Thread: Most recent SI reality check

Must read:

Form your own conclusions

WORLDLawDirect - Solidinvestment.com investment scam

WARNING:"jungleventures.com" is Scam. "jungleventures.com" has nothing to do with SI.

The Lawyers are "Misleading" SI investors. There was a SI copycat website run by Russian scammers. Do not fall in a trap by believing "WORLDLawDirect - Solidinvestment.com investment scam" story.

quote:
However in the program's defense I have requested several
withdrawals so far and have been paid promptly every time, I have
changed settings on my site frequently to test the system - always
with immediate positive results, they email me with account changes
every time; so far I have nothing bad to say about how the website
operates or their performance. One person emailed me stating Jungle
Ventures was a scam, but further investigation revealed a Russian
website copied all their stuff and had a website named
jungleventures.com and scammed people using their name and their
information. Jungle Ventures is their IBC name, not their website.
Solid Investment website claims existence since 1998, but have NOT
been on the net since 1998, even though the domain name was registered
in 1998. Dec 2004 is when they came to the net. A rather long history
that was presented to me as due diligence requested, stated that they
operated as a small group of individuals privately with word of mouth
and private clients since 1998. Sam Colins is the founder and active
chief executive officer and CEO of Solid Investment Group. It's Sam -
the CEO, a support Service Representative, Rafael Sosa whom I have
been communicating with, Pablo Padroza and a group of technical admin
people who are taking care of the server that constitute Solid
Investment; plus the bank Sam is part owner of which is largely
responsible for the investment activity.

Sam says he has been in this business for over 20 years with a degree
in finance, and he initially worked in an investment bank. Presently,
he has shares in an investment bank that is engaged in trading on a
global scale. He founded Solid Investment in 1998 together with a
group of associates and at first only provided investment services to
a small group of investors whom they all knew in person. They have not
shown me any documents showing this 1998 to 2004 Solid Investment
affiliation.

A different version of this might go like this. While it's true that
the company name of "Jungle Ventures Ltd." (the name of their parent
company) was registered in Belize several years ago, what you don't
see unless you do some additional digging is that this company name
was a previously set up "shelf company" that the new owner purchased
as part of an offshore, pre-made package deal. How this works is that
people set up offshore corporations all the time, but when it comes
time to renew them one, two, three years down the road, they wind up
letting them go. Instead of dissolving these corporations, the company
that originally set them up for the client takes over the corporation
by paying the renewal fee to keep it active, then sells it to other
clients for a hefty profit that want to purchase a ready made offshore
entity that already has a history behind it instead of appearing as a
newly formed organization, giving them the illusion of being an
established entity instead of a new start up company. Jungle Ventures
Ltd. may be such a shelf company that was purchased by this new owner
in December of 2004. So technically, the website and Belize
corporation are legit and both have been around for several years now,
that much is true. However, neither may have been owned by the current
owner until December 2004 which makes the statements about the history
of Solid Investment.com going back to 1998 dubious. This is the only
aspect of Solid Investment that I haven't been able to prove one way
or the other.In year 2004 they made the offer available to the general public. Any
person could join them. The only requirement was a non-disclosure
agreement and they did not require any personal information from
their customers. That has since changed, they now want your information.

Most of the communication between investors and them is handled via
Rafael Sosa, head of the customer service department. You can contact
him at any time 24/7 via email for us medianos and even by phone if
you are a big spender (that's what I got out of it). He has been with
Solid Investment for 5 years and joined as an investor at first. They
do not strive towards attracting the largest possible number of new
investors. The investors who are with them now, refer their friends,
relatives and associates. That is how they increase clientele. They
are always glad to serve people of all ages and walks of life and will
treat every investor individually. As of today they have over 38,000
investors and over 42 million invested. They came to the net to get
investors because,
a. it is becoming more commonplace to do that and
b. the types of investments that are available to them now which
generate extraordinary returns require larger amounts of money. If
they truly started back in 1998, this progression makes sense,
especially since Sam Colins is part owner of the actual bank itself
that is involved with these large trading contracts. They act as an
intermediary between us and the opportunities that require large
amounts of money to enter. Their main investment sectors are PPP, bank
debentures and MTNs. These are the activities that generate the
largest returns.. They also diversify their assets by investing in
real estate and rapidlly growing young companies. All trading
operations are carried out through the bank Sam is one of the owners
of. Highly qualified traders perform the daily operations. Sam has
over 20 years trading experience and every trader involved has at
least ten years of experience they state.
As you can see, this is only part of the DD, that we have been passed.
I did cut and paste a portion of it for the sole purpose of the neg
asses who still infiltrate our forums trying to convince us otherwise.
much grattitude .......... 1
unquote

pinetree

Excellent post pinetree.

