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I’ve just got the message with several links on web-news with what seems to be the clarification of all this mess.
Apparently there is evidence in place supporting it, that a number of persons working for Seychelles offshore industry regulator, SIBA, are involved in protecting fraud, and are particularly connected to the “Stoic issue”. This somehow explains why the scam lives and wins and why nobody on Seychelles want to find the truth.
The sources mention some person whose name is Wendy (SIBA’s Compliance Dept. ) as a connection of the Stoic-ponzi on Seychelles.
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hi love to be part of it but ido nt ave money to invest,if u guy can loan me money so dat i can invest.iwe be of u guys. thanks ehis j
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ehis j,
Which country are you from?
I made some money and can lend you some.
jack
Hello All
Today is 29 may and this is last days of congress .. still do u believe that stoic will come again and no scam in stoic. i want to invest something in it… but i am still wondering if i will come under sacm.
please advice me if i invest in it or not….
ReplyHi Manav,
the party is over. Please read the latest announcement.
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anyone noticed that this “Singapore investor” posts under 2 surnames?
Did he decide to use his dad’s surname one day, then takes on his wife’s surname on another day???
me smells a paid shill pretending to be a sinkie.
Replyyes i notice.. and i wanted to ask you .. did u invest anything in stoic …
ReplyNope.
Just a fellow Singaporean who has seen and heard his fair share of lies and fraud, just like yourself 🙂
ReplyThe only people receiving any money are the admins of HYIP monitoring sites and the fraudsters themselves.
I smell a disaster for the other “investors” when their (imaginery) Congress takes place at the end of the month.
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Hi all, just want to share my experience invest in Stoic. I’am from Singapore and currently have 2 active account investing in Stoic (Capital USD 10,000 each).
Last Monday (4/5/2009) was my 1 account due after 150 days of investment. I received from Stoic USD 12,XXX on Wednesday after i made a withdrawer request to my LR account and now i successfully exchange it to cash from LR.
Here i want to thank Stoic !! & now waiting my 2nd and 3rd account due on July and August. 🙂
ReplyHi Jonathan,
If you had invested 10k, shouldn’t you have gotten back much more than 12k?
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Hi lioninvestor,
My 1st investment was only $1000, before my 1st investment, i did test it with $250 without compound, i request withdraw every single business day and all the payment to my LR was on time (within 24 hours) so i decided to invets more which is $1,000 to test it out. Since the compuond rate can change anytime, therefore i did change it frequently. (I’am also a “Kia Su” person) 🙂
For my current 2nd & 3rd $10,000 are fully 100% compound.
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150 days? stoic keeps for 190 days not 150 days, how you got after 150 days?
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Hi Jonathan,
So you still have more money with them than you have taken out….
ReplyHi lioninvestor,
Yes, i feel more confidence after successfully get back my investment, but i always believe that anything might happen, therefore i will slow down my capital after my 2nd and 3rd investment due.
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Stoic-capital.com is a well-managed ponzi, nothing more. Only time will tell when they will scam..
You should read this: http://www.moneymakergroup.com/index.php?s=&showtopic=190641&view=findpost&p=5273669 plus IFSC warning notice about Omtron ltd and Stoic Capital Inc: http://www.ifsc.gov.bz/notices.html
Contact with National Commission of Values of the Republic of Panama http://www.conaval.gob.pa and you will find the true 🙂
http://www.hyip.com/forum/topic?id=7725
Here are all the individuals who are having issues with stoic.
Replyoops, it appears that some people tried to visit their “office” in London and couldn’t fit inside the mailbox 🙂
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hi guys,
our money invested still can’t be located by Stoic-capital employee. they said that they are manually processing lots of investments that came in with problems, and because of the popular demand, they extended the Easter Egg until May 31.
i hope we can find our money in the system soon.
do you know of some people of the same problems?
celine
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Dear Celine I got the same problem but now I have in my account successfully
Replythanks God, your account is OK now, we are still waiting for them to straighten our account.
celine
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what about this hyip ‘stoic’. any other person (apart from Daniel and his colleagues) that have receive his/her payment in good time should let me know. Post your proofs please, no bad-mouthing.
ReplyHey Martin, no wonder this page got the 2nd ranking on Google. The dslreports scambusting thread has linked back to here.
Here’s a April 24th update on Stoic Capital scam:
http://www.dslreports.com/forum/remark,22288294?hilite=stoic
The entire thread:
http://www.dslreports.com/forum/r19620593-Ebook-websites-fraud-charges-DevbillDigitalAgePluto
Thanks for the link. The DSL report makes for fascinating reading. How they operate the credit card fraud, etc.
ReplyThis page is now 2nd on Google if you search for “Stoic Capital”. Thanks to the shills.
ReplyIt doesn’t matter now as it appears that Stoic has stopped paying.
The convention, as expected, was just a decoy.
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I happen to be an investor with Stoic.. Although I have been paid more than I put in, I have not been paid for a month now. Stoic is done….do not invest with Stoic.
Replyhi Everyone,
just wondering if your deposit for easter egg went through nicely and did not have problem like ours? we invested few thousands of dollars and it appeared pending for 2 days now. they did not reply to our emails, is the website having problems? how do you contact their customer support?
please help and reply asap
celine
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I know they have problems with Liberty reserve
I have deposited with Perfect money and was good, I had my money in my account in seconds
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Just to let you all know I finally am giving up on blogging on here because I am not wanting waste my valuable time reasoning with you why Stoic is not a scam. I have posted alot of reliable information whether you believe my information or not thats up to you. Also none you have really gotten to me about Stoic being a scam or anything of that sort. Its just that if you want to be ignorant stupid and blasting wrong information about a company I can’t stop you. The people on here that are saying the wrong information will eventually wise up and realize that they are a bunch of fools wasting their time. For the ones that are with Stoic I wish you well and happy investing. I hope everyone realizes there is always going to be someone out there trashing something or bad-mouthing just because they aren’t happy with themselves but in the long run they really aren’t hurting anyone but then selves. God bless and God Speed.
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Daniel,
Can you go to hyip.com and present your views. I think your findings are very resourceful and rich. We can certainly learn a lot from your findings.
Lee
ReplySummary of Stoic Capital / Liberty Reserve fraud.
Stoic Capital uses same scam template as 7 or more other websites:
http://www.google.com.sg/search?q=First+and+foremost%2C+our+primary+mission+emulates+perfectly+the+underlying+axiom+that+grounds+every+commitment&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
Stoic Capital uses the same legal address and physical address as dubious businesses or past fraud operations. Their physical address is nothing more than a mailbox. Stoic Capital tells people, very plainly on their website, not to go down to their office.
http://www.dslreports.com/speak/print/default;22118625
Unlike real hedge funds, Stoic Capital, along with Liberty Reserve hide their WHOIS identities. Would you deal with a company who uses Domainsbyproxy to hide their identities and addresses?
http://www.networksolutions.com/whois-search/libertyreserve.com
http://www.networksolutions.com/whois-search/stoic-capital.com
Stoic Capital’s e-currency partner, Liberty Reserve is founded and run by fraudsters, with offices and operations in countries with dubious legislation. LR was recently “hacked” (haha) and money in accounts with large balances disappeared. Just like the American mule, LR says not to believe the news on blogs or other sites, and account holders should only trust the news on their own LR blog/site. Right, trust the fraudster. “Trust me, I don’t steal monies!”
http://www.ecommerce-journal.com/news/11437_lr
http://www.ecommerce-journal.com/articles/13629_libertyreserve_is_down_for_maintenance_users_are_in_panic_whats_going_on
http://libertyreserve-recovery.blogspot.com/
An example of an investment scheme, aka fraud, that’s similar to Stioc Capital is the now defunct largesum.com. It’s gone now, money all gone into eastern europe crooks’ pockets.
http://www.talkgold.com/forum/r146172-.html
You could disregard all the evidence in this post, and believe the American accomplice’s “evidence” of Trust Me, It Works! It’s your money, after all. If the American mule has any shred of intelligence, he/she would have realised this blog’s target audience is NOT Americans, thus there was never any need for him/her to post any rebuttal here. The blog owner appreciates the increased Google ranking 🙂
This whole thing screams fraud and money laundering. The American didn’t really get USD $2mil from the hedge fund. The only people who received that kind of money are the crooks higher up the syndicate hierarchy, and they’re located in countries with dubious anti-money laundering laws and legislation, way out of reach of any foreign jurisdiction.
ReplySame as Stoic-Capital.com, these Liberty Reserve fraudsters are using Domainbyproxy.com to hide their true identities and addresses.
http://www.networksolutions.com/whois-search/libertyreserve.com
http://www.networksolutions.com/whois-search/stoic-capital.com
No need for a farewell party, folks. The fraudsters will just set up more e-currency sites and hyip scams and their operations will be back up and running.
ReplyMore dirt on Liberty Reserve which supposedly went down and had money stolen by hackers. For a site founded and run by fraudsters, you’ve to wonder did the money really end up in some “hackers”‘ hands?
These people lost money from their LR accounts, LR refused refund, then they proceeded to dig out lots of dirt on the LR team.
http://libertyreserve-recovery.blogspot.com/
Stoic Capital sharing same address as past scam operations? Check.
Liberty Reserve sharing same adderss as past scam operations? Check.
In Ukraine, which these fraudsters are likely to be based in, the authorities CANNOT arrest them if there are no local Ukraine victims.
In the USA, the mule can and will be arrested by authorities, no doubt the USA victims will kick up a big fuss.
ReplyLOL. Now we have 2 possible parties to the entire operation where money can be siphoned.
http://www.ecommerce-journal.com/news/11437_lr
http://www.ecommerce-journal.com/articles/13629_libertyreserve_is_down_for_maintenance_users_are_in_panic_whats_going_on
It seems like Liberty Reserve, the e-currency service that Stoic Capital fraud is using, also has a habit of having the same address as past scam operations.
ReplyHere is a copy of an email sent to me by SIBA:
Dear Mr. xxxxxxxxxx,
I represent Seychelles International Business Authority ( SIBA ).
