ED Magedson – Founder
Neobux.comApartado 4033 EC SRA. HORA Nationwide United States of America
Most people don't read the long list of terms that come with a website so I just wanted to inform anyone who signs up with neobux.com that they suspend inactive accounts after 60 days and perform what they call a "balance reset" which is just a politically correct term for seizing the money you earned. This includes taking your referrals and all the money they earn for you. They also temporarily suspend your account after 30 days although it's not clear whether or not they seize all your money and referrals in this case. Although the way they word their terms makes it seem likely as they only use the word suspension when speaking of balance resets and taking away your referrals. In addition, they make a point of stating that accounts are never deleted no matter what. Which means they have your personal information including financial along with keeping any money the account would make on it's own from referrals.
In my case the account was temporarily suspended. When I mentioned I was going to inform people about their fine print they threatened to black list me on the internet, and sue me. They then permanently suspended my account. Considering this and the fact they reside in a foreign country out of the reach of US authorities I'd steer clear of investing any time or money in this money making scheme.
This report was posted on Ripoff Report on 12/07/2009 09:30 AM and is a permanent record located here: http://www.ripoffreport.com/r/Neobuxcom/nationwide/Neobuxcom-NeoDev-Lda-Terms-Allow-For-Asset-Seizure-Senhora-da-Hora-Nationwide-535096. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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