BeOnPush Scam? Yes It Is In My Opinion!
Ponzi schemes like to use the cover of a money making method that few people understand to hide the reality that they are paying early investors using the investments of later investors. In the original Ponzi scheme Charles Ponzi promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage. There have been endless versions of this type of scam run all around the world. My subscribers have requested that I take a look into the BeOnPush money making opportunity. Here is what I have found.
BeOnPush Scam Claims
The developers of the system lead by BeOnPush CEO Ferki Demirovski wish to change the game by providing their affiliates 150% return on investment, which is substantially higher than the most other online money making opportunities available to internet users currently.
BeOnPush has investment in various sectors of the online marketing and in majority trading positions in the Real Time Bidding. The profit that the company earns from these sources and investments; is shared among the members, paid members will become stakeholders and will receive profit according to their investment.
*grammar issues above are from their website.
Here is how this money making opportunity is presented:
BeOnPush Scam Reality
BeOnPush was launched in late 2015. They claim to generate their income from RTB (real-time bidding) which allows advertising inventory to be auctioned off in real-time to continually manage the balance between supply and demand.
Their main office is now located in Dubi:
Concord Tower
6th Floor Dubai Media City
P.O.Box 126732, Dubai – UAE
The CEO of BeOnPush is Ferki Demirovski. Ferki Demirovski is a Macedonian political adviser, runs his own consulting firm and performed political analysis for the EU. Demirovski took up his CEO position with BeOnPush in August of 2015 and is presumably also the owner of the company. His background is not in advertising. – Source fdemirovski.wix.com
This company provides no information on who they are working with in the RTB industry to make money. They do not provide a prospectus or a balance sheet that shows that they are profitable. The only verifiable income for BeOnPush is new investor money.
Never invest in something you don’t understand. Any money making opportunity that offers regular returns of 150% is a Ponzi scheme.
Here is an interview with Ferki Demirovski that shows how ridiculous the people are that are behind this scam:
Charles Ponzi (March 3, 1882 – January 18, 1949) was an Italian businessman and con artist in the U.S. and Canada. His aliases include Charles Ponci, Carlo and Charles P. Bianchi. Born and raised in Italy, he became known in the early 1920s as a swindler in North America for his money-making scheme. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage. In reality, Ponzi was paying early investors using the investments of later investors, a practice known as “robbing Peter to pay Paul.” While this swindle predated Ponzi by several years, it became so identified with him that it now bears his name. His scheme ran for over a year before it collapsed, costing his “investors” $20 million. – Source en.wikipedia.org
Many Ponzi schemes share common characteristics. Look for these warning signs:
- High investment returns with little or no risk. Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any “guaranteed” investment opportunity.
- Overly consistent returns. Investment values tend to go up and down over time, especially those offering potentially high returns. Be suspect of an investment that continues to generate regular, positive returns regardless of overall market conditions.
- Unregistered investments. Ponzi schemes typically involve investments that have not been registered with the SEC or with state regulators. Registration is important because it provides investors with access to key information about the company’s management, products, services, and finances.
- Unlicensed sellers. Federal and state securities laws require investment professionals and their firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms.
- Secretive and/or complex strategies. Avoiding investments you do not understand, or for which you cannot get complete information, is a good rule of thumb.
- Issues with paperwork. Do not accept excuses regarding why you cannot review information about an investment in writing. Also, account statement errors and inconsistencies may be signs that funds are not being invested as promised.
- Difficulty receiving payments. Be suspicious if you do not receive a payment or have difficulty cashing out your investment. Keep in mind that Ponzi scheme promoters routinely encourage participants to “roll over” investments and sometimes promise returns offering even higher returns on the amount rolled over. – Source sec.gov
When you go to the BeOnPush website you find out that they are focused on taking your money and recruiting people.
Cost
It is free to join, but you have to invest to make money and participate in the affiliate program.
Withdrawal Fee 3%.
You can withdraw profit only in the way you funded it. The minimum withdrawal amount is $2. There is no Maximum.
Packs Rate
$20, $50, $100, $200, $500, $1000, $5000, $10000
Products
BeOnPush has no products or services for you to sell.
Compensation Plan
Invest in Beonpush by purchasing packs and receive a return on investment of 150%.
They offer Daily interest rates between 0.50% and 3.50% (estimated rate).
You can recruit people and make 13% of what they purchase.
Direct sponsorship (Level 1): 13%
Indirect sponsorship (level 2): 2%
Binary Compensation:
There is a 10% commission on the sales volume of your weak leg.
