Articles

Is income4free.org a scam or not!

by Dawie Bezuidenhout Systems Engineer I.T.
Money for nothing is something we would all like to get a piece of, isnt it? We are no different at Scam Detectives HQ so when we got an email inviting us to join Income 4 Free we were, quite frankly, intrigued.

Income 4 Free claim to have a need for 100,000 members to receive a weekly income of $20 (about 13 pounds) into a specially created and managed account. Thats $2,000,000 (about 1.3m pounds) per week to be paid out to their members for doing, well, absolutely nothing. Its free to join and theres no risk and no chance that you will ever be asked to put any money of your own into the scheme. You will also earn interest at the rate of 5% a week on the balance of your account.


How does it work?

The (very badly designed) website explains the concept. Spelling errors are verbatim

First it sounds impossible, but if you know how it works, this concept will lighten up your mind.

Our part is to connect as many people as possible to investors that are registered with us.

The investors need to split their money into many, many accounts to brokers all over the world, into almost all different trading categories.

If those investors work without you, their profits will be 5-10% lower then what they could earn with your help.

So they rather can gift the money to a lot of individuals and earn more, instead of investing it into just a few accounts in their own name.

You will hold an account at a specific broker and our team will manage it for you. You do not have to do anything. We do all the work for you.

The only difference is, that you never have to pay anything into that account and you are never responsible for any losses that may occurre in your account. You also will not hold any risk, like many other people do not.

You will get 50% of the gain our team will generate with your account witch is credited with the money of our investors community.


About the website

The public Whois database contains details of the people behind every website address registered. Income4Free.org have chosen to hide these details by using a whois privacy service. However, the Whois data has been changed 14 times since the domain was registered on 28th April 2010.

The use of whois privacy, combined with a total lack of contact details on the website suggests that the owners of the site really don?t want you to know who they are?.

So whats the scam?

In all honesty, I havent quite figured it out yet. It could be a money-laundering scam, with proceeds of crime being distributed around the world into different accounts. It could be an elaborate phishing scam, harvesting bank details when you come to withdraw your money. They are offering commissions when you refer your friends to the scheme, which also suggests some sort of pyramid scam. Without joining up and trying it out, I simply cant be sure, but I am sure that I dont want to do that as I could end up being implicated in a crime.?

One thing is for certain. Free money for doing absolutely nothing doesnt make sense and seems too good to be true. And as we keep telling you at Scam Detectives, If it seems too good to be true, it probably is!

Our recommendation? Keep well clear!

SCAMDETECTIVES

The Above is all thanks to the good guys at Scam Detectives.

This is from me.

I have seen this company promoted all over Apsense, Revpages, Ads, Blogs, you name it. It has been scattered all over the show. I left a comment on one of the revpages stating my concerns, and the owner mailed me, trying to convince me otherwise. I mailed him back, asking him for payment details, i am still waiting for a reply. So i thought, lets waste some time and go check out this great opportunity to make money for sitting on your ass and do nothing.?

First of all, the website looks CRAP. No real effort went into its design, which was a red flag for me already.

Secondly, upon reg. they use Liberty Reserve, i have no problem with that, but personally i will never make use of their services. I stopped in my tracks, and as the guys at Scam Detectives did, i did a whois search.

Here is the results.

