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Beware giblink.com listed on Flippa

Discussion in 'Site Flipping' started by lucky17, Apr 22, 2012.

  1. lucky17

    lucky17 Junior Member

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    1,000's of giblink members did not get paid out any money that earned.
    Now one of the creators is trying to sell the site on Flippa.
    Some of the text from the Flippa auction below.

    History

    The site was launched in 2007 and was a pioneer in the social media space and paid membership sites.
    Paid member totals reached 34,000 users and generated over $15 million in membership revenues from 2007-10 and paid out over $10 million in commissions to members.
    The paid membership model was based on a "Revenue Share" of the membership revenue AND advertising revenue.
    Unfortunately advertising revenues never reached a point to make significant impact on the revenue share and combined with the many free social networking sites lead to a steady decline in paid membership.
     
    Last edited: Apr 22, 2012
  2. poweronics

    poweronics Jr. VIP Jr. VIP Premium Member

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    Hmmm.... How can one of the creators be authorized to sell the site? Can you support your statement with some proofs from members who did not get paid? It can be reported to flippa guys.
     
  3. lucky17

    lucky17 Junior Member

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    I was not paid $800+ and if the guys at Flippa check out the PM I sent from within my Flippa account to the seller they will see the seller telling me I was not the only one who did not get paid out.
    In the PM the seller states he also lost out big time as well, not just the members.
    In his PM he also states "If the site sells on Flippa I will send you what your due"
    I know he will not send me anything even if sells it for $100,000+
     
    Last edited: Apr 24, 2012
  4. win292

    win292 Junior Member

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    well, i think u should let the guy sell the site as at this way u still has the chance to get your money back. Otherwise you just cant get your money and both of you will lost the money.
     
  5. lucky17

    lucky17 Junior Member

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    To be honest they must of been 100's if not 1,000's who did not get paid out at the time loads of members was complaing.
    In his Flippa auction he states


    "Paid member totals reached 34,000 users and generated over $15 million in membership revenues from 2007-10 and paid out over $10 million in commissions to members"

    So even after overheads it must of still made lots if money and now his telling me if its sells on Flippa he will pay me, I don't trust the guy.
    Also who every wins the auction is going to be stuck with a site/domain that was used to rip people off.
     
  6. signup

    signup Newbie

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    To set the record straight the FACT is this user WAS paid by gibLink. His money was in fact frozen by Global Money Cards a payout solution we had used for several years. Their account were were frozen by the NY AG for activities unrelated to gibLink.

    It is also completely UNTRUE that "1,000's" were left unpaid. We have audited financials that prove an UNHEARD of 70% commission was actually paid out.

    What really makes this post awful is I even went so far as to offer to pay this person personally from the proceeds of the sale. He now has already slandered me that "he doesn't trust me" and "I probably won't pay" without even being given an opportunity to honor it. A post like this would seem to be self-destructive in that regard.

    To say gibLink "ripped people off" is simply NOT TRUE. gibLink was a membership that paid commissions to it's members for referring other members.

    I think this person's twisting of the truth and wild speculation speaks for itself.

    Signed,

    The FACTS

     
  7. lucky17

    lucky17 Junior Member

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    Why should I believe you that you will pay me if you sell your site on Flippa.
    Because you did not pay me as you said you would do in your email/PM to me from within my Giblink account a few years back.

    As for me posting my comments in this forum, I have been a member of Blackhatworld for two years now and I don't want any members of of this site buying Giblink without knowing what went on.
    Adam why would anyone really want to purchase a domain/site that had so many members that are not happy with what happened.


    I have placed a copy of what you told me you would do below.
    (I have also have a saved screenshot of the PM below)!!!!!

