tag:blogger.com,1999:blog-36553716758962500352024-02-07T11:59:36.834+01:00WONDER BANKSCompanies giving very high Return On Investment (ROI) on Short Term BasisBABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.comBlogger70125tag:blogger.com,1999:blog-3655371675896250035.post-89566053925747861422008-06-06T18:46:00.003+01:002008-06-06T19:00:31.190+01:00BEWARE OF BUYING STOCKS FROM DIRECTOR'S OF WONDERBANKS<span style="color:#ff6600;">PLACING OF CAUTION ON STOCKS BELONGING TO THE DIRECTORS AND PRINCIPAL OFFICERS OF ILLEGAL FUNDS MANAGERS</span><br /><br /><span style="color:#000066;">The Commission has directed all Registrars and the Central Securities Clearing Systems Ltd (CSCS) to place caution on the shares belonging to all the illegal Funds Managers (Wonder Banks) as well as the shares of their directors and principal managers in all quoted companies.<br /><br />The caution on the accounts will remain in force until the conclusion of the matter which is pending before the Investments and Securities Tribunal (IST).<br /><br />This action by the Commission is to safeguard the interest of clients of these illegal operators.<br /></span><br /><span style="color:#000066;">This information is supplied by Securities and Exchange Commission</span><div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com24tag:blogger.com,1999:blog-3655371675896250035.post-40227924496245488012008-06-06T16:35:00.002+01:002008-06-06T19:38:33.484+01:00SEFTEG IN LIQUIDATION<p class="MsoNormal" style="FONT-WEIGHT: bold; TEXT-ALIGN: center"><span style="COLOR: rgb(255,0,0)">LIQUIDATION OF SEFTEG NIGERIA COMPANY LTD</span><br /></p><p class="MsoNormal"><span style="COLOR: rgb(0,153,0)">Based on filed suit number FHC//L/CP/1133/2007 in Federal Lagos High Court against Sefteg Nigeria Ltd ,the presiding judge, Honorable Justice P.A. Olayiwola on 4</span><sup style="COLOR: rgb(0,153,0)">th</sup><span style="COLOR: rgb(0,153,0)"> of Febuary 2008 appointed Ijewere & Co.(A Tax Consultant /Chartered Accountant Firm) as Liquidator of the investment of Sefteg Nigeria Ltd.</span></p><p class="MsoNormal" style="COLOR: rgb(0,153,0)"><span style="font-size:+0;"></span>Information gathered from Ijewere & Co. is that ,the defunct Sefteg Nigeria Ltd had lots of investment in Capital market like Stocks and Properties and have advised all creditors (Investors as at the time the company was functional) to come to there office in No. 106/110, Lewis Street, Lagos-Island.Lagos-State with the following documents or send it by post to P.O.Box 8713 Lagos.Nigeria or send it by email to <a href="mailto:sefteg@ijewere.com">sefteg@ijewere.com</a> :</p><p class="MsoNormal" style="COLOR: rgb(0,153,0)"><span style="font-family:Symbol;">·</span> Names, addresses (postal/residential and e-mail) and Telephone numbers of investors <?xml:namespace prefix = o /><o:p></o:p></p><p class="MsoNormal" style="COLOR: rgb(0,153,0)"><span style="font-family:Symbol;">·</span> Copy of passport page of international passport, drivers’ license or national ID Card <o:p></o:p></p><p class="MsoNormal" style="COLOR: rgb(0,153,0)"><span style="font-family:Symbol;">·</span> Photocopies of Deposit slips used to make payment. <o:p></o:p></p><p class="MsoNormal" style="COLOR: rgb(0,153,0)"><span style="font-family:Symbol;">·</span> Evidence of next of kin presented to and recorded by the Sefteg Nigeria Limited.<o:p></o:p></p><p class="MsoNormal" style="COLOR: rgb(0,153,0)"><span style="font-family:Symbol;">·</span> Evidence of all payments received from Sefteg Nigeria Limited to date </p><p class="MsoNormal" style="COLOR: rgb(0,153,0)">If you have not heard of this information then it’s better late than never.</p><p class="MsoNormal" style="COLOR: rgb(0,153,0)"><span style="FONT-WEIGHT: bold; COLOR: rgb(255,0,0)">Written by: Adeniyi Olubiyi AdeOnojobi</span></p><p class="MsoNormal"><o:p></o:p></p><div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com3tag:blogger.com,1999:blog-3655371675896250035.post-13900051700859103912007-12-17T19:55:00.000+01:002007-12-17T20:43:55.301+01:00SEFTEG OFFICE HAS CLOSED AGAINDespite effort by investors to retrieve their capital from Sefteg Nigeria Ltd due to it’s present financial condition caused by pressure mounted on them by Central Bank of Nigeria (CBN) they have finally closed their office.<br />After having conversations with there staff, information gathered is that some soldiers that invested with them came to harass them at the office on Oyin Jolayemi Street,Victoria Island due to lack of payment of overdue ROI.<br />I also gathered that the office will be opened in January but if there will payment of ROI or refund is yet to be confirmed. Their website has been upgraded to a more colorful one and I am of the supposition that they want to start a 100% online business since registration form can now be downloaded online.This is an unconfirmed hypothesis. Visit <a href="http://www.sefteg.net/">http://www.sefteg.net/</a> for further confirmation but note that all the telephone numbers on their website are not working at the moment.<br />WRITTEN BY OLUBIYI ADEONOJOBI<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com3tag:blogger.com,1999:blog-3655371675896250035.post-12675921536512115602007-12-03T12:09:00.000+01:002007-12-03T13:22:40.185+01:00IS a3union A SCAM?Asset Assured Assist Union popularly known as A3 Union claims that they constantly manages investment relationships with over twenty high yield investment partnerships in six countries. The company is registered in Belize but one can not but ponder,why?<br />There current website was created on 11th August 2006 ,updated on the 6th of November 2007 and expiring on the 11th August 2013 but the website is non transferable so it was definitely created by Caribbean Software Development Corporation (CSDC).<br />Caribbean Software Development Corporation, a large offshore International Business Company, specializing in e-currency transaction system development & transaction processing solutions has acquired A3Union brand on February 28th 2007. A3Union is now a part of CSDC,IBC and trading and investment division of CSDC.<br />I had a telephone conversation this morning with one of there Nigerian agents listed on their website and he said they have a congested payment gateway so I guess they didn’t anticipate to have so many investors cashing out of the program at the same time. I will advice those who have invested to keep trying to cash out and those who are yet to invest to hold on for a while till this issue is resolved.<br />Below is the list and contact information of there agents in Nigeria but I haven’t verified if the addresses are genuine :<br /><br />FULL NAME: MIKE ADARA , BUSINESS NAME: MPM NIG. LTD , STREET ADDRESS: 125 PW ROAD, KUBWA ,ABUJA , <span style="color:#ff0000;"><strong>CONTACT PHONE: +234-806 -346- 8412</strong></span><br /><br />FULL NAME: Abidakun Sunday Samuel , STREET ADDRESS: 124 arakale road , CITY: Akure , PROVINCE: Ondo State<br /><br />FULL NAME: Chris Igho Ogilo , BUSINESS NAME: Nasara Services , STREET ADDRESS: Shop 765 TV Garage, Kachia Road. CITY: Kaduna ZIP: 80001 , <strong><span style="color:#ff0000;">CONTACT PHONE: +234-8028460725<br /></span></strong><br />FULL NAME: Salaudeen Mutiu Olayemi , BUSINESS NAME: Nil , STREET ADDRESS: 23 Dayo oluyemi str. off Isawo rd. Agric Ikorodu CITY: LAGOS ZIP: 234 , <span style="color:#ff0000;"><strong>CONTACT PHONE: 234-805-282-0691<br /></strong></span><br />FULL NAME: Adetunji Abdulrauf , BUSINESS NAME: Ajile ventures nig. , STREET ADDRESS: 28 Dokaje street, ugwar romi CITY: KadunaZIP: 80001 , <strong><span style="color:#ff0000;">CONTACT PHONE: 2348023580880<br /></span></strong><br />FULL NAME: WALE OBISESAN , BUSINESS NAME: Obisesan , STREET ADDRESS: NO 54 BENIN ST SGARI , CITY: ZARIA , PROVINCE: KADUNA , ZIP: 80001 , <span style="color:#ff0000;"><strong>CONTACT PHONE: 2348038898688</strong></span><br /><strong><span style="color:#33cc00;">QUESTION: CAN THEY BE HELD ACCOUNTABLE IF ANYTHING GOES WRONG?