Domain Name:INCOME4FREE.ORG
Created On:28-Apr-2010 18:00:53 UTC
Last Updated On:07-May-2010 08:08:16 UTC
Expiration Date:28-Apr-2011 18:00:53 UTC
Sponsoring Registrarirecti Internet Solutions Pvt. Ltd. d/b/a PublicDomainRegistry.com (R27-LROR)
Status:CLIENT TRANSFER PROHIBITED
Status:TRANSFER PROHIBITED
Registrant IDP-SP-001
Registrant Nameomain Admin
Registrant OrganizationrivacyProtect.org
Registrant Street1.O. Box 97
Registrant Street2:Note - All Postal Mails Rejected, visit Privacyprotect.org
Registrant Street3:
Registrant City:Moergestel
Registrant State/Province:
Registrant Postal Code:5066 ZH
Registrant Country:NL
Registrant Phone:+45.36946676 +45.36946676
Registrant Phone Ext.:
Registrant FAX:
Registrant FAX Ext.:
Registrant Email:
Admin IDP-SP-001
Admin Nameomain Admin
Admin OrganizationrivacyProtect.org
Admin Street1.O. Box 97
Admin Street2:Note - All Postal Mails Rejected, visit Privacyprotect.org
Admin Street3:
Admin City:Moergestel
Admin State/Province:
Admin Postal Code:5066 ZH
Admin Country:NL
Admin Phone:+45.36946676 +45.36946676
Admin Phone Ext.:
Admin FAX:
Admin FAX Ext.:
Admin Email:
Tech IDP-SP-001
Tech Nameomain Admin
Tech OrganizationrivacyProtect.org
Tech Street1.O. Box 97
Tech Street2:Note - All Postal Mails Rejected, visit Privacyprotect.org
Tech Street3:
Tech City:Moergestel
Tech State/Province:
Tech Postal Code:5066 ZH
Tech Country:NL
Tech Phone:+45.36946676 +45.36946676
Tech Phone Ext.:
Tech FAX:
Tech FAX Ext.:
Tech Email:
Name Server:NS121.NVHSERVER.COM
Name Server:NS122.NVHSERVER.COM
DNSSEC:Unsigned

Why hide your identity, if you have nothing to hide. I wanted to engage in an email conversation with the owners, so that i can do an in depth track on their ip. but i realy dont have time for that now.

So everybody that reads this can make up their own mind, leave your comments.

Personally, i dont indulge myself with programs like this, i have already wasted an hour of my time.

Go read Marks post about another fishy program. ?Here.



About Dawie Bezuidenhout Professional     Systems Engineer I.T.

1,772 connections, 25 recommendations, 3,777 honor points.
Joined APSense since, July 2nd, 2009, From Jeffreys Bay, South Africa.

Created on Dec 31st 1969 19:00. Viewed 0 times.

Comments

Gaurav Gupta Senior   
Thanks Dawie for have a check of income4free.org, when I first visited the website in very early I had concluded it as a scam, but I didn't made efforts to warn others to stay off it(My Opinion)you did a good job of putting all this in light.

Good Job
Sep 14th 2010 00:24   
Dawie Bezuidenhout Professional   Systems Engineer I.T.
It is my pleasure, Gaurav. I see that person took the one RevPage of. So it helped at least one guy, which is good.
Sep 14th 2010 05:48   
Martha Senior  
Thanks 4 the information man, You work is really appreciable.
Sep 14th 2010 09:56   
Dawie Bezuidenhout Professional   Systems Engineer I.T.
@Knight
I hate seeing people being done in by scamsters, so i try to put out warnings in the hope that they will stop promoting it.
By promoting illigal programs you just damage your own image, which is not a good thing if you want people to follow your lead.
Sep 14th 2010 10:04   
GEORGE EKKA Junior   Lecturer
Thanks Dawie I am very much impressed by the ideas and how to get rid of financial problems. I am just a new in this field and want to know more and more so that I and others would also be benfitted. So I have joined this social network to share with each other
George Ekka
Sep 15th 2010 00:32   
Dawie Bezuidenhout Professional   Systems Engineer I.T.
@George, Apsense can be a rich source of information, and you will learn alot here from real people who are successfull online marketers and business owners. Search the Blogs for training related to Apsense, and learn how to use this site to better your marketing skills.
Sep 15th 2010 14:00   
Mark Hodgetts Senior   Professional writer and SEO service
Hooray well done - great post - unfortunately people actually have to lose money first before they take any notice of posts like this. Thats why I'm commenting on it
Sep 16th 2010 03:07   
Kathy Advanced   
Soooooooo many of them out there, and people are desperate for anything that is simple and will give them money..it is easy to fall for their bull.

