Hyip weekly report – DX scam alliance

This information found on Vanuatu Daily Post website and a few other sources. DXSynergy system is a Ponzi by a company registered in Vanuatu which known as Global Digital Transfers, Inc. Prior to that, this company was known as GalaxyGlobal investment Retirement, Inc. At that time, they ran a program called Global-E-hand.com. In December 2001, a press release issued by the Australian Securities & Investment Commission has identified that global-e-share.com as a scam. The new DXSynergy is nothing more than an updated and more complex variation of
the original GalaxyGlobal’s Ponzi in 2000 and 2001. 

Mervyn Copperwaite, is the person behind this controversial Global Digital Transfers that has been around since 2000 and aims to be the creation of a truly global economy based on the Internet and the participation of a series of 26 DX Synergy Services Internet services, including DX Shopping, DX Auction, DX Adsexposed through a network of 50,000 current members. And now via DX Connext, they are claiming to offer free VOIP network services through it’s. However, the company has had problems with the negative publicity on the internet forums saying that it is a scam and had ripped off lots of money. Furthermore, there was controversy over the attempted purchase of the Grande Hotel when Westpac Bank refused their winning bid because of concerns about lack of financial and asset records. 

According to the interview which published on the same website, when the interviewer asked about the disappearance of the website for couple of years, Mervyn replied that they do not need a website because they are waiting for the commercial website to be online which is they are soon to be launched internet phone service. He also said that commercial website is the main operation for the whole system and they have to get ready before they start again. 

The interviewer asked for the clarification from Mervyn regarding massive complaints from members where the company scammed them and owed them money. People put in money into the company, received the promised high rate of return, however, they could not withdraw the money for over two years now. 

Mervyn denied that they have the funds and there is no loss. According to him, the user has the funds in the system. They use other payment services where funds are stored. They know exactly how much a person put into the system, the value of their claims and executed. Their role is to manage the security of the account. They are the facilitators who have all records and the system and all accounts. They told everyone from the very beginning, so no one can deceive them. They locked the whole system to stop a small minority who have benefited from the system. Now, they locked them all. They know what value the small minority have done in terms of revenue in the system. They know this small minority took money outside the system, they know who cheated the system and networks used in the system. Once again launch the new network, they replace all persons who currently can not get around the system. 

Mervyn also said that they have not earned any income for two or three years. When they saw people on networks abuse the system and reap the profits quickly. They can tell these people complain in the forums say one thing in the forum and do something different. In an economy that needs to provide interest. They provide interest to a level similar to a bank. You can not take money without paying fees. You put a certain sum of money and then you can earn a certain amount of it to maintain its principal there. Use interest in the system. You can store and grow or use in the system. If you take what you have, you should re pay within 30 days. If you do not pay back that against the input value with which it began. The size of the interest is only equivalent to the size of the input. You get more than one to one, but you can not use that interest. That is how it will work in the future, when you throw people stop screwing with the system. 

He further explained that they had to wait for e-Business to amend the law in Vanuatu. That is why they have not been able to move forward. E-business is their business. They needed to change the law because it was screwed up. The law was put in 2000 and Mervyn said it was never going to work as he realized it is of national importance and a great advantage for the country. The National Bank of Vanuatu do not and can not use it because they are not electronic and if you still want to use it, the National Bank of Vanuatu would have to provide all the work stations and the entire electronic system. 

Even after eight years now, it still has not taken place. They can not even transfer between accounts electronically. Only by asking questions with government officials who did not know much about electronically, Mervyn claimed that he had constructed of their own system and waited and knowing that the law was never go to work. In 2005, he saw an opportunity here because their system operates on a vast scale and it is for businesses and consumers in the electronic world, anywhere in the world that are as long as you have the right communication, you can operate safely in Vanuatu because they are small. They can run the same as that of London or New York here. Before they wanted the money to come to the National Bank and then again as an off-shore. I remodeled our system so that Vanuatu qualifies for a transaction and trade between one country and one or two people or a company outside Vanuatu. You do not send money, and then to get the funds to another place that never work with the national banking system. We do not use the banking system, because we could not do. We do not want to be involved in an off-shore, because it is an old system. 80-100 years, was designed only to hide the money and do not generate money. 

It is only a small minority that causes problems. Their system is almost like a country. He claimed that he is not a materialistic person who wants money. He saw an opportunity, in his opinion, the Internet and he saw how people are screwed in the Internet that you can not use credit cards so he had to review the entire trading system on the internet. 

The clarification and the current VOIP project do not gain much satisfaction from the members as their money still stuck in the system and there is no way to get it back. Members also dissatisfied with the lack of communication from the company. The website has been offline for long time, and there is no way to retrieve them via any medium; either by email or by phone. Members also do not see any progress on the current project and doubt it will be successful. 

As current update, Mervyn and Global Digital Transfers Inc went to court and lost. Therefore, a liquidator has been assigned to the case. As both the company and Mervyn do not have any known material assets, recovery does not seem likely for the members who had involved and fall victim in this scam.