Global Pension Plan Scam – Update


It’s been a while since I blogged about why I believe the Global Pension Plan scheme is a total scam. Since then not much has happened. People have yet to receive that big pile of cash they’ve been promised, and frankly I’m not surprised. A comment on my original GPP post spurred me on to scour the net to see if there is any fresh incriminating info regarding GPP. Sadly I did not find anything new really, but I did come across something that I’ve overlooked before. Here is what I found:…-suunnitteilla

Translation from Finnish, courtesy of Rokka.

Criminal investigation of GLobal pension plan-pyramid scheme has revealed new scam plans. National bureau of investigations Turku unit has found indications, that there’s already new, similar schemes to collect money from the gullible, tells Turun Sanomat.

Plans for new scams have been revealed in house searches, that police have conducted while investigating GPP in Helsinki, Forssa, Turku, Oulu and Tampere.

People should think where they put their money, can a few tens of euros investment bring you loads of money in a moment, says senior constable Esko Vesanen from NBI of Turku.

GPP network, which was marketing pension insurances, managed to collect from investors at least a pot of hundreds of thousands of euros. Exact figure is not yet discovered. Money went to foreign accounts, and tracing it has been a difficult work. Police haven’t been able yet to discover who was/were running GPP-pyramid scheme. Finnish NBI has been investigating GPP since spring.

Article Published 05.08.2008

Police investigating suspects in an alleged pyramid scheme have uncovered evidence suggesting the same people may have been planning similar operations.

The newspaper Turun Sanomat reports that during home raids, Turku police found indications that the suspects may have been trying to set up similar schemes to gather money from people via the Internet.Police have come across plans for Internet fraud in Helsinki, Forssa, Turku, Oulu, and Tampere while investigating the activities of the founders of Global Pension Plan. The “Plan” promised quick returns on investments, but has been accused of being a pyramid scheme.

“People should think about where they put their money,” warns Turku police force’s detective Esko Vesanen. “Can ten or so euros really bring a huge profit in just a moment?”

Police have been investigating one pyramid scheme after another since March.

Finland’s financial authority position on GPP:…0INSURANCE.pdf

Proof that the is no relationship between GPP and the Children of Ecuador Foundation as originally claimed by GPP:

These lowlife scums (GPP) are willing to stoop so low as to claim to be doing charitable work in order to steal your money. This just really ticks me off!

Interesting forum threads regarding GPP:

I’m going to post any new info over here most likely rather than starting a new post.

If you find anything useful or anything that further sheds light on this whole GPP subject, please let me know.



26 thoughts on “Global Pension Plan Scam – Update”

  1. I was having trouble contacting you on the contact form to let you know about my website which is related to this post. I think you may find my site interesting and would really appreciate you adding my site to the list.

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  2. Jessica I don’t think your forum is related _specifically_ to the Global Pension Plan scam but I’ll be nice and let you keep the link here. I’d really appreciate it if you’d place a backlink to my site somewhere on yours.

  3. From: Global Pension TRUSTEE
    Sent: Wed, 27 October, 2010 1:04:12 AM
    Subject: GPP URGENT

    Global Pension TRUSTEE” <

    Dear GPP Members,

    October 25, 2010 Global Pension TRUSTEE Administration reached agreement with 20 banks on document delivery and Card (Silver, Gold and Platinum Card).

    We have experienced some difficulties in the past with document delivery to your home address. We found the final solution – the courier service FedEx. Delivery in 5 -12 days (depending on your country).

    Payment for shipping FedEx – $59.

    – Liberty Reserve Account: U2809340 (Global Account)
    Memo: Shipping / UserName

    FedEx Delivery takes place immediately after the payment of $ 59.

    New debit card orders and upgrade requests are still accepted only until November 05th, 2010 just before the banks are closed in the holidays. All the new card orders will be processed for the first batch. Allow us to repeat the information one more time. There won't be a second batch. Payouts and debit cards issuing will be done in ONE batch and one batch ONLY. Members without debit cards will have no way to access their payouts so they cannot be paid. Payout funds from unpaid members will be distributed evenly per member to all members with a debit card.

    Below is some additional information needed.

    Instructions for requesting a purchase of additional policies or debit card order upgrade :

    If you wish to purchase an additional policy, pay 15 EURO or 20 USD to either of the Liberty Reserve account, and put in the memo section : USERNAME + NUMBER OF POLICIES PURCHASED.

    If you have paid for a Card and wish to upgrade, pay the balance to the same Liberty Reserve account you used for your first paid order and in the memo section, put in : username + CONVERT TO (TYPE OF CARD).

    For example, if you have paid for a Silver Card and wish to upgrade to a Gold Card, what you need to do is pay the $50 balance to the same account you used before and in the memo section, put in : username + CONVERT TO GOLD.
    If you have paid for a Gold Card and wish to upgrade to a Platinum Card, what you need to do is pay the $125 balance to the same account you used before and in the memo section, put in : username + CONVERT TO PLATINUM.
    If you have paid for a Silver Card and wish to upgrade to a Platinum Card, what you need to do is pay the $175 balance to the same account you used before and in the memo section, put in : username + CONVERT TO PLATINUM.

    – If you have ordered e.g. 5 Silver Cards but only wish to upgrade e.g. 2 Cards to Gold/Platinum, simply make two separate balance payments and we will know that only two of your cards have to be upgraded. If you wishes to upgrade all your cards, you can make the balance payments in one batch.

    – Orders of e.g. 3 Gold Cards (total cost : $225) will not be automatically converted to one Platinum card, because we do not know if you wish to have 3 separate cards (for your spouse/family etc) or just one with a larger limit. So if you e.g. have ordered 3 Gold Cards and wishes to get one Platinum Card instead, pay $0.1 or less to the same account you used before and in the memo section put in : username : CONVERT 3 GOLD TO 1 PLATINUM. (The $25 you overpaid will be put into your Debit Card balance). Same method for Silver conversion to Gold. You can convert 3 Silver Cards to one Gold Card for NO EXTRA FEE.

    Point is : if you have paid enough or more for a conversion, you do NOT need to pay again. Simply send $0.1 or less and fill in the memo section.

    Liberty Reserve account information and payment memo details required for new Card Orders and Card Conversion Requests : You can use either account, there is no problem. We initially set up two accounts to help make the accounting work easier.

    – Liberty Reserve Account : U9948672 (Global Debit SILVER)

    – Liberty Reserve Account : U5871417 (Global Debit GOLD)

    – Liberty Reserve Account: U2809340 (Global Account)

    Memo: Shipping / UserName

    To summarize the Debit Card types :

    – SILVER costs $25 per card, ATM cash withdrawal limit of $500 daily.

    – GOLD costs $75 per card, ATM cash withdrawal limit of $2,500 daily.

    – PLATINUM costs $200 per card, ATM cash withdrawal limit of $10,000 daily.

    – Additional policy costs 15 EURO or 20 USD each, payable in either currency. There are only 12,756 policies left unclaimed.

    With Regards,

    The Global Pension TRUSTEE

  4. Great, so now they can scam you even more!

    Come back here and let me know if they really did deliver your “debit card”…something tells me this won’t go according to least not for GPP members.

  5. Just do the math on it and you’ll see that there is no way everyone will get what they’ve been promised. The only people who will make a lot of money from this will be the owners of the Global Pension Plan scheme..and guess who’s money they will walk away with – YOURS!

  6. Agree 100%. I can’t believe we’re still talking about this scam. Are they even still around? But the people behind it deserve to be put in jail.

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