Update 5th May 2010
Steve Renner got sentenced to 18 months in prison because of tax evasion more information: click here.
Other investigations regarding running a possible Ponzi / Pyramid scheme, suspicion of money laundry etc are ongoing.
Update 23rd February 2010
This was just published by the Startribune: “Secret Service agents removed evidence from a Minneapolis business owned by local musician Steve Renner Tuesday morning in what authorities are calling a suspected Ponzi scheme. The offices of Inter-Mark Corp divisions iNetGlobal, V-Local and V-Webs at 250 2nd Av. S. in downtown Minneapolis were raided.” Read the full article here: http://www.startribune.com/local/85054067.html
Original blog post from 3rd September 2009:
For the superficial readers: Yes, Inetglobal is a scam and a really bad one. Stay away from them and save your money! For the ones that want to have some more background information, here you go:
As I surfed today around the blogosphere (a lot of my posts start lately like this 
) I came across a blog comment with a “last blog post” headline reading “Make $$,$$$ Per Month”. The blog itself was called something ridiculous like “I want to become a billionaire in less than 5 years.” OK, OK, I hear you saying, why did I even waste time to look closer at something that is so obviously spammy? Very easy, I am naturally curious So, I took a closer look and found out how it works.
BTW, the system described is not restricted to Inetglobal, the same system to scam people is used by many other web sites. It is also known as a Ponzi scam or pyramid scheme. The sales pitch goes like this:
- You sign up for a free account. (That is the only free thing in the whole process!)
- You spend 8 minutes a day to earn a six figure income by looking at 24 websites a day for 20 seconds each, for a total of 8 minutes a day. (That is a the scam part)
The reality / scam goes like this:
- You sign up for a free account.
- You buy a “Consultant Kit” for “only” $59.95.
- You buy an advertising package for hundreds, up to thousands, of dollars which “allows you” to upload your own site into the system.
- You start to look at / surf web sites, for this “looking at / surfing of web sites” you get paid.
- You refer others to do the same and get a share of what they pay to Inetglobal. That is where the pyramid scheme becomes really obvious.
Do you see it now? It is nothing else then a Ponzi or pyramid scheme. Inetglobal, and similar web sites, make money only by selling their kits and packages, NOT by selling advertising. You only earn, if you ever get paid, if enough people after you buy into the scam.
Be also aware that your account will be set to a “daily re-purchase”, means your credit card will get continuously charged and drained until you are in deep debts.
See it from the other side, the site of a potential advertiser. If you would want to advertise your web site, would you choose a service that pays people just to stare at your web site? What would be the benefit for you, the web site owner? Empty, non-buying traffic and a huge waste of money and a lesser waste of bandwidth.
The only way to actually make money from this program, if you ever get to cash it out, is to sell it on to your family, friends and blog readers. But who would do that? Would you really try to convince people to buy into something what you know to be a scam just to make a buck or two?
And the biggest joke to close up this blog post about the Inetglobal scam, they don’t allow other Ponzi Scheme, and similar, being uploaded to their advertising program. Seems they are afraid of the competition! Directly from their TOS:
Prohibited Sites include:
* Illegal business schemes
* Get Rich Quick
* Ponzi Scheme
* Pay To Surf
* Scam Sites
I would LMAO if it wouldn’t be so sad! Please save your money and stay far, far away from the Inetglobal scam and similar sites.
Hi Everyone,
Recently i invested $500 in Inetglobal can anyone tell me how much money will i get daily/monthly.
jyo,
If you go back to page 4 and look for my post about the 8 ways of making money, you can find an equation that shows the total money that you will be making with iNetGlobal.
Not much buddy. Your ipoints are way too low to generate any kind of real income from your daily surfs. You need to upgrade to Gold Status $2,000. That will give you 4,400ipoints to start off with. That is how everyone does it and that is how everyone succeeds with it.
jyo,
At $500 your ipoints are too low to generate any kind of real revenue from your surfs. You need to upgrade to the $2K package because this way you start with 4,400ipoints.
I’ve been in inetglobal member for 15 days. I researched it for one week and attended one weekend seminar before I joined.
16 days later I have made $610 back out of the $2,000 I invested:
$120 from daily required surfing (this is after 50% repurchasing)
Level 1 Sign up: $200
Level 1 Sign up: $200
Level 2 Sign up: $30 (after repurchase)
Level 2 Sign up: $30
Level 2 Sign up: $30
Money is available and ready for me to withdraw at anytime. People that have joined underneath me are in close contact with me everyday, and my week is booked full of schedules to meet with their friends. It’s all about helping each other learn the system and make money. The better you are at taking care of the people underneath you the more money they will make and so on and so on.
Scam? What scam? Its only a scam if you choose to sign up people and then ignore them. The individual is the scammer, but the system is not.
It is pretty obvious that this company is a ponzi/pyramid scheme. They have been asking for $2000 to sign up with this company. They have recruits who show their bank accounts and checks of all the money they made. Someone is making a lot of money and it’s not the people under. Those at the top get the money and those at the bottom call and ask their friends and family to invest into the company.
If you want to keep your friends and family, do not recruit them into your scam.
If you have already spent $2000 towards this inetglobal scam, I feel sorry for you. Try to recruit some enemies so they lose their money, in the hopes that you can regain your $2000 dollars back. Also, if you spent $2000, please do not “invest” anymore money into the company even if you start making a profit. This is by far another ponzi scheme and uses the product of the month, internet advertising, as a way to sell their company.
I have warned you and if you still are unable to listen, I have no hope for you. You won’t have anymore friends if you try to recruit. Avoid it like the plague.
1.I am totally agree what you said here, but still lot of people they dont understand this theory, i think this should be learned from some college or university.
2. today (march11) they start increase the time to 30second, before only 20second you need to wait for next AD click. why they try to waste people time? what is their purpose to doing this change?
3. few month ago they change the AD click maximum amount from 200 to 100 per day, what is their purpose to doing this ?
4. recently US secret Service raid the Inetglobal, what is the next news ?
5. Steve Renner present on Court on Mar 4, who know what is the result? where can get those update news?
I made a software can automatic click all advertisement in iNetGlobal website, if you use my software, you need not waste you time to click those bored advertisement every day, my software can finished it automatic. If anyone have interest in my software, please contact me via E-MAIL: cloud_long@hotmail.com, I will sent a software for you. Please don’t use gmail to send mail to me, because I can’t send any attched file to you if your use google mail box.
Do not be fooled by google listing like this,
iNetGlobal Scam: Hospitalera Blog apologizes to iNetGlobal
The page is no longer accessible for a reason. Here is what the cached google page said.
———————–
Hospitalera Blog who posted that Internet Marketing Company iNetGlobal now apologizes to the company.
FOR IMMEDIATE RELEASE
PR Log (Press Release) – Feb 04, 2010 – Today, the Hospitalera Blog released the following statement:
“We are deeply saddened by the actions taken by this blog to defame iNetGlobal. iNetGlobal is one of the top Internet Marketing firms in the United States. We reach out to them with a sincere apology in hopes that we too can use the iNetGlobal products and services.
After careful review of iNetGlobal’s services and products, we find the company is real and the services are true to what iNetGlobal represents. Again, we apologize.”
—————–
All of the above is a flat out lie and the page was removed rightfully so, but google has still cached the PRLOG page. Do not be fooled. Anyone can write a posting on PRLOG and claim it as their own.
