atarigirl wrote:
I saw the same letter, I have a friend that invested over 5 years ago and he has done very very well. I have only been in for a little over a year and have always received my payments on time. If this is a scam then how come no one has any official complaints, I know all about Nick going to jail, it was discovered when the past threads on fat wallet were posted. When I found out about the jail time, I too was going to pull out my $. That is what some people did, but the truth is he did do his time. He answered all of my ?'s and I feel comfortable leaving my $ in there. I only put in $ I didn't need and I have made all of it back in interest payments. They basically payed for about 18 months worth of my luxury leased car and even the insurance and then some. What I want to hear is not that this is a scam, beware or explanations on why it could be a scam, but I want to hear someone say, that they didn't get paid or even that their cousin didn't get paid. I know of someone that also invested in this contract and received this letter. Why didn't it happen to me? Why didn't Nick just send it to everyone, that loan was not as big as the one I was in. Look, many people tell me I am crazy but I am a very smart individual, if I lose what I've invested, it won't really be a loss will it? I've made $ on my initial investment plus even the $ taxes I will be charged by the IRS. I know people who can lose a lot because they have invested a lot, but have also made a lot. I have had this guy and this company investigated to the last hair on his head with every accountant, financial person, friends who are editors of financial magazines etc. Yes there is a risk, but there always will be with interest rates this high. Don't you think that everyone would do it if it was 100%? But I heard that for the upcoming contracts they are now offering insurance on your $ and your interests all insured by a seperate company. For example if you invest 10k and receive 11 to 12% interest back the insurance company will secure your money for about 3 or 4% of it, high but your money is guaranteed. You might not get the $1200 back every time a contract is over but you'll have around $700, a steep amount just to secure it but hey around 7% is still a lot. I am not sure of the $fees charged by the insurance company but I am sure it is around this much. Also if you don't feel comfortable with this then my advice is do not invest or pull your $ out. No one is stopping you. You can always pull out if the contract is over and if it is currently going on then pull out and just lose some of your $. You can be greedy and leave it in there or if you're paranoid then use the insurance or take your $ out. This is like legal loan sharks. I mean think about it if they are lending out at 25%, what's so weird about giving us the little people 10-12% back? They are the ones doing all the work and they're making 12-15% back as well. At the end of the day, the reality is you got to be in it to win, You can buy 10,000 $1 lotto tickets and might not win a single dollar or you might win a little, even big. Not such a great analogy but I am sick of my old 2% at chase. If I would have invested just 10k about 4 years ago I would already have made over 150 thousand. I want to hear facts not what people think might happen, but if you're going to write stories here about why it doesn't seem real or why it can't work then don't, What I need to hear to really listen is Who didn't it work for? Bad experiences with Agape, This company has been around for almost 10 years and no one had 1 complaint??? Even by word of mouth? Not even a lie of someone saying that they didn't get paid. Never heard of a Pyramid being around for 10 years! Guess there is always a first, Whatever, the truth is if I lose my initial investment, lesson learned. I would never play with $ I rely on to live with, nor should anyone. Gamble what you think you could lose, in the long run I will still be okay with it because not only have I made all of my $ back but I went in knowing that nothing is 100% guaranteed in life but I was sick of not taking risks and watching everyone get rich and make $ and just sitting on my $.
atarigirl after reading your very long post, there are only 3 main points in it:
1. If Agape World is a scam, how come there has not been any individual who didn't get paid and the company has been around for almost 10 years?The answer to your question is quite simple, it's because Agape World is a ponzi scheme that has not been revealed (yet). In a ponzi scheme, everyone losses money at the end when the scheme is revealed as a scam. I am sure by now you have heard of the Bernard Madoff news, and it definitely proved that a ponzi scheme can be run for a very long time without being revealed as a scam (Madoff ran it for more than 10 years). And during all those years, no one complained of not being paid, not a single one, and we are talking about the "not-so-average" investors here (exteremely wealthy individuals, fund managers, bank officials, etc).
2. You are currently investing with house money as you have made back all of your initial investment in interest payments.You should still be concerned because as tmp70 has pointed out, you might need to reach into your pocket to give back profits or even some of the initial investments later when Agape is revealed. I also read this in Wall Street Journal, so it's not a hoax.
3. You seemed to feel that everyone is trying to persuade you to stop investing at Agape.I am posting this to persuade people, who haven't invested in Agape and are considering, not to invest. Agape World is a scam. It will collapse, and it's only a matter of time. I hate to say a cliche, but if it's too good to be true, it probably is. Spread the knowledge about Agape World !
I hope the mod/admin does not lock this thread as it will help in warning the people about the Agape World scam.