cashtanker

CashTanker
http://www.cashtanker.com/?rid=U5267776 updated 1-17-2010

It appears CashTanker and Sam Serino have done a runner on everyone. On Dec 7th he claimed to have
processor problems with people withdrawing large amounts. He credited everyone's account with their earnings
paid up through Dec 25th but not withdrawable until Dec 20 - 25th. On Dec 15th he wrote us another letter stating
he was 100% prepared to payout all withdrawal requests again in the Dec 20 to 25th range. He claimed Strict Pay
stole his money. Actually StrictPay was the only honest processor as Liberty Reserve refused to give us any information
on Sam's preparations to bail. StrictPay said they froze $2000 of Sam's money because Sam had NEVER put any of
his own money into his account to payout with. All payouts from the cashtanker strictpay account came from new investor funds coming in to the account and it was obvious to them this was a scam. Dec 22nd was the last day any money was transferred for referral fees. He must have not noticed that glitch sooner. He emailed certain people that their bankwire withdrawals had been sent, but they never arrived at their banks, so that was a big lie. It appears he also stole money
from people's back offices and blamed it on hackers. Dec 20th to 25th came and went and no withdrawals were paid
out and then he pulled the website. To my knowledge no one has heard from him since. I believe Sam Serino is a real
person because he shows up as one of my referrals in the GPP program. I emailed him at salesam@witty.com which he claimed was his real email addy, that if he didn't respond with what's happening I would post all his information that I had
on my webpage. He didn't respond, here it is.
The sad part to me is not that he stole my money, it's that his spirit is headed for hell when the dies. You don;t steal from people p[retending to e a Christina using Jesus' name and picture on your website and not expect to have some serious repercusions from it. I've read at least 8 books on visitations to hell this past year and it gets ugly, really ugly. I wouldn't wish what I've read on anybody but God has provided the out for us to stay out of hell and for those who choose not to take it, it's an eternity of pain and misery. I am presently undergoing a major revision of the parachute to delineate exactly what is required of us. You don't just say a sinners prayer once and think you are saved. Major lifestyle changes are in order for most people if you ever want to see the blue skies of heaven. Here's the bad news about hell. In Mathew 25:46 Jesus Himself tells us in the same sentence that the wicked will go to everlasting punishment and the righteous to eternal life. Now some affiliations tell us that everlasting punishment means annihilation, the effect is forever and ever but not the punishing. The problem with that analysis is, the same Greek word, anionon, is used to describe both concepts in that same sentence. That means if eternal life is forever and ever and ever, so is punishing in hell forever and ever and ever. Hell is forever and ever and ever. It is not termination in the lake of fire. Think about that . With all five senses you will feel pain in hell; forever and ever and ever.
Ber

I received this link recently
http://ponzischemealert.com/blog/sam-serino-cash-tanker-scam-a-christian-hyip-promotional-effort-shows-a-vile-side-of-the-hyip-autosurf-industry

Another at
http://www.talkgold.com/forum/showthread.php?t=258569&page=503

His recent IP address was coming from Dallas Texas
If you look at his emails to us, they're coming from Dallas
TX. You can trace email IP address' (it's the last one given
in the header of the email)
at http://www.find-ip-address.org/ip-address-locator.php

When you do, here's a summary of what I'm getting:

**Header IP in Sam's "Good News" email on 12/16/09 from
serino@cashtanker.com

IP Location Lookup results for 74.86.118.73 in Texas
IP Address Region: Texas
IP Address City: Dallas
IP Address Latitude: (32.7825)
IP Address Longtitude: (-96.8207)

Additional IP Location information for 74.86.118.73
IP Address Organization: Monsterhost.net
IP Address ISP: SoftLayer Technologies

**Header IP in Sam's email on 9/28/09 to me about exchanger
fees from serino@cashtanker.com

IP Location Lookup results for 67.228.19.225 in Texas
IP Address Region: Texas
IP Address City: Dallas
IP Address Latitude: (32.7825)
IP Address Longtitude: (-96.8207)

Additional IP Location information for 67.228.19.225
IP Address Organization: webhosting-live.com
IP Address ISP: SoftLayer Technologies

info@cashtanker.com has the same tracking IP address' with
Softlayer Technologies.