Yes, I found this faked press release and contacted PRLOG immediately and informed them that the press release in question was a never issued by me. Needless to say, they took it down in a heart beat. SY
Congratulations on your lil’ victory Miss Robinhood..:)great job indeed and well publicised too. Its these small happinesses in life that keep people pushing on with it. When’s the next Nobel committee deciding on who gets the cyber-peace prize ??
If you want to try this integlobal scam out. Make sure your recruiter will guarantee on paper that you will make back the $2000 and more. Get it in writing that if you don’t get your $2000 back and more, you can sue him or her in court for breach of contract. This is the only way for them to guarantee.
How many recruiters do you think will stand by their product if this was the case?
Sure. no problem. I would do it. Even if they sat on their butts and did absolutely nothing to earn any other commissions by selling inetglobal products, they would eventually earn their money back in less than 9 months. However, there are certain requirements they must do:
They must click on their required websites everyday. 8 minutes a day, thats all it takes.
If they can show the court that they did indeed clicked on websites over an 9 month period each day (and this would be very easy to do because every single days statistics are tracked online in your account) and they did not receive at least $2,000 back, I’ll refund the the difference.
Whos, ready to sign up???
This blog has now turned into a circus…hahaha !! SY and others are surely grinning from ear to ear, looking at the SERP and other ratings this blog is receiving. This is entrepreneurship at its best..lol.
You guys squabble it out here trying to prove Inetglobal is a scam…when others quitely rake in some serious dough (myself included)…LMAO.
Cheers to Hospitalera and her team of followers !!
I joined as a Consultant (with $500) couple of days ago how many members do i need to go to next level i.e., Gold Exective.
Thanks
1. You would need to be a consultant at least 30 days.
2. Within that 30 day period you would need to sign in at least two other consultants.
3. Your total group sales volume needs to be at least $2,000
Then I believe you would be able to move up to Gold.
After listening to the sales pitch and doing the researches online, it is pretty obvious that inetglobal is built upon a ponzi scheme. Yes, there are many people who can make money, but so do most of the victims of ponzi schemes before they collapse. You can see that it has to be a ponzi scheme by looking at their business model and where do the money those people have made come from. New members get paid about $8 a day for staring at about 20 websites for 20sec each and that rate goes up a lot as one builds his down lines. There is not a single company in the world that will pay 40c per click for a non-targeted 100% bounce rate traffic. If you know any company who is willing to pay that much per click for complete worthless traffic, let me know and I can sell them some packages that is a lot better.
The other clue as to why those clicks are worthless is that if there were really anybody paying for those clicks, why would they limit one to do 20 clicks per day instead of letting you surf all day long and pay you even 10c per click to make over 80% margin? So who is paying for those clicks? Only those new members who join and bought those adpacks. As long as the inflow of money from new members coming in can sustain the payout, people inside will be happy and telling everybody how much money they have made and keep recruiting new members. But the scheme will collapse as soon as the pool ran dry, just like any typical ponzi scheme. By that time those people in the top would have already made enough money and people in the bottom will left out dry.
Hi Kev,
I’d suggest you study the Inetglobal TOS thoroughly before making your comments public. Read all the disclaimers. There’s a “Possibility” of making a lot of money with Inetglobal using the tools they provide. Net surf is just “one” of endless possibilities. The people who are making very good money with inetglobal are not completely dependent on the “Ponzi” scheme as you make it out to be. They are actually using the tools to build cool websites (which would otherwise cost anything upwards of $500, listing their businesses on V-Local directory (normally $800 for a year, but included in any executive package), selling web-hosting (I know a guy who sold over 250 hostings), adding ad banners, selling webinars and on-line training kits, creating traffic exchange via their own websites….even using the money transfer tool to remit money between countries, and so much more. Can you name just one company, who will pay me for surfing, and in addition, provide all of these ??
Half-baked knowledge leads to speculation. I would also recommend attending a “Freedom Conference” with a paid member, which I am sure, will turn out to be an eye opener for you. There’s no free lunch in this world, and we all know that. Every member has to put in effort to build a successful on-line business with Inetglobal. Like someone said in this blog earlier, you can choose to jump to conclusions and be on the sidelines, uselessly trying to prove a point OR take your destiny in your own hands and make the best of it (and no, I don’t work for the head-office incase you’re wondering !!)
Let me ask these questions then, why are inetglobal “employees” trying to recruit people who have no use of all those services you talked about to buy the adpacs that they will never use? Would you be able to use those services for free if you and your downlines hadn’t been recruiting new “employees”? Those inetglobal “employees” are selling the adpacs as a good investment. You invest $2000, you don’t have to do anything besides doing the mandatory daily clicking to get $2000 paid back in about 9 months and then you will be kicked out for not recruiting new members. But any person you brought into the family will bring you some extra bucks. In a nutshell, this is how this scheme works:
1. You deposit $2000 to your employer
2. Your employer says that he pays you to click the ads for 8 minutes a day. But we all know that those clicks are worthless, your employer actually pays you from the $2000 you deposited.
3. If you sit there and just click the ads, you get fired after your $2000 deposit has been exhausted
4. Your real job is a sales person for inetglobal. Instead of selling a service people need, you just need to convince others that this is an easy money making opportunity
5. When you have build all the employees below you, you can just sit back and have them do all the work for you while you collect your money and enjoy your free services.
The problem is what happens when everybody in the world who can be an inetglobal employee has become one? Who would pay for all the employees by that time?
I’m not saying that you can’t get rich from this scheme, I am pretty sure lots of people will get very rich this way. But the way inetglobal tries to sell the services is completely unethical.
hi, kevin , you are right.
1. I am recently get in this blog, very interesting blog,
2. now they increase tthe time to 30second , they think people has much of time ?
3. who can explain this company is a Ponzi by using some real data or formula? this way will let people understood it deeply
4.unethical
5. is my reply will let all people to read at the top , i dont know how this blog posts works
Wow, i have been reading these blogs for sometime now but have yet to SEE anyone who is an inetglobal member who has been done wrong. You are preventing yourself and others from making real money. Please check out the Better Business Bureau of Minneapolis MN where the company is located where you will find the company graded a B+ plus most importantly NO COMPLAINTS ABOUT INETGLOBAL IN THE LAST 36MONTHS.
All those who are negative about inetglobal are those who have no idea and have never been members…does that tell you something? Please end the negative blogs and speak from experience if you have one, otherwise don’t speak because you do not convince anyone. I am an inetglobal member and have been earning some good dolars. Like many others i was at first a skeptic but once i joined and began earning money, it is fantastic. If i had read your blog before joining, i may have never made the decision to join and i am glad that i did not find your blog before joining.
Thank you,
K
Thanks for your comments. Here is the link:
http://www.bbb.org/minnesota/business-reviews/internet-services/inet-global-in-minneapolis-mn-96129327#ratingdetails
I hope hospitalera will allow it here.
Best wishes
It is amazing how easy it is nowadays to access usefull info regarding a topic. Today I got a call from a so called ” investor” trying to persuade me this is a great business. He was so enthusiastic about what hehad done and he was braging to me that he made a great decision in starting a new “Business”. When he started explaining to me, I realised right away that a new victim of ponzi scheme is looking to lure new victim and he is trying to get me in. After het got my cold answer that I am not helping any pyramid scheme scams no matter how much money I may made short time, he hung up and I started seraching this so called “great business model” and right away I came across this blog. I almost read most of the posts and it is again amazing how some people decide to close their eyes and be a kool-aid drinker.
