250k To invest

DrSyn

PaulD23 wrote: »

My introducer heads an IFA firm and has over 30 years experience.

The programme has been running for over 3 years and has never failed to achieve its contractual obligations.

It's a one year term, but at the end of year one it becomes flexible, which means that funds can be added or taken out at anytime.

Your IFA has over 30 years experience of what exactly?
Giving investment advice, betting or something else?

In a previous post you mentioned a guaranteed 36% a year. So when you write "has been running for over 3 years and has never failed to achieve its contractual obligations" are you telling us that each customer has received a return of at lest 108% over a 3 year period, or do you mean something else?

How have you checked the 3 year claim is true?

Why is it a 1 year term?

Why is it you can only take funds out at the end of one year & not before?

PaulD23 wrote: »

Guys,
What I'll do is to post again in 6 months to update progress.
To date I've been in the scheme for almost 12 months and received my payments each and every month,

Using information from your own posts

You are in the scheme for almost 12 months.

Your Capital =£250k, At 36% a year your return = £90k a year.

So it will take 3 years to determine if the return you are getting was being paid out of your capital or if the return was going to continue.

PaulD23

As I stated prior to investing I carried out many hours of due diligence including meeting guys who had been in the scheme a number of years,who were completely satisfied.

One guy who had recommended his friends and family members actually took out his total investment after the first year just to prove to himself that it was not one of these ponzi schemes .

He then re-invested with total confidence, and because he's been in the scheme for over 12 months can add and take out cash with 24 hours notice.

I've also recommended friends and family members, not all have been accepted but those that have are very happy.

PaulD23

My latest recommendation to the scheme promoter, which was successful was a golf buddy who had taken redundancy and his pension after being in the Steel industry for 35 years.

Last month he received his first monthly payment and had a permanent smile on his face throughout our round. He is willing to share his experience with like minded individuals.

PaulD23

If there are genuine guys who would like to know more come down to Wales for a round of golf, or even a coffee and a chat.

DrSyn

1. How have you checked the 3 year claim is true?

Your answer to this question:
carried out many hours of due diligence including meeting guys who had been in the scheme a number of years,who were completely satisfied.

Answer to all the other questions asked in post #53, None. Why?


2. The words ponzi scheme has only be mentioned by you.Why?

3. I saw a "Find the lady" pitch once. Two shills, encouraged punters to put bets on finding that lady.
Your writings remind me of that experience. Are you a shill?

grey_gym_sock

PaulD23 wrote: »

As I stated prior to investing I carried out many hours of due diligence including meeting guys who had been in the scheme a number of years,who were completely satisfied.

you keep throwing around the term "due diligence", but seem to have no idea what it means. having a chat with a ponzi scheme victim, who doesn't yet realize they're a victim, and so is still happy, doesn't count.

due diligence would involve (among other things) understanding, at a high level, how the claimed returns could be generated. as well as what risks are involved. you've said nothing which even begins to answer those questions.

One guy who had recommended his friends and family members actually took out his total investment after the first year just to prove to himself that it was not one of these ponzi schemes .

that doesn't prove it's not a ponzi scheme. the way ponzi schemes work is that people who take their money out early enough can get paid what they expected, because they are being paid with the money from new members of the scheme. so this is entirely consistent with its being a ponzi scheme.

He then re-invested with total confidence, and because he's been in the scheme for over 12 months can add and take out cash with 24 hours notice.

in which case (and assuming this isn't a fictional person), he is at risk of losing his money again.

I've also recommended friends and family members, not all have been accepted but those that have are very happy.

pretending that an "investment" is exclusive - not everybody is even allowed to buy it - is, of course, 1 of the classic methods used by fraudulent schemes.

ColdIron wrote: »

Go on, admit it, you're a shill and are now just making it up as you go along

this seems like the most likely explanation. (especially given the way that a £250k pension pot was mentioned just after the £250k HNWI criterion came up. quite a coincidence that it was exactly the same figure!)

alternatively, paul could be the victim of a combined ponzi scheme, and perhaps also a pension liberation scam. if the latter applies, then he should expect a bill from HMRC for 55% of the whole pension pot (even if he doesn't actually have most of the pot, due to its disappearing in some scheme).

or both. ponzi schemes typically use their victims to recruit further victims (in return for some kind of payment).

PaulD23

I've tried to be straight and honest in imparting this information and invited any interested party to learn more.

I'm a 65 year old Welshman with nothing to hide, so I'll stop posting now but will post again in 6 months with a personal update.

As for the victim that is mentioned, he's very happy and so am I and my mates.

ColdIron

PaulD23 wrote: »

I'll stop posting now but will post again in 6 months with a personal update.

I wouldn't count on your account still being active in six months time. I notice that the mods have been, quite rightfully, deleting your early posts

dunstonh

There is a horrible smell of bull.... around here.

Mortgagefreeman

PaulD23 wrote: »

This programme is unique to them and is not open to all.

There is a strict process with each prospective investor has to complete to prove that they are either a high net worth or sophisticated investor.

That's how Bernie Madoff used to operate.