HYIP Profits

CSEC on GeniusFunds

Cyprus Securities and Exchange Commission (CSEC) finally speaks up with regards to GeniusFunds. We all remembered that BCSC banned GeniusFunds because of the allegations that GeniusFunds has return of investment that is impossible to obtain through any legal means (meaning a ponzi). Because of that GeniusFunds was called up for a hearing last February 25 and then canceled and will resume on April 7. This recent report coming from CSEC can be a cause for GeniusFunds to lose that hearing. GeniusFunds told the investors that their company is based on Cyprus and is registered legally there. People confirmed it true because GeniusFunds provided documents of their registration on CSEC. But this is not the case for CSEC. CSEC is a securities and exchange commission in Cyprus. Like British Columbia Exchange Commission (BCSC), it also deals with investments and the Stock Market may it be online or offline. Any investment firms that is based on a country are regulated by these securities and exchange commission. GeniusFunds is based on Cyprus so it must be registered to CSEC….well, it should be but here’s what CSEC says:

WARNING
The Cyprus Securities and Exchange Commission (‘the Commission’) wishes to inform
the investors that the company ‘GENIUS INVESTMENTS (CYPRUS) LTD’:

……………………

2. Is not regulated by the Commission and the authorisation with the number CIF 087/07,
which the abovementioned company is alleged that it possesses, is fake.

……………………

I trimmed down the warning because some are irrelevant to my news. If you want the full warning you can download it in pdf form on CSEC’s website.

It seemed like GeniusFunds did not care about CSEC’s warning to the public. Because in this most recent email from GeniusFunds, they did not talk about the matter.

Here’s the email from GeniusFunds:

Dear Investor, Due to the massive volume of chat traffic being experienced today, it has made it difficult for us attend to everyone individually. However, we have tried to answer all your queries and concerns below:

1) Our website is down due to extensive maintenance work that is being conducted to enhance the security level of our website. Since we deal with sensitive content, it is pivotal for us to maintain a secure website to safeguard the investments.

2) The maintenance work has been delayed due to the unexpected circumstances that our technical team is dealing with. We are trying our best to overcome them asap and restore a fully operational service.

3) Please do not get concerned with the rumours and reports you read online about us shutting down or being a scam. They are completely false and baseless.

4) We can not issue a confirmed timeframe but rest assured, our technical team is working round the clock to get the website up and running for you. We will be back online soon.

We understand your concerns and would like to thank you for your patience and co-operation during these testing times.

With best regards, GeniusFunds Support Team.

What better way to do than to hide the worms that lurks in the pie. It will ruin the business. Soon enough people will see CSEC’s warning and GeniusFund’s investors will decrease. It’s up to you if you will invest on GeniusFunds  now or leave it at bay. GeniusFunds is like a candle now. The wick has been burned and the candle is shortening. Soon… the candle will die.

GoldNuggetInvest Refund Update

GoldNuggetInvest updated the members of the refund for those who are not in profit. There have been issues on the refund lately but GoldNuggetInvest is working it and will be fixed soon. GoldNuggetInvest updated the refund website that was wrong in the previous newsletter and replaced it with the correct link to the website. They also told the members of the Application for Refund that was available on the previous newsletter that the Application for Refund must be copied in full without anything missing on it. But if the members haven’t copied it yet, one will be provided via automated response to the initial opening request. GoldNuggetInvest told the members of the glitch on the refund request that happened on the first 700-800 request and the problem is being taken care of so members need not to worry. And finally, if members doesn’t fully understand the refund process they can visit the forum for further explanation. Garret explains to the members that the process is tedious and requires a lot of work, so members need to be patient for the refunds and understand Garret’s situation.

Here’s the email from GoldNuggetInvest:

Greetings GNI Customers:

This mini-update will attempt to address some of the current issues and concerns you may have about the refund requests….

I have been working with Debbie to try to set this up properly over the last few days and now think its getting close to being correct.

1. The link that was specified in the previous newsletter to access the Ticket System for Refunds was incorrect. The correct link is….

http://gniforum.com/gnirefund/

Be sure to include all the characters

2. If you have not cut and paste a fully completed Application for Refund, one will be provided to you when you receive an automated (system generated) response to your initial opening request. If you have already completed, by means of Cut & Paste, a Refund Request Form, please edit out the form contained within the ticket.

Included in this response which is forwarded to your email will be your new ticket number. This ticket number stays with you throughout the duration of your claim.

3. Be clear with all your responses. The clearer you are the faster this will go.

4. These refunds have to be confirmed, verified and then approved. This is a tedious, brain-draining process so please have some patience.

5. The first several hundred (somewhere between seven hundred and eight hundred) refund requests, due to a programming glitch, did not send, in the automated response, your ticket number. Do not be concerned, we received it, and a number was assigned to it….Please do not send a follow up ticket asking what your ticket number is. If you need to add additional supporting information, go to the forum and send a PM to GNIChyk who will ask your name and other confidential information you supplied in the refund application. She will then give you your ticket number.

6. If you do not understand some aspect of the process, go to the forum where it is discussed in detail FIRST. If the issue you ask is easily and readily available on the forum and it is clear you have not attempted to find this information out for yourself….there will be no choice but to return your ticket….This is out of consideration for your fellow member. If it’s not clear or if several members seem to be having a similar issue, a mini-newsletter will be forwarded to the community, such as this.

Thank you for your support….