Some years ago I called out the Sharemax investment scheme.
And I got flack from advisors and investors invested in the company - collecting fat dividends.
But Sharemax crashed and burnt. And investors lost out big time.
In early March 2016 I warned investors that MMM Global would bankrupt them.
I received hate mail, MMM Global investors laughed at me. You see, they ... ››› more
I'm really concerned…
I just came across a group of investors. 29,595 people to be exact.
These investors are all part of a group called “It's all about Online Stokvels”.
Don't get me wrong. A stokvel is a great thing. A group of people putting their funds together, investing it, and sharing the returns when they're needed.
But what I've seen on this group isn't real ‘Stokve... ››› more
MMM Global could cost you a lot more than just the money you've put into the scheme…
On 13 January 2016 I warned you the MMM Global scheme could cost you everything you invest in it.
On 23 March 2016 I told you it was an illegal pyramid scheme and its collapse is looming.
And as we're speaking this scheme is collapsing. But if you still put any faith in it, and according to reports m... ››› more
My computer has developed an interesting virus…
Every now and then when I click on my browser while surfing the web a page opens asking me to invest my money for massive growth, 30% a month to be exact.
The page is that of MMM Global.
MMM Global is a ‘social financial network' as it terms itself…
I've written about the company before. But it seems like MMM's marketing efforts are... ››› more
Unfortunately the investment world has its scam artists. The most common of these scams are Ponzi schemes and pyramid schemes.
So what exactly are pyramid schemes? What makes a pyramid scheme different from a Ponzi scheme? And how can you avoid investing in one?
Read on to find out…
What are pyramid schemes?
Pyramid schemes are a type of investment scam. They’re similar to Ponzi... ››› more
Some 17,000 motorists put their faith in the ‘Buy a New Car for R699' scheme. But the scheme has now come crashing down.
This has left thousands of motorists with credit agreements that they can ill afford.
If you've been a victim of this scheme, what can you do?
Read on to find out…
What is the ‘Buy a New Car for R699’ scheme?
The target of the ‘Buy a New Car for R699’ w... ››› more
With so many pyramid schemes and investment scams making headlines lately, you'd think investors would be more wary by now. “They're not,” says investment expert Francois Joubert. “People haven't learned their lesson and are still falling for these investment scams.” Here's how to make sure you're not one of them, especially on the back of news that Defencex's boss has just launched a new ... ››› more
“Francois, I've been approached to invest in XXX. I've been told I can get a guaranteed return of 50% every 75 days. Should I invest in this great opportunity?”
I've received mails like these a thousand times.
Investment opportunities like this simply sound too good to be true.
And they usually are…
For instance, a few years back I warned a family member against the Sharemax pyra... ››› more
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