Originally Posted by Offshore-Wealth.com
Interesting,
After reading and re-reading this case over and over, it becomes obvious that PPP's are nothing but smoke and mirror pyramids. What we see here is one pyramid investing in yet another. The example given which was based on a deal where he pulled out the money and did not reinvest again, so he saw $450K in less than a year, and thought this was for real. Little did he know he was lucky, which is the basis of all pyramids, being lucky to get in and out first, so with no real DD being done, they start a copycat to PIPS.
Sorry, but this reads just as I expected it would. I have researched so many of these so called PPP's and have yet to verify that they are indeed real. There is always something that changes at last minute to skuttle most deals. This was the perfect example of why there was no proof provides that these deals to exist. They are always based on some secret investment that the rest of the world never hears about. Sure sounds fishy to me.
Bottom line, there was never any investments made as promoted, in fact, outright lies that investments had already been placed with PPP's. The only investment of any kind was in a lounge, and wow, does that ever sound familiar. I guess if you are going to copy a PIPS, you might as well copy everything exactly. Sure was an interesting read.
Good luck to all, Mike