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)
__________________________________________________________________________
Andre P. Llewellyn 2007 ©
David said,
September 12, 2007 at 4:26 pm
Andre, can you tell me anything about Higgins Warner. There web site said they pay 20 percent a month but I could not find out anything on if they are legit or a scam. Any help would be appriciated.
Juliet said,
September 13, 2007 at 5:35 pm
Hi David,
I am currently a member of Higgins Warner Group. It would be great if Andre do some checks and give us is views on them. Based on my experience and that of other investors that I personally know, They are very much ligit. They have an office here in Montego Bay at Baywest Plaza. They came to Jamaica in 2005. I believe thay have been around since 1991 though.
They do give a 20% returns monthly. I already receive my first return. Expecting my next return this month. I know persons who have already gone through the 6 months and further. The contract lasted for 6 months. Its is up to you to roll over your principal if you like. In this case, you would need to notify them atleast 2 weeks prior to the maturity date. If not, they will be wiring your principal to you. At that time it would be up to you to start a new contract if you like.
If you sweep all the links on their site, you will learn more interms of the company. It does not mention much about the investment. They are simply borrowing our money and share the profit with us. They have invested in Sports.(see info on site about the World football Idol in Argentina) Read more on the site. Max Higgins is the president of that organisation
They are in Fashion, Entertainment, music, movies, etc. You can call their office here or Argentina if you so desire. I would also emplore Andre to contact me so I can give him the numbers to call.
One of their recent investments is in two hotels at Disney inclusive of a Casino.
They have great plans in the pipeline. These are what you can try and find out.
If you are interested in calling them you can contact me at Juliet.fray@gmail.com.
Also on the site there exist a way that you can contact them for Information. thats what I did prior to starting.
Best of luck
elaine foster said,
September 28, 2007 at 5:52 am
hi Juliet, i just found out about this investment.I am happy to know that you already got a return. can you please send me contact info. such as phone # in jamaica. Thanks and good luck.
Juliet said,
October 1, 2007 at 6:30 pm
Hi Elaine,
Whats your email address?
julieth hall said,
October 1, 2007 at 9:01 pm
this sounds like a very good investment could you send me some information on same, good to know you are sharing with others. I need contact # etc
Juliet said,
October 1, 2007 at 9:40 pm
I am going to need the email address for you ladies.
I am not sure if I can give out numbers on this site.
Juliet said,
October 1, 2007 at 9:45 pm
Actually Elaine,
I got two returns so far. It was on time. I started the 27 so for my first return, I checked early on the 28. Thus it was there from the 27.
#5 Julieth,
I am always happy to share with others as long as its something good.
koli-ann dercruz said,
October 3, 2007 at 2:27 am
i would like to joint this higgins warner group, cand i joint it from here in the united kingdom or do i have to go home to jamaica to joint.
Juliet said,
October 9, 2007 at 6:49 pm
Actually Koli-Ann,
The contract given by higgins warner is also valid in the U.k In case you need further info on how to do it from the U.K. You can contact me. Thats Juliet.Fray@gmail.com. I’ll give you the contact for their office and they will direct you from there.
all the best
tovanya said,
October 14, 2007 at 8:00 pm
i am a jamaican living in the uk and need to open a cash plus acc how do i go about doing so if this is possible . can i get the necessary information about the procedures that is required to jion the company either in the uk or in jamaica. you can e mail me with the information.
rie said,
October 15, 2007 at 2:29 pm
anyone in the Miami area who got their money this month from Higgins warner let me know. I have not received mine for August.
Alecia said,
October 15, 2007 at 7:38 pm
hey juliet,
i am also a memeber of the max higgins investment and I just heard some news that they have freeze their accounts for audit purposes. Have u heard anything?
debby said,
October 16, 2007 at 2:56 pm
what is the minium amount to invest?
juliet said,
October 16, 2007 at 8:21 pm
Hi Rie,
You need to contact them at 876-971-2324 or 876-426-7616. let me know if you still have not receive your returns,please let me know. I have receiving mine. I know the agents are on a world tour with regards to the world football Idol. I am not sure what is happening at the office. I have a feeling that it can be sorted out.
rie said,
October 18, 2007 at 11:45 am
Hi Juliet, you are right, I spoke to Max Higgins and they are making some changes, so he asks us to be patient with him, we received for August now ,an September but not for early October yet. He ask us to give him a few days, as it was the bank in Jamaica that was giving the problem.I believe all will be well, thanks for the numbers I will call them,
jacqi said,
October 19, 2007 at 1:51 pm
hi rie i am also with higgins and ihave not receive my intrest for october i have got 3 acc with them i was begining to get woried i live in london after reading your coment i feel better thanks
rie said,
October 20, 2007 at 10:22 am
still have not received my money from the 8th of October. from Higgins Warner I tried to call the numbers that Juliet posted,but they dont work. Does anyone have their new numbers ? I also sent an email and no response.
jacqi said,
October 20, 2007 at 3:44 pm
hi rie i have not receive my money from 10 october i did phone them and got through phone no 9712324
Mark said,
October 20, 2007 at 4:56 pm
Hi Higgins People,
In every good thing and persons with good intentions there is always some force of evil tyring to knock them down. I know Max Higgins and his office have no problem paying its lenders. The problem is a particular bank that they were doing business with. However the bank had no valid reason to act in a malicious manner and has now started to facilitate business. So like post #15 says, the President asks for your patience and understanding as he resolve this small obstacle. Hence dont worry yourself everything should be back to normal soon.
God bless the Higgins Warner Group.
Anyone that need more information on Higgins Warner, contact me at:
linkupgt@yahoo.com
rie said,
October 21, 2007 at 12:12 pm
Hi Jacqi,are you in J.A. or in the U.S.A ?
Kymn said,
October 22, 2007 at 2:29 pm
Juliet,
I am not getting through to Higgins Warner’s office, can you tell if they are still operating, experiencing problems or what is up. I see that they request patience, but I just am not hearing anything, no e-mail response no telephone answered.
Can you get me an update?
rie said,
October 22, 2007 at 5:01 pm
971-2324 is the number I got them on today after several attempts. They asked for the same patience and told me they have been backed up with work,but is now sorting things out. The lady assured me that this will be cleared up by the end of the month and will not happen again , as they have gotten extra help. They really seem to be doing their best, however some people really do have commitments for that monthly money, hope things are back to normal soon and wish them all the best.
jacqi said,
October 22, 2007 at 5:35 pm
hi rie i am in england glad to know that you got through to them hope thing get sorted soon
Kymn said,
October 22, 2007 at 7:20 pm
Thanks Rie,
I am glad that you got through to them. I guess the wait is still on.
Cynthia L. Stewart said,
October 24, 2007 at 6:28 am
Hi all…i attempted to send an e-mail to julie @ the e-mails addresses that appeared on this blog but they are not correct addresses…Julie,if you’re out there please respond with your corrected e-mail address…you really appear to be well informed and up on the warner higgin’s group. Thanks…Cynthia L. Stewart
Cynthia L. Stewart said,
October 24, 2007 at 6:31 am
Hi All…trying to reach julie…your e-mail addresses may be incorrect as they appear on this blog…i tried to send you an email and couldn’t. Thanks..Cynthia L.Stewart
Rohan said,
October 24, 2007 at 12:52 pm
Hi,
I need a referal for this HigginsWarner club. Can some one recomends me.
jacqi said,
October 24, 2007 at 1:27 pm
hi rohan i will recomend you.what your email address and i will send you detail.
odette samuels said,
October 24, 2007 at 1:36 pm
Hi Rohan,
I will refer you. You can email me at odettesam@bellsouth.net
Rohan said,
October 24, 2007 at 1:40 pm
rohdoug@gmail.com
Rohan said,
October 24, 2007 at 1:43 pm
But can I increase the loan when ever I want to.
odette samuels said,
October 24, 2007 at 2:15 pm
I do not think you can, but I stand corrected. When you enter into a contract, it runs for 6 months. You are, however, allowed to have several contracts running simultaneously.
Ricky said,
October 24, 2007 at 8:15 pm
Hey everyone is this company the same found on the Higgins Warner Corp website. They seem to be in football and film and some other things. If so is this guy Max Higgins from Jamaica and whats the minimum you can invest and how come he is not all over the media like Cash Plus is? Maybe they keep a lower profile which is better. Well just need some info. The banks always seem to be haters whenever you take ur money to put it into somn better.
rie said,
October 24, 2007 at 10:37 pm
Hi Ricky, yes he is the same Max Higgins from Jamaica. What I like about him you can easily reach him in Argentina. Whenever you call he is always available to talk to his clients on the phone. I spoke to him this morning, he was away on business, however he saw my email and made the time to call.He has to be sorting out some setbacks at this time but assured me that by next Tuesday all will be up and running perfectly.As you say the banks hate it when you put your money somewhere better. After all that cuts the huge profits that they make and keep mostly to themselves.
Bobby said,
October 25, 2007 at 12:45 am
Hello, can someone send me some information on this investment or a referral to the club. Much appreciated.
odette samuels said,
October 25, 2007 at 1:35 pm
Hi Bobby, where are you located and what is your e-mail address?
Simon Thompson said,
October 25, 2007 at 3:57 pm
This investment with Higgins sounds great i would love to get involved. Can some one please give me a recomendation?
odette samuels said,
October 25, 2007 at 4:19 pm
Hi Simon,
What is your email address?
Alexander Gilzene said,
October 25, 2007 at 5:49 pm
Hi can someone send me some information on this investment. Much appreciated.
Cee said,
October 25, 2007 at 6:04 pm
Hey Guys,
I mad an investment with them as well. I am expecting the pay out today. Not sure what is happening. No funds yet. Still waiting
C
sasha miller said,
October 26, 2007 at 12:16 am
i am in the uk can i get some info on how to join your company . Plz i have a lot of interest.
rie said,
October 26, 2007 at 12:43 am
Sasha send your email address so I can forward information.
Carl said,
October 26, 2007 at 3:36 am
I made an investment in August 2007, and after many phone calls from Canada where I live costing over $100.00 and taking one full day off from work to be able to get through to them, and having others calling from Jamaica on my behalf , I was finally promised that I would have had September’s and October’s interest (due from the 13th.) deposited in my account .Checked this morning and only September’s payment was made. The bad thing about them is that the 6 girls and one gentleman that I have been talking to over the last month all have different and conflicting answers. When we asked what happend to October’s payment , we were told that they thought that two payments were made. Then they say that they dont know when the other payment will be made because they dont want to give a date and they cant live up to it. At leats one honest person at last! The Principals are away yes, but does that mean that investors must suffer? When Lee Chin is in Canada Does NCB not pay its shareholders and account holders. They dont strike me as being honest or even caring about us. On the other hand Cash plus has never been late neither world wise, always prompt and yet they are being targeted for bashing more that Higgins group. I am going to email the owner in Argentina and se if I have better luck because I am loosing money. My sister has a significant sum to invest wth them I told her to wait for the next two months and see. I know people who got paid the following day after they emailed them last week. Even though they did not respond to the mails. I hope FSC dont have to get involved as they are wanting to. If we complain to them that will not be good for anybody but I need my money. The Jamaica office is not busines like. A contract is a contract.
Carl
MikeyC said,
October 26, 2007 at 4:12 am
Interested in allocating some risk capital in Higgins Group. I live in Florida. can someone please brief me on the procedure? I understand that one needs to be referred by a member. I would greatly appreciate any help that you can provide…
Sincerely
anthony said,
October 26, 2007 at 5:24 am
Hi there everyone .. I am looking to joine the Higgins Group can anyone ref me to this group and send me the web site thanks
Cee said,
October 26, 2007 at 4:13 pm
I still haven’t received my first month interest payment due yesterday the 25th. I am concerned. Is it too early, I don’t think so. I am not nervous about it, but it worries me that I can’t get through to anyone on any of the numbers that I have seen. Does anyone know who I can contact and a number that works…..
Simmy said,
October 26, 2007 at 4:58 pm
If you live in Florida and needs a ref to Higgins Warner. Email me at discotec@bellsouth.net
rie said,
October 30, 2007 at 3:10 am
I am also willing to refer people to Higgins Warner. geomar24@hotmail.com
Le Krox said,
October 30, 2007 at 8:37 pm
Hey, I want to invest in Higgins Warner. Can you send me some information Mi mail is croni13@hotmail.com
Simmy said,
October 31, 2007 at 6:42 pm
All Higgins Warner clients. They resolved their banking issues and start paying investors again. I checked my account yesterday and my returns were there.
rie said,
October 31, 2007 at 9:17 pm
great to hear simmy !!! The Director asked us for patience and he did deliver.We really cannot compare him to Cash plus and the others ,really no one can swear for anyone else, but with Higgins Warner you can talk to Mr. Max Higgins as long as he is in office which is most of the times ,TO KNOW EXACTLY WHAT IS GOING ON WITH YOUR MONEY I too got my money for this month and really hope that everyone else is happy. I heard it was the investors in the U.S. and other parts of the world who were not getting their returns on time.The accounts in Jamaica seem to have been O.K.Anyone who knows other wise please let me know.
Sparkle said,
November 2, 2007 at 8:46 pm
I know for a fact that it is not only the US clients that are being affected, with the late payment of interest. I know of individuals who reside in JA who still have not received theirs. I have one payment due on October 20 and another due today, November 2. Neither has been paid yet. Its a bit puzzling that the are experiencing bank issues yet whenever you speak with someone in the office, the reason is always back log – I dont know which to believe. I wonder how long will it take to clear the log.
Drea said,
November 2, 2007 at 9:39 pm
Hi
This sounds too good to be true. But I am willing to hear more about it. The greater the risk the greater the reward!
Please send me some more detail about how I can invest.
Wilfred said,
November 2, 2007 at 9:43 pm
The back-log is due to the problems they experienced recently with the banks. there are hundreds of customers to be paid daily..so if there is a back log of say a week then it will take some time to clear. They should be about 90% clear now where the backlog is concerned and so things should be back on stream in a couple of days
Bar said,
November 2, 2007 at 11:43 pm
I received my payment yesterday for due date 11/05/07. Drea send me your email and I will give you all the detail about the Company.
Deborah Manning said,
November 3, 2007 at 3:17 am
I always wonder how it is that educated people can be so motivated by greed. You do the math. Invest 100,000 at 20% per month over 5 years. Thats over 32 million dollars. This company would not only make me into a millionare in 5 years but I could comfortably retire. Why then is it that people who REALLY have money aren’t beating down the company’s doors to get these returns when in fact so many people know about it through their viral marketing? Because its just a mathematical impossibility. What could you possibly be investing in to pay me 240% per year and still retain a profit for yourself? I think when it comes crashing down the sound will be greater than the world trade centre…only this time it is really YOUR money that will really burn!
QUICKSILVER INVESTMENTS said,
November 3, 2007 at 8:29 am
Higgins Warner now paying. World Wise still has some auditing issues to deal with. May Daisy paying on time. I also have funds with the followiing sites as well…check them out for yourself…. http://www.finanzasforex.com/quicksilver and
http://www.online-capital.com/content/quicksilverinvestment
rie said,
November 3, 2007 at 1:09 pm
I have heard the story of the dog and the bone several times as a child. Any how there are risky investments and there are investments that are less risky it depends on you ,if my brother is willing to take a risk and I dont want to all power to him. Some people prefer to stay safe and thats all right, but some people want the best for their kids and themselves and the 9-5 jobs wont cut it.It all depends where you settle in life and that is a personal choice.People like Donald Trump and Warren Buffet did not stay safe and achieve what they have , they took risks and lost millions too!!!. It is not a matter of greed either, have you ever stopped to realize the people who contribute the most to the poor in this world ? it is always the rich (the people who some would call greedy)one possible way of making great profits (unbelievable returns) is FOREIGN EXCHANGE.Some of these investment companies are scams no doubt about that, but some have been around for a long time and that is the hope that some people are having right now.It is important that we read what the various companies are investing in ,some are in foreign exchange ,some in real-estate ,cell phone business and so on. Thank goodness for websites like this ,so we can share and learn and not stay in the dark like our ancestors
Odette Samuels said,
November 3, 2007 at 8:26 pm
Deborah,
It has nothing to do with being educated. Life itself is a risk and many rich persons who made it to the top have taken great risks, some have lost and others have been lucky. I really dont see how you classify this as greed. Are you saying that all persons who have taken risks are greedy? Am I greedy when I invest on the stock market? Am I greedy if I decide to invest in any company of my choice, whether they promise large or small returns? Listen, its up to the individual if they choose to risk THEIR money. I have decided to risk mine, if I loose so be it. If I get lucky, more power to me. What does it matter where I invest it? Higgins Warner never said you could continue your investment for 5 years. The contracts run for 6 months and they do not allow you to compound your interest. I think you are confused. Do some research. I know that with Cash Plus you can lock in your investment for 5 years or more. Cash Plus has been around for over 4 years. Do you think that the person who started out in year 1 with $1Million for a year is now regretting it? I dont think so. Was that person greedy? I dont think so. Are you not a bit jealous? It could have crashed and they could have lost but it has not happened yet. I have some money in Cash Plus and what I made in one month is far greater than what I made in an entire year with my money on fixed deposit in the bank.
tamra said,
November 4, 2007 at 10:49 am
There is a reason why schemes like these are illegal in the US, UK, Canada and Australia. Always follow the principle of business: if it sounds too good to be true, it probably is. In these uncertain market times world wide, this “business venture” will eventually crash and burn. Unfortunately, like every scheme before it, its all about timing. Rome was not built in a day and the crash will not happen overnight. The only question one must ask himself is, when the walls come tumbling down, are you prepared to take the loss?
rie said,
November 4, 2007 at 12:16 pm
Foreign Exchange market is no scheme. Why are we so afraid of anything that involves making money ? some of us tend to think it is evil and we are not deserving of it !!!. Yes there are lots of schemes out there but some are actual legit investments.Take for instance Bank of America, they make millions from our money each night off the forex markets !!!Do people call that illegal ? NO !!! The larger countries are more concerned about collecting their taxes than anything else, if there is a way to collect taxes from the investors then that business is legal, if taxes cannot be collected then it can never be a legal business, which you really cannot blame them, but dont you for one moment think that it is our safety why they are deeming these businesses illegal.After all the commercial banks are doing the same thing using our money, only that we are not sharing the profits with them and the government gets taxes .If there are other ways out there that you guys can share to help people lift their standard of life and give hope to the less fortunate then lets hear, but for now I think we have been afraid too long ,thinking we do not deserve so much. We think it is better for us to stay in our comfort zone and be content with the little we have. How are we going to achieve if we dont take risks ?I dont see greed in wanting to take a cruise once in a while or to fly to Paris, what I see greed in is the big Don out there trying to sell drugs to our young people giving them no future THAT MY FRIEND IS GREED !!! I am not saying that hard working people should through their hard earned money into the hands of scams ,what I am saying is IF YU WANT GOOD YU NOSE HAVE FI RUN and that means coming out of our comfort zone at times and looking for the more solid investments.Why do we settle to be the servants ( not that there is anything wrong with that ) all the time, after serving for a while we should have the desire to be served too!!!. Then again YOU CAN LEAD TH E HORSE TO THE WATER BUT YOU CANNOT FORCE HIM TO DRINK.
And yes Tamara good question at the end , but when the walls come tumbling down ,if you are smart and not greedy, your principal plus lots of profit would have been long taken out.
Take care
Bryan said,
November 4, 2007 at 3:16 pm
I will endorse your comment ray, what people must understand is that life in the real world is all about risk. A vast majority of the Jamaican population has taken out a car loan at some point or another in their lives, isn’t that a risk we are taking? What if we should loose our job the day following, or a month down the road? We don’t think about that. Please note that most of our prominent businessman and women today have to take some degree of risk which causes most of these businesses to be successful. Nothing is wrong in taking a little risk, but you should always remember that you cannot afford to put up more than what you can afford to loose. I thank God for cash plus and while there business exist here in Jamaica, it will enable most Jamaicans including myself to stop been a slave to the lender which most of us are, when we keep on working and cannot see our way through because we have to be paying back these bank loans with there ridiculous interest rates.
Kevin2 said,
November 5, 2007 at 5:50 pm
Seems like there are good conversations here. But there are even better ones
on the other page “open channel” (see top left ).
Sharonette said,
November 6, 2007 at 4:26 pm
Hi
I am interested in the blogs that i have seen. Can I get a referral for Higgins Warner. And could i hear some more about May Daisy and what she offers
Sharonette said,
November 6, 2007 at 4:29 pm
Oh my email address is shergambino@yahoo.com
Martin said,
November 6, 2007 at 9:04 pm
Hey Folks,
Lol , Life is all about risk people ..whats life with out taking risk …..we need to think big and outside the box ……but any how i am really interested in finding out a lil more about these investment ventures. Can someone E-mail me a referral for Higgins Warner Group with some information (returns , Contact info etc. ) and could i hear some more about other investments group out like May Daisy.
violator_r1@yahoo.com
Thanks,
U.S. said,
November 7, 2007 at 11:35 pm
There is no doubt in my mind whatsoever that Cash Plus is a scam. Like all pyramid type schemes the people who have already invested money must convince themselves and hence others to invest….it is a form of denial that they could be scammed. The walls will come crashing down and the least able to afford to invest will be hurt the worst when they lose their money. I have seen many scams in my life and am said that Jamaicans and Jamaica are caught up in this false hope. By the way, I am a multimillionaire (U.S. dollars) financial expert and have no interest in Cash Plus or any competitor so my opinion is unbiased. Please protect your wealth from this scheme or, at the very least, be O.K. if you lose all of what you have invested in Cash Plus. God bless and be prudent. Cash Plus is a scam so don’t get taken.
U.S. said,
November 7, 2007 at 11:44 pm
Typo – meant “…am SAD that Jamaicans and Jamaica…”
Lastly, these types of scams always try to cloak themselves in legitimacy by doing good works and/or buying a highly visible building for the public to see. Also, if you don’t understand an investment, please do not invest. There are many people in Jamaica (and majority of Americans too) that have no idea how currency trading works. It is a VERY high risk investment that NO ONE can ever always end up on such a high end…it simply can not be done. The financial markets in the world are too efficient to permit such excessive earnings that Cash Plus claims. Money…i.e., wealth….is ultimately something that is earned. Currency trading has very thin margins and no way any person, group, or computer program can ever earn these types of returns…no way, no how….period.
Carl said,
November 8, 2007 at 1:21 am
So Mr. US , just how did you earn your millions? why dont you teach us how to invest! If you cant, then let us take our own risks; or may be you are just dissapointed that ordinary folks have, can and is earning mega bucks like yourself.
Have a cool day.
Lan said,
November 8, 2007 at 11:01 am
Can anyone give info on how the max higgins warner company works such as wat is the capital put up and what are the returns and is the money insured or is it just like cash plus any information will help i have a problem with their web site.
Stephanie said,
November 8, 2007 at 12:20 pm
Does cash plus have a location in the US. If so, where is that location and what are the requirements for investing.
Rohan said,
November 8, 2007 at 3:14 pm
Depositors scramble amid rumors of bank account freeze
http://www.japantoday.com/jp/kuchikomi/260
Rohan said,
November 8, 2007 at 3:16 pm
Well its every where. The worst thing is to have an account in the US they will freeze it and cancell you visa LOL.
Rohan said,
November 8, 2007 at 3:38 pm
Depositors scramble amid rumors of bank account freeze
http://www.japantoday.com/jp/kuchikomi/260
UK Banking Crisis – Nothern Rock Seeks Help from Central Bank
http://ezinearticles.com/?UK-Banking-Crisis—Nothern-Rock-Seeks-Help-from-Central-Bank&id=735853
Nothern Rock running out of money
http://www.legalbanter.co.uk/uk-legal-legal-issues-uk/40096-nothern-rock-running-out-money.html
UK Bank runs out of money, lines grow
http://bullionmarketplace.com/buybullion/2007/09/15/uk-bank-runs-out-of-money-lines-grow/
Crisis at Citi
As the stock slips, loans sour, scandals surface, and conflicts proliferate
http://www.businessweek.com/magazine/content/02_36/b3798008.htm
You may be wondering what is my point? Well mush up and crash up is happening all over. My money is in there already and from day one I knew it was high risk and I dicide to go ahead.
Bar said,
November 8, 2007 at 3:48 pm
Lan
send me your email address
mathetes said,
November 8, 2007 at 5:09 pm
Greetings friends
I agree that the CashPlus returns over the tenure indicated are unrealistic. But I think a number of account holders are quite aware of the risks and some don’t care whether it’s a Ponzi or Pyramid scheme. I think this blog, through comments and posts, has provided people with basic information on risk management when deciding to invest.
U.S. thanks for your comments, I personally would love you to share some of the steps, investments and decisions the average individual can make to become millionaires.
Andre
Rohan said,
November 8, 2007 at 6:05 pm
Isnt it risky say fo example when a bank loan you their money or when say Courts or Singer trust you their furniture?
U.S. said,
November 8, 2007 at 7:19 pm
Carl – I worked very hard (seven days a week for 10 years+) and started several business to earn my money. If money were easy, we’d all have money. However it is earned. My point is, I would hate for people to invest what little hard earned money they have and be scammed. That would be a pity. If you know and accept the risks, so be it. But those that don’t care that it is a ponzi scheme…shame on you since you will be profiting off the ignorant too. If those levels of returns were out there, then many other people would be contributing money….but that is not the case, it is the small investor with false hope. Money….wealth, is earned….not created out of thin air. You have been warned so don’t come crying to me later…. Cash Plus realy is give me your Cash, Plus your dignity…
U.S. said,
November 8, 2007 at 7:20 pm
Cash Plus is not in the U.S. ………………. If it were, the principals would have been arrested already.
U.S. said,
November 8, 2007 at 7:30 pm
Cash Plus is a scam, you all know it is a scam so quite trying to convince yourselves that it isn’t. If Cash Plus were a lottery, then we’d all pay our dollar and win the $100 million. You will get burned, or your neighbor will get burned. Do the right thing and stop the hype and false hope before it puts people into despair and violence. Real people will get hurt in the real world when this thing collapses.
U.S. said,
November 8, 2007 at 7:32 pm
Also, if the Cash Plus principals were truly altruistic, they’d simply make their money (why would they need your money???) and contribute some of their wealth to charity. No need for them to hassle with all of those clients….except they NEED your money for their scam.
U.S. said,
November 8, 2007 at 7:40 pm
Lastly, I’m not “holier than tho” since I have been scammed before and have seen many scams that I have thankfully recognized and passed on. Fortunately, I could afford the money I lost (didn’t know it was a scam at the time though). Cash Plus absolutely screams a scam here…..so listen to reason, not false hope. When so many are taken in by a scam it will hurt Jamaica…….
keith smith said,
November 8, 2007 at 9:00 pm
a fool and his money will soon depart… Cash plus is actually add cash to the account on top of di hill. As he is the only one who will benefit
BumperB said,
November 8, 2007 at 10:52 pm
Hi all. I’m interested in investing in the Higgins Warner Group. Can someone please send me the necessary details or contact info so I may have a greater appreciation for the investment offer and make an informed decision. Thanks much. My email is bumperbottom@yahoo.com
Oliver BAS said,
November 9, 2007 at 12:53 am
Can some one tell me if Higgins contract have a guarantee for your money to sign on?
Bar said,
November 9, 2007 at 1:26 am
Oliver
The contract is guarantee for six months.
Jr. said,
November 9, 2007 at 3:35 am
A guarantee is only as good as the person behind it…. a guarantee isn’t worth the paper is it written on.
