PAYMENT PROCESSOR LIES!

Banners Broker have been caught out LYING about the processor fees they charge affiliates. 

I contacted both PAYZA and STP to hear the truth. 

This is what Banners Broker are telling affiliates:

But this is THE TRUTH from STP:

And this is THE TRUTH from PAYZA:

How much longer will Banners Broker get away with this?

DON'T GIVE THEM ANY MONEY!

LIQUIDATION CONFIRMATION

Confirmation of Banners Broker International Liquidation. 

CHP 14/0024

IN THE HIGH COURT OF JUSTICE OF THE ISLE OF MAN

CIVIL DIVISION

CHANCERY PROCEDURE

IN THE MATTER OF BANNERS BROKER INTERNATIONAL LIMITED (IN LIQUIDATION)

On Friday 14 March 2014 the Isle of Man Court, subsequent to the meeting of creditors and contributories, held on Wednesday 12 March 2014, it was ordered that Paul Appleton and Miles Benham be appointed Joint Liquidators of BBIL.

The Joint Liquidators are now in office and are conducting the Liquidation of BBIL in accordance with the statutory requirements.

Paul Cooper

For and on behalf of Paul Appleton – Joint Liquidator



Paul Appleton is licensed to act as an Insolvency Practitioner in the UK by the ICAEW

DAVID RUBIN&PARTNERS LLP
Paul Cooper BSc ACA
Tel 020 7400 7900


Fax 020 7242 3233
E mail paul.cooper@drpartners.com
Website: www.drpartners.com
DX: 267 LONDON/CHANCERY LANE

1st Floor 26-28 Bedford Row, London, WC1R 4HE

David Rubin & Partners LLP is a limited liability partnership registered in England and Wales, Registered number OC339705, with its registered office at 26-28 Bedford Row, London WC1R 4HE

Liquidation News

Many people are asking for the outcome of last weeks creditors meeting.
A statement will appear very soon, please watch this space.
Thank you.

Court Documents from February 26th 2014 Liquidation

CHP 14/0008
IN THE HIGH COURT OF JUSTICE OF THE ISLE OF MAN CIVIL DIVISION CHANCERY PROCEDURE IN THE MATTER of the Companies Act 1931 and

IN THE MATTER of BANNERS BROKER INTERNATIONAL LIMITED and IN THE MATTER of the Claim of Targus Investments Limited ("Targus") dated the 10 January 2014 ("the Winding Up Claim")

At a Court held on 26 February 2014

HIS HONOUR THE DEEMSTER DOYLE FIRST DEEMSTER AND CLERK OF THE ROLLS

Upon hearing the Winding Up Claim this day in the presence of Counsel for Targus and for Ian Driscoll ("Mr Driscoll") and having considered the witness statements of Stephen Porter dated 10 January 2014 Miles Andrew Benham ("Mr Benham") dated 10 January 2014 Timothy Allan Mann dated 10 January 2014 Richard Christopher Curtin dated 24 February 2014 and Kathryn Louise Clough dated the 25 February 2014 and Upon consideration had thereof IT IS ORDERED THAT:

1. Banners Broker International Limited ("BBIL") be and hereby is wound up pursuant to the provisions of section 162(6) of the Companies Act 1931 ("the Act");

2. Miles Andrew Benham ("Mr Benham") of MannBenham Advocates, 49 Victoria Street, Douglas, Isle of Man and Paul Robert Appleton ("Mr Appleton") of David Rubin & Partners LLP, 26 — 28 Bedford Row, London, WC1R 4HE be and are hereby appointed Joint Provisional Liquidators and Deemed Joint Official Receivers of BBIL pursuant to section 174 of the Act. Pursuant to section 181(4) of the Act any act by the Act required or authorised to be done by the Joint Provisional Liquidators and Deemed Joint Official Receivers is to be done by both Mr Benham and Mr Appleton save as may be specifically agreed in writing (including e-mail) between them;

3. Mr Benham and Mr Appleton as Joint Provisional Liquidators and Deemed Joint Official Receivers of BBIL shall have the following powers:

a) To carry on the business of BBIL, in so far as may be necessary for the beneficial winding up thereof;

(b) To open, maintain and operate without the further consent of any other person, such bank accounts as is deemed necessary by Mr Benham and Mr Appleton;

(c) To appoint an advocate or such other law agent or legal advisor (whether in the Isle of Man or elsewhere) to assist in the performance of their duties;

(d) To pay any classes of creditors in full;

(e) To bring or defend any action or other legal proceedings in the name of and on behalf of BBIL;

4. Mr Benham and Mr Appleton as Joint Provisional Liquidators and Deemed Joint Official Receivers of BBIL shall forthwith advertise notice of this order in two newspapers published and circulating in the Isle of Man;

5. Meetings of creditors under section 179 of the Act shall be held within one month of the date of this order;

6. The costs of Targus and of Mr Driscoll of and incidental to the Winding Up Claim shall be payable from the assets of BBIL as an expense of the liquidation of BBIL.

