*Interested People* GPP "Trustee" UpdateOctober 14th, 2010 at 7:39 am EDT
Hello Interested People,
I did not receive this update from the "trustees" myself, but got this passed on to me by a friend.
I was wondering how they would ask us for more money without paying anyone first, and they found a way. The are jumping on the fact that another RPP is being chased down by the SEC to push more people into sending them money for debit cards before anyone gets paid.
This now screams of scam... before it was just whispering and there was some room for doubt.
Read the update below and see if you don't agree with me.
And as far as the courier fees being asked for thru the site, still no sign of anyone getting paid despite the claims Wayne makes at Talkshoe http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=14140&cmd=tc , so chances are very very good both parties are scammers.
JustMyHumbleOpinion, of course.
Be careful out there. The scammers often appear to be so honest and good... just waiting to fleece us one and all!
Suzanna - InterestedPeople.com
PS. If I am wrong, I will be the first to admit it and start partying! I'd love to be wrong in this case, believe me! LOL
Dear GPP Members,
Several IMPORTANT news.
First of all, some of you might have noticed that one major RPP program similar to Global Pension Plan has gone offline and been under the radar so to speak. Several things caused it, mainly the movements of a MAJOR government against it. That program's administrator had wisely made the decision to go offline before the court order was issued but behind the scenes, the major government had begun actions to shut it down. So now the RPP program has no way to communicate directly with their members without alerting the authorities.
At this point, it is very unlikely that they will be able to complete the program. They approached our law firm with intent of hiring us but we cannot accept it due to potential conflict of interest as we had already been hired by Global Pension Plan. It is very unlikely that that program could move on with their payout process because with the major government investigating it, no law firm or trustee service would touch it. They are not the only RPP program being investigated. Several other RPP programs are on the radar as well.
Therefore we are taking necessary actions to protect GPP and its members. We are doing what we can, but participation from you members is needed as well. You need to keep a low profile about our payout process and keep things private among yourselves. Fortunately, at this point we are not being affected by this situation yet.
This situation has also made the GPP Admin and Financiers take the decision to pay out ONLY members with debit cards, in one single batch. They feel it's too risky to keep doing multiple batches after the first one because the authorities would have undoubtedly begun their "work" once the first batch of cards are mailed and used in ATM's. (Read : they want their share in various taxes or even shut down the programs in order to freeze all the funds). Members without debit cards will not be paid because there is no way for us to securely send them their funds without compromising the whole program and all members. Payout funds from unpaid members will be distributed evenly to all members with debit cards. Not per policy but per member so a member with only one policy will be receiving the same amount with a member with multiple policies.
Adapting to these changes, we are no longer doing the second batch of the debit cards issuing. It will be one batch and one batch only, done all at once, only one time. There is a delay of issuing the debit cards because the banks advise us of some new banking and financial regulations that are going to be in effect starting January 1st, 2011. If you're in the financial or the banking industry, you would have heard about these new set of regulations.
The banks are advising us that it would be the wisest thing to wait for these new regulations to be fully in effect before they start issuing the debit cards. At first, we asked the banks to ignore the changes but the bankers are advising against it. After having second and third opinions from other banks as well, we had been made aware that if we go ahead with it now, and something is amiss after the new regulations are put in place, the debit cards could be useless altogether and we would have to start all over again. That is why we decided to follow the bankers' advice and let them do their job the way they feel best.
New debit card orders and upgrade requests are still accepted only until December 15th, 2010 just before the banks are closed in the holidays. All the new card orders will be processed for the first batch. Allow us to repeat the information one more time. There won't be a second batch. Payouts and debit cards issuing will be done in ONE batch and one batch ONLY. Members without debit cards will have no way to access their payouts so they cannot be paid. Payout funds from unpaid members will be distributed evenly per member to all members with a debit card.