Rae said,
November 9, 2007 at 5:01 am
For all those who do not have the start up money to get into these high yeild investments and those who are already in these investments but would like to earn to cash while watching your investment grow, then this website is for you
http://www.us2jm.com/joy
TB said,
November 9, 2007 at 1:00 pm
Check out http://www.minvestment.com/?r=jettt. I really like it. I think you should try it.
Odette Samuels said,
November 10, 2007 at 12:21 am
TB, how long have you been with minvestmet? Do you know of anyone who has surpassed 150 days and have gotten returns?
Monty said,
November 10, 2007 at 1:10 am
you are all correct about the investments, that its a major risk,we just need to hope and pray that all these agencies last for some time and help people to realise their dream.
U.S. said,
November 10, 2007 at 5:29 am
Monty — Pray? Don’t you realize that the money isn’t coming from the sky but from OTHER POOR PEOPLE. Hence, no matter how long it lasts, people get hurt. Money, i.e. wealth, is created from work.
Rohan said,
November 10, 2007 at 3:15 pm
Work + Investments = meeting financial comittment
I would love to tell some people to shut up, but every one is entitle have their freedom of speech.Money is coming from people who wants to pay for goods,services and pleasure. If I set up a business that say arrange trips to outer space, who you think will go? The ones who have money to spend and thats their pleasure, they do not have to go, but they want to and if the service is fully booked its good business for me.
Another example is the cash plus mega phone or Bmobile , consumer dont have to use the service but its a pleasure for them to have unlimited call time. So money would not be coming from poor people for my business but from wealthy rich people and people who just want pleasure. So why U.S. think its the poor peoples money we getting?
If it was for U.S. alone poor people remaim like a slave under the system. Maybe you done make you money already or not realy interested in moving up in life.
TB said,
November 10, 2007 at 5:39 pm
I am in it for about 102 days now but i get my daily interest that i can either withdraw using e-gold or e-bullion.
Rohan said,
November 10, 2007 at 7:56 pm
I know anywhere there is a visa sign the card is accepted. Cash Point or Point of sales. The only problem they migh not explain is the charges. They have to pay the VISA (TM) franchise and it will be coming back to you. No worries, it will not be a fraction of you returns, Just a drop in the ocean. I bought a ticket online and got to pay surchage fees. I think the card issuer past on the charges. Its not only in Jamaica but everywhere. Even if I buy ticket for an even they charge booking fees here.
So I guess will will pay for the sevices if want to use it. Some cash point here charges £1.50-£2.00. (they are optional anyway) Only I am in the club or some where faraway from the main strean cash point I uses them. They card will be good to use online, over the phone and at POS.
How many banks in Jamaica issues visa debit cards? The card that they issue is only for Jamaica and we still have to join lines. Immaging you dont have to take time of from work to go and pay your bills, or you dont fell like going on the street to pay for some thing. Can any one say why the Banks dont offer a visa debit service where I spent my money and not credit cards? I maybe wrong.
U.S. said,
November 11, 2007 at 6:59 am
Rohan – The problem with Cash Plus is that they can not legitimately make the returns they claim in the business ventures they claim. I have book smarts and street smarts and know a scam when I see one. I have a college degree and several graduate degrees in business and law. So, I am in the top fraction of 1% Americans, including net assets (U.S. $5M+). I know business, I know finance, I know the law. Cash Plus can not offer those returns legitimately. Wake up and face the reality. I have no vested interest for or against Cash Plus and offer only an objective, disinterested opinion. If you want to lose your investment, so be it, just don’t come crying to me afterwards. I legitimately care about the welfare of others and tithe 10% of my pre-tax income to my church and legitimate charities (which I screen to make sure they spend the money wisely to do the most good). I was even an initial donor of a program in Jamaica. I sincerely care about Jamaica and its people, hence, I am sad to see scams that will, in the end, steal peoples’ hard earned wealth. The old saying, if it is too good to be true, it probably is, applies to Cash Plus. Good luck and best wishes….
Rohan said,
November 12, 2007 at 4:06 pm
Oh! I can see that you are just criusing now because you done make your dosh already. Well can you prove that they are a scam? You have law degree and you show know better.Why dont you get some proof and present it to me. I wont ask how diid you get your Assets because its not my business. What happens to all the profits from companies like BNS and NCB? I can assure they go to foriegn investors. If cash plus give us 80% of their profit and they take 20% fair enough. Cash plus have assets in Jamaica and abroad and I think we get the profit off those companies. If you you prove that they are scam I will pull my money.
Rohan said,
November 12, 2007 at 4:08 pm
By the way, I have found a few more clubs which intend to join.
Michael said,
November 12, 2007 at 5:23 pm
Hi Guys,
This is a MUST READ!!!!!!!!!!
Audley Shaw and crabs in a barrel
——————————————————————————–
By Professor David P. Rowe
Media reports suggest that Cash Plus is a major player in the Jamaican economy. Cash Plus, based on media reports has opened negotiations to purchase the Hilton hotel, one of the largest Kingston hotels, in Jamaica, Drax Hall Estate and other huge assets including Mainland International.
Cash Plus is also involved in real estate development in the country. Cash Plus is tantamount to the concept of corporate success in modern Jamaica. Of course, as all capitalists know, Cash Plus has had to take great risks in building its empire.
Any businessman who invests in Jamaica takes great risks. Financing in Jamaica is rarely available to young under-capitalised businessmen (ask the successful Wayne Chen). Cash Plus has had to finance itself and has done so while under constant and fierce attack from the Jamaican financial establishment.
Jamaica operates two economies. The first economy is an official Jamaican dollar-based economy which is heavily regulated and taxed. As a result, nobody wants any Jamaican dollars. If you tender US dollars cash for payment at most hotels, the shrewd Jamaican hotelier always gives you your change in Jamaican dollars. American dollars are too valuable to be given as change.
The other Jamaican economy is the US dollar economy in which all Jamaicans thirstily participate. This part of the economy is totally unregulated, but forms a basis for significant day-to-day Jamaican transactions. Law firms, beauticians and car dealers all take US dollars in preference to the local currency, and the Bank of Jamaica and the threatening Financial Services Commission (FSC), have no capacity or power to regulate US dollar transactions.
The Honourable Audley Shaw served Jamaica in New York with very great distinction in the 1980s while he was a senior executive in the Jamaica National Investment Promotion (JAMPRO). During his experience there, he would have learnt to appreciate the value of financing to investment and the implementation of capital projects in Jamaica. It would be a surprise if a minister of Shaw’s sagacity and expertise did not have a deep appreciation for Cash Plus’ investments in Jamaica. It should be clear to Shaw that Cash Plus, is valuable and central to Jamaica’s development.
I understand that Bear Stearns and Cash Plus are about to do a US$1 billion hotel development at Drax Hall. It is a pity that some elements of the Jamaican financial community are behaving like crabs in a barrel in order to sabotage Cash Plus’ obvious success.
Minister Shaw should intervene to encourage all Jamaican financial institutions to work together for national development and progress. Obviously enterprising American financial establishments will benefit from Cash Plus’ endeavors, while the Jamaican financial institutions, like crabs in a barrel, spread rumours rather than take productive risks.
David P. Rowe is a professor of law at the University of Miami School of Law.
GO BACK
Michael said,
November 12, 2007 at 5:25 pm
Hi Guys,
Here is the link.
http://www.sunheraldjamaica.com/editorial5.htm
Rohan said,
November 13, 2007 at 10:54 am
WELL SAID PROF. Rowe
Most if not all the hotels are own by the oversea investor. I dont have a problem with that, and all the profit must repatriate abroad. Look all those Spanish Chain Hotels for eg. They know that tourism in Jamaica is on the increase and they want to get their cut.
I know of alot of students and athletes abroad who depends on Cash Plus earning so they can concentrate on their studies with out working. A lot of athlete do not have official sponser and need money to carry on. Often parents have to keep burrowing money from the banks and credit unions in Jamaica and send it up to the States to help with cost of living while studing.
In Jamaica there is hardly part time jobs for students, if they have money invsted in Cash +, then they cam concentrate on their studies and meet their financial obligations.
All these finacial institution, as a matter of fact a number of other organisations like U.S.’s will be upset and must find innovative ways of making profit. Technology is moving on yet the business process in Jamaica is still antiquainted.
I can bet a lot of bigger companies will want a stake in Cash + at some time or the other. Just like Youtube or Myspace.
enelra said,
November 13, 2007 at 9:47 pm
Will someone advise me why it is that we cannot get the referral fees from Higgins. Also my interest payments r already 10 days late. please advise me of the contact numbers for max higgins anyone. I cannot get myr eps here to answer the phone & I depned greatly on the interest to finacne some monthly obligations.
Bar said,
November 13, 2007 at 10:13 pm
Hi Enelra,
They are not paying any referral fees at this moment, because the interest payments are more important. They were doing wires today.
Send me your email and i will give you some contacts
Rohan said,
November 14, 2007 at 2:28 am
Ten Reasons Why These Investments Clubs Maybe Good For Jamaica?
1.Poverty breeds crime and violence. If there is less poverty we might have a peace full JA.
2.Reduces brain drain, our young educated people wont see the need to go a ‘foreign’ to live and work. They will stay in JA. and contribute towards it’s development.(some one mentioned using cash plus money to start a business)
3.Taxes collected by the government will (I hope) go towards better infrastructures, e.g. roads, schools, hospitals, proper social services and utilities (some rural communities are still with out proper water system and electricity)
4.A better standard of living
5.Jamaicans abroad might return with their expert knowledge and skills that they gain abroad
6.Increase in competitions, so business both public and private sectors would provide a better service
7.Opens up new and emerging economies
8.Empower previous excluded groups
9.Enable new aspects of social life as financial status will now be disaggregated
10.Finally make JA. a’ more’ attractive place to live and work
The availability of more investment vehicles stimulates capital markets and promotes liquidity and job creation; hence the colonisation by existing financial institutions encourages one to look elsewhere for new patterns of force relation of new economies. That’s what happening now in Jamaica.
Phillip said,
November 14, 2007 at 3:39 am
I have 2 contracts with these people from 2005 and have never received a payment, i thought they were gone until the other day when someone told me about them, so if wat you all say is true i should be getting my richies very, very shortly one way or another.
Rohan said,
November 14, 2007 at 12:31 pm
National Commercial Bank (NCB) makes $6.6b profit
published Gleaner Online: Wednesday | November 14, 2007
National Commercial Bank (NCB), Jamaica’s second largest banking group, has recorded its largest net profit yet, a solid $6.6 billion or $2.68 per share in a year when deposits also grew despite competition from high-yield investment schemes.
NCB’s profit grew $1.1 billion or 20 per cent over its financial year ending September 30, but, even at that level, its performance fell just short of the $6.8 billion record profits booked by its big rival Scotiabank Jamaica a year ago.
So whats their big worries about????
Annt said,
November 14, 2007 at 12:54 pm
NCB just bad mind. Care about the poor my ass, if this was so then pay more interest on the little savings accounts and reduce loan interest and increase their staff salary and benefits then talk to me about care for the poor people of Jamaica. When people want to keep you down they give you a fish, when they care they teach you to fish.
Rohan, I like your analysis at 103. If all works out these long term benefits can be realised. The key though is if all works out. If it dosen’t then the situation is likely to swing in the opposite direction and make things worse.
Nicola said,
November 14, 2007 at 5:16 pm
Cash Plus is the best thing eva happen to Jam Down. Me did a suffa til me buk upon dem. Dem bail me out of my debt and troubles. Every month without fail the interest comes whether it late or early. Cash Plus till death do us part. If yu going down – I am going down with you!!!!!!!
mathetes said,
November 15, 2007 at 12:42 am
Rohan
Very good analysis. Ofcourse there are negative repercussions if the economy is flooded with financial clubs/schemes that only invest in one thing and if they only offer high risk investments. If the facility is set up by the FSC and other not government financial organizations to properly educate people on financial and risk management then cases of fraud and other scams will be reduced.
Andre
I think you should put
Rohan said,
November 15, 2007 at 5:16 am
I get your point, Jamaican people should already know that its high risk and scams. What the governmet should do is to encourage people to invest with due care. What economy you are talking about? Listen Jamaica is not the only place with investment clubs. I can stay in Jamaica and use the Internet to join an investment club in say for example France or USA that is offshore.Who is gonna try and stop me. It will affect you organisation in some way or the other. What they need to do is to find innovative way of making money. These clubs can oporate out of Jamaica and the money still going in, what are you gonna do when the customers go to the bank for their money? Tell the that they cant get it to so so but only if you are doing so and so. That sounds like my mother telling me what to do what my money. I am disgust with these banks tell people that the cant get their money and refuse to sell managers cheque to customer written to investment clubs. Have you notice how much changes happen since last week? Financial institutions offering easy access loans, offerin unsecure credit, BMMB offering car loan etc. That what I want to see innovative ways to make money and offer the public a better deal.
I have a deadline to meet, I got to run but will continue lata..
Carl said,
November 15, 2007 at 5:13 pm
Guys ,
dont waste important brain power on Mr. US. rantings. This is the last time I am going to read his rantings. I am sick of him .For all we know he is fronting for the other schemes. Noticed how he cant give us one idea on how he made his so called millions . If he wants to brag about his so called education and riches he is allowed to, he has that right . But any one who brags like that even though he may have some “degrees” ( even advanced ones), is not really intelligent. Intelligent people never boast over what they have and worst never talk about their giving to Lord as if they have done some good works and so will be rewarded with Heaven. Especially since we are all going to leave it down here one day . I was in Jamaica up to yesterday; after reading Mr. US rantings last week, I took more money down to invest in Cash Plus and took out from the bank all the interest that had accumulated over the months .Interests that I EARNED from CASH PLUS . (Got my three months interests from Higgins Warner too. Hope they will improve from now on becasue they have been very tardy) as usual there were crowds at all the Cash Plus offices . Two people were taking out their money and everyone else I spoke to and observed while I was there for over 2 and 1\2 hours were adding. One of the persons that was taking out his money, was doing so because his brother to whom the investment belonged had died and left him as the beneficery. And he was living abroad and not interestead in Cash plus. While I was in Jamaica, I read in the three newspapers( last Sunday to be exact) where the government were reminding investors in these clubs, that they want their income tax by March of next year. Of course the government is not endorsing the clubs just yet but they recognise their worth and benefit to the government in the form of taxes to be gained. A very good start for long life to these clubs. Government could not want to shut down tax generating businesses (Although Omar did but then he wasnt really a finance Minister.) People, you would be amazed to see who were in line making deposits at Caqsh Plus. I mean big names, peope with intelligence and there were articles being written as well, advising people not to put their money in these schemes. People are not even discussing these articles, no one cares what they want to write. Remember Century National , Workers and Dr Chen Young’s Eagle Bank ? were they schemes? These were National Banks ! yet Omar Davis locked them down and people lost their life long savings. And these were well regulated banks. Everything has risks. I bought some shares last week in 4 different companies in Canada, today they are all trading down . If I were to sell now I would loose. Is the Stock market a scheme? can it crash ? Has it Crashed before ? Is OLINT a Scheme to riff off poor people? I am sure they are not! So why is CASH PLUS being branded by MR US as a scheme? Guys , I tell you; avoid selfish people. I will say one thing that may be construed to mean support for his arguments but it is ceartainly not . It is merley a guide. And it is This {IF YOU CANT SLEEP AT NIGHTS BECAUSE YOU HAVE INVESTED IN CASH PLUS THEN GO BACK FOR YOUR MONEY. But dont feel sorry for those of us who are better off today because of cash plus. Cash Plus is the only one of these investment clubs that have tangible \ fixed assets attached to its operations. So Mr US , go count your 5 million US and leave those of us with our 5thousand who are just trying to make 10 thousand alone . We dont envy you, so please stop grudging us.
P.S. Cash Plus had a meeting at the Arena last Sunday Nov. 11, 2007 to alay all the fears that people like Mr. US is spreading . It was packed almost to capacity . And the big man himself addressed the members and promised
to sue all the rumor mongers as long as they can be identified. Anybody remembered Godfrey Mcallister a Pastor I believe , and former very succesfull Life underwriter and radio personaility? Well guess which new company he is running now and the name of the clud opps! did I say club? out of Turks and cacios ?
May God bless Cash Plus and all these legit. clubs.
Rohan said,
November 15, 2007 at 6:36 pm
I have not heard from Mr. U.S since last week him missi crash!!
TB said,
November 16, 2007 at 12:47 am
http://www.minvestment.com/?r=jettt
http://www.us2jm.com/atmcard
take a look
Jactren said,
November 16, 2007 at 2:22 am
Hi, Is there anyone out ther who will be willing to provide a sponsor for finanzasforex. I would love to join but I understand that I will need a referral. Please let me know. I am anxious to begin
My eamil address is: geotren16@hotmail.com
Patricia said,
November 16, 2007 at 4:06 pm
Jactren, visited their site….. seems very interesting..trying to get more info on them…I too would like a sponsor if there is any one here who is a member
Meikle61@gmail.com
U.S. said,
November 17, 2007 at 6:19 am
Sorry – I’ve been gone. Anyway. Rohan and Carl, please invest all of your money….and even borrow and mortgage your house and your future to invest money into Cash Plus. Seriously, you two are idoits and deserve to be scammed out of your money. Go ahead, invest all you have….I dare you.
For the rest of you that know how money is earned and how wealth is created (i.e. through dedicated and hard work), please invest in something that is sound and not based on pipe dream lottery hopes.
U.S. said,
November 17, 2007 at 6:21 am
The obvious thing is, if you are able to earn 10% a month returns no your skill why the heck would you need to bring in outside investors? You wouldn’t need outside financing. The wealthiest people in the world can not consistently earn 20% per YEAR on their investment, what makes you think some shady company can do 6x’s that???? Cash Plus doesn’t disclose its financial statements for a reason….ponzi scheme.
U.S. said,
November 17, 2007 at 6:24 am
By the way, Prof. Rowe is merely a part-time adjunct faculty member….hardly much of an accomplishment…..nor is he an authority on anything.
Rohan said,
November 17, 2007 at 11:59 am
Sorry mate why the hell would I invest all my money into high risk investment? Dont be silly . We are aware of the implications and constraint if the company get busted. And I wont listen to your stale advise. Tell me something new. I think you are scared that poor people might come in line with you. I know of people who wants keep you down there or dont want you to better off than you. And you Mr. U.S fit into the profile. People can say anything on the Net, MBA, 5 Mil and crop crop crop. You just want to know Cash Plus Business secrets. I know you are a competitor.
TB said,
November 17, 2007 at 9:16 pm
http://www.mimvestment.com/?r=jettt
TB said,
November 17, 2007 at 9:17 pm
Come on everybody, look this way! http://www.mimvestment.com/?r=jettt
U.S. said,
November 17, 2007 at 11:40 pm
Rohan — Believe what you want. Cash Plus is a scam and sham on you if you proit off of what will be other people’s misery. You have a very naive understanding of money and wealth. Why the heck would I care if other people make money??? I have given more to charities than you will probably ever make make in your life.
U.S. said,
November 17, 2007 at 11:46 pm
Also, according to Cash Plus, they buy real estate and buildings….how it that a high risk investment and how can that actually earn the returns they claim…. if you know anything about investments and markets you would know that that return is not possible…nor would you need other people’s money…
G.E said,
November 17, 2007 at 11:52 pm
TB . DO U KNOW ANYONE WHO RECEIVED A PAYOUT AFTER THE “150″ DAYS INVESTMENT?
G.E said,
November 17, 2007 at 11:58 pm
TB. SORRY, NOT ENUF INFO . YOU WERE PREVIOUSLY ASKED IF U KNEW ANYONE WHO RECEIVED THEIR ” PAYOUT” AFTER THE INITIAL REQUIRED 150 DAY INVESTMENT IN MINVESTMENT? IT REALLY LOOKS TOO GOOD TO BE TRUE . BUT I MIGHT BE WILLING TO TAKE A RISK BUT CAN’T FIND ANY INFO ON ANYONE WHO RECEIVED THEIR PAYMENT AFTER 150 DAYS. IF U DO PLEASE LET ME KNOW. THANKS . G.E.
TB said,
November 18, 2007 at 3:51 am
I personally dont know of anyone who has been in mimvestment for 150 days, however I’m in it for 107 days now. I get my interest payment almost everyday except for those days that they have sertain holidays. I like it.
TB said,
November 18, 2007 at 3:53 am
sorry ‘certain’
ky said,
November 18, 2007 at 2:21 pm
i have higgins warner payments outstanding from the 1st of November and i actually have 3 accounts hat are currently outstanding and when u call the office no one will give you a straight answer. Plus they speak to you as if u r asking for a handout and they r doing u a favor. I got no response to e-mails to the argentina office nor did it prompt anybody to pay me my interest. Not to mention referral fees which are not forth coming. They r facing the same issues as cash plus but at least cash plus has the decency to treat its investors with respect by communicating with them. H.W. justs acts as if u are begging tem something and they r doing u a favor.
gary said,
November 18, 2007 at 2:39 pm
Att: KY, I know what you mean. I had payment due on the 30th of Oct, and I just received my payment last Friday of this month. According to what I am hearing, H.W. no longer gives payout through the banks. You have to go to your local office and collect it or do like I did send a friend. I called someone I know personally in the office and give them permission to hand over my check. According to my friend there is a sign posted at the office stating that they are having problems posting the the checks with the banks. Check it out for your self, but this is the story I got. People are getting their checks it just real late, which is not good for customer service and relations. I also heard that they have acquired some property too, a hotel and casino. I do hope you get the problem with H.W. resolved.
G.E said,
November 18, 2007 at 4:33 pm
TB . THANKS .MY PYMY WITH H.W. WAS LATE FOR OCT. HAD A FRIEND P/U CASH FOR ME. BUT I STILL NEED INFO ON MINVESTMENT. NEED TO KNOW IF ANYONE EVER RECEIVED PYMT AFTER 105 DAYS. I PERSONALLY KNOW OF CLIENTS WHO RECEIVED THEIR INVESTMENT IN H.W AS PROMISED AFTER INITIAL 6MTH.
Rohan said,
November 18, 2007 at 6:16 pm
Yeah Yeah go on contradict yourself. Anyway keep up the good work giving to charity. God will bless you U.S. I kno Cash Plus is your competitor.
————————————————————–
Bar said,
November 19, 2007 at 2:33 am
This email was send to all HW investors from the President on 11/16/07
Now effective December 4, 2007 all and any late interest payment will be updated and all outstanding refferal fees will be update on December 10, 2007.
ky said,
November 19, 2007 at 1:48 pm
thnx gary. I guess that means I need to make my way to their offices. I realy hope they resolve their issues soon because i like this investment. Can anyone give me more info on May Daisy. I know persons in it but i dont know anyone that has actually taken money out, all my contacts seem to just want to put money in and watch it grow. I need to make sure that you can actually get it back. I want to know how soon after a request they pay out and how, also how do you go about getting the money to them. It doesnt seem to be too staright forward
P.S. Rohan, Mr. U.S. is quite lucky…he has his money already.. I dont and I want it and I know that there is no way in hell i can ever work long enough or hard enough to make this kind of money. I am willing to take a chance. If I lose out then so be it but I sure as hell am going to try. But, the way of the rich is to make sure that the riches remain with them and their cronies only, they dont want people like me and you to be on par with them. If so who would they lord it over. So Mr. U.S. leave us be, we will take our chances, and you be afraid, be very afraid cause we will be moving in next door if we havent done so already.
G_Nice said,
November 19, 2007 at 10:55 am
I just want to say that this has been great thread with some very interesting points.
U.S. said, you make some very interesting point, but your points are lost on me because you consistently choose to insult people rather than provide rational explanations to your views.
I for one would love to hear these explanations. I have 20 years business experience, make top 6% for income, have done relatively well, but can admit that there is a lot that I don’t know.
As a disclaimer, I have invested in CashPlus. When I first looked at company I said the same thing as US said: Scam. I spend weeks researching ponzi schemes, pyramids and high-yield investments. My conclusion on Cash Plus was non-conclusive. I still cannot rationalize how they can afford to pay 10% returns monthly (Though I fit in the group that believes they are not obligated to continue this indefinitely, so at some point can restructure their loans to adjust to the market conditions), but am intrigued with the investments they are making (Which is not typical of a ponzi scheme – in fact is the lack of investment that makes it a ponzi scheme).
In my view there are two things, that need to be separated: High risk investments and scams. We can debate the risk and merits of both and draw parallels with or extract the different from more traditional business models. What matter to me personally, is the legitimacy of what they are doing.
From my point of view, if Cash Plus is legitimately trying to innovated and create wealth, even if they go down in flames, based on what they have provide the common Jamaican (income, opportunity, greater knowledge of investment, hope) I would have been happy to have invested my money with them.
What I think is important to differentiate are scams. If Cash Plus, Olint, Higgins and other are indeed scams, then people need think about the long term consequences. I am not financial genius, but if they are not generating revenue outside of the investor loans, then nothing has gotten better for Jamaicans. We have just taken from Peter to profit Paul.
Rohan said,
November 19, 2007 at 11:59 am
Mr U.S is just making the same pathetic point over and over again with out any proof. And ‘We are not gonna invest all we have’, at least I am not. So dont be silly. You cant back up what what you said with substantial proof.. And Cash Plus is not the only company paying 10%, you never mention the others. So what are the alternatives?
By the way these investment are all over the world but never in the public sphere.
U.S. said,
November 19, 2007 at 4:03 pm
It would not be right to “leave us be” while you beat the invest in Cash Plus drum leading others down a path to lose their money. Invest and let the fictitious returns roll over. Ask anyone in the markets that Cash Plus claims to be in if those returns are possible. They aren’t. I have personally helped probably 100 people earn money and invest wisely in my lifetime…I give advise without any compensation nor have any interest in what they actually invest in. The buildings that Cash Plus “owns” are merely a PR front. For a few good examples of scams watch the show “American Greed” on CNBC. Scammers use all kinds of fronts, including charities and religion.
Shame on those that perpetuate this scam and encourage others to put their hope in it. Shame.
G_Nice said,
November 19, 2007 at 4:41 pm
U.S, Here are the questions, I am hoping you can help clarify for me. Can you give examples of Scams that employee over 1000 people? When making acquisitions and joint partners wouldn’t there be a process of due diligence?
I am assuming companies such as the Hilton would have a strong group that is quite familiar with mergers and acquisitions, that they would be quite cautions in whom they partner with and that it would be almost impossible to present weak or fraudulent data by them. I doubt they would let just anyone operate under their name.
Beyond money, companies need to be able to demonstrate a strong management team, leadership and a vision for group to be considered for serious joint investment.
That said, not of the above proves in anyway that Cash Plus has a legitimate model for providing 10% monthly returns.
The fact that this is unsustainable is a very strong point and should not be ignored, but it in itself does not prove that a company is a scam. Just give a very strong indication that one might be.
U.S. said,
November 19, 2007 at 7:15 pm
First, if you have a “real” business model, you could easily borrow money (albeit with a junk bond rating) for substantially less than 120%. There simply is no reason to borrow money at that rate for a legit business….if you want to be charitable, then go and give away money on the street….why promise returns that are not possible except to take other people’s money in a scam.
Who knows – Cash Plus isn’t saying – what they own exactly in the Hilton. As we well know in the US, you can buy a property with very little down to claim you own it but actually have a negative net worth.
G_Nice, your assumption on the Hilton thing needs to be revisited.
Cash Plus is not some sort of magic group of people who can throw around business buzz words (joint venture, synergies, blah blah blah) and suddenly make things profitable. If they are so talented, why do they need YOUR money?
There is no free lunch…
U.S. said,
November 19, 2007 at 7:33 pm
“Classic economic theory would say that this, if nothing else, is the beginning of the end of the quick money in foreclosures. Any fat source of profits inevitably attracts competition, and as the field gets more crowded, easy dollars are squeezed out.” Money.com
You certainly can’t wring out 120% annual returns on real estate or hotels….just take a look at Hilton’s (the parent company) income statements and balance sheet.
