GPP info

8-19-2011 update    9-6-2010 update     6-10-2011 update     GPP is it a scam?

8-19-2011  You can read the latest message from the GPP Trustees  here.
It is just a regurgitation of their June message. I may be wrong but it is still my opinion the group claiming 
to be the GPP trustees are the scammers. No one I know of has received anything from them.
They are just trying to separate you from your money. Many people consider the fee small enough to 
pay and that is what this group is banking on.  First with their debit card fee, and secondly with their courier 
fee added months later. 100,000 people times $25 or $75 for the debit card plus $20 or $40 for the courier fee  
is a significant sum of money for just sending out an email.  I for one have not paid this courier fee nor do 
I intend to
do so.  I DID pay the 20 euro courier fee to the original GPP as these are the people Wayne 
claims is now receiving their packets.
See current and back issues of Wayne's Talkshoe program here:  http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=14140&cmd=tc  

6-10-2011
The email that is now going around about the gpp debit card courier fee requested from the GPP Trustees appears 
to be  not real.  That is, not from the real GPP.  I think most people have that news already.  If not, I post it below along with my comments. Don't send in any more money to the GPP Trustees. You are just throwing it away.  The Liberty Reserve account on the bogus email was just established on June 3, 2011.  It is newly created.  Not from GPP.  Also they were able to find out where the acct was established from, the country, the time and by whom.  Even the email was just established on June 3rd.  GPP has never changed "their" Liberty Reserve acct. 
Packages are being received and have been received by GPP members.  The site is up and running.  I just checked it myself.  No more news at this point.  Still waiting.

Now the request from the GPP Trustees is different than the courier fee request from GPP, as it appears the only 
people receiving their GPP packages presently are those who DID send in their $20 euro courier fee.

You can still access your site at  http://www.global-final-step.net  
but be cautious , the site may have been taken over by hackers long ago.

Wayn’es TalkShoe contines to support group A (the original GPP, group B is the Trustees) with the original
Liberty Reserve spend to number of  U9270694.
Spend 20 euros and in the memo box of the spend put your 
GPP user ID name and the word shipping. Nothing else.
Waynes TalkShoe claims each session that he knows 
of more and more people who have received by sending in courier fees. But he gives no specific information 
of who, what, why, or when. That pitch goes like this "GPP has asked those of us who have policies directly 
with the company to send in the 20 Euros (not USD but Euros) to assist with the cost of the package coming 
to you.  Individuals are receiving their packages all over the world But never any specifics.  Read more history below starting with the 9-6-2010 date further down.

6-3-2011
If you are a GPP member and have received past GPP Trustee updates, you should have 
received this current one also.  My personal thoughts?  The trustees said we would receive our debit cards 
ust after the first of the year. We essentially haven't heard from them at all for the past five months.
They DID send out a notice on Apr 30, 2011 11:56 pm that said  "the banks rejected the paperwork due to 
he changes in banking regulations and to redo all of them will take another year or two and by that time more 
new regs will go into effect.  Lets face it the elite do not want us to receive these funds."  Encouraging message 
from people who had no problem stealing debit card fees from us. That message alone tells me they never had 
anything to do with the real GPP. This current email is probably an attempt to screw you even further than the 
debit card fees in light of the continuing reports from Wayne at Wayne's TalkShoe that people who sent in 
courier fees, NOT debit card fees,  
ARE the ones receiving their GPP packages, albeit slowly.   See current 
and back issues here:  http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=14140&cmd=tc  
that continue to report  that people in Europe as well as the US are in fact receiving their GPP packages WHO 
SENT IN THEIR COURIER FEES. Wayne has not reported on anyone WHO HAS RECEIVED ANYTHING who 
sent in a debit card fee to the GPP Trustees.  I have to say that in my opinion the email message from supposedly 
the trustees  below is just another attempt by whoever the trustees really are, to steal more of your money with 
absolutely no connection of themselves to the real GPP. 
Now that's just speculation on my part.  Maybe someone could do some investigation on whom the Liberty Reserve number U7842661 (GPP SHIPPING) really belongs to.  But I would almost guarantee you it doesn't belong to anyone associated with the real GPP. They then sent out a second followup email including their original silver and gold card LR numbers to make the email seem more authentic.  I for one will NOT be sending $40 to this LR number as the delivery fee for our cards was supposed to have been included in the cost of the card we sent in for almost a year ago from the GPP Trustees, who probably in fact do not and never have existed as an extension of the real GPP. Collectively over the past year the trustees now have amassed too many lies and contradictions to be believed that they have anything to do with GPP except to lay yet another snare to steal more of our money. 
Again, just my opinion. Hey, I could be wrong. As I tell my wife, God didn't create perfect Bers