<br /></span></strong>…..COMPILED BY OLUBIYI ADEONOJOBI<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com3tag:blogger.com,1999:blog-3655371675896250035.post-33782757007266072672007-12-02T18:54:00.000+01:002007-12-02T19:19:56.957+01:00BEWARE OF DIAMOND CASH CLUB<div align="left"><span style="color:#ff0000;"><strong>BUYERS:BEWARE OF DIAMOND CASH CLUB<br /></strong></span>Due to increase in failure of payment, it has become paramount for me to notify my dear readers to take note and stop investing in Diamond Cash Club since probability might have it that it has already folded up.20th of every month was believed by investor’s as a day full of smile because it was pay day but that has now become history since the only information given to the winners are “payment under processing” and there egold account has not been credited till date.<br />Later information reached us that the pay day for winners was shifted to 23rd but today is 2nd of December and nobody has been credited. The website is still functional but winners are not being paid so it will only shrewd for new buyers of there product to linger till this issue is properly resolved. At the moment,they are not replying email and and no Newsletter to update investors who have cycled and are not yet paid. Useful update to this effect will be appreciated.</div><div align="left">WRITTEN BY OLUBIYI ADEONOJOBI</div><div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com4tag:blogger.com,1999:blog-3655371675896250035.post-39262100883058220892007-11-29T11:46:00.000+01:002007-11-29T12:54:05.591+01:00BEWARE OF THIS HYIP SITES<div align="center"><strong><span style="color:#ff0000;">HYIP SCAM SITES</span></strong></div><p><a style="COLOR: rgb(255,0,0)" href="http://realitysurf.net/">realitysurf</a>, (ip: 72.29.80.130). Problem with payment reported. When I went to the site, there is a virus embedded on the site as well. Please go there with care.<br /></p><p><a style="COLOR: rgb(255,0,0)" href="http://steelfunds.com/">steelfunds</a>, (ip: 64.40.114.38). Problem with payment reported.</p><p><span style="color:#ff0000;">5dayhip.com</span>, Problem with payment reported. Site disappeared, it probably a copycat of 5daysfunds which also has problem paying.<br /></p><p><a style="COLOR: rgb(255,0,0)" href="http://hyip4fun.com/">hyip4fun</a>, (ip: 67.159.32.175). Problem with payment reported. If you go to its site, you will see the following message:due to script problems and continous attacks by hackers and a miscalculation of the actual percentage we have decided to close the site we will start refunds after we finish calculations of them.</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.50globalprofit.com/">50globalprofit</a> - (ip: 195.0.210.141) Reported not paying.</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.refin.cc/">refin.cc</a> - Multiple IPs reported, (ip: 68.142.234.51, 68.142.234.52, - 68.142.234.60), stay away.</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.kgsfund.com/">kgsfund</a> - (ip: 63.247.77.34), multiple sites with same ip. Stay away.</p><p><a style="COLOR: rgb(255,0,0)" href="http://grouptraders.com/">GroupTraders</a> - (ip: 63.247.77.38), reported maybe a scam from Las Vegas HYIP and Impexim.</p><p><a style="COLOR: rgb(255,0,0)" href="http://dma-im.com/">dma-im</a> - (ip: 67.19.218.74), reported seems to be related to same bunch as Las Vegas HYIP and Impexim.</p><p><a style="COLOR: rgb(255,0,0)" href="http://6dailysurf.com/">6dailysurf</a> - (ip: 85.114.128.142), reported maybe scam. Maybe somebody can confirm that.</p><p><a style="COLOR: rgb(255,0,0)" href="http://goldgains.com/">goldgains.com</a> - (ip: 69.50.168.126), reported maybe scam. Maybe somebody can confirm that.</p><p><a style="COLOR: rgb(255,0,0)" href="http://richinvest-goal.com/">RichInvest-Goal</a> - (ip: 69.50.168.126) , reported not paying.</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.brokersgold.com/">brokersgold</a> - (ip: 216.220.40.244) , see discussion below.</p><p><a style="COLOR: rgb(255,0,0)" href="http://worldofgold.biz/">WorldofGold.biz</a> (ip: 69.64.40.55) - Problem reported</p><p><a style="COLOR: rgb(255,0,0)" href="http://worldofgold.biz/">Sambrerogold.com</a> (ip: 69.57.146.76) - Problem reported</p><p><a style="COLOR: rgb(255,0,0)" href="http://dailypaidprofit.com/">DailyPaidProfit.com</a> (ip: 68.142.234.50) - Problem reported</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.axestar.net/">axestar</a> - (ip: 38.113.1.97) Reported not paying.</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.fastcashclub.net/">fastcashclub</a> - Reported to have trojan loaded when you visit the site.</p><p><a style="COLOR: rgb(255,0,0)" href="http://williams-fund.com/">williams-fund.com</a> (ip: 209.249.221.22) got many complaints from various members for not paying, stay away from it.</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.invca.org/">http://www.invca.org/</a> (ip: 72.21.38.141) problem with withdraw is reported.</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.orange-funds.com/">http://www.orange-funds.com/</a> (ip: 66.197.197.53) problem with withdraw is reported.</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.oil-investment.com/">http://www.oil-investment.com/</a> is not paying to its members, ip 64.21.66.176</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.legioinvest.com/">http://www.legioinvest.com/</a> is stop paying to its members, ip 69.93.79.130</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.invest-network.com/">http://www.invest-network.com/</a> is stop paying, 62.193.238.145</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.greenlandinvestment.com/">http://www.greenlandinvestment.com/</a> - (ip: 69.50.187.99), members reported money being lost</p><p><a style="COLOR: rgb(255,0,0)" href="http://www.worldtradeinvest.com/">worldtradeinvest</a> - (ip: 207.150.184.82), reported not paying. Well, it is expected, if you are my reader, then you know to avoid it from the beginning, it runs the goldcoder.</p><p>INFORMATION SUPPLIED BY HYIP INVESTMENT DAILY</p><div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com2tag:blogger.com,1999:blog-3655371675896250035.post-48346791079585149012007-11-19T11:01:00.000+01:002007-11-19T11:07:54.019+01:00JENKINS INVESTMENT LTD COMMENCE DEBT SETTLEMENTFollowing complaints received from 30 investors against Jenkins Investments Limited (JIL), the Nigerian Stock Exchange notified the Commission that the cumulative indebtedness of JIL to investors as at January 30, 2007 was N457, 007,494.80.