Offshoreclub

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Offshoreclub
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Posted by: forwardone

http://offshoreclub.biz seems to be having a lot of troubles in keeping the site up.

Is this another DDoS attack or something more sinister I wonder?

Geoff

Posted by: Navigator

forwardone, site of offshore club is back online

Posted by: forwardone

This one has been going for quite a few months now, so I`ve moved it to the `Proven Payers` folder, (hope that`s not the kiss of death for it).

Geoff

Posted by: Trinary

I like the layout, so I hope not, still like to watch it being around

Posted by: forwardone

And continuing to pay.

Posted by: forwardone

Having renewed their domain registration until the year 2010 it looks like they plan to be around for a while.

Posted by: forwardone

http://www.ifsc.gov.bz/

Quote:

International Financial Services Commission,

New Administration Building,
Belmopan,
Belize, C.A.

13 December 2005

WARNING NOTICE

FASTMARKET AND OFFSHORECLUB

It is notified for general information that neither FASTMARKET nor OFFSHORECLUB is registered in Belize as a company.

The representations made on their websites FASTMARKET.COM AND OFFSHORECLUB.BIZ to that effect are incorrect and misleading.

All persons concerned are asked to take note and exercise caution.

GIAN C. GANDHI

DIRECTOR GENERAL
International Financial Services Commission

Posted by: forwardone

FAQ from the Offshoreclub site re the location of their Registered offices:-

Quote:

Q: Where is Offshore Club located? Has Offshore Club a postal address?

Our company is registered in Belize, of course we've got an office. But we can not disclose its location because of security reasons.

Posted by: Hardlyworkin

Is that the only agency that they could have registered in Belize?

Posted by: jfran

I am afraid so, anyway they could be registered under different names...

jim

Posted by: Hardlyworkin

I just saw an interview on another forum with the Offshore Club admin. They may be registered in Belize under the name of Notrag Corporation. The whole interview can be viewed here http://vedminvest.blogspot.com

Posted by: forwardone

Thanks for posting that, Hardlyworkin. Wouldn`t you think that program Admins would make it clear on their sites just who or what is registered so they don`t find themselves having to answer questions or face accusations about such matters?

Posted by: resh

Quote:

Originally Posted by Hardlyworkin

I just saw an interview on another forum with the Offshore Club admin. They may be registered in Belize under the name of Notrag Corporation. The whole interview can be viewed here http://vedminvest.blogspot.com

International Financial Services Commission,
New Administration Building,
Belmopan,
Belize, C.A.
19 December 2005

WARNING NOTICE

NOTRAG INCORPORATION

It is notified for general information that NOTRAG INCORPORATION is not licensed by the International Financial Services Commission of Belize (IFSC) to engage in any of the international financial services in and from Belize.

All persons are asked to take note and exercise caution.

GIAN C. GANDHI
DIRECTOR GENERAL
International Financial Services Commission

Posted by: Hardlyworkin

Welcome to the forum resh visit us often. Thanks for the information so evidently they are not registered under either name.

Posted by: forwardone

In which case could they be registerd in the other name which was contained in the interview, I wonder, IBC?

Posted by: clifton

I wonder why these warnigns of mr Gandhi appeared all at the same time. It was about FXIG, FM, OffshoreClub and few others. Is there a way to check if they are real? Some program admin may want to blame the others with fake info. Or if it is real, something should caused all these warning notices

Posted by: forwardone

The site itself looks real enough to me. Mr Gandhi explains at the bottom of the site what the IFSC is all about and what it does.

I would imagine they want to keep their name clean, so are constantly on the lookout for anyone who makes a claim that they are registered when they aren`t.

Posted by: luckasus

more info??

Posted by: golddust

Quote:

Originally Posted by luckasus

more info??

Regarding Offshore Club or the IFSC?

golddust

Posted by: luckasus

Quote:

Originally Posted by golddust

Regarding Offshore Club or the IFSC?

golddust

About Offshore Club
thanks!

Posted by: golddust

I don't think there is a lot to report except what you find in various "searches"... they have a good performance record, offer good returns and other than the sublimal "chant" when you login, everything is on track with this program.

You have to establish an account to have access to the site and add'l information.
Pays 110% in 10 days
123% in 20 days
140% in 30 days

https://offshoreclub.biz/index.cfm

golddust

Posted by: Hardlyworkin

The program has been paying me on three contracts a month since May of 2005. They also have a very responsive admin and customer service as well.

Posted by: thetrader

"sublimal "chant" hehe.. i always get a wake up call with that opening chant you call.. well ya been a good payer.. no problems at all and dont see any problems coming at all.