No, thanks. I am not buying BS promise of this Inetglobal. Thanks to hospitalera for keeping up this great blog. God bless you.
Thanx for the info Sean. You say you got a “call today” and you have done you’re
research from this blog and came to the decision that inetglobal is scam.
I mean…you didn’t even have to go to one meeting to figure this out.
Wow,I’m so impressed.Keep us informed of any other scams eh?
Your mother must be proud of you cause I sure am,you sure out-smarted that “investor” haha
With your info,I might as well give inetglobal the money back I have earned from them.
Oh yes,I almost earned my 2K back within the 1st 3 weeks. If you can borrow some money
to get in,I’ll even show you how.
No Thanks. And I am not wasting my time with their BS seminars. No this blog was was not the source to find that Inet is scam. SEC website and their definition of this type of scam was. Maybe you are a smart alec and think know better than SEC. I don’t deny you probably made some money, however you made it by taking some new victims into this dirty game. Same as playing high risk stocks and getting involved in pump and dump scheme. There are always cheer leaders who claim have made tons of money to persuade others they can make the same and take them in. This company doesn’t have any product or service just garbage internet traffic to some cheesy websites.
By the way, they guy who attended their BS seminar and tried to recruit me told me they create traffic for those websites to bring them up in Google search LMMFAO. If so, why inetglobal doesn’t make enough traffic to compete with this blog? Why when you search inetglobal scam in google, this is the first link that shows up?
perhaps because you google inetglobal scam – and this blog is called inetglobal scam
I digged a little bit more. Here is the definition of Auto Surfing by SEC( US Securities and Exchange Commission):
http://www.sec.gov/investor/pubs/autosurf.htm
And here is the extract of the above website:
“While auto-surfing may sound easy and appealing — and risk-free — there can be a hitch. Some auto-surf programs require their surfers to pay to participate, although perhaps not initially. When you first sign up to auto-surf, the firm might assign a limited number of sites for you to visit and pay you accordingly. Once you’ve made a modest amount of money, the firm might encourage — or even require — you to purchase a “membership” so that you can maximize your earnings. The program will promise high — often double or triple digit — returns on your investment in the program, often within days or weeks of joining.
The line you’ll hear is that the more you click, the more you collect. But the reality is that any scheme that requires you to pay to participate — and promises handsome rewards in no time at all for little to no effort on your part — bears many of the hallmarks of a “Ponzi” or pyramid scheme. These schemes look deceptively legitimate because the fraudsters behind them typically use money coming in from new recruits to pay off early stage investors. But eventually the pyramid will collapse when it gets too big. It’s simply not possible to “rob-Peter-to-pay-Paul” forever.”
Thanks Sean. Guys i am here again to say that we have no doubt that you guys are making that tons of money but as Sean quoted “rob-Peter-to-pay-Paul” forever” and basically “Peter”, from the quote, will be a friend, relative or a close friend that you bring. So the question that comes down to me am I willing to deceive my friend so i can be rich?
Certainly for the 50,000 members in INetglobal, it is a life opportunity so who cares about the friend as a naive thinking they will say “i got my money then will be able to get it as well”. But myself and other money people won’t lose brother, friend or relative for money.
Wrapping point, Q) CAN YOU MAKE MONEY WITH INETGLOBAL. A) YES YOU CAN.
But take a minute and see your decedent and see how many strangers are there? i could assure it might be zero. If you have most people as strangers then you are so smart and i give you a bow.
Cheers
I agree, people who are in may or might make money out of it. Afterall, this sort of ponzi continues untill it collapses. Also, if the goal is only money making and legality or being ethical is not a concern, then why not selling drugs, or trafficing people or even opening a Escort Service? Afterall, people pay good money to pimps for good chicks, and it is “business”, isn’t it? Making money is something, the way you make it is something else.
By the way, if someone has criminal record for not paying tax to government, I would double think before giving them my hard earned $$$.
“But myself and other money people ” – i want to be one of the money people as well, could you please give me any suggestion/idea.
… May i ask you what you think about stock options? … selling naked options on volatility index? if you can teach me that i’ll be sending you 1% of all my gains from that 
i get it about high risk stocks – and i wouldn’t agree with you – there is no such things like high risk stocks – it is a lack of knowledge and experience, and public (which unfortunately in most cases means media) beliefs. Would you consider a bicycle dangerous? – i fell and damaged myself so many times – i lost count
If all the people from here like your advice, i am sure they will happily leave inetglobal.
If you know what to do, you should help people – that’s what good people do – i’ve heard ones: “if a good person doesn’t do good things, that means he does bad ones”.
if you don’t know what to do, how can you tell if the others do wrong?
thanks
It seems you got it wrong. Do whatever you want to do. I got a phone call from a Inetglobal member trying to deceive me and recruit me, and I said “Thanks but no, thanks”. That’s all. And then found this blog the best place to share with others my opinion. You are free to do whatever you want to do with your money, but if you are hoping to find new vidtims and recruit them to get your money back, I am not that sheep.
Your level 1 people will always be your best friends
Your level 2 to level 4 people will always be your good friends
Your level 5 to level 10 people, (most) will be your new friends for life as they begin to make money and meet up with you time and time again.
Your level 11 to level 25 people will be people thats heard of your name or maybe seen you once or twice. And they will use your successful account as an example to help make themselves successful as well.
Level 26 and beyond….yea they strangers.
And what of the people in your level 5 and 10′s that aren’t your friends? Well they decided that this business just wasn’t for them, they clicked away each day, they got their money back no hard feelings against you.
It is just so funny to see all those inetglobal members in this board swearing left and right that inetglobal is not a scam because they almost their money back or are making money already. Who says that everybody has to lose money in a scam? Many people are making money, and in most cases a lot of money, in ponzi schemes before they collapse. Have you ever heard Bernard Madoff’s client complain to anybody about how much money they were making before it collapse? I am glad that some of you are making money, but you do realize that you are making money off the friends and family members you suck into the system, right? Then their argument will be that everybody will be making money, but we can see in a moment that is completely impossible. Let’s say each inetglobal member and his/her underlines form a business unit under inetglobal that is sort of independent besides having to pay commission to its uplines. Unless inetglobal is running some sort of charity, each of those business units needs to be profitable to survive. A business makes money by selling products or providing services. The only services the group provides besides recruiting new members is for everybody to click about 20 ads a day. We know from the posts above that inetglobal only pays $1 for 1000 clicks if one doesn’t buy the adpacs and that is probably close to the value of each click. That turns out to be about $1 a day for a group size of 50. Therefore the only tangible source of income for the group is going to be from new members that are sucked into the group and bought those adpacs. Part of the income has to pay commission to the uplines and part goes to inetglobal’s pocket and the rest are distributed to the employees in the group. The higher up in the chain, the higher the payout. It is a scheme that is basically redistributing the money from new members to their uplines. So for the group to be profitable, it has to be expanding at a faster rate than all the payouts. Have you ever seen a bubble that is ever expanding and never burst? When it does, people at the bottom of the chain will be hurt and that is going to be a fact.
Hi Kevin,
Thanks for taking the time to write those comments. I am probably a rare person, who after 9 months in this business, does not have a single downline. Can’t blame anyone, but I never really tried hard enough to recruit. I am a Limousine driver and hence, have no time at all.