<br /><br />Based on above, the Commission ordered an inspection on the company which revealed the following:<br /><br />a) That N67 million claimed by Afribank Plc against the company was a commercially secured transaction thus could not be regarded as part of the company’s indebtedness to investors.<br /><br />b) That the claim of N147,828,261.30 by Mr. Mike Igbinedion was overstated by N96,167,577.31. This was reduced on verification of authentic CSCS statements to N51,660,683.99<br /><br />c) That the actual total indebtedness amounted to:<br /><br />Figure disclosed by the Stock Exchange N457, 007.494.50<br />Figure disclosed by JIL records N104, 735,920.05<br />Total N561, 743,414.55<br /><br />Less:<br />Afribank Plc’s claim (N67, 000,000.00)<br />Mike Igbinedion (overstated claim) (N96, 167,577.31)<br />Total (N163, 167,577.31)<br /><br />Total outstanding liabilities to be settled by JIL N398, 575,837.24<br /><br /><br /><br />Settlement Proposal<br /><br />The Directors of JIL submitted proposals to the Commission for the repayment of all the debts owed investors.<br /><br />Following the proposal, the Commission on June 25, 2007 held a meeting with the Directors of JIL and the affected investors to discuss the scheme of repayment. The investors did not object to the proposal but raised issues on the computation of their entitlements. The company agreed to review same jointly with the investors.<br /><br />Another meeting was held on October 17, 2007 where the proposal was considered and ratified by all the parties.<br /><br />I. CATEGORY A<br /><br />All investors who deposited various sums of money for the purchase of Dangote Sugar Plc and Dunlop Nigeria Plc initial public offers would be paid back in full.<br /><br />The investors within this category were 38 in number and the total amount was N7, 139,720.00.<br /><br />II. CATEGORY B<br /><br />All investors whose claims against JIL were below N500, 000.00 as at December 31, 2006 would be paid back in full.<br /><br />The affected clients/creditors within this category were 153 in number and the total amount was N26, 233,203.84.<br /><br />III. CATEGORY C<br /><br />All investors whose claims are above N500, 000.00 as at December 31, 2006 would be paid N100, 000.00 each.<br /><br />75 investors fell within this category and the N100, 000.00 each amounted to N7.5m.<br /><br />The total amount as computed for the three categories was N41, 172,903.84 out of which the sum of N21, 536,390.00 has been paid to investors.<br /><br />The repayment exercise is ongoing.<br />INFORMATION FROM SECURITIES & EXCHANGE COMMISSION,NIGERIA<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com8tag:blogger.com,1999:blog-3655371675896250035.post-9684903986082162432007-11-03T19:48:00.000+01:002007-11-03T19:51:48.919+01:00LIQUIDATION OF LEAD UNIT TRUST SCHEMES<div align="center"><strong><span style="color:#ff0000;">LIQUIDATION OF LEAD UNIT TRUST SCHEMES</span></strong></div>The Securities and Exchange Commission has approved the liquidation of Lead Unit Trust Scheme. Unit holders in the Scheme should therefore visit the office of LeadCapital Limited to redeem their investment.<br />LeadCapital’s address is as follows:<br />Plot 281, Ajose Adeogun Street<br />Victoria Island<br />Lagos.<br /><br />Signed<br />Management<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com229tag:blogger.com,1999:blog-3655371675896250035.post-46867817051353544292007-11-03T18:53:00.000+01:002007-11-03T19:00:53.314+01:00BEWARE:WEALTH SOLUTION AGENT ARE CIRCULATING EMAILS<span style="color:#ff0000;"><span style="font-size:85%;">THIS IS MAIL IS BEING CIRCULATED BY WEALTH SOLUTION AGENT(INFAMOUS ROWLAND PETERS)</span> </span><br />Dear Valued Investor,<br /><br />Due to our commitment to let you know our findings and latest happennings about wealth solution Ltd with regard to your investment.<br />We got a text from wealth solution promising to commence payment from this week and that will last for the next 14 days from now.<br /><br />We all pray and hope our principal are paid back to us the investors on time. Thank you for your understanding and patience.<br /><br />Meanwhile, for those risk takers like me who are looking for further investment opportunity to better their financial lot in life can check out this new and latest mlm Promissing $50,000 for every $50 invested without refering anybody.<br /><br />Go to or simply click on this link: http://www.secretmlm.com/members/rankhigh<br /><br /><br />Please call Tunde 08028754741, or 08038011549,or 08055904365 ,<br />Or call Sunday 08062943412<br /><br />Email : wealthagent18j7_141@yahoo.com<br /><br /><br />Dr Rowland Peters<br />Agent WSL<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com1tag:blogger.com,1999:blog-3655371675896250035.post-8807066716133807132007-10-27T10:23:00.000+01:002007-10-27T10:30:07.227+01:006k4you...ASK YOURSELF THIS QUESTIONSPlease read and answer all questions below before joining<br /><strong><span style="color:#006600;">Question 1</span></strong>: Yes I understand that [<strong><span style="color:#ff0000;">Pyramid Peddler Name Removed</span></strong>] will be paying for me to join Revolving Travel. [<strong><span style="color:#ff0000;">Probably the lamest attempt at presenting a fake free offer I have ever seen-bet the next question involves agreeing to some sort of payment</span></strong>]<br /><strong><span style="color:#006600;">Question 2</span></strong>: Yes I understand that by joining 6k4you.com I am required to benefactor in at least 2 people at a cost of $65.00 each. [<strong><span style="color:#ff0000;">Thought this was Free</span></strong>]<br /><strong><span style="color:#006600;">Question 3</span></strong>: Yes I agree that my personal information will be supplied to the member who pays for my position in Revolving Travel and Clubfreedom. [<span style="color:#ff0000;"><strong>You would be mad to agree to this, as you don't know your sponsor from Adam you will be asking for Trouble</strong></span>]<br /><strong><span style="color:#006600;">Question 4</span></strong>: Yes I understand that my position can be deleted if I do not benefactor in at least 2 people within 7 days from the date my sponsor pays for my position. [<span style="color:#ff0000;"><strong>so its a Free trial at scamming others then</strong></span>]<br /><strong><span style="color:#006600;">Question 5</span></strong>: If my sponsor fails to pay for my position within 5 days, I would like to:Be placed on the waiting list for another member to pay for meBe removed from the system<br /><strong><span style="color:#006600;">Question 6</span></strong>: I also understand that if I fail to pay for someone within 5 days, they maybe moved to the waiting list or removed from the system.<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com0tag:blogger.com,1999:blog-3655371675896250035.post-8412509621941261622007-10-27T10:12:00.000+01:002007-10-27T10:20:08.869+01:006k4you's Question and AnswerOriginally Posted by 6k4you<br />FAQ FREQUENTLY ASKED QUESTIONS<br /><strong><span style="color:#009900;">What is 6k4you</span></strong>?<br />6k4you is a pay it forward portal for people to join in the lucrative Revolving Travel and Club Freedom program where you can earn $6,000 over and over plus a free vacation.How much does it cost to join 6k4you?It is free - your sponsor will pay for you.However, you must be willing to pay for at least 2 people to join under you at a cost of $65 each. [<span style="color:#ff0000;"><strong>Thats not free in my book</strong></span>]<br /><strong><span style="color:#009900;">What do I have to do to earn $6,000 and a free Vacation</span></strong>?