Career Rewards:
When you reach the following volume of sales on your weak leg you receive these rewards:
10,000 volume = Luxury Pen
30,000 volume = VIP Night In Club
80,000 volume = Flight Voucher
200,000 volume = Apple Pack
500,000 volume = Vertu Phone + 1 Year Luxury concierge
1,000,000 volume = Rolex Watch
5,000,000 volume = Luxury Company Car
50,000,000 volume = Sports Car + Beachfront Apartment + Private Jet Fly
Income Disclosure
The use of the System is solely designated for sophisticated users with the ability to sustain swift losses up to total loss of the invested money and/or the securities. – Source beonpush.com
Refund Policy
All transactions are deemed final. – Source beonpush.com
BeOnPush Scam Conclusion
In my opinion, the BeOnPush scam is a Ponzi scheme. They use unverified profits from the RTB (real-time bidding) advertising market to provide cover for running a scam. They do not provide a prospectus or a balance sheet that shows that they are profitable. The only verifiable income for BeOnPush is new investor money. BeOnPush is focused on taking your money and recruiting people. All investments are final. Total loss of your investment is a real possibility. I would avoid the BeOnPush money making opportunity.
Guys how to get our money back /
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Really disappointed in this company. They seemed legit at first, although incredibly slow. I had invested $50, but when it was due to mature, I tried to login, only to find that I couldn’t. So I reset my password and tried again, to no avail. I sent a message regarding same, which was not replied to. I tried again just now to login, only to find that my email address has been banned! I double-checked to ensure I was using the right email address, and of course I was. There was absolutely no reason for my address to have been banned, except for the fact that BeonPush did not want to pay out any money to me, and it was easy for them to simply ban me from their site. What a bunch of crooks! I am so annoyed and disappointed, after waiting for so long. On the plus side, I am glad that I did not invest any more.money in this scheme.
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Same here.
Being banned without a reason and no reply at all from that thieves.
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I Joined BeonPush in February 2016. I invested $1,350.00. From the time I got in till three weeks ago I was able to take available funds out of my account. This is one of the slowest earners I have ever got involved in. You are correct Ethan, this is a complete Ponzi scheme! I want to report them as an internet fraud. Three weeks ago the Admin decided there were several people making more then one account so they are punishing everyone who put money into the company and took money from everyone. I lost $60.00 when I went into my account I was at a negative $60.00. Then I found out that the owner is starting another Ponzi called BeonTel. I imagine the funds to get this project going came from myself and all others? So this is what he posted to us:
1 user = 1 account
Two weeks ago I did order from external IT team an audit in Beonpush database and servers in order to find a solution and solve the missing withdrawal payments with Payeer. This was done successfully.
During that audit some really troubling statistics came out like :
215.000 active users for 33.000 Payeer accounts withdrawals ID and 20.000 Payza adresses for withdrawal…
once a same Payeer account is used for more than one user account the connection time for withdrawal is less than 2 min in 50% of cases.
ID verification on those same accounts , same time connection under same IP show in more than half of case not same family name… and doing that more than 2 time in a same week.
So this is clearly SAME users have several accounts and taking advantage of the referral opportunity.
IT IS UNACCEPTABLE for me to allow frauder to take profit (several time) from the honest and hard working users.
Since day 1 it is strictly 1 user = 1 account…
I got soft with story like : ” but me and my wife we manage our money separately and we have different network… so we will have two accounts on the same IP… ” THAN if you manage your money separately why do you withdraw your income on same Payeer account no on same minute ??
Just understand that this is a profit sharing company and those who take the profit several time and abuse the referral system JUST take the profit from the other users following the rules.
Or now when company starts to pay the career gift : should I pay 3 company car to the same person?
Anyway, i don’t want cut the motivation of the honest and hard worker. So we have to ban all frauds as it is stated in our terms and conditions.
I believe that everybody can make a mistake and the hunger for profit can make you do wrong things… SO here is my proposition as an AMNESTY :
. Until next Monday (20th of June) , 9 am Dubai time : all those who have cheated with having more than one account who want to stay in the program they can send an email to SECURITY@BEONPUSH.COM with telling why they send email and clearly tell accounts they use and which account (only one) they want to keep … this is my pardon so you can keep 1 account of your choice. the other accounts will be banned.
After this date all accounts from the list provided to me by the database audit as fraud with more than one account will be BANNED.
To all frauds, you have little time to think and be clean with us.
As from now the internal transfers are blocked until Monday, in order to avoid frauder to work on new accounts .
Monday after we are done with the non honest people inside our company, i would like to announce the next plans discussed with leaders and attack on our very promising planning!
Ferki DEMIROVSKI
Next we receive this:
double accounts and frauds
Posted 2016-06-21 09:16:55
As you know there are too many users having more than one account or managing someone’s else account, which is considered as a fraud.
Amnisty of last weekend was a failure since only 50 users had courage to ask for pardon.
