Oops, there goes another internet scam
Things seem to really be heating up.
Disgruntlement at an all time high in the YM Forums. Gee, guess people aren't thrilled about that 3 cent payout. Probably having to add on mods to keep up with the deletions.
An influx of members to matrixwatch being vocal and joining the movement.
I have seen a surge in visits to this blog. It is very interesting what some people are searching for to get here:
Some people starting to wonder?
SEC STA Ymmsssta success through advertising pyramid ponziis ymmss a scamsta scamstaretail fraudstaretail pyramidymmss scamHere's some of the scoundrels now...
Hubert Humphrey ymmss Kim Inman Mike Hamilton STA YMMSS Hey guys, hows that keyword push for sta retail and the alexa manipulation working out?
sta retail sta retail advertising staretail backoffice alexa rankings for STA YMMSSAhh, thanks, but you shouldn't have:
steve-o Misc.
sta back office The old standbys:
ymmss ymmss sta sta ymmss STA YMMSS Scamssta/ymmss
Why do you wait?
Oh, you poor YMMSS STA scam members. You are now getting less than a nickel a position yet you still praise the visionary that Kim Inman is.
He has fooled you and you are letting him get away with the fraud. Every day, every hour you wait he gets closer to skipping out to Belize with your money.
Don't let the fat cats who got in early and made a bundle continue to fill you with false hope and promises.
They are living in nice homes, driving nice cars, taking vacations you could only dream of. You scrape by trying to hold yourself and family together.
Others are doing something. Filing complaints with IC3, the FBI, Attorney Generals, Interpol, SEC, and any legal authority they can think of.
You wait and Kim laughs at your gullibility and continued support. He neither feels for you or cares about you. He is in it for Kim and Kim only.
You think he is a Christian, but what Christian sits idly by with millions in the bank while those members who have trusted him and given him those millions get by with little or nothing.
Have you heard of him helping anyone?
Anyone?
Comparison of Charles Ponzi and the Kim Inman YMMSS STA Scam
1) Double your money in 90 days. Not sure why this magic number, but maybe 3 months sounds like a short amount of time in someone’s mind.
2) Even after all the bad publicity, leaving so many people financially hurt, put into prison twice by the government, and eventually being deported, Charles Ponzi their were still supporters there to give him a grand send off. Kim still has YM cheerleaders.
3) Ponzi took in about $140 million dollars. Though we will never know what Kim has taken in we can estimate by the amount he has paid out (according to YM anyway) which is $100 million.
4) After entering jail Ponzi was receiving death threats. I am hearing rumors that Kim Inman has also been receiving death threats from people living locally down in Belize. I guess when you run a global scam there is nowhere to hide.
5) After he was exposed Ponzi admitted to having a criminal record and serving prison time in Canada. There are rumors floating around that Kim Inman was involved in some kind of shady insurance deal with Prudential, but the company buried it.
6) Ponzi's "investment" was supposedly related to taking advantage of the differences in exchange rates for postage coupons or stamps. During the initial phase of the Ponzi a postal inspector questioned whether this was legal and Ponzi responded it was all done overseas out of reach of U.S. authorities. Though Ponzi never actually dealt in the coupons this is reminiscent of Kim running the business from Belize.
7) The transfer of massive amounts of funds from later to earlier investors is an administrative nightmare and Ponzi was lucky at the time to find a bank with which to do business through that had the same ethical standards as he. This bank was caught up in the ponzi and eventually failed. Can you say stormpay or intgold?
8) When things were going against him Ponzi claimed to be the victim of hostile interests and exhibited other paranoid behavior during his downfall.
Ok, I changed the poll.
Why don't you guys tell me when one has worn out its welcome?
I am so proud of you people - YMMSS STA Retail scam
I am reading more and more posts on the numerous boards how more and more people are waking up the the YMMSS STA retail advertising Scam. And you know who you are ;)
Good going. Kim Inman wins when people "wait and see". Remember how you used to try to convince family and friends it was a good thing. Well, the time has come for the opposite. Convince them it is a bad thing. But, it will be hard, they are in deep. But they should know they won't recoup thousands of dollars earning pennies a week.