<br />All you really have to do is join Revolving Travel for free under your sponsor then follow the one rule we have in place to ensure the smoothness and quickness of every one cycling. That one rule is that you have to pay for two people to join under you in Revolving Travel within 7 days of you joining. [<strong><span style="color:#ff0000;">Not free then</span></strong>]<br /><strong><span style="color:#009900;">What if I don’t sponsor 2 people within 7 days</span></strong>?<br />You will have your position taken away and given to someone who will pay for two people to join under them. If you cannot or are not able to fulfil this obligation, then please do not join. [<strong><span style="color:#ff0000;">So if you can't sponsor theres no point in joining, wheres the free stuff then</span></strong>]<br />What if I sponsor 2 people and one has their position taken away?<br />We will give you an adequate amount of time to find a replacement.[<strong><span style="color:#ff0000;">This means pay for someone else-Still nothing free here</span></strong>]<br /><strong><span style="color:#009900;">Can I have more than one position</span></strong>?<br />Yes you can! But you will have to still find 2 people for each position that you join Revolving Travel.<br /><strong><span style="color:#009900;">If I join under myself does that qualify me for 2</span></strong>?<br />NO. . . You cannot Purchase Nominee Accounts to meet the “Two in 7 Days” Requirement.What payment processors does Revolving Travel accept?Revolving Travel accepts Credit Card, Paypal[<strong><span style="color:#ff0000;">Paypal being notified for including there name on the list</span></strong>], Egold, Ebullion, E-Trust Wallet and Alertpay. We believe this covers most if not all of the major processors on the net. If for some reason you still cannot make payment through one of those various methods please contact your sponsor as you will be helping them cycle so they should be more than willing to help you get an account funded.<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com0tag:blogger.com,1999:blog-3655371675896250035.post-40190700407827011062007-10-19T11:20:00.000+01:002007-10-19T18:22:03.902+01:00SEFTEG NIGERIA OFFICE RE-OPENS TODAYThe office of <span class="blsp-spelling-error" id="SPELLING_ERROR_0">Sefteg</span> Nigeria Company in Victoria Island,Lagos has finally opened today after it was shut for about a week due to delay in payment of returns of Investment.After discussing with one of the executives today,information gathered is that the office is opened because investor's were beginning to think they have folded up and absconded with investor's funds.I was reassured that returns will be payed after the completion of the ongoing investigation by <span class="blsp-spelling-error" id="SPELLING_ERROR_1">Central Bank of Nigeria (CBN)</span>.<br />The time frame in question before the resumption of payment of <span class="blsp-spelling-corrected" id="SPELLING_ERROR_2">dividends</span> hasn't been ascertained but investor's are obliged to be calm and be without fear.The previous experience with wonder banks in Nigeria in the not distant past,now keeps all investor's on the edge due to this 2month's delay.I clearly expressed my opinion to the executive's of this company that re-opening of there office won't change people's opinion on wonder banks but paying of returns can restore <span class="blsp-spelling-corrected" id="SPELLING_ERROR_3">confidence</span> in <span class="blsp-spelling-error" id="SPELLING_ERROR_4">Sefteg</span> Nigeria Company.The office is opened today but who <span class="blsp-spelling-corrected" id="SPELLING_ERROR_5">knows</span> if it will be opened on Monday,22<span class="blsp-spelling-error" id="SPELLING_ERROR_6">nd</span> October 2007 but till then,i keep an open mind .<br />..............................<span class="blsp-spelling-error" id="SPELLING_ERROR_7">Adeniyi</span> <span class="blsp-spelling-error" id="SPELLING_ERROR_8">AdeOnojobi</span><div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com5tag:blogger.com,1999:blog-3655371675896250035.post-70110839769752046702007-10-17T16:29:00.000+01:002007-10-17T16:45:45.556+01:00WILL NOSPECTO RISE AGAIN?Nospecto Oil & Gas is a company that has being in existence for over 4years doing business in Nigeria, operating previously Allied House in Marina(and later Elephant House), Lagos which used to give about 8.89% interest monthly on investment of NGN450,000 per slot until it came under scrutiny by regulatory authorities that it was not a registered fund manager since the certificate of incorporation of the company doesn’t permit it to collect funds from the public.<br />The company is registered to do Oil business which they do officially with funds they source from the public sector and were giving higher returns than the banking sector.It is believed that the major problem of Nospecto Oil & Gas was caused primarily by the banking sector’s continuous complain to regulatory authorities about there activities.<br />Nospecto Oil & Gas no longer have a functional office due to cases and investigations against them by SEC,EFCC & CBN as the door are now locked with Iron bars but if any investors need to inquire about there investment and how to get refund, then they need to contact the Valued Clients which is the consultant company that was hired by Nospecto Oil & Gas to restructure the company, there website address is <a href="http://www.valuedclients.net/">http://www.valuedclients.net/</a> for further enquiries or details about Nospecto Oil & Gas.<br />Information i gathered is that they have registered a bank now but you can contact the consultant for all enquiries and information you may need.<br />…….written by Olubiyi AdeOnojobi<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com5tag:blogger.com,1999:blog-3655371675896250035.post-79130165769346623982007-10-17T16:28:00.000+01:002007-10-17T16:39:13.095+01:00TODAY'S UPDATE ON SEFTEGAfter a visit to Sefteg Nigeria Company office to validate my previously gathered information that the office was closed, I became aware that one of their investors stormed the office with touts last week Tuesday (9th of October 2007) and forcefully removed the LCD Television with other valuables which was followed by life threats so the office had to be shut down immediately as it has become apparent that investors can no longer stick with stories that don’t hold water.<br />The telephone numbers of Sefteg Nigeria Company are still working but the question now remain, which is for how long will the number be functional since it’s the only form of communication with the company thereby making it easy to abscond with investor’s funds.The Door to office has been locked up with a notice pasted at the entrance.<br />Sefteg Nigeria Company bank account’s is under investigation by CBN but thereby making payment of ROI impossible since the account has been frozen until all investigations are completed.