Stats of a Scam: 12DailyPro’s $500M stash & other figures
September 7, 2006
You know 12DailyPro (www.12dailypro.com) is now considered a scam. You also know thousands of investors lost millions in this program. What you don't know, however, are the actual figures.
Read on and be amazed at the statistics and figures related to the 12DailyPro (12DP) scam.
The Court-appointed receiver for 12DP, Thomas F. Lennon, released on September 2006 his first interim report on 12DP. In the report, he mentioned several statistics that prove how grandiose a scam 12DailyPro was. Take a look:
Total amount of money invested in 12DailyPro: $514,347,135
Total number of unique investors by user ID: 175,187
With these figures we now can accurately say that thousands of people from around the world indeed lost millions in 12DP.
The stats are just getting better:
Total 12DP money placed in e-gold: $93,650,774
Total 12DP money in EMO: $8,074,488
Total 12DP money in Stormpay: $385,828,897
12DailyPro's demise started when Stormpay froze more than $386 million of funds. With more than 75% of its money frozen, 12DP ultimately cannot pay its members anymore. There's no other way for the program to go but down. Its collapse was imminent.
The stats get juicier:
One person had the biggest loss amounting to $49,901;
One person obtained the largest profit of $512,621;
64,000 investors lost less than $5,000 in 12DP;
5,100 lost more than $5,000;
41,000 investors did not sustain a loss at all.
Where do you belong in those stats?
Here are the full 12DailyPro figures:
The complete report can be accessed at the receiver's website at www.tlennonfor12dailypro.com.
[tags]12DailyPro scam, 12DP, autosurf, Charis Johnson, egold, EMO, Stormpay[/tags]
November 8th, 2006 at %H:%M
[...] What's the 12DailyPro First Interim Report all about anyway? Nothing much in there really, except for the usual legal blurbs and an explanation of who and how many were scammed by 12DP, how much was stolen, etc. For these details, read the Stats of a Scam: 12DailyPo’s $500M stash & other figures article. [...]
November 14th, 2006 at %H:%M
[...] Now if you are asking when the program will really end or close down for good, it is hard to say. But generally, an autosurf begins its tailspin once its members stop making their deposits, all at the same time. And it gets worse when the big-time depositors pull out from the system. Imagine one investor depositing the maximum limit of $6,000 for one year, and then suddenly deposits only $6. So if all big-time depositors pull-out at the same time, then it’s over. One of the many celebrated cases is the now closed down 12dailypro (read a related article here) where more than $500 million investments coming from thousands of people around the world were lost when StormPay (main pay processor) freezed the $300+ million account. [...]
April 5th, 2008 at %H:%M
[...] Find out the overwhelming stats related to this investment program: $500 million scammed by 12DP from 175,000 people [...]