Tramita Funds has finally closed its door for good and disappeared without a trace. If it were not for an empty website and registered domain name, one would assume the company had never existed before. Some questions on the minds of its many investors have been left unanswered. Late last year, Tramita stopped communicating to its investors and redemption requests were unfulfilled.
We tried contacting the company for some answers via phone and email to no avail. This left us wondering if ... Read Full Story
On October 17th, 2007 we initially warned of a potential investment scam called Pathway-2-Prosperity operated by a man named Nick Smirnow based in Canada. (Original story can be found here.) At the time, there were many supporters of this “investment” as can be concluded from the comments left by its members. About a [...]a
Pathway 2 Poverty, The Disappearance of Nicholas Smirnow? Read Full Story
In April of 2008, we wrote about HugeROI and their plans in revamping the website and offering their own in-house investments to the members. A year later and the contents of their homepage has not changed, except for the announcement that the “new HugeROI is around the corner”.
If you missed it, the revamped website came online in early fall of 2008. HugeROI did offer some investments with incredible returns. Maybe you have seen this message from one of their founders, Clifto... Read Full Story
It seems like the marketing buzz words in the past year for money making systems were filled with such things as “autopilot” and “robots”. Be it such areas as online marketing, stocks or the foreign exchange. The latest one to be unleashed is the FapTurbo system released in early November of 2008. If you haven’t seen the marketing video, check it out below and to follow is our review of this product.
Click here to read more about FapTurbo!
Does this “r... Read Full Story
Andrew Lahde the 37y.o. manager of a small California hedge fund, Lahde Capital, made a killing last year betting on the subprime collapse. Last month, he called it quits after the fund had amassed a whopping return of 866% in a little over a year. Tired of the stress, he closed the fund.
On October 17th, Lahde passed along his “goodbye” letter, a biting “F-you” message to the financial establishment, hedge funds, government and privileged “prep” school kid... Read Full Story
We wrote about the litigation initiated by the SEC against GlobalOnlineDirect a year ago in July 2007. As predicted, when the government gets involved issuing a cease and desist order for these types of online “investments”, any hopes of recovering lost money for the majority of the investors is only wishful thinking. The biggest losers are usually the small investors, and the biggest winners are the hired hands that the government has on the payroll to supposedly recover the m... Read Full Story
It is official. We are putting Worldlpp.com and Worldlpp.net into the scam category. Numerous attempts to contact the admin, Conrad Addison, and the company itself have been fruitless. It appears that the program had run away with the investors’ money, shut down the sites and no longer communicating with their investors.
The last email sent out from Worldlpp.net was rather ominous. It was purporting to be from an employee of ITConsultinglive.com on behalf of Worldlpp because Conrad Addiso... Read Full Story
A question often asked by our readership is where we come up with some of these alternative investment ideas. Well, besides being bombarded by a ton of financial related snail mail and newsletters, we get quite a bit of investment newsletters that we are subscribed to. If we see something interesting, we will take a closer look and write about it.
Unfortunately, we also get a ton of unsolicited emails regarding investing opportunities as well. Some are either promoting their programs or a... Read Full Story
It was just a matter of time before one of the state securities commission would take a closer look at the Pathway-2-Prosperity network. The question now is how much longer will they stay online? Do not think for a moment that this is an isolated investigation.
If the ND Securities believes that P2P is operating illegally in their state, other states will follow suit if there are investors within their borders promoting the program. Some will say the U.S. SEC has no jurisdictions on a Cana... Read Full Story
We have written about M-Commerce in the past and still believe it is the wave of the future in regards to payment processing. Self Bank Mobile is the newest player on the block that appears to have the infrastructure and management in place to take it to the next level. They could possibly be the next “PayPal”, but much better.
Why would we write about an M-Commerce payment processor in our blog about alternative investments? Here is why, it is all a matter of reading the fine print and ... Read Full Story