<br />My advise to investors is to make sure they locate residence address of directors of the company so as to ensure that ROI or refunds are guaranteed since the company doesn’t have any surface address again....Olubiyi AdeOnojobi<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com1tag:blogger.com,1999:blog-3655371675896250035.post-80267620716631827782007-10-16T10:42:00.000+01:002007-10-16T13:25:09.686+01:00SEFTEG OFFICE IS CLOSED<strong><span style="color:#ff0000;">SEFTEG NIGERIA COMPANY OFFICE IS CLOSED</span></strong><br />There has been another wonder bank blow,based on reliable information.A Lagos Based Wonder Bank situated on Oyin Jolayemi Street in Victoria Island who's motto is <strong><span style="color:#ff0000;">Creating Wealth In Every Household</span></strong> has disappeared with Investor's Fund.We are sorry to inform our dear reader's that the office of Sefteg Nigeria Company is now closed to the public and investors.Communication with the company is only by telephone for now but it's a similar scenario like Wealth Solution,Nospecto Oil & Gas,etc.<br />We don’t have concrete information as to why the office is closed but based on telephone conversation with executive's of the company;information we got is that some angry investor’s went to vandalize the office due to unpaid ROI while they had submitted the payment schedule to bank but due to on going investigation into there account by EFCC and CBN, the accounts have been frozen till further notice.<br />Investors have not be paid returns for August till date which is a negative message and could have prompted such actions.<br />Updates will be posted accordingly to inform our readers….Adeniyi AdeOnojobi<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com3tag:blogger.com,1999:blog-3655371675896250035.post-82402474691414714932007-10-16T09:54:00.000+01:002007-10-16T09:55:15.125+01:00ONLINE BUSINESS TIPS1.Never send money by Western Union: It is tempting as it is very simple and you can send quickly. But it is illegal for business use in most countries and it is non-recoverable and non-traceable. So the chances of getting duped are very high if you pay by Western Union. I have yet to come across any serious business insisting on money by Western Union.<br />2. Never remit money by Bank Transfer to a personal name: Always send to a company name. Many use this trick and I am surprised how many keep falling for this. No matter what the other guy says, if you send a bank transfer to a person, chances are high that it will be the last you will hear from him.<br />3. Avoid being a victim of the ADVANCE FEE SCAM: Never try to sell anything to anyone who insists on some payment from you before placing an order for your goods. They usually promise a very large order to tempt you. Various tricks used are fee for foreign exchange transfer, registration of your company with authorities, etc. Basically stop dealings with anyone who places an order with you and then wants you to send some money first for some reason or the other.<br />4. Use a personalized paid email address: In case you are using a free email address like yahoo, rediff, hotmail, msn or any other free email, please stop using it immediately as you are harming your business by doing so. Free email address look very unprofessional and create a poor impression about you. So start using an email address which is like yourname@yourcompany.com as soon as possible.<br />5. Build your company website: If you are in business and you do not have a website you are losing business. No matter what your argument may be, a website is becoming a qualifying criterion for buyers to select people they want to talk to. Not having a website reduces the number of people who would be interested in talking to you. Do you really want to do that?<br />6. Make it easy for people to contact you: The below three points are a basic minimum:<br /> a. Having voice mail on all your phone lines: Basically, you must have a system where a person can leave a message if your phone is busy or no one is there to attend it so that you do not miss anyone trying to contact you.<br /> b. Having a dedicated fax line: Faxes nowadays are mostly being sent by some fax software. So if you have a system where a fax tone is given on request, chances are you will not receive the fax.<br /> c. Always including complete contact details in all emails you send. A simple way is to use signature files.<br />7. Understand the mindset of your buyer: Learn to listen and understand the pulse of the potential buyer. Find out what drives him. Although I know all of you will jump and say 'price', you know that there is zillions of dollars of business being done at a price much higher than the 'best possible price' even when buyers know that. It is being done because of timely delivery, quality assurance, excellent communication, comfort level or special customization, etc. Each buyer has some factors he holds as key. Once you know that, you should be able to reassure him on that front.<br />8. Review your website critically: If you have a website, look at it critically from a buyer's viewpoint and see if your website does the following:<br /> a. Make the visitor believe you know your business well<br /> b. Provide more information than competitors<br /> c. Enhance your credibility<br /> d. Make the visitor feel like contacting you<br /> e. Is your contact information easily accessible?<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com0tag:blogger.com,1999:blog-3655371675896250035.post-56679690098360185322007-10-09T19:46:00.000+01:002007-10-09T20:01:11.974+01:00OPEN LETTER TO GDCA REGARDING E-BULLION<span style="color:#ff0000;">AFTER THE POST OF GDCA WARNING ON E-BULLION,I WAS CONTACTED BY MARK HERPEL ON THE ISSUE SO I DECIDED TO PUBLISH HIS OPEN LETTER TO GDCA</span><br />Dear Mr. GDCA President,<br />I have been writing and blogging lately about the possible or alleged recent issues regarding <a href="http://www.e-bullion.com/">e-Bullion</a>. I feel, as do many readers, it is important to determine whether these possible issues are rhetoric, a few unhappy agents or possibly big events that will effect the industry as a whole… I now see that the GDCA has posted a warning regarding e-bullion at: <a href="http://gdcaonline.org/content/news.html">http://gdcaonline.org/content/news.html</a><br />In that warning it states that :<br />“….E-bullion.com closes and/or freezes accounts without any court order or reasonable justification, sometimes freezing customer funds forever.”<br />Please present proof of these events by showing the closed account documentation and any correspondence with e-bullion regarding that account and its closure.<br />Please comment on why e-bullion closed the account or accounts, any justification e-bullion presented or did not present.<br />Please provide your opinion as to why e-bullion has taken this action.<br />Please provide evidence of e-bullion seizing or freezing account holder funds and not returning them as stated in your comment/warning above. Who had their funds ’stolen’ or has stated they had funds seized?<br />Please show me the evidence of a rumored investigation by the USSS, because I heard a rumor they were going to be bought by Donald Trump. Rumors are not fact and have no place in an industry ‘warning’ without supporting information. Provide me these facts or the person openly commenting about an ongoing investigation being conducted by an agency of the US government.