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  1. #1

    Global Pension Plan

    Someone mentioned this below. It's clearly a scam, but I can't quite work out what they intend to do. They're only gong to get in 35 * 100,000 = $3.5m max, and are suggesting they plan to pay out at least $5.5m. So obviously a scam. Has anyone got any experience with this kind of thing? What happens? Do they just say 'we didn't get to 100,000' and then keep the money?

    http://www.globalpensionplan.net/forum/faq.php

  2. #2
    Join Date
    Dec 2005
    Posts
    171

    Re: Global Pension Plan

    perhaps they will try the very sophisticated scam of taking people's money and not paying any of it out.
    I like stuff.

  3. #3
    Join Date
    Mar 2006
    Posts
    1

    Re: Global Pension Plan

    A friend of mine sent me info on this offer and it makes sense to me. But maybe I'm missing something.

    My understanding is that the initial $35 buys $200,000 worth of insurance. They are allowing 100,000 people to participate which equals $20 billion of insurance. They get a mortgage against that $20 billion at 60% loan to value which equals $12 billion in cash. They pay out $55,000 to each policy holder which is $5.5 billion leaving $6.5 billion. They use $4.1 billion to pay the remaining premiums on the policies until they mature. They use $2.4 billion for their "rewards" program for referral bonuses.

    In essence, they are selling the future value of $20 billion in insurance policies for $12 billion of cash now. Then using the cash to pay the premiums and distributing what's left.

    It seems brilliant with everybody winning. Somebody help me out if I'm not thinking clearly here.

    Derek

  4. #4
    Join Date
    Mar 2006
    Posts
    143

    Re: Global Pension Plan

    Something is illegal here. I wouldn't sign up for something like that. I am looking to make money online. If anyone has a legit proposition let me know.

  5. #5
    Join Date
    Mar 2006
    Posts
    28

    Re: Global Pension Plan

    I got something for you SWAT hit me up with a PM.

  6. #6

    Re: Global Pension Plan

    I need a referral for Gadget City. Can neone help???

  7. #7
    Join Date
    Mar 2006
    Posts
    143

    Re: Global Pension Plan

    Quote Originally Posted by Purple Peeter Eater
    I need a referral for Gadget City. Can neone help???
    Ok, I just PM you.

  8. #8

    Re: Global Pension Plan

    Sweeet thx!!1 How do u check PM??

  9. #9
    Join Date
    Mar 2006
    Posts
    143

    Re: Global Pension Plan

    Quote Originally Posted by Purple Peeter Eater
    Sweeet thx!!1 How do u check PM??
    You have to go to the user name that you want to send a PM to and just click on the name.

  10. #10
    Join Date
    Nov 2006
    Posts
    3

    Re: Global Pension Plan

    hi,folks
    check this out http://www.investmentcapitalcorp.com do you have any idea about this plan??A lump sum payment of $40,000 to each member, once the membership goal is reached anyone 65 (at program's close date) or younger qualifies for the payout.Only 10,000 members required to proceed
    60% + filled.

  11. #11
    Join Date
    May 2007
    Posts
    17

    Re: Global Pension Plan

    Quote Originally Posted by thunderchow
    A friend of mine sent me info on this offer and it makes sense to me. But maybe I'm missing something.

    My understanding is that the initial $35 buys $200,000 worth of insurance. They are allowing 100,000 people to participate which equals $20 billion of insurance. They get a mortgage against that $20 billion at 60% loan to value which equals $12 billion in cash. They pay out $55,000 to each policy holder which is $5.5 billion leaving $6.5 billion. They use $4.1 billion to pay the remaining premiums on the policies until they mature. They use $2.4 billion for their "rewards" program for referral bonuses.

    In essence, they are selling the future value of $20 billion in insurance policies for $12 billion of cash now. Then using the cash to pay the premiums and distributing what's left.

    It seems brilliant with everybody winning. Somebody help me out if I'm not thinking clearly here.

    Derek
    It's a scam:

    1. The problem is in the mortgage loan on the $20B of insurance coverage (to be paid out when the members are 65).

    a. No bank will give that loan out, for several reasons. With pension insurance, a person is only paid out if they live to be 65. Many people will die before then, so for each one, that is $200,000 the bank doesn't receive.

    b. Let's say that 95% of the 100,000 members do live to be 65. That means that 95,000 policies will receive $200,000 or about $19 billion. Let's assume the average time to payback the mortgage is 35 years, and that the interest rate is a low 7.5%. A $12 billion loan on those terms would mean a required payback of $150 billion, far far more than $19 billion.