 ----- Original Message -----

From: "GPP TRUSTEE" <no.reply.globalpensiontrustee@googlemail.com>
To:
Sent: Saturday, June 04, 2011 1:29 PM
Subject: GPP PAYOUT UPDATE

 (Note : We sent out some incomplete updates earlier. This is the complete version)
Dear Global Pension Plan (GPP) Members,
We apologize for the delay. Processing all the paperwork took the banks much longer than we expected. Straight to the point, we MUST now remind you once again that the AUTHORITIES ARE WATCHING. We're sure that you are well aware of another major program that has been SHUT DOWN by the authorities. They are NOT coming back online and their payout funds have been FROZEN by court order. Therefore it is crucial for all of us that we do this correctly. Either we successfully pay out, or we get SHUT DOWN by the authorities too. We only have one chance to do it right. This is it, this is the final one.
 
We have also successfully had the old website frozen. There won't be any more update posted on the old website. The last update posted by the hackers dated July 2010.
 
Now for the good news. ALL the debit cards are READY. Processing by the banks simply took longer than we expected. We, the Trustee, have done our obligation and are now officially out of the loop. The banks have taken over and your debit cards will be mailed from different banks depending on the continent you live in.
 
For members who live in :
 
 - EUROPE (this includes Russia, Western and Eastern Europe and the United Kingdom), your debit cards will be mailed from the group of banks in Liechtenstein and Switzerland.
 
 - AMERICA (this includes Canada, USA and South America), your debit cards will be mailed from the group of banks in Cayman Islands.
 
 - ASIA (this includes Africa, all Asia, Australia and New Zealand), your debit card will be mailed from the group of banks in Dubai, Hong Kong, Singapore and some others.
 
 This is what will happen :
 
Once you receive your package, you will have your debit card(s), some papers and documentation from the bank about your account, and Non-Disclosure forms in an envelope. Note that it is quite a thick package because of all the papers. You are to sign the forms, put them back in the envelope and mail it to the address printed on the envelope.
 
Once all debit cards are received by members, the website www.gpptrustee.org will go live for SIX MONTHS and six months only (it is still currently under construction). Once you receive your package, you are to take out the debit card(s) and go to the website. There you will find a form for you to fill in the 16 digit number of your debit card. Entered correctly, the form will generate a 6-digit PIN NUMBER for your debit card. You have to WRITE DOWN the 6-digit PIN NUMBER. This PIN NUMBER is important for you to use your debit card at the ATM for the FIRST TIME.
 
The website www.gpptrustee.org will be live for SIX MONTHS only. This is CRUCIAL to avoid any interference from the authorities. It will go live when the packages are getting received. You have six months to retrieve your PIN NUMBER. It is more than enough time. However, those who do not do it in time will be contacted manually by email after the website closes but we cannot put any date on that.
 
Now, the banks will pay half of the shipping costs and they have demanded that members pay the remaining half. There is nothing we can do about this. This is the only way this can be done. Shipping cost is PER MEMBER, not per cards. If you have multiple debit cards, all the cards will be put in one package and you only need to pay for ONE package's shipping cost. Shipping cost is PER MEMBER, not per address. Family members living in the same residence will be receiving their own separate package, cannot be packaged into one.
 
There are two shipping methods, international courier or registered mail. The differences are :
 
International Courier :
 
 - Delivery time maximum 2 weeks, worldwide.
 - You can track the shipping progress of your package from their website. The tracking number will be emailed to you by the shipping bank(s).
 - Receiver's signatory is needed when package arrives. For minors, an adult needs to sign for them. If you're not home when it's delivered, they will leave a note with their phone number.
 - Cannot mail to P.O.Box address.
 - Your cost is $40.
 
