At long last, the membership has been closed for this program.
This program has said to be one of the most interesting Reverse Pension Plan online. The final months it has created a whole loads of discussion and debates as it climbs towards reaching the target of 100,000 members.
I myself has participated in this program last month as I had some e-Bullion and I did not know what to do with it….. 
It was interesting to note that while those who has given their money to join supported this program in popular HYIP forums, there were those who was clearly mentioning that this program is a clear cut scam.
It is if you think of it, that for €30, you will be able to make €55,000 in return.
Now I have explain how this concept works in my article
Global Pension Plan (Part 1)
Global Pension Plan (Part 2)
Global Pension Plan (Part 3)
And i believe it is the program is do-able.
But the questions is will this program pay?
The time for waiting to achieve the 100,000 members is over, now it is time to wait to see if the program will pay….
As I have said in one forum, this is either a smart financial plan/scheme or a smart financial scam…..
Even if they do pay, I believe we will be signing a Non Disclosure Agreement which would not allow us to mention anything with regards to this programs.
On top of that, you can count on programs like Early Pension Fund, Human Capital Insurance and all other Reverse Pension Plan program will start booming….
Oh and scammer will also ride on this type to see if they can make a quick buck from the success of online RPP….
But if it does NOT pay, life will go on for most members, and those referee would have a hard time from referrals that has sign up under them,
Other online RPP would take a hit… and might probably close down, scammers would return to their own ways creating normal standard HYIP programs….
Until GPP pays or don’t pay, things in the online Reverse Pension Plan will be quiet for some time.
There was a post in the forum of talkgold.com who was doubtful. Understandable… and this is what he posted.
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Originally Posted by smashandgrab82
LOL this scam is so dumb!
Does anyone know what INFLATION is?
They claim that they will get 200.000 euro for every endowment in 30-40 years or so? and YOU will get 50-100K
but what is 200.000 euro worth in 30-40 years?
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So I went about doing so research on whether the business model from the insurance company is workable.
As dumb as this plan looks, it might be possible. If you read the brochure of GPP or from my previous post Global Pension Plan (Part 2)
It says
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A summary of the costs for the financier looks like this:
Average cost for one policy: $41.000 (x 100.000 = $4.1 billion)
Payout to each member: $55.000 (x 100.000 = $5.5 billion)
Loyalty Program Bonus, $2.000 x 12 levels $ 24.000 ( x 100.000 = $2.4 billion)
TOTALLY: $120.000 (x 100.000 = $12 billion)
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This 4.1 billion is actually used by insurance company to trade or invest or do whatever it maybe….
Read the rest of this entry »
Below is an article which I have extracted from GPP’s brochure to explain how this works.
| GLOBAL PENSION PLAN (GPP) is a project where a wealthy financier plans to invest $12 billion in old age pension insurances. Therefore GPP is looking for 100,000 persons that will sign up for one policy each while the financier covers the cost of an average of $41,000. The stipulation is that the financier then can buy the policy back for $120,000. As a member you will then get $55,000. GPP even offers a second income opportunity if you help new members into this project. A Loyalty Program Bonus will be paid with $2.000 for every new member, 12 levels deep. Please notice that there is no requirement to bring in new members. All payouts will be made after that GPP has reached the target of 100,000 members.
A summary of the costs for the financier looks like this: |
Now this is very hard to believe, $12 billion in total. Where does someone get these sort of money to the members. This is like a too good to be true program.
Please carry on with the article…..
| To be part of this project you only have to pay an administration fee of €30, which even includes a complete Offshore Banking Solution. You can be no more than 66 years old to get the payout of $55,000, but there is no limit to how young you can be. But if you are older than 66 years you can still help new members into GPP and get Loyalty Program Bonus. Every family member can sign up for a policy, any nationality can join. |
Wow!! That means that they will collect €30 x 100,000 = €3,000,000 in cash collected by participating members. A lot of people are very skeptical about this and are saying that is will be a €3,000,000 scam.
