you a different example: let's say I was driving and was stopped by police. They check my ID. My ID is valid.

So my ID is legal.

They give me a speeding ticket for driving too fast.

My ID is still legal. However, I was not driving legally.

See the difference?

TVI Express wants you to think that because they have IDed themselves to the government, they must be operating legally.

In reality, allt hat proves is they have followed THAT ONE provision of the law that requries company to operate to do certaint hings, such as register with the government. It does NOT MEAN that the company's business model is legal or legitimate.

Yet that is what TVI Express promoters, such as Jaboangga here, want you to think: just because TVI Express registered with Filipino government, it must be operating legally, except "legally" here means "complied with requirements to registere company", but Jaboangga want you to think legally means "not fraudulent".

THAT intentional misinterpretation is yet ANOTHER fraud.
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Tuesday, September 27, 2011

Bangladeshi TVI Express Rep confess to pyramid scheme in public

Following comment appeared in my hub, and my reply will be highlighted in RED. Apparently, this Alamin guy joined Hubpages just to post comments on my hub (3 hours ago, which is just before midnight here on Pacific Daylight Savings Time.

Hi, I am alamin . a member of tvi express .I am from Bangladesh.
Welcome
I have joined here 17 dec 2010 & have become international diamond & being president .so far Company is giving all the money in right time . 
Good for you. Many other people can't say the same about getting paid. 
i see u have passed a lots of time in proving tvi scam .
Since end of 2009
After reading ur hub i want to know if u r too much sure about tvi scam then why u r not coming in day light . 
Because, again, my identity is not relevant to the issue. My information and analysis stands on their own. I am not using my reputation and expertise to justify my position. 
u r only supplying true information about being scam of tvi .. but u answer me if u r trying to make people careful about tvi then u need to clearify u first . 
Why should I clarify "myself" in order to make people more careful about TVI? What does it add to the argument? 
tvi has launched in 2009& still continuing . 
And this is relevant how? Bernard Madoff's ponzi scheme lasted over a decade. Age means nothing. 
it's true that they didn't keep promise in due time but keep though in late . thinkn about opening office in phillipines + south africa .. now they are saying they will open office here (bangladesh ) since feb 2011. & till now they r saying . but they will open in upcoming 2 or 3 weeks . because their work is slow. that does not mean they will not open .. 
I never did say they won't open their office in Bangladesh. I said they would be STUPID to open an office in South Africa after local government already declared it ILLEGAL back in December 2010! Thus either the announcement is bogus, or TVI Express is completely out of touch with reality. Which is more likely?  
as per as other mlm companies in bangladesh did not offer a good compensation plan like tvi ... 
And why is this relevant? 
and as i have said i have broken 8 Eb Boards of my own By only referring 516 people by all team members ....the money i have got from Tvi totally changed my life .though its a pyramid scheme but it has been divided by 7 people so its easy . 
So you admit to participating in a pyramid scheme, which is illegal, and it changed your life. Congratulations, your confession to being a criminal is now public.  
& i also want to say that a lots of members of my team has gone to a lots of hotel & enjoy their hotel packages by giving only the Vat ..
So your people did NOT pay the extra $150USD as per announcement of TVI Express per June 2010? The announcement was very clear that you need to deposit additional funds into a separate 'redemption eWallet', and existing eWallet funds cannot be used. Perhaps TVI Express need to explain why it did not charge you when it says it should. Why ask me? I only quoted from TVI Express announcement. 
So tell me . if i can get all the promises things from Tvi then why sould u say it extra charges. 
Again, it was a TVI Express announcement dated June 2010. If it had been rescinded since, show me the announcement. Your "personal" experience counts somewhat, but unless you find me an official announcement per TVI Express that says "previously announced charges no longer applies" or something similar, I have to assume the charges still exist (or TVI Express is a liar). 
Furthermore, having some promises fulfilled does NOT make TVI Express any less of a pyramid scheme, which you already confessed to. 
a lots of points u have added in u r hub .... if i want to give all answer than it will take a lots of time .. yeah some points are true ,,,,,, but want to say that the sun itself has dark side that does not mean the whole sun is dark ....... 
You, Alamin, failed to recognize that 1) pyramid scheme is fraud, and thus illegal  2) you just confessed to it  3) having additional benefits does NOT excuse the fraud or somehow turn fraud into legitimate business.
Your entire message can be summed up in one sentence: yes, TVI Express is a fraud, but look at the bright side: I got a trip out of it, and so much cash that it changed my life! 
That's not a refutation, but a confession and plea for clemency. 
so friend hope that it will be taken friendly
I am friendly unless people are hostile toward me. Thus far, you have not yet insulted me outright. And your confession to a crime counts for a lot. 
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