 Registered Mail :
 
 - Delivery time vary from 6 to 8 weeks (depending on where you live).
 - You cannot track the shipping progress of your package.
 - Receiver's signatory is not needed. Package will be put into your mailbox if you're not home.
 - Can mail to P.O.Box address.
 - Your cost is $20.
 
Members who do not pay the shipping fee will not be receiving their debit card. Sorry but everything must be done in one go and we only have one chance to do this without alerting various authorities.
 
Only GPP members with cards will be paid out. Payout funds for members without cards will be distributed evenly among members with cards. We simply do not have a way to pay out the members without a card. This is GOOD news for members with cards.
 
 IMPORTANT :
 
 You only have 60 DAYS after receiving this update to make the payment for the shipping. If you don't send in the payment, you will not be receiving your card. The website www.gpptrustee.org will go live for SIX MONTHS only. It will go live after cards are getting received by members. You must get the PIN NUMBER for your debit card before the the website closes.
 
 To make the payment of $40 for Courier or $20 for Registered Mail, you can use either our new account or one of our old account numbers :
 
 U7842661 (GPP SHIPPING)
 
 U9948672 (Global Debit Silver)
 
 U5871417 (Global Debit Gold)
 
  IMPORTANT :
 
In the MEMO section, write down your GPP USERNAME and your COMPLETE MAILING ADDRESS (Country included). Address must be your most recent one. Please make sure it is your correct address.
 
 With this last phase, our task as the Trustee is officially completed. Once you receive your debit cards, you will be dealing with the banks directly. And once we receive the signed forms, you are no longer related in any shape or forms with the Global Pension Plan program, its administrator or its financiers.
 
The Global Pension Plan (GPP) TRUSTEE

9-6-2010 GPP update
The puzzle continues. Wayn’es TalkShoe contines to support group A with the original
Liberty Reserve spend to number of  U9270694.
Waynes TalkShoe claims each session that he knows of more and more people who have received by sending in courier fees. But he gives no specific information of who, what, why, or when. That pitch goes like this "GPP has asked those of us who have policies directly with the company to send in the 20 Euros (not USD but Euros) to assist with the cost of the package coming to you.  Individuals are receiving their packages all over the world But never any specifics.

  I have heard news that there had been investigations of GPP which have passed inspection in a positive manner.  First I understand that Germany investigated and found everything to be good....and then the Swiss just finished doing their investigation...and that ended on a good note also.   I understand that these situations caused PP to slow down on getting their packets out, but the authorities are satisfied and now more landings are happening.    Nothing landed at my house yet. He stated people who sent in courier fees on June 20th should be receiving their packets now.  But I know people who sent courier fees in on the 6th of June and still haven’t received. I don’t think his information comes from reliable sources on that issue. They also are threatening us, that if we don't get the word out on the courier fees that we will not be paid on all our downline referrals that didn't send in their courier fees. Now mind you, our initial payment included a debit card and delivery at no extra charge. 

Group B the trustess just sent out another email, copy below stating they have reached 9500 cards funded and will send out cards at the end of this month even if 10,000 is not reached.  Who's telling the truth and who's trying to scam us. GroupA, GroupB, maybe both according to Themco.  If you do send in a courier fee, send in 20 euros, not USD. Spend from YOUR Liberty Reserve account, not from the GPP site which may be under control of hackers. Spend to Liberty Reserve account U9270694 Global Account.  Only put two things in the memo box of the spend. The word shipping and your username. That's all.  Example: shipping / nighttrain   www.swapgold.com  can change LR  USD  to LR euros for you.

If you decide to fund a debit card after reading the next letter, spend to
- Liberty Reserve Account : U9948672 (Global Debit SILVER)
- Liberty Reserve Account : U5871417 (Global Debit GOLD)
In the memo section, enter your username and your EMAIL address.

Silver Visa Electron Debit card cost is US$25. It has a daily cash withdrawal limit of US$500. You can purchase up to a maximum of 5 cards per member if you so desire.

Gold Visa Electron Debit Card cost is US$75. It has a daily cash withdrawal limit of US$2500. You may also purchase up to 5 cards per member.

You cannot mix the cards, you cannot purchase a silver card and a gold card. If you first purchase the silver card, then if you want to purchase more cards you can, but they will only allow you to purchase the silver card. If your first purchase is a gold card you will only be able to purchase more gold cards. You can purchase cards even after you have received your initial card. But you must purchase at least one card. This is to activate your account.