<br />Please provide me copies of any complaints from users that the GDCA may have received regarding e-bullion for the past two years.<br />Please include e-mail or other documentation so these can be verified by me.<br />Please provide me any exchanger opinions or complaints which you have documented regarding the policies and terms now in use by e-bullion.<br />You should know that I have already been in touch with Mr. Joseph Hamilton, CISSP Chief Technical Officer, e-Bullion.com, on several recent occasions regarding these stated rumors.<br />Its my firm belief that resolving any problem whether minor or serious can be accomplished by logical discussion and clarification of facts, not rumors and flaming.<br />I would appreciate it if you can comment here below this post at your earliest convenience, whether you can or will produce the above requested material to me via email. All other comments and questions are welcome. Feel free to remove any personal or financial information from these documents. After hearing from you, Mr. Hamilton of e-bullion will again be contacted for his comments, he is available and reaching me just fine.<br />Thanks and I look forward to hearing from you soon.<br />Mark Herpel<br /><br /><span style="color:#ff0000;">FOR RELATED STORIES OF THIS POST,VIEW MARK HERPEL'S WEBSITE </span><a href="http://www.digitalmoneyworld.com/">http://www.digitalmoneyworld.com/</a><div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com0tag:blogger.com,1999:blog-3655371675896250035.post-14995583061626963632007-10-08T10:30:00.000+01:002007-10-08T10:44:40.649+01:00BEAWARE OF FRAUD CURRENCY TRADERS<div align="left"><strong><span style="color:#ff0000;"><span style="font-size:180%;"> LIST OF FRAUD CURRENCY TRADERS<br /></span></span></strong><br />1. <span style="color:#ff0000;">wmzwmr.ru</span> : displays fake GDCA membership logo that does not link to the GDCA Ratings page.<br />2. <span style="color:#ff0000;">casheq.com</span> : displays forged GDCA membership logo, linking to illegal GDCA site copy<br />3. <span style="color:#ff0000;">e-bullion.com</span> : a number of members of the GDCA have filed complaints about this currency over the years, but recent events lead us to issue an outright <a href="http://www.gdcaonline.org/content/news.html" target="_top">WARNING</a><br />4. <span style="color:#ff0000;">e-glod-exchange.com</span> : infringes on e-gold trademark and on GoldExchange.eu copyrights; also seems to attempt to benefit from GEeu's reputation and may be defrauding customers.<br />5. <span style="color:#ff0000;">egXchange.com</span> : seems to have infringed on the copyright of reputable exchanger, stealing their texts and CGI scripts. CAVEAT EMPTOR<br />6. <span style="color:#ff0000;">lette-exchange.org</span> : forged GDCA plaque, probably other forged links on site.<br />7. <span style="color:#ff0000;">dette-exchange.com</span> : forged GDCA and ECMA plaques and seems to collect personal and bank data from prospective job applicants<br />8. <span style="color:#ff0000;">paysgold.cn</span> : is a spoof / forgery of paysgold.com; displays paysgold.com's GDCA membership plaque and is most likely run by fraudsters.<br />9. <span style="color:#ff0000;">rbcfinance.hk</span> : claims to be a GDCA member and displays a forged plaque; known spammer;<br />10. <span style="color:#ff0000;">estockflow.com</span> : claims incorrectly to be a GDCA member without ever having applied to join; also abuses the GDCA slogan, and it is questionable if any of their partnership claims are true;<br />11. <span style="color:#ff0000;">egoldhosting.com</span> : displays a bogus GDCA member plaque after we turned down their application to join several weeks ago; also displays fake ECMA plaque.<br />12. <span style="color:#ff0000;">ecurrency.premium.ws</span> : claims incorrectly to be a GDCA member and displays a forged GDCA plaque.<br />13. <span style="color:#ff0000;">goldxcash</span> : there is evidence that goldxcash is linked to click2exchange and direxchange, etc.there have also been a number of complaints from users.<br />14. <span style="color:#ff0000;">click2exchange</span> : numerous complaints; member of a ring of fraudulent sites that attempt to build trust by recommending each other, probably all owned by the same group;<br />15. <span style="color:#ff0000;">intGOLD</span> : complaints from several GDCA members, exchangers, and many users containing allegations of theft and fraud <a href="http://www.intgoldsucks.com/" target="_blank">http://www.intgoldsucks.com/</a><br />16. <span style="color:#ff0000;">OffshoreGoldBank</span> : recommends DMSE as prime exchanger, probably the same owner as DMSE</div>INFORMATION FROM GLOBAL DIGITAL CURRENCY ASSOCIATION(GDCA) FOR OUR READER'S<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com0tag:blogger.com,1999:blog-3655371675896250035.post-33398776268458787692007-10-08T10:04:00.000+01:002007-10-08T10:07:34.081+01:00BEWARE OF E-BULLION<span style="color:#ff0000;">GLOBAL DIGITAL CURRENCY ASSOCIATION ISSUES WARNING FOR E-BULLION</span><br /><span style="color:#ff0000;"><br /></span>Due to numerous unanswered complaints, the Global Digital Currencies Association would like consumers and merchants to be aware that E-bullion.com closes and/or freezes accounts without any court order or reasonable justification, sometimes freezing customer funds forever.<br />This unscrupulous policy makes E-bullion an unfavorable system for online commerce and for the safe and secure storage and transfer of funds.<br />We recommend that E-bullion account holders switch to a different digital currency immediately in order to avoid frozen accounts and loss of funds, such as:<br />· GoldMoney - <a href="http://www.goldmoney.com/">www.goldmoney.com</a><br />· Pecunix - <a href="http://www.pecunix.com/">www.pecunix.com</a><br />· Liberty Reserve - <a href="http://www.libertyreserve.com/">www.libertyreserve.com</a><br />· c-gold - <a href="http://www.c-gold.com/">www.c-gold.com</a><br />· PhoenixDollar - <a href="http://www.phoenixdollar.com/">www.phoenixdollar.com</a><div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com5tag:blogger.com,1999:blog-3655371675896250035.post-29454253939108823802007-09-28T14:26:00.000+01:002007-09-28T14:35:25.182+01:00NEW PAYMENT PLAN FOR GETAWAY CLUB<div align="center"><strong><span style="color:#ff0000;">GETAWAY CLUB'S LETTER TO ASSOCIATES & MEMBERS</span></strong></div>To Associates and Members,<br />Great News!<br />Increase in Members Matrix Payments<br /> Effective immediately our compensation plan has changed to give our members higher payouts, more encouragement and the best payouts on the web.<br />Ok, we wont keep you in suspense, here are the new payments!<br /><strong><span style="color:#ff0000;">Bronze, $100</span></strong><br /><strong><span style="color:#ff0000;">Silver, $200</span></strong><br /><strong><span style="color:#ff0000;">Gold, $2,500</span></strong><br /><strong><span style="color:#ff0000;">Platinum, $15,000</span></strong><br /> Yes, from this point forward these are the payments you will receive when you cycle from the relevant table.<br /> And of course, this means that bonus payments will also increase, since they are based on a percentage of the cycle payments! For example, a 5% bonus payment for one of your referrals cycling through Platinum is now $750 (increased from $500).