Alliance Systems Review
Is Alliance System a scam? Or is this a real check processing site?
Check processing can be very lucrative as long as the company is not a fraud or scam situation.
Before you decide to join, you should read this review in entirety.
Owner: WHOISGUARD, INC.
Price: $400-$700 investment. (These will be your start up fees: becoming incorporated & opening bank accounts)
Scam or Legit: We will find out.
Getting Started with Alliance Systems
“We are a comprehensive check processing provider focused on solving universal payment acceptance challenges for clients to help them remain current, competitive and profitable in a rapidly evolving marketplace.”
You might be asking what does this mean? Alliance Systems claims to have business clients that need to have cash funds. Your job or business opportunity with Alliance systems will be to open 5 different bank accounts and manage the checks deposited into those accounts. The clients will need cash funds for their day to day operations.
The process seems to be totally legitimate from the start.
- You have to apply online.
- Alliance Systems does a background check.
- Once approved sign a contract with Alliance Systems.
- Open 5 bank accounts
- Start managing bank accounts.
Seems pretty simple, their website says you will only really need to work 1-2 hours a day. Something seems off about this company.
Checks you deposit and how you will be paid
It does not cost much for an initial investment with this company, but will you be paid legitimately?
Alliance Systems states that you will be paid 5% for all the check holdings you have deposited in your bank accounts. All you have to do is process the checks the way the agreement states when you signed the contract.
So, if you processed $50,000 in checks for the month you would receive 5%, which is $2,500. Not bad for not having to do much work.
Alliance Systems claims they will pay out every two weeks for all the check processing you do.
The checks you will be depositing into the bank accounts you set up are RCC. These type of checks are generally used in FRAUD.
If the checks are fraudulent the bank will not be able to tell until the victim reports the fraud.
When the checks turn out to be fraudulent, Alliance Systems will not be charged but YOU will.
Alliance Systems will be considered a 3rd party, they will be untraceable. When the Federal Reserve comes to get the money back. They will be coming to the bank accounts that deposited the checks. That’s you!
It gets even uglier
Depending on the total amount of the checks you deposited into the accounts you set up, that is how much you will owe the bank. This amount can depend on how quickly the victim finds out their money was stolen. It could be over 200,000 dollars you owe to one back. (and think you created 5 bank accounts)
This could potentially bankrupt you, take all your assets, your home, and even JAIL TIME.
How do I know these checks are fraudulent?
The bank account numbers on the checks are stolen. When you research into the account, you will find it is either someone who works from home or had their bank account information stolen.
Before you incorporate, you should research each and every check. Look up the address and you will find out just like I did that it is someone’s home and not a business.
What you are really doing in stealing someone’s money, clearing it through your bank accounts, then sending it back to a company that cannot be traced! You’re providing stolen money free and clear.
Wait, can this get worse?
Yes, this can get much worse for you. Besides that fact that when you get caught, you will owe the bank a ton of money that you do not have, you are also about to be the victim of the scam yourself.
You provided Alliance Systems with your bank account information when you signed up. Now, all they have to do is create RCC checks from your bank account, send them to someone else who signed up to be a partner. And, now all your money is gone as well!
That silly little background check they ran on you was to get your Social Security number.
Now, Alliance Systems has your social security number they can begin opening credit cards in your name ruining your credit. Or, they might just sell your Social Security number to someone else and let them ruin your credit.
This company will not disclose any of the important information you need to be in the check processing business.
They will not tell you the check return rate.
They will not disclose any risk management information to protect you from fraud.
Please, whatever you do, do not fall for this scam. You might possibly ruin your entire life.
- Jail time
- Will have to pay all money back to the banks.
- Credit will be ruined
This is a scam.
Need a real business opportunity. Read the review below and make sure this is the right opportunity you are looking for.