- If you have paid for a Card and wish to upgrade, pay the balance to the same Liberty Reserve account you used for your first paid order and in the memo section, put in : username + CONVERT TO (TYPE OF CARD). 

 

For example, if you have paid for a Silver Card and wish to upgrade to a Gold Card, what you need to do is pay the $50 balance to the same account you used before and in the memo section, put in : username + CONVERT TO GOLD.

If you have paid for a Gold Card and wish to upgrade to a Platinum Card, what you need to do is pay the $125 balance to the same account you used before and in the memo section, put in : username + CONVERT TO PLATINUM.

If you have paid for a Silver Card and wish to upgrade to a Platinum Card, what you need to do is pay the $175 balance to the same account you used before and in the memo section, put in : username + CONVERT TO PLATINUM.



----- Original Message -----
From: Global Pension TRUSTEE
Sent: Monday, September 06, 2010 10:07 AM
Subject: GPP September Update
Dear GPP Members,
As of this update being sent, we have had more than 9,500 Debit Card orders. After negotiations with the GPP Admin, GPP Financiers and the banks, we are glad to announce that the VISA Debit Cards will be issued no matter what. Even if we are a bit short of 10,000 card orders by September 30th, it will not matter as the Debit Cards will still be issued. The first 10,000 card orders or whatever we have by September 30th will be processed immediately. All card orders received after that will be put into the next batch.
A comprehensive update about the packages being sent and the forms you need to sign and all other details will be sent out by the first week of October 2010. The update is still being prepared by our Legal Division and the Legal Representatives of all the banks.
For those who wish to upgrade their cards, you only have time until September 30th, 2010. Once we send the orders to the banks, there will be no chance to upgrade anymore. And once you are issued a type of card, you can NOT order additional cards of a different type in the future. For example, if your final order is a Gold Card and once you receive your Card you wish to order some additional cards, they have to be Gold Cards as well and cannot be Silver or Platinum Cards. If your final order is a Silver Card, you cannot order additional Gold or Platinum Cards in the future. For ordering the additional cards, you can do so in the future. Once you receive your card and start using it, if you need more cards to access your payouts, you can order additional cards of the same type. The total cannot exceed five cards per member per rules set by the banks.

If you have paid for a Card and wish to upgrade, pay the balance to the same Liberty Reserve account you used for your first paid order and in the memo section, put in : username + CONVERT TO (TYPE OF CARD).
For example, if you have paid for a Silver Card and wish to upgrade to a Gold Card, what you need to do is pay the $50 balance to the same account you used before and in the memo section, put in : username + CONVERT TO GOLD.

If you have paid for a Gold Card and wish to upgrade to a Platinum Card, what you need to do is pay the $125 balance to the same account you used before and in the memo section, put in : username + CONVERT TO PLATINUM.

If you have paid for a Silver Card and wish to upgrade to a Platinum Card, what you need to do is pay the $175 balance to the same account you used before and in the memo section, put in : username + CONVERT TO PLATINUM.

-         If you have ordered e.g. 5 Silver Cards but only wish to upgrade e.g. 2 Cards to Gold/Platinum, simply make two separate balance payments and we will know that only two of your cards have to be upgraded. If you wishes to upgrade all your cards, you can make the balance payments in one batch.
- Orders of e.g. 3 Gold Cards (total cost : $225) will not be automatically converted to one Platinum card, because we do not know if you wish to have 3 separate cards (for your spouse/family etc) or just one with a larger limit. So if you e.g. have ordered 3 Gold Cards and wishes to get one Platinum Card instead, pay $0.1 or less to the same account you used before and in the memo section put in : username : CONVERT 3 GOLD TO 1 PLATINUM. (The $25 you overpaid will be put into your Debit Card balance). Same method for Silver conversion to Gold. You can convert 3 Silver Cards to one Gold Card for NO EXTRA FEE. 
Point is : if you have paid enough or more for a conversion, you do NOT need to pay again. Simply send $0.1 or less and fill in the memo section.
Liberty Reserve account information and payment memo details required for new Card Orders and Card Conversion Requests : You can use either account, there is no problem. We initially set up two accounts to help make the accounting work easier.
- Liberty Reserve Account : U9948672 (Global Debit SILVER)
- Liberty Reserve Account : U5871417 (Global Debit GOLD)

Regards,
The Global Pension TRUSTEE 


Global Pension Plan - Is it a Scam?