<br /> Many members have asked for an increase and greater incentives to help drive their marketing and prospecting efforts. After careful consideration, planning, and lots of calculations we again are leading the way with a dynamic and rewarding business.<br /> To make these payments feasible, we have had to change the price of membership from $160 to $190 plus a $10 processing fee. However, to make this equitable and fair to all members, and to help your prospecting and recruitment efforts, the price increase will not be implemented for 30 days. Membership cost will not increase until the 1st November 2007.<br /> So you have a complete 32 days to use this extraordinary news to save your prospects $40, and to drive your marketing efforts substantially.<br /> Members and Associates take advantage of this great news.<br /> You will find some new banners and promotional material in the Members area.<br /> Keep up the good work and we wish all our members success.<br /><br />Thank you,<br />GetawayClub Admin<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com0tag:blogger.com,1999:blog-3655371675896250035.post-74449325655714384052007-09-27T19:41:00.000+01:002007-09-27T19:46:30.608+01:00COMPLAINTS AGAINST EAGLE STOCKBROKERS LTDIt has been brought to our notice that complaints has been brought against Eagle Stockbrokers Ltd and they were meant to have met at SEC ZONAL OFFICE in Lagos to defend themselves last week thursday,20th September 2007 but we are yet to know the outcome of the meeting.<br /> We are therefore advicing our reader’s to note and refrain from investing with them until they have being cleared of all allegations.<br /> Below is a list of those that filed complaint's against them.<br /><br />1. Anu Eso & Co (Ben Harris Eze)<br />2. Mrs. Sophie Ima-Obong Pokima<br />3. Alhaji K.A. Agboola<br />4. Akintola Ladipo for Tunde Fatinikun<br />5. Alhaji Raheem A. Lawal<br />6. Oladipo Magreola & Co. (Yekini Bakare)<br />7. Ronachant Investment Ltd<br />8. Abimbola Odukale<br />9. S. O. Coker10 A. A. Nwosu<br />11. Illide Sunday<br />Investors are adhered to take note until further notice,so as not be a victim.<br />COMPILED BY ADENIYI ADEONOJOBI<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com0tag:blogger.com,1999:blog-3655371675896250035.post-1581614962812532482007-09-27T19:38:00.000+01:002007-09-27T19:41:14.105+01:00STANDARD UNION SECURITIES STILL UNDER SUSPENSION<strong><span style="color:#ff0000;">SUSPENSION OF STANDARD UNION SECURITIES LIMITED FROM ALL CAPITAL MARKET ACTIVITIES<br /></span></strong>The Commission has suspended Standard Union Securities Limited, a stock broking company based in Kano, from all capital market activities in Nigeria till further notice.<br />The company was suspended for collecting, verifying, and selling 2, 806 units of Oando Plc shares belonging to Nasiha Trade Association with the knowledge that the shares had been stolen and that the bearer (whom it later declared to be dead) was not the bonafide owner of the shares.<br />Furthermore, the company has been operating illegally in the Nigerian capital market since 2002 without valid registration by the Commission.<br />The suspension took effect from Wednesday, 25th July 2007 and will remain in force until this illegal operator has fully restituted the investor and regularized its registration with the Commission.<br /> ALL INFORMATION QOUTED VERBATIM FROM SEC<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com1tag:blogger.com,1999:blog-3655371675896250035.post-9909851563802906182007-09-25T11:18:00.000+01:002007-09-27T19:31:04.540+01:00PMI AND THEIR MENDACITYThe recent fall of wonder banks nationwide in Nigeria has caused many self acclaimed fund manager to start <span class="blsp-spelling-corrected" id="SPELLING_ERROR_0">deceiving</span> their investors about Return On Investment (ROI), of which <span class="blsp-spelling-error" id="SPELLING_ERROR_1">PMI</span> is one of them.<br />A visit to there office will reveal the tension their investor’s are having with the whole environment crowded with investor's clamoring for refund when they have deceived their investors for a long time that everything was in order. Anyway, all investors have been told to go and open a bank account with UNITY BANK(wonder bank acquiescent) so that they can get paid their returns but this development was not welcomed by investors which the infamous fund manager agreed to look into soonest. The major issues now are,mode of payment and delay of payment. A few military men who invested has taken laws into their own hands by taking the CEO of the company to their barrack.<br />It’s acclaimed that payment for those who invested in Week 4 will be concluded this week and week 5 investor's will be due by the ending of the month of October. For those investors in week 6,they should expect payment on or before November ending ,while week 7 should receive their payment before Christmas this year.<br />The rates have been reviewed without any concrete reason but week 4 investors aren't affected by such. Week 5 and week 6 investment which was <span class="blsp-spelling-error" id="SPELLING_ERROR_3">NGN</span>40,000/slot is now <span class="blsp-spelling-error" id="SPELLING_ERROR_4">NGN</span>30,000/slot and Week 7 and week 8 investment has also been reduced from <span class="blsp-spelling-error" id="SPELLING_ERROR_5">NGN</span>30,000/slot to <span class="blsp-spelling-error" id="SPELLING_ERROR_6">NGN</span>20,000/slot while week 9 investment is now <span class="blsp-spelling-error" id="SPELLING_ERROR_7">NGN</span>12,500.<br />For all those who have invested, I entreat they recover their capital and for those with intentions of investing, I wish them all the best.<br />….Written by <span class="blsp-spelling-error" id="SPELLING_ERROR_8">Adeniyi</span> <span class="blsp-spelling-error" id="SPELLING_ERROR_9">AdeOnojobi</span><div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com0tag:blogger.com,1999:blog-3655371675896250035.post-55338726357757313062007-09-20T10:54:00.000+01:002007-09-20T11:00:27.329+01:00CAUTION FOR WEALTH SOLUTION INVESTORSThe infamous Dr Rowland Peters,a well known agent of a failed wonder bank called Wealth Solution has started sending e-mail’s again to WS investors who invested through him, introducing another business. A copy of the mail can be read below:<br /><br />Dear Fellow Investors,<br />A friend of mine called on me recently and requested I informed him on time whenever I discovered a new, good and profitable investment.<br />Then it dawn on me that several others might need such timely information as well. Having taking my time to research some MLM businesses I discovered these to be the hottest:<br />Check it out by clicking on the link below:<br /><a href="http://www.diamondcashclub.com/diamonds">http://www.diamondcashclub.com/diamonds</a><br /><a href="http://getawayclub.net/Rowpet">http://getawayclub.net/Rowpet</a><br /><a href="http://getawayclub.net/hannet">http://getawayclub.net/hannet</a><br />You must use the above link to sign up to enjoy my personal support and mentoring. If you have further question you can email me @ <a href="http://www.blogger.com/ym/Compose?To=wealthagent18j7_141@yahoo.com">wealthagent18j7_141@yahoo.com</a> or call my office manager Tunde on 08028754741,08038011549,08055904365.