BUT, in the last nine months, my daughter has been diligently clicking away everyday, AND I have made my $2000 back in six months, and still am receiving money into my account. So what am I missing here ?? Who’s funding me, since I have zero downline ?? From my limited knowledge, a Ponzi scheme is funded by new members and the uplines are always the beneficiaries. If no new members join under you, you don’t get paid. So can you please logically explain how I am seeing $30 plus in my account daily ??
Thanks
Hi Muhammad,
I asked the guy who tried to recruit me about what if I don’t recruit anybody and just do the clicks? His answer was that I wouldn’t be able to do that forever and I would be kicked out after I get my “investment” back in about 9 months. If that weren’t the case, I won’t mind risking my own $2000 just to see how long can inetglobal afford doing this and I bet that I can write a script to do all the clicks for me automatically everyday. You seem to be getting money back faster than what he claimed, that is probably because you are an earlier adopter which has a better payout rate than what it is currently and the TOS is more generous. It is pretty common for company to lose money on some deals as loss leaders for advertising purpose, especially at the beginning. So enjoy it while it last.
Thanks Kevin, but you just contradicted yourself. You said “Therefore the only tangible source of income for the group is going to be from new members that are sucked into the group and bought those adpacs”….I HAVE NONE UNDER ME…though it’d be nice to have someone. So I’d like to know from all the “knowledgeable” ones here..Sean/Kevin/Mo/SY…how this is happening ?? The terms of services are the same as they were 9 months back (I have a hard copy). Please help me understand why am I getting treated like a VIP ??? Just because I joined before most ??? I think not!!
If you wait for a few more days/weeks, the FBI and IRS agnets will provide everyone with enough cluse how this scheme works.
Take care
Kevin,
Could you share your last name as well so that your ignorance can be spread widely? “The only services the group provides besides recruiting new members is for everybody to click about 20 ads a day.” Did you even take the time to read through these post? Have you done at least some research about iNetGlobal before manifesting words on this forum? I’ll give you the benefit of the doubt and give you a hint: iNetGlobal sells multiple packages/services, and clicking contains 8 different ways of making money.
TJ
PS: Please do your research before posting comments. I might have carpal tunnel one day because of this forum.
Hi TJ,
I am of course aware all those services inetglobal tries to sell. The standalone prices for those aren’t even closely competitive with all the other ISPs out there. I feel sorry for any business who pays money to advertise in inetglobal which just forces its members to stare at those pages for 20 sec each and click away robotically. Advertising money spent with google will be a lot smarter. As for its search engine goes, what a laughing joke! I manage some pretty large websites and it doesn’t even register a blip in the radar in google analytics. If you just sell the services to businesses who need them, that is a legitimate sales job. But the inetglobal sales force out there aren’t even interested in selling those services at all, but instead they are selling it as an “investment” opportunity regardless if one has any need for any of those services. The $2000 package was marketed as a sweet spot for the so called “investment” and that was why I used it as an example. All the different ways of making money are all just redistributing the money brought in from your downlines. I recommend you to read this FTC article about pyramid scheme http://www.ftc.gov/speeches/other/dvimf16.shtm. Do you see the remarkable similarity of the sample pyramid scheme payment plan with inetglobal’s besides inetglobal’s rate is a lot lower? Of course inetglobal can still be a legit MLM business if most of the sales are to non-members, but I bet that most of the ad sales volume are from new recruits who have no use for them. Inetglobal simply uses those services and their claim that they pay people to surf to hide its true pyramid scheme nature.
I don’t know what some people are talking about but I’m making on average $56/day just by myself clicking on 25+ online ads in 15 minutes. So I guess that makes it a scam even if the money is real!!! Obviously, some people need to get REAL 9 to 5 jobs for the rest of their lives if clicking on 25+ online ads 15 minutes/day is UNREAL to them.
So you think you know better than Government officials regarding Ponzi Schemes, right?
Check this link:
http://www.sec.gov/investor/pubs/autosurf.htm
That is right Sean. I know better because at the end of the day only I have AUTHORITY to decide what happens in my name. Have you decided anything in my name that has made a positive difference in my life? The answer is obvious.
@ Muhammad
I think your post really sums it all up, and this thread should end here. The key here is inetglobal safe? Is it some kind of scheme that is going to cheat people out of their life savings?
Muhammad signed up for inetglobal for $2,000, but did not recruit anyone else. He was able to earn his investment back (although over a 6 month period) through daily clicking. I would imagine though Muhammad that your iPoints will eventually expire and no more money would be coming in after that. However, he understood this and took a chance. He got his money back. There are many inetglobal members who made alot of money for themselves by investing with the same $2,000.
@Sean, you now trying to convince us that the government knows better? Great job Obama is doing so far helping the economy. At least there are companies like inetglobal helping people generate extra income during these tough times.
@Kevin, Madoff ran an investment firm which fooled people to invest 10′s of thousands of dollars to hundred of thousands into his ponzi scheme. Depending on how rich you were like Kevin Bacon, gave the guy millions and lost it all. Ridiculous comparing inetglobal to Madoff.
I think there is no need for anymore debate. Muhammad says it best “my daughter has been diligently clicking away everyday, AND I have made my $2000 back in six months”
For all you haters out there that keep spouting out repetitious idealistic jargon, forget about it. your not gonna convince anyone reading through this blog that inetglobal is a scam. Inetglobal is an opportunity, but if your not cut out for MLM or if you aren’t into networking and sales then stay out.
pjemblem,
I really suggest you to read this article http://www.ftc.gov/speeches/other/dvimf16.shtm which has a detailed example on how pyramid and ponzi scheme works. A $500 investment per person for a pyramid that is only 4 levels deep turns into a profit of $33k for the con artist and when the pyramid collapses, 89% of investors lose money. Inetglobal’s pyramid requires each node to have at least two to three direct downlines to maintain the executive status, and you can calculate for yourself how much money would have been lost had the pyramid collapsed when it reaches 26 levels deep using a number from your previous post. From the article, it is also very clear that the key difference between legitimate MLM systems and ponzi schemes is that ponzi schemes require continuous recruiting of new members while legitimate MLMs mostly sell to non-members and we all know what side of fence is inetglobal on. Granted that losing $2000 isn’t that big a deal for most people, but that doesn’t make a scam legit. I can even argue that most of those people who has made money from the integlobal system are victims of the scheme as well. Considering the amount of time they have to spend to attend meetings, to vigorously convince their family/friends to join the system and to help the downlines to talk to their prospects to join, most of them aren’t even earning the minimal wage and inetglobal doesn’t even need to pay any of the overhead needed for employee benefits, training, hiring and terminating employees. However unethical it is, it is still a really brilliant marketing strategy for inetglobal to come up to use the false promise of “get paid to surf” and “financial independence” to lure people in to be their sales team using their deposit to pay for the surfing initially. By marketing its services as “investment”, inetglobal has made everybody in every country a potential customer which must have expanded its addressable market by at least a few orders of magnitude. The only smart guy here in this board is Muhammad. He doesn’t need to drag his friends/family into this mess and after getting his $2000 back, he is making $30 for 10 minutes of surfing which is equivalent to about $180/hr. Not bad while that lasts!!
