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VBU Closes the doors

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Posted by: admin

From - http://www.freedom4y.net/

Quote:
VBU, FC and GIR NEWS UPDATE.

As of Aug 1, 2003 VBU-12%, VBU-V, Freedom Club and GIR will be closed for the next 3 months. Our Private Re-Spender Team who do 95% of the investing for Pool were to return from vacation on July 27 and did not. I received an Email on 27 saying they would be late getting back but no later than Wednesday. On Thursday when I did not here from them, I visit their home to find out they were gone and the house empty. As a result of this all funds were lost. I have spent past 2 days trying to track down the Team but with no luck. All accounts I used to send funds to, the accounts passwords were changed and not in my name and I can not get into them at this time. On July 12, I made arrangements with the Team to provide funding while they were away, this was completed up to July 30, from this date on there were no funds to work with so all payouts came from the investing I do and from spends in. This was done because I believed they would be back and that they would not Scam me but after 2 days and the information I have collected I can only assume they have run. So what is next?

Am I upset? Never in my life have I been this upset, I have had 2 days to think on this and have decided that I am not going to be a victim and I am going to move forward with a plan of action and set new standards for the HYGM market never done before. That's right - turn every negative into a positive no matter how much it hurts. I am here for the long run and have had everything thrown at me over the past 7 years and have overcome every obstacle, this one is no different. I have been Scammed more than any spender in this market, I have been hacked several times, Spammed 100's of times, the list goes on forever. This situation is to me is just another mountain to clime over and conquer and the following plan of action will do just that. Before I go into the plan of action I want to say this.

The HYGM market is 100% risk and we all know this to be true on every spend we make, it always has been and always will be. 100% of the HYGM in this market would close if faced with my situation and they do, or they would promise to return principle owing and fade into the sunset of cyber space showing up a month later as a new kid on the block. I do not believe in this and the following plan of action I feel is 100% obtainable and it will set standards never set before in this market. Over the next few weeks our programming Team will be busy and the following plan of action will be implemented and full recovery will be achieved. We will be bigger and better, and we will prove that there is no excuse in this market that can hold up to the power in positive thinking and a burning determination to overcome any obstacle placed in our way. Be 100% re-assured this is a starting point of a new and prosperous adventure for every member and with commitment, focus and hard work no one will be left out of the rewards to come.

The plan of action will be in steps over a 3 month period, as each step is implemented an email will be sent out to each member registered on our mailing list. The freedom4y.net site will be re-done top to bottom and when completed will be as it is #1 site in the HYGM Market it will be bigger and better than VBU, FC combined. The plan will entail Zero loss of principal and promised returns. That is correct total return will be achieved and that is a fact. We will introduce new services needed in this market and new HYGM that will be a number one hit with all spenders. There will be a total re-vamp of our entire structure, we will never be put in this situation ever again.

THE PLAN

The first step is posting this news update for all members so they know what is going on and to answer questions in general. First step I have reviewed with Ruth. We will be removing site and posting this news update with our mailing list below so that all members can join so we can keep you posted on progress. The 5Th Element Board will be back up within 2 weeks. It will be a new version of the current board we have and I will then be doing daily updates on the progress we are making on the plan of action set out here.

All funds up to today I have invested and will start investing daily and posting results once the new board is up. We want members to see the progress in action and be assured daily. The VBU-Public pool will be uploaded and kept current - funds earned from public pool will be re-invested back into pool so members can continue building their on line Portfolio. This would be considered the first step.

The next step, our programming Team will be launching the New Service they have been working on for past 3 Months and sales from this service will go towards the plan of action to recover all funds and pay as promised. The Programmers will be building a login site for FC, GIR, and VBU Members, the login will contain total Outstanding amounts which will include the difference owing on total return. As funds come in they will be posted in your account and you will be able to request funds right away. The Total will be adjusted each time you request funds until 100% of total return has been paid to you in full. This will take time but it will give you Principal plus Returns. This will be the first HYGM ever to achieve this.