    ================================================================

    We as well are very upset with Allied / GMC and have funds of our own frozen
    with them.
    Due to the large amount and your current circumstances we will pay you
    ourselves via another method
    and seek to recoup the funds from allied on
    your behalf.
    I would recommend a check unless you would prefer paypal or the new debit
    card solution? Please advise and I will forward for processing.
    I apologize for the inconvenience.
    Yours truly,
    Adam Bernard
    =================================================================

    Just google Giblink and you will see others saying the same, below is a post on this site: http://www.philmir.com/wordpress/?p=128

    To people who have been envolved in the organization of Giblink beware.
    The original plan of Gibline was seen as an answer to many to produce a retirement nest egg within a few years, without having to recruit new members, participating only as a static position. Pay your quarterly fees of $150 every three months and collect a portion of the revenue each four months.
    The projected income to be received in a four year chart was issued on Jan.31, 2008. qouted as follows
    Based on
    oiginal three pods cycling through the complete line for each four months. Does not include enhanchments such as referal bonuses, referal matchng bonuses, monthly income bonuses etc. Only renewal every three months.
    the chart shows earnings received over the course of four years.
    4 months = line 1 = $100
    8 months = line 2 = $700
    12 months = line 3 = $1,400
    16 months = line 4 = $2,900
    20 months = line 5 = $5,600
    24 months = line 6 = $11,200
    28 months = line 7 = $22,400
    32 months = line 8 = $44,800
    36 months = line 9 = $89,600
    40 months = line 10 = $179,200
    44 months = line 11 = $358,400
    48 months = line 12 = $716,800
    "These 48 months of payouts add up to $1,433,000 or $29,854 per month for the four years"...
    Statement following this chart
    "Could you put $150 in the bank every three months and see this return" "Could you work 40 hours a week and see this income per month."
    They pulled in 18,000 people in the first two months, the HOOK!
    After the third quarterly payment, I received $137.99 placed in the bank in my name. I felt a little more confident in my position, and awaited seeing the paymnet of the $700 at the 8th month of the Gibline. It did not appear. During this period, they had dropped the program in which everyone had joined, and replaced it where you can only see a return if you bust butt and con other people into paying for a job with Giblink 2.0. Now we are a bit past the annual year of october where I should have seen a $1,400 payment added to my bank, and again nothing. and again now we all see another program being adopted by the management of Giblink to put a mask on the fact that you now have to interpret commissions as well as points, so no one knows where they are at with Giblink #.0.
    They started by only asking for quarterly payments from members, now monthly, quarterly, yearly, and charter 60 month payments which claim points.
    I kmow a lot of people like me joined in to see a profit as promised by the 200 plus beta experts that tested the Gibline and said that it could never collapse, as people continued to pay in to generate the power to drive the Gibline.
    The problem with the entire Giblink "group" looking for more congenial words than Ponzi!!! They have broken every promise and plan they made to the original participants by Bait and switch. I took my time before promoting the Giblink as people whom I discussed it with all said it smelled like a Ponzi. Thus I waited until I saw the promised payouts, by this time are $2,031.16 behind promised schedule provided me by Giblink. I have paid in $750 over the five payments of the past 14 months, and have seen a total of $168.33 for my total payout.
    I was told that I could take a stand of static position and never have to sell a thing to make those wonderfull payments.
    Instead, the reverse income has taken over every person who wanted to simply pay and earn. My decision not to push this promotion onto people was a good decision for me. I have always been honest in my business with other people. By selling this garbage to other people by my re-enforcing the lies of the developers of the Giblink and Gibline would obviously destroyed my reputation for Honesty. I hold that part of my reputation scacred. To have promoted this giblink act of manageing clowns would reduce any reputation that a person had as the promises dissappeared.
    My warning to potential participants is to stay clear, and put your money ina bank, it is paying a lot better than putting it into Giblink.
    We can discuss advertizing. Where do they place your business name? They said that they were destined to be bigger tha Google and Yahoo!!, Balderdash!!! Whwere do you search for ads with Gib who????
    I am both dissatisfied with this program as well as feeling cheatd out of a promise, profit, as well as my money paid in. I have received only 20% of the monies that I placed into Giblink hands. Beware!!!!!!!!
    . I would like to get fellow participants to join together to form strength in numbers for some attention of the Funky administration of Giblink, to Provide compensation as originally promised and charted for participants, or possible action, before the Feds and SEC get a wind of the money being lost to Giblink, and shutting the entire operation down. At that point, the only people whiom will see any money are the lawyers who the receivershiop is handed to by the District Courts.
     
    Last edited: Apr 25, 2012
  8. poweronics

    poweronics Jr. VIP Jr. VIP Premium Member

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    Seems to be one of the biggest online scams around.
     
    Last edited: Apr 25, 2012