YOUR AD HERE!
Put Your Ad Here for ONLY $30/week or $100/month!


TeamEarners.com
IT'S FINALLY HERE! Learn to get rich, and get rich doing it!

Go Back   Web Life Forum > Program Discussions > Scams and Failed or Closed Programs
User Name
Password
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read


Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 06-22-05, 07:01 PM
forwardone forwardone is offline
Administrator
 
Join Date: Jan 2004
Posts: 11,409
Default Midas Investments

Quote:
We launched on January 20th, 2004 as a private pool with no domain/website. The current membership is quite small, and comprised of a very small group of personal associates. After a brief vote/poll, we have decided to open our program to the public. Member investments will be pooled into their selection from the four categories listed below. All deposits and withdrawals are processed on the 1st of each month. There is a 5% Administrative fee for all deposits and withdrawals. There are no referral commissions available. The minimum investment is currently only $100. Investments may be made via E-Gold or 1MDC.

HYIP - FXVision, FXIG, ClubInvest, ILC, 4X-Club, ChartCandle, Global Vantage, GProject, CapitalEx.
Forex - Account held at FXCM, Managed by TeamForex.
Futures - Quadriga Fund's GCT USD Superfund.
Stocks - FID575 Mutual Fund, and an Aggressive Portfolio with ING Direct Funds.
They don`t have a website. Enquiries and payments are made to admin@i-midas.com

Now this program hasn`t been around in the conventional sense for all that long, and has only recently been `publicly seen.` They have, however, according to their claim been trading privately since January 2004. I`ve read that the Admin of the program has stated that if anyone wishes to verify the Trading Records and Proof of Investments then they will be made available to members on request.

If they really are with the programs they list then many of them have a good reputation, but, as with any program, especially one that has only recently come on the public scene, anyone considering investing needs to do his homework first by verifying as much as possible about past trading.

We look forward to members updating us about how things are working out as far as payments are concerned.

Geoff
Reply With Quote
  #2  
Old 06-23-05, 09:49 AM
Salty Salty is offline
Experienced Member
 
Join Date: Oct 2003
Location: Egoldclub.biz
Posts: 397
Default

Whats the point to chose it?
5% fee to spend? 5% fee to w/d? 5% monthly return?

GlobalV is a choice? Does Cex belong to GV?

Electra and Iccpool seem are failures of GV.
Reply With Quote
  #3  
Old 06-23-05, 09:31 PM
i-Midas.com's Avatar
i-Midas.com i-Midas.com is offline
Member
 
Join Date: Jun 2005
Posts: 84
Default

Quote:
Originally Posted by Salty
Whats the point to chose it? 5% fee to spend? 5% fee to w/d? 5% monthly return?

We offer the opportunity to invest in real progams otherwise unavailable to those who do not meet the minimum investment criterea, for example: Quadriga GCT USD and TeamForex Managed Forex. Assuming that we receive exactly 5% monthly, you would make profit by the third month. Every additional month would give you an additional 5%. In one year, that would be a 50% profit.

Quote:
Originally Posted by Salty
GlobalV is a choice? Does Cex belong to GV? Electra and Iccpool seem are failures of GV.

An HYIP Pool is a choice. By investing in the HYIP Pool, your funds would be pooled into all of the listed HYIPrograms. CapitalEx seems to guarantee the returns for their loan program, while Global Vantage provides variable returns for all of their products. Our investment with Global Vantage is in their GV Fund, not the ICC Program, Hiperfund, Electra, or any of the other less reliable programs.
__________________
Midas Investments
Reply With Quote
  #4  
Old 06-27-05, 10:48 AM
forwardone forwardone is offline
Administrator
 
Join Date: Jan 2004
Posts: 11,409
Default

I`ve read that they no longer accept E-Bullion. They currently use e-Gold, 1MDC, and BE-Cash.