The third step will be to move forward into the market and introduce new products and services and share the future profits with our current client base after all have recovered their principal and Promised Returns from FC, GIR and VBU. Spends over $5000 will be paid a larger % of the Recovery Returns up to their principal, this should help the Larger spenders out. I will start with last spends in and work back in dates. The Amounts will be in the new Login Area being built as I type this news update. During the recovery period I will not be releasing one cent unless it is to the total Membership body so do not request funds during this time period they will not be sent to you. For the next 3 days I will be taking them off so I can get my focus lined up with this situation and give all of you time to digest this set back we are all having. We all new from day 1 that no matter what: this market was, is and will always be 100% risk, that is why its called the HYGM Market. When we spent we new this and we spent only the funds we could risk, that was posted on every spend form from day 1. What we have here is a loss of time but not of funds. The plan is in motion and we have a strong Team that is 100% behind the plan of action posted here.

Freedom Club Members, we did not have a set amount for return, the wording was as long as FC was open. I will establish a total return on these spends and Referral benefits and they will be in your login area once built. There are 2-3 large spends in FC which will be on the top of the list for recovery. So from today on VBU. FC, and GIR are closed and will be no longer. The goal will be to achieve the above plan of action. We will be the first ever to do this and I feel 100% confident it will be achieved. This situation is no ones fault and once recover is on its way all will feel re-assured and confident as they did on day one when they spent to VBU: that it was the right place to put their funds without question. As the plan unfolds each will get excited again and the bridge of trust will be 2X what any HYGM in the market could achieve. But lets not be blind, at this time I can not describe the anger I feel - This I know: Anger will not solve the problem, or get my funds back but positive thinking moving towards the goals set out here will. So Push it is and Push it will be until we reach our goals.

There will be no emails to me. The 5Th Element will be back up in 2 weeks as planned and we can include all in the recovery at that time. Please make sure your registered on the mailing list, we do not want to leave anyone out of the updates. This is not the Type of News Update I wanted to post for our first year ending but in this world today we must face what is and move forward.

Bob and Team



Posted by: awty

This weeks changes?


Posted by: memorex

Quote:
Originally Posted by awty
This weeks changes?



](*,) :-({|= =D> :^o


Posted by: admin

This weeks changes? LOL

:shock: :? 8) :lol: :x ops: :cry: :evil: :badgrin: :roll: :!: :?: :idea: :| :doubt:

Yes I think that sums it up nicely ](*,)


Posted by: awty

Sorry, couldn't resist. I've been watching Freedom/VBU for a year and a half. STILL don't understand the concept, which apparently did not work as planned. (WHICH plan, I don't know, either). I THINK I've made my $100.00 from FC back, but as for VBU?
chuckle... I think I may have made $40.00 or so off of my $200.00, (Feb?) and chose not to invest any more until I had at least the principal back.

The one BIG thing that I have never understood about BR/FC/VBU, is that, after the claimed 7 years of expoerience, why there were so many spends to programs that I would not even consider, they seemed so unrealistic, and I've only been in the arena a short time. Guess this would resolve the one question I had regarding the new 'rescheduled' payout date for VBU - since it's apparently gone, that would be.... possibly.......'never'?
I could go on, and on, and on, but... Why?
VBU has been hashed and rehashed almost everywhere, and I've seen many that are very opinionated both for and against.

(Looking forward to the responses from certain HYIPers, if for nothing other than the entertainment value. HOPE it doesn't get too nasty!!!)

I'll just settle with calling it a 'failed' program, and leave it in the past.

I HOPE that nobody lost funds that are not replaceable.

??? Will there be some possible changes in some other programs, especially to 'pools', even the 'HYGM' pools?

Will be interesting to see what the fallout will be, although I would hope that's already been taken up over the last few months.

Also, maybe my personal opinion of programs listed as 'PROUD VBU PARTNERS' will be... I better leave that one alone.......

I'll try not to rant too much, but I couldn't resist posting at least a small note. I TRIED not to be too sarcastic!

Jeff


Posted by: admin

Hi awty

You make a good point about VBU partners. Over the next day or so I will drop in on all the partner sites and see if they are still partners LOL and report back here!


