nobshyip

Danger! Danger! Danger Will Robinson! You are about to be scammed! I think that would be a pretty funny audio message that Pecunix should implement to go along with that menacing red skull and crossbones sign.My dear readers, as you can clearly see in that big picture above, Pecunix has decided to take the [...]

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CarlitoBrigante

Is this only for A3union ?

allinvain

No, it applies to EVERY account. I only used A3union as an example.

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nuk

This is sort of strange because in the past Pecunix has flat-out deleted accounts of anyone suspected of running a HYIP/Ponzi. The owner of Pecunix Sidd has been very vocal against HYIPs long before e-gold got busted by the Feds.

This almost seems like a "softening" of their stance.

NUK

allinvain

You are quite right. I guess Sidd is trying to be "fair and reasonable" about it. I do not agree with his former policy so In my opinion this new policy is the best one.

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Sidd

It is not correct that pecunix ever deleted PONZI/HYIP accounts. In the past Pecunix always simply e-mailed the operators and asked them not to use Pecunix.

This new policy has been implemented because the Ponzi operators have stopped honouring our requests.

One of the posters mentions education as a solution, we agree and that is why we have implemented our policy as we have.

Those who suggest we should simply delete accounts need to take a look at e-gold and think a little more about what they are saying. Closing accounts does not work, it simply starts a race for new accounts/blocked accounts and the currency operator cannot keep up. Also, nobody paying to the ponzi operator is warned of the risks involved.

With our policy, we are giving the Ponzi operators the strongest possible message that we do not want their business and they should go elsewhere, and we give them no excuse to claim they cannot pay out to their "investors" because we froze their account. There has already been a huge reduction in Ponzi/HYIP activity in the Pecunix system since we implemented this new policy.

allinvain

Thanks Sidd for that clarificaton, and welcome to the NO BS forum. We hope you enjoy your stay here.

As for e-gold's policy, I felt its effects first hand when they blocked both my accounts with no provocation. Their "anti-Ponzi" heat seeking script must have gone on a rampage throughout the e-gold database cause a lot of people simply weren't even remotely associated with Ponzi scams yet they had their accounts frozen.

So in that light I believe your policy is the best. My question is let's say you label a certain account as a "possible Ponzi" and whatnot. What procedure does the owner of the account have to go through to prove that he/she is not running such a fraudulent scheme? E-gold makes you get a notarized copy of your dog's birth certificate and whatnot, so what exactly does Pecunix require as far as evidence of "legitimacy" is concerned. I am talking about having the warning removed after it was "attached to the account".

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