Group: Members Posts: 306 Joined: 26-January 10 Member No.: 477
I wonder when the Site will get back..I am really worried at the moment as I have more than two grand invested here..I try to visit their Twitter updates and al I can do is pray.
Group: Members Posts: 583 Joined: 23-January 10 Member No.: 282
GeniusFund is a scam. They have used forged documents to lure investors. The Government of Cyprus where GF is registered has issued a scam alert against them.
Group: Members Posts: 306 Joined: 26-January 10 Member No.: 477
I don't know what to think any more..I will lose most of my investment here 2k and will be left with peanuts..I am going to change my investment strategy from now on. I will diversify to 20 or more sites with smaller amount sin each one, cream off the initials if they each survive that long then reinvest with profits.
Group: Members Posts: 99 Joined: 17-March 10 Member No.: 3,100
HEY THERE.... FOR THE PAST FEW WEEKS THE SITE USED TO GO DOWN EVERY NOW AND THEN AND THEY WOULD SAY IT WAS DUE TO SOME TECHNICAL PROBLEMS AND NOW IT SEEMS THE SITE IS GONE FOR EVER... NO SIGNS OF COMING BACK...
SINCE GENIUS FUNDS WERE VERY POPULAR AND TRUSTED I THINK THIS WOULD MAKE A LOT OF PEOPLE STAY AWAY FROM HYIPS
on february 11, 2010, the executive director of the british columbia securities commission (bcsc) has issued a temporary order against genius funds, and is alleging in a notice of hearing that the cyprus-based company has breached various securities laws. the executive director issued the temporary order after bcsc staff was alerted that a vernon-area individual had recently wired $25,000 to the company. official link: http://www.bcsc.bc.ca/com...
on march 11, 2010, cyprus securities and exchange commission officially warned investors that genius funds is not permitted to provide investment and ancillary services in the republic, and is not regulated by the commission and the authorisation with the number CIF 087/07, which genius funds alleged that it possesses, is fake. official link: http://www.cysec.gov.cy/D...? - ?_?_/2010/[size="2"][/size]Warning 03.11.2010 re Genius Invesment (Cyprus) Ltd.pdf
Group: Members Posts: 1,531 Joined: 19-February 10 Member No.: 2,681
This is really sad, so many of its members lost big amounts here. I was thinking of investing here too at the start of this year but decided against it at the last minute. Lucky for me but bad luck for the others. Well who knows maybe they'll come back, I heard from the other forum that they'll be back by Monday, so keep your hopes alive.
Group: Members Posts: 310 Joined: 23-January 10 Member No.: 257
Genius funds turns scam..I have some friends who loose there money over there..A way you can do some disputes with payment processor..Otherwise no hope.
Group: Members Posts: 829 Joined: 18-February 10 Member No.: 2,663
this is just sad to see that some many people lost their money to genius funds. the site was a well know one and newbies like me were collecting money to invest in the site. it has really shaken up the HYIP market