Posted by: admin

Actually awty, memorex and JB, I would like your thoughts on this from an ethics point of view

AG has probably spent about $ 800 USD into VBU and received maybe $ 200 or less back. VBU invested $ 700 USD in total into AG and his spends with AG are in PROFIT

So when he puts in a withdrawal request in the future what do I do. Now from business point of view, I have lost out on $ 600 but he is in profit, so I should not honour the withdrawals. But from an ethics point of view that would be wrong as he has invested in AG and maybe collecting returns to pay his members but WILL HE?

See my point, so I am a little at loss as what to do??


Posted by: awty

Just MY opinion. Or course, how you handle it is up to you.

Myself, I'd go with the ethical way, for several reasons...
I like to be able to sleep at night, I like to be able to look myself in the eye in the mirror, and I feel that dealing honestly is the best policy. I also believe (and have been the recipient over the years) in what goes around, comes around.

Yes, it would probably make better business sense to write any withdrawals off. However, due to what I understand is (was) the setup of VBU, 'team' members were doing the actual 'investing'.
While I don't know if that's the case, I have seen references to 'test spenders'. I don't know the extent of any involvement there.

Might be worth checking the spend in, to see if it matches any of the VBU accounts???

(Darn, that just brought something to mind - I'll lose some of my research resources (Scam EGold accounts, new programs to watch out for (VBU, I used partially as a 'scam finder', etc)

There's likely to be SOMEBODY screaming not paid down the road. As for what, if any, damage that might do, I can only speculate. But, as you know, word gets around, good, bad, and incorrect at times.

I also haven't read over the 'user agreement' lately, and can't give an opinion on that, but might be worth considering how that might affect the situation?

And, I would think that an honest explanation to AG members of this particular situation might be worth considering? I always appreciate accurate information regarding a program and it's operation, be it good or bad. To me, that's an important trust building factor. With all of the 'nasties' out there, sometimes all there is is trust, which takes time to build, and can be destroyed in a moment.

Is there anything/anyway that you might be able to use this to your advantage as a 'business loss'?

As I mentioned, just my opinion.
Jeff


Posted by: admin

Yes thats exactly what I was thinking. I would have and will continue to pay his withdrawals, thats the right thing to do, I know that but I will be wondering if he will use the funds to pay off his VBU members. If he does not pay his members then I would feel a little un-comfortable paying him, however he has invested in AG and I have to honour that

VBUs problems simply stemmed from the bad investment choices that he made. Every day I would check the pool board and there would be 5 or so programs in red, not paying

The amount that was invested in to VBU would be hundreds and hundreds of thousands of dollars which he has wasted and invested into every new game and ponzi and HYIP and HYGP that he could think off, with out even doing any checking on them at all. All wasted all gone!


Posted by: awty

In my opinion, likely wasted, yes. In whose pocket? Who knows. I did ask a program admin about the benefits of being a VBU partner once, as I was curious. I'm aware of some of the benefits, but not all. I was informed that there were several, some of which could not be commented on. What I will likely never understand is of what benefit the claimed 7 years of experience in 'HYGM' is/was.
Guess we may find out in 3 months.
Will have to watch to see if the scams/styles change, increase, or decrease. Should prove interesting.
VBU, along with PC (link?), I'm thinking, can cause some major changes. I've been figuring for months that something really big was/is going on. Also, another previous DD group/incredible program appears to be about to fall apart, again, just my opinion.
Jeff


Posted by: jaboles

The final decision is up to you, but here's my humble opinion.

Based on his past performance, I would probably suspend his withdrawals for as long as he suspends the VBU program. If he screwed my money around, then I wouldn't reward him for it.

If it were another honest admin, and the problems were genuinely out of character for the admin or were completely out of their control, then I wouldn't even consider doing such a thing, I would be happy to continue to pay out withdrawals to them, to accelerate recovery of the program. But in the case of Bob Ross, things are very different. He has only himself and his own bumbling stupidity to blame for VBU's failure, and if his withdrawals were not benefiting his members, then I would be happy not to pay out to him.


