I am sick now of all these cheerleading crooks telling nonsense like "Profitclicking is fully compliant", "Profitclicking is legal worldwide" or even "they are fully licensed". They are nothing! They are a big illegal, not compliant ponzi scheme. In this article I don't want to tell again that they are about to collapse, I think I did this often enough. In this article I want to show you why there is no chance to be legal and compliant for them. Maybe it will open your eyes a bit and help you to proof these cheerleading people wrong and protect other people who have no clue about the financial laws in our world.

Fact 1: JustBeenPaid / Profitclicking is not registered anywhere
It is a fact that JBP / PC are not registered companies. They have no location where they operate from, they have no physical address. It is all web based by some people spread around the world. Because of this anonymity they are safe for now - until they do a mistake. Claims like "they have to be legal, SEC would've shut them down long time ago" are nonsense. The SEC would be happy to shut them down if the knew who to arrest and where. The only people who are liable at the moment are affiliates, cheerleaders and related people. They can be arrested at any time, just give the authorities their name, addresses and proofs and they will soon get into big trouble. For your information: It already happened! In italy several people got arrested because of advertising the JustBeenPaid / Profitclicking ponzi scheme. Also in the past there were several cases in which affiliates, promoters and cheerleaders of a program got arrested because they could not find the operators of a scam. I suggest you to google for AdSurfDaily or MMM-2011 (mavrodi ponzi scheme). Do you know that not being a registered company alone makes them illegal? They are not paying any taxes, so how they could be legal? Everyone needs to register a company for his activities which are carried out to generate revenue.

Fact 2: JustBeenPaid / Profitclicking is a ponzi scheme
Honestly, I don't get why all cheerleaders are denying this fact. It even was admitted in one of these calls "Frederick Mann" did when PC was JBP. He openly admitted that this program can not survive without new deposits of members. Also this restart feature is clearly stating ponzi! Why would they need a restart if their business is so profitable? Why they need to get rid of money in order to continue payments? Why Profitclicking can only process payouts while new deposits are coming in? The deposit feature was the first which was opened. They know that there are a lot of dumb people who will again put their hard earned money into the program. So they collected for some days and then allowed withdrawals. Being a ponzi scheme makes them again illegal. Ponzi schemes are illegal in every country in the world. I will give you an excerpt out of the Securities Act (FRAUD IN THE OFFER OR SALE OF SECURITIES Violations of Section 17[a]), so you can inform yourself and see that all I tell is the truth:

    (a) Use of interstate commerce for purpose of fraud or deceit
    It shall be unlawful for any person in the offer or sale of any securities (including security-based swaps) or any security-based swap agreement (as defined in section 78c (a)(78) of this title) by the use of any means or instruments of transportation or communication in interstate commerce or by use of the mails, directly or indirectly—
    (1) to employ any device, scheme, or artifice to defraud, or
    (2) to obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or
    (3) to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.
    Section 5

    (a) Unless a registration statement is in effect as to a security, it shall be unlawful for any person, directly or indirectly
    (1) to make use of any means or instruments of transpor- tation or communication in interstate commerce or of the mails to sell such security through the use or medium of any prospectus or otherwise; or
    (2) to carry or cause to be carried through the mails or in interstate commerce, by any means or instruments of transpor- tation, any such security for the purpose of sale or for delivery after sale.

    (b) It shall be unlawful for any person, directly or indirectly
    (1) to make use of any means or instruments of transpor- tation or communication in interstate commerce or of the mails to carry or transmit any prospectus relating to any security with respect to which a registration statement has been filed under this title, unless such prospectus meets the require- ments of section 10; or
    (2) to carry or cause to be carried through the mails or in interstate commerce any such security for the purpose of sale or for delivery after sale, unless accompanied or preceded by a prospectus that meets the requirements of subsection (a) of section 10.

Fact 3: JustBeenPaid / Profitclicking is offering unlicensed investment products / securities
Every investment offer needs to be licensed and approved. Also every promise of interest payments. JustBeenPaid was clearly advertised as an investment opportunity and they did offer a fixed interest. With profitclicking things changed a bit, but it is still not compliant. They removed all stuff related to investments and they are also not offering any interest anymore. All earnings are now given as $x.xx. Still they are offering the same product as JBP did. They are not the ones who decide if their offer is an investment offer or not. This is up to the SEC. And it is a fact: If you put money somewhere and it makes you money, it is an investment. If they claim otherwise, they have to prove it with numbers. So not being registered makes them illegal. Here is the law excerpt for you to back check:

    Under the Securities Act of 1933, any offer to sell securities must either be registered with the SEC or meet an exemption. Regulation D (or Reg D) contains three rules providing exemptions from the registration requirements, allowing some companies to offer and sell their securities without having to register the securities with the SEC. For more information about these exemptions, read our publications on Rules 504, 505, and 506 of Regulation D.While companies using a Reg D (17 CFR § 230.501 et seq.) exemption do not have to register their securities and usually do not have to file reports with the SEC, they must file what’s known as a "Form D" after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company’s executive officers and stock promoters, but contains little other information about the company.