G_Nice said,
November 19, 2007 at 8:38 pm
Hey US thanks for your responses. I agree that Cash Plus cannot sustain a business model on 120% returns. That being said, it would be interesting to know how much of the capital they raise for acquisition is funded through high yield loans. Based on some of the data out on the web, it may not be a substantial amount (Some estimate they have 40,000 members with an average principal of $300US). Clearly, more insight would be needed on their financial picture to better understand this.
In terms of your comment, about borrow easy money, that is exactly what I see happening. I live in Toronto and have been invited to two limited opportunities where investors can make up to 30% annually on their money. These offerings are from well know reputable land developers and required a minimum investment in the neighborhood of $100k CND.
As you are well aware, you will be hard press to find any standard investment vehicle in the US or Canada that will offer that kind of returns, yet millionaires invest in these kind of scheme frequently. In fact, the security company that was brokering the project specialize in these kind of investment and rarely deals with clients who invest under a million.
I see great parallels between what I can validate is a very legitimate investment paying 30% returns and Cash Plus’s 10% returns. In particular, both companies were look for cheap money. In fact, when I spoke to the President of the development company, this is exactly what they explained to me. It was solely an opportunity cost issue for them.
Had they gone through the traditional route, they would not get through the red tape needed by the banks to meet profit projects (more so they would have missed the window of opportunity) and would be held ransom by the banks in term of when and if funding would be released.
They gave high returns in lieu of greater flexibility and the opportunity to capitalize. I also have a friend that is doing something similar, but guarantees that I will double my investment. These are not traditional investment vehicles, are high risk, but pay great returns.
Now, I can rationalize 30% returns over 5 years. I do struggle with 120% returns. But you know what, two years ago, I didn’t know there were vehicle that could pay 30%. That is why, while I will keep a healthy level of skepticism until I see solid proof of how Cash Plus makes their money, but will not put a label on them.
U.S. said,
November 20, 2007 at 12:05 am
G_Nice — You can make a 30% return investing in a well run land development plan with a professional team, but there are risks, and that return may take a year or two.
With Cash Plus, all you have to do is see what they are claiming to invest in and you will no 120% return is not possible (actually a 10% return each month compounded monthly is higher than that). The other issue is that everyone seems to “rollover” their investment and profits. At the very least you should take out your investment capital so you are just playing with the house’s money….but greed gets the better of most people.
When I heard what Cash Plus was investing in, I knew it was not possible. As far as the “red tape” from banks…it is there for a reason. Even people with enormous cash balances don’t make those kinds of returns and they have no such red tape. For me, Cash Plus has enflamed a lottery mentality that clouds one’s better judgment to be prudent with one’s hard earned money.
If you get CNBC, you should watch the show “American Greed” it is very interesting on the psychology of people who turn over their hard earned money to these scammers. If it sounds too good to be true, it probably is.
Michael said,
November 20, 2007 at 11:31 am
I remember in the early 90’s when tech stoch was king and all the analyst had a different way of valuating the new .com companies ( which was crazy and totally the opposite of what they use to say) and Warren Buffet stood his ground and didn’t invest in any tech company and lots of other investors made money but Berkshire Hataway Fund was loosing money.Finally tech crashed and Warren was vindicated. In those days I did not hear any talk about ponzi scheme or anything like that about tech and that was exactly what it was , alot of company with a dot com name and no real assets. People of means investing hugh sums of money ,people of less means investing much later then the previous cashes in and the latter looses. Investors whom lost 100K or more got high priced lawyers to recover money for them . Who helped the people whom lost less.
US you have no doubt created a storm of controversy on this blog which I must say provide for good reading and some entertainment too.About Cash Plus, no doubt they are acquiring lots of big and small assets as reported in the media and there investors or club members are been paid. Also the banks are on a campaign to disrupt High Yeild Investments through sabotage and rumors, these are the facts. Everythings else about the impossibility of paying 10% monthly is an opinion because we don’t have all the facts and we all are just speculating. I for one like what I have found out about CP and I am also a “LENDER’. You really need to be more respectful of others opinion and of ther right to risk capital in search of rewards. You also disreguarded the article by Professor David Rowe because you think he’s no expert in finance it just clearly shows intolerance and no respect for others opinion. I think you have real concerns for some of the investors as it can be seen that there research is limited to what is been said on this blog , form the web sites of the company they seek to invest in and rumors. Advice is better received when offered through information and past experience as oppose to a tongue lashing.
Rohan said,
November 20, 2007 at 1:38 pm
Instead of Cash Plus burrowing from the banks and pay them the interest, why not pay us that sort of interest? I know they would have to pay back the bank more than what we are getting right now. All U.S is talking about is quick money and greed. I will ignore you from now on. You have nothing new.
What the banks going on about? Why dont they lend people the money to put in Cash Plus. Every body’s money going back straight into the banking system. And I know they get to use it before you take it back out, use it to lend out and make interest on it and trade. So every body wins.
So whats new this week? More price increase, I bet they are gonna blame Cash Plus.
And Cayman getting a cut out of the property insurance market, are Jamaica’s insurance companies gonna give them a fight too?
Earle Ramage said,
November 20, 2007 at 4:11 pm
Quicksilver. Please tell me some more about Online Capital?
ky said,
November 20, 2007 at 5:05 pm
Can anyone tell me anything about May Daisy?
U.S. said,
November 20, 2007 at 6:03 pm
Michael – Warren Buffet would not ever ever ever invest in Cash Plus. There is NO transparency with Cash Plus and Warren Buffet’s first rule is to KNOW THE COMPANY AND ITS BUSINESS that you are investing in. The dot com companies of the late 90’s were being valued for their growth potential…..a lot of hocus pocus and most people didn’t understand the Internet at the time. Well, they lost money. Same goes for Cash Plus…who actually understands is? My guess is either it is a Ponzi scheme (more likely) or a money laundering scheme (less likely). Just as no U.S. bank would ever loan you money to invest in a stock or Cash Plus for that matter….nor should any responsbile Jamaican bank either.
As an aside, I find it interesting the odd paranoid attitude of some of the posts here about being shut out of investing, that the banks control everything, etc…. I guess that comes with some of the history of Jamaica (and, no offense meant, a lack of understanding of financial markets). If you are disenfranchised, then I can understand that perspective, even if is is wrong. Money and wealth are earned…you must do something that creates value. Cash Plus’ businesses don’t create the kind of value that they claim to be able to return. It is a lot of hocus pocus. If those levels of returns were possible then all kinds of people would get into those businesses and bring the return down to an amount similar to other businesses.
If you MUST invest in Cash Plus since you are all in a frenzy and afraid you will miss out, then at least withdraw the amount you put in once you double your money. But again, your gains will be from other people’s pain in a ponzi scheme or from the pain of others if it is drug money laundering.
I wish Cash Plus was legit and true….but it ain’t.
Be smart like Warren Buffet, only invest in what you know….if there is no transparency and you don’t know what they do, stay away.
gary said,
November 20, 2007 at 7:01 pm
ATT: US, what do you think about “Capital Hill FX Club”? Check out the site and give me your opinion. Thank you. http://www.capitalhillfxclubs.com/home.php.
gary said,
November 20, 2007 at 7:01 pm
ATT: US, what do you think about “Capital Hill FX Club”? Check out the site and give me your opinion. Thank you. http://www.capitalhillfxclubs.com/home.php.
Carl said,
November 20, 2007 at 9:42 pm
Rohan,
you have finally wised up! Didn’t you know that Sanford & Son makes better comedy? I stopped reading that persons rantings over a week now but I could take one guess and I would be probably right about what he is ranting about these days. Unfortunatley some seemingly intelligent people have decided to take him on. In time, they too will find that it’s not worth the effort . When I was a boy I learnt a nursery rhyme that stuck with me. It says : “Love not to brag
Love not to boast,
Grief comes to those that brag the most”
And I might add, boast without substance. It becomes boring if you are merely repeating the same old arguments. It dosent make for a lively debate if you can’t lift the dialouge. A good debator always put forward both sides of the issues and may chose to come down on one side or the other; only after presenting emperical data and reasoned arguments. One cannot just guess the cause and effect of a theory and present it as valid analysis.
This person has no inside knowledge of how CP works but he is willing to bad mouth and call them names. At the same time he dosen’t even use his name. he hides safely behind a pseudonym. He reminds me of some politican . They can tarnish peoples reputation in parliment where they are protected but dare not repeat the same things out side. debating with this person is a waste of time.
Many times economic models fail and other times they succeed. The great world bank have recommended economic models that have failed and caused severe hardship to no good end . Recent examples; Argentina and Jamaica. Text book economics is well and good, if all variables are constant . Supply and demand is all that matters in economics.
Australia was able to come out of economic crisis by trading in the $1trillion forex market and GM made more money in the said market a few years ago than they did in selling their core products, cars. I believe He has to resort to name calling because his vocabulary is challenged. He calls us (You and I )Idiots. He dosent pick out the points that are presented by us bloggers and address them point by point. He has resigned to being parochial and redundant. All he can talk about is how much he gives to charity.
Poor fellow!!!
Rohan said,
November 20, 2007 at 11:08 pm
Well said my friend. I amy not know much about the financial markets, because thats not my field but I know my theories. And our unworthy opponent seems to be obsessed with only Cash Plus, but what about the other schemes? All I can read is ‘take your money out of Cash Plus now, they are sacm, poor peoples money, pozi scheme, drug money’ with out any substancial proof. Isnt that unethical and irresponsible for some one with that stature (so dem say, we not sure is a lie).Well at least he made one constructive point which is to get pricipal out after earning your interest and that was everybody’s plan, doh. Well sir you are on the right track to further constructive arguments. But whats worring me is why keep refering to Cash Plus only and there are so many other schemes around? There must be a conflict of interest.
The other day I over heard the security supervisor scolding of the subordinate because he took an unauthrised extended lunch time to pay his bill. He came back late because the ques were so long. If he had a VISA/MASTER debit card he could pay over the net or using his phone.(eg. Paymaster; you can log on and pay bill or make financial transaction on their websites.
What I want to know is if any one can tell me why Jamaica’s financial institutions do not issue VISA or MASTER Debit Cards? Even recently a credit union tries to issue a credit card but was block by the regulators.Inam sure a Visa or Master debit card would have proven bennificial, efficient and productive to the society.
People would be able to buy online both home and abroad, pay their utility bills over the phone (with out taking time off from work or even do business right from their living room, in this time we still have to do the old face to face transaction which is proven to be counter productive to the country or the employee.
CIA said,
November 20, 2007 at 11:37 pm
Cash Plus is being investigated by our International Fraud Division. Those involved will be brought to justice.
- Special Agent James Johnson
Carl said,
November 20, 2007 at 11:45 pm
Ah ha!
Carl said,
November 20, 2007 at 11:45 pm
JJ from God times I take it another comedian?
CIA said,
November 21, 2007 at 12:00 am
Our investigation is not a joke. We are investigating various fraud issues and are monitoring the Internet and will trace all IP Addresses. We know who you are and where you live. These funds are involved in terrorist operations financing. – S.A. Johnson
Carl said,
November 21, 2007 at 12:04 am
You dont have to trace IPs , IPs can be borrowed, CP has all the info. you need just subpeno them. JJ from good times or Sa Johnson whatever.
Carl said,
November 21, 2007 at 12:06 am
CIA agents never give out their identity who trained you
CIA said,
November 21, 2007 at 12:07 am
Carl – We have a way to trace the ID of each computer processor via the embedded serial number transmitted via your web browser. We also have the means to trace every print from a color printer (ink jet and laser) back to its source. We are not kidding.
http://www.seeingyellow.com
Carl said,
November 21, 2007 at 12:15 am
I know that can happen . Anyway see you in court JJ or yellow or whatever. Good Morning I am going to bed
CIA said,
November 21, 2007 at 12:17 am
We will seize any and all assets involved in any money laundering or terrorist activity. The Department of Treasury, Enforcement Division is also involved in the investigation.
Rohan said,
November 21, 2007 at 8:37 am
Excuse me C.I.A involves with national security come again better you give the case to F.B.I are you selling printers or ink? You guys are funny..
CIA said,
November 21, 2007 at 1:04 pm
Rohan – FBI is domestic, CIA is international. Dept. of Treas. is both. We know.
Rohan said,
November 21, 2007 at 5:37 pm
CIA is concern with national Security issues. What you domestic? FBI was in Iraq the other day when the security guard shoot the Iraqi. They were in Wales to pursue an internet crime.
CIA website;The Central Intelligence Agency (CIA) is an independent US Government agency responsible for providing national security intelligence to senior US policymakers.
Keep selling your printers and ink at least you start a business with your investments.
Rohan said,
November 21, 2007 at 5:41 pm
According to the CIA website they are more consern with terrorism,weapons proliferation to military and political issues. Unless earnings from investments are funding terrorism then you have a case.
CIA said,
November 21, 2007 at 5:42 pm
The FBI will assist in investigations, but it is not their jurisdiction, hence they assist those agencies that have the jurisdiction. The CIA has international jurisdiction with an office in New Kingston. Money laundering, drug smuggling, and wire fraud are serious crimes Rohan.
Rohan said,
November 21, 2007 at 5:50 pm
http://www.fbi.gov/contact/legat/legat.htm
THE FBI’S INTERNATIONAL PRESENCE
Why does the FBI have an international presence? To protect Americans.
As Director Mueller notes, “the globalization of crime—whether terrorism, international trafficking of drugs, contraband, and people, or cyber crime—absolutely requires us to integrate law enforcement efforts around the world. And that means having our agents working directly with their counterparts overseas on cases of mutual interest—not only to solve crimes that have been committed, but to prevent crimes and acts of terror by sharing information in real time.”
Rohan said,
November 21, 2007 at 5:59 pm
Well its possible they are in Kingston. But its not listed on their website. The only carrib site is Dominica Rep and Barbados. Well Every embassy have a legal attatche any way.By the way, intellegence agencies monitor the media as a part of their intell. gathering. Oh please, the CIA in Jamaica is no news, From Manley days and the cold war.
Michael said,
November 21, 2007 at 9:01 pm
US you sound just like my big sister.Please be open and objective .Use the gleaner’s search engine to research Cash Plus there are many articles for and against . Most people at this time , I think know there not dealing with a bank and there money is at risk ,but for the higher returns most have decided to take the chance. I’m positive youv’e lost money in legitimate investments before . As I’m sure you well know most small business fail in their first year . Yet banks still give small business loans and fools, sorry smart people still try to start business. Just like people whom want to try Cash Plus and the other schemes and they all have the right it’s there money.
Evadney said,
November 21, 2007 at 9:28 pm
It’s been on the news that some banking institutions are ganging up on Cash Plus by holding out on honouring the monthly interest cheques — wherein they hold funds for extended days, etc.
My take is: if banks are truly doing this I hope that the Cash Plus Investers having this problem move their bank accounts to the commercial bank on which the Cash Plus cheques are drawn. Can’t see Cash Plus’ own bank not honoring A Cash Plus cheque…
Rohan said,
November 22, 2007 at 11:48 am
Well they are not spiting Cash Plus. They are spiting us. But I intend to move my money. The problem is that there are limited banks in Jamaica and limited opportunity to move around. I bet they keep the money for 15 days and make interest on it. Can you imagine there are only four mainstream banks in Jamaica. Thats why they can do that to us cos we have no where to turn to. I guess its forbiddin to associate with cash plus. Can anybody say if its only Cash Plus facing this problem????
Rohan said,
November 22, 2007 at 11:50 am
I got move my money, that is to another bank. What about the credit unions can we put payments there?
enelra said,
November 22, 2007 at 11:59 am
I still ahve not gotten my interest or referral fees from HW. Can someone please tell me what’s happening my email address is arydunn@yahoo.com. Bar please link with those contacts.
And 4 US please don’t think I’m worried that the club will crash. I just need the funds to tie up a lil loose ends. I’m not at all worried I’m a beleiver. Nothing u, or Lee-chin or clarke et al says can tear me away from CP r HW. they have been life savers & I preach it from the mountain tops every time.
Michael said,
November 22, 2007 at 1:14 pm
Rohan try JMMB I’ve headr from my people in Jamaica that they are not bashing CP. in fact they claim to do business with them.
Enelra it’s good that you are confident in your investments. I spoke to Higgins Warner earlier this month when my payment was also late and they said problems with there bank in JA. is causing them to be late with payments.
winston morris said,
November 22, 2007 at 4:46 pm
Hi Ky, gary i’m interested in joining HW and would like their address and tel #. You can email me at winstonmo@yahoo.com
Jason said,
November 22, 2007 at 7:06 pm
Previously I have heard numerous comments directed at the Cash Plus group of companies in regard to their investments division and so fourth. I proudly announce that I can an employee of the company.
I have been given the privilege of referring persons to the company and to give all the individuals, which I referred, intimate information which will affect the company and its investors.
Please note that, I will be first to obtain such information, as an employee of the company particularly in the department from which I belong.
For referral and information after you have jointed our family please sent an email to ssteppa@yahoo.com with the subject (Referral. CP).
Rohan said,
November 22, 2007 at 7:48 pm
I have my contact at JMMB coming to the UK shortly. I will have a chat with him.I have a BofA account but I am not sure if C+ will put the money there for me. But I will have to be in Jamaica to sort it out. Thanks anyway.
RNFORU said,
November 22, 2007 at 8:22 pm
http://www.finanzasforex.com/Jamaican50
Michael said,
November 23, 2007 at 11:59 am
# 174 Jason I’m happy that someone with affliation to Cash Plus will be communicating with the people they refer. That is the problem with CP communication or the lack there off. I’m a member and all I know about them is from the news media and there web site . What they’re asking you to do , for a referal fee I’m sure is what they should be doing as a company . All the rumors you’re hearing about CP is partly there doing because of a lack of information. It’s common knowledge that they don’t respond to emails, phone calls or faxes in a timely manner, if at all.
G_Nice said,
November 23, 2007 at 8:44 pm
Hey Jason, Any day you can share about Cash Plus’ business model would be greatly appreciate. As you probable notices, rumors have gone rampant. Information from Cash Plus is probable to most valuable asset next to peoples loans.
U.S. said,
November 24, 2007 at 1:30 am
Well….keep on believing… if you invest on emotions and your religion is Cash Plus, then you are all on your own. You should be rational, not emotional when investing. As far as banks go, I wouldn’t cash a check from Cash Plus either…..not until the funds have clear. Lee Chin is wealthy for a reason and so is Warren Buffet, listen to them. These “investment clubs” where you as a member only give your money, but don’t make any decisions, aren’t investment clubs. Keep preaching it from the mountain tops since you’ll need a high place to leap from once it crashes. Best wishes to the prudent, the greedy will get what is their own fault.
Rohan said,
November 24, 2007 at 5:40 am
This thing is getting bigger and bigger. And there is gonna be some sort of riots, against those financial institutions and peoples life will be at stake. If the banks continue what they are doing there is gonna be some vigilanty events. If this reach in the dancehall and the DJs are so influencial in the Jamaican society what will happen next.
If I work at these banks and they want me to close my accounts with HY investments of get fired, I would chose to get fired. You got to fight for what you believe in. My friend worked for NCB and was not gettting enough money and they even treat their staff like dirt. There was no scope for promotions, just the dead end cashier job.
Event the Unions getting involved how far this thing gonna reach? defending their members. Whats the banks rations to forbid their staff from investing with whom they want to.
I alway tell myself that once you have a qualification you can tell your employer to piss off. They can take your job but not your educational achievement.What would happen if all the staff refuse, will they sack everbody. I am sure alot of their junior staff have money there because they are not getting much for their pay.
My question is are the banks acting because of pressure from else where? for example BOJ, IMF, WB, USgov. I would not be surprise. Any I hope there is no vigilanty events or anything illegal.
And I will continue to ignore some one.
CIA said,
November 24, 2007 at 12:11 pm
The problem for the banks is that they have to follow laws and could be held liable for money laundering, hence they must take steps to disassociate themselves from these “investment clubs”. In the end, the banks will be the ones standing, the banks should never have allowed such deposits in the first place. Now it is Crash Plus.
CIA said,
November 24, 2007 at 12:27 pm
Why doesn’t Cash Plus just issue debit cards instead of checks which they try to “float” at the cost of legit banks? Banks should stay away from these schemes.
Rohan said,
November 24, 2007 at 5:38 pm
Why cant they come up with the proof that its illegal money? Why the MPs are not saying anything? The banks are losing out of the diaspora money and they dont like it. My money is legal you can check my Barclay account. I work hard for it.
Rohan said,
November 24, 2007 at 5:41 pm
And CIA you better be careful the C.I.A. dont charge you to use there name.As those guy are serious about copyrite laws.
CIA said,
November 25, 2007 at 1:36 pm
Once a crook and caught, go somewhere else and try it again and those that are more easily scammed and with less oversight. We are not concerned about stealing his “trade secrets” (there are none) just want to get him for the ponzi scheme he has set up.
Heads up said,
November 25, 2007 at 6:09 pm
CIA, do you know that you stating via the internet that you part of or a representative of a U.S. government agency. Do you know that if you are not a part of this government agency this is an illegal act under Title 18 U.S.C. section 913 as defined under Title 18 U.S.C.section 202. Think about before you do it my friend. It may be funny to you, but some body may not find it amusing.
good luck guy,
Janice said,
November 26, 2007 at 11:02 am
I just started with Higgins Group , last Oct and expected a deposit to my account Nov 20th , still none , anybody out there with the same problem
Rohan said,
November 26, 2007 at 11:17 am
Make im stay deh.Impersonation is a serious crime. And if he believes they cant find him because he is on the net think again. Your cookies and your email address is easy to pick up. The FBI went to Wales to pick up an hacker last year.
If C.I.A is not in cash plus, how would the so called ‘PONZI’ Scheme affects him. Did you lose your money? It should not be the case, because C+ is alive and well and its a good time to get your money out. Other wise tell me why you want to get Mr Hill because of his ‘ponsi’ scheme. There must be some conflict of interest and your business is affected by C+ operations.
Why do you want to get him? If I set up a scheme like wire would you come and get me too? I cant see anywhere in the books to say PONZI is illegal is it? Show me where to find it then.
Dreamscape said,
November 26, 2007 at 4:08 pm
You ever wonder if the person who post for U.S. and CIA is the same person? They are sooo negative, and thoughts partner are basically along the same line…
U.S. said,
November 26, 2007 at 8:25 pm
Dreamscape….dream on buddie. I have never lost any money nor have anything to do with Cash Plus (directly or indirectly). I am simply a realist and don’t want other people to be conned by those that pump the hype and get people to “invest” in these schemes and get hurt. All of these schemes require other to be recruited (usually with something about being “special” since you need to know someone such as for an invite, etc. it is that exclusivity that drive the frenzy that you will be left out of it). The whole things is screams scam…… I hope all the fraud is investigated before more people get hurt.
Apple said,
November 26, 2007 at 9:22 pm
Hi Rohan,
Just to let you know that it is not only cash plus, olint is also facing the same from the banks.There may be others I am not sure right now. I must share that I am a member of cash plus and I do not plan to run, I believe this too shall pass.
Apple said,
November 26, 2007 at 9:27 pm
Is this person CIA real or just bored and use this medium to pass time. Your information seem fictions. Please to get your facts right.
Carl said,
November 26, 2007 at 10:17 pm
This person has no shame. I was away for nearly a week and I am surprised to return here and see that he is still here. He certainly has not one productive thing to do with his time. It must give him a lift , just thinking about this blog. Rohan did you know that the So called CIA and that other person is one and the same?
Aziza said,
November 27, 2007 at 1:01 am
I have read this thread from start to finish and I agree with the notion that U.S. and C.I.A. are one in the same. I also think that for someone who is a “millionare” or a member of the “C.I.A” they surely do spend a lot of time constantly posting on a little known message board to a group of people that are obviously not interested in anything they have to say. Go figure.
Rohan said,
November 27, 2007 at 1:21 pm
I started to analyse their arguments looking for symmetry. But I was busy for the last couple of days. I have not come to any conclusion as yet. I was waiting for more comments.
pretender said,
November 27, 2007 at 9:06 pm
hey guys,
As of january 1 2008, all cash plus account holder will be paying tax (25%).
Janice said,
November 28, 2007 at 10:41 am
Anybody out there receieved the funds for the Higgins Group since November
sixto22001 said,
November 28, 2007 at 12:13 pm
Hi Guys, pretty interesting blog. One thing i think we should do is ignore the negative people who post messages here. Without us paying them attention they will have nothing to do. On a positive side, can any one tell me if i can still get into Olint, I’m in jamaica. Also apart from cash plus, which other investment club is the best to join. I’ve been in CP for over two years and i have no problems until since of late when this bank issue started. Therefore even the blind will see that these peopel trying to bring cash plus dow. BNS made 7.6 billion and NCB 6.6 billion i think. The point is, they have not shared any of that profit with and what they made is still not enough for them. Lets stay positive, help each other and ensure things go well.
Rohan said,
November 28, 2007 at 1:36 pm
I have watched the video and this excites me. I suggest you all enjoy some of cash plus services and facilities including vacations. If you spend your money with cash plus business, we will reap the bennifits. I urge you to spend with C+ so they keep going. What goes around comes back around. In other words, spend some of your earning with cash plus and you will keep them afloat.
http://www.youtube.com/watch?v=QYIqMIaCH_w
The guys posted the videos of the meeting held on the weekend. Nuff news.
United States Dude said,
November 28, 2007 at 7:22 pm
Great video Rohan, it just confirms for me what a scam it is. Investments should not be a religion and this guy is about as trustworthy as Farakkan….. What a joke. Whoever invests with this group deserves what they get. Do the smart thing, open up an INGdirect savings account instead…..
Rohan said,
November 28, 2007 at 7:38 pm
Bwoy US dude no stop change him name. There are other similar to cash plus in the UK like my motor car rescue firm, but I get get in that because they take hundreds of £££. Those bigger than me. I can take the risk with CP. Will make enough money to pay my university fee with INGdirect? My fees are £10,000 a year plus living cost, you lucky. I am in my final year right now and I went through UNI with CP money. So I can say is did well for me.
Any business can go busted, did you know NCB got busted and was taken over by FINSAC? And Mr. Chin buy it out.
Jcan said,
November 28, 2007 at 8:17 pm
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Rohan said,
November 29, 2007 at 1:48 pm
Well said my friend. Thats what I want to hear. Bring it on. For me alternative investments mean progress. I am not gonna stop working. But AIs will help me to meet my short and long term goals. People here thinks no one want to work any more because of HYIs, but they are wrong….
sixto22001 said,
November 29, 2007 at 2:36 pm
Rohan i heard today that that i can’t get into olint from ja any more because of the a court injuction. I’m therefore thinking of putting some money in worldwise. In light of the present strain on the investment companys here at the moment do you think this would be a good idea? I’m already getting good returns from cash plus which i then invest in mutual funds but i still have money idle in the banks which i think should be working. Is world wise a good investment option?
enelra said,
November 29, 2007 at 8:08 pm
I’m askin anyone out there who has a link to the higgins ppl to send me an email & let me no at arydunn@yahoo.com. I’ve not got my interest for Novmber & don’t know who to talk to. Someone told me that they were experiencing the same problem and drove down to their office in Mo-bay where they got a cheque is there any truth to this and where exactly is the office in Mo-Bay.
Please I’m concerned
Nathaniel said,
November 30, 2007 at 2:42 am
Hi people,
I live in the UK and just came back from New York where my Auntie told me about Higgins and Warner, can anyone point me in the right direction to sign up and also do i need a Jamaican bank account to do this or is my UK bank account sufficent?
