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Why iNetGlobal Is NOT a Ponzi Scheme

March 21st, 2010

The Forgotten Man
Creative Commons License photo credit: Alex E. Proimos

Seize the Money — Ask Questions Later!

 

iNetGlobal $25 Million Money Frozen, $11 Million Member Liabilities

USA Government Holds Members’ Money and iNetGlobal’s hard-earned money!  Why?

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Definition of Ponzi Scheme: 

A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.

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iNetGlobal recently paid around $2.5 Million Federal and State Income Tax.  Google pays billions.  Is Google a Ponzi Scheme??  Is Yahoo a scam?  Is AOL guilty of not having real products?  Fact is, internet marketing and internet media is very profitable, and all of these companies share a common reason for their success — they provide products that are valuable to internet advertisers and a low-cost way for their members and users (buyers and sellers) to find each other.  iNetGlobal is a Minneapolis-based company that has a unique set of legitimate internet marketing and advertising products.  iNetGlobal has been a fast-growing company that has learned how to develop these valuable virtual products, and the members and users are only guilty of one thing:  TOO SUCCESSFUL.  The DIRTY LITTLE SECRECT IS, I believe,  – THOSE KEY WORDS – ”too successful”.  The current economic environment in the USA has become wrought with Government suppression of free enterprise business –  NATIONALIZATION OF LARGE ENTERPRISES AND FREEZING ASSETS OF SMALL TO MEDIUM-SIZED ENTERPRISES.  To again quote iNetGlobal’s attorney:  “IT IS SAD!”  The USA Government has become anti-business.

www.cheapclix.net is an example of the power of the iNetGlobal internet advertising products and tools.  Its Alexa rankings for the past three months have increased 510%.  Another of my personal blog success stories:  www.mlm-im.com (up 330% on Alexa).  Fellow iNetGlobal member in India, www.evergreenstones.com, up 250%.  Another of my business blogs, www.homesquadcities.net up an astounding 2400% — a stunning example of local target niche advertising and internet marketing. The corporate site, www.inetglobal.com has had a three-month increase of 173% Alexa ranking.  Proof of the impact of the powerful iNetGlobal marketing tools — DO A GOOGLE SEARCH –  “inetglobal raid”.

 FIVE OF THE FIRST TEN GOOGLE RESULTS ARE POSTS ON CHEAPCLIX, OR ARE LINKS FROM OTHER SITES TO CHEAPCLIX!

INETGLOBAL PRODUCTS - TESTIMONY TO AWESOME RESULTS!

iNetGlobal NEVER HELD ITSELF OUT TO BE AN INVESTMENT!

iNetGlobal Sells Legitimate Powerful Virtual Products!

iNetGlobal, much like Google, Yahoo, AOL, Herbalife, Amway — Legal and product-oriented companies — testimonials to American ingenuity — that reach customers all over the world via MLM and/or IM (www.mlm-im.com) –  YET INETGLOBAL GETS RAIDED??  Herbalife was raided, too,  — early in its history.  Their revenues dropped from around $9 Million per month to less than $100,000 per month.  Herbalife survived that UNFAIR RAID, and today, Herbalife is successful all around the globe.

iNetGlobal provides provides effective products to their members and customers.  As members, we teach, we learn, and we earn while we learn.  IS THAT NOT THE AMERICAN WAY?  IN FACT, IS THAT NOT THE WAY OF THE ENTIRE FREE WORLD??  INETGLOBAL IS NOT A PONZI SCHEME, IT IS NOT A SCAM, IT IS NOT A FRAUD, AND IT IS CHANGING LIVES ALL OVER THE WORLD –  CHANGING LIVES FOR THE BETTER!  IS THAT NOT WHAT THE USA GOVERNMENT WANTS??  NOW THAT IS A REALLY GOOD QUESTION!!