    In February 2008, the SEC adopted amendments to Form D, requiring that electronic filing of Form D be phased in during the period September 15, 2008 to March 16, 2009. Although as amended, the electronic Form D requires much of the same information as the paper Form D, the amended Form D requires disclosure of the date of first sale in the offering. Previously, disclosure of the first date of sale was not required. The Office of Small Business Policy has posted information on its web page about the filing requirements for the new Form D.

    If you are thinking about investing in a Reg D company, you should access the EDGAR database to determine whether the company has filed Form D. If you need a copy of a Form D filed as a paper filing (which will include any Form D filed before September 15, 2008) that has not been scanned into IDEA, you can request a copy using our online form. If the company has not filed a Form D, this should alert you that the company might not be in compliance with the federal securities laws

    You should always check with your state securities regulator to see if they have more information about the company and the people behind it. Be sure to ask whether your state regulator has cleared the offering for sale in your state. You can get the address and telephone number for your state securities regulator by calling the North American Securities Administrators Association at (202) 737-0900 or by visiting its website. You’ll also find this information in the state government section of your local phone book.

    For more information about the SEC’s registration requirements and common exemptions, read our brochure, Q&A: Small Business & the SEC.

So, now you can bring up the argument: Why should the SEC care, or why should this law apply as JBP / PC are not located in the US? Well, they are not located in the US, but they are carrying out activities to US residents. They are messing with people who live inside the US, and believe me, they don't like that. Financial laws become international laws as soon as you are doing business with any people residing in some country. I can give you an example where the SEC shut down a investment ponzi scheme outside the US: Stock Generation! I give you an excerpt out of Wikipedia:

    The website was run from Dominica, an island in the Caribbean, and the U.S. Securities and Exchange Commission was unable to cite Stock Generation's founders and owners (members of the Russian conglomerate MMM) for securities violations. In late 1999, participants began to experience difficulties in redeeming their virtual shares. Finally, in 2000, the market "crashed". On March 20, 2000, SG unilaterally suspended all pending requests to withdraw funds and sharply reduced participants' account balances in all companies except the privileged company. (Applying "Rule 13" to all participants' accounts.) Two weeks later, SG peremptorily announced a reverse stock split for its highest-yield company, applying "Rule 18", which caused the share prices to plummet to less than 1/100,000 of their previous values, while other shares (including those that were "guaranteed" not to decrease in value) were devalued by 50% to 95%. At about the same time, SG stopped responding to participant requests for the return of funds, yet continued to solicit new participants through its website. [1]

    The SEC then sued in the U.S. District Court for the District of Massachusetts, alleging that the "virtual stock exchange" was in effect a Ponzi scheme[2]. The court ruled in favor of Stock Generation, stating that the site adequately described the market as "a game" not an investment vehicle. The United States Court of Appeals for the First Circuit later reversed the District Court, stating that "the opportunity to invest in the shares of the privileged company, described on SG's website, constituted an invitation to enter into an investment contract within the jurisdictional reach of the federal securities laws."[citation needed] The game was shut down around June 1, 2000.

Another case is the one you can read about here: 6 Pitchmen Who Raised Funds Plowed Into Jeffrey Mowen’s Ponzi Sanctioned By SEC On Heels Of Long-Running Lawsuit; Alleged Offering Fraud’s Advertised Monthly Payout Rate 20 Times LOWER Than JSS Tripler/JustBeenPaid

Fact 4: A patent does not give you any right or legal entity status
A thing the cheerleaders and affiliates of JBP / PC always bring up is the patent JustBeenPaid / Profitclicking is showing on their website. First I want to talk a bit about this patent. They always state that the patent is theirs, which is in fact not true. The patent with the number "6578010" and the international classification "G06F/1760" was developed in June 5th, 1995 by someone called George A. Teacherson, who does for sure not know anything about JustBeenPaid or Profitclicking. The patent was approved in June 10th, 2003. Long time before JustBeenPaid popped up. Another thing you should do is to have a look at this patent. Now tell me one thing: What the heck this has to do with JBP / PC? Right, nothing! The second thing is, even if it was their own patent - what would change? It would still not allow them to ignore laws of countries. They would be still illegal as per the securities act and similar laws which exist in almost every country.

This is the point where I want to end this article. I hope I could open some eyes, or at least give you guys a good base for opening the eyes of other people. Be careful, stay curious!