I recieved your recent inquiry about Stoic-Capital Management, Inc.. Our Agency has done a company search of that company and has found the following:
1. Stoic-Capital Management, Inc. is regulated and licensed under SIBA.
2. Stoic-Capital Management, Inc. is registered with Intershore Consult Ltd, located in Seychelles.
3. Stoic-Capital Management, Inc. is frequently audited as per our Mutual Fund and Hedge Fund Act of 2008 requires.
4. Stoic-Capital Management, Inc. is under no current legal investigation and from our Agency’s frequent audits has performed any illegal activities.
We will be sending you a certified copy of their certificate with apostille as requested by you. I hope you find it useful and please do not hesitate should you require further information or clarification thereof.
Regards,
Lisa Lautoy
Assistant Head of Corporate & Customer Services
Seychelles International Business Authority
E: [email protected]
T: +248 380800
F:: +248 380888
W: http://www.siba.net
IMPOSSIBLE. THEY SENT ME THIS DOCUMENT IBC Search Doc AND THEY DO NOT DO COMPANY SEARCH FREE OF COST, DON’T FOOL PEOPLE OVER HERE OK?
I CAUTION, THIS DANIEL IS A SCAMMER, A CON ARTIST, BEWARE
ACC 2 HIM GOVT OF BELIZE IS A FOOL, GOVT OF SEYCHELLES IS ALSO A FOOL
AND BTW WHAT IF IT’S REGISTERED ALSO? YOU THINK TO REGISTER THIS OFFSHORE COMPANIES IS VERY HARD? LOL $500-800 BUCKS AND YOU ARE THROUGH, JUST GOOGLE ‘CHEAP OFFSHORE REGISTRATIONS’
ReplyAll the people, if you don’t believe me, go to their website http://www.siba.net/index.php?s=contactfeedback and write an email requesting the company check of Stoic Capital and they would not send the letter which Daniel above have shown, they will send you this document IBC Search Doc , this Daniel is a con artist and have written that letter by himself and rightly he just proved it, he is so stupid he didnt even thought once that we can email SIBA ourselves also and ask for the documents but then they wouldnt send the kind of letter he wrote above, all Dog has its Day and Daniel Dog your Day is toDay, you are a DUD
Hey Daniel reply man, where have you gone LOL write one more essay now, big one, let me see how you put more doubts in people’s minds
ReplyVilo,
First of all the information I requested I paid the $100 for a copy of their certificate and document findings. I did not write that letter it was emailed to me after confirmation from SIBA. Second of all your right you do have to pay for a company search from SIBA but I also got the same information from Phillipe Bouille who is an Intershore Consult advisor and a liason to SIBA. So it was free of cost to me. I guesss took a different route than you did as far as getting the information. Either way its the same information.
Actually, this blog’s target audience is Singapore, not anywhere else. If he had any intelligence, he’d have figured that out and not posted anything here in the first place.
ReplyStoic has stopped all payments and have kept them for verification. Don’t know what will happen and how much they will suck people’s last buck also
ReplyStoic hasn’t stopped all payments. They are enacting their right and going according to international laws to prevent money laundering from happening. They are doing random verifications and extreme amount verifications to protect the investor and the company.
ReplyMost the people here do not are investors and it s hard for them to believe how easy it is to make money, they only believe money is a earning for hard work, but my experience of life show me , money make money and not hard work
it is risky? I say it is , but if you do not risk nothing you will never lost or win nothing
Daniel I am from Portugal and I speak portugese, french and a litle english
I `de love speak with you in private, please if you can add my msn
Daniel dont waste your valuable time here explaining to these people, they are ignorant on the subject, happy investing peace.
ReplyOkay everyone, to give some assurance about Stoic not being a scam they are holding their annual congress meeting where it is open to the public. It will be held on May 24th til the 29th. They provide three different locations around the world to seperate the regions: ASIA, EUROPE, and AMERICA. In Asia they will in Singapore. In Europe they will be in Sorrento, Italy. And in the United States they will be in Grapevine, Texas. As for the one in the United States you will be able to meet and greet with Neil Kerry, which is the co-founder of Stoic. You can find out about how to get into that conference by going to Stoic’s website and click on the 2009 Annual Congress tab. I am sure they would be able to answer all your questions and concerns about how Stoic operates. Now I have never seen a ponzi scam welcome the public to come see how their operation works. To me, if I was trying to commit fraud I would be discreet as possible in order to not get caught. That is just a food for thought for all of you non-Stoic believers out there.
ReplyHow much you get for puking the shits on forums? pay per post? $10 per 100 posts?
just curious…
ReplyVilo,
I don’t get paid anything for any of the responses that I post. My mission in most of these forums is to provide correct and reliable information about investment programs and services. Now if something was a scam, yes I would admit it right away and tell people either about my experiences or my findings on that particular subject. I rather hav someone be informed with the right information than the wrong information. Face it, we are all on here to find better investment opprutunities and services. People that are misinformed or misguided are the ones less likely to profit successfully in this investment world. Now everyoone is entitled to your opinion but don’t cloud your judgement by someone else telling you that something is a scam even if the only evidence that they have is unreliable and not justifiable. You must decide for yourself whether or not it is scam but the way that you should do that is by weighing the evidence and facts and not by just word of mouth.
i swear to God on 2 accounts:
1) I have never called Daniel a fraudster.
2) Stoic Capital is plain fraud and a travesty to the American Dream.
ReplyEast Europe Fraud,
Okay, I will go along with you on this, but here’s the deal if you want me to be a believer in Stoic commiting fraud or running a scam, show me your reliable evidence. Otherwise, your just another talker that can’t prove anything. Do you honestly think people are going to believe Stoic is a scam just by your word of mouth alone? You need evidence to prove that Stoic is doing something. Believe me, I don’t trust what anyone says until they evidence backing up what they are saying. I am sure most of the people on here are just the same. Can you also tell me why you so strongly believe that Stoic is a scam or is defrauding people?
You want to say Government of Belize is stupid? Stoic’s is registered through ‘Intershore’ and ‘Intershore’ is registered with IFSC. Omtron Limited was Stoic’s exchanger initially, all knows this. So IFSC’s warning is fully justified, whats wrong with you?
Don’t ask a Government to prove something, and plz can you talk little less plz? you don’t think if you write essays, truth will get changed.
You don’t try to decrease the creditibility of any person or Government just for the sake of an investment programme who has only 0.0000000000000000000000000000000000000000000000000000001(10000000*10000nth)% chance of success ok?
ReplyVilo,
Don’t confuse IFSC’s Intershore Ltd. with Intershore Consult. They are two different companies. Intershore Consult has offices all over the world which Stoic is fully licensed and registered through them. Intershore Consult has no ties nor relations to Intershore Ltd. just like Stoic-Capital has no ties nor relations to Stoic Real Estate or the Stoic Foundation. Intershore Consult’s main headquarters are out of Seychelles which the IFSC has no bearing or jurisdiction on.
Vilo,
I also want to add something else. Omtron is no longer an exchanger with Stoic. Stoic does provide other exchangers. If you are saying that because Stoic used Omtron that they must be criminal. Well look at e-buillion and e-gold both of those exchangers are under heavy investigation right now, which is common knowledge just to let you know, and many investment programs and investment services that are very legititamate have used them in the past so I bet you are going to say that the NYSE is criminal since at one time they used e-gold to process payments. You can’t just go off of one exchangers criminal activities and base it off of an investment program or service that only used them for a short amount of time. If that was the case then all the investment services and programs in this world would not have any investors and the world economy would be in complete shambles.
won’t be too long before this page hits 1st in google, thanks to fraudster turning tables on himself.
Fraudster attempting to teach manners. Let me see, how often has this happened? How about…every single time?
ReplyEast Europe Fraud,
I am not a fraudster, for your information I am a private investor that invests into many different investment programs. The only reason why I saying that you need to have some degree of manners in talking on this blog forum is that to me you are sounding like a complete fool and are very unprofessional. Honestly, I bet some of the rest of these bloggers would probably agree with me on that even though thats all that they would agree on what I am saying. To me, you still haven’t given any real shred of evidence that Stoic has done anything wrong.
Oh yeah, now I get why Stoic isn’t a flat out fraud.
You see, no authorites have said anything. Therefore Stoic is perfectly legit. It’s ok to put in money into Stoic now. You just shouldn’t put in any money after authorities shut down Stoic. Stoic is not harmful before the authorities shout fraud, it’s only harmful afterwards. Therefore, you should put in money NOW, before the authorities do anything
You see, before the Surgeon-General put the health warning on cigarette boxes, smoking is perfectly ok for your health. It was only after the SG put the warning that smoking STARTED to cause cancer. If you had only smoked before the boxes had the warning, you’d NOT contract cancer.
How could I be so stupid?
ReplyEast Europe Fraud,
SIBA regualtes Stoic. If you haven’t read my earlier blogs about SIBA, you should, because you will find that SIBA is very strict on their policies on how a hedge fund is operated and run. SIBA has to follow under the Mutual Fund and Hedge Fund Act of 2008 which has very strict guidelines and punishable offenses. Also SIBA constantly audits Stoic to make sure that Stoic is running a legal business. You can shout fraud and scam all you like but honestly it will not help your case out any til you can prove otherwise with hard core evidence stating that Stoic has either scamed or defrauded someone. And I am telling you if everyone goes off of the what will be, meaning speaking in future tense, then this world would be a world of hurt. People for years feared that Y2K was going to be the end of the world and look at the world now, we are still going head strong and still surviving.
East Europe Fraud,
I think your major problem is, is that you just want to bad-mouth something to give you something to do because honestly you can’t prove one dang thing that Stoic is commiting fraud or scamming anyone. All your evidence that you have provided is not even reliable. For all we know, you work for some other investment company trying lure people into your company so you can profit off of them. Either that, or your just someone that is trying to start a blog war trashing and bad-mouthing a company that either do not understand or care to not actually research it properly. Well to tell you the truth if all you have is the dls reports as your evidence you have already lost the war and arguement on that. Just like in court, you have the burden of proof, meaning you will have to prove that Stoic is a scam.
poor american mule
previously unemployed
wife and children left
found job opportunity of lifetime
or so he thought
defrauding innocent of their monies
claims to have 2 million dollars
lives in slum
no ferrari nor lamborghini
with only a fraudster label to his name
best of all
no stoic capital documentation in sight
In God We Trust, In Stoic We Don’t.