Please Email me and let me know.
sherona27 said,
November 30, 2007 at 3:08 pm
I invested some money in worldwise for the past 2 months and i receive my interest every month on the 30th without fail. U can check you account online and if u allow ur principal to roll over u can double ur money in 6months. Worldwise has a minimum investment of US$300. U earn 6% on 300 -1499 and 12% from US$1500 upwards.
Patricia said,
November 30, 2007 at 10:43 pm
Sherona, so you got your interest on time for November?
Rohan_GB said,
December 2, 2007 at 10:29 am
.Sixt: your not new to this since you are in C+ already.Why not? and remember just put a foot in the new one and see how it goes. What some people do not know in Jamaica that the Internet is borderless. Meaning you can trade in any part of this world using the net. So will the gov take a trading company in Europe if you go online and buy shares? What they going to say; you cannot buy from them because they have no licence.
People who want to get in thinvestments firms must get a referal. Soon people will be emailing you. As they get referal fees. In the meantime read this article and give your opinion.
High-risk investors have no legal backing
http://www.jamaica-gleaner.com/gleaner/20071202/lead/lead2.html
Rohan_GB said,
December 2, 2007 at 10:34 am
It would be nice to have your country or city of residence prefix at the end of your name.
For people in the UK city bank can set up an ofshore account for you. Min US$ 2500 balance must maintain in your acc per month. I will look for the guy direct line and you give me your email so I can pass it on. I know they do it in 3 curriencies US EU and Sterling.
Apple said,
December 2, 2007 at 5:57 pm
Is swiss cash back?
Jamdowner said,
December 2, 2007 at 9:39 pm
La Nacion article translated from Spanish. Makes interesting reading.
http://translate.google.com/translate?hl=en&sl=es&u=http://www.lanacion.com.ar/herramientas/SoloTexto/Nota.asp%3Fnota_id%3D965307&sa=X&oi=translate&resnum=9&ct=result&prev=/search%3Fq%3DEmile%2BMaxim%2BSt.%2BPatrick%2BHiggins%26start%3D20%26hl%3Den%26rlz%3D1T4GFRC_enJM203JM204%26sa%3DN
debbie s said,
December 2, 2007 at 9:43 pm
hi my name is debbie an di live in new york and i am trying to get information on how to joint can some one pleassss tell me how to join i would really appreciate it thanks
debbie s said,
December 2, 2007 at 9:44 pm
oh my email is shimhue28@hotmail.com
Sixto22001_Ja said,
December 2, 2007 at 9:47 pm
Hi there bloggers
Rohan i saw that article and thought it was typical of alot of the negative ones i saw. First of all, once there is signed a contract between two parties then an agreement has been reached and where there is an agreement then there is always grounds for legal backing should the need arise. High risk investors understands that there monies are indeed at high risk before there invest what ever monies they do. The thing to note is that everyone suddenly want to regulate all the investment clubs even when it’s not applicable. Clubs like Olint and World wise deal in Forex trading as for as i know. The forex industry is an approximate 2 trillion us dollar a day business which has never been regulated any where in the world before.
As for other clubs like cash +, they don’t fall under the regular scope of businesses that need regulating. What there people are not telling the public is that when a company is regulated it doesn’t mean that their monies are safe.
The ( JDIC) which is responsible for insuring monies place in banks credit unions and building societies will only insure a sum up to 600,000 Jamaican dollars. To add further to that they only cover savings accounts, chequing accounts time deposits and certificate of deposites.
Interestingly, there don’t cover commercial papers, insurance products, stocks and bonds, debentures/loans, mutual fund/unit trust, certificate of participations and repos.
In my humble opinion should any one decide to make some serious money and put it in a commercial bank then they may end up feeling worst than someone who has their money in a high risk investment. This is so because not only will you not be getting a high interest on your money but in some areas you will be at risk just the same.
These people are calling most of the investment clubs unregulated and sometimes reffer to them ass illegal. There are warning everyone not to invest in the clubs and on another side they are trying to see how much tax they can collect. This is just wrong.
Most of the people involve in these clubs sometimes don’t know all they should and i that is what i think the regulators need to focus on instead of trying to break up the clubs. Not because a company is publishing quarterly statement means they are truthful which is what a lot of people don,t realize.
I sat for a hour and a half yesterday and listen to Mr. Carlos Hill speak and i most be honest, he never told me all i wanted to hear but he told me enough to let me feel comfortable to stay in cash plus. Nothing in life is certain, i’m there willing to continue on the path i’ve been taking for the last year. Where i’m wrong about any of the aforementioned can someone kindly educate me,
Much said
sherona27 said,
December 3, 2007 at 8:43 am
Patricia,
Yes i did. I received my interest November 30th
yuteliink said,
December 3, 2007 at 12:07 pm
Can any one provide me with a referral for May Daisy? My email is crazy_hypejm@yahoo.com
sixto22001 said,
December 3, 2007 at 1:34 pm
I can provide referral for anyone who want to join Cash
+
Rohan_GB said,
December 3, 2007 at 2:23 pm
I remember in the 90s when workers jobs were being made redundant and when they got the pay off all they did was to purchase a car to opperate taxis. These were illegal taxis and the government refuse to legalize these robots as they were affectionately called. These robots did well for commuters because there was no proper bus system in place and people want to get to and from their busisness and work. People from every nook and cranny could rely on the transport to take them home, even in deep rural Jamaica you could get a taxi. After a fight from the agencies and bigger players in the business they manage to however regulate the route taxis.
Investment schemes are doing well for Jamaica and Jamaicans. The problem is that the information get out in the public domaim and every body is getting involve. Growing up in Jamaica, I know for a fact that some people hold back information from other people fearing that they might know and become better off or enjoying life like them. You call them people deh bad mind
According to the government these schemes do not need to regulate if the members are under 100. As far as I am concerned they did not have anything in place for these HYI schemes. These schemes can opperate out ouf Jamaica using the Internet. But there would be a barier, that is not every one have access to the Net and have a credit card or a visa/master card debit card which they could use on line. I bet the banks are trading forex and customers do not know about it.Thats why they are getting worried now because some radicals open up the market to normal working class people. A lot are scared that the working class is gonna move up to middle class and share the wealth, people wont be working for them any more, dining out at fancy resturant beside the rich is not so welcome by them the rich. The normal people are being empowered now and they dont like it. There are so many millionaires here in the UK and no one is worried, the government want people to improve their life and living conditions. Can you believe in rural Jamaica some communities do not have proper running water, people still living in mud and bamboo thatch house? There is alot to say trust mi. And I am pissed off with the system. Well at least there will be a reduction in extortion in Jamaica.
Next Why do they regulate……
Maverick said,
December 3, 2007 at 3:29 pm
Hi There,
I am interested in putting some money into Higgins And Warner. Can someone reffer me please.
My email address is babyface_boydi@yahoo.com
Thanks in advance.
Maverick said,
December 3, 2007 at 4:23 pm
I’m in Jamaica
mally said,
December 3, 2007 at 4:49 pm
I know some people will say that I am negative. Be careful of Higgins Warner they are having problems paying !!! I am now owed three payments. I was one that came on and said that the others who tried to warn were negative and did not want us to make money !!! this is a severe case of HARD EARS PICKNIE DED A SUNHOT !!! New investors be careful and watch ,before investing !!!! Cash plus might be a little late, but Higgins Warner stopped paying me !!!and I have felt the burn. This man use to take calls, now he is in hiding.Have a feeling he is ready to run !!!
G_Nice said,
December 3, 2007 at 4:53 pm
Sixto22001, I really like the points you make. In particular that notion that sharing financial records ensure a company is trust worthy. Cash Plus is not public organization and the best someone could hope to receive is an audited statement.
I have been involve in a couple investments with private firms and unless the amount being borrow really requires things company’s are not going to go through this step, it’s just to costly and time consuming.
Regulatory requirement like SOX are good for the investors, however they also have a negative effect as they create a lot of overhead and can slow down the pace of innovation.
I’m a risk taker. I use to go to school on a country bus with 2/3rd of my body hanging out a door. We sometime asking that the work “risk” is bad. It’s the final outcome however that determines whether this is true or not. Those that took a risk in the late 90’s real estate market are not complaining
Maverick said,
December 4, 2007 at 8:41 am
Anyone out there can give me some strong information on Higgins Warner. Wheather you are not receiving your payments or if you have received yours up to last month. I want to know what im about to go into before i do so.
Analyzer said,
December 4, 2007 at 9:44 am
First off, I would just like to say that I am not U.S. posting under a different name. However, I happen to agree with him and many of his points. I have been following these “investment clubs” from when OLINT first hit the scenes a few years back and have always held the opinion that they are ponzi schemes where new money is used to pay off the old investors and rely on the promise of “high returns” to keep the new money pouring in. I am a Jamaican living in New York and have been working in the investment world for the past 10 years.
A few facts:
Fact: Between 2001 and 2006 the U.S. Commodity Futures Trading Commission has prosecuted more than 80 cases involving the defrauding of more than 23,000 customers who lost $300 million, mostly in managed accounts involved in FX trading.
Fact: Not one of these “schemes” (OLINT, Cash Plus, Higgind Warner, and the countless others) have shown an audited financial statement (signed off by a reputable accounting firm) confirming the assets they have and the returns they “supposedly” have been delivering. That should be any investor’s absolute first priority in validating an investment strategy. Anybody can say they do something, and just because many other people buy into it does not make it true. There only reason that these schemes would refuse to offer audited financials is if they have something to hide. Plain and simple.
Fact: No legitimate investment vehicle (whether it be a mutual fund, hedge fund, or any other type of structure) that is still in existence today has ever consistently generated 10% monthly returns without any losing months. There are certain private equity funds and hedge funds that deliver fairly high returns (although not that high), but come in very lumpy patterns over a long time frame (many years) as their investments materialize. The best hedge fund in the world called Medallion Fund run by Renaissance Technologies (which manages only their own money) which has a team of 150 scientists and PhDs cannot achieve those types of returns (they manage 38% net returns annually and have occasional losing months). See website for details (http://en.wikipedia.org/wiki/Renaissance_Technologies).
I am sure there are people out there who have and will make money from these ponzi schemes. But that is the definition of how they work. They rely on the success of the early investors to spread a “buzz” about fabulous returns which continues to bring in fresh money to pay the monthly interest payments. This all continues until (for whatever reason) a large amount of these investors decide at the same time that they want their money back. At that point, the scheme does not have nearly enough money to cover what they owe their investors and the whole thing comes tumbling down. And the people that got in last will be the ones that really lose the most. That is why these schemes are so concerned with keeping new money coming in. They offer referral fees, they spread fluff media about foundations and other unrelated businesses to give them an appearance of legitimacy. Even the whole method by which you have to be referred to get signed up is a marketing tactic to make it seem like you are being granted entrance to exclusive investment world that only a lucky few get to participate.
Then there is the whole argument that the commercial banks are “out to get the little guy” and make huge sums of money while they offer nothing in return. We live in a competitive world where outsized returns are hard to come by and if Jamaican banks were making such money, then you would see every banking chain in the world opening up offices in Jamaica. Also, these people can simply buy shares in BNS or NCB (and thus share in the profits) as they are both publicly listed companies. However, I think they will find that it is not all profit and fun as the share price of NCB is actually down slightly for this year.
You will also hear stories about John Doe who lost his job and that if it wasn’t for whichever scheme that he would not be able to keep his children in school or feed his family. And that anyone who opposes these schemes are against the poor. This is complete nonsense because once these schemes come down, it will be these very people who are hurt the most. Sure, there might be a handful that have managed to get out more than they put in, but there will be far more John Does who end up losing all of the hard-earned money.
I could go on and on with many points on why people should not invest in these schemes, but no matter what I say, people will (and have a right) to do what they want. I am simply offering my input as someone who looks at investments for a living. I wish everyone the best of luck and lots of success.
Annt said,
December 4, 2007 at 2:19 pm
People are still getting their interest from Higgins Warner. The amounts are being paid way late but payments are being made. If you visit their office in Mobay, you will get a cheque and this will avoid the waiting time.
If the man plan to run, he has not run off yet.
Sixto22001_Ja said,
December 4, 2007 at 2:47 pm
Good day blogger
Throughout the life of the human being they have always fear the unknown. Millions of years has pass and many things has change but this aspect of the human instinct remain the same.
I have read all your comments and one thing i can tell you all is like it are not persons form cash plus has been getting their interest. The bankers association fear what they don’t know. All of a sudden every one wants to know what Carlos “Marcus Garvey” Hill owns. Just a little more my friends and you will all hear how this icon made his money and how many companies he also own.
The skeptic can continue to be doubtful but this is what happen when globalization start taking control. The banks are crying because they cant compete and the private sector is crying out aloud because they want to continue enslaving and brain washing the average man.
People, the world is changing and who cant compete will just have to get phase out. Mark my words, Cash plus and Olint not going any where anytime soon so you all better get use to it.
Best wishes to all you haters. We will prevail like it or not
Rohan_GB said,
December 4, 2007 at 3:47 pm
If I make back my principal already, what is there to lose? I hear you but I certainly wont come crying to you.
I believe the banks have been using our money to do Forex trading long time ago. And dont mix up illegal with regulation. If these companies were operating illegal the govenrments would kick them out long time ago.
ky said,
December 5, 2007 at 11:13 am
This blog is great .. just something else … thanx for all the info guys
To Maverick ..
like everyone else higgins warner is having problems with the banks, but they are still paying, i collected my cheque for november from the office but so far this month i have already received payment for one of my investment via my account. So they r still paying but for persons just joining up it may be a little unsettling when u dont get ur funds on time so u might want to just hold off a little until they have cleared their back log. Sounds like they may have everything up to date in another couple of weeks.
Once again … does anyone have any info on may daisy?
Annett said,
December 5, 2007 at 11:20 am
Hi guys i have been reading your blogs and find it very interesting. I am in Canada. Do they have any connections here. Please let me know
Wendell said,
December 5, 2007 at 11:25 am
Deborah Manning said,
November 3, 2007 at 3:17 am
I always wonder how it is that educated people can be so motivated by greed. You do the math. Invest 100,000 at 20% per month over 5 years. Thats over 32 million dollars. This company would not only make me into a millionare in 5 years but I could comfortably retire. Why then is it that people who REALLY have money aren’t beating down the company’s doors to get these returns when in fact so many people know about it through their viral marketing? Because its just a mathematical impossibility. What could you possibly be investing in to pay me 240% per year and still retain a profit for yourself? I think when it comes crashing down the sound will be greater than the world trade centre…only this time it is really YOUR money that will really burn!
Debbie,
Your Math is wrong. 100,000 for five years at 20% per month will yield over
5,634,751,435 ( 5.6 Billion dollars) WOW THATS CRAZY.
patrick said,
December 5, 2007 at 11:58 am
wow thats crazy Ms Manning, use a calculator next time, lol
Maverick said,
December 5, 2007 at 1:01 pm
Thanks KY. That information is very useful to me in making my decisions. I will definatlely hold off for some more time and see how things work out. However I would like to know how do they pay out? Do they wire your mthly pymnt to a bank account of your choice? or do they write a check at all times? You said you did received a check, did the banks give you any problems in cashing that check or do you have to lodge it? are they accepting HW checks without any issues?
Please let me know.
Wendell said,
December 5, 2007 at 3:49 pm
The only difference beween investment schemes and bank as it relates to deposits is that in banks depositors are insured up to a limit on their investments. The banks take MY new deposit and pay YOUR old interest the same way investment scheme does. however, Investment schemes pay much higher interest to compensate investors for the high risk they take of having no assurance that they’ll get paid. In the stock market there is always the possibility that your securities could go belly-up, heck! I lost thousands in Enron a couple years ago. That’s the risk you take when you expect high returns. So if you are very risk tolerant go EARN or LOSE your money as you see fit BUT give yourself all the CREDIT if you gain and all the BLAME if you lose.
AR said,
December 6, 2007 at 12:07 am
Guys sorry to say but, think about it , if i were a business owner and i could give those kinds of returns , definately thinking like a business owner i would want to make a profit after the initial investment was paid back to the investor, therefore i would say the deal is 10% per month untill the investment is paid out the 5% thereafter. Thats how i’d make a profit. 10 % cant be paid out forever. who will get caught not recieving their piece of the pie.
there u see, SCAM written all over this, funny how greed can fool ppl into believing they can get rich quick. I can see that ppl who make sences here are the one’s who didn’t invest. Good luck to you all.
http://jamaicaobserver.com/news/html/20071204T220000-0500_130057_OBS_THE_TRIALS_AND_CONVICTIONS_OF_CARLOS_HILL.asp
AR said,
December 6, 2007 at 12:33 am
Dont forget about tax time —lol
This is a public notice from the Tax Administration of Jamaica Published in the Arts section of the Sunday Gleaner dated: November 11, 2007.
Under section 5(1) subsection (b) of the Income Tax Act, ANNUAL SUMS earned. including interest, are subject to income tax. The public is advised that income tax is due on any interest earned from monies placed in investment schemes of any kind.
It should be noted that persons resident in Jamaica are liable to tax on profits or gains (including interest) accruing in or derived from the island or overseas, whether received in the island or not. Similarly persons not resident in Jamaica are liable to tax on income arising in Jamaica.
Persons who earn interest from investments, whether the interest is paid or credited to them, are therefore reminded to file annual income returns on or before March 15th, disclosing ALL income earned (including interest) and to pay the taxes due. Failure to comply will result in interest and penalties being applied.
This is a statement of the law. Its is NOT an endorsement by the Tax Administration or the Government of Jamaica of any investment scheme which is not licensed or registered by the Financial Services Commission.
Spartan said,
December 6, 2007 at 12:12 pm
yes my people. . .Cash Plus. . .. .the time has come to pay the piper. . London Bridge came falling down and they made a nursery rhyme out of it. . .who knows what the future holds. . .definately some short term coverage maybe a book or few. . .I am pretty sure some current musical artisits will make a ballad or few about what is going to happen . . .and make no mistake something is going to happen. . .u thought jamaica was violent before. . .wait till people find out that Carlos Hill is probably MIA. ..and that is not short for Miami International Airport . .even though he probably stopped there en route to some far off country. .
.When u steal people’s money. . .jamaican peoples’ money . .gun shot usually start to fire. . .Bloggers alike I invite you to type into your google browser ‘Albania Ponzi scheme” and then “MMM russia Ponzi.” This will make for some good FACTUAL reading. This is REAL, Carlos Hill is going to try and tell you that the banks are the one’s responsible for all the ruption and they are the ones to blame for losing money (which will happen). . Thats what the criminals (like Carlos Hill) did in Russia and also in Albania. He will do the same. . .but I just hope . .i just hope . . Mr. Hill, that you understand that this is not New Jersey, you don’t rob people, especially jamaican people, and just go to a Medium Security Correctional facility and serve your time . . .eating cold waffles and drinking apple juice and think its all fine. . .This is Jamaica Mr. Hill, and if you forgot, we clap people over here.. . . FOR NOTHING.. . . dont give us a reason to give you a “Standing Ovation” and by that I mean a barrage of “claps.” Ahh well . . .my duty here is done. . .and for bloggers all over . . .and whoever has money in Cash Plus. . .it is time for justice. .and that my friend comes in many different forms. . especeially in Jamaica. . .the land of Wood and Water!
GQ said,
December 6, 2007 at 12:42 pm
Just something I found…
http://latimesblogs.latimes.com/laplaza/2007/11/disney-no-park-.html
« Falling bodies and stunning upsets: Election day in Guatemala | Main | Introducing ‘Vlad,’ the would-be Brazilian Dracula? »
Disney: No park planned in Latin America
The entertainment giant took the unusual step of placing a paid advertisement Tuesday in Argentine newspapers to deny reports that a new Disney facility was to be built here. The ad said Walt Disney Co. “is not considering at the moment the implementation of any theme park project in the Argentine Republic or in any other country in Latin America,” noted a story about the flap on the website of the newspaper Infobae.
Last month, La Nación wrote about the swirling rumors in an account under the headline “Disney, an ephemeral Argentine dream.”
Disney said in its ad that it was initiating “legal actions” against Emile Maxim St. Patrick Higgins, who it said was responsible for spreading reports about a prospective new “Walt Disney Mundo.” La Nación identified Higgins as an “eccentric Jamaican impresario” who heads a firm called Higgins Warner Corp. The newspaper quoted a local official as saying that three helicopters recently transported Higgins and apparent associates from the United States and the United Arab Emirates to meet with the mayor of San Pedro, where the park was supposedly to be built at a cost of $1 billion.
On Tuesday, Disney declared that Higgins had no “no relation” to it. It also expressed regrets that the actions could “damage the good faith of public opinion, generating false expectations.” An e-mail sent to the Argentine firm associated with Higgins elicited a response that “Walt Disney Mundo … has nothing to do with Walt Disney World of the U.S.”
Posted by Patrick J. McDonnell and Andrés D’Alessandro in Buenos Aires
Maverick said,
December 6, 2007 at 12:56 pm
Here is something that is posted on the HW website.
http://waltdisneymundosa.com/
In light of the public events, we inform the media
and general public that Walt Disney Mundo SA, Inc
has never stated that we have any relationship with
the other Walt Disney, Inc. We cannot be held
responsible for any inaccurate or wrong material that
is spread in the media based on misleading or
dubious sources and lack of rigorous research and
fact-checking.
MAX HIGGINS.-
President of Walt Disney Mundo SA, Inc
He said that he never stated that he was affiliated to Walt Disney USA
Rohan_GB said,
December 6, 2007 at 1:47 pm
All Stale News.
You guys come with some thing new. Tell me some thing I do not know about.
Rohan_GB said,
December 6, 2007 at 1:51 pm
HE should have never use the name Walt Disney because its copy rite. Using the name is misleading.
U...S... said,
December 6, 2007 at 8:21 pm
Gee Rohan, ya think? Of course he should not use Walt Disney’s name. That video was very funny and such a ridiculous attempt at fraud. My goodness how can anyone give this con money? What a scam. Did you read the response too…. hilarious.
TB said,
December 6, 2007 at 8:22 pm
http://www.minvestment.com/?r=jettt. This is my referral link.Take a look and Give it a try.
ky said,
December 7, 2007 at 10:00 am
maverick, yes they wire it to a bank of your choice. When you sign the contract you indicate your account info, whether jamaica or abroad. I had no problem with my cheque i simply deposited it in my account and it cleared in about 3 days. But they told me i could have cashed it at the bank on which it was issued.
sixto22001_JA said,
December 7, 2007 at 12:15 pm
GB, U.S/CIA/U.S DUDE and Spartan. I want to ask these indiviuals to clearly define their purpose and reasons for coming on this blog. The purpose of this blog is to help everyone get a clear and balance understanding of whats going on in the investment world, so their can make better business decisions.
I understand the importance of pointing someone to the correct deriction and the need to clearly out line the negatives of every situation. What i dont understand is the purpose you guys serves.
Viewing your inserts has remind me clearly of the CRAB INNA BARREL situation that exist among many people who are tryin to make a better way of life. Folks, your attitude potray what we call in Jamaica “BAD MIND”.
In other words, you are all attempting to pull down productive or persons who are attempting to be productive.
This is the same level of Bad mind that exist among many people who have become millionaires by various means and have start to BURN BAD LAMP for others trying to do the same, solely because they dont want any one else to have a taste of the Good life.
I have news for you, from the dust we came and to the dust we’ll all return when Mr. Death comes. And on that given day what will they be taking to the dust with them, not a earthly thing.
My point in this,i have not seen where any of you guys are saying or doing anything to help people in general, but you seems all to be rejoicing in a hollow victory. Carlos “Marcus Garvey” Hill is no saint, neither is G.Bush, B. Golding. F. Castro, but does that means that these guys don’t know what they are doing? I think not.
As a memeber of C+ I find it very important in bring all the information about Mr. Hill to the public eyes. If he have done wrongs in the pass so be it, but he should also understand that we are willing to give him a second chance to do what is right, hence i think keeping him in the public eye is good.
U.S who is a self proclaim Millionaire with many degrees seems to take everyone for a fool. If you are not just another BAD MIND LOW LIFE, i challenge you to stop wasting time being negative and give back some of what you have gain and what i’m sure others would have help you gain. No one want your free hand outs but if you’re not a fake i challenge you to give these people some productive alternatives to what they are doing.
You can’t come on this blog telling everyone all these negative and expect anyone to listen unless you can provide sound alternative. Many persons here have been in these clubs for a while and have made alot of money and have never had any problems until these detrators started to make trouble.
I dont find it funny that you guys have sort to rejoice over some recent events, this is serious business. The Jamaica PM made a carefully construsted statement regarding these clubs yesterday. As he put it, “these business are not illegal, hence the goverment will have to wait on the courts before making certain descision”.
We are now living in one global community and you all have to understand that not because something has never been done before doesn’t make it illegal or bad. Lets here from you ( U.S/CIA/ US DUE and company)
Spartan said,
December 7, 2007 at 12:47 pm
my friend,
sixto22001_JA , How are you. . .I am going to take a wild guess. . .You probably still think that cash + is a ‘viable business’ . . and if I’m right with that guess . .I would like to make another guess. .You probably think that on December 25th a fat man dressed in a red jump suit is gonna be hauled from the north pole by a bunch of reindeers all over the world dropping off gifts. . Santa!! . . .’FAT CHANCE”
Well listen my purpose in this forum my friend is not to give people any alternative advice in regards to investing. .you weigh the risks and possible gain and make your own decisions. My purpose is simply to state this. . .Albania in 1997 went through a ‘quasi’ civil war as a result of a SCAM JUST LIKE CASH PLUS. In Russia close to 50 people comitted suicide because of a SCAM LIKE CASH PLUS. .I am here to warn readers about the strong possibility of danger. .people taking the law into their hands. . .this is Christmans time . .aka the season of the consumer. .more money is spent by the consumer during this month alone than the first half of the year. You dont think we are gonna have angry people if they cant get their Christmas money? Or better yet. .they’re LIFE SAVINGS! Stop hoping that cash plus is real. . its not. . start planning on how ur gonna recover. .they might still have some money to return to a couple investors , , make sure you’re one of the few. .
Siging off
SPARTAN
Spartan said,
December 7, 2007 at 1:02 pm
And . . .Carlos “Marcus Garvey”| Hill. . .is about as a big as a joke comparing saddam hussein to Martin Luther King. ..just ridiculous. .ludacris . . unthinkable. . just plain wrong
Rohan_GB said,
December 7, 2007 at 2:26 pm
Cash Plus have then guessing. Sixto, alot of investment firms are out there, dont let these guy put you off. What they are afraid is that there will be too much millionaires in Jamaica. Currently there are only 7 or 8 out of 3 million Jamaicans. I have seen so many millionaire in London alone and they look so nomal you dont even know they are.
As youmentioned there are a lot of badminded Jamaican out there and there are some on this page with US/CIA spliting personality is one of them.
My money is in Cash Plus and I an heading for more HYI and traditional investments. What they gonna do about it. I know that they have financial interest out there that are affected by the new schemes.
They still want to keep us down there at the buttom of the social ladder at all time. They know we are gonna buy a house beside them and they do not want it so. The PM acknoweledge that the schemes are not illegal however, they are not regulate. How can the banks declare Cash Plus illegal? Isn’t that the job of the government? Too much monopoly in Jamaica in a time like this. We still have 1 or 2(flow) landline phone company in the Government must allow interconnection of landlines to home and businesses so that we have much more choices. There is not much bank to chose from, one theatre company running all the cinema in Jamaica. There is no competition and Jamaica has made it difficult to access funds for new developments. Thats what USAID reoprted last year. I dont have the report at hand so I will leave it here. The New Internet Age make almost anything possible. We gonna invest accross border an dem a fret.
