View Full Version : PrizeMonkey.com
MatrixWatch
July 9th, 2003, 06:45 AM
This site has closed with the following message:
Site is Currently Closed
Due to payment processor difficulties.
Sorry, for any inconvenience this has caused.
Questions/Requests/Complaints can be sent to:
prizemonkeysales@prizemonkey.com
Does anyone know the details surrounding this shutdown? I believe that they were at one time serviced by PayPal, but then they switched to StormPay.
mikv
July 9th, 2003, 12:56 PM
I read in another forum that they were frozen but they supposedly found another processor but that one fell through too. I got the impression that they weren't able to get people currently cycling to sign up through the other processor and most of the new customers did not want to sign up to the new processor as well.
hurley9192
July 9th, 2003, 02:55 PM
That's two for me!!!
The same people that were on the rsient.com list were suddenly moving over to this list. I suspected insider info going on and emailed paypal about it a couple of times.
Game set match...
However, now I've run out of golf club matrix sites to bring down...
tcb1969a
July 9th, 2003, 04:07 PM
So Hurley, are you proud of yourself......?
I wonder if those people that will lose there money, will thank you.....
mikv
July 9th, 2003, 04:47 PM
RiversideMatrix.com is offering golf clubs as well. But they only have 1 person who's paid for that list so far. Why are you targetting the "golf club" lists? Is there something behind these sites that offer them?
tcb1969a
July 9th, 2003, 04:51 PM
Yes, what is the deal with golf clubs? Are Golf Clubs inherently evil or what....? Just curious....
hurley9192
July 9th, 2003, 06:52 PM
I am proud of myself for helping fight this. I didn't cause anyone to lose money, I was the person telling them not to buy in because it's a ponzi scheme and they wouldn't get anything out of it.
It was the people on ebay selling the links that were causing the people to lose money by telling them that they will get a great set of clubs within a month by just paying the $45.
I'm mostly just against this guy and his sites. I found it through looking for golf clubs and that is where I have focused.
Also, these people were doomed to lose their money from the get go because these two sites were straight out ponzi schemes and once they grew a little bit, they were going to collapse, which is what they did.
tell me this...how would a site that only pays out 1 person every time 20 sign up keep going without having their list get exponentially greater and becoming stagnant? It wasn't me that cost them money, it's the 54 people that received clubs based on their $45 that got rich off them.
tcb1969a
July 9th, 2003, 06:56 PM
I'm not defending them. A list that is that long would not last and that is true. But your actions will cause a lot more Matrix sites to fall as well.....and that will also hurt a lot of people.....including us honest matrix owners............
matrixfriendly
July 9th, 2003, 07:04 PM
Originally posted by hurley9192
I'm mostly just against this guy and his sites. I found it through looking for golf clubs and that is where I have focused.
tell me this...how would a site that only pays out 1 person every time 20 sign up keep going without having their list get exponentially greater and becoming stagnant? It wasn't me that cost them money, it's the 54 people that received clubs based on their $45 that got rich off them.
A:
What do you mean "this guy"? You act as if you know him or something.
B:
If 54 people got clubs from this site I would say that the lists were doing just fine.
If you are responsible for the shutdown as you claim, you did make everyone on the list that might have had a chance to receive the clubs lose their money. It would then be your fault. You said that you were responsible for it, didn't you. Yeah you might have kept anyone else from joining, but the fact is you are responsible for the people that had already joined if you indeed were the cause of this.
hurley9192
July 9th, 2003, 07:09 PM
That's why we will hopefully be able to go after Gary Malone, the site owner, whom I've emailed back and forth with a couple times, for the amounts that he should refund these people.
If 54 cycle and over 1000 don't, then the site is a success. In that regard, why don't all of us put in $50 in a bank account. For every 20 that sign up, the first on the list gets $1000. If I'm first on the list and get paid, but if no one else pays in and the other 19 don't get anything, was it a success?? In your example it was.
Plus, there were multiple names of the same guy on a bunch of his lists. It wasn't because he was the lucky one that got in line first either.
My goal was to first get the site to shut down so that others won't get scammed, then it's to subpeona the list of names of people that paid in so that we can contact them and file a class action against the site owner and get them refunds.
tcb1969a
July 9th, 2003, 07:11 PM
And Class Actions take years to settle............
matrixfriendly
July 9th, 2003, 07:16 PM
So you are saying that he did not explain the system to the consumers that was buying into the system? I saw the sight and read his agreements and understood completely. There did not seem to be anything hidden. Why cant it be that the same guy signed up multiple times. I see lists all over the place with duplicate names on them. That seems to be with any good site. The people like them and think that they can cycle it so they sign up multiple times. I cannot think of one site that I have been to (except)for a brand new one that did not have atleast some multiple name lists. And yes I would call cycling 54 people a success in the works until you claimed to have shut them down. Just think of how many more would have cycled if you had not interfered. You are responsible for the loss.
hurley9192
July 9th, 2003, 07:35 PM
so say the current 1000 people would have cycled, then you would have 19,000 more waiting and left out. A site like this was destined to fail because it was a flat out ponzi scheme.
The reason that it failed was because the people weren't able to advertise on ebay anymore, which they shouldn't have been able to in the first place. Also, people were signing up under the false pretense that they were practically guaranteed clubs by the person running the ebay auction.
My main goal was to stop having these ebay auctions giving false promises and get them stopped and then to help the people that weren't cognizant enough to understand the way this worked and bought in even though they were 1000 spots out and it was only cycling about 15 people per month their money back.
tcb1969a
July 9th, 2003, 07:43 PM
Ok.....I will say this again, any site that solely depends on advertisement on eBay, deserves to fail.........
MysticX23
July 9th, 2003, 07:45 PM
yup yup..ebay i don't think is the best way to advertise...
...its the best way to make tons of money selling links..too bad its ended.heh
tcb1969a
July 9th, 2003, 07:50 PM
Mainly those who advertised on ebay anyways were the customers trying to get themselves cycled, hence why there were so many dishonest ebay advertisements...
And then this site takes credit for getting those auctions cancelled even the ones who were not dishonest, effectively hurting the same customers they say they are trying to help.
Interesting, heh.....
hurley9192
July 9th, 2003, 08:14 PM
I only take credit for the golf club auctions that were cancelled, but there wasn't a single one that I reported that was legit...they all were painting the pig and trying to make it pretty.
tcb1969a
July 9th, 2003, 08:20 PM
Was it bacon from a pig? Cause I like bacon....lol
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