If you are into Ismadsincome or RicanAdFunds you have probably received their update about security measures.
Briefly, they noticed that some users opened multiple (fake) accounts to receive their own referral commissions.
It's nothing new and I am not suprised that there are cheaters among onlive investors.
What I really appreciate is the professionalism of the Admins handling the situation: in the update they say that they will investigate on multiple users using the same paying processor account and that those users will be required to submit proof of identity. Now this is the right way to do it.
Do you remember The Golden Path? To prevent this type of fraud they required ID documents to all users (more than 11.000 at that time), even to the ones that had no referrals at all (like me). Then, after collecting the ID docs the program closed. You can't imagine how happy I am that at that time I decided not to submit my ID documents. Now there is a database of thousands of ID documents floating somewhere in the cyberspace. No good at all.
The Admins of Insmadsincome and Rican Ad Funds are showing the right way to face the same problem. Good job Admins!
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