ReplyLioninvestor,
I am not understanding who you are talking to nor am I understanding what concrete proof you are looking for. Can you rephrase your question and be specific on what part are you needing concrete proof on. Thank you!
Dan
Replythat’s strange,
googling “456-458 Strand fraud” or “456-458 Strand scam” shows nothing but fraud all over?
googling “stoic capital” brings up this page at 6th position. All thanks to scammer turning the tables against himself. Make this 1st in Google.
I guess there’s no other evidence to prove Stoic isn’t a law-hedged fund, other than the “It works, trust me!” nonsense again.
ReplyEast Europe Fraud,
That same page that says fraud is the same page that you copied and pasted for the dls reports. As I have said before, that site can not be trusted since it is not regulated by any countrie’s governement agency and since anyone can post blogs and comments on that page, just the same as this way that you and I are conversing on right now. If I wanted to, I could have said on this blog that I am Warren Buffet and that I approve of Stoic, but I didn’t. That how easy the dls reports forum can not be trusted since anyone and everyone can blog on them.
I’ll ask the fraudsters this question again
If authorities want to arrest Microsoft people, they go to 1 Microsoft Way, Redmond WA.
If authorities want to arrest Apple people, they go to 1 Infinite Loop, Cupertino CA.
If authorities want to arrest the puny Stoic scumbag mule, where do they go to! List out Stoic’s corporate office.
ReplyEast Europe Fraud,
I am not sure it Lioninvestor, aka Martin Lee, moderates this site but I think you need to refrain from using profanity and be professional about what you say because right now you seem to be making a fool of yourself and your creditbility is going downhill with what you are saying. I’m sorry if this offends you, but to me how can you make a case with being rude and disrespectful about others. I understand these are your feelings about Stoic, but be polite and respectful of how and what you say. Think of it this way, if you were trying to put Stoic on trial in a court of law do you think that they would allow that kind of attitude and language in the court room. The answer is no.
WARNING TO ALL:
No Stoic supporter has attempted to answer why every single attempt to find out these people’s identities are met with obstacles or why Stoic is doing everything possible to keep their identities hidden. Their only ad nausem bullshit revolves around “Trust me, it works!”
In the event of unhappiness over Stoic matters, there is no office for you to stage a protest. Their “corporate office” at 456-458 is merely a MAILBOX. Good luck holding placards and shouting slogans to a mailbox.
If these people trying to prop up Stoic actually had any intelligence, they’d know that posting more nonsense will merely increase this page’s ranking in Google. You might want to add the word “Criminal” to your resume now. You’d have to add in sooner or later anyway.
Those who claim to be earning big bucks from Stoic’s super hedged fund (hedged against law enforcement, that is), provide a SCANNED copy of any letter that Stoic has sent to your home. You may blank out or censor your own name or adderss. Just provide all names and addresses of parties involved in this entire hedge fund.
I’ll bet you $10 that the only reply to this will be “Trust me, it works!” or “I’m an old man with no idea how to Xerox!”
Such a scene occurs with worryingly high frequency before all scams fall apart.
I repeat: Stoic is NOT a ponzi. It is pure FRAUD, plain and simple.
ReplyEast Europe Fraud,
You can visit Stoic at their annual congress and talk to the people that are involved with running Stoic face to face. It is open to the public believe it or not and they really have nothing to hide. They do have a physical address you can also visit but arranging a meeting is very hard. Think of it this way, what if you want to arrange a meeting with someone with AIG or NYSE, I can gurantee you that it would take forever since those people that work for those two companies since they are very busy and generally working overtime. This is not a post office box by no means, I have even googled that address and found that that address is an office building. Here is the correct address if you haven’t gotten it yet. 129 Suite, Golden Cross House,
456-458 Strand, Westminster, London, United Kingdom, WC2R 0DZ
tag words:
stoic capital fraud scam russian
american mule runner
preys on gullible
identity obfuscation
pepetual liar
ReplyI’ll be waiting for the Youtube video of fraudster being brought away in cuffs and his/her family’s tears rolling down their cheeks. That’ll be worth a watch.
ReplyWell, people are already not getting paid. Those who are getting paid are those who put in very small amounts of money.
http://www.hyip.com/forum/topic?id=7725
Stoic are not able to keep up with their promised returns. The kind of returns they promise beat the best hedge funds in the world by a few hundred times.
Even in good times, the best hedge funds in the world can only give 40+% on an annual basis.
2% compounded daily for 180 days gives about 3500% return. If this kind of returns is possible, they won’t even need to tap any funds from public investors. Given that they payout 2% to investors, that means they have to generate even a higher return to make it worthwhile.
And since they claim to have $10 million in startup capital, they can easily grow it by themselves using their trading. This is how it will grow at 2% compounded daily:
End of 1st year – $350 million
2nd year – $12 billion
3rd year – $428 billion
4th year – $15,000 billion
the supporters of Stoic must have learnt a thing or two from our 154th. Intentionally concluding that others have no evidence in order to mislead new readers. Evidence has already been provided to show that Stoic is not even a Ponzi, it’s flat out fraud. Any new reader here who clicks the dslreports link above will realise that these scammers already have fraud operations involving high volume and small dollar amounts.
Admins of fraud website and your friend:. If you don’t end up being credited with running a successful “hedge fund” (LOL!) website, at least you can be a Youtube star. When your neighbours film you being arrested in front of your family, that is.
ReplyEast europe fraud,
Here is the thing, the dls reports are not a valuable source since they are just like this blog. Their website allows people to blog on their site that have no reputable experience with hedge funds. The only way the dls reports would be a valuable source is if it is provided by a country’s government like the ITC or SIBA. Otherwise its just really word of mouth from other people that have no legal standing in trading or investments.
The Stoic website for that matter is just another site. It can write or claim whatever they want on their site.
It would take less than a day to create a site like that.
ReplyLioninvestor,
That is very true. Websites can be built in a day or torn down in a day. Just to let you know Stoic gets audited by SIBA all the time to provide that they are performing legitiamate business. If SIBA allowed for Stoic to commit fraud or allow them to run a scam they would be investigated by Seychelles and the British Commonwealth governements.
hmm I wonder how long is the jail term for perpetuating fraud in the USA or UK?
Oh wait, I don’t care. Neither does the fraud kingpin and his close cronies.
ReplyTrust me, the investment works! Even though we’re trying our darnest best to hide our true identities and our true address (if an office even exists), our Stoic investment is for real!
That’s all the evidence in the world to prove beyond reasonable doubt that Stoic is not trying to fool anyone–> “Trust me, it works.”
The fraud kingpin must be getting stitches laughing at this. Let me guess, the mules have never met him before. LOL. And they never will with that small window they have in jail cells. While the mule rots in a lonely pigeon hole in Guantanamo, which he/she will no doubt end up in, the Russian kingpin will be enjoying himself in a 10,000 sqft bungalow, far away from any foreign jurisdiction.
ReplyEast Europe Fraud,
I must correct you once again since you have no clue about the law. President Obama, the Uniteds States president, has stated that Guantanamo Bay will no longer be a prison facility.
Vilo,
I am still waiting for the IFSC to actually confirm why they are saying that about Stoic. But I will tell you this though the IFSC has really no jurisdictation nor can really post a warning against Stoic since they are not governed nor regulated by them. I would urge you to talk to SIBA which you will find their website on an earlier post that I posted. SIBA would be the ones to issue a a warning for the site being a scam or commiting fraud. The reason why I state that is because if the IFSC was to post a warning for the NYSE being a scam or commiting fraud would believe them or would you believe the United States Government who actually regulates them. To me, I would believe the United States government especially since they have better resources to investigate them since the NYSE resides in the US. Also, to me, I think it makes perfect sense for where the country that the investment company came from to acutally be investigating them as well as post a warning. So my question that I am waiting for is why is the IFSC posting a warning when they have no right nor jurisdiction for them.
Lioninvestor,
Since you want to put the hyip.com forum site up there as your evidence to prove that Stoic isn’t paying, I think you will have to do better than that. I have read each and everyone of those comments, the ones that haven’t got paid were going through a verification process to make sure that the investor is who they say they are. Its Stoic’s way of providing a sense of security for their investors. Sometimes they do random verifications and they also request verification for an extreme amount of money. If you read further about each person that hasn’t got due to them verifying has already been paid. Also here is another link to that same site but with an interview with Neil Kerry, who is the co-founder of Stoic. http://www.hyip.com/profile/blog_post?post=9532
Hyip.com and its members have said nothing but good news about Stoic, just to let you know.
ReplyAll reputable financial institutions around the world will verify your identity before they even allow you to do business with them.
The verification by Stoic is just a delaying tactic, you can read that those people with big amounts invested are being frozen out.
Daniel, which country are you from?
ReplyLioninvestor,
That is very untrue about reputable financial institutions verfying your identity before doing business with them. I opened a Bank of America bank account without any verifying documents. I have read those comments about big amounts have been frozen which Stoic only did to protect the investor and the Stoic company itself. The reason why Stoic did that to protect the company is to verify that the investor is not money laudering as well as to make sure that the investor can not be connected to organized crime or financing terrosit activities. Now the reason to freeze the acct in order to prove that the investor is who say is to protect the investor, is to make sure the investor’s identity has not been stolen as well as to make sure that the investor’s computer hasn’t been hacked. Everyday people that you use their computer and the internet to do their personal finances someones’ computer gets hacked, so Stoic has provided an extra step by providing verification to make sure the hacker is trying to pretend that he is the investor to gain access to the money. I am from the United States.
Daniel Barnhart,
Are you saying that the BOA allows you to open an account without even checking your ID?
ReplyLioninvestor,
Yes, all you need is a United States Social Security number which anyone can get if they know the right people. I actually opened up the account yesterday as a matter of fact. Go to their website. http://www.bankofamerica.com and go to enroll into their online banking. I am telling you, it is very easy to get a bank account with them online.
They’re all from the USA.
And they do not know that increased activity here will increase this page’s Google ranking.
