“Ping” Programs, Are they Real or Not?
Every day we speak to investors who expect to leave money in their account, and collect huge profits from private placement investments. Where did this false expectation arise from? As usual, it was created by misinformed private placement brokers who wanted to increase the number of new applications. Unfortunately, it did just that, while also creating a false expectation for new clients with interest in private placement.
The idea behind a “PING” private placement program is that the client leaves the money in their own account, and the trading bank checks on it to make sure the full balance is still available. This verification of the funds by the trading bank is referred to as “PINGING” the account, and supposedly is done on a daily or weekly basis to ensure the balance remains stable. This is also the same premise behind an “administrative hold”, which many inexperienced brokers will refer to as well.
For many of the beginners in the business this may make sense in theory, but the problem is simple, THERE IS NO COLLATERAL IN PLACE. For the trader to be able to access discounted bank instruments, they must have liquid collateral to purchase the notes. This liquid collateral MUST be derived from the client’s assets, which are usually blocked or conditionally assigned to the trader for the period of the trade. Once the assets are blocked or assigned to the trader, they can access a line of credit against the client’s collateral, and start trading on behalf of the client to generate profit. Since “PINGING” the account leaves the client’s funds unencumbered and no assets in favor of the trader, the bank will NOT give the trader a line of credit, and therefore, the “program” will more than likely produce excuses, rather than returns.
The fact is, private placement traders always need a form of collateral to access a line of credit, and a “PING” structure does not provide this. Without this line of credit, the bank instrument is never “cut” and trading will never begin. Despite what you are told, EVERY investment has a degree of risk to it, and typically the investments which offer higher potential returns, have higher levels of risk as well.
If you are a reader, and have closed a “PING” transaction in the past, please post your experiences, but after 7+ years of consistent effort, we feel this structure is nothing more than a sign of future disappointment.
InsideTrade LLC Staff
(412) 235-2855
They are right, I have tried to place clients in several ping programs, and none of them have ever worked. MT 760, MT 700, or transferring assets is the only way to get a deal done.
Good luck everyone, and shoot me an email if you are interested in working together. We work in private placement, gold, and crude oil deals.
fgertry11uk@yahoo.com
Damn good job on the private placement program section guys! Im looking forward to articles for the other categories on your site….
Keep em comin….
Gary
Has any one heard of a an Evergreen PPM (ping)? We are dealing with an investor who claims to be in a high yield program and will fund our patented technology within 30 days. I think the above explanation covers it but continue to hear there are some programs that have been very successful and somehow get by the pinging process.Thanks
blockquote cite
Hello Wayne,
As you can see by our article, we have not been successful despite 7 years of efforts. Though this has been our experience, it doesn’t mean you will encounter the same obstacles. If you choose to explore any “ping” programs, DEMAND PROOF of past performance and make sure the “trader” clears your due diligence process.
If you move forward without taking the proper precautions, you will be “rolling the dice”, which is never good, especially with the odds stacked against you as they always are in the private placement business.
Thank you for your comments, and please add more to our growing community when you can. We always welcome questions, and enjoy helping others, especially the readers who post!!!
Thanks for our response. This is truly one of the most confusing financial plays we’ve ever seen. Purportedly some 99% of these platforms don’t pay out or are scams of one kind or another.
What happens to the money that is deposited? 1.Does the investor ultimately get his money back? 2.Does he lose it? If the latter, how is it not out and out fraud.
If the former, it would seem that the bank itself is scamming the investor by using his money during the ‘period’ with impunity and then saying ’sorry, the trade didn’t happen’. Given the 99% failure rate, that too reeks of scam on the part of the banks.
Who initiates the information and dates for the trade?
In our case Barclays, Deutche Bank and other major international banks have been involved and have discussed it with principals. The ‘next week thing has been going on for three years’ One person flew to and stayed in Hong Kong for 4 months waiting for meetings with bankers that never occurred. The same person has had repeated contact with people from the Fed and major banks.
The Treasury Dept says these programs do NOT exist. And yet there is proof that they do but are seldom ‘real’? It would seem that the Treasury Dept is misleading the investment world as well.
A great deal of work goes into the structuring of business opportunities that have redeeming social value to qualify for the alleged investment. Thus the chain often involves a number of people who invest great amounts of time and energy as well.