u all got the idea wrong. u get 0.4% of the companys daily revenue at which the company payout 70% of total revenue. so if the company didnt make a dime that day, and even if u’re the head of all downline, you also dont make a dime for that day. income-wise, regardless of any other products or whatever. membership fee alone (40$/month) with current 85,000+ member is already a big enough amount for payouts. not even looking into every other services yet. i wouldnt call all ponzi structured companies scam. nu skin, herbal life, excel, market america, monavie, etc. all take MLM structure. i understand ur side of defense but its only caused by ur insecure due to lack of trust and deep knowledge of the company. kind of like ebay when it first started. everyone think its a big scam. it is true you wont loose the money u invest but after u get ur money back, ur income will drop. NOT completely gone but iNetglobal takes away the starting 4400 points. So however much points you saved up to ’til the day you made $2,200(NOT including downline partner’s earning)(est. $200 in interest, Report’s generated daily to show how much you’ve made back so far). But let’s not go into every technical detail because that will be too long to explain here. The only thing you should know is that the company basically guarantee you that you will make the investment money back but if you don’t work hard, you won’t have that residual income everyone wishes about. very minimal income if you can’t find any partners. sorry to know 90% of the people that do inetglobal doesnt got an egg clue what theyre saying. all they know is click ads and mislead by inaccurate infos. they told me a lot of false statements such as traffic brings ur google page rank higher. that is false. yet i still do it because i have a correct knowledge of whats goin on. its very unprofessional to argue. perhaps getting a better knowing in a nicer manner would be more beneficial to both parties(believers and non believers)? if u have any confusions that needs to be cleared up, feel free to contact my email daviddong1990@gmail. Now, let’s act like adults.. shall we?
SY…remember me still?I dont see any comments/observations from you and I too havent posted anything since quite a while.I guess you have given up…..and I dont blame you. And people who follow this blog might have seen my earlier posts…yes I am a Inetglobal member.I will keep my feelings towards Inetglobal to myself(seems futile posting our feelings and observations here).But correct me if I am wrong…..since some-time only a certain bunch of people, for and against Inetglobal,are posting…..and if one looks at your posts one would think this blog is a boxing arena for a select few with possible personal vendettas.Why?Just be decent people and just lets all go about our lives.If you want to put your observations just dont direct it against anyone.Not going to help anyone.Cheers everyone.
http://www.startribune.com/local/85054067.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUs
Looks like the Feds might be closing this scam down. http://www.startribune.com/local/85054067.html?page=2&c=y Click here now: [PANIC]
for all of you who thought they weren’t a ponzi then don’t read this. There offices were raided today http://www.startribune.com/local/85054067.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUX
it looks like they got raided, lol: http://www.startribune.com/local/85054067.html
Why do people fall for these things, anyway.
Agents raid Mpls. Internet company, suspecting a Ponzi scheme
“Federal agents raided a Minneapolis business owned by local musician Steve Renner Tuesday morning in what authorities are calling a suspected Ponzi scheme.”
“The apparent focus of the probe is iNetGlobal, which bills itself as an Internet service provider and marketer. According to a person who works in the office and did not want to be named, iNetGlobal is essentially a club that charges members $2,000 each to join. In exchange, members expect to make money by surfing the Web or having others click a button showing they are visiting partner websites.”
I cannot believe people thought this was legit?
http://www.startribune.com/local/85054067.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUnciaec8O7EyUsl
From the Startribune.
http://www.startribune.com/local/85054067.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUsZ
Federal agents raided INetGlobal today…
Thank you everybody that posted links to the news about Inetglobal. At the moment my thoughts and prayers are with those people that were scammed by Inetglobal for their money. And I hope that the bank accounts confiscated hold enough to give those scammed by them their money back. End of the week I will write a round-up blog post and I think then we can close this debate here. This is now in far more competent hands then those of a skeptical blogger and her readers, SY
GET READY- The Star has made an ERROR and they will re-tract- looks like you were wrong yet again.. Inet is not a scheme, It is a very legal and viable successful organization that sells hosting and advertising products. Products that are now (as of today) illegal in China, The Chinese are now required to register their domains, a sad day for china movement rights- The Chinese launched this investigation, not the American people.
HEADLINE – The Chinese are successful at stopping the success of yet another American company, and also tighten control on their own people- This is not a sad day for inet Global this is a sad day for Americans because another successful company helping US citizens get out of debt just got temporarily closed down by request of the Chinese Government- How come that wasn’t in the Star Tribune – looks like you are out of a job too
no more checks to you to keep this blog going… i hope no one thinks you do this for free- lol
take care
It was not the Startribune that raided yesterday the office of Inetglobal and took boxes of documents and several computers with them it was the FBI, Secret Service, IRS-Criminal Investigations and the Minnesota Financial Crimes Task Force. As for your “Chinese Conspiracy Theory”, I pass on that one, it is simply too incoherent. Do you have any proof for that? SY
http://ibnn.org/minneapolis_star-tribunes/
It appears the Star Tribune newspaper published a misleading story that sounds funny and idiotic
‘We have 3500 Chinese filing a suit that said this.’
Well, shove it up your ass. I for one don’t care. I will keep on making money regardless of who says what.
The link you gave doesn’t work, seems to me the page you try to link to doesn’t exist anymore. As for the web site itself, ibnn.org, do you know that it is registered by Steve Renner, the owner of Inetglobal? See: http://who.is/whois/ibnn.org/ And the Chief Editor of IBNN, Don Allen, is V-Media Marketing’s vice president-general manager? V-Media, a daughter company of Inetglobal? Therefor this site (ibnn.org) can’t be considered an independent source of information! SY
http://globalgrind.com/channel/news/content/1411188/Star-Tribunes-newspapers-bias-reportingAgain/
Yes, this is a cached page that shows the original article first published on ibnn.org. As I stated before: The domain ibnn.org is registered by Steve Renner, the owner of Inetglobal! See: http://who.is/whois/ibnn.org/ And the Chief Editor of IBNN, Don Allen, is V-Media Marketing’s vice president-general manager. V-Media is a daughter company of Inetglobal. Therefor this site (ibnn.org) can’t be considered an independent source of information! SY
I don’t care! I DECIDE what happens in my name at the end of the day. For your information, that decision is to make more money in less time! UNDERSTOOD? Good
A TV report here: http://kstp.com/news/stories/s1432202.shtml
News is out there in different sites, including MSN: http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=ACBJ&date=20100223&id=11144231
Love it…. Where is TJ, Charlie and the rest… Ive insulted from TJ like there is no tomorrow about my ignorance in the subject, so lets see what he thinks….
@ Hospitalera, please kindly let this blog open for sometime so we see the defenders’ reaction
Dude,
I feel your emotion, but remember, we are not posting to fight each other or to knock down the other party. As a fact the first thing I did when I read and watched the TV report regarding raiding Inetglobal ofice, was calling my friend who tried to recruit me and advised him of such incident and asked him if he could cash out, although I really doubt as he is almost a new member himself.
I know that InetGlobal fans, especially those who were fed well by getting partial of new victims membership were stubborn to see the reality. Even if you show them the official link to govenment site that defines this sort of business as Ponzi Scheme, the related chalk and cheese and started talking about president Obama’s policy. I don’t blame them at all. Greed is a big factor to close your eyes on reality and live in la-la land.
Finally, I hope those people who are newly taken in, can get the whole or part of their money back. If not, consider it as a fee for a lesson. An expensive one.
God bless everyone.