Now, there's always the possibility that Sam had a heart attack or somethinglike that. BUT, from all evidence I've collected it looks like a well run scam.

Investment program operated by Sam Serino, retired Investment banker who claims a grand total of 38 years
combined experience in various investment environments. I joined this in early June and was quite skeptical so
only funded it with minimum funds to let it ride it's course and test it out. I communicated with the operator many
times and he even sent me a notarized copy of his passport, which I still have along with his address and contact information. We had discussions about exactly how he made the money. I am not at liberty to pass that on. He
was invited to participate with a group in the banking industry that makes very significant income providing
you had very significant income to come in with. And he did. I wanted to verify with him that his system continued to
produce through several cycles before bringing it to my people. It is now September and his income method has cycled several times now and all seems well, so I will now share this with you. I have received a payment to my cashtanker
account every day since I joined. He got tired of working so much so he now works 5 days a week instead of 7 so we get
paid 5 days a week now also.Your personal site contains a history section where you can view all your payments as well as make withdrawals from.

Withdrawals
You can withdraw available cash at any time (interest earnings)
They will be paid to the processor you funded with.
Principal withdrawal is allowed every 25th of December

The Plan - not complicated.
If You invest $5 USD up to $1,000 USD you will earn 2% Daily

If You invest $1,001 USD up to $50,000 USD you will earn 3% Daily

For example, if you invest $100 USD you will earn $2 USD each and every business day of the month.
If you invested $1001 you will be paid $30.03 every business day of the month.

Referral plan
You can earn extra cash and get paid for referring other people as well

1) You receive a 5% Referral commission on every deposit made by those you sign up.
2) You will also receive an extra $0.05 USD bonus or every referral sign up!
3) And, You earn 5% from your referrals interest as well

Principal withdrawal every 25th of December
Reinvestment is available till 2012
Paying 5 days a week
Daily interest payments start at 8:00 AM EDT
Compounding option
This opportunity is offshore and the operator does not live in the US.

Here's things you need to know about how this works.
-- On your account page there is a cash balance figure and cash available figure. They are different.
-- Cash balance is your principal that is paying you the 2%-3%/day.
-- Cash available is the accrual of referral earnings and interest earnings on your principal balance providing you are NOT
    compounding your interest (turning it back into principal each day).
-- The cash available figure is what you could withdraw every day but it is NOT making you interest. The only money making       you interest each day is that which you see in your cash balance figure.
-- There is a reinvest button on your account page. Punch the reinvest button and anything that was in cash available (that you could have withdrawn but isn't making you any interest each day)   now goes to cash balance and becomes principal and now makes you 2%-3% interest each day but you can't withdraw it until Dec 25th. There's no mechanism to convert only part of it. It's locked up. You can only withdraw the interest from that principal which is deposited into your cash available part of the account each day. So be careful that that's what you want to do before punching the reinvest button because it takes EVERYTHING in cash available and makes it into principal in cash balance. If you only want part of your cash available put into cash balance take a withdrawal first of what you DON'T want to put in cash balance.

What I did is compound my daily earnings until I reached a point where I didn't want to have any more money at risk in the program, at least until it has more time under it's belt.    For me that point is when a program starts making between $1000 and $2000/month. I have a broke mentality and believe in diversification. Think Mrs VIP (who after almost 12 months now still hasn't refunded our money) , OICU which is hung up in making payments, Ad-Ventures4u who all of a sudden discontinued revenue sharing and then didn't payout cashout requests either, and a hundred others over the years who folded for one reason or the other. I have made my sole living off of these programs for the past 9 years. I haven't had a JOB or run a business for nine years. How? Diversification, because I DO have seven   2" notebooks full of failed programs, besides the viable ones now making the paycheck on my dogpage. From that point on (when a program is earning $1k - $2k/mo) I will normally start taking all my interest and referral earnings instead of increasing my principal and my risk. I then go find another good program to fund. I suggest you do the same. At least find that point where you draw the line too. If you have ten programs working well for you and two disappear for one reason or another, it's no big deal. If you are only in three good programs and two disappear, you are in big trouble.

So far, Sam has done everything he has stated he would. He communicates well. The program is well laid out. Simple to understand keeping in mind what I have stated above regarding cash balance and cash available and the reinvest button.
Ber
Sam's 12-15-2009 update re: 2010

Dear Investors,

I have a good news for all of you.
Now I am 100% prepared to complete all the withdrawal orders you have already ordered.
I would like to apologize for not responding to support requests, was very busy those days.

