Something for nothing?
Posted under: 
Money for nothing is something we’d all like to get a piece of, isn’t it? We’re no different at Scam Detectives HQ so when we got an email inviting us to join Income 4 Free we were, quite frankly, intrigued.
Income 4 Free claim to have a need for 100,000 members to receive a weekly income of $20 (about £13) into a specially created and managed account. That’s $2,000,000 (about £1.3m) per week to be paid out to their members for doing, well, absolutely nothing. It’s free to join and there’s no risk and no chance that you’ll ever be asked to put any money of your own into the scheme. You’ll also earn interest at the rate of 5% a week on the balance of your account.
How does it work?
The (very badly designed) website explains the concept. Spelling errors are verbatim
First it sounds impossible, but if you know how it works, this concept will lighten up your mind.
Our part is to connect as many people as possible to investors that are registered with us.
The investors need to split their money into many, many accounts to brokers all over the world, into almost all different trading categories.
If those investors work without you, their profits will be 5-10% lower then what they could earn with your help.
So they rather can gift the money to a lot of individuals and earn more, instead of investing it into just a few accounts in their own name.
You will hold an account at a specific broker and our team will manage it for you. You do not have to do anything. We do all the work for you.
The only difference is, that you never have to pay anything into that account and you are never responsible for any losses that may occurre in your account. You also will not hold any risk, like many other people do not.
You will get 50% of the gain our team will generate with your account witch is credited with the money of our investors community.
About the website
The public Whois database contains details of the people behind every website address registered. Income4Free.org have chosen to hide these details by using a whois privacy service. However, the Whois data has been changed 14 times since the domain was registered on 28th April 2010.
The use of whois privacy, combined with a total lack of contact details on the website suggests that the owners of the site really don’t want you to know who they are….
So what’s the scam?
In all honesty, I haven’t quite figured it out yet. It could be a money-laundering scam, with proceeds of crime being distributed around the world into different accounts. It could be an elaborate phishing scam, harvesting bank details when you come to “withdraw” your money. They’re offering commissions when you refer your friends to the scheme, which also suggests some sort of pyramid scam. Without joining up and trying it out, I simply can’t be sure, but I am sure that I don’t want to do that as I could end up being implicated in a crime.
One thing is for certain. Free money for doing absolutely nothing doesn’t make sense and seems too good to be true. And as we keep telling you at Scam Detectives, If it seems too good to be true, it probably is!
Our recommendation? Keep well clear!
Editors Note: If someone from Income4Free.org would like to contact me and convince me it’s legitimate, please feel free to do so and I’ll be pleased to set the record straight
My problem with this site is that I can no longer access the site. I tried to log in but it is not available. Have they shut down or changed their url? Any way it is not good as they associated with liberty reserve, because liberty reserve is another payment processor that specialise in stealing peoples money gradually. Liberty reserve is a bad and risky payment processor to deal with. Everybody should stay clear of both income4free and libertyreserve. They are both scams and thieves.
Hi guys.
I registered it on may 2010.
A few weeks ago, I checked my account, it was less than $900.00.
Today, I logged in and checked it again, it was already changed and going back to $0.00.
Income4free is not what you want. They only got what they want from you.
Thanks for reading it. Take Care.
Yeah my account was also wiped clean, but oh well no MF money came out my pocket for this so i’m good, also http://www.incapital.biz website is down now so maybe are money will end up there someday so keep checking both sites.
Hello everyone,
Same thing here. Had over $2000.00. Checked yesterday. It was zero’d out and it read “you have earned $2000.00 bonus in the Account Liberty Reserve.” Tried to make deposit. It would not work with any amount. Checked past year deposits and nothing came up. Same thing today. Will check Incapital.biz for a few weeks to see if money was transfered. Good thing I never put in any of my money.
Good Luck to everyone.