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A lengthy update from Feederfund. They’re closing down officially. It’s a shame.

31 May 2007

It is with deep regret that we have to inform you that FeederFund is closing down. It was set up with the desire to provide an opportunity for small investors to take advantage of high risk, but equally high return unregulated investments as per our Membership and Subscription Terms.

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Feederfund is liquidating all account payments by the end of the month. So much for a 2 year “solid” program.

We are in the process of winding up all liquid accounts for payment to members by the end of the month. Our position is now untenable as many members are wrongly accusing us of fraudulent actions. We refute this absolutely. The situation with FXIG and ITS has been plainly disastrous, but the accusations mainly stem from our support of PSHI, which we were fraudulently deceived about.

Read the full post of FeederFund - As Good As Dead

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From Noponzi comes an update with Global Forex Club having problems,

I was testing this private program with a minimum amount of money, and now I don’t recommend you to invest in it. I have removed it from my portfolio: they had more than 50% in losses before and there are not news from the Admin of this program since March.

Read the full post of Global Forex Club Hitches

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