HYIPs – Beginning of the End?

Written by
Written by

Deolu Akinyemi

While growing up, I watched a lot of comedy programs. I enjoyed them so much I can tell the stories of quite a number of them. My father had gone for his masters in the US in 1986, when he returned, he had recorded hours on end of films, comedies and musicals. I loved the comedies, I still do. I watched different strokes, gimme a break, the Jeffersons, three’s company, Sanford and Son, Bill Cosby Show, just to mention a few. I’m sure I’m bringing back some memories already
Last week, when this site was down, I gained inspiration from remembering a phrase from one of those comedies. I told a friend that this phrase was going to be the title of my next article. The site was down, I got so busy, I forgot, until yesterday when I got to hear rumours that a number of HYIPs accounts had been frozen. A friend sent me a letter with EFCC letterhead reportedly written by EFCC to Nigerian International Bank. The letter was a stop order notice for the accounts of Sefteg Investments, Nospetco, Treasureline, Wealth Solutions, Wealth Zone, Greenminds and Flagship pending investigations.

Some banks have started reacting to this stop order, and I feel strongly, that it is good that you know. I expect that one or more of this will scale through the investigations successfully, but I can’t say for most. I guess I have shared my thoughts on some of these, and we have an idea where things might lead.

The story I actually remembered was one from a Sanford and Son episode. In this episode, Lemond – the son, was hanging out with the wrong guys, he was playing poker with them and staking his money for bigger returns. His father called him and told him, that a fool and his money are soon parted. That when you have money, and you don’t seek for information, knowledge, and wisdom before going to market with it, it will go.

For all those that listened and invested only what they could loose, congrats! For those of you that invested what you borrowed, I hope you are not on a gliding path to loosing your jobs. Hopefully the investigations will not sink where you invested your money. And if it does, hope they will be able to pay at least a percentage of money invested. Pray!
Nobody is above scrutiny. We can only all make sure that we all make sure we are doing verifiable things. I won’t be surprised if the name of our investment club also surfaces, we have assurances from our lawyers that we are not violating any law in running an investment club. Our other guaranteed service is also anchored directly on a partner that has been cleared. We’ll only need to work to ensure that we are remain above board.

No matter what you are investing in, or where you put your money, ensure you spend time developing yourself. He that gets gear before he gets wit, is but a short time the master of it. Ensure that your wisdom matches your worth, else it won’t be long before you become a has been. I know of miners who have made millions within a lucky break, and had gone back to begging for money. Let’s learn, lets grow. Failure is not final, success is never ending. We loose some, we win some, but we don’t allow the ones that we loose debar us from the ones we might win.

I wish you all the best in the weeks ahead. I’ll let you know as soon as I hear verifiable information.

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