But there are some out there that sound so legit, honest and smooth..but ya gotta watch out for them too. It's not easy deciding who the heck is honest or not. My bet is none really are at all, unless your make your products and sell them yourself, for yourself.
Sep 16th 2010 06:14   
Dawie Bezuidenhout Professional   Systems Engineer I.T.
@Kathy, it realy is difficult nowadays to determine which are scams and which are not. But the good news is, there are plenty of legitimate companies and homeworking networks available. It is just that people tend to overlook them, because it involves getting trained and spending alot of time working that specific opportunity.
Most people cry everyday that they want to make extra money and that they are willing to work for it, but when they start searching for these opportunities, they join the ones that tell them they can make money while they sleep, and do nothing.
They tend too look at us entrepreneurs, and think we have it easy, and that the money we have just fell from the sky. It goes to show you, that being an entrepreneur and working from home is not for everybody. Some people need to work for a boss, where they can be watched and be told what to do, they should just stick to that.
Sep 16th 2010 06:27   
Dawie Bezuidenhout Professional   Systems Engineer I.T.
@Hope, you have it. Always double check any opportunity, see what others are saying, and at the end of the day one must just follow your gut feeling, if you are at all not a 100% sure, dont join it.
Sep 17th 2010 18:05   
Vane Iglesias Advanced   
Thanks for the information
Sep 17th 2010 18:09   
Cheryl Baumgartner Professional   Medical Billing/Coding/Insurance
How did I miss this? Good post Dawie. I can't believe the people who fall for this garbage again and again. I Think I'll have to link to my post on fig leaves here. I still see PAYBOX promoted heavily.
Sep 23rd 2010 08:46   
Dawie Bezuidenhout Professional   Systems Engineer I.T.
Still being promoted Cheryl, by the same person and i see he has some followers now. The wolf in sheeps clothing is leading the other sheep to the slaughter-house.
I dont bother with them anymore, i did my part.
Sep 23rd 2010 09:07   
Hajnalka Horvath Advanced  
thank u so much for informations :) I wish u happy day
Sep 23rd 2010 09:08   
Viktor(Buratino) Z. Magnate II   School of eBusiness
Nonsense written in this blog, because no evidence of fraud is not granted, and furthermore, if this is a scam, tell me please what is its meaning. The author apparently does not understand that the company owns the forex robot, which must protect and work in different addresses it is one of the methods of protection. Personally, I feel better to do once a week, a deposit than to read this crap
Sep 23rd 2010 09:21   
Cheryl Baumgartner Professional   Medical Billing/Coding/Insurance
Nonsense until those signing up get burnt. All is takes is slapping a fig leaf on a scam and people break their necks signing up for it.
Sep 23rd 2010 09:58   
Viktor(Buratino) Z. Magnate II   School of eBusiness
Why should I trust you, if you do not how it proves your predictions and nothing can offer in return.
I say that I relied on myself to check this project than to read someone's speculation
Sep 23rd 2010 10:09   
Dawie Bezuidenhout Professional   Systems Engineer I.T.
@Buratino. You claim to be a Forex Expert.
So why waiste your time promoting a crappy program like this when there is so many legitimate programs on the internet to promote.
Is it maybe because of the promise of getting money for nothing, or no investment ever?

Money does not grow on trees, nor does it fall from the sky, unless you win the Lotto, which needs investment in any case by buying a ticket.

Any legitimate Forex program would not ask you to open up an external account, which they then use to trade.
Your account is opened internally at that specific Forex Trader, and all trading is done from that account.
You also need to fund your account with actual money to start trading.

You clearly don't understand the concept of money laundering, and how they do it. They need thousands of accounts to move money in small increments as to not raise suspicion.
This is my opinion, and i am nor telling or asking you to trust me, it's like you stated, everyone has to make up his own mind, that is democracy.

Freedom of speech is another thing i believe in, therefore i leave your comments here, for everybody to decide for themselves, whether my post is crap as you stated, or of some value.
Sep 23rd 2010 11:40   
Viktor(Buratino) Z. Magnate II   School of eBusiness
My dear apponent, money forex made by exchange rate fluctuations, the level of which is sufficient for one day to get a good profit. Currency movements can be processed using forex robots - software that can handle graphics fluctuations in foreign currency. However, as soon as you connect your robot to any trading platform, the algorithm of your robot will be transparent and over time you will not be earning. Let's not focus on who is going to do.
In this program, owners of the robot trying to practice an alternative scheme of trading. The results speak early.
With regard to money laundering. I understand that when I use as a cell able to clean dirty money in order to return the money to them in a pure form. But in this case, I'm such a subject do not feel.
I suggest there be a percentage of trades for the promotion, which promises to pay to my account in Liberty Reserve
Sep 23rd 2010 14:04   
Mark Hodgetts Senior   Professional writer and SEO service
Oh dear. Of course - a company that was making so much money couldn't possibly afford to get a decent webdesigner and a proof reader - maybe the robot built the website as well
Sep 23rd 2010 20:14   
Please sign in before you comment.