Posted by: Hardlyworkin

They continue to perform. Since May last year I have been paid on 25 cpntracts always on time.

Posted by: skyboy

I think it too late to join for me......

Posted by: Hardlyworkin

You may be correct skyboy but as with any HYIP there is no guarantee how long they will be around. I will have been in the program one year next month if they are still around. I have already withdrawn approximately 14 times what I initially invested so I am way in profit so anything else I get is just more gravy.

Posted by: skyboy

Quote:

Originally Posted by Hardlyworkin

You may be correct skyboy but as with any HYIP there is no guarantee how long they will be around. I will have been in the program one year next month if they are still around. I have already withdrawn approximately 14 times what I initially invested so I am way in profit so anything else I get is just more gravy.

yes,you are right! i also have joined in since in july last year .paid every month no problem!

Posted by: golddust

Quote:

Originally Posted by skyboy

I think it too late to join for me......

So which is it skyboy, too late to join, or you joined last July? You wouldn't be posting just so others will notice your SIG now would ya?

golddust

Posted by: thetrader

No i dont think it is to late to join at all! go ahead and join

one of the best!

Posted by: golddust

I've learned that OC has had their egold account blocked and are going to do payouts via debit cards. HW or anyone else in this program, what's going on with this?
I can't understand why the account would be blocked if they have a perfect record of paying. Wonder if the gov't agency is getting involved?

golddust

Posted by: Hardlyworkin

I know that the have a debit card but I haven't filed for one yet. Yesterday I made a withdrawl to egold with no problems so I don't know what is going on. Maybe they just have a balance limit imposed?

Posted by: easymoney

Here's the official Offshore Club message:

may 3

Quote:

Dear Offshore Club Members,
We regret to have to report to you that unfortunately an unjustified funding
limit has just been imposed upon the Offshore Club e-gold account for
unspecified and unfounded reasons that were likely initiated by someone with
highly malicious intent toward our extremely stable and successful program.

Please do not become alarmed however, as we have attacked the situation with
equal vigor and have already notified e-gold of our innocence and of the
extremely high importance level of getting our account back to normal
immediately.

We sincerely appreciate your patience and dedication to our program, and we
will be keeping you informed on a moment to moment basis as things unfold.

We thank you once again, and please know for certain that we have your every
best interest in mind (no pun intended)!

may 5

Quote:

Point of Contact was updated and we awaiting for their call. Lets hope this issue will be resolved in 24h.

I've requested a withdraw and was paid through an other e-gold account. Don't think there are any problems regarding the program itself.
Have not heard any message about missed payments so far.

Posted by: Hardlyworkin

I have never had a problem withdrawing, every time I have a contract mature I withdraw some and reinvest some.

Posted by: tronss

From one member in another forum:

"Notrag Corp, is registered in Belize as an INTERNATIONAL BUSINESS COMPANY. They are an IBC, and IBC's are not allowed to engage in financial services business from within Belize. WITHIN BELIZE. You have to be a different kind of corporation to do that.

If they operate outside of Belize, they can pretty much operate any kind of legitimate business. Though Offshore Club is registered in Belize, they do not conduct any segment of their business from inside Belize, so there is no "fraud" being committed here. The IFSC has no governance over IBC's. They only regulate companies that are registered to do business WITHIN BELIZE. IBC's cannot do that.

I myself operate a Belize IBC, and we are prohibited from conducting this kind of business from WITHIN BELIZE. Outside of Belize, we can do whatever we want.
These are the facts, people. Pay attention to the FACTS. Let's not go overboard on fraud allegations."

Posted by: Hardlyworkin

Welcome to the forum tronss glad to have you aboard. Thanks for the information on Offshore Club.

Posted by: Hardlyworkin

Anyone having problems accessing their site?

Posted by: forwardone

Quote:

Originally Posted by Hardlyworkin

Anyone having problems accessing their site?

I`ve just tried and it opens ok.

Posted by: Hardlyworkin

I cleared cookies and everything is working fine now.

Posted by: zelazko

Hi All,
For a 40% a month paying programme there's not too much enthusiasm in this thread.What gives me very bad feelings is having OC and FM mentioned together in one line of whatever piece writing might there exist.
Can you confirm being paid in good order and no delays to date?
Can you comment on further sustainability/ educated guess?
thx

Posted by: golddust

zelasko, I can't comment as to any relationship between OC and FM, but happily say that OC survives even if there was one. It doesn't take long to reach profit and it is a very long paying program. There are many happy people with the program. Perhaps you misunderstand enthusiasm for referral hounds?

golddust

Posted by: forexmaestro

Are there even any programs that belong here? I don't a single one that is still going from when I started way back during the inception of PIPS.