| BUT CAN YOU REALLY SELL AN OLD AGE PENSION INSURANCE? In most parts of the world you can’t do that. But this is a special kind of old age pension insurance called Endowment Policy. It is very common in Great Britain and some other parts of the world. In those areas an Endowment policy is equal to other valuable documents as stocks, options and others and can be sold or pledged in the same way. In Great Britain there is a lot of Insurance Brookers that almost just works with this kind of policies, and these are even traded on the London Stock Exchange. (Please go to www.google.com and search for Endowment Policy). |
This point is true, there are veteran members in the HYIP forum that can vouch for this and they have been paid on offline pension program such as above but so far no one has provided proof that they were paid. And the members says that the entry fee is much higher something like $5,000 to register.
| BUT WHERE DOES ALL THE MONEY COME FROM? SOMEONE HAS TO LOOSE! No, actually not!
THE FINANCIER, for sure, has to pay out a lot of funds for a while, but when the person who signed up for the policy becomes 67 years old, the financier will get paid $200,000. A profit of $80.000 for each policy and a total of $8 billion. |
Profit of 8 billion dollar [(200,000 – 120,000) x 100,000] for a 12 billion dollar investments by these financiers, that is about 66.6% compounded in gains at the average of 33 years (as written below)
| THE MEMBERS will get $55,000 each plus that they will share the $2.4 billion of the Loyalty Program Bonus.
THE INSURANCE COMPANY will get an average of $41,000 for each policy, a total of $4.1 billion. Then their traders will have an average of 33 years to make the funds grow until they have to do the payout of $200,000 on each policy. In fact the funds will grow much more than that, and of course these Endowment Policies would not exist if the insurance company would not make any profit. So no one will loose! This is just perfect business where ALL parties involved will make money!! |
On top of that there company has about $4.1 billion to trade and make $20billion in an average of 33 years.
| BUT IS THERE NO RISK TO LOOSE YOUR MONEY? As with almost all business there is no guarantee that this project will succeed. So there is always a risk that you can loose your €30. The only ’consolation’ is that everybody else also does. Either will EVERYONE gain at least $55,000, or either will EVERYONE loose €30.
There is no other alternatives! But the question you should ask yourself is: ”Can I afford NOT to be in it? Can I really resist the opportunity to, with great probability, gain at least $55,000 with a fee of just €30?” |
It’s a good bet don’t you think? Everything in the HYIP world is considered a scam. Every members whether actively involve or not are very skeptical about HYIP. Those that are active are very much aware that they are playing money they can afford to lose.
| BUT IS THIS REALLY TRUE, ISN´T IT JUST A SCAM? To get $55,000 for a fee of just €30 sure sounds too good to be true, but trading with Endowment Policies has been going on for many years. Similar projects have been successful before and paid out as promised. The financier in this project has experience from similar trading before, yet in a smaller scale. There are people with long business experience that has been following the progress of GPP for a while that think it looks very promising. Members have got very rapid help from the support, and the openness they have shown when there has been any trouble tells that the staff is both professional and serious. |
Again this has been vouch by some veteran members in the HYIP forum, some even says that they knew people who have been paid in offline plan such as above. Whether this is true or not, I don’t really know.
All I know that it is a bet….
| BUT ISN´T IT VERY COMPLICATED? No, absolutely not! If you are satisfied with the payout of $55,000 you don’t have to do any work at all, maybe take an hour to learn a little about how it works. But if you want to take advantage of the Loyalty Program Bonus, and in that way earn more money, you have to present GPP to others and that might take some time. But the reward of $2,000 for every new member in 12 levels makes it well worth the effort. The good thing is that you are helping yourself by helping others! And the more members that help us reach our goal of 100,000, the faster we will get our funds! Ask the person who told you about GPP to help you with the registration and show you how to go on. If you want to take a look on the site, just go to www.globalpensionplan.net where you can see how many members there are right now, and follow how the number is growing steady. |
Well, in summary this plan is pretty straight forward. €30 (~$40) for a potential gain of $55,000. Whether it is genuine or not, only time will tell.
Global Pension Plan has put a cut off date to achieve 100,000 which is end of August 2007.
At the point of this writing the count now is at 86100. So, it seems to be happening very soon. Thus, time will tell very very soon….
I just realize that, my AMF link takes visitors to a page where there is not much information. The link takes you to a DDOS protection page and then once you verify yourself, it takes you to a log in page without much information.