U....S..... said,
December 7, 2007 at 6:23 pm
sixto22001_JA said —- I don’t understand the mentality that I would want to “keep you down”. Why the heck would I care if half Jamaica were millionaires? If anything, I would prefer that. I simply am putting out the warning on the scams and the REAL human suffering that will result by perpetuating it. The alternative is this, go out and start your own business, be an entrepreneur. If you don’t have enough money right now then work hard, save up and start a business later. And I repeat, shame on those that perpetuate these schemes and draw others into them. Shame.
Jcan said,
December 7, 2007 at 8:38 pm
There are indeed some persons on this blogg that are not on the planet earth, and not really concern about the real poor Jamcans….The working poor cannot get anything to borrow and cannot work any order!!!!!!!!!!!!!24 hours daily at minimum wage cannot pay transportation much more to scrape to get into investment….lemonade/snowcone man are not cutting it anymore…Pray, where are they going to get this capital to invest?
CP lenders and the bank depositors….if cp is given a chance to sort themselves out, with some quick help from fx trading say in Jany to march 08..CP lenders will be way ahead of the bank depositors.
Why all this energy on investors…as was mentioned before, this is a time of giving…The working poor, the very poor and the helpless poor need all your help. Please, use all that venomous energy to do something good.
U...S...Truth... said,
December 7, 2007 at 11:54 pm
The “Walt Disney” Mundo official press release below if hilarious…….Wall Street doesn’t turn down money from “dirty rag head arabs” nor does Higgins have $1 Billion in backing from anyone. Wake up, what a joke…and so is the video. Invest in non-scams and you won’t get burned.
———————————-
Official Press Release
The leadership of The Walt Disney Company of Orlando, Florida, United States which consist of John E. Pepper, Jr, Chairman of the Board and Robert A. Iger, President, made it clear to Max Higgins that Walt Disney USA will never support Max Higgins building a prototype of Walt Disney in Argentina due to the fact Max Higgins is having the support of $1 Billion US dollars from the dirty rag head Arabs including the Chairman of kingdom Holding HRH Prince Alwaleed Bin Talal who is to be blamed for the massive amount of corruptions with Euro Walt Disney. Only upon Max Higgins accepting only Wall Street Investors will Walt Disney USA support Walt Disney Mundo SA, Inc being built in San Pedro, Argentina.
Based on the serious discrimination against the Arab World from the leadership of Walt Disney Company of Orlando, Florida, in the United States. The other Walt Disney Mundo SA, Inc wants the Arab World to know that we do not in any way shape or form support the most serious on going discrimination against Arab Investors by The Walt Disney Company and I Max Higgins welcomes all Arab Investors to come and Invest with Walt Disney Mundo SA, Inc being built in San Pedro, Argentina which is managed by the Higgins Warner Group headquartered in Buenos Aires, Argentina
Sign
Emile Maxim St. Patrick Higgins
President Walt Disney Mundo SA, Inc.
San Pedro, Argentina
http://www.waltdisneymundosa.com | http://www.higginswarner.com
admin@higginswarner.com
U.S... said,
December 8, 2007 at 10:28 am
Based on the Higgins website, I must say that Higgins guy must have some sort of delusional mental problem. His website and little poses in his photos are too funny and ridiculous to take seriously. Fly in a helicopter, have a few ladies in tow, and point at empty fields you don’t own with cheap graphics of some tram that circles around a make believe Walt Disney Mundo and claim that non-existent Arabs are giving you $1B and claim the the US is discriminating against you and Arabs in order to get people riled up. Please the whole thing is silly. Greed must blind people. Good luck IT IS A SCAM. And no, banks aren’t conspiring against him either….banks aren’t going to give you cash on a suspect check until it clears, that is standard bank policies all over the world. I can tell you this, there will be violence in Jamaica when the Higgins wall comes tumbling down and his scam is exposed…and many people will get hurt. The blood will be on the hands of those that recruited others to join in these investments.
Rohan_GB said,
December 8, 2007 at 3:12 pm
USS and others, OK we get your points now you can move on to run your business. We have already decide. Nobody is gonna take you serious because of you bragging about you 10 degree and billion fortune. How do you fine time to come on here? You must have a lot to do.
look how many of the institutions are own by the white supremacy mixed race or Chinese,and people like you keep them stronger. If you dont high brown complexion in Jamaica no one will lend you money to start up big idea business.
TB said,
December 9, 2007 at 7:35 am
I have gone 120days and have thirty days left I withdraw my interest almost every day and they are effecient when it comes to that. This is my referral link for those interested. http://www.minvestment.com/?r=jettt.
CHECK IT OUT!
tmb said,
December 9, 2007 at 3:44 pm
Hi. I’m looking for someone that can give me a May Davis referral. My email is triciamaeb@yahoo.com. I want to start for Jan 2008 and have been unable to find a present member. If anyone can asssist I’d really appreciate it!!
Jcan said,
December 9, 2007 at 6:18 pm
For Information Only:
What is this thing called Forex?
*** Bank and Governments have used it for themselves
*** Entry of the individual investors—making big profits
We know about the real world of money and how today it’s nothing more than the paper it’s printed on. You also read that although it’s worth something in the country of issue, it’s worth something else compared to other currencies. This is a big opportunity for making profits – the constantly changing gap between the Dollar, the Yen, the Euro and all the other currencies.
Today we’ll introduce the name of this process of investing in currencies. You may have heard the term Forex before – it’s a shortened term for Foreign Exchange Trading. Previously, we discussed how you’re already a trader because you trade your efforts for fiat currency with which to purchase goods and services. We also mentioned that the Forex market is huge, $1.5 trillion is exchanged every day five and a half days a week.
Around the world, Forex transactions make up one of the major sources of income for many central banks. The financial report of one of the largest Swiss bank Union Bank of Switzerland (UBS) showed that 80% of the profits generated in 1994 were made from currency conversion operations. Such renowned banks as Citibank, Chase Manhattan Bank, Barclays Bank, Société Générale Bank get their major income on ForEx.
Governments trade currencies as well to help balance their trade figures. Over the years, as more major currencies began to float, the currency market just kept growing. But all along, individual investors were not able to enter the market because of the large amount of funds required to participate. Only large investors having hundreds of thousands of dollars at their disposal could afford to trade on ForEx. During the early nineties that began to change as more automated electronic information became available and wealthy individuals took advantage of the opening. One legendary trading operation made by George Soros in 1992 on selling the British pound gave him 2 billion dollars of net profit in two weeks!
Up until 1996, individual investors only had access to the Forex world through the illiquid futures market and the un-tradable cash bank market. With the entry of the super-wealthy investors, the electronics and techniques for smaller entries grew. Today, with powerful home PCs and instant trading information, individuals trade currencies 24 hours a day worldwide. All this makes for a very large-scale opportunity simply because you can get in on it just like the big boys.
Something that is very unique to the currency world is the use of instant electronic information, down to every 15 seconds in real time. By using your home PC to directly place buy and sell orders, you bypass all the usual intermediaries and delays inherent in all the other markets. This instantaneous technology allows you to buy or sell currencies with equal ease—you can ‘short’ a particular currency when you see the trend is downward or ‘buy’ when you see it moving upward.
Another thing the wealthy investors brought with them was the use of leverage to compound their investments and profits. Nowadays, an individual can trade currencies with as little as $10,000 in a standard account. Even better for all of us is the idea of mini-trades that allow as little as $500 to control a two hundred times as much money for entering a currency trade.
Entering this gigantic market as an individual investor may seem daunting. The good news is that having proper training, reliable resources and a working alliance among those who are also trading and exchanging information improves not only safety of principal, but results as well.
As stated before, the growing and changing currency world of Forex has matured to the point of welcoming in individual investors. With highly leveraged funds but none of the usual downside found elsewhere to using them, you can join others from all walks of life who are successfully making money at Forex.
To find a lot more information, please visit the website at:
http://www.vrgroup.info
——————————————————
JILL said,
December 9, 2007 at 6:27 pm
Hi TB,
I need some info on minvestment. Can you email me please to discuss
millions23@gmail.com.
tn said,
December 10, 2007 at 9:39 am
Has anyone received their interest for the month of November from Higgins Warner?
soljah said,
December 10, 2007 at 1:06 pm
intresting comments site, do u have live chat room?
ensley said,
December 10, 2007 at 4:51 pm
@ 258 yes tn i got mine in my account last week
waiting on my december payout now
re said,
December 10, 2007 at 5:50 pm
Ensley, you must have a contact at Higgins Warner, I am in Florida and did not get my interest for end of October and November.Max keeps changing his stories. Last Thursday, my sister went to the Montego Bay office for my cheque and was told that someone was going on the flight to Florida the Friday morning with our interest. I sent back on Friday and was told the money was in Florida. I know now this was a lie as no one I know had there money deposited to their account. A friend of mine here in Florida emailed the company aftere not recieving her interest and got back a reply, that Max is in Dubai and he is asking us to be patient for ten more days. All I can say is patience for most people I know is running really thin!!!
U.S... said,
December 10, 2007 at 7:44 pm
re – All I can say is get your money. Maybe Max is trying to get that billion dollars he claims that will back his sham Disney World. Why would they give money to that Mickey Mouse operation … opps Max can’t use the name Mickey Mouse….hahaha. What a joke. Maybe it is be patient, Max hasn’t had time to get off the island with all of your money yet… Good luck. I hope you can get your money back.
Michael said,
December 10, 2007 at 8:57 pm
I have a payment date of the 4th of the month with HW and received the deposit today.I’m in Florida. I know it’s frustrating but try to contact Gilpin in Mobay 876-772-2374.
Carl said,
December 10, 2007 at 9:38 pm
TN : I received my Interest from HW for November . December’s interest is due sometime this week.
Sparkle said,
December 11, 2007 at 1:06 pm
TN. I also got my payment for November and one due on December 2. I am in Virginia. I think it would help if you can call them though. I really dont think they have a computerized system, I feel everything is being done manually. I still have one payment for November outstanding. I didnt get that payment for October until late November too. They kept excluding it from the list.
U S
I think everyone has gotten your point, and if what you have said is correct is correct, then I believe everyone is aware that they will lose their money. So, what if we are willing to take the risk? I think it is full time you get off this blog and find something more productive to do with your time. Go research other investment opportunities to increase your millions! Obviously, you get pleasure for nagging people.
Aziza said,
December 11, 2007 at 1:53 pm
US is a troll. Let me give you all a tip. Just ingore him….if you refuse to acknowledge his posts he will stop posting, and if he doesn’t then he’s a troll in need of psychological help (or a woman).
Spartan said,
December 11, 2007 at 3:23 pm
U.S.
I have some news for you. You are not a troll, but Im sure you already knew that, You are trying to warn people of the inevitable, (well inevitable means it will happen in the future and with Cash Plus, its poppin down as we speak) so I dont mean the inevitable but the current danger. But nobody wants to listen. .they think Higgins Warner is real, that is a SCAM destined to ruin people’s lives. . .However, not everybody, if you can get your money out , and really pull ur head out of your ass, You’ll see that the chances of this man really building a Disney World is about as good as Elvis still being alive!! This forum is great, but its just a reflection of the financial situation in Jamaica. .people really dont have any ‘good’ options. . .so I guess an alternative like this is trumped up by the lack of prosperity reflected in their alternatives. Anyway the Spartan wants to let u guys know that we have some really intelligent criminals out there. . .Higgins is not one, He is a criminal but a clown, and will only fool clowns. .please if u r not a clown leave higgins and warner and pray that You can get your money back!
The Spartan is out!
re said,
December 11, 2007 at 5:08 pm
We really should be pulling together at a time like this. I think we all mean well,but should also remember that people are hurting on his site. I heard of a lady who had to sell her car last month to pay mortgage, because her money did not come in from HW.She does not know what she is going to do this month. I think what really happen is that HW are paying out the smaller amts, so they keep the majority quiet.Things have gotten so bad for some people, that they took out loans on their houses so that they can get an income from one or more of these investment companies.Some people will say that was a foolish thing to do ,I will agree with that ,but only when we really are in situations then we can understand and so we all should not be pointing fingers,but try to encourage our brothers and sisters who made a mistake or just out of desperation made a bad choice.I for one wished I had come across this site before I invested with HW. so let us stay focus, and be open and let others learn from our accomplishments and our failures. After all this is what this site is all about. Lighten up and continue the good conversations.
Rohan_GB said,
December 11, 2007 at 8:47 pm
So C.I.A turn Spartan now. You are all troll all three of you.
U.S... said,
December 11, 2007 at 9:44 pm
Rohan – you can keep being a cheerleader as you run off a cliff. I have no problem with you except that your enthusiasm will end up harming others by bringing them into this scame. What should really be a big concern is the violence and unrest that will result. If you borrowed money on your home, lose that money in Cash Plus, what are you going to do??? And that will end up harming the legit banks in Jamaica too (just like the mortgage scams in the U.S. which is very serious) which causes others to be harmed, dries up investment and loans for others, and causes more fiscal pain in a country that I want to see prosper. Jamaica has good people, they want to make things happen, they just need to be shown the right way to put that energy and ingenuity to work. God help everyone when this all comes to light. I was in Jamaica a couple of months ago and was told about Cash Plus and what people were doing to “invest” in it and I felt so bad that people were being duped. I will feel even worse when people are in fact duped, for the innocent and even the ones that went in with eyes wide open like my friend Rohan. Oh well, I had posted what I could and hope it wakes up those who have $$$ in the eyes. If you don’t understand what you are investing in, then pass up that opportunity and invest in something you do understand. You don’t have to swing at every pitch. God Bless.
Gemini said,
December 12, 2007 at 2:09 am
Good day all. For those who may wish to know…I have received my Higgins Warner payment for Nov but it was late because of backlog/probs with our commercial banks. However for those who cant wait you may collect in their MBJ office or have someone collect on your behalf. For more info on joining Higgins Warner….ainsworth@email.com
re said,
December 12, 2007 at 5:32 am
Someone went there for me last week and was told that they have stopped giving cheques at the office . They were told that they will start depositing the cheques to our accounts on the 15th and 30th of the month.As for the people abroad, they send someone to Miami to make deposits. I am in Florida and they told her that my deposit would be made the last Friday. I am yet to see a deposit.I know the banks were giving problems with cheques from cash plus, but HW’s backlog has been going on since September and they try to blame the banks for everything.The banks have nothing to do with our deposits in Florida and we are getting the same run around.Max told me to bear with them until October as they were short staff, but they employed more people and would be back on stream, in the next two weeks.In October it was the banks, he told me that he took his money out and was all over(bank of America and others) opening accounts,by November things would be back to normal.Afer that he sent out a letter to investors askong them to give him until December10th and everything would be paid up.Well today is the 12th and I am still two months short of my interest. All the best to the HW investors, as many like myself did not and could not imagine that this man was up to no good !!!!!
tn said,
December 12, 2007 at 10:28 am
Re,
I must say I totally agree with you. I am also overseas, I am not sure how the banks situation work, but I know that if they are having problems locally, y then could not the wire transfers go through fine? I call the office and made them aware that I did not recieve last month’s interest, they told me that the person responsible for the wire transfers to the over seas accounts would be coming in later and I should call back. I called back the following day and was told that she was out of office and would not be back until the following week. I asked when I could expect my payout and was told, I don’t know or I can’t say. That was the only honest answer that I got because I know they really couldn’t tell. Talk about a run around. They also told me that they are no longer paying out at the mobay branch. Ofcourse I regret investing my money with them. I have no doubt that this is a scam or if its not totally, then something is definetly up. You guys may want to bash US but think about what he is saying and then make your decision, do not totally disregard his comments. For one, the sites that were created by Higgings Warner, have nothing behind it, its just an empty website that can be created by anyone. All this talk about investing with walt designy mundo is crap. Why would someone want to use a name like that when they are not in alliance with Walt Design, this can be only for one reason, to decieve. … Anyhow, I am standing in good faith that I atleast get out what I put in even if I have to cut from now.
sixto22001_JA said,
December 12, 2007 at 10:54 am
Hello everyone
There a few court cases going on with a few of the investment clubs and both the banks and FSC. This helping to slow up the process of paying out interest as injections are being filed back and fouth. What i i’ll suggest is that we all try and be very positive and help each other where it’s posible. As to the topic of wire transfer. We must understand that wire transfer is a very expensive business and none of the investment club is willing to foot the bill for this, hence they are trying to avoid this process where they can.
Most of us have invest in these clubs but i dont think we are all thinking positively and trying to get to the real reasons behind what is going on. With out any doubt there will be one are few of the investment clubs that may be scams but for the most part they are not. My point is my fellow investors. Stop listing to time wasters and try and find the root problem before making public out cry of fruad. Hope this do turn out better for those having a bad time.
Rohan i need to contact you , how can i do this?
Tb i need to contact you re- minvestment, how can i do this?
sixto22001_JA said,
December 12, 2007 at 11:10 am
U.S. and Spartan you have just been nominated for on OSCAR Award next year. You two are truly both clowns who seeks to feed on the emotions of the mentally fragile persons. We all get your points but we really dont need them. As i recalled i asked you both to put forward resonable alternative for persons in these clubs. To date all i can see is you guys still here with the CRAB INNA BARREL mentality.
U.S. i get the picture, you are really a millionaire but only in your mind. For all we know you are some scewed up retard, cripple in a wheel chair with nothing to do that try getting people to think less of them self and what the can get out of life. In the real world when people are sick or when they have their bills to pay, they cant sit and idle and hope monies will fall from the sky.
Find something better to do with your time, and if you are really a millionaire go to a golden age home and help one. I know you wont even listen to me has you will prove all i say right with loose speaking .
Spartan said,
December 12, 2007 at 12:33 pm
ok
I Apologise as i do understnad that many of the things that i said were hurtful to people especially if they have money invested in these Investment Clubs. But the truth, does hurt, I wish I could have gotten on this site earlier to try and help you guys even though u think Im trying to hurt you with this “Crab inna barrel’ mentality. You have to call a spade a spade my friend. I took a look at the Cash Plus prospectus: If you put your money in for 5 years they are gonna pay you 13% a month (US dollars). What that means is if a wealthy investor put a million dollars in . . .which many people can. . .they would be two times richer than Bill Gates when the five years is complete. That my friend is hard mathematical facts. . .if this was real Carlos Hill would have his own money in it. . .he could definately pony up a couple million. . and he would be the richest man alive by 2010!! Is an alarm bell going off in your head yet. . does this seem possible. ..even if we were living on Mars. . and pigs lived underwater and animals spoke english I would find this suspicious.. IF THIS HAS BEEN GOING ON FOR 4 YEARS LIKE THEY CLAIM. . .THEN CARLOS HILL SHOULD BE THE RICHEST MAN ALIVE!!
I’m sorry if I have offended anyone or made they’re day a little worse in these tough times. .i really am sorry because i know that the alternatives to get money in jamaica are limited to none. ..its really rough. .but the situation becomes worse when someone tries to rob poor people. . I just cant stand by and watch this happen. . .
The Spartan has spoken,
U.S.... said,
December 12, 2007 at 12:43 pm
The story that Higgins is going to U.S. banks is baloney……and is a delay tactic. The fact is, U.S. banks are regulated and won’t touch his money since it is a scam. Unfortunately Jamaican banks were at first unaware of the scam and now must deal with it and look like the bad guy which Higgins is now using to his advantage to those that feel disenfranchised. Higgins is mentally ill….with a criminal mind in my opinion. For those of good will, get your money out. For the haters, keep on investing and reach your “dreams” (too bad it will only be in your dreams since you’ll lose it all). The bottom line is if you could get 120% annual return why would you need other people’s money (especially from strangers)???
I hope Disney sues the snot out of that guy…. or he gets a taste of Jamaican justice if he hasn’t already fled the island. Someone in Jamaica needs to keep track of Higgins…where is he???????? Don’t let him out of your sight!
U.S.... said,
December 12, 2007 at 2:49 pm
I need Spartan to calculate how long it will take for Cash Plus to make Jamaica the wealthiest country in the world……who needs oil when you have Cash Plus, those Arabs could only be so lucky to have had Higgins and his kin instead of oil.
REFF said,
December 12, 2007 at 4:12 pm
sixto22001.
Please keep it clean, the physical and mentally challenge (retards and cripples) are not in this fight. No need to be rude. There are many millionaires in wheel chairs. I appreciate your frustration with the poster but there is no need to insult others. Keep up the positive posting; it’s very interesting and informative. I honestly believe you meant no ill will to this group of people but it’s not nice to refer to them in order to insult other individuals.
Spartan said,
December 12, 2007 at 4:24 pm
I have unearthed some neat facts . .
“As of December 2006, the euro surpassed the dollar in the combined value of cash in circulation. The value of euro notes in circulation has risen to more than €610 billion, equivalent to US$800 billion at the exchange rates at the time.[2] Resulting in the euro being the currency with the highest combined value of cash in circulation in the world.” quote taken from Wikipedia the largest online encyclopedia.
Now watch as I perform magic . ..and based on arguments from previous bloggers I am going to assume that some of them believe in Magic. .I shall withhold their names.
If Jamaica was to invest $1 million ( US currency) in Higgins Warner to help Max higgins reach the 1 billion dollar mark. . .in 2 years jamaica would have $6.4 billion . . in four years $51 billion and in 5 years we would have:
$3,276,800,000,000 . . .thats 3.2 trillion dollars. .
My point is, in doing a little analysis on monetary currency circulation. . that is not even possible. . .there is not enough U.S. currency in circulation. however they can always print money for Max Higgins right!
If we were to invest that money in cash plus for five years at their 18% a month model . . .we would have roughly 1trillion dollars. . Richest Country in the world . . .My GOD!!!
Tn said,
December 12, 2007 at 6:36 pm
@sixto22001_JA
It will not cost them anything to transfer money from their BOA account to someone else’s account. …
Rohan_GB said,
December 12, 2007 at 6:38 pm
sixto22001_JA contact me on xtdoug@yahoo.com
Rohan_GB said,
December 12, 2007 at 6:50 pm
Forex trading has been going on a long time and people like those above are up in arms and dissapointed the the normal man in the street knows about it and pool their monies together through an agent to invest.Sometime you win some time you lose.
People above are not happy at all. It must take a Jamaican to behave like that. Sadly the slavery mentality is still there.
By the way isnt the ole time Partnership some sort of ponsi/piramid scheme. I never go back into a partner. The banker take a % out of the money, why? The only bennifit is that you get the lonesump before you save up all that. But after a while partnership get boring.
The One said,
December 12, 2007 at 6:52 pm
I have received my interest from higgins warner, although it was late, had it collected at thier office in montego bay
U.S......... said,
December 12, 2007 at 7:21 pm
I am now convinced that Rohan_GB makes a commission on money he directs to Cash Plus. He keeps recommending it despite the obvious scam. If you want to enter into Forex, then do it, you don’t need Warner Higgins or other such convicted felons. Duh.
re said,
December 12, 2007 at 8:00 pm
THE ONE SAID, did you collect your money at HW today ? I was told that they have stopped paying for now.
The One said,
December 12, 2007 at 8:04 pm
collected it on monday from the agent who set it up for me
U.S..... said,
December 12, 2007 at 10:09 pm
The third richest man in the world’s returns on investments for the last 40+ years.
http://www.berkshirehathaway.com/letters/2006ltr.pdf
Higher risk doesn’t mean higher return. So, just because an investment is high risk doesn’t make it a possible jackpot. For example, if you bought Coca-Cola at a price that is 1000 times over its current stock price, I would say that is very high risk….and that doesn’t mean you’ll get a high reward for taking that risk.
Investments have little risk if you understand what you are investing in. Can you say that about Cash Plus??? Let alone Walt Disney Mundo (sorry, had to throw that in). The only thing that I do understand is that a convicted felon who was convicted on fraud may deserve a second chance ONLY if the investment is 100% transparent and verifiable. I don’t think Cash Plus is that…is it?
Juliet said,
December 13, 2007 at 1:07 pm
Hi Guys,
This is my take on Higgins warner: I have been getting my returns O.K. However I am not please for those who are not getting theirs.
1. The office here in Jamaica is going to cause Higgins warner to loose a number of clients due to their unprofessional behaviour. They are not organised. I understand that they are in back log due to some issue with the banks and the FSC who once froze their account. However if they are in back log. why not call a meeting and let the clients know what is happening. Communication is always the key to any successfull business.
2. The reps at the office are not well trained if they are trained at all. I doubt max higgins is aware of this. I will be passing on all the info to him based on what is going on here.
3. It should not be where a payment is ever missed, expecially for two months. Microsoft excell might not be the most powerfull software, however it carries a number of features. a Month carries a max of 31 days, I cant recall seeing one with 32. Simply, create a file in excell carrying different tabs day 1-30. forget about the month for now. On tab day 1 represents the first day of the month day 2 the second and we could go on to day 31. Now all the clients that started on the first of the month would belong at day 1, those who join the second of the month day 2. You get the drift.
Now on each sheet they can design it to have the different attributes for the client such as name, tel #, address, date started date end etc. referred by.
Thats it!
Now each day , just access the tab, check to ensure that the clients does not reach the maturity date to avoid overpayment. just access the tab for the corresponding day and ensure that all the persons on that tab is paid.
Gosh! I never though it could be that hard. I will be bringing my proposal to their table.
,
3.
Juliet said,
December 13, 2007 at 1:12 pm
I am so fed up with the office here in montego bay that I would not even. recommend anyone to call them for info. My advice to anyone who want to join higgins warner is to go direct through to their admin in argentina. After expressing my disgust for the office here Max told me to deal direct. He will alos need to know that the office here is going to cause his company to loose a number of clients.
Rohan_GB said,
December 13, 2007 at 1:48 pm
No mate, I am not getting anything from a soul. Do you see the living conditions that the poor people are living in Jamaica? People are just trying to make ends meet. I know people who work hard yet cant meet the basic standard of living. If people can see their way out by investing why not.
The man lost his job, but now he is able to pay his mortgage on his house and car + keeping his doughter in university no how about that. All you talk about that people is greedy. Is that greed? In the nineties when a man get lay off he used his redundant money to buy used car to opperate taxi. And we end up with an influx of illegal unregistered taxis on the streets. And the gov refuse to issue licences, saying there is too much cabs already.
Did you know that the $1 buses in NYC via Flat Bush were illegal and now they are regulated and have licence to opperate their route. What I want to see is a better quality life for my fellow Jamaicans.
Rohan_GB said,
December 13, 2007 at 1:48 pm
Juliet- that how Jamaica run.If you have the Jamaican staff running your business(at least some) you will be losing. They have nothing name customer service, they behave as if they are doing you a favour. And is you who are bringing in sales for the business. The only place you can possible get customer satisfoctory in in the hotel industry.
Tn said,
December 13, 2007 at 2:03 pm
Juleith,
How do you get intouch with the admin in argentina?
ensley said,
December 13, 2007 at 4:28 pm
juliet give us the detail as as to how to contact
admin in argentina
no email please a number preferably
thanks
REFF said,
December 13, 2007 at 6:05 pm
011 54 11 5278 6350…..HW Argentina
Jcan said,
December 13, 2007 at 6:06 pm
Is Juliet for real or is “Julet” HW in disguise? In this chaotic times with HW not paying how on earth can you be still trying to enlist people…. for them to loose their money! …Please, do your research people!
Juliet said,
December 14, 2007 at 1:51 pm
# 296 Jcan:
The answer is Yes: ” I am for Real” . I am not HW in disguise and I am not trying to enlist anyone for Higgins Warner. I am just an investor with then since June of this year. All I am saying is that the office in Argentina seems to be better organised in getting people their returns and getting them their contract ontime. This is based on another investors experience. I always encourage persons to do their own research prior to joining.
