Wildly Wealthy Women

My mum did the first course in 2004, that’s how I became interested in property.

Mum said to tell you that it’s probably some of the best money she’d ever spent and is well worth the investment. They would have ironed out the glitches in the course by now and should be really good.

It was also very good for the participants socially as many women became good friends and even teamed up to do joint ventures. The course material is invaluable aswell, however many women seemed to fall away as the course progressed so she recomends that you be patient and see it through to the end. She is also thinking about doing it again next year as an affiliate because she’s done it before.

Hope this helps…G7

Yes she’s done well out of the course. She’s thinking of doing it again because second time around as an affiliate it’s cheaper and also for the comrarderie and the course content has expanded to cover more things.

For more info check out;

http://www.wildlywealthywomen.com/

and also;

https://www.dymphnaboholt.com/ModCoreFrontEnd/indexh2.asp

Dymphna is the main figurehead behind the course.

Hope this helps…G7

There’s also a mentoring program called Millionaire Women which is interesting….and there were a few featured on Oprah one day which I happened to catch in passing. Just inspirational kinda stuff about average people who came up with an idea and made it happen.

Get your money working for you instead of a bank! You could earn up to 3% PER MONTH on your money. Ask me how!

http://www.abc.net.au/news/newsitems/200509/s1470172.htm

I didn’t see the program and I wonder what there concern is?

Anyone know?

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Hi all

I did the mentoring program in 2004 and again this year (at a much reduced cost, to keep me inspired and networking with other like minded women).

I have bought 4 properies since starting the mentoring program last year (previously only had PPR) and increased my cashflow and net weath significantly. I was 100% happy with the ethics of the people involved and the education provided. I know literally hundreds of other satisfied women around Australia who got a lot out of it too.

I didn’t see the original Today Tonight program (not really my viewing choice!) but I think it was a case of over-enthusiasm and media inexperience. I hope people thinking of doing this program will still give it a chance despite this.

Sarah
[email protected]

Hi Gatsby,

Which papers in particular are you talking about to have a look through? Just the Courier Mail or the Australian etc?

Thanks

InvestorInTraining[grad]

Thanks for that G7,

It will be interesting to see what the court rules . . . Will be watching with interest, as I was considering the program for next year.

Cheers
InvestorInTraining

Sacrifice
Understanding
Committment
Character
Excellence
Satisfaction
Structure
= SUCCESS

In today’s Financial Review it states ACCC has taken court action over an investment mentoring scheme for women, arguing that it made misleading representations about the results women could expect.

The ACCC took action in the Fed Court on Monday against the principals of WWW and the Seven Network, which broadcast a segment about the scheme in 03/04

Jenny1

Australia’s competition watchdog has launched legal action against the Seven Network in the Federal Court.

The Australian Competition and Consumer Commission (ACCC) claims Today Tonight broadcasted misleading and deceptive stories about the results that could be expected by participants in a wealth-creation business.

The stories were broadcast in late 2003 and early 2004.

The ACCC lodged proceedings against the Seven Network and the principals of the Wildly Wealthy Women Mentoring Program on Monday.

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Scanning the scammers

I think this may be the technology used when they pulled Steve up about one of his old sites..?

The advantages Scamseek adds to the Australian Securities and Investment Commission’s (ASIC) efforts to track web scams and illegal financial schemes are best illustrated by a comparison of what went before.

ASIC’s surveillance was akin to an “individual searching the net without Google” before the advent of its new Internet-document classification system, according to executive director of enforcement Jan Redfern.

She explains: “The new technology provides us with a shortcut to the laborious manual task of looking through websites and in doing so, offers us greatly expanded coverage of the web in a short space of time.

“It has also enabled us to be far more effective in identifying scams, particularly as it’s a proactive tool that enables us to find scams about which we don’t receive complaints.”

The technology uses an automated web ‘spider’ to patrol the net – on a 24-hour basis if required – to feed suspect web pages into the document classification system.

Increased surveillance

Redfern says Scamseek has increased ASIC’s surveillance of websites by 1,000 per cent, or 46,000 websites, since it moved into a live trial phase in June last year. It has also increased the range of scams which can be recognised by 75 per cent. In a recent electronic sweep during the live trial phase, which officially ended in July this year, Scamseek scrutinised 40,000 pages, compared to about 4,000 when ASIC sweeps required investigators to manually trawl the web.

Of these 40,000 hits, ASIC was able to narrow its search down to 45 prospective suspects, and eventually three websites were taken offline while others were forced to take some of their content offline. Among the suspects were numerous seminars promoted on the Internet that promised to show people how to create wealth through particular investment strategies, Redfern says.

“We would not otherwise have known about the seminars detected by Scamseek, as no other consumer complaints had been received,” she says.

