Uinvest

bugbyte_2

Jegersmart wrote: »

I will leave you to bask in the familiar comfort of having your views reinforced by like-minded posters

J

When lots of people agree its usually because they are right.

Jegersmart

bugbyte wrote: »

When lots of people agree its usually because they are right.

Look, I have never said you are wrong. What I am saying (this is now the 7th time or so in these two threads) is that I personally think it is foolish to not even bother to look into opportunities when they arise.

Everything else is just smoke and mirrors, there was one poster in the other thread suggesting he would bookmark this thread and come back in 2 years etc etc....

Why is it so hard to be objective and read and understand what is written in these threads?

J

HyipCouncil

Hello. I work with online hyips.
Although Uinvest stands a little different I think they are too a pyramid scheme like all the hyips, a bit disguised. In some cases, you can make money with them if you know what they really are and do.

Biggles

canucrackit wrote: »

I recently came across a website called uinvest that you can choose companies to invest shares in through them, and they offer companies and tell you the projections. After endless googling I am no closer to finding out if this is a legitimate company or not, some say it is and some say its not. Is there any way to find out? It's got a registered address in america and a few scans of certificates, and many members who are investing if that is anything to go by. Its company is based in Ukraine but accepts payment methods like paypal. How can I tell? Many thanks guys

So, in other words it offers nothing that isn't offered by legitimate UK brokers, and probably has significant disadvantages.

I'm not sure why you're even asking the question.

bugbyte_2

HyipCouncil wrote: »

Hello. I work with online hyips.
Although Uinvest stands a little different I think they are too a pyramid scheme like all the hyips, a bit disguised. In some cases, you can make money with them if you know what they really are and do.

Hi, I'm interested in knowing how you work with hyips - do you expose them or invest in them? Although I would never invest in one on moral grounds - you are knowingly stealing someone else's money - I find the concept, and denial of the participants intriguing, especially how they have to ramp it to stop them loosing money themselves.

This one is in my mind is absolutely a hyip.

Think about this - A Ukrainian hotel needs to raise a very modest £200,000. It borrows it from UInvest at 20% pm (643% pa*). After 1 year, the hotel would owe uinvesters £1,286,017 in interest - well over £1 million! How could a hotel service that kind of dept out of its profits generated on the increased business from the £200,000 spent? - Simple answer - It can't.


* For comparison, HSBC loan at 5.9%, Wonga at 4214%

Ark_Welder

[STRIKE]Spam the ponzi scheme recruiter[/STRIKE]

Plus, apologies for the grammar in the later post. I was getting far too enthusiastic...

jimjames

Ark_Welder wrote: »

Spam the ponzi scheme recruiter

Always nice when someone trys that on. I wonder what happens when the $160 from his $1200 runs out. That's not many months it can carry on for!

Ark_Welder

jimjames wrote: »

Always nice when someone trys that on. I wonder what happens when the $160 from his $1200 runs out. That's not many months it can carry on for!

Probably fewer months than expected too. After deduction of the 10% fee on monthly 'earnings'; potentially a 4% finders-fee to whoever recruited them into the scheme in the first place; an unspecified fee (leastways, in advance of joining) for withdrawing cash from the scheme; fees payable to the preferred eCurrency facilitators for receiving transferring real money into toy currencies (one company registered in Costa Rica, the other via Quebec to a virtual office in London - although it now has a different name - with this latter company having a shareholder that is a Belize-registered company). Neither are authorised credit institutions in the EU). It's OK though: the toy currencies are backed by USD or EUR (please don't ask why these genuine currencies - whatever their faults might be - can't be used instead...). And account transfers are made via 3rd-party (or is it now 4th?) exchange providers, some of which are conveniently registered in Nigeria.

I am tempted to join. Not in the expectation of getting a return, just for the entertainment value. Bit like buying a packet of ciggies, really. Goes up in smoke either way. The only thing putting me of (Guffaw!!!) is that I might have to hand over genuine details - although that might be fun to try from an anti-money laundering perspective...

Now there might be something legitimate in here somewhere that I've missed: this is the result of only cursory due diligence.

gadgetmind

Ark_Welder wrote: »

And account transfers are made via 3rd-party (or is it now 4th?) exchange providers, some of which are conveniently registered in Nigeria.

Hey, we shouldn't let such thing put us off looking at such opportunities when they arise. At least that's what I think Jegersmart was saying.

Of course, time will tell, and we'll know who was too cautious, who was smart, etc.

bugbyte_2

gadgetmind wrote: »

Of course, time will tell.

Well, time has told.

Last month Liberty Reserve, the anonymous payment system used by Uinvest, was taken down. Clicky.

UInvest reacted by creating Financial Partners (FP's) from willing investors who for a % fee use their own personal PayPal accounts to carry out transactions on behalf of UInvest. The money is then credited in their UInvest accounts, but now Liberty Reserve has collapsed there is no way FP's can access this money. Effectively a form of money laundering.

In short, UInvest does not appear to be paying out anymore and is using FP's bank accounts to continue the scam whilst they scarper.

Further Information.

EDIT - Just to say UInvest's own forum has gone into meltdown. Interesting reading but surely they would have known this was going to happen.