SEAL OF THE HIGH COURT

NOTE — It will be the duty of such of the persons who are liable under section 175 of the Companies Act 1931 to make out or concur in making out the statement of affairs of BBIL as the Joint Provisional Liquidators and Deemed Joint Official Receivers may require, to attend on the Joint Provisional Liquidators and Deemed Joint Official Receivers at such time and place as they may appoint, and to give them all information they may require.

Liquidator Update

This message went out to all creditors today.
(Please note that it isn't too late to apply:
Please contact Paul Cooper (on behalf of Paul Appleton)

Paul Appleton @ David Rubin and Partners.
Email paul.cooper@drpartners.com.
020 7400 7900)


For and on behalf of Paul Appleton – Joint Provisional Liquidator
Paul Appleton is licensed to act as an Insolvency Practitioner in the UK by the ICAEW



BANNERS BROKER INTERNATIONAL LIMITED - IN LIQUIDATION


IN THE HIGH COURT OF JUSTICE OF THE ISLE OF MAN


CIVIL DIVISION, CHANCERY PROCEDURE – CHP14/0008


Dear Sir/Madam

I refer to previous correspondence in respect of the above matter.

Please find below information to assist you in completing the proof of debt and proxy form.

Further notes for creditors on the filling out of forms

There are two forms to complete and return:

1) Proxy form – either a general or a special proxy

2) Proof of debt

1) Proxy form
If you are intending to attend the creditors meeting in your own personal capacity in the Isle of Man, then no proxy form needs to be filled out.

If you are not intending to attend the creditors meeting, then you can elect for someone to represent you at the meeting as “your proxy holder”.

A general proxy gives the proxy holder full discretion as to how to vote at the meeting on the resolutions.

A special proxy gives the proxy holder specific instructions on how to vote on the resolutions. The proxy holder will have no discretion.

You need to submit either one of the proxy forms.

2) Proof of Debt

The proof of debt needs to be filled out in order for the proxy form to be valid and your vote to be counted at the creditors meeting.

If you do not send in the proof of debt and proxy by the deadline of 12:00 noon on Tuesday 11 March, you will not be able to vote at the creditors meeting unless you attend in person and have lodged the proof of debt by the aforementioned deadline.

This does not mean that you will be unable to claim in the Liquidation for the amount of money you are owed. If you do not send in the proof of debt before the deadline, you will still be able to prove your debt at a later time. Any deadline for a future submission of proofs of debt will be advertised by the Joint Liquidators, pursuant to their statutory duties.

Regards

Paul Appleton – Joint Provisional Liquidator

Paul Appleton is licensed to act as an Insolvency Practitioner in the UK by the ICAEW

LIQUIDATOR NEWS

Statement from Paul Cooper at David Rubins & Partners.

The Joint Provisional Liquidators, Paul Appleton and Miles Benham, will shortly be providing information with regard to the next stage of the process. Additionally, for creditors that have not lodged a claim, they will still be able to do so. The formal cut off date will not be for some time and, in any case, will be publicly advertised to ensure creditors are aware of any statutory deadlines.

Paul Cooper @ David Rubin and Partners.
Email paul.cooper@drpartners.com.
020 7400 7900

The Irish Examiner - latest news

Banners Broker head bids to reassure investors

Friday, February 28, 2014

The head of the suspected pyramid scheme Banners Broker has tried to reassure worried investors that there is still money in the company and that it has moved operations to the Central American country Belize.

•  

By Conor Ryan
Investigative Correspondent

Canadian Chris Smith said the liquidation of its Isle of Man firm was a “pesky situation” that would further delay promised payouts. But he said the $6m frozen on Wednesday was “more of a rainy day trust” which it had not needed.
Mr Smith’s made his online video address a day after a court in the Isle of Man appointed joint liquidators to Banners Broker International Ltd.
But the company’s former contractor in Britain, who Mr Smith blamed for forcing the liquidation, described BBIL’s argument as “utter hogwash”.

Ian Driscoll, who said he left the company in 2012 when he sensed something was not right, said, if there was a surplus $6m sitting in an account, why had investors not been paid what they were due.
Mr Driscoll, who this month won a multi-million dollar claim against BBIL for breach of contract, told the Irish Examiner, if there were funds moved to Belize, the liquidators and creditors would unlock them.
Twelve thousand Irish investors had money in Banners Broker. They stand to lose heavily as they will be vying with creditors from around the world for a share of the frozen $6m.
In his web address Mr Smith claimed BBIL had been looking to wind down the Isle of Man company of its own accord.
An Isle of Man judge appointed joint liquidators after deciding BBIL needed to be wound up in the interests of justice.

Mr Smith confirmed it had no presence in the Isle of Man besides an unused bank account which it now cannot not access.

