luv2loan

Radio4,

You're right! We should all invest in your worthless American Investing Group LLC.

LOSER!

picard

Just curious Sharon... How many months would Legisi need to live since it's closure before you just might admit that it was 'real' after all?

BTW, 6% per month is a lot lower than what EBL is offering and there aren't many people slamming EBL. Yet Legisi is a 'scam'... just because because Greg M. isn't the most personable or forthcoming guy in the world... (BTW, CJ doesn't really disclose much more about his business either for similar reasons)

I admit, CJ of EBL is much more personable than Greg M, but both are running honest programs IMO. Non-members do not see what we members see (especially now that they are closed).

So back to my original question... If they are still around in October are they still a scam? December? February 2008? Never?...

How about if they pay everyone out before they close regardless of when the close?

These are fair questions are they not?

BTW, I've been studying HY programs for about 2 years and compiled quite a bit of statistical data on them. The number of programs that last 18 months or more are in the 1% to 1/2 % range. Well over 95% are dead by 160 days. Here is a chart of one of my studies:

__________________
A must see movie for every American:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

sharonsopinion

Hi Picard,

You quoted Mbongwe, so I assume that you really intended to address your question to him.

What I have said about Legisi is that their recent moves of increasing the minimum, decreasing the ROI, combined with going private are the same as past scams that closed not long afterwards. While each one isn't a red flag in itself, combined they are red flags. I have no information as to whether Legisi is a scam or not. I'd have to do a search on my posts, but I don't believe that I actually came right out and said that I think they are a scam. If I did, then I mis-spoke.

What I said and what I mean are that their recent moves are enough red flags to warn people that it would be prudent to pull out. If not completely, at least enough to recover their seed money plus some profits.

I agree that the majority of scams do not last very long. There are a lot of factors that go into how long they last. There are, as you graphed, very, very few that make it 18 months are longer. However, that doesn't change the fact that some scams have made it that long. Whether or not Legisi is one is yet to be seen. If they do close this year, especially if they use the same tired excuses of past scams and/or the new excuse of an SEC investigation, then people will definitely classify them as a scam. Until then, caution is warranted.

Mbongwe: Do you have additional information to back up your claim that Legisi is definitely a scam? Or did I mis-read what you wrote?

The big differences between EBL and Legisi are two-fold: 1. EBL has a signed, legal contract for each loan and 2. EBL hasn't done anything to warrant red flags. If EBL starts making moves that signal red flags, you can be sure that I'll be pulling out, regardless of how much I trust them now. I'd also warn people. Personal feelings have no place in HYIP land, IMO.

I hope this helps explain my opinions.,

JMO,
Sharon

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Good Behavior = Good Results; Bad Behavior = Bad Results!

radio4

No, this is a scam.

All the credentials add up to a bunch of worhtless testimonials.
The interview delves into nothing, and ends up giving us useless information.

Once one loans the money, one never knows what happens to it, has no way of getting his money back if Legisi has no more, which will happen eventually.

FIFO's are the ones that will make, and LILO's are the ones that will lose.

opie999

And the FIFOs invariably become the cheerleaders while the LILOs become the naysayers. History repeats over and over again.

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

picard

My apologies for misquoting and I see what you are saying.

I can only speak from own experience when I say that I pulled out a very large sum from Legisi on 6/14/07 (high 6 figures) almost a month after they closed. Though this does not prove they are NOT a scam (I wonder if anything could...), it certainly seems to me that this is not typical scam-like behavior either.

I too would very much like to see 'evidence' that Legisi is a scam.

I feel exactly the same way about EBL, but suspect the new website will bring +'s changes to the program rather than - ones.

__________________
A must see movie for every American:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

radio4

You have a problem.
FIFO = first in first out
LILO = last in last out
these are financial terms which apparently people like you who invest in Legisi don't know.
You might be FIFO, one of the ones with no ethics, leaving the LILO holding the bag, though I cannot say much for them either.

mbongwe

Usually the naysayers are not LILOs, they just don't invest in scams at all.

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.



To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
|
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
|
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

picard

I watched the program and made sure that it lasted at least 160 days before I lent them anything serious (over $200). This is one of my many rules and it came for the chart posted earlier.

So I'd hardly say I was a "first in..."

And joining Legisi after 5 months demonstrates a lack of ethics how?...

Yes, I'm well aware of what the acryonyms mean. Don't need to keep repeating them unless you're trying to remind yourself.

How long would Legisi need to live before you might admit that you might be mistaken? Never really got a clear answer from Sharon on this very specific question. I somehow doubt that any of the strong bashers want to answer this either... It's a fair question isn't it?

@Sharon - I just realized why I misquoted you... You and mbongwe have the same avatar. I'll pay closer attention next time. Relatively new to this forum...

__________________
A must see movie for every American:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

opie999

LOL!! That, dear friends, is another excellent reason for the both of you to get avs that reflect your unique talents, styles, and tastes.

Thank you for the valuable feedback, picard. loved you in X-Men!

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.