Reply
My thoughts again :
– I do invest in Stoic and I’m not affiliated with this company as some of you think as soon as you see positive comment
– When some of you think it’s scam you basically do not provide any evidence or proof except the fact that you “don’t understand how it’s possible”, I don’t see any logic here
– Dan sounds very professional and looks like he did great DD before and during his investments and it’s really very appreciated. Sorry to say that, but contr-arguments like “you do so good, so you’re admin of stoic” looks simply stupid.
– thanks to lion, his ridiculous comments actually made me to invest in this program and while others screaming and yelling I’m earning and this is the fact, I do get money!
ReplyAnnel,
Your are so right. Most people that post negative comments on here about Stoic have no evidence besides word of mouth, which to me is not good enough. Your also right about them trying to think I work for Stoic. I have never worked for them at all but as I have the people here I am just a private investor that is defending in what I believe in. When I refute an argument I try to provide evidence and facts. Lioninvestor and some of these other people provide absolutely no shread of evidence proving this is a scam. Annel, one thing that you and I must realize is, that when we become very wealthy or well off from Stoic, all these other people on here are not profiting on here, so we can just sit back at laugh them. We can also gloat!!! 🙂
I left out:
anyone who violently defends a scam website may not be the scammer him/herself. Could also be a mule who’s tasked with setting up a scam website, with a provided template and told to defend the site against all negative opinion. He/she probably belives that the business is legit and merely defending his/her own commission from each “sale”. Such people are recruited using online recruitment ads. When authorities bust through the mule’s door, all he can do is point to the recruitment agency. Your guess as to whether the recruitment agency is another layer of identity obscuration?
The entire operation is much more advanced and complex than Sunshine Empire. These scammers are not stupid, they’re extremely intelligent. Beware!
ReplyThe modus operandi is always the same. Character assasination of anyone who tried to dissuade people from investing. When shit goes down, all that’s left are investors whining about lost money. “Supporters” of the plan disappear completely.
As pointed out, their legal address of “306 Victoria House, Victoria, Mahe, Seychelles” is shared by many companies.
Their physical address of “456-458 Strand, Westminster” shared by a few companies too! Having some experience with UK addresses, I’d reckon the address is missing a Suite number. Who knows whether your letter to this address will end up in the trashbin.
Just google the addresses for more info.
A WHOIS search for “stoic-capital.com” turns out that the owner of this domain has his identity hidden using DomainsByProxy:
http://domainsbyproxy.com/
http://www.networksolutions.com/whois-search/stoic-capital.com
Any legit company like Apple, Microsoft or Walmart would have their corporate office listed under WHOIS.
Scams like this Stoic, and most advanced credit card fraud operate under multiple layers of identity obscuration. Already pointed out are 3 layers: WHOIS, legal address and physical address. The only purpose of doing this? To make things incredibly difficult for anyone or any authorities to find out the identity of the scam kingpin. Obstacles every step of the way.
I’m willing to bet the person who registered stoic-capital.com is merely a mule/runner who collects a small percentage of every “investment” and is unaware of the entire fraud.
ReplyHi east_europe_fraud,
Good job on the link. For those who missed it, please visit this site:
http://www.dslreports.com/speak/print/default;22118625
Replythanks, Martin.
the entire thread is here, which apart from busting HYIP’s false promises, also includes very long information about sophisticated credit card scam:
http://www.dslreports.com/forum/r19620593-Ebook-websites-fraud-charges-DevbillDigitalAgePluto~start=720
People want to have a choice whether to give their money to hungry kids at orphanages or fat cat Russian scum. Just let them be.
ReplyDaniel,
I’m not from the financial community and I’m curious regarding the following:
“Everytime you invest with Stoic your principal amount is deposited in a bank with a zero coupon bond in your name under the Stoic Corporate Account which is located in Seychelles. The bond is guranteed up to $10 million USD by the bank itself. Your principal will always be guranteed.”
If the principal is deposited in a bank, doesn’t that then tie up the principal with only the returns from the zero coupon bonds?. Also, do you know what is the value of the principal that is deposited that is being guaranteed $10 million by the bank itself?.
Rgds,
Jack,
I know the principal value is the value of what you actually deposited but if the principal value is over $10 million, the bank will only gurantee your principal back to you up to $10 million. I reccommend if you use Stoic don’t exceed an extremely high amount but use a smaller amount like between $10-$1,000. Most people like to be greedy and start with an extreme amount of money. In any investment program including IRA and CD you can easily upset the market value by getting greedy. I would also say that it doesn’t tie up the principal and the returns with a zero coupon bond. The reason why I say that is think of it this way when you deposit money into a money market account like for example the NYSE, a bank has to gurantee the money, meaning that the bank has to protect it. I have frequently traded on Wall Street and everytime I trade I have to deposit money into a bank account with Chase Manhattan. To give you what an exact definition of a zero coupon bond is here is a link to wikipedia: http://en.wikipedia.org/wiki/Zero-coupon_bond Now it is hard to describe how Stoic uses the zero coupon bond as each investment program is different. Some have used it as collateral meaning you borrow money from a bank or the company that runs the investment program, which some brokers and investment programs do for you. Others may use the bond as like real money and invest it into a fund or stock in your name. But of course there many other ways they use it. The good news is that your principal will always be given back especially with Stoic since they use banks like Merril Lynch and Credit Suisse ( I got that information from their website under About Us with the sub tab Capital Gurantee ). I hopes this helps!
Best Regards,
Dan
ReplyI also wanted to say you can find under the sub tab Principles as well for a few of the banks they use as well on the Stoic website
ReplyAre you the ADMIN of Stoic Capital? Coz the way you are defending Stoic, it sounds like you are, as nobody can be so sure about an HYIP anywhere any planet
ReplyVilo,
I don’t work Stoic, I just have strong beliefs in them. I was taught when I was younger that if there is something that I believe in to stand up for it. Everyone for some reason on here thinks I work for Stoic, which is totally wrong. I think everyone needs to realize I am a private citizen that has something on mind to say. The only reason why I am standing up for Stoic as well is the fact that Mr. Lee also know as Lioninvestor has not provided any proof that Stoic is a scam and has provided the whole truth about Stoic on here, so I felt that I needed to set the record straight instead of letting his readers being mislead and misinformed. I do, however, am a private investor with Stoic though.
Daniel,
I don’t quite follow this discussion about the principal being deposited into zero coupons and then digressing into money market funds in Wall Street. I am also investing in wall street and I have some money parked in MMF that returns me low single digit percentages in a YEAR (not daily).
Actually, I don’t need such huge returns like turning over 100K into 3.5M over a year.
All I need is someone to legally guarantee me under certain conditions that if I put 100K, I will get 200K (I can consider lower counter offers) at the end of one year.
Rgds,
Jack,
I was just trying to make a comparison and an explanation of how the zero coupon bond is used. On Wall Street many investment programs and services use the zero coupon bond. Anyways, I can’t legally gurantee you anything, as nothing in this world is ever a gurantee, but I can show you results and facts proving that Stoic is working very well. When I said “Gurantee” in an earlier post, I meant that I can provide you with facts and evidence saying that they work. I cannot prove that they are ever going to go out of business since that no one can actually provide that gurantee. Just look at AIG and some of these other major investment and trading companies they guranteed to their investors that they weren’t going out of business but they did. But by no means am I saying not to invest with Stoic, I am saying just remember no one can give you a gurantee of them not going out out of business. I can gurantee you though you can very much profit off of Stoic without losing any principal.
let me correct that I can promise you results with Stoic instead of gurantee.
ReplyDaniel,
I refer to your reply dated April 17, 2009 at 10.06pm.
“I can provide you with all the facts and gurantee you that its not a scam but I can’t make you invest.”
What do you mean by ‘gurantee’?
Rgds,
ReplyJack,
What I meant by gurantee is that I tested out Stoic myself and as private citizen I would reccommend Stoic to anyone and everyone that wants to make a sizable profit. Lioninvestor is has been cooking up this idea for sometime about Stoic being a ponzi scam, which to me obivously he has tried Stoic. I am not trying to be disrespectful to anyone on this note but when people talk about something that they have no clue or idea about it really gets under my skin. Lioninvestor may have chatted to one of the live chat operators with Stoic but honestly hasn’t proved to anyone yet that this really is a scam. He keep saying it is, but when other Stoic members have been making sizable profits including new ones he keeps coming up with a new excuse on why not to invest. Investing into anything is always risky, sometimes just as risky as gambling at a casino. To let you know you there aren’t very many hedge funds in this world that turn out to be scams. Now there are a few out there like what Bernie Madoff did that became a scam down the road, but like I said before investing is a very risky business. When you invest into an IRA or CD you can easily lose money in that off of the fluxation of the economy. Now Stoic is more of a gurantee hedge fund since your principal amount is backed by a zero coupon bond which gurantees you will get your principal back if for some reason Stoic does ” Corporate Suicide” meaning if they ever go out of business which is unlikey since they are projecting 12,000 members by mid-may at their Congress.
Best regards,
Dan
You decide whether something is a scam by looking at the company and the product structure, not whether you are an investor or not.
What zero coupon bond are you talking about? Who provides the guarantee?
Stoic isn’t even regulated.
ReplyLioninvestor,
Everytime you invest with Stoic your principal amount is deposited in a bank with a zero coupon bond in your name under the Stoic Corporate Account which is located in Seychelles. The bond is guranteed up to $10 million USD by the bank itself. Your principal will always be guranteed. I am not sure where you are from Lioninvestor but in the United States if you deposit money into your bank it is insured with the FDIC up to $250,000 USD, meaning if the bank goes out of business or suffers a tramatic loss due to acts of God or by a hacker your deposit will be reimbursed up to $250,000 USD by the either the bank or the federal governemnt. The same goes with Stoic. Each time an investment is made it, the bank or financial institution at the time of the investment which Stoic uses will gurantee or insure your principal amount up to $10 million USD. Your wrong about Stoic not being regulated too. Stoic is regulated as I stated in an earlier post by the International Business Companies Act ( IBCA ) and by the International Trade Commision ( ITC ). Also as I stated before please do your research because you could have easily mislead someone by saying that Stoic is not regulated which is very not true.
Best regards,
Dan
ReplyWho issues the zero coupon bond? What is their credit rating? Which bank holds the assets? Who is the custodian? Which federal government provides the guarantee?
Stoic is not even based in the US.