NOW, JIM WALSH, REPORTER FOR THE MINNEAPOLIS STAR/TRIBUNE, YOU HAVE A SNIPPET OF THE OTHER SIDE OF THE INETGLOBAL STORY.  LET’S HEAR IT.  LET’S SEE IT IN YOUR NEWSPAPER ARTICLES.  LET’S SEE AND HEAR IT ON THE  TWIN CITIES TV NEWS MEDIA.  LET’S READ ABOUT IT ON THE STAR/TRIBUNE BLOG.  YOUR READERS WOULD NEVER HAVE FOUND THIS BLOG POST ON WWW.CHEAPCLIX.NET IF NOT FOR THE POWER OF THE INETGLOBAL INTERNET ADVERTISING AND MARKETING PRODUCTS AND TOOLS.

HERE IS A LINK TO A REAL EXAMPLE OF FREE ENTERPRISES: http://dailyreckoning.com/bombay-dreams-2/  iNetGlobal is making a presence in India, especially Mumbai (Bombay), as well as Chandigarh, Pune, Jaipur, Nasik, Chalis Gaon, Goa, Baroda, Bangalore  –  you name it, iNetGlobal is loved in India.  Soon to be launched in Bangkok, Thailand.  We are going to the “free world” with iNetGlobal.

  Any wonder why??

 

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Jim Walsh Responds to Haugen re iNetGlobal

March 20th, 2010

News Crew in Times Square
Creative Commons License photo credit: James Trosh

 

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This communication has been received by Ken and Diane Haugen, from Reporter Jim Walsh, Minneapolis Star/Tribune re iNetGlobal:

Jim Walsh response, published as a blog “post” in lieu of a “comment”:  Refer to http://cheapclix.net/to-jim-walsh-minneapolis-startribune/

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“I am following up on several of the points made during the hearing for future stories. Unfortunately, space and time limitations do have an impact on what I could write immediately after the hearing. 

I think you misunderstand my job. I am not a part of the federal government. I was not notified by the federal government prior to the raid, the newspaper was called by someone who saw federal agents there. My office is located about a mile away and I walked over. Regarding your allegations of media bias, I stand by what I told you yesterday. I made attempts to talk to iNetGlobal employees and Mr. Renner. None would talk, on the record. That is their right, but to say that I did not try to talk to them for their side of the story is inaccurate. Regarding “Guilty until Proven Innocent,” perhaps you should take up that complaint with the U.S. Secret Service, which has made the Ponzi scheme allegations against Mr. Renner and iNetGlobal. 

I did mention in the story that Judge Frank asked about a partial release of funds and would address the issue later.

Finally, I have no desire to ever (pee) on your grave and I appreciate you and your wife talking to me after the hearing. I look forward to having a chance to talk to you again in the future.”

Thank you for your response, and we look forward to your updates about the iNetGlobal court hearing status, Mr. Walsh.

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Illegal Seizure of iNetGlobal Exemplifies USA Government Corruption

March 15th, 2010

 

 

WHAT HAS HAPPENED

to the America that we used to have so much to be proud of?  iNetGlobal is now another victim of the US Government’s attack to destroy small and medium-size businesses.  Most of the time, the corrupt practices of our government are subversive and covert.  The recent iNetGlobal raid and seizure, however, was overt.  Given the quickness of the complicit news media to attach the word “Ponzi” , it is obvious that the Feds were well-prepared to establish public sentiment which would allow favor to their illegal seizure.

It was a senseless raid and seizure, spawned obviously by the fact that the iNetGlobal founder, Mr. Steve Renner, has become an international hero in the world of Internet Marketing and Advertising.   The illegal seizure of great companies such as iNetGlobal, without the benefit of due process, simply cannot be tolerated and allowed to continue.  I hereby declare my life commitment to being all over the internet, and all over the media, to expose and stop the U.S. Government from its ongoing plan to destroy and/or control free enterprise.  What better opportunity than now?  Currently, while visiting friends in India, I have had the enlightening experience of enjoying real freedom.

iNetGlobal is not Steve Renner.  iNetGlobal has not been convicted of tax evasion.  iNetGlobal is not Cash Cards International, and iNetGlobal is far from being a Ponzi Scheme.  iNetGlobal has real products that are of great value to businesses who have the need to successfully gain exposure on the internet.  To my knowledge, iNetGlobal has not engaged in money laundering.  If those allegations were to be true, then I would want nothing to do with it. 

