mark stelvio from genius funds opened a new hyip site to scam people!
March 24, 2010 9:23pm CST
for those who have invested in genius funds, you should know who is mark stelvio, the owner of genius funds. he created a new hyip site on february 2nd, 2010 to scam people! this proved that he actually knew that genius funds is going to end? this is the site: http://forextradersbooker.com and check the domain owner details here: http://whois.domaintools.com/forextradersbooker.com
2 people like this
25 Mar 10
I don't think someone would jeopardize his name if he is to scam people in the net or even post it twice with a different scamsite. it is a psuedoname, i presume. Anyone can develop a different identity in the net. Anyway, most hyip sites, if not researched well, are scams. they all come and go except for the funds that are managed well, they stay long. I know one hyip company who has been in the business for more than four years and they are still good up to now. Be careful with hyip because it is actually like gambling your money.so, be prepared to loose it all when things go wrong.
25 Mar 10
i have this thought. maybe someone faking mark stelvio's name to start a new hyip site like this one. he did this so that he can gain immediate credibility (in the new hyip site) upon mark stelvio's success (in genius funds). but he has never thought that a long running and trusted hyip like genius funds closed now. so now people even hate this new site (thinking that it was from the same person while it is not) and spamming to it. what do you think of this possibility? by the way, which hyip do you mean that has been more than four years in the business?
25 Mar 10
He is a conman and should be avoided. I hope people realize that he is the same person who operated genuis fund that went down the drain and is trying to net more people to his trap. It is good that you start this post to warn others before they become victims.
29 Mar 10
I'm no longer into hyip now, luckily for me!! WHy would he wanna do that in the first place?? UNless, that's the site whereby with all the money he scammed, he will then use it to pay thsoe investors in genius funds?? As such, it will make genius fund appear as legitmate, and yet he's always earning money at the expense of those poor investors, with himself not needing to paying anything out of his own pocket at all!!
29 Mar 10
yes, what you said could be one of the reason. otherwise it think it's just some random people faking mark stelvio's name to start this new hyip site. he planned to gain immediate credibility (to this new hyip site) upon mark stelvio's success (in genius funds). but he never thought that a long running and trusted hyip like genius funds was closed now. now when people thought that this site was from the same person, they left it or planned to leave it after receiving their money back (since this site is still paying now). what do you think of this possibility?
25 Mar 10
For HYIP, those who are greedy will always lose, if you are wise enough, you set a period amount of money that you can lose and invest, once given the right time just take out your money and have fun with it, never keep reinvesting, that is the idea of it though, re invest and lose.
27 Mar 10
I don’t have any involvement in HYIP sites and don’t know a great deal about them. I appreciate your post warning us about this guy and his scam sites. We need people to be vigilant and help each other out with these warnings. The Internet is inundated with fraudsters; my advice to anyone is hold onto your money and is careful before investing a cent!
28 Mar 10
yeah, i just warn people to be aware of this guy and his scam sites. although this new site is still paying, but since he had a very bad record of scamming millions of dollars from people around the world through genius funds, he should be blacklisted.