Ponzi Scheme Alert and Oceanside Network – Rumors, Lies, and HYIP Cheerleader Irrationality Vs the Truth

Posted on January 23rd, 2010 by Mr. Ryz

It has come to my attention that a series of rumors are being spread by some “less than credible” (to put it nicely) characters that this blog was originally created strictly as some clever marketing effort and owned by a company named: Oceanside Network. Though I’m typically keen on just rolling my eyes and letting rumors pass on by, I think the time has come to alleviate some of the skepticism that has erupted.

If you trace back the history of the Ponzi Scheme Alert project, you’ll find it was started several months prior to the Network’s existence.  During February of 2009, I was encouraging Pathway 2 prosperity victims to take action against Nick Smirnow.  In fact, if you really dive into the available research, you’ll find that on multiple occasions people asked me for information pertaining to Oceanside Network in different article sections on this blog, to which I specifically asked them to keep the subject “on topic” and forward all Oceanside Network related discussion to me privately via e-mail.

So, why do I have bio links and a small spotlight on the top, right side of this blog relating to Oceanside Network information? Originally, none of this even existed, but during the last few months of 2009, I received quite a few angry comments and e-mails from HYIP cheerleaders that essentially said: “If you’re going to call this program a scam, why can’t you give any recommendations for something comparable? We want solutions (of course, most of those comments were NOT this polite or respectful).” Despite the fact that warning the public about likely ponzi schemes, MLM scams, etc. doesn’t obligate me to find them a supplement, these repetitive comments did convince me that providing a couple links to a relatively “high return” opportunity that I believe to be ethical would be fair and also most likely beneficial to my readers.

Now I see that some HYIP players – who are frustrated and angry because I have warned people about the ponzi scheme red flags associated with HYIP programs that they have become emotionally attached to – and a few individuals involved in the dark “HYIP Industry” politics – many of which have a personal beef against Broker Jones and other Oceanside Network staff – are trying to use my simple effort of providing a potential passive income supplement to discredit my materials through false rumors and accusations. So, I find myself in a “darned if I do, and darned if I don’t” scenario concerning bitter cheerleaders. One day, I’m accused of “not doing enough” when calling out scams without providing “alternatives.” The next day I’m accused of using the Ponzi Scheme Alert platform to satisfy my own personal “marketing agenda.”

I will no longer attempt to improve the odds in what has become a “lose / lose” situation. Quite frankly, I have no intentions of altering the current presentation and layout of this blog. For the past few months, this blog has contained a few links within my WP signature and a clickable side-box taking others to my website that provides additional information about the Oceanside Network. Readers and participants have not and never will be pressured into joining that company. It is, quite simply, an “alternative opportunity” that I believe to be legitimate and ethical; only recommended to people who are looking for supplements to the unstable and illegal HYIP Industry.  Although I would certainly like to see people join the Network, I never urge anyone to do so.

Regarding the crazy rumors that are currently being spread, let me put it to you “real fast and straight” – The Ponzi Scheme Alert website and blog has never been owned, shared, or operated by the Oceanside Network, Broker Jones, JD Kaiser, or any other related individuals or organizations.

Another, slightly more ambiguous rumor I’ve discovered states that “I will call ‘ANYTHING’ and/or ‘EVERYTHING’ a scam except for the Oceanside Network;” and I’m inclined to believe this one is derived from cheerleader desperation I’m accustomed to seeing whenever I “rattle the cages” of an extremely emotional group. Once again, let’s go through the simple history of Ponzi Scheme Alert to see why this ridiculous accusation is purely false:

- I wrote about a blatant HYIP ponzi scheme, Sam Serino’s Cash Tanker, mainly to vent about my disgust for a fraudster that would pervert religion and symbols of Christianity to market his scam. I was half-way shocked when I discovered just how many people had infused blind faith into Serino’s absurd promises and wouldn’t allow themselves to see the obvious red flags indicating a ponzi scheme.

- I discussed some of the red flags associated with Guardian Equity Group at the request of some personal contacts involved with GEG’s investment program. Interestingly enough, a few GEG members came forth admitting that they and many other investors they knew were also critically examining the “model” and “changes” associated with the group. Most of them agreed with my red flag analysis to some extent.

