The interest is earned every single calendar day. For instance a deposit of 100$ at 2% per day with the principle being returned after 30 days would give you a total of $160.00 after 30 days. I hope this helps.

So, no one has attempted to answer my post of a few days ago.

I'm still wondering how this can be called a "retirement club" when such a club cannot exceed 100 members. Anyone want to try to answer that?

Also, while it's not illegal to invest offshore, a program owner still has to abide by the laws of the country he's living in. So, is P2P legal in Canada? How can it be if it's not registered? Another thing, just saying that a program is not selling securities does not make it so in the eyes of the relevant government agency.

If someone can answer these questions, I'd be very interested. I'm looking for a real investment, but some things don't add up with this, IMHO.

Sincere,

Yes, it is paid every day including weekends. 30 day plans for thirty straight days and 60 day plans, the same. In your back office you can chose detail, which gives you a daily interest reading. My 30 day plan deposit started February 1st and paid out on March 1st, exactly 30 days later.

columbusal

blah... blah... blah... same ole crap... You and GK no nothing about me! I know more than you think I know!!

And why don't you stop trolling...



Well that's something to be real proud of isn't it...

Hello Alwaysowen* Ohio came thru Tuesday

Straight from the FAQ's:

Is "P-2-P Network" legal?

Legal and clean! Although every country has different views on foreign investments, "P-2-P Network"operates in a jurisdiction where it is 100% legal to manage private funds internationally. Again people, you must ALWAYS realize / understand the fact that YOUR funds SIMPLY "piggy-back" on our own "Personal & Private Portfolio"!! If you are unsure whether you are allowed to participate in your country, please ask a registered advisor of your rights to participate in private investments, private "Clubs", funds and loan clubs (these are the categories it legally falls in).

Hi Columbusal & Austinrampt1 ,


Thank you both for taking the time to answer my question.

You have been very helpful.


- Sincere

Treebartt,

Thanks for replying.

I've read the FAQ, and, with all due respect to you, the admin saying what you quoted above does not make it so. In no way can this be legally considered a private retirement club because, as I pointed out before, such clubs are limited to 100 members under the law.

If someone can prove that this program is legal, I'd appreciate you showing me the proof. Is it registered? Again, with no disrespect intended, simply pointing to a FAQ is not proof of anything. The government doesn't care what a program says about itself or claims in a FAQ; agencies only care what a program is actually doing, and whether it is legally registered to do it. I think the CEP case offers ample proof of that fact.

Ok, if you have doubts, the easy answer is this is not for you, try Payne Weber, there you can have all the proof you want.

Layton

The problem is, people come on a forum and hype a program, and when you ask for proof of it's legality and legitimacy, no one can give you any. People are looking for something real. Just because a program happens to be paying means nothing. Do you want to be part of something that might get shut down and you find yourself having to pay back everything you made?

I am rather amazed with this 1 year program. what is the background business of it ? What is the different from other hyip if the payment plan is exactly the same with hyip with dailyplans ?

Investing in offshore Casinos.

I know you are well meaning but you are wasting your breath those that want to believe will do so, those that demand proof will be laughed at and told it's not for them.. etc..etc... only when programs like this come tumbling down will anybody admit maybe it was wonky from the start.

In answer to your questions I also live in Canada I have talked to Nick on the phone and this program is NOT legal in any way shape or form. I am not going to debate with anyone as I couldn't care less where people put their money that is up to them, but when asked a direct question I will answer it. The OSC has been contacted by a number of people and there is NO registration for this program or Nick and YES under Canadian law he DOES have to register to offer any type of profit bearing instrument..

When you are referring to retirement club there is actually NO legal definition of that under Canadian law, there is an investment club, which is generally restricted to 100 members, but can allow more if each member has signed a shareholder agreement and has been alloted shares in a publicly registered LLC

The bottom line is programs like this is that people will suspend all belief as long as the money keeps flowing and that is a sad commentary on our society.. but nothing you or I or anyone else can say will change it.. as we are built on a money talks foundation... I can assure you 100% this program is NOT legal in Canada.. and I can offer you all the proof you want from all the relevant government agencies... I realize that will NOT stop those that want to believe from believing and I am not attempting to do that... I simply hope when this fails that the people that took out the big bucks along the way get sued and have to pay it all back as well as getting charged with tax fraud just like the CEP people did.. maybe, if there is actual reason to NOT join stuff like this people will show a little more common sense done the road..