I have had a great deal of emails asking for any information about the Global Pension Plan and whether it seems too good to be true or not.

The idea is that you pay €30 to join and once 100,000 members have joined, each member will receive at least €55,000 provided that they are under the age of 67.

In this report I would like to take a look in the Global Pension Plan and try to discover what it is all about, why it has been formed, when it was formed, how it works, where it is based and, most importantly, who is behind it.

So, the question is:

will the Global Pension Plan make you wealthy or simply remove €30 from your bank account?

Background

Back at the very beginning of 2006 there were slight rumblings online about a new investment scheme that costs just €30 to join but could potentially pay out €55,000+ in just a few months.

This plan, for some reason, needs 100,000 people to join before it closes the doors to new applicants. All 100,000 people will apparently receive €55,000 each plus any so-called “Loyalty Bonuses”. These are to be paid into an offshore bank account for which the member will receive a debit card.

The “Loyalty Bonus” is a payment of €2,000 per member you introduce and also for each member in their downline – possibly a staggering amount of money for a scheme that pays money for introductions made to 12 levels down.

The website for Global Pension Plan (globalpensionplan.net) was launched sometime earlier in November 2005 but it took some time for the inevitable hoards of High Yield Investment Program (HYIP) seekers to find it.

On the site the organizers have written a great deal of sales copy promising that by utilizing some kind of financial transaction with a “Trust Partner” they can create returns of €55,000 per member.

All they require to do this is an initial payment of just €30 which covers all of the administrative costs incurred in setting this deal up.

No names are mentioned and no contact details are given except an email address which is support@globalpensionplan.net.

The Fundamentals Behind the Global Pension Plan Scheme

According to the organizers, the Global Pension Plan (GPP) is:

“…an extraordinary financial opportunity with unlimited income potential…”

The website explains the plan as follows:

“When you are invited to become a member of Global Pension Plan, your only out of pocket cost to register is €30. This fee covers all of the expenses (administration, processing, maintaining the data base and web sites, handling, banking solution, shipping, etc.) involved to maintain your Global Pension Plan membership”

It then continues to say:

“The face value for each member's pension plan contract is €200,000.

Of this amount 60% or €120,000 will be disbursed as follows:

Premium for the policy assuming an average age of 34: €41,000
Loyalty Program Rewards (€2,000 x 12 levels): €24,000
Compensation to each member under 66 years of age at
payout: €55,000
Total amount disbursed: €120,000”

The basic idea is that somehow the organizers of this scheme claim that they will be able to create a series of pension contracts for each of the 100,000 members and then mortgage these contracts to release money.

They then claim that this money will be divided with the vast majority going to the individual members and the rest seemingly being given to the mysterious “Trust Partner” or whoever else is involved.

At least that is the impression the site gives with its explanation of the whole process.

Obviously, anyone wishing to clarify if this could actually happen should consult an independent financial advisor before investing.

Why has someone created the Global Pension Plan?

The simple answer is one word – MONEY.

Somebody is going to make a whole load of money out of GPP and that may or may not be the people who join up and pay their €30.

If this whole plan can work (and believe me, I am no financial advisor nor lawyer so I cannot clarify if it could or not) then it could create a great deal of money.

However, surely a transaction like this where contracts are involved and borrowing is done, there are inherent risks. And when you see the word “mortgage” together with the word “contract” in a sentence then you should be fully aware that there are risks and lots of legal requirements.

When was the Global Pension Plan created?

The domain globalpensionplan.net was registered on the 21st October 2005.

The first archives of the site can be traced back to 29th November 2005 when it looked remarkably similar to how it looks now (14th March 2007).

The main difference was that back then they linked to two different sites which they described as their “partner sites” and they only took payment via e-gold.

On the archived site it claims the Global Pension Plan was “launched on the 23rd of May 2005” and if this is true it must have been under another domain name for the reasons given above (date of domain registration).

How does it work?