During his web presentation Mr Smith presented paperwork to show it incorporated a company, also called Banners Brokers International Ltd, in Belize last July. He said it was in the process of moving funds from the Isle of Man. However he said its efforts to shift the money had been frustrated by a legal case taken by Mr Driscoll, who he said was seeking $3m in unpaid profits. That hearing took place on the Isle of Man in early February.

Mr Smith said as Mr Driscoll was linked to the Isle of Man account BBIL could not get the money off the island in time. “We are now not able to release these funds that we wanted to,” he said.
But he said creditors who had made applications to the court in the Isle of Man would not get money from BBIL. “Nobody on that creditors’ list will be paid anything whatsoever.”

He said Banners Broker insisted on an internal dispute resolution system for affiliates and he warned investors it would not entertain court challenges.

Mr Smith told investors who had signed into the web address that an account of the liquidation hearing was available online at the Irish Examiner but that this newspaper had sensationalised the court judgment.


© Irish Examiner Ltd. All rights reserved

http://www.irishexaminer.com/ireland/banners-broker-head-bids-to-reassure-investors-260374.html

NEWS in Todays 'The Irish Examiner'

By Conor Ryan, Investigative Correspondent, Isle of Man

Liquidators were appointed to Banners Broker yesterday following a hearing in the Isle of Man. The scheme had attracted investment from more than 12,000 Irish people and thousands more internationally. The court agreed with an uncontested application that Banners Broker International Ltd (BBIL) should be shut down. It came five months after BBIL withdrew support for its Irish office, redirected service calls to Belize and put heavy restrictions on the withdrawals people could make from their accounts.

The court in Douglas heard the company had $6m (€4.4m) in assets but it had nobody from its Canadian operators present.

“The company is currently in limbo. It has no registered office, nobody providing secretarial services, no representative who will appear and significant assets of $6m,” said Judge David Doyle.

The judge said under the Isle of Man’s Companies Act 1931 it was just and equitable for the company to be wound up.

He appointed joint liquidators. One, from local firm Mann Benham, was put forward by Targus Investments. Targus had previously provided BBIL’s Canadian principal, Chris Smith, with nominee services for BBIL in the Isle of Man.

The second appointee was London-based Paul Appleton, of David Rubin and Partners LLP.

Mr Appleton presented the court with claims from people whose money is still locked in BBIL’s complicated internet advertising packages.

A standard letter circulated among some investors asked the Isle of Man court to appoint Mr Appleton as joint liquidator. In it individual claimants set out how much they had put in and what they were owed.

“There are genuine concerns as to the manner in which the business has been operated by others.

“A full and thorough investigation into BBIL’s affairs is, therefore, required to determine the position and explore how best to secure and recover funds for the benefit of its creditors,” the letter said.

The effect on creditors and investors will become clearer over the coming days.

Under Isle of Man law, a committee of inspection will oversee the work of the liquidators. It is expected to take up to a month to establish the extent of BBIL’s remaining assets and debts.


http://www.irishexaminer.com/ireland/fears-for-investors-as-suspected-pyramid-scheme-wound-up-260228.html

BANNERS BROKER INTERNATIONAL IS LIQUIDATED

GOOD NEWS!

The Court has ruled that Banners Broker International Limited is to be liquidated and must cease trading immediately.

Paul Appleton and Miles Benham have been appointed joint liquidators.

More Information will be posted as available..

LIQUIDATION INFORMATION

Banners Broker International is the subject of a liquidation hearing on
Wednesday 26th February at 10.00am at the High Court in The Isle of Man. 
If you would like to add your name to the long list of claimants please contact:
Paul Cooper at:  
David Rubin and Partners.
Email paul.cooper@drpartners.com.
020 7400 7900

I have spoken to him personally and he will be very pleased to assist you.

Applying to David Rubin and Partners to be listed as a creditor is CONFIDENTIAL.

Banners Broker will NOT know you are on the list and it will NOT affect your account. 

Bank Chargeback Information from Banners Brokers Ponzi Scam Facebook Page 

https://www.facebook.com/pages/Banners-Broker-Ponzi-Scam/398614356881465?ref=hl

We've received a very helpful message regarding bank chargebacks and the coming Liquidation.If a company is liquidated, the banks will almost CERTAINLY look favourably on your chargeback application.
It will confirm to them that BB is indeed a scam.

PLEASE CONTACT PAUL COOPER URGENTLY.
Paul Appleton @ David Rubin and Partners.
Email paul.cooper@drpartners.com.

Time is running out!
You have NOTHING to lose by registering.
...........................................

24th February
I've had messages from affiliates telling me that BBI is NOT registered in the Isle of Man anymore. Chris has confirmed this so it MUST be the truth... 

Unfortunately, Chris tells LIES:

Thanks to Dan Dare for finding this!