If your funds are invested in zero coupon bonds, how do they deploy it elsewhere to generate the investment returns?
ReplyOkay the proof that Stoic is regulated with the IBCA is on the Stoic’s website which shows the documents as well as if you write IBCA they would send a confirmation letter stating that Stoic is regualted by them as well as the same for the ITC. Lioninvestor there are several banks that Stoic uses for the zero coupon bonds. Each one has its own credit rating. The British Commonwealth is the federal governemnt that regualtes it which is also stated on the website. Stoic may not be based in the United States but they do however have a US representative in San Francisco who also is a client of Stoic as well. Glenn Miller, which is the US representative, is a CPA who also runs his own firm and quite affiliated with Stoic. I am not sure what you mean by how they generate the investment returns, so if you can elaborate on that, I might be answer you a little bit better.
ReplyWell say full, its ‘IBCA, Republic of Seychelles’
Well, I contacted them, their website is http://www.siba.net – and they ask for some $500 dollars for confirmation
Can you say me what is ITC?
You read Government of Belize IFSC WARNING NOTICE for stoic capital? plz read ‘Cain’ post above
ReplyI want to make a correction, when I said Lioninvestor has obviously tried Stoic, I meant he has not tried Stoic. Sorry about the confusion.
Dan
ReplyZed,
ITC stands for International Trade Commission. I did read Cain’s post and looked at the website. Some countries do have laws to where you can’t do international trading or offshore investing with certain companies. The US is one of those countries, in certain companies like banks in the Caymans, Americans can not trade or have numerous bank accounts with some of those companies and banks for reasons of avoiding tax laws. I am not sure what the real reason is with Belize for posting that warning as I am waiting for more information from them on this. But if I would have to guess it has to do with double taxation laws meaning that Stoic probably told them that Belize could not attach a tax for the investment since it has already been taxed with Seychelles. I do, however, have confirmation from SIBA that they do regulate Stoic and that they have not found any illegal activities with them. I am not sure why they would charge you $500 for that information when I got it for free.
Best Regards,
Dan
ReplyWhere are all comments? You delete them now? interesting…
what make you hate this fund so much, something personal?
Annel,
Comments are still around.
I have nothing personal against the fund, just warning people about a ponzi.
ReplyAnnel,
I believe Lioninvestor also known as Martin Lee, is trying to persuade you away from Stoic since Stoic isn’t affiliated with the Promiseland Corp. , the company that he works for. I have seen his kind before in numerous other investment programs. There goal is to persuade you away from Corporate Investment programs like Stoic and eventually lure you into their services. It happens all the time. When an investment program like Stoic is doing so well other investment programs and investment services get scared that their jobs are going to get taken away or their businesses get down-sized. So they start bad-mouthing the competitor saying that its a scam or its illegal. Its like in the United States when two different people are running for president of the United States, they show advertising campaigns that bad-mouth the other to win votes. I am not saying that Stoic is good nor bad because I would be doing the same thing as what Lioninvestor is doing. Instead I am saying it works for me and over 12,000 other people that are members of Stoic. Lioninvestor doesn’t have all his facts together nor is he telling the complete truth about Stoic. He also never goes into grave detail on actually how this investment program really works. If I were you, Annel, I would do my own investigating and not rely on someone that hasn’t even tested it out to make sure it even works let alone trust someone that doesn’t have all the facts like Lioninvestor.
Best Regards,
Dan
ReplyDan,
Sorry to inform you that the investors of Stoic are not even my target market.
You keep on saying you have done the research. Please post “proof” of your research here. Talk is cheap.
If not, I have strong reasons to believe that you work for Stoic. Given that Stoic has 12,000 other investors, I don’t see any of them giving their views so strongly here.
If what I am saying here is false, please tell Stoic to sue me in a law of court. I welcome their challenge.
ReplyLioninvestor,
I can assure you that I am no way affilated with Stoic other than a private investor. I have nor will I ever be affilated with working for Stoic. Your right talk is cheap, which leads me to this if so righteous believe that Stoic is a ponzi scam why don’t you really do something about it besides sitting behind your desk and bad-mouthing them on this blog. What I mean by that is why don’t you contact the IBCA and the ITC and explain to them that you think they are a ponzi scam. As far as my proof, is that I had made since las year with an investment of $100 is that I have made over $2 million. Also have you actually talked to other Stoic members? If so you would find out that they have been paid every time. The IBCA is also my proof which they would tell you that the Stoic is a very legal and legitiamate business. Speaking of proof, where is your proof of that they are a ponzi scam. To me, all you have is assumptions and theories, you really have no real proof but the word of your mouth. My proof is provided by Stoic members, Stoic, IBCA, and ITC. As far as a law suit goes with Stoic, I can not speak on their behalf of what they intend to do with what you are saying. I can tell you this though, without any evidence of what you are saying, it is hard for me to believe that Stoic is a scam. We can debate Stoic back and forth all day but in the long run without any evidence or proof that Stoic is a scam I can gurantee that me and the other 12,000 or so members would have to disagree with you arguement. Just like if you were to take Stoic to court or talk to the IBCA and ITC about running an investigation on Stoic, the courts and IBCA and ITC would ask you where is your hardcore proof or evidence that Stoic is not a legitamate business. You may be wondering why I strong beliefs in Stoic and why I am posting on here. Well Yesterday I came across your page when I was researching Stoic for a friend of mine. When I read some of the stuff that you have been blogging about Stoic, it has come to my attention that you are misleading your readers. You haven’t provided one single piece of evidence proving that Stoic is a scam, all you have to go on is word of mouth. How do we know that you are a qualified expert on providing that Stoic is a scam? You know anyone nowadays on the internet can say that they are this and that as far as experts goes, but until they actually have solid proof on a subject like Stoic they are just talkers and not experts. So if anyone has to prove anything I would say that it would have to be you. You told me in an earlier posting that you don’t have to prove anything which to me is wrong and misleading. The only way you are going to win this arguement Mr. Lee is by providing solid evidence that Stoic is a scam.
By the way here is another proof of evidence. SIBA ( Seychelles International Business Authority ) also regulates and governs Stoic. You can kindly contact them on their website to prove that Stoic is a legitiamate business. Here is their website. http://www.siba.net/index.php?s=home
ReplyStoic is still going strong but i am involed in something better rhan stoic i will not share cause dont want any of you in it
ReplyLisa,
Excellent!. When is he getting the next cheque and how much?
Rgds,
hi…
ican’t access the stoic site? anybody here knows the reason why?
thanks!
ReplyAsk your internet provider…
I have no problem, as usual
Also, why don’t you read the original Stoic’s letters?
DDOS attacks on there site, also they stated that they have switched hosting providers. The emailed all members about the status.
ReplyTypically, some excuse like hackers, etc is used when an online Ponzi ultimately closes down.
ReplySaw an Interesting Post on hyip.com :
Constructive Post :
WARNING NOTICE BY GOVERNMENT OF BELIZE
International Financial Services Commission,
New Administration Building,
Belmopan,
Belize, C.A.
3 March 2009
WARNING NOTICE
OMTRON LIMITED and STOIC CAPITAL MANAGEMENT, INC.
It is notified for general information that neither OMTRON LIMITED nor STOIC CAPITAL MANAGEMENT INC. is licensed by the International Financial Services Commission of Belize (IFSC) to engage in the business of Trading in Securities, money transfer business or any other international financial services activity.
All persons concerned are asked to take note and exercise caution.
GIAN C. GANDHI
DIRECTOR GENERAL
International Financial Services Commission
http://www.ifsc.gov.bz/notices.html
http://www.siba.net [This is Seychelles Financial Ministry’s official Website, although I couldn’t find any ALERT thing about Stoic Capital on their ALERT section, Seychelles Businesses’ are actually registered with SIBA as per my knowledge]
Now see this http://stoic-capital.com/images/1.jpg — Clause no. 3, its registered agent is ‘INTERSHORE’. ‘INTERSHORE’ is a LICENSED REGISTERED AGENT FOR IBC’S FOR 2009, see this http://www.ifsc.gov.bz/licensed_provider.html#b — LIST “A” NO. 39 as well as for SIBA http://www.siba.net/index.php?s=links-itsp#itsp11. Now I do not understand why Intershore’s address is different on IFSC website and SIBA website although their email address is same. What I understand is ‘INTERSHORE’ which is a registered agent of Stoic Capital (according to Stoic Capital’s documents) is ‘registered’ OR ‘is in the jurisdiction’ of IFSC and IFSC must have checked if Stoic Capital is registered with them or not, as it’s not registered, they must have issued a ‘WARNING NOTICE’
Must read http://en.wikipedia.org/wiki/International_Business_Companies_Act
Intershore website http://www.intershore.com
http://www.ifsc.gov.bz [International Financial Services Commission] is officially stated on the official website of THE GOVERNMENT OF BELIZE http://www.governmentofbelize.gov.bz/resource_links.html , so it’s not a scam website
I have no intentions of ‘MURDERING’ Stoic Capital ~ those things mentioned above is a simple due-diligence inquiry and I am sure many are unaware of IFSC warning, I said what I saw. DO NOT MISUNDERSTAND ME
Stoic Board have released their Congress Schedule and I truly welcome this initiative, they are truly willing to share their company’s future goals, achievements, corporate and tax laws, affiliate marketing and advertising, due diligence and security, cyber-trading software for profiteer application and much much more. I hope those who visit their Congress Meeting will bring forth this issue as to WHY GOVERNMENT OF BELIZE HAVE ISSUED A WARNING NOTICE ON STOIC CAPITAL MANAGEMENT INC.
P.S. : Till now, all those companies on IFSC ‘Warning Notices’ page have become ‘SCAMS’
Reply
Hi, Jack well my sis told me she started jan/05/09 with the amount of $1,500.00 with a compounding rate of 50%/50% so it took her like 2 months to reach the amount of $1,000.00, so that means in the next 2 months she will be able to withdraw another $1,000.00 that without mentioning the amount reinvested with the starting capital, when she reach the maturity date, it will be a good money. not bad huh!
ReplyHi Kady,
I’m puzzled.
The amount put in was $1,500 and the amount returned after two months was only $1,000?.
