Internet income business verification - Net Income Solutions. Is it real?

[Darkangelyaya]

http://www.moneyweb.co.za/moneyweb-special-investigations/defencex-director-rallies-support#comment-824808473

I really like Ping's comment.

Ping2 • 4 hours ago
I have been waiting to hear from Walker to shed some light on this matter. He is the only one who knows all the details, and we should therefore listen carefully to what he says.
I was not there, but the report, which has not been disputed, says that he told the gathering that the money had been frozen, until an investigation is complete. He explained that DefenceX was a legal matter now, and that top lawyers have been appointed.
He gave no further explanation, and took no questions from the audience (investors).
That is a VERY BAD sign. I think that everyone there must have at least one question to ask about the scheme, the safety of their money, and many other matters.
If the Chairman of a Public Company on the Stock Exchange refused to answer shareholder (investor) questions, a) He would be fired, and b) the shares would drop in value like a stone in water, (all the way to the bottom).
The fact that prayer, music, dancing, visualizations, and words of love were offered, instead of solid answers to important questions, seems to me to indicate that smoke and mirrors are being used here to distract the investors from the hard questions.

Like "Can I get my money back?" "Is my money safe." "Is this a ponzi scheme?"
It just gets curiouser and curiouser. To quote a famous spokesperson on matters factual.
But keep those positive thoughts going strong, you will need them.

[Citizen X]

And how are all the investors doing today? “ Don’t worry be happy!”

My money is still there, I just feel lonesome without it!“Are you lonesome tonight, Do you miss me tonight?”

The best things in life are free
But you can keep them for the birds and bees
Now give me money
That's what I want
That's what I want, yeah
That's what I want

You're lovin' gives me a thrill
But you're lovin' don't pay my bills
Now give me money
That's what I want
That's what I want, yeah
That's what I want

Money don't get everything it's true
What it don't get, I can't use
Now give me money
That's what I want
That's what I want, yeah
That's what I want, wah

Money don't get everything it's true
What it don't get, I can't use
Now give me money
That's what I want
That's what I want, yeah
That's what I want

Well now give me money
A lot of money
Wow, yeah, I wanna be free
Oh I want money
That's what I want
That's what I want, well
Now give me money
A lot of money
Wow, yeah, you need money
Now, give me money
That's what I want, yeah
That's what I want

This is not a serious matter, the money is only frozen until the 26 March 2013, you’ll get your money on 27 March 2013

Photo sources:http://www.google.co.za/imgres?imgurl

[Chrisjan B]

http://www.moneyweb.co.za/moneyweb-special-investigations/defencexs-chris-walks-like-an-egyptian

[Citizen X]

http://www.moneyweb.co.za/moneyweb-s...ke-an-egyptian

“Defencex's Chris walks like an Egyptian”'2% a day' mastermind has a history in the pyramid business.

“JOHANNESBURG – How much do members of Defencex know about their financial saviour Chris Walker? Defencex has gained a huge following in a relatively short space of time with its promised returns of 2% a day. As amazing as these returns are, surprisingly little is known about how they are generated, or about Walker himself.Is Walker a currency-trading guru? A gifted businessman? Or is he just running a classic Ponzi scheme? The Ponzi scheme theory is supported by the fact that Walker has had a prior run-in with authorities over an alleged pyramid scheme.Walker has done little to shed light on the matter. He has acknowledged but declined Moneyweb’s requests for an interview. A five-minute address to Defencex members at the Linder Auditorium last week was similarly lacking in detail.Let’s look at what we do know. A CIPC search for Christopher Mark Walker reveals two directorships. He is the sole member of Net Income Solutions, a close corporation registered in 2007. This is the entity that conducts 'Defencex' business. Walker is also a former director of public company Gold Charity Fund Investments (GCFI), registered in 2001. GCFI has since been deregistered.It was as a director of GCFI that Walker had his run-in with the Department of Trade and Industry (dti). On September 17 2001, Sapa reported that GCFI had failed in a court bid to prohibit the dti’s consumer affairs division from investigating its activities. GCFI was also reportedly being sued by its landlord for its alleged failure to pay rent for its premises in Quarry Lake, East London.Sapa reported that former President Nelson Mandela had submitted an affidavit to the court, which denied that he gave GCFI permission to use his picture on gold coins that were to be sold as part of an alleged pyramid scheme. This was in response to an affidavit handed in by GCFI employee Thembi Malasela who claimed she had received permission to use Mandela’s likeness from one of his grandchildren.The dti investigation went ahead and on November 8 2002 its Consumer Affairs Committee published a report into GCFI’s activities. Moneyweb has not been able to get a copy of this report. However, the findings are summarised in a Sapa article and also in Government Gazette No. 24822.The GCFI scheme was based on gold coins. Participants were required to buy a coin package, and then sell two coins to two other participants, who in turn would sell to two further participants, and so on.The committee found that at least 87.5% of the participants would receive no compensation. Instead they would contribute towards money made by the remaining 12.5%.“This is clearly not in the public interest,” noted the report. “The Peters in the scheme are robbed to pay the participating Pauls. If the Peters were aware of this, they would probably not buy the package.”The report said that participants were grossly misled by being made to believe that Mandela was in some way involved in the scheme. “To use the name of an icon such as Mr Mandela to mislead consumers is not only an unfair business practice, which is certainly not in the public interest, but also borders on criminality.”Sapa reported that Gold Charity Fund’s name misled consumers into believing their participation would greatly assist charity organisations. In fact the report found that only 6% of GCFI’s turnover was destined for charity.Alec Erwin, then Trade and Industry Minister, adhered to a recommendation by the committee that the scheme be declared an unfair business practice.Walker and his associates Nico Lotterie and T Mahlasela were directed not to have any interest in, or to derive income from, any business that applied the unfair practice.The dti also took action against a scheme called Coinbusiness.net, which surfaced in the Commonwealth of Dominica. The Coinbusiness scheme appeared to be an offshoot of GCFI. Its website offered shares to Gold Charity Fund members according to the number they already had in GCFI.A further report was published on May 9, 2003 in Government Gazette number 24822. A copy can be downloaded here.Consumer committee vice-chairperson Tanya Woker would later write that GCFI’s business plan “was identical” to that used by Skybiz, an international pyramid scheme. The only difference was that with Skybiz the product was a website whereas with GCFI it was a coin.“One of the promoters admitted that he was a Skybiz associate,” wrote Woker.It is unclear when Walker got the idea for his current 2%-a-day scheme, which, incidentally, appears to be a carbon copy of hundreds of other so-called HYIP Ponzi schemes found all over the world. However, in July last year he approached Liesel Teversham of the EFT academy of Southern Africa. EFT stands for Emotional Freedom Techniques.Says Teversham: “Chris had a network marketing scheme. He needed a product to exchange for points.”According to Teversham, Walker had previously tried “digital products” and self-defence classes, which is where the name Defencex comes from.Teversham says she ran three workshops, paid for by Walker’s business. The last was on November 16 last year. Teversham terminated the agreement when she discovered that attendees seemed to be more interested in Walker’s money-making scheme than emotional freedom techniques.Teversham says she and her business partner never met Walker in person; communication was limited to telephone and e-mail. “He was always friendly and courteous,” says Teversham. “It struck me that he really wanted to make a difference.”According to Teversham, Walker told her that he had 100 000 members.”[1]