CEO yesterday took decision together with the main leaders not to ban 50.000 accounts but to give time for a regulation of all people who “didn’t understand” that you can’t manage someone else account. They have still to discuss for a general agreement in order to pass those important steps and to avoid the honest people to be punished by the binary revision and other recalculation of the frauds.
Until this recalculation, the withdrawals will be pending and internal transfers not available by that avoiding the frauds to try to save their accounts as they did this weekend.
In order, to facilitate all regions of the world to have possibility to manage its own account Beonpush plan to integrate its own debitcard as main withdrawal channel. And will work on it.
CEO should announce soon the decisions in agreement with the leaders and the network.
Have a good day
Then this came:
Today’s situation
Posted 2016-06-21 17:23:17
Dear users,
Today i read so many things on mails, messages and social medias… Don’t know what level of misunderstanding people can create by them self and drag other into it with them.
Payments request are in pending since few hours, is it dramatic? after 10 months fast payments?? and some speak like it will be the case for years even more…
so quick summary of situation :
. Many many people abused system with multiple accounts and they have to be punished.
. In order for the company to avoid withdrawal to those poeple , i’ve decided to put a pending until I analyse best way to solve this WITH the objectif to protect the honest users, to punish the right ones, to think about those being as a “fraud” but good reasons like in Africa and most important to secure a bright future for the company : because the company is what link us all
This solution should come fast (probably tomorow couple of days maximum) …revisions will be made very soon after that and all will be like before.
I want to be careful with how we deal with this because as you all know the Beontel is almost out! and this project will be the project of the decade certainly over 100 times bigger than Beonpush… but both are link. So its not the moment to loose concentration.
And thanx to this situation I have now a good idea of who deserve really my trust and rewards of coming project!
just all relax. let me deal with this as the CEO of Beonpush and then we go on as we always did
have a good day to you all
Finally this:
Revision following frauds
Posted 2016-06-25 09:13:56
Dear all,
we are finished with 90% of revision we just need to review all one more time today. then withdrawals with Payeer will be available again.
Pending withdrawals are being paid , withdrawal with Payza are available and internal transfers are open.
How did this calculation work :
First to detect suspicious accounts with more than 2 of those matching criteria and each criteria have a score as fraud.
– Same account informations (same first and last name, adress, date of birth) = 100 points
– Same phone number = 1 point
– Same withdrawal account = 20 points
– Same IP adress = 1 point
– Same encrypted password on suspected account = 70 points
– Transfert between suspected account = 0 points
– Referral on suspected account = 60 points
then the addition of those points give a fraud score… and those rules were applied according to the score
1. Fraud score over 120 = all packs from that account not counted in the binary
2. Fraud score over or equal 100 = 25% of packs counted in the binary
3. Fraud score over or equal 75 = 50% of packs counted in the binary
4. Fraud score less than 75 = no effect on binary
The income for those accounts are recalculated this way :
1. fraud score over or equal 100 = binary income lost
2. fraud score over or equal 80 = 75% of binary income lost
3. fraud score over or equal 65 = 50% of binary income lost
No account was put in negative more than 30.000$
Please don’t listen to those crying over a negative income wallet… nobody lost more than what they already withdraw (and in average its less than 5% of their total income) and they did create this situation by abusing system in order to make more money.
Also don’t be fool to believe accounts sharing same IP, same password, being direct referral, sending internal transfert and using same withdrawal account several time a week are not the same people behind the accounts (and its revenues).
With the statistic of the last 6 month, the negative binaries won’t take more than 30 days to come back on positif… just need hard work and trust
I apologize to the honest people who did not fraud but that binary was reviewed… we had to clean those accounts before launching Beontel. Also don’t forget that binary is a team game and as team game you win together as you can loose together.
But again check you income wallet and your total income that you did already withdraw and you see its not dramatic comparing long term income. And plus negatif income is money you already withdraw.
Also, from today until the leaders meeting in July, I will follow and monitor the progression and work of networks having more connection and computer problems like in Africa. If i see hard and positif work, i will be open to discuss a negotiation for this situation.
We start now with clean, fast and innovating company… we did this for all of us.
I could had ban all frauds and not lower the effects on packs, binary, maximum negative account. But i did it as an investment into my strong network!
I don’t think as a revenu for a new day but a revenu for a new life and you should all do the same
And no pain , no gain my friends
Have a good day
and my apologizes for late communication but all had to be clear
Ferki DEMIROVSKI <—- Complete Scam Artist and He should be brought up on Charges!
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So Basically, I am screwed! Today I went to go into my account and Ferki took another $24.00 out of my account. We all gave him access to our Money, Amazing!