And after another 2 months, another $1,000 can be withdrawn but some more money needs to be reinvested?. (Is the re-investment a requirement or was it made voluntarily or one cannot withdraw without re-investing?)
This seems like a far cry from the thread above showing that $1,000 will turn into $24,000 after 9 months (without re-investing)
Rgds,
The Stoic site is loading again! and my money is there plus the profits i’ve earned, I talked to my sister and she told me, she made a withdrawal of $1,000.00 through bank wire and received the money without problems now the money is in her bank of america account. So that means it’s worth the risk and I decide to believe and invest in The Stoic, instead of having my money rotting under the mattress.
ReplyKady,
Are you able to share what was the amount invested to get $1,000 and how long was the period?
Rgds,
Thanks Gus, I feel a little relief with the info you posted, maybe you are right and the Stoic site is down for some repair (modifications) regards,
ReplyI find this also
Dear Investors!
Right now the servers are reloading to include the new section about the Congress.
The site will be up by tonight.
Sorry for inconvenience.
Watch for our News and updates.
__________________
With best regards,
Neil Kerry,
Financial manager and co-founder of the guaranteed hedge fund The Stoic and company Stoic Capital Management Inc.
http://www.stoic-capital.com
Greetings to all:
The Stoic’s site is down, but do not, i say DO NOT be alarmed!
Please see yesterday post of Neil Kerry quoted from Hyip.com Stoic’s forum discussion:
Quote:
Annual Congress Meeting
Dear Investors!
The Board of The Stoic hedge fund decided to convene the 2009 Annual Investors’ Congress starting at 10:00 am (local time) on May 25-th (Monday), 2009 lasting till May 29-th, 2009 (Friday). With May 24-th day reserved for registration and checking-in and May 30-th day reserved for checking-out and departure.
The Annual Investors’ Congress taking place will focus on The Stoic achievements in the field of earning profits on the funds invested and involved, corporate and tax laws, affiliate marketing and advertising, due diligence and security, cyber-trading software for profiteer application. Attending will be The Stoic executives, brokers, lawyers, marketing/advertising experts, software engineers.
Please review our site for more details:
“Main” page – is for general introduction about the Congress events planned;
“Agenda” page – discloses the agenda for the Congress;
“Travel and accommodation” page – for more details about the places for the Congress;
“Register” page – is to choose items you would like to have and to register.
Several specials will be offered as well there:
– real-time verification procedure;
– cheques drawn to withdraw the matured deposits;
– trading software sublicensing and training.
– 20% discount to the “Easter Egg” plan investors (as an Easter egg)
Have great yields! See you at the Congress!
P.S. This will be published tomorrow together with all the necessary site pages updates.
Sorry for the delay, it was to be launched today but several circumstances took a bit more time than we expected, and we are completing it now. By tomorrow it will be ready for review and register.
It is going on and that is not the 1-st April joke
*Modified 8:32pm, 03/31/09 by NeilKerry
Hey, I invested a little amount of $500.00 but today april 01,2009 I tried to access their website and I can’t reach it, do you know something about it? is the Stoic a scam???
ReplyKady,
Stoic has shut down their site from time to to update their systems. Now when you were trying to access it I bet it was at the time when they hacker security problems where someone was trying to breach into their systems. Luckily nobody’s account was harmed. Stoic has just recently updated their website with a better hosting provider and a better anti-hacker system. If you check their website constantly they provide news and updates about their website and their company. Also Stoic will generate an email within 48-72 hours letting you know if the website is getting shutdown for maintienance or if a problem occured, and that usually will happen generally either before the website goes down or after the fact. Here is the good news for you if you invested with them, they are not going anywhere for quite sometime. Just keep having faith Stoic they do payout. I am very much a long time investor with Stoic, since I have been investing with them since early 2008 since they have went public.
Best Regards and good Luck,
Dan
ReplyBeing hacked by hackers is a common excuse given by many ponzi scams to shut down their business and run away with the money.
ReplyLioninvestor,
Stoic only shut down their site for approximately 3 days to update their software to fight off hackers that were trying to gain access to other peoples accounts. Everyone that invested with them got paid for those 3 days. People that made with drawls received their money with 48 hours of coming back online. Not every investment program is a ponzi scam. If that was the case then people like Donald Trump and Bill Gates would not be a s rich as they are today since people like them rely on investors like me to buy stock or invest into a program or product. I think you are too Gung Ho on this whole ponzi scam deal. Yes, there are people out in this world that like to make a quick buck by scamming people out of their money which make all of us put up our guard but not everyone out there is trying to scam you.
Dan
ReplyI just invested $ 1137 with stoic capital in the plan easter egg
I have a lot confidence in stoic and I will tell you end june
I really trust them a lot
ReplyHi Jack, this is the second investment the frist one was 300 dollars, and they pay every day so I really believe they are good
If you read the forum , you will see 382 pages and all of them are good
no one say rhey do not pay
Of course, that’s how ponzis operate.
They will pay until the day they decide to call it a day and run off with all the money.
ReplyHi Gus,
How much did you get back from your $300 investment and how long was the period from the time you put in the money to the time you get back your money?
Rgds,
Since a few days it seems to be that the home-page of stoic-capital has changed. Hacked ? Are they scam now ?
ReplyLooks like they are running out of steam.
03 Mar 2009
Dear Investors!
Today we celebrate the 1-st anniversary since The Stoic come public. Last year we started among the numerous of HYIPs represented on the market. And now we are of the very few only which withstood, stable and paying!
This year was enough hard, but we have successfully passed through market crunches and collapse of e-Bullion and e-Gold and several other force-majeures which were not negligible. No bad environment effected us. We have achieved great results in our main deals – see 2008 annual report.
We have improved our trading facilities and member’s interfaces, we have introduced bank wire payment method for deposits and withdrawals of as low as $1,000.
Thus we hope you accept with understanding that our traders and main staff have deserved a reward to have couple days off. Furthermore it is combined with maintenance by the Liberty Reserve payment processor in progress now. And these days our programmers will use to maintain and update our own trading software too (together with improving new Liberty Reserve API, which is more safe).
Therefore, the days of March 03, 04 are counted as days off. These days we do not earn ourselves and that is why the daily yields will not be accrued to your deposits.
09 Mar 2009
Commonwealth Day 2009.
March 09, 2009, the second Monday in March, there is Holyday in the United Kingdom, the Seychelles and all over the Commonwealth – the Commonwealth Day.
That day we do not work and because of this – the yield will not be present and accounted to the balance.
DEAR SIR PLZ CONFIRM DID U HAD In the beginning of February
2009 $2,700,677.20 exactly. …???
ReplyI was trying to get back to the link (http://www.stoic-capital.com/index.php?pages=1490)
I posted earlier but now I cannot get through.
I was trying to verify if Stoic promises 1-3% PER DAY.
Anyway, I appreciate if somebody could help me with my math or logic.
Stoic own funds = $14.3M
Principal deposits receivable $11M
This means the total is about $25.3M
The net revenues was $47.3M
I am not sure where or how the revenue was generated from the total funds (assuming all received) of $25.3M
Anyway, regardless of the above, if the net revenue generated out of $25.3M was $47.3M that is about 87% return for the year.
But if the payout to the investor is 1-3% daily, meaning over a year, it is 360% correct? (taking 1% daily return), I don’t quite understand how the $11M deposits is going to be paid out without Stoic funding the difference.
$11M X360% = $39.6M (non compounded)
I am using a very simplistic layman approach and I am sure there are many flaws with my approach/logic.
Now, I want to be very clear here. I am not here to convince or change anybody beliefs.
Regards,
ReplyHi Jack,
The page is still loading. The statement is all messed up as a mix of balance sheet and p&l statement.
Anyway, the 1.7% daily return (given by stoic) is compounded daily.
Which means an initial deposit of $1000 will become $24000 in 190 days time.
Go figure whether that is possible.
ReplyThe 190 days include only weekdays so it stretches out to about 9 months.
Still….
ReplyHi Lioninvestor,
Is it possible to get a deposit of $1000 to become $24000 compounded daily at 1.7% in 9 months?.
My answer is: Yes it is.
If you ask me is that ‘real’ generated returns, I do not know.
(To the customers, especially those who already received the payouts, it is real)
Do I believe that there are people getting that kind of returns?.
Yes I do.
To me, returns is a big consideration, so is risk.
Is Stoic much more riskier than the big established institutions?
That’s for the individual to figure out and decide.
One thing’s for sure. There will be no lack of interested investors in Stoic.
Rgds,
ReplyHi Jack,
Based on the numbers, the $1000 will become $7.9 billion after 45 months and $4586 billion after 63 months.
That is more money than the top 10 richest people in the world combined.
As to whether that can be real generated returns, the answer is clear.
ReplyHi Lioninvestor,
I deliberately stopped at $1,000 for 9 months to illustrate the point of ‘possibility’.
If a question is asked let say, about $100K or 1M, that’s a different scale and I would respond differently.
Looking at Stoic’s numbers again.
There are 12,380 investors as of 2008 and the principal deposits receivable was $11,056,000
This means on the average, the invested amount is $893.
Again, my keypoint is risk, not just returns.
