Debit Direct ponzi scheme bilked Canadians out of millions.

[Thiel]

They offered passive returns on investments in pos machines. It operated out of Barrie, Ontario and was run by Charles Debonno, Jim Gaudry.  Brian Coneybeare and Henry Wilkenson.



My cousin and her husband invested $60,000 last year. They were receiving a monthly return until the con artists pulled the pin  and ran.



Contact Detective Michael Streng (or his partner Detective Wilson) at Toronto Police - Financial Crimes Division 416 808-7300 if you were a victim.

[Thiel]

I knew this was a scam the first time my cousin asked my advice about it. Only the tiniest mom and pop stores pay debit surcharges anymore.

[Anonymous]

I never heard anything about this Thiel.

 ac_dunno

[Thiel]

I never heard anything about this Thiel.

 ac_dunno

Debit Direct may have taken $30 million dollars before they ran away with investors money. Most investors were not rich. They were just average people looking for a reasonable return. Many planned to use monthly returns for their retirement.

[Anonymous]

I never heard anything about this Thiel.

 ac_dunno

Debit Direct may have taken $30 million dollars before they ran away with investors money. Most investors were not rich. They were just average people looking for a reasonable return. Many planned to use monthly returns for their retirement.

How did it work Thiel?

[Thiel]

I never heard anything about this Thiel.

 ac_dunno

Debit Direct may have taken $30 million dollars before they ran away with investors money. Most investors were not rich. They were just average people looking for a reasonable return. Many planned to use monthly returns for their retirement.

How did it work Thiel?

Debit Direct charged something like $3000 per debit terminal and promised investors 15 cents back on each transaction plus one dollar per  cash back. In their contracts they agreed to be responsible for all maintenance of the machines for the life of the renewable five year contracts. Investors received a monthly report how their machines were dong and had their fees deposited into their accounts.



But, Debono and co up and left town about six weeks ago.  There is also no record of where the machines are.  They were takiing huge sums of money from trusting investors, giving small amounts back each month to get their trust, and sell them more machines that don't exist. Once they had millions they left for Panama or some other place outside of our justice system. And the kicker is this is not the first time that scammer, Charles Debono has been behind a scam like this. A few years ago, it was Profit Express.



Debit Direct has been advertised on legitimate sites like Franchise Direct Canada. You can read more about it on Red Flag Deals, Entrepreneurship & Small Business forum.

https://forums.redflagdeals.com/debit-direct-canada-franchise-2056591/2/">https://forums.redflagdeals.com/debit-d ... 2056591/2/">https://forums.redflagdeals.com/debit-direct-canada-franchise-2056591/2/

[Anonymous]

I never heard anything about this Thiel.

 ac_dunno

Debit Direct may have taken $30 million dollars before they ran away with investors money. Most investors were not rich. They were just average people looking for a reasonable return. Many planned to use monthly returns for their retirement.

How did it work Thiel?

Debit Direct charged something like $3000 per debit terminal and promised investors 15 cents back on each transaction plus one dollar per  cash back. In their contracts they agreed to be responsible for all maintenance of the machines for the life of the renewable five year contracts. Investors received a monthly report how their machines were dong and had their fees deposited into their accounts.



But, Debono and co up and left town about six weeks ago.  There is also no record of where the machines are.  They were takiing huge sums of money from trusting investors, giving small amounts back each month to get their trust, and sell them more machines that don't exist. Once they had millions they left for Panama or some other place outside of our justice system. And the kicker is this is not the first time that scammer, Charles Debono has been behind a scam like this. A few years ago, it was Profit Express.



Debit Direct has been advertised on legitimate sites like Franchise Direct Canada. You can read more about it on Red Flag Deals, Entrepreneurship & Small Business forum.

https://forums.redflagdeals.com/debit-direct-canada-franchise-2056591/2/">https://forums.redflagdeals.com/debit-d ... 2056591/2/">https://forums.redflagdeals.com/debit-direct-canada-franchise-2056591/2/

That is so unfortunate your cousin along with other Canadians were victims..



