Is Dr Peter James Hardy’s ‘Online Wealth Generation’ system a scam?
Ok, Online Wealth Generation from the fabulously named ‘Dr Peter James Hardy’ is really doing the rounds at the moment so I thought I’d take a look at this for Insider’s Edge.
So what is it?
It’s billed as a way to beating certain casinos’ so-called ‘random number generators’. Follow the sequence and apparently your odds of picking the right colour playing online roulette increase to 71.4%.
Sounds MAGIC… as do the tremendous profit claims. Hmmm.
Peter explains that all you have to do is deposit £45… or ideally “between £65 and £125 pounds” into his carefully selected casinos. Automatically this sets a couple of alarm bells ringing. Marketers like making big claims – that’s the name of the game. If they make honest claims that can be backed up I see nothing wrong with it. However, the upfront promise from Online Wealth Generation is in my opinion misleading, reckless even because unless he personally owns these casinos and hands you the key to their bank vault it cannot be backed up. Here’s what it says:
“The following method is guaranteed to be 100% risk-free & extremely profitable… you will earn £400 to £600 per day”.
By depositing £45 into an online casino you are automatically risking that money. Yes, some of these casinos will offer you a ‘welcome bonus’ to get you to sign up, but these always come with strings attached.
UPDATE! Does this face look familiar? Click here to see where else this scamster’s cropped up…
How much does Online Wealth Generation cost?
It’s a clever sell because you’re not asked to part with any money for this strategy upfront. You get the system for free when you fill in your email address (it’s sent to you). The payment plan that’s proposed sounds incredibly trusting, perfect even.
So how does the good doctor get paid?
You’re asked to ‘donate’ 5% of your earnings from using the system – sounds fair enough. But something’s amiss here. According to the blurb they claim that “93% of all our users do donate on a regular basis”. Call me sceptical but I doubt if even 60%, let alone 93% of people who sign up to this will even try the system. Although the world is populated with wonderful, trusting people, there are also folk who won’t want to go to the hassle of making regular PayPal payments, or will simply forget.
You might be thinking “well… what’s the harm in just giving it a go?” and to be honest if this was a Betfair strategy or one which involved any of the large online bookmakers I would agree.
However, I’ve been digging around and found some evidence which goes some way to explaining why Dr Peter James Hardy is so unbelievably generous with his system.
How I the good doctor really makes his money
To use his system, Dr Peter James Hardy recommends you use one of the 5 specific online casinos he’s hand picked. These are casinos which I had previously never heard of. So why does it have to be these 5? Apparently it’s all down to the RNS random number generator on which the system is purported to be founded on. This system “only functions on those listed casinos”.
I did some research into these casinos to see what I could dredge up. Nearly all of them are based offshore – partly due, no doubt to America’s strict gambling laws. This isn’t necessarily a red flag, however it does mean that you have to be on your guard. Big time. Why? Because you’re not subject to the same laws are you might be subject to in the UK.
Under ‘terms of use’ for one of these casinos it states: “**casino name** is incorporated under the laws of Antigua and Barbuda and is fully licensed and regulated by the laws of that country for the purpose of operating virtual casino gambling on the Internet”. I’ve blanked out the name here because it would be unfair of me to pick out one. Again, I’m not saying that these are scam casinos, what I am saying is do some research before you even think about depositing your money into any of them. Some people appear to have had trouble picking up winnings with at least two of them, others have had different wrangles, and others seem to suggest the casinos are kosher – though they could well be plants. Be streetwise on this.
I suspect Online Wealth Generation has struck a hefty deal with these 5 casinos. Since you need to create an account with them to try and profit from the ‘so-called strategy’ he would make a very decent income giving this away for free if enough people signed up. I wouldn’t have a problem with that if the system worked. The problem is he’s created an elaborate backstory to get you to open accounts.
You’re also asked to give your name and email address in registration which could be also be a motive behind this one – that he wants to flog you more products by email at a later date.
Avoid this one with 3 bargepoles and small dose of the plague. However this is not a closed shop. If anyone's had a good experience with this do let me know by leaving a comment below.
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