Well, if Legisi went under it would sure be a sad days for those who have cashed out their IRA's and other retirement savings to invest in Legisi! (this phenomenon can be verified by reading posts in their forum).
I nearly joined Mr. McKnight's program upon a recommendation from a person who shall remain anonymous (signed NDA agreement with him), but then decided that it might not be such a good idea given the lack of disclosure on the part Mr. McKnight's into how the program generates profits.
Another thing that surprised me is how adamant Mr. McKnight is about not calling his program an "investment". I suppose he's afraid the SEC might come down hard on him.
A certain source of mine says that this program "..is doing mostly Forex and some index and future stuff."
In either case, I would still not invest as I'm sure some of you know that there are programs that return a better yield (Club-FXTrader being one example).
Quote:
Originally Posted by sharonsopinion
Hey Judy,
There is a long list of comments on Interview with Greg McKnight, Legisi at No Bullshit HYIP Blog, A Part of No Bullshit Network. I believe it has the most comments of any article on NoBS. That should be a good start for you, especially since lots of the comments are recent.
Caution should be used with a HYIP this old when no one has verified their method for generating revenue. If they have a real business behind the "loans", then they are a good bet. If the are just really good at handling members funds coming and going out, then their time might be about up. I am really not sure.
JMO,
Sharon |