And the fact that one of the people behind it has a history of fraud makes his victims even angrier..



I hope justice is served this time and it sends a message to other would be swindlers.

[Anonymous]

I never heard anything about this Thiel.

 ac_dunno

Debit Direct may have taken $30 million dollars before they ran away with investors money. Most investors were not rich. They were just average people looking for a reasonable return. Many planned to use monthly returns for their retirement.

How did it work Thiel?

Debit Direct charged something like $3000 per debit terminal and promised investors 15 cents back on each transaction plus one dollar per  cash back. In their contracts they agreed to be responsible for all maintenance of the machines for the life of the renewable five year contracts. Investors received a monthly report how their machines were dong and had their fees deposited into their accounts.



But, Debono and co up and left town about six weeks ago.  There is also no record of where the machines are.  They were takiing huge sums of money from trusting investors, giving small amounts back each month to get their trust, and sell them more machines that don't exist. Once they had millions they left for Panama or some other place outside of our justice system. And the kicker is this is not the first time that scammer, Charles Debono has been behind a scam like this. A few years ago, it was Profit Express.



Debit Direct has been advertised on legitimate sites like Franchise Direct Canada. You can read more about it on Red Flag Deals, Entrepreneurship & Small Business forum.

https://forums.redflagdeals.com/debit-direct-canada-franchise-2056591/2/">https://forums.redflagdeals.com/debit-d ... 2056591/2/">https://forums.redflagdeals.com/debit-direct-canada-franchise-2056591/2/

It seems pretty fishy. Lots of suckers out there.

[Anonymous]

I wouldn't call trusting souls suckers or greedy..



From a Google search, they were attending franchise shows and had no complaints on BBB..



But, that was because they hadn't been around very long under their new name.

[Angry White Male]

Why does everyone hate on him?



http://4.bp.blogspot.com/_VakYJSeOlXc/SX9z18w3ukI/AAAAAAAAAz0/Fk_JsIRfHbg/s320/Picture+6.png">

[Anonymous]

Why does everyone hate on him?



http://4.bp.blogspot.com/_VakYJSeOlXc/SX9z18w3ukI/AAAAAAAAAz0/Fk_JsIRfHbg/s320/Picture+6.png">

What are you doing Mel?

[Angry White Male]

What are you doing Mel?

Having a beer, listening to some music on my new cans, and now posting here!



What are you doing?

[Anonymous]

What are you doing Mel?

Having a beer, listening to some music on my new cans, and now posting here!



What are you doing?

I was discussing this fraud with Thiel..



Now, I'm finishing my Sunday evening chores.

[Angry White Male]

Nice!  I take care of my chores earlier in the day, so they don't cut into my beer drinking time!

[Anonymous]

I never heard anything about this Thiel.

 ac_dunno

Debit Direct may have taken $30 million dollars before they ran away with investors money. Most investors were not rich. They were just average people looking for a reasonable return. Many planned to use monthly returns for their retirement.

How did it work Thiel?

Debit Direct charged something like $3000 per debit terminal and promised investors 15 cents back on each transaction plus one dollar per  cash back. In their contracts they agreed to be responsible for all maintenance of the machines for the life of the renewable five year contracts. Investors received a monthly report how their machines were dong and had their fees deposited into their accounts.



But, Debono and co up and left town about six weeks ago.  There is also no record of where the machines are.  They were takiing huge sums of money from trusting investors, giving small amounts back each month to get their trust, and sell them more machines that don't exist. Once they had millions they left for Panama or some other place outside of our justice system. And the kicker is this is not the first time that scammer, Charles Debono has been behind a scam like this. A few years ago, it was Profit Express.



Debit Direct has been advertised on legitimate sites like Franchise Direct Canada. You can read more about it on Red Flag Deals, Entrepreneurship & Small Business forum.

https://forums.redflagdeals.com/debit-direct-canada-franchise-2056591/2/">https://forums.redflagdeals.com/debit-d ... 2056591/2/">https://forums.redflagdeals.com/debit-direct-canada-franchise-2056591/2/

Most franchises that are not a known brand have no interest in investors success. I kn