English:

Some member asked me by email what I think about Imperiainvest and I want to give you my opinion here.

First of all I imagine that you heard this sentence before: “if something is too good to be truth then it´s not true.”

Well, do you really think that paying $50 you will receive $80.000?. And some other nonsenses:

“In conclusion it is to say that a TEP investor can receive a loan of 80,000 US$ with a one-time investment of US$ 50. Plain And simple. This loan should be used for trading on the financial markets emphatically. We have created a proper platform for that issue to give you daily profits of 1.2%, which are guaranteed by money market arbitrage situations.”

1,2% daily trading in arbitrage???, their own platform?. It´s too much for me and for someone else. If that was true then all of us would be millionaires!.

It´s a total scam based in Global Pension Plan idea. I think that they will receive a lot of members paying $50 and when they get enough money then they will dissapear without paying 1 cent. As you know many people will pay $50 because it´s few money with the illusion to receive that great amount. Don´t do it: you will lose this $50 and of course forget your illusions to be paid.

Español:

Un miembro de este programa me preguntaba por email mi opinión sobre Imperiainvest y quería dar mi opinión aquí.

Lo primero es que imagino que ya has oido alguna vez esta frase: “si algo es muy bueno para ser verdad entonces no es verdad”

Bien, ¿de verdad pensáis que pagando $50 vais a conseguir $80.000?. Y algunas otras tonterías:

“Concluyendo se puede decir que un inversor TEP puede recibir un préstamo de $80.000 con una simple inversión de $50. Así de simple. Este préstamo debería usarse posteriormente para tradear en los mercados financieros. Hemos creado la plataforma apropiada para ello y para daros unos beneficios diarios del 1,2%”, que son garantizados por situaciones dadas en el mercado de dinero por arbitraje.”

¿1,2% diario en arbitraje?, ¿su propia plataforma?. Es demasiado para mi y para cualquiera. Si eso fuera cierto todos seríamos millonarios.

Es un scam total basado en la idea de Global Pension Plan. Creo que captarán muchos clientes pagando esos $50 porque se trata de poco dinero con la ilusión de conseguir una gran cantidad. No lo hagas: perderás estos $50 y por supuesto olvida la ilusión de que te paguen.

Update from Milbay Finance S.A.:

This month our office in Uruguay will send to this Government the annual presentation of the Milbay Finance´s tax return by the finalized exercise in 30-November-2007, and we will also update and pay the annual fee for the SAFI.

Regards

It seems that reliable investment programs are dissapearing or moving to a new different venture. As you can read in my last post Infinity Shares is closing their doors too.

There are some problems now and many people are angry and waiting to be refunded by Dan (Life Holdings´ Admin) but he promises to refund all investors and moving to a different venture.

You can read some more information in Jude´s Forum:

http://nobsnetwork.net/specific-hyip-discussion/404-life-holdings.html

In his last words, Jude (who is in contact with Dan) posted this news:

The refunds for everyone will come.

I have yet to receive my wire, (no i haven’t pull out, just a small withdrawal for something very important at home), but I’ll update in due course.

Also, for those who doesn’t want to pull out of LH, there’s probably no chance for that. Your money will be refunded too, I’ve adviced Dan to do this for everyone.

He’ll come up with something new, legalized so that everyone can be reassured in case he screws up (like this time with the withdrawals and all)

If he pulls something, rest assure I’ll be on it.

It´s a pity that this program is going to close the doors, there are few reliable investment programs nowadays. I wish to this team good luck and my sincere congratulations for being so honest. They posted that they will refund all their investors and I trust in these words:

Dear members,

The last couple of months, the activity of trading from ISFIC was rather low and now it is time to come to the conclusion that we must close the program. First of all, I want to state no money has been lost and that certainly is not the reason for closing, everyone will receive the amount of cash in their account balance or as shares back.

The low amount of activity and the resulting closure of ISFIC has much to do with the decreased interest and time for trading. Both Christian’s and my schedule in real life has been so packed that there was barely time leftover to trade. The fact that my interests have moved over the last months from trading to other area’s, certainly did not help. There was only one conclusion left that could be made and that is closure.

I personally see ISFIC as a successful program, that ran good for 20 months with about 80% profit since the beginning, something not many online and offline ventures will repeat. More than 95% of our members are in good profits and that is what they will be paid out.

Now to arrange the practical side of this closure, I would like to ask everyone to sell their shares and withdraw their amount in the Cash Balance as soon as possible. I will process them all one by one, a timeframe will be given once I have an overview of the amount of cash needed. Special withdrawals can be asked by contacting me on Yahoo IM (leave a message) or by a support ticket. In case you won a contest prize, do send a support ticket including your name and the amount you want to withdraw, we will add the winnings to it.

The site of ISFIC will stay online till the end of January, then I will mail you all the address of a free hosted forum for those who still haven’t made their withdrawals, their you will still have to opportunity to withdraw your cash.

I want to thank you all for being a part of this project and giving us the opportunity to make it work, we had a good run and I hope we proved that honest programs do exist, and you do can make profits online!

Our best wishes for 2008 and may your dreams come true!!

The ISFIC Team
Stijn, Christian and Steven

Some days ago they told everybody that they were working to become a more mainstream trading fund, moving to the professional arena:

Hi There Everyone,

I am so sorry for not getting back to you guys sooner than this!!

We have open positions running and I was giving them the first week in
August to close so I could account for them….after it became apparent that
they would run for longer I was going to update you all last week.

However as some of you may have noticed our Hosting company went down,
taking the site and email along with it!!!