Closed schemes

ASIC commissioner Berna Collier added that the web was used to disseminate information by many of the 76 scams ASIC closed down in 2004-05. Collier says she did not have an exact number of closed schemes promoted over the web, but that the Internet and wealth creation scams had contributed significantly to the 25 per cent increase in scams over 2003-04.

The 76 illegal schemes involved more than 2,150 consumers who invested a total of about $220 million – an average of about $102,000 each. Five promoters of illegal investments received jail sentences.

For obvious reasons, Redfern is circumspect about the surveillance methods ASIC employs with its new technology, which the regulator has invested $2 million in developing. ASIC was partnered in the project by Capital Markets Co-operative Research Centre (CMCRC) at the University of Sydney, as well as Macquarie University and Smart, which designs fraud detection and analysis systems.

Redfern says a Scamseek blitz – otherwise known as an electronic search day – is carried out secretly and intermittently throughout the year. “It would not be particularly useful for our effectiveness as a regulator if, for example, we were to publicise that we were going to do this once a month or on every second Monday.”

She says Scamseek has changed the way ASIC does its net surveillance, allowing it to move away from well-publicised Internet surf days, which were largely done for consumers for educational reasons.

“Since the system has been fully up and running in July, we’ve been doing little surveillance campaigns without notice, and taking action where appropriate,” Redfern says.

Identifying fraudsters

Scamseek works by using the “most up-to-date research in document classification and new analytical methods for identifying the meaning of words”, says Redfern.

“Scams that are run through websites tend to use certain words, in certain ways, with certain characteristics – but they can be cleverly disguised as well,” she adds.

“We’re using new theories on textual meanings to unravel the deep linguistic features that will enable us to detect scam proposals no matter what surface forms of language they use. Of course, in the process we pick up a lot of sites that aren’t necessarily scams but we are able to eliminate these very quickly.”

The Forensic and Electronic Enforcement Team (FEET), which was established by ASIC six years ago, is in charge of Scamseek, as part of its overall brief to co-ordinate all digital surveillance by the regulator. FEET uses the spider to covertly trawl the Internet for potential financial scams targeting Australians, regardless of where they originate from.

On the radar

The spider uses technology developed by one of the CMCRC industry members SMARTS (Security Markets Automated Research Training and Surveillance). Any sites thought to be worthy of further investigation are drawn up into a shortlist by FEET which is then passed onto investigators, who prioritise them through the Risk Assessment Scoring System (RASS).

RASS enables ASIC investigators to hone in on suspect sites within the short-list by identifying if a short-listed site has been banned or investigated previously. Investigators can then conduct a “who is” search using a disguising proxy (a third party website that disguises ASIC’s re-using IP number) to identify who is responsible for registering the domain, Redfern says.

Scamseek tracks two main types of financial scams: people providing financial advice online when they are not licensed, and people offering extravagant claims of returns. It searches the web for financial advice by unregistered advisers, legal investment schemes, financial services scams, and stock market tipsters attempting to manipulate the price of shares.

It can assess and aggregate the risk associated with information on a website, identify people and companies mentioned within the text, and mark sites that are above the acceptable risk threshold for further analysis.

Redfern says Australia’s position as a “victim” jurisdiction for perpetrators of Internet scams had made Scamseek’s technology essential for ASIC’s regulatory function.

Prominent perpetrator jurisdictions include the US and Thailand or, alternatively, offshore entities which don’t have the same regulation as in western economies, Redfern adds.

“But it’s hard to know where exactly the scam is sourced because they can go through a myriad of intermediaries and Internet service providers,” she says.

Sites originating within Australia fall within ASIC’s jurisdiction and can be closed down, but it’s a “lot more difficult” for sites originating outside of Australia.

“We don’t have the power to close these sites down, but we are currently working with other regulators to improve our intelligence, with the aim of closing these down.”

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Here is the latest on Rowena Wallace:
(from http://www.smh.com.au)

“Pat the Rat is in danger of becoming Pat the Rap, as the Gold Logie winner Rowena Wallace faces a possible jail term after being charged with multiple counts of social security fraud.

Wallace, best known for her role as the nefarious Pat in the TV soap Sons and Daughters, has been charged with defrauding Centrelink and dishonestly obtaining a financial advantage.

A statement tendered to Downing Centre Local Court says that between November 9 and December 21, 1999, Wallace allegedly was paid a disability pension while receiving income from Seven Network and Channel Ten’s Good Morning Australia.

She was also charged with obtaining allowances to which she was not entitled as well as disability pension payments between February 15 and March 14, 2000 while earning income from Beauty and the Beast as well as from Seven Network.”

She has apparently paid $26,000 back….

Hellman