This isn’t made clear by the wording on globalpensionplan.net – it is not described in any great detail or explained particularly well. This isn’t reassuring because anything involving mortgages, contracts, insurance etc is complex and usually requires the advice of a lawyer or financial professional.

They promise that you will gain upwards of €55,000 if 100,000 members join up and “after the closure [of the plan] there will be a processing time of about 6 weeks before the payouts take place”.

The money is allegedly obtained by somehow creating 100,000 pension plans and then releasing the equity from these plans by mortgaging them.

Basically, the organizers of Global Pension Plan are banking on creating €20 billion from nothing – or giving the illusion that they are doing so.

That is by creating 100,000 x €200,000 “insurance contracts”.

They call this the “face value of each member’s pension plan contract”.

Whether this can or cannot work is something that you would have to discuss with a financial advisor or a banking expert.

If it sounds too good to be true…

Where is the company behind Global Pension Plan based?

This is very hard to discover and at best anything in this section will be an estimate based on what little information is revealed on the globalpensionplan.net site.

The domain registration details are as follows:

WhoisGuard
WhoisGuard Protected
8939 S. Sepulveda Blvd
Westchester, CA 90045
US

Typically, domain registration guarding is used by someone who does not wish to be associated with the domain in question or the contents of that particular domain.

In other words, they do not want to be traced.

In the case of GPP they do not give any details whatsoever on the website about who they are, who the “Trust Partner” is, who the “insurance company” is or anything else which could tie one particular company to the Global Pension Plan.

In the FAQ on the site, one question is:

“Why don't you reveal the name of the insurance company you cooperate with or the name of the Trust Partner?”

Their answer to this question is:

“…we need to protect the privacy of all or our partners… if we reveal the name of the insurance company, what would most possibly happen? Hundreds, thousands or even tens of thousands of people would call them to verify the information. That would most probably lead to a huge work load, frustration and delays in the office of the insurance company… So please let us act as your middle-man taking care of all the contacts and making the program succeed…”

The archive of the Global Pension Plan website from the 10th January 2006 lists two websites which are described as “our partners in success”. These domains are:

(1) Boulat.com and
(2) Financia4us.com

The first domain, boulat.com has the following registration details:

Boulat Rafikov
BB Trading Agency
C.P.1717
Benguela, N/A 00000
AO

(Benguela is a province in Angola, a country in south-central Africa)

The second domain, financia4us.com has the registration details as follows:

SmartNet Development, Inc
10161 Park Run Drive
Suite 150
Las Vegas, NV 89145
US

Note: email and phone/fax details have been removed for privacy reasons.

Now, references for both of these domains have been removed from the GPP website so they may not be anything to do with the investment scheme.

However, the Global Pension Plan website does say the following:

“…our site and servers are also located outside the USA, EU, Australia, New Zealand etc and our banking is done in top of the line offshore banking location …”

Could this mean that the company is based in Angola? After all, this location is outside of the US, Europe and Australasia…

Who is behind the Global Pension Plan?

As with the “where are they” question, it is pretty much impossible to tell who is behind GPP. All that is known is that the person who contributes to the forum in the guise of an administrator goes by the name of “Stella”.

Memberships are paid using eBuillion which is pretty much anonymous and so even this method of discovering who is behind the scheme is out.

If, for example, payments were taken using PayPal then you would be able to see who has received your money through your account but PayPal is not offered.

Perhaps this could be because the owner of GPP is in a country which PayPal does not cover – Angola for example!

Some Important Points to consider about the Global Pension Plan scheme

#1 - One thing that everyone who joins GPP seems to say is that they are willing to “take the risk” of losing €30 just in case this scheme does actually pay out and they get €55,000 or more.

Perhaps this is what the GPP organizers are banking on.

Let’s face it, if they do happen to get 100,000 members then they will receive €30 from each one i.e. €3 million.

Not bad for a couple of years’ work.

Give or take a few hundred thousand for eBuillion fees and hosting etc, they could easily walk away with, say €2.5 million.

And if they did, what are the members to do?

How are you going to find someone who is completely unwilling to reveal who they are or where they are?

#2 - Although I have not joined or seen what is required to sign-up to the scheme, I assume from the wording on their website that the GPP owners require certain personal details from each member.