Have a look here http://amf1989.com/
Now AMF is very clear about their referral systems. They do not condone direct referral, thus it is up to the member to enlighten visitors or potential investors about AMF before directing visitors to the referral links.
That is the reason why I have directed all my links to this page. Where the information about AMF will be provided and if you are still not too sure, you can ask me any questions about AMF by going to the contact page here.
Now first, let me give a brief introduction to AMF Limited
Country of registration: Vanuatu
Registered Office: 2nd Flr, Windsor House, Lini Highway, P.O.Box 257, Port Vila, Vanuatu.
License Info:
Company Number: 33744
Date of incorporation: 31 May 2007
Company Type: Private Exempted Company limited by Shares.
Now the FAQ
How can I invest with AMF1989?
You must first be a registered member of AMF1989 before you can invest. You make investments from the members Back Office with any of the payment methods available to you. Registration is free. Simply go to our site, http://www.amf1989.com, enter the tuning number, and click on Create an Account and fill in the information required. When your account is verified, log in and go to your Back Office and invest (spend).
What E-Currencies can I use for investments in AMF1989?
Currently we have made available E-Bullion and bank wires for investing with amf1989. E-Gold option has been suspended until further notice
Do you pay referral commissions for my efforts bringing in new investors?
Yes, we are paying 5% referral commissions for any new referrals. You will earn referral fees on new accounts ONLY and only on the first deposit of that referral.
How will my interest be paid?
Interest will be credited to your account balance. You may request a Withdrawal when you have funds available in your account balance. The Minimum withdrawal is 50USD.
What is the minimum investment I can make and is there any maximum limit?
The minimum investment is 100USD. We have no maximum amount to invest. However we do advise you to contact the support staff at AMF BEFORE transferring any amount greater than 50,000.00USD
What terms are being offered for my investment?
We are offering 25% per month return on any amount of money you invest. The monthly interest will be paid for 12 calendar months from the date you invested with us. Your principal will not be returned and the total Return for 12 months is 300%. As an Example: Principal: Amount that you invested in AMFB = USD1,000 Frequency of Payments: Every 1 calendar month Amount of payment: 25% per month Number of Payments: 12 Total Returns: 300% returns in 12 months Accumulated returns end of 12 months: USD3,000
How can I withdraw my interest from the account balance?
You can only withdraw using the same payment processor you used to make your investments. When you have sufficient funds available in your Back Office you may request a Withdrawal from your Withdrawal tab area and complet the form. For example: you invested using E-Gold and you may only withdraw using the E-Gold. You will be required to verify your account first before attempting any withdrawals.
Why I am required to verify my identity in AMF1989?
We do not want any illegal organizations or persons to misuse our programs for their ill gains and we have to follow the international laws that requirement this verification. Your identity will never be used or sold to any third parties as we have strict privacy rules regarding identity security. Please note that the verification process will take UP to seven working days to complete. You will receive an email whether your ID’s have been approved or not during this process. If you did not get any emails after this time frame, please open a ticket from your back office.
Is AMF1989 licensed to collect securities?
AMF1989 is operating legally and we are licensed to collect funds publicly, to trade in securities, currencies and stocks. We are also licensed to trade any financial institutions funds including banks. Our registration details are displayed on the front page for verification. We are not insured now but will be eventually. Do not forget there is a Risk in Investing.
Can I have more than one account?
No you cannot. Every account will be verified.
Can my family members or friends use the same IP as mine to register?
Yes, there is nothing wrong with this, as all the accounts will be verified.
Referral rules, PLEASE READ CAREFULLY!!
AMFB is an invitation only program and some rules need to be followed. A member may create a thread in a forum, even post the site link, but NOT with a referral link. Our site is not secret to anyone; therefore knowing the site exists is not harmful, it is beneficial to the program. However, if they want to enroll as a member, it requires the referral code. This code can be given out by you in private. This means you must communicate with that person via PM or email first. This method of referral fits the policy that has outlined above. This solution applies for every public forum you may be involved in. Those who own very private forums, you may distribute the link based on membership requirements into the forum. As you know who the private members are, this is a safe method of referring people into our program. There are certain private forums that require a great deal of personal information and require fees to join. Remember YOU are responsible for the members you refer and you should know these persons well enough to invite them to join. For example: A member of SUF may post WWW.amf1989.com URL in the forum. It only gives the link to the main page. Without a referral URL they cannot enter or create an account. A person who is interested must then contact you for your referral link. As another example, the OWNER of ProjectPCF can use the referral link assigned to him with the banner assigned to that member.
