Comments on: Pecunix Takes Proactive Approach To Curbing HYIP Ponzis

By: Pecunix Takes Initiatives Against HYIP Ponzis » Earn Money Internet

Pecunix Takes Initiatives Against HYIP Ponzis » Earn Money Internet — Sun, 13 Jul 2008 14:07:16 +0000

[...] out DigitalMoneyWorld’s entry on this and participate on their discussion. Share [...]

By: HYIP Scam - Adorainv at No Bullshit HYIP Blog, A Part of No Bullshit Network

HYIP Scam - Adorainv at No Bullshit HYIP Blog, A Part of No Bullshit Network — Tue, 25 Dec 2007 19:26:17 +0000

[...] came across the new breed HYIPs that doesn’t accepts E-gold anymore, and since Pecunix is giving warnings off with any HYIPs that deals with them, we should be seeing the skeleton image on this one. http://adorainv.com/ [...]

By: Cattysha

Cattysha — Fri, 26 Oct 2007 00:43:58 +0000

Sidd, if you were sincere about keeping scammers out of Pecunix, you would freeze those accounts that you, quote “decide whether we are comfortable with the business that is using our service. If not, we warn our users accordingly.”

Anyone who has had their feet wet in the HYIP/ Ponzi world doesn’t need more than a minute to look at the outrageous claims before they know it’s a scam. So why not abide by your own TOS and not allow the account? Instead of shifting the resposibility to the consumer?

By: Toernip

Toernip — Thu, 18 Oct 2007 15:18:53 +0000

is it true ? or just to remind the member to get more carefully for hyip

By: rob

rob — Tue, 16 Oct 2007 12:31:30 +0000

nice step to avoid complaints of greedy hyips investors and e-gold law saga interest. this is probably a new standard in e area

By: Frederik

Frederik — Tue, 16 Oct 2007 12:05:32 +0000

In my humble opinion it is a fantastic move, which as I understand give real Investments with registration and Office location a Plus.
If we take a look at it as e-gold does it right now – is nothing more then BS, and we are right now preparing a legal lawsuit against e-gold for their business handling during 1996 till 2007. Their operation are clear a fraudulent business and so is it as well right now for blocking accounts without reason.
The whole Investment scene is changing and it is a long overdue move, of course will there be scams but the way it is heading the scam systems will be very fast detected and closed down.
Great move Pecunix

By: The HYIP Blog » Blog Archive » Some Useful Links - October 16th, 2007

The HYIP Blog » Blog Archive » Some Useful Links - October 16th, 2007 — Tue, 16 Oct 2007 07:51:58 +0000

[...] If you’ve missed the news, read it now – Pecunix Takes Proactive Approach To Curbing HYIP Ponzis [...]

By: Sidd

Sidd — Sat, 13 Oct 2007 03:52:26 +0000

Hi td, your somewhat cynical comment needs careful consideration. Mark has addressed it well, pointing out the deeper effect of our policy, but there is more to add.

You write “I’ve always read that Pecunix says NO to ponzi hyips”… but how does a business such as Pecunix effectively do this?

If you are suggesting that Pecunix should simply close the offending accounts, you are suggesting the exact same solution that e-gold tried, and which obviously failed dismally. By doing this, we would simply start a vicious circle, or a race with the Ponzi operators, where they set the rules and have all the advantages, and ultimately the Ponzi victims lose. In such a scenario, the Ponzi simply opens a new account and their “investors” never know that there is a problem. When the new account is discovered and closed, the whole cycle starts again, and there is absolutely no assistance or notification to potential victims.

Pecunix exists as a service to its customers, not as an authoritarian dictator of rules and behavior. We believe our policy offers the best possible service to our customers, educating and notifying them of risks, but not dictating their actions.

By: Sidd

Sidd — Sat, 13 Oct 2007 02:35:37 +0000

Hello Larry, Your point about clarity of “acceptable boundaries” was carefully considered when we introduced this innovation. We have decided not to publish any parameters, and will base our decisions entirely on our discretion. We believe that publishing parameters will merely encourage the various scam operators to try and structure their web sites to avoid the parameters, and also opens a can of worms where there will be constant argument about whether a particular site violates the conditions or not. We are not interested in wasting our time with that.

We simply decide whether we are comfortable with the business that is using our service. If not, we warn our users accordingly.

By: Larry

Larry — Fri, 12 Oct 2007 18:29:59 +0000

Ultimately though, the responsibility falls squarely in the hands of the user, which is good about this approach. If they, after being warned, still decide to risk their gold grams, who else but they is to be blamed? At the very least, such warning should induce any person to give a second look at the due dilligence.