<br />We invite you to join our winning team. Some of my team members have earned $14,000:00,$ 8,000:00 &$6 000:00 respectively.<br />Yours Sincerely,<br />Dr.Rowland Peters<br />ALL INVESTORS ARE ADVISED TO BE CAUTIOUS.<br /> … BY ADENIYI ADEONOJOBI<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com0tag:blogger.com,1999:blog-3655371675896250035.post-71331488704331010822007-09-19T13:06:00.000+01:002007-09-19T13:19:39.004+01:00BEWARE OF PYRAMID SCHEMEThey come in diverse guises, systems and names. They entice the unwary with mouth-watering promises and evoke tantalising images of instant wealth and affluence. Call them savings schemes, investment programmes or marketing operations: they offer the same goal of small investments and ensuing bumper returns on investments that no legitimate business or financial institution can offer.<br />And they have become ubiquitous in Nigeria. From the ‘multi-level marketing’ operations to ‘oil traders’ and outright ‘wonder banks’, the pyramids are all over the place ensnaring men and women who want riches with little effort, and making claims that skirt the twilight zone between legitimacy and outright fraud. Whether you are an executive, blue-collar worker, investor or business operator living in Lagos, Abuja or other major cities in the country, you may have been approached or heard of someone you know being contacted to partake in one lucrative ‘investment scheme’ or the other.<br />Sometimes, they claim to be big time investors in oil and gas operations. Or they pose as financial managers after the order of Midas, the legendary ruler at whose touch everything turned to gold. Or they label them ‘investment clubs’. The generic name for the miracle investment schemes is pyramid scheme. The online Wikipedia defines a pyramid scheme as “a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered”. On account of the success and notoriety such scams have had in the United States and Europe, laws and ‘experts’ on pyramid schemes abound.<br />According to such authorities, the genre is called a pyramid scheme because it involves an initial ‘investment’ by one person who then recruits a given number of other persons, each of whom in turn, recruits the same number of persons till infinity. As long as each new recruit is able to sign on the specified number of persons, he or she makes a profit, sometimes, as much as 500 per cent of his ‘investment’.<br />The system is therefore like a pyramid, whose base keeps on widening as long as fresh persons join and ‘invest’. The fatal flaw in the scheme is that for it to remain profitable to all subscribers, virtually the entire population of the earth must join and even then, the number of persons is finite. The result is that every classic pyramid scheme must inevitably collapse and the majority of subscribers will lose their money.<br />For the get-rich-quick, there is a variant called the Ponzi scheme. A classic Ponzi operation is a bogus investment scheme that offers abnormally high ‘profits’ on investment. The excessive profits come from the deposits paid by subsequent investors, meaning that the scheme can only survive as long as there is an endless stream of new investors also lured by the promise of super-normal profits.<br />It is named after Charles Ponzi, who immigrated to the USA from Italy in the 1900s and fleeced the citizens of his newly-adopted country of millions of dollars before he was caught. The difference between a Ponzi scheme and a pyramid scam is that the schemer is the fulcrum, the man accepting and dishing out returns to investors (read victims) while in a typical pyramid operation, the recruit, who successfully recruits his additional recruits, earns his promised super profit. The experts also say that a Ponzi scheme attracts the well to do and can run for as long as those who invest in it can be persuaded to ‘re-invest’.<br />But a Ponzi scheme collapses much faster on account of the exponential increases in the number of participants that is essential for its sustenance. At any point that a new recruit fails to recruit the required number of new sign-ons, the pyramid begins to unravel.Nigerians are in trouble because the laws are lax and there is so little information available to help people identify legitimate investment opportunities and bubbles that will ruin or impoverish them. The new type of investment that is also gaining inroads in the cities is the Multilevel Marketing Plan.<br />This will typically seek to recruit you as a distributor of some goods or services with a promise of large commissions. The catch is that like pyramid schemes, you are required to recruit other distributors and your sales are to these new recruits, not to the general public. Your ability to prosper under the scheme is based on the number of people you sign on and on their own success in bringing new sign-ons. Recently too, the scammers have gone online operating pyramid schemes and their variations through the Internet. To beguile the victim, they claim to be American, Canadian or European firms but rely on the well-established format: super normal profits will come your way as long as you can sign on others to invest money to earn kalokalo interests or to buy products or reports.<br />Some of the Internet-based firms claim to be energy traders or dealers in gold or other precious metals and offer you a chance to join the gravy train. The schemes are ensnaring many because they play on a basic human nature: greed. Researchers in the US say that of all participants in a typical pyramid or Ponzi operation, over 90 per cent will never recoup their money. The less than 10 per cent who do make money are the early birds who serve as a powerful marketing tool for the organisers. In 1997, the unravelling of a number of pyramid schemes in Albaria, in which investors lost $1.2bn, provoked a revolt that toppled the government.In the US and Europe, there are elaborate laws to deal with these schemes. But new ones keep coming in various guises such as ‘investment clubs’.<br />One variation noticed in Nigeria is that the operators go through pastors and other opinion leaders to snag new participants. They target pastors as the early recruits who are thus guaranteed to reap some returns. These ‘men of God’ then go on to recruit church members and others who rely on their favourable testimonies to sign on. It is said that the Central Bank of Nigeria is unsure of how to move against these firms, which, not being registered finance houses, still solicit for and take deposits from the public.<br />It is also clear that some bank workers are actively engaged in the schemes and are known to direct their customers to these miracle banks and marketers. It is said that the Economic and Financial Crimes Commission is on the trail of some operators. Religious leaders and bankers should stop allowing themselves to be used and concentrate on their core mandates.But if you do fall victim to the lure of the pyramid, know that you are primarily a victim of your own greed. Better to stick with your neighbourhood bank, the stock market or the ubiquitous esusu.<br />written by....Biodun Sonowo and extracted from The Punch Newspaper<div class="blogger-post-footer">wonderbanks,hyips,mlm...what next?</div>BABALOSEhttp://www.blogger.com/profile/12669947804009954289noreply@blogger.com0