I have no intention to close this blog down. Nor to lock this particular blog post. SY
Hi Mo,
Thanks for waiting to see our reactions and loving it while thousands of people are potentially losing thousands of their hard earned money. I will still defend the Inetglobal offering, since I am convinced this is no Ponzi scheme (which will be proven in due course).
Whether people get their money back…is anybody’s guess.
Thank you SY for the fine Lady that you are (proves a fine quality when you convey sympathy towards most of the victims, even when many got personal with you)…you stand out and my salutes to you. This is my last post.
Charles
I have been involved with Direct Sales companies (MLM) at the highest levels for 25+ years as an executive and founder. I had the chance of attending an INET Global meeting on Feb 6 & 7th with many of the corporate officers including Steve Renner. Since I was invited by a long-time associate and top money earner in other companies who was also looking at INET, I was given access to Steve and others.
I sat in on the compensation plan meeting and heard them explain the program. It made may hair stand on end. I immediately told my friend I would not get involved as it was a classic ponzi scheme and at best was a “security” for sure. The idea that they were selling adpacs to only those that were involved in the program and they didn’t even have a website. Then they were reinvesting their money on a daily basis to earn a share of the “common enterprises.” How can anyone not see what it was. When Steve asked how many actual had a website, only 6 out of 50 raised their hands. Then who was using all these adpacs they were selling on a daily basis? No one!
People were investing $2000 to get a piece of the action, even though they are told they could join for $59 (?). They were bragging about 70-yr olds who didn’t even own a computer or know how to send emails that were making $40,000 a month.
I was then told that I would receive an opinion letter from a top notch MLM lawfirm that would dispell my opinions. The following week I also received a call from another individual that was recently hired by the company to correct the problems with the pay plan and that the letter was still coming. Now this person is a veteran having built a couple of billion dollar organizations and he though the program was legit. Even the best can be blinded.
People were investing $2000 to get a piece of the action, even though they are told they could join for $59 (?). They were bragging about 70-yr olds who didn’t even own a computer or know how to send emails that were making $40,000 a month.
Sure they had a good front end and they were selling some legitimate services but all the money was being made by recruiting others. I don’t care what the printed material says, “If it walks like a duck and quacks like a duck, IT IS A DUCK!” Sales have to be made to those not participating in your program. They were not.
I feel sorry for those who lost money, however, greed will get you every time. Take the time to do some research, especially when there is so much information contrary to what you are being told.
This will be my last post.
Thank Sean.
I apologize to everyone for my reaction. I don’t really love seeing people losing their money. I was avid follower of this blog and really learned from it.
Thanks Hospitalera for such an eyeopener blog.
Regards to all..
The earliest victims are always your family and friends. silly!!!
double comment removed
I removed your second comment, as it was an exact duplicate of one I have already answered to, see above for that, SY
Why no body explain about products and services that receive Small business from iNetGlobal?
))
If you buy package for $ 2,000 you have unlimited options to make the best advertisement online.
I can create and manage my Websites with very good software using 700 templates and follow easy 7 steps. If I want to change something I don’t need to pay somebody to do that. And I will save few 1,0000′s Dollars for developing and maintaining of my Websites. I can create as many as I want websites.
Who gives you that: only iNetGlobal?
“V-Local” is the biggest competitor of Yellow Pages and all other smaller directories. If you put your advertisement on V-Local.com, potential customer can see all info about your business, videos, pictures, coupons, events and you can upload new info very easy and manage your account. This included in your package and you don’t pay additional amount. Nobody gives you that online options in the world except iNetGlobal !
If you go to other Directories you can find only name, address, map but never find details about business.
When you Surf you earn Adpack and then you can use to advertise in “@cesse” the search engine of iNetGlobal. Yes, more than 65,000 people watch advertisements every day, but this is a real people and they are potential customers. When I Surfed, I found a company and have bought a software to watch more 359 TV channels on my computer.Al members of iNetGlobal are real potential customers for every business.
Steve Renner and his team have created the best online products for Small business for the cheapest price.
Yes, iNetGlobal has become the biggest competitor to Google search engine, Yellow Pages Directory, all Web designers, online news and to all other online companies that don’t have good products like: pay per click, make your video etc. BUT that is the free market, if you want customers create good products for them!
And I don’t know who create this Blog, but PLEASE before explain for business’s details of iNetGlobal become a member, understand business and all opportunities and then make comment…Nobody take money from members’ credit card for Repurchasing, we make enough money in our V-cash account to do our repurchasing
I appretiate INETGLOBAL because it gives me freedom in my online marketing for very cheap price.
in response to Mike Mannu… WHEN is recruiting NOT the life line of any organization? If companies stopped hiring they would go dead, if people stop spending money in stores..industries would go dead- Of course Inet needs people- even ‘Facebook’ without Faces would be just book…
Recruiting and referring are the key to any companies success I didn’t purchase Inet Global to be rich over night and be greedy. thats ridiculous I bought an online inet Global package to help maximize my current online business and it did. Inet Global helped me reach number 1 in my niche on Google, and I have received over 19 orders as a result- Inet Global GIVES the option to MLM or not so Sometimes i refer it and sometimes i don’t. who cares – Inet Global is a legit company, refer others or don’t.
my thoughts go out to the people that spent way to much time breaking people down that were happy with their purchase- leave people alone when they are happy. inet Global members are happy
Does your thoughts go out to the people who shut down grow-up houses? How about those who arrest drug dealers or smash human trafficking or put an end to criminals activity? After all, those people running those businesses and their clients were living happily before they got busted by officials, weren’t they?
Helllloooooo, time to wake up. Ponzi scheme businesses are illegal in so many countries, including USA and Canada, no matter if you are/were happy with that or no.
Sean, the {personal insult removed by blog owner} again. Sean, you will never amount to anything in life if you can’t see past what conventional people do. Did you know that social assistance in itself is a Ponzi scheme? It seems that the government is ok with running a Ponzi scheme after all however when someone else runs a Ponzi scheme it is considered illegal?
Please refrain from using personal insults and swear words in your comments made on this blog! Lets try to keep things reasonably polite, especially when it comes to points where opinions differ. I am no big fan of censorship, but I will edit swear words and personal insults out at my discretion. SY
How many of you have driven 110 KM/h in a highway which has speed limit of 100 KM/H ? How about driving with 115 or 120 Km/h? Is it illegal or are you breaking the rule? If so, why most people are doing so? And what if you get caught by a police officer for highway speeding? Can you tell him : ” Look , everyone is driving over 100. Why did you pick me? I am just following the traffic”. If your mindset allows you to tell such a thing to the officer, the answer you will get is likly: “They are all driving over limit, all breaking the rule, but I CAUGHT YOU this time.” If others are breaking rules it doesn’t mean there is no consequences for that. If you get caught, you will be fined. Ofcourse , if you drive only 10 km/h over limit there is less chance to get caught ( although it is still over limit and illegal) but the more you go beyond limit, the more chance you get caught and penalized severer.
Lets get back to our own topic. I used this analogy to clear it if a company is running illegally , it doesn’t mean it is ok for other companies to do the same or other illegal activities.One company may break the law by deceiving one person, and take time to open a law suite and take them to the court. Also there is a chance they get-away . But when a company runs based on scamming everyone, there is a much bigger chance the get caught. And when officials caught them, they won’t buy their reasoning that “there are so many scammers out there, why you picked us?”