Even the agent that I spoke to in the US recently saw how disorganise they are in Mobay. He says he was astonished when he came here , he himself was wondering what they are doing. If you visit the office here, you will see for yourself. I just cannot believe you would think that I am trying to enlist anyone. Each person has a responsibility to do checks for themselves. Prior to going onboard though I was referred by someone I know, i went ahead and did my checks. There are no babies here Jcan.
I am not an agent, neither am I related to Max Higgins or have any affiliation with his company. I am just an Investor. So please stop making assumptions.
Peace Out
re said,
December 14, 2007 at 2:45 pm
how can it be said that the office in Argentina seem to be better organised in getting people their money?
Juliet– I am not saying you are an agent nor did I get the impression that you were refering people to this company, but I get a diferent take on the whole HW company. First of all Argentina does not have your records , every account for Jamaicans and Floridians are in Mo-Bay, Jamaica. I asked Max last month to send me my interest and his first response was that I send him my bank information and address ,as he does not have it. Of course when he realized the amt. he owed me he did not get back to me, no matter the amt. of emails I sent him after.
Today I sent him an email asking which information is correct,as I was told that he is in Dubai looking about accounts and that will be the only acc. used and mr. Gilpin said he is elsewhere looking about accounts .Both men are giving clients a diferent time for payment and I needed to get the correct answer. Max’s reply was; ‘ IF YOU GO TO A ROLLS ROYCE DEALER AND HE TELLS YOU SOMETHING , THEN YOU GO TO THE MANUFACTURER AND HE SAYS SOMETHING DIFERENT,WHO WOULD YOU BELIEVE ?IF I HAVE TO TELL YOU, THEN I AM SORRY FOR YOU!!! WHAT IS THE NAME OF THE COMPANY? HIGGINS WARNER !!! WHAT IS MY NAME? HIGGINS !!! I SIGNED THE CONTRACT,I CREATED THIS COMPANY !!!
the man has a nerve !!! he has a representative and seem to be saying that we should not listen to the representative,only to him.The whole HW is in a mad state. If I have a company then I would have to set the rules at the branches. How can he just leave them on their own ? Max seem only to care about collecting the money and not the heck about the paying out part.Someone said before that this man is a looney,and now I am seeing for myself. HE WILL BE SORRY FOR HIMSELF WHEN THEM PLACE HIM BEHIND BARS !!!
U.S... said,
December 14, 2007 at 4:29 pm
If they are this unorganized with keeping track of something simple like your accounts (that are a ton of very simple computer programs and spreadsheet programs that will do this), then how the heck can they run a business???
Juliet said,
December 14, 2007 at 4:45 pm
I am saying that they are better organised based on the quick response they gave an investor interms of his contract and payment. He informed me of this. He went straigh through Argentina initially and initially and he had received everythinh on time. I am not the one that went through Argentina. I am gievn the impression that they are much faster compare to a few experiences I have here with regards to contract.
I also know what it must be like to be hearing two stories. I would be concern myself. They all just need to get their facts. I dont believe they were expecting to get such great response. I guess its fright “L.O.L”.
I have a strong feeling that you will get your money though.
All the best.
Actually US, you are correct on that.
Jcan said,
December 14, 2007 at 8:25 pm
#290….I was baffled with the quote below taken from your blogg in #290
Juliet states “My advice to anyone who want to join higgins warner is to go direct through to their admin in argentina”……………..!!!!!!!!!!!!!!!!!!!!!!Why would anyone want to join HW’s sinking ship??????????????????????
So, if I misinterpret the above statement my apology……As a fx investor on this blogg I would not wish or want anyone to be deprived of their investment whether the old investors or the baby investors….whether you have invested what you can afford to loose or not…
Wishing you and all the other bloggers peace on earth and financial prosperity.
re said,
December 14, 2007 at 8:58 pm
I heard there is. someone in Florida who gives classes on FX trading. Can someone give me info on this?
Jean do you do fx on your own or do you use a company to trade for you ?
As of next year I will definitely be investing on my own.
Rohan_GB said,
December 15, 2007 at 6:31 am
Ask U.S. I bet he wont tell you because he and his cronies wants to keep you out of the busisness.
re said,
December 15, 2007 at 9:01 am
Gome on U.S. shed some light, anything in the Florida area? prefer not to learn online if I dont have to.
mungji said,
December 15, 2007 at 10:01 pm
Something Max said in a mail to me…
This is Max Higgins
This is the only plan right now and I have to stick to it. All monies will be sent and recieve from Dubai starting next Thrusday, December 20, 2007 all payments will be made from Dubai via wire and all payments must be sent to Dubai.
mungji said,
December 15, 2007 at 10:02 pm
In another mail he wrote the following….
This is Max Higgins,
Attention to all client in every country. Under no circumstance will Higgins Warner Group do any business with the following banks in Jamaica.
Natioonal Commercial Bank AKA NCB
Bank of Novia Scotia AKA Scotia Bank
Royal Bank of Trinidad and Tobago AKA RBTT Bank
Higgins Warner will not send bank wires from Dubai to any client that use any of these banks.
Clients will need to open bank accounts with other banks in Jamaica when sending or recieving money in Jamaica.
Sign, Emile Maxim St. Patrick Higgins, AKA Sir Max Higgins
Founder, President, CEO, Chairman
General Counsel
Ijay said,
December 15, 2007 at 11:53 pm
I have gone through 75% of all these comments in regards to these investment clubs and have found most of them very interesting. However, at present, I am not in a postion to say much, except that all investments include a great deal of risk. Therefore, I think we should not be quick to judge until we get all our facts together. Better yet, let time takes care of everything. Whether these Clubs are good/bad will reveal in time. Peace!!
PJ said,
December 17, 2007 at 2:20 am
Well hello to everyone i am a young lady originally fr. JA but live in the cayman islands and i am very intrested in an investment plan anyone with advice for me? someone with experience in this pls
ensley said,
December 17, 2007 at 8:00 am
PJ if you want sound advice here it is:
keep yu money unda yu mattrass!!!!!!
Regards!
Tn said,
December 17, 2007 at 10:08 am
I agree with you ensley, if you don’t want to have to chase anything leave you money where it is. Risk is acceptable, but we don’t know what our monies are doing. We don’t know if its being used to invest in forex or whatever else there is. So what kind of risk are we talking and is it acceptable? We don’t know. We are just entrusting our monies in the hands of individual who just promises to give us 20% each month. So far, they have not kept their end of the bargin. What a promise????
A brochure I recieved from Higgins Warner indicated that “We are not an investment company, however we do borrow your money and offer you a repayment of 20%”. Make of this whatever you may.
Raja said,
December 17, 2007 at 12:10 pm
I have several family members and some friends who are invested with Higgins and they get paid regularly. My mother, 2 brothers, and a sister are invested in my immediate family. I recently learned about it from them and will be investing shortly. Just have to set up my account.
Raja said,
December 17, 2007 at 12:10 pm
Oh, they are in Florida by the way. I am near Washington, DC.
Tn said,
December 17, 2007 at 1:12 pm
Nice to know Raja
Analyzer said,
December 17, 2007 at 1:25 pm
I have made one post on this board to date and have kept it very civil. But hearing some of the comments on this site makes me just cringe at how ignorant some people can be. Yes, I realize that some people might not have the formal education to understand certain areas of the financial world well, but you have many educated people (that have no vested interest one way or another) advising you to stay away from these schemes. For the people that realize these schemes are a complete gamble and are basically looking to either double/triple their money or get nothing once the scam folds, then that is fine. But there are many people who believe these are real investments and putting in much more than they can afford to lose.
And please don’t give that crap about the “big man” wanting to keep the “poor man” down. Absolute nonsense. Do you really think anyone actually believes that.
It has been said many times, but is worth repeating. Earning the kinds of returns these schemes are promising is simply not possible. They are not willing to give any financial statements that would validate these claims and the only reason for that is that they must be hiding something. Otherwise, why would they refuse?
These schemes depend on “cheerleaders” to keep the money flowing in so obviously you will keep hearing many good things. ROHAN on this board is a perfect example…he clearly has some vested interest in Cash Plus (or is simply an idiot that cannot understand simple logic). And just to preempt your response ROHAN…if you are so sure that these are legitimate schemes…please explain with detail how they could possibly make so much money in such a consistent fashion…and why they refuse to show audited financials? Just curious to hear what you have to say other than attacking anyone who speaks negatively about these schemes on this board. It’s about time you posted something of value and use to everyone hear.
sixto22001_JA said,
December 17, 2007 at 1:52 pm
Nuff respect everyone, i’m back
Reff, thatnks for cautioning me, you have valid points and i may have used the wrong set of words to discrible the circumstance so i’ll admit you have a point.
Spartan, i never thought you have it to make that kind of responce to my challenge and i have to agree, people will not always see eye to eye on everything but that don’t mean they don’t have a right to voice their opinion, i also understand your concerns.
I cant say the say of our other friend as he is yet to provide anything constructive and balance to help any one here (U.S.)
Tn and ensley i think your advice to PJ could have been different. This investment thing can bring different result depending on the company that you invest with.
N.C.B placed on ad in the sunday gleaner dated December 16,2006 saying they have no account for Higgins Warner or World Wise. A few weeks ago Scotia Bank put out a simular ad saying they have been in business for 118 years and their integrity need not be question, also that they have no account for Higgins Warner but nothing was said about World Wise.
I have some money that i wanted to put in World wise since November but have not done so base on what was going on locally. The fact of the matter however is this. Scotia Bank has account for World wise but they have not made this public notice and no one is pressuring world wise either. It’s public belief that one of Ja most successful banker is backing world wise and hence the reason why you have not hear anything about them. By the way i know Scotia have account for them because one of my very close friend invest in World wise have has get his money every month, problem free.
The FSC published and ad listing the set of companies that were register but not regulated and world wise was one of them. Cash +, OLint, Higgins Warner and a few most of the investment clubs are being pressured by the FSC but no one has touch world wise. Would you say that look very odd?
PJ, Investing in HYS has always and will always be a risk. The higher the risk the higher the gain or loss. My advice to you is locate a pool of clubs and do some research on them and base the information you gain then you decide weither or not to invest.
If you have your one life savings dont take it and put in any of these clubs, sure take a small part and use it but dont use more than you can afford to lose should something go wrong.
You have to be balance about this and if you are not careful you can get false information with would lead you to making bad investments.
The case between cash plus and N.C.B is set to start today and the other case between cash plus and FSC is set for January 23, 2008. The Jamaican Government is waiting on the out come of the last case to help determine their approach towards HYS. I encourage any one one who can to follow these cases closely.
Is there any one here who have been with Minvesnt.com for a long time? they seems like a good investment right now. Can any one give their opinion?
Much said.
Rohan_GB said,
December 17, 2007 at 6:08 pm
Why would any one pick me out as cheerleader. I just make my point and personal opinion and thats it. You are just speculating and have no hadr evidence. If you have it cut it and paste it here.
314 @ Analyser
How can I lose all my money and I have recieve my principal back already? How many people did a run on Nothern Rock in the UK couple of months ago? That institution was an investment Co. too. How many lost on race horse betting, gambling at Vagas isnt high risk?
I know why ‘Regulate’, there are so many reason including to protect the public interest or to control the market anong others. By the way not every body studied banking and finance, there are other profession so you cant say people are illiterate. Only you alone bright with 3 degrees…………
black said,
December 17, 2007 at 7:19 pm
i hear about the minvestment along with higgins plan i live in the cayman island can any one tell me what they think about anyone of these investment plan is they real as they post on the website
mb said,
December 17, 2007 at 7:27 pm
hi i am presently living in the cayman island n i want to invest. can someone who know about the m investment n higgins inform me about it pls?
mb said,
December 17, 2007 at 8:38 pm
i was reading about world wise investment can someone give me a email address or where it is located in jamaica i live in the cayman island
sixto22001_Ja said,
December 17, 2007 at 9:58 pm
MB the address is http://www.worldwisepartner.com and you can email them at admin@worldwisepartner.com
They are locate at 21/4 Ruthven Road ,
Telephone 1-876-754-9473
They are very professional and you hardly hear much anout them in the news.The Fsc have them has not regulated but for some reason they have not touch them yet
kf0724 said,
December 18, 2007 at 1:33 am
O.k. it’s the first i’m hearing about this worldwise. How much does it payout and how long has it been around. My friend is in HW and is yet to get her December payout. I was very much interested but after reading the comments i think i’ll pass. But really U.S., some ideas on making clean money would be appreciated.
I know it’s gonna crash, come on it’s impossible to payout that sum of money on a monthly basis to so many ppl. My problem is, why the hell did it choose to crash before i got a chance to taste a piece of the pie? Why do i always hear about things just before they go down. Partner plan now this.
Analyzer said,
December 18, 2007 at 4:51 am
ROHAN…sorry for singling you out, but just trying to get my point across. If you have gotten all your principal back, then I am very happy for you (honestly), but there are many more people investing for the first time right now who believe that this is not a gamble and they are “real” investments. That is how ponzi schemes work…the early investors make, but there is far more money coming in towards the end that will not have a chance to sit there long enough to earn back the principal and it is these people that will really get burned. If everyone investing realized that this was just like gambling (or going to Vegas as you put it), then that would be fine and I would have nothing else to say…but that is not the case…people are investing their life savings thinking they can retire off of these schemes.
And you are right, I have no hard evidence of anything. But that is exactly my point…we have no hard evidence to what any of these schemes are actually doing. You are putting your money in “blind” and just hoping for the best. The one fact I do know is that no legitimate investment plan in the history of financial markets has given these types of returns in such a consistent fashion and I find it hard to believe that all of sudden, there are numerous “investment geniuses” popping up in Jamaica all at the same time offering the best returns in the world. Just doesn’t make sense and in my opinion, is clearly ridden with fraud.
Either way, it looks like we will get some answers either way on Dec 20th (see link below).
http://www.jamaica-gleaner.com/gleaner/20071216/business/business1.html
Chick a Dee said,
December 18, 2007 at 6:58 am
Has anyone gotten debit cards from Cash Plus yet. ? Are people getting their interest still?
sixto22001_JA said,
December 18, 2007 at 10:48 am
It’s really remarkable how some people can sit on a wall and tell you everything that is happening inside your house, how do they do it? Maybe it’s magic. I can not talk for all investment clubs but those that i’m with have clearly outline the risk involve to me. As i understand it this is standard operational procedure.
Analeyzer, have you ever been in one of these clubs, do you have person experiece with the running of any of these clubs? which one if any?
My point to you is simple.It this world there are many things that done and the holy and small people defenders sit around and allow it and when other simular things are dont differently it suddenly become a problem to them.
If any one want to sell their house and take the money to Saudi Arabia once a year to place in the richest horse race in the world, the dubai classic i think it’s call what would you call that. My find, taking risk is just a part of life, sometime you get burn some times you get glory. Everything in life is about risk. You can live your life in a shell and let life throw you to the cerve or you can try and step out and do what you can to not get burn, either way the choice is yours.
I’m really pratical about life. Any one who know about forex can tell you that most of these clubs are invlove in trading. Why is it ok for centrial banks and large international companys to make money off trading with out facing the problems face by these clubs?
The reason is simple, one country will invade another because they have oil but will pretend not to see another who is not treating it’s people good simple because there is no wealth there. Is that right? no, but other sit and allow it. I’m not saying that fruad is not involve in some of these clubs but not all. I’m therefore imploring you to take a more balance look at things before we cast judgement or condemn something to failure.
Much said
Gemini said,
December 18, 2007 at 2:08 pm
@Kfo724…..The reason why HW investors with Dec due dates have not seen anything in their A/C as yet is simple…They advised that Dec payments have not been posted as yet. Payments up to Nov 19th have been posted. They have a backlog of appx 2 to 3 weeks. The reason why they are not allowing individuals to collect cheques in officepresently is because they are exp difficulty in obtaining cheque books from local banks. As I already said I ( and several investors that I know have been getting monthly payments but they are late. Despite the inconvenience I have no regrets joining them as they have been paying ontime for quite some time until recent months due to local bank issues.
Rohan_GB said,
December 18, 2007 at 4:08 pm
People have been advised not to put their life saving in HYIs.
#By the way payments can be made through paypal be you cannot withdraw money in Jamaica. I dont know why. My customers email me money through paypal from Jamaica though. But it cant work the other way around. I bet its the banks and fsc to blaim.
sixto22001_JA said,
December 18, 2007 at 4:50 pm
Correction, Dubia is in U.A.E. and not Saudi Arabia.
sixto22001_JA said,
December 18, 2007 at 4:50 pm
Correction, Dubia is in U.A.E. and not Saudi Arabia.
U.S... said,
December 19, 2007 at 1:22 am
First, PayPal (U.S. Bank) is smart and they know where the scams are….Jamaica (among other countries). So listen up, Cash Plus is a scam. It is NOT Jamaican banks that block withdrawals in Jamaica, it is the U.S. banks. I wish Rohan_G would lose any gain since that money will undoubtedly come from other innocent people who are ripped off.
Second, as far as advice goes, buy the symbol VTI. It is the Vanguard Total Stock Market (U.S.) Index fund. It isn’t fancy, but it is cheap and in the long run is a great investment and very very very low cost. If you want a short term trade you’re on your own. Stocks may get priced funny in the short run (which is like gambling and is how traders make money, or lose money as the case may be) but in the long run stocks are more fairly priced to company values. When you buy stocks, you are investing in a company and should look at value since in the long run that is your best path for maximizing your returns.
Third, most investment clubs really are part of the multilevel marketing scheme. Beware. I’ve seen this type of thing many times….they are almost like a religion or cult (need cheerleaders) to get you to make an emotional decision instead of a well thought out logical one.
Fourth, I am amazed at how people jump on a scam with no regard to those who will be left holding the empty bag. Shame.
U.S... said,
December 19, 2007 at 1:30 am
Another comment…
Suddenly, out of nowhere, the greatest financial geniuses in the history of man have sprung up in Jamaica…and they keep multiplying like their promised investment returns….er I mean borrowed money returns since these aren’t investments. Jamaica is now the financial capital of the world able to multiply fishes and loaves. It is a miracle!!!! Oh please. While I must state that Jamaica is blessed with many good things and people, I’m not about to proclaim history’s top financial geniuses suddnely appeared on the scene and want your money (if they are so darn smart why do they need your money?)….especiially when one of them is all ready a convicted scam artist (what….did he find Jesus in jail … and did Jesus teach him how to multiply money?). Wake up, stop the scame NOW!!! Or at least on 12/20!
REFF said,
December 19, 2007 at 6:47 am
US…. I have to agree that in the end these companies with fold as a result of the pressure from the banks etc. It is a high risk investment and like any other risk in life there is the chance that you will lose. I personally don’t think that there is anything genius about 10, 12 % returns. It simply isn’t the norm. However, when you consider the very large salaries paid to the CEO and other managers in these financial institutions, other overhead, donations, sponsor, etc, and yet they still manage to make billions in profits. When you look at what returns the investors are getting from the banks, it is clear that bankers in Jamaica and elsewhere have been making these types of returns for years. I am sure that the persons running these investment schemes expect to make a profit for themselves. Therefore it is safe to assume that the banks can do much better with regards to interest. The banks are even charging to keep your funds. There was a time you could put $100 in the bank and in a few years, have a $100+. Today the banks start nibbling at that from the time it is deposited. Then after a few months they say the account is not active due to lack of any activity and charge a monthly fee for that. The real greed lies with the banks. People have lost their deposits in legitimate banks in Jamaica and elsewhere in the world.
I have to agree with you that this is a period in with investors should tread very careful with regards to one or two investments. Investors should read, listen, ask and analyze. There is nothing remotely genius about larger interest rates. If the banks decide to pay half of what C+ is offering it would not hurt their bottom line.
re said,
December 19, 2007 at 8:42 am
Welcome back U.S. BUT DID YOU IGNORE MY QUESTION ON fx ? or do you mean that you only do stocks. I asked ,who is best to learn FX from at the best price.
Hey guys HW made a payment to the people in Florida this week!!! seem christmas wont be as dark for some as predicted by the grinches.
ensley said,
December 19, 2007 at 11:39 am
re 332
so wat ?
yard people no want have a white christmas too??
re said,
December 19, 2007 at 11:58 am
Sorry, Ensley,guess I got a little over joyed!!!Heard the manager will be back in Jamaica on Wednesday to hopefully make your Christmas a snowy one.
U.S.... said,
December 19, 2007 at 12:18 pm
Hey REFF – Haven’t you heard, Cash Plus isn’t an “investment” according to the Cash Plus bosses…..I personally call it a scam. What other company is “making” 10%-15%-20% PER MONTH??? Cash Plus is NOT an investment, repeat, Cash Plus is NOT an investment so please stop characterizing it as “take on more risk, get more reward” type of thing. It ain’t and will never be. This will end very badly. People in jail, violence, etc. It is a shame and totally avoidable. Cash Plus makes “payments” (hopes you reinvest) to get more money to come in, that’s all….in the end itis a Ponzi Scheme. How can anyone invest in something they have no idea what they do without any regulation or transparency whatsoever.
Charlibabe said,
December 19, 2007 at 2:04 pm
Cash plus pays 20%?? Thought there rates were in between 10-18%!! They have really kept the so called “Ponzi Scheme” running rather long.. 5 years is it???
sixto22001_JA said,
December 19, 2007 at 2:18 pm
Bwoy U.S… you better than T.D. Drakes, you can preach, you should rename yourself again. Any way tell us more negatives, maybe sometime next year someone will listen to you. Lets see how much more we can learn from the MASTER CHEERLEADER (U.S…)
Gemini said,
December 19, 2007 at 5:25 pm
I laugh to myself when I read some of the comments US make. Though I do agree with alot of his statements regarding making logical informed decisions etc he seem to forget that many of these so called scams as he puts it arent even based in Jamaica. If Paypal see Jamaica as scam city what about the plethora of online investment sites that are based soley in the USA, many of which vanish into cyberspace after a while ? What about the many Work At Home sites that are US based that requires an initial deposit prior to being employed ? After which little or no money is earned…eg TheHomeWorker.org…And they think Jamaica is scam country ? Thats a big joke. USA is one of the largest scam reserves in the world esp regarding online promises. If Olint/WWise can successfully offer me 10 to 12% monthly on my USD investment via FX trading why shouldnt I take advantage of it ? Many individuals are doing the said FX trading from the comfort of their homes.
U.S..... said,
December 19, 2007 at 7:12 pm
I just watched more Carlos Hill on YouTube.com. Sooo funny. He is like a preacher. He tries to falsely associate himself with legit business names…so sad. Then claims this and that is paid for but never shows the records. What a scammer. My personal opinion is that he is mentally ill, without a conscience, and delusional which is really scary that he believes that he can make you believe anything he wants you to believe. Now he claims that he is being attacked … and hence YOU as the investor is being attacked too so instead of directing your anger at him, direct it at the banks and the press.. He had limos, houses in France, jets, etc. …. yeah right….I think he was in a federal jail instead. He is very scary in that he can so calmly lie. It is a mental illness. He is not a savior, but a demon in white. Pure evil to steal from the poor, to deceive like that for his own glory, evil, evil, evil…..
POSITIVE said,
December 19, 2007 at 10:53 pm
U.S. you are certainly getting all the attention you seem to so desperately seek!!!!You are so filled with hatred,it is pathetic.If lots of people were complaining to you ,then I could understand,but even though people are saying how these companies are seeing them through college and helping families,you still are not happy at all !!!. It seem as if you are angry at people making money!!!Come on man, stop the crab in a barrel style and be happy for people. If you have another way for people to make money ,lets hear it . After all that is what this forum is here for, to share with each other, but all you are doing is complaining.Come on give hope !!! this is Christmas.Some of us already know we made mistakes and some made wise investments let us get what we deserve in peace!!!!
US. said,
December 20, 2007 at 1:22 am
Hey POSITIVE — I just gave some advice. Put your money in VTI, the Vanguard Total Market Index for the long term. It may not be flashy, nor does it come with a bunch of marketing BS. If you need money for college, get a job and put the earnings in a high yielding FDIC account earning 4.7%-5.5% APY and if you want to put $1 in lottery ticket for fantasy’s sake then do it, but only ONE dollar a week. I have no hate, and do want everyone to do well, never have been the jealous type and have helped many people.
sixto22001_Ja said,
December 20, 2007 at 8:02 am
U.S…, i have to say that you are truely a master at what you do. Your self proclaim good will though appreciated really has no effect now. For weeks you have been asked to put something positve on the table and you have done nothing but seek to bash people here using colourfully words. My opinion is that your mind set is total screwed up. After saying that people who invest in HYS are gaining at other persons lose you are going to mention buying a latto or lottery ticket? Isn;t that gambling? Isn’t that someone gaining from someone else loss?
I personally knows nothing about your FDIC account but the concept sounds ok. Dont you think persons here like me have such types of accounts?
You my friends seems to think you are the only one with brains, having degrees does always make you smart or give the natural ability to make good descisions.
I personally have a canadian growth fund that has average over 42% growth in the last 12 months and i’m sure many other bloggers here have other lower risk investments too. We appreciate your input however like the good old saying goes, the buck stop here.
If you want to warn us about the ill’s of getting into HYS then no problem but when you dwell on it each day, trying to beat it into others head then you have become an extremis and extremis in any form is bad.
What i did was i invested in cash plus first and then drag a part of the interest to my mutual fund. Here is the funny thing. The FSC does not cover mutual funds which therefore means that if the company go down i will get screwed. At the same time, mutual funds are classified as safe investments.
The key to investment to to have propers control. Keep some money into low interest accounts that are stable and where you can pump some into HYS. Take the risk you can afford to live with.
Much said
POSITIVE said,
December 20, 2007 at 8:17 am
U.S. if we take those advise of long term stock market investments ,4-5 % APY and lottery tickets, we would all be broke. Yes I agree that we have to make careful decisions and invest in low risk investments,however we also realize that if you want to achieve greatness you have to take some risk. You claim that you are very rich, good for you, but it is one out of two things,either you are a liar or you do not want any regular Jamaican to have what you have.
U.S... said,
December 20, 2007 at 12:59 pm
Oh my gosh….you caught me! I secretly don’t want anyone else to have any money, esp. Jamaicans! Obviously I am being sarcastic.
The lottery ticket of $1/week was to satiate the you’re missing out of the lottery mentality that is fueling Cash Plus. I have seen the average “investors” in Cash Plus and for most this is their only savings/investment. Obviously, these people are not the most financially sophisticated and will be the ones that get burned. Good for you who are so smart to participate in scam and not get hurt….but what you do causes others to get hurt in the end. Shame.
My advice is good, get a job, work hard, start your own business, put your cash in a low cost long-term stock market index and the cash for your short-term needs into a higher interest insured savings. Start with that and once you are more experienced then you can do more. Cash Plus is a false hope…and is evil. But go ahead and keep telling less financially sophisticated people to give you their hard earned money to a convicted con man….THAT’S REALLY GOOD ADVICE ON YOUR PART. I’d take my advice over your advice of handing over your money to a thief. Uhhhh, duh!
Rohan_GB said,
December 20, 2007 at 1:04 pm
329 @ US Are you gussing or what? Paypal pays out checks to Jamaica though. Get your facts right. Perhaps Olint and C+ mash up ur Business and or you fell out with them. Why would you want me to lose my gains? I have used it to my business and pay my £10,000 a year uni fees already. I cant lose that education ….. now who is the loser.You stand a much better chance of losing than me. And who will go crazy….U.S.
Rohan_GB said,
December 20, 2007 at 1:07 pm
A dat you want people to take advice from you, hell not me. I will for ever investing HYI and LYI and there is nothing you can do about it.