1. ALL WITHDRAWAL ORDERS WILL BE PROCESSED FROM 20th - 25th of December 2009
2. You can cancel current withdrawal and order a new one, if needed.
3. ALL Strictpay orders will be cancelled because this payment system blocked my account and stolen all the funds, moreover
they are running away and won't be able to complete all the withdrawal and information about a new Bank account is bogus.
Please don't worry and order withdrawal to LibertyReserve, PerfectMoney, EcuMoney or Bank wire. And I recommend never use
Strictpay again in the future, they are scammers.
4. Reinvest button will start working 1st of January 2010, you can leave any amount at Cash Available balance.
5. Next investment term 1st of January - 25th of December 2010, payments from Monday - Friday. Compounding CAP is 800%,
after reaching this limit - daily non compounded interest only, calculator will be updated after 25th of December 2009.
6. CashTanker will go PRIVATE after 1st of Janurary 2010, and only 5 referrals will be allowed. If you have more than 5 referrals
already you won't be able to refer nobody and they will stay with you.
7. Referral commission will be paid if your referral reinvest for the
next year (after 1st of January). Minimum to reinvest for the next year - 25 USD.

Blessed day,
Sam Serino

StrictPay's side of the issue

You know that I usually don’t mention the programs which I don’t monitor but in the case of CashTanker and its scamming admin I simply must make an exception. They accused the favorite payment processor of many online investors – StrictPay – of stealing members’ money and the intention to scam. I have received a few concerned e-mails from MNO readers today quoting the admin of CashTanker Sam Serino. Here it is:

“ALL StrictPay orders will be cancelled because this payment system blocked my account and stolen all the funds, moreover
they are running away and won’t be able to complete all the withdrawal and information about a new Bank account is bogus.
Please don’t worry and order withdrawal to LibertyReserve, PerfectMoney, EcuMoney or Bank wire. And I recommend never use
StrictPay again in the future, they are scammers.”

As you might be aware StrictPay don’t usually freeze accounts within good reason so in an attempt to find out the truth I contacted StrictPay and got a very detailed reply which I think will ease your doubts about StrictPay but will also raise some questions about the honesty and integrity of Mr. Serino who is obviously a scammer in my opinion. So here is the official reply from StrictPay to those allegations:
“CashTanker’s decision to cancel all StrictPay orders was foreseen and expected, as he does not have nearly enough funds to cover withdraw requests. At the moment, there is $2406.18 in their account. To be frank, his account has never been suspended. He can login right now and do anything but send money. We disabled his ability to send money when he said he wouldn’t be paying customers until December 20-25. While we try to trust all of our customers, it is common for websites to make claims like this when they can no longer pay their members in an attempt to drag them on as long as possible.

Also, it is worthy to note that this is not the first time he has tried to blame us for his problems. We had a system issue a few weeks back and he could not make payments using the AutoPay system for about 24 hours, and this affected all merchants. When all other merchants continued to use the service, he then told his customers that we were delaying his payments for the next few weeks, when in fact his balance was the limitation in his ability to make payments.

With that said, CashTanker has never funded their account with their own money. All funds that were ever available in their account were received from other customers. They told their customers that they sent us a wire to fund the account, yet we have still never received a single funding from them of any type. They have always been free to fund their account to pay their customers, and in fact we hope that they do. The fact is, over the past few weeks of their account activity, they started making payments to customers and draining their account on a daily basis. The reason we let this go on is simple, they were paying their customers.

I think it goes without saying that we have not stolen all of their funds. Why would we risk losing thousands of loyal customers over a couple thousand dollars? It just doesn’t make sense. Also, we already have one new bank account running and functional, and are simply waiting for a few others to finalize the process on their end. CashTanker and Sam may call us what they would like, but in the end we will still be here and it is unfortunately likely that they will not.
We hope that they do make their payments as promised, between the 20th and 25th of December, as there are obviously thousands of customers that will be hurt if they do not. We feel confident that our customers will see through this desperate ploy and realize the truth. And, for those that don’t, we fully understand and respect your decision.

Sincerely, StrictPay Administration”.