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Anybody heard of GSi?

ibzy
ibzy Posts: 4 Newbie
in Savings & investments
Hi all,

my father has received a leaflet from a company called GSi which boasts a return of 93K from an investment of 2K over a three year period. It seems to be a software package which is based on the stock market and sounds too good to be true. Any advice?

thanks in advance.
«1

Comments

  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Throw the letter in the bin and report the company to trading standards?
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • dougs
    dougs Posts: 617 Forumite
    ibzy wrote: »
    sounds too good to be true.

    then it usually is!

    Do a google search for GSI scam and you will find that this is exactly that, a scam.
  • dunstonh
    dunstonh Posts: 120,290 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Known scam. Avoid it.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • RayWolfe
    RayWolfe Posts: 3,045 Forumite
    1,000 Posts Combo Breaker
    Funny first post!
  • dunstonh
    dunstonh Posts: 120,290 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    RayWolfe wrote: »
    Funny first post!

    ahh, that makes it look more like a spam on a scam then. :D
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • RayWolfe
    RayWolfe Posts: 3,045 Forumite
    1,000 Posts Combo Breaker
    Ah, but is a spam can containing jam a scam? ;)
  • ibzy
    ibzy Posts: 4 Newbie
    Thanks to everybody except raywolfe, why even reply if not helpful???

    This is my first post and it is aimed at stopping my father losing his money, we looked online and saw GSi as one of the editor's top choices on a website before posting, here is the link...
    http://www.sharesweekly.co.uk/creditcrunch.html

    we could not find any info on it being a scam but I thought this would be the ideal place to get some good advice.
  • RayWolfe
    RayWolfe Posts: 3,045 Forumite
    1,000 Posts Combo Breaker
    So "interesting first post" is somehow, not helpful. Or DO you have another agenda? Just curious.
    If it was not spam by you, I hope the tone of my reply indicated my thoughts. If not, let Sharesweekly be your guide.
  • Linton
    Linton Posts: 18,362 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    ibzy wrote: »
    Thanks to everybody except raywolfe, why even reply if not helpful???

    This is my first post and it is aimed at stopping my father losing his money, we looked online and saw GSi as one of the editor's top choices on a website before posting, here is the link...
    http://www.sharesweekly.co.uk/creditcrunch.html

    we could not find any info on it being a scam but I thought this would be the ideal place to get some good advice.

    Is ibzy a scammer or merely reporting a scam. I suspect the former.

    I have never heard of "shares weekly". If it exists why does the front (and only) page article on the web site recommend GSi and then give a report on US utilities apparently lifted straight from a piece in MS Money?
  • ibzy
    ibzy Posts: 4 Newbie
    blimey guys, remind me never to post on here again!!!
    Raywolfe your first response was 'funny first post' not 'interesting first post' as you later state. Linton I am 100% not a scammer I just wanted information.

    We have come to the conclusion , whether rightly or wrongly, that the sharesweekly website is part of the scam as when we looked into it deeper there only seems to be the one website page no matter which link is pressed. We are either going to burn the leaflet or pass it on to trading standards, but we are certainly not going to spend any money on it.

    Thanks for nothing you crazy over suspicious people!!
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