nobsMailing List
Sign up for our free monthly e-newsletter.
nobsNetwork
Nobs Network Forum Nobs Invest - Nobs Investment Community Nobs Forex Blog Forex for Beginner
nobsPopular Entries
From HYIPDiscussion, as aurea updates on the next Legisi changes,
Hi everyone!
Back from the LegisiTrip to sunny Mexico!
The trip was a fantastic success for all!At the banquet Greg made a few announcements.
These were confirmed and expanded upon with a post in the Legisi Forum on Thursday night:“Attention Legisi Account Holders,
Following Greg’s announcements last week in Mexico, and after careful consideration, it has been decided that the Legisi program will go completely private on June 1st (approx. six weeks from now). This means that no new “accounts” will be created after June 1st, 2007. Also, the 6% rate for “new” deposits will go into effect on June 1st as well. Any funds deposited into either the Balanced or VIP Funds prior to June 1st will complete their 4 or 12-month terms respectively.
Any funds redeposited after June 1st will earn 6% monthly (still doubling your money every year when compounded at 100%!).
So get your funds in NOW if you want to get into the last 10% or 12.5% fund cycles. Further more, spread the word to any friends, family members, or referrals who are on the fence - time is running out and the clock is ticking! You will continue to earn referrals on any money redeposited after June 1st, but your friends, family members, and referrals have only six weeks to get their initial accounts created and funded.
The new $1,000 minimum will actually go into effect Monday, April 16th (this coming Monday).
As you all know, Greg originally announced that at $100M in total deposits he was going to close Legisi to new members. At the rate funds are coming in, that target is likely to be reached around June anyway. By setting a specific date, we are all better able to know exactly what is going to happen and when it is happening so we can prepare.
To clarify:
April 16th - minimum deposit increases to $1K.
June 1st - Legisi closes to new Members.
June 1st - All marketing of Legisi.com and affiliate sites ceases.
After June 1st - any new deposits from existing Members or redeposits will earn 6% per month.
All deposits made prior to June 1st will be paid out at their current rates for their entire term.
Referral bonuses will continue to be paid on all new deposits from existing Members or redeposits.”Please contact me if you have any questions or need any assistance in opening and funding your Legisi account.
I would be pleased to share my many ideas (pertaining to your own individual situation) on how to make the most of this great opportunity.Thanks for your interest in Legisi!
To your success!
aurea (Legisi Forum moderator)
Popularity: 2% [?]
O Boy! the flags are out and they are red!
lol, agree
Yep! “Hurry up and invest”, “we’re gong private”, and “get your family and friends in now” are all ploys at last ditch efforts to get more money fast. History shows that Legisi will most likely start payment “problems”/excuses around June 15th and close around the end of July.
If you’re in Legisi and can get your money out by June 1st, do it. If you’re not in Legisi, but are thinking about it. Forget it.
Good luck to all those that won’t be in profit by mid-June!
JMO,
Sharon
Going private on itself without crashing down or scamming is rare, BUT it is of course possible. But the big red flags is: “we upping the minimum to a 1000$ before closure and get in fast before we close!!” Why does a site that closes for new members need to up the minimum first?
What worries me is that I can no longer find their forum! I just registered for the heck of it to see if I can notice some concerned comments in the forum, but I can find no link to it on the Legisi website, nor on google. Am I just blind or did they get rid of any reference to their members forum??
You can’t find the link for the forum, because you have no active deposit.
I see a lot of scepticism here, but i can assure you that legisi is not a scam, and will not go down after June, nor in the near future
I can bet on that.
Good luck with your investments.
igorce, I hope you are right, but the scepticism here is based on fact and experience of hundreds of other longer term paying programs, with many supporters, going private, announcing it 6-12 weeks ahead of time and lowering the returns after the deadline.
Truely, there are so many, I bet the person who has the “ponzi scam” website could name at least 25 right off the top of his head, Solid investment, ibiza, G.O.D. ( although I still have a small amount of hope for that one) and so many countless others.
For me, it’s a song I’ve heard so many times that I know the words by heart.
Good luck to all who’ve invested, I hope this one is the exception to the rule.