But wait, "things are going to get better". We have been hearing that for a year or more. It's over folks. By waiting you don't increase your chances of getting your money back, you increase Kim's chances of getting off scot free.
Stop being in denial, start being in control.
YMMSS STA Kim Inman triple threat
I posted some of these on MW because the topic happened to come up.
According to MSN 3 of the top 10 investment scam are:
#1. Ponzi schemes. This is an old scam named for Charles Ponzi, a swindler from the early 1900s who conned $10 million from investors by promising 40% returns. His scam has been copied by countless crooks. The formula is simple: Promise high returns to investors and use their money to pay previous investors.
According to the NASAA, Ponzi scammers often blame government intervention for the failure of their system. In Mississippi, two Ponzi scammers pled guilty to a scheme that bilked 41 investors from four states out of $10.2 million. They told investors they were taking part in a money-trading program. The program never existed.
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Blaming government intervention...hmmm...who does that sound like? Damn, Kim did that in advance. Wasn't that his rationale for locating in Belize.
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#5. Affinity fraud. Taking advantage of the tendency of people to trust others with whom they share similarities, scammers use their victim's religious or ethnic identity to gain their trust and then steal their life savings. The techniques range from "gifting" programs at churches to foreign exchange scams.
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Religion...once again it sounds like someone we all know and hate. There is nothing I hate worse than a religious hypocrite.
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#8. Internet fraud. According to NASAA, Internet fraud has become a booming business. For example, federal, state, local and foreign law-enforcement officials targeted Internet fraudsters during Operation Cyber Sweep in November 2003 -- and identified more than 125,000 victims with estimated losses of more than $100 million.
"The Internet has made it simple for a con artist to reach millions of potential victims at minimal cost," says Lambiase. "Many of the online scams regulators see today are merely new versions of schemes that have been fleecing off-line investors for years."
Lambiase warns consumers to avoid the infamous Nigerian 419 scam, saying Internet users should ignore e-mails from individuals in need of help who want to deposit money in overseas bank accounts.
"Don't be dot-conned," he says. "If you get an e-mail pitching a deal that can't be beat, hit delete."
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Yep, a new scheme on the old theme. Kim Inman has taken 3 of the top 10 and balled them all up into one.
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YMMSS STA scammers have seriously hurt people
This is the story of a man on
matrixwatch who was scammed out of more than 120,000 dollars. He never got a dime for his money. Now he has received a 1099 stating that he has earned 40,000 dollars with STA. I would like one of you pro-YM people to come here and explain how you can read this and still talk Kim and YMs praises.
Firstly I am not rich. I have become poor and homeless because Kim Inman scammed me out of everythingin I ever had. including all my IRA savings + I refinanced my house and took out all the cash I had accumulated in 15 years + I sold my car + I maxed out on all my Credit cards ( this I did at the advise of People who were on Kim Inman's payroll pretending to be investors like me). All together I sent over 120,000 Dollars to Kim Inman and his fraudulent Internet company YMMSS / STA.
Now I have to use the local library's computer to even post this.
I did all this because Kim Inman and his crooked wife Sue Inman and several other people who were on his payroll pretending to be investors fooled me. They made me believe that Kim Inman was God inflesh. After meeting Kim and all his crooked people, I was so excited that I was willing to risk my life and my marriage for Kim Inman. they scammed me and hypnotized me.
Kim Inman has caused me to become Homeless, penny less with no Credit left to my name. My wife left me because of this. I have suffered physically, metally and emotionally as a direct result of Kim Inman's scam and fraud.
Kim Inman is a shameless Criminal with no concsience. Kim Inman and his crooked partner in crime his wife Sue Inman are the liars and the modern Bonny and Clyd of Internet.
Kim Inman is a filthy criminal. He doesn't care about what he feeds to his family is the blood that he has sucked from me and other victims like me.
Kim Inman must pay for his filthy scams, lies and his crimes.
I have alredy contacted IRS and several other Federal authorities and have filed complains against Kim Inman and his Fradulent Internet compay YMMSS / STA. However I have no money left to my name to hire an attorney. If anyone knows of an attorney who would take my case on percentage basis, please let me know.