Posted by: zelazko

Yes. Perhaps I did missunderstand. Since I see no reservations anywhere around i'll give it a shot though it looks a bit late. I still cant help the feeling that this is the well known scheme but they actually must be doing something to survive this long. Small shot - maybe 0.2k.Offshore we go...

Thx for comments, Golddust, Forexmaestro

Posted by: golddust

NOPE, no reason to fret, except for the reality that a known and historically favored program can stop paying at any time. OC has reworked its site, and no complaint anywhere found. If you look too hard for the answers, you will not find them here. Don't look a gifthorse in the mouth. (is that the expression?...)
Compounding and all those other cautionary features. Take your best shot.

golddust

Posted by: Hardlyworkin

You've got to be in it to win it. As I have said previously I've been in since May 2005 and haven't had any problems whatsoever. I've been paid on 40 contract already. This seems to be one of those programs that seems to have the investors success as the primary goal instead of the success of the admin.

Posted by: zelazko

he, he, You've got it Golddust! That's the expression, except we're not dealing with a gift here entirely. I just joined and found out the fabulous new upgrading method, whereby....
ah well forget it. I'll give them few moments to sort out their books maybe;-)
I'll be happy should they continue for another couple of months and overwhelmed after three.Hardlyworkin, you must be around for quite a while so I take this testimony as much reassuring.
Thx

Posted by: forexmaestro

When was the inception of this program anyways? It sure is hard to find programs that go for longer than a year... or even for a full year, for that matter.

Posted by: clifton

OC certainly is more than an year old. The domain is registered in 2004, but I don't know when exactly the program started

Posted by: easymoney

According to my info they started in June 2005.
I've joined them in november 2005 and have finished 27 contracts so far.
Never encoutered any problems.

Posted by: Hardlyworkin

The program has been around since at least May of 2005 when I joined. Since then I have had 45 fulfilled contracts and they have been doing nicely for me..

Posted by: golddust

Hey HW, I recently have a problem with OC; I click the link to "sign the contract" and the page remains static; I am not directed to a payment page.
I contacted the admin twice so far, last being yesterday about this, but no reponse yet. Do you have any thoughts as to what may be the problem? I use Firefox, scripts enabled....

golddust

Posted by: Hardlyworkin

golddust you have to have deposited money into your available balance before you sign a contract if you available balance is $0 you won't be able to sign the contract.

Posted by: golddust

Why no response from the admin?

Posted by: Hardlyworkin

That I can't answer golddust. Did you email them or post in the problem area on their forum? Their moderatiors are very responsive in the forum, of that I am sure.

Posted by: golddust

I contacted admin directly, never thought about posting to the forum. Anyway, I've got it figured out now!

Posted by: tulasu

I did a couple of contracts in their early days and then became a nervous nelly. lol When I recognized its similiarity to the old FLO program, I just didn't think it would last.

Just goes to show you can never know.

Still - I wouldn't enter at this late date, but, boy, did I lose out.

Tulasu

Posted by: golddust

I guess there is now some speculation that this program is going to stop paying at the end of this month. I do not know the origin of this speculation of if there is any factual basis. Could just be some "nervous nelly"....

golddust

Posted by: tulasu

'twernt me.

Posted by: Hardlyworkin

Havent't seen or heard anything anywhere on that at all golddust. The longer a program lasts like Offshore Club does the more the number of nervous nellies becomes.

Posted by: golddust

I saw some skeptics posting in GH thread about OC.

golddust

Posted by: easymoney

I'm with OC for almost a year now. Fullfilled 27 contracts and still running a couple of contracts with a considerrable amount of money.

Lately I'm starting to feel a little bit uncomfortable about this program. At first it did not get much attention, and everthing went smoothly, but the last couple of weeks OC has attract a lot of attention and I recon a huge increase of investments.

Now I don't know if they are for real. If they are not I think they will stop soon, with the amounts they are receiving now. If they are for real, I hope they can cope with the amounts. The recent issues with e-gold might indicate the first problems in this direction. In this case I recon they will take measures to be able to handle it, like closing for new members or temporarily not accepting new deposits.

We will see, but with the current amount of attention, I do not think they can go on the way they are doing right now for much longer

Posted by: Hardlyworkin

I agree easymoney the more exposure a program starts to get the more difficult it becomes to administer it. I would rather see them continue and go private and close membership when they reach a certain number of members say 20K. I haven't seen any real change in their paying out though. I contiue to get my withdrawls to my Cash Evolution card in 48 hours.

Posted by: zelazko

So much for Offshore Club. i got stucked with 600 remaining in there but really due to poor strategy- spreading over many incremental investments. One more payout would have done it. This is still not bad considering engaged principal. There was sound advice above indeed. Hunches were missing though! We save our butts by exchanging hunches. Or can't we?