    It all sounds pretty plausible until you run the real numbers. The only way this would work is if the bank giving out the asset backed loan expects a 1.2% return on their money. That isn't happening. No insurer or bank would back this absurd program.

    It is a complete scam. The company is going to take the $39 from each member, and disappear off the face of the earth.

  12. #12
    Join Date
    May 2007
    Location
    Malaysia
    Posts
    2

    Re: Global Pension Plan

    The title itself for me, meaning to get more and more money before our retirement age. So, it could be like other scheme which offer ways or shows us path to get serious into internet money making.
    Please refer to: http://onlyinmalaysiamah.com/?ref=nurbatrisyia

    I hardly trying to choose which scheme is genuine and hardly want to believe one of those, but in the end of the day, I thought that if I want to get my PENSION PLAN 'alive', I had to do what I have to do as long as the capital invesment or risk itself is rather at minimum stage.

  13. #13
    Join Date
    May 2007
    Location
    Malaysia
    Posts
    2

    Re: Global Pension Plan

    Quote Originally Posted by SWAT
    Something is illegal here. I wouldn't sign up for something like that. I am looking to make money online. If anyone has a legit proposition let me know.
    I'm new in this what you call, make money online. Can you please check this out for me as I'm hardly interested on it as the risk and startup fee is rather low.

    http://onlyinmalaysiamah.com/?ref=nurbatrisyia

  14. #14
    Join Date
    May 2007
    Posts
    17

    Re: Global Pension Plan

    Quote Originally Posted by saifulnizam
    I'm new in this what you call, make money online. Can you please check this out for me as I'm hardly interested on it as the risk and startup fee is rather low.

    http://onlyinmalaysiamah.com/?ref=nurbatrisyia
    When it sounds too good to be true, it is not true.

    I work in the insurance industry. I know all about asset backed loans, pension insurance, etc. This program is a complete scam. I haven't even mentioned the technical nightmare that is trying to get these assets to duration match the liabilities in this program.

    Read the horrible wording (with typos, grammatical errors), etc. in their disclaimers, faqs, etc. Notice that their required payments is E-Gold, etc. Notice that there is no real way to contact them.

    Come on. This is obviously a scam. ALL of these kind of programs are scams. If the opportunity was real, the company wouldn't be offering to just give the money away. They would find a way to keep all the money for themselves.

  15. #15
    Join Date
    Jun 2007
    Posts
    40

    Re: Global Pension Plan

    This is the most talked about program on the internet talk forums. Look, there are a lot of money making programs on the Internet, some work some do not, but this program in particular has the attention of most. Could it really be a scam, or could this really be an opportunity to put money, you never had in the first place, in your pockets. Any money making plan on the Internet that has to do with economy, accounting, insurance plans, stocks or anything of the like, would simply be warnings for me to stay away, because I just don't understand them. But there are experts on these topics in these talk forums, that gave anyone that is or wants to be involved, clear insights on the pros and the cons of GPP. I made up my mind after reading these two links, and with a lot of checking up of course! ;) http://www.bizoppsuk.com/global_pension_plan.php http://www.globalpensionplan.info/gl...nsionplan.html. So here you have it, the pros and the cons. I am in of course; if this is a very ingenious scam, then I lose, whether it be small time or big time. Like I said earlier on, the technicalities of economics and the likes is not my cup of tea. But, from what I understood from all this is that, the organizers of GPP needs to get to a certain amount of money in a certain bank, this certain bank is willing to invest their money on the plan, and a certain insurance company is willing to invest with their insurance policies.... Then what is supposed to be keeping them back from going ahead with this plan? 100,000 identifications, not the 35Eur as most people think. In this scheme, supposedly every one wins, if it does come through, then 2007 would be a very good year for me and my family. This is the waiting club, and I am in it...fingers and toes crossed everyone? let's see what happens.

  16. #16
    Join Date
    May 2007
    Posts
    17

    Re: Global Pension Plan

    Reread my post. This is 100% certain a scam. They have created an "economic story" to make it sound more plausible, but it simply isn't. I work with this stuff everyday and the numbers don't work out.

    If this were real, they would mention which bank was willing to give out such an absurd loan and which insurer was willing to write the policies.

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