I see one major, verifiable difference between Legisi and “similar” programs you mentioned. There are numerous people who personally know Greg, have talked to him, have visited the house he owns, etc. I.e., he is a known, real-world person, and if he were to pull a scam, he would be arrested for fraud in a heartbeat. I have been the victim of numerous scams (not as many as some of you, I’m sure, since I’ve been in the arena for only 6 months), but in none of them did anyone know who to go after, or where to go after them. They operated in solely in cyberspace, and simply vanished without a trace. Just shut the servers down and disappeared. Greg can’t do that, and so, I believe, has not intention of scamming anyone.
Somebody shoot some holes in my thinking, because I’m considering violating all the rules and loaning him some money I can’t afford to lose.
Hi Dave,
Even if people know what he looks like, there is nothing to prevent him from packing up and moving to an island somewhere. Also, he does not guarantee returns, so if/when he closes up shop, lenders do not have anything to stand on for legal proceedings. If he scams and those that lost money band together and higher a good lawyer, then there is a chance that you can press criminal proceedings against him. However, the chance of recovering funds is slim.
More importantly, never, ever loan/bet/deposit/spend money that you can’t afford to lose. Even if you can prove Legisi or any other program is legitimate, it is never advisable to put money at risk that you need for something else. This goes for all online and all offline investments. Even if it takes longer to build up an income, it is still better than risking money needed elsewhere and taking the chance of losing some or all of it.
JMO,
Sharon
Dave h551,
I can only say 1 thing to try to “shoot some holes in your thinking”
MURPHY’S LAW
Please don’t invest what you can’t afford to lose, there are already to many sad stories of people who have done that, some have actually put morgages on their homes & taken loans from credit cards to invest in programs they believe in, and lost everything.
I have to agree with Lily here, there is absolutely no guarantee that my law will not apply here as anywhere else. I have no view on whether legisi is legitimate or not because I know very little about it but there are a whole host of things that could go wrong which may be outside of legisi control. Please do not invest funds that you cannot source from surplus funds.
Murphy
Legisi is a big joke, and only an idiot would give them their money.
There might be a few who started at the beginning and can actually say they made their original loans back interest, but those are few, wait until the shit hits the fan, and thye just have no money left to pay back. What then.
It won’t be that he stole your money, it will be that their is no money left in the bank and the game is over, the idiots lose, and you cannot do anything to get your money back. REMEMBER: it is just an unsecured loan, and the first in are the first out and the only ones to make money, but they are just as guilty as the owners.
What can you do if they tell you the bank is empty???
“New Changes”
What were the old changes?
The Banquet, to bad nothing more was said then the
“NEW Changes”. This business runs on worthless testimonials and a worthless interview with Greg.
He must think everyone is a bunch of morons, I guess he is probably correct.
Check this site out.
http://www.e-goldxchangers.com/
Can you bellieve this BS?
lol, that’s probably a hate site for Greg Mcknight and don’t mean anything.
It is not a hate site at all, it is his own attempt to try and sell. But a feeble attempt at that. It just exposes himself for what he really is. Just check it out!!!
Honest?! Then I think he’s doing a really really bad job on this one. It doesn’t appeal to me at all. Thanks for clearing my air TicToc
It is no different then he has been doing all along, including that worhtless interview!
Legisi is a bag of BS
Check out the way the SOB is using your money, not exactly the way he said he would. And it even seems like another scam & swindle. He does not quite say how he intends to keep the people in their homes.
He probably ends up owning the homes at a swindler’s price. Once again there is no real information on what or how he does what he does in this new business. just some more BS! Is this where the loan money goes???
Anyway here is the site:
http://legisimarketing.com/foreclosure.html
There was a post by Greg on their forum that announced that the withdrawal processing time has been increased from 3 days to 10 days. This is due to the egold funds being seized, and they need more time to sell off the commodities so they don’t lose money. He actually mentions bankruptcy in the post.
You do not need a deposit account with them to access their forum. Just register with an email account that doesn’t matter to you. You can get in and look around for a while, but eventually they catch on and ban your email address.
Here is the link to the forum:
http://206.225.92.43/phpbb2/login.php
Thanks for sharing, but I really don’t see the point of following up unless your funds are stuck inside.
Still, thank you. I’ll let everyone know so they can take a look and maybe see what’s the next step of possible recovery.
Even when taking into account the 10 day processing time, funds should have been
on my account
Just received an email telling my to withdraw my $$$ but tried to do so thru their support link, but the darn link doesn’t work.
Are these people playing games or what?