While transparency is clearly not in the immediate future, it has reached the point in the sheer number of bright people and work involved that some kind of explanation is required. wu
Hi Wayne,
In my opinion, “ping” programs are usually created and represented by misinformed brokers. The problem with me on the topic is simple, how does the trader get the credit line against collateral that has not been encumbered? The answer is simple, they don’t. Banks need collateral in place which can be seized and liquidated upon default from loan terms. The “ping” program does not offer this, and therefore, most of these “programs” are rarely worth your time.
Thank you for your post!
That goes to the heart of the problem as we see it. If collateral is encumbered it cannot be seized and liquidated upon default from loan terms. And yet on your site someone says the programs do exist. We cannot reconcile the two positions. In your opinion do they exist, at all? Thanks
[...] will make it simple for you to understand, PING programs NEVER WORK. No bank will extend a line of credit to a trader that has no client collateral client [...]
We have a PPP trader that says a $1M account with an "administrative hold" can be leveraged to secure 100M in 30 days by roll over trading.. Sounds Fu–ing crazy to me, but my investor seems hell bent on trying it… Has anyone out there seen a successful transaction like this? He was involved in another platform and just before he could get a compliance package, the platform closed.. I think this really made him go after the second opportunity… The whole thing smells bad to me…..
Kyle J.
Asset Procurement Group, LLC
any one heard of walterconroy working out of hong kong
Hello all. Does anyone have any idea what J.S. Kim's Money Ping strategies might be? And also, can anyone please point me to some good educational materials regarding seasoned funds? Much obliged.
forex automated account…
I think I will stick to picking my own stocks. I’ m looking at buying stock in the BioMed industry through a company called Mentor Capital (MNTR. PK), who has acquired a 20% claim in Quantum Immunologics (QI), a privately held company with FDA approv…
I worked in the private placement business for a little while and this crap is everywhere. This article explains it all. Once again good job insidetrade, i am going to give you guys a call sometime soon.
[...] This term refers to a type of private placement program which allows investors to leave funds in their account, while the trading bank verifies the full [...]
[...] “Ping” Programs, or “Administrative Holds”: Private placement “ping programs”, or programs that require administrative holds, are everywhere but rarely ever work. The problem is [...]
[...] Most of the assets that people try to apply with CAN’T be used for any REAL private placement program. These include ITR’s (Irrevocable Trust Receipt), SKR’s (Safe Keeping Receipt), T Strips [...]
[...] you go to government fraud prevention sites, they say that private placement programs don’t exist, but when you read forums and speak to the brokers and traders, they say they do. Who [...]
And yet there is proof that they do but are seldom 'real'? It would seem that the Treasury Dept is misleading the investment world as well.
You are right! They are seldom!
The ping programm does exist! We helped some clients to put in trade $1M.But it is close to zero to finde a contact like this.Maybe I can help but You have to prove Your seriousness to me VERY HARD!
We have seen it but it was last year.And it is closed.
“Ping” Programs, Are they Real or Not?
I do not agree with all statment in this article.But as I said it is rare.
I have also heard that PING programs can work, but it is very rare to find a contact who can achieve this. Also, you must have a lot more than 1M to apply. Thank you for your insight “sulevss”, we always appreciate any information that helps our community of readers.
you must have a lot more than 1M to apply
Not at all! We hat put some of our clients $1M in a program.Thats why I said that pinging is working.It is not a quess It is knowlege.:)Clients with big money is not easy to finde.:)
Ping program is working and name for that program is Bullet Program.
http://us.my.alibaba.com/product/ma_manage_produc...
some useful info is here
[...] placement program Private Placement PING Programs, Real or Not. | InsideTrade LLCPing programs are the newest thing to the private placement business, but the problem is, they are [...]
Has anyone dealt with Cohen Commercial Equity? They are offering us some kind of 5 times Bullet trade deal. We need to put 10% of the amount we request in our bank account with an administrative hold while they do the deal. the deal based on $1M can generate about $4.5M in 3-4 weeks which can be reinvested for another go round. They talk about the pinging of the account. They charge a legal fee held in trust and refundible upon completion and also a similar amount (both in about range $15,000 each) non-refundible to put all paper work together and do deal. At completion supposedly you make enough for your deal after all their fees and some percentage take out. We have a real environmentally Greentech project needing $14M with $8.8 M annual profits upon completion of our project. But we have not been able to find any real Greentech investors. We know our project is real but there are a lot of scam out their that emulate real investors.So far we have lost 6 months trying and have unearthed some real scammers that even bankers and lawyers could not detect. Anyhow if anyone has a lead on real money for a real project let me know. We are looking to convert waste plastic to diesel fuel. Ready to go. Let me know. kbowman1@telus.net or (604)351-2742
Cohen Commercial Equity has a excellent track record with Trade Platform Groups,Hard Money, with reliable Investors. I am aware of several projects funded with this Group. Beware, many Brokers offer quick scam offers, but Cohen Commercial Equity is the real deal. Hope this helps.