After yelling at them it was clear that we seemed to be hitting a brick wall
there so Ken and I decided to get a New Domain: Northsea Forex Group Ltd | NSFG
and have just got that up and running.

The dot com domain will be transferred over shortly, but at the moment both
Ken and I are using the dot eu domain for emails.

Okay, right well because the Open positions are currently still running I
have to report the July position as Flat, which mean no gain or loss on
account but we are confident that this will ultimately prove very positive
when they close. However we can not say with any certainty when this is
going to be closed as it totally depends on market conditions.

With this in mind Ken and I have decided to take a step that we have been
planning on taking for a while now, and just needed the right time, due to
the current situation now is a good a time as any.

Northsea Forex Group Ltd wants to become a more mainstream trading fund and to do that we need to step out of the grey area and move into the
professional arena and due to the current political climate need to protect
both us and yourselves from any potential problems that may occur. The
problem that we have is the Pool Account plain and simple. Under current
regulations we are required to “know our clients”, this means that a full
compliance check is done on each of them……if you know any Managed
Account Holders then you will know this can be a lengthy process. Currently
we don’t actually know any of you, at least not to a satisfactory level
required by law. We can not undertake the same process that a Managed
Account client goes through for each of you….it would take an age.

Obviously this is not an option for the pool members, and we have no
intention of closing the pool down or anything. What we are doing however is
a restructuring behind the scenes which will most likely result in the Pool
being licensed to a third party who will then become a client in their own
right as well as complying with all sorts of regulations and tax issues. You
guys will probably not even notice anything has changed to be honest.

The downside of this is that it might take a while for us to get everything
sorted. After taking advice from various sources we have started this
process, as not only will it make it better for everyone in the long run, it
will also mean that we will avoid any such problems that occurred at the
start of last year which would be bad obviously!!

While we are going to be undertaking this we are going to have to cease all
financial activity for Northsea Forex Group that involves the Pool Account,
this includes trading, while this happens. This does not include the current
open positions which were made prior to this undertaking. I warn you now
that this will probably take a few months to get sorted. It is something
that really does have to be done, and as we are locked with the open
positions anyway now is the best time to do it.

We do apologize in advance for the inconvenience this may cause.

In regards to the July Statements, they will probably not come out till the
end of August, as the email programme is coded into the system using the dot
com domain and we will either have to wait for it to resolve over to the new
hosts or if that looks like it will take to long then we will get it recoded
to the new domain.

Again, I apologize for the delay in getting an update out to you guys.
Please also note that if you have sent me an email in the last week or so I
will not, and probably will never get it, if you sent it to the dot com
address.

Have a great week and I hope you enjoy what is left of the Summer!
Paul

Now they say to close the fund due to a margin call on all their accounts:

Important Update

Yesterday evening our broker in London, BGC, made a margin call on all our accounts after a drop in equity made it impossible for us to maintain the large open negative positions we have been holding for a while. It forced us to liquidate all open market positions, including both arbitrary trades and the hedged position for an all out loss. The large negative P&L had been built up as the global equity markets plummeted following the serious credit concerns and it caused a major unwound of the carry trades, not only in the Yen pairs but also in the Swiss Franc crosses. Attempts to trade around these arbitrary positions failed and we are forced to close down the company following this margin call since we have no liquidity left. Hundreds if not thousands of hedge funds and investment firms around the world have severely suffered from this global incident and we regret not to have
been able to pull ourselves through the credit crisis unharmed.

This liquidation has serious consequences for everyone involved. Personally, I have lost my own private trading account and are now forced to sell my house and liquidate my personal assets to be able to cover expenses until I can move and I will most likely end up with a serious amount of debt to banks and credit institutes. Along the way NSFG has been confronted with obstacle after obstacle and although we have tried our very best to stair clear of these obstacles, this last financial crisis killed our dream. There is no way we can regain what has been lost and the sensible thing to do is pull the plug now and get things closed down for good.

Ken, on behalf of NSFG Ltd.

I hope that they can show proofs of this “margin call” to all their investors. Nowadays many investment programs (and ponzi schemes) are telling lies to close as soon as possible.

You can read the last news in the Forum of Life-Holdings website, he will pay a profit even to members that will be refunded:

Hello,

Regards,
Dan

Although I am not an investor in this reliable program (I have been successfully refunded yet) I  am thinking to invest here in the future again. I hope Dan will be able to fix his problems with the bank and legalizing his program

__________________

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We could see an interview with this new business in the Spanish television. I think that we all need more investments like this one

As you know the last week (june 16th) the profit was 0% in life-holdings because Dan had not received the funds and there are many problems with exchangers now. He also has some problems with his bank:

L-H Updates » June 16th: 0%.

Hello,

I made a small profit this week, but I still haven’t received the funds so I can actually make the payments. The profits will be rolled over and I will make payments when the exchanges are completed.

I will write a more complete update first thing on Monday morning.

Regards,
Dan

Nothing new right now, but I can tell I will be making immediate changes - to be announced this week - to the payment schedule in order to avoid future delays and problems with the transfers I have to do to bring the profits online and pay all of you.

I’m also looking into some offshore options so I can accept and make payments via wire transfers in the near future.

One more thing, I want to thank you ALL for your patience with me, I am very grateful to see so much support right now. Thank you.

Regards,
Dan

Now you can add the problems he is suffering with the hosting and sometimes the website is off line. We all hope that Dan can resolve these problems with success. It’s great that he thinks in an offshore solution to avoid these problems with e-currencies and it’s also the best option to send and receive funds by wire transfer.

We’ll wait the new updates.

Hello,

Regards,
Dan