- I reviewed TVI Express and the nature of “cycler programs,” explaining why such models weren’t built to last. In straightforward terms, the very proof that cycler programs are temporary, “get in while their hot” programs lies in the fact that no cycler program has ever survived even the basic, 3-5 year test of time. The fact that they contain illegal pyramid scheme aspects is verifiable by FTC definitions.

- I warned people about an outrageously blatant series of ponzi schemes that were promising their “investors” over 1000% ROI in one day!

- I examined a rather popular HYIP, Genius Funds, and disproved many of its members’ arguments that it was “safe” or didn’t show “red flags.”

Apparently some individuals would like you to believe that 5 warnings against programs showing dangers, “red flags,” etc is “Everything.“  How ridiculous.

Before I go on, take note that I am not summarizing these warnings in some arrogant attempt to portray myself as someone who is “always right.” I’m not a fortune teller, and I certainly admit that what I predict or suggest may not always be right. I’m simply an individual that has seen the treacherous angles of the “HYIP Industry” and has learned to separate due diligence and proper criticism from “negativity.” I examine the warning signs that often repeat themselves within the HYIP industry, and attempt to shine a little logic on to communities that “fall in love” with specific ponzi schemes and are blinded to the dangers around them.

Put as simply as I can – When I see a scam, I call it a “scam.” When I see red flags, I alert people to “red flags” and encourage them to examine the situation in a professional, mature manner. This is exactly what I have done with the programs / organizations I previously listed. Apparently, some misleading cheerleaders and desperate instigators have distorted those warnings as if I’m calling “EVERYTHING” a scam except “Oceanside Network,” when in fact, I’m merely “calling them as I see them.”

At the same time, I see nothing wrong with recommending a program I believe in to those who are searching for something legitimate.  As for those who claim that the very presence of a “link” on my site to the Oceanside Network indicates that I will call any program I come across a scam – whether I believe it is or not – they are probably not reading the reasons and logic I give behind my posts.   They are most likely just claiming such things because the truth about the red flags surrounding their program is too hard for them to accept.  People such as this are more interested in finding any way they can to justify the situation, even if it involves making me look like the “bad guy,” instead of coming to terms with reality.

I did not originally set up the Ponzi Scheme Alert blog expecting 100% support from every reader and participant. I’ve witnessed some outrageously greedy and delusional people in the HYIP Industry, and it’s only natural to expect some retaliation. I’ve also been on the opposite end of the table with a former ponzi scheme known as 12 Daily Pro, and I remember how easy the “thrill of being paid” and “making money” can persuade a reasonable person to adopt the attitude of a mindless, greedy cheerleader. Some people refuse the invitation to apply common sense and instead choose to recklessly mock anyone that doesn’t support the programs they have interests in. Unfortunately, some individuals’ immaturity needs to be ignored and they must learn the “hard way.”

A recent poster on this blog attempted to patronize me by suggesting that my warnings against ponzi schemes and specific red flags only help support the programs I am warning against. This is a common HYIP cheerleader taunt, but I tell you that nothing could be further from the truth. I have received several e-mails from random people all over the globe thanking me for my honesty and attempts to warn people to think critically and avoid suspicious programs. Certain individuals have even specifically told me how much money they saved after reading my articles, deciding not to “invest,” and watching the program crumble away to ponzi scheme fate. Their testimonies alone are enough to convince me that posting these warnings is making a difference.

In conclusion, you may choose to believe what you wish about me and Ponzi Scheme Alert. In fact, I imagine the zealous gossip train out there will read this article and start some new pitiful rumor, something along the lines of- “The only reason he posted all that is to try to get you into the Oceanside Network after all!” – which would not be surprising. Desperate cheerleaders looking for any way to combat those who explain the truth about HYIP scams will continue to do what they do best – twist the truth.

However, even if you’re involved in the “HYIP Industry” to some extent and you decide not to trust a word I ever post, I still encourage you to do the following: Be open-minded, use common sense, complete real due diligence, and think like a professional investor - not like a gambler. If you do these things, you will avoid the sting of reality that comes with ponzi scheme deception.

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- Mr. Ryz

www.MrRyzFinancial.com

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Tags: Broker Jones, Cash Tanker, Genius Funds, Guardian Equity Group, HYIP cheerleader, HYIP Industry, Oceanside Network, ponzi scheme, Ponzi Scheme Alert, TVI Express

Oceanside Network – Interview With President Broker Jones Of The Oceanside Network Company, Legitimate & Ethical Contender Of The Standard 21st Century Internet Scam or NOT?

