Is income4free.org a scam or not!
Money for nothing is something we would all like to get a piece of, isnt it? We are no different at Scam Detectives HQ so when we got an email inviting us to join Income 4 Free we were, quite frankly, intrigued.Income 4 Free claim to have a need for 100,000 members to receive a weekly income of $20 (about 13 pounds) into a specially created and managed account. Thats $2,000,000 (about 1.3m pounds) per week to be paid out to their members for doing, well, absolutely nothing. Its free to join and theres no risk and no chance that you will ever be asked to put any money of your own into the scheme. You will also earn interest at the rate of 5% a week on the balance of your account.
How does it work?
The (very badly designed) website explains the concept. Spelling errors are verbatim
First it sounds impossible, but if you know how it works, this concept will lighten up your mind.
Our part is to connect as many people as possible to investors that are registered with us.
The investors need to split their money into many, many accounts to brokers all over the world, into almost all different trading categories.
If those investors work without you, their profits will be 5-10% lower then what they could earn with your help.
So they rather can gift the money to a lot of individuals and earn more, instead of investing it into just a few accounts in their own name.
You will hold an account at a specific broker and our team will manage it for you. You do not have to do anything. We do all the work for you.
The only difference is, that you never have to pay anything into that account and you are never responsible for any losses that may occurre in your account. You also will not hold any risk, like many other people do not.
You will get 50% of the gain our team will generate with your account witch is credited with the money of our investors community.
About the website
The public Whois database contains details of the people behind every website address registered. Income4Free.org have chosen to hide these details by using a whois privacy service. However, the Whois data has been changed 14 times since the domain was registered on 28th April 2010.
The use of whois privacy, combined with a total lack of contact details on the website suggests that the owners of the site really don?t want you to know who they are?.
So whats the scam?
In all honesty, I havent quite figured it out yet. It could be a money-laundering scam, with proceeds of crime being distributed around the world into different accounts. It could be an elaborate phishing scam, harvesting bank details when you come to withdraw your money. They are offering commissions when you refer your friends to the scheme, which also suggests some sort of pyramid scam. Without joining up and trying it out, I simply cant be sure, but I am sure that I dont want to do that as I could end up being implicated in a crime.?
One thing is for certain. Free money for doing absolutely nothing doesnt make sense and seems too good to be true. And as we keep telling you at Scam Detectives, If it seems too good to be true, it probably is!
Our recommendation? Keep well clear!
The Above is all thanks to the good guys at Scam Detectives.
This is from me.
I have seen this company promoted all over Apsense, Revpages, Ads, Blogs, you name it. It has been scattered all over the show. I left a comment on one of the revpages stating my concerns, and the owner mailed me, trying to convince me otherwise. I mailed him back, asking him for payment details, i am still waiting for a reply. So i thought, lets waste some time and go check out this great opportunity to make money for sitting on your ass and do nothing.?
First of all, the website looks CRAP. No real effort went into its design, which was a red flag for me already.
Secondly, upon reg. they use Liberty Reserve, i have no problem with that, but personally i will never make use of their services. I stopped in my tracks, and as the guys at Scam Detectives did, i did a whois search.
Here is the results.
Domain Name:INCOME4FREE.ORG
Created On:28-Apr-2010 18:00:53 UTC
Last Updated On:07-May-2010 08:08:16 UTC
Expiration Date:28-Apr-2011 18:00:53 UTC
Sponsoring Registrarirecti Internet Solutions Pvt. Ltd. d/b/a PublicDomainRegistry.com (R27-LROR)
Status:CLIENT TRANSFER PROHIBITED
Status:TRANSFER PROHIBITED
Registrant IDP-SP-001
Registrant Nameomain Admin
Registrant OrganizationrivacyProtect.org
Registrant Street1.O. Box 97
Registrant Street2:Note - All Postal Mails Rejected, visit Privacyprotect.org
Registrant Street3:
Registrant City:Moergestel
Registrant State/Province:
Registrant Postal Code:5066 ZH
Registrant Country:NL
Registrant Phone:+45.36946676 +45.36946676
Registrant Phone Ext.:
Registrant FAX:
Registrant FAX Ext.:
Registrant Email:
Admin IDP-SP-001
Admin Nameomain Admin
Admin OrganizationrivacyProtect.org
Admin Street1.O. Box 97
Admin Street2:Note - All Postal Mails Rejected, visit Privacyprotect.org
Admin Street3:
Admin City:Moergestel
Admin State/Province:
Admin Postal Code:5066 ZH
Admin Country:NL
Admin Phone:+45.36946676 +45.36946676
Admin Phone Ext.:
Admin FAX:
Admin FAX Ext.:
Admin Email:
Tech IDP-SP-001
Tech Nameomain Admin
Tech OrganizationrivacyProtect.org
Tech Street1.O. Box 97
Tech Street2:Note - All Postal Mails Rejected, visit Privacyprotect.org
Tech Street3:
Tech City:Moergestel
Tech State/Province:
Tech Postal Code:5066 ZH
Tech Country:NL
Tech Phone:+45.36946676 +45.36946676
Tech Phone Ext.:
Tech FAX:
Tech FAX Ext.:
Tech Email:
Name Server:NS121.NVHSERVER.COM
Name Server:NS122.NVHSERVER.COM
DNSSEC:Unsigned
Why hide your identity, if you have nothing to hide. I wanted to engage in an email conversation with the owners, so that i can do an in depth track on their ip. but i realy dont have time for that now.