Is anyone Looking for a Real Program at this point? If so, Have an EXCELLENT DEAL, looking to close by this coming Wednesday. A Swift Fee of $250K, which can be paid by 1 or more entities collectively or individually. We can break the $250K down into 2 or 3 individuals to participate. (Direct to PLATFORM, so no CHAINS! Me and the PLATFORM!) Also we have a Performance Bond to Insure the $250K as well. Only Serious takers. Let me know! abundantbank@gmail.com
Robert, are you a broker and where are you located?
Thanks.
It seems that no matter where I go for any type of funding, I am still confronted with those dreaded upfront fees……or better yet DUE DILIGENCE FEES!!! Is there anyone out there willing to take my deal with NO UPFRONT FEES has stated on most if not all websites? I can say that Cohen Commercial Equity was the only firm who actually got my deal funded after the LOI was issued has agreed. I have heard that Cohen Commercial is the only legitimate Private Placement Group around with an excellant track record. But of course they too have those dreaded upfront fees…..I guess its just part of the business. Please call me when you find a financial group with no upfront fees. Victor @ 510-751-3698
I have a deal pending with Cohen that began in January and still has not closed. Any info you have that will assure me they are legit would be greatly appreciated.
As stated by Inside Trade…there are very few Ping Programs that work precisely for the reason stated…lack of collateral…however I have been successful on 2 separate transactions as I found a real platform that has substantial assets and uses the ping as a POF (if you will) and internally leverage their own capital to access the LOC…there are no 150000% returns but they did in fact deliver…although somewhat different…because we are an affiliate direct to the bank my client did not have to deal with the preverbial daisy chain…my client had a $300M SBLC, which the group monetized in 7 days and my client received $100M self liquidating….there was no swift involved…the bank only pinged the account the instrument was lodged in after the client cleared compliance….hope this helps….
By the way….BEWARE OF UPFRONT FEES AND OFFSHORE FOUNDATIONS!!!!!
BEWARE!!!!!!! Do not do any business with Superior Funding Solutions or Top Notch Funding with Jaime Cox or Kelly Coronado they are scammers looking for their next prey. They state that they can produce BCL along with tear sheet to UNICREDIT BANC and they have a fake investor by the name of Letarrio Maurice Green (LMG Investment), they are all in the scam toghter and are not to be trusted. I can personally show you the fake Euroclear and BCL they simply cut and paste to receive funds. If you have any questions please email me at n2getnpayd@comcast.net
In Regards to Jaime Cox / Superior Funding Solutions, in my earlier post about BEWARE!!! I must state that my mistake on this matter was adding Jaime Cox / Superior Funding Solutions to this group of scammers, I was misinformed on this and need to clear Jaime and his company and any wrongdoing, fraud, or any type of bad business. Superior was simply doing their job as requested and unfortunately got pulled in some very bad situations. If you have any questions or concerns with Jaime Cox or Superior Funding Solutions please do not hesitate to contact me at n2getnpayd@comcast.net
In regards to the above post with Jaime Cox and Superior Funding Solutions, I have made a mistake and would like to clear his name from any connection with Kelly Coronado and Letarrio Green, Jaime Cox is not affiliated with the group and has no knowledge of this unfortunate transaction. Please email me if you have any questions or concerns at n2getnpayd@comcast.net
Any one of the trade posting is not clearly explain the trade.Trade always deals with real meterials and bank instruments or liquid fund.just purches and sell in higher valume that means higher ends.
thats all.
profit based on cumilative profit.
with regards
H.Najjar
Trade Manager
Pat
Have you had any closure to your deal with Cohen Commercial Equity, I to have a project that we were considering them to handle for us. Please let me know how it came out. You can reach me at chuckshirley@sbcglobal.net
Thanks
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