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[1] Vide: Cobbett J: Defencex's Chris walks like an Egyptian. http://www.moneyweb.co.za/moneyweb-special-investigations/defencexs-chris-walks-like-an-egyptian. Accessed 18 March 2013

[Darkangelyaya]

I am SO happy they cleared up the link with EFT academy!

[Darkangelyaya]

Oh Dear!
http://t.co/yJVxwJKnHy
I may have read it wrong, but I thought Walker was supposed to prove legitimacy BEFORE the 26th?!

[Rvanniek]

Chris Walker responds to Ponzi allegations

Chris Walker has broken his silence and denies that DefenceX has contravened the banking act, and that it is a ponzi scheme.
Read Moneyweb's report here:

http://www.moneyweb.co.za/moneyweb-special-investigations/defencex-boss-denies-banks-act-breach

[Darkangelyaya]

Chris Walker has broken his silence and denies that DefenceX has contravened the banking act, and that it is a ponzi scheme.
Read Moneyweb's report here:
http://www.moneyweb.co.za/moneyweb-s...nks-act-breach

Two things:
1. Walker could've responded the way he did today a few days after the accounts were frozen. Then at least there would've been some sort of closure for all the innocents who thought that they would be able to eat some time soon. The affidavit was not exactly rocket science, or even any more than just basic legal gargling. (God help us all if he used Defencex money for a bunch of idiotic lawyers).
2. He failed to mention how he generates the 2% - AND THIS IS BECAUSE HE WOULD INCRIMINATE HIMSELF IF HE WAS HONEST.

Now it was said for the first time that his personal acccounts were also frozen. If this is the case, then in my opinion this is the real reason why he hasn't left the country. (Yet)

I hear Cuba is nice.

[Citizen X]

And, how's the investment business going

[Chrisjan B]

Mr Walker at it again:

http://www.moneyweb.co.za/moneyweb-special-investigations/defencex-boss-punts-new-moneymaking-scheme

[Citizen X]

Mr Walker at it again:
http://www.moneyweb.co.za/moneyweb-s...ymaking-scheme

[Pfuma]

Afternoon all,

it has been a while. i have been browsing defencex website and i saw a post by Mr Walker sayign the judge has reserved judgement on the 5th of June 2013. what does that mean?

regards,
Pfuma

[Chrisjan B]

http://www.moneyweb.co.za/moneyweb-special-investigations/defencex-loses-court-battle

[Dave A]

So that would seem to be the end of the Defencex venture. I wonder how long before the brakes are applied to the add-ventures of Mr. Chris Walker himself.

[Citizen X]

Afternoon all,

it has been a while. i have been browsing defencex website and i saw a post by Mr Walker sayign the judge has reserved judgement on the 5th of June 2013. what does that mean?

regards,
Pfuma

I think you mean 25 June 2013! The last time the case was heard i.e. before 25 June 2013, it would have been standard practice for the judge to state that he/she reserves judgement for a certain date. This simply means that he will take a certain period of time to consider the case and then give final judgement , in this case it was 25 June 2013(Today)
The latin maxim is cur.adv.vult