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ycchen
November 27th, 2004, 01:16 AM
A new pyramid-doubler scam (4x-backed-doubler), endorsed by pro-doubler forum (moneymakergroup)'s owner (ASFx), is going to lanuch soon.

Only 191 members so far, a pathetic numbers to launch a successful pyramid/ponzi scam. I am sure this scam will be a total failure, and stagnant in less than a week. Then it will dissappear in no time.

I thought I copy their terms and conditions in case they dissappear. They do not even pretend to sell a worthless ebook, so it is a PURE PONZI SCHEME :D

http://4x-backed-doubler.com/terms.php 4X Backed Doubler Terms and Conditions.
Introduction

The following Terms and Conditions control your membership in the 4X Backed Doubler program. You agree that you have read and understand this Agreement ("Agreement") and that your membership in the 4X Backed Doubler program (the "Program") shall be subject to the following Terms and Conditions between you (the "Member") and 4X Backed Doubler. These Terms and Conditions may be modified at any time by 4X Backed Doubler. Please review them from time to time since your ongoing use is subject to the terms and conditions as modified. Your continued participation in 4X Backed Doubler after such modification shall be deemed to be your acceptance of any such modification. If you do not agree to these Terms and Conditions, please do not register to become a member of 4X Backed Doubler.
Terms of Participation

Member must be 18 years of age or older to participate. Members must provide 4X Backed Doubler with accurate, complete and updated registration information, including an accurate name, mailing address and email address.

To the full extent allowed by applicable law, 4X Backed Doubler at its sole discretion and for any or no reason may refuse to accept applications for membership.

Members may not (i) activate or use more than one Member account; (ii) select or use a Email Address of another person; (iii) use a name subject to rights of another person without authorization from that person; (iv) use a false or misleading name, mailing address, or email address to activate or use a Member account.

By signing up for the 4X Backed Doubler program, Member is opting-in to receive other special offer emails from 4X Backed Doubler . If you do not wish to receive these emails, you may cancel your account anytime .

4X Backed Doubler reserves the right to track Member's activity by both IP Address as well as individual browser activity.

4X Backed Doubler has the right, in its sole discretion, to suspend or cancel, at any time and for any or no reason, a Member's membership in and access to the 4X Backed Doubler Website and the 4X Backed Doubler program. All Earnings may be cancelled in 4X Backed Doubler sole discretion, and the Member may be referred to appropriate law enforcement agencies if such action is deemed warranted by 4X Backed Doubler.

Member agrees not to abuse his or her membership privileges by acting in a manner inconsistent with this Agreement. Member agrees not to attempt to earn through other than legitimate channels authorized by 4X Backed Doubler. Member agrees not to participate in any fraudulent behavior of any kind.

4X Backed Doubler shall be the sole determiner in cases of suspected abuse, fraud, or violation of its rules. Any decision 4X Backed Doubler makes relating to the cancellation of Earnings and the termination of membership shall be final and binding.

Spamming is strickly prohibited. Any spamming done to advertise 4X Backed Doubler will result in immediate termination of your account and a forfeiture of your account balance. Incidents will be dealt with on a case by case basis.

Member's discontinued participation in the 4X Backed Doubler program or failure to notify 4X Backed Doubler of any address (mailing or email) changes may result in the termination of Member's membership and forfeiture of Member's unredeemed Earnings.

Member shall comply with all laws, rules, and regulations that are applicable to Member. Member acknowledges that Member may only participate in the 4X Backed Doubler program if and to the extent that such participation is permitted by such laws, rules, and regulations.

If member objects to any of the Terms and Conditions of this Agreement, or any subsequent modifications to this agreement, or becomes dissatisfied with the Program, Member's only recourse is to immediately discontinue participation in the 4X Backed Doubler program and properly terminate his or her membership.
Disclaimers

MEMBER EXPRESSLY AGREES THAT USE OF THE SERVICE IS AT MEMBER'S SOLE RISK. THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. TO THE MAXIMUM EXTENT ALLOWED BY APPLICABLE LAW, 4X Backed Doubler EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED BY LAW, CUSTOM OR OTHERWISE, INCLUDING WITHOUT LIMITATION ANY WARRANTY OF MERCHANTABILITY, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. 4X Backed Doubler MAKES NO WARRANTY REGARDING ANY GOODS OR SERVICES PURCHASED OR OBTAINED THROUGH THE PROGRAM OR ANY TRANSACTIONS ENTERED INTO THROUGH THE PROGRAM.

TO THE MAXIMUM EXTENT ALLOWED BY APPLICABLE LAW, NEITHER 4X Backed Doubler NOR ANY OF ITS MEMBERS, SUBSIDIARIES, PUBLISHERS, SERVICE PROVIDERS, LICENSORS, OFFICERS, DIRECTORS OR EMPLOYEES SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR RELATING TO THIS AGREEMENT, RESULTING FROM THE USE OR THE INABILITY TO USE THE SERVICE OR FOR THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES OR RESULTING FROM ANY GOODS OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO THROUGH THE PROGRAM OR RESULTING FROM UNAUTHORIZED ACCESS TO OR ALTERATION OF USER'S TRANSMISSIONS OR DATA, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, USE, DATA OR OTHER INTANGIBLE, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

To prevent unauthorized access, maintain data accuracy, and ensure the correct use of information, 4X Backed Doubler uses appropriate industry standard procedures to safeguard the confidentiality of Member's personal information, such as firewall, encryption, token authentication, application proxies, monitoring technology, and adaptive analysis of the Website's traffic to track abuse of the 4X Backed Doubler.com Website and its data. However, no data transmitted over the Internet can be 100% secure. As a result, while 4X Backed Doubler strives to protect its Members personal information, 4X Backed Doubler cannot guarantee the security of any information that Members transmit to or from the participating advertisers/merchants and Member does so at his/her own risk.

This Agreement constitutes the entire Agreement between Member and 4X Backed Doubler in connection with general membership in the 4X Backed Doubler program and supersedes all prior agreements between the parties regarding the subject matter contained herein. If any provision of this AGREEMENT is found invalid or unenforceable, that provision will be enforced to the maximum extent permissible, and the other provisions of this AGREEMENT will remain in force. No failure of either party to exercise or enforce any of its rights under this AGREEMENT will act as a waiver of such rights.

ycchen
November 27th, 2004, 01:24 AM
Read the fine print at TOS and FAQ. This is probably the first pyramid scam that is shamelessly packing owner's own name into the doubler. How can any one trust a scam in which the owner play both "judge" and "player" at the same time? It is a complete joke :mad:

And I won't be surprised if ASFx and the owner double 5 times in a week! This is just another proof on how pro-doubler forum owners and the scam owner collaborate to rob other "willing victims."

I am sure our anti-ponzi members will continue to monitor 4x-backed-doubler.com scam and report it to the authorities!

Please be advised

We will continue to work at 4XBD as long as people reinvest in the system, either through reinvestment of their doubled money, or by buying new positions to double and as long as the private programs I invest into stay in existence and continue to perform as in the past. Admin will have positions in the cycler along with the members that will be used to push money through the program as they mature. We will do everything we can to push members to cycle as quick as possible.
We will do our best to anticipate slow times (if any) and adjust the doubling cycles accordingly. We strongly advise getting your initial investment out within a reasonable time. This way you don't lose any "real" money should something unforeseen happen.
This is your responsibility as a member of 4X Backed Doubler, we are not liable for any lost monies due to slowing of the influx of new members.