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!
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.
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
Registrant Nameomain Admin
Registrant Street1.O. Box 97
Registrant Street2:Note - All Postal Mails Rejected, visit Privacyprotect.org
Registrant Postal Code:5066 ZH
Registrant Phone:+45.36946676 +45.36946676
Registrant Phone Ext.:
Registrant FAX Ext.:
Admin Nameomain Admin
Admin Street1.O. Box 97
Admin Street2:Note - All Postal Mails Rejected, visit Privacyprotect.org
Admin Postal Code:5066 ZH
Admin Phone:+45.36946676 +45.36946676
Admin Phone Ext.:
Admin FAX Ext.:
Tech Nameomain Admin
Tech Street1.O. Box 97
Tech Street2:Note - All Postal Mails Rejected, visit Privacyprotect.org
Tech Postal Code:5066 ZH
Tech Phone:+45.36946676 +45.36946676
Tech Phone Ext.:
Tech FAX Ext.:
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.
Created on Dec 31st 1969 19:00. Viewed 0 times.