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

[Darkangelyaya]

The Sponsors referred to, are the upline individuals. They are not providing balanced and accurate info on fb, they are covering their own behinds.

[Citizen X]

The Sponsors referred to, are the upline individuals. They are not providing balanced and accurate info on fb, they are covering their own behinds.

What does 'upline individuals,' mean?

[Darkangelyaya]

What does 'upline individuals,' mean?

The top tier, people who have loads of others signed up under them. Most of whom they recruited.

[Citizen X]

The top tier, people who have loads of others signed up under them. Most of whom they recruited.

Well, they've got PWC looking into this so they will get to the bottom of it. I'm really keen to see how this unravels...

[mphoza]

So, seems you were lucky. My house needs a new roof , interested to sponsor the re-build? Come on.... we wanna know how much you made!

So from the non-members browsing,,, how much did you lose?

*Sidenote: Am I happy that it was shut down as it's illegal? Nope, I'm jealous of what others made, therefore I'm glad it's over.* (Sometimes human nature sucks, said the scorpion to the dying frog)
'

well as much as many of us are happy, the thing is the scheme has not crushed. the registrar simply filed filed an application to protect the public. that is why the order gives mr walker an oppotunity to present forward the validity of his business by march 26. no one has lost his money as yet, the accounts hv just been freezed pending mr walker's presentation in court

[Darkangelyaya]

well as much as many of us are happy, the thing is the scheme has not crushed. the registrar simply filed filed an application to protect the public. that is why the order gives mr walker an oppotunity to present forward the validity of his business by march 26. no one has lost his money as yet, the accounts hv just been freezed pending mr walker's presentation in court

Please read my comment again. I'm not happy...
But, seriously, you need to wake up and smell the coffee. It IS:
OVER,
ILLEGAL,
A NON-SUSTAINABLE PYRAMID SCHEME.
Please stop fooling yourself and misleading naive people.

[Blurock]

well as much as many of us are happy, the thing is the scheme has not crushed. the registrar simply filed filed an application to protect the public. that is why the order gives mr walker an oppotunity to present forward the validity of his business by march 26. no one has lost his money as yet, the accounts hv just been freezed pending mr walker's presentation in court

What do the criminals always say? Innocent until proven guilty? My friend, if it walks like a rat and it smells like a rat, it probably is a rat!

the registrar simply filed filed an application to protect the public.

So why would he want to protect the public if it was a legal scheme? Don't be so naive and please don't fool yourself.

[Citizen X]

well as much as many of us are happy, the thing is the scheme has not crushed. the registrar simply filed filed an application to protect the public. that is why the order gives mr walker an oppotunity to present forward the validity of his business by march 26. no one has lost his money as yet, the accounts hv just been freezed pending mr walker's presentation in court

Defiant to the bitter end! I like it! I'm keen to see how this unravels. In the one corner you have the Registrar of Banks, supported by PriceWaterHouseCoopers and in the other corner you have Mr Walker..

[BlueIvy]

Hi Guys, m also one of the "investors" in the so called Net Income Solutions. I've made a lot of money since i joined in Oct and i was smart enough to deposit only R600 yet i managed to walk away with R9000 before the scheme 's account was frozen. I've always wondered where does all this money come from?

[Citizen X]

Hi Guys, m also one of the "investors" in the so called Net Income Solutions. I've made a lot of money since i joined in Oct and i was smart enough to deposit only R600 yet i managed to walk away with R9000 before the scheme 's account was frozen. I've always wondered where does all this money come from?

Comment: The following is inter alia the bulk of the court order(If 1 or 2 punctuation marks don't correspond 100% please accept my apology! You can download the court order at
Source of article:
http://www.moneyweb.co.za/moneyweb-s...efencex-scheme
Source of court order
https://docs.google.com/file/d/0BzvgHbVjpjvxeUsxaTZ2T1dMdmc/edit?usp=sharing
Accessed: 2 March 2013


"2. A rule nisi do issue calling on the Respondents to show cause on the 26thday of March 2013 at 10h00 or as soon thereafter why an order in thefollowing terms should not be made:ORDER AGAINST THE FIRST AND SECOND RESPONDENTS3. The First and Second Respondents be prohibited from conducting "thebusiness of a bank", in contravention of section 11(1) of the Banks Act,1990 {Act No. 94 of 1990 - Banks Act), by:


3.1. ·conducting the activities set out in paragraph 2 and 3 of Government Notice 498 that was published on 27 March 1997 in the Government Gazette 17895;


3.2. accepting deposits from the general public (including persons in theemploy of the person so accepting deposits) as a regular feature ofthe business in question ; and


3.3. soliciting or advertising for deposits.

4. The First and Second Respondents· are prohibited from disposing of, orotherwise dealing with any of their assets while the contraventionsuspected of having been committed is investigated.


5. The inspectors appointed by the South African Reserve Bank and/or theirauthorised representatives be authorised to:5.1 serve this order and the application in terms of the rules of court on
The first and second respondents


5.2 secure and remove all money found at the premises of the First andSecond Respondents' premises during a search performed in termsof section 4 of the Inspection of Financial Institutions Act, 1998 (ActNo. 80 of 1998 - Inspection Act) pending the finalization of theinspection; and

5.3 obtain affidavits from the First and Second Respondents, during the service of the order and application and/or search performed in terms of section 4 of the Inspection Act, of the whereabouts of all their assets.
6. Paragraphs 3,4 and 5 operate with immediate effect

ORDER AGAINST THE THIRD AND FOURTH RESPONDENTS


7. The inspectors appointed by the South African Reserve Bank and/or their authorised representatives be authorised to serve this order and application in terms of the rules of court on the Third and Fourth Respondents.


8. The Third Respondent is ordered to prevent the withdrawal of funds fromthe bank accounts held by the First and Second Respondents at their institutions pending the finalization of the investigation.

9.1 to furnish the inspectors appointed by the South African Reserve Bank within twelve hours of service of this order with a writtensummary of all transactions, whether finalised or pending, involvingthe First and Second Respondents;
9.2 Not to deal with any funds under its control which relates to theaffairs of the First and/or Second Respondents pending thefinalisation of the investigation;
9.3To disclose the full extent of funds held by it or under its control In any bank account or otherwise on behalf of the First and/or SecondRespondents10. Paragraphs 8 and 9 operate with immediate effect."

Source of article:
http://www.moneyweb.co.za/moneyweb-s...efencex-scheme
Source of court order
https://docs.google.com/file/d/0BzvgHbVjpjvxeUsxaTZ2T1dMdmc/edit?usp=sharing
Accessed: 2 March 2013

If you look at order no: 9, this may just have some implications! The way I see it they want a comprehensive list of all transactions and the banks are now ordered to do just that!