For those that will jump to Nick's defense save it, I've spoken to him and done a ton of DD and nothing I learned proved anything other than this is a house of cards and it will coming crashing down.. the only question is how many people will get hurt when it does... flame away.. I have no interest in debating the issue.. I merely am addressing the direct questions asked of another poster...

J

P.S. offline casinos.. yeah... right... odd how there is not a casino in the world that shows a 75% monthly return..yet they manage to pay Nick that somehow... somebody's lying or somebody's skimming one or the other.

well..there you have it.

I trust traderj's input is satisfactory to those who are in the "P2P is a scam" league.

P2P's been reported as he himself has indicated.

He also says he hopes:

Like I said it's all gambling.


And getting into trouble with the ABC's is another gamble you will supposedly take if you do take part in the program.


But beat the horse if you guys still want to.

It's a free thread anyways




You're fighting an uphill battle..

Don't forget..this is HYIPland.



If people want to believe something is real whether it really is or not is immaterial.

If it's a matter of cleaning up or eradicating the arena altogether, then that will be an ongoing battle.

I recognize the possibility of a "shutdown".
I'm in the program and I'm intent on finding out if I would in fact be doing so ..

then again I'd rather look forward to a secure and comfortable future-- I think I would find that to be more agreeable ..

already answered

I have not invested here and I bowed out of the debate along time ago. But I feel the need to post this one point.
Us uninformed, unsofisticated everyday schmuks would really like to get ahead in life. We are tired of trying to fill our rice bowls enough to not worry about the future. We don't have the knowledge or the connections to do so.
We would love to be able to put our pennies, dinars, euros, yens and pesos somewhere safe and reliable but don't have access to them. We don't even have the knowledge on how to look for them.
People like me invests in places like p2p because we have no other place to go. We aggressively defend the site not because we are loyal to the admin, but because we are loyal to our dreams.
If you really want to help, if you want to clean up the hyip land then give all the newbees the skill to see the crooks. To have the patience to search. And the most important of all to give us the referrals to the legit programs and biz techniques that will fulfill our dreams.
Then all that will be left is the paid cheerleaders and the referral hounds to feed on each others corpses.
To all the newbees read, read and read before you invest a dime, ruble or franc. There are good people out there that is doing exactly the above. You got to do the work and find them. You will lose money along the way. Think of it as tuition into the investing on-line school. The only way that you will truely lose the money if you stop trying and learning afterward.
This is only my opinion and it ain't worth much.
As always good luck to everyone.

This stands in the terms !


Private Transactions

As a private transaction, this "Club" is exempt from the US Securities Act of 1933, the US Securities Exchange Act of 1934 and the US Investment Company Act of 1940 and all other rules, regulations and amendments thereof. We are not FDIC insured and are not a licensed bank, security firm or any other type of investment house, trader or broker.

Luck is always never enough but no harm

There are legit programs out there but most are expensive to get into. To increase your odds of finding a legit one you need to 1) stay away from those that pay referrals, 2) guarantee you a certain amount of interest per day, 3)use egold etc to transfer funds around, 4)ones that dont tell you how they are investing to make their returns, 5) ones that dont have relationships with real banks, etc. Im sure there are others that people can add to the list.

I am in a real investment "club" and we are profitable but going has been tough with setting up banking, licensing, etc. We are taking baby steps but still are returning profits much larger than conventional banking. It is rather high risk--forex, futures , etc, and we actually had a small loss one month. You can get in for $100 if you leave it in for a year or $2500 if you wish to w/d profits every month. Realistically I think the best we can do is maybe 15% per month--we would all be happy with that. I think we may be doing around 3% per month now.

Good luck.....

