Today, I find two new RPP programs being advertised on the net, Earlypension.com and UAE-pension-retirement.com . It is really starting to be rediculous. The more I see of these reverse pension programs, the more I sway towards the “too good to be true” line of thinking. I am not saying that either of these new ones are scams.. not yet anyhow. (We have a category for that.) This is just a fair warning to those that are considering to participate that scammers and unscrupulous people are great opportunists.

I would be very surprised and shocked to see if any one of these RPPs is legit and pays out like they say. I believe that we are now reaching a point of saturation with these programs. Scammers, if not already present, will start to copycat the original websites to swindle honest folks out of their money. Professional scammers are frothing at the mouth with this concept. You have the perfect setup - an anonymous website with a lofty idea that plays on the dreams, hopes and greed of average people, a non regulated currency payment system and a deadline. The scammers do not have to do anything until the last dollar of the last member is sent in. Then they can run.

Of course some participants in these programs will counter with the fact that several of these programs have come to completion and they haven’t run yet. The sites are still there. One can only ask, have they paid out yet? On a more pessimistic point of view, it will take the scammers a while to move several million dollars worth of e-gold and e-bullion around as to not attract attention. Secondly, the e-currencies will have to be exchanged into hard cold cash and transferred to some hidden offshore account.

Pure conjecture, but very likely how it will happen if they all turn out to be pie in the sky scams. After all, they do have their escape clauses. What? You haven’t read them?

Well, you can read the FAQs, disclaimers and risks disclosure on the sites of any of these programs. Earlypension.com does not have a disclaimer nor a risk statement, so that’s a redflag on them being an amateur, however, this is what they say on their FAQs.

Will I lose money in this program?
Nothing is perfect, however if in the event of a massive internet crash or problem with world financial markets, you’ll only lose $50 max as investment for a membership fee. That’s all.
Is this legal?
Yes, Early Pension Plan is 100% legal. In return for your investment, you are given access to the service we provide and also a selection of useful software and e-books in our membership section. Any program that provides a product of any kind is legal.

Ok, so you only lose a lousy $50 bucks (they collect $5,000,000) and because they give you some worthless e-books it makes them legitimate. LOL.

UAE-pension-retirement.com, on the otherhand, has the perfect escape clause as seen on the other sites. Here it is:

Risk Disclosure

U.A.E. Pension Fund offers no guarantee of any kind.

Risk is an integral part of any financial transaction (like commodity, currency, futures, option trading and business deals generally).

Many factors can influence the level of return including intervention by various levels of government or the unpredictable nature of business and Fund.

U.A.E. Pension Fund will make every effort to reduce the probability of loss but payment of compensation and Loyalty Program Rewards are on a best efforts basis.

In spite of risks you should always also remember:
Nothing ventured, nothing gained.

So basically, they can stop taking money tomorrow and run. You will have no claim since they guarantee nothing. I love the way they compare the risks as being part of any financial transaction like commodities, currencies, futures and options trading. I swore at the beginning of the site, they said they were not a securities issue.

Don’t forget the final pitch… “Nothing ventured, nothing gained.”