Regards,
ReplyLioninvestor,
Alot of people become skeptic of investment programs like this. Let me help you clarify about Stoic what it really does. I am very familar with Stoic as I have been investing since early 2008 when Stoic started up. The first thing to understand that Stoic is a hedge fund. Hedge funds are not be confused with ponzi schemes and other scams. Hedge funds are actually monitored and protected by securites commissions where the hedge fund originated from. Now I can clarify what a hedge fund is if necessary but I will leave that out for also you can easily look up what a hedge fund is on wikipedia. Now you said if you got paid out from Stoic you would be richer than the 10 richest in the world, honestly that is not really true to an extent. Here is what I mean, there is a minnium, median, and maxium payout. The minnium is a gurantee of what you actually make, the median what average payout would be if the world economy and if the markets are doing good, and the maxium is the same as the median but thats when the economy and markets are in excellent shape. Now one other stipulation is to the median and maxium payout is that they are secured up to $10 million meaning that if something was to happen by means earthquake, forces of God, or that Stoic went out of business that they would only pay out $10 million to you even though your investment may be worht more. Now if you’re still wondering why to trust Stoic with your money, Stoic does a few things that you won’t see with 99% of investment scams. Here is what I mean: 1. 24/7 online customer support, you can talk to someone real online if you are having a problem with your account 2. there are offices around the world where you can call to get assitance or have a question, I am from Kansas City, MO in the United States and I contact the US office in San Francisco frequently for assitance and questions all the time, the people are as real as you and me 3. Stoic-Capital has an annual Congress meeting where you, as the investor, can meet with the staff and the people that make Stoic to work properly to ask questions or launch concerns about a problem that you may occur 4. you get a profit report each day that you get paid from your principal 5. Stoic uses zero coupon bonds guranteeing your principal no matter what 6. Stoic even tells you not to risk your life savings but risk what you can afford to lose. Now I have never seen any other investment scam ever do that. Even though the saying is ” If its too good to be true, it probably is,” Stoic makes the exception. When people bad mouth Stoic they usually have no idea about the program. The program does work and works exactly how the website describes. Now I can not tell you what to do with your money but if you can risk $10 thats all you need to do to prove the Stoic works. Now I have spent more at the movies or eating out than an initial investment with Stoic. Now I hope that I clarified Stoic is not scam to you. If I haven’t please feel free to reply back.
Best Wishes and Good Luck,
Dan
ReplyDan,
There is NO hedge fund in the whole wide world that can give these kinds of returns. Not anywhere close. Coming from the industry, I know this for a fact.
The Stoic is just an unregulated ponzi scam. If you want to throw your money away, fine. Just don’t drag others into it.
ReplyLioninvestor,
Stoic isn’t a ponzi scam, in order to qualify as a ponzi scam the investors like me and other people who invested into Stoic would not see actual long-term results. They would only see short-term results. Every person that has invested into Stoic that I have talked to has actually been paid out. Which I have talked to almost 100 or so people. If Stoic was a ponzi scam it would not be regulated by a securities commission, which Stoic is regulated through the International Business Companies Act (IBCA ) which is a securities commision of the British Commonwealth. If Stoic was caught doing anything fraudlent like running they would not just be punish under the IBCA but also under the International Trade Commission ( ITC ). Both the IBCA and ITC approve of Stoic as a legitimate investment company which I am sure if you did more research instead of what people blog you would find out. Yes you can get the returns that Stoic is offering. You figure a 190 business days, excluding American Holidays and British holidays you can be very well off with your investments. I have been investing into programs like this since I was 18 and I am 27 now, there are only a few out there that actually work and are totally legal. Of course most of them were done by trial and error but I soon wised after getting my degree in accounting which makes a CPA. There are very few hedge funds that have actually survived after 6 months but Stoic has managed to rise above all them. I think honestly you are trying to find an excuse to not invest with them. I mean it is your money to do what you want with. But when Stoic last more than a decade down the road from now and more and more people profit highly off it then maybe you will change your mind. As the old saying goes, ” You can lead a horse to water, but you can’t make him drink,” the same goes for you, I can provide you with all the facts and gurantee you that its not a scam but I can’t make you invest. I did my research before I invested with them and I have seen many people profit highly off it myself. The only thing I can say is that before you give other people advice about Stoic is do your research and test it out yourself because otherwise you’re giving bad advice out and also not being truthful. It would be like me telling you that you can die from eating a tomatoe ( which if you know your history very well back in medieval times most people thought tomatoes were poisonous ), even though I never done any research about the tomatoe and I haven’t ate the tomatoe myself. Its the same concept. Before you bad mouth something you must know all the facts and test it out for yourself before actually lecturing or give advice about it.
Best regards,
Dan
ReplyAll Ponzis provide regular payouts to their earlier investors. That is how they draw in new investors. Being paid doesn’t mean anything.
The party usually ends after 2 years, sometimes longer, sometimes shorter.
I don’t need to prove anything here because time will reveal the truth. And people who heed my advice will be thankful when that day comes.
Reply
To clarify your question Jack; – Stoic Capital is only a small part of a much larger corporate entity. They currently have over 300M in assets to leverage. Their hedge fund uses proprietary software to predict and thereby “hedge” their trades, offsetting it in other trading arenas if necessary.
I have personally spoken to the gentleman who designed their software (*he has now left to start his own similar program), and he shared that in the past three years (*Note: Stoic has only been an online presence for one year), they had only one day where they did not acheive profit. Last June 1 in fact, trading was so good they paid all investors double profits for the day. This is unheard of with most companies.
Think about it, – in the example listed above (sweep account) BofA is using client’s assets overnight to acheive profits. If you think they are only making 0.01% on that money, you need to think again. Most trading is done with a high degree of predicitibility in this arena and the profits can be substantial.
Additionally, companies like Stoic trade in the International arena, which is much less succeptible to downtrends in the American market. Our country has “taught” us that 2.99% per annum is “good.” But only because they are making ten times that to support their infrastructure!
When you do the math, know that Stoic is making 6% on 300M, which is substantial, and allows them to pay investors 2-3% (depending on plan), without batting an eye.
Best of luck with your investment futures!
ReplyHi Michael,
If anyone can make consistently returns of 6% daily, he won’t even need any investors. He will be able to turn $1000 into $100 million in just 198 days.
Another 198 days and that $100 million will become $10,000 billion.
All ponzis have only one outcome. Good luck.
ReplyMichael,
I was googling to see if I can get more info about Stoic but without success. There was a mention of it going public but I also cannot find in the NYSE or Nasdaq.
I looked at their guaranteee document, but I cannot figure it out. There is a ‘etc’ in the risk section.
It does say if one signs up on inline, it is deemed to have entered into a contract.
What contract I don’t know.
Rgds,
I went to take a look at the website: http://www.stoic-capital.com/index.php?pages=1490
Their financial report says:
Report on 2008 annual financial results (preliminary) December 31, 2008 March 31, 2008
USD, thousand USD, thousand
Own funds 14280 10000
Principal deposts receivable 11056 1309
(number of investors, persons) (12380) (812)
Net revenues 47261 5798
Cost of revenues 6148 2507
Gross profit 41113 3291
Operating expenses:
Reserch and development 2088 1705
Selling, general and administrative 1934 96
PR, referral and advertisment 1506 350
Total operating expenses 5528 2151
Income from operations 35585 1140
Principal deposits payable or paid 2947 0
Interest on deposits payable or paid 28358 540
I am not from financial background. Could somebody help me understand “Interest on deposits payable or paid” means
1. They were paid the interest or
2. They have to pay the interest ?
Hi Jack,
They refer to the interest they paid or still owe their investors.
Payable means yet to pay while paid means they have already paid out the amount.
ReplyThanks Lioninvestor for helping me clarify what payable means. Is it then correct to say this payable is classified as a ‘liablity’ in accounting terms?
Regards,
Yes, payable is a liability.
Though it’s wierd they lump paid together with payable.
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Hello Investor,
We all have lose money in the past,we are the people that take
a chance.
I really don’t care what other say about Stoic, I have invested
$1,500 dollars with them on June 12,2009 I’ll see if I’m right or
the people that said don’t do it.
You see in the end I’ll go on because this is what I do it’s my
choice.
The people that are saying don’t invest with Stoic are not investors, so why listen to them in the first place.
To you non-investor if you are so smart were are you investing your money,please let the rest of us know.
Bernie
ReplyHello Jack,
To answer your question,there is ( NO TYPO) June 12,2009 is the
date that I’ll be paid on my investment.
My investment was made on September 2,2008
I’m sorry that I was not clear when I wrote my letter,the fact is this
I believe in Stoic.
Bernie
ReplyHello Bernie,
Thanks for your clarification.
You have made it very clear you believe in Stoic, and from Stoic’s website, there are many many people investing in Stoic and I am sure they believe in Stoic as well. People have their own methods, strategies and life experiences in forming their beliefs and I am sure you have your own reasons to believe in Stoic.
Regards,
I’m also a stoic investor. My deposit won’t mature until August. According to the stoic calculator, your payout in June will be between $35,403.90 and $92,204.70. Have you been asked for verification documents yet? With the chatter on the forum my gut feeling is that stoic is getting close to dying/shutting down, and running with a lot of money.
ReplyDear Investor,
To answer your question,no I have not been asked for verification documents,
I don’t lsten to what people are saying about stoic because no
one yet that I know of has not been paid.
Also as an investor I already know that I can lose my investment in short if you or anyone else don’t understand this
you should not invest.
Bernie
Reply
“Profit from the second deposit together with the deposited amount of $25K will become available for withdrawing in 190 days, in Feb 2009, just because I’ve set up the 100% compound.”
Kindly keep us informed if the above investor has received the matured amount in last February.
Reply
I’m also in Stoic Capital, and I love this company. The friend of mine that got me involve, he is making $700.00 every single day. Good luck and lets keep making money.
Reply
For some time, I’ve been receiving emails from Lion Investor, of whom I’m not farmiliar except from this site.
I have received my funds from the Stoic Capital on TIME and have used those funds to test out other plans on the internet. Currently I have found a total of four who have delivered on time and the exact amount they promised. I have had to go through a total of 61 such programs to find 4 that actually deliver. I will not disclose those names of those programs, since talking about Stoic actually got me in this discussion.
I will say this.” If you don’t seek and try things on your own and go soley off the advice of others, you are not the maseter of your universe.’
Someone asked how does any of these programs give the returns that they do? Ask you bank what is an Overnight Sweep Account? See the following links: http://en.wikipedia.org/wiki/Sweep_account , http://corp.bankofamerica.com/public/public.portal?_pd_page_label=products/investsolutions/sweeps and the list goes on if you google Sweep Accounts.
Basically the banks take the excess funds at the end of the day, invest them overnight for 24 hours, earn a hefty interest and redeposit the funds back into your account in the morning minus all the interest they made overnight.
Think about it, that interest has to be worth the risk for them to do this without your permission. And surely more than that measly 2% annually they pay you.