On totalldy different subject, if you have problem with Social assistance and you think it is running based on Ponzi Scheme, you’d better open a thread and start discussing it. Finally you mat get attention of public and get it to a result.
And finally, it seems you admitted in your last statement that InetGlobal falls in definition of Ponzi scheme. That’s a good start.
Interesting read on the what caused the investigation of inetglobal
http://patrickpretty.com/2010/02/25/adsurfdaily-cited-in-inetglobalsteve-renner-search-warrant-application-former-company-ceo-helped-agents-prior-to-raid-undercover-agent-joined-surf-program-agents-witnessed-spectacle-at-new-york-fu/
I am sure those supporters still think that they know more about inetglobal than the former CEO who has access to all the financial data.
Very interesting indeed @Kevin. After going through some of the last posts, I am quite convinced either:
a. You have all the time in the world to pen up such lengthy posts OR
b. You work for a competitor (which you will deny).
Guilty is not guilty until proven so. I’d suggest you wait and not jump around trying to be the hero (or the reporter). I as an Inetglobal member, will have the last laugh….and I am very sure of that. So just hold it there dude !!!
Would you please refrain from using so many different identities for your blog comments! It is getting ridiculous, so far you have posted
From the same ip address under 6 different names. and
With the same, unique email address, under 3 different names.
Please stop to try to confuse people by pretending you are more then one person. So just for the records the commentator that calls himself either Muhammad, Charles, Melissa, Brett, Sam N. and Ashton Peters is posting all from the same ip address! And the commentators called Muhammad, Charles and Brett are all using additionally the same, rather unique hotmail email address. Whom do you try to fool? SY
For all of you who continue to believe it wasn’t a scam or a Ponzi don’t feel bad. Even the SEC didn’t figure out Madoff for 10 years dispite all the warnings.
SY tried and so did others to warn you just like Markopolos did to the SEC but none wanted to listen.
You can read the Madoff story in the upcoming book by Markopolos coming out next week.
http://search.barnesandnoble.com/No-One-Would-Listen/Harry-Markopolos/e/9780470553732/
Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi scheme
No One Would Listen is the exclusive story of the Harry Markopolos-lead investigation into Bernie Madoff and his $65 billion Ponzi scheme. While a lot has been written about Madoff’s scam, few actually know how Markopolos and his team-affectionately called “The Fox Hounds” by Markopolos himself, uncovered what Madoff was doing years before this financial disaster reached its pinnacle. Unfortunately, no one listened, until the damage of the world’s largest financial fraud ever was irreversible.
Since that time, Markopolos openly has testified and questioned the enforcement and fraud investigation capabilities of the Securities and Exchange Commission (SEC), shared a sliver of this page-turning story with 60 Minutes, and become perhaps the world’s most visible and insightful whistleblower on fraud and conflicts of interest in financial markets.
Throughout the book, Markopolos and his Fox Hounds tell their first-hand story of investigating Madoff—with the help of bestselling author David Fisher. They explain how they discovered the fraud, and then how they provided credible and detailed evidence to major newspapers and the Securities and Exchange Commission (SEC) many times between 2000 and 2008, only to have his warnings ignored repeatedly by the SEC.
Provides a firsthand account of how Markopolos uncovered Madoff’s scam years before it actually fell apart
Discusses how the SEC missed the red flags raised by Markopolos
Describes how Madoff was enabled by investors and fiduciaries alike
The only book to tell the story of Madoff’s scam and the SEC’s failings by those who saw both first hand
Despite repeated written and verbal warnings to the SEC by Harry Markopolos, Bernie Madoff was allowed to continue his operations. No One Would Listen paints a vivid portrait of Markopolos and his determined team of financial sleuths, and what impact they will have on financial markets and financial regulation for decades to come.
=======================================
For your info <<<<
=======================================
iNetGlobal Press Release /25 February 2010/
For Immediate Release
Subject: iNetGlobal Press Release
————————-
On Tuesday, February 23 U.S. Federal Agents arrived with a warrant to search the Minneapolis offices of iNetGlobal looking for something to substantiate their claim that illegal activity was occurring in the business.
iNetGlobal provides a number of essential internet tools and services for the small and home based business market.
These services include: Domain Registration, Web Hosting, Email Marketing, Shopping Cart, eCommerce, Local Business Directory, Press Release, Search Engine, and Pay Per View Advertising services.
iNetGlobal offices will remain open to provide support to our 1,000's of customers from around the world. iNetGlobal will continue to provide the level of quality service our customers have come to expect now and into the future.
We would like to thank all of our Members and Customers for their support and well wishes in this trying time.
————————-
????: ?????????? ?? ???????? iNetGlobal
?? ???????? 23-?? ??????? ?????????? ??????????? ?????? ????????????? ??? ??????? ????? ????? ???????? iNetGlobal ? ???????? ????? ????? ? ?????????????? ??? ?????????? ???????????? ????????.
???????? iNetGlobal ????????????? ?????? ??? ????????? ???????? ? ??????? ??? ?? ??????? ???????? ?????????? ? ?????????.
?????? ?????? ??????? ? ????: ??????????? ??????, ??? ???????, ????? ?????????, ??. ????????, ????????? ???????, ?????????? ? ????????? ??????????????? ?????? ? ????? ?????? ????? ??????????, ??. ??????? ??? ?????? ? Pay Per View Advertising.
????? ???????? ????????? ???? ?????? ??? ???????? ????????? ?????????????? ???????? ????? ???????? ?????????????? ?????? ?? ????? ????. iNetGlobal ????????? ? ? ?????????? ????????? ?????????????????? ?????? ????????? ?????? ?????????.
?? ?????????? ????? ????????????? ?? ????????? ????????? ? ????????? ?????? ????? ????????.
————————-
? 2/23????????????????????iNetGlobal ??Minneapolis????????????????????????.
iNetGlobal ???????????????????????.
??????????? ????,???,??????,???,v-news wire????????,???????,????,?????????.
iNetGlobal?????????????????????????????.iNetGlobal??????????????????????????????????.
?????????????????????????????????????????????
So here is the Victory for ALL INETGLOBAL supporters:
http://v-newswire.com/business/inetglobal%e2%84%a2-responds-to-u-s-government-raid-on-office/#more-3627
Skeptics check this out. Inetglobal services will remain open for all.
Congratulations to all Inetglobal supporters.
Muhammad
Where is the victory you are referring to? They are still investigated by the FBI, their files and computers are still confiscated by the FBI and their bank accounts are still frozen. So where do you see the victory? SY
PS I assume you have decided now on the Muhammed identity for use on this blog, please note that I will in future change your name to Muhammed if you try to post from the same ip and email address under different names!
What more do you need to know this was a complete and total scam?
Steve Renner has done this in the past and will continue again uless he is locked up. Read his indictment in his tax evasion case. He took company money for himself that belonged to his company.
Read the statement from the former CEO. Look at his credentials, do you think he was going to lie about what was happening inside the offices of INET? I don’t think so!
Why wasn’t Steve on the website as Pres. or CEO?
Renner lied about the number of distributors!
He lied about the sales numbers?
He comingled funds and ran a ship shod business!
One other bank accounts had been shut down under suspicion of money laundering!
He lied about how long company was in business.
He payment-processing services for a Ponzi scheme called “Learn Waterhouse,” which was smashed by the SEC in 2004.