U.S... said,
December 20, 2007 at 5:03 pm
Good article:
http://www.marketwatch.com/news/story/four-ways-protect-yourself-retirement/story.aspx?guid=%7B046E33E8%2D02C2%2D4C7B%2DBC99%2D3CE9E9FFC4C0%7D
MARSHALL LOEB’S DAILY MONEY TIP
Retirement scams to watch out for
By Marshall Loeb, MarketWatch
Last update: 10:05 p.m. EST Dec. 19, 2007
Print E-mail RSS Disable Live Quotes
NEW YORK (MarketWatch) — Despite denials by the venerable economist Milton Friedman, there is such a thing as a free lunch. Only now it’s more likely to be a free dinner, served as a come-on by brokers attempting to recruit new investors, notably seniors in or nearing retirement.
But be cautious before calling the phone number on the brochure that asks, “Are you worried about outliving your savings?”
“The free lunch seminar is definitely an issue,” says Kimberly Lankford, author of a Kiplinger article about retirement schemes in the January 2008 issue of the magazine. “It prompts people to say, ‘Oh my gosh, that’s exactly what I need.’ It preys on their wishful thinking.” Lankford found that in a check of free-lunch sessions, the Securities and Exchange Commission discovered unethical business practices in almost half of them.
Here are four strategies from Kiplinger to help you protect your assets from retirement rip-offs.
Be wary of promises of unrealistic returns. “Anything that talks about average returns higher than 11% should be treated with suspicion,” says Lankford. “If the broker goes from saying ‘averages’ to ‘guarantees,’ be ready to walk away.” Because retirees typically prize having the option of immediate access to their money, high, short-term returns seem particularly appealing.
Check a broker’s professional background. Using Financial Industry Regulatory Authority’s Broker Check at http://www.finra.org, you can find information on approximately 660,000 currently registered brokers and 5,100 securities firms. If the adviser is a financial planner, check credentials with the CFP Board of Standards (www.cfp.net). Also refer to the Senior Investor Resource Center and the SEC’s senior investor page. Verifying something as simple as whether an agent is licensed can keep you out of serious trouble.
Keep records of meetings. Take notes when speaking with a broker about your investment goals, or ask for a summation of your discussion in writing. Requesting paperwork can discourage an agent in search of an easy mark.
Set up an account. When paying for investments, never write checks directly to individuals. Open an account with an independent financial institution. That way you’ll also have leverage if your investment starts to lose value, or if you discover your broker has rated the risk it carries below its real potential.
Marshall Loeb, former editor of Fortune, Money, and the Columbia Journalism Review, writes for MarketWatch.
U.S... said,
December 20, 2007 at 5:05 pm
Rohan_G: Your business ethics will catch up to you eventually…. there is no free lunch.
Winston said,
December 20, 2007 at 9:08 pm
The Financial Sector Collapse in 90’s
Folks,
Let get it clear and not say what Bruce did say.
The PM made it very clear that the matter is before the courts and will therefore await the court ruling before deciding what the government course of actions is likely to be.
We cannot therefore say, that the so called “big-man” dem have lost and Bruce is for the alternative investment schemes.
We must all seek to inform those of us who comes to this site looking for information and while the heading of this sections says rumours, there is some good information that is made available here.
We must not be blinded by the fact that being part of the alternative schemes, that anyone who speaks against them in “bad”, but see this as the view from being on the other side.
Lets create less hype and speak about the facts, or if its an opinion, lets be very clear that this view is my opinion only and not based on any facts.
When people start attacking the managers of banks in Jamaica,(and others of course) it cannot be good PR for CashPlus or any other alternative scheme. Folks let us be civil and do not incite others to create problems.
On the issue of “The trials of Carlos Hill”, I think he needs to come forth and say something and don’t be like Portia on Trafigura.
Mr. Hill when he has completed should ask publicly the following questions.
1. What caused the financial meltdown in the 1990’s?
2. Were all the financial institutions regulated, and by whom.
3. Did they present annual audited financial statements by reputable auditing firms?
4. Did Jamaica have financial analyst back then?
5. Did any of our current analyst or those back then ,foresee the impending demise of the sector having been “carefully” studying their audited financial statement and business models.
6. Was the Jamaican public, which was using these banks, warned of the impending disaster, which was lurking in the shadows?
7. How many Jamaicans would have been affected by the banking sector collapse Vs how many Jamaicans who now have money in those HYIP.
8. Why none of who now cares so much for Jamaicans, did not care back then.
9. If these analysts who were pouring over these audited statements did not foresee a problem which was so disastrous for the entire country, why should we now believe them. Are they now trustworthy, or it that they were dishonest back then?
10. Were any of the financial institutions “cooking” the books, could their asset base match their liabilities. We now know that that was not the case. So how none that are now so wise not see this.
11. Did these institutions manipulate their financials to make sure that on paper things look better than what was actually the case?
12. If eleven is true, isn’t this one of the things for which Mr. Hill was charged and went to “prison”.
13. So how many high profile managers of these financial institutions were ever arrested and charged for fraud.
14. How many served time.
15. Where are they now?
16. If the Jamaican laws back then were the same as the US Laws under which Carlos Hill was charged, how many of our top flight banks managers would be in prison today.
I say Mr Hill ask the question ” For all those who are squeaking clean, please stand up and represent”.
Problem is most will not as they cannot profess innocence.
U.S. said,
December 20, 2007 at 11:21 pm
Winston – With all due respect, if the bankers were criminals then they should have gone to jail. But, Mr. Hill’s criminal activities are in a class by themselves. There is no comparison. Banks loam money to business that at least have a plan to “put X dollars in, create value, and get Y dollars out with Z profit”. Mr. Hill’s “business” ventures have no such ability to make a profit other than the “front” companies he “buys” to appear legit. The bottom line is NO LEGIT BUSINESS — ABSOLUTELY NONE — IN THIS WORLD WILL PROMIST 10-20% PER MONTH RETURN….NONE!!! It is so obviously a scam that I won’t waste my time trying to lead the the stubborn blind from going off the cliff. It appears the Mr. Hill is trying to position himself as a “messiah” and will blame the banks and govt. when things collapse (and they will collapse). So, Mr. Hill will be able to say if only the banks had not done such and such, if only the govt hadn’t interferred, etc. you wouldn’t have lost your money. This is a typical confidence scam and I very truly feel bad that Jamaicans have lined up to hand over their money to this felon. Greed is blinding I suppose…same thing in the U.S. when I see people buy $20-$200 of lottery tickets. Very sad. They waste all of their money on lottery tickets and then we have to support them on welfare…not good for any of them or us.
Analyzer said,
December 21, 2007 at 5:49 am
Really…are you all complete morons? A previously convicted thief (Carlos Hill) is offering you the best investment returns in the world and now is refusing to pay you what he promised. On top of that, the man refuses to give any valid proof that any thing he says is true. How much clearer could it be. Read the latest for yourselves and please tell me this isn’t an obvious scam (as they do not have enough money to pay out so need to wait longer and hope more people invest in the next month or two):
http://www.jamaicaobserver.com/news/html/20071220T200000-0500_130600_OBS_PAYMENT_DELAY_ANGERS_SOME_CASH_PLUS_INVESTORS_.asp
Be warned, this is not a good. Delayed payments are usually the first sign that the ponzi scheme is unravelling. Don’t be fooled by their weak excuses. GET OUT NOW.
Gold Mind said,
December 21, 2007 at 10:34 am
I really cannot understand why these people who have no money in these schemes are so concerned. What do you all have to lose? Is it that you care so much about us who you claim will lose our money? I think you should all join another site and let those of us in these schemes. Losing our money would just be like purchasing a brand new car, unable to pay all the insurance or may be none at all, someone steals the car and then you still have to pay for it anyway or even so buying a house you’ve invested in all your life, unable to insure and then it is engulfed by fire, so isn’t it just another of life’s big gambles. All of us in these investment schemes must stick together, pray and fast together and then take to the streets so that the strength of our voices can be forcefully heard.
Roli said,
December 21, 2007 at 11:03 am
Well i guess people to just hate to see others beeing ripped off. I for one dont like it. Especially when the peson who is doing it is an ex-con. But what can i say. You say fast and pray. Well I believe god has shown you the signs already but you still hoping he changes his mind. You pray for asign and just because it is a sign you dont like you want to pray some more. Well keep praying and fasting and ignoring the signs. As i said before. Some have gotten back their principal but many many many have not. No one can tell you who to give your hard earn money to, even if it is an ex-con. But I hope you are not convincing others to do the same (put money into C+) because that would make you in the same pit as Carlos Hill and just as liable to be prosecuted when it all falls apart.
Roli said,
December 21, 2007 at 11:05 am
Well i guess people to just hate to see others beeing ripped off. I for one dont like it. Especially when the peson who is doing it is an ex-con. But what can i say. You say fast and pray. Well I believe god has shown you the signs already but you still hoping he changes his mind. You pray for asign and just because it is a sign you dont like you want to pray some more. Well keep praying and fasting and ignoring the signs. As i said before. Some have gotten back their principal but many many many have not. No one can tell you who to give your hard earn money to, even if it is an ex-con. But I hope you are not convincing others to do the same (put money into C+) because that would make you in the same pit as Carlos Hill and just as liable to be prosecuted when it all falls apart.
Rohan_GB said,
December 21, 2007 at 2:24 pm
Investment schemes are cramping their business thats why they are so concerned. They are all key players in the financial sectors. Just like the new car sale company and the used car company. If I am not in the business of car sale I could not complain about the used car sale company importing too many new cars. Dem cant stop we now.
sixto22001_Ja said,
December 23, 2007 at 11:09 am
Dotor evil, opps i mean mr. U.S.., can you give me your export view od the cash plus unaudited financial statement publish in the gleaner of sunday December 23,2007. I’m really excited to here your opinion anout it. Dont let me down now, bring on and tell us about it.
robo said,
December 23, 2007 at 2:22 pm
No payment for DEC. as yet from Higgins?
G_Nice said,
December 23, 2007 at 6:47 pm
Can someone post the highlights of Cash Plus’ financial statement. I would be really interested in seeing some of the details. I have been waiting on this information for some time to help decide my perspective on the company.
Thanks!
U.S.... said,
December 23, 2007 at 8:14 pm
First, I am concerned about innocent people losing their money. I have no other interest….including no interest in Jamaican banks etc. I am 100% unbiased.
Second, if you trust UNAUDITED financials from a convicted felon, then you a just too gullible to imagine. I know you place you hope in Cash Plus, and I am sorry that for whatever reason you do, but you are stubborn to admit you were taken in.
sixto22001_Ja said,
December 23, 2007 at 10:09 pm
U.S… you are really not as intelligent as i thought you were. Publishing a false finanacial statement is like taking yourself to the jail and locking yourself inside and throwing the key away. Quit wasting our time here because you have nothing at all to contribute. You’re just like the man on the corner who claims he is not going to work for what a next man will work for and who is the first to rob that man when he work. Come on get out of here, go to siberia, maybe you can find someone there who have no sense that you can brain wash and enslave mentally.
Do you recall what happen to Enron? The boss there was not fellon and the reports there were audited, but someone cooked them up. You will condemn cp plus at alll cost, go find some work to do man. I made my money there and like it or not you can take it back.
Rohan_GB said,
December 23, 2007 at 10:13 pm
Stop telling lies. You dont realy care. You want to see poor people stay there ie. below you. I bet you will be laughing and say stay where you belong….
Rohan_GB said,
December 23, 2007 at 10:17 pm
Merry xmas every one. Save some of the spending for January. Hapi nu year 2. I envy the people in the the places where the sun shines all the time.
Gemini said,
December 23, 2007 at 11:18 pm
@ ROBO….Dec payments for HW have not been posted as yet. They have posted up to the end of Nov. It will eventually reach. Appx 3 weeks late again.
robo said,
December 25, 2007 at 7:38 pm
Yes Gemini a my first interest suppose to come cross for the Dec. thats why i’m little bit worried.
ensley said,
December 25, 2007 at 11:00 pm
me past worried
me suicidal
W. Buffet Fan said,
December 26, 2007 at 1:31 am
Article worth reading:
http://en.wikipedia.org/wiki/Ponzi_scheme
tn said,
December 26, 2007 at 11:25 am
Good One W. Buffet Fan
Gemini said,
December 26, 2007 at 4:36 pm
I am not worried. My first return was due Nov 9th. It was lodged Dec 5th. They gave me option to collect cheque in office if I wished. They informed me as to where they reached with lodgements. Inconvenient …Yes ..naturally. But its better late than never.
POSITIVE said,
December 27, 2007 at 1:47 pm
Anyone knows much about offshore banking? If anyone has experience with an offshore bank for a while and dont mind sharing info,as address,website.
pat said,
December 27, 2007 at 4:32 pm
http://www.easy2earn.biz/?id=kemett. a cool way to earn
Gemini said,
December 27, 2007 at 7:21 pm
@ Pat…I think I will stay away from that one. I dont clearly see how exactly you earn. Explain please.
Juliet said,
December 28, 2007 at 10:08 am
Hi Bloggers,
I have been going through your posts. I reach up to 180. So far I have not heard much of a kind word from you guys to each other. You guys are just at each others throat. My goodness, stop it!!! We are suppose be trying to help out each other. You all know it takes to two to make a quarrel. I have done it before so I know. We will be approaching 2008 soon, so just relax and enjoy it.
We are all adults here. We are big enough to make our own decissions. Not to say we cannot ask for advise but in the end the final decision is up to us as individuals.
I am not gonna say that any of these investments are scam. I have been with Higgins Warner since June of this year and it has been going good for me. One of my payment was late when the whole bank thing started. However I watched and it turns out good. I am aware of the fact that others persons have not been getting their interests on time based on what I read so far. I jmust also admit based on my little research and check that the office here in mobay is not organise. The reps seems to be telling everyone a different story. My take is they are not really aware so they add a little. now that is not good. Mad business ethics I must add. Anyway, I have complain over and over both to them at the office and to Max Higgins himself. I had became so fed up that I dont even visit the office anymore. makes no sense to me. Now dont get me wrong.
I am going to give you all a scenario and allow you all to comment on it without any bias of course and tell me what you think.
Scenario:
Higgins Warner owed me referral fees. each time I ask the reps at the office, they told me they are trying to get back on track with interest payment. after waiting for them to get up to date with the payments nothing happen; So I decided to JUMP over their heads and go straight through Max Higgins. In less that 2 hours he responded asking me the amount and for my wire info. I sent it . he wire my money on the 16 and I got it on the 18. he did the same for my co-worker.
What do you all think is happening here. Mobay told me to wait and yet Max was ready and willing to pay, not interest payment but referral payment which is not even a must. Can you blame me to stop dealing with the office.
He even offered me a position after hearing my concerns. My resume was reviewed and now I am officially an agent.
Now, you guys, its does not mean that you should bombard me with everything at once. I have vision in mind and now given the apportunity I will try my best to see it through for anyone that I have already referred and for new prospects alike. Anyone out there who knows that they were referredby me, Yes Juliet Fray is the name. if you are having any problems collecting your interest or any concerns, please feel free to let me know. I will assist you in everyway I can. This will give me the apportunity to prove to myself what Max Higgins is really made of. So far I have no doubts, but you know its a little bit too soon to say.
If anyone would like to contact me: Best to send the email to: juliet.fray@gmail.com
All the joy and prosperity for the new year.
peace
enelra said,
December 28, 2007 at 10:58 am
Joy I sent u an email & I’d luv ur response. U sound like someone who can help me in a big way cause I’ve not gotten a single cent from HW since November & its beginning to worry me
enelra said,
December 28, 2007 at 10:59 am
Oh I’m sorry I referred to u as joy & not Juliet. Pardon me. But help if u can pleaaaaaaase
Juliet said,
December 28, 2007 at 11:57 am
Enelra,
As soon as I receive a response from Max on how I should proceed, I will let you know. Best to email me though. I access my email more than the blog. So far I only receive two emails. I did not see a enelra. Maybe Enelra is not your real name. L.O.L. I’ll try and assist in everyway possible
maxie williams said,
December 28, 2007 at 2:37 pm
Heard about cash plus , want to give it a try , when cn i start ,
Michael said,
December 28, 2007 at 3:34 pm
Michael said,
December 28, 2007 at 3:25 pm
To all HW investors ,especially those whom received checks from the Mobay office in the past. What was the name of the bank on the check ???? Prior to joining I checked around and heard they had a huge account with NCB and another Bank in the US(which I have confirmed). My payments are current ,but I do feel for the others who have not been paid, I have friends with accounts opened in Ja and the US. The US account is funded and the Ja account which was usually on time is now two months behind.Another friend opened the account in Ja and requested the wires in her Miami account , she received one payment and is now owed two. All HW investors lets seek the truth .Why are some paid and some not paid.
Juliet said,
December 28, 2007 at 4:13 pm
Michael,
The truth is Mismanagement by the office here in Jamaica. I said it and Max says it. There is no secret to it. When I spoke to Max earlier today. he informed me that some persons are getting fired by the office. They put his business in a mess. They mess up the reputation of the company. The persons in the US who are getting paid are probably the ones Sam Wharmann (the agent there sign up) Sam keep a carefull tab on his people. Each agent have that responsibility as Max explained to me. The office here have a responsibility to keep tabs on all the investors that they do contracts for. They should have kept a carefull tab so to avoid payments been missed. Its not that hard. I just started as an Agent, and I already have my spreadsheets set up to monitor all investors interms of date and interest payments. Not Everyone can work under pressure. They do seems somewhat confuse by the office at times. Its good to know they are weeding out the bad weeds. I am a utilitarian (THE GREATEST GOOD FOR THE GREATEST NUMBER OF PEOPLE).
Hope this answers your question
Michael said,
December 28, 2007 at 5:21 pm
Hi Juliet,
You’r right about the connection to Sam, how sad is that when a company can’t operate in a uniform manner. On the issue of the bank account with NCB my friend who’s also in HW ,who recruted me heard from her JA source in October that HW had a huge account with NCB. Can you confirm if this was ever true. Did NCB mead HW does not have an account today or just plain never had an account with them. Notice the comment at # 277 , I know for a fact that an account exist. There’s a lot of skepticism and misinformation out there and I think if we can at least find out the truth about the NCB account this would say somthing about the credibility of the bank.
namm said,
December 28, 2007 at 8:01 pm
Its now final, cash plus has been told to stop doing business immediately by the FSC in Jamaica, lets see what happens from here
Aziza said,
December 28, 2007 at 9:38 pm
Namm….state what they said factually please. They didn’t tell them to stop doing business they said they should stop issuing securities. The securities that have already been issued are not affected. Let is all try to be more reponsible with our statements please.
namm said,
December 29, 2007 at 1:41 am
i hope you are right, i too have money with them,
W. Buffet Fan said,
December 29, 2007 at 12:23 pm
When payouts are not made from profits of an organization’s business activities, then it is a scam. Profits are the key to a business and the only thing that ultimately matters. Where does Cash Plus’ payout come from? It is a simple and fundamental question. From my review of the matter, I do not believe Cash Plus’ payouts come from profits and hence it is not a viable business and appears to be a scam. Anyone care to correct me on this?
LOVERBOY said,
December 29, 2007 at 12:25 pm
The various media have been featuring the issue as to whether or not the unregistered institutions (Olint, Cash Plus and others) have a right to exist.
The point raised against those unregistered is that they exercise an unfair advantage over the registered or established institutions, in that the former do not have to observe the legal conditions (e.g. disclosure, submission of accounts, audit and other restrictions) under which the latter institutions have to operate, and as a result the unregistered bodies are able to offer, at least initially, abnormally high rates of return on investments, which cannot be matched by the established (and handicapped?) institutions.
Further, that the people who invest in these unregistered companies and who were described as ’stupid and greedy’ by a leading bank will realise, to their loss, that such returns are unsustainable, except, of course, under conditions of money laundering. It is, therefore, necessary to consider as dispassionately as possible both sides of the coin: first, the position of the registered institution and second, the nature and appropriateness of the unregistered companies.
Store of value
In a normal situation money should be a store of value – not perfect but reasonably so. Factors such as inflation, interest rates should cancel out, leaving the value of a given sum of money, more or less stable. In other words, what one could buy with a given sum of money in 2000 should not be substantially different from what could be bought in 2007.
This should be the objective of monetary policy. This has not been the case in Jamaica over several decades. In 1969, our dollar was more than the U.S. dollar; today it takes over $70 (Jamaican) to buy one U.S. dollar.
The deleterious effect of this can be seen particularly in the case of pensioners. Take the case of a pensioner who received a lump sum of $400,000 in January 2003. Taking inflation at eight per cent per annum (less than actual) and income tax of 25 per cent, the financial position of the pensioner would diminish in five years from $400,000 to $263,633 in real terms. His income from his investment (assuming he deposited it at an established bank where the going rate is about eight per cent per annum on such a sum) would by the end of the five-year period be a paltry $15,818 or $1,318 a month (again in real terms) after taking the above-mentioned factors into account.
Other options
What are the other options open? Stocks, building societies, etc. There is hardly any difference, taking into account reliability, rate of return and such. The average citizens may not work this out mathematically, but they suffer the consequences nevertheless!
Hence, this is why Cash Plus, Olint, etc., are so popular. They fill a real need. People have become desperate and are, therefore, seeking short-term solutions whatever the risks! And all this is happening while the banks are making billions of dollars in profits every year.
Government has a duty to resolve the plight of the ordinary people by protecting, as far as it is reasonably possible, the value of their hard-earned savings. Pensioners who retired a decade or so ago are virtually starving today unless:
(a) They are being subsidised by their families/friends.
(b) They have other sources of income.
(c) Their pensions are constantly upgraded in line with inflation (hardly likely).
It is not overlooked that inflation has been reduced from double digits to single-digit levels. However, as already pointed out, an average inflation rate of eight per cent per annum over five years results in a loss of over 34 per cent in real terms. This is still unacceptable.
Our financial system reflects 19th-century thinking and attitudes – an undue reverence for the status quo and an inherent hostility towards change and the accommodation of newcomers.
The unregistered institution
These companies are not monolithic. There are differences among them. For instance, it is my understanding the Cash Plus operates in (or mostly in) local currency and guarantees a fixed return on investment. On the other hand, Olint operates only in foreign currency but offers no guaranteed return. In neither case has there been any public outcry against these companies.
However, the real problem lies as much in their success as in their failure, paradoxical as this may seem. If left alone, they are likely to spread and grow exponentially. What then would be the consequences regarding:
(a) Work attitude: Where would be the incentive to work, who would want to work at all?
(b) Savings/investment: Who would want to save or invest if money can be so easily earned?
(c) Governmental concerns: With so much money in people’s pockets how would consumption be curbed? What would be the effect on inflation?
Bring unregistered companies in
The conclusion therefore is that it is imperative and urgent that the unregistered companies be brought within the framework of an expanded and reformed financial system, under new legislation if necessary, and thereby controlled albeit with imagination and understanding and in the interest of the country as a whole. This would mean that these companies would be subject to professional audit, taxation and submission of accounts, among other things.
Chaos would result if they are just left alone to expand and expand until they eventually displace the existing socio-economic infrastructure without providing a suitable replacement.
But before any action is taken, a commission should be appointed to inquire into the workings of our financial systems and to make recommendations. This should encompass not only the possible inclusion of the unregistered institutions but also a review of the policies and practices of the existing banks with a view to rendering them more amenable to the interests of the people they serve.
In the end, Jamaica should have a financial system that is open and sympathetic to changing circumstances that is sound, vibrant and fair to all concerned.
The various media have been featuring the issue as to whether or not the unregistered institutions (Olint, Cash Plus and others) have a right to exist.
The point raised against those unregistered is that they exercise an unfair advantage over the registered or established institutions, in that the former do not have to observe the legal conditions (e.g. disclosure, submission of accounts, audit and other restrictions) under which the latter institutions have to operate, and as a result the unregistered bodies are able to offer, at least initially, abnormally high rates of return on investments, which cannot be matched by the established (and handicapped?) institutions.
Further, that the people who invest in these unregistered companies and who were described as ’stupid and greedy’ by a leading bank will realise, to their loss, that such returns are unsustainable, except, of course, under conditions of money laundering. It is, therefore, necessary to consider as dispassionately as possible both sides of the coin: first, the position of the registered institution and second, the nature and appropriateness of the unregistered companies.
Store of value
In a normal situation money should be a store of value – not perfect but reasonably so. Factors such as inflation, interest rates should cancel out, leaving the value of a given sum of money, more or less stable. In other words, what one could buy with a given sum of money in 2000 should not be substantially different from what could be bought in 2007.
This should be the objective of monetary policy. This has not been the case in Jamaica over several decades. In 1969, our dollar was more than the U.S. dollar; today it takes over $70 (Jamaican) to buy one U.S. dollar.
The deleterious effect of this can be seen particularly in the case of pensioners. Take the case of a pensioner who received a lump sum of $400,000 in January 2003. Taking inflation at eight per cent per annum (less than actual) and income tax of 25 per cent, the financial position of the pensioner would diminish in five years from $400,000 to $263,633 in real terms. His income from his investment (assuming he deposited it at an established bank where the going rate is about eight per cent per annum on such a sum) would by the end of the five-year period be a paltry $15,818 or $1,318 a month (again in real terms) after taking the above-mentioned factors into account.
Other options
What are the other options open? Stocks, building societies, etc. There is hardly any difference, taking into account reliability, rate of return and such. The average citizens may not work this out mathematically, but they suffer the consequences nevertheless!
Hence, this is why Cash Plus, Olint, etc., are so popular. They fill a real need. People have become desperate and are, therefore, seeking short-term solutions whatever the risks! And all this is happening while the banks are making billions of dollars in profits every year.
Government has a duty to resolve the plight of the ordinary people by protecting, as far as it is reasonably possible, the value of their hard-earned savings. Pensioners who retired a decade or so ago are virtually starving today unless:
(a) They are being subsidised by their families/friends.
(b) They have other sources of income.
(c) Their pensions are constantly upgraded in line with inflation (hardly likely).
It is not overlooked that inflation has been reduced from double digits to single-digit levels. However, as already pointed out, an average inflation rate of eight per cent per annum over five years results in a loss of over 34 per cent in real terms. This is still unacceptable.
Our financial system reflects 19th-century thinking and attitudes – an undue reverence for the status quo and an inherent hostility towards change and the accommodation of newcomers.
The unregistered institution
These companies are not monolithic. There are differences among them. For instance, it is my understanding the Cash Plus operates in (or mostly in) local currency and guarantees a fixed return on investment. On the other hand, Olint operates only in foreign currency but offers no guaranteed return. In neither case has there been any public outcry against these companies.
However, the real problem lies as much in their success as in their failure, paradoxical as this may seem. If left alone, they are likely to spread and grow exponentially. What then would be the consequences regarding:
(a) Work attitude: Where would be the incentive to work, who would want to work at all?
(b) Savings/investment: Who would want to save or invest if money can be so easily earned?
(c) Governmental concerns: With so much money in people’s pockets how would consumption be curbed? What would be the effect on inflation?
Bring unregistered companies in
The conclusion therefore is that it is imperative and urgent that the unregistered companies be brought within the framework of an expanded and reformed financial system, under new legislation if necessary, and thereby controlled albeit with imagination and understanding and in the interest of the country as a whole. This would mean that these companies would be subject to professional audit, taxation and submission of accounts, among other things.
Chaos would result if they are just left alone to expand and expand until they eventually displace the existing socio-economic infrastructure without providing a suitable replacement.
But before any action is taken, a commission should be appointed to inquire into the workings of our financial systems and to make recommendations. This should encompass not only the possible inclusion of the unregistered institutions but also a review of the policies and practices of the existing banks with a view to rendering them more amenable to the interests of the people they serve.