IMPORTANT : Note that at present, major RPP programs are being targetted by several major authorities. In the next few months, you will likely notice them all being affected. Considering present situation, it is highly unlikely that any of them could move forward with paying out their members. Note that as of now, we are NOT being affected. Fortunately, unlike most other RPP programs, Global Pension Plan HAS been completed so all that is left to do is the payout process. Some of other RPP programs have not been completed yet so it is unlikely that they can even complete the program, let alone successfully devised a payout method for its members.
On another note, the GPP Admin and Financiers have advised us that there are still a number of additional policies left unclaimed. The exact number is 12,756 policies left unclaimed. These policies are now available to members with debit card orders ONLY. The fee for each policy is set at 15 EURO or 20 USD. It's payable in either currency.
If you wish to purchase these policies, make the payment to either one of the Trustee's Liberty Reserve account and in the memo section, put : USERNAME + NUMBER OF POLICIES PURCHASED.
If you are a GPP member but you have not a debit card order, you cannot purchase these policies because we would have no way to transmit your payout funds to you. These policies are ONLY available to members with a payout medium.
In closing, as major authorities have now begun their moves against RPP programs, we all need to keep a low profile and be patient to wait it out. Global Pension Plan is in the BEST position of ALL the RPP programs because unlike most, we have already had the program completed and all that is left is the payout process.
Once we have new developments of the situation, we will be advising all members with an update.
Below is some additional information needed.
Instructions for requesting a purchase of additional policies or debit card order upgrade :
If you wish to purchase an additional policy, pay 15 EURO or 20 USD to either of the Liberty Reserve account, and put in the memo section : USERNAME + NUMBER OF POLICIES PURCHASED.
If you have paid for a Card and wish to upgrade, pay the balance to the same Liberty Reserve account you used for your first paid order and in the memo section, put in : username + CONVERT TO (TYPE OF CARD).
For example, if you have paid for a Silver Card and wish to upgrade to a Gold Card, what you need to do is pay the $50 balance to the same account you used before and in the memo section, put in : username + CONVERT TO GOLD.
If you have paid for a Gold Card and wish to upgrade to a Platinum Card, what you need to do is pay the $125 balance to the same account you used before and in the memo section, put in : username + CONVERT TO PLATINUM.
If you have paid for a Silver Card and wish to upgrade to a Platinum Card, what you need to do is pay the $175 balance to the same account you used before and in the memo section, put in : username + CONVERT TO PLATINUM.
- If you have ordered e.g. 5 Silver Cards but only wish to upgrade e.g. 2 Cards to Gold/Platinum, simply make two separate balance payments and we will know that only two of your cards have to be upgraded. If you wishes to upgrade all your cards, you can make the balance payments in one batch.
Orders of e.g. 3 Gold Cards (total cost : $225) will not be automatically converted to one Platinum card, because we do not know if you wish to have 3 separate cards (for your spouse/family etc) or just one with a larger limit. So if you e.g. have ordered 3 Gold Cards and wishes to get one Platinum Card instead, pay $0.1 or less to the same account you used before and in the memo section put in : username : CONVERT 3 GOLD TO 1 PLATINUM. (The $25 you overpaid will be put into your Debit Card balance). Same method for Silver conversion to Gold. You can convert 3 Silver Cards to one Gold Card for NO EXTRA FEE.
Point is : if you have paid enough or more for a conversion, you do NOT need to pay again. Simply send $0.1 or less and fill in the memo section.
Liberty Reserve account information and payment memo details required for new Card Orders and Card Conversion Requests : You can use either account, there is no problem. We initially set up two accounts to help make the accounting work easier.
- Liberty Reserve Account : Uxxxxxxx (Global Debit SILVER)
- Liberty Reserve Account : Uxxxxxxx (Global Debit GOLD)
To summarize the Debit Card types :
- SILVER costs $25 per card, ATM cash withdrawal limit of $500 daily.
- GOLD costs $75 per card, ATM cash withdrawal limit of $2,500 daily.
- PLATINUM costs $200 per card, ATM cash withdrawal limit of $10,000 daily.
- Additional policy costs 15 EURO or 20 USD each, payable in either currency. There are only 12,756 policies left unclaimed.
The Global Pension TRUSTEE