Good* Day Everyone, i got 12 referrals but 0 in referral commissions! if a referral invests does it show or when* the investment plan completes


Hi Layton, i,m laughing*

Yeah, that's what they all say, and it doesn't mean a thing when the government comes calling. Just ask Charis at 12DP, Buck and the Judge at Global Online Depository, Trevor at CEP, and others that you can find by doing a search on it.

CVKent, no matter how much is expounded about any program, there are truly only a very,very few that will abide by the info available as to whether it is legal or not, true no one has to take any ones word for it, the info is readily available from the source, but does it make any difference? No it dont, you can tell people until you are blue in the face to not go in to debt or put your life savings in, does it do any good, no it does not they only look at how much they can make the next month, they never stop and think that like any thing, it cannot be guaranteed to be there tomorrow, nothing can, thyen as you and I both know, when it is not there, they always say they did not know, but in reality it was the greed factor that kicks in. Sure I have made good money here, but I went in with my eyes wide open, and we have followed each other for a while in other programs, some paid, some dont, but I dont complain about them, that is just the nature of making money on the net.

The best thing I could tell any one one their first time of trying to make money on the net, is to most definitely do not rush into it, just use Google to the utmost and accumulate as much knowledge as possible, not only in the program you are interested in, but all programs in general, that way you can gain a generalisation of how they all work.When any o0ne asks me how some thing is doing, if I am in it, I tell them how it is performing for me as of that time, and I also tell them that there is no need to rush and get in, because if the program is performing, it will be there when you are ready, if it isnt, you just saved some money.

Layton

People will always have concern about P-2-P so it's you own decision if you will join or not.
For me, i don't see this program as a hype and there is simply no way this program will get shut down !!!

And you know that how?

BTW, that's what Trevor said about CEP; I got that from a friend of mine who lost big there.

Good post.
Newbees Cut and paste this one. Its a good start.

Hi ISYP* Your signature doesn,t WORK

I'm very sure but it seems, that you are not !
And about your friend, i know there are many scammers out there.

Detractors can try to dissuade using their logic and deductive reasoning all they want.


Believe me I've been in your shoes with PSX

People with a dream and hope will always be a ready market as long as the arena exists.

The arena is just craps and people shouldn't forget hyip 101..




Hey at least a healthy debate is always a good thing.

What kind of person would hope such a thing for anyone? Geez...

I'm not going to argue about whether or not this is legal. I just want to point out that the CEP members who got in trouble were the ones who chose to send in all there personal information to verify their "trust" accounts. The direct wire transfers to and from personal bank accounts to this "trust", that was trying to act like a bank, threw up a huge red flag to the U.S. Securities and Exchange Commission. And it was based in the U.S., not Canada.

For people who want to invest money, whether in business, real estate, gambling, whatever, just know what kind of digital and/or paper trail you are leaving behind. And be sure to understand how the taxes work in your country.

I think we need to draw the line at that one.

Even legitimate, ethical programs get shut-down all the time. But, we're talking about an industry that sets many investors on Cloud 9 and emotionally persuades them to believe they've found the permanent end of the rainbow.

Now, I'm considering throwing in a test-spend here as a gamble, but I will continue to be realistic about the whole situation.

"There's no way it will shut down," is a careless projection, at best.

Most sensible advice I've seen of late on this thread..

I don't know how that got there, but it isn't my signature.

Thanks.





All I'm asking is, why are you so sure?

You should see referral commission on a daily basis 19, if your downline is invested.

Click on "show referral earnings" and it will show you if you have any.






That's MMG advertising that every new member gets when he joins, ISPY.

If you want to get rid of it you can. Go into "My Controls" and click on "my signature",

then just highlight it all and hit delete!!!!

Layton you are one of the very few in this game that I believe to be a straight shooter, I might be wrong who knows but until prove otherwise I will continue to believe that. I fully understand that you are in this or any other program with your eyes wide open and I don't recall ever having seen you pimping for referrals..

You are also quite right that people will believe what they want to believe and I think it's worth pointing out that most of the time "naysayers" as I and others that won't drink the kool aid have been branded are NOT trying to tell people what to do or what not to do, but simply offering a counter balance to the people that come in here screaming that P2P is legal and it's not a Ponzi and it makes 75% a month from Casinos I mean come on that is all total bunk. Now am I asking you to take my word for it? No of course not, why would I, better yet why would you??