Geoff
Reply With Quote
  #5  
Old 06-27-05, 08:06 PM
i-Midas.com's Avatar
i-Midas.com i-Midas.com is offline
Member
 
Join Date: Jun 2005
Posts: 84
Default

Quote:
Originally Posted by forwardone
I`ve read that they no longer accept E-Bullion. They currently use e-Gold, 1MDC, and BE-Cash.

That is correct.
__________________
Midas Investments
Reply With Quote
  #6  
Old 06-28-05, 02:05 AM
Luxor
Guest
 
Posts: n/a
Default

What is this about you using awty's name in a lie that I have read over on TG? Is it true? Why did you lie?

+++LUXOR+++
Reply With Quote
  #7  
Old 06-28-05, 03:13 AM
i-Midas.com's Avatar
i-Midas.com i-Midas.com is offline
Member
 
Join Date: Jun 2005
Posts: 84
Default

Quote:
Originally Posted by Luxor
What is this about you using awty's name in a lie that I have read over on TG? Is it true? Why did you lie?

Why not read the rest of that conversation? We cleared up the matter within minutes of his creating that thread. In a nutshell: I had misspoke when I posted about "Awty", instead of "fsamec".
__________________
Midas Investments
Reply With Quote
  #8  
Old 07-01-05, 01:12 AM
i-Midas.com's Avatar
i-Midas.com i-Midas.com is offline
Member
 
Join Date: Jun 2005
Posts: 84
Default

Monthly Update:
Quote:
All withdrawal requests have been processed. We would also like to welcome our new members, who have joined us for our first PUBLIC month.

HYIP: June profits are 13%.
Forex: June profits are 10.1%.
Futures: June profits are 1.84%.
Stocks: June Profits are 1.4%.

Details have been sent to all members via e-mail. Thank you.
__________________
Midas Investments
Reply With Quote
  #9  
Old 07-09-05, 12:43 PM
forwardone forwardone is offline
Administrator
 
Join Date: Jan 2004
Posts: 11,409
Default

I see Midas have now added Invex Ltd and Global Financial Trust to their HYIP list of investments.

Geoff
Reply With Quote
  #10  
Old 07-10-05, 02:37 AM
i-Midas.com's Avatar
i-Midas.com i-Midas.com is offline
Member
 
Join Date: Jun 2005
Posts: 84
Default

Quote:
Originally Posted by forwardone
I see Midas have now added Invex Ltd and Global Financial Trust to their HYIP list of investments.

That is correct. We believe that both programs should remain long enough for us to profit.
__________________
Midas Investments
Reply With Quote
  #11  
Old 07-23-05, 11:23 PM
i-Midas.com's Avatar
i-Midas.com i-Midas.com is offline
Member
 
Join Date: Jun 2005
Posts: 84
Default

We have now withdrawn our investment with Invex for a total profit of 52%.
__________________
Midas Investments
Reply With Quote
  #12  
Old 07-24-05, 03:15 AM
i-Midas.com's Avatar
i-Midas.com i-Midas.com is offline
Member
 
Join Date: Jun 2005
Posts: 84
Default

For convenience reasons, I am posting our "advertisement" below. I update this list of investments on a regular basis, so it will be far more up-to-date than the list quoted by Geoff.

----------

I would like to publicly introduce our program: Midas Investments. We launched on January 20th, 2004 as a private pool with no domain/website. After a brief vote/poll, we have decided to open our program to the public. We currently hold the investments listed below.

HYIP - FXVision, Feeder Fund, GProject, CapitalEx, Fast Market, Udachu Fund, and FX Investment Group.
Forex - Accounts held at FXCM, Managed by Synergy Capital Management.
Futures - Quadriga Fund's GCT USD Superfund.
Stocks - Aggressive Portfolio with ING Direct Funds and RBC Asset Management.

Member investments are pooled into their selection from the four categories listed above. All deposits and withdrawals are processed on the first of every month. There is a 5% Administrative fee for all deposits and withdrawals. There are no referral commissions available.