I could go on and on here.
One of the things I also found before this came down was a ran a company called Cash Cards International, which was a payment transfer organization. It was involved with e-gold. At that time it appears there were a lot of Nigerians using the service and then one day he decides to freeze all their money and blame it on the US Government. Who were the Nigerians going to complain to? Where did their money go?
If INET had made this $100 million dollars why didn’t he pay the IRS there $300K dollars and get it over with?
There are truly two people I feel sorry for and that is his two sons I met in Santa Clara, Calif in early February. The one was barely 20 and the other had left a great job to come and work with his dad, Steve. I also met Steve Allen the newly hired mktg director, married, kids and now out of work. Also Cher and the others helping with registrations. Super nice people who have all been hurt by this.
How could you do this to your kids?
I don’t know but people please check things out before you leap.
Maunu says ‘He took company money for himself that belonged to his company.’
Yeah, so? So what? It’s his company, it’s his money, he can do whatever he wants with it. It’s obvious that you’re an employee working a 9 to 5 job for someone and unfortunately most of the people with employee mentality don’t understand this because they don’t want to. They’re comfortable within their personal bubble. How would you feel if I were to accuse you for taking money out of your salary for yourself when that money really belonged to the company who paid you that salary?
Equally interesting read:
http://hospitalera.com/inetglobal-wants-to-sue-me/
Good Luck (I mean it) SY trying to defend yourselves “Pro-Bono”…(or “free lunch” for people who don’t understand).
I works with INetGlobal from October 1, 2009.
INetGlobal is the best internet company in the world!
My video-information about the company is here: {link removed by blog owner}
I just wondering…..if I buy iPoints for $5000 , and for example, 2 months later, after I earn $500, the company will shut down.
Than , in my understanding, I can write off my taxes $5000 – 500 = $4500 as it will be considered small unprofitable business. Is it correct?
I still ask why there is not one single inetglobal member who will write on this blog about how they were victims of some terrible scam.
Where are all the supposed victims that this company has cheated their life savings from???
All you people are so concerned the victims of some crime. Where are they???
Most of them will not be able to read or write English and / or are not internet savvy enough to do a simple Google search to find this blog. Have a look at Mike Maunu’s comment above to see what kind of people Inetglobal tried to recruit. They even needed translators for their Freedom Conferences as most of the people attending didn’t speak / understand enough English! BTW, the same people that then were supposed to deliver valuable traffic to web sites which they would not understand if the web site would be in English. SY
My site in English{link removed by blog owner}
Links to sites that contain referral links to Inetglobal etc are not allowed on this blog. SY
so, my link removed by blog owner
I have another information in Internrt today: 25
Feb/10
5Inet Global Testimonials
As you may have heard in the news, there is a political dispute between Inet Global and the US and Chinese governments. This resulted in a shut down of Inet Global’s Minneapolis-based headquarters on February 24, 2010.
As members, our committment is to support this company 100% and show that it has made a lot of us very happy in it’s short existence.
Please comment to this topic by submitting your testimonials and attaching videos, via YouTube or email:
1. InetGlobal works and its fantastic!
The products and services are great it does what it says it can do and creating traffic and people looking at sites, plus getting paid to surf or to click no different to Google pay per click;
2. InetrnetGlobal is a “Great ” thing and I am a very happy member and want thngs back up and running ASAP !!!!!!!;
3. in Russian: ????????????! ? – ???? ?? ??? ???????? ????? ???????, ??????? ????? ??????? ??????? iNetGlobal. ?? ??? ?????? ? ?????????, ??? ???????? ???? ??? ?????????? ??????, ?????????? ???????? ??????, ?, ?????????????, ?????????? ???? ???? ????????.
??????, ??? ??? ????????? ? ??????????? ????????? ??????: ??????? ???????? VISA, ? ?????? ?? ?????? ????? ? ???????? ???????????? ?????? ? ????, ??? iNetGlobal ????????? ?????? ???? ??? ?????????????.
errrr…..lol.
not internet savvy enough to type inetglobal in a search engine? you think Chinese people are a bunch of apes? They don’t have Universities there?
Again…SY with your in accurate reporting about supposed auto repurchasing using our credit cards; You don’t know that the inetglobal user accounts was also in Chinese. And a large portion of the websites in the rotator were Chinese websites.
So I guess Mr. Renner chose to make sure only the English speaking western world got paid, but would choose to not pay those poor Chinese right?
What a racist Mr. Renner is!
Your question was “I still ask why there is not one single inetglobal member who will write on this blog about how they were victims of some terrible scam.” And I gave you the answer why. I never said nor wanted to implicate that Chinese people are stupid, simply that there is a language barrier. As for “internet savvy”, Mike quotes in his comment above the case of “They were bragging about 70-yr olds who didn’t even own a computer or know how to send emails” which gives one example of people targeted by Inetglobal to join them.
You should have a read of this blog post that describes a Freedom Conference and the language problem http://patrickpretty.com/2010/02/25/adsurfdaily-cited-in-inetglobalsteve-renner-search-warrant-application-former-company-ceo-helped-agents-prior-to-raid-undercover-agent-joined-surf-program-agents-witnessed-spectacle-at-new-york-fu/
I am well aware of the fact that the inetglobal website is available in several languages, but that is not the point here. The point was to answer your question why not more of the people that got scammed by Inetglobal complain here on this blog, I hope I have clarified that now for you. SY
Oh yea…every single one of those Chinese members. Over 70 years old,computer illiterate. Do not know what an A or B or C is.
I think that all problems with this competition InnetGlobal borba.Eto can not be Ponzi scheme. Not possible to withdraw money at will. Here, as the pension fund. Money derived a long time. So the system is viable, practically forever. The company’s products in demand. They exist. Advertising, web sites, search engine. Those who do not understand, if not talking about electronic products. Steve Rayner is not the only person in kompanii.Sistema business is so brilliant that one man could not think of one. For Steve komanda.Est worth it or not, his system will work. Well, and writers of English, now try to read in Russian. Sincerely …
I am not sure that I understand what you want to say. The other comment you posted consisted only out of “?????” and was therefor not approved, SY
Can anyone explain me how person can loose with iNetGlobal? If anyone won’t earn more than invested, he/she will write this off income taxes + write off part of Internet charges and so on.
Hey Anomin,
Yea, I’m a 9-5 employee. Read my first post to see my credentials or better yet Google my name or go to my website mikemaunu.com. I don’t hide behind anonymous posts. I’ve been building companies for a long time. I think it’s you who have never run a company.
Steve Renner was tried and convicted of income tax evasion. Part of the indictment was he MIS-USED company funds for himself by writing off personal expenses as business expenses. That is illegal and he was convicted of it. That is totally different than using your salary.
Also read the statement again by the CEO about how he Steve manipulate the computer system to pay different percentages. That is FRAUD and STEALING.
Get a clue and some facts because you really make yourself sound stupid.
Look CNN today
Nothing on CNN regarding Inetglobal so far. What were you referring to? SY
Mike,
I have been to your website. Unfortunately, your website doesn’t tell me much about how you measure success versus what education degrees, diplomas and certificates you have. I am not interested in your titles. I am interested in how you measure success. What I have been told and 100% believe in is how far one’s vision stretches instead of how much cultivation one has. I am a simple man and I prefer to stay that way. I don’t want to be as complex as you are. It’s too confusing, deceiving and too much of a burden.