All I am offering is the information if people HONESTLY want to know the facts behind what they are involved in. They are out there to find, no matter how much BS Nick and his cronies spew the facts still are the facts. I know you know this. But sadly as another poster put it these guys are selling dreams, they know the hot buttons to push and they know how to get people to suspend all logic and send them money. It is very much a herd mentality.

Put yourself in this picture.. you're walking down the street and a total stranger stops you... and says hey, if you give me 100 bucks today I'm going to take that money and in a year (all numbers for example purposes only) I'm going to give you back 40k sound fair? you ask, well is this legal... can you prove it.... who are you? Oh yes it's legal, no I don't have to prove it.. and why do you care who I am? Would you give this person your hundred bucks? Of course not.. most people wouldn't either.. but when online all the misinformation is the issue..

Most of these programs have paid posters, preferred people getting payouts to keep the pumps primed and of course the collective dream that is others believe it I've had to be stupid to question it.

I have NO issue with YOU or anyone like you that is honest and tells it like it is meaning YOUR personal experiences, ONLY. I do have a huge issue when people come in here and start talking about Off line Casinos and how legal and registered this program is and they point to FAQs on a website as the proof of something... that is dishonest and misleading and quite frankly it's morally bankrupt.

It's all about the dream... I wonder how many people that have invested money with Nick took the five minutes to phone the SEC and simply give them generic examples of what Nick is doing, meaning not name him or his program and ask them if that type of business needs to be registered to be offering it's product to US citizens, you can call it a retirement club or whatever you want, the fact that he is offering public membership and a fixed rate of return automatically makes it an investment... once the SEC informs you YES it 100% has to be registered, you can then hang up and call them back and ask if Nick or P2P is registered.. bingo there is all the proof you should need... but....

you know what some people will do that find out it's illegal and still invest they just can't resist the lure of that easy money...

So that is why I have given up trying to change anybody's mind I simply offer up the info if they really care about being legal and they can make the calls or not. I know what this is and I have more than enough proof for me... that is really all that matters to me. If people want the info I'll pass it along other than that... there is really nothing I can do.. but I do sleep well at night knowing I have at the very least put the info out into the public domain.

BTW thanks for your reasoned and calm replies and posts.. you are a rarity indeed.

Thanks* Tree, i have 12 deadbeats then maybe you and i will do better because the FAQ is back!!! Hooray* Nick is doing an interview with Kent on My Cash Forum tomorrow

LOL...I know the feeling 19, but I'm a little better than you. I have 16 that joined

under me, but only 4 have invested, and only because there my friends!!

So even though we have over 11k members, it really is a lot less than that!!!

so many join is good happen to be

Thanks for the reply Kent, it is nice to see a respectable discussion going on wiyh out the irrational replies gong on both sides. Yes, there is a lot of praise gooing on and there is a lot of people saying things to hype it up when all they have to do is say at the present, there have been problems, but at this point they are performing, and as for it getting shut down, no one can honestly say that, every day legal companies are shut down for one reason or another. Now, as for someone positivly saying that a program will be shut down, there is no way for any one can really know for sure until it is actually shut down, there is no way any one can even really find out if any one is even investigating a company until they officially come public on it.

Really, as I have said before, I do not blindly go into putting my funds any where with out weighing all the pros and cons of it. I really count any funds invested online or offline lost until I am shown a profit and they continue to generate.

To be honest, a good healthy debate that is civilized factual is a lot better than we see going on today. And yes,I can say that despite what has been about this program, so far it has produced very good for me and I will roll with the flow as long as I can.

Layton

payment received thansk
i am now in profit

kind regards #snoopy100

Just remember, U.S. citizens, pay your taxes then if p2p does get shut down, you have a defense, you paid the taxes on the money.

Praying that it isn't shut down as a number of naysayers are hoping one way or another.

Just enjoy the ride as long as it's good.

Get your principal out asap.

And if it lasts beyond everyone's expectations...

snoopy!!!!