Thank you.

So, is it possible that I (or all of us) joined the wrong SI? This SI copycat website run by Russian scammers? This was rumered at one point.

mmm, so if the one that ran off with the money isn't the real people behind the scam, how come Sam and Sosa were at one time responding to enquiries at the SCAM version? The only way this makes sense is if SAm Collins and Rafeal Sosa were the russian scammers.

Regardless, whoever took the money has the money, apparently the lawyers have found at least some of it and are intent on getting it back.

Criminal fraud warning regarding the firm "Solid Investment" (SI) and its site solidinvestment.com


September 9, 2006: A German court on Thursday September 14 will authorize or decline the release of Solid Investment account-related information from five banks in Germany, Ukraine, Russia, Mexico and Estonia. We expect positive results. SolidInvestment site operators (including the supposed Sam Collins) remain in hiding and have refused to answer any court documents or press/attorney inquiries. Default court judgments are likely.

well Now thats better at least someone has finally ackowledged that SI was Indeed a scam ( like we did't all know ) but the question of where the money is still sucks for answers.

Do You Know That US SEC Is Pressuring SI to Register with SEC? If SI is a Scammer, the US SEC will not allow SI to register with them. Of course, SI is resisting to do so in order to protect SI VIPS. SI IS DEFINITELY NOT A SCAM.

Do not mix up SI with a Russian copy cat.

pinetree

Originally Posted by bob1940

well Now thats better at least someone has finally ackowledged that SI was Indeed a scam ( like we did't all know ) but the question of where the money is still sucks for answers.

bob1940 if you knew SI was a scam why did you promote the crap out of it?
I rarley post and I mostly read what people have to say, I have never posted anything negitive about any program or anyone one's comments. What we invest in this world of HYIP's is everyone's own choice, they take the good and bad of any of these investments. I personally don't like Hypocrites and if pinetree has any comments, suggestions or input of any type I will read them and interpret it the best way possible. I see you advertise alot of programs but when they go defunct you become outraged and feel you have to criticize them. Take the lumps like the rest of the investment arena and leave it at that. If you knew SI was a scam why come back to the SI forum and post negativity? If it's a done deal and you know it, let it go! We all want to know where the money is and most of all if we'll ever see it, only time will tell. Time will tell, so let's just sit back and see, if not kay sur ah sur ah

Thanks for all your posts pinetree, keep the faith!

Best to all!

tim410

The SEC is not "pressuring" anyone to register, they don't do that. If you're not registered and selling securities in a US jurisdiction, they sue you for penalties and make you stop (they cannot put you in jail, the Dept of Justice would have to do that). I'm not mixing up SI with anyone, but you seem to be. The people you are defending here were very active in this, whether they are russians, belizians or martians, they were the ones people sent the money to, they encouraged people to send money and they're hiding now. You are either serisously delusional, in on the scam, or a pathilogical liar, SI is gone and was never a legitimate investment, it was a scam, intended from day one to steal money.

Member 99,

I'm resigned to the fact that many people just want the sugar-coated rumors and speculation, be it with Pips, SI, or any of the other investment debacles. They will say things like, "Where are YOUR facts, you are just speculating, being negative, a naysayer, a bad person, a dream-stealer, an athiest," on and on. Never mind the program isn't paying, has had no communication with investors, shows no sign of coming back, etc. It is easier to dismiss the lawsuits, court hearings, the common-sense signs and warnings of many kinds and tell themselves that everything is coming along, any day now, people are being paid (just the big, important "VIPs") and a select few insiders are funnelling all this great info to another hierarchy of select few. Oh, and if you say aloud that "The Emperor Has No Clothes" your account will most likely be deleted, LOL!