He would like you to know about these "inside" scammers...
Kim Inman
Mike Hamilton
Steve Rose
Jim Hakim
Mark Boike
Dave Summitt
Jim Reynolds
Barry Eschenberg
Owen Jennings
Graham Paris
Steve Fitzsimmons
Gary Harvey
Taxpayer bill of rights 2? Bogus 1099s
Found this out there:
FRAUDULENT INFORMATION RETURN PENALTIES - TBR2 establishes a right to pursue damages of not less than $5,000.00 from any person who provides a false 1099, W2 or other information return to the IRS which damages the putative payee. The taxpayer has up to the later of six years or one year after the date the fraudulent return would have been discovered by the exercise of reasonable care to file suit. [IRC 7434] The plaintiff is required to provide a copy of the complaint with the IRS. [IRC 7434(d)]
I wonder if you can pursue this in small claims court. Isn't $5000 the limit in small claims court?
Hopefully all of you have talked to a tax expert about this, April 15 approaches.
A link from a friend
Here is an intesting site that has been passed on to me about how some scams are perpetrated on an innocent public though the use a group affiliation. For instance through the use of religion which Kim Inman has used to a certain extent.
link hereI think through learning more about it we can decrease our chances of becoming a victim or warning someone else.
A new YMMSS STA Scam site joins our ranks
Check it out:
YMMSS/STA = SCAM!!This one gives a lot of history on the YM scam.
Welcome to the fight guys!
YMMSS STA Retail Advertising SCAMMING PONZI SCUM
These people are the lowest scumming SOB thiefs I have ever seen.
They steal your money under false pretenses, they try to shut you up from talking about it, they want to scam google, amazon, and any advertiser that might be stupid enough to step into their trap by spreading totally false reviews and newspaper articles. They threaten you with inactivation if you do anything beside just be quiet and accept your loss. Or you can spend 30 minutes a week to earn pennies.
How many of you are still doing this? YOU ARE NEVER GOING TO GET YOU MONEY BACK OUT! You need to file a complaint with the authorities NOW!
You will not get in trouble. The only ones who are going to get in trouble are:
Kim Inman
Mike Hamilton
Steve Rose
Jim Hakim
Mark Boike
Dave Summitt
Jim Reynolds
Barry Eschenberg
Owen Jennings
Graham Paris
Steve Fitzsimmons
Gary Harvey
plus a few more of the well to do who have profited off other peoples hard earned money and destroyed lives in the process.
They sit on high with millions of dollars and they laugh at you for reading 30 minutes a week for nothing, they are getting you to do their dirty work by posting false reviews. They have gotten you to drag you friends and family into this farce so they could rip them off too.
Want them to get away with it? Want them to be able to do it to someone else? Then keep on doing nothing.
YMMSS STA SCAM Class Action Lawsuit
There is beginning to be more and more people filing complaints with the authorities about the YMMSS STA ponzi scam.
There is also some talk about a class action lawsuit on the matrixwatch YMMSS forum. I encourage you all to file your own complaints and to check out the MW Forum.
Matrixwatch forum about YMMSS scamI believe we have a wealth of talent among our ranks. Do not believe you have nothing to contribute. Yours might be the one thing we need to tip it over the top.
Best to all.
Questions about ClickBank
I had someone on one of the boards I fequent ask about this, so I thought I would share my answer here. This following is to the best of my knowledge.
On the clickbank thing, the advertisers do have an agreement with YM, but it is not something special, anyone with a website can get the same deal. Heck, you don't even need a website, you could bid for keywords on google adwords and do it that way.
Clickbank gathers together a list of companies willing to pay a percentage of sales etc. for customers brought to their sites. You sign up with clickbank, pick which products or services you would like to promote. They provide linking code for you to use on your website to drive customers to the advertiser website. In the link there is a unique code that identifies that customer as having been "delivered" by you. If they buy something you get a percentage based on the individual terms that advertiser has set forth. Clickbank gets paid by all the advertisers, takes their share, and cuts one check to you. This is not a "bad" system. It cuts down on the management headache for web masters.