I've got one coming myself today....so I'll be back!!!!! LOL

Just why in the world should you even worry, I will do what I got to do, so eat your heart out while I enjoy the 28k, I have made so for. Further more, why should you even worry what I do with my money? Oh thats right, you want to save the ones that dont know, well you wont really save any one, they have been doing the same for years and nothing you can do will stop them, and they always cry that they didnt know when it goes away, Yea Right. You can cry the sky is falling 24/7, but you know what, they will stil come out to watch it. If a person can not check and read before they put out any funds, then make their own informed decision.

If they dont, then as the saying goes, A FOOL AND THEIR MONEY IS SOON DEPARTED.

Also, we dont need to be constantly reminded to pay our taxes, we have all paid taxes since the first paycheck. As of now the program is paying, so just what is the reasoning to continually tell every one that they are going to lose, when they are at this time going to lose. Do you go to a Casino and tell some one that just hit a kack pot that they are losing?

You know,if the program went down today, I wouldnt cry, why/, because I definately knew what I was doing and in the end I have made extremely good, and no I dont worry about the poor misinformed souls that lost, that is just the breaks, and next you will say that I will have to pay it back, well I am willing to face that, but you know what, that has only happened once on the net, but what ever, I am content to have the funds to spend as I like while you dont , so go ahead and save the world, but just remember one thing, I have the funds in hand and you dont, so eat your heart out.

You know, I dont mind people coming and posting information and how to call a things like that to inform people, but to come in and think you are going to save the word, just because some one dont have the nerve to take a rish is crazy, because in the long run you are just spinning your wheels, they just wont listen.

Layton

so-------the 12 people who havent ponied up the 100 bucks or whatever it is so that you can get your little piece of the pie are deadbeats?? That one statement speaks volumes about the character of those in these type programs who are nearer the top of the food chain.

As long as I get mine everyone else can go to hell. You and everyone else knows the people coming in are feeding you and the others whose "investments" are paying off. You and a few others seem to be able to morally divorce yourself from the obvious----by your glee at getting paid you dont realize or care that others will be hurt terribly when there is no money to pay them.

I wish I was one of the lucky ones who subscribed to the tenets of situational ethics and moral relativism--- would make life a lot easier...

wwind3, I do agree that that was a poor choice of word, but nineteen might have not considered what it sounded like, as fot myself, I do have about 13, but fout are upgraded, I dont worry whether they sign up and upgrade or not, I just look at it as they might sign to look at it, then decide not to upgrade, that is their choice to make, maybe it was not for them.

Now as for the point of feeding off of other people, When you go to a casino, are you not taking the money that people have lost earlier to pay you when you hit? Same difference isnt it. I have no problem with helping people to find where to go for information to help make an informed decision, but to contiiously try to instill a guilt complex, when it is the same as gambling, you are taking other peoples losses, but you really dont see any one saying you are wrong to take the winnings when you do win.

Layton

Hello cvkint,

I am not a member of P2P! I lost money in CEP and that give me enough!

I wanted to thank you for your posts here on the mmg forum. I have a friend that joined P2P and I just hate to see him lose money. I joined CEP under him.

Can you tell me what the laws are for transferring money large or small from Canada to the USA? Yes, we are both from the USA.

What does OSC stand for? I saw that in one of your post.

I realize everyone wants to believe that they will make money and I hope they do. My only regret is most likely someone will lose money. Paying 10% for referrals plus what members earn on their money! That is a lot of money to earn.

I can not say when or if P2P will shut down. Let's hope it stays for years. I have done some DD but have not come up with anything that proves what Nick is saying is true. Maybe it is true! Like what has already been said members will invest their money as long as their is a chance they can earn BIG Money!

CEP members that earned money are suppose to have to pay that money back. I lost money!

I have been looking at P2P for over two months but I have not found anything yet to prove this program is legal.

I hope everyone has a great day.

Thanks,
Donnie

Just what really the point of your post, since you have no vested interest, why are you even here, there is no point in bringing up a failed program that you seem to be crying that you lost in, well you made the choice, so now take responsibility for your actions. No need to come here decrying that the sky is falling, when eny one knows that absolutly nothing is fore ever, get realistic in your comments, we dont need to be continiousl be told that the sky is falling, when so far it hasnt. As for the info on the OSC, all you have to do is a google on the Canadian counter part of the SEC, and low and behold, the info is right there.

