WARNING:"jungleventures.com" is Scam
Someone posted his DDs on SI in another forum.
quote:
there is some *****a over there posting about jungle venturs. I still
CAN NOT sign in for god only knows what reason. I have brought some
info that might shed light on the sticky hot topic. Please cut and
paste to pingmans corner:
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