The company has an MLM compensation plan that pays fairly, based on rewarding representatives that successfully market its products.  Their monthly autopay requirement is typical of almost all MLM companies.  We can debate their daily repurchase plan which required the use of the product by executive-level representatives, but it seems no more of an unreasonable expectation than a typical public corporation encouraging or requiring its employees and executives to purchase stock or options through an ESOP, which in effect creates internally-generated funds to enhance future income.   So  –  let’s debate it.  If it is so unreasonable, then why are representatives happy to do it, given that it results in company growth making internal funds available for future payment and company growth?  I believe that is a personal choice, and I do not believe that it is the business of the U.S. Government to interfere in the free choice that I make. 

This is a comment from Don Allen, posted on www.patrickpretty.com

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Don Allen

  • Patrick – I can’t answer any questions about someones personal spending habits that I know nothing of. If someone has a job and gets paid, its no different that someone going to McDonald’s and buying a Big Mac and the money from that sale goes to maintain the restaurant and pay the employees. A product or service has been provided.

    Speaking of Ponzi – I haven’t seen anything on your blog about social security. Just giving you some food for thought. I believe in the Constitution of the United States and being an advocate of the 1st Amendment, I find this blog invaluable and informational.

    Except for the contempt prior to investigation.

    Again, my conference call invite or live broadcast invitation with you remains open.

    I truly wish you the best. I have had some of the same issues in the Civil Rights arena that I would “speculate” on until the justice system made it absolute.

    When I go to sleep at night, I think of two things: “Have I helped someone have a great day” and “tomorrow will I be fair and balanced like FOX NEWS.”

    Donald W.R. Allen,II Editor in Chief of IBNN and USA Radical Black.com
    also the VP/Director of PR for V-Newswire and the V-News Network.

    Power to the People…Now!

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  • Don Allen is Editor-in-Chief, www.ibnn.org and also VP/Director of PR for V-Newswire & V-News Network, and a really fine guy too!

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    My biggest concern is the impact that the illegal siezure has had on thousands of lives throughout the world.   It seems to have become the mentality of the U.S. Government that they have a God-given right to meddle in the lives of people all over the world.  Why doesn’t our Government instead start focusing it efforts on cleaning up its own corruption, fiscal irresponsibility, and Ponzi Schemes of its own making?  If our Government will start doing the right thing, I dare say that the people of the USA will follow suit by also doing the right thing.  How about our Government starting to lead by example instead of by brute force and unyielding power-plays.

    Being abroad in India at this time, make no mistake about this.  People around the world are laughing –  no, not always laughing  –  sometimes they are crying and dying because of the tyranny of our Government.  Quite frankly, over here right now, I feel like a man without a country!  Currently, while visiting in India, we are spending some time with an iNetGlobal representative who has a wife and an 8-year old son.  Our purpose for being here is to assist him in his recent move from the USA to India.  He has worked and organized for months to become established as an iNetGlobal representative.  He has become profoundly adept at using the products that iNetGlobal offers, and he is here in India now to teach others the same opportunity.  Fellow Indians, I am told, are trying to avail themselves of the same opportunity by learning to use the powerful products and advertising tools offered by iNetGlobal.  My friend is working diligently in India to do all things legal.  He has met with Chartered Accountants, with Bankers, and with Attorneys to make sure that he complies in all due respect with Indian laws as he works to successfully build his business, and teach others in India to do the same.  In the middle of all of this, we get news from home about the malicious acts of the U.S. Government and its raid on iNetGlobal.  If the U.S. Government has a bone to pick with Steve Renner, I dare say that Steve Renner also has a major bone to pick with the U.S. Government.  Nothing constructive resulted from raiding iNetGlobal.  People are working there, and all over the world, –  working to make a better life for themselves and build another successful U.S. Company.  It sickens me to see how the illegal raid and seizure on iNetGlobal has impacted our friend’s life.  And he is only one of thousands and thousands throughout the world.