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the newspaper http://www.telegraph.co.uk/investing/news/beonpush-the-new-ponzi-scheme-thats-sweeping-facebook/ say also same as us . I get the same conclusion but in french http://richesse-et-finance.com/beonpush-arnaque/ . Also, Luxembourg doesn’t know beonpush as financial actor.
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scam not paid
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Both the Blackburn office and the Dubai office are serviced offices. Just an address and a staffer paid to answer the phones.
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today i got some time to read blogs about my current running online business and i found all are scam LOLL. My advertising pays, traffic monsoon, beonpush, , so please give me a solution how can i leave my job and can get income by internet just from home ?? help me if possible with the right business , not scam like already i have
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Breaking news Ethan. thebetternetworker website has been shut down
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Do you have any information on why they were shutdown?
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How come every ponzi scheme is presented with a little “drawn before your eyes”-cartoon? Almost every single one.
I know that’s not your job Ethan but still a question that keeps me up at night.
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If anyone still had any doubts about this being a Ponzi or not, I can now tell you that 100% it is a Ponzi. There has been an exchange between Ferki posting as beonpusher on another blog, and other posters there. I asked Ferki the questions that I asked Blake to ask him, and his reply? Why I am not entitled to them being answered as I am not a Partner. Then the CEO of a company that deals in advertising stated they would buy $50K of advertising immediately and commit to another $100K of advertising on a monthly basis thereafter if Ferki would just answer a few basic questions, of which none were confidential or proprietary to BeonPush. Want to know Ferki’s reply?
Why Ferki announced that he was taking BeonPush PRIVATE! The kiss of death to any program. So Blake you had better get all your money out ASAP or kiss it bye. I give this 3-4 weeks tops before Ferki runs with the money, if that. You have been warned, and I look forward to your coming back and apologizing to Ethan for not believing him. Yeah like that will ever happen, but please be the exception.
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I have now learned that the person who posted as beonpusher is not Ferki as originally thought, but apparently it is someone close to him and posted like he does. Why is beyond understanding, but it is not Ferki. This is still a Ponzi despite someone trying to snow everyone into thinking it was Ferki posting.
The mere fact that someone would do this shows this is a Ponzi as a real business would never stoop to something this childish.
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Let’s stop the fight and accept the fact that Ponzi scheme is a Ponzi scheme and with the evidence provided here i am convinced that BeOnPush indeed is one. I am reminded of a MLM scheme named RMP Infotec here in India that I regretted not to have joined earlier but today I feel lucky as it has reportedly shut down. But I could have been out of misery had I met my commitment with those guys five years ago.
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Ferki cannot answer the basic questions that any CEO should be able to answer about his business model. The fact he has no clue what he is talking about should be all you need to know that this is a Ponzi.
But since he keeps ducking answering the questions, maybe he will answer a member if they ask, and you can ask these questions:
On which major exchange does he has a board seat (Rubicon, Appnesus, etc.), and which service he has advertiser (Xaxis, Accuen, Amnet etc.) demand from? And when you are asking him to answer those questions, you should know that on March 16, the IAB, Internet Advertising Bureau, UK, held their Real Time Marketing Conference in London. Representatives from companies that actually trade in the RTB marketplace were there. You need to ask him why he wasn’t there and BeonPush did not have a representative there in his absence.
Now if that were not enough questions for you, you should also ask him: why the names of the traders and registration number is missing from the Home Page. Ferki did say that he had traders in London, and this is a requirement to trade by the UK Financial Services Agency. But then for a company that said their headquarters were in London, BeonPush was not registered with Companies House as required by law. When Ferki learned this, suddenly the headquarters were moved to Dubai. Yep a real business here. By the way, it would take only 2 minutes for Ferki to answer those questions, but funny how he keeps ducking answering them.
Let me make this easy for all of you. Ferki cannot answer any of those questions because he has no clue what he is talking about and BeonPush is not operating in the RTB market. It is all smoke and mirrors.
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If you are as wrong about this one as you were (are) about MyAdvertisingPays, don’t you think that it is time you took up a different career? After all, when you give out incorrect opinions, the only ones who are hurt is are the poor handicapped ones who can’t make any wise decisions! No skin off your nose if your advise is wrong 100% of the time! Who appointed you as the guardian of the Internet?
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I am not wrong about My Advertising Pays or this one.
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Instead of personal attacks, you should have given some example of what is wrong with Mr. Vanderbuilt’s opinion. After all, you make a lot of claims about how his incorrect opinions hurt the “poor handicapped ones who can’t make any wise decisions”. No skin off your nose to accuse someone of being wrong 100% of time without providing any evidence. Who appointed you the internet flame thrower?
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Blake, looking forward to your asking Ferki the questions I raised above and your posting his reply here.
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Hello!
Why then was there Ferki a meeting ! I do not understand your position now
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