Cash Plus Group Limited was established in 2002 by mortgage broker Mr .Carlos O. Hill. The organization primarily invests in Real Estate, telecommunications, and the gaming industry (adopted from club documents). Basically, Cash Plus has become a household name in Jamaica primarily because it has become the poor man’s financial messiah and is a way of escape for those desirous of a 10% per month financial hope. To some, it’s a ticking time bomb. If you are considering investing in Cash Plus, you must dare to ask pertinent questions – at least, the most obvious; “Is this ship going to sink with my hard earned money?” Well, I can’t say for sure. But here is some info that may help you decide:
- Investors have been getting their returns. That’s important!
- The Real Estate market and the telecommunication industry are two industries that possess the dollar signs now and for the future. So Cash Plus seems to be going in the right direction.
- Cash Plus presents documented ‘details’ of their plans for future investment expansion/development. It might not be gospel, but it does give investors and potential investors a feel of the ethos of the organization.
Some Red Flags:
- They are not regulated by the FSC. It is paramount that the investor ascertains as much information regarding tax issues before investing.
- I haven’t read any information regarding their compliance with the anti-money laundering act, nor the insurance of clients’ monies.
- It is a high risk investment.
What do you need to join:
- A referral fro ma member
- TRN
- Money – no less than J$100,000 (in the form of a managers cheque)
- Proof of Address
- Valid I. D.
- Character reference (from a Justice of the Peace or Minister of Religion)
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Andre P. Llewellyn 2007 ©