Posted on September 25th, 2009 by Mr. Ryz

Oceanside Network, a new company that seeks to combine the leverage of network marketing with a passive income opportunity for non-recruiters / non-marketers, launched its first month of operations during September, 2009.

The company advertises a private system that enables all members to earn a significant monthly income even if they never sponsor or recruit a single person.  Full disclosure of this private operation is only available to registered members with Oceanside Network, and in this current financial world filled with ponzi schemes and pyramid schemes, people are carefully completing due diligence with one sole question in mind:  “Is Oceanside Network a scam?“

We decided to contact the Oceanside Network President, Broker (Justin) Jones, in order to gain a better understanding of the company.  Mr. Broker Jones agreed to a basic interview.  Although there are a few private affairs which he cannot legally discuss, I think you’ll be impressed with some of the straight-forward answers he provides us with.  Let’s go to the interview questions…

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Mr. Ryz:

“Broker Jones, please tell us a little bit about yourself.  How did you become the President of the Oceanside Network company?”

Broker Jones:

Well, Mr. Ryz, it’s been an interesting journey so far. Many people who are going to read this interview remember a company named Oceanside Wealth which was owned and operated by the 51% company owner Dr. Kumar Singh of Gilbert Arizona. Some will remember that I was the biggest team builder for that concept, where I contributed the lions share of a 3,000 member team in less than 60 days.

Unfortunately, the administration lead by Dr. Kumar was simply not ready to handle a team of that size and calibre, and things didn’t get set up correctly, the backoffice was a mess, and Dr. Kumar was of the temperament that nobody else was going to tell him how to run his business. I ended up posting a long update on why I was leaving the venture, in order to pursue a partnership that could and would bring the idea of Oceanside to the world on a grander scale that was both legal and administered with what I felt was a much more robust competency. I remember one night where Dr. Kumar called me in a panic asking ME to explain to HIM how HIS Matrix worked…….and that was a sign to me that this guy was “playing at business” and didn’t possess the ability or the experience to deliver on a business model as complicated as what he was trying to achieve. Shortly after my announcement that I was no longer willing to represent the “front man” (aka “the fall guy”) of Oceanside Wealth, Dr. Kumar packed up shop and began issuing refunds. He conveniently left me last on the list to refund, and when all was said and done, myself and a few others never got a refund. It’s something like less than $6,000 that he ran off with……$2,000 of that being mine.

But I believe that all things happen for a reason, because it was not longer than 48 hours that my current business partners and I had already come up with the core concepts of what would develop into Oceanside Network today.

Oceanside Network is a combination of 4 equal ownership partners, and I guess the title of President just kind of landed on me because of my general “voice” to the team. After having been a Network Marketer full time for the last 4 years, it just came naturally for me to assume the role of “team leader”. The title of President is actually a little more glorious than the role that I actually perform. I’m more of a “head customer service/marketing guy” than a “President”, but you take what you can get! I’ve asked my wife if she will make me a big cape and a crown to wear around, but so far she’s not buying it.

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Mr. Ryz:

“How long has the Oceanside Network staff been working on the development of this company?”

Broker Jones:

The Oceanside Network team spent 60 hours a week over the course of 10 months to bring Oceanside Network to fruition. In that process we spent hundreds of hours on conferences with asset protection specialists, international finance specialists, corporation building specialists and we collectively tip our hats to one Mr. Randy Scott Fillmore who is an executive Vice President at Charles Schwabb for consulting with us literally out of the goodness of his heart. This business model is intricate, has many moving parts, and we constantly have to remain on our toes in order to always strive for higher levels of compliance with the global governing powers that be. We are in a global climate that is constantly changing, and so while it took us 10 months to launch Oceanside Network, our duties in the constant development and fine tuning of our company will never end.

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Mr. Ryz:

“As you are already aware, the internet is filled with advertisements and hype for thousands of different business opportunities, including:  MLM companies, high-ticket direct selling, affiliate clubs, and other various ‘money making’ opportunties.  What makes Oceanside Network stand above these ‘average’ opportunities?”