    Just think about it.  This is just one small company –  impacting thousands of people.  And there are thousands of companies, also impacting thousands of people –  being repressed by a runaway power-hungry system in the USA.  It is time that the American people wake up to what is going on.  If you wonder why there is a Tea Party growing movement, this is one small example why.  Quite a few million of us have, in fact, woke up, and we are about the business of stopping this corruption, this government power-grab, this incessant meddling in our freedoms.  We are on a roll, and you cannot stop us.  The entire globe is learning about your dangerous shenanigans, Uncle Sam.  You, U.S. Government, are a shame.  Being 67 years old, what are you going to do with me?  Throw me in the Gulag?? 

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    INETGLOBAL RAID UNFAIR

    March 15th, 2010

    INETGLOBAL VALUABLE PRODUCTS FOR SMALL BUSINESS

     

    To:  Whom It May Concern
     
    From:  Diane G. Haugen, Small Business Owner
              Harmony Land Development, LLC
              Davenport, IA  563-343-8327
     
    Subject:  iNetGlobal is a Keystone to our Advertising and Marketing
     
    At www.homesquadcities.net, we have developed a powerful advertising tool using the affordable and effective iNetGlobal internet marketing products.  With several million dollars of residential property currently under development in our Quad Cities market, we have proven the value of iNetGlobal and its network of internet marketing experts, –  our fellow peers –  iNetGlobal members.
     
    At www.cheapclix.net, we gain awesome exposure to the entire world of internet marketers, advertising our tools that are available to them through an iNetGlobal membership.
     
    At www.mlm-im.com, we show the entire world the uniqueness of iNetGlobal as one of the few companies that are making great “virtual” products available through the power of Multi Level Marketing.
     
    At www.msvitamin.com, we advertise and promote health and nutrition products using iNetGlobal services.
     
    Throughout our group of fellow Networkers, we teach and we learn, thanks to the iNetGlobal system.  Examples:  www.fharding.com (small business Senior Insurance agency), www.maplelawnfarms.com (small business Farm Equipment Servicing), www.eastonendeavors.com (small business Food Products Sales), www.sparklebright.net (small business Natural Jewelry Cleaning Products), www.healthypractices.net, small business Health Consultant, www.evergreenstones.com and www.nikkisdesign.com, small business owners Precious Gemstones , www.cyhawkfoam.com, small business Foam Insulation Contractor.  I could go on and on.  We consult and brainstorm with hundreds of fellow small business owners who have had a whole new world opened to them in the INTERNET MARKETING ARENA.  All of us have reached new threshold of knowledge about advertising on the internet, and most of us started at ground-zero, having no previous experience and no possible vehicle to learn how  –  then INETGLOBAL OPENED OUR EYES TO HOW VALUABLE IT IS TO ALL OF OUR BUSINESSES!
     
    THE IDEA THAT INETGLOBAL IS A PONZI SCHEME IS AN EXAMPLE OF “GUILTY BEFORE PROVING ITSELF INNOCENT”.
     
    THE U.S. GOVERNMENT RAID ON INETGLOBAL WAS A KNEE-JERK REACTION — INTRUSIVE EXERCISE OF POWER – TO SOLVE A PROBLEM THAT DOES NOT EXIST!
     
    INETGLOBAL IS NOT A SCAM.  INETGLOBAL IS NOT A PONZI. INETGLOBAL IS NOT A FRAUD.
     
    INETGLOBAL IS A PROVIDER OF POWERFUL ONLINE PRODUCTS AND SERVICE FOR SMALL BUSINESS.
     
    INETGLOBAL AND ITS SMALL BUSINESS OWNERS/MEMBERS DESERVE FAIR TREATMENT, NOT SS-TYPE TACTICS.  THE U.S. GOVERNMENT RAID AND SEIZURE IS A TRAVESTY OF JUSTICE.
     
    THE U.S. GOVERNMENT IS WRONG ABOUT INETGLOBAL.  WE HAVE RIGHTS!

    INETGLOBAL COURT STATUS –  HEARING TODAY - INETGLOBAL EMPLOYEES AND MEMBERS TO SPEAK OUT

    MEDIA –  PAY ATTENTION!  COME TO ST. PAUL TODAY!

    HEAR THE OTHER SIDE OF THE STORY!!

     

     

     

     

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