Also, in the FAQs they state that once 100,000 people have joined they will need from each member:

“…a copy of a government issued ID like passport, driving license, birth certificate etc. indicating the very same details as used when signed up with us…”

I would not recommend sending a copy of any form of ID to someone who is not willing to reveal who they are. Like the 419 scammers, these forms of identification could be used in any manner, even perhaps to open bank accounts in your name etc.

#3 - The Global Pension Plan has used an ingenious method to get its members to refer other people even though they will not see any immediate gain.

The incentive to sign others up is a simple promise that you will receive a massive €2,000 for each sign-up to 12 levels down i.e. a potential €24,000 per sign-up.

Of course, you have to be a trusting person to believe that will ever see any of this money and please do think carefully before involving family or friends in this scheme.

Nothing has been proven yet about the Global Pension Plan and, at the moment, no-one has the slightest idea of who they are dealing with.

#4 - Read the “Disclaimer” and “Risk Factor” sections of the GPP site.

Pay particular attention to the following in the “Risk Factor” section:

“Global Pension Plan offers no guarantee of any kind. Risk is an integral part of any financial transaction… Global Pension Plan will make every effort to reduce the probability of loss but payment of Compensation and Loyalty Program Rewards are on a best efforts basis…”

and this in the “Disclaimer” section:

“The details contained herein are for informational purposes only, are subject to possible error, change, and/or amendment, and are provided specifically as a courtesy at the request of the recipient”

So, please take note that the actual rewards are to be provided on a “best efforts basis” and the whole site is “for informational purposes only”.

#5 - It’s no surprise that GPP uses only e-Gold to process payments because they payments simply cannot be reversed – they are akin to using cash.

From Wikipedia:

“…there is no way of having transactions reversed, even in case of a legitimate error or an unauthorized expenditure. e-gold's Terms of Use stipulate that all transactions are final and e-gold cannot be held responsible for any spend…”

#6 - Read the FAQs very carefully, you aren’t going to get a refund under any circumstances:

“…you can cancel the membership but we are not going to refund your membership fee…”

Conclusion

This short report aims to answer a few very relevant questions about the Global Pension Plan.

What I would suggest that you do if you are considering investing in this scheme is satisfy yourself with the risks involved and also consider the contents of this page as you try to answer the vast majority of the questions you may have.

When someone requests money via an irreversible payment system, refuses to tell you who they are and also aims to acquire your personal details and identification then you are well advised to do a great deal of what the Americans call “due diligence”.

And if you do join and the GPP organizers request that you sign certain legal documents, I would recommend that you consult a solicitor and a financial advisor before signing anything.

Further Notes:

I am happy to be proven wrong about anything written in this report and will make amendments if need be.

You can contact me via the contact form on this site or leave a message on the blog post which I have setup to discuss this particular investment scheme at:

8-19-2011 GPP Trustee message
Dear Global Pension Plan (GPP) Members,

Apparently many members did not get our update because they were away during the summer. Because many have been asking for a time extension, we will be giving you an extension of a few weeks to put everything in order. Once the time is up, it will be announced on this site. Payouts must be done in one go so we need to make sure everyone is on boat.
 
NOTE : Also, some members have paid for new cards but they have not paid for the shipping fee. On the other hand, some new members have paid for the shipping fee but they have not purchased their Gold Card. If you are one of them, please complete all the needed requirements. You need to have paid both the card and the shipping fee in order for us to issue your card and have it mailed to you.
 
Please read the additional details on our website www.gpptrustee.org in case you missed them.

Original update sent two months ago :

Subject : GPP PAYOUT UPDATE

Dear Global Pension Plan (GPP) Members,

We apologize for the delay. Processing all the paperwork took the banks much longer than we expected. Straight to the point, we MUST now remind you once again that the AUTHORITIES ARE WATCHING. We're sure that you are well aware of another major program that has been SHUT DOWN by the authorities. They are NOT coming back online and their payout funds have been FROZEN by court order. Therefore it is crucial for all of us that we do this correctly. Either we successfully pay out, or we get SHUT DOWN by the authorities too. We only have one chance to do it right. This is it, this is the final one.

We have also successfully had the old website frozen. There won't be any more update posted on the old website. The last update posted by the hackers dated July 2010.