So everybody that reads this can make up their own mind, leave your comments.
Personally, i dont indulge myself with programs like this, i have already wasted an hour of my time.
Go read Marks post about another fishy program. ?Here.
Comments (73)
Dawie Bezuidenhout
11
Systems Engineer I.T.
Still being promoted Cheryl, by the same person and i see he has some followers now. The wolf in sheeps clothing is leading the other sheep to the slaughter-house.
I dont bother with them anymore, i did my part.
Cheryl Baumgartner
12
Medical Billing/Coding/Insurance
How did I miss this? Good post Dawie. I can't believe the people who fall for this garbage again and again. I Think I'll have to link to my post on fig leaves here. I still see PAYBOX promoted heavily.
Vane Iglesias
5
Thanks for the information
Dawie Bezuidenhout
11
Systems Engineer I.T.
@Hope, you have it. Always double check any opportunity, see what others are saying, and at the end of the day one must just follow your gut feeling, if you are at all not a 100% sure, dont join it.
Dawie Bezuidenhout
11
Systems Engineer I.T.
@Kathy, it realy is difficult nowadays to determine which are scams and which are not. But the good news is, there are plenty of legitimate companies and homeworking networks available. It is just that people tend to overlook them, because it involves getting trained and spending alot of time working that specific opportunity.
Most people cry everyday that they want to make extra money and that they are willing to work for it, but when they start searching for these opportunities, they join the
Kathy
4
Soooooooo many of them out there, and people are desperate for anything that is simple and will give them money..it is easy to fall for their bull.
But there are some out there that sound so legit, honest and smooth..but ya gotta watch out for them too. It's not easy deciding who the heck is honest or not. My bet is none really are at all, unless your make your products and sell them yourself, for yourself.
Mark Hodgetts
7
Professional writer and SEO service
Hooray well done - great post - unfortunately people actually have to lose money first before they take any notice of posts like this. Thats why I'm commenting on it
Dawie Bezuidenhout
11
Systems Engineer I.T.
@George, Apsense can be a rich source of information, and you will learn alot here from real people who are successfull online marketers and business owners. Search the Blogs for training related to Apsense, and learn how to use this site to better your marketing skills.
GEORGE EKKA
1
Lecturer
Thanks Dawie I am very much impressed by the ideas and how to get rid of financial problems. I am just a new in this field and want to know more and more so that I and others would also be benfitted. So I have joined this social network to share with each other
George Ekka
Dawie Bezuidenhout
11
Systems Engineer I.T.
@Knight
I hate seeing people being done in by scamsters, so i try to put out warnings in the hope that they will stop promoting it.
By promoting illigal programs you just damage your own image, which is not a good thing if you want people to follow your lead.
Martha
7
Thanks 4 the information man, You work is really appreciable.
Dawie Bezuidenhout
11
Systems Engineer I.T.
It is my pleasure, Gaurav. I see that person took the one RevPage of. So it helped at least one guy, which is good.
Gaurav Gupta
7
Thanks Dawie for have a check of income4free.org, when I first visited the website in very early I had concluded it as a scam, but I didn't made efforts to warn others to stay off it(My Opinion)you did a good job of putting all this in light.
Good Job