I think the problem some people have with this is they feel that STA YM has misrepresented this to the common affiliate who is not as familiar with the internet programs out there. I don't think I had that big of a problem with this. If you have a lot of traffic coming to your site it would be foolish to pass up on what is essentially free money. You get enough people through, someone is going to click on those links and buy something. All you have used up is a little screen real estate.The perception was though that YM was negotiating dedicated deals with companies and loads of cash were to pour into the YM coffers and it just doesn't appear to be the case. The other aspect I think too was that was taking months to "set up" these deals when in reality you can be signed up in just a few minutes.
Now, all that said, take it with a grain of salt, I don't pretend to be the expert in these matters nor did I pay too close attention to the discussions on it because as I said I didn't have that big a problem with it.
Desperate measures from ymmss - sta retail advertising
They are doing everything in their power to overcome the bad PR and generate some new signups and funds. It reminds me of an animal trying to get out of a trap, but don't feel sympathy for them, they are the scum that the worst kind of people would not associate with. The ones that smile, talk religion, and stab you in the back while they lift your wallet. The ones that would take your grandmother's last dollar and leave her on the street. The ones who would steal your kid's lemonade stand change jar.
So now, not only has Kim Inman involved all the affiliates in a ponzi scheme, now they are being coerced into posting fictitious pro-STA blogs and reviews further compromising their integrity on the hopes they will be able to recover the thousands of dollars they are out on this hopeless ponzi scam.
Esto aka Stephen Rose continues to spout hype about the "business" all the while he has made hundreds of thousands of dollars the last couple of years (see the top 10 post below). One day he is retiring, the next posting glowing STA site reviews on amazon.
Where did my YMMSS money go
There is a file floating around that is supposed to be the entire YM holdings back in May of 2004. I was able to get a copy of it and have done some work on it to come up with a dollar value of epcs held by the top 10 at that time. Many thanks to the confidential source I got it from, a member who wishes to remain anonymous.
KIM & SUE INMAN........195150
BENJAMIN LOWE..........156910
CHERYL A PARK..........80000
MAXPOS COMMUNICATIONS..64000
ZERTASHIA MASOOD.......47860
DENNIS SAMPSON.........45690
HUBERT HUMPHREY........45680
MOHAMMED MOOSA.........41600
STEPHEN DEROCCHI.......38400
STEPHEN ROSE...........33480This may not be entirely accurate. Examination of the file reveals a tendency for people to sign up two similar but different names. Also at least one person was allowed to sign up and get about 10 320 EPCs on credit.
Keep in mind this is almost two years old when the cycle time was 69 days. Imagine how these values have gone up.
YMMSS still paying
A WHOPPING 6.6 cents. Buyah!!!
Only 4 more months and then you can afford to have them ship your debit card to you. That is of course if they maintain the 6.6 cents**.
**Past performance is no indication of future returns. Data and information is provided for informational purposes only, and is not intended for trading purposes. Additional blackout dates and other significant restrictions may apply. Offer not valid in U.S. Territories, including Puerto Rico, U.S. Virgin Islands, and Guam, or Canada. Offer void where prohibited, taxed, or restricted by law. Offer not valid in combination with any other offers, unless otherwise specified by those offers. Members and their immediate families are ineligible. Offer not valid in December. Reservations required. One discount per visit. No Refunds.
Stormpay pulls the plug on YMMSS
StormPay and Processing on 3/7/2006
--------------------------------------------------------------------------------
We have been notified by StormPay Inc that our account has been placed in a suspended account status. They state: “These actions are taking place mainly as a result of investigations into the entire industry driven by the recent 12DailyPro investigations.” Hello!
We promptly responded to their request for information. We don’t have a timeline of when our account will be reactivated.
It could be a few days or it could take weeks, so during tomorrows processing (3/7/2006), we will update everyone's user profile to use "On Hold" as the payment method in which to receive earnings. After processing has been completed, we will re-update everyone's user profiles to store their original payment method values. This will require us to take the STA User Back Office down on our stasite.com while we process (this will not affect the STARetail Ad Site).