Now for the good news. ALL the debit cards are READY. Processing by the banks simply took longer than we expected. We, the Trustee, have done our obligation and are now officially out of the loop. The banks have taken over and your debit cards will be mailed from different banks depending on the continent you live in.

For members who live in :

- EUROPE (this includes Russia, Western and Eastern Europe and the United Kingdom), your debit cards will be mailed from the group of banks in Liechtenstein and Switzerland.

- AMERICA (this includes Canada, USA and South America), your debit cards will be mailed from the group of banks in Cayman Islands.

- ASIA (this includes Africa, all Asia, Australia and New Zealand), your debit card will be mailed from the group of banks in Dubai, Hong Kong, Singapore and some others.

This is what will happen :

Once you receive your package, you will have your debit card(s), some papers and documentation from the bank about your account, and Non-Disclosure forms in an envelope. Note that it is quite a thick package because of all the papers. You are to sign the forms, put them back in the envelope and mail it to the address printed on the envelope.

Once all debit cards are received by members, the website www.gpptrustee.org will go live for SIX MONTHS and six months only (it is still currently under construction). Once you receive your package, you are to take out the debit card(s) and go to the website. There you will find a form for you to fill in the 16 digit number of your debit card. Entered correctly, the form will generate a 6-digit PIN NUMBER for your debit card. You have to WRITE DOWN the 6-digit PIN NUMBER. This PIN NUMBER is important for you to use your debit card at the ATM for the FIRST TIME.

The website www.gpptrustee.org will be live for SIX MONTHS only. This is CRUCIAL to avoid any interference from the authorities. It will go live when the packages are getting received. You have six months to retrieve your PIN NUMBER. It is more than enough time. However, those who do not do it in time will be contacted manually by email after the website closes but we cannot put any date on that.

Now, the banks will pay half of the shipping costs and they have demanded that members pay the remaining half. There is nothing we can do about this. This is the only way this can be done. Shipping cost is PER MEMBER, not per cards. If you have multiple debit cards, all the cards will be put in one package and you only need to pay for ONE package's shipping cost. Shipping cost is PER MEMBER, not per address. Family members living in the same residence will be receiving their own separate package, cannot be packaged into one.

There are two shipping methods, international courier or registered mail. The differences are :

International Courier :

- Delivery time maximum 2 weeks, worldwide.
- You can track the shipping progress of your package from their website. The tracking number will be emailed to you by the shipping bank(s).
- Receiver's signatory is needed when package arrives. For minors, an adult needs to sign for them. If you're not home when it's delivered, they will leave a note with their phone number.
- Cannot mail to P.O.Box address.
- Your cost is $40.

Registered Mail :

- Delivery time vary from 6 to 8 weeks (depending on where you live).
- You cannot track the shipping progress of your package.
- Receiver's signatory is not needed. Package will be put into your mailbox if you're not home.
- Can mail to P.O.Box address.
- Your cost is $20.

Members who do not pay the shipping fee will not be receiving their debit card. Sorry but everything must be done in one go and we only have one chance to do this without alerting various authorities.

Only GPP members with cards will be paid out. Payout funds for members without cards will be distributed evenly among members with cards. We simply do not have a way to pay out the members without a card. This is GOOD news for members with cards.

IMPORTANT :

You only have 60 DAYS after receiving this update to make the payment for the shipping. If you don't send in the payment, you will not be receiving your card. The website www.gpptrustee.org will go live for SIX MONTHS only. It will go live after cards are getting received by members. You must get the PIN NUMBER for your debit card before the the website closes.

To make the payment of $40 for Courier or $20 for Registered Mail, you can use either our new account or one of our old account numbers :

U7842661 (GPP SHIPPING)

U9948672 (Global Debit Silver)

U5871417 (Global Debit Gold)

IMPORTANT :

In the MEMO section, write down your GPP USERNAME and your COMPLETE MAILING ADDRESS (Country included). Address must be your most recent one. Please make sure it is your correct address.

With this last phase, our task as the Trustee is officially completed. Once you receive your debit cards, you will be dealing with the banks directly. And once we receive the signed forms, you are no longer related in any shape or forms with the Global Pension Plan program, its administrator or its financiers.

The Global Pension Plan (GPP) TRUSTEE