Broker Jones:

At Oceanside Network nobody ever has to recruit to make money. Including us! Actually it’s LESS complicated for us as owners if nobody else ever joins! Show me another company out there that can honestly say the same thing.

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Mr. Ryz:

“The Information Age has also brought the world a substantially large quantity of illegal ponzi schemes, masked under names such as: HYIPs (high yield investment programs), Autosurfs, Doublers, Gifting, and more.  Someone completing due diligence may be afraid that the Oceanside Network fits one of these categories.  Could you briefly explain how the Oceanside Network is completely different from all the scams you see online today?”

Broker Jones:

I know about the industry your talking about because I got started in my online marketing career by starting a blog about how to avoid losing money to such scams. Without violating a whole bunch of SEC and FTC regulations I unfortunately cannot get into the specifics of why we are not a ponzi scheme, but what I can tell you is that the Network Marketing side of Oceanside Network is through a reputable company called Global NPN which has been operating since 2004 and has some amazing products and services attached to it. Our passive income system (available only through private offer) is unique because we will be one of…if not the first….company to actually show proof of our system to our Silver Ranked members and higher. To the general public, I unfortunately cannot offer anything more, and to the public I say politely that “if you’re skeptical now it’s ok, we’ll still be here 5 years from now, in which case we would of more than doubled the life of even the longest running ponzi’s and you could probably summarize from that alone that we are in fact the real deal.”

We are really not in any need or hurry to recruit skeptics into our company, so I don’t really spend a whole lot of time trying to “prove” that Oceanside is the greatest thing since sliced bread. Instead I work with our current team, and I spend my time working on developing new tools and features, and enhancing our current business model and structures.

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Mr. Ryz:

“What are some of the long term goals that you and Oceanside Network owners would like to accomplish in about 2-3 years?”

Broker Jones:

Complete….World…..Domination……mua-ha-ha.

Ok….being serious.  In the next 2-3 years we would like to change the lives of thousands of people across the globe. We don’t toy with the delusions of making everyone into a gazillionaire, but if we can just get every member to the point where they are earning an extra $1,000…….$5,000…..$10,000 or more into their homes. If we can help them make their house payments…….if we can take some of the “stress” off of marriages that oftentimes comes with financial burden. If we can help send children to college……if we can help pay for “operations”. If we can help people free their lives so that they can pursue their true passions.

Then we will have achieved something that is bigger than any of us, and all of us combined.

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Mr. Ryz:

“How was your very first month of operations (September 2009), and will you be making any major changes next month?”

Broker Jones:

Our very first month was about as good as we needed it to be. We have a great core group of members spanning all across the globe, and we had a great turnout from our passive side of things.

I wouldn’t say we are making any major changes next month, but we will be putting some new features into our backoffice that will allow for greater mass communication and we’ll be exploring several options to increase our ability to conduct financial transactions on an International scale.

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And NOW our random question of the day for Mr. Jones -

“If you had to be trapped in an old-fashioned, 5 ft x 3 ft phone booth for 6 hours with 1 person, who would it be?”

Broker Jones:

Hmmmm Scarlet Johannson?

Again in seriousness, and as physically uncomfortable as it may be because I’m a pretty big guy……I’d have to go with Donald Trump. I think if I had his ear for 6 hours he might just end up being intrigued by our business model and offering us some great pointers!

On second thought……..scratch that. I was serious about Scarlet! ***My wife is throwing a shoe at me right now***

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And there you have it, folks – straight from the mouth of the current President of the Oceanside Network.  I’d like to thank Broker Jones for taking the time out of his busy schedule to answer my questions so that other readers and researchers can gain some more insight about the Oceanside Network company.

If you would like to learn more about the Oceanside Network, I have two websites that you can look into:

www.MrRyzFinancial.com – This is my personal website that provides additional materials about the benefits of joining the Oceanside Network team.

www.OceansideNetwork.com/mr_ryz – This is the link to the official company site.

As 2010 approaches, we’ll probably be watching the Oceanside Network very closely and posting additional updates on this blog.  Look for the name “Oceanside Network” in the near future!

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- Mr. Ryz

www.PonziSchemeAlert.com

Tags: Broker Jones, Kumar Singh, Mr. Ryz, Oceanside Network, Oceanside Network scam, Oceanside Network team, ponzi scheme, President Broker Jones