Sincerely,
STA Admin
The latest from the ponzi we love to hate
Members are being asked to download the alexa toolbar to manipulate the ratings. Just a sorry attempt to mislead potential members and/or potential retailers as if they have any. Any retailer or someone with a passing knowledge of web rankings is wise to this and knows not to trust it.
Now they are trying to manipulate google with some insane searching and clicking for
"sta retail advertising"
.
Also, Mike Hamilton is posting bogus news reports on PRWEB trying to fool people into believing this "business" is something other than the pyramid scheme we all know it is.
They are making the TOU on the YM forum even tighter. Which is hard to believe is even possible. Eventually when you sign up they will just give you a script of cheerleader posts to make. No actual thought or will of your own required.
I can tell by some of the responses I have gotten here that more and more people are coming around. Get mad people, report them, to IC3, FTC, SEC, or any where you like, but don't sit idle.
Two sets of books
It has been suggested that perhaps YMMSS / STA is keeping two sets of books. One list the members who really are getting paid, and paid well, while the other lists the ones who are getting fleeced getting paid pennies.
I think it may appear that way to some, but I believe the truth is as I have said many times before:
The members who joined early made a lot of money, cycled many times and doubled their positions again and again. So even now when the payment is 10 to 25 cents on a 320 these people are sitting there with 100s of positions so they are still earning 25 dollars a week or more. Since they have already made a bundle and covered their original investment many times over, this is just gravy at this point.
Those that joined late probably only have a handful of fully mature positions unless they bought a lot of 320s. So they are the exact opposite, they are out a LOT of money and even if they have a 100 positions it is going to take a long time to cover 32000 dollars at 25 bucks a week or if 320 dollars at 25 cents a week of they bought "small".
Then there is the guy who bought lots of small positions on Kim's recommendation and isn't even making pennies right now. He was counting on time to make him wealthy, but instead he is still waiting.
That all said, I would not doubt that some insiders are making more than the general members and not just Kim.
Weird stuff and murder
Not sure some of you have heard about this, but the guy who was originally on the domain registration for YMMSS was someone named Alexei Goloubev. Last year YM was very secretive about who this man was. Kim even feigned that he was not sure, or maybe it was just a memory lapse, he seems to have a lot of those, but then seemed recall later. Early this year this man was found stabbed to death in his home in Belize.
The last news report was:
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Monday, February 20, 2006
This morning two Belize City teenagers were escorted to Magistrate's Court, accused of the murder of Russian national Alexei Goloubev. Nineteen year olds Aaron King and Llewellyn Williams were jointly charged with murder and conspiracy to commit murder. King and Williams have been remanded to Hattieville Prison until their next court date on March twentieth. The decomposing corpse of thirty-four year old Alexei Goloubev was found on January third on the living room floor of his Third Street home. Closer inspection of the body revealed stab wounds to his back and head injuries. Authorities would later surmise that Goloubev had been killed by someone he knew because there were no signs of forced entry into the house.
--
Now nobody is saying Kim Inman had anything to do with this. Nobody is saying some disgruntled investors struck out at the only target they could find. Nobody is saying Kim Inman hired people to kill this man who was about to spill the beans. Nobody is saying this was a blackmail scheme gone bad.
Nobody is saying any of that.
Maybe just sometimes bad people attract bad events around them.
It appears now the domain is registered through some type of proxy service. A little late for anonymity now Kim, but I know there are many of us who wish we had never heard of you.
Success Through Advertising
Sucks eggs through advertising more like it, cause what you will end up with is a big goose egg. Zero, nothing, nada.
If you sold anything you got lucky or have a good product or good pitch already. You would be much better off going with a reputable company who doesn't have its roots in a ripoff ponzi scheme or some of the online classifieds rather than paying STA exorbitant price.
If there are any advertisers reading this be advised that most people just click through to get there amount of reading time in. Many times we heard on the YM forums how they wanted to inflate the numbers artificially to attract advertisers and encouraged people to do whatever they could to do so. This is not an ethical group of people.
Success through advertising wants to shed their YMMSS skin and I am afraid it doesn't work that way. A snake is still a snake in new skin.