If you would like to make an investment at this time, please feel free to contact us by e-mail at admin@i-midas.com. Thank you.
__________________
Midas Investments
Reply With Quote
  #13  
Old 08-01-05, 08:32 AM
i-Midas.com's Avatar
i-Midas.com i-Midas.com is offline
Member
 
Join Date: Jun 2005
Posts: 84
Default

Monthly Update:
Quote:
All withdrawal requests have been processed.

HYIP: July profits are 6%.
Forex: July profits are 3.2%.
Futures: July profits are -0.82%.
Stocks: July Profits are 2.23%.

Details have been sent to all members via e-mail. Thank you.
__________________
Midas Investments
Reply With Quote
  #14  
Old 08-24-05, 11:56 PM
i-Midas.com's Avatar
i-Midas.com i-Midas.com is offline
Member
 
Join Date: Jun 2005
Posts: 84
Default

We have added several new investments this month, which will be available via our pooled investments on September 1st, 2005. After extensive consideration and suggestions from several of our members, we have made a direct investment with FX Investment Group (FXIG). Additionally, we have opened a managed forex account with Synergy Capital Management (SCM) in light of their stellar performance over this past year. Finally, we have made an investment through RBC Asset Management for an Aggressive Portfolio.

As a reminder: If you would like to participate in our investment opportunities during the month of September, we must receive your investment by Wednesday, August 31st.
__________________
Midas Investments
Reply With Quote
  #15  
Old 08-31-05, 09:39 PM
i-Midas.com's Avatar
i-Midas.com i-Midas.com is offline
Member
 
Join Date: Jun 2005
Posts: 84
Default

Quote:
All withdrawal requests have been processed.

HYIP: August profits are 8%.
Forex: August profits are 2.4%.
Futures: August profits are -1.76%.
Stocks: August Profits are 1.97%.

Details have been sent to all members via e-mail. Thank you.
__________________
Midas Investments
Reply With Quote
  #16  
Old 09-21-05, 07:32 PM
runamuk1
Guest
 
Posts: n/a
Default

Hmmm ....posted on TG forum yesterday
Quote:
Yesterday, 10:57 AM
FXIG_ADMIN


Join Date: Jul 2005
Posts: 6
I-Midas.com FXIG account closed
Please note that we do not allow people to pool accounts, Feeder Fund have the exclusive right to this. We have requested a number of times for I-Midas to send us hi sbank wire details so we can return funds, he still hasn't.

FXIG ADMIN
Reply With Quote
  #17  
Old 09-21-05, 07:58 PM
forwardone forwardone is offline
Administrator
 
Join Date: Jan 2004
Posts: 11,409
Default

Interesting!

Geoff
Reply With Quote
  #18  
Old 09-22-05, 10:52 AM
i-Midas.com's Avatar
i-Midas.com i-Midas.com is offline
Member
 
Join Date: Jun 2005
Posts: 84
Default

Ron of FXIG has not closed my investment with his program, although he is on a very interesting fishing expedition trying to locate it. At this time, new investors will not have their HYIP investment pooled into FXIG as it is apparently against their terms of service.
__________________
Midas Investments
Reply With Quote
  #19  
Old 09-24-05, 05:34 PM
FutureGizmo FutureGizmo is offline
Experienced Member
 
Join Date: May 2005
Posts: 477
Send a message via Yahoo to FutureGizmo
Default

Interesting indeed, I wonder why only FeederFund would be allowed to have a pooled account with FXIG?
__________________
my blog on high yield investing
Reply With Quote
  #20  
Old 09-26-05, 02:20 AM
Trinary Trinary is offline
Active Member
 
Join Date: Jul 2005
Posts: 169
Default

no comment on that...
But anyway, reason is maybe because too many pooled account cause too many discussions...
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump



All times are GMT +1. The time now is 07:07 PM.


Powered by: vBulletin Version 3.0.8
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright © 2004 - Web Life Org