Lets look at Stoic, they say 1-3% returns for 90-190 days. How far fetched is that from what your banks does and dosn’t even share with you and they are using your money to make money with. Call up Bank of America http://corp.bankofamerica.com/public/public.portal?_pd_page_label=products/investsolutions/sweeps and ask them where is your share of the $33.7 Billion Dollars they made in Sweep Accounts. http://www.sovereignbank.com/corporate/investments/sweep_comparison_chart.asp
Whats so hard to beleive about earning 1-4% daily off money and investments. Is it because for decades, financial planners and investment bankers have taught the public to be happy with 2-10% annual returns. Or that 6% annually on a CD is great, while their company earned 20-100% return on your money and never told you. Who’s the FOOL here?
In no way shape of form am I saying that Stoic invests in Sweep Account at all. I have no idea at all. I wanted to illulustrate that there are way to earn such returns. In fact, if you were part of the Federal Reserve Board who prints money and holds the US hostage, you could see double digit returns every sngle day and not have to show any records of the debt at all or be held accountable to anyone including the last 36 presidents.
Sorry everyone for being long winded, my explainations need evidence and clarification. We are a society of misguided and directed foos. No wonder the term Depression makes all the poor and middle class panic, while the super rich jump for joy.
ReplyHi Terry,
A sweep account that invests in money markets does not earn anywhere close to 1% in a day. It will be something like 0.01%.
Stoic promises 1-3% in a day. If they can achieve this kind of returns consistently, there will be no lack of funds wanting to invest in them.
ReplyAfter thoroughly going through Stoic site, I have made a test invesement of small amount. Payment has also been received very promptly. I hold very high hope and confidence on Stoic. Can any experienced and seasoned investor indicate the future stability of Stoic? Is there any other equivalent investing site comparable with Stoic?
Reply
i have invested 10 USD in Stoic and have been withdrawing something out of it… i am not planning to make myself rich, though! it’s just a bit of what i have to spend and try to make something more out of it… nothing harmful
i’m not that crazy to invest my savings, to let you know…
just trying my luck! 😛
When I posted the message a few months back, I had not idea what unrest I would cause.
Let me set the records straight from my point of view. I personally chose to invest a little bit of cash with Stoic. Rather than placing my cash under the matress or trusting another REGULATED, LICENSED, AND FAMOUS crook on WallStreet to clean my clock again.
Yes I have received my funds from Stoic in the time frame they specified with the interest they specified. Great job Stoic.
Will I try it again, MAYBE. I have also tried a lot of the others as well and had success with them as well, some I lost with.
While most of the population were trying their luck at the Casinos where the odds are heavily against them, I took a positive route where the odds were in my favor.
My opinion, these programs are no less legit that your local bank that takes your deposit, borrows from the feds 9:1 against your depost to make more loans with, then still charge you 5% or MORE for a mortgage, 7% or more for auto loans, and heven forebid you get a credit card where they can charge as high as 22% for them using your own money.
Regardless of my opinion, each of you have to make your own accessment of what is real or not, what’s legit or not. I made my own accessment. My appreciation in interest on my funds were more than suffecient compared to my returns on a CD with the bank I’ve been with for decades. I choose to increase and not decrease at my own hands and not rely on those highly educated and licensed regulators who have all gotton filty rich by stealing Amerian’s wealth and blaming the economy. They flat out stole from everyone.
I’m not sure if the owner of this site is a stock broker or financial advisor or not. Obviously you did’nt get the memo on how screwed up everything is and how long it will take to fix a $1.7 Trillion Dollar problem or how having to start all over after the 100 year old names of Wall Street have took the loot and ran with it. The average person needs their own way to leverage themselves against poverty. Weather this way or just doing nothing, there is a real threat of being poor that scares most of us.
I’m not pro ANY program. I’m pro SURVIVAL! I’m pro trying something different till I find something that works. The deffinition of insanity is continuing to do the same old thing and expeciting different results. I’ve tried and stayed with the same old system for decades and look where it’s gotten everyone.
Reply
from what I see so far around, all people who are in the program being paid and happy, while others who are not are complaining.
I’d like to see at least one person who invested in stoic and lost
facts, please!
Reply
You cant lose with the stoic invest now, by the end of 2010 they will be the largest guaranteed hedge fund. Dont miss your chance.
ReplyHello Annel,
You have not seen one person that has not been paid because as of
now all have been.
Do what you need to do don’t let others tell you how to invest the
choise is your.
Bernie
Reply
Hi,
I’m looking for a program to invest in or an investing opportunity. I’ve searched a lot online, but apparently everyone thinks everyhting is a scam.
Any advice/recommendations?
Thanks!
ReplyHello Investor,
I,m with stoic because I have no reason not to be.
All the people that are saying stoic is a scam are not investors,but
people that like to stir the pot.
My payout will be in June, I can’t wait to tell the world thar stoic is an honest investment.
Bernie
Reply
Hi,
I got the same comment a few days ago on my blog. The exact same comment…to the letter.
What I don’t understand is why people can’t see that they are making themselves and the whole planet a disservice by joining these thieves.
That’s beyond my understanding. Glad to hear that other people have their thinking straight though… 🙂
~Olav
Reply
lioninvestor I am confused are you saying the company is legit or not?
ReplyI too invested with Stoic. I had for year had all my money in banks, 401k and IRAs. Some of the banks I had been banking with for more that 30 years and they let me down.
Both the IRA and 401K lost more than 75% it’s value in the last year alone. All of which were regulated by our overseeing agencies and watch dogs like Madoff was a member off and had relatives on the highest levels of those agencies.
In this new economy or any economy, just putting your cash under the pillow is going to depreciate the dollar even more. So your nest egg will eventually become a CRUMB if it is not working for you.
I’m not promoting Stoic by any means. I was intrigued by the conversation on what was being said in relationship to whats happening in the financial world today and how people feel this program could or might be a ponzi scheme when we have licensed and regulated brokers taking tens of billions and making it dissapear right under our eyes. On top of that we’ve spent over $700 Billion dollars that our children’s children will spend the rest of their life paying back without any explaination or accountability of where it’s all going and how it will be used. Not to mention what happened to all the money in the first place except the typical excuse, “Financial Crisis”.
So in closing, I wish everyone would take a good look at what you’ve been sold by your banks and financail planners over the years. Take a look at what the regulators have promised and how they have performed with your retirements. Then ask yor self if you are ready to take control of your own financies or continue to leave it up to others to take chances with your hard earned money.
I for one would rather say I did it myself or have an excuse to tell my kids or future generation that it was out of my hands that I lived and I died with nothing to pass on or show for all my hard work. To LionInvestor, I appreciate your honesty and bravery in both your message and letting me know there are still pioneers out there that have the guts to make a change and not be insane.
The deffinition of Insanity is continuing to do the same thing over and over again and expecting a different result. When humans geet out of their comfort zones and begin to explore new options in life, they will discover they had not limitations in life from the start except their own mind.
ReplyHi Terry,
Thanks for your comments.
The systematic failure in the markets recently has resulted in (big) losses for many asset classes. Many people have been affected.
While Stoic provides a guaranteed return and might seem enticing, it is good to know how they derive the returns. How do they outperform the market by such a huge margin and where are the returns coming from?
When something is too good to be true, sometimes it pays to be more careful.
Reply
stoic is not a ponzi scam like madoff was on wall street. People hate what they dont understand! have any of you invested with the stoic and did not get paid?
invest ther and it will change your life forever like it changed mine!
Hello Josh,
I have only one question,did you get paid from Stoic on time?
Regards,
Bernard Critchlow
Hello Josh,
May I ask u that for how long u have invested in stoic and how much u already get?
just remember there’s no free lunch in the world, anything thats sounds too good to be true is exactly that.
Reply
” Compounding means re-investment of gained profit back to deposit, so it brings maximum profit to the end of deposit term.”
This is the bit I love about these schemes. You get a piece of paper saying how much your investment is worth and how fast it is growing you get all excited. Invite lots of freinds and get huge paper commissions which are also invested. Sometimes they even pay out a little to encourage you.
The reality with all investments is the only day they are worth anything at all is the day you cash out.
And with a Ponzi you can never cash out.
Thanks for the warning. I saw their website just today and it looked pretty hokey. I did a web search on them and found your site. It is sad to see these companies around, even worse that people are so desperate that they fall for them. In light of the most recent Ponzi scheme unveiled on Wall Street, I would hope that people are more aware.
Replyi would be surprised if our local banks actually allow any money transfer to these guys.
won’t the receiptant’s accounts have been blacklisted or blocked already?
but i must admit the site does look pretty professional other than the numerous gramatical errors.
ReplyThey use a third party service like Liberty Reserve and Perfect Currency.
These services allow a variety of transfer methods like bank transfer and western union.
It is amazing how simple it is to start a ponzi scam nowadays. Just create a professional looking website and you have many takers in such HYIP programs.
A lot of them put in amounts like $10 to $100 to test out but when you add them all up, the money is considerable.
Reply
Give it up guys , quit talking about something yoy have never done ,
I have withdrawalewed 5 different times for the past 3 months ,
It wks or are you to close minded to try it out . Don’t you have 20$
zzz… there will be no need for farmers and factory workers.. No body to do the real work.
Everyone just have to invest in the above stated product.
ReplyThere’s actually quite a number of such programs around. It is amazing the number of people who actually invest in them.
Reply
Too funny. A guy at the park started talking to me about this today and his plans to “make enough money in the next few months to purchase several homes”. He added that he was invested in Iraqi Dinars as well. My scam meter was red and I didnt take his bait but I was waiting for him to ask me if I was interested. Sad….
Reply
LUCKY YOU DIDNT INVEST YOUR DINARS!! HERE AT CLOWN CAMP WE OFFER A RETURN OF 2.3% DAILY WITH FREE SQUEEKY NOSES AND CLOWN SHOES. IM RELIEVED THEY DONT OFFER MEETINGS AT THEIR SEYCHELLES OFFICE AS MY CLOWN FEET WOULD GET VERY SWEATY FROM PLODDING AROUND A VACANT BUILDING LOOKING FOR PEOPLE TO SQUIRT WITH MY FLOWER. WHILE I CAN FIT IN A VERY SMALL CAR, IM AFRAID I CANT FIT IN A LETTERBOX…WHICH I SUSPECT IS ALL ID FIND. CAN ANYONE ADVISE WHERE I SHOULD INVEST ALL MY JUGGLING BALLS? MRS CLOWN WANTS A NEW TENT (NOT IN IRAQ).
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