Layton

Layton,

Excellent post. It's refreshing to see a P2P member telling it like it. Frankly, I would have joined the program long ago if Nick had made the wise decision to add e-Bullion as a payment processor. I probably would not have begun to promote until I was assured that it was not just another ponzi. It is now entering the phase during which members will learn whether or not it is a ponzi.

I have communicated with several well-known and trusted fellow networkers/investors
who speak very highly of Nicholas (Nick) Smirnow. It is my opinion that the program is now entering its "true test" phase at a time when many members will want to begin withdrawing funds. Many find that the decision to cash out is a difficult decision to make. We all tend to become somewhat greedy. Let's face it - the lure of compounded returns is hard to resist. The longest running program I have ever joined was Capital Enhancement Club which ran for about 8 years. I entered the program on June 1, 2002 when it was about 5 years old. The plan was very simple and realistic. It paid 7% to 11% compounded monthly. I could have requested monthly payments. Instead I kept rolling over my earnings each month. After 36 months, in May of 2005, my account had grown to about 1 million. Then the following fateful message arrived...

----------------------------------------------------------------------------------------------------------------
CEC Special Announcement
Date: 5/6/2005 3:26 PM

Capital Enhancement Club Special Announcement - 6 May 2005

As some members know, the SEC has filed a lawsuit against the CEC and two other individuals / entities. The details of this lawsuit are located at:

http://www.sec.gov/litigation/litreleases/lr19219.htm

The lawsuit concerns unrelated individuals and entities independent of the CEC who performed actions independent of the CEC. We have no affiliation with InstantGold, they are an exchange service provider recommended by VirtualGold after we left Evocash. We have no salesman, do not condone any solicitation including that which was listed in the lawsuit, and we have not provided the information which was used in those solicitations, of which 99.9% was wrong.

Most of the SEC lawsuit is incorrect in one way or another. The comments about the CEC are based on an unauthorized sales pitch providing incorrect information of unknown origin during a sales pitch which was performed contrary to our policies. To be clear, we have no salesman for the CEC, including Richard Kringen, who was not authorized to discuss the CEC with anybody or to state his personal thoughts and opinions as official CEC information. The other half of the lawsuit concerns the theft of funds in InstantGold, which is an unrelated entity. We have spoken to Rocky Spencer at InstantGold about these matters, he states that the funds which he as been alleged to have misappropriated for personal use are previously owned funds before we switched to VirtualGold and funds earned through service charges.

It is unfortunate that the SEC has used these two isolated and unrelated incidences as the basis of an attack against the CEC. Neither incident is related and certainly the information from the unauthorized sales pitch does not accurately reflect the CEC is almost any way.

It would have been best to have resolved this confusion prior to the lawsuit. We will be contacting the SEC soon to resolve these misunderstandings as quickly as possible.

This matter is very unfortunate, we hope to clear up these misunderstandings soon. Thank you for understanding these difficulties and remaining calm and patient while we focus on resolving these misunderstandings.

During this time, all CEC operations will be on hold, do not perform any deposits until this matter is resolved. Additional details will be sent as they develop, that you for your patience during this time.
----------------------------------------------------------------------------------------------------------------

Long story short, I lost everything, including my principal, because I got greedy and never
withdrew any earnings.

David Tanner operated the club very professionally with in-depth and informative monthly updates and earnings reports. However, when all is said, it does not matter how professional a program may be. It does not matter how long of a track record it has. Anything can happen to
any program at any time.

I am pleased to see that the members of P2P are being paid and I am hopeful that the program
continues to perform well for many years, I believe the next few months will determine the ultimate fate of the program.

One aspect of the program that I do not like is the 10% referral commission. I believe this is too
high and it provides too much incentive for reckless promoters.

Ken

Hi Ken, I agree with you, any thing can happen at any time, and one thing I do like about the referral comissions is that it is only 10% of the return you make off of the initial and not a gross %.

Layton