Posted by: neo

I realise you did not ask me, but I can see an important issue here that needs to also be considered.

Bob said that "Our Private Re-Spender Team who do 95% of the investing for Pool ". Now this raises the issue that a withdrawal request might not actually come from Bob but one of the "respender team".

Now this could mean that if you honour the request you might actually be sending the funds to one of the "thieves". (the egold accounts are now in their name now, claimed by Bob)

So in actual fact you should NOT honour any request from so called "VBU Pool" UNLESS you have verified the request and egold number with Bob.

Also can I suggest that you discuss with Bob to "contra" the payouts so that AG at least gets its principle covered before any actual gold is paid to VBU.

Hope this gives some useful ideas

Neo


Posted by: memorex

I have followed this program for quite a considerable time now and have always passed up the idea of giving it any of my hard earned money.
I feel that the owner Bob Ross has made himself a rule to his own self and has done as he liked for so long, that he has eventually fallen flat on his face.
If he was as good as his followers say he is, he would have had a contingency plan ready to back up such a loss which has befallen his program, or so he says .
I for the life of me cannot understand why a pool which is based on the idea of, if one goes down, it should not cause so much of a ripple, has been allowed to happen.It can only be through lack of proper management of funds.
How a man with so much so called business acumen has allowed the largest part of his funding to be controlled by an outside source and not have it monitored closely enough to prevent this type of fraud is beyond me.
As for paying him, I would be more inclined to take your funds owed from his profit and then send him his deposit back when you have attained this ,as you have investors that are in need of payment as well.
That way his investors wont lose or shouldnt and yours wont either.
Some people may not agree with me in this but I am afraid it is just busines nothing else.


Posted by: kayaraya

The program was on self destruct the day he started changing the rules.


Posted by: admin

FYI Last week Bob requested a withdrawal request which was promptly paid. So one would expect that Bob and his team are actively collecting reutrns from investments to commence payments again or to start refunds to VBU investors in the near future


Posted by: jaboles

Quote:
Originally Posted by hphyips
FYI Last week Bob requested a withdrawal request which was promptly paid. So one would expect that Bob and his team are actively collecting reutrns from investments to commence payments again or to start refunds to VBU investors in the near future


Yep, one would hope so. There are a number of other possibilities as to where the money could be going though...


Posted by: Anonymous

I started posting negative statements two months after I invested with him. The only good payment I received from him was the first one, then next to nothing. I wouldn't trust him at all in the future. ](*,)


Posted by: ezyman

Latest update from Bob, http://www.freedom4y.net/

Quote:
September 3, 2003

Good morning members, I am back from time out and refreshed for the Fall Push. The programmer has completed the login area for the recovery site however there are adjustments to be completed before we email members the instructions to sign up and login. The adjustments will take about a week - the databases should be uploaded this week as well. When completed members only will be able to access the login area which will contain starting numbers and private forum for updates. After this step has been completed we will then start the launch on new products, services and HYGM Investments better suited for the market. The focus will be on building profits and rewarding members with these profits.



Posted by: jaboles

Quote:
Originally Posted by ezyman
Latest update from Bob, http://www.freedom4y.net/

Quote:
September 3, 2003

Good morning members, I am back from time out and refreshed for the Fall Push. The programmer has completed the login area for the recovery site however there are adjustments to be completed before we email members the instructions to sign up and login. The adjustments will take about a week - the databases should be uploaded this week as well. When completed members only will be able to access the login area which will contain starting numbers and private forum for updates. After this step has been completed we will then start the launch on new products, services and HYGM Investments better suited for the market. The focus will be on building profits and rewarding members with these profits.


Ouch... there's that 'R' word again. Things are not looking good


Posted by: awty

From an earlier update:

"we can all get back to having fun in rebuilding and having fun in the HYGM Market"

Might it be possible that having fun may be more important than taking the best care possible of members and their funds?

Also, I've seen the "P" word a couple times. "PUSH"...

Waiting and watching, with small anticipation,
Jeff



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