In the end, Jamaica should have a financial system that is open and sympathetic to changing circumstances that is sound, vibrant and fair to all concerned.
I am, etc.,
R.H. ALEXANDER
11 1/2 Temple Meads
Kingston 6
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Juliet said,
December 29, 2007 at 12:35 pm
Michael,
Someone told me once that their friend at NCB told her that HW account was loaded. at the time. They mean they are no longer there. HW moved their money to RBTT.
Juliet said,
December 29, 2007 at 12:39 pm
O.K Guys,
I am trying to get intouch with a Dionne Sinclair of Delaware. The matter is urgent. She need to contact me at juliet.fray@gmail.com
Mackster said,
December 29, 2007 at 2:58 pm
I am concerned about this hold they placed on cash plus.What does this mean? We lost our money or they have the opportunity to give us it back? If they are to get license how long would it take and how would it impact the clients? Anybody able to answer this for me. Thank you
Elizabeth said,
December 29, 2007 at 3:19 pm
Hey Guys,
What do you think is going to Cash Plus?
Aziza said,
December 29, 2007 at 7:36 pm
Everyone please try to get your hands on a gleaner in the morning. My sources say that C+ will be publishing some info that is pertinent to it’s members.
Elizabeth said,
December 30, 2007 at 9:07 am
So after reading the Gleaner. What do you think? Is that possible? To convert a business into a conglomorate? I really dont know? Also the present situation with the FSC……..I dont see that answered.
john said,
December 30, 2007 at 10:42 am
i am seeking investments but not sure if u have any copanies to recomend it would be apreciated
Rohan_GB said,
December 30, 2007 at 11:44 am
@366 Buffet Fan you are late with that stale news.
Rohan_GB said,
December 30, 2007 at 11:57 am
The FSC think they have the last say when infact the is the MPs have the last say. They make the law and and have concensous agreement to make amendments to facilitate new innovations. THe Directors remid me of U.S.
U.S..... said,
December 30, 2007 at 12:08 pm
Rohan_GB – You are an idiot. Seriously, why do you wish so hard for something that isn’t true….you must be in on the con. People that steal from the poor should go to jail.
U.S..... said,
December 31, 2007 at 1:52 am
If you give your money to a convicted con and fraud, then you are a greed d*mn fool. And if you encourage others to do the same so that you profit by it, then you are evil. Other than that, Happy New Year and invest wisely to grow your wealth.
Mr.Thomas said,
December 31, 2007 at 6:56 am
Well, If anyone is interested in only dealing with legit business groups. You should contact me. I am a member of a group that shows average people how save and invest funds offshore and possibly retire sooner than you think. We will show you how to minimize taxes,maximize returns, protect your assets,give you an outline of our million dollar business plan, and you will be invited to our annual conferences with live speakers that tell you about investments average people don’t have access to. We will even show you how to set-up an offshore business. What’s so good about investing offshore? If you don’t know contact me and I will show you how to maximize your returns. What would you do if you knew that there was a bank that offered certificate deposits that collect 1%-2.5% monthly, Managed Accounts with registered brokers with your name on the account that collect anywhere from 18%-42% monthly, offshore real estate investments that double or even triple your returns in a year,etc….Why should I obtain a second passport? Why should I get a dual citizenship? All these questions will be answered an you will be amazed at the reasons. Do you know someone is looking at your bank statements besides you as I am typing this, someone knows when you transfer funds and to who and what they even do with them. Learn to protect your privacy and assets.
Mr.Thomas said,
December 31, 2007 at 6:59 am
If you are interested in joining my wealth group please don’t hesitate to send an email to CThomas_osms@yahoo.com
AR said,
December 31, 2007 at 9:13 am
CASH PLUS = stealing poor Jamaican hard earned undevalued money.
IT’s about to be a riot.
sorry for di ppl dat get tricked into this GET RICH QUICK Scam.
AR said,
December 31, 2007 at 9:32 am
Jamaican Need to think long term , and if they thought long term they would put money in the bank as our dollar will devalue due to borrowing more from the IMF (make sense). All the interest in the would wont help the standard of living in Ja. The standard of living in Jamaica is what ppl should realy be concerned with , not instant profit ( what will the money buy , probably a beef patty for 250$) , jamaican need to think long term , and that is why so many of those poor souls will get bitten.
pray for the poor ppl in jamaica, cause u rememba di song ” poor ppl fed up” sing di rest.
out of many one people.
Annt said,
December 31, 2007 at 11:15 am
The fact is and it cannot be ignored, that the climate and economic condition of Jamaica is what fosters the growth of these investment schemes. If things were different, if people could actually live off their salaries, if illeteracy was not so high, if unemployment levels were lower, do you think that cash plus would have taken off like a kite the way it did.
But as is typical of the people with the power, they aply a topical cream to a festering wound and keep ignoring the root cause.
When the reality behind why people will gravitate towards alternative investments (not only greed) is addressed, then the demand will reduce as people can actually work and buy food.
If you do a survey on the # of people who live (literally live off monthly amounts) you will be alarmed.
Now my challenge to the brilliant US and others, suggest to the government and the people of Jamaica ways to enhance the country.
Believe me you calling investors in Cash plus idiots is not helping our nation, it is an indication of how hard the economy has become. It is way easier to sit in the seat of the opposition and criticize, come up with solutions. Otherwise, as one investment fails another will rise and the cycle will forever continue.
U.S.... said,
December 31, 2007 at 11:45 am
Thanks for the post Annt. Personally, I have helped out Jamaica and its business climate. I called Rohan_GB an idiot because he is, wasn’t implying all Cash Plus investors, just Rohan_GB who keeps puffing it up and claiming he is some smart university student…..so he isn’t the illiterate poor that his actions are helping to steal from.
Rohan_GB said,
December 31, 2007 at 12:46 pm
U.S is such a liar and so boastful. Tell me one charity that you set up in Jamaica or tell me what way you help out in Jamaica. You can say anything from behind the computer and big up youself. Can you believe that some places in Jamaica do not have running water or electricity? Most Jamaicans work hard and still below the poverty line. When will I see people have the basic human rights which was set out in the conventions.
Every every new developments are shot down by key players like U.S and his cronies. They hate competitions in Jamaica trust mi. HYIs was not the only innovations get fight by the banks but the other money brokers got pushed over by the banks as well.
I am not getting personal with you but you must tell the people the truth. How can you say these companies are scam when you do not have any substantial evidence. There are so many forex trader are they scams too. I know that these companies might not get the required licence because people like use is gonna turn them down. Its the same people who have interest in the sector are the ones who decide who enter. Pure Politics. I am still contemplating wether to come back to Jamaica to live or just visit on vacation. The officials are still Victorian and the redtape start from the airport. I am not the only one who complain, over seas investors complain, the other governments complain returning residents complains. There is hadly or little progress for the poor and underclass.
Rohan_GB said,
December 31, 2007 at 12:48 pm
I wish Jamaica all the best for the Nu Year.
POSITIVE said,
December 31, 2007 at 1:32 pm
Happy New year guys, hope all can be more,positive, helpful, happy for each other and prosperous.
God Bless
Eve said,
December 31, 2007 at 2:06 pm
These type of Ponzi Schemes were also tried in the Jamaican community in the US back in the 1980s and 1990s as well. So, it is not necessary the climate in Jamaica that foster such events..its the lazy & greedy people themselves, who do not believe in the need for hard work as a means of getting ahead in life. They will get on any bandwagon related to get rich schemes. Intrincally, Jamaicans of all walks of life are predispose to these type of things. Most of these individuals DO realize that this is a Ponzi Scheme, however, as long as they make their money (at the expense of others), would care less. We should not feel sorry for them when the cards come tumbling down, as is the case now…they deserve it!
I am alarm that these same individuals would come onto forums like these and try to preach the advantages of such schemes. I think they should take the money they invest in these schemes and further their education, which appears to nonexistent at this point in time…DUMB!
nash said,
December 31, 2007 at 2:48 pm
Hi
Jcan & Patricia
Have been following your blogs. very insightful information. i am currently invested in C+ ( waiting for the results) & WB & Associates. Can either of yu give mi a refferal for Olint. or some links as tu how tu get in.
email me at, natjohnn@gmail.com
more time
Gemini said,
December 31, 2007 at 9:00 pm
@ Eve…..Logging on to this Forum and insulting individuals who choose to invest in an alternative investment scheme is not beneficial to anyone. You are advising them that they should have used the funds they invested to further their education, yet your grammar is embarrasingly poor !
Tell me something – If an individual earn via FX Trading is he/she greedy and lazy also ? I know many well educated individuals who are employed and earn additional income doing that in their spare time. If an organization such as Olint can use 20% of my funds for FX Trading and offer me 10% monthly, am I being lazy/greedy if I personally choose to risk some of my own money to invest with them ?
I endorse the need for transparency etc so that individuals can make informed investment decisions. Life itself is a risk. If someone choose to invest with C+ or any other alternative investment scheme he/she should be aware of the risks involved and should be smart enough not to dump their entire life savings into them.
No C+ investor need your sympathy. The organization is restructuring its operations over the next 3 months in order to be compliant. The cards have not tumbled down as you and many others would like to see.
U.S...... said,
January 1, 2008 at 12:36 am
Bravo Eve…great post. It is disheartening to hear that people go in these schemes knowing that people will get hurt and they don’t care. In order for Jamaica to move forward in a positive way, Jamaicans need to look after each other more.
Aziza said,
January 1, 2008 at 12:39 pm
Happy New Year to all! May 2008 bring you and yours health, happiness, prosperity and wisdom!
U.S.... said,
January 1, 2008 at 2:31 pm
Been watching “American Greed” on CNBC…….just like Cash Plus. You pay high initial returns, word gets out, “restrict” who can participate and let the feeding frenzy begin as people beg to give their money to the ponzi scheme. Then massage the people who are skeptical to make the ponzi scheme go crazy. Then take the money and flee. How about making the principals of Cash Plus stay on the island until all of this is sorted out?????? I GUARANTEE THEY WILL FLEE….WHICH IS ALREADY IN OFF SHORE ACCOUNTS!!! Classic Ponzi Scheme – there is no business, no products, no sales (except high profile “fronts”) nothing but money is shifting from on investor to the next.
U.S..... said,
January 1, 2008 at 4:19 pm
http://www.aarp.org/money/wise_consumer/investment_fraud/ponzi_schemes.html
U.S..... said,
January 1, 2008 at 4:25 pm
http://home.nycap.rr.com/useless/ponzi/
U.S..... said,
January 1, 2008 at 4:29 pm
Double Your Money in 90 Days.
Have I got a deal for you! I can double your money in just ninety days, guaranteed.
Nonsense, you say!
What? You don’t trust me? I promise you that it can be done. A man named Charles Ponzi delivered on such on such a promise back in 1920.
Now, I know what you are thinking. This has to be some type of scam. Well, I would be lying if I said that it wasn’t. (Put your money back in the bank. You’re not getting rich this week.)
How it all started.
Carlo “Charles” Ponzi was born in Parma, Italy 1882 and then emigrated to the United States in November of 1903. Over the next fourteen years, Ponzi wandered from city to city and from job to job. He worked as a dishwasher, waiter, store clerk, and even as an Italian interpreter. In 1917, he settled back into Boston where he took a job typing and answering foreign mail. It was here in Boston on that fateful day in August of 1919 that Ponzi discovered the mechanism to make both him and his investors very wealthy.
At the time, Ponzi was considering issuing an export magazine. He had written a letter about the proposed publication to a gentleman in Spain, and when Ponzi received his reply, the man had included an international postal reply coupon. The idea behind this enclosure was quite simple. Ponzi was to take the coupon to his local post office and exchange it for American postage stamps. He would then use those American stamps to send the magazine to Spain.
Ponzi noticed that the postal coupon had been purchased in Spain for about one cent in American funds. Yet, when he cashed it in, he was able to get six American one-cent stamps. Just think of the possibilities if you could do this. You could buy $100 worth of stamps in Spain and then cash them in for $600 worth of stamps in the United States. Then cash in or sell the stamps to a third party and you have, well, good old cash. You just can’t get this kind of interest in the bank.
Ponzi’s mind quickly went into overdrive and devised a clever scheme to capitalize on his idea. He was determined to be a rich man. His first step was to convert his American money into Italian lire (or any other currency where the exchange rate was favorable). Ponzi’s foreign agents would then use these funds to purchase international postal coupons in countries with weak economies. The stamp coupons were then exchanged back into a favorable foreign currency and finally back into American funds. He claimed that his net profit on all these transactions was in excess of 400%.
Was he really able to do this? The answer is a definite no. The red tape of dealing with the various postal organizations, coupled with the long delays in transferring currency, ate away at all Ponzi’s imagined profits.
Things got just a bit out of hand…
A failed scheme couldn’t keep Ponzi from bragging about his great idea. Friends and family members easily understood what he was saying and they wanted in on the investment. And, lets face it, if you flash money in someone’s face, they are bound to take it.
On December 26, 1919, Ponzi filed an application with the city clerk establishing his business as The Security Exchange Company. He promised 50% interest in ninety days and the world wanted in on it. Yet, he claimed to be able to deliver on his promise in just forty-five days. This, of course, translates into being able to double your money in just ninety days.
Word spread very quickly about Ponzi’s great idea and within a few short months the lines outside the door of his School Street office began to grow. Thousands of people purchased Ponzi promissory notes at values ranging from $10 to $50,000. The average investment was estimated to be about $300. (That was a big chunk of pocket change in those days.)
You are probably sitting there puzzled. Why would so many people invest in a scheme that didn’t work? The real reason was that the early investors did see the great returns on their money. Ponzi used the money from later investors to pay off his earlier obligations. It was a new twist on the age-old pyramid scheme.
With an estimated income of $1,000,000 per week at the height of his scheme, his newly hired staff couldn’t take the money in fast enough. They were literally filling all of the desk drawers, wastepaper baskets, and closets in the office with investor’s cash. Branch offices opened and copycat schemes popped up across New England.
By the summer of 1920, Ponzi had taken in millions and started living the life of a very rich man. Ponzi dressed in the finest of suits, had dozens of gold-handled canes, showered his wife in fine jewels, and purchased a twenty-room Lexington mansion.
The Crash
Any get rich scheme is certain to attract the attention of the law, and Ponzi was no exception. From the start, federal, state, and local authorities investigated him. Yet, no one could pin Ponzi with a single charge of wrongdoing. Ponzi had managed to pay off all of his notes in the promised forty-five days and, since everyone was happy to get their earnings, not a single complaint had ever been filed.
On July 26, 1920, Ponzi’s house of cards began to collapse. The Boston Post headlined a story on the front page questioning the legitimacy of Ponzi’s scheme. Later that day, the District somehow convinced to suspend taking in new investments until an auditor examined his books. (Why anyone who was doing something so highly illegal would let auditors examine his books is beyond me.)
Within hours, crowds of people lined up outside Ponzi’s door demanding that they get their investment back. Ponzi obliged and assured the public that his organization was financially stable and that he could meet all obligations. He returned the money to those that requested it. By the end of the first day, he had settled nearly 1000 claims with the panicked crowd.
By continuing to meet all of his obligations, the angry masses began to dwindle and public support swelled. Crowds followed Ponzi’s every move. He was urged by many to enter politics and was hailed as a hero. Loud cheers and applause were coupled with people eager to touch his hand and assure him of their confidence.
And Ponzi continued to dream. He had planned to establish a new type of bank where the profits would be split equally between the shareholders and the depositors. He also planned to reopen his company under a new name, the Charles Ponzi Company, whose main purpose was to invest in major industries around the world. (Apparently, no one ever told Ponzi that the key to any successful swindle was to take the money and run.)
The public continued to support him until August 10, 1920. On this date, the auditors, banks, and newspapers declared that Ponzi was definitely bankrupt. Two days later, Ponzi confessed that he had a criminal record, which just worsened his situation. In 1908, he had served twenty months in a Canadian prison on forgery charges related to a similar high-interest scheme that he had participated in there. This was followed in 1910 by an additional two-year sentence in Atlanta, Georgia for smuggling five Italians over the Canadian border into the United States.
On August 13th, Ponzi was finally arrested by federal authorities and released on $25,000 bond. Just moments later he was rearrested by Massachusetts authorities and re-released on an additional $25,000 bond.
In the end…
The whole thing turned into one gigantic mess. There were federal and state civil and criminal trials, bankruptcy hearings, suits against Ponzi, suits filed by Ponzi, and the ultimate closing of five different banks.
Of course, we cannot forget the problem of trying to settle Ponzi’s accounts in an attempt to return all of the people’s investments.
An estimated 40,000 people had entrusted an estimated fifteen million dollars (about $140 million in U.S. funds today) in Ponzi’s scheme. A final audit of his books concluded that he had taken in enough funds to buy approximately 180,000,000 postal coupons, of which they could only actually confirm the purchase of two.
Ponzi’s only legitimate source of income was $45 that he received as a dividend of five shares of telephone stock. His total assets came to $1,593,834.12, which didn’t come close to paying off the outstanding debt. It took about eight years, but note holders were able to have an estimated thirty-seven percent of their investment returned in installments. In other words, many people lost big time.
Ultimately, Ponzi was sentenced to five years in federal prison for using the mails to defraud. After three and one-half years in prison, Ponzi was sentenced to additional seven to nine years by Massachusetts’s authorities. He was released on $14,000 bond pending an appeal and disappeared about one-month later.
Where did he go? Did he leave the country? Did he just vanish off of the face of the Earth? No one was really sure.
No, he turned up a short time later in the great state of Florida. Under the assumed name of Charles Borelli, Ponzi was involved in a pyramid (big surprise, huh?) land scheme. He was purchasing land at $16 an acre, subdividing it into twenty-three lots, and selling each lot off at $10 a piece. He promised all investors that their initial $10 investment would translate into $5,300,000 in just two years. Wow!!! Too bad much of that much of the land was underwater and absolutely worthless.
Ponzi was indicted for fraud and sentenced to one year in a Florida prison. Once again, he jumped bail on June 3, 1926 and ran off to Texas. He hopped a freighter headed for Italy, but was captured on June 28th in a New Orleans port. On June 30th he sent a telegram to President Calvin Coolidge asking to be deported. Ponzi’s request was denied and he was sent back to Boston to complete his jail term. After seven years, Ponzi was released on good behavior and deported to Italy on October 7, 1934. Believe it or not, even after all of his swindling, he still had many fans that were there to give him a rousing sendoff.
Back in Rome, Ponzi became an English translator. Mussolini then offered him a position with Italy’s new airline and he served as the Rio de Janeiro branch manager from 1939-1942. Ponzi discovered that several airline officials were using the carrier to smuggle currency and Ponzi wanted a cut. When they refused to include him, he tipped off the Brazilian government. The Second World War brought about the airline’s failure and Ponzi soon found himself unemployed.
Once again, he wandered from job to job. He tried running a Rio lodge, but that failed. He then alternated between earning a pittance providing English lessons and drawing from the Brazilian unemployment fund.
Ponzi died in January of 1949 in the charity ward of a Rio de Janeiro hospital. Somehow, the man who had gone from poverty to multi-millionaire and right back to poverty in a matter of six months had managed to save up $75 to cover the costs of his burial. He left behind an unfinished manuscript appropriately titled “The Fall of Mister Ponzi”. And what a rise and fall it was.
Useless? Useful? I’ll leave that for you to decide.
Not Crabinbarrel said,
January 1, 2008 at 7:11 pm
See: http://www.imf.org/external/pubs/ft/fandd/2000/03/jarvis.htm
Zunammie said,
January 2, 2008 at 10:30 am
HAPPY NEW YEAR ALL!
Rancid said,
January 2, 2008 at 4:46 pm
link up with other Cash Plus members in this tribe and find out the latests news and info being circulated… http://www.idletribes.com/cash … you have to join the tribe but over 140 of us there now…link wi and share what you know.
Rohan_GB said,
January 2, 2008 at 7:22 pm
I need to get into Olint so they can trade for me. I have no time to go on Forex. Can some one refer me.
ray said,
January 2, 2008 at 10:30 pm
Can anyone tell me the contact info. for Higgins Warner. It came on the News that there are no longer i Jamaica. Whats happening? it that it??
AR said,
January 3, 2008 at 7:52 am
here is what happened to it, dem a slowly more away wid di ppl dem money.
http://www.jamaica-gleaner.com/gleaner/20080103/lead/lead1.html
tn said,
January 3, 2008 at 8:01 am
Well, according to the News, them lock shop and pull out not to be reached. I sent an email and I hope it doesn’t bounce.
MARSHA said,
January 3, 2008 at 12:48 pm
Does anyone know what date CashPlus is going to start paying again?
POSITIVE said,
January 3, 2008 at 1:21 pm
I sent an email from yesterday, no reply !!! nuff disrespect
POSITIVE said,
January 3, 2008 at 1:22 pm
HW I mean
Elizabeth said,
January 3, 2008 at 1:33 pm
Positive there is an email sent out informing clients its the 11 Feb before any payments r made?
MARSHA said,
January 3, 2008 at 2:24 pm
I am in the US so I have limited information and rely heavily on this blog for update. I was told today that CashPlus is requesting 3 months to reorganize before they start paying again. Somebody please tell me it ain’t true! I need my money now.
Does anyone know if CashPlus say when they will start paying?
GreenP said,
January 3, 2008 at 2:40 pm
INVEST WITH INFORMATION
All investments include risks. Some carry high risks with high returns such as cash plus, FX trading, and the ponzi scheme by Max Higgins. Others are low risks with low returns such as savings accounts, government bonds and some mutual funds.
The key to any investment however is having enough information to take a CALCULATED risk. You need to ask the what, when, how, why, where and who questions and you need to get logical answers with enough rationale behind them.
The questions should tell you what kind of business you are investing in. What kind of products or services they are offering. What industry are they in. when did they start operating, when will you get back your returns, how do they make and deliver their products or services, how can they be reached, where are they located, who are the persons behind the business and what gave them the right to invest your money (experience, education, history of success and failures etc).
Remember that this is a relationship that you are starting. It could be short term or long term. Like all relationships you must know what you are getting into. People can lie, but if you ask enough questions, you will usually find the true answers.
When you meet a guy for the first time do you just jump into bed with him or do you search him out first? Even in a one night stand we do ask questions, however limited they may be. The more questions you ask the more you will discover. The more you discover, the better you are at making an informed decision and the more calculated your risk will be.
Now look at all the investment opportunities out there and the ones you have invested in, can you answer all of the above questions, honestly? Also, remember that we are what we do and what we do are the same things that our children will do. All prostitutes say that they will never encourage their girls to take up the profession. But what will stop them when the only person they look up to is the prostitute mom.
Children live what they see and we MUST be the best example for them to follow.
GreenP said,
January 3, 2008 at 2:42 pm
Marsha where in the US are you?
Elizabeth said,
January 3, 2008 at 2:49 pm
Dear Marsha
I know how you feel I was so need he interest from Higgins Warner……..But there is none………………
MARSHA said,
January 3, 2008 at 3:04 pm
I am in Florida & I need my money for Tution due next week! Is there any word from the CashPlus folks, are they making any announcements?. Heard that the doors are closed. Is this for real?.
GreenP said,
January 3, 2008 at 3:24 pm
Marsha, call me at 954 548 4677
Elizabeth said,
January 3, 2008 at 6:04 pm
Marsha.
I suggest you read the Gleaner and Observer online just to keep abreast. But I have heard persons r calling Cash Plus and getting answered.
Eve said,
January 3, 2008 at 8:15 pm
Masha, I don’t think Cash Plus is in any financial position to make payments to its so-call investors. They plan to turn all their “investors” into “Shareholders” First of all, due to his criminal background, there is no way in hell that the FSC would grant a Carlos Hill-led enterprise a license to trade securities. Now, based on the unaudited financial statements that they have recently published, their liabilities far exceed the assets. That is, they are in no position to pay dividends (what a shareholder gets). If you look at some of their assets, for example, the Hilton Kingston Hotel, one would question why an entity like Cash Plus would buy such a hotel. I have not seen the financials on the Hilton Hotel, but having stayed their about four times a year, it is clear that the hotel is a money pit. Most of the time that I have stayed there(at various time of the year), the Hotel is virtually empty. It has gone through at least 3 or 4 ownership changes over the years.
Also, Cash Plus Megafone went out of business recently due to the fact that they were not paying their bills. Additionally, their sponsorship of the football league is in trouble, as they are behind on payments to the league. Their foray into the cambio business was cut short by BoJ back in October of 2006. The list of pending troubles continues to roll…Now they are asking the investors to wait 3-months for them to change their investor’s status to shareholders, something their investors did not sign-up for. It seems to me that they are just buying time, since it is inevitable that Cash Plus will collapse within the next 6-months!
Now I ask “Gemini”, given these signs, you do not see problems ahead or is your head so far up…., for you to see anything! Maybe you are going through the denial-phase, given the fact that your investment is about to evaporate. The fact is you guys invested with a know criminal, one with a rich history of creating Ponzi Schemes in the US and the fact that he could no longer perpetrate these type of fraud in the US, he elected to return (or was he deported?) to Jamaica to further is criminal enterprise on unsophisticated individuals, such as Gemini.
What I cannot understand is why would individuals put their hard earn money into a system or organization without the proper research of what they are getting into or who are the major players of these organization. Mr. Hill claims he is running a conglomerate, yet he has no background running anything other that what is has been convicted of..Ponzi Schemes. He has no core competencies as it relates to running a legitimate business. If you look at the vast array of companies that Mr. Hill have formed, they are in such divergent fields, with little or no synergies between them, you are left to wonder if he knows what he is doing or is just driven by ego. His organization reminds of another entity, Eagle Group that collapse in 1997 (taken over by FINSAC). The difference is, Eagle was run by a very capable individual, Dr. Paul Chen-Young and the financial crisis that shocked Jamaica at that time, was the major reason for its demise.
dean said,
January 3, 2008 at 8:16 pm
There is no company her in the states anywhere that can give you that kind of return that these companies promise, if it were so the rich white guys would have already been on it. These sound like ponzi pyramid schemes to me, i dont know what to tell you all now cause if everybody want their money at the same time down goes the scheme. There is no such thing as getting rich quick and these guys tek jamaica people for clown.
POSITIVE said,
January 3, 2008 at 8:20 pm
Elizabeth, HW now pushed that date to February. SURPRISE !!!!!
That is my concern !!! They do not stick to anything they say.I can only hope for the best
Elizabeth said,
January 4, 2008 at 8:26 am
Positive I was shocked yesterday I was told the first week in Jan about 2 days ago and now I heard about Feb yesterday.
Rohan_GB said,
January 4, 2008 at 11:44 am
http://cashplusinvestment.com/comments/all-comments/
You lot can get more info here. Basically is the same discussion but very informative.
Gemini said,
January 4, 2008 at 2:18 pm
@ EVE…Yap Yap Yap..Yadda Yadda Yadda…Empty barrels tend to make the most noise. I have made back all my C+ investment and more. Not worried re any loss. Every one thinks his only investment is ” Hilton Hotel”. Eve is so sophisticated yet she still cant construct a proper sentence. Wont waste any time with her.
MAGGIE said,
January 4, 2008 at 2:27 pm
I noticed that no one answered if they heard when CashPlus will be paying
agian. I have US$10,000 invested and am not getting any answers from CashPlus. Does anyone know even if they are still open?.
ensley said,
January 4, 2008 at 10:40 pm
no dem lock
VGR2100 said,
January 4, 2008 at 10:57 pm
I thought you might find interesting and hopeful the latest news below from Radio Jamaica:
Prime Minister calls for plan to address unregistered investment clubs PDF Print
Friday, 04 January 2008
Image The Prime Minister has called for t