Why my ticket is not answered on time?
All the ticket will be answered on time. There is no specific time frame set for it as it depends on how fast we can respond or fix the issue you reported. Once answered, the ticket will be moved CLOSED section in your back office. You can view it and re-open it for further communication if required.
How long it takes for the withdrawal request to be processed?
All payments will be done within 72 hours to 14 BUSINESS/ WORKING days from request given there is funds available which have been withdrawn for dispersal to members. Weekends and public holidays are NON working days. If there is any kind of delay due to markets or acts of god the following will rules will used:- If there is a delay for any reason , the delay could last for 30 days for accounts $100 to $10,000. If there is a delay for any reason , the delay could last for 60 days for accounts $10,000 to $50,000. If there is a delay for any reason, the delay could last for 90 days for accounts $50,000 and above.
What are the required documents needed to verify my account in AMF?
A- Any copy of government issued ID such passport and national ID or any ID that is equivalent to it. B- Any copy of utility bill statement such water, electricity or any statement that is registered under your name. Your registered address must be visible on it.
Why AMF Limited contacting me to verify my details?
We will contact any of our clients through telephone or other means of communication if we find it required before making any payouts. Any attempt to provide us fraudulent point of contacts will result is immediate suspension of your account. Your account will be suspended as well if we found any of your downlines tries to defraud AMF Limited in any means. You must be responsible to whom you are providing your referral link.
There you have it, I believe the FAQ will clearly help visitors to understand what AMF is all about….
My Personal Opinion
Now how do I come about with AMF, well it was first while I was trying to exchange some e-gold in my local HYIP forum CariGold Portal. I came to know a veteran e-gold trader in that forum with lost of reputation amongst members in CariGold.
He seems to be one of the pioneer in AMF as his exchange was previously affiliated with AMF but now not anymore. That was the fact that gave me the confidences to put my money in, because anything happens, I can search for that guy which would not be too hard. Or other members also might search for that guy.
So there you have it, I believe that that should be more than enough for me to put my money in there. Minimum $100 which was not too expensive for me.
At present I have now withdrawn once and compounded twice, I compounded (which is one thing that HYIP veterans will not and never advice on that) because they have suspended e-Gold and thus I could not withdraw via e-Gold. They are willing to withdraw or exchange e-Gold to e-Bullion for a 5% fee and that I believe was a rip off. On top of that, withdrawal with Bank Wire would be charge what, minimum of $25 bucks??
So it really did not make profitable sense for me to withdraw at the time, and thus, I thought what the HECK, risk a bit more and then hope that they will bring e-Gold back as a withdrawal option. And then withdraw later, or compound it so that it would cushion my withdrawal fee effect.
So far, they have been paying members and members in the forum are very happy with this program. The person who introduced me to this program is also still active in the local forum so I too am happy so far with the program except for the withdrawal bit…..
Once again, if you have any questions feel free to ask me anything, if you are satisfied and would like to invest, please also contact me so that I can provide to you the link to register. My contact page is at the main menu or you can click here to go directly to my contact page. Or maybe just leave a comment here…
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A3Union was one of my first programs which I have participated; they have actually done really well for me. If you see all the HYIP forums you will find that A3Union has one of the highest thread, articles and most viewed thread in the forum.
While there are some negative remarks like always, there is so more positive remark in the forum. Now most positive remarks are basically members shouting out that they have been paid.
And that is just what you need really for the moment to know and gauge how well this program is doing. While we can not say what the future might hold for A3Union, at present, it is doing well.
The program is solid, the return offer has not changed and they provide a lot of incentive for the member to earn A3 Points to be converted to cash.
So there you have it…. Since 7th March 2007 the day I joined until today 10 July 2007 my payout for this program is like 188% on a $70.00 deposit.
So I must say, it’s pretty good no??