Posted by: Hardlyworkin

Your problem wasn't with Offshore Club, it is with the Cash Evolution card whick is now hung up in limbo for the next 120 days at least isn't? OSC has been consistantly paying me for almost a year and a half (55 contracts si far), Now I use the Uniclear debit card as my withdrawl vehicle and that also has been working fine. I was lucky that I had already taken all of my funds out of Cash Evolution before all their problems stated.

Posted by: golddust

Here is the official announcement from OSC:

Quote:

Dear Offshore Club Members,
I writing this sad news to share you some facts that affected our business and put Offshore Club in a situation where we can't move any step to any direction.
To sum up the story, we will tell you exactly what happened with Offshore Club
from the beginning of 2006.
First of all, let's remind you with what happened with our e-gold account before 2006 which was our first financial disaster. E-gold start blocking all our accounts without any reason or previous
notification. We have supplied required Due Diligence documents 3(1) times to them, but they refused it accordingly to item 4.6 of their Terms of Use:
Quoting:
4.6. Right of Association
Issuer reserves the right to refuse service to particular individuals or entities, at its sole discretion, with or without cause.
In the middle of 2006, the impact was harder which was made by another payment
processor which was Uniclear Express. As you already know Uniclear stopped withdrawals from their system and significant amount of Club assets was frozen there. I strongly believe that Uniclear would be in business later, but we can’t get our funds back still.
The same big drama kept going on.. and this time it was our wire transfer processing system. During short DDOS attack on our hosting provider some of our customers ordered charge back of wires sent to the Club. Banks of this customers began investigation and had put our bank account in “black list”. This situation draw unwanted attention of authorities and we faced with many other problems both online and offline.
In the last period of about two weeks ago, we were working very hard and
thinking on how to solve our financial problems. Unfortunately, after long investigation we decided stop risking with our member’s funds. We do not want to happen that situation when all our payment accounts would be frozen by authorities. As I already mentioned our investigation shows that situation is critical.
In light of this facts we decided to close Offshore Club as online investment opportunity. As we stated we guarantee our investors principals and we would start refunding process in next few days. You will find more information about refunding process on our forum. Please do not trust any other information sources and trust only official information from the Club. I suggest our members do not panic and calm down: We will refund your principals.

Sincerely yours,
Offshore Club Administrator.

Refunding principal, but probably nothing more if you are in profit. I have not checked the terms on the OSC forum, so just a guess. It will be of interest to see if members are refunded as indicated, but I forsee problems with access to funds among other things. Members complaints to authorities will only increase the 'problems', but this is likely to occur.
Still left to wonder if OSC was a legit program? Also, watch out for the tumble of other programs that likely have been piggybacking for some time.

Time to move on and find another gem like this!

golddust

Sorry to do it, but moving the thread....

Posted by: Hardlyworkin

Depending upon how they do the process determineing who is in profit etc is goning to be a long process. I just wonder if there is really another gem like this one out there.

Posted by: Hardlyworkin

This was recently posted on their forum by admin:

"Offshore Club Admin]: Solution: Refund Or Private?
Dear Members,

I working on soluition how to bring OSC back to life. But before I will continue I need to know the opinion of major part of investors of the Club.

Do you want to continue participating in the Club or you want complete refund?

If you choose 1 I will begin re-orginizing process of whole Club, but it would take some time to complete.

If you choose 2 I will just process refunds in order posted in "Refund" forum."

The majority seem to want the club to continue and go private but only time will tell I guess.

Posted by: forwardone

If I was in this one I`d be tempted to go for a refund and call it a day.

Posted by: Hardlyworkin

Probably the best way to go but I don't know it he is going to go with the majority or do refunds and go private. I'll just sit and wait for something to happen one way or another or until the website vianishes.

Posted by: candy

I understand that the private reorganization is to take 4 weeks.
Sounds like a 4 week delaying tactic before it disappears with no refunds paid,

Posted by: Hardlyworkin

Could very well be candy I guess we'll know is about 4 weeks.

Posted by: Hardlyworkin

I don't know if any of you remember FLO but they were going to do the same thing, however, all that did was give them more time to cover their tracks as they prepared to split. Let's hope this time it will be different.

Posted by: golddust

I'm inclined to agree with you HW...

Posted by: Hardlyworkin

Well, the expected happened the site is gone now.

Posted by: golddust

Very sad for you HW, you had a good thing going with OSC.

Posted by: Hardlyworkin

I made quite a bit of